Full text of H.6 Money Stock Measures : July 7, 1980

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)

JULY

7,

1980

Table 1

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
M1-A
M1-B

Currency
plus demand
deposits 1

Date

M1-Aplus
other checkable
deposits at banks
and thrift
institutions2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

355.5
359.4

369.2
373.9

NSA
28.7
29.2

NSA
21.8
24.6

JULY
AUG.
SEPT.

362.0
364.0
365.9

377.4
379.9
382.2

28.5
28.6
29.8

OCT.
NOV.
DEC.

366.6
368.0
369.7

382.9
384.2
386.4

1980-JAN.
FEB.
MAR.

370.8
373.7
373.1

APR.
MAY

1979-MAY
JUNE

M3
M2
M1-Bplus
M2 plus large
overnight RPs
time deposits
and Eurodollars,
MMMF shares, and and term RPs at
savings and small commercial banks
and thrift
time deposits at
institutions^
commercial banks
and thrift
institutions^

L

M3 plus other
liquid assets^

1449.5
1465.9

1679.2
1695.2

2021.1
2048.8

28.0
31.2
33.7

1478.3
1491.8
1502-9

1709.2
1725.8
1745.5

2063.8
2081.3
2110.0

28.8
25.7
25.3

36.9
40.4
43.6

1510.1
-1516.4
1525.5

17 57.8
1765.4
1775.5

2120.4
2126.4
2141.1

388.1
391.3
391.2

26.6
27.1
24.6

49.1
56.7
60.4

1534.5
1546.7
1552.7

1786.9
1804.5
1809.9

2155.2
2175.9
2186.4

367.6
367.8

386.6
386.2

20.3
21.5

60.6
65.4

1550.1
1561.5

18 10.5
1323.6

2195.4

7
14
21
28

369.1
367.3
368.2
367.1

387.4
385.5
386.6
385.6

21.2
19.0
21.1
22.4

63.0
65.3
67.6
69.2

4
11
18 P
25 P

369.7
369.2
372.7
371-9

388.7
388.6
392.6
391.6

24.4
20.5
20.5
24.2

71.2
72.7
74.2
75.5

WEEK ENDING:

1980-MAY

JUNE

1/
2/
3/
4/

5/
6/

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE IKS.
GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND
F.R. FLOAT; AND (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
M1-A PLUS NOW AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE CRAFT ACCOUNTS AND
DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THCSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
SMALL TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. M2 WILL DIFFER FROM THE SUM OF
COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT HAS BEEN MADE TO AVOID
DOUBLE COUNTING OF THE PUBLICS MONETARY ASSETS. THE DIFFERENCE REPRESENTS THE AMOUNT OF DEMAND DEPOSITS
HELD BY THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
LARGE TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE AND ARE NET OF THE HOLDINGS
OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET MUTUAL FUNDS AND FOREIGN
BANKS AND OFFICIAL INSTITUTIONS. TERM RPS ARE NET OF RPS HELD BY MONEY MARKET MUTUAL FUNDS.
OTHER LIQUID^ASSETS INCLUDE THE NONBANK PUBLIC"S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
SECURITIES, COMMERCIAL PAPER, AND BANKERS ACCEPTANCES NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE
ASSESS.

NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES
IN MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY PEVISIONS UNTIL THEY ARE FINAL.




H.6 (508)
Table 1A

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions OT aonars, not seas onany aajusxea
M1-A

Currency
plus demand
deposits1

Date

1979-MAY
JUNE

Addenda:

M1-B

MI-Aplus
other checkable
deposits at banks
and thrift
institutions2

Overnight RPs
at commercial
banks plus
overnight
Eurodollar

Money market
mutual fund
shares

M3
M2
M1-Bplus
M2 plus large
overnight RPs
and Eurodollars,
time deposits
MMMF shares, and and term RPs at
savings and small commercial banks
and thrift
time deposits at
institutions5
commercial banks
and thrift
institutions4

L

M3 plus other
liquid assets6

350.0
358.4

363.6
373.0

28.7
29.2

21.8
24.6

1446.7
1468.1

1675.4
1695.0

2018.4
2047.5

jrJLY
AUG.
SEPT.

364.0
361.9
365.4

379.3
377.8
381.8

28.5
28.6
29.8

28.0
31.2
33.7

1484.1
1489.2
1501.4

1712.4
1722.9
1743.4

2065.6
2077.3
2101.3

OCT.
NOV.
DEC.

368.2
370.6
379.2

384.5
386.8
396.0

28.8
25.7
25.3

36.9
40.4
43.6

1510.1
1511.8
1527.3

1758.4
1762.0
1780.8

2118.6
2124.8
2143.6

1980-JAN.
FEB.
MAR.

375.6
365.5
366.3

392.9
383.0
384.4

26.6
27.1
24.6

49.1
56.7
60.4

1537.8
1538.6
1549.6

1792.2
1796.6
1807.7

2161.8
2173.3
2187.0

APF.
MAY

370.9
362.1

389.9
380.5

20.3
21.5

60.6
65.4

1558.3
1558. 1...

1816.6
1819. 1

2203.4

7
14
21
28

365.5
363.1
361.5
357.7

383.7
381.4
379.9
376.1

21.2
19.0
21.1
22.4

63.0
65.3
67.6
69.2

4
11
18 P
25 P

367.3
371.6
373.7
366.2

386.2
391.0
393.6
385.9

24.4
20.5
20.5
24.2

71.2
72.7
74.2
75.5

WEEK E N D I N G :
1980-MAY

JUNE

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates

Date

M1-A

M1-B

Currency
plus demand
deposits1

M1-Aplus
other checkable
deposits at banks
and thrift
institutions^

. M2
.
M1-Bpius
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions^

M3
M2 plus large
time deposits
and term RPs at
commercial banks
and thrift
institutions^

MAY

FROM

FEB.

1980

(3 MONTHS PREVIOUS)

-6.3

-5.2

3.8

4.2

NOV.

1979

(6

-0.1

1.0

5.9

6.6

MAY "

1979

(12

3.5

4.6

7.7

8.6

-2.5

-0.8

MONTHS

PREVIOUS)

MONTHS

PREVIOUS)

JUtfE 2 5 ,
FOUR WEEKS ENDING:
FROM FOUR KEEKS ENDING:

1980

MAR.

26,

DEC.

26, 1979

(26

WEEKS PREVIOUS)

0.9

2.3

JUNE

27, 1979

( 5 2 WEEKS PREVIOUS)

3.2

4.4

NOTE:

1980

( 1 3 WEEKS

PREVIOUS)

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted

Date

1 9 7 9 — MAY
JUNE

Currency

1

Demand
deposits2

Other
checkable
deposits3

Overnight
RPs
(net) 4

Overnight
Eurodollars5

NSA

NSA

NSA

Money
market
mutual
funds 6
NSA

at
commercia
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits?
at
at
thrift
commercial
total
institutions
banks

100.9
101.8

254.7
257.6

13.6
14.6

25.9
26.3

2-8
2.9

21.8
24.6

205.1
205.9

243.4
243.9

448.6
449.8

206.1
210.0

377. 8
381. 0

583.9
591.0

JULY
AUG.
SEPT.

102.6
103.7
104.7

259.4
260.3
261.2

15.4
15.9
16.3

25.5
25.3
26-2

3.0
3.3
3.6

28.0
31.2
33.7

206.4
206.5
204.9

244.5
243.9
240.5

450.9
450.4
445.4

213.3
217.9
222.1

382. 9
386. 5
392. 5

596.2
604.4
614.6

OCT.
NOV.
DEC.

105,5
105.9
106.3

261.1
262.1
263.4

16.3
16.2
16.7

25.3
22.5
21.7

3.5
3.2
3.6

36.9
40.4
43.6

202.0
196.1
194-2

234.0
22 5. 2
222.5

436.0
421-3
416.7

227.5
237.0
241.5

400. 9
410. 8
415. 1

628.4
647. 8
656.5

1980—JAN.
FEB.
MAR.

107.3
108.1
108.9

263.5
265.6
264.2

17.3
17.6
18.0

22.6
23.0
21.0

4.1
4.1
3.6

49.1
56.7
60.4

192.2
188.6
183.0

219.6
214.6
208.9

411.8
403.1
391.9

245.9
251.2
260. 1

415. 9
420. 2
427. 5

661.8
671.4
687.6

APR.
MAY

109.0
110.1

258.6
257.7

19.0
18.4

17.6
18.7

2.7
2.8

60.6
65.4

176.4
175.3

201.0
197.5

377.3
372.8

271.9
275.1

436. 3
443. 5

708.2
718.6

7
14
21
28

110.1
109.7
109.9
110.7

259.0
257.6
258.3
256.5

18-3
18.3
18.4
18.4

18.8
16.7
18.4
19.3

2.4
2.4
2.7
3.1

63.0
65.3
67.6
69.2

174.2
174.6
175.5
176.1

274.8
275. 1
275.3
275.3

4
11
18 P
25 P

110.4
110.6
111.0
111.0

259.3
258.5
261.7
260.8

18.9
19.5
19.8
19.7

21.2
18.0
17.7
21.3

3.1
2.5
2.8
2.9

71.2
72.7
74.2
75.5

177.2
179.0
180.1
181.3

274.9
274.6
274.6
274.3

WSEK ENDING

1 9 8 0 - MAY

JUNE

1/
2/
3/
4/
5/
6/
7/

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT
AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT.
INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS
BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.
SMALL DENOMINATION TIME DEPOSITS ARF THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




H.6 (508)
Table 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
billions OT aonars, seasonally aa listed unless omerwise noiea
Large denomination time deposits ^
at commercial
at thrift
Date
banks2
institutions
total

1979—MAY
JUNE

Term RPs3
at commercial
banks
NSA

at thrift
institutions
NSA
6.1
6.4

total
NSA
31.5
32.4

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities5

Bankers
acceptances^

Commercial
paper?

29.6
29.9

80.6
80.4

122.5
131.4

21.0
21.5

88.2
90.4

32.0
32.2
33.7

31.4
33.9
33.4

80.0
80.0
80.6

128.8
123,0
128.1

22.6
25.0
26.6

91.8
93.6
95.7

7.2
6.9
6.7

33.0
30.5
30.5

33.2
34.0
31.9

82.2
80.3
80.0

123.7
122.1
127.5

27.1
28.6

28.9

96.4
96.0
97.3

23.3
22.7
20.6

6.6
6.6
6.6

29.9
29.2
27.1

34.1
37.5
37.4

79.2
78.1
76.8

127.6
128.8
133.7

28.4
27.6
28.8

99.0
99.3
99.8

20.4
20.3

6.5
6.5

26.9
26.9

38.2

75.2

141.3

29.6

100.6

178.9
176.4

19.2
20,4

198.2
196.8

25.4
26.0

JULY
AUG.
SEPT.

177,1
178.9
184.9

21.8
22.9
24.1

198.9
201.8
208.9

25.2
25.2
26.4

6.8
7.0
7.3

OCT.
NOV.
DEC.

188.9
190.3
189.1

25.9
28.2
30.3

214.8
218.5
219.4

25.7
23.6
23.8

1980--JAN.
FEB.
MAR.

190.6
195.1
196.0

31.9
33.5
34. 1

222.5
228.6
230.1

APR.
MAY

198.6
199.4

34.9
35.9

233.5
235.3

WEEK ENDING:
1 9 8 0 - MAY

JUNE

1/
2/
3/
4/
5/
6/
7/

7
14
21
28

200.8
200.6
198.9
197.4

20.6
21.4
19.0
20.1

4
11
18 P
25 P

195.4
195.4
195.3
193.0

20.8
23.3
20.6
21.3

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY MONEY MARKET MUTUAL FUNDS.
NET CF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS # F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
1

Date

Currency

at member
banks2

Demand deposits
at foreignat domestic
related
nonmember
banking
banks3
offices
in the U.S.4

Other checkable deposits

total

at
commercial
banks5

at thrift
institutions©

total

Overnight
RPs(net)7

Money market
Overnight
Eurodollars 8 mutual funds9

100.7
101.9

161.1

83.1
85.2

5.1
5.5

249.3

165.9

256.6

10.1
11.0

3.5
3.6

13.6
14.6

25.9
26.3

2.8
2.9

21.8
24.6

JULY
AUG.
SEPT.

103.2
103.9
104.5

169.1
167.2
167.9

86.2
85.3
87.3

5.4
5.4
5.7

260.7
257.9
260.9

11.7
12.1
12.5

3.7
3.8
3.8

15.4
15.9
16.3

25.5
25.3
26.2

3.0
3.3
3.6

28.0
31.2
33.7

OCT.
MOV.
DEC.

105.2
106.6
108.2

169.0
169.5
175.3

87.9
88.5
90.2

6.0
6.0
5.5

263.0
264.0
271.0

12.5
12.4
12.8

3.8
3.9
3.9

16.3
16.2
16.7

25.3
22.5
21.7

3.5
3.2
3.6

36.9
40.4
43.6

1980—JAN.
FEB.
NAB.

106.5
106.8
107.9

173.9
165.3
164.9

89.2
86.8
86.6

6.0
6.5
6.8

269.1
258.7
258.4

13.4
13.7
14.0

3.9
3.9
4.0

17.3
17.6
18.0

22.6
23.0
21.0

4.1
4.1
3.6

49.1
56.7
60.4

APE.
MAY

108.7
109.9

168.6
161.3

87.5
84.5

6.1
6.4

262.2
252.2

14.9
14.3

4. 1
4. 1

19.0
18.4

17.6
18.7

2.7
2.8

60.6
65.4

1979—MAY
JONE

WEEK ENDING:

1980-

1/
2/
3/
4/
5/
6/
7/
8/
9/

MAY

7
14
21
28

110.1
109.9
109.7
109.9

163.4
162.3
161.0
158.6

86.0
84.9
84.1
82.6

6.0
6.1
6.8
6.6

255.4
253.3
251.8
247.7

14.2
14.1
14.3
14.3

4. 1
4. 1
4. 1
4.1

18.3
18.3
18.4
18.4

18.8
16.7
18.4
19.3

2.4
2.4
2.7
3.1

63.0
65.3
67.6
69.2

JUNE

4
11
18 P
25 P

110.3
111.7
111.3
110,6

164.3
166.3
168.2
163.5

86.0
87.3
87.9
85.8

6.7
6.2
6.3
6.2

257.0
259.8
262.5
255.6

14.8
15.3
15.7
15.6

4.1
4. 1
4. 1
4. 1

18.9
19.5
19.8
19.7

21.2
18.0
17.7
21.3

3.1
2.5
2.8
2.9

71.2
72.7
74.2
75.5

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OP COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
NOW AND ATS ACCOUNTS AT BANKS.
NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonal^/ adjusted
Date

at commercial
banks

at savings
and loans

Savings deposits
at mutual
savings banks

at
credit unions

total

at commercial
banks

Small denomination time deposits1 .
at mutual
at
savings banks
credit unions

at savings
and loans

total

206.5
206.7

129.9
131.0

66.5
66.7

47.6
48.1

450.5
452.4

206.9
211.0

299.2
301.1

73.6
73.8

5.0
5.6

584.7
591.5

JULY
AUG.
SEPT.

207.6
206.7
204.5

132.1
131.4
129.4

66.7
65.9
65.0

48.0
47.3
46.8

454.3
451.2
445.7

213.5
217.6
222. 1

302.9
304.0
307.9

74.0
74.3
75.4

6.3
7.1
7.9

596.7
603.1
613.2

OCT.
NOV.
DEC.

201.3
194.8
192.4

124.8
119.6
118. 1

63.0
60.7
59.9

45.6
44.1
43.5

434.6
419.2
413.8

228.0
235.1
239.0

314.4
319.5
322.4

77.1
78.7
79.7

8.7
9.5
10.3

628.2
642.7
651.5

1980—JAN.
FEB.
MAR.

191.3
187.5
183.6

116.5
113.5
111.1

59.0
57.5
56.3

42.5
41.6
41.2

409.2
400.0
392.2

245.5
251.9
260.9

325.7
329.1
333.8

80.7
81.7
83.3

11.1
11.9
12.9

662.9
674.6
690.9

APR.
MAY

178.0
176.5

106.8
104.8

54.3
53.3

40.6
39.9

379.6
374.5

272.2
276.2

339.3
341.6

85.6
86.7

13.8
14.6

710.8
719.2

1979—MAY
JUNE

WEEK E N D I N G :
1980-

1/

MAY

7
14
21
28

175.2
175.9
176.8
177.3

275.6
276.2
276.4
276.4

JUNE

4
11
18 P
25 P

178.4
180.0
180.6
181-5

276.3
276.0
276.0
275.7

SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
Large denomination time deposits1
at mutual
at
commercial
savings
at savings
total
banks2
banks
and loans

Date

Term RPs3
at
commercial
banks

at thrift
institutions

178.0
173.8

2.0
2.1

197.2
194.5

25.4
26.0

6.1

18.6

JULY
AUG.
SEPT.

174. 1
177.9
183.6

20.1
21.3
22.4

2.2
2.3
2.4

196.4
201.5
208.4

25.2
25.2
26.4

6.8
7.0
7.3

OC1.
NOV.
DEC.

189.1
191.6
193.5

23.8
25.4
26.8

2.5
2.6
2.7

215.4
219.7
223.0

25.7
23.6
23.8

1980—JAN.
FEB.
MAR.

193.3
196.1
197.6

28.4
29.9
30.6

2.8
2.8
2.8

224.4
228.8
230.9

APE.
MAY

197.0
198.4

31.6
32.9

2.8
2.9

231.5
234.1

1979—SAY
JUNE

17.1

Term
total

Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities5

Bankers
acceptances6

Commercial
paper7

31.5
32.4

29.6
29.9

80.6
80.6

122.2
129.1

21.5
21.8

89.0
91.1

32.0

32.2
33.7

31.4
33.9
33.4

80.6
80.6
80.6

126.5
122.0
123.4

22.5
25.3
26.6

92-2
92.6
93.8

7.2
6.9
6.7

33.0
30.5
30.5

33.2
34.0
31.9

80.5
80.3
80.0

124.0
123.9
127.2

27.0
27.6
26.6

95.4
97.1
97.2

23.3
22.7
20.6

6.6
6.6
6.6

29.9
29.2
27.1

34.1
37.5
37.4

79.2
78.2
76.8

130.2
132.1
135.4

27.5
28.9
29.8

98.7
100.0
99.8

20.4
20.3

6.5
6.5

26.9
26.9

38.2

75. 1

142.6

30.1

100.7

6.4

V3EK ENDING :

1980-

MAY

JUNE

1/
2/
3/
4/
5/
6/
7/

21
28

198.6
199.0
198.5
197.6

20.6
21.4
19.0
20.1

4
11
18 P
25 P

194.4
193.3
191.8
189.2

20.8
23.3
20.6
21.3

7
14

.

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,000 OR MORE.
LAPGI DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT
INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Tabte 4

MEMORANDA ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

foreign official
institutions

Time and savings
deposits due to
foreign commercial
banks and foreign
official institutions

10.1
10.6

3,1
3.3

10.0

JULY
AUG.
SSPT.

11.0
10.8
11.3

3.1
2.9
2.?

9-9

OC1.
!IOV.
DEC.

11.5
11.6
T2.2

1980-JAH.
FSB.
HAP.

11.&
12.0
12.7

APR.
HAY

demand deposits at
Federal Reserve
commercial banks
Banks

U.S. government deposits
note balances at
commercial
banks and thrift
institutions

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

2.4
3.5

3.3
3.3

6.0
7.3

11.7
14.1

1.0
1.0

9.8
9.8

2.2
2.3
2.7

3.3
3.0
3.9

11.0
7.5
9.7

16.5
12.8
16.3

1.0
1.0
1.0

2.5
3.2
3.4

9.2
8.8
9.9

2, 1

2.3
2.7

3.3
3.0
3.0

9.6
3.3
6.9

15.0
8.6
12.6

1.0
0.9
0.8

3.6
3.3

3.0
2.7
2.7

3.1
3.4

3.2

9.4
8.8
8.8

2.7

9.6
9.0
5.1

15.7
15. 1
10.5

0.7
0.7
0.7

12.3
13.0

3.5
3.3

9.2
9.6

3.5
2.5

2.6
2.8

5.4
5.9

11.6
11.2

0.7
0.6

7
14
21
28

12.7
12.4
13.4
13.7

3.7
3.3
3.3
3.0

9.4
9.3
9.3
10.1

3.0
2.3
2.9
2*1

2.4
2.8
3*0
2.6

8.3
4.5
5.5

13.7
9.6
11.4
10.5

0.7
0.6
0.6
0.6

4
11
18 P
25 P

12.1
12.5
11.7
12.1

3.0
2.8
2.7
2.8

10.1
10.0
10.0
ICO

2.7
2.3
5.2
2.6

3.9
2.9
2.0
3.2

4.4
3.4

1t.O
8.6
11.0
17.3

0.6
0.6
0*6
0.6

1979-MAY
JUNE

9.9

WEEK ENDING
1980—WAY

JUNE




5.7

3.7
11.5

SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at
All Insured Commercial Banks and All Mutual Savings Banks
March 26, 1980, atid April 30, 1980, and May 28, 1980
(Not seasonally ^d^usted)JL'
March 26

Insured Commercial Banks
April 30
" May 30

March 26

Mutual Savings Banks
April 30
May 26^

Amount outstanding
(millions of dollars):

2/

6-month money market certificates—
(Standard error of the esitmate)
2-1/2 year and over variable
ceiling certificates 3J
(Standard error of the estimate)

138,688
(2099)

157,954
(2272)

155,335
(2236)

40,273
(688)

45,106
(855)

43,760r
(804)

6,152
(274)

8,860
(359)

13,497
(484)

2,313
(100)

3,504
(158)

5,197r
(230)

13,742

13,860

13,866

463

463

463

13,022

12,87a

12,788

454

455

463

95.1

93,3

95.6

99.8

88.4

96.3

94,2

9X1,4

92.5

92.1

99.8

Number of institutions offering:
2/
6-month money market certifictates—
2-1/2 year and over variable
ceiling certificates
Percent of offering institutions
paying the ceiling rate during the
survey period;
2/
6-month money market certificates—
2-1/2 year and over variable ceiling
certificates

1/
2/

3/

r—revised
Estimates for
May
are based on data collected by the Federal Reserve and the FDIC from a stratified random sample of
524 commercial banks and 94 mutual savings banks.
Mcney market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or more with original maturities of exactly 26 weeks for which the maximum permissible rate of interest on new deposits at commercial banks is equal
to the discount yield on the most recently issued six-month Treasury bill (auction average). The ceiling rate for mutual
savings banks (MSBs) is 1/4 percentage point higher when the 6-month Treasury bill rate is 8-3/4 percent or less. The 1/4
percent differential is removed when the 6-month bill rate is 9 percent or more. MSBs may pay a maximum of 9 percent
when the 6-month bill rate is between 8-3/4 and 9 percent. See page A10 in the Federal Reserve Bulletin for ceiling
rates.
This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination issued between
July 1 and December 31, 1979 and all such 2-1/2 year and over variable ceiling accounts issued since January 1, 1980. The
4-year and over variable ceiling accounts issued at commercial banks in 1979 were subject to a rate ceiling equal to
1-1/4 percentage points (1 percentage point at MSBs) below the yield on 4-year U.S. Treasury securities. Beginning
January 1, 1980, the minimum maturity on variable ceiling accounts was lowered to 2-1/2 years and the rate ceiling was
changed to 3/4 percentage points below (1/2 percentage point at MSBs) the yield on 2-1/2 year U.S. Treasury securities.
Effective March 1, 1980, a temporary ceiling of 11-3/4 percent was placed on these accounts issued by commercial banks.
The temporary ceiling is 12 percent at MSBs. See page A10 in the Bulletin for ceiling rates.