Full text of H.6 Money Stock Measures : June 19, 1981

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)
JUNE 1 9 , 1 9 8 1

Table 1

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

Date

Currency
plus demand
deposits'

M1-A plus
other
checkable
deposits
(OCD) 2

M1-B
Shift adjusted
M1-B less
shifts to OCD
from
non-demand
deposit
sources^

M2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars4

Money market
mutual fund
shares

NSA

NSA

M3

M1-B plus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits^

L

M3 plus other
liquid assets'

367.0
370.8

386.9
391.0

23.3
24.6

66.8
74.2

1566.2
1587.6

1827.9
1848.2

2226.0
2241.8

JOLY
AUG.
SEPT.

373.8
379.5
332.8

395.4
402.5
407.0

29.1
31.6
33.0

80.6
80.7
78.2

1613.1
1632.7
1644.3

1869.3
1891.9
1905.7

2259.6
2284.8
2300.6

OCT.
NOV. P
DEC. P

386.4
388.2
384. 4

411.6
414.7
411.3

32.5
32.6
32.1

77.4
77.0
75.8

1653.6
1667.1
1668.7

1920.0
1941.0
1952.2

2317.0
2346.7
2365.3

1981-JAN. ?
FEB.. P
MAR. P

373.3
366.6
365.0

416.0
419.0
422.9

32.6
31.7
33.0

80.7
92.4
105.6

1681.7
1695.4
1717.4

1978.6
1996.4

2398.4
2419.6

2012.3

2*428.2

33.4
37.5

117.1
118.1

1735.5
1741.8

2028.7
2043.0

1980-MAY
JUNE

412.4
412.9
415.4
420.2
418.8

365.1
363.7

429.5
427.7

P
P
P
P

367.0
364.9
363.8
363.5

431.1
428.7
427.4
427.5

39.3
35.5
36.6
38.1

118.3
118.1
117.9
117.8

JUNE 3 P
10 P

361.3
360.5

424.9
425.4

38.9
38.5

118.4
120.0

APR. P
MAY P
WEEK ENDING:

1981-MAY

6
13
20
27

1/

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DOE 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; AND (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
2/ NOW AND ATS ACC0UHI5 Al BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND
DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ M1-B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO OCD FROM SOURCES OTHER THAN DEMAND DEPOSITS. THE
PORTION OF NO1 SEASONALLY ADJUSTED OCD FLOWS ASSOCIATED WITH SAVINGS AND OTHER NON-DEMAND DEPOSIT SHIFTS
IN MAY IS ASSUMED TO BE 27.5 PERCENT. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE THE SUPPLEMENTARY NOTE
ON SHIFT ADJUSTMENT CONTAINED IN H.6 RELEASE DATED MAY 29, 1981. FROM THE FOURTH QUARTER OF 1980 10 MAY
1981 GROWTH IN SHIFT ADJUSTED M1-B WAS 3.1 PERCENT.
4/ OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
5/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS IB AMOUNTS OF LESS THAN $100,000)
ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. M2 WILL DIFFER FROM IHE SUM OF COMPONENTS PRESEN1ED
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUN1 OF DEMAND DEPOSITS HELD BY
THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
6/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS CF
$100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
7/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
SECURITIES, COMMERCIAL PA^ER, BANKERS ACCEPTANCES AND 1ERM EURODOLLARS NET OF MONEY MARKEI MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DAtfA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-HEEK 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 REVISIONS UNTIL THEY ARE FINAL.



H.6 (508)
Table 1A

MONEY STOCK MEASURES-AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
M1-A

Date

Currency
plus demand
deposits1

M1-B

M1-B
Shift adjusted

MI-Aplus
other
checkable
deposits
(OCD) 2

M1-B less
shifts to OCD
from
non-demand
deposit
sources**

M2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars4

Money market
mutual fund
shares

NSA

NSA

M3

M1-B plus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits**

L

M3 plus other
liquid assets'

361.5
369.7

380.5
390.2

23.3
24.6

66.8
74.2

1560.8
1589.4

1821.7
1845.6

2224.1
2241.0

JULY
AUG.
SEPT.

375.5
377.3
382.6

397.5
400.5
407.2

29.1
31.6
33.0

80.6
80.7
78.2

1618.0
1629.5
1642.3

1870.8
1886.6
1902.3

2259.6
2278.6
2296.2

OCT.
NOV. P
DEC. P

388.0
391.1
394.7

413.7
417.7
421.8

32.5
32.6
32.1

77.4
77.0
75.8

1656.9
1665.7
1674.7

1923.1
1942.1
1962.8

2318.0
2344.7
2372,. 0

1981-JAN. P
FEB. P
MAR. P

377.3
358.2
358.3

420.6
409.4
415.1

417.0
403.4
407.6

32.6
31.7
33.0

80.7
92.4
105.6

1684.7
1685.1
1712.4

1984.3
1988.3
2009.9

2401.4
2412.8
2429.0

APR. P
MAY P

368.3
358.3

432.9
420.8

423.5
411.9

33.4
37.5

117.1
118.1

1743.5
1736.0

2035.5
2036.3

P
P
P
P

365.0
360.8
358.1
353.1

428.1
423.5
420.1
414.7

39.3
35.5
36.6
38-1

118.3
118. 1
117.9
117.8

JUNE 3 P
10 P

358.2
361.9

421.5
426.9

38.9
38.5

118.4
120.0

1980-MAY
JUNE

WEEK ENDING:

1981-MAY

NOTE:

6
13
20
27

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 2

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

Date

MAY

M1-A

M1-B

Currency
plus demand
deposits 1

MI-Aplus
othe'r checkable
deposits at banks
and thrift
institutions 2

M2
MI-Bplus
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions 5

M3
M2 plus large
time deposits
and term RPs at
commercial banks
and thrift
institutions 6

FROM:

PEB.

1981

(3 MONTHS PREVIOUS)

-3.2

8.3

10.9

9.3

NOV.

1980

(6 MONTHS PREVIOUS)

-12.6

6.3

9.0

10.5

MAY

1980

(12 MONTHS PREVIOUS)

-0.9

10.5

11.2

11.8

FOUR WEEKS ENDING:
JUNE
FROM FOUR WEEKS ENDING:

10,

1981

MAR.

1 1 , 1981

(13 WEEKS PREVIOUS)

-4.4

5.0

DEC.

10,

1980

(26 WEEKS PREVIOUS)

-13.1

5.8

JUNE

1 1 , 1980

(52 WEEKS PREVIOUS)

-1.7

9.8

NOTE:

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

Currency 1

Date

1980-MAY
JUNE

Demand
deposits 2

Other
checkable
deposits 3

Overnight
RPs
(net) 4

Overnight
EurodollarsB

NSA

NSA

Money
market
mutual
funds6
NSA

Savings deposits
at
at
commercial
thrift
institutions
banks

total

Small denomination time deposits7
at
at
thrift
commercial
total
institutions
banks

110.4
111.2

256.7
259.6

19.8
20.2

20.5
21.7

2.8
2.9

66.8
74.2

180.7

201.1
204.5

378.1
385.2

274.2
274.0

440.0
441.6

714.1
715.6

112.2

177.1

JULY
AUG.
SEPT.

113.5
113.8

261.7
266.0
268.9

21.6
23.0
24.2

25.5
27.9
29.2

3.6
3.7
3.7

80.6
80.7
78.2

185.9
189.4
190.7

210.7
216.0
218.2

396.6
405.4
408.9

273.9
274.6
276.4

440.6
441.1
444.1

714.5
715.7
720.4

OCT.
NOV. P
DEC. P

114.9
115.6
116.2

271.5
272.6
268.2

25.2
26.5
26.9

28.1
27.9
27.6

4.4
4.7
4.6

77.4
77.0
75.8

191.0
191.8
185.6

217.9
215.1
208.2

408.8
406.8
393.8

279.0
284.7
293.1

4 47.5
454.6
465.9

726.5
739.3
759.0

1981-JAN. P
FEB. P
MAR. P

116.6
117.3
117.9

256.7
249.3
247. 1

42.8
52.5
57.9

27.4
26.8
28.5

5.1
4.9
4.4

80.7
92.4
105.6

177.4
174.0
172.6

200.3

196.5
195.5

377.7
370.5
368.1

303.2
306.8
310.9

474.7
478.3
480.3

777.9
785. 1
791.2

APR. P
MAY P

119.0
119.7

246.1
244.0

64.5
64.0

28.7
31.5

4.7
6.1

117.1
118.1

172.3
170.1

194.8
191.0

367.1
361.1

312.0
316.0

479.7
484.6

791.7
800.6

P
P
P
P

119.5
119.5
119.6
120.4

247.5
245.4
244.2
243.1

64.2
63.8
63.6
64.0

32.8
30.4
30.5
31.5

6.5
5.1
6.0
6.6

118.3
118.1
117.9
117.8

172.0
171.0
169.6
168.7

312.7
314.4
316.5
317.9

3 P
10 P

119.2
119.7

242.1
240.8

63.6
64.9

32.8
33.1

6.1
5.4

118.4
120.0

167.8
167.3

319.9
321.3

WEEK

ENDING:

1981-MAY

JUNE

1/
2/

6
13
20
27

CURRENCY OUTSIDE THEtf.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.
V
INCLUDES A1S AND NOB BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS
BANKS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M1-B SEASONALLY ADJUSTED LESS M1-A SEASONALLY ADJUSTED.
\/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
.5/ 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 ARE 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 usiea unless omerwise norea
Large denomination time deposits!
at thrift
at commercial
Date
banks2
institutions
total

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper?

197.0
194.4

35.8
36.2

232.8
230.7

22.5
23.5

6.5
6.5

28.9
30.0

50.3
48.9

74.2
73.7

148. 1
144.6

29.2
29.6

96.5
96.7

JULY
AUG.
SEPT.

188.6
188.3
190.0

36.5
37.2
38.1

225.1
225.4
228.0

24.7
27.3
26.4

6.5
6.5
7.0

31.1
33.8
33.5

48.4
48.4
45.2

73.5
73.2
73.0

142.9
145.7
148.5

29.3
28.8
29.7

^6.8
98.5

OCT.
NOV. P
DEC. P

191.3
196.2
204.3

39.7
41.3
42.8

231.0
237.4
247.0

28-0
28.9
28.9

7.5
7.5
7.6

35.5
36.5
36.5

43.6
46.1
48.4

72.8
72.6
72.3

151.1
155.9

159.7

30.6
31.3
32.5

96.9
99.8
100.2

214.0
217.9
214.0

44.0
45.1
45.1

258.1
263.0
259.1

31.1
30.5
28.5

7.8
7.4
7.3

38.8
37.9
35.8

50.2
51.0
50.7

71.9
71.1
70.7

165.5
169.8
164.4

33.0
32.0
33.0

99.2
99.4
97.2

211.8
218.9

45.3
46.0

257.1
264*9

28.9
29.3

7.2
7.1

36.1
36.4

1980-MAY
JUNE

1981-JAN. P
FEB. P .
MAR. P
APE. P
MAY P
WEEK ENDING:

1981-MAY

JUNE

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

6
13
20
27

P
P
P
P

212.9
217.4
219.2
221.3

27.6
28.9
29.8
30.0

3 P
10 P

225.8
226.9

30.6
31.2

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 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)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonalh/ adjusted
Currency 1

Date

at member
banks2

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

Other checkable deposits

total

at
commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)7

Overnight
Money market
Eurodollars 8 mutual funds9

109.9
111.2

161.3
166.1

84.3

86.2

5.9
6.3

258.6

14.2
15.5

4.8
4.9

19.0
20.4

20.5
21.7

2.8
2.9

66.8
74.2

JULY
AUG.
SEPT.

112.7
113.7

113.7

167.9
169.2
173.1

87.9
88.3
89.9

6.9
6.1
5.9

262.7
263.6
268.9

16.9
18.0
18.9

5.1
5.2
5.6

22.0
23.2
24.6

25.5
27.9
29.2

3.6
3.7
3.7

80.6
80.7
78.2

OCT.
NOV. P
DEC. P

114.9
116.6
118.5

175.7
175.7
177.3

91.5
92.7
92.7

5.9
6.1
6.2

273.1
274.5
276.2

19.8
20.6
21.0

5.9
6.0
6.1

25.7
26.6
27.1

28.1
27.9
27.6

4.4
4.7
4.6

77.4
77.0
75.8

1981-JAN. P
FEB. P
MAR. P

115.8
115.9
116.8

166.1
151.3

151.0

89.6
85.2
84.8

5.9
5.7
5.6

261.5
242.3
241.4

34.7
41.4
46.0

8.6
9.9
10.8

43.3
51.2
56.8

27.4
26.8
28. 5

5.1
,4.9
4.4

80.7
92.4
105.6

APR. P
MAY P

118.5
119.3

156.5
148.1

88.1
85.6

5.2
5.5

249.8
239.1

52.6
50.2

12.0
12.2

64.6
62.4

28.7
31.5

4.7
6.1

117. 1
118. 1

P
P
P
P

119.5
119.6
119.0
119.2

152.5
149.4
148.6
145.0

87.6
86.2
84.9
83.6

5.4
5.5
5.5
5.2

245.5
241.2
239.0
233.9

50.8
50.4
49.9
49.5

12.3
12.2
12.2
12.1

63.1
62.7
62.0
61.6

32.8
30,4
30.5
31.5

6.5
5.1
6.0
6.6

118. 3
118. 1
117.9
117.8

3 P
10 P

118.9
120.9

147.5
149.2

85.8
86.3

5.9
5.6

239.2
241.1

50.8
52.2

12.5
12.8

63.3
65.0

32.8
33.1

6.1
5.4

118.4
120.0

1980-MAY
JUNE

WEEK

ENDING:

1981-MAY

JUNE

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

251.5

6
13
20
27

CURRENCY OUTSIDB THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LFSS
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
Din IUI

19

\JI

uunnig, I I V I I icoauiiBii

•

BUJU31CU

Savings deposits
at mutual
at
savings banks
credit unions

at commercial
banks

at savings
and loans

176.7
181.2

104.8
108.3

53.2
54.2

JULY
AUG.
SEPT.

187.6
190.8
191.6

112.9
116.0
117.7

0C1.
NOV. P
DEC. P

192.9
191.0
184.1

117.2

1981-JAN. P
FEB. P
NAB. P
APB. P
MAY P

Date

1980-MAY
JUNE

at commercial
banks

42.2
43.2

376.9
386.9

275.8
275.4

341.7
341.7

86.9
87.1

12.0
12.4

716.4
716.6

55.7
56.6
57.0

44.9
45.5
46.0

401.0
408.8
412.4

273.6
273.2
275.0

340.2
338.5
339.8

86.9
86.8
87.3

12.2
12.6
12.7

712.9
711.1
714.9

113.9
109.0

• 56.7
55.4
53.5

46.2
45.4
44.2

412.9
405.8
390.9

278.4
282.7
291.3

343.7
349.1
358.0

88.5
90.0
92.6

13.1
14.1
15.5

723.7
735.9
757.4

176.5
172.1
171.6

103.7
100.6
101.0

51.7
50.8
50.9

43.0
41.9
41.9

374.9
365.3
365.5

302.6
308.7
312.8

365.3
367.9
369.3

94.7
95.6
96.3

16.5
17.4
18.3

779.1
789.5
796.6

172.5
169.6

101.3
98.8

50.8
50.0

41.8
41.2

366.5
359.7

313.2
317.9

368.5
369.2

96.3
96.5

18.9
19.6

796.9
803.2

WEEK ENDING;

1981-MAY

JUNE

1/

6 P
13 P
20 P
27 P

171. 1
170.5
169.5
168.6

314.6 ,
316.4
318.3
319.7

3P
10 P

167.9
167.9

321.8
323.3

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




Small denomination time deposits'!
at
at mutual
at savings
savings banks
and loans
credit unions

total

total

H.6 (508)
Table 3A—continued

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

Date

1980-MAY
JUNE

Large denomination time deposits'!
at mutual
at
savings
at savings
total
commercial
banks2
banks
and loans

at thrift

total

Institutions

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Bankers
Commercial
paper7
acceptances^
Treasury
securities^

32.8
33.5

2.9
2.9

231.9
226.2

22.5
23.5

6.5
6.5

30.0

50.3
48.9

73.9
73.5

151.9
146.2

29.0
29.4

97.4

189.8
184.6
185.4
187.7

34.1
35.0
35.9

2.9
2.9
2.9

221.7
223.3
226.5

24.7
27.3
26.4

6.5
6.5
7.0

31.1
33.8
33.5

48.4
48.4
45.2

73.3
73.2
73.1

142.1
146.0
148.8

28.8
28.8
30.0

96.2
95.6
96.8

196.2

JULY
AUG.
SEPT.

Term RPs3
at
commercial
banks

28.9

97.3

OCT.
NOV.
DEC.

P
P

190.6
198.9
209.4

37.1
38.0
39.1

3.0
3.0
3.0

230.7
240.0
251.5

28.0
28.9
28.9

7.5
7.5
7.6

35.5
36.5
36.5

43.6
46.1
48.4

73.0
72.9
72.7

149.4
152.0
156.6

30.8
31.3
31.4

98.1
100.3
100.0

1981-JAN.
FEB.
MAE.

P
P
P

217.3
220.9
217.2

40.4
41.1
41.3

3.1
3.3
3.2

260.7
265.3
261.7

31.1
30.5
28.5

7.8
7.4
7.3

38.8
37.9
35.8

50.2
51.0
50.7

71.9
71.1
70.6

163.5
168.8
166.2

32.1
33.3
33.9

99,3
100.4
97.8

APR.
MAY

P
P

211.1
218.0

41.6
42.7

3.2
3.2

255.9
263.9

28.9
29.3

7.2
7.1

36.1
36.4

WEEK ENDING-

1981-MAY

JUNE

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

20 P
27 P

211.8
216.6
218.7
221.1

27.6
28.9
29.8
30.0

3 P
10 P

223.0
222.0

30.6
31.2

6 P
13 P

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 HONEY 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 MAHKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6(508)
Table 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

demand deposits at
Federal Reserve
commercial banks
Banks

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

total demand
deposit* and
note balances

time and
savings deposits* at
commercial banks

13.0
11.9

3.7
3.2

TO. 5
11.1

2.6
3.2

2.8
2.9

5.9
6.8

IT. 3

JULY
AUG.
SEPT.

11.8
11.2
11.3

3.3
3.2
2.9

11.1
11.1
11.4

3.2
2.8
3.2

3.1
3.3
3.3

6.1

12.4
12.6
17.4

0.8

6.5
11.0

OCT.
NOV. P
DEC. P

11.5
11.9
12.0

3.0
3.4
3.6

11.6
11.5
11.7

3.0
2.5
2.7

3.2
3.0
2.7

9.7
4.1
6.3

16.0
9.6
11.7

0.8
0.8
0.8

1981-JAN. P
PEB. P
MAE. P

11.3
12.2
11.4

3.4
3.5
3.2

11.6
11.5
11.4

2.8
2.7
2.7

3.2
3.3
3.0

5.1
5.4
7.5

11.1
11.4
13.2

0.8
0.8
0.8

APK. P
HAY P

11.8
11.7

3.7
3.2

11.2
11.4

3.7
2.8

3.4
3.3

8.3
9.5

15.3
15.5

0.8
0.8

P
P
P
P

11.3
11. 1
11.6
12.7

3.6
3.3
2.8
3.1

11.3
11.4
11.4
11.5

3.6
2,1
3.2
2.1

4.2
3.3
3.1
2.8

14.3
13.0
8.0
6.9

22.0
18.4
14.3
11.9

0.8
0.8
0.8
0.8

3 P
10 P

12.1
12.0

3.4
3.7

11*5
11.4

3.0
2.2

3.0
2.6

3.4
5.0

9.4
9.9

0.8
0.8

1980-HAY
JUNE

13.0

0.9
0.8

0.8
0.9

'rfEEK ENDING:

1981-MAY

JUNE

6
13
20
27




SPECIAL SUPPIJEKENTAFY TABLE
Variable Ceiling Tijme Deposits at All Insured
Coimercial Banks and All Mutual Savings Banks
March 25, 1981, April 29, 1981 and May 27, 1981
(Not Seasonally Adjusted) l

Insured Commercial Banks
March 25 April 29 May 27

Mutual Savings Banks
March 25 April 29 Hay~2~7

Amount outstanding:
(millions of dollars)
2
6-month money market certificates
(Standard error of the estimate)
~
2-1/2 year and over variable ceiling certificates
(Standard error of the estimate)

198,224
.( 2,260)
34,924
(
957)

200 ,207
( 1,816)
35 ,235
( 819)

206,491
( 1,878)
36, 000
( 954)

14,291
14,291

14 ,282
14 ,282

14, 264
14, 264

462
462

461
461

459
459

95.3

97,4

96.7

100.0

95.1

98.4

51, 969
( 483)
13, 480
( 430)

53 .253
( 597)
14 ,727
( 509)

53 ,833
( 513)
13 ,933
( 463)

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

1/ Estimates for May are based on data collected by the Federal Reserve and the FDIC from a stratified random sample of
"521 commercial banks and 88 mutual savings banks.
2/ Money 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 is related to the
discount yield on the most recently issued 6-month Treasury bill (auction average). See Table 1.16 in the Federal Reserve
Bulletin for specific ceiling rates.
3/ 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. See Table 1.16 in the Bulletin for specific ceiling rates.