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FEDERAL RESERVE statistical release For Immediate Release JQNE 2 0 , 1980 REVISED SERIES* MONEY STOCK MEASURES ANDI LIQUID ASSETS Btll»ons_pf dollar^, seasonally adjusted unless otherwise noted M1-B M1-A Currency plus demand deposits1 Date 1979-MAY Adttendar MI-Aplus other checkable deposits at banks and thrift institutions? Overnight RPs at commercial banks plus overnight Eurodollars3 Money market mutual fund shares NSA NSA M3 M2 MI-Bplus overnight RPs M2 plus large 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 assets^ 355.5 359.4 369.2 373.9 28.7 29.2 21.8 24.6 1449.5 JUNE 1465.9 1679.2 1695.2 2021.1 2048.8 JULY AUG. SEPT. 362.0 364.0 365.9 377.4 379.9 382.2 28.5 28.6 29.8 28.0 31.2 33.7 1478.3 1491.8 1502.9 1709.2 1725.8 1745.5 2063-8 2081.3 2110.0 OCT. NOV. DEC. 366.6 368.0 369.7 382.9 384.2 386.4 28.8 25.7 25.3 36.9 40.4 43.6 1510.1 1516.4 1525.5 1757.8 1765.4 1775.4 2120.4 2126.4 2141.0 1980-JAN. FEB. HA I t . 370.8 373.7 373.1 388.1 391.2 391.2 26.6 27.1 24.3 49.1 56.7 60.4 1534.3 1546.5 1552.4 1786.7 1804.4 1809-6 2155.1 2175.7 2186.4 367.6 368.1 386.6 386.5 20.3 21.8 60.6 65.4 1550.1 1561.2 1810.3 1822.8 28 P 369.1 367.3 368.2 367.2 387.4 385.5 386.5 385.6 21.3 19.4 21.5 23.0 63.0 65.3 67.6 69.2 4 P 11 P 369.6 369.4 388.6 388.9 25.2 21.2 71.2 72.7 APR. HAY P WEEK ENDING: 1980-MAY JUNE 1/ 2/ 7 14 * 21 INCLUDES (1) I)EHAND DEPOSI1IS AT ALL COM MERCT&I. RftNIC S DTWWP TH1W T* wr\CT? nrrv mr\ n m n M M W . T,.7,Z~ . „ „ Z. —»"•»«»-••••••• u«»«w » u i u " » » x n u o n UUE I U UUOISSTXC BANKS, THE U . S . AHD POBEIGH B1NKS AND OFFICIAL INSTITDTIONS LESS CASH ITEHS IH THE PROCESS OF COLLECTIOH AND ^ i ? J L ! ^ N " 0 0 T S I D E THE TREASOEI, F . R . BANKS AND THE VAOLTS OF COBBERCIAL BANKS. £ B 1 S A H I > T H E I F T I N S T I T 0 T I 0 H S ' C R E D I T n B I 0 » S « » « E « » « ^COUNTS AND S o T B A C r ) R P S " E T H ° S E I S S ° E D B T COMBRCIM. BANKS TO THE NONBANK P0BLIC, AND H SE I S S E D BY CABIBBEAM ° ° BRANCHES OF HEHBER BAHKS TO U . S . NONBANK COSTOHERS. * R E T H ° S E I S S ° E D I B 4 B O 0 » T S OF LESS THAN $ 1 0 0 , 0 0 0 . M2 WILL DIFPER FROM THE SOB OP N S a B S E Q E H T T A B L E S BY ° * CONSOLIDATION ADJ0STHENT THAT HAS BEEN HADE TO AVOlS E 6/ AND LIQUID SECURITIES, ASSETS. cSSSLISS I S S 0 E D I N iB0DHTS XHE 0 F D I F F E R E N C E R E P R E S E N T S T H E iaooNT 0 F D E M A N D D E P 0 S I T S * 1 0 0 , 0 0 0 OR 8ORE AND ARE NET OF THE HOLDINGS S S H I J I S I I T D T I 0 I I S ' T H E ° - S - GOVERNHENT, 8ONET MARKET MOTOAL FOHDS AND FOREIGN I »STIT0TI0HSTERH RPS ARE NET OF RPS HELD BY MONEY MARKET MUTUA1 FUNDS. ^ B T H E H N ° r A S K P t J B L I C ' S HOLDINGS OF U . S . SAVINGS BONDS. SHORT-TERH TREASURY PAPER, AND BANKERS ACCEPTANCES NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE H.6 (508) Table 1A MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted M1-A Currency plus demand deposits1 Date MI-Aplus other checkable deposits at banks and thrift institutions 2 M2 Addenda: M1-B Overnight RPs at commercial banks plus overnight Eurodollars^ Money market mutual fund shares M3 MI-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 institutions^ commercial banks and thrift institutions* L M3pkjsoth#r liquid aaetflG 350.0 358.4 363.6 373.0 28.7 29.2 21.8 24.6 1446.7 1468.1 16 7 5 . 4 1695.0 2018.4 2047.5 JULY 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 17 22.9 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 1527.2 1758.4 1762.0 1780.7 2113.6 2124.8 2143.5 1980-JAN. FEB. MAR. 375.6 365.5 366.3 392.9 383.0 384.4 26.6 27.1 24.3 49.1 56.7 60.4 1537.7 1538.4 1549.3 1792.0 1796.4 1807.4 2161.7 2173.2 2187.0 370.9 362.5 389.9 380.9 20.3 21.8 60.6 65.4 1558.3 1558.3 1816.4 1818.8 7 14 21 28 P 365.5 363,1 361.5 357.7 383.7 381.4 379«9 376.1 21.3 19.4 21.5 23.0 63.0 65.3 67.6 69.2 4 P 11 P 367.2 371,8 386.2 391.3 25.2 71.2 72.7 1979-MAY JUNE APR. MAY P WEEK ENDING: 1980-MAY JUNE NOTE: SEE TABLE 1 FOR FOOTNOTES. 21.2 H.6 (5G8) Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Nfcont change at seasonally adjusted annual r a f f M1-A Data Currency plus demand deposits 1 MAY FROM: FEB. 1980 (3 MONTHS PREVIOUS) NOV. 1979 (6 MONTHS PREVIOUS) MAY 1979 (12 MONTHS PREVIOUS) FOUR WEIKS ENDING: JUNE 1 1 , FROM FOUR WEEKS ENDING: -6.0 M1-B M2 MI-Aplus other checkable deposits at banks and thrift institutions2 M1-Bplus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits at commercial banks and thrift institutions* 3.8 4.1 0.1 1.2 5.9 6.5 3.5 4.7 7.7 8.6 1980 -5.5 12, 1980 (13 WEEKS PREVIOUS) DEC. 12/1979 (26 WEEKS PREVIOUS) 0.4 1.6 JUNE 13, (52 WEEKS PREVIOUS) 3.2 4.3 NOTE: SEE TABLE 1 FOR FOOTNOTES. M2 plus large time deposits and term RPs at commercial banks and thrift institutions^ -4.8 MAR. 1979 M3 -4.1 H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Date Currency 1 Demand deposits 2 Other Overnight checkable deposits3 RPs (net) 4 Overnight Eurodollar NSA NSA 101.8 254.7 257.6 13.6 14.6 25.9 26.3 NSA 2.8 2.9 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 OCT. NOV. DEC. 105.5 105.9 106.3 261.1 262.1 263.4 16.3 16.2 16.7 1980—JAN. FEB. MAR. 107.3 108.1 108.9 263.5 265.6 264.2 109.0 110. 1 7 14 21 28 P 4 P 11 P 1979—MAY JUNE 100.9 APR. MAY P Money market mutual funds 6 NSA Savings deposits at at thrift commercial institutions banks total Small ^denomination time deposits? at *t commercial thrift total banks institutions 21.8 205.1 24.6 205.9 243.4 243.9 448,6 449.8 206.1 210,0 3 77.-8 381.0 583.9 591.0 3.0 3.3 3.6 28.0 31.2 33.7 206.4 206.5 204.9 244^5 241*9 240.5 450.9 450.4 445.4 2t3^3 3§2.9 3 36,5 222^1 3 £2.5 596.2 604,4 614.6 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 5.2 222.4 436.0 421.3 416.6 2273 237,0 241 .5 '400*9 4*0.8 415.0 628.4 647.8 656.5 17.3 17.6 18.1 22.6 23.0 20.7 4.1 4.1 3.6 49.1 56.7 60.4 192.2 188.6 183.0 219*6 214.5 208.9 %11.7 403.1 391.9 245JS9 •4-15.8 • &20.1 427.4 661.7 671.3 687.5 258.6 258.0 19.0 18.4 17.6 19,1 2.7 2.8 60.6 65.4 176.4 175.4 202.2 198. 6 378.5 374.0 271.9 275.1 110.1 109.7 109.9 110.7 259.0 257.6 258.3 256.5 18.3 18.2 18.4 18.4 18.9 17.0 18.9 19.9 2.4 2.4 110.4 110.6 259.2 258.8 19.0 19.5 22.1 18.6 251^2 260.^1 ^35.1 441.3 707.0 716.4 WEEK E N D I N G : 1980- MAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 2.7 3.1 174.2 174.6 175.5 176,1 274.8 275. 1 275.3 275.3 3.1 2.5 177.1 179,0 275.0 274.8 CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL #£ DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE Dt$B TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FwR. FLOAT. INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAJPT BALANCES AND DEMAN& 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 KUTUAL FUNDS. ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. TOTAL MCNEY 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 of dollars, seasonally ad usted unless otiherwrse noted Large denomination time deposits l at thrift at commercial Date banks2 institutions total term RPt3 at commercial banks NSA at thrift institutions NSA total NSA Term Eurodollars (net)4 NSA Savings bonds Short-term Treasury Bankers securities^ acceptances^ Commercial 178.9 176.4 19.2 20.4 198.2 196.8 25.4 26.0 6.1 6.4 31.5 32.4 29.6 29.9 80.6 80.4 122.5 131.4 21.0 21.5 88.2 90.4 JOIY 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 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 7.3 32.0 32.2 33.7 95.7 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 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 1980—JAN. FEB. MAE. 190.6 195.1 196.1 31.9 33.5 34.1 222.5 228.6 230.1 23,3 22.7 20.6 6.6 6.6 6.6 29.9 29.2 27.1 34. 1 37.5 37.7 79.2 78.1 76.8 127.6 128.8 133.7 28.4 27.6 28.8 99.0 99.3 99.8 198.4 198.9 34.9 35.8 233.3 234.8 20.4 20.3 6.5 6.5 26.9 26.8 1.979—MAY JUNE APR. MAY P WEEK E N D I N G : 1980- 1/ 2/ 3/ 4/ 5/ 6/ 7/ MAY 7 14 21 28 P 200.6 200.3 198.4 196.7 20.6 21.4 19.0 20,1 JUNE 4 P 11 P 194.7 195.0 20.6 23.2 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 seasonally adjusted ' Date Currency 1 at member banks? Demand deposits at foreign at domestic related non member banking banks3 offices in the U.S.-* Other checkable deposits total at commercial banks* at thrift institutions 6 total Overnight RPs(net)? Money market Overnight Eurodollars 8 mutual funds9 100.7 101.9 161.1 165.9 83.1 85.2 5.1 5.5 249.3 256.6 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 0C2. NOV. 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. FEE. MAR. 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. 1 17.3 17.6 18.1 22.6 23.0 20.7 4.1 4.1 3.6 49.1 108.7 109,9 168.6 161.6 87.5 84.5 6.1 6.4 262.2 252.6 14.9 14.3 4. 1 4. 1 19.0 18.4 17.6 19.1 2.7 2.8 60.6 65.4 1979—MAY JUNE APE. MAY WEEK 1930- 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ P 56.7 60.4 ENDING: MAY 7 14 21 28 P 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 18.2 18.4 18.4 18.9 17.0 18.9 19.9 2.4 2.4 2.7 3.1 JUNE 4 P 11 P 110.3 111.7 164.3 166.3 85.9 87.5 6.7 6.2 256.9 260.1 14.9 15.4 4. 1 4. 1 19.0 19.5 22.1 3.1 i 2.5 j 18.6 CURRENCY OUTSIDE 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 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 HUTUAL FUNDS. ISSUED BY CARIBBEAN BRANCHES OF U.S. HEMBER BANKS TO U.S. NONBANK CUSTOMERS. TOTAL MCNEY MARKET MUTUAL FUND SHARES OUTSTANDING. H.6 (506) Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonal! j adjusted Small denomination time deposits1 at at mutual savings banks credit unions Savings depoeits at commercial banks Date 1979—MAY JUNE at savings and loans at mutual at savings banks credit unions total at commercial banks 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 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 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 58.9 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 80.6 81-6 83.3 11.1 11.9 12.9 662.8 674.5 690.9 178.0 176.5 106.8 104.9 55.5 54.5 40.6 39.7 380.9 3 75.7 272.2 276.2 339.2 341.5 84.4 85.2 13.8 14.6 709.6 717.5 AEE. MAY P WEEK E N D I N G : 1980- 1/ MAY 7 14 21 28 P 175.2 175.9 176.8 177.3 275.6 276.2 276.4 276.4 JUNE 4 P 11 P 178.3 180.0 276.4 276.1 , SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. 5.0 5.6 7.9 584.7 591.5 596.7 603.1 613.2 H.6 (506) Table 3 A—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Date Large denomination time deposits'1 at at mutual commercial savings total at savings banks2 banks and loans Term RPs3 at commercial banks at thrift Institutions total Term Eurodollars (net)4 Savings bonds Commercial Bankers Short-term paper7 Treasury acceptances^ securities^ 178.0 173.8 18.6 2.0 2.1 197.2 194.5 25.4 26.0 6.1 6.4 31.5 32.4 29.6 29.9 80.6 80.6 122.2 129.1 21.5 21.8 89.0 91.1 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 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 0C1. 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 23.5 23.8 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 1980—JAN. FEB. MAR. 193.3 196.1 197.6 28.4 29-9 30.6 2.8 2.8 2.8 224.4 228.8 231.0 23.3 22.7 20.6 6.6 6.6 6.6 29.9 29.2 27.1 34.1 37.5 37.7 79.2 78.2 76.8 130.2 132.1 135.4 27.5 28.9 29.8 98.7 100.1 99.8 196.8 198.0 31.6 32.8 2.8 2.9 231.3 233.6 20.4 20.3 6.5 6.5 26.9 26.8 1979—MAY JUNE APR. MAY P 17.1 VEEK ENDING; 1980- MAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 7 14 21 28 P 198.4 198.7 198.0 196.9 20.6 21.4 19.0 20.1 4 P 11 P 193.8 192.8 20.6 23.2 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 BUNKS f F.R. B&NKS, FOREIGH 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 (60§) Table 4 MEMORANDA ITEMS BHIiont of dollari, not seasonally adjusted Demand deposits at banks due to Date foreign commercial banks 10.1 1979-MAY JUNE 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 deposits and note balances time and savings deposits at commercial banks 10.0 9.9 2.4 3.3 3.3 6.0 3.5 7.3 11.7 14.1 1.0 1.0 3.1 2.9 2.7 9.9 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 11.5 11.6 12.2 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 11.8 12,0 12.7 3.6 3.3 3.2 9.4 8.8 8.8 3.0 2.7 2.7 3.1 3.4 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 2.6 2.6 2.8 5.4 5.9 11.6 11.3 0.7 0.6 7 14 21 28 P 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 5.7 13.7 9.6 11.4 10.5 0.7 0.6 0.6 0.6 4 P 11 P 12.1 12.5 3.0 2.8 10.0 10.0 2.7 2.3 3.9 2.9 4.4 3.4 11.0 8.6 0.6 0.6 10.6 3.1 3.3 JULY AUG. SEP1. 11.0 10.8 11.3 OCT. NOV. DEC. 1980-JAN. FEB. MAR. APH. MAY P WEEK ENDING : 1980—MAY JUNE 10 TABLE 1 MONEY STOCK MEASURES AMD LIQUID ASSETS BILLION3 OF DOLLARS (NOT SEASONALLY ([SEASONALLY ADJUSTED* [ M1-& 1 | I [ CURRENCY PLUS DEMAND DEPOSITS "5 1 1977 JAN««. ( FEB- . . I K£R. • • I APR--n ! I 1 MAY. • . JUN JUL... I AUG... I SEP... I OCT... I NOV... I DEC... | 1978 1979 JAN.-. FEB... MAR... APR. . . 1AY... JUN. . . JUL... AUG... SEP. . . OCT NOV... DEC... | | | | | | | I | JAN... FEB... | MAR.-. APR... MAY... JUN...| JUL... AUG. . . | SEP. . . I OCT. . . . | NOV... | DEC.-.I 307.6 309.9 311.6 314.0 314.7 316.1 | 318nO 319.2 321.7 324.0 326.5 328.4 332.0 332.0 333.5 337.0 339.9 342.2 343.5 344.9 348.7 349.3 350.7 351.6 350.1 350.0 351.9 356.1 355.5 359-4 362.0 364.0 365.9 366.6 368.0 369.7 | j | ] | 1 | | | j | I | ? | M1-3 Y2 "jL_ M3 1 .. ^ ... .11. M-1A PLUS | H-1B PLUS | M-2 PLUS | M-3 PLUS | | OTHER OTHER I i OVERNIGHT LARGE F.?"S AND CHECKABLE LIQUID J 1 TIME DEPOSITS ASSETS I i DEPOSITS m$? AND SAVINGS AND AND SMALL TERM RP"S I TIME 310.4 312.8 314.6 317.0 317.8 319.3 321.4 322.3 325.3 327.8 330.4 332.5 33 6.2 336.2 337.8 341.6 344.6 347.0 348.4 349.9 353.8 354.5 357.3 359.9 360.0 360.7 3 63.9 369.6 369.2 373.9 377.4 379.9 382.2 382.9 384.2 386.4 „. 1179-4 1191.9 I I I I 1 I I 1 | I 1203.2 1214.6 1225.7 1234.5 1244.1 1254.3 1264.7 1274.9 1285.5 1294.1 1302.6 1308-0 1316.4 1325.0 1333.7 1342-0 1349.7 1360.2 1372. P. 1383.4 1393.6 1401.5 140 7*5 1413.8 1tt?6«6 1441.2 1449*.~ 1&7flr, 3 1**01.8 '502.9 15VK1 1516.4 1525.5 I | | I | f j P 1310.9 1324.5 1336.9 1348.6 1362.6 1374.8 1387.8 1402.2 1415.7 1429.8 1447.3 1460.3 1471.9 1482.3 1497.2 1 511 • t\ 152 6.5 153 6.7 1549.0 1564.3 1579.6 1591.5 1611.7 1623.6 1631.9 1642.3 1654.6 166 9.1 1679.2 1695.2 1709.2 1725.3 1745.5 1757.8 1765.4 1775.4 I | \ I ! I S ! | I ! 1534.5 1551.3 1566.5 1581.0 1597.4 1611.5 1626.8 1645.: 1664.1 1680.1 1698.6 1715.5 |! 8I |1 JJ || |I g || |! ]i I| I1 1729.7 |I 1743.9 | fI 1762. B Jl | 1731.4 J ! 1801.2 | I 1815.4 |! 1830.1 I | 1848.9 | | 1870.8 | | 1883.1 |! 1906.5 I 1 1927.7 | 1 1939.4 ! I ! \ , \ 5 J | i| 1954.8 |I 1978.3 |J 2000.7 f 5 2021.1 || 2048.7 \ 1 20 5 3 . ? H f 2 0 8 1 . 3 j •1 2110.C p S 2120.ft j ! 2126 - 4 | \ 214'.0 |\ . _ Ml-A ! CURRENCY PLUS : DEMAND ! DEPOSITS M1-L! i ——— ADJUSTED) Jf^r* "j TTflE 315.1 312.3. 303.4 | 306.6 316.3 309.7 315.3 319.5 317.4 321.C 325.J2 328.8 337.2 | | | ! | j | | 3 336.4 324,9 327.6 339.9 334.6 341.3 345.3 343.1 348.3 350.9 353.2 360.9 354.7 342.2 345.5 359.3 350.0 358.4 364..0 361.9 365.4 363.2 370.6 379.2 | | | | | | ( | | | | I || | | 8 I I | S | I | 213, _ ^ L_ j M-2 PLUS | M-3 PLUS LARGE | OTHER TIMS | LIQUID DEPOSITS \ ASSETS AND [ SA7I3GS ] TERM RP"S! AND SMALL M-1A PLUS | H-1B PLUS I OTHER | O7BRHISHT | 3RP"S AND ' CHECKABLE MMMF AND ! DEPOSITS 306.3 309.6 319.9 312.8 318.5 322.9 320.9 324.7 329.1 332.7 341.3 340.6 329.1 331.9 344.5 339.2 346.1 350.2 348.1 353.4 356.1 359.7 369.3 364.7 353.0 357.5 372.9 363.6 373.0 379.3 377.7 381.8 384.5 386.8 396.0 | 11S1.6 1134.3 1201*4 I | 1 1222.7 1224.2 1237.8 1250.1 1253.0 1263-2 1274.3 1281.4 1i95-9 1335.3 1355.6 1360.5 1376.6 1392.3 1400.9 1414-1 1429.6 1443.6 1464.5 1304.4 1299.5 1313.3 1332.8 1331.6 1344.7 1356.1 1358.7 1371.9 1383.6 1389.3 1403.7 1475.4 1&74.1 1494.8 1517.8 1523.5 1537.2 1553.0 1562.3 1578.3 1592.2 1608.4 1629.2 1636.6 1634.3 1652.7 1675.6 1675.4 1695.0 1712.4 1722.8 1743.4 1758.4 1762.0 1780.7 | | | | I ! | | I I I 5 [ | 5 | 5 | I | 1410.0 1405.3 1423.3 1449.4 1446.7 1468.1 1484.1 1489.2 1501.4 1510.1 1511.8 1527.2 I J 1314.4 1317.1 | | | | I | | | | | | | | I | | | | I I | I | | | | 1539.2 1546.6 1566.6 1588.7 1595.4 1611.9 1630.2 1643.2 1659.1 1678.7 1696.5 1718.5 1 | | | | | | | | | | I I I 1734.3 1738.9 1762.2 1788.7 1798.8 1815.0 1833.3 1846.5 1864.9 1882.0 1904.7 1931.1 | | | | | | | | | | | \ I | I I | I I | | | | I 1945.0 1950.8 1978.3 2008.6 2018.4 2047.5 2065.6 2077.3 2101.3 2118.6 2124.8 2143.5 | | I I | | ! | | | | | | j | | | 11 TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS CURRENCY 1977 JAN... FEB. . . MAR...| APR. . . MAY... JON.••| JUL... AUG SEP... OCT...| NOV.,. DEC. . . ! 81.3 81.9 82.4 83.1 83.6 84.1 85.1 85.6 86.4 87.1 87.9 88.7 JAN...| FEB... MAR... APR... MAY... | JUN... JUL. . . AUG... SEP... OCT... NOV... DEC... 89.2 90.0 90.8 91.2 92.1 92.8 93.4 94.1 95.0 95.9 96.7 97.6 DEMAND DEPOSITS I | | 226.4 228.0 229.2 230.9 231.1 231.9 232.9 233.7 235.3 236.8 238.6 239.7 I SAVINGS DEPOSITS AT AT TOTAL COMMERCIAL THRIFT I BANKS I INSTS. j 204.3 206.9 20 8.7 210.5 211.7 212.5 213.3 214.7 215.6 216.9 217.3 217.8 I I I 249.4 251.2 252.4 254.2 255.4 257.2 259.1 261.5 263.4 266.3 267.1 268.7 | | | I | | | 453.7 458.2 461.1 464.7 467.1 469.7 472.4 476.2 479.0 483.2 484.4 486.5 SMALL TIME DEPOSITS AT | AT | | COMMERCIAL| TOTAL THRIFT | BANKS jL I N S T S . J I | I | | j I 159.3 160.6 162.6 164.3 166.3 167.6 168.5 168.4 168.9 168.8 169.7 170.7 | | | | | | I | | | | 242.4 246.0 249.7 253.4 257.2 261.2 265.0 269.0 273.0 276.8 281.1 284.2 | | | | | | | 401.8 406.6 412.3 417.7 423.4 428.8 433.4 437.3 441.9 445.6 450.8 454.9 1 | I | | | | 1 ! 1 i | | | | • 1978 1979 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG SEP... OCT... NOV.-. DEC... | | | | I | | | | 98.2 98.9 99.6 100.2 100.9 101.8 102.6 103.7 104.7 105.5 105.9 106.3 I 242.8 242.0 242.7 245.8 247.9 249.4 250.1 250.8 253.7 253.5 254.0 253.9 I | | | | | | | I I 251.9 251.1 252.3 255.9 254.7 257.6 259.4 260.3 261.2 261.1 262.1 | 263.4 | I | I I I | | I | | | | | | I I | 218.7 219.1 219.3 219.8 220.3 221.2 220.1 220.3 221.0 221.4 219.0 216.1 212.5 209.9 207.8 206.2 205.1 205.9 206.4 206.5 204.9 202.0 196.1 194.2 | | I I | I 270.4 271.2 272.3 272.4 272.4 271.4 268.6 267.9 267.6 267.4 263.1 259.9 I | | | | | I I | | I | 255.6 250.8 249.2 246.1 243.4 243.9 244.5 243.9 240.5 234.0 225.2 222.4 I | | I | | 489.1 490.3 491.6 492.1 492.8 492.6 488.7 488.1 488.6 488.9 482.1 476.1 I J I | | I | | | I I 468.1 460.7 457.0 452.3 448.6 449.8 450.9 450.4 445.4 436.0 421.3 | | | | | | 416.6 I I | | | | | | 171.8 172.6 173.4 174.1 174.7 176.1 178.0 179.4 181.5 183.6 186.3 187.8 | | I | | 285.6 287.7 290.8 294.1 297.2 303.1 310.4 316.3 322.1 328.7 338. 1 346.0 | | | I | { ! I 352.7 360.3 367.4 373.7 377.8 381.0 382.9 386.5 392.5 | | | 400.9 410.8 415.0 | I || I | | | I I I I I I 193.6 195.6 198.1 202.4 206.1 210.0 213.3 217.9 222.1 227.5 237.0 241.5 | 457.4 | 460.3 | 464.2 | 468.2 | 471.9 1 479.2 | 488.3 | 495.7 J 503.6 | 1 512.3 I | | | | | I 524.5 533.8 j | | I | | | I I ! | | 1 | 546.3 555.9 565.6 576.1 583.9 591.0 596.2 604.4 614.6 628.4 647.8 656.5 | | | | | | | | | I | | 12 TABLE 3 COMPONENTS OF MONEY STOCK MEASORFS AND LIQUID ASSETS (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED) AT 1977 1978 | JAN... | FEB... | MAR... | APR... MAY... | JUN. I JUL. ..| AUG. .. SEP... | OCT... I NOV... DEC... COMMERCIAL BANKS 109.8 110.5 110.6 110.6 110.9 114.4 117.3 120.2 122.6 LARGE TIME DEPOSITS | AT THRIFT I INSTITUTIONS ] 7.8 7.8 | | 7.9 8.1 | 8.4 | 8.5 | 8.8 126.4 I I I 9.1 9.3 9.5 131.2 135.0 | I 9.8 10.2 JAN... FEB. .. MAR... APE... MAY... JUN. .. JUL.•• AUG... SEP... OCT... NOV... DEC. .. 138. 1 142.0 146.8 151.6 156. 1 159.5 162.8 165.7 168.1 168.4 176.3 178.5 JAN... FEB... MAR. •• 180. 4 183.2 181.9 180.2 178.9 176.4 177.1 178.9 184.9 188.9 190.3 189-1 | | | 10.7 11.3 11.8 12.5 13.1 13.3 13.7 14.2 14.7 15.1 15.6 16.2 I | | | | | | | | TOTAL 117.6 118.3 118.5 118.7 119.2 123.0 126.2 129.3 131.9 135.9 141.0 145.2 148.8 153.2 158.6 164.0 169.2 172.8 176.5 179.8 182.8 183.5 191.9 194.7 SHORT-TERM TREASURY SECURITIES SAVINGS BONDS L | j | j | | ] | | | | | | | , 72.2 72.6 73.0 73.4 73.8 74.1 74.3 74.6 75.3 76.7 76.3 76.6 77.0 77.4 77.8 78.2 78.7 78.8 78.6 78.9 79.8 81.5 80.4 80.7 JL. BANKERS ACCEPTANCES J ,. , 1 9.9 I 78.9 80.6 81.7 82.5 82.9 I I I 82.6 83.4 85.2 | I 88.6 87.3 87.1 89.5 I | I I I I | | I | 89.1 89.9 91.5 92.4 93.8 94.5 94.2 94.9 100.0 96.3 94.3 | | | | | | | | 13.0 13.8 14.4 15.0 15.4 15.9 16.6 17.0 17.1 17.7 20.4 I 98.7 I 22.6 I I I I I I | | I | | 98.8 100.4 108.2 114.2 122.5 131.4 128.8 123.0 128.1 123.7 122.1 127.5 | 10.5 j I | I I | | 10.6 10.7 10.9 11.2 11-2 11.4 11.7 11.9 12.1 12.3 1 | L) | COMMERCIAL PAPER __ I I I | 52.3 52.7 53.5 54.7 55.7 57.5 58.2 I 59.0 | | | | 60.0 61.5 62.3 63. 1 | | | | I | | I | I | | 64.6 | 65.2 I 65.9 - 67.6 | | I I I I I I 69.1 70.2 71.2 72.1 73.3 75.0 | | f | | 1 | 1 76.8 79.4 | | I | | | | I I I I | I 81.2 83.1 85.0 86.6 88.2 90.4 91.8 93.6 95.7 96.4 96.0 ' 97.3 | | | | I | \ I | | | | I i 1979 APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 17.0 17.8 18.1 18.5 19.2 20.4 21.8 22.9 24.1 25.9 28.2 30.3 | | | | | | | | i 197.4 200.9 200.0 198.6 198.2 196.8 198.9 201.8 208.9 214.8 218.5 219.4 | | | | | | i 80.6 80.6 80.5 80.6 80.6 80.4 80.0 80.0 80,6 82.2 80.3 80.0 i | | | | | | | | | 22.4 21.4 21.3 21.1 21.0 21.5 22.6 25.0 26.6 t 27.1 | | 28.6 28.9 • 13 TABLE 4 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) _DEflAND L DEPOSITS OTH£R_CHECKABLE DEPOSITS I AT AT CURRENCY 1977 DEC... , 80.7 80.9 81.7 82.9 83.5 84.3 85.7 85.8 86.2 87.0 88.5 90.3 JAN... FEB. . . MAR...j APR...| MAY... JUN...! JUL... AUG... SEP. . . | OCT...| NOV...| DEC... 88.6 88.9 89.9 90.9 91.9 92.9 94.0 94.3 94.9 95.7 97.4 99.4 | | | | | JAN... FEB...! MAR...| APR. . . j MAY...| JUN..., JUL... AUG... SEP. . . OCT. . . j NCV... DEC... 97.5 97.7 98.7 99.9 100.7 101.9 103.2 103.9 104.5 105.2 106.6 108.2 ! | | | | JAN.-. FEB... MAR.,.. APR..., MAY... JUN... JUL... AUG. . . ! SEP. . . OCT.-.| NCV. . . I 1978 1979 AT MEMBER BANKS j | j | | | | | | | | | | 160.0 153.6 155.1 160.8 154.7 157.7 159.4 158.0 159.5 161.9 162.2 167.3 DOMESTIC NONMEMBER BANKS L _.. , 67.2 64.8 65.8 69.3 67.7 69.6 70.0 69.0 70.6 71.5 73.1 75.3 167.8 158.5 160.1 167.1 162.7 165.8 168.0 166.3 168.1 169.1 167.8 171.5 75.5 72.8 73.2 77.0 75.4 77.9 78.7 78.0 80.4 81.3 83.0 84.8 168.5 159.1 160.4 168.5 161.1 165.9 169.1 167.2 167.9 169.0 169-5 175.3 83.3 80.5 81.2 86.0 83-1 85.2 86.2 85.3 87.3 87.9 88.5 90.2 | | | | J ; | | | | | | | FOREIGN | AT | RELATED | COMMERCIAL! BANKS I BANKING i OFFICES s I I N THE U . S . ]L _ I 11 . 4 1.4 1.5 11.5 11 . 4 11 . 5 I 1.6 I | I | 4.4 1.6 1.7 1.8 1.8 1.9 4.5 4.7 4.3 4.9 4.5 4.8 4.6 4.5 5.0 4.9 4.9 5.2 1.9 1.9 2.0 2.1 2.0 2.1 2.1 2.2 2.3 2.3 3.6 5.3 4.3 4.1 3.9 3.8 3.8 3.8 | | I j | 4.4 4.6 4.7 4.9 | 4.9 I 5.4 4.9 5.2 4.9 5.1 5.5 5.4 5.4 5.7 6.0 6.0 5.5 I | | | | ! I | I 6.8 7.7 8.8 10.1 10.1 11.0 11.7 12.1 12-5 12.5 | I 12.4 12.8 ] j j | j | | | | OVERNIGHT 1 RP"S I | AT THRIFT INST GROSS | NET 12.5 12-9 | | 13.7 I 13.7 15.9 15.2 15.4 16.4 16.7 16.4 18.0 17.9 | | | 12.4 12.8 13.6 13.5 15.7 15.0 15.2 16.2 16.5 16.2 17.7 17.6 I 1 I | | | | | 1 | | | { I | I 17.3 17.8 18.7 18.5 19-3 17.5 18-2 19.7 19.4 19.8 21.2 22.2 17.0 17.5 18.5 18.2 19.0 17.2 17.9 19.3 19.0 19-5 20.9 21.9 | | | | | I | | | I | | I I ! ! i 1 ! I I I 21.8 22.6 23,5 24.3 26.5 27.1 26.2 26.2 27.4 26.8 { S 24.5 24.1 21«2 21.9 23.1 23.9 25.9 26.3 25.5 25.3 26.2 25.3 22.5 21.7 ! | I i I | \ I | | | | TOTAL | 1.4 1.5 1.5 1.6 1.7 1.7 1.8 1.9 2.0 2.1 2.1 2.2 2.8 2.9 3.0 3.1 3.1 3.2 3.4 3.5 3-7 3.8 3.9 1 f | | | I | | | j I | 2.3 2.3 2.4 2.6 2.6 2.7 2.8 2.8 2.8 2.9 3.0 3.1 4.2 4.2 4.3 4.6 I | | | | I | 3.1 3.1 3.2 3.4 3.5 3.6 3.7 3.8 I I | I 3.8 3.8 3.9 3.9 4.1 I 4-7 4.8 4.9 | | I I | I 5.0 5.1 | | | 5.2 6.6 8.3 | \ | ! 9.9 10.8 12.0 13.6 I 13.6 ] | 14.5 15.4 I I 15.9 16.3 I | | 16.3 16.2 16.7 | I 14 TABLE 5 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) - - | OVERNIGHT EURODOLLARS 1977 1978 1979 JAN.,. FEB MAR. . APR. . . MAY.,. JUN... JUL... AUG SEP OCT... NOV. . . DEC... | | | | I 0.6 | | JAN.,. FEB.,. MAR. . . | APR I MAY. . . JUN... JUL... AUG,,. SEP. . . OCT NOV... DEC. . . JAN.,. I FEB. . . MAR APR. . . MAY.., JDN. . . JUL... AUG... SEP... OCT... NOV. . . 1 DEC. . . 0.0 0.1 0.2 0,3 0.4 0.5 0.5 0.7 0.8 MONEY MARKET MUTUAL FUNDS | I I 2.3 2.6 2.8 2.8 2.8 2.9 3.0 3.3 3.6 3.5 3.2 3.6 | I j | S5L S 215.8 75.0 75.7 75.7 76.1 76.4 76.4 76.7 76.8 76.7 77.0 217.7 218.1 220.1 221.8 222.0 222-0 221.5 220.7 220.6 220.6 217.4 214.1 146.0 146.0 147.6 148.2 147.9 147.8 146.3 144.9 144.5 143.4 140.2 137.7 77.1 77.0 77.5 77.6 77.4 76.9 75.8 74.9 74.6 73.8 72.3 71.1 45.2 45.8 46.8 47.6 48.0 48.8 49.0 48.8 49.3 49.6 49.5 49.9 486.1 486.8 492.0 495.2 495.2 495.6 492.7 489.3 489.0 487.4 479.4 4 72.9 134.8 132.0 132.1 131.2 129.9 131.0 132.1 131.4 129.4 124.8 119.6 118.1 69.5 68.0 67.8 67.2 66.5 66.7 66.6 65.9 65.0 62.9 60.7 59.9 49.3 48.4 48.9 48.5 47.6 48.1 48.0 47.3 46.8 45.6 44.1 43.5 465.2 457.2 457.3 455.0 450.5 452.4 454.3 451.2 445.7 434.6 419.2 413.8 j 5.3 5.8 6.3 6.8 7.2 7. 8 I I | | | I I | | | 10.3 I 12.1 14.5 16.8 19.2 21.8 24.6 28.0 31.2 33.7 36.9 40.4 43.6 I | 8.4 8.9 9.4 I | | | | | | | I TOTAL 74.0 74.2 215.7 3.4 3,4 AT 135.4 136.1 137.6 139.4 139.8 141.5 142.9 143.4 144.3 145.2 145.2 145.8 1 I 3.6 3.5 | | I | | I I | I SAVINGS DEPOSITS AT MSB"S CREDIT UNIONS 38.3 38.8 39.7 40.3 40.8 41.8 42.3 42.3 42.9 43.6 44.0 44.7 | 3.8 3.7 4.2 4.8 1.5 1.6 1,7 1.7 1.8 1.9 2.0 fl | 1.1 1.1 I | | | I | AT 203.4 206.0 209.7 212.6 213.3 213.5 214.7 215.1 215.0 215.9 3.8 0.9 1.0 1.2 AT COMMERCIAL I BANKS 3.6 | 3.5 3.5 3.6 3.8 1-3 1.4 I 211.5 208.7 208.6 208.1 206.5 206.7 207.6 206.7 204.5 201.3 194.8 192.4 | | | I | I j 451.0 455.1 4 62.0 468.0 469.5 4 72.8 476.2 477.3 479.0 481.5 481.6 483.2 15 TABLE 6 COMPONENTS OF MONJSI STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) SMALL | AT I {COMMERCIAL I | BANKS I 1977 1978 1979 JAN... | FEB.™. I MAP.. . • APR... | MAY... | JUN. . . JUL... AUG... SEP... OCT... NOV... DEC.-. 158.9 161.3 163.4 164.8 166.9 168.4 168.6 168.4 168.9 169.3 168.3 169.0 JAN,.. FEB.-.| MAR. . . APR... MAY..*! JUN.•.! JUL... AUG... SEP... | CCT»..| NOV. . . DEC. . . j 171.3 173.1 174.1 174.2 175.4 177.0 178.1 ,179.2 181.7 184.2 184.8 185.9 JAN... FEB.*. MAR. . . 193,0 196.2 198.7 202.6 206.9 211.0 213.5 217.6 222.1 228.0 235.1 239.0 A x. i\ . « « MAY I JUN...| JUL...J AUG. . . i SEP... OCT. . . j NOV... DEC... L I I I I I I I 1 I I ! | I I I I I I I | I I DENOM INATION TIME AT S&LflS 196.0 199.7 203.0 206.3 208.5 211.5 215.0 217.6 220.9 224.2 226.2 229.0 J j AT MUTUAL SAVINGS _ BANKS 47.0 4 7.6 48.2 48.5 48.9 49.7 50.4 50.8 51.3 52.0 52.6 53.2 | | | I DEPOSITS AT CREDIT UNIONS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 232.5 234.5 237.0 239.6 240.7 3 244.8 250.8 254.4 | 258.7 264.2 | 269.6 275.8 54.0 54.6 55.2 55.7 56.1 57.3 59.2 60.2 61.3 62.8 64.6 66.6 0.1 0.2 0.3 0.4 0.6 0.7 0.8 0.9 283.3 289.1 294.3 298.3 299.2 301.1 302.9 304.0 307.9 314,4 319.5 322.4 69.0 7 0.9 72.4 73.4 73.6 73.8 74.0 74.3 75.4 77.1 78.6 79.7 1.8 2.4 3.0 4.0 5.0 5.6 6.3 7.1 7.9 8.7 9.5 10.3 j | no | I | | | | I 1.2 1.3 | 1.4 j | | | | TOTAL 401.9 408«6 414.6 419.7 424.4 429.7 434.1 436.8 441.1 445.5 447.1 451.3 457.8 462.4 466.6 470.0 472.8 479.8 488.9 494. 8 502.7 512.4 520.3 529.8 547.1 558.6 568.4 578.3 584.7 591.5 596.7 603.1 613.2 628.2 642.7 651.5 _ I 1 LARGE DENOMINATION TIME DEPOSITS AT j 1 AT | I TOTAL | AT | |COMMERCIAL| MUTUAL | BANKS 5&L"S SAVINGS I BANKS | | , mmmmmm,m ,,,,,.LL _,„ 1 | | | | | | I | I | | | ! | | | | 111.3 110.8 110.9 109.6 110.4 112.9 115.6 119.8 122.2 126.6 131.8 137.7 | I I I | | | | 6.8 6.8 7.0 7.2 7.4 7.8 8. 1 8.4 8.6 8.7 8.7 8.9 | | | | j 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 140.1 142.5 147.6 ] 150.3 | 155.4 J 157.1 | 160.2 164.8 167.3 168.7 177.4 182.4 9.3 9.9 10.4 11. 1 11.7 12.2 12, 6 13. 1 13.5 13.7 13.9 14. 1 1.1 1. 1 1.2 1.2 1.3 1.3 1.4 1.5 1.6 1.6 1.7 1.7 182.9 184.1 183.3 178.8 178.0 173.8 174.1 177.9 183.6 189.1 191.6 193.5 14. 8 15.5 15.9 16« 3 17. 1 18.6 20. 1 21.3 22.4 23. 8 25.4 26.8 1.8 1.8 1.8 1.9 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 I \ | | | I I | I | 118.9 118.4 118.7 117.6 118.7 121.6 124.6 129.2 131.8 136.3 141.5 147.7 | 1 | | I | 1 | I | \ | | | | | 150.5 153.5 159.3 162.7 168.3 170.6 174.2 179.4 182.4 184.1 192.9 198.2 | | | | | | I | | | I | | | | I | | | | I | I I 199.5 201.4 201.0 197.0 197.2 194.5 196.4 201.5 208.4 215.4 219.7 223.0 | | \ | | 1 | | | I | | | | | | | | 1 | I | | 16 TABLE 7 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 1977 1978 TERM RP"S AT AT THRIFT :COMMERCIAL L BANKS INSTS. 12.0 | 1.9 JAN.-. FEB... 12.4 | 1.9 13.2 2.1 MAR.,.. APR...| 13.1 2.2 MAY... 15.2 2.4 JUN... 1 14.6 ! 2.7 JUL... 14.8 I 2.8 AUG... | 15.7 3.0 SEP.-. 16.0 | 3.1 15.7 I 3.3 OCT... | 17.2 3.5 NOV... DEC... | 17.2 3.8 JAN... FEB... | MAR... APR... MAY. .- | JUN... JUL... AUG. •• I SEP... OCT.*. NOV... DEC... 16.6 17.1 18.0 17.8 1-8.5 16.8 17.5 18.9 18.6 19.0 20.4 21.4 JAN... FEB.-. MAR. •• APR.-. MAY... JUN...! JUL...| AUG... SEP... OCT... I NOV... I DEC... I 21.0 21.7 22.6 23.4 25.4 26.0 25.2 25.2 26.4 25.7 23.6 23*8 I 1 | | | I 3.9 4.0 4.2 4.6 5.0 5.1 5.2 5.3 5.4 5.6 5.8 5.9 | TERM | | EURODOLLAR! | | 10.3 I 10.5 | 10.7 11.1 | I 11.5 11.3 | I 12.0 I 12.6 | 12.7 12.9 | I 13.5 ! 13.7 | j I I | j | | ! | 14-1 15.3 16.1 16.7 17.8 19.3 20.5 21.6 21.0 21.2 23.0 22.8 | | | | ! ! | SAVINGS BONDS 72.2 72.6 73.0 73.4 73.8 74.3 74.7 75.1 75.4 75.8 76.2 76.6 SHORTI TERM BANKER M S | COMMERCIALI TREASURY ACCEPTANCE PAPER | |SECURITIES L _ .J 80.7 52.1 ! ! I 9.5 82.4 10.7 I 53.3 I 53.7 | 83.1 10.8 | I 83.1 | 10.8 I 54.7 | 82.3 11.1 56.1 | | 80.7 11.4 57.6 \ 81.7 | 11.3 I 58.3 | | 84.6 I 11-6 ! 58.4 I | 86.1 I 11-8 ! 58.9 | | 87.4 I 11.9 J 61.2 | I 88.4 | 11.7 I 63.1 1 i 89.3 | 11.4 1 63.1 | 77.0 77.4 77.8 78.2 78.6 79.0 79-3 79.6 79.8 80.1 80.4 80.6 I | | | | I | I | I | I 91.0 91.9 92.8 93.2 93.4 92.8 92.5 94.3 96.6 96.5 95.7 98.4 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.5 80.3 80.0 I | | I I I I I | | I I 100.7 102.8 109.6 115.2 122.2 129.1 126.5 122.0 123.4 124.0 123.9 127.2 | | | | | | | | | I | | 12.5 14.3 14.8 15.2 15.7 16.2 16.6 17.3 17.2 17.6 19.6 20-8 1 I 1 I I I I 1 64.3 65.8 66.0 67.6 69.7 70.6 71.4 71.4 71.9 74.4 77.6 79.4 1 | | | | | | | | | 1 | I I I I I I I I 1 1 1 I 81.0 83.7 85.0 86.6 89.0 91.1 92.2 92.6 93.8 95.4 97.1 97.2 | | | | I | | 1 | | | | | I i 1979 I j | j | 6.1 5.8 5.8 5.9 6-1 6.4 6.8 7.0 7.3 7.2 6.9 6.7 | | | I J 24.5 27.1 28.4 29.1 29.6 29.9 31.4 33.9 33.4 33.2 34.0 31.9 | | | | i | | I I | | | I I I I | 21.6 22.3 22.0 21.5 21.5 21.8 22.5 25.3 26.6 27.0 27.6 26.6 17 TABLE 8 MEMORANDA ITEMS (BILLIONS OP DOLLARS, NOT SEASONALLY ADJUSTED) U.f>._ GOVERNMENT DEMAND DEPOSITS TIME AND | AT | NOTE I SAVINGS I FOREIGN I FEDERAL | BALANCES | FOREIGN AT j DUE TO | COMMERCIAL RESERVE | AT BANKS I OFFICIAL FOREIGN | COMMERCIAL | [ BANKS BANKS | AND THRIFTS) iINSTITUTIONS | OFFICIAL j BANKS | INST & BANKS I L . . . , _ L J ,, | 0.0 | 8.1 I 2.8 3.9 | 7.9 I 12.0 | 8.0 10.7 | 0.0 | JAN... | FEB... 2.2 11.4 | 4.2 I 0.0 | 8.0 8.5 | | 2.3 MAR... 4.3 I 11.2 7.4 j 0.0 | 5.4 | 8.0 APR... 2.4 I 11-2 | 0.0 | 3.6 | 10.9 j 8.3 MAY... | I 2.5 11.8 | 0.0 | 7.0 | 5.0 | 8.6 2.6 JUN... I 12.2 I 0.0 | 9.1 3.6 I 8.9 I 2.8 11.8 | JDL... 0.0 | 6.0 J 3.4 | 8.9 2.6 AUG... 11.3 | 0.0 I 8.8 5.0 | 6.9 | 2.7 SEP... | 10.9 | 0.0 | 6.7 j 8.8 3.7 j OCT... I 2.7 11.2 j 0.0 | 2.4 3.5 | NOV... 9.1 2.6 J 11.5 I 0.0 I 5.6 | 10.2 3.1 DEC. . . 11.6 5.1 I I 0.0 i 3.0 4.3 | 9.8 11.8 | JAN... 7-5 | 0.0 | 5.7 10.5 I 2.8 4.3 | 12.1 FEB... 0.0 4.7 4.8 10.3 12.1 MAR... I 2.7 0.0 | 5.2 5.0 | I 2.9 I 11.7 9.9 APR... 0.0 | 6.4 4,0 | 11.4 | 2.6 10.2 | MAY. .. \ 0.0 7.5 2.5 6.2 | 10.2 1 I 11.3 JUN... 0.0 | 10.6 4.4 10.0 10.9 | I 2.6 | JUL. .. | 0.0 9.9 3.5 j '10.1 2.6 10.9 AUG... | 0.0 11.0 I 6.2 I 2.6 I 11.2 9.9 SEP. ..I 0.0 | 15.0 2.7 4.3 10.0 | 11.2 OCT. .. | 5.6 | 8.2 I 2.7 | 11.8 | 2.6 10.2 NOV. .. | 4.0 ! 7.0 | I 3.3 10.9 2.8 11.6 DEC... i I | I 9.5 2.6 I 11.6 10.3 2.6 JAN.-. I 3.4 ! 3.5 | I 5.9 | 2.5 j 11.0 10.2 FEB... I 2.7 | 4«1 | I 3.1 I 2.5 I 10.9 | 2.7 9.7 MAR... I | 2.8 I 2.7 | | 2.6 I 10.5 | 2.9 9.5 APR... | 6.0 I | 3.3 | 2.4 I 10.0 MAY... | 10. 1 | 3.1 i f 7.3 I 3.3 I 3.5 I 9.9 | 3.3 JUN... I 10.6 ! 11.0 | J 3.3 I 2,2 | 9.9 11.0 JUL... I | 3.1 ( I 7.5 | 3.0 | 2.3 I 9.8 AUG... | | 2.9 10.8 I 3.9 ! 9.7 ! I 2.7 I 9.8 | 2.7 SEP... I 11.3 I 9.6 \ | 3.3 | 9.2 I 2.1 11.5 I 2.5 OCT... | | 3.0 I 3.3 | I 2.3 I 8.8 | 3.2 NOV... I 11.6 I 3.0 { 6.9 \ I 2.7 | 3.4 I 9.9 DEC... I 12.2 I DEMAND DEPOSITS 1977 1978 1979 1 DUE TO | TOTAL 11.8 14.9 12. 8 12.8 14.5 12.0 12.5 9.5 11.8 10.4 6.0 10.8 U.S. GOVT. TIME AND | SAVINGS DEPOSITS 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 ! | | | | | ! 1 1 | | | I 1 I ! I \ ! 0.9 0.8 0.9 0.9 1.0 1.0 1.0 1-0 1.0 0.9 0-9 0.9 | 1 I 1 \ S I I I { | ] \ ! I ! 8 I 1 I | I I I 1.0 1.0 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.8 1 i | 1 i 8 1 ! S | I ! I I | | J | I | | ] | • i 11.8 10.0 9.5 10.2 10.4 13.7 15.1 13.5 17.2 19.3 16.5 14,3 15.4 11.9 9.6 8.2 11.7 14. 1 16,5 12.8 1 6. 3 15*0 8.6 12,6 I | | | | i 18 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) NOT SEASONALLY ADJUSTED SEASONALLY ADJUSTED I 1978 I M-1A 1 JUN 7 . . . | 3 4 1 . 5 JUN 1 4 I 341.9 JUN 2 1 . . . I 342.7 JUN 2 8 . . . JUL 5 . . . | JUL 1 2 . . . | JUL 1 9 | JUL 2 6 AUG 2 . - . I AUG 9 AUG 1 6 . . . AUG 2 3 . . . AUG 3 0 . . . SEP 6 . . . ] SEP 1 3 . . . SEP 2 0 . . . SEP 2 7 . . . OCT 4 . . . OCT 1 1 . . . OCT 1 8 OCT 2 5 . . . NCV 1 . . . NOV 8 . . . NOV 1 5 . . . NOV 2 2 NOV 2 9 . . . DEC 6 . . . | DEC 1 3 DEC 2 0 . . . DEC 2 7 . • - | 342.4 345.4 343. 1 341.9 343.5 344.5 344.4 344.9 344.5 345.4 348.4 348.7 348.8 349.3 349.3 349.5 349.8 348.3 350.1 350.8 350.8 350.5 350.4 352.6 350.9 350.9 351.6 I M-1B | I 346.2 346.6 347.5 347.2 350.2 348.0 346.9 348.4 349.4 349.4 349.9 349.5 350.4 353.5 353.8 353.9 354.5 354.4 354.7 355.0 353.5 355.3 356.7 357.3 357.4 357.5 360.2 358.9 359.3 360.3 | I I | | | | j | j | j | CURRENCY | | | | | I j | I | j j | | I | 92.6 92.7 92.9 93.1 93.2 93.4 93.4 93.5 93.7 93.9 93.9 94.3 94.5 94.6 94.9 95.2 95.3 95.5 95.7 95.9 96,0 96.2 96.5 96.7 96.9 97.1 97.3 97.4 97.5 98.0 DEMAND I DEPOSITS | | I | I I I I j | j 249.0 249.1 249.8 249.3 252.3 249.7 248.6 250.0 250.8 250.6 251.0 250.2 250.9 253.8 2 53. 8 253.6 254.0 253.7 253.8 253.9 252.4 253.8 254.3 254.1 253.6 253.2 255.3 253.5 253.3 253.6 | | | 1 M-1A | | 341.9 I I 344.1 | \ 341.4 1 | 336.4 | ! 350.3 { | 347.9 | I 345.5 J I 340.5 | J 342.7 | | 345.0 i | 345.8 | | 341.2 | | 339.1 || 349.5 || 352.3 | I 349.6 J J 342.2 || 350.3 | | 354.1 | 1 354.4 || 345.9 || 349.0 || 355.6 | J 355.7 || 350.8 || 349.8 || 359.3 | I 358.5 || 360.2 || 359.5 I M-1B L. ! 346.6 348.8 I | | | | | | | | | | | 346.1 341.2 355.1 352.8 350.4 345.4 347.6 350.0 350.8 346.2 344.1 354.6 357.4 354.7 347.3 355.5 359.3 359.6 351.1 354.3 361.5 362.2 357.6 357.0 366.9 366.5 368.7 368.1 | DEMAND OTHER ! CURRENCY | D E P O S I T S |CHECKABLE I DEPOSITS J| L | I | | | I | | 93.2 9 3.2 92.8 92.4 94.3 9 4.7 93.9 93.3 93.4 I 95.2 | | I | 94.6 9 4.3 93.5 95.7 95.1 9 4.7 94.0 95.1 9 6.5 9 5.9 9 5.3 9 5.2 9 7.5 97.6 9 7.7 9 7.3 98.7 99.1 99.3 100.6 I | | | I | | | f | | | | | | | J | 248.7 250.9 248.6 244.0 256.0 253.2 251.6 247.2 249.3 249.8 251.2 247.0 245.6 253.8 257. 1 254.9 248*1 255.3 257.6 258.5 250.6 253.8 258.1 258.2 253.1 252.5 260.7 259.3 26 0.9 258.9 4.7 I 4.7 | 4.8 4.8 I 4.8 4.9 4.9 4.9 I | I | | 5.0 5.0 5.0 5.0 5.0 5.1 5.1 5.1 5.1 5.1 5.2 5.2 5.2 5.3 I I 5.9 6.5 6.8 | 7.1 7.6 8.0 8.4 8.7 19 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS ( B I L L I O N S OF DOLLARS) SEASONALLY M-1A 1979 L. JAN 3 . . . JAN 10 JAN 1 7 . . . JAN 2 4 . . . JAN 3 1 . . . . FEB 7.,. FEB 1 4 . . . FEB 2 1 . • . | FEB 2 8 . . . MAR 7... MAR 1 4 . . . MAR 2 1 . . . MAR 2 8 - . . APR 4 . . . APR 1 1 . . . | APR 1 8 . . . APR 2 5 . . . | MAY 2 | MAY 9 . . . MAY 1 6 . . . MAY 2 3 . . . ! MAY 3 0 . . . JUN 6... JUN 1 3 . . . : JUN 2 0 . . . JUN 2 7 . . . JUL 4 . . . JUL 1 1 . . . | JUL 1 8 . . . JUL 2 5 . . . AUG 1... AUG 8 AUG 1 5 . . . AUG 2 2 . . . ! AUG 2 9 . . . SEP 5 . . . SEP 1 2 . . . SEP 1 9 . . . SEP 2 6 . . . OCT 3 OCT 1 0 . . . OCT 1 7 OCT 2 4 OCT 3 1 . . . NOV 7 NOV 1 4 . . . NCV 2 1 . . . NCV 2 8 . . . DEC 5... DEC 12 DEC 1 9 . . . | DEC 2 6 . . . I 352.1 350.3 350.0 349.1 349.0 351.0 349.0 350.6 348.8 352.4 351.2 352.0 351.9 353.9 354.6 356.9 356.4 355.6 355.8 355.8 355.7 354.9 360. 1 358.4 359.3 360. 1 360.4 361.8 362.7 362. 1 362.7 363.3 364.0 364.5 364.1 365.6 365.7 366.0 366. 1 366.6 366.4 366.5 366.4 365.7 369.6 367.5 369.0 366.3 367.9 368.5 368.7 371.6 I M-1B L | 361.3 I 360.0 | 360.1 | 359.2 | 359.2 361.5 | 359.7 | 361.4 359.9 364.1 363.0 364.0 364.1 366.8 368.0 370.8 370.2 369.3 369.4 | 369.3 369.4 368.7 | 374.5 372.8 373.9 374.5 375.4 377.0 378.1 377.5 378.3 379.1 379.9 | 380.4 380.1 381.9 382.1 382.4 382.2 383.0 382.9 382.9 382.7 j 381.8 386.0 i 383.7 I 385.2 382.3 | 384.5 | 385.1 385.4 | 388.4 ADJUSTED NOT SEASONALLY CURRENCY JL | I | | | | I | | | | | | ! | | | | | | | | | | | | | | i WEEKLY | | _ -L _ 97.9 98.1 98.1 98.3 98.5 98.7 98.7 98.9 98.2 99.3 99.3 99.6 99.9 99.9 99.9 100.3 100.3 100.5 100.5 100.7 101.0 101.3 101.5 101.6 101.7 102.1 102.2 102.4 102.5 102.8 103.1 103.4 103.6 103.9 104.1 104.3 104.5 104.8 104.9 105.1 105.4 105.5 105.5 105.6 106.0 105.9 106.0 106.0 105,8 106.1 106.3 106.6 | I | I I | | I DEMAND DEPOSITS 254.1 252.2 251.9 250.8 250.5 252.3 250.3 251.6 250.7 253.0 251.9 252.4 252.1 254.0 254.7 256.7 256.1 255.2 255.3 255.1 254.8 253-6 258.7 256.8 257.5 258.0 258.2 259.4 260.1 259.2 259.5 259.9 260.4 260.6 260.0 261.3 261.1 261.2 261.2 261.5 261.0 261.0 260.9 260.1 263.7 261.5 263.1 260.2 262.2 262.5 262.3 265.0 | || 11 1J (| |I || !| || !| I| || i | |f || !I || || || i| |I || |{ J \ JI I| 1| J| |! \| |I |I I 1 |J I| \| II || || !| I| || |] J| J | |I || || 1| |I |! || |I || II ADJUSTED 1 372.1 363.1 359.0 347.0 341.0 347.4 344.6 340.7 336.1 347.8 346.6 345.6 340.2 352.5 359.2 365.9 358.9 354.4 351.9 352.3 347.6 345.8 360.1 360.5 358.5 3 53 . 8 363.4 368.1 367.2 359.5 360.1 363.5 365.0 361.8 356.5 366.4 368.7 367.1 359.3 367.2 371.9 370.8 364,7 363.6 374.0 372.2 369.9 365.8 374.1 376.7 378.4 380.3 CURRENCY M-1B M-1A JL J I | ! ! | ] I 1 381.3 372.8 369.0 357.1 351.2 357.9 355.3 351.5 347.2 359.5 358.4 357.5 352.3 365.4 372.6 379.7 372.7 368. 1 365.5 365.9 361.2 359.6 374.5 375.0 373.2 368.3 378.5 383.3 382.7 374.9 375.7 379.3 380.9 377.6 372.4 382.8 385.1 383.5 375.3 383.6 388.4 387.2 381.0 379.8 390.3 388.4 386.1 381.9 390.6 393.3 395. 1 397.1 JL | j J | j | I I | | | | | ! | I | | | \ j j | | | I I | | | | 98.6 98.8 9 7.7 97,0 96.2 97.9 9 7.8 97.8 97.0 9 9.0 98.7 9 8.7 9 8.2 99.3 10 0.7 10 0.5 99.2 9 9.2 10 1.2 100.8 100.5 100.6 102.0 102.2 101.7 101.2 102.9 104.0 103.5 102.8 102.6 10 4.6 104.3 104.0 10 2.9 105.1 105.0 104.3 10 3.6 10 4.3 106.4 10 5.6 104.9 104.3 106.6 107-0 106.8 106.3 106.9 108.2 108.2 109.5 | OTHEP I | DEMAND | DEPOSITS CHECKABLE | L J DEPOSITS I 273.4 i 9.2 | I | I ! I | i j | I | J 264.3 261.2 250.0 244.8 249.5 246.8 24 2.8 239.2 248.7 247.9 246.9 242.0 253.2 258.6 265.4 259.7 255.2 250.7 251.5 24 7.1 245.2 258.1 258.4 256«7 252.6 260.5 264.0 263.8 256.6 257.5 258.9 260,7 257.8 253.5 261.3 263.7 262.8 255.7 262.9 265.5 265.2 259.8 259.3 267.3 265.2 263.1 259.5 267.2 268.5 27 0.2 270.8 I I I ] | j | I 1 ! I 1 j j j I i 9.7 10.1 10.1 10.2 10.5 10.6 10.8 11.1 11.7 11.8 12.0 12.2 12.9 13.4 13.8 13.8 13.7 13.5 13.5 13.7 13.7 14.4 14.4 14.7 14.5 15.1 15.3 15.4 15.4 15.6 15.8 15.9 15.9 15.9 16*3 16.4 16.4 16.0 16.4 16.4 16.4 16.3 16.1 16.3 16.2 16.2 16.1 16.5 16.6 16.7 16.7 | J I | | | I | I | | | | | | ! I | | \ | | 1 | I j I 1 | f | J | { I \ | I | I | J j I | I | | t J I 20 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED I I 1980 JL. JAN 2 | JAN 9 JAN 1 6 . . . | JAN 2 3 . . . | JAN 3 0 . . . FE3 6 . . . | FEB 1 3 . . . I FE3 2 0 . . . FEB 2 7 MAR 5 . . . MAR 1 2 . . . MAR 1 9 . . . I MAR 2 6 . . . APR 2 . . . APR 9 . . . APR 1 6 . . . APS 2 3 . . . ! APR 3 0 . . . MAY 7 . . . ; MAY 1 4 j MAY 2 1 . . . | MAY 2 8 . . . | M-1A I M-1B I 37 0 . 9 372.0 370.0 369.3 370.4 374.9 373.3 375.0 372.2 373. 1 374.3 373.1 372.2 372.5 370.9 369.4 365.8 362.8 369.1 367.3 368.2 367.2 | 388.1 I 389.5 | 387.4 | 386.2 I 387.5 I 392.4 | 390.9 I 392.6 | 389.8 | 391.0 | 392.3 | 391.2 | 390.2 | 390.8 389.7 I 388.7 | 385.2 381.4 | 387.3 385.5 386.5 385.6 J DEMAND | 1 DEPOSITS | I I CURRENCY L | | | | | | | | | | 106.8 107.4 107.2 107.5 107.7 108.1 107.8 108.1 108.3 108.6 108.6 109.0 108.9 108.9 108.9 109.4 109.0 109.6 110.1 109.7 109.9 110.7 J | j I | | | | I 264.1 264.6 262.8 261.8 262.6 266.8 265.5 266.9 263.9 264.5 265.7 264.1 263.3 263.6 262.0 260.0 256.8 253.2 259.0 257.6 258.3 256.5 M-1A | J 388.7 | I 386.2 379.9 |I 369.5 || | 1 362.5 | 1 370.9 368.3 1| 366.0 || I J 357.7 | 1 367.2 | 1 369.6 367.7 || 360.7 || 368.0 J | | 1 375.9 | I 377.5 370.7 i| I 1 359.4 | I 365.5 I | 363.1 I I 361.5 | I 357.7 | L | | | | | | | | | | M-1B _ 405.9 403.7 397.3 386.5 379.7 388.4 385.9 383.6 375.2 385.0 387.6 385.8 378.8 386.3 394.7 396.8 390.2 378.0 383.7 381.4 379.9 376. 1 CURRENCY JL . | | | | | I | DEMAND I DEPOSITS _ -J 107.4 10 8.1 106.8 106.2 105.1 107.0 107.1 107.1 10 6.0 107.4 108.4 108.1 107.4 107.8 110.0 109.8 108.3 107.8 110.1 109.9 109.7 109.9 | | | | | | 28 1 . 3 278. 1 273.1 263.3 257.4 263.9 261.2 258.9 251.7 259.7 261.1 259.6 253.3 260.2 265.9 267.8 262.4 251.7 255.4 253.3 251.8 247.7 OTHER CHECKABLE DEPOSITS 17.2 17.5 17.4 16.9 I 17.2 17.5 17.6 17.6 17.5 17.8 18.0 18. 1 18.1 18.3 18.8 19.3 19.4 18.5 | 18.3 | 18.2 | 18.4 18.4 | \ | J 1 | | | | I | J 1 | | | i | | | | 1 | 1 | 21 TABLE 1 0 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) COMMERCIAL SEASONALLY BANK | SAVINGS | SMALL TIME TIME & SAVINGS DEPOSITS I | ADJUSTED I LARGE TIME WEEKLY _ NOT SEASONALLY ADJUSTED I I| J SAVINGS 1 1978 JUN JDN JDN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NCV NOV NCV NOV NCV DEC DEC DEC DEC 7... | 14... J 21...| 28... | 5 I 12... | 19... | 26... | 2... | 9... | 16... I 23... I | 30 6 | 13... | 20... 27... | 4... I 11... 18... 25... | 1... | 8 15 22... 29... 6 13... 20...I 27 221.3 221.3 221.3 221.3 220.9 220.2 219.8 219.8 219.6 220.0 220.1 220.5 220.6 220.8 220.9 220.9 221.0 221.4 221.5 221.4 221.4 220.8 219.9 219.4 218.5 217.8 217.2 216.6 215.6 215.2 | | j | | | | , | | | | | 175.3 175.8 175.8 176.9 177.6 176.8 177.7 177.7 178.6 178.3 179.2 179.0 179.6 180.9 181.0 182.1 182.6 183.5 184.1 183.4 183.0 184.0 185.4 186.6 186.0 189.2 188.9 188.1 189.1 190.8 I I I | | | | ! 159.1 159.6 159.5 159.4 160.5 162.7 163-4 164.4 164.4 165.4 165.4 166.6 167.1 167.0 168.7 168.1 167.9 167.2 166.7 167.9 170.3 172.3 17*. 2 176,6 178.2 178.1 178.2 179.9 179.7 178.8 || || |J |I 1J || || || I| ]J J| || || || |I |i |I || || || J| || |I || || |I || || || || 222.7 222.3 221.7 221.5 222.3 222.3 221.4 221.0 220.5 220.8 220.7 220.8 220«6 220.8 220.9 220.3 220.2 221.2 221.5 220.8 220.2 218.9 218.3 217.8 216.8 216.2 215.5 214.7 213.4 212.6 | | | | j | ! | | | SMALL TIMS . 176.1 176.9 176.7 177.8 178.5 177.0 177.7 177.7 178.6 178.1 179.4 178.4 179.5 181.1 180.6 181.9 182.8 184.2 185.4 183.9 183.5 184.3 184.8 185.3 183.8 186.9 186.8 186.0 187.0 189.1 ! | | OVERNIGHT | LARGE TIME L _ _ | 157.8 ! 157.5 | 156.3 | 156.5 157.7 | 159.6 | 160.5 162. 1 | 162.7 164.4 164.3 I 166.1 166.8 | 166.1 167. 8 | 166.7 | 167.2 167.1 166.4 168.0 171.0 173.3 | 175.7 176.9 179.8 179.7 181. 1 184.0 184.0 183.0 I RPMS | | ! 1 16.2 16.7 16.9 18.6 18.2 15.9 18.1 18.8 19.0 18.8 18.7 19.7 20.4 19.3 17.9 17.6 21.4 19.8 17.8 18.3 19.9 20. 1 19.2 19.5 21.4 21.9 22.1 21.8 21. 1 22.8 | 1 | I I | | | | I I I I I | J I | J | I | | J | | ! | | | I I I | I I I I I I 22 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) WEEKLY COMMERCIAL BANK TIME & SAVINGS DEPOSITS NOT SEASONALLY ADJUSTED SEASONALLY ADJUSTED _ SMALL TIME LARGE TIME I SAVINGS 177.8 | | | I I | J | | | | | | | ! \ i \ | | I I I | I | | I | | | | | I 1 \ | | | { 1 | | [ | \ | I I I I I 213.2 213.0 211.4 210.4 209.3 208.8 208.7 208.3 207.8 207.8 208.2 208.1 208.6 209.5 210.1 208.0 207.0 206.1 206.6 206.5 206.5 206.3 206.7 207.0 206.4 206.4 207.1 208.2 207.9 207.5 206.8 207.1 207.1 206.6 206.1 205.8 205.9 204.3 203.2 203.1 203.7 202.3 200.5 197.9 195.6 195.3 194.7 194.1 193.1 193.2 192.3 191.4 I SAVINGS L 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APE MAY MAY MAY MAY MAY JUN JDN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT CCT OCT NCV NOV NOV NOV DEC DEC DEC DEC 3... 10... 17... 24 31... 7... 14... 21... 28... 7... 14... 21... 28... 4 11... 18... 25... 2... 9... 16... 23... 30... 6... 13-.20... 27... 4... 11... 18... 25... 1... 8... 15... 22... 29... 5. . . 12... 19... 26... 3... 10... 17... 24... 31... 7... 14... 21... 28... 5. • . J | | I | | I | I | | | | | | I | | ! I | | | S i | I | | | | | | | | ! ! | | 12III 19... | 26... 214.8 213.6 212.2 211.4 210.9 210.1 209.8 209.4 208.8 208.1 207.8 207.3 207.0 207.0 206.8 206.1 205.8 205.6 205.3 205.0 204.9 205.0 205.4 205.9 206.0 206.2 206.2 206.5 206.5 206.5 206.2 206.6 206.7 206.4 206.3 205.8 205.9 204.9 204.1 203.3 203.5 202.9 201.4 199.7 196.9 196.6 196.0 195.4 194.6 194.8 194.3 193.5 | | | I I j 192.8 192.6 193.3 193.8 194.4 195.1 195.5 195.8 196.0 196.7 197.5 198.3 199.2 200.1 201.4 202.3 203.3 204.2 204.9 205.7 206.7 207.4 208.7 209.4 210.5 210.7 210.7 212.3 213.4 214.3 215.3 216.5 216.7 218.7 219.5 220.0 221.4 222.2 223.2 224.5 225.6 226.4 228.3 230.5 234.3 236.4 237.9 238.7 240.0 240.9 241.9 242.2 ! | | | j j j 178.6 180.4 181.6 182.1 181.9 183.0 183.6 184.3 183.0 182.6 181.4 180.7 180,4 180.8 180.2 180.2 180.0 179.8 179.6 178.9 178.2 176.2 175.8 176.2 177.3 178.4 177.1 176.7 176.6 177.6 178.0 178.5 178.9 180.1 182.0 182.7 185.2 186.9 188.1 188.9 189.2 188.6 189.2 189.6 190.8 190.4 190.8 190.7 189.7 189.1 189.8 |L_ I | | I SMALL TIME . 191.6 192.0 192.8 193.6 194.2 195.3 196.1 196.6 196.8 197.5 198.3 198.9 199.4 200.5 201.4 202.5 203.7 204.6 205.7 206.5 207.3 208.4 209.7 210.7 211.6 211.7 211.8 212.5 213.4 214.3 215.3 216.3 216.7 218.2 219.1 219.7 221.0 222.0 223.4 225.0 226.0 227.1 229-0 231.2 233.8 234.7 235.0 235.9 237.4 238.3 239.0 240.0 OVERNIGHT | RP"S | LARGE TIME J 181.7 | I | 181.2 182.8 184.0 184.3 183.0 183.9 184.2 185.2 184.5 184.3 182.5 182.3 181.3 180.2 178.2 177.6 178.0 177.9 178.3 178.7 178.3 174.8 173.6 172.7 174.0 175.5 173.8 173.2 173.8 175.5 176.8 177.1 177.8 179.6 180.9 181.4 183.5 185.6 187.5 188.3 189.0 189.4 190.2 190. 1 191.2 191.9 192.5 193.6 193.9 193.7 194.1 I I I | | | | I 1 I 1 I j 21.1 20.7 21.1 21.9 22.1 21.5 22.7 21.3 22.4 21.8 22.9 23.0 23.3 22.4 22.4 23.4 24.7 24.8 24.8 26.2 25.2 26.0 26.6 26.6 25.7 26.2 25.5 23.7 26.6 25.9 25.7 24.5 25.9 24.7 25.8 26.3 26.1 26.2 26.9 26.5 26.0 25.2 24.7 24.9 23.9 22.3 21.9 21.6 23.0 21.6 21.6 21.6 I I | | | | j 1 | | | | f | | | \ 1 | I | | | | | | | | J | | 1 | \ \ | f ! | | 1 | 1 | | | | J 1 | | | 23 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) WEEKLY COMMERCIAL BANK TIME & SAVINGS DEPOSITS NOT SEASONALLY ADJUSTED SEASONALLY ADJUSTED 1980 JAN JAN JAN JAN JAN FEB FEB PEB FEB MA? MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY 2...| 9.,. 16... 23... 30... 6... | 13... | 20... 27... 5... | 12... | 19... I 26... | 2... 9... | 1 o* • •I 23... | 30... | 7... | 14..- | 21... I 28... | SAVING S SMALL TIME 193.8 193.9 192.6 191.5 190,5 189.8 189-1 188.6 187.5 186.1 184.6 182.9 181.2 179.8 178.4 176.4 175.0 174.6 174.2 174.6 | | 242.6 243.5 245.6 247.4 248.1 249.0 249.9 251.2 253.2 254.7 257.4 260.2 262.8 265.6 269.6 272.0 273.4 273.8 274.8 275.1 175.5 I 275.3 176.1 | 275.3 J LARGE TIME | 1 SAVINGS | | SMALL TIME LARGE TIME 188.0 188.0 190.5 190.7 191.7 193.4 194.5 195.0 195.0 196.2 196.0 195.8 196.7 196.5 196.8 198.7 199.5 201.1 200.6 200.3 198.4 196.7 | | ! | | | | | | J | | 1 ] | | | \ | | | | 192.1 193.4 191.9 190.7 189.3 188.6 188.0 187.5 186.6 185.6 184.8 183.6 182.4 181.8 181.1 178.6 176.1 175.2 175.2 175.9 176.8 177.3 | | | | | | 240.7 243.0 244.8 246.9 247.9 249.2 250.6 252.2 254.2 255.8 258.5 261.2 263.3 265.9 269.4 272.0 273.9 274.9 I 275.6 | | 276.2 276.4 I 276.4 192.4 191.0 193.1 193.2 194.0 194.8 195.5 195.6 195.9 197.5 197.8 197.2 198.3 197.6 196.6 196.9 196.9 198.7 198.4 198.7 198.0 196.9 | I | | | | I | I | OVERNIGHT | I RP"S | J I I I I I I I I I I I | 1 1 I 20.4 22.4 23.0 22.5 23.2 22.9 22. 1 24.5 22.9 20.5 21.1 21.7 20.1 19.8 15.7 18.0 18.4 18.4 18.9 | | I | | J | | | | t | | 1 J I | | 1 17.0 1 18.9 I 19.9 | 24 TABLE 11 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) DEMAND DEPOSITS DUE TO I S. GOVERNMENT DEMAND DEPOSITS TIME AND SAVINGS AT FOREIGN f AT DUE TO FOREIGN COMMERCIAL | COMMERCIAL | FOREIGN NOTE FEDERAL | OFFICIAL BANKS | RESERVE | BALANCES BANKS OFFICIAL INSTITUTIONS! ! BANKS IINST & BANKS! I I I J 1978 JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP CCT OCT CCT CCT NOV NOV NOV NOV NCV DEC DEC 7... 14... 21... 28... 5... 12... 19... 26... 2... 9... 16... 23... 30... 6... 13-.. 20... 27... 4... 11... 18... 25... 1... 8... 15... 22... 29... 6... 13... DEC 20 DEC 2 7 10.6 9.9 9.9 10.2 10.7 10. 1 9.2 9.9 10.5 10.0 10.2 10.4 9.9 10.1 9.8 9.9 9.8 9.7 10.3 10.1 9.6 10. 1 10.7 10.2 10.0 9.9 9.7 10.4 11.3 11.8 2.4 2.4 2.4 2.6 2.5 2.3 3.0 2.7 2.8 2.6 2.4 2.6 2.6 3.0 2.3 2.5 2.6 3.0 2.5 2.6 2.6 2.9 2.6 2.6 2.5 2.6 2.6 3. 1 2.7 2.8 11.3 11.4 11.2 11.3 11.3 11.0 10.9 10.8 10.7 10.7 10.7 10.8 11.2 11.4 11.4 11.2 11.0 10.9 11.0 11. 1 11.4 11.4 11.6 11.8 11.9 11.8 11.7 11.6 11.6 11.6 3.4 3.0 12.0 6.0 7.7 4.5 3.4 3.4 3.8 3.5 3.0 4.3 3.5 3.1 3.5 9.0 7.7 8.0 4.2 3.6 3.7 3.3 3.5 2.6 2.6 2.4 2.4 2.0 6.5 2.4 4.5 3.7 9.2 11.7 10.3 10.5 10.5 11.2 10.6 8.7 8.4 10.8 ! 11.7 I | ! | | I | ! I | I » I I I ! 1 9.5 7.8 9.5 15.4 15.1 14.5 15. 1 15.4 15.1 11.1 8.1 6.4 6.5 5.3 2.1 3.7 5.0 | I | | | | | | | | | | I | | | | ! | | | I 1 | ! I _J I I 1 | | | I ! J | | I TOTAL | U.S. GOVT. I TTME AND | SAVINGS | DEPOSITS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0-0 3.2 3.6 8.1 8.4 3.4 2.2 5.8 12.7 I | I ! | | | I | | | | I | | 7.9 6.7 21.2 17.7 18.0 15.0 13.9 14.6 14.4 12.2 11.5 15.1 15.2 12.6 11.3 18.5 23.1 23.2 18.7 18.7 19.1 18.4 17.8 14.3 17.1 17.3 11.1 6.3 16.1 20.1 1-0 1-0 ! 1.0 1 1-0 1.0 1.0 1-0 1.0 1-0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 1.0 0.9 0.9 0.9 1.0 1.0 0.9 0.9 0.9 I I I | | I | j I | | ! | | \ | ! t | ! | | | | ) | | | | ! 1 ! | | | I | | | 25 TABLE 11 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) TIME AND U,S._ GOVERNMENT DEMAND DEPOSITS SAVINGS FOREIGN AT DUE TO AT FOREIGN COMMERCIAL FEDERAL OFFICIAL NOTE BANKS BALANCES INSTITUTIONS! OFFICIAL RESERVE IINST 6 BANKS! BANKS _2MMILJ>EPOSITS FOREIGN COMMERCIAL BANKS 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JON JON JON JUL JOL JUL JUL AUG AUG AUG AOG AOG SEP SEP SEP SEP OCT OCT OCT OCT OCT NCV NOV NOV NOV DEC DEC DEC DEC 3... 10... 17... 24... 31... 7... 14... 21... 28... 7... 14... 21... 28... 4... 11... 18... 25... 2... 9... 16... 23... 30... 6... 13 20... 27... 4... 11... 13... 25... 1... 8... 15... 22 29... 5... 12... 19... 26... 3... 10... 17... 24... 31... 7... 14... 21... 28... 5,.. 12... 19... 26... 11.3 10.4 10.2 10.2 10.1 9.9 10.2 10.9 9.7 9.9 9.6 9.8 9.6 9.7 9.5 9.5 9.7 9.3 9.9 10.0 10.2 10.4 11.1 9.9 10.6 10.4 11.9 11.1 10.4 10.9 10.9 10.9 10.8 10.4 10.7 10.9 11.2 11.1 11.6 12.1 12.5 11.9 10.3 11.0 11.2 11.8 11.6 11.5 12.0 12.2 11.6 12.7 DOE .TO , 3.1 2.4 2.6 2.8 2.5 2.9 2-6 2.5 2.9 2.6 2.6 2.6 2.7 3.0 2.8 2.8 2.7 3.0 3.1 2.7 2.8 3.9 3.1 3.0 3.5 3.5 3.1 3.4 3.0 2.8 3.0 2.9 3.1 2.8 3.0 2.8 2.6 2.9 2.6 2.7 2.4 2.8 2.6 2.3 2.6 3.2 3.2 3.6 3.3 3.8 3.3 3.2 11.5 11.7 11.5 11.6 11.4 11.2 11.1 11.1 10.8 10.8 10.8 10.9 11.0 11.0 10.7 10.4 10.2 10.2 10.1 10.0 9.8 9.9 9.9 9.9 9.9 10.0 10.2 10.0 9.9 9.8 9.9 9.7 9.8 9.8 9.8 9.8 9.8 9.7 9.8 9.6 9.5 9.3 9.0 8.8 8.7 8.8 8.9 9.0 9.0 9.6 10.1 10.3 2.8 2.8 2.3 2.7 2.5 3.0 2.2 2.8 2.1 2.4 2.1 3.8 1.9 2.4 1.9 3.8 2.2 2.5 2.3 2.1 2.9 2.5 2.5 2.0 8.6 2.2 2.1 2.8 2.5 2.0 2.0 3.2 2.6 2.3 1.8 1.9 2.9 4.3 2.4 2.6 1.9 2.2 2.2 2.1 2.7 2.0 2.7 2.1 2.3 2.6 3.4 2.2 TIT 3.1 3.3 3.4 3.5 3.7 3.1 3.5 3.7 3.8 2.7 2.9 3.1 2.7 2.5 2.1 3.6 3.4 4.1 3.2 3.0 2.9 2.4 3.4 3.5 3.5 3.4 3.6 3.3 3.2 3.1 2.7 3.0 3.2 3.0 3.4 3.3 3.5 4.6 4.9 2.9 3.0 3.5 3.1 3.1 2.9 3.2 3.1 2.6 3.1 2.6 3.1 12.7 7.0 6.2 9.8 13.4 8.6 5.0 4.4 5.4 4.2 1.4 6.1 5.6 1.9 0.8 2.3 3.8 5.0 7.7 5.8 6.0 5.4 2.0 3.2 8.7 I | | | | | I | I I | | 11.6 12.1 | 17.3 14.5 7.3 8.5 10.4 10.2 3.8 2.2 2.5 4.6 2.8 2.0 4.7 12.9 16.0 19.4 15.3 10.4 10.7 11.2 10.4 12.8 10.5 7.0 5.1 8.1 9.7 11.0 14.2 11.1 11.8 10.8 6.9 8.6 I I | 8.9 5.2 8.0 8.2 4.5 4.3 8.6 19.4 12.9 11.9 6.2 | 11 .1 15.2 9.4 8.8 TOTAL 20.8 16.8 20.7 15.9 14.6 16.7 17.1 14.8 10.7 13.5 13.0 9.8 ! I | I 10.5 16.4 24.2 22.0 12.2 13.7 16.0 15.4 | | I I I | I 7.0 8.4 9.8 7.8 7.6 10.7 18.1 I I I 9.7 U.S. GCVT. TIME AND SAVINGS DEPOSITS 0 0 0 0 0 0 0 0 1.0 1.0 1.0 0.9 0.9 0.9 0.9 0.9 1.0 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 1.0 1.0 .0 .0 .0 .0 .0 .0 .0 .0 .0 •0 1.0 1.0 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 26 TABLE 11 MEMORANDA ITEMS (BILLIONS OF DOLLARS, | DEMAND DEPOSITS DOE TO | | ! ! • FOREIGN COMMERCIAL | BANKS | FOREIGN OFFICIAL INSTITUTIONS I TIME AND SAVINGS DUE TO FOREIGN NOT SEASONALLY ADJUSTED) U..5. GOVERNMENT DEMAND DEPOSITS 1 OFFICIAL IINST & BANKS 1980 JAN JAN JAN JAN JAN FEB FEB FEB FE3 MAR MAR MAR MAR APR AFP. APR APR APR 1AY MAY '1 AY MAY 2 9... 16.., 23... 30... 6... 13... 20..., 27... 5... 12..., 19...' 26... 2... | 9... 16 23 | 30..-! 7... 14...! 21... | 23 I ---11.8 12.5 10.8 12.0 11.8 11.9 11.9 12.0 12.8 12.7 13.0 12.0 13.2 12.7 12.0 11.7 12.5 12.7 12.4 13.U 13.7 j | | | I 3.2 3.4 3.6 3.6 3.7 3.5 3.4 3.3 3.1 3.4 2.9 3.0 3.3 3.2 3.5 3.5 3.0 4.3 3.7 3.3 3.3 3.0 L | JL 10.3 I 10.3 | 9.5 9,1 I 8.8 | | | 8.7 8.8 8.8 8.8 8.9 8.7 8.7 I 8.9 | 1 9.1 | 1 | 9.3 9.4 9.3 9.4 I I 9.3 9.3 10.1 2.6 3.5 2.7 JL, _ _ | I I 3.4 2.7 3,2 I I 2.3 1 | 2.7 2.3 4.1 2.2 2.1 2.9 3.8 4.0 3.9 3.0 2.3 2.9 2.1 3.6 2.8 3.3 3.1 3.0 3.0 3.7 3.4 3.7 2.7 2.9 2.5 3.2 2.2 2.9 2.8 8.8 I - - I | „_ | ! I NOTE BALANCES | TOTAL I 18.8 | | | 13.4 11.9 16.8 I I I 20.0 | 12.6 7.1 6.0 10.3 14.2 10,3 I 7.6 | 16.5 13.6 I I 8.4 10.2 7.3 3.1 2.0 7.0 7.2 2.1 1.8 6.2 11.1 8.3 4.5 5.5 5.7 I 14.6 | 16.7 I 12.7 | 8.3 8.6 12.4 11.5 7.2 I | | | | 2.3 1.3 3.4 3.8 2.4 2.8 3.0 2.6 I i AT FEDERAL RESERVE BANKS AT | COMMERCIAL BANKS | | I | I 6.8 | 13.6 18.9 13.7 9.6 11.4 10.5 | | | JI a.s. GOVT. TIME AND SAVINGS DEPOSITS ] | | | _ I 0.7 0.8 0.7 | | ! 0.7 | 0.7 0.7 I | 0.7 | 0.7 0.7 0.7 0.7 0.7 | I I 1 | 1 1 1 0.7 0.7 0.7 0.7 0.7 1 1 1 | | 1 0.7 I 1 1 0.7 0.6 | | I I 0.6 0.6 ! | I I I 1 1