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FEDERAL RESERVE statistical release H.6 (508) For immediate release June 26, 1981 Benchmark The money stock and related series have been benchmarked to incorporate data from recent call reports and other sources. In addition, travelers checks of nonbank issuers, not previously included in the series because of lack of data availability, have been added to the historical series for Ml-A and the broader aggregates. This represents an adjustment to levels that affects growth rates only minimally. Commercial bank deposits data have been benchmarked to the June, September and December 1980 call reports. Moreover, daily deposits data for foreign-related institutions — specifically, U.S. agencies and branches of foreign banks and Edge Act Corporations--and for other checkable deposits at thrift institutions have been incorporated. Such data have been reported since November 1980 as a consequence of the Monetary Control Act of 1980 (MCA). Daily deposits data of nonmember commercial banks with deposits greater than $15 million had been incorporated at the time of the last benchmark in January 1981. The current benchmark also incorporates new deposits data for institutions with total deposits between $2 and $15 million as of December 1979 These institutions report such data for one week each quarter, based on a staggered schedule under which one-third of all such institutions reports each month. All of these smaller institutions reported in January 1981 and since -2- that time a third reported in March, another third in April, and the remaining third in May, The benchmark has lowered the level of demand deposits. Revisions for late 1979 and 1980--which at a maximum lowered monthly levels by $1 billion or about 1/4 percent of Ml-B—mainly reflect changes in demand deposit levels of foreign-related institutions and nonmember commercial banks. Much larger downward revisions to demand deposits for the first five months of 1931 reflect new reports of quarterly reporting banks. The other checkable deposit (OCD) component of Ml-B has been raised. The bulk of revisions prior to 1981 reflects more comprehensive definitions and detail on OCD balances of thrift institutions collected on MCA-related deposit reports. the beginning of the series. These changes affect historical data back to Since early 1981, the OCD series has been revised further upward, as an increase in OCD at quarterly reporting commercial banks more than offset a downward revision to NOW accounts at S&Ls. Relatively minor downward revisions have been made to savings and small denomination time deposits. More substantial upward revisions have been made to the large time deposit series—especially in late 1980 and the first five months of 1981—which reflect primarily new daily deposit data on large time deposits at foreign-related institutions. Also, recently available MCA-related data on inter-institutional holdings of demand deposits have led to revisions in the Ml-B and M-2 consolidation components. The level of the narrow money stock has been raised by the inclusion of travelers checks. Revisions to growth rates for the narrow money stock— -3which have been greatest in early 1981—primarily reflect other adjustments. Ml-B growth in January and February has been lowered while in April it has been raised. Quarterly average growth in shift-adjusted Ml-B in the first quarter of 1981 has been reduced by nearly 2 percentage points, to minus 3/4 percent at an annual rate and growth from the fourth quarter of 1980 to May 1981 has been lowered by 3/4 percentage point. The effects of the benchmark on M-2 growth in 1981 have been quite small. Growth in M-3 has been raised, by nearly 1/2 percentage point, expressed annually, in the first quarter of 1981 and by 3/4 percentage point for the period from the fourth quarter of 1980 to May 1981. Benchmark revisions also have raised the level of the broad measure of liquid assets, L. Revised historical data for the past four years on a monthly basis and for the past two years on a weekly basis are attached; in addition, projected 1981 seasonal factors for the new travelers check component are attached. Back data for the period prior to 1977 are available on request. FEDERAL RESERVE statistical release For immediate Release H.6 (508) JUNE 2 6 , 1981 Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-B M1-A Currency plus demand deposits plus travelers checks1 Date M1-A plus other checkable deposits (OCD) 2 M1-B Shift adjusted Addenda: M1-B less shifts to OCD from non-demand deposit sources3 Overnight RPs at commercial Money market mutual fund banks plus shares overnight Eurodollars4 M2 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 deposits5 L M3 plus other liquid assets' 370.4 373.6 391.3 394.9 23.4 25.2 66.8 74.2 1568.2 1589..3 1832.8 1851.9 2231.5 2246.0 JULY AUG. SEP1. 376.6 382.8 386.4 399.3 406.9 411.8 29.6 31.7 33.0 80.6 80.7 78.2 1614.0 1633.4 1644.9 1872.9 1896.7 1911.9 2263.7 2290.5 2308.1 OCT. MOV. DEC. 390.1 391.3 387.7 416.3 419.1 415.6 32.7 32.8 32.4 77.4 77.0 75.8 1654.0 1668.5 1669.4 1927.5 1950.7 1963.5 2325.6 2356.2 2377.4 1981-JAN. FEB. MAR. 375.1 367.2 365.8 419.2 421.2 425.8 415.5 415.0 418.0 32.7 31.9 33.2 80.7 92.4 105.6 1680.8 1695.7 1718.4 1988.3 2007.9 2025.9 2408.1 2431.2 2442.3 APR. HAY 366.6 364.9 433.7 431.5 423.9 422.1 34.0 38.5 117.1 118.1 1737.8 1743.7 2044.3 2059.8 368.5 365.9 364.8 364.3 435.6 432.4 430.9 430.8 40.3 36.5 37.5 39.1 118.3 118.1 117.9 1t7.8 362.1 361.6 362.0 428.3 429.2 429.0 39.9 39.4 40.3 118.4 120.0 121.4 1980-MAY JUNE WEEK ENDING: 1981-HAY 6 13 20 27 JUNE 3 10 P 17 P 1/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHEfi THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE P1OCESS OF COLLECTION AND F.R. FLOAT; (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND SHE VAULTS OF COMMERCIAL BANKS; AND (3) OUTSTANDING TRAVELERS CHECKS OF NONBANK ISSUERS. 2/ NOM AND A1S ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS. i 3/ M1-B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO OCD FROM SOURCES OTHER THAN DEMAND DEPOSITS. THE PORTION OF NOT SEASONALLY ADJUSTED OCD FLOWS ASSOCIATED WITH SAVINGS AND OTHEfi NON-DEMAND DEPOSIT S H U T S IN MAY IS ASSUMED TO BE 27.5 PERCENT. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE THE SUPPLEMENTARY NOTE ON SHIFT ADJUSTMEN1 CONTAINED IN H.6 RELEASE DATED WAY 29, 1981. FROM THE FOURTH QUARTER OF 1980 10 HAY* 1981 GROWTH IN SHIF1 ADJUSTED M1-3 WAS 2.k PEfiCENl. 4/ OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COMMERCIAL BANKS 10 1HE 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 1IME DEPOSITS (TIME DEPOSITS IN AMOUN1S OF LESS THAN $ 100,000) ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. M2 WILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT 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 Of $100,000 OR hORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, 2HE U.S. GOVERNMENT, MONEY MARKET MUTUAL FUNDS AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS. 7/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHOB1-1EEM TREASURY SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODOLLARS NET OF MONEY MARKE1 MUTUAL FUND HOLDINGS OF THESE ASSETS. NOTE- P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WfcEK 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 UNIII THEY ARE FINAL. H.6 (508) MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjustpd Date Ml-A M1-B M1 B Shift adjusted Currency plus demand deposits plus travelers checksi M1-Aplus other checkable deposits (OCD) 2 M1-B less shifts to OCD from non-demand deposit sources** Addenda: Overnight RPs at commercial banks plus overnight Eurodollars^ Money market mutual fund shares NSA NSA M2 M3 L M1-Bplus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits^ M2 plus large time deposits and term RPs6 M3 plus other liquid assets7 364.6 372-7 384.7 394.3 23.4 25.2 66.8 74.2 1562.6 1591.3 1826.4 1849.5 2229.4 2245.3 JULY AUG. SEPT. 378.7 381.1 386.6 401.8 405.4 412.3 29.6 31.7 33.0 80.6 80.7 78.2 1619.4 1630.7 1643.3 1874.9 1891.9 1908.7 2264.1 2284.8 2303.9 OCT. NOV. DEC. 391.7 394.1 397.7 418.4 421.9 425.9 32.7 32.8 32-4 77,. 4 77.0 75.8 1657.5 1666.9 1675.2 1930.5 1951.7 1974.0 2326.5 2354.1 2384.0 1981-JAN. FEB. MAR. 378.9 358.7 358.9 423.5 411.5 417.8 419.8 405.3 410.1 32.7 31.9 33.2 80.7 92.4 105.6 V683.6 1685.1 1713.3 1993.9 1999.8 2023.5 2411.0 2424,3 2443. 1 APR. MAY 369.5 359.4 436.7 424.4 426.9 415.1 34.0 38.5 117.1 118.1 1745.4 1737.7 2050.8 2052.9 366.3 361.8 359.0 354.0 432.3 427.1 423.5 418.0 40.3 36.5 37.5 39.1 118.3 118.1 117.9 117.8 359.0 363.1 364.4 425.0 430.8 432.0 39.9 39.4 40.3 118.4 120.0 121.4 1980-MAY JUNE WEEK E N D I N G : 1981-MAY 6 13 20 27 JUNE 3 10 P 17 P NOTE: SEE TABLE 1 FOR FOOTNOTES. H.6 (508) Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change at seasonally adjusted annual rates M1-A Currency plus demand deposits plus travelers checksi Date MAY M1-B MI-Aplus other checkable deposits at banks and thrift institutions 2 M3 M2 plus large time deposits and term RPs at commercial banks and thrift institutions 6 FROM: FEB. 1981 (3 NOV. 1980 (to MONTHS MAY 1980 ( 1 2 MONTHS MON1HS PREVIOUS) PREVIOUS) FOUR WEEKS E N D I N G : JUNE FROM FOUR WEEKS E N D I N G : PREVIOUS) 10, -2.5 9.8 11.3 10.3 -13.5 5.9 9.0 11.2 -1.5 10.3 11.2 12.4 -4.2 5.9 1981 MAR. 11, 1981 ( 1 3 WEEKS PREVIOUS) DEC. 10, 1980 {26 WEEKS PREVIOUS) -14.2 5.3 JUNE 11, 1980 (52 WEEKS PREVIOUS) -2.3 9.4 NOTE: M2 M1-Bplus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits at commercial banks and thrift institutions 5 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 , Currency1 Date Demand deposits2 Travelers checks3 Other checkable deposits4 Overnight RPs (net)* Overnight Euro* dollars6 NSA NSA Savings deposits at at thrift commercial institutions banks total Small denomination time deposits8 at at total thrift commercial institutions banks 66.8 74.2 176.9 180.5 200.8 204.1 377.7 384.6 273.7 273.4 439.3 440.8 712-9 714.1 80.6 80.7 78.2 185.5 189.0 190.1 210.3 215.6 217.9 39S-9 404.6 407.9 273.0 273.5 275.2 439.7 440. 1 442,. 9 712,6 713.6 718.1 4.4 4.7 4.5 77.4 77.0 75.8 190.3 191.4 185.1 217.5 214.7 207.9 407.8 406.1 393.0 277.8 284.7 292,4 446.3 453-3 464.4 724.0 738.0 756.8 27.5 27.0 28.7 5.2 4.9 4.5 80.7 92.4 105.6 177.2 173.9 172.4 199.8 197.0 196.0 376.9 370.8 368.3 302.4 306.5 310.7 473.3 47,6.9 478.7 775.7 783.3 789.4 67.3 66.9 29.3 32.4 4.7 6.1 117-1 118.1 172.0 169.7 195.0 191.3 367.0 361.0 312.1 316.2 477.9 482.5 790.0 798.6 244.6 242.1 240.8 239.7 67.4 66.7 66.4 66.7 33.8 31.4 31.5 3.2.5 6.5 5.1 6.0 6.6 118.3 118.1 117.9 117.8 171.6 170.6 169.1 168.2 312.9 314.6 316.7 318.2 238.6 237.7 237.9 66.5 67.9 67.2 33.8 34.0 34.3 6.1 5.4 6.1 118.4 120.0 121.4 167.3 166.8 166-1 320.1 321.6 321.9 110.4 111.1 256.1 258.7 3.8 3.8 21.0 21.4 20.6 22.3 2.8 3.0 JULY AUG. SEPT. 112.1 113.4 113.8 260.7 265.4 268.6 3.8 3.9 4.0 22-8 24.2 25.5 26.0 27.9 29.3 3.6 3.8 3.7 0C1. ilOV. DEC. 114.9 115.7 116.1 271.2 271.6 267.4 4.0 4.1 4.2 26.3 27.9 28.1 28.3 28.1 27.9 1961-JAN. FEB. NAB. 116.6 117.2 117.9 254.4 245.8 243.5 4.2 4.2 4,4 44.3 54.3 60.2 APR. MAY 118.9 119.8 243.1 240.7 4.6 4.4 6 13 20 27 119.4 119.4 119.6 120.3 3 10 P 17 P 119.1 119.6 119.9 1980-MAY JUNE Money market mutual funds7 NSA . WEEK ENDING: 1981-MAZ JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 3/ c u * * r N c y OUT S U E THF U . S . T K F A S U R / , F . * . B A N K S A N D V A U L T S r«pC H M M F ^ C U L A S . Th> DEMAND DEPOSITS AT C0*MF-*CIAL BANKS AN.J FOREIGN «ELA1E3 INSTITUTIONS 1TM> H T H A \ THOSF f.MIF TD rX^fMtNT AMD FORfcIGN BANKS AND O F F I C I A L INSTITUTIONS LKSS CA*H IT:.-MS I N THF P R b C r V OF COLfrtTiO.N AMD F . * U K L O A T OUTSTANDING AMJuN r Or U . S . D'JLLAR-D&N'ifllNATED TR*VeL£RS CHfcCvS OF NONSANK I S S U E S . INCLUDES ATS AND N'lti 3 A L A M C E S AT M.L 1 N S T I T J T I ) N S , CR6OIT viNlON 3H^R- 'JKAF1 ciALANC r S AND OHMAN0 O c^>OSITS AT 8ANKS, GTMER CH^:CKARLF u ^ O S I T S ^FASONALLY AOJJSThD EQUALS M l - 3 S^AS^ALLY ADJUSTED L r SS Ml-A SC A S G N A L L Y Ati JJsTcO 1*1 OF A.MHM .NTS INCLUDES OVERNIGHT AND CONTINUING CONTRACT <?S ISSUED TO THE NONHA^K » U 6 L I C bY MARKET MUTUAL FUNOS, ISSUED BY CARlKBf?AN BRANCHfcS OF U . S . MEMdtR BANKS TO U . S . NnNBANk CUSTOMERS* TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING. SMALL JENOMINATION TIME tiE°OSITS ARE THOSE ISSUED I N AMOUNTS Oh LESS THAN %IO2,JOO. H.6 (506) Table 3-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adi usted unless otlnerwise noted Large denomination time deposits1 at thrift at commercial Date banks2 institutions total at commercial banks Term RPs3 at thrift institutions total Term Eurodollars (net)4 NSA NSA NSA NSA Savings bonds Short-term Treasury securities5 Commercial Bankers paper7 acceptances^ 199.4 196.4 36.5 37.0 235.9 233.3 22.3 22.9 6.4 6.4 28.7 29.3 50,2 48.9 74.2 73,7 148.6 145.1 29.2 29.6 96.5 96.7 JULY AUG. SEPT. 190.8 191.4 194.1 37.4 38.2 39.2 228.2 229.6 233.4 24.2 27.2 26.4 6.5 6.6 7.2 30.7 33.8 33.6 48.3 48.3 45.1 73.5 73.2 73.0 143. 5 146.6 149,9 29.3 28.8 29.7 96.2 96.8 98.5 OCX. NOV. DEC. 196.8 202.8 212.5 41.0 42.6 44.2 237.7 245.4 256-8 27.9 28.7 28-9 7.8 8.1 8.4 35.7 36.8 37.3 45,2 46.3 48.4 72.8 72.6 72.3 150.6 155.5 160.5 30.6 31.3 32,5 98.9 99.8 100,2 1981-JAN. FEB. MAR. 222.5 227.3 224.3 45.5 46.6 46.7 268.0 273.9 271.0 31.0 30.3 28.3 8.4 8. 1 8.2 39-4 38.3 36.5 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.'* 97.6 APR. 222.6 230.9 46.9 47.7 269.5 278.6 28.3 28.3 8.8 9.2 37.0 37.5 1980-MAY JUNE MAY WEEK ENDING: 1981-MAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 13 20 27 224.3 229.4 231.3 233.5 26.6 28.0 28.8 29.0 3 10 P 17 P 237.9 237.9 238.2 29.4 30.3 30.0 6 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AdOUNTS OF $100,000 OR MORELARGE 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 EUBODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOXLAES HEID 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 (506) Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Date Currency1 at member banks2 Demand deposits at foreignrelated at domestic banking nonmember offices banks3 in the U.S.4 Other checkable deposits total Travelers checks5 at commercial banks6 at thrift institutions7 total Overnight RPs (net) 8 Overnight Money market Eurodollars0 mutual funds10 109.9 111.1 161.3 166.0 84. 1 86.0 5.6 5.6 251.0 257.6 3.7 4.0 14.1 15.4 6-0 6-3 20.2 21.7 20.6 22.3 2.8 3.0 J56-8 JULY AUG. SEPT. 112.7 113.7 113.7 167.9 169.1 173.0 87.6 88.1 89.8 6.2 5.8 5.8 261.7 263.0 268.6 4.3 4.4 4.3 16-6 17.7 18.7 6.5 6.8 7.1 23.2 24.4 25.9 26,.O 2 7.9 29.3 3.6 3.8 3-7 80. o 80.7 78.2 OCT. NOV. DEC. 114-9 116.7 118.4 175.6 175.4 177.0 91.5 92.8 93.0 5.7 5.3 5.4 272.8 273.5 275.4 4.1 3.9 3.9 19.6 20.5 20.9 7.3 7.5 7.4 26.8 28.0 28.3 28-3 28.1 27.9 4.4 4.7 4.5 77.4 77.0 75.8 1981-JAN. FEB. MAR. 115.7 115.8 116.8 165.9 151.0 150.6 88.0 82.8 82.1 5.4 5. 1 5.2 259.2 238.9 237.9 4.0 4.0 4.2 35.7 42-9 4 8.0 9-1 10.1 1U1 44.8 53.0 59.2 27.5 27.0 2a.7 5.. 2 4-9 4.-5 80.7 92.4 105-6 APR. MAY 118.4 119.3 156.2 148.0 85.7 82.8 4.8 5. 1 246.8 235.9 4.3 4.2 54-9 52.5 12.6 12.8 67-5 65.3 29,-3 32.4 4.7 6-1 117.1 118.. 1 152.4 149.3 148.5 145.0 85.1 83.6 82.2 80.7 5.1 5.0 5.1 4.9 242.6 237.9 235.8 230.6 53.2 52.8 52.2 51.8 13.1 12.8 12.6 12.4 66.3 65.6 64.8 64.2 33.8 27 11S.4 119.6 119.0 119.1 31-4 31-5 32.5 6.5 5-1 6.0 6.6 118.3 118. 1 117.9 117.8 3 10 P 17 P 118.8 120.8 120.1 147.4 149.1 83.0 83.4 83.7 5.4 5o4 235.8 237.9 239.8 53.1 54.5 54*9 13.1 13.5 13.1 66.3 68.0 68-0 33.8 34.0 34-3 6.1 5.4 6.1 116. 4 120.0 121. 4 1980-MAY JUNE 74.2 WEEK ENDING: 1981-MAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 6 13 20 151.0 5.1 CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS. DEMAND DEPOSITS OTHER THAN THOSE DUF TO DOMESTIC BANKS, TK£ lJmS. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS i> 1->S CASH IT^MS IN THF PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER RANKS OF THE FEDERAL RESERVE SYSTEM. DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVfcRNMFNT AND FOREIGN BANKS ANH OFFICIAL INSTit'JTIQf^ u . c „ CASH ITtMS 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 INV-ST*-«T COMPANIES. OUTSTANDING AMOJNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NHMSA^K ISSUERS. NOW AND ATS ACCOUNTS AT BANKS. NOW ACCOUMTi AT THRIFT IMSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCiS AND DEMANO DFPOSITS AT MUTUAL SAVING* dANKS. INCLUDES OVERNIGHT *NO CONTINUING CONTRACT RPS ISSUED T O THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS hELO «3Y Ji'**Y MARKET MUTUAL FUNDS. • ' ~ * iSSUEiJ ^Y CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. TOTAL M>NtY MARKET MUTUAL FUND SHARES OUTSTANDING. H.6 (508) Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Savings deposits at commercial banks Date at savings and loans at mutual savings banks at credit unions total at commercial banks Small denomination time deposits'1 at savings at at mutual and loans credit unions savings banks total 176.6 181.0 104.6 108.1 53.0 54.1 42.2 43.2 376.4 386.3 275.3 274.7 341.7 341.7 86.-2 86.3 12.0 12-4 715.2 715. 1 JULY AUG. SEPT. 187.2 190.3 191.0 112.7 115.8 117.5 55.6 56. 4 56.8 44.9 45.5 46.0 400.3 408.0 411.4 272.7 272.1 273.8 340.2 338.5 339.8 86.0 85.8 86.2 12.2 12.6 12.7 711.1 709.0 712.5 GCT. NOV. DEC. 192.2 190.7 183.7 117.0 113.8 108.9 56.5 55.2 53.4 46.2 45.3 44.2 411.9 405.0 390.2 277.2 28 2.7 290.7 343-7 349. 1 358.0 87. 2 88-6 91.2 13.1 14.1 15.5 721.2 734.6 755.2 1981-JAN. FEB. NAB. 176.3 171.9 171.3 103.3 101.0 101.7 51.7 50.7 50.8 42.9 42.0 41.9 374.2 365.6 365.7 301.8 308.3 312.5 365.3 367.9 369.3 93.3 94. 1 94.7 16.5 17.4 18.3 776..9 787-7 794.8 APR. MAY 172.2 169.2 101.7 99.6 50.8 49.8 41.7 41.1 366.4 359.6 313-3 318.1 368.5 368.6 94.5 94.9 16-9 19.6 795.2 801.1 1980-MAY JUNE WEEK ENDING: 1981-MAY 6 13 20 27' JUNE 1/ 3 1G P 17 P 168.0 314.8 316.6 318.5 320.0 167.4 167.a 166.7 322.0 323.6 323.7 170.7 170.1 169.0 • 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 Date Large denomination time depo sits! at at mutual savings total at savings commercial banks2 banks and loans Term RPs3 at commercial banks at thrift institutions total Term Eurodollars (net)4 Savings bonds Short-term Treasury securities5 j Bankers Commercial acceptances^ paper7 198.6 191.7 32.8 33.5 3.6 3.7 235.0 228.9 22.9 6.4 6.4 28.7 29.3 50.2 48.9 73.9 73.5 152.5 146.7 29.0 29.4 97-4 97.3 JULY AUG. SEPT. 186.8 188.5 191.8 34.1 35.0 35.9 3.8 4.0 4.1 224.8 227.4 231.8 24.2 27.2 26.4 6.5 6.6 7.2 30-7 33,8 33.6 48.3 48.3 45.1 73.3 73.2 73.1 142.7 146.9 150.2 28-8 2 8.. 6 30.0 96.2 95.6 S6.8 OCT. NOV. DEC. 196.0 205.6 217.8 37.1 38.0 39.1 4.2 4.4 4.5 237.4 248.0 261.4 27,9 28.7 28.9 7.8 8.1 8,. 4 35.7 36.8 37.3 45.2 46.3 48.4 73.0 72.9 72.7 149.0 151-6 157.5 30.6 31,3 31.4 98.1 100.3 100-0 1981-JAN. FEB. MAR. 225.8 230.5 227.7 40.4 41.1 41.3 4.6 4.7 4.7 270.8 276.3 273.8 31.0 30.3 28.3 8.4 8.1 8.2 39.4 38.3 36.5 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 98.2 APR. MAY 221.9 230.0 41.6 42.7 4.8 5.0 268.3 277.7 28.3 28.3 8.8 9.2 37.0 37.5 1980-MAY JUNE WEEK ENDING: 1981-MAY JUNE 1/ 2/ 3/ 4/ 5/ 6/ 7/ 22.-3 6 13 20 27 223. 1 228.6 230.8 233.2 26.6 28.0 28.8 29.0 3 10 P 17 P 235.1 232.8 231.9 29-4 30.3 30.0 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. TEBM 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 LEbS 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 4 MEMORANDA ITEMS Billions of dollars, rlot seasonally adjusted Demand deposits at banks due to foreign commercial banks Date 1*8J-MAi JUNE foreign official institutions Time and savings deposits due to foreign commercial banks and foreign official institutions demand deposits at Federal Reserve Banks commercial 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 13.2 12.3 3.7 3.3 10.2 10.8 2.6 3.2 2-8 2.9 5-9 6.8 11.3 12.9 0. 9 0.8 JULY A'JG. S2PT. 12.3 11.7 11. b 3.4 3.3 2.9 11.0 11.1 11.5 2.9 2.4 2.9 3. 1 3.3 3.3 6.1 b-5 11.0 12- 1 0.7 0.8 0.8 OC'i . NCV. DEC. 11.9 12.5 12.7 3.0 3.4 3.7 11.6 11.5 11.5 2.8 2.5 2.8 3.2 3-0 2.7 9.7 4.1 6.3 15.8 11.7 0.8 0. 8 0.8 12.0 12.9 12-1 3.5 3.6 3.4 11.3 11.3 11.1 2.8 2.8 2.8 3.2 3.3 3.0 5.1 5.4 7.5 11. 1 11.4 13..3 0. H 0 ,!> o-d 12.4 12.4 3.8 3.3 11.0 11.2 3.8 2.8 3-4 3.3 8.3 9.5 15.4 15.6 0.7 0.7 6 13 20 27 12.0 11.8 12.3 13.3 3.7 3.4 2.9 3.2 11.1 11.1 11.2 11.2 3.6 2.2 3.3 2.2 4.2 3.3 3. 1 2.8 14.3 13.0 8.0 6.9 22.1 18.5 14.4 12.0 0.7 0.8 0,7 0.7 3 10 P 1 7 P 12.8 12.6 13.6 3-5 3.8 3.4 11.3 11.2 11.2 3.1 2.3 4.7 3.0 2.6 3.2 3.4 5.0 6.4 9.5 10.0 14.4 0.8 0.7 0.8 i :• o I - J A a - r i. 1 • ;I A i » A :' t- . ,4 'n V 12.3 17-1 9.6 • i 9 :.J 1 ~ '! A I APPENDIX TABLE 1 MONEY STOCK MEASURES AND LIQUID ASSETS BILLIONS OF DOLLARS (NOT SEASONALLY ADJUSTED) (SEASONALLY ADJUSTED) 1 M1-A | CUBRENCY | PLUS | DEMAND | DEPOSITS | AND | TRAVELERS | CHECKS 1977 1979 1980 I M2 | M-1B PLUS | OVERNIGHI I BP"S AND | MMMF AND | SAVINGS | AND SMALL M3 1 k M-2 PLUS j M-3 PLUS i OTHER LARGE I LIQUID TIME ASSETS DEPOSITS AND TEEM RP"S | DEPOSITS I 1183.0 | 1195.5 i 1206.9 | | 1218.2 1229.6 1237.7 1247.7 1258.3 1268.9 1277.0 1287.7 1296.4 1314.6 1327.7 1340.4 1352.0 1366.3 1378.4 1391.8 1406.5 1420.2 1432.3 1449.2 1462-5 I 1603-4 1618.9 1635.3 1653.2 1669.5 1686.1 1707.7 1722.7 314.9 306.1 309.3 319.5 312.6 318..4 322.9 320.8 324.2 328-3 331.7 340.1 1739.0 1754.5 1770.6 1789.5 1809.9 1824.2 1840.1 1858-8 1876.8 1889.-0 1915.4 1936.5 339.4 327.8 330.5 343.0 337.7 344-7 349.1 346.9 352.0 354.4 356.5 364.2 1636.1 | 1648.0 I 1660.7 j 1674.6 [ 1686.5 I 1701-5 ! 1714.9 1 731. 6 1751.2 j 1760.2 | 1765.5 | 1775.1 1953.2 1970.3 1991.1 2012.4 2033.7 2061-7 2079-0 2096-8 2121.1 2132.8 2140-6 2151.1 358.0 345.5 348.8 362.7 353,-4 362.1 367.9 365-8 369.2 371.5 373.8 382.5 1791.5 1811.0 1818.6 1816.9 2174.7 21S8.9 2210.4 2218.2 378.4 368.5 369.5 373.3 | I JUN... | JUL... I AUG... I SEP... I OCT... NOV... DEC... 317.0 317.5 319.1 321.3 322.6 324.9 327.5 329.5 331.4 314.2 316. 1 318.2 320.8 321.4 323.2 325.5 326.9 329-4 332.2 334.2 336.4 JAN... FEB... I MAR... APE... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 334.9 335.0 336.3 339.7 343.0 345.6 347. 1 348.8 352.1 352.8 354.0 354.8 339.9 340.2 341.5 345.2 348.7 351.3 352.9 354.8 358.2 359.0 361.6 364.2 1305.3 1312.4 1320.4 1328.6 1339.0 1345.8 1353.7 1364-1 1376.7 1384.3 1394.6 1404.2 1474.4 1485.7 1500.6 1514.6 1531-5 1541.3 1553.5 1569.1 1584.2 1592.7 1611.5 1625.7 JAN.,. FEB... MAR... APE... MAY... JUN..., JUL... AUG.-. SEP...| OCT... NOV...| DEC... 353.8 353.4 355.4 359.4 359.0 363.0 365.9 367.5 369.1 369.7 371.2 372.7 364.8 365.9 368.9 374.5 374.5 378.5 382.2 384.5 386.4 387.2 388.7 390.5 1411.7 1420.5 1432.5 1446.5 1456.4 1470.2 1482.7 1495.3 1506.8 1510.8 1517.1 1525.2 JAN.-. FEB MAE..-. , APR... 374.4 377.2 376.5 370.1 392.7 396.9 396.7 391.0 1538.7 1553.4 1559.6 1553.6 I | | | | i | | L CURRENCY PLUS DEMAND DEPOSITS AND TRAVELERS CHECKS 1542.3 1558.3 1572.8 1587.1 310.6 312.5 314.4 | I 11 I I I I | I JAN,.. | FEB... MAR... APR... MAY... 1978 M1-B M-1A PLUS OTHER CHECKABLE DEPOSITS I I j i | | | | , M1-B | M-1A PLUS | OTHER | CHECKABLE | DEPOSITS I | | 318.4 309.7 I 313.1 | | | | | | | | 323.4 316.4 322-5 327.1 325.1 328.8 333-0 336.5 345.1 | J | | 344.5 332-9 335.8 348.4 343.3 350.4 354.9 352.9 358.1 360.6 364.1 373-6 1 *2 1 _ M3 _L M-1B PLUS J M-2 PLUS | M-3 PLUS LARGE | OTHER | OVERNIGHT \ | LIQUID TIME | RP"S AND | ASSETS | MMMF AND J DEPOSITS | | SAVINGS [ AND | AND SMALL { TERM RP»S I L| | | | | I TIME DEPOSITS 1184.4 1187.2 1204-3 | | | | | | 1225-6 1227.2 1241-1 1253.7 1256.5 1266-6 1277.6 1284.5 1299.0 | | | [ | | | J | 1317.2 1319.9 1338.2 1358.5 1363.5 1379.9 1395.9 1404.4 1417.5 1432.9 1446.8 1467.7 1307.6 1302.6 1316.6 1336.1 1335-0 1348.4 1360.1 1362.7 1375.8 1387.3 1392..9 1409.0 I | J | | J | | | J | | 1478.5 1477.3 1498.0 1521.1 1526.9 1540.9 1557.0 1566.4 1582.2 1595.7 1611.7 1634.6 1413-6 1409-1 1427-1 1453.1 1450.6 1472.4 1488.6 1493.7 1505.. 8 1514-3 1516.1 1531.3 | | | J | | i | | | { | 1640.3 1638.5 1657.3 1680.3 1680.0 1699.9 1717.6 1728.2 1748.7 1763.2 1766.7 1785.5 ! | | j | | | { | | | j 1955.9 1962.2 1989.8 2020.0 2030.4 2061.0 2080.2 2092.6 2117.6 2134.4 2139.9 2158.8 1541.3 1541.8 1554.2 1560.8 | | | | 1796.6 i 1801.4 | 1815.4 | 1822.9 I 2177.7 2190.7 2210.0 2227.0 I j | J J | I I 369.0 357.5 362.0 | | 377.4 I 368-2 377.9 384.5 383.0 386.8 389-2 391.4 400.6 | | I | | | | i 397.2 387.5 389.1 393.9 | j | | | | | | | | | | j j | | i j | j 1544.7 1552.1 1572.3 1594.6 1601.9 1619.6 1637.9 1650.4 1666.0 1686.3 1704.8 1726.7 1742.5 1747.5 1769.9 1797.5 1807.3 1823.8 1842.4 1855.5 1873.8 1891.2 1914.6 1943.6 APPENDIX TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS CURRENCY 270.3 272.0 273.0 273.5 273.6 271.6 267.9 266.5 266.0 264.7 262.3 259.8 488.8 491.7 493.1 494.0 495. 1 492.6 487.7 486.3 486.4 484.2 480.8 475.5 J | I | | I J I | | I I 171-6 172.2 173.0 173.6 174.5 176.3 178.1 179.8 182-4 184.4 186-1 189.2 285.5 287.6 290.4 293.4 296.8 303.0 311.2 317,3 323.5 329.5 336.8 344.2 212.6 210.6 209.2 207.5 206.7 206.1 205.9 205.5 203.9 199.8 195.9 193.7 255.4 252.1 250.2 247.4 244. 244. 243. 242. 238. 230.9 224.2 222.9 468.0 462.7 459.4 454.9 451.4 450. 1 449.3 447.5 442.3 430.6 420.1 416.5 | I | I | | J | I I | I 193.7 195.5 197.8 202.1 206.2 210.3 214.1 218.9 | 223.6 228.9 237.0 | 241.1 352.- 8 360.4 366. 9 372. 4 377.0 380.6 384.0 387.9 394.4 401.9 408.7 411.6 i 546.5 555.9 564.7 574.6 583.3 591.0 598.1 60.6.8 618.0 630.8 645.8 652.7 192.1 189.4 184.3 177.6 220.5 217.0 211.7 204.4 412.6 406.4 396.0 381.9 | I J | 414.6 418.6 424.3 431.8 | i | | 660.4 669.2 683.5 702.2 3.6 3.7 3.8 3.9 3.9 4.1 4.2 4.4 ' 4.6 4.7 4.8 5.0 242.5 242.0 242.5 245.3 247.6 249.4 250.3 251.3 253.7 253.7 254.0 253.9 3.1 3.1 3.2 3.2 3.3 3.3 3.3 3.4 3.4 3.4 3.5 3.5 5.1 5.2 5.3 5.5 5.6 5.8 5.9 6.0 6.1 6.3 7.6 9.4 21B.6 219.6 220. 1 220.5 221.5 220.9 219.8 219.8 220.4 219.5 218.5 215.6 98. 98, 99.6 100.3 101.0 101.9 102.7 103.7 104.6 105.2 105.6 106. 1 252.1 251.1 252.3 255.5 254.3 257.5 259.6 260.1 260.8 260.8 261.8 262.8 3.5 3.5 3.6 3-6 3.7 3.6 3.6 3.6 3.7 3.7 3.7 3.8 11.0 12.5 13.5 15.1 15.6 15.6 16.4 17.0 17-4 17.6 17.6 17.8 107.3 108.1 108.9 109.1 263.3 265.2 263.8 257.1 3.8 3.8 3.8 3.8 18-4 19.9 20.3 21.1 81.3 81.9 82-4 83.1 83.7 84.2 85.2 85.7 86.4 87.1 87.8 88.6 226.6 227.7 229.2 230.9 230.8 231.-9 233.1 233.9 235.5 237.3 238.6 239.7 1978 JAN. FEB. MAR. APR. MAY. JUN. JUL. AUG. SEP. OCT. NOV. DEC. 89.2 89.9 90.7 91.2 92.2 92.9 93.4 94.1 95.0 95.7 96.5 97.4 1979 JAN. FEB. MAR. APR. MAY. JUN. JUL. AUG. SEP. OCT. NOV. DEC. 1980 -1. 2.8 2.8 2.9 2.9 2.9 3.0 3.0 3.0 3.0 3.1 3.1 3.1 1977 JAN. FEB. MAR. APR. MAY. JUN. JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. 453.8 458.8 461.9 465.6 468.3 469.3 471.8 475.4 478.2 480.3 483.9 486.5 i SMALL TIME DEPOSI1S AT I AT i | TOTAL THRIFT ICOMMERCIALJ INSTS. i BANKS | 401.9 242.5 I 159.3 246- 1 | 406.7 | 160.6 | 412.0 249.6 | 162.5 253.0 I 417.2 j 164.2 | 166.1 I 423.0 257.0 | 429,. 0 J 167.7 261.3 | 434.1 265.5 I 168.6 269.6 J 168.9 I 438.5 273. 9 | 169.4 | 443.3 | 4 46,. 8 277.4 J 169.3 280-4 | 450.1 I 169.7 I 453.8 283.3 | 170.6 | OTHER 1 DEMAND |TRAVELERS |CHECKABLE DEPOSITS DEPOSITS | CHECKS 245.8 250-6 259.2 270.4 I | | I | | | I | | | | | , | 457.1 459.9 463.4 467.0 471.3 479.3 489.3 497,1 505.9 513.9 523.0 533.3 APPENDIX TABLE 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED) AT 1977 1978 1979 1980 JL JAN... FEB... | MAR..• I APR... MAY... | JUN... JUL... AUG... | SEP... OCT.-. NOV... DEC... COMMEECIAL BANKS 109.9 110.0 110.4 110.J 110.7 114.8 117.6 120.4 122.8 126.8 131.0 135.0 TOTAL 117.7 117.8 118.3 118.5 119.1 123.4 126.4 129.6 132.2 136.3 140.7 145.1 | | 1 SHORT-TERM TREASURY SECURITIES SAVINGS BONDS | | I | I | | | | | J I 72,2 72.6 73.1 73.5 73.9 74.3 74.8 75.1 75.4 75.7 76.1 76.4 76.9 77.4 77.6 78.3 78.7 79.1 79.4 79.6 79.7 79.9 80.1 80.3 J | 80.4 81.8 81.8 82.1 81,* 5 81.5 83.1 84.9 86. 1 87.5 89.3 90.1 91.3 91.7 91. 1 91.7 91.9 92.8 93.5 94.2 96.5 97.0 97.3 99.6 10.6 11.2 11.8 12.5 13.0 13.5 13.8 14.3 14.7 15. 1 15.6 16.1 148.7 152.2 158-0 163.6 169.0 173.6 177.1 180.8 183.5 183.9 190.8 194.0 I | | | | I | | | | I | 180.5 182.3 181.8 180.2 179.3 178.2 178.1 180.8 186.3 190.5 189.7 189.4 16.8 17.7 18. 1 18.6 19.4 20.8 22.2 23.3 24.5 26.2 28.4 30.2 197.4 200.0 199.9 198.8 198.6 198.9 200.3 204.2 210.8 216.7 218.1 219.7 i | I | | I | | I | | i 80.5 80.6 80.7 80.8 80.9 80.8 80.8 80.6 80.5 80.3 80.0 79.6 101.6 103.1 108.4 113.2 119.5 128.4 127.5 121.8 123.0 124. 6 126.5 129. 1 190.9 193.9 195.9 198.9 31.9 33.6 34.3 35.5 222.8 227.5 230.2 234.4 | | | | 79.2 78.2 77.0 75.4 132.3 134.2 138.3 146.3 JAN... FEB... MAR... | APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 138.1 141.0 146.2 151.1 156.0 160.1 163.3 166.5 168.8 168.7 175.2 178.0 JAN... FEB.,. MAR.., APR... MAY... JUN... JUL... AUG... SEP... OCT..., NOV... DEC... JAN... FEB... MAR APR... LARGE TIME DEPOSITS I AT THRIFT I INSTITUTIONS^ 7.7 7.8 ! 7.9 8.1 I 8.3 8.6 I 8.9 I 9.1 9.4 9.5 9.7 10.1 I I | | I | COMMERCIAL PAPEB BANKERS ACCEPTANCES L_ I I | I 9.9 10.5 10.7 10.8 11.0 11.3 11.2 11.4 11.6 11.8 11.9 11.9 12.9 13.9 14.0 15.1 15.7 16.1 16.7 17.2 17.0 17.6 19.9 21.7 22.3 21.5 21.4 21.4 21.6 21.8 22.8 25.2 26.4 26.8 27.5 27-0 27.6 27.1 28.1 28.9 J 52.3 52.7 53.4 54.7 55-7 57.6 58.4 59.0 60.0 61.5 62.5 63.1 j | | 64.4 65.1 65.6 67.6 69.1 70.3 71.4 72.2 73.2 74.9 77.0 79.4 81.0 82.9 84.6 86.5 8 8.2 90.6 92.2 93.8 95.4 96.2 96.4 97.3 98.6 99.0 99.3 100.6 APPENDIX TABLE 4 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) DEMAND DEPOSITS AT | CURRENCY MEMBER BANKS | | | | 1977 JAN... | FEB.... | MAR... | APfi... | MAY... | JUN,... | JUL... [ AUG... | SEP... | OCT... | NOV... | 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 16070 153.6 155.1 160.8 154.7 157.7 159.4 158.0 159.5 161.9 162.2 167.3 | | | | | | | | | | | ! 1978 JAN... | FEB... | MAR... | APR... | MAY... | JUN... | JUL... | AUG... | SEP... | OCT... | NOV... | DEC... I 88.6 88.9 89.9 90.9 91.9 92.9 94.0 94.3 94.9 95.7 97.4 99.4 167.8 158.5 160.1 167. 1 162.7 165.8 168.0 166.3 168.1 169.1 167.8 171.5 | | | | | | JAN... I FEB... MA R« . .| APfi... | MAY..., | JUN... JUL... AUG... SEP... OCT... NOV... DEC... 97.5 97.7 98.7 99.9 100.7 101.9 103.2 103.9 104.5 105.2 106.6 108.3 JAN... FEB... MAR... APR...1 106.6 106.8 107.9 108.7 1979 1930 OTHER CHECKABLE DEPOSITS AT | FOREIGN | TRAVELERS | kl AT | AT DOMESTIC RELATED | CHECKS THRIFT I | COMMERCIAL| TOTAL I BANKS NONMEMBER BANKING | I INST BANKS OFFICES | |XN THE U.S.I I | 1.4 2.6 4.3 | 67.2 | 3.6 I 2.2 2.7 4.1 | 64.8 I 2.2 1 3.7 2.7 I.5 3.9 | 65.8 J 3.8 1 2.3 2.7 I.5 69.3 3.8 | I 2.4 | 3.9 1.4 2.8 3.8 | 67.7 | 3.9 I 2.5 1.5 3.1 3.8 | 69.6 I 2.6 1 <*. 1 4.4 ( 70.0 3.4 1.6 I 4.2 1 2.7 69.0 3.4 4.6 j 1.6 | 4.4 1 2.7 4.7 | 70.6 3.2 I 4.6 .7 I 2.8 3.1 4.9 | 71.5 I 4.7 i.8 I 2.9 3.0 | 1.8 4.9 | 73.1 | 4.8 I 3.0 4.4 | 2.9 75.3 I 1.9 I 5.0 3.1 75.5 72.8 73.2 77.0 75.4 77.9 78.7 78.0 80.4 81.3 83.0 84.8 4.5 4.7 4.3 4.9 4.5 4.8 4.6 4.5 5.0 4.9 4.9 5.2 | | | J | J | | | | | J 2.9 3.0 3.0 3.0 3.1 3.4 3.8 3.8 3.6 3.5 3.3 3.3 168.5 159.1 160.4 168.5 161.1 165.9 169.1 167.2 167.9 169.0 169.5 175.3 83.3 80.5 81.2 86.0 83.1 85.2 86.2 85.3 87.3 87.8 88,. 5 90.3 | | 5.4 4.9 5.1 4.8 5.0 5.4 5.3 5.3 5.6 5.7 5.7 5.2 | | | | | | | | | \ | | 3.3 3.3 3.4 3.4 3.5 3.8 4.0 4.1 3.9 3.8 3.6 3.5 173.9 165.4 164.9 168.6 88.9 86.6 86.5 86.9 \ | | | 5.5 6.1 6.5 5.4 | | | | 3.6 3.6 3.6 3.6 | J i I | I I J 1.9 1-9 2.0 2.1 2.0 2.1 2.1 2.2 2.3 2.3 3.6 5.3 | | | 6.8 7.7 8.8 10.1 10.1 11.0 11.7 12.1 12.5 12.5 12.4 12.8 | | | 13.4 13.6 13.9 14.7 i | | I | I | | 3.2 3.2 3.3 3.4 3.6 3.7 3.8 3.8 3.9 4.0 4.0 4.1 1 | I I | | I | | 5.1 5.2 5.3 5.5 5.6 5.8 5.9 6.0 6.1 6.3 7.6 9.4 | | J | | | 4.2 4.3 4.5 4.6 4.8 4.9 5.0 5.1 5.2 5.3 5.3 5-4 \ | | | | 11.1 12.0 13.3 14.8 14.9 15.9 16.7 17.2 17.7 17.7 17.7 18.2 | | | | 5.5 5.6 5.8 6.0 j | | | 18.8 19.1 19.7 20.7 | I | | APPENDIX TABLE 5 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) _ 1977 1978 1979 1980 I OVERNIGHT | RP'S | GROSS _ _J | 12.5 JAN... | 12.9 FEB.... | 13.7 MAR... | 13.7 APR... | 15.9 MAY... I JUN... I 15.2 15.4 JUL... | 16.4 AUG... I SEP... | 16.7 16.4 OCT... | 18.0 NOV... I 17.9 DEC... | 1 OVERNIGHT I | | RP'S |OVERNIGHT | | EURODOLLAR| | NET .L L — ——_ ,_JL 0.0 | ( 12.4 | 0.1 | I 12.8 | | 13.6 | 0.2 | 0.3 | I 13.5 | 0.4 I | 15.7 | 0.5 I I 15.0 | 0-5 I | 15.2 * | 0.6 | | 16.2 | 0.7 | | 16.5 | 0.8 1 I 16.2 J 0.9 I | 17.7 | I 1.0 | 17.6 I MONEY MARKET MUTUAL FUNDS 3.6 3.8 3.8 3.7 3.6 3.5 3.4 3.4 3.5 3.5 3.6 3.8 JAN... | FEB... I MAR... | APR... | MAY... | JUN... | JUL... I AUG... SEP... OCT... NOV... DEC... 17.3 17.8 18.7 18.5 19.3 17.5 18.2 19.7 19.4 19.8 21.2 22.2 I | | | | | | | | | | | | I | I | 4.2 4.8 5.3 5.8 6.3 6.8 | 7.2 7.8 8.4 8.9 JAN... FEB... MAR... APR... MAY... JUN... JUL...| AUG...| SEP...I OCT...i NOV...| DEC...I I 21.8 22.6 23.5 24.3 26.5 27.1 26.2 | 26.2 27.4 26.8 24.5 24. 1 { 21.2 21.9 23.1 23.9 25.9 26.4 25.5 25.4 26.3 25.4 22.6 21.8 | | | 1 | j | | | 2.8 2.8 2.8 2-9 3.0 3.3 3.6 3.5 3.2 3.6 JAN...| FEB... | MAR...I APR.... | 25.4 26.7 25.2 21.9 23.1 24.3 22.9 19.5 | | | | 4.4 3.5 3.4 2.5 | | | 17.0 17.5 18.5 18.2 19.0 17.2 17.9 19.3 19.0 19.5 20.9 21.9 1 1 | | I | | I 1-1 1-1 1.2 1.3 1-4 1.5 1.6 1-7 1.7 I 1-8 | AT | {COMMERCIAL | L—BANKS IL | 203.4 I | 206.0 | | 209.7 | | 212.6 I | 213.3 I | 213.5 I | 214.7 I | 215.1 | | 215.0 I | 215.9 | I 215.7 I | 215.8 I I | | | | | I I | 1.9 2.0 9.4 10.3 2.3 2.6 12.1 14.5 16.8 19.2 21.8 24.6 28.0 31.2 33.7 36.9 40.4 43.6 | | | | j | I { | | | 49.1 56.7 60.9 60.4 || | | | | | | | | J | J j i I | | | | J SAVINGS DEPOSITS | AT AT | AT CREDIT MSB M S | S&LnS I I UNIONS i 74.0 | " 38.2 135.4 | 38.7 74.2 | 136.1 I | 39.6 75.0 137.6 75.7 | 40.2 139.4 | 40.7 75.7 | 139.8 | 41.7 141.5 | 76.1 | 42.2 76.4 | 142.9 | 76.4 | 42.2 143.4 | 42.8 76 . 7 | 144.3 | 43.4 76.8 | 145.2 I 43.8 76.7 | 145.2 | | 44.5 I 77.0 145.8 | L 1OTAL | 1 | I | I | | I | I i I I 451.0 | 455.0 | 461.9 | 467.9 | 469.4 | 472./ | 476.1 | 477.1 { 478.8 | 481*3 | 461.5 | 483. 1 i | | | | I | | | 485.9 486.7 491.9 495. 1 495.0 495.4 492.5 489.2 488.8 487.2 479.3 472.6 211.5 208.7 208.6 208.1 206.5 206.7 207.6 206.7 204.5 201.4 195.1 192.3 | | | | | | | | | | | 134.8 132.0 i 132.1 I 131.1 | 129.8 | 130.9 | 132.0 | 131.3 | 129.3 | 124.7 | 119.4 | 117.9 | 69.5 68.0 | 67.8 j 67.1 | 66.5 j 66.7 | 66.6 | 65.9 | 64.9 | 62.9 | 60.6 | 59,. 8 j 48.8 48.1 48.6 48.3 47.5 47.9 47.9 47.1 46.7 45.5 44.0 43.9 | j | | | | | | J | | 464.6 456.9 457.1 454.7 450.2 452.1 454.0 450.9 445.4 434.4 419.1 413.9 J | | | | | | | J | J | 1 1 | J | J | | | | | | | 191.1 187.3 183.4 177.9 | | | | 116.3 113.3 110.9 106.6 58.9 57.4 56.2 54.2 43.3 42.6 42.9 42.7 | | | 1 409.6 400.7 393.3 381.4 | | | I 217.7 218.1 220.1 221.8 222.0 222.0 221.5 220.7 220.6 220.6 217.4 214.1 | | I I | | I | 146.0 I 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 i 8 72.3 71.1 | | | | | | | | | | 45,. 1 45.6 46.7 47.5 47.8 48.6 48.9 48.7 49.1 49.5 49.4 49.7 | i | | | I | | | I APPENDIX TABLE 6 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) | AT 1 | COMMERCIAL| | BANKS | 1977 1978 JAN... | FEB... I MAR... | APS... | MAY... | JUN... JUL... | AUG.,.. SEP... OCT... | NOV... I 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... OC1... NOV... DEC... 171.3 173.1 174.1 174.2 175.4 177.0 178.1 179.2 181.7 184.2 184.8 187.8 | I | | I | | I 5MALL DENOMINATION TIME DEPOSITS | AT | AT | MUTUAL J CREDIT AT | SAVINGS I UNIONS SSL M S | 1 BANKS 196.0 | 47.0 I 0.0 | 47.6 I 199.7 | 0.0 | 203.0 I 0.0 | 48.2 I 48.5 I 206.3 | 0.0 | 48.9 I 208.5 | 0.0 | 211.5 | 0.0 | 49.7 I I 50.4 I 215.0 0.0 | 50.8 I 217.6 I 0.0 | 220.9 0.0 | | 51.3 I 52.0 I 224.2 I 0.0 | 0.0 I 52.6 | 226.2 I 0.0 229.0 I I 53.2 232.5 234.5 237.0 239.6 240.7 244.8 250.8 254.4 258.7 264.2 269.6 275.8 I I I | | | | | 54.0 54.6 55.2 55.7 56.1 57.3 59.2 60.2 61.3 62.6 64.6 66.6 I I I I 0.1 0.2 0.3 | 0.4 I | I I I I I 0.6 0.7 0.8 0.9 | 1.0 | 1.2 1.3 1-4 I 1OTAL 401.9 408.6 414.6 419.7 424.4 429.7 434.1 436.8 441.1 445.5 447.1 451.3 457.8 462.4 466.6 470.0 472.8 479.8 488.9 494.8 502.7 512.4 520.3 531.7 | LARGE DENOMINATION TIME DEPOSITS | AT | AT I ICOMMERCIALJ AT I MUTUAL | TOTAL S&L"S | SAVINGS | BANKS | 1 BANKS 6.8 I | 111.3 | 0.8 I 118.9 6.8 1 118.4 | 110.8 | 0.8 jI 7.0 | 118.7 0.8 | I 110.9 | 117.6 | 109.6 I 0.9 7.2 | | 110.4 I 118.7 0.9 | 7.4 I 121.6 0.9 I 112.9 7.8 | 124.6 8.1 0.9 I | 115.6 I 129.2 0.9 8.4 | | 119.8 | 131.8 1.0 8.6 I I 122.2 I 8.7 136.3 I 1.0 I 126.6 I 141.5 8.7 | 131.8 | 1.0 147.7 I 137.7 1.0 8.9 | | | I | | | | | | 140.1 142.5 147.6 150.. 3 155*4 157^1 160.2 164.8 167.3 168.4 177.1 182.2 1.1 9.3 9.9 | I | 10.4 11.1 11-7 12.2 12.6 13.1 13.5 13.7 13.9 14.1 j 1. 1 I.2 1I.2 I l»3 I-3 I.4 [ I.5 I.6 I.6 I.7 | 1.7 150.5 153.5 159.3 162.7 168-3 170*.6 174*.2 179.4 182.4 183.7 192.7 198.1 i 1979 JUN...| JUL...| AUG...| SEP...| OCT...| NOV.... | DEC...| 193.3 196.5 199.0 202.9 207.3 211.4 213.9 218.0 222.5 228.5 235.6 239.6 JAN...| FEB...| MAR...| APR...| 245.3 251.8 260.8 271.4 JAN.-. FEB... MAR...1 APR...i MAY...i 1980 | | | | 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 70.8 72.2 73.2 73.4 73.6 73.9 74.2 75.3 77.0 78.5 79.5 | | | | 325.7 329.1 333-8 339.3 | I | | 80.4 81.3 82.8 84.9 | | I | | | | | j | | | 7-9 J 8.7 9.5 9.8 | | | 547.4 558.8 568.6 578.5 584.9 591.7 596-9 603.3 613.5 628.5 643.1 651.4 10.2 10.5 10.9 11.2 | | | | 661.5 672.7 688.3 706.9 1.8 2.4 3.0 4.0 5.0 5.6 6.3 7.1 | j | | i 183.1 184.5 184.0 179.^ 178.6 174.2 174.6 178*5 184.3 189.7 192.2 194.2 | 5 | 193.8 196.4 198.7 198.1 | | 1.8 1.9 2.0 2.1 2.2 2-3 | | | | | I 14.8 15.5 15.9 16.3 | 17.1 18.6 20..1 ] 21.3 | 22.4 J 23.8 | 25.4 | 26.8 | 2.4 2.5 2.6 2.7 2.8 2.9 i | | | | | 199.7 201.9 201.8 197.9 197.9 195.1 197. 1 202.3 209.3 216.2 220.5 223.9 | | | | 28.4 29.9 30.6 31.6 3.1 j 3.2 ( 3.3 J :1.4 | 225*3 229.5 232.5 233.1 | | | | | APPENDIX TABLE 7 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) Ii | TERM EURODOLLAR | TERM RP»S AT 1977 1978 1979 1980 COMMERCIAL 1 BANKS 12.0 JAN... 12.4 FEB... MAR... 13.2 13.1 APR... 15.2 MAY... 14.6 JUN... JUL... 14.8 15.7 AUG... 16.0 SEP... 15.7 OCT... NOV... 17.2 17.2 DEC... JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP.,.. OCT... NOV... DEC... 16.6 17.1 18.0 17.8 18.5 16.8 17.5 18.9 18.6 19.0 20.4 21.4 JAN... FEB... MAR... APR... MAY...| JUN... JUL... AUG... SEP... OCT... NOV... DEC... 21.0 21.7 22.6 23.4 25.4 26.0 25.1 25.1 26.3 25.6 23.5 23.7 JAN... FEB...J MAR... 23.6 23.6 22.1 22.3 APR...i AT I I THRIFT INSTS. 1.9 I I 1-9 2.1 2.2 2.4 | 2.7 | 2.8 | 3.0 3.1 I | | 3-3 3.5 3.8 3.9 4.0 | 4.2 4.6 5.0 5.1 I 5.2 | 5.3 5.4 | I 5.6 5.8 6. 1 6.1 | I I | 5.8 5.7 5.9 6. 1 6.4 6.8 7.0 7.3 7.0 6.7 6.6 | | | | | 6.5 6.6 | 6.7 6.6 I | | | | j | | | 13.0 13.1 13.5 14.0 15.0 15.7 16.0 16.2 16.2 17.2 18.7 18.7 | | | | I | 19. 1 20.7 21.7 22.2 23.0 24.5 25.6 26.6 26.1 26.9 29.5 29.9 | 31.6 34.3 35.2 35.9 37.0 38.5 40.8 43.9 44.6 44.6 44.8 42.9 45.6 49.4 49.1 50.1 | J | SHORT1 I I BANKER(IS ICOMMERCIALI SAVINGS | TERM PAPER J BONDS | TREASURY |ACCEPTANCE| I SECURITIESI 80.7 72.2 1 52.1 | I 9.5 72.6 82.4 i 53.3 J | 10.7 73.0 1 53.7 | | 10.8 83.1 73.4 1 54.7 J 83.1 | 10.8 J 56.1 | 73.8 | 11.1 82.3 | 57.6 | 11.4 80.7 74.3 | 58.3 | 74.7 11.3 81.7 75.1 I 58.4 | | 11.6 84.6 75.4 86.1 I 58.9 | 11.8 87.4 11.9 I 61.2 | 75.8 | 88.4 11.7 76.2 I 63.1 | 11.4 89.3 76.6 I 63.1 | 77.0 77.4 77.6 78,2 78.6 79.0 79.3 79.6 79.8 80.1 80.4 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.5 80.3 80.0 79.2 78.2 76.8 75.1 | | j | | | I | I 91.0 91,9 92.3 93.2 93.4 92.8 92.5 94.3 96(.6 96.5 95.7 98.4 100.7 102.8 109.6 115.2 122.2 129.1 126.5 122.0 123.2 123.6 123.7 127.1 | | | | | J I | | 130.8 133.5 139.8 149.2 | | | | 12.5 14.3 14.4 15.2 15.7 16.2 16.6 17.3 17.2 17.6 19.6 20.8 21.6 22.3 22.0 21.5 21.5 21.8 22.5 2 5,. 3 26.6 27.0 27.3 26.1 26.8 28.2 28.9 29.0 | | | | I | I I I | I i | | | I I I 64.3 65.8 66.0 67.6 69.7 70.6 71.4 71.4 71.9 74.4 77.6 79.4 | | | | | | | | | | | | 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 | | | J | | | | | I | 98.7 100.0 99.8 100.7 | | | i APPENDIX TABLE 8 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) U.S. GOVERNMENT DEMAND DEPOSITS TIME AND NOTE AT SAVINGS BALANCES FEDERAL FOREIGN AT ( DUE TO FOREIGN RESERVE | AT BANKS COMMERCIAL FOREIGN COMMERCIAL OFFICIAL BANKS j AND THRIFTS BANKS OFFICIAL | INSTITUTIONS BANKS INST & BANKS, I I L J 12.0 | 3.9 | 8.1 2.8 | 0.0 7.9 | JAN...| 11.4 | 0.0 10.7 | 8.0 4.2 | 2.2 | FEB...I 0.0 8.5 | 4.3 | 8.0 MAE...| 11.2 | 2.3 | 0.0 7.4 | 5.4 11.2 | 2.4 APE...| 8.0 | 0.0 10.9 | 3.6 | 11.8 J 2.5 | 8.3 MAY...i 0-0 7.0 | 5.0 12.2 | 2.6 8.6 | JUN... 3.6 | 11.8 | 0.0 8.9 2.8 | 9.1 JUL...| 0.0 | 6.0 { 3.4 | 11.3 2.6 | 8.9 | AUG...j 0.0 2.7 6.9 | 10.9 | 8.8 5.0 SEP...| 3.7 | 11.2 | 0.0 6.7 | 2.7 | 8.8 | OCT...| 11.5 | 3.5 | 0.0 2.4 j 2.6 9.1 | NOV | 0.0 5.6 i 11.6 10.2 3.1 DEC...| 5.1 I DEMAND DEPOSITS 1977 1978 MAY | JUN... JUL...| AUG... SEP... OCT... NOV.,.. DEC... 9.8 10.5 10.3 9.9 10.2 10.2 10.0 10.1 9.9 10.0 10.2 10.9 JAN FEB... MAR... APR... MAY... | JUN... JUL... AUG... SEP... OCT... NOV... DEC... 10.4 10.2 9.8 9.6 10.1 10.7 11.0 10.8 11.4 11.6 11.7 12.3 JAN... FEB MAR... APR... 11.9 12.1 12.9 12.7 JAN...| FEB... MAR... APR...i 1979 1980 | | I I I I I | | j DUE TO 3.0 2.8 2.7 2.9 2.6 2.5 2.6 2.6 2.6 2.7 2.6 2.8 2.6 2.7 2.7 2.9 3.1 3.3 3.1 2.9 2.7 2.5 3.2 | | | | | | I | | | 3.4 I 3.5 3.3 3.2 3.8 i I I 11.8 12.1 12.1 11.7 11.4 11.3 10.9 10.9 11.2 11.2 11.8 11.6 . 11.6 11.0 10.9 10.5 10.0 9.9 9.9 9.8 9.8 9.2 8.8 9.9 9. 6 9.1 9.4 9.7 { | | | | | I | I I | | 4.3 4.3 4.8 5.0 4.0 6.2 4,4 3.5 6.2 4.3 2.7 3.3 2.6 2.5 2.5 2.6 2.4 3.5 2.2 2.3 2.7 2.1 2.3 2.7 3.0 2.7 2.7 3.6 i | | | | | | | I I 7.5 5.7 4.7 5. 2 6.4 7.5 10.6 9.9 11.0 15.0 8.2 4.0 3.4 3.5 3.1 2.8 3.3 3.3 3.3 3.0 3.9 3.3 3.0 3.0 3.1 3.4 2.7 2.6 | | | | | | | | | I I | I | 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 I a.s. G O V T . TIME AND i SAVINGS DEPOSITS | | | | I I I I 1 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.9 0.9 | | | | i | ( | | 1 | | 1 1 I 1 I I I I 1 0.9 0.8 0.9 0.9 1-0 i-o 1*0 1-0 1-0 0.9 0.9 0.9 J I { | | j | | | | | | | | | | | | | | | | | | j J J | 1 1 1 j1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.6 7.0 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 9.5 5.9 4.1 2.7 6.0 7.3 11.0 7.5 9.7 9.6 3.3 6.9 | | | | | I | | | | | | 15.4 11.9 9.6 8.2 11.7 14.1 16.5 12.8 16.3 15.0 8.6 12.7 1 1.0 1.0 ). 9 )-9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1-0 9.6 9.0 5.1 5.4 | | | | 15.8 15.1 10.5 11.6 1 1 1 1 0.9 0.9 0.9 0.9 APPENDIX TABLE 9 MONEY STOCK MEASURES AND COMPONENTS { B I L L I O N S OF DOLLARS) WEEKLY SEASONALLY ADJUSTED | 1979 JAN 3... JAN 1 0 . . . 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 28 APR 4... APR 11 APR 1 8 . . . APR 2 5 . . . MAY 2... MAY 9 MAY 1 6 . . . MAY 2 3 . . . MAY 3 0 . . . JUN 6... JUN 13 JUN 2 0 . . . JUN 2 7 . . . JUL 4... JUL 11 JUL 18 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 17 OCT 24 OCT 3 1 . . . NOV 7 NOV 14 NOV 2 1 . . . NOV 28 DEC 5,.. DEC 1 2 . . . DEC 1 9 . . . DEC 2 6 . . . L | | I | | | I | | | | | | | | I | | | I | | | | | | | | | | | | I | | | | | I | I M-1B M-1A CURRENCY J 355.1 354.4 354.5 353.4 353.0 353.1 352.7 353.8 353.8 354.9 355.0 355.5 356.2 357.0 358.3 359.7 360.1 359.3 359.1 359.1 359.0 358.7 362.2 352.5 ,>63.1 363.8 364.2 365.0 366.0 366.3 366.4 366.8 367.5 368.0 367.9 368.8 368.9 369.4 369.5 370.1 369.6 369.0 369.3 369.3 371.0 371.1 371.6 370.3 370.5 371.2 371.5 3 73.5 | j | j | j | | | j | | | | | | | | | | | | { | | 365.1 364.1 365.6 365.0 364.8 365.4 365.5 366.2 366.8 367.9 368.2 369.2 370.1 370.8 372.1 3 75.1 375.9 375.1 374.2 374.4 374.9 374.9 378.1 377.9 378.8 379.5 380.4 381.3 382.2 382.6 383.1 3 83.7 384.4 385.3 384.8 385.8 385.9 386.8 3 86.5 387.5 386.8 386.5 386.9 387.1 388.0 387.5 389.2 389.2 388.7 389.2 389.3 391.1 j | | | I I I I | I | 97.9 98.0 98.2 98.3 98.5 98.6 98.7 98.9 99.1 99.3 99.3 99.6 99.9 100.0 100.0 100.3 100.4 100.6 100.7 100.9 101.2 101.3 101.6 101.7 101.8 102.1 102.3 102.4 102.6 102.8 103.1 103.4 103.6 103.9 104.1 104.2 104.4 104.7 104.7 105.0 105.1 105.2 105.3 105.4 105.6 105.8 105.9 105.9 105.5 106.0 106.1 106.4 NOT SEASONALLY ADJUSTED | DEMAND | DEPOSITS | | | | | | | I | | | | | | | | | | | | | | | | | | I | I 253.6 252.9 252.8 251.6 251.0 251.0 250.5 251.3 251.2 252.0 252.1 252.4 252.8 253.4 254.7 255.9 256.1 255.1 254.7 254.5 254.2 253.7 257.0 257.2 257.7 258.2 258.3 259.0 259.8 259.9 259.7 259.8 260.3 260.5 260.2 260.9 260.7 261.1 261.0 261.4 260.8 260.1 260.4 260.2 261.7 261.6 262.0 260.6 261.3 261.5 261.7 263.3 OTHER | CHECKABLE | | t M-1A LDEPOSITS 1 n 375.3 1 10.1 || 366.8 I 9.7 || 1 11-2 | J 362.9 350.8 I 11-6 || 11.9 | i 344.3 12.3 | | 350.7 347.9 12.8 || 12.4 | | 344.0 I 13.1 | | 339.4 351.1 I 13.1 || 349.9 13.2 || 348.9 I 13.7 || 343.5 13.9 i| 13.9 | I 355.8 362.6 13.9 || 15.5 | | 369.2 | 15.9 J J 362.3 15.9 | i 357.8 15.2 1 I 355.3 15.4 | J 355.8 351.1 16.0 |I 349.4 16.2 || 363.7 15.9 || 15.4 || 364.2 15.8 || 362.2 15.7 || 357.6 367.2 16.3 1| 16.4 | | 371.9 16.3 | J 371.2 363.4 I 16.4 1| 16.8 | J 364.0 16.9 | | 367.5 369.0 I 16.9 || 365.7 17.3 || I 17.0 | | 360.4 370.3 1 17.1 |i I 17.1 | 1 372.5 I 17.5 | | 37 0.9 363.0 I 17.1 || I 17.5 | J 370.9 I 17.3 | | 375.4 I 17.5 | J 374.0 I 17.7 | J 367.9 I 17.9 | | 366.8 1 17.0 | I 376.9 I 16.4 | | 375.0 I 17.6 | J 372.7 I 19.0 J | 36 8.4 376.7 I 18.3 I| 1 18.1 i I 379.2 I 17.8 | i 380.8 I 17.7 | | 382.7 M-1B | CURRENCY L | | j | | I I | [ | | 385.6 377.6 374.1 362.1 355.6 362.4 359.7 356.0 351.8 364.0 362.9 362.1 356.9 370.0 377.1 384.2 377.2 372.6 370-0 370.5 365.9 364.4 379.4 379.9 378.1 373.3 383.6 388.5 387.9 380.1 380.9 384.6 386.1 382.8 377.6 387.9 390.2 388.6 380.3 388.6 393.1 391.8 385.5 384.3 394.6 392.6 390.2 385.9 394.6 397.2 398.9 400.8 | | | I | | | | I I I | | | I | | 98.6 98.8 97.7 97.0 96.2 97.9 97-8 97.8 97.0 99.0 98.7 98.7 98.2 99.3 100.7 100.5 99.2 99.2 101.2 100.8 100.5 100.6 102.0 102.2 101.7 101.2 102.9 104.0 103.5 102.8 102-6 104.6 104.3 104.0 102.. 9 105.1 105..0 104,. 3 103.6 104.3 106.4 105.5 104.8 104.3 106.6 107.0 106.8 106.3 106.9 108.2 108.3 109.6 | DEMAND | OTHER | | DEPOSITS |CHECKABLE ) | I DEPOSITS | | 273.4 I 10-3 | | 10.8 | | 264.7 11.2 | | 261.9 11.3 | | 250-6 11.4 J | 244.7 11.7 | 249-5 11.9 | | 246.7 | 242.8 12.1 | 12.4 | | 239.1 13.0 | | 248.7 j 13.1 1 | 247.8 246.8 13.3 | | 241.9 13.5 | | 253.1 14.2 | 258.5 14.6 I 265.3 15.1 | 259.7 14.9 | 255.1 14.8 j 250.6 j 14.7 J 14.7 | | 251.4 247.0 14.9 J 245.1 15.0 1 15.7 | i 258.0 258.3 j 15.8 \ 256.6 I 16.0 J 252.5 15.8 I 260.4 | 16.4 J 263.9 | 16.6 | 263.7 16.8 | 256.5 { 16.8 I 257.3 17.0 I 258.8 j 17.2 | 260.5 17.2 | | 257.6 J 17,2 i 253.4 17.3 | I 261.2 17.7 | I 263.6 17.8 | 262.6 | 17.8 | 17.4 | i I 255.6 262.7 17.8 | | 265,. 2 17.8 | | 264.8 17.8 | | 259.3 | 17.7 | | 258.9 j 17.6 | | 266.6 17.8 | | 264.4 17.6 J | 262.3 17.6 J | 258.5 17.5 | | 266.2 18.0 i I 267.5 1 8. 0 J | 269.0 18.1 I I 269.6 18.2 | APPENDIX TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) NOT SEASONALLY ADJUSTED SEASONALLY ADJUSTED | M-1A | 374.0 374.5 373.9 373.9 374.7 376.5 377.1 378.7 376.3 376.7 377.4 376.7 376.3 375.3 373.4 370.3 367.8 365.9 370.5 370.0 371.2 370.3 372.7 372.6 374.0 374.1 374.3 375.1 376.8 376.5 376.8 382.8 382.2 382.9 383.6 385.1 385.8 387.0 387.3 387.0 389.2 390.0 390.4 390.6 391.6 392.4 392.1 392.0 390.3 389.0 389.0 386.4 383.7 | | I | | | I | I I I I I I I J 1980 JAN 2...| i JAN 9 JAN 1 6 . . . I J JAN 23 JAN 3 0 . . . i FEB 6... | | FEB 13 FEB 2 0 . . . | FEB 2 7 . . . | MAR 5... | MAR 1 2 . . . | MAR 1 9 . . . I | MAR 26 | APR 2 APR 9...| APR 1 6 . . . | APR 2 3 . . . | APR 3 0 . . . | MAY 7... | MAY 1 4 . . . I MAY 2 1 . . . | MAY 2 8 . . . | JUN 4... I JUN 1 1 . . . I JUN 1 8 . . . | JUN 2 5 . . . | JUL 2... | | JUL 9 JUL 1 6 . . . I JUL 2 3 . . . | JUL 3 0 . . . AUG 6... | AUG 1 3 . . . I AUG 2 0 . . . I AUG 2 7 . . . SEP 3... | SEP 10 SEP 1 7 . . . I SEP 2 4 . . , I OCT 1 . . . OCT 8... | OCT 1 5 . . . OCT 2 2 . . . I OCT 2 9 . . . NOV 5...J NOV 1 2 . . . NOV 1 9 . . . NOV 2 6 . . . DEC 3... DEC 1 0 . . . DEC 1 7 . . . DEC 2 4 . . . DEC 3 1 . . . M-1B I | | j | | | | | | | | | 391.6 392.3 392.1 392.3 393.2 395.9 396.7 397.9 397.0 397.8 397.8 397.1 396.4 395.0 393.0 390.7 390.1 387.7 391.2 390.7 391.7 392.1 393.8 393.7 395.3 395.6 396.2 397.3 398.7 399.4 400.8 406.0 405.8 406.8 408.2 409.4 410.7 412.5 412.6 413.4 415.1 415.9 416.7 417.5 419.1 420.2 419.8 420.2 418.2 416.9 416.7 414.2 41K4 I OTHER | DEMAND | CURRENCY | DEPOSITS |CHECKABLE | DEPOSITS 1 | 106.7 | 263.5 1 17.7 | 263.5 | 107.2 I 17.9 I 262.8 I 18.3 | 107.3 I 262.6 I 18.5 I 107.5 I 263.2 1 18.5 | 107.8 | 264.9 I 19.5 | 107.8 I 265.3 1 19.8 I 108.0 | 266.7 | 19.4 I 108.2 I 264.1 | 20.8 | 108.4 I 264.3 I 21.2 I 108.5 | 264.8 I 20.5 | 108.8 I 263.9 I 20.5 I 108.9 | 263.5 | 20.2 | 109.0 | 262.5 I 19.8 | 109.0 | 260.5 I 19.7 | 109.0 | 257.9 I 20.5 ! 108.6 | 254.7 I 22.4 | 109.2 I 252.5 I 21.8 | 109.6 | 256.8 | 20.8 | 109.9 | 256.2 | 20.8 I 110.0 | 257.0 I 20.5 | 110.4 | 255.6 I 21.9 I 110.9 | 257.9 | 21.2 | 110.9 | 21.2 | 258.1 I 110.8 259.1 I 21.5 I 111.1 | 21.6 258.9 | 111.4 258.9 | 22.0 I 111.6 259.6 | 22.3 | 111.7 261.0 22.1 112.0 260.3 I 23.1 112.3 24.1 260.2 112.7 265.8 | 23.4 113.1 265.1 23.7 | 113.1 265.7 | 24.0 113.3 266.1 | 24.7 113.6 267.4 | 24.5 113.7 268.4 25.0 113.4 269.2 25.7 113.8 269.3 25.5 114.0 268.7 26.6 114.3 | 26.1 114.6 | 270.6 271.1 26.1 114.9 { 26.4 115.1 | 271.3 27.0 115.4 | 271.2 27.6 j 115.4 j 272.1 27.9 | 115.6 | 272.8 | 27.8 | 115.6 | 272.5 | 28.3 115.7 | 272.2 28.0 | 116.0 | 270.2 | 28.1 | 116.0 | 268.8 | 27.8 116.1 | 268-8 28.0 | | 116.2 | 266.0 | 27,9 116.8 | 262.7 |1 || [ |1 |i |I |J |i |J Ii || || || || || |J || |J || j| || || || |J |I |I || || |J || JI ( | || || || JJ |J || |I |I (| || || |J || Ii || || |I || || || IJ || J| |I M-1A | M-1B 391.6 389.2 382.9 372.4 365.1 373.6 371.2 369.1 36 0.8 370.4 372.9 371.0 364.0 370.8 378.6 378.8 373.1 361.7 368.0 365.7 364.3 360.1 370.1 374.3 376.2 368.5 374.3 382.6 382-7 375.9 372.4 385.9 383.0 380.7 375.4 383.9 389.7 393.0 381.6 382.5 39 4-4 395.5 390.6 386.2 396.0 | | | I I | I I | I | | | I | I | j 397.8 394.6 389.8 396.5 397.3 39 9.3 396.3 396.4 | | | | | | | 410.1 408.2 401.9 391.0 383.7 392.6 390.3 388.2 379.9 389.7 392.5 390.5 383.6 390.6 399.0 399.7 394.1 381.9 387.9 385.6 384.4 380.3 390.8 395.6 397.9 390.3 396.2 405.4 405.8 399.1 395.7 409.9 407,. 2 405.0 399.9 408.8 415.4 418.9 407.5 408.2 421.0 422.1 417.3 412.9 423.8 426.1 422.4 417.2 424.7 425.9 427.5 424.2 424,5 | DEMAND | OTHER | | CURRENCY | DEPOSITS | CHECKABLE J L DEPOSITS 1 ! | | | | | I | | | | | 107.4 | | | I | | | | | | | | I | I | | | | I | | 108.2 106.9 106.2 105.2 107.0 107.1 107.1 106.0 107,. 4 108.4 108.2 107.5 107.9 110.0 108.8 108.4 107.8 110.1 109.9 109.7 110.0 110.3 111.8 111.3 110.7 111.3 114.0 113.0 112.5 111.7 114.1 114.0 113.5 112.7 113.8 114.6 113.9 113.2 112.9 115.4 115.4 114.7 114.0 115.5 117.3 116.6 116.4 117.2 118.7 118.3 119.5 118.2 I | | j | | | | | | | | I I I | I | | | | I | I | | | | | | | | | | J i | | | j | | | | | | | 280.7 277.5 272.5 262.6 256.3 263.0 260.5 258.4 251.2 259.3 260.8 259.2 252.9 259.3 265.0 266.4 261.1 250.3 254.2 2 52. 1 250.9 246.4 255.9 258.6 260.9 253.7 258.9 264.3 265.4 259.0 256.3 267-4 264.6 262.8 258.4 265.8 270.8 274.8 264.2 265.4 274.9 276.0 271.9 268.2 276.5 276.6 274.1 269.5 275.4 274.8 277.1 272.9 274.3 I 1 I I I I I I I 1 I I I I I | I | | I | | I 1 | | j j j | | | | j | | J | j | | | 18.6 19.1 19.0 18-7 18.7 19.1 19.2 19.* 2 19.2 19.5 19.7 19.7 19.7 19.9 20.5 21.0 21.2 20,-3 20.1 20,0 20.2 20.3 20.9 | i | | | | I J i | i | | | | | | | | | | | | 21.5 21.9 21.9 22.0 23.0 23.2 23.3 23.4 24.1 24.3 24.4 24,. 6 J | | | | { 1 | | | { | 25.0 25.8 26.1 26.0 25.8 26.8 26.8 26.8 26.9 27.9 28.4 27.9 27.5 28.3 28.7 28.3 28.1 28.3 J | | J | I | | | J | | | | | | J | APPENDIX TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - MEEKLY (BILLIONS OF DOLLARS) SEASONALLY M-1B 1981 JAN 7 . . . 384.5 376.0 JAN 14... 373.5 JAN 21... 371.0 JAN 2 8 . . . 367.4 FEB 4... 367.4 FEB 11... 368.2 FEB 18... 365.8 FEB 25... 367.8 MAR 4... 366.4 MAR 11... 364.9 MAR 18... 363.9 MAR 2 5 . . . 366.7 APR 1... 367.5 APR 8... 365.1 APR 15... 367.2 APR 2 2 . . . 365.1 APR 29... 420.6 419.2 420.3 418.5 417.4 420.5 422.1 422.0 425.2 425.2 425.1 424.8 427.9 433.1 432.5 436.7 432.5 ADJUSTED CURRENCY 116.6 116.5 116.6 116.6 116.7 116.8 117.4 117.6 117.5 117.4 117.7 118.0 118.4 118.4 118.5 119.3 119.2 NOT SEASONALLY DEMAND DEPOSITS 263.7 255.3 252.6 250.2 246.4 246.3 246.6 243.9 246.0 244.7 242.8 241.4 243.9 244.5 241.9 243.3 241.3 I OTHER ICHECKABLE 1_DEPOSITS | 36.3 1 43.4 | 47.0 1 47.7 1 50.3 1 53.3 1 54.1 | 56.4 J 57.6 1 58.9 | 60.4 | 61.2 1 61.4 1 65.9 1 67.7 | 69.8 1 67.7 | || i |J || || |I || |J i| |I |J |I |J || || |J iJ |J |1 M-1A 401.5 385-7 375.3 362.0 362.2 362.0 360.9 351.2 359.4 361.7 360.1 353.7 359.7 371.1 372.8 372.9 361.4 M-1B "43972" 429.9 422.4 408.9 411.9 414.2 413.9 404.7 415.5 420.1 418.9 413.1 420.8 437.5 441.5 443.0 427.5 ADJUSTED CURRENCY 116.3 115.4 114.1 115.0 116,4 116.4 115.0 116,0 117,3 117,0 116.6 116.7 119.1 119,0 118.5 117.2 J DEMAND | CTHER | | DEPOSITS ICHECKABLE j I DEPOSITS J 1 | 280.0 1 37.9 | | 265.5 | 44.4 | | 255.9 | 47,. 4 | | 243.9 1 47.0 J I 243.2 I 49.9 | | 241.6 1 52.4 | J 240.4 | 53.3 J 53.7 J | 232.2 | | 239.4 56.3 I 58.6 J J 240,. 2 | 59.0 | 1 238.9 I 233.0 59.5 | J 238.7 | 61.3 J 66.7 | | 247.7 | 249.4 69.0 i 70.3 I | 250.2 | 66.4 | I 239.9 i APPENDIX TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS Of DOLLARS) I 1979 WEEKLY COMMERCIAL BANK TIME & SAVINGS.DEPOSITS NQT_SEASONA!iIf]L!D JUSTED ADJUSTED 1L SEASONALLY | SAVINGS | | SMALL TIME I | LARGE TIME || | JAN 3... I JAN 1 0 - . . | JAN 1 7 . . . I JAN 2 4 . . . | JAN 3 1 . . . | FEB 7... | FEB 1 4 . . . | FEB 2 1 . . . I FEB 2 8 . . . | MAR 7... | MAR 1 4 . . . | MAR 2 1 . . . | MAR 2 8 . . . | APR 4 | APR 1 1 . . . | APR 1 8 . . . I APR 2 5 . . . | MAY 2... I MAY 9 | MAY 1 6 . . . MAY 2 3 . . . I MAY 3 0 . . . | JUN 6... I JUN 1 3 . . . | JUN 2 0 . . . | JUN 2 7 . . . | JUL 4... I JUL 1 1 . . . | JUL 1 8 . . . I JUL 2 5 . . . | AUG 1 . . . | AUG 8... AUG 1 5 . . . AUG 2 2 . . . AUG 2 9 . . . SEP 5... I 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 . . . j NOV 2 1 . . . NOV 2 8 . . . DEC 5...i DEC 1 2 . . . DEC 1 9 . . . | DEC 2 6 . 214.2 213.1 212.2 211.7 211.4 210.8 210.5 210.1 209.7 209.3 209.2 208.8 208.6 208.2 208.0 207.3 207.3 207.1 207.1 206.7 206.4 206.3 206.2 206.2 205.9 206.0 205.9 206.1 206.0 205.9 205.6 205.6 205.7 205.5 205.2 204.9 204.9 204.0 203.0 201.9 201.1 I | I I I | I I | I | I | 192.4 192.9 193.7 194.1 194.6 194.9 195.4 195.7 196.1 196.6 197.1 197.9 198.9 200.0 201.1 202.1 203.0 204.0 204.9 205.7 206.8 207.7 208.9 209.8 210.9 211.2 211.6 213.0 214.0 215.1 216.2 217.4 217.9 219.6 220.5 221.2 222.7 223.6 224.8 22 5.8 226.5 227.9 230.2 232.5 235.2 236.4 237.6 237.9 239.5 240.7 241.4 241-8 I | | | I | | | | I | | | | | I | I I I | | | | | | | | I | | | 178.6 179.3 180.4 181.6 182.0 181.2 182.0 182.6 183.3 182.5 182.4 181.4 181.1 180.9 181.1 180.1 179.8 179.7 179.6 179.5 179.4 179.1 177.8 177.6 177.8 178.9 179.6 178.2 177.5 177.5 178.9 180.1 180.2 180.5 182.0 183.6 184.3 186.6 188.0 189.2 190.3 190.8 190.7 190.5 189.7 190.0 189.3 189.5 190.2 189.7 189.2 169.3 || |J || || |I |i { | |i i| |I 1J || || |I |J || || || J| || || || |J || || || |I || || || || |J JI |I { j |I || |I || I| ii || |J |{ JI iJ J| |J «I I t I I !! 200.3 199.2 197.6 196.4 196.2 196.0 195.3 194.4 194.3 194.3 194.3 | | | | | I | | | , | | | | i | | | I | | | | | SMALL TIME 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 I 206.6 | 206.5 206-5 | 206.3 | 206.7 I 207.0 | 206.4 | 206.4 | 207.1 | 208.2 | 207.9 | 207.5 | 206.8 I 207.1 | 207.1 I 206.6 | 206.1 205.8 | 205.9 204.3 J 203.2 203.1 203.7 | 202.4 200.6 191.9 192.3 193.1 193.9 194.5 195.6 196.4 196.9 197.1 197.8 198.6 199.2 199.7 200.8 201.7 202.8 204.0 205.0 206.0 206.8 207.7 208.8 210.1 211.0 211.9 212.1 212.1 212.9 213.8 214.7 215.7 216.6 217.1 218.6 219.4 220.1 221.4 222.4 223.8 225.3 226.5 227.6 229.5 231.7 234.4 235.1 235.5 236.4 238.0 238.9 239.7 240.7 SAVINGS 198.1 195.8 195.6 195.0 194.4 193.5 193.6 192.1 191.9 | | I | I | | | | | | | | | | | | I I I | I | | | I | | | | | I | I I | | | j | j | LARGE TIME 181.9 181.4 182.9 184.2 184.6 183.3 184.3 184.6 185.7 185.1 184.9 183.3 183-3 182.1 181.0 178.8 178.1 178.5 178.4 178.8 179.2 178.8 175.2 174.0 173.0 174.3 175.9 174.2 173.6 174.2 175.9 177.3 177.6 178.3 180.2 181.5 182.0 184.1 186.2 188.1 189.0 189.7 190-0 190.8 190.7 191.8 192.4 193.1 194.2 194.5 194.4 194.9 | |I | IOVERNIGHT [OVERNIGHT | EURO"S RP«S I| 1 I| 0,-0 21.1 I |J 0.0 20.7 | 0.0 || 21.1 ji 0.0 21.9 I 1i 0.0 22.1 | 0.0 JJ 21.5 || 0.0 22.7 | || 0.0 21.3 | |J 0.0 22.4 I || 0.0 21.8 I || 0.0 22.9 | |J 0.0 23.0 I || 0.0 23.3 | IJ 22.4 o,.o J| 0.0 22.4 | 0*0 i| 23.4 || 0.0 24.7 | 0.0 |J 24.8 0.0 || 24.8 || 0..0 26.2 || 0.0 25.2 I || 0.0 26.0 I || 0.0 26.6 I I| 0.0 26.6 | || 0.0 25.7 I J| 0.0 26-2 I || 0.0 25.5 I || 0.0 23.7 I 0.0 || 26.6 || 25.9 | 0.0 || 25.7 | 0.0 || 24.5 | 0.0 0.0 || 25.9 0.0 || 24.7 0.0 || 25.8 0.0 J| 26-3 0.0 1| 26.1 0.0 || 26.2 0.0 J| 26.. 9 0.0 J| 26.5 0.0 || 26.0 0.0 || 25.2 0.0 |J 24.7 0.0 JJ 24.9 0.0 |1 23.9 | 0.0 |J 22.3 0.0 || 21.9 0.0 |1 21.6 | 0.0 JJ 23.0 0.0 || 21.6 0.0 |i 21.6 0.0 || 21.6 APPENDIX TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) I COMMERCIAL BANK TIME £ SAVINGS iDEPOSITS SEASONALLY ADJUSTED |1 . NOT_SE ASON A LL Y_ A D J U S TED | SAVINGS | | L | I I I I I I | | | L 1980 JAN 2 . . . | JAN 9 . . . | JAN 1 6 . . . i | JAN 2 3 . . . | JAN 3 0 FEB 6 . . . | FEB 1 3 . . . | FEB 2 0 . . . | FEB 2 7 . . . | MAR 5... | MAR 1 2 . . . MAR 1 9 . . . MAR 2 6 . . . APR 2 . . . APR 9 . . . APR 1 6 . . . APR 2 3 APR 3 0 . . . MAY 7 . . . MAY 1 4 . . . MAY 2 1 . . . MAY 2 8 JUN 4 . . . JUN 1 1 . . . | JUN 1 8 . . . JUN 2 5 . . . JUL 2 JUL 9 JUL 1 6 . . . JUL 2 3 . . . JUL 3 0 . . . AUG 6 . . . AUG 13 AUG 2 0 . . . AUG 2 7 * . . SEP 3 SEP 1 0 . . . j SEP 1 7 . . . SEP 2 4 . . . j OCT 1 . . . OCT 8 . . . | OCT 1 5 . . . | OCT 2 2 OCT 2 9 . . . NOV 5 NOV 1 2 . . . | NOV 1 9 . . . | NOV 26 DEC 3 . . . | DEC 1 0 . . . | DEC 1 7 . . . J DEC 24 DEC 31 | j WEEKLY 193.3 193.2 192.5 191.9 190.7 190.7 190.1 189.3 188.3 187.2 185.9 184.4 182.7 181. 1 179.2 177.6 176.4 176.1 176.3 176.5 177.0 177.5 178,3 179.5 180.3 181.5 182.6 184. 1 185.2 186.2 187.0 188.0 188.7 189.1 189.5 189.5 189.9 190.2 190.2 190.2 190,5 189.8 189.9 190.5 192.5 192.6 191.6 190.3 189.2 187.7 185.8 184.0 181.2 | | | I , | SMALL TIME 241.9 243,4 245.6 246.9 247.8 248.4 249.4 250.5 252.6 254.3 257.0 259.2 261.8 264.2 267.9 270.3 271.8 272.7 273.0 273.6 274.0 273.9 273.6 273.5 273.2 273.3 273.3 273.1 273.0 272.9 272.8 212.9 273.2 273.6 273.9 274.1 274.7 275.1 275.5 275.6 275.6 277.5 278.5 279. 1 280.9 282.8 285.4 286.9 287.6 289.6 291.7 293.2 297.3 | J L | I | [ | | I | I j | | | | | | | | i | | | | j | | LARGE TIME 189.0 189.6 190.8 190.6 191.2 192.6 193.2 193.6 193.6 194.7 195.1 195.7 196.7 197.2 197.8 199.0 199,3 200.0 200.1 200.2 199.3 198-5 197.6 197.8 197.3 195.1 193.2 191.2 190.4 191.0 190.6 189-3 190.9 191.8 192.2 192.8 193.8 193.8 194.3 195.3 195.7 196.6 196.5 197.9 198.7 201.1 202.5 205.4 206.7 208.6 210.8 214.3 218.9 j | SAVINGS | iJ. || 192.2 193.2 JI 192.0 |j 190.7 |{ 188.7 |J 188.4 || 188.0 I | i i 187.2 186.3 |j 185*3 jj 184.6 |j |{ 183.2 182.1 ji 181-6 ij 180.9 |i 178.6 |2 || 176.0 175.1 || 175.5 || 176.0 |i 176.9 || 177.3 |J |I 178.4 || 180.2 |I 180-9 181-8 || 183.4 |I 186.0 I| jI 187.2 188-0 1| 188-3 |i 189.5 { | 190.2 || 190.4 |{ 190.7 |i 190.6 I | 191.3 |i |I 191.1 190.7 J| 191.3 II || 193-3 192.3 || 191.8 J| 191.5 || |I 192.5 192.1 || 190.5 jJ |J 189.4 188.3 JI 187.1 J| 184.8 |1 181.5 || 179.3 jI | | L | I | I ! | | | j j | | | j SMALL lld£ I | L | | | | 241.1 242.7 244.8 246.6 247.6 249.2 | 250.8 | 252.0 I 253.9 255.6 258.9 261.0 j 263.2 J 265.2 268.8 271.1 273.1 274.1 274.8 275.4 275.5 275-5 j 275.3 275.2 | 274.7 274.4 274.1 273.3 272.7 272.4 272.1 271.9 271.9 272.2 272.4 272.5 273.1 273,-6 274.3 | 274.7 275.0 | 277.3 211.9 278.3 279.6 281.1 j 283.2 284.5 j 285.5 | 287.4 I 289.3 292.1 296.1 j LARGE TIME 193.2 191-7 193.8 193.6 19 4 . 4 195.1 195.7 195.9 196-2 197.9 198.3 198.3 1*9.4 199-0 197.8 198.0 197.5 199.0 19S.0 199-6 199.0 198.2 194,8 .193.5 192.0 189.6 188.9 186-9 185-8 187.1 187.2 185.5 187-9 189.1 189-9 190.3 191.2 190.9 191.9 194.1 194.5 195.7 195.3 197-7 199.4 202.9 205.7 209.6 210-7 213.3 215-9 221-0 224.2 | | JOVE£NIGHT i2P«S |I 1 20.4 |J 22.5 || || 23.3 23.0 |\ 23.9 || 23.7 || 23.1 I| 25-8 |J 24.4 || 22-5 j| 23.2 || 23.9 JJ 22.2 |J 21.9 JI 17.5 J| 19.8 |J 20.2 || 20.3 || 20-6 || 18.4 JJ 20.3 |J 21.4 |1 23.7 |I 20.4 |j 20.3 |i 24.3 i| 24,8 || 23.9 Ji 26-4 |I 27.5 i 1 26.1 J | 27.6 |i 25.3 || 27.5 || 29.0 |J 31.6 || 28.7 i| 28.7 J| 29.7 |I 28.8 J| 28.9 1| 25.9 |I 28.9 || 29-2 iJ 28.7 || 27-3 |I 30.1 |I 29.4 Ij |I 25-7 || 29.8 |I 31.0 |J 27.1 J| 22.2 lOVEfiNlGiil j I EURC'S | L I I I I I j j j j I | j | | | | | | , | | I i | | | | | | 4.2 4.4 4.4 4.4 4.3 3-3 J | j | | I 2.9 | 3-8 J 3.8 | 3-9 | 3.3 | 3.3 | 3.0 | 3-4 J 2.4 | 2.4 J 2.0 | 2.6 | 2.4 J 2.4 J 2-7 | 3.1 i 3.1 J 2.5 i 2.8 | 2.9 | 3.5 | 3.5 | 3.3 | 3^ J 4.1 I 4.0 J 3-7 J 3.4 | 3.8 i 3.7 | 3.2 \ 3.8 J 3.7 i 4.3 | 4.2 | 4.5 | 4.4 | 4.5 | 4.5 | 4.3 | 4.7 | 5.3 \ 4.6 4-1 | | 5.0 4.2 4.9 i J | A P P E N D I X TABLE 10 OTHER MONET STOCK C O M P O N E N T S — (BILLIONS O F DOLLABS) I COMMERCIAL BANK TIME & SAVINGS ]DEPOSITS 1 | 1 NOT SEASONALLY ADJUSTED SEASONALLY ADJUSTE i 1 J SMALL I LARGE | I OVERNIGHT lOVEfiNIGHT LARGE | | SAVINGS I SMALL | SAVINGS RP'S I EURO'S | TIME iI | TIftE TIME |1 I TIME ! 1 L I 223.9 | I 298.5 25.8 1 179.1 i 299.4 179.3 7.. .I 220.9 | | 5.2 300.7 I 28.8 225.1 |I 177.6 | 221.9 i | 14.-. | 301.7 177.9 | 1 5.0 224.3 J I 302.3 | 175.8 | 220.8 | | 176.7 1 5.1 28.6 | 302.9 21... j | 304.1 | 228.2 |J 224.5 \ i | 304.4 27.1 174.2 175.9 28 . • •I I 5.2 305.9 173.0 I 227.0 J | 26.8 I I 230.2 | | 175-0 i 4... | 305.3 5.2 230.6 |I 172.7 | 25.1 227.7 J | | 305.7 307.2 | I 4.6 174.6 11... 308.0 | 229.6 |j 174.1 25.5 172.2 | | 306.1 I 5.2 226.8 | | 18... I 28.4 231.4 1 I | 309.6 I 4. 9 171.2 228.5 | I 173.1 | 307.8 25... | | 230.0 i | 226.4 | | 30.9 I 311.2 170.6 I | 309.6 4.7 172.2 4... I 227.8 | I 224.0 ( I 309.7 29.9 I 311.9 172.5 171.2 I 4.2 11... I 27.8 228.2 J J 313.1 171.0 225.2 | 1 310.9 18... 172.1 I 4.5 172.0 227.3 J J 224.3 || 311.5 4.2 313.2 171.3 | 26.6 25... I 172.4 224.0 { { 311.6 4.7 226.2 { I 312.9 29.5 172. 1 1... 221.8 | I 312.5 172.6 o • « . 174.2 221.5 | { 311.5 28.9 4.1 313.0 15... 29.7 222.1 J | 312.1 j 172. 1 4.5 221.1 |J 173.2 j 222.4 | | 220.5 | | 313.5 22...| 24.0 171.0 312.1 j 171.2 4.6 171.5 | 223.6 | 1 170.6 I 224.9 J | 312.3 | 29...j 5.2 314.0 34.2 1 I 1981 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAG MAR MAR APR APR APR APR APR WEEKLY | i i | | | i | J | | | J | I J | | I J J 1 APPENDIX 1TABLE 11 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) I AT i 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAS MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 3... 10... 17... | 24...j 31... 7... 14... 21... 28... 7... 14... 21... 28... 4... 11... 18...j 25... 2... 9... 16... 23... 30.. 6.., 13... 20.., 27... 4...| 11... 18,..I 25... !•.. 8... 15... 22... 29...| 5...| 12... I 19... 1 26... 3... 10...j 17 24...| 31... 7... | 14... 21... 28... 5... 12... 19... | 26... [ MEMBER BANKS 179.2 172.5 171.9 163.3 161.0 163.6 162.1 156.8 154.1 161.2 160.9 160.9 158.0 164.5 167.5 172.7 168.5 165.5 161.7 162.5 159.6 158.7 167.3 166.9 165.8 163.5 169.0 170.4 171.1 166.5 167.5 167.7 168.7 167.1 164.6 169. 1 169.1 168.9 164.8 169.6 169.6 169.6 167.1 167.4 172.8 170.1 168.4 166.0 172.6 172.6 174.2 176.1 I | j | | | I | | | | | i | | | t DEMAND ])EPOSITS I AT 1 AT I AT t FOREIGN | DOMESTIC COMMERCIAL RELATED I BANKS BANKING NONMEMBER BANKS i OFFICES JIN THE U.S. I 273.4 I | 6.7 87.5 264.7 86.5 I 5.8 261.9 5.4 84.6 | 250.6 i 6.0 81.3 I 244.7 I 4.7 79.0 | 249.5 | 4.7 81.2 246.7 | 4.7 79.9 81.1 I 242.8 i 4.9 79.8 | 239.1 5.2 | 248.7 | 5.0 82.5 \ 247.8 | 5.4 81.5 80.8 246.8 | I 5.2 79.1 241,9 I 4.8 ] 83.3 253.1 I 5.3 | 4.7 | 258.5 86.3 88.4 265.3 | 4.2 259.7 86.0 | 5.1 84.5 255.1 | 1 5.1 84.0 250.6 i 4.9 I 251.4 j 83.9 I 5.0 82.3 24 7.0 | 5.1 81.5 | 5.0 | 245-1 258.0 | 85.4 | 5.4 5.4 258.3 | 85.9 5.4 85.5 256.6 83.7 5.3 252-5 | 86.1 260.4 I 5.3 88.3 263.9 j 5.2 263.7 | 87.3 5.2 5.4 84.6 I 256.5 | 84.3 257.3 | 5.6 85.9 | 5.2 j 258.8 86.3 260.5 | 5.6 i 85.1 257.6 | I 5.4 | 253.4 | 83.8 [ 5.0 86.6 5.5 | 261.2 j 89.2 263.6 | 5.3 88.1 262.6 j t 5.6 I 85,1 255.6 5.7 87.1 262.7 | 6.0 89.3 6.4 j 265.2 | 89.6 I 264.8 I 5.7 86.6 | 259.3 I 5.7 | 5.4 86.0 I 258.9 I I 5.5 88.3 | I 266.6 88.8 | 264.4 [ 5.6 I | I 262.3 88.3 | 5.6 | 258.5 86.6 | 5.9 I 88.0 | I 5.6 ! 266.2 | 267.5 89.7 I | 5.1 I 269.0 89.8 I I 5.1 | 269.6 89.0 | 4.5 OTHER CHECKABLES i | i COMMERCIAL | ! BANKS i i AT THRIFT INST AT | TERM RP'S I MONEY MARKET MUTUAL FUNDS I AT I | COMMERCIAL] | BANKS | j 4.2 4.2 4.2 4.3 4.3 4.3 4.3 4.3 4,.4 4.4 4.5 4.5 I I I I | 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 j j | I | 0.0 0.0 0.0 0..0 0.0 O,.O J I | J | | 0.0 0.0 0.0 0.0 | | | ] 0.0 I 7.7 5.1 I 12.1 5.1 5.1 5.2 5.2 5.2 5.2 5.2 I I i | | | | 12.1 12.1 12.1 12.5 12.6 12.6 12.2 12.6 12.6 12.6 12.4 12.3 12.5 12.3 12.3 12.2 12.6 12.7 12.7 12.8 5.2 | 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.3 5.4 5.4 5.4 i | | | I | | | | | J | | | | 1 | | | | | | i | { | | | | | i t | I I | | | | | f | I I | | i | 1 | i | { | j 5.2 24.4 24.5 24.5 26.1 25.2 26.1 26.6 26.5 25.5 25.9 25.1 23.5 26.3 25.6 25.5 24.3 25.7 24.6 25.7 26.3 26.1 26.2 26.8 26.5 26.1 25.5 25.3 25.6 24.8 23.3 23.1 22-9 24.3 23.1 23.2 23.2 7.6 4.7 4.7 4.8 4.8 4.8 4.8 4.9 4.9 4.9 5.0 5.0 5.0 5.0 5.1 | I | [ | J I | J J J I 0.0 0.0 8.6 | 21.1 22.3 21.1 22.2 21.7 22.7 22.9 23.1 22.3 22-2 23.2 i I | 4.7 I I I | I I I I I 7.1 7.4 7.0 8*0 8.6 j | J | J j 7.0 i 4.5 20.6 20.3 20.7 21.5 21.6 0.0 0.0 0.0 0.0 8.8 8.9 9.6 10.0 10.4 10.3 10.1 10.0 10.0 10.1 10.2 10.9 10.9 11.1 10.9 11.4 11.6 11.8 11.8 11.9 4.6 4.6 4.7 I | I I | | | | | 6.1 6.6 | | ] | | | 1 I | i | | | i | | | i | [ | I 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 I | ] I 1 J APPENDIX TABLE 11 COMPONENTS OF HONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) I DEMAND ]DEPOSITS | | | J 1980 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 2... | 9... I 16.-. | 23... I 30... | 6... I 13... J 20... | 27... I 5... | 12... I 19... I 26... I 2... I 9... I 16... I 23... I 30... J 7... | 14... I 21... I 28... | 4... I 11... I 18..• | 25... I 2.., I 9... I 16... | 23... I 30... | 6... I 13... | 20... I 27... | 3... I 10... | 17,.. | 24... | 1... 8... 1 15... | 22... I 29... 5... 12... 19...| 26... 3... 10... 17...| 24...| 31... AT MEMBER BANKS _ _ 182.6 179.4 176.3 169.8 166.8 169.8 167.9 165.4 159.7 164.9 166.3 165.2 162.1 167.9 171.7 171.8 168.9 160.7 163.4 162.3 161-2 156.6 164.3 166.4 168.3 163.6 167.5 167.7 169.6 166.6 165.5 171.9 169.7 170.0 166.7 170.3 173.5 177.7 170.3 171.4 177.1 177.4 174.3 173.4 177.4 176.9 175.7 173.4 176.7 176.3 178.6 174.9 176.7 I i | AT DOMESTIC i NONMEMBER | | BANKS J UN J | | 92.3 | 93.0 I | | 90.9 | 87.0 I | | 83.9 I 87.4 | | 86.7 | | | 86.9 | | 85.2 | 87.6 | | | 88.0 | | 87.2 | 84.4 | 85.4 | | | 88.3 | 88.8 | 87.1 I | 83.9 | | 85.7 | | 84.5 83.7 81.9 85.6 | 86.7 87.1 84.7 | 85.6 | 89.1 | 89.3 86.7 85.4 89.7 89.0 87.4 86.1 89.1 | 91.6 91.2 I 33.2 | 88.1 j 92.1 | | | 92.9 | 91.6 | J 89.4 | | 93.5 i | 94.3 | | 93.3 | | 90.8 | | 93.0 J | 93.5 | | 93.3 | j 92.3 | | 92.3 | | | AT I I I I AT | COMMERCIAL I I ! BANKS FOREIGN RELATED BANKING OFFICES THE U.S. 1 I 5.8 I 5.1 5.4 | | 5.7 5.6 I I 5.8 | 5.9 | 6.0 6.3 | | 6.8 6.5 I 6.8 I. I 6.5 6.0 | 5.0 | | 5.8 I 5.1 | 5.6 | 5.2 5.3 | I 6.0 | 5.8 | 6.0 | 5.5 5.5 5.4 5.8 7.4 6.6 5.7 5.5 5.8 5-8 5.4 5.6 | | | | I | 6.4 5.7 6.0 5.7 5.9 5.7 5.7 6.0 5.4 5.6 5.3 5-1 5.2 5.7 5.0 5.2 5.6 5.3 j | | | | | | 280.7 277,5 272.5 262.6 256.3 263.0 260.5 258.4 251.2 259.3 260.8 259.2 252.9 259.3 265.0 266.4 261.1 250.3 254.2 252.1 250.9 246.4 255.9 258.6 260.9 253.7 258.9 264.3 265.4 259.0 256.3 267.4 264.6 262.8 258.4 265.8 270.8 274.8 264.2 265.4 274.9 276,0 271.9 268.2 276.5 276.6 274.1 269.5 275.4 274.8 277.1 272.9 274.3 I AT THRIFT INST [ , „. | 5.4 | 5,4 I J 5.5 5.5 | | 5.5 5.6 I 5.6 | I | | | I I I i | | | | 5.6 5.7 5.7 5.8 5.8' 5.9 5,9 5.9 6.0 6.0 6.0 6,0 6.0 I 6.1 | I I | I I I | I | | | I I 6.1 6.2 6.2 6.3 6.4 6,4 6.5 6.5 6.6 6,6 6.7 6.7 6.8 6.9 7.0 I I I I I I I I 7.0 7.1 7.2 7.2 7.2 7.3 7.3 7.3 I | 7.6 7.7 7.4 I 7,, 2 J 7.6 I | 7.6 7.3 I | | AT I COMMERCIAL I | I BANKS j | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | L | j| | | | 7,3 | 1 OTHER CHECKABLES 7.7 j JIJ .J, ... .. ... ,1,. U L ,U 13.2 13.6 13.6 13.2 13.2 13.5 13.6 13.6 13.5 13.8 13.9 13.9 13.8 14.0 14.6 15.0 15.2 14.3 14.1 14.0 14.1 14.2 14.7 15,-2 15.6 15.6 15.6 16-5 16.7 16.8 16.8 17.4 17.6 17.6 17-7 18.1 18.8 18.9 18.9 16.6 19.. 5 19.5 19.5 19.5 20.3 20.8 20.5 20.3 20.7 21.1 21.0 20.8 20.6 1 TERM HP'S i AT | COMMERCIALI BANKS 1 MONEY MARKET MUTUAL FUNDS , | | | | | I | | I | j | I | I | | | | I | I I I I I | I | | | | I | | | | I I | I | | I | I | | | i [ I jI 0.0 0.0 0.0 0.0 0.0 55.2 56.9 58.1 59.9 60.6 60.8 61.3 61.1 60.5 60.5 60.0 60.4 60.7 63.0 65.3 67.6 69.2 71.2 72.8 74.2 75.6 76.9 78.2 79.2 79.9 80.7 81.3 81.5 81.0 80.0 78.8 78.5 78.3 78.1 77.3 77.5 77.1 77.1 77.6 77.5 77.3 77.0 76.5 76.6 76.6 76.3 75.3 74.6 t I I I I I I | | j I I I | I | 1 | 1 1 1 | I | | 1 J |1 26.1 22.9 23.5 23.5 24.3 23.2 25.7 23.2 23.0 22.6 23.1 20.7 21.9 22.0 23.9 22.6 | | | | | | | | | | J J | J | | 21.8 J 21.1 22.7 23.5 20.9 22.1 22.6 25.0 21.9 22.4 22.1 22.6 24.1 23.7 26.8 27.2 28.5 26.0 27.0 26.9 26.9 25.8 25.8 27.5 26.3 28,6 | | i | | J { J | J i | [ J | | | I | | J | | | | 27.4 J 29.2 J 28.3 J 28,2 26.4 28,0 31.4 27.2 26.7 29.0 34.. 7 | | | | | 4 | | APPENDIX TABLE 11 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) DEMAND IDEPOSITS AT j FOREIGN | AT RELATED | DOMESTIC | BANKING NONMEMBER | OFFICES | BANKS L_ JLIN THE U.S. | | 5.6 93.7 | | 5.5 | 89-0 | | 5.4 88.1 | 5.9 83.3 3.8 | 84.0 | | 4.9 83.5 5-9 83.6 | 80.9 j 4.9 5.5 82.5 | 83.0 j 5.2 82.4 5.4 | 5.1 80.5 ! 5.3 81.8 j j 85.9 ! | 5.1 I 4.9 i 87.1 | | 86.9 I 4.2 j 5.2 | 83.6 | | L i I AT MEMBER BANKS I 1981 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR 7... | 14... 21... 28... 4... 11... 18... 25 | 4... 11...| 18... 25... 1...I 8... 15...I 22... | 29...j 180.7 170.9 162.4 154.8 155.4 153.2 150.9 146.4 151.4 152.0 151.1 147.4 151.7 156.7 157.4 159.1 151.0 AT COMMERCIAL| BANKS | OTHER CHECKABLES I AT THRIFT INST | | | AT | COMMERCIAL | | BANKS | MONEY MARKET MUTUAL FUNDS | | TERM RP"S | I AT | | COMMERCIAL! | BANKS | | 280,0 265.5 255.9 243.9 243.2 241.6 240.4 232.2 239.4 240.2 8.8 I 9.2 | 9.3 8.7 9.8 | | 238.9 J 233.0 238.7 247,7 24 9.4 250.2 239.9 | | { J | 10.0 10.2 10.0 10,7 11.1 11.1 11.1 11.6 12.8 13.1 13.3 12.6 I | I I 29.1 35.2 38.0 38.4 | 40.2 42,4 43.1 43.7 45.6 47.5 47.9 48.5 49.8 53.9 55.9 57.0 53.8 | j | | | I 76.0 78.7 81.7 | 83.9 86.8 89.8 92.2 95.7 98.0 101.2 104.9 | 109.1 i 112.3 115.7 | 117.3 | 117.5 | 118.4 I I I 1 I 30.7 29.2 31.2 32.7 31.6 | | | | | | 1 | 31.6 30.7 28.9 27.8 28.6 27.7 27.8 29.0 26.9 26.8 | | | | | | | | | | 32.8 27.1 | J j J j | | | i APPENDIX TABLE 12 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) | DEMAND DEPOSITS DUE TO I TIME AND I U.S. GOVERNMENT DEMAND DEPOSITS | SAVINGS FOREIGN I | FOREIGN | | AT ! AT DUE TO FEDERAL | FOREIGN | COMMERCIAL | | COMMERCIAL | OFFICIAL { | NOTE ) BANKS BANKS OFFICIAL | |INSTITUTIONS | BALANCES | RESERVE | IINST & BANKS I | BANKS 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAB MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCX OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC I 3... | 10... | 17... | 24... I 31... | 7 | 14... | 21... J 28... i 7... | 14... | | ^1 28... 1 4... i 11... 1 18... 1 25... 1 2... | 9... I 16... | 23... | 30... | 6... | 13... | 20... I 27... I 4... | 11... 18... 25... I 1... | 8... 15... 22... 29 5... 12... 19... 26 3... 10..., 17... 24 31...j 7 | 14 , 21 i 28...i 5...J 12...j 19 | 26...i 11.4 10.4 10.2 10.3 10.2 9.9 10.2 11.0 9.7 9.9 9.6 9.9 9-7 9.7 9.5 9.5 9.7 9.4 9.9 10.0 10.2 10.5 11.1 10.0 10.7 10.5 11.9 11.2 10.4 11.0 11.0 11.0 10.9 10.5 10.8 11.0 11.3 11.2 11.7 12.2 12.6 12.0 10.4 11.1 11.3 11.9 11.7 11.6 12.1 12.3 11.7 12.8 L j I I I i i I I I I I | I | | | 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 | | | | | | I | J | | | i i | | 1 | | | | | | | 3.9 3.1 3.0 3.5 3.5 3.1 3.4 3.0 2.8 3.0 2.9 I | | | I J | | I i I j | | I | | | | I | I I | | j 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 J | | | | | | J | | | | I | | { 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 8.6 8.8 8.8 8.9 9.0 9.6 10.1 10.2 I | | | I I | | | I | I | j i I j | i | | | | | J J | | { i | | | I ! | i i i | | I 1 2.8 2.8 2.3 2.7 2.5 3.0 2.2 2.8 2.1 2.4 2.1 J 1 [ | I I I | I | 1 i | I I | | | | I I I 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.Q 2.5 2.0 2.0 3.2 I | 19.4 12.9 11.9 16.0 19.4 15.3 10.4 10.7 11.2 10.4 6.2 12.8 10.5 7.0 5.1 8.1 3.2 8.6 3.5 11.1 15.2 9.4 8.8 11.6 12.1 8.9 5.2 8.0 8,2 4.5 4.3 8.6 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 20.8 16.8 20.7 15.9 14.6 16.7 17.1 14.8 10.7 13.5 13.0 9.8 10.5 16.4 24.2 22.0 12.2 13.7 16.0 15.4 9,7 7.0 8.4 9.tf 7.3 7.4 11.2 18. J I j j 3.4 3.3 3.5 4.6 | | | I | j | | | | i | 2.9 3.0 3.5 3.1 3.1 2.9 3.2 3.1 2.6 3.1 2.6 3.1 J | | j | 4.9 | { | | I j | 1 | | | | i | I | i I I I | | | I | I | | j | | j | { | | | J | | J | | | | | | \ | J | J | | 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 | | 0.9 1.0 0.9 0.9 1.0 1.0 1.0 1.0 | 1.0 1.0 9.7 11.0 14.2 11. 1 11.8 10.8 6.9 8.7 2.7 2.6 1.9 2.2 2.2 2.1 2.7 2.0 2.7 2. 1 2.3 2.3 3.8 2.2 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 I | | I | i | I | | | I | | | 2.0 3.4 3.0 3.2 3.0 4.3 2.4 4.4 I I | | I I I | I | I I | | L i 3.5 j t _ 12.7 7.0 6.2 9.8 13.4 8.6 5.0 | 3.4 3.6 3.3 3.2 3.1 1.9 2.9 | I I | J | J 2.4 2.6 2.3 1.8 1 3.9 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 TOTAL | U.S. GOVI ! TIME AND | SAVINGS | DEPOSITS I | | | I { | | i | | | | | | | | I I | | \ j i | 1 1.0 1.0 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1,0 1.0 1-0 1.0 uo 1.0 1.0 1.0 1.0 1.0 1.0 1,0 1.0 1.0 1.0 1.0 1.0 APPENDIX TABLE 12 MEMORANDA H E M S (BILLIONS OF DOLLARS, NOT SEASONALLY DEMAND DEPOSITS FOREIGN COMMERCIAL BANKS DOE TO TIME AND SAVINGS DoE TO | FOREIGN FOREIGN ! OFFICIAL INSTITOTIONS OFFICIAL INST & BANKS I O^S. GOVERNMENT DEMAND JAN 2... JAN 9... | JAN 16.., JAN 23... JAN 30... FEB 6... FEB 13... FEB 20... | FEB 27... | MAE 5... MAR 12... I MAR 19 MAR 26... APR 2... APR 9... APE 16... APR 23... APR 30... MAY 7 MAY 14... MAY 21... MAY 28... JUN 4... I JON 11... JON 18... JON 25... JOL 2... JOL 9... JOL 16... JOL 23... JOL 30... AOG 6..., AOG 13... AOG 20... AOG 27...| SEP 3...| SEP 10... SEP 17...| SEP 24 OCT 1...( OCI 8...| OCT 15..,i OCT 22 OCT 29...i NOV 5 . . . NOV 12 NOV 1 9 . . . NOV 2 6 . . . DEC 3 DEC 1 0 . . . DEC 1 7 . . . DEC 24...j DEC 3 1 . . . 12.5 11.9 12.6 10.9 12.1 11.9 12.0 12.0 12.2 12.9 12.. 9 13.2 12.2 13.5 13. 1 12.4 12.0 12.8 13.0 12.7 13.6 13.9 12.3 12.7 11.9 12.4 12.3 12.9 12.4 11.9 12.2 11.5 11.2 11.5 12.0 12.3 11.3 11.5 11.6 11.7 11.7 12.5 11.8 11.6 12. 1 13.1 12.9 12.3 11.8 12.9 12. 1 13.0 13.2 3.2 3.4 | I | 3.6 3.6 3. / | 3.5 I I I I | I I I I I | I I I { I | I I I I I I I I | 3.4 3.3 3.0 3.3 2.9 3.0 3.4 3.3 3.7 3.8 3.3 4.7 4.2 3.7 3.7 3.4 3.4 3.2 3.1 3.2 3.8 3.4 3.5 3.0 3.8 I I 3.1 3.3 | | | I I I I ! | I I | I I I I I I | I 3.4 3.3 3.3 3.3 2.7 2.5 2.9 2.9 3.1 2.9 2.7 3.9 3.5 3.0 3.2 3.8 3.5 3.2 3-8 4.3 I I AT COMMERCIAL BANKS FEDERAL RESERVE BANKS | | | | 2.6 10.3 10.3 9.6 I 9.0 9.1 9.1 I 9.3 9.3 9.4 9.6 9.3 9.6 j I I | I 9.8 9.8 9.8 9.9 9.9 | | 10.8 10.8 10.7 10.8 10.8 10.9 10.9 10.9 11.-0 11.0 11,1 11.1 11.0 11.1 11.1 11.4 11.5 11.6 11.6 11.6 11.6 11.7 11.7 11.6 11.5 11.5 11.4 11.3 11.4 11.4 11.6 11.6 2.7 3.4 2.7 3.2 L j J 3.3 3.1 { 3.0 3.0 2.7 3.7 2.7 2.7 2.3 4.1 2.9 2.5 3.2 2.2 2.3 1.3 3.4 3.8 2.4 2.8 3.0 2.6 3.9 2.9 2.0 3.2 3.1 3.1 2.2 2.1 2.9 3.8 4.0 | 3.1 2.4 2.9 2.2 | 2.4 5.2 2.9 2-0 4.2 2.3 2.9 2.5 2.9 2.1 3.1 2.1 2.0 2.9 I J | | { j j j | O.S. GOVT. TIM* AND SAVINGS DEPOSITS 2.7 3.3 3.6 3.8 2.7 I 3.0 3-1 4.3 3.3 3.3 | | 3.2 2.3 3.1 3.5 | | [ | | | 2.9 2.8 2.2 2.8 2.3 3.3 12.6 7.1 6.0 10.3 14.2 10.3 7.6 8.4 10.2 7.3 -JL | | | | { | | | | I 3.1 2.0 | | 8.3 8.5 7-0 7.2 2.1 1.8 6.2 11.1 { I | i | | 12.4 11.5 | | | 4.-4 j I | | ! | 3-4 3.7 11.5 11. 1 5.8 4.4 6.2 7.0 4.5 3.8 6.0 9.6 9.9 5.2 7.3 15.1 17.6 12.0 6.8 9.2 10.1 8.2 2.1 1.9 5.5 4.1 I | I 3.5 11.2 10.2 I I | | 3.2 | | | I ] 8.3 { TOTAL NOTE BALANCES 4.5 5.5 5.7 3.2 3-0 2.4 2.4 2.2 2.9 2.3 2.8 2.0 2.8 2.1 3.3 2.8 2.7 J 2.7 I 3.0 3.2 I I I I I I I I I I 3.3 3.4 3.6 I 3.7 3.4 2.8 | 3.6 2.8 2.2 2.9 3.9 9.9 I | J 3.5 9.2 9.0 9.1 DEPOSITS i AT I 1980 ADJUSTED) | | { | I : I | | i | | I | I i | _ 13.6 18.9 13.8 9.7 11.5 10.5 11.1 0.9 1.0 0.9 0.9 0.9 0.9 0.9 | I i | | * J j 0.9 0.9 I i i 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0-8 | J I J i J i | I I | J i 1 J J ] | I 0.7 0.7 0.7 J 1 i ,i 0.8 0.8 0.8 0.8 0.8 0.8 O.d 0.8 0.8 0.8 0.8 { J i I I J J | | j J 1 0.8 | i1 1 1 1 1 | 1 | i i 0.8 0.8 0.8 0-8 0.8 0.8 0.8 0.8 0.8 0.8 j i | J 1 i I j { J j i 8.7 10.9 17.6 16.2 13.1 10.0 11.9 12.7 10.0 9.2 12.7 15.5 14.7 11.1 13.8 21.2 24.3 18.9 13.3 14.9 | | | 16-* 1.2 I 7.3 6.8 15.5 13.3 7.5 8.2 10.5 9.8 5.5 9.6 16.3 j I 18.8 13.4 12.0 16.8 20.0 16.5 13.5 14.6 16.6 12.7 | f J J APPENDIX TABLE 12 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) _ U.S. GOVERNMENT DEMAND DEPOSITS DUE TO | TIME AND I | SAVINGS I I | AT I FOREIGN I AT I DUE TO FOREIGN FEDERAL | OFFICIAL | COMMERCIAL | COMMERCIAL | FOREIGN NOTE | BANKS | BANKS BALANCES RESERVE OFFICIAL INSTITUTIONS i I - BANKS jINST S BANKS i I I I L____ —____——.. L |_ | 3.0 | 2.9 7... I 11.9 4.7 I 11.5 3.5 i 11.7 14... | 4.0 I 2.3 3.4 I 3.1 | | 11.3 ' i | 3.1 | 11.2 12.5 5.2 I 3.1 3.6 21... I 3.5 2.7 | 11.3 28... I 5.7 3.2 12.2 4... I | 3.3 | 11.3 11.3 7.7 3.2 3.7 14. 1 11... i 4.0 3.9 2.5 11.3 3.3 11.4 18... 4. 1 13.6 | 3.8 2.8 I 3.0 25... I 3.4 | 12.6 | 6.3 2.7 11.3 3.3 4... 3.7 j 2.7 | 2.8 11.3 6.9 j| 11.0 12.4 | 11 3.0 j 3.9 2.5 3.3 11.0 18... | 5.9 3.1 | 4.1 3.4 11.2 11.8 | 25... I 3.2 | 2.4 | 2.9 12.0 | | 11.3 11.2 1... I 9.7 2.9 | 11.2 2.0 3.7 12.9 8... 11.0 11.8 3.7 3.6 7.2 j 2.9 | 15... 3.0 | 10.9 13.0 3.0 3.9 3.8 22... 4.0 | 11.0 4.0 3.8 12.5 9.3 29... I 3.5 | 11.0 12.5 3.9 4.0 12.6 I i DEMAND DEPOSITS 1981 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAE MAR MAR APR APR APR APB APR TOTAL 10.6 9.4 11.4 11.9 14.1 10.4 9.6 12.3 12.3 9.5 13.1 16.8 14.6 13.8 9.9 17.2 19.9 i | U.S. GOVT. | TIME AND | SAVINGS | DEPOSITS - J1 1 1 1 1 1 1 ] J | 0.8 0.8 0.8 0.8 0-8 0.8 0.8 0.8 0-8 0.8 0.8 I J J | | | 1 I | | | 0.8 0.8 J I 0.8 j 0.8 0-7 0.7 | J J Appendix Table 13 1981 Seasonal Factors--Monthly Average Outstanding Travelers Checks of Nonbank Issuers Month Seasonal Factor January .940 February ,944 March .945 April .943 May .959 June 1.042 July U130 August 1.123 September 1.065 October 1.012 November .959 December .937