Full text of H.6 Money Stock Measures : June 27, 1980

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

JUNE 2 7 , 1 9 8 0

Table 1

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

Addenda:

M2

M3

L

M1-Bplus
Currency
plus demand
deposits 1

Date

M1-Aplus
other checkable
deposits at banks
and thrift
institutions 2

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

NSA

NSA

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

M3 plus other
liquid assets^

355.5
359.4

369-2
373.9

28.7
29.2

1449.5
1465.9

1679.2
1695.2

2021.1

24.6

JULY
ArjG.
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.
MAR.

370.8
373.7
373.1

388.1
391.3
391.2

26.6
27.1
24.6

49.1
56.7
60.4

1534.3
1546.5
1552.6

1786.7
1804.4
1809.8

2155.1
2175.7
2186.3

APEMAY

367.6
367.8

386.6
386.2

20.3
21.8

60.6
65.4

1550.1
1561.8

1810.5
18 23.4

2195.4

21
28

369.1
367.3
368.2
367.2

387.4
385.5
386.6
385.6

21.3
19.4
21.5
23.0

63.0
65.3
67.6
69.2

4
11 P
18 P

369.7
369,3
372.8

388.7
389.1
392.5

25.2
21.2
20.9

71.2
72.7

1979-MAY
JUNE

21.8

2048.8

WEEK ENDING :

1980-MAY

JUNE

1/
2/
3/
4/

5/
6/

' 7
14

74.2

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

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




H.6 (508)
Table 1A

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

Currency
plus demand
deposits!

Date

Addenda:

M1-B

MI-Aplus
other checkable
deposits at banks
and thrift
institutions 2

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 3

Money market
mutual fund
shares

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

L

M3 plus other
liquid assets**

350.0
358.4

363.6
373.0

28.7
29.2

21.8

24.6

1446.7
1468.1

1675.4
169S.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
1439.2
1501.4

1712.4

1722.9
1743.4

2065.6
2077.3
2101.3

OCT.
NOV.
DEC.

368.2
370.6
379.2

384.5
386.8
396.0

28.8
25.7
25.3

36.9
40.4
43.6

1510.1
1511.8
1527.2

1758.4
1762.0
1780.7

2118.6
2124.3
2143.5

1990-JAN.
FEB.
MAR.

375.6
365.5
366.3

392.9
383.0
384.4

26.6
27.1
24.6

49.1
56.7
60.4

1537.7
1538.4
1549.5

1792.0
1796.4
1807. 6

2161.7
2173.2
2186.9

APR.
*AY

370.9
362.1

389.9
380.5

20.3
21.8

60.6
65.4

1558.3
1558.9

1816.7
1819.4

2203.4

7
14
21
23

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
11 P
18 P

367.3
371.7
373.8

386.2
391.5
39 3.5

25.2
21.2
20.9

71.2
72.7
74.2

1979-MAY
JUNE

WEEK E N D I N G :
1980-WAY

JUNE

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 2

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

Date

M1-A

M1-B

Currency
plus demand
deposits 1

M1-Aplus
other checkable
deposits at banks
and thrift
institutions2

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

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

MAY •

FRCM :

FEB.

1980

(3

MONTHS

PREVIOUS)

-6.3

-5.2

4.0

4.2

NOV.

1979

(6

MONTHS

PREVIOUS)

-0.1

1.0

6.0

6.6

MAY

1979

(12

4.6

7.7

8.6

MONTHS

JUNE
FOUR WEEKS ENDING:
FROM FOUR WEEKS ENDING:

PREVIOUS)

18,

3.5

1980

-3.6

-2.1

HAH.

19,

1980

(13

WEEKS

PREVIOUS)

DEC.

19,

1979

(26 WEEKS

PREVIOUS)

1.0

2.4

JUNE

20,

1979

(52

PREVIOUS)

3.2

4.4

NOTE:

WEEKS

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

Other
Currency

Date

1

Demand
deposits 2

checkable
deposits 3

Overnight
RPs
(net) 4

NSA

NSA

Overnight
Eurodollar

100.9
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.
MOV.
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

APfl.
MAY

109.0
110.1

14
21
28
4
11 P
18 P

1979—MAY
JUNE

Money
market
mutual
funds6
NSA

Savings deposits
at
at
commercial
thrift
banks
institutions

total

Small denomination time deposits7
at
at
total
commercial
thrift
banks
institutions

21.8
24.6

205.1

205.9

243.4
243.9

448.6
449.8

206.1
210.0

377.8
381.0

5P3.9
591.0

3.0
3.3
3.6

28.0
31.2
33.7

206.4
206.5
204.9

244.5
243.9
240.5

4 50.9
450.4
445.4

213.3
217.9
222.1

382.9
386.5
392.5

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
225.2
222.4

436.0
421.3
416.6

227.5
237.0
241.5

400.9
410.8
415-0

628.4
647.3
6F6.5

17.3
17.6
18.0

22.6
23.0
21.0

4.1
4.1
3.6

49.1
56.7
60.4

192.2
188.6
183.0

219,6
214.5
208.9

411.7
403.1
391.8

245.9
251.2
260.1

415.8
420. 1
427.4

661.7
671.3
687.5

258.6
257.7

19.0
18.4

17.6
19.1

2.7
2.8

60.6
65.4

176.4
175.3

201.0
197.6

377.3
372.9

271.9
275.1

436.4
443.3

708.3
718.4

110.1
109.7
109.9
110.7

259.0
257.6
258.3
256.5

18.3
18.3
18.4
18.4

18.9
17.0
18.9
19.9

2.4
2.4
2.7
3.1

63.0
65.3
67.6
69.2

174.2
174.6
175.5
176. 1

274.8
275.1
275.3
275.3

110.4
110.6
111.1

259.3
258.7
261.7

18.9
19.8
19.7

22. 1
18.6
18.1

3.1
2.5
2.8

71.2
72.7
74.2

177.2
179.0
180.0

274.9
274.5
274.5

WEEK E N D I N G :

1980-

MAY

JUNE

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

7

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




H.6 (508)
Table 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
billions OT aonars, seasonally aajusiea uniess onlerwise noted
Large denomination time deposits'1
at thrift
at commercial
Date
banks2
institutions
total

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances6

Commercial
paper7

19.2
20,4

198.2
196.8

25.4
26.0

6.1
6.4

31.5
32.4

29.6

80.6

176.4

29.9

80.4

122.5
131.4

21.0
21.5

88.2
90.4

JULY
AUG.
SEPT.

177. 1
178.9
184.9

21.8
22.9
24.1

198.9
201.8
208.9

25.2
25.2
26.4

6.8
7.0
7.3

32.0
32.2
33.7

31.4
33.9
33.4

80.0
80.0
80.6

128.8
123.0
128.1

22.6

25.0
26.6

91 . 8
93.6

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

1 9 8 0 — JAN.
FEB.
MAP.

190.6
195.1
196.0

31.9
33.5
34. 1

222.5
228.6
230.0

23.3
22.7
20.6

6.6
6.6
6.6

29.9
29.2
27.1

34.1
37. 5
37.4

79.2
78.1
76.8

127.6
128.8
133.7

28.4
27.6
28.8

99.0
99.3
99.8

APB.
MAY

198.6
199.0

34.9
35.8

233.5
234.8

20.4
20.3

6.5
6.5

26.9
26.8

38.2

75.2

141.3

29.6

100.6

1979—HAY
JUNE

178.9

95.7

WEEK ENDING :

1980-

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

MAY

7
14
21
28

200.6
200.3
198.4
196.7

20.6
21.4
19.0
20.1

JUNE

4
11 P
18 P

194.7
194.8
194.7

20.6
23.2
20.7

LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OR MOPE.
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 or aoiiars, not seasonali / aajusxea
Currency 1

Date

at member
banks2

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

Other checkable deposits

total

at
commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)7

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

OCT.
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

1990—JAN.
FEE.
MAE.

106,5
106.8
107.9

173.9
165.3
164.9

89.2
86.8
86.6

6.0
6.5
6,8

269.1
258.7
258.4

13.4
13.7
14.0

3.9
3.9
4.0

17.3
17.6
18.0

22.6
23.0
21.0

4.1
4.1
3.6

49.1
56.7
60.4

108.. 7
109.9

168.6
161.3

87.5
84.5

6.1
6.4

262.2
252.2

14.9
14.3

4. 1
4.1

19.0
18.4

17.6
19.1

2.7
2.8

60.6
65.4

1979—MAY
JUNE

Nov.

APR.
HAY

WEEK

1980-

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

ENDING:

MAY

7
14
21
28

110.1
109.9
109.7
109.9

163.4
162.3
161.0
158.6

86.0
84.9
84.1
82.6

6.0
6.1
6.8
6.6

255.4
253.3
251.8
247.7

14.2
14.1
14.3
14.3

4.1
4. 1
4. 1
4. 1

18.3
18.3
18.4
18.4

18.9
17.0
18.9
19.9

2.4
2.4
2.7
3.1

63.0
65.3
f7.6
69.2

JUNE

4
11 P
18 P

110.3
111.7
111.3

164.3
166.4
168.3

86.0
87.4
87.8

6.7
6.2
6.3

257.0
260.0
262.5

14.8
15.7
15.5

4. 1
4. 1
4.1

18.9
19.8
19.7

22.1
18.6
18.1

3.1
2.5
2.8

71.2
72.7
74.2

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 2ND ATS ACCOUNTS AT BANKS.
NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
' nujudicu

at commercial
banks

Date

at savings
and loans

Savings deposits
at mutual
at
savings banks
credit unions

total

Small denomination time deposits1
at savings
at
at mutual
and loans
savings banks
credit unions

at commercial
banks

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

73.8

5.0
5.6

584.7
591,5

JULY
AUG.
SEPT.

207.6
206.7
204.5

132.1
131.4
129.4

66.7
65.9
65.0

48.0
47.3
46.8

454.3
451.2
445.7

213.5
217.6
222.1

302.9
3 04.0
307.9

74.0
74.3
75.4

6.3
7.1
7.9

596.7
603.1
613.2

OCT.
NOV.
DEC.

201.3
194.8
192.4

124.8
119.6
118.1

63.0
60.7
59.9

45.6
44.1
43.5

434.6
419.2
413.8

228.0
235.1
239.0

314.4
319.5
322.4

77.1
78.7
79.7

8.7
9.5

10.3

628.2
642.7
651.5

1930—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

APE.
MAY

178.0
176.5

106.8
105.0

54.3
53.3

40.6
39.9

379.7
374.6

272.2
276.2

339.3
341.7

85.6
86.9

13.8
14.6

710.9
719.5

1979—MAY
JUNE

WEEK ENDING:
1980-

MAY

JUNE

1/

21
28

175.2
175.9
176.8
177.3

275.6
276.2
276.4
276.4

4
11 P
18 P

178.4
180.0
180.5

276.3
275.9
275.9

7
14

'

SMALL DENOMINATION TIME DEPOSITS ARE tfHOSE ISSOBt) 'IN AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 .




73.6

H.6 (508)
Table 3A—continued

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

Date

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

Term RP$3

at
commercial
banks

at thrift
Institutions

total

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

Commercial
Bankers
acceptances^
paper7

178.0
173.8

2.0
2.1

197.2
194.5

25.4
26.0

6. 1

18.6

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

JOLY
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

OCT.
NOV.
DEC.

189.1
191.6
193.5

23.8
25.4
26.8

2.5
2-6
2.7

215.4
219.7
223.0

25.7
23.6
23.8

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
230.9

23.3
22.7
20.6

6.6
6.6
6.6

29.9
29.2
27.1

34.1
37.5
37.4

79.2
78.2
76.8

130.2
132.1
135.4

27.5
28.9
29.8

98.7
100.0
99.8

APE.
*AY

197.0
198.0

31.6
32.8

2.8
2.9

231.5
233.6

20.4
20.3

6.5
6.5

26.9
26.8

38.2

75.1

1U2. 6

30.1

100.7

1979—MAY
JT7NT2

WESK

1980-

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

17.1

ENDING:

MAY

7
14
21
29

198.4
198.7
198.0
196.9

20.6
21.4
19.0
20.1

JTJNE

4
11 P
18 P

193.7
19 2.7
191.2

20.6
23.2
20.7

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MOPS.
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 GFEATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TE3M SUFODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MTTOAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECUEITI3S 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, not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

foreign official
institutions

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

demand deposits at
Federal Reserve
commercial banks
Banks

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

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

10.1

3.1

10.6

3.3

10.0
9.9

2.4
3.5

3.3
3.3

6.0
7.3

11.7
14.1

1.0
1.0

JUL*
AUG.
SEPT.

11.0
10.8
11.3

3.1
2.9
2.7

9.9
9.8
9.8

2.2
2.3
2.7

3.3

11.0
7.5

9.7

16.5
12.8
16.3

1.0
1.0
1.0

OCT.
NOV.
DEC.

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

1980-JAN.
FEB.
NAB.

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

APR.
NAT

12.3
13.0

3.5
3.3

9.2
9.6

3.5
2.5

2.6
2.8

5.4
5.9

11.6
11.2

0.7
0.6

7
14
21
28

12.7
12.4
13.4
13.7

3.7
3.3
3.3
3.0

9.4
9.3
9.3
10.1

3.0
2.3
2.9
2.1

2.4
2.8
3.0
2.6

8.3
4.5
5.5
5.7

13.7
9.6
11.4
10.5

0.7
0.6
0.6
0.6

4
11 P
18 P

12.1
12.5
11.7

3.0
2.8
2.7

10.1
10.0
10.0

2.7
2.3
5.2

3.9
2.9
2.0

4.4
3.4
3.5

11.0
8.6
10.7

0.6
0.6
0.6

1979-MAY
JONE

3.0
3.9

WEEK ENDING;
"1930—NAY

JUNE




SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at
All Insured Commercial Banks and All Mutual Savings Banks
March 26, 19881; and April 30, 1980, and May 28, 1980
(Not seasonally ^
i
^
March 26

Insured Commercial Banks
May 30
April 30

March 26

Mutual Sayings Banks
April 30
May "28""

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

43,865o
(788)

138,688
(2099)

157,954
(2272)

155 t 335p
(2236)

40,273
(688)

45,106
(855)

6,152
(274)

8,860
(359)

13,497p
C484)

2,313
(100)

3,504
(158)

5,209
(229)

13,742

13,860

13,866p

463

463

46ip

13,022

12,87(L

12,788p

454

455

463

95,1

9.3,3

99.8

88.4

n.a,

92,5

92,1

W*8

Number of institutions offering:
2/
6-month money market certifictates—
2-112 year and over variable
ceiling certificates
Percent of offering institutions
paying the ceiling rate during the
survey period:
2/
6-month money market certificates—
2-1/2 year and over variable ceiling
certificates
If
2J

J3/

9-4*2

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