Full text of H.6 Money Stock Measures : March 27, 1981
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESERVE statistical release For Immediate Release H.6 (508) MAR. 2 7 , 1 9 8 1 Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-B M1-A M2 Addenda: M3 L MI-Bplus Currency plus demand deposits 1 Date MI-Aplus other checkable deposits at banks and thrift institutions2 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 institutions^ commercial banks and thrift institutions4 M3 plus other liquid assets^ 1980-FEB. MAE. 373.5 372.9 391.4 391.4 28.3 26.3 56.7 60.9 1547.6 1554.6 1805.4 1813.0 2203.8 APR. MAY JUNE 366.7 367.1 370.9 386.3 386.1 391.3 22.1 23.3 24.6 60.4 66.8 74.2 1550.4 1563.7 1587.6 1811.9 1825.7 1846.2 2213.3 2229.8 2242.7 JULY AUG. SEPT. 373.5 379.5 383.4 395.5 402.7 408.0 29.1 31.6 33.0 80.6 80.7 78.2 1612.5 1632.5 1644.4 1867.7 1889.5 1904.6 2258.2 2282.7 2306.5 OCT. P NOV. P DEC. P 386.3 388.4 384.8 412.0 415.0 411.9 32.5 32.6 32.1 77.4 77.0 75.8 1656.5 1670.8 1673.4 1921.8 1946.1 1957.9 2319.1 2346.5 2372.0 372.8 7/ 366.0 7/ 416.1 7 / 417.3 7 / 32.6 31.9 80.7 92.4 1681.3 1692.0 1978.9 1993.3 P P P P 367.0 365.9 366.8 364.6 415.2 416.6 418.3 416.6 31.9 29.7 30.7 33.4 86.9 89.8 92.2 95.7 4 P 11 P 18 P 365.7 365.8 363.7 419.9 422.1 420.6 35.6 34.0 32.1 98.0 101-2 104.9 1981-JAN. ? FEB. P 2188.5 WEEK ENDING: 1981-FEB. MAR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 4 11 18 25 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.fi. FLOAT; AND (2) CURRENCY OUTSIDE THE TREASURY, F.B. 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 Al 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 DENOMINATION 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 REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY THRIFT INSTITUTIONS AT COMMERCIAL BANKS. LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MOBE AND ARE NET OF THE HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET MUTUAL FU^DS 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, BANKERS ACCEPTANCES AND TERM EURODOLLARS NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS. THE OBSERVED DATA FOR M1-A AND M1-B SINCE THE BEGINNING OF THE YEAR HAVE BEEN DISTORTED BY SHIFTS OF FUNDS OUT OF DEMAND DEPOSITS AND OTHEB ACCOUNTS INTO NOW ACCOUNTS, RESULTING FROM THEIR INTRODUCTION ON A NATIONWIDE BASIS. ADJUSTMENTS NEED TO BE MADE TO THE OBSERVED SERIES TO MEASURE THE UNDERLYING BEHAVIOR OF NARROW MONEY SUPPLY, ABSTRACTING FROM SUCH SHIFTS. INFORMATION CURRENTLY AVAILABLE FROM A NUMBER OF SOURCES—SUCH AS SAMPLES OF DEPOSITORY INSTITUTIONS AND HOUSEHOLDS—SUGGESTS THAT IN JANUARY AND FEBRUARY OF THIS YEAR ABOUT 75 TO 80 PERCENT OF THE INCREASE IN OTHER CHECKABLE DEPOSITS IN EXCESS OF "TREND" CAME FROM DEMAND DEPOSITS AND THE REMAINING 20 TO 25 PERCENT FROM SAVINGS ACCOUNTS AND OTHER SOURCES. ON THE BASIS OF THE AB0V2 ESTIMATES, THE OBSERVED CHANGE IN M1-B, FOR EXAMPLE, FROM THE DECEMBER AVERAGE TO THE JANUARY AVERAGE WOULD APPEAR TO BE OVERSTATED BY $3.2 TO $4 BILLION AND BY $1.5 TO $1.9 BILLION FROM JANUARY TO FEBRUARY AS A RESULT OF THE DISTORTING IMPACT OF THE SHIFTS. THESE ESTIMATES ARE SUBJECT TO REVISION AS MORE INFORMATION BECOMES AVAILABLE. NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL. H.6 (508) Table 1A MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted M1-A Currency plus demand deposits1 Date Addenda: M1-B -A plus other checkable deposits at banks and thrift institutions2 Overnight RPs at commercial banks plus overnight Eurodollars^ Money market mutual fund shares M3 M2 MI-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 institutions4 L M3 plus other liquid assets^ 1980-FEB. MAR. 365.3 366.1 383.2 384.6 28.3 26.3 56.7 60.9 1539.6 1551.4 1797.5 1810.7 2185.9 2204.5 APR. HAY JUNE 370.0 361.5 369.7 389.6 380.5 390.2 22.1 23.3 24.6 60.4 66.8 74.2 1558.6 1560.8 1589.4 1818.1 1821.7 1845.6 2221.3 2224.1 2241.0 JULY AUG. SEPT. 375.5 377.3 382.6 397.5 400.5 407.2 29.1 31.6 33.0 80.6 80.7 78.2 1618.0 1629.5 1642.3 1870.8 1886.6 1902.3 2259.6 2278.6 2296.2 OCT. P NOV. P DEC. P 388.0 391.1 394.7 413.7 417.7 421.8 32.5 32.6 32.1 77.4 77.0 75.8 1656.9 1665.7 1674.8 1923.1 1942.1 1962.8 2318.0 2344.7 2373.5 1981-JAN. P FEB. P 377.3 358.2 420.7 409.4 32.6 31.9 80.7 92.4 1684.8 1685.0 1984.3 1986.3 P P P P 362.2 361.2 360.1 350.6 410.4 411.9 411.7 402.6 31.9 29.7 30.7 33.4 86.9 89.8 92.2 95.7 4 P 11 P 18 P 358.8 361.3 359.2 413.0 417.6 416.0 35.6 34.0 32.1 98.0 101.2 104.9 WEEK ENDING: 1981-FEB. HAR. NOTE: 4 11 18 25 SEE TABLE 1 FOR FOOTHOTES. H.6 (508) Tsble 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change at seasonally adjusted annual rates Date M1-A M1-B Currency plus demand deposits 1 MI-Aplus other checkable deposits at banks and thrift institutions 2 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^ ?3B. FROM: NOV. 1980 (3 MONTHS PREVIOUS) -23.1 2.2 5.1 9.7 AUG. 1980 (6 MONTHS PREVIOUS) -7.1 7.3 7.3 11.0 FEB. 1980 (12 -2.0 6.6 9.3 10.4 MONTHS MAR. FOUR WEEKS ENDING: FROM FOUR KEEKS ENDING: PREVIOUS) 18, 1981 DEC. 17, 1980 (13 WEEKS PREVIOUS) -22-8 5.5 SEPT. 17, 1980 (26 WEEKS PREVIOUS) -9.3 6.4 MAR. 19, 1980 (52 WEEKS PREVIOUS) -2.2 7.3 NOTE: SEE TABLE 1 FOR FOOTNOTES. H.6 (508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Date Currency 1 Demand deposits2 Other checkable deposits 3 Overnight RPs (net) 4 Overnight EurodollarsS NSA NSA NSA Money market mutual funds 6 NSA Savings deposits at at commercial thrift banks institutions total Small denomination time; deposits? at at total commercial thrift banks institutions 1980-FEB. MAR. 108.1 108.9 265.4 264.0 17.9 18.4 24.2 22.7 4.1 3.6 56.7 60.9 188.4 182.7 215.7 210.6 404.0 393.3 251. 260. 418.8 425.4 670.2 685.7 APE. MAY JUNE 109.0 110.2 111.0 257.7 256.9 259.9 19.5 19.0 20.4 19.4 20.5 21.7 2.7 2.8 2.9 60.4 66.8 74.2 176.3 175.6 180.6 203.1 199.6 204.0 379.4 375.2 384.6 271. 274. 274. 433.8 440.6 441.8 705.3 715.3 715.3 JULY AUG. SEPT. 112. 113. 113.9 261.4 266.0 269.5 22. 23, 24.6 25.5 27.9 29.2 3.6 3.7 3.7 80.6 80.7 78.2 186.5 190.6 192.0 211.5 217.5 220.1 398 . 0 408. 1 412. 1 273.3 273.5 275.0 439.1 439.1 441 .4 712.4 712.6 716.4 OCT. P NOV. P DEC. P 115. 1 115.8 116.4 271.2 272.6 268.4 25.7 26.6 27.1 28. 27. 27. 4.4 4.7 4.6 77. 77. 75.8 193.6 192.2 185.8 220.6 215.6 207.8 414.2 407.8 393.6 277.6 284.9 294.3 446.1 456.7 468.9 723.6 741.6 763.2 1991-JAN. P FEB. P 116.6 117.3 256.2 248.8 43.3 51.2 27.4 26.9 5.1 4.9 80.7 92.4 177.3 173.0 199.8 194.2 377.1 367.3 303.2 307.7 474. 9 478.7 778.1 786.5 P P P P 116.8 116.9 117.4 117.6 250. 249. 249. 246.9 48.2 50.6 51.6 52.0 26.7 25.1 25.5 28.5 5.2 4.6 5.2 4.9 86.9 89.8 92.2 95.7 174.2 173.7 173. 1 172.2 306.3 307. 1 307.1 308.1 4 P 11 P 18 P 117.7 117.4 117.9 248.0 248.5 245.8 54.2 56.3 56.8 30.9 29.8 27.5 4.7 4.2 4.5 98.0 101.2 104.9 171.3 171.4 170.7 310.4 311. 1 311.6 WEEK ENDING: 1981-FEB. MAR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 4 11 18 25 CURRENCY OU1SIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL BANKS. DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTdEP THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERN1 HEN I AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN 'iHE PROCESS OF COLLECTION AND F.R. FLOAT. INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFX 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 HONEY MARKET MUTUAL FUNDS. ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. KONBANK CUSTOMERS. TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING. SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. H.6 (508) Table 3—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS billions OT aonars, seasonally aa usiea uniess OTlerwise noiea Large denomination time deposits1 at commercial at thrift 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 securities5 Bankers acceptances^ Commercial paper? 1980-FEB. NAB. 193.9 195.4 33.5 34.1 227.4 229.5 23.7 22.2 6.6 6.7 30.3 28.9 49.5 49.2 78.1 76.8 129.3 137.2 26.9 27.9 99.3 ^9.8 APR. MAY JUNE 197.5 197.2 192.7 34.9 35.9 35.9 232.4 233. 1 228.6 22.5 22.5 23.5 6.7 6.5 6.5 29.1 28.9 30.0 49.9 50.3 48.9 75.2 74.0 73.3 147.2 152. 1 148.7 28.5 28.3 29.1 100.6 99.5 96.5 JULY AUG. SEPT. 187.8 186.6 189.0 36.2 36.7 37.8 224.0 223.3 226.8 24.7 27.3 26.4 6.5 6.5 7.0 31.1 33.8 33.5 48.4 48.4 45.2 72.8 72.6 73.2 144.7 147.2 154.8 28.9 28.5 30.0 95.8 96.6 98.7 OCT. P NOV. P DEC. P 190.4 197.5 204.7 39.4 41.3 43.3 229.8 238.8 248.0 28.0 28.9 28.9 7.5 7.5 7.6 35.5 36.5 36.5 43.6 46. 1 48.4 74.6 72.9 72.8 149. 1 149.7 158.7 31.0 32.5 34.2 99.0 99.2 100. 1 1981-JAN. P FEB. P 214.2 218.0 44.6 45.5 258.8 263.5 31.1 30.5 7.8 7.4 38.8 37.9 WEEK ENDING: 1981-FEB. MAR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 4 11 18 25 P P P P 220.2 220.4 218.8 219.3 31.7 31.8 30.9 29.2 4 P 11 P 18 P 216.2 213.3 213.9 28.1 28.9 27.9 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE. LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS. TE&M 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 f aujusicu Date Currency 1 at member banks2 Demand deposits at foreignat domestic related nonmember banking banks3 offices intheU.S.4 Other checkable deposits total at commercial banks5 at thrift institutions 6 total Overnight RPs<net)7 Money market Overnight Eurodollars 8 mutual funds9 1960-FEB. MAS. 106.8 107.9 165.4 164.9 86.6 86.5 6.5 6.7 258.5 258.2 13.6 13.9 4.3 4.6 17.9 18.4 24.2 22.7 4.1 3.6 56.7 60.9 APR. MAY JUNE 108.7 109.9 111.2 168.6 161.3 166.1 87.0 84.3 86.2 5.7 5.9 6.3 261.3 251.5 258.6 14.8 14.2 15.5 4.8 4.8 4.9 19.5 19.0 20.4 19.4 20.5 21.7 2.7 2.8 2.9 50.4 66.8 74.2 JULY AUG. SEPT. 112.7 113.7 113.7 167.9 169.2 173.1 87.9 88.3 89.9 6.9 6.1 5.9 262.7 263.6 268.9 16.9 18.0 18.9 5.1 5.2 5.6 22.0 23.2 24.6 25.5 27.9 29.2 3.6 3.7 3.7 80.6 80.7 78.2 CC1. P NOV. P DEC. P 114.9 116.6 118.5 175.7 175.7 177.2 91.5 92.7 92.7 5.9 6.1 6.2 273.1 274.5 276.2 19.8 20.6 21.0 5.9 6.0 6.1 25.7 26.6 27. 1 28.1 27.9 27.6 4.4 4.7 4.6 77.4 77.0 115.8 115.9 166.1 151.3 89,6 85.2 5.9 5.7 261.5 242.3 34.7 41.4 8.6 9.8 43.3 51.2 27.4 26.9 5.1 4.9 80.7 92.4 155.7 153.5 151.2 146.7 86.1 85.8 86.0 83.5 5.4 5.5 6.4 5.5 24 7. 1 244.8 243.6 235.6 3C.8 40.9 41.6 42.0 9.4 9.7 48.2 9.9 50.6 51.6 52.0 26.7 25.1 25.5 28.5 5.2 25 P 115.1 116.4 116.5 115.0 4.9 66.9 89.8 92.2 95.7 4 i> 11 P 18 P 116.0 117.4 117. 1 151.5 152.5 151.4 85.1 85.8 85.2 6.1 5.7 5.5 242.8 244.0 242.1 43.9 45.6 46.0 10.3 10.7 10.3 54.2 56.3 56.8 30.9 29.8 27.5 4. 7 4.2 4.5 98.0 101. 2 104.9 1981-JAN. FEB. WEEK P P ENDING: 1981-fEB. MAR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 6/ V 7S.8 4 P 11 P 18 P 10.0 4.6 5.2 CURRENCY OUTRIDE iHE U.S. TK2ASURY, F.S. BANKS AND THE VAULTS OF COMMEBCIAL BANKS. DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH H E M S IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT (1EMBER BANKS OF THE FEDERAL'RESERVE- SYS1EM. DEKAriD DEPOSITS OTHEh THAN THOSE DUE TO DOMESTIC BANKS, THE D.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH H E M S 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. * NO* AND ATS ACCOUNTS Al BANKS. MOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AI1 MUTUAL SAVINGS BANKS.. INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY LUHKiST MUTUAL FUNDS. ISSUED aY CARIBBEAN BLANCHES OP U.S. MEMB3R BANKS TO U.S. NONBANK CUSTOMERS, TOinu MONEY MAKKST MUTUAL FUND SHARES OUTSTANDING. H.6 (508) Table 3A—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Small denomination time deposits1 at mutual at at savings savings banks credit unions and loans total 329.1 333.8 81.7 83.3 10.5 10.9 673.4 689.0 271.8 275.8 275.4 339.3 341.7 341.7 85.6 86.9 87.1 11.2 12.0 12.4 707.9 716.4 716.6 401.0 408.8 412.4 273.6 273.2 275.0 340.2 338.5 339.8 86.9 86.8 87.3 12.2 12.6 12.7 712.9 711. 1 714.9 46.2 45.4 44.2 412.9 405.8 390.9 278.4 282.7 291.3 343.7 349. 1 358.0 88.5 90.0 92.6 13. 1 14.1 15.5 7 23-7 735.9 757.4 43.0 41 .8 374.8 364.5 302.6 308.7 365.3 367.9 94.9 96.2 16.5 17.4 77y. 3 7*0. 1 Savings deposits at mutual at savings banks credit unions total at commercial banks 42.6 42.9 400.9 393.6 252.1 261.0 54.3 53.2 54.2 42.7 42.2 43.2 381.8 376.9 386.9 112.9 116.0 117.7 55.7 56.6 57.0 44.9 45.5 46.0 192.9 191.0 184.1 117.2 113.9 109.0 56.7 55.4 53.5 176.5 172.1 103.7 100.5 51.6 50.0 at commercial banks at savings and loans 1930-F2B. MAR. 187.3 183.4 113.5 111. 1 57.5 56.3 APL. •1AY JUNE 178.0 176.7 181.2 106.8 104.8 108.3 JULY AUG. SEPT. 187.6 190.8 191.6 OCT. P NOV. P DEC. P 1*81-JAN. P fhB. P Date W^K LND1NG: 1981-FE6. aAiw 1/ 4 11 13 25 P P P P 173.0 172.8 172.2 171.3 306.3 307.7 308.3 310.0 4 9 11 P 18 P 170.7 171.4 171.3 311.6 312.3 313.2 SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $ 1 0 0 , 0 0 0 . H.6 (508) Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Large denomination time depositsl at at mutual at savings savings total commercial banks2 banks and loans Date Term RPs3 at commercial banks at thrift Institutions total Term Eurodollars (net)4 Savings bonds Short-term Treasury securities^ Commercial • Bankers acceptances^ paper7 1980-FEB. MAR. 194.9 197.0 29.9 30.6 2.8 2.8 227.6 230.4 23.7 22.2 6.6 6.7 30.3 28.9 49.5 49.2 78.2 76.8 132.6 139.0 28.2 23.9 100.0 99.8 APE, MAY JUNE 195.9 196.2 189.8 31.6 32.8 33.5 2.9 2.9 2.9 230.4 231.9 226.2 22.5 22.5 23.5 6.7 6.5 6.5 29.1 28.9 30.0 49.9 50.3 48.9 75.1 73.9 73.5 148.5 151.9 146.2 29.0 29.0 29.4 100.7 97.4 97.3 JULY AUG. SEPT. 184.6 185.4 187.7 34.1 2.9 2.9 2.9 221.7 223.3 226.5 24.7 27.3 26.4 6.5 35.0 35.9 6.5 7.0 31.1 33.8 33.5 48.4 48.4 45.2 73.3 73.2 73.1 142.1 146.0 148.8 28.8 28.8 30.0 96.2 95.6 96.8 OCT. P NOV. P DEC. P 190.6 198.9 209.4 37.1 38.0 39.1 3.0 3.0 3.0 230.7 240.0 251.5 28.0 28.9 28.9 7.5 7.5 7.6 35.5 36.5 36.5 43.6 46. 1 48.4 73.0 72.9 72.7 149.4 152.0 158.1 30.8 31.3 31.4 98.1 100.3 100.0 1981-JAN. P FEB. P 217.2 219.0 40.4 41.1 3.1 3.3 260.7 263.4 31.1 30.5 7.8 7.4 38.8 37.9 WEEK ENDING: 1981-JFEB. MAR. 1/ 2/ 3/ 4/ 5/ 6/ 7/ P P P P 222.0 221.6 219.6 219.8 31.7 31.8 30.9 29.2 4 P 11 P 13 P 217.8 215.2 215.5 28.1 28.9 27.9 4 11 18 25 LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE. LABGE 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. TEBM 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 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 0.9 0.9 1980-FEB. MAR. 12.0 12.8 3.3 3.2 9.1 9.4 2.7 2.7 3.4 2.7 9.0 5.1 15.1 10.5 APS. HAY JUNE 12.4 13.0 11.9 3.8 3.7 3.2 10.1 10.5 11.1 3.6 2.6 3.2 2.6 2.8 2.9 5.4 5.9 6.8 11 11 13.0 JULY AUG. SEPT. 11.8 11.2 11.3 3.3 3.2 2.9 11.1 11.1 11.4 3.2 2.8 3.2 3. 1 3.3 3.3 6.1 6.5 11.0 12.4 12.6 17.4 OCT. P NOV. P DEC. P 11. 11. 12.0 3.0 3.4 3.6 11.6 11.5 11.7 3.0 2.5 2.7 3.2 3.0 2.7 9.7 4.1 6.3 16.0 9.6 11.7 1981-JAN. P FEB. P 11.3 12.2 3.4 3.5 11.6 11.5 2.8 2.7 3.2 3.3 5.1 5.4 11. 1 11.4 0.8 0.8 P P P P 10.6 13.4 12.9 11.9 3.6 3.2 3.9 3.2 11.5 11.5 11.6 11.5 3.1 2.4 2.9 2.6 3.3 3.9 2.8 3.4 7.7 4.0 3.8 6.3 14.1 10.4 9.5 12.3 0.8 0.8 0.8 0.8 4 P 11 P 18 P 10.6 11.7 11.1 3.6 3.2 3.3 11.2 11.2 11.4 2.7 2.5 4.0 2.7 3.0 3.1 6.9 3.9 5.9 12. 9. 13.0 0.8 0.8 0.8 0.8 0.8 0.9 WEEK ENDING: 1981-FEB. MAR. 4 11 18 25