Full text of H.6 Money Stock Measures : March 28, 1980

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FEDERAL RESERVE statistical release
H.6 (508)

MARCH

28, 1980

Table 1

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

Currency
plus demand
deposits1

Date

MI-Aplus
other checkable
deposits at banks
and thrift
institutions2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 3

Money market
mutual fund
shares

NSA

NSA

M2
M3
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^

1979-FEB.
MAR.

350.0
351.9

360.7
363.9

23.6
24.8

14.5

1412.8

16.8

1425.4

1640.2
1652.6

1952.8
1976.0

APR.
MAY
JUNE

356.2
356.1
360.3

369.7
369.5
374.3

25.1
26.3
26.0

19.2
21.8
24.6

1440.2
1448.3
1464.5

1666.5
1674.9
1689.5

1998.1
2016.7
2043.0

JULY
AUG.
SEPT.

363.2
365.4
367.5

378.0
380.7
383.2

25.1
25.2
26.1

28.0
31.2
33.7

1476.4
1489.5
1499.7

17 02.9
1719.3
1738.2

2057.3
2074.9
2103.3

OCT.
NOV.
DEC.

368.0
369.6
371.5

383.9
385.3
387.7

25.6
23.5
24.1

36.9
40.4
43.6

1507.2
1514.5
1524.2

17 51.8
1762.6
1773.6

2115.2
2124.2
2141.3

372.6
376,3

389.1
392.9

24.925.0

49.1
56.6

1532.7
1546.3

1785.3
1802.4

2156.b

6
13
20
27

377.1
376.3
377.5
374.6

393.6
392.8
394.1

391.i

24.4
23.3
26.3
25.2

5
12 P
19 P

374.6
376.2
375.0

391.4
393.3
391.9

25.8
23.5
23.4

1980-JAN. P
FEB. P

WEEK ENDING:
1980-FEB.

MAR.

1/

2/
3/
V

5/
6/

INCLUDES

(1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS. THE O.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 CARIEBEAN 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 DOMESTIC 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
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
deposits 1

Date

1979-FEB.
HAR.

Addenda:

M1-B

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

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

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

M3 plus other
liquid assets^

342.2
345.5

353.0
357.5

23.6
24.8

14.5
16.8

1404.3
1422.2

1632.2
16 50.5

1948.7
1976.1

APRIL
MAY
JUNE

359.5
350.5
359.3

373.0
363.9
373.4

25.1
26.3
26.0

19.2
21.8
24.6

1448.5
1445.5
1466.8

1673. 1
1671.1
1689.4

2006.0
2013,9
2041.7

JULY
A0G.
SEPT.

365.1
363.2
367.0

379.9
378.6
382.7

25.1
25.2
26.1

28.0
31.2
33.7

1482.2
1436.8
1498.2

1706.1
1716.3
1736.1

2059.2
2071.0
2094.6

OCT.
NOV.
DEC.

369.7
372.2
381.1

385.5
387.8
397.3

25.6
23.5
24.1

36.9
40.4
43.6

1507.1
1509.9
1526.0

1752.4
1759. 1
1779.0

2113.4
2122.7
2143.9

377.4
368.0

393.9
384.6

24.9
25.0

49.1
56.6

1536.1
1538.1

17 90.5
1794.4

2163.2

6
13
20
27

373.1
371.2
368.4
360.0

389.6
387.8
385.0
376.4

24.4
23.3
26.3
25.2

5
12 P
19 P

368.6
371.5
369.6

385.4
388.5
386.5

25.8
23.5
23.4

1980-JAN. P
FEB. P
WEEK E N D I N G :
1980-FEE.

MAR.

i
i

I
NOTE:

L

SEE TABLE 1 FOR FOOTNOTES.




I
I

H.6 (508)
Table 2

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

MIA

Date

Currency
plus demand
deposits 1

M1-B

M2

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

M1-Bplus
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions4

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

FEB.

FROM:

HOV.

1979

(3 HOMTHS PREVIOUS)

7.3

7.9

AUG.

1979

(6

6.0

6.4

7.6

9.7

FEB.

1979

(12

7.5

8.9

9,4

9.9

flONTHS

PREVIOUS)

MONTHS PREVIOUS)

POUR WEEKS Elf D I N G :
MAR.
FROH POUR WEEKS ENDING:

19,

1980

DEC.

19,

1979

( 1 3 WEEKS PREVIOUS)

6.0

6.5

SEPT.

19,

1979

( 2 6 WEEKS PREVIOUS)

4.5

4.9

MAR.

2 1 , 1979

(52

6.8

8.0

NOTE:

WEEKS PREVIOUS)

SEE TABLE 1 FOR FOOTNOTES.




9.0

H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LiQUSD ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted

Date

1

Currency

Demand
deposits 2

Other
checkable
deposits 3

Overnight
RPs
(net) 4

NSA

NSA

Overnight
EurodollarsB
—NSA

Money
market
mutual
funds6
- NSA .

Savings deposits
at
commercial
banks

at
thrift
institutions

total

Small denomination time deposits
at
at
total
commercia!
thrift
banks
institutions

1979—FEE,
MAP.

98*9
S9.6

251.1
252.3

10.8
12.0

20.9
22.0

2.6
2.8

14.5
16.8

209.9
207.8

250.7
249.1

460.6
456.9

195.6
198.1

360.3
367.4

555.°
565,6

APR.
HAY
JUNE

100.2
100.8
101,7

256.0
255.2
258.5

13.5
13.4
14.1

22.4
23.5
23.1

2.8
2.8
2.9

19.2
21.8
24.6

206.6
205.5
206.4

246.0
243.3
243«8

452.6
448.9
450.2

202.
206.
211.0

3 73.7
377.8
381,0

576.3
584.5
592.0

JULY
AUG.
SEPT.

102.6
103.7
104.8

260.6
261.7
262.7

14.8
15.
15,

22.0
21.9
22.6

3.0
3.3
3.5!

28.0
31e2
33.7

206.6
206.5
204.9

244.4
243.8
240.4

/451.0
450*3
445.3

214. 1
218. 1
22 L 6

382.
386,
392.

597.0
604.6
614.2

OCT.
NOV.
DEC.

105.a
105.9
106. 1

262.
263.
265.4

15.8
15
16

22.2
20.3
20.6

3.4
3.2
3.5

36.9
40.4
43.6

202.1
197.1
195.5

233.9
225. 1
222.2

435.9
422.2
417.7

226.
235.
238.8

400.9
410. 3
415.0

^27.5
645.8
653.R

107.3
108.2

265.3
268.1

16.5
16.5

20.7
21.7

4.2
3.3

49.1
56.6

193.5
190.9

219.5
214.5

413.0
405.4

243.7
249.4

415.6
419.6

659.3
669.0

6
13
20
27

108.2
107,9
103,3
108. 4

269.0
268.3
269.3
266.2

16.5
16.6
16.6
16.5

21.2
22.8
21.6

3.2
2.7
3.5
3.6

192.1
191*6
190.8
189.8

247.3
248.5
249.6
251.2

5
12 P
19 P

108.7
108.7
109.0

265. 9
267.5
265.9

16.8
17.0
17.0

22. 1
20.4
20.3

3.7
3.1
3.1

188.6
187.2
185.2

251.9
254.3
256.5

1980—JAN. P
FEB. P
WEEK ENDING :
1980—FEB.

MAR.

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

'20.6

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND POREIGN RELATED INSTITUTIONS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE U.S. GOVERNMENT
AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT.
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 f 000.




H.6 (508)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Large denomination time depositsl
at thrift
Date
at commercial
total
institutions
banks?

Term RPs3
at commercial
banks
NSA

at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Commercial
Bankers
paper7
acceptances^

1979—FEB.
MAE.

183.2
181.9

17.8
18.1

200.9
200.0

20,8
21.5

5.7
5.7

26.5
27.2

27. 1
28.4

80.6
80.5

100.4
108.2

21.3
21.3

83.1
85.0

APE.
MAY
JUNE

179.9
178.1
175.0

18.5
19.2
20.4

198.4
197.3
195.4

21.9
23.1
22.9

6.0
6.2
6.6

27.9
29.3
29.5

29.1
29.6
29.9

80.6
80.6
80.4

114.2
122.3
131.2

21.1
21.0
21.5

R6.6
88.2
90.4

JULY
AUG.
SEPT.

175.6
177.5
183.3

21.8
22.9
24.1

197.4
200.4
207.4

21.9
21.9
22.9

7.1
7.6
8.1

29.0
29.5
31.1

31.3
33.8
33.6

80.0
80.0
80.6

128.8
123.2
128.6

22.6
25.0
26.6

91.8
93.6
95.7

OCT.
NOV.
DEC.

187.8
190.1
188.8

25.9
28.2
30.3

213.6
218.3
219.1

22.7
21.5
22.2

8.3
8.2
8.2

31.0
29.7
30.3

33.3
34.0
31. 9

82.2
80.3
80.0

124.4
122.8
129.6

27.2
28.6
28.8

96.4
96.0
97.3

190.3
193.4

31.9
33.5

222.2
226.8

22.1
21.2

8.2
8.1

30.3
29.3

33.3

79.2

131.0

28.7

99.0

1980—JAN. P
FEB. ?
WEEK ENDING:
1980—FEB.

MAR.

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

6
13
20
27

192.1
192.9
193.2
193.1

21.2
23.3
20.9
20.5

5
12 P
19 P

194.5
194.1
194.2

20.4
20.3
18.2

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTION*.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

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

Currency 1

at member
banks2

at domestic
nonmember
banks3

at foreignrelated
banking
offices
in the U.S.*

Other checkable deposits

total

at
commercial
banksS

at thrift
institutions 6

total

Overnight
RPs(net)7

Overnight Money market
Eurodollar mutual funds9

1979—FEB.
MAR.

97.7
98.7

159.1

160.4

80.5
81.2

4.9
5.2

244.6
246.8

7.7

3.1

8.8

3.2

10.8
12.0

20.9
22.0

2.6
2.8

14.5
16.8

APE,
MAY
JUNE

99.9
100.6
101,8

168.5
161,2
166.1

86.2
83.6
86.0

4.9
5.1
5.5

259.6
249.9

257.5

10.1
9.9
10.5

3.4
3.5
3.6

13.5
13.4
14.1

22.4
23.5
23.1

2.8
2.8
2.9

19,2
21.8
24.6

JULY
AUG.
SEPT.

103.2
103.9
104.5

1C9.3
167.4
168.2

87.2
86.5
88.6

5.4
5.4
5.7

261.9
259.3
262.4

11.2
11.6
11.9

3.7
3.8
3.8

14.8
15.3
15.7

22.0
21.9
22.6

3.0
3.3
3.5

28.0
31.2
33.7

OCT.
NOV.
DEC.

105.2
106.6
108.0

169.2
169.7
175.6

89.3
89.9
91.8

5.9
6.0
5.6

264.5
265.6
273.1

12.0
11.8
12.2

3.9
3.9
4.0

15.8
15.7
16.2

22.2
20.3
20.6

3.4
3.2
3.5

36.9
40.4
43.6

106.5
106.9

173,7
165,7

91.1
88.9

6.1
6.5

270.9
261.1

12.5
12.5

4.0
4.0

16.5
16.5

20.7
21.7

4.2
3.3

49.1
56.6

6
13
20
27

107.1
107.2
107.2
106.0

169,9
168.1
165.6
159.9

89.6
89.5
89.1
87.4

6.5
6.4
6.5
6.6

266.0
264.0
261.2
253.9

12.5
12.5
12.5
12.4

4.0
4.0
4. 1
4.1

16.5
16.6
16.6
16.5

21.2
20.6
22.8
21.6

2.7
3.5
3.6

5
12 P
19 P

107.5
108.5
108.2

165.1
166.3
165.3

88.9
89.9
89.0

7.1
6.7
7.0

261.1
262.9
261.4

12.7
13.0
12.9

4. 1
4. 1
4. 1

16.8
17.0
17.0

22.1
20.4
20.3

3.7
3.1
3.1

1980—JAN.
FEB.

WEEK

ENDING:

1980—FEB.

MAR.

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

P
P

3.2

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 AND ATS ACCOUNTS AT BANKS.
NO» 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
Billions of dollars, not seasonall y adjusted
Small denomination time deposits1
at
at savings
at mutual
credit unions
and loans
savings banks

total

294.3

70.9
72.4

2.4
3.0

558.6
568.4

202.8
207.5
212.0

298.3
299.2
301.1

73.4
73.6
73.8

4.0

5.0
5.6

578.5
585.3
592.5

454.4
451. 1
445.6

214.3
217.9
221.6

302.9
304.0
307.9

74.0
74.3
75.4

6.3
7.1
7.9

597.4
603.3
612.7

45.5
43.9
43.3

434.6
420.0
414.8

227.1
233.2
236.4

314.4
319.5
322.4

77.1
78.7
79.7

8.7
9.5
10.3

627.3
640.8
648.8

42.3
41.4

410.5
402.3

243.2
250.2

325.7
329.1

80.3
81.1

11.1
11.9

660.4
672.2

Savings deposits
Date

at mutual

at commercial
banks

at savings
and loans

1979—FEB.
HAH.

208.7
208.6

132.0
132.1

68.0

67,8

APR.
MAY
JUNE

208.5
206.9
207.2

131.2
129.9
131.0

JULY
AUG.
SEPT.

207.7
206.7
204.5

OCT.
NOV.
DEC.
1980—JAN.
FEB.

P
P

at
credit unions

total

at commercial
banks

48.8

457.1
457.2

196.2
198.7

289.1

67.2
66.5
66.7

48.4
47.5
48.0

455.3
450.9
452.9

132.1
131.4
129.4

66.7
65.9
65.0

47.9
47.2
46.7

201.3
195.8
193.6

124.8
119.6
118.1

63.0
60.7
59.9

192.6
189.8

116.5
113.5

59.0
57.7

savings banks

48.3

WEEK E N D I N G :
1980—FEB.

HAB.

1/

6
13
20
27

190.8
190.5
189.7
188.9

247.6
249.3
250.6
252.2

5
12 P
19 P

188.0
187.3
185.9

252.9
255.3
257.6

SHALL DENOHINATION 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 depositsi"
at mutual
at
savings
total
commercial
at savings
banks
banks?
and loans

total

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

Bankers - -Commercial
acceptances^
paper7

20.8
21.5

5.7
5.7

27.1
28.4

80.6
80.6

102.8
109.6

22.3
22.0

83.7

27.2

2.0
2.1

196.7
196.3
193.1

21.9
23.1
22.9

6.0
6.2
6.6

27.9
29.3
29.5

29.1
29.6
29.9

80.6
80.6
80.6

115.2
122.1
129.0

21.5
21.5
21.8

86,6
89.0
91.1

20.1
21.3
22.4

2.2
2.3
2.4

194.9
200.0
206.8

21.9
21.9
22.9

7.1
7.6
8.1

29.0
29.5
31.1

31.3
33.8
33.6

80.6
80.6
80.6

126.5

22.5

122.2
123.9

25.3
26.7

92.2
92.6
93.8

188.0
191.4
193.1

23.8
25.4
26.8

2.5
2.6
2.7

214.2
219.5
222.6

22.7
21.5
22.2

8.3
8.2
8.2

31.0
29.7
30.3

33.3
34.0
31.9

80.5
80.3
80.0

124.7
124.7
129.3

27.1
27.6
26.6

95.4
97.1
97.2

193.0
191*.3

28.4
29.9

2.8
2.8

224.1
227.0

22.1
21.2

8.2
8.1

30.3
29.3

33.3

79.2

133.6

27.8

98.7

184.1

183.3

15.5
15.9

1.8
1.8

APP.
MAY
JUNE

178.5
177.2
172.4

16.3
17.1
18.6

JULY
AUG.
SEPT.

172.6
176.4
182,0

OCT.
NOV.
DEC.
P
P

at thrift
Institutions

201.1

1979—FEB.
NAB.

1980—JAN.
FEB.

Term RPs3
at
commercial
banks

1.9

201.4

26.5

85.0

WEEK E N D I N G :

1 9 8 0 — FEB.

MAR.

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

6
13
20
27

193.5
193.S
193.7
194.1

21.2
23.3
20.9
20.5

5
12 P
19 P

195.9
195,9
195.6

20.4
20.3
18.2

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY 1ONEY 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 T1EL!> BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U«Sn 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 r FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKED 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
Date

foreign commercial
banks

foreign official
institutions

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

demand deposits at
Federal Reserve
commercial Denies
Banks

U.J >. ojovef nment depoeii•
note balances at
commercial
banks and thrift
instifcjtiom

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

1979-FEB.
NAB.

10.2
9.7

2.7
2.7

11.0

10.9

2.5
2.5

3.5
3.1

5.9
4.1

11.9
9.6

0.9

APR.
1AY
JUNE

9.5
10.1
10.6

2.8
3.1
3.2

10.5
10.0
9.9

2.6
2.4
3.5

2.8
3.3
3.3

2.7
6.0
7.3

8.2
11.7
14.1

().9
1.0
1.0

JULY
AUG.
SEPI.

11.0
10.7
11.3

3.0
2.9
2.7

9.7
9.5
9.7

2.2
2.3
2.7

3.3
3.0
3.9

11.0
7.5
9.7

16.5
12.8
16.3

1.0
1.0
1.0

OCT.
NOV.
DEC,

11.4
11.5
12.0

2.6
3.1
3.3

9.2
8.7
9.5

2.1
2.2
2.5

3.3
3.0
3.0

9.6
3.3
6.9

15.0
8.6
12.5

1.0
1.0
1.0

11.7
12.0

3.4
3.2

9.2
8.7

2.8
2.4

3.1
3.4

9.6
9.0

15.5
14.8

1.0
0.9

6
13
20
27

11.8
11.9
11.9
12.0

3.3
3.2
3.2
3.0

8.8
8.7
8.7
8.6

2.9
1.9
2.6
2.4

3.7
3.4
3.7

3.0

10.3
7.6
8.4
10.2

16.2
13.2
14.4
16.3

0.9
0.9
0.9
0.9

5
12 P
19 P

12.8
12.7
13.0

3.4
3.0
3.1

8.7
8.6
8.6

2.4
2.1
3.8

2.7
2.9
2.5

12.4
8.1
8.2

0.9
1.0
0.9

1980-JAN. P
FEB. P

1.0

WEEK ENDING:
1980—FEB.

NAR.




7.3
3.1
1.9

SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at
All Insured Commercial Banks and All Mutual Savings Banks
December 26, 1979, January 30, 1980 and February 27, 1980
(Not seasonally adjusted)-^/
Insured Commercial Banks
December 26r
January 30r
February 27

Mutual Savings Banks
December 26r
January 30r
February 27

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

103,246
(1600)
1,887-/
(123)

116,849
(1983)

1*3,628
(2029)

3,586
(199)

4,647
(221)

34,783
(610)
858*/
(43)

36,554
(686)

37,532
(709)

1,522
(101)

2,077
(105)

Number of institutions offering;
2/
461
461
461
13,461
13,554
6-month money market certificates—
13,547
2-1/2 year and over variable
402*/
449
433
8,5244/
12,544
11,720
ceiling certificatesPercent of offering institutions
paying the ceiling rate during the
survey jperiod:
94.4
99.4
93.2
97.5
97 .5
90.7
6-month money market certificates^2-1/2 year and over variable ceiling
n.a.
99.6
97.7
96.1
n.a.
97 .3
certificates
n.a.--not available, r—revised, p—prelimary,
J7 Estimates for February are based on data collected by the Federal Reserve and the FDIC from a stratified random sample of
521 commercial banks and 99 mutual savings banks.
2/ Money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or more with original maturities of exactly 26 weeks for which the maximum permissible rate of interest on new deposits 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 of 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.
_3/ This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination issued between
July 1 and December 31, 1979 and all such 2-1/2 year and over variable ceiling accounts issued since January 1, 1980. 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 celling rates.
4/ As of December 31, 1979.