Full text of H.6 Money Stock Measures : March 7, 1980

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FEDERAL RESERVE statistical release
H.6(508)

nARCH

7 , 1980

Table 1

MONEY STOCK MEASb

AND LIQU»

SETS

Billions of dollars, seasonally adjusted unless otherwise noted
M1-A
M1-B

Currency
plus demand
deposits 1

Date

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

M2
MI-Bplus

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 3

Money market
mutual fund
shares

NSA

NSA

12.1

M3

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^

1979-JAN.
FEB.
MAR.

350.1

350.0
351.9

360.0
360.7
363.9

22.6
23.6
24.8

14.5
16.8

1406.5
1412.8
1425.4

1630.0
1640.2
1652.6

1937.3
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

1702.9
1719.3
1738.2

2057.3
2074.9
2103.3

OCT.
NOV.

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
1523.8

1751.8
1762.6
1773.3

2115.4
2124.2
2138.7

372.6

389.1

24.9

49.1

1532.7

1785.0

372.4
373.5
372.1
371.5
373.1

388.8
390.3
388.9
387.8
389.1

25.6
24.6
24.5
24.7
25.3

377.0
376.3
377.5
374.7

393.1
392.9
394.1
391.2

23.5
24.0
24.8
23.6

DEC.
1980-JAN. P

WEEK ENDING:
1980-JAN.

2
9
16
23

30 P
FEB.

6P
13 P

20 P
27 P

1/
2/
3/
4/

5/
6/

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.
Ml-A PLUS NOW AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND
DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
OVERNIGHTCAND 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 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

Addenda:

M1-B

L

Currency
plus demand
deposits1

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

Overnight RPs
at commercial
banks plus
overnight
Eurodollar^

Money market
mutual fund
shares

354.7
342.2
345.5

364.7
353.0
357.5

22.6
23.6
24.8

12.1
14.5
16.8

1409.0
1404.3
1422.2

1634.6
1632.2
1650.5

1943.0
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
AUG.
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
1486.8
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
1525.9

1752.4
1759.1
1778.9

2113.6
2122.7
2141.5

377.4

393.9

24.9

49.1

1539.0

1793.2

Date

1979-JAN.
FEB.
MAR.

1980-JAN. P
WEEK ENDING:
1980-JAN.

2
9
16
23
30 P

390.3
387.9
382.1
371.8
365.2

406.7
404.6
398.9
388.1
381.2

25.6
24.6
24.5
24.7
25.3

FEB.

6P
13 P
20 P
27 P

372.9
371.2
368.4
360.1

389.1
387.8
384.9
376.6

23.5
24.0
24.8
23.6

NOTE:

M3
M2
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
institutions4

SEE TABLE 1 FOR FOOTNOTES.




M3 plus other
liquid assets6

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

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

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

JAN.

FROM:

OCT.

1979

(3 MONTHS PREVIOUS)

5.0

5.4

6.8

7.6

JULY

1979

(6 MONTHS PREVIOUS)

5.2

5.9

7.6

9.6

JAN.

1979

I 12 MONTHS PREVIOUS)

6.4

8.1

9.0

9.5

FOUR WEEKS ENDING: FEB. 27, 1980
FROM FOUR WEEKS ENDING:
NOV.

28, 1979 (13 WEEKS PREVIOUS)

7.2

7.7

AUG.

29, 1979 (26 WEEKS PREVIOUS)

6.0

6.4

FEB.

28, 1979 (52 WEEKS PREVIOUS)

7.6

8.9

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seaionally adjusted unless otherwise noted
1

Currency

Date

Demand
deposits?

Other
checkable
deposits 3

Overnight
RPs
(net) 4

Overnight
Eurodollar

NSA

NSA

NSA

Money
market
mutual
funds6
NSA

at
commercial
banks

Savings deposits
at
thrift
institutions

total

Small denomination time deposits?
at
at
total
commercial
thrift
banks
institutions

1979—JAN.
FEB.
MAR.

98.2
98.9
99.6

251.9
251.1
252.3

9.9
10.8
12.0

20.3
20.9
22.0

2.3
2.6
2.8

12.1
14.5
16.8

212.5
209.9
207.8

255.5
250.7
249,1

468.0
460.6
456.9

193.6
195.6
198.1

352.7
360.3
367.4

546.3
555.9
565.6

APR.
MAY
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

202.6
206.7
211.0

373.7
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
15.3
15.7

22.0
21.9
22.6

3.0
3.3
3.5

28.0
31.2
33.7

206.6
206.5
204.9

244.4
243.8
240.4

451.0
450.3
445.3

214.1
218.1
221.6

382.9
386.5
392.5

597.0
604.6
614.2

OCT.
NOV.
DEC.

105.4
105.9
106.1

262.7
263.7
265.4

15.8
15.7
16.2

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

226.7
235.1
238.5

400.9
410.8
414.9

627.5
645.8
653.4

107.3

265.3

16.5

20.7

4.2

49.1

193.6

219.5

413.1

243.7

415.6

659.3

2
9
16
23
30 P

106.5
107.2
107.1
107.3
107.7

265.9
266.4
265.1
264.2
265.4

16.4
16.7
16.8
16.3
16.0

21.7
20.5
20.5
20.4
21.1

3.9
4.1
4.0
4.3
4.2

194.9
195.2
193.8
192.9
192.5

240.1
240.9
242.3
245.2
247.3

6
13
20
27

108.2
107.9
108.3
108.4

268.8
268.4
269.3
266.3

16.2
16.6
16.6
16.5

20.3
21.3
21.3
20.0

3.2
2.7
3.5
3.6

192.2
191.7
190.8
189.9

247.0
248.6
249.6
251.2

1980—JAN. P
WEEK ENDING:
1980—JAN.

FEB.

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

P
P
P
P

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 of dollars, seasonally adj usted unless otherwise noted
Large denomination time deposits 1
at thrift
at commercial
Date
banks2
total
institutions

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper?

1979—JAN.
FEB.
MAR.

180.4
183.2
181.9

17.0
17.8
18.1

197.4
200.9
200.0

20.2
20.8
21.3

5.9
5.7
5.7

26.1
Zt.5
27.2

24.4
27.1
28.4

80.6
80.6
80.5

98.8
100.4
108.2

22.4
21.3
21.3

81.2
83.1
85.0

APR.
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

86.6
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
3.1

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.

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. 5
34.0
31.6

82.2
80.3
80.0

124.4
122.8
127.7

27.2
28.6
28.8

96.4
96.0
97.3

190.1

31.9

222.0

22.1

8.2

30.3

INIOV.

DCC.
1980—JAN. P

WEEK

ENDING:

1980—JAN.

FEB.

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

2
9
16
23
30 P

187.7
188.1
190.4
190.2
189.8

23.2
22.1
22.0
21.8
22.5

6
13
20
27

192.1
192.9
193.2
193.1

21.8
22. 8
22.8
21.7

P
P
P
P

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS GF $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 ANu 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 NQNBANK 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
Billions of dollars, not seasonally adjusted

Currency 1

Date

at member
banks2

Demand deposits
at foreignat domestic
related
nonmember
banking
banks3
offices
in the U.S.4

Other checkable deposits

total

at
commercial
banks5

1979—JAN.
FEB.
MAR.

97. 5
97. 7
98. 7

168.5
159.1
160.4

83.3
80.5
81.2

5.4
4.9
5.2

257.2
244.6
246.8

8.8

APR.
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

JULY
AUG.
SEPT.

103. 2
103. 9
104. 5

169.3
167.4
168.2

87.2
86.5
88.6

5.4
5.4
5.7

OCT.
NOV.
DEC.

105. 2
106. 6
108. 0

169.2
169.7
175.6

89.3
89.9
91.8

106. 5

173.7

2
9
16
23
30 P

107.
107.
106.
106.
105.

2
9
7
1
1

6
13
20
21

107.
107.
107.
106.

1
2
2
0

1 9 8 0 — JAN.

P

6.8

at thrift
institutions6

total

Overnight
RPs(net)?

Money market
Overnight
Eurodollars 8 mutual funds9

3. 1
3.1
3.2

9.9
10.8
12.0

20.3
20.9
22.0

2.3
2.6
2.8

12.1
14.5
16.8

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

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

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

91.1

6.1

270.9

12.4

4.0

16.5

20.7

4.2

49.1

182.7
179.6
176.4
170.0
167.1

94.2
94.6
92.9
89.3
86.7

6.2
5.8
6.0
6.4
6.3

283.2
280.0
275.4
265.7
263.1

12.4
12.7
12.8
12.3
12.0

4. 0
4.0
4.0
4.0
4.0

16.4
16.7
16.8
16.3
16.0

21.7
20.5
20.5
20.4
21.1

3.9
4.1
4.0
4.3
4.2

169.8
168.1
165.6
160.0

89.5
89.5
89.1
87.5

6.5
6.4
6.5
6.6

265.8
264.1
261.2
254.1

12.1
12.5
12.5
12.4

4.0
4.0
4.0
4.0

16.2
16.6
16.6
16.5

20.3
21.3
21.3
20.0

3.2
2.7
3.5
3.6

7.7

MEEK ENDING :

1980—JAN.

FEB.

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

P
P
P
P

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DJE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
NOW AND ATS ACCOUNTS AT BANKS.
NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NCNBANK 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 seasonally adjusted
Savings deposits
Date

at commercial
banks

at savings
and loans

at mutual

at

savings banks

credit unions

total

at commercial
banks

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

total

1979—JAN.
FEB.
MAR.

208.7
208.6

134.8
132.0
132.1

69.5
68.0
67.8

49.2
48.3
48.8

465.1
457.1
457.2

193.0
196.2
198.7

283.3
289.1
294.3

69.0
70.9
72.4

1.8
2.4
3.0

547.1
558.6
568.4

APR.
MAY
JUNE

208.5
206.9
207.2

131.2
129.9
131.0

67.2
66.5
66.7

48.4
47.5
48.C

455.3
450.9
452.9

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

JULY
AUG.
SEPT.

207.7
206.7
204.5

132.1
131.4
129.4

66.7
65.9
65.0

47.9
47.2
46.7

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

OCT.
NOV.
DEC.

201.3
195.8
193.6

124.8
119.6
118.1

63.0
60.7
59.9

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
79.5

8.7
9.5
10.3

627.3
640.8
648.7

192.7

116.5

59.0

42.3

410.5

243.2

328.6

80.3

11.1

663.3

1980—JAN.

WE£K

211.5

P

ENDING:

1980—JAN.

FEB.




2
9
16
23
30 P

193.3
194.6
193.1
192.0
191.2

238.1
240.5
241.5
244.7
247.1

6
13
20
27

190.9
190.6
189.7
189.0

247.3
249.3
250.6
252.2

P
P
P
P

IN AMOUNTS OF LESS THAN $100 f 000.

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 mutual
at
commercial at savings
total
savings
banks2
banks
and loans

Date

1979—JAN.
FEB.
MAR.

182.9
184.1
183.3

14.8
15.5
15.9

1.8
1.8
1.8

APR.
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.
1980—JAN. P

Term RPs3
at
at thrift
commercial
institutions
banks

total

Term
Eurodollars
(net>4

Savings
bonds

Bankers
Commercial
Short-term
paper7
Treasury acceptances^
securities5

199.5
201.4
201.1

20.2
20.8
21.5

5.9
5.7
5.7

26.1
26.5
27.2

24.4
27.1
28.4

80.6
80.6
80.6

100.7
102.8
109.6

21.6
22.3
22.0

81.0
83.7
85.0

1.9
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
122.2
123.9

22.5
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

33.5
34.0
31.6

80.5
80.3
80.0

124.7
124.7
127.3

27.1
27.6
26.6

95.4
97.1
97.2

192.7

28.4

2.8

223.9

22.1

8.2

30.3

.

WEEK ENDING:
1980—JAN.

FEB.

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

2
9
16
23
30 P

192.0
191.1
193.1
192.7
192.1

23.2
22.1
22.0
21.8
22.5

6
13
20
27

193.4
193.9
193.8
194.1

21.8
22.8
22.8
21.7

P
P
P
P

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100f000 OR MORE.
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL RANKS 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 MJTUAL
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

1979-JAN.
FEB.
MAR.

10.3
10.2
9.7

2.6
2.7

APR.
MAY
JUNE

9.5
10.1
10.6

JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

1980-JAN. P

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

10.9

2.6
2.5
2.5

3.4
3.5
3.1

5.9
4.1

15.4
11.9
9.6

0.9

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

0.9
1.0
1.0

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

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

3.4

9.2

2.8

3.1

9.6

15.5

1.0

18.7
13.1

2.7

11.6
11.0

9.5

1.0
1.0

WEEK ENDING:
1980—JAN.

FEB.




2
9
16
23
30 P
P
P
P
P

6
13
20
27

12.1
11.6
12.3
10.6

3.2

9.7

2.5

3.6

9.8
9.1
8.9
8.8

3.2
2.4

12.0

3.3
3.5
3.4
3.5

3.2
2.5

2.8
3.3
3.1
3.0

12.6
7.1
6.0
10.3
14.2

11.7
16.6
19.7

1.0
1.0
0.9
0.9

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

3.0
3.7
3.4
3.7

10.3
7.6
8.4
10.2

16.2
13.2
14.4
16.3

0.9
0.9
0.9
0.9

1.0

SPECIAL SIPPIEMENTARY TABLE
Variable Ceiling Time Deposits at
All Insured Ccninercial Banks and All Mutual Savings Banks
December 26, 1979 and January 30, 1980
1/
2/
Commercial Banks—
Mutual Savings Banks-'
December 26 January 30^ December 26 January 3 0 p
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)
1,865^
(527)

116,114
(2095)

34,783r
(610)

36,697
(836)

3,544
(549)

853^
(67)

13, 402

461

461

n.a.

n.a..

n.a.

93.2

97.0

99.4

95.6

n.a.

n.a.

n.a.

n.a.

1,288
(137)

Number of institutions offering;
6-month money market certificates-3/
2-1/2 year and over variable
ceiling certificates^/

13,461
n.a.

Percent of offering institutions
paying the ceiling rate during the
survey week;
6-month money market certificates-/
2-1/2 year and over variable ceiling
certificates!/

n.a.—not available, r—revised, p—preliminary.
1/ Estimates for all insured ocnmercial banks in January are based on data collected by the
Federal Reserve and the FDIC from a stratified random sample of about 489 banks.
2/ Estimates for all mutual savings banks in January are based on data collected by the
FDIC from a stratified randan sample of 65 banks.
3/ Money market certificates (MMCs) are nonnegotiable tiine 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 higher vdien the 6-month
Treasury bill rate is 8-3/4 percent or less. The 1/4 percent point differential is removed when the 6-month bill rate is 9 percent or more. MSBs may pay a maximum 9 percent
when the 6-inonth bill rate is between 8-3/4 and 9 percent. See page A10 in the Federal
Reserve Bulletin for ceiling rates that existed at the time of each survey. MNCs
were authorized beginning on June 1, 1978.
4/ This category includes all 4-year and over variable ceiling accounts having no legal
minimum denanination 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. See page A10 in the Bulletin for ceiling rates that existed
at the time of each survey.
5/ As of December 31, 1979.