Full text of H.6 Money Stock Measures : May 15, 1981

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FEDERAL RESERVE statistical release
H.6(508)

For immediate release
May 15, 1981

Ml-B Seasonally Adjusted and Adjusted
for NOW Account Shifts Since Year-End*

Ml-B
(SA)

(1)

Shifts to OCDs
from sources
other than
demand deposits
(SA)

Ml-B Shift
adjusted (SA)
(1) less (2)

(2)

(3)

Levels
(in billions of dollars)
416.0

3.7

412.4

February

419.0

6.1

412.9

March

422.9

7.5

415.4

April

429;5

9.3

420.2

1981—January

Growth Rates
(percent change at annual rates)

OIV:198O to QI:1981
QIV:1980 to April 1981

*

1.1
4.5

6.6
9.9

Beginning next week, data on shift adjusted Ml-B will be published regularly
on Tables 1 and 2 of the H.6 release.
NOTE ON SHIFT ADJUSTMENT

Seasonally adjusted Ml-B in 1981 is constructed by adding the following
seasonally adjusted components: currency; the sum of demand deposits and
other checkable deposits (apart from this year's accumulated trend growth)
coming from demand deposits; other checkable deposits (apart from this year's
accumulated trend growth) coming from savings deposits; and a relatively small
accumulated trend growth, amounting to $200 million per month in the first
several months of the year. This trend growth represents the expansion in
other checkable deposits (OCD) balances only from accounts already in
existence at the end of 1980.
The share of OCD growth apart from trend since the beginning of 1981
attributable to demand deposits is estimated to be: about 75 to 80 percent
in January and 70 to 75 percent in February, March, and April. Thus, the
share coming from savings accounts and other non-demand deposit sources is
estimated to be: about 20 to 25 percent in January and 25 to 30 percent in
February, March, and April. (Calculations of shift adjusted M-lB use the



(over)

mid-points of these ranges).
These estimates are based on samples of depository institutions and households and econometric evidence. For commercial banks, samples of about 100
institutions, as well as econometric cross-section analysis of deposit flows
at about 9000 institutions, indicate that the proportion of inflows to new
NOW accounts coming from demand deposits was somewhat above 80 percent in
January and somewhat below 80 percent in the following three months. Surveys
of about 100 S&Ls indicate that the fraction of growth in OCDs at thrifts
coming from sources outside these institutions was about 60 percent in January
and about 65 percent in March; thus, if such funds coming from outside are
distributed between demand deposit and non-demand deposit sources using the
commercial bank fraction, around one-half of OCD inflows at thrifts can be
presumed to come from demand deposits. An increase in the share of OCD inflows going to thrift institutions since early in the year has tended to
lower the fraction of OCD growth shifted from demand deposits. Small-scale
surveys of households conducted by the Survey Research Center of the University
of Michigan confirm an overall fraction within the above-stated ranges.
In order to derive a seasonally adjusted Ml-B measure that abstracts from
shifts in 1981 into OCD from non-demand deposit sources, an estimate of
seasonally adjusted inflows to OCD from these sources must be subtracted from
Ml-B. Such amounts are derived by multiplying the increase in OCD (not
seasonally adjusted) in excess of trend in end-of-year OCD balances (not
seasonally adjusted) by the raid-points of the ranges for the share coming from
non-demand deposit sources; cumulative amounts are then seasonally adjusted
by applying the seasonal factor for commercial bank savings deposits.
The shift adjusted procedure will be described in more detail in a forthcoming Federal Reserve Bulletin article.




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

Table 1

1 5 , 1981

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

Currency
plus demand
deposits'*

Date

M1-Aplus
other checkable
deposits at banks
and thrift
institutions2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

NSA

NSA

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
institutions^

L

M3 plus other
liquid assets^

366.6
367.0
370.8

386.5
386.9
391.0

22.1

23.3
24.6

60.4
66.8
74.2

1551.2
1566.2
1587.6

1811.9
1827-9
1848.2

2212.3
2226.0
2241.8

JULY
AUG.
SEPT.

373.8
379.5
382.8

395.4
402.5
407,0

29.1
31.6
33.0

80.6
80.7
78.2

1613.1
1632.7
1644.3

1869.3
1891.9
1905^7

2259-6
2284-8
2300.6

OCT.
NOV. P
DEC. P

386.4
388.2
384.4

411.6
414.7
411.3

32.5
32.6
32.1

77.4
77.0
75.8

1653.6
1667.1
1668.7

1920.0
1941.0
1952.2

2317.0
2346.7
2365.3

1981-JAN. P
FEB. P
BAR. P

373.3
366.6
365.0

416.0
419.0
422.9

32.6
31.7
32.9

80.7
92.4
105.6

1681.7
1695.4
1716-9 R

1978.6
1996.4
2011.8

2398.2
2421.2

APR. P

365.1

429.5

31.7

117.1

1733.8

2028.3

P
P
P
P
P

365.6
366.1
363.4
365.8
363.3

424.3
428.9
427.9
432.2
427.8

33.9
31.9
32.3
26.0
35.9

112.3
115.7
117.3
117.5
118.4

6 P

366.8

430.9

36.6

118-3

1980-APR.
HAY
JUNE

WEEK ENDING:

1981-APS.

HAY

1
8
15
22
29

1/

INCLUDES (1) DEHAND DEPOSITS AT ALL COHHERCIAL BANKS OTHER THAN THOSE DOE TO DOHESTIC BANKS, THE U.S.
GOVERNHENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND
F.P. FLOAT; AND (2) CURRENCY OUTSIDE THE TREASUPYr F.R. BANKS AND THE VAULTS OF COHHERCIAL BANKS.
2/ H-1A PLUS NOW AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND
DEHAND DEPOSITS AT HUTUAL SAVINGS BANKS.
3/ OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BY COHHERCIAL BANKS TO THE NONBANK PUBLICr AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF HEHBER BANKS TO U.S. NONBANK CUSTOHERS.
4/ SHALL DENOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF LESS THAN $100,000. H2 WILL DIFFER FROH
THE SUH OF COHPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTHENT THAT REPRESENTS THE
AHOUNT OF DEHAND DEPOSITS HELD BY THRIFT INSTITUTIONS AT COHHERCIAL BANKS.
5/ LARGE DENOHINATION TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR HORE AND ARE NET OF THE HOLDINGS
OF DOHESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNHENT, HONEY HARKET HUTUAL FUNDS AND FOREIGN BANKS AND
OFFICIAL INSTITUTIONS.
6/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERH TREASURY
SECURITIES, COHHERCIAL PAPER. BANKERS ACCEPTANCES AND TERH EURODOLLARS NET OF HONEY HARKET HUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIHINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN
HONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
HONTHS. PRELIHINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.
R--Revised




1.6 (508)
able 1A

fjONEY STOCK MEASURES AND LIQUID ASSETS
iillions of dollars, not seasonally adjusted
M1-A

Currency
plus demand
deposits 1

Date

Addenda:

M1-B

MI-Aplus
other checkable
deposits at banks
and thrift
institutions2

Overnight RPs
at commercial
banks plus
overnight
Eurodollars3

Money market
mutual fund
shares

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

L

M3 plus other
liquid assets^

370.0
361.5
369.7

389.6
380-5
390.2

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.
NO?. 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
1674.7

1923-1
1942.1
1962.8

2318.0
2344.7
2372.0

1981-JAN. P
FEB. P
MAR. P

377.3
358.2
358.3

420.6
409.4
415.1

32.6
31.7
32.9

80.7
92,4
105.6

1684.7
1685.1
1711.9 R

1984.3
1988..3
2009.4

2401.2
2414,4

APR. P

368.3

432.9

31.7

117-1

1741,8

2035.1

P
P
P
P
P

358.7
370.0
371.4
371.9
359.8

417.5
433.5
437.2
438.7
423.1

33.9
31.9
32.3
26.0
35.9

112.3
115.7
117.3
117.5
118.4

6 P

364.8

427.9

36.6

118.3

1980-APR.
MAY
JUNE

22.1

»EEK ENDING:

1981-APR.

HAY

NOTE:

1
8
15
22
29

SEE TABLE 1 FOR FOOTNOTES.




•A.6 ;J08)
"T>ble 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Pprepnr cha< 1 ge at seasonaIly adjusted annual rates

M1-A

Date

A ? ff.

Currency
plus demand
deposits 1

M1-B

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

M1-Aplus
other checkable
deposits at banks
and thrift
institutions

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

FROM:

JAM.

15 31

(3

MONTHS PREVIOUS)

-8.8

13.0

12.4

10.0

OCT.

19 80

(6

MONTHS PREVIOUS)

-11-0

8.7

9.7

11.3

APR,

1980

(12 MONTHS PREVIOUS)

-0,4

11.1

11.8

11.9

MAY
FOOK WEEKS ENDING:
FROM FOUR WEEKS ENDING:

FSBNO V .

NOTE:

<*,

6,

1981

1981

(13 WEEKS PREVIOUS)

-6.2

13.1

1980

(26 WEEKS PREVIOUS)

-11.5

8.3

1980

(52 WEEKS PREVIOUS)

SEE TABLE 1 FOR FOOTNOTES.




11.5

!

H.6 (508)
Table 3

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

Date

Currency

Demand
deposits2

Other
checkable
deposits3

Overnight
RPs
(net) 4

Overnight
Eurodollars5

NSA

NSA

Money
market
mutual
fundsS
NSA

Savings deposits
at
at
thrift
commercial
institutions
banks

total

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

109.1
110.4
111.2

257.4
256.7
259.6

19.9
19.8
20.2

19.4
20.5
21.7

2.7
2.8
2.9

60.4
66.8
74.2

177.6
177.1
180.7

204.7
201.1
204.5

382.3
378.1
385.2

270.7
274.2
274.0

432,-4
440.0
441.6

703.1
714.1
715.6

JULY
AUG.
SEPT.

112.2
113.5
113.8

261.7
266.0
268.9

21.6
23.0
24.2

25.5
27.9
29.2

3.6
3.7
3.7

80.6
80.7
78.2

185.9
189-4
190.7

210.7
216.0
218.2

396.6
405.4
408.9

273.9
274.6
276.4

440.6
441.1
444.1

714.5
715.7
720.4

OCT.
NOV. P
DEC. P

114,9
115.6
116.2

271.5
272.6
268.2

25.2
26.5
26.9

28.1
27.9
27.6

4.4
4.7
4.6

77.4
77.0
75.8

191.0
191.8
185.6

217.9
215.1
208.2

408.8
406.8
393.8

279-0
284.7
293.1

447.5
454.6
465.9

726.5
739.3
759.0

1981-JAN. P
FEB. P
MAR. P

116.6
117.3
117.9

256.7
249.3
247.1

42.8
52.5
57.9

27.4
26.8
28.5

5.1
4.9
4.4

80.7
92.4
105.6

177.4
174.0
172.6

200.3
196.5
195.0

377.7
370.5
367.6

303.2
306-8
310.9

4 74.7
4 78-3
480-3

777.9
785.1
791.2

APR. P

119.0

246.1

64.5

27.1

4.7

117.1

172.3

194.3

366.7

312.0

480.1

792.0

P
P
P
P
P

118.4
118.5
118.6
119.4
119.3

247.2
247.6
244.8
246.4
244.0

58.8
62.8
64.5
66.4
64.6

29.2
27.8
27.8
21.3
30.7

4.7
4.1
4.5
4.6
5.2

112.3
115.7
117.3
117.5
118.4

172.4
172.9
172.4
171.5
171.9

311.7
311.4
312.0
312.1
312.2

6 P

119.5

247.3

64.1

30.1

6.5

118.3

172.0

312.7

1980-APR.
MAY
JUNE

WEEK ENDING:

1981-APR.

MAY

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

1
8
15
22
29

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. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M-1B SEASONALLY ADJUSTED LESS M-1A SEASONALLY ADJUSTED.
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 O.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 adjusted unless otherwise noted
Large denomination time deposits'!
at thrift
at commercial
Date
banks2
institutions
total
1980-APB.

at commercial
banks

Term RPs3
at thrift
institutions

NSA

NSA

total
NSA

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

Bankers
acceptances^

Commercial
paper7

WSA

231.6
232-8
230.7

22.5
22-5
23.5

6.7
6.5
6.5

29.1
28.9
30.0

49.9
50.3
48.9

75.4
74.2

225.1
225.4

6.5
6.5
7.0

31.1
33.8
33.5

48.4

JONE

196.7
197.0
194.4

JULY
AUG.
SEPT.

188.6
188.3
190.0

36.5
37.2
38.1

228.0

24.7
27.3
26-4

OCT.
NOV. P
DEC. P

191.3
196.2
204.3

39.7
41.3
42.8

231.0
237.4
247.0

28.0
28.9
28.9

7.5

7.5
7.6

35.5
36.5
36.5

43.6
46.1
48.4

72.8
72,6
72.3

151.1
155.9
159.7

30.6
31.3
32.5

98.9
99.8
100.2

1981-JAN. P
FEB. P
P

214.0
217.9
214.1

44.0
45.1
45.1

258.1
263.0
259.2

31.1
30.5
28.5

7.8
7.4
7.3

38.8
37.9
35.8

50.0
50.8

71.9
71.1

165.5
171-7

33.0
32-0

99.2
99.4

APR. P

213.3

45.1

258.4

28.9

7.2

36.1

NAY

MAR.

34.9

35.8
36.2

28.9
29.2
29.6

100.6

73.7

145.6
148. 1
144.6

48.4
45.2

73.5
73.2
73.0

142- 9
145.7
148.5

29.3
28.8
29.7

96.2
96.8
98.5

96.5
96.7

WEEK ENDING:
1981-APR.

HAY

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

P
P
P
P
P

213.5
211.8
212.7
213.3
215.8

29.2
27*3
27.4
33.5
28.0

6 P

215.4

27.5

1
8
15
22
29

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 CONTRACTSTERM 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
DIM ions OT aoiiars, noi seasonali / aajusxea •
Currency

Date

1

at member
banks2

Demand deposits
at foreignrelated
at domestic
banking
non member
banks3
offices
intheU.S.4

Other checkable deposits
total

at
commercial
banks5

at thrift
institutions 6

total

Overnight
RPs(net)?

Money market
Overnight
Eurodollars 8 mutual funds9

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

60.4
66.8
74.2

JOLY
AOG.
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

OCT.
NOV. P
DEC. P

114.9
116.6
118.5

175.7
175.1

177.31

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
75.8

1981-JAN. P
FEB. P
MAR. P

115.8
115.9
116.8

166.1
151.3
151.0

89.6
85.2
84.8

5.9
5.7
5.6

261.5
242.3
241.4

34.7
41.4
46.0

8.6
9.9
10.8

43.3
51.2
56.8

27.4
26.8
28.5

5.1
4.9
4.4

80.7
92.4
105.6

APR. P

118.5

156.5

88.1

5.2

249.8

52.6

12.0

64.6

27.1

4.7

117. 1

15 P
22 P
29 P

116.8
119.2
119.1
118.5
117.2

151.8
156.9
157.6
159.7
151.2

84.6
88.5
89.5
89.1
85.9

5.6
5.4
5,2
4.6
5.4

242.0
250.8
252. 4
253.3
242.6

47.6
51.6
53.6
54.6
51.4

11.2
11.9
12.2
12.3
11.9

58.8
63.5
65.8
66.9
63.3

29.2
27.8
27.8
21.3
30.7

4.7
4.1
4.5
4.6
5.2

112.3
115.7
117.3
117.5
118.4

6 P

119.5

152.5

87.5

5.4

245.4

50.8

12.2

63*1

30.1

6.5

118.3

1980-APR.
MAY
JONE

WEEK ENDING:

1981-APR.

SAY

1/

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

1 P
8 P

I\ R . BANKS AND THE VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DDE TO DOMESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS 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 DOE TO DOMESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBBR 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 INSTITOTIONS, CREDIT ONION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
INCLODES OVERNIGHT AND CONTINOINS CONTRACT RPS ISSOED TO THE NONBANK POBLIC BY COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSOED BY CARIBBEAN BRANCHES OF O.S. MEMBER BANKS TO O-S. NONBANK COSIOMERS.
TOTAL MONEY MARKET MOTUAL FOND SHARES OUTSTANDING.

CORRENCY OOTSIDE THE O.S. 1TREASURY.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonalh/ adjusted
at commercial
banks

Date

at savings
and loans

Savings deposits
at
at mutual
savings banks
credit unions

total

at commercial
banks

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

total

178.0
176.7
181.2

106-8
104.8
108.3

54.3
53.2
54.2

42.7
42.2
43.2

381.8
376-9
386.9

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

JULY
AUG.
SEPT.

187.6
190.8
191.6

112.9
116.0
117.7

55.7
56.6
57.0

44.9
45.5
46.0

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

OCT.
NOV. P
DEC. P

192.9
191.0
184.1

117.2
113-9
109.0

56.7
55.4
53.5

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

723.7
735.9
757.4

1981-JAN. P
FEB. P
MAR. P

176.5
172.1
171.6

103.7
100.6
101.0

51.7
50,8
50.7

43.0
41.9
41.7

374.9
365.3
365.0

302.6
308.7
312.8

365.3
367.9
369.3

94.7
95.6
96-4

16.5
17.4
18-2

779.1
789.5
796.6

APR. P

172.5

101.6

50.7

41.3

366.0

313.2

368.8

96.5

18.8

797.3

1980-APR.
MAY
JUNE

WEEK E N D I N G :

1981-APR.

MAY

1/

P
P
P
P
P

172.7
174.5
173-5
171.3
170.9

313.0
312.4
313.0
313-6
313.8

6 P

171.1

314.6

1
8
15
22
29

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
Large denomination time deposits1
at
at mutual
savings
at savings
commercial
total
banks2
and loans
banks

Date

at thrift
institutions

total

2.9

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

34.1
35.0
35.9

2.9
2.9
2.9

221.7
223.3
226.5

24.7
27.3
26.4

6.5
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

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
156.6

30.8
31.3
31.4

98.1
100.3
100.0

3.1

50.0
50.8

71,9
71.1

163.5
170.7

32.1
33.3

99.3
100.4

JOLY
AUG.
SEPT.

184.6
185.4
187.7

OCT.
NOV. P
DEC. P

40.4
41.1
41.3

260.7
265.3
261.8

31.1
30.5
28.5

7.8

3.3
3.2

7,4
7.3

38.8
37.9
35.8

APR.

P

212.6

41.4

3.2

257.2

28.9

7.2

36.1

HAY

6/
7/

49<.9

ENDING:

1981-APR.

5/

Bankers
Commercial
acceptances^
paper7

29.1
28.9
30.0

217.3
220.9
217.3

3/
4/

Short-term
Treasury
securities^

6.7
6.5
6.5

2.9
2.9

P
P
P

1/
2/

Savings
bonds

22.5
22.5
23.5

31.6
32.8
33.5

1981-JAN.
FEB.
HAP.

WEEK

Term
Eurodollars
(net)4

230.4
231.9
226.2

195.9
196.2
189.8

1980-APR.
HAT
JUNE

Term RPs 3
at
commercial
banks

P
P
P
P
P

215.6
212.1
211.8
211.5
214.6

29.2
27.3
27.4
33.5
28.0

6 P

214.2

27.5

1
8
15
22
29

LARGE DENOHINATION TIME DEPOSITS ARE THOSE ISSUED IN AHOONTS OF $100,000 OR HORE.
LARGE DENOHINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY HONEY HARKET HOTOAL FUNDS AND THRIFT
INSTITUTIONS.
TERH RPS ARE THOSE WITH ORIGINAL HATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL HATURITY GREATER THAN ONE DAY NET OF TERH EURODOLLARS HELD BY HONEY MARKET HUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REHAINING HATURITY OF LESS THAN 18 HONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY HONEY HARKET HUTUAL 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 HONEY HARKET HUTUAL FUNDS.