Full text of H.6 Money Stock Measures : October 23, 1981

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)
OCT. 23, 1981

Table 1

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

Currency plus
Date

demand
deposits
plus travelers
checks^

M1-Aplus
other
checkable
deposits
(OCD)2

M1-B less
shifts to OCD
from
non-demand
deposit
sources**

M2

Addenda:

M1-B
Shift adjusted

M3

L

M2 plus large
time deposits
and term RPs 6

M3 plus other
liquid assets'

M1-B plus
overnight RPs

Overnight RPs
at commercial
banks plus
overnight
Eurodollars 4

Money market
mutual fund
shares

NSA

NSA

and
Eurodollars,
MMMF shares,
and savings
and small
time deposits^

386.4

411.8

33.0

78.2

1644.9

1912.8

2309.0

OCINOV.
DEC,

390.1
391.3
387.7

416.3
419.1
415.6

32.7
32.8
32.4

77-4
77.0
75.8

1654.0
1668.5
1669.4

1928.3
1951-0
1965-1

2326.0
2355.6
2378-4

1981-JAN.
FEB.
MAE.

375.1
367.2
365.8

419.2
421.2
425.8

415.5
415.0
418-0

32.7
31.9
33.3

80.7
92-4
105.6

1680.8
1695.7
1718.6

1989.3
2009.H
2027-2

2408.7
2433.6
2445.3

APE,
MAY
JUNE

366.6
364.9
361.9

433.7
431.5
428.8

423.9
422-1
419.0

34.3
38.3
39.7

117.1
118.1
122.8

1738.1
1743.4
1749.3

2046.0
2060.8
2079.0

2457.7
2480.1
2502.7

JULY
AUG..
SEPT.

361.3
362.2
359.9

430.1
432.7
431.7

419.9
422.3
420.9

39.2
40-1
36.4

134.3
145.4
156.9

1760.1
il777.il
1786.6

2094.0
2117.5
2131.7

2523.8

360.9
359.8
361.0
359.1
358.6

431.6
432.5
433-4
431.4
429.2

40.3
36.6
37.4
36.0
34.6

150.3
152.8
156.2
160.0
160.7

362.3
361.7

434.9
433-4

32.5
31-5

163.2
164.5

1980-SEPI-

WEEK ENDING:
1981-SEPT. 2
9
16
23
30
OCT.

7 P
14 P

1/

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHEE THAN THOSE DOE TO DOMESTIC BANKS, THE U.S.
GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE P£OCESS OF COLLECTION AND
F..R- FLOAT; (2) CURRENCY OUTSIDE THE TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND
(3) OUTSTANDING TRAVELERS CHECKS OF NONBANK ISSUERS.
2/ NOW AND ATS BALANCES AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND
DEPOSITS AT THRIFT INSTITUTIONS- M1-B 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—AND INCLUDED IN M1-A—THAT ARE ESTIMATED TO BE USED IN SERVICING
THRIFT OCD LIABILITIES.
3/ M1-B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO OCD FROM SOURCES OTHEJS THAN DEMAND DEPOSITS. THE
PORTION OF NOT SEASONALLY ADJUSTED OCD FLOUS ASSOCIATED WITH SHIFTS FBOM OUTSIDE DEMAND DEPOSITS IS ASSUMED
TO BE 22.5 PERCENT IN JANUARY AND 27.5 PERCENT IN SUBSEQUENT MONTHS. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE "REVISIONS IN THE MONEY STOCK," FEDERAL RESERVE BULLETIN, JULY 1981.
4/ 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 MEMBEU BANKS TO U.S. NONBANK CUSTOMERS.
5/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS IN AMOUNTS OF LESS THAN $100,000)
ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. &2 HILL DIFFER FROM THE SUM OF COMPONENTS PRESEN1ED
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY
THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
6/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF
$100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS.
7/ 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 IHESE 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
plus travelers
checksi

Date

1980-SEPT.

M1-B

M1-Aplus
other
checkable
deposits
(OCD)2

M1-B
Shift adjusted

M2

Addenda:

M1-B less
Overnight RPs
shifts to OCD at commercial
from
banks plus
non-demand
overnight
deposit
Eurodollars4
sources**
NSA

Money market
mutual fund
shares
NSA

M3

MI-Bplus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs^
and savings
and small
time deposits^

L

M3 plus other
liquid assets'

386.6

412.3

33.0

78.2

1643.3

1909.6

2304.. 8

OCT.
NOV.
DEC.

391.7
394.1
397.7

418.4
421.9
425.9

32-7
32.8
32.4

77.4
77.0
75.8

1657.5
1666.9
1675.2

1931.4
1952.0
1975.6

2327.. 0
2353.6
2385.0

1981-JAN.
FEB.
JJAfi.

378.9
358.7
358-9

423.5
411.5
417.8

419.8
405.3
410.1

32.7
31.9
33.3

80.7
92.4
105.6

1683.6
1685.1
1713.4

1994.9
2000.9
2024.8

2411.5
2426.8
2446.1

APE.
NAY
JUNE

369.5
359.4
361.1

436.7
424.4
428.4

426.9
415.1
418.7

34.3
38-3
39.7

117.1
118-1
122.8

1745.7
1737.5
1751.5

2052.5
2054.0
2075.6

2467.4
2478.0
2501.4

JULY
AUG.
SEPT.

363.5
360.7
359.9

432.9
431.2
432.2

422.7
420.7
421-3

39.2
40.1
36.4

134.3
145-4
156.9

1765.0
1773.4
1783.2

2094.6
2110.8
2126.1

2522.7

358.2
363.4
365.9
356.7
352.9

428.8
437.0
439.5
42 8.6
423.0

40.3
36.6
37.4
36.0
34.6

150.3
152.8
156.2
160.0
160.7

367.1
366.2

441.1
439.5

32.5
31.5

163.2
164.5

WEEK ENDING:
1981-SEP1. 2
9
16
23
30
OC1.

NOTE:

7P
14 P

SEE TABLE 1 FOB FOOTNOTES.




H.6 (508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates
M1-A

Date

Currency plus
demand
deposits
plus travelers
checks!

M1-B
MI-Aplus
other checkable
deposits at banks
and thrift
institutions^

M2
M1-Bplus
overnight RPs
and Eurodollars,
MMMF shares, and
savings and small
time deposits at
commercial banks
and thrift
institutions 5

M3
M2 plus large
time deposits
and term RPs at
commercial banks
and thrift
institutions 6

SEPT.

FROM;

JUNE

1981

(3 flONTHS PREVIOUS)

-2.2

2.7

8.5

10.1

MAR.

1981

(6 MONTHS PREVIOUS)

-3.2

2.8

7.9

10.3

(12 MONTHS PREVIOUS)

-6,9

4.8

8.6

11.4

SEPT. 1S8G

TOUR WEEKS ENDING: OCT.
14, 1981
FROM FOUR WEEKS ENDING:

JULY

15, 1981

(13 WEEKS PREVIOUS)

-1.7

2,1

APR.

15, 1981

(26 WEEKS PREVIOUS)

-3.0

1.2

OCT.

15, 1980 (52 WEEKS PREVIOUS)

-7.2

4.3

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
Overnight
RPs
(netp

Overnight
Eurodollars6

NSA

NSA

Small denomination time deposits8
at
at
total
commercial
thrift
banks
Institutions

Currency1

Demand
deposits2

Travelers
checks3

Other
checkable
deposits4

113.8

268.6

4.0

25.5

29.3

3.7

78.2

190.1

217.9

407. 9

275.2

442.S

718.1

OCT.
NOV.
DEC.

114.9
115.7
116. 1

271.2
271.6
267.4

4.0
4.1
4.2

26.3
27.9
28.1

28.3
28.1
27.9

4.4
4.7
4.5

77.4
77.0
75.8

190.3
191.4
185.1

217.5

214.7
207.9

407.8
406.1
393.0

277.8
284.7
292.4

446.3
453.3
464.4

724.0
738.0
756.8

1981-JAN.
FEB.
MAR.

116.6
117.2
117.9

254.4
245.8
243.5

4.2

4.2
4.4

44.3
54.3
60.2

27.5
27.0
28.7

5.2
4.9
4.6

80.7
92.4
105.6

177.2
173.9
172.4

199.8
197.0
196.0

376.9
370.. 8
368.3

302.4
306.5
310.7

473.3
476.9
478.7

775.7
783.3
789.4

APR.
HAY
JUNE

118.9
119.8
119.9

243.1
240.7
237.9

4.6
4.4
4.2

67.3
66.9
67.1

29.3
31-8
33.3

5.0
6.5
6.4

117.1
118.1
122.8

172.0
16S.7
166.3

195.0
191.4
187.7

367.0
361.1
354.. 0

312.1
316.2
322.0

477.9
482.2
485.7

790.0
798.4
807.7

JULY
AUG.
SEPT.

120.8
121.2
121.1

236.4
236.7
234.4

4.1
4.3
4.4

69.0
70.8
72.2

32.3
32.4
29.5

6.9
7.8
6.9

134.3
145.4
156.9

164.7
160.6
157.7

184.4
180.5
177.0

349. 1
341.2
334.7

325.9
334.3
339.9

485.4
487.2
490.8

811.. 3
821.5
830.7

2
9
16
23
30

120.8
121.4
121.2
121.0
121.1

235.7
234.0
235.-5
233.8
233,. 2

71.0
73.0
72.8
72.6
70.9

32.6
29.8
30.6
29.1
27.7

7.7
6.8
6.8
6.. 9
6.9

150.3
152.8
156.2
160.0
160.7

158.8
158.4
158.0
157.3
156.8

33 7.5
338.6
339.5
340.1
340.2

7 P
14 P

121.1
121.5

236.9
235.9

73.0
72.0

26.5
26.2

6.0
5.2

163.2
164.. 5

155.9
155.1

343.3
345.4

Date

1980-SEPT.

WEEK

Money
market
mutual
funds7
NSA

Savings deposits
at
at
commercial
thrift
banks
institutions

total

ENDING:

1981-SEPl.

OCT.

1/
2/

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND VAULTS OF COMMERCIAL BANKS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHEfi 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.
3/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
4/ INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHAKE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTI2U. TIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M1-B SEASONALLY ADJUSTED LESS M1-A SEASONALLY ADJUSTED, PLUS
THE M1-B CONSOLIDATION COMPONENT.
5/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, NET OF AMOUNTS HELD BY MONEY
MARKET MUTUAL FUNDS.
6/ ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
7/ TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.
8/ 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
tanuons OT aouars, seasonally ag listed unless otnerwise noteo
Large denomination time deposits 1
Date
at commercial
at thrift
banks2
institutions
total

Term RPs3
at commercial
banks
NSA

at thrift
institutions
NSA

total
NSA

Term
Eurodollars
(net)4
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers

acceptances0*

Commercial
paper7

194.1

39.2

233.4

27.3

7.2

34.5

45.1

73.0

149.9

29.7

98.5

OCT.
NOV.
DEC.

196.8
202.8
212.5

41.0
42.6
44.2

237.7
245.4
256.8

28.7
29.0
30.5

7.9
8.1

8.5

36.5
37.1
38.9

45.2
46.3
48.4

72.8
72.6
72.3

150.2
154.6
159.9

30.6
31.3
32.5

98.9
99.8
100.2

1981-JAN.
FEB.
MAR.

222.5
227.3
224.3

45.5
46.6
46.7

268.0
273.9
271.0

31.9
31.3
29.3

8.5
8.1
8.3

40.4
39.5
37.6

50.2
52.2
52.2

71.9
71.1
70.7

fl 65. 1
169.9
164.6

33.0
32.0
33.0

99.2
99.4
97.6

APR.
HAY
JUNE

222.6
229.5
239.1

46.9
47.8
48.2

269.5
277.2
287.3

29.6
30.5
31.5

8.9
9.7
10.9

38.5
40.2
42.4

52.6
57.0
57.9

70.4
69.9
69.7

157.6
157.5
160.3

34.6
35.7
36.5

96.5
99.1
99.3

JULY
AUG.
5BPT.

241.8
247.1
248.2

48.5
49.4
50.2

290.3
296.6
298.4

30.6
28.9
30.2

13.0
14.9
16.5

43.5
43.8
46.8

61.. 2

69.3

160..7

39.0

99.6

1980-SEPT.

WEEK ENDING:

1981-SEPI.

OCT.

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

2
9
16
23
30

249.2
249.1
246.0
247.6
248.6

29.0
29.6
29.6
30.4
31.8

7 P
14 P

247.1
249. 1

29.1
30.7

LABGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,000 OB MORE,.
LABGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANlfS LESS LABGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THBIFI INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTSTERh EURODOLLABS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLABS HELD BY MONEY MJkBKET MUTUAL
FUNDS.
INCLUDES U.S. TBEASURY BILLS AND COUPONS HITH 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..B. 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
Date

1

Currency

at member
banks2

Demand deposits
at foreignat domestic
related
nonrnember
banking
3
banks
offices
In the U.S.4

Other checkable depoeits

total

Travelers
checks*

at
commercial
banks*

at thrift

Institutions7

total

Overnight
RPs(net)*

Overnight Money market
Eurodollars' mutual funds10

113.7

173.0

89.8

5.8

268,. 6

4.-3

18-7

7.1

25.9

29.3

3.7

78.2

OCT.
NOV.
DEC.

114.9
116.7
118.4

175.6
175.4
177.0

91.5
92.8
93.0

5.7
5.3
5.4

272.8
273.5
275.4

4.1
3.9
3.9

19.6
20.5
20.9

7.3
7.5
7.4

26.8
28.0
28,3

28.3
28.1
27.9

4.4
4.7
4.5

77.4
77.0
75.8

1981-JAN.
FEB.
MAR.

115.7
115.8
116.8

165.9
151.0
150.6

88.0
82.8
82.1

5.4
5.1
5.2

259.2
238.9
237.9

4.0
4.0
4.2

35. 7
42.9
48.0

9.1
10.1
11.1

44.8
53.0
59.2

27.5
27.0
28.7

5.. 2
4.9
4.6

80.7
92.4
105.6

APR.
MAY
JUNE

118.4
119.3
119.9

156.2
148.0
149.1

85.7
82.8
82.6

4.8
5.1
5.3

246.8
235^9
237.0

4.3
4.2
4.3

54.9
52.5
54.2

12.6
12.8
13.3

6.7*5
65.J
67.6

29.3
31.8
33.3

5.0
6.5
6.4

117.1
118.1
122.8

JULY
AUG.
SEPT.

121.4
121.4
121.0

150.4
148.1
148.3

81.9
80.9
60.9

5.1
5.6
5.3

237.4
234.5
234.4

4.7
4.7
4.5

55.7
56.4
57.9

14.0
14.4
14.7

69.7
70.8
72.6

32.3
32.4
2 9.. 5

6.. 9
7.8
6.-9

134.3
145.4
156.9

2
9
16
23
30

120.2
122.9
121.3
120.4
119.5

147.0
148.6
152.0
146.8
145.4

80.4
82.4
82.9
79.6
78.3

6.1
5.1
5.3
5.5
5.2

233.6
236.1
240.2
231.9
228.8

56.5
58.8
58.9
57.8
56.2

14.4
15.2
15.0
14.4
14.2

70.9
73.9
73.9
72.3
70.4

32.6
29.8
30.6
29.1
27.7

7.7
6.8
6.. 8
6.9
6.9

150.. 3
152.8
156.2
160.0
160.7

7 P
14 P

121.9
122.2

154.6
154.3

82.2
81.7

3.9
3.7

240.7
239.7

59.0
58.6

15.5
15.2

74.5
73.7

26.5
26.2

6.0
5.2

U3.2
164.5

1980-SEPT.

WEEK ENDING:

1981-SEPT.

OCT.

1/
2/
3/
4/
5/
6/
7/
8/
9/
10/

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 FOBEIGtl BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBEB BANKS OF THE FEDEBAL RESEBVE 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 PBOCESS OF COLLECTION AT NONMEMBEB BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOBEIGN INVESTMENT
COMPANIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERSNOW AND ATS BALANCES AT BANKS.
NOW AND ATS BALANCES AT SAVINGS AND LOANS AND MUTUAL SAVINGS BA.NKS, CREDIT UNION SHARE DRAFT BALANCES, AND DEMAND DEPOSITS
AT THRIFTS.
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 iBANKS 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
' aujuaicu

Savings deposits
at mutual
at
savings banks
credit unions

at commercial
banks

at savings
and loans

191.0

117.5

56.8

OCT.
NOV.
DEC.

192.2
190.7
183.7

117.0
113.8
108.9

1981-JAN.
FEB.
MAR.

176.3
171.9
171.3

APR.
MAY
JUNE
JULY
AUG.
SEPX.

Date
1980-SEPT.

Small denomination time deposits'!
at savings
at mutual
at
and loans
savings banks
credit unions

total

at commercial
banks

46.0

411.4

273.8

339.8

86.2

12.7

712-5

56.5
55.2
53.4

46.2
45.3
44*2

411.9
405.0
390,2

277.2
282- 7
290.7

343.7
349.1
358.0

87.2
88.6
91.2

13.1
14.1
15.5

721.2
734.6
755.2

103.3
101.0
101.7

51-7
50.7
50.8

42.9
42.0
41.9

374,2
365.6
365.7

301-8
308.3
312.5

365.3
367.9
369.3

93.3
94.1
94-7

16.5
17.4
18.3

776.9
787.. 7
794-8

172.2
169.2
166.6

101.7
99.6
98.5

50.8
49.9
49.5

41.7
41.0
40.7

366.4
359.7
355.4

313.3
318* 1
323.6

368.5
368.6
369.4

94.5
94.. 8
95.6

18.9
19.6
20.3

795.2
801.0
808.9

166.1
161.9
158.5

97.6
95.1
93-5

49.2
48.3
47.4

40.0
38.8
38.1

352.9
344.2
337.5

325.6
332.7
337.8

367.6
366.9
368.3

95.6
95.4
95.9

20.8
21-3
22.0

809.6
816-3
824.0

WEEK ENDING:

1981-SEP1.

OCT.

1/

2
9
16
23
30

159.7
159.5
158.8
157.7
157.6

335.6
336.7
337.6
33 8.. 5
339.0

7 P
14 P

158.0
157.2

342.6
345.2

,

SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS CF LESS THAN $100,000.




total

H.6 (508)
Table 3A—continued

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

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

Term RPs3
at
commercial
banks

at thrift
Institutions

total

Term
Eurodollars
(net)4

Savings
bonds

Short-term
Treasury
securities^

« Bankers
Commercial
paper7
acceptances^

191.8

35.9

4.1

231.8

27.3

7.2

34.5

45.1

73.1

150.2

30.0

96.8

OCX.
NOV.
DEC.

196.0
205,6
217.8

37.1
38.0
39.1

4.2
4.4
4.5

237.4
248.0
261.4

28.7
29.0
30.5

7.9
8.1
8.5

36.5
37.1
38.9

45.2
46.3
48.4

73.0
72.9
72.7

148.5
150.8
156.8

30.8
31.3
31.4

98-1
100.3
100.0

1981-JAN.
FEB.
MAE.

225.8
230.5
227.7

40.4
41.1
41.3

4.6
4.7
4.7

270.8
276.3
273.8

31.9
31.3
29.3

8.5
8.1
8.3

40.4
39.5
37.6

50.2
52.2
52.2

71.9
71.1
70.6

163.1
16 8.9
166.4

32.1
33.3
33.9

99.3
100.4
98.2

APR.
MAY
JUNE

221.9
228.5
233.1

41.6
42.7
43.4

4.8
5.0
5.1

268.3
276.3
281.6

29.6
30.5
31.5

8-9
9.7
10.9

38.5
40.2
42.4

52.6
57. 0
57.9

70.1
6 9.. 7
69.4

160.9
161..9
162.4

34.7
35.4
36.2

96..6
100.0
99.9

JULY
AUG.
SEPT.

236.7
243.2
244.9

44.0
44.9
45.5

5-3
5.5
5-7

2 86.0
293.6
296.1

30.6
28.9
30.2

13.0
14.9
16.5

43.5
43.8
46.8

61.2

69.1

159.9

3 8.3

59.5

1980-SEPT.

.WEEK ENDING:

1981-SEPT.

OCT.

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

2
9
16
23
30

246.1
245.7
242.4
244.5
246.8

29.0
29.6
29.6
30.4
31.8

7P
14 P

245.7
247.8

29.1
30.7

LABGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OH 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.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAI*
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC XESS 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
Millions of dollars. not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

1980-SEPT.

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

11.6

2.9

11.5

2.9

3.3

11.0

17.1

0.8

11.9

12.5
12.7

3.0
3.4
3.7

11.6
11.5
11.5

2.8
2.5
2.8

3,. 2

3.0
2.7

9.7
4.1

0.8
0.8

6.3

15.8
9.6
1U7

12-0
12,. 9
12.1

3.5
4*6
3.4

11.3
11.3
11.1

2.9
2.9
2.9

3.2
3.3
3.0

5.1
5.4
7.5

11.2
11.5
13.4

0.8
0.8
0.8

APfi.
MAY
JUNE

12.4
12.4
13.0

3.8
3.3
3.5

11.0
11.2
11.2

3.9
3.0
3.3

a. 4
3.3
3.0

8.3
9.5
9.1

15.6
15.8
15.4

0.7
0.7
0.8

JULY
AUG..
SEPT.

12.7
12.8
13.3

3.3
3.3
3.5

10.6
10.2
10.2

2.8
2.7
3.4

3.1
3.2
3.2

7.. 9
4,. 8
7.8

13.8
10.7
14.3

0.8
0.8
0.7

2
9
16
23
30

11.6
12.8
12.7
13.1
14.9

3.1
4.1
3.4
3.4
3.3

10,. 4
10.3
10.2
10.1
10.1

2.3
3.1
4.2
3.7
2.9

3.4
2.8
3.0
a. 4
3.4

4.1
1.9
5.1
9.9
15-3

9.8
7.8
12.3
16.9
21.6

0.7
0.8
0.7
0.7
0.7

7 P
14 P

12.2
13.5

2.8
2.6

10.1
10.0

2.9
2.4

3.5
3.0

10.1
7.1

16.5
12.5

0.7
0.7

OCT.
NOV.
DEC.
1981-JAM.
FEB.
HAfi.

0.8

WEEK ENDING:
1981-SEPT.

OCT.




SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at All Insured
Commercial Banks and All Mutual Savings Bank
July 29, 1981, August 26, 1981, and September 30, 1981
(Not Seasonally Adjusted)^

Insured Commercial Banks
July 29
August 26
September 30

__
Mutual Savings Banks
July 29
August 26
September 30

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)

218,388
(1,764)
37,235
(960)

225,468
(1,833)
39,551
(946)

227,412
(1,745)

55,812

45,973
(1,089)

(619)
13,292
(383)

14,324

14,315

14,299

14,324

14,315

96.29

78.17

53,906
(490)
14,887

(263)

54,105
(419)
17,944
(265)

455

454

452

14,299

455

454

452

64.52

98.05

78.86

Number of Offering Institutions:
6-month money market: cert if icates^
2-1/2 year and over variable ceiling
certificates

Percent of Offering Institutions
Paying the Ceiling Rate During the
Survey Period:
2-1/2 year and over variable ceiling
certificates

69.37

1/Estimates for September are based on data collected by the Federal Reserve and the FDIC from a stratified random
Tample of 552 banks and 102 mutual savings banks.
2/ Money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or more with original
niaturities of exactly 26 weeks for which the maximum permissable rate of interest on new deposits is related to the
discount yield on the most recently issued 6-month Treasury bill (auction average). See Table 1.16 in the Federal
Reserve Bulletin for specific 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. See Table 1.16 in the Bulletin for specific ceiling rates.