The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
For use at 6:30 p.m.
Thursday, February 7, 1980
February 7, 1980
The Federal Resexve Board today announced new definitions of money that
will henceforth he used
in the conduct of monetary policy.
The redefinitions, which have been under study for several years, were
prompted by many financial developments which have reduced the significance of
the old measures*
Among these developments are the emergence of NOW accounts,
automatic transfer services (ATS), money market mutual funds and a growing
similarity between deposits in commercial banks and thrift instituions.
One of the new definitions is essentially the same as the old narrowly
defined money supply (Mi) while a second concept will include transaction accounts
of all depositary institutions.
The new definitions of money are as follows:
M~LA -- Currency plus demand deposits at commercial banks.
This is
essentially the same as the old M-^ with one exception—it
excludes demand deposits held by foreign banks and official
institutions.
M-LB —
This equals M-1A plus other checkable deposits at all depositary
institutions including NOW accounts, ATS, credit union share
drafts and demand deposits at mutual savings banks,
M2
-- This equals M-1B plus savings and small-denomination time
deposits at all depositary institutions, overnight RPs at
commercial banks, overnight Eurodollars held by U.S. residents
other than banks at Caribbean branches of member banks, and
money market mutual fund shares.
-2M3
"
This equals M. plus large-denomination time deposits at all
depositary institutions and term RPs at commercial banks and
savings and loan associations.
The Board also adopted a broad measure of liquid assets, L.
equals
This
ML plus other liquid assets not included elsewhere such as term Eurodollars
held by U.S.. residents other than banks, bankers acceptances, commercial paper,
Treasury bills and other liquid Treasury securities and U.S. savings bonds.
In addition to regular publication of these new measures, the Board will
publish their principal components.
A detailed explanation of the new measures will be published in the
February issue of the Federal Reserve Bulletin.
-0-
For use at 6:30 p.m.
Thursday, February 7, I98u
February 7, 1980
Redefined Money Stock and Liquid
Assets Measures and Components
Historical Monthly Data 1976 to 1979
MONEY
(SEASONALLY
TA8LE l
STUCK MEASURES AND LIQUID
BILLIONS OF DOLLARS
(NOT SEASONALLY
ADJUSTED)
ZZZHITZX :
1
J
|
|
1 * !<>
JAN. .- I
FEB.
MAR .
APR.
MAY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
JAN.
FE3 .
MAR.
b?h,
11 & Y .
JJN.
JUL.
CURRENCY I M-14 PLUS I
I
PLUS
I
OTHER
DEMAND
I CHECKABLE |
DEPOSITS ! DEPOSITS |
1
i
I
301 6
302 3
305 .0
30? .6
3 09 .9
311 .6
314 .0
314 .7
316 « I
3 I 3 .0
319 .2
310,
312.
314.
31 7.
317.
319,
321 .
322,
1179
i 191
1203
1214
1225
1234
1244.1
1254.3
!
1310.9
1324.5
1336.9
1343.6
136 2 . 6
1374.8
1337.5
1402.2
32H B 0
3 2 c .5
.3 2 0 .4
327.S
3 30.4
332. 5
12 7 4 . 9
1265,5
1294. 1
i
i
I
1^29.8
i
14-7.3
1
l <■» i o . 3
j
|
i
S
|
I
!
I
!
^3fa.2
336. 2
iidb.U
.AY .
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
342. 2
343. 5
344. 9
34 8, 7
349. 3
350. 7
351 6
34 7.
34b.
349,
353.
354.
357.3
359.9
1333.7
1342.0
1349.7
1360.2
1372.8
1383.7
1394.7
1400.8
JAN.
t E3.
IAR.
APR.
<UY.
JUN.
JUL .
AUG.
SLP.
.iCl .
NUV.
uEC .
350 .1
353 .0
351 .9
3 56 .2
356 . i
360 . 3
363 .2
36S .4
36? .5
3 6M .0
36; . 6
371 .5
360.0
360.7
363.9
369.7
369.5
374.3
37S.O
300.7
3R3.2
3d 3. V
3d5 . 3
3 0 7.7
1406.5
1412.8
1425.4
1440.2
1448.3
1464.5
1476.4
14H9.5
149).7
150 7.2
1314.5
152 3.9
J
L„nzn:ZZIHTEIZI J
M-10 PLUS I M-2 PLUS ! M-3 PLUS
OTHER
OVERNIGHT |
LARGE
j
LIQUID
RP"S AND |
TINE
j
ASSETS
MMMF
AND | DEPOSITS j
SAVINGS I
AND
1
AND SMALL j TERM RP r t Si
TIME
I
DEPOSILU
1169.8
1033.4
{
1182.6
1048.3
I
1057.5
! 1 193
1204
1068.4
j
1217
1082.8
|
1224
1087.7
i
1234
1096.2
f
1248
1110.9
}
1257
1122.9
|
1270.1
1138.4
j
1283.2
1151.2
I
1299.7
1166.7
I
290.5
292.6
293.8
295.6
297
297
298
300
300
304
304.8
307.7
289. 4
291. 4
292. 5
294. 1
296. 0
295. 9
296. 4
293. 2
2 98 7
ASSETS
1
151 I.4
!
!
1526.5 i
!
1536.7 i
1
15*9.0 i
I
1564.3
!
i
1579.6
!
i
1591.9 1
!
1613.9 1
1 1622.2
j
1
1
1
i
1
1630.0 1
I
16*0.2 1
i
1652.6 !
j
1666.5 I
|
1674.9 1
I
1699.5 j
1
1702.9 !
I
1719.3 j
1
17 3 8.2
|
1. 1751.a I
I
1762.5 i
1
1772.1
|
I!
I!
H
M
CURRENCY
PLUS
DEMAND
DEPOSITS
JSTLzB
j M-iA PLUS
I
OTHER
I CHECKABLE
j
DEPOSITS
I
II
293.8
285.7
288.0
296.3
291.3
295.2
2 97.7
296.1
297.6
302.0
304.7
313.5
294.9
286.9
289.3
297.8
292.9
296.9
299.6
298.2
299.8
304.4
307.2
316.1
312.
303,
306,
316.8
309,7
315.3
319.5
317.4
3 2 1.0
Mb.l
328. 8
337.2
315.1
306.3
309.6
319.9
312.8
313.5
322.9
320.9
329.1
1.
ADJUSTED)
J&l
I M-1B PLUS
I OVERNIGHT
RP»S AND
i
1 MMMF AND
SAVINGS
AND SMALL
TIME
DEPOSITS
1035. 1
1041.5
1055.9
1075.8
1081.6
1091.2
1101.3
1108.9
1119.7
1135.9
1148.2
1169.1
M-2 PLUS
LARGE
TIME
DEPOSITS
AND
TERM RP»S
1172.7
1175.7
1191.3
1210.8
1215.6
1226.6
1237.8
1246.3
1254.7
1268.2
1280.4
1303.8
1181.6
1184.3
1201.4
1222.7
1224.2
1237.8
1250.1
1253.0
1263.2
1274.3
1281.4
1295.9
1314.4
1317.1
1335.3
1355.6
1360.5
1376.6
1392.3
1400.9
14:4.1
1429.6
1443.6
1464.5
14 7 5 . 4
1474.1
1494. 8
1517.8
1523.5
1537.2
1553.0
1562.3
1578.3
1592.7
1610.5
1627.8
1634.6
lo32.2
1650.5
16 7 3 . 1
1671.1
1689.4
17 0 6 . 1
1716.3
1736.1
1752.4
1759.1
1777.6
336.^
3 2 4.9
327
339
334
341
345
343.1
348.3
350.9
353.2
360.9
344.5
339.2
346.1
350.2
348.1
353.4
356.1
359.7
369.3
1304.4
1299.5
1313.3
1332.8
1331.6
1344.7
1356.1
1358.7
1371.9
1383.8
1390.4
1402.9
354. 7
342.2
345.5
359.5
350.5
359.3
365. 1
363.2
367.0
369.7
372.2
381.1
364.7
353.0
357.5
373.0
363.9
373.4
379.9
378.6
382.7
385.5
387.9
397.3
1409,0
1404.3
1422.2
1443.5
1445.5
1466.8
1482.1
1406.8
U98.2
1507.1
1509,9
1526.0
■3 9 0
1-.
TABLE 2
COMPONENTS OF MONEY STOCK M E A S U K E S AND R E L A T E D
SEASONALLY A D J U S T E D , B I L L I O N S OF D O L L A R S
!
!
19 7«.
197?
JAN...!
FEB. . . I
MAk. . . I
APR...
HAY...!
JUN...
JUL. . . !
AUG. . . ;
SEP. . .
OCT. . .
NOV. . .
DEC. . .
JAN. . ,
FEB...
«AR. . .
APR, . .
MAY. . .
JUN.
JUL...
AUG. . .
SEP. . .
OCT*..
fXLW. . .
DEC. . .
i '.)/'>
JAN. . .
rC3. ..
MAR. . .
APR. . .
4AY. . .
JUN. . .
JUL. . .
AUG. . .
SEP. . .
JLT. . .
NOV. . .
;>F.C
r»/-.
JAN.
..
..
I: i B . . .
MAN. ..
^PK. . ,
MAY. . a
JUN.
JUL..,
AUG. . ,
SEP. . .
lit T . . .
Ji.rf. . .
iif L . . .
|
!
DEMAND
DEPOSITS
SAJUtifiS Q L P _ Q S m
|
AT
|
AT
1
THRIFT
!
COMMERCIALS
I
i__
1
2Ti.l
1 -QAU&SL- - 1
163.B
|
I
}
1
!
I
1
I
i
I
I
!
!
216.4
216.8
217.7
218.8
218.3
218.3
219.5
219.5
221.7
222.1
ll1*.'*
f
|
}
I
!
1
I
j
|
j
!
170.2
173.9
177.0
179.8
100.6
182.2
184.5
107.6
191.9
195.9
200.5
1
!
1
!
1
j
i
j
1
!
1
!
226.4
228.0
229.2
230.9
231.i
2 3 1,9
232.9
23^.7
235.3
236.8
2 3 8.6
239.7
I
S
|
|
1
j
!
j
I
!
I
1
1
j
1
1
!
2^2.3
242,0
2 4 2.7
2 4 5.3
2^7.9
249,4
250.1
250.a
253.7
253.5
254.0
253.9
1
!
!
\
1
1
I
!
!
I
I
i
2 3U9
251.1
l ^ l . h
256.0
255.2
258.5
26 0 . 6
261.7
2b2. J
2 6 2.6
.63.7
2 6 s . «t
i
i
i
!
TOTAL
Zi
_StfA.LL_Iltt£_Q£EQSlI5
AT
!
I COMMERCIALl
1 . .—
1
!
|
|
|
|
i
1
!
|
|
!
225.6
228.0
230.2
232.1
233.6
235.0
236.7
238.8
240.8
243.9
245.3
247.2
389.4
398.3
4 04.2
409.0
413.4
415.6
418.9
423.3
428.4
435,8
441.2
447.7
!
i
1
1
|
|
|
!
f
I
1
204.3
206.9
208.7
210.5
2 11.7
212.5
213.3
2 14.7
215.6
216.9
217.3
217.8
i
i
|
j
!
!
I
I
J
!
!
|
!
I
!
!
{
{
1
j
I
i
!
J
i
l
249.4
251.2
252.4
254.2
255.4
257.2
259.1
261,5
2&3.^
266.3
267.1
26B . 7
j
!
j
i
|
1
!
|
!
|
!
!
453.7
458.2
461.1
464.7
46T.1
469.7
472.4
476.2
479.0
483.2
484. *
406.5
2 1 R. /
219.1
219.3
219.3
220,}
221.:
220.1
220.3
221.0
221.4
219.0
216.1
!
i
|
|
\
!
!
|
!
j
|
|
2 7 0.4
271.2
272.3
2T2.4
272.4
2M .4
268.5
267.9
267.6
267.4
i
j
j
?
'
!
!
J
|
J
2o3.1
259.9
!
|
4B9. i
490.3
4 91.6
492.1
492. 8
492. 6
488. 1
438.1
488.6
488.9
482.1
476.0
!
!
!
!
!
i
i
i
I
!
1
1
171.8
172.6
173.4
174.1
174.7
176.1
178.0
179.4
101.5
183.6
186.3
107.8
25 5 . S
250.7
249.1
2 '♦ 6 . 0
241.3
2-*3.8
2 *♦ 4 • 4
2V 3.8
2 4 0 . «♦
2 3 3.9
22S.1
;/.<>.>
i
!
!
j
1
!
I
{
1
1
|
J
1
468.0
460.6
456.9
452.6
448.9
450.2
451.0
450.3
4*5.3
4 3 5.0
422.2
41/. B
I
i
1
!
I
S
I
1
1
1
I
i
193.6
195.6
198.1
202.6
206.7
211.0
214.1
210.1
221.6
226.7
235.1
23(1.5
i
!
1
!
!
!
!
I
!
1
!
!
i
"_
ITEMS
!
lhin^.
I
212.5
209.9
207.J
206.6
20^.5
206.4
206.6
206.5
JO*.9
202.1
19 7 . 1
1r. j . J
|
S
I
i
|
|
|
j
1
I
J
\
!
{
|
U A U K L i „ l„ L U i L i * . _ l
144.6
144.4
142.8
142.8
145.1
145.6
147.3
149.9
153.1
155.2
156.7
157.9
j
AT
THRIFT
159.3
160.6
162.6
164.3
166.3
167,6
168.5
168,4
168.9
168.8
169.7
170.7
199.6
202.9
206.2
210.0
213.7
216.9
220.0
223.3
227.1
23 0 . 9
234.6
238.7
|
J
!
!
|
|
I
]
1
j
|
}
I
|
(
|
I
|
j
TOTAL
— ~. —
344.2
347.3
349.0
352.8
358.8
362.5
367.2
373.2
380.2
386.1
391.3
396.6
242.4
246.0
249.7
253.4
257.2
261.2
265.0
269.0
273.0
276.8
281.1
284.2
i
I
I
401.8
406.6
412.3
417.7
423.4
428.8
433.4
437.3
441.9
445.6
450.8
454,9
!
!
S
1
!
1
1
1
1
1
1
1
285.6
287.7
290.8
294.1
297.2
303.1
310.4
316.3
322.1
328.7
338.1
346.0
I
I
!
I
!
i
!
i
i
I
1
j
457.4
460.3
464.2
468.2
471.9
479.2
488.3
495.7
503.6
512.3
524.5
533.8
I
352.7
1
1
I
i
j
{
I
1
I
1
1
360.3
367.4
373.7
377.8
381.0
382.9
386.5
392.5
400.9
410.8
414.9
i
j
1
S
1
I
I
i
1
1
!
I
546.3
555.9
565.6
576.3
584.5
592.0
597.0
604.6
614.2
627.5
645.8
653.4
I
1
—.
TABLE 3
COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
IBILLIONS OF DOLLARS, SEASONALLY AOJUSTED)
1
i
1_
L976
JAN. . . j
FEB. . . |
MAR. . . j
APK...|
HAY. . . |
JUN...{
JUL. . . |
AUG. . . !
SEP. . . !
OCT. . . |
NOV. . . j
AT
COMMERCIAL
UAUKS —
120.8
117.9
118.9
1 18.6
1 14.9
118.4
1 19.3
115.6
113.7
111.3
i 10.3
no.2
1
i 917
JAN.
F£3.
MAR.
APR.
HAY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
1
.. |
.. !
. . j
.. |
.. |
..|
..I
..!
..J
..1
. . !
.. I
U&aE-IlfcJE
QEEUmS
I
AT
|
j
THRIFT
I
_i--ittmiuiiuui-]
I
6.4
I
j
1
1
1
i
I
1
1
!
1
!
6.5
6.5
6.4
6.3
6.3
6.6
6.9
7.1
7.3
7.6
7.8
..
I
1
|
|
|
|
j
!
|
?
!
!
109.8
1 10.5
1 10.6
1 10,6
110.9
1 14.4
I 17.3
120.2
122.6
126.4
131.2
135.0
TOTAL
.
SHORT-TERM
TREASURY
SECURITIES
SAVINGS
BONDS
I
L
._ — i -
|
}
|
BANKERS
ACCEPTANCES
7 771
{
77.5
78.3
79.5
79.6
60.7
81.3
81.5
82.9
62.3
81.4
80.7
\
1
|
|
|
!
|
|
1
!
127.2
124.4
125.4
125.2
121.2
124.7
125.9
122.5
120,8
1 18.6
117.8
118.0
1
f
I
67.6
68.0
68.3
68.7
69. 1
69.4
69.6
70. 1
70.8
71.7
71.5
71.8
117.6
1 13.3
118.5
118.7
119.2
123.0
126.2
129.3
13 1 . 9
135.9
I A i . 0
145.2
1
1
i
1
I
!
]
!
i
1
\
72.2
72.6
73.0
73,4
73.8
74.1
74.3
74.6
7 5.3
76. 7
76.3
76.6
78.9
80.6
8i,7
82.5
82.9
32.6
83.4
85.2
88.6
87.3
87. 1
89.5
I
I
COMMERCI
PAPER
eTi
I
--—
8.9
8.8
9.0
9.0
9.2
9.3
9.0
9.0
9.1
9.0
|
!
I
j
|
|
{
{
|
48.3
48.8
49.0
49.2
49.7
50.1
50.5
50.2
50.1
50.7
51.8
8.8
I
t
!
1
i
!
!
\
j
1
i
!
!
i
!
7.8
7.8
7.9
8,1
B.*
8.5
8.8
9.1
9.3
9,5
9 . ij
10.2
i
|
I
!
I
]
|
]
!
!
{
!
!
!
i
i
!
9.9
10.5
10,6
10.7
10.9
11.2
11.2
11.4
11.7
l i . 9
12.1
12.3
1
1
S
52.3
52.7
53.5
54.7
55.7
57.5
58.2
59,0
6 0.0
61 .5
62.3
63.1
!
j
JAN. . . j
F EB. . . {
M AK . . . !
APR* . . |
MAY. , , !
JUN...|
JUL.. . 1
AUG. . . j
SEP. . . I
OCT. . . |
NOV. , . |
DEC. . . |
138. 1
142.0
i4o. 8
15 1 . 6
156. 1
159.5
162.8
165.7
168. 1
168.4
176.3
178.5
i
i b.
<
1
1
!
!
!
1
!
i
1
1
!
i
11,3
ii.e
U . 5
13.1
13.3
13.7
14.2
14.7
15.1
15.6
16.2
!
\
!
j
|
!
S
j
!
j
j
180.4
183.2
18 1 . 9
179.*
17 8 . 1
175.0
1 75.6
177.5
183.3
187.8
100.1
18 7 . 6
1
!
i
I
!
i
i
1
!
1
1
1
17.0
17.8
1 8. i
18.5
19.2
20.4
21.a
22.9
24.1
2 5. 9
2 a. 2
. 0 . .
14 3 . 8
153.2
153.6
I 64 . D
16 9 , 2
172.8
176.5
1 79.8
182,8
193.4
191.9
194.7
!
i
i
!
!
j
I
!
1
1
I
1
77.0
77.4
7 7.8
73.2
73.7
78.8
78.6
78.9
79.8
81.5
80.4
80.7
89.1
89.9
91.5
92.4
93.8
94.5
94.2
94.9
100.0
96.3
94.3
98.7
i
1
!
1
1
i
1
1
1
1
1
i
13.0
13.8
14.4
15.0
15.4
15.9
16.6
17.0
17.1
17.7
20.4
22.6
!
1
I
!
i
i
i
!
I
!
1
1
64.6
65.2
65.9
67.6
69. 1
70.2
71.2
72.1
73.3
75.0
76.3
79.4
197.4
2 00.9
2 00.0
198.4
197.3
195.4
197.4
200.**
207. H
213.6
218.3
217.9
1
j
i
j
!
j
1
I
S
1
\
30.6
80.6
80.5
80.6
80.6
80.4
GO.O
80.0
80.6
!\2.2
80. 3
9d.8
100.4
108.2
114.2
122.3
131.2
128.8
123.2
126.6
124.4
123.5
i
J
1
I
1
I
I
i
I
j
j
22.4
21.3
21.3
21.i
21.0
21.5
22.6
25.0
26.6
27.2
28.6
$
1
j
i
j
1
!
I
I
1
i
81.2
83.1
85.0
86.6
88.2
90.4
91.8
93.6
95.7
96.4
95.5
i
I
JAN. , . |
FED. . . !
HAH. . . j
APR. . . |
MAY. . . j
JUN. . . j
JUL. . . !
AUG. . . {
SEP. . . }
OCT...!
NOV. . . |
UCC. . . |
j
!
1
i
|
|
|
|
|
\
I
1
TABLE 4
COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
(BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)
i
I
i
!
I
19 JL
■ '
;
■
JAN.
FEB.
MAR.
*P&.
HAY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
' }
CURRENCY
QEHAHtt-QEIiQSm
J.
UIHE&_CHEt&iftLE..QEEQSJJLS_
1
1
AT
!
i
i
AT
|
AT
|
FOREIGN
1
AT
I
AT
|
| COMMERCIALl
RELATED
THRIFT
|
DOMESTIC I
MEMBER
1
TOTAL
INST
|
I
BANKS
I
BANKING
BANKS
I NONMEMBER |
BANKS
I
orr ICES
jN.-itJ£_y*s
0.7
|_ _ - _ „
!
0.4
3.2
59.4
|
149.0
|
j
0.4
3.3
1.2
3.6
59.8
|
149.5
I
j
0.5
0.8
|
1.3
61.9
j
0.9
|
154.9
S
3.2
!
0.6
1.5
3.6
0.9
|
150.0
|
60.6
I
1
0.7
1.6
3.4
0.9
j
62.0
j
I
0.8
152.1
j
1.7
62.6
|
3.5
!
0.9
1.0
|
152.9
!
1.9
3.3
151.6
!
1
0.9
62.3
!
l.i
(
2.1
3.6
i
1.0
63.3
I
15 1 . 7
I
1.2
1
2.2
3.6
154.5
|
64,3
i
i
1.3
I
2.4
i
1.1
3.7
155.0
I
65.2
j
1
1 .3
1
1.2
2.5
161.0
|
66. 8
!
3.5
1
1.4
1
1.3
2.7
j
j
1
737*7
7*.1
75.1
76.3
77.1
77.8
78.7
78.9
79.0
79.6
60.8
82.1
. .\
. .i
. . f
. . {
. . |
. . (
. . |
. .!
. . |
. . I
. .1
.. j
JAN,
FES.
MAK,
APR.
HAY*
JUN.
:J
i
. . |
. . |
. . j
. ,!
•• 1
. . |
|
A U J .
• * j
SEP.
OCT.
NOV.
Li E C .
., I
,.|
. .!
. . !
JAN.
FEB.
MAR.
APK.
MAY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
..j
. .!
.. |
. . |
. . |
. . I
..|
«. I
. . |
. .i
JAN.
FEB.
MAR.
APR.
MAY.
JUN.
JUL.
Alio.
SEP.
uC1 .
NOV.
UFC.
. . |
. .j
. . !
. . I
. .
. .
. .
. .
. .
. .
. .
. .
\
. . |
•
80.7
80.9
81.7
82.9
83.5
84.3
35 . 7
85.3
86.2
B7.0
88.5
90. 3
"|
j
i
i
!
I
!
!
!
""""TiiTi *~|
SITS
1
o.s
i
i
l
I
1
i
I
160.0
153.6
155.1
|
i
|
io0.8
154.7
157.7
5 5 9.4
15 8 . 0
159.5
16 1 . 9
162.2
.67.3
I
67.2
64.8
65.8
69.3
6?.7
69.6
70, 0
69. J
70. 6
71. 5
73. 1
7 5.3
1
QV.E&Hl£HI_5i""!i£_I
GROSS
.
_
|
NET
^
777
t
1
|
j
i
1
|
S
8.5
8.9
9.5
11.6
10.7
10.7
13.0
12.3
11.6
12.8
13.6
i
1
!
1
i
i
I
!
I
i
8.7
9.1
9.7
11.8
10.8
10.8
13.2
12.5
11.7
12.9
13.8
2.8
2.9
3.0
3.1
3.1
3.2
3.4
3.5
3.7
3.8
3.9
4,1
i
1
!
1
1
!
!
1
!
i
!
!
12.5
12.9
13.7
13.7
15.9
15.2
15,4
16.4
16.7
16.4
18,0
17.9
i
I
I
1
j
!
1
!
j
1
!
12.4
12.8
13.6
13.5
15.7
15.0
15.2
16.2
16.5
16.2
17.7
17.6
4.3
4. i
3.9
3.8
3.8
3.8
4, u
- . 6
4. 7
4.9
4.9
*..4
I
1
1
!
i
1
!
i
\
!
i
!
1.4
1.4
1.5
1.5
1.4
1.5
1.6
i . 5
1.7
1.8
1 .8
1.9
!
1
i
1
1
i
!
i
!
!
1
!
1.4
1.5
1.5
1.6
1*7
1,7
l.S
i.9
2.0
2.1
2.1
2 .2
!
i
1
i
i
i
i
I
I
!
4
4 ., 75
4,3
4.9
4,5
4.8
4.6
4.5
5.0
4.9
4.9
5.2
i
!
!
1
1
i
i
I
1
1
j
i
i . 9
i.9
2.0
2.1
2.0
2.1
2.1
2.2
2.3
2.3
3.6
5.3
i
!
1
I
1
i
I
I
j
i
1
1
2*3
2.3
2,4
2,6
2.6
2.7
2.8
2.8
2.8
2.9
3.0
3.1
!
S
1
i
1
1
I
i
1
I
1
1
4.2
4.2
4.3
4.6
4.7
4.3
4.9
5.0
5.1
5.2
6.6
8.3
i
1
I
i
1
1
1
I
I
i
1
1
17,3
17.8
18.7
18.5
19.3
17.5
18.2
19.7
19.4
20.0
22.3
21.6
1
1
1
I
I
i
1
i
1
1
I
i
17.0
17.5
18.5
18.2
19.0
17.2
17.9
19.3
19.0
19.7
22.0
21.3
|
I
!
S
!
1
I
I
|
I
I
i
5.4
4.9
5.2
4.9
5. 1
5.5
5.4
5.4
li.7
5.9
f-.O
5.0
6.8
7.7
8.8
10.1
9.9
1J.5
11.2
11.0
11.9
Ul.J
i l . d
12.2
1
1
1
i
1
!
1
!
1
I
1
!
3.1
3.1
3,2
3.4
3.5
3.6
3.7
3.3
3.3
3.9
3.9
4.0
I
I
1
I
I
1
1
I
I
j
}
I
9,9
10.8
12.0
13.5
13.4
14.1
14.8
15.3
15.7
15.8
15.7
16.2
i
j
j
I
1
I
i
i
I
I
I
j
21.0
21.6
22.4
22.8
24.0
23.9
22.8
22.8
23.9
23.7
22.4
23.1
1.
I
1
1
1
(
1
1
i
I
1
1
20.3
20.9
22.0
22.4
23.5
23.1
22.0
21.9
22.6
22.2
20.3
20.7
|
!
1
i
!
!
1
8 8.6
88.9
89.9
90.9
91 , 9
92,9
94.0
94.3
94.9
95.7
97.4
99.4
!
{
1
i
!
1
!
I
1
i
!
!
167.8
158.5
160.1
167.1
162.7
165.8
168.U
166.3
168.1
169.1
1 6 1. 8
171.5
:
!
I
I
i
I
!
i
7 •:. 5
72.d
73.2
77.0
75.4
77.9
73.7
78.0
80.4
81.3
83.0
84. 8
97.5
97.7
98.7
99.9
100. 6
101.8
103.2
103.9
104.5
105.2
106.6
103.0
S
I
|
I
!
j
i
\
1
j
1
1
168.5
159.1
160.4
160.5
161.2
166.1
H.9.3
167.4
168.2
16 > . 2
169.7
175.6
I
I
!
1
S
I
j
1
i
j
j
1
83* 3
80.5
81,2
86,2
83.6
U6. 0
87.2
1)6.5
etl.o
J9. 3
U9.9
91.8
!
;
1
i
1 y / S"
I.
"|
|*
l
1
1
S
1
1
1
1
1
I
I
{
1
TABLE 5
CirU»JNEN?S OF MONEY STOCK MEASURES AND LIQUID ASSETS
(BILLIONS OF DOLLARS, NUT SEASONALLY ADJUSTED)
i
i
I
1976
UVEKNIGHT
EURODOLLARS
- i-
JAN. . . !
FEB. . . [
HAR. . . |
APR. . . |
MAY. , . f
JUN. . . j
JUL. . . j
AUG. . . j
SEP. . . 1
OCT. . . |
fiOV. . . {
DEC...!
1
|
.
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
1
I
|
|
i
1
i
j
I
j
1
MONEY
MARKET
MUTUAL
_£UUQS _
3.?
3.?
3.o
3.6
3,5
3.4
3.3
3.3
3.3
3.3
3.4
3.4
T
I
A?
| COHMERCIAL
-BANKS
i
163.0
i
169.4
I
|
174.8
!
179.0
i
181.3
!
181.8
183.2
S
!
184.7
I
186.6
|
190.6
|
194.6
198.8
t
19/7
1
JAN. . . |
FED. . . j
MAR. . . |
APR. . . !
^AY. . . j
JUN. . , |
JUL. . . |
&Uu, . . |
s>fcP. . . i
ilCT. . . |
Nov...i
0.0
0.1
0.2
0.3
0.4
0.5
0.5
0.6
0.7
0.8
3.6
3.8
3.8
3. 7
3.6
3.5
3.4
3.4
3.5
3.5
3.6
J i 7
1
203.4
206.0
209.7
212,6
213,3
213.5
214.7
215.1
215,0
215.9
2 15.7
215.8
I
Pi
i
l W«
JAN.
f £3.
-»AR.
APR.
-.AY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
*.!
..I
..!
..|
..!
..I
.. I
. . !
.,|
. . |
.. |
. . !
j
I .1
I . 1
1 .2
1 .4
I .5
1 .6
1.7
1.7
1.0
1.9
2,0
JAN. . . |
FEB. . . |
'TAR. . . |
APR. . . j
i-IAY. . . j
JUN. . . |
JUL. . . |
AUo. . . j
SEP. . . |
U T . . . I
NOV. . . i
oec. . . 1
2,3
2.6
2.8
2.a
2.8
2.9
3.0
3.3
:>.5
1.4
3.2
3.5
>
i
{
i
I
1
4.2
4. B
5.3
5.6
6. 3
6.8
7.2
7.0
8.4
8.'J
9,4
10.3
!
!
!
}
!
!
i
j
I
I
2 17.7
218. 1
220,1
22 1 . 8
222.0
222.0
221.5
220.7
220.6
220.6
217.4
214.1
1
1
1
I
1
j
j
I
!
j
1
1
12.1
14.5
16.8
19.2
21. B
2 4.6
28.0
J1.2
33.7
3o,s
40.4
43.6
1
1
!
i
I
j
1
i
S
1
I
j
211.5
208.7
208.6
208.5
206.9
201.2
207.7
206.7
204.5
201,3
1*^5. U
193.0
i
i
t
i W >
"T
1
"i
AT""
SCL"S
...... . — .„ ._..———
.SA¥iMGS_QEEUSJLLS
1
AT
|
1
MSB"S
1
\zz~.T~"
UCUQUS
32.5
32.9
33.7
34.4
34.8
35.5
35.8
35.9
36.2
36.8
37.2
37.7
I
|
|
|
j
{
|
|
j
|
TOTAL
123.4
125,9
127.5
128.2
129.6
130.6
130.9
131.9
133.1
133.8
134.7
'l
f
j
I
1
1
!
\
I
1
f
1
1
!
1
I
f
i
1
1
1
1
\
i
135.4
136.1
137.6
139.4
139#8
141.5
142,9
143.4
144.3
145.2
14 5 . 2
145.8
I
j
I
1
1
1
1
!
1
i
!
i
74.0
74.2
75.0
75.7
75.7
76.1
76.4
76,4
76.7
76.8
76,7
77.0
i
1
I
1
!
i
38.3
38.8
39.7
40.3
40.8
41.8
42.3
42.3
42.9
43.6
44 . 0
44.7
146.0
14 6 . 0
14 7 . 6
14 8 . 2
147.9
147.8
146,3
144.9
144.5
143.4
140.2
137.7
\
!
!
\
!
!
i
{
I
1
I
i
77. 1
77,0
77,5
77.6
77.4
76.9
75.8
74.9
74.6
73.d
72.3
71.1
1
!
1
j
i
j
1
1
1
i
1
1
45.2
45.8
46.8
47.6
48.0
48.8
49.0
48.8
49.3
49.6
49.5
49.8
!
!
!
j
i
I
1
1
I
1
4 86.1
486.8
492.0
495.2
495.2
495.6
492.7
489.3
489.0
487.4
479.4
472.3
!
{
1
!
1
I
|
J
I
I
I
69,5
68.0
67.8
67.2
66.5
66.7
6o . 6
65.9
65.0
62.9
60.7
1
!iv.9
i
i
1
i
1
1
!
!
1
I
I
1
49.2
48.3
48.8
48.4
47.5
48.0
47.9
47.2
46.7
45.5
43.9
43.3
1
I
I
1
\
j
I
1
i
1
1
i
465.1
457.1
457.2
455.3
450.9
452.9
454.4
451.1
445.6
434.6
420.0
414.9
134.8
132.0
132.1
131.2
129.9
131.0
132.1
131.4
129.4
12'i.M
1 1V.6
118.1
|
!
i
|
I
i
|
}
|
|
|
1
!
1
1
1
1
!
I
i
I
1
j
5
!
!
1
!
1
1
1
{
!
i
1
I
s
\
1
I
!
I
I
j
1
!
1
1
1
1
69~T™
69,8
70.8
71.4
71.5
72.0
72.5
72.5
72.6
73.0
73.2
73.6
AT
CREDIT
I
387.1
395.6
405.1
412.3
415.9
418.9
422.1
424.0
427.3
433.6
438.8
444.9
j
1
I
I
1
1
I
451.0
455.1
462.0
468.0
469.5
472.8
476.2
477.3
479.0
481.5
481.6
483.2
TABLE 6
COMPONENTS QF MONEY STUCK MEASURES AND LIQUID ASSETS
(BILLIONS OF DOLLARS* NUT SEASONALLY ADJUSTED)
SUALL-D£UQMlHAjr.lQM U M E - Q t E D i l l S AT
|
AT
|
i
CREDIT
!
AT
|
MUTUAL
i
UNIONS
|
SAVINGS i
SCL'«S
I
. . 1 . BA^IiSS . J .
oTo i
39.3
1
160.5
!
39.9
|
0.0
|
164.0
i
40.4
|
0.0
|
166.9
I
41.1
|
0.0
j
170.2
1
41.7
I
0.0
|
17 2 . 5
1
0.0
i
174.9
|
42.2
1
42.7
j
0.0
j
177.7
|
0.0
|
179.7
j
43.2
!
0.0
|
43.9
1
182.3
i
0.0
!
185.4
i
44.6
1
187.7
!
45.2
I
o.o !
0.0
46.1
I
191.1
I
1 .
!
AT
{
I COMMERCIAL J
BANKS
I
I
1
1—
19 7 6
1 )I!
JAN...J
FEB. . . |
MAR. . . !
APR. . . |
MAY. . . I
JUN. . . i
JUL. . . !
AUG. . . !
SEP. . . }
OCT. . . |
NOV. . . \
DEC. . . {
JAN.
FED.
MAR.
AP*.
MAY.
JUN.
JUL.
AUG.
SEP.
- ■■ C
T ,
..
..
..
..
..
..
. .
..
..
»
I S 7s
JAN.
?E3.
M AR
APR,
MAY.
JUN.
JUL.
AUG.
SEP.
UCT.
NOV.
DEC.
|
|
{
!
|
I
j
I
S
I
j
|
158.9
161.3
163.4
164.6
166.9
163.4
160.6
168.4
168.9
169.3
168.3
169,0
1
!
\
|
!
!
J
|
!
;
j
!
196.0
199.7
203.0
206.3
208.5
211.5
215,0
2 17.6
2 2 0.9
2?4.2
^26.2
229.0
i
|
i
I
!
1
1
!
!
\
1
j
47.0
4 7.6
43.2
48.5
4 3.9
49.7
50.4
50.8
51.3
c2 „ ~
53-2
I
!
232.5
234,5
237.0
!
!
-
54 . G
54,5
!
!
i
i!
|
I
j
!
j
!
i
|
\
'
NOV, . . j
DEC . . . 1
1
\ 9/H
14t.O
145.0
143.7
143.4
145.7
146.3
147.4
149.7
153.0
155.5
155.4
156.3
..1
..!
. . . i
. . i
.. i
.. S
.. 1
. . !
.. !
.. $
.. 1
.. i
1
JAN. . . !
FEB. . . j
r.AR. , . |
APR. . . |
MAY. . . j
JUN. . . I
JUL. . . \
AUG. . . |
SCP. . . I
t it T . . , f
NOV. . . |
JlC. .. |
171.3
173.1
I 7 A. 1
174.2
1 75.4
17 7 . 0
170.1
179.2
181.7
184.2
184.8
185.9
193. 0
196.2
19b. 7
20 2 . 8
207.5
212.0
214.3
2 17.9
221.6
227. 1
2 2 3.2
2 J 6 . *♦
i
i
c 3 -*. o
240.7
244.8
250.8
254,4
2 5 8.7
264.2
269.6
275.8
28J.J
289.1
!
i
!
I
1
1
|
!
|
!
|
|
1
!
|
294.3
i
298.3
I
?99. 2
!
301.1
|
302.^ |
304.0
j
307.9
|
3 1 4 . ••
j
3 19.5
|
12 2 . 4
i
£ ?
*,
1
|
!
!
I
|
|
|
|
|
?
t
!
!
!
!
!
1
f
j
!
i
|
1
457.6
4 6 2*4
4 6 6.6
470.0
472,B
479.8
488.9
494.8
502.7
512.4
520.3
529.8
(
j
|
!
1
1
|
!
1
I
{
1
547.1
558.6
568.4
578.5
5b5.3
592.5
597.4
603.3
612.7
627.3
u40.8
6*11.7
6 9*0
70.9
72.4
73.4
73.6
73.8
74.0
74.3
75.4
77.i
7 L. 6
79.6
j
1
!
S
\
I
|
i
|
j
I
j
1 .8
2.4
3.0
4.0
5.0
5.6
6.3
7. 1
7.;
0 . 7
9 . 5
10.3
i
348.9
351.1
354.7
359.8
363.5
367.8
372.7
379.2
385.5
388.3
393.5
j
I
!
«
I
!
I
1
1
!
;
!
I
i
!
;
3437F"
401.9
408.6
414.6
419.7
424.4
429.7
434.1
436.8
441.1
445,5
4*7.1
451.3
55.7
5 is. 1
57.3
59.2
60.2
61.3
62.3
64.6
66.6
(
TOTAL
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
O.Q
n ~
U.J
0.0
0. 1
0.2
0 .3
0.4
w . 6
0.7
0.8
0.9
1.0
1.2
1.3
1.4
U
1
.LA&uF.JiIMl£iALlQS_Ii3IlQ££QSlI£
f
AT
j
ICOMMERClALl
1
BANKS
I
_1
.
AT
S£LWS
i
122.1
118.1
118.8
117.9
114.8
116.8
117.5
115.7
113.7
111.7
110.5
112.1
!
j
I
!
1
1
1
1
1
111.3
110.8
UQ.9
109.6
110.4
112.9
115.6
119.8
122.2
126.6
131.8
13 7 . 7
I
1
1
1
1
i
1
!
6. 8
6. 8
7.0
7.2
7.4
7.8
8.1
8.4
8. 6
8. 7
8.7
8,9
140.1
142.5
147.6
150.3
15 5 . 4
157.1
160.2
164.8
167.3
168.7
177.3
13 2 . 4
!
1
!
1
I
I
1
1
1
!
I
!
9.3
9.9
10.4
11. 1
11.7
12.2
12.6
13.1
13.5
13.7
13.9
14. 1
I
1
1
1
I
1
1
1
1
1
I
I
14. 8
15.5
15.9
16.3
17. 1
18.6
20. 1
21.3
22.4
23. 8
25.4
26. 8
I
f
j
1
1
1
i
1
!
!
182.9
184.1
183.3
178.5
177.2
172.4
172.6
176.4
182.0
188.0
i
in.*
1
192.0
1
1
! ~~~~~5TF I
1
5.6
|
(
5.6 i
1
5.6
|
1
5.6
J
I
5.7
|
1
6.0
j
|
6.3
i
6.5
I
I
6.7
|
6. 8
6. 8
i
\
i
I
1
1
1
i
1
1
I
f
j
!
\
\
!
!
1
!
1
1
I
1
1
!
1
1
j
AT
|
MUTUAL
1
SAVINGS 1
£AN.K.S„L
0.8
I
0.7
|
0.7
(
0.7
|
0.7
!
0.7
|
0.7
1
0.8
i
0.8
|
0.8
i
0.8
)
0.8
\
TOTAL
7*2874
124.4
125.1
124.2
121.1
123.2
124.2
122.8
121.0
L19.2
118.0
119.7
0.8
{
0.8
|
0.8
1
0.9
!
0.9
|
0.9
!
0.9
i
0.9
i
1.0
I
l.c
j
1 . 0 1
i.o
}
118.9
118.4
118.7
117.6
118.7
121.6
124.6
129.2
131.8
1 3o . 3
141 . 5
147.7
I
x.i 1
]
1
1
1
1
1
1
1
i
I
1
' . *
'
1 . 2 !
1.2
|
i.3
i
i*3
|
1.4
I
1.5
i
1.6
i
1*6
1
1.7
|
1 . 7 |
150.5
153.5
159.3
162.7
168.3
170.6
174.2
179.4
182.4
184.0
192.9
198.2
I
i
!
1
1
1
1
1
i
I
!
1
1.8
|
1.8
{
1.8
!
1 . 9 |
2.0
i
2.1
1
2.Z
!
2.3
I
2.4
!
2.5
|
2.6
{
2.7
1
199.5
201.4
201.1
196.7
196.3
193.1
194.9
200.0
206.8
214.2
219.5
221.5
!
!
j
!
!
!
!
1
i
II
TABLE 7
CUMPUNfcNTS OF MONEY STOCK MEASURES AND LIQUIO ASSETS
{BILLIONS OF OCLLARSt NOT SEASONALLY ADJUSTED)
1
i
„
i9?6
_I£Htf-.llll
AT
ICOKMLftCIALl
i
QAUISL— 1
JAN. .. j
7.6
I
F E B . .. I
HAK. ..{
APR. ..!
MAY. ..{
JUN. .♦!
JUL. .. 1
A U G . ..!
SEP. .. j
OCT. ..I
NOV. .. {
D E C . ..!
8.3
0.7
9.3
I
|
1
11.3
10.4
IQ.4
12.6
12.0
11.2
12.4
13.2
i
!
S
1
!
!
!
1
j
A.*.
FEB.
MAR*
APR.
MAY.
JUN.
JUL.
.. i
. .!
. . 1
, .1
.. |
.. 1
.. I
!
!
13.2
1
13.1
i
DEC. ..J
.AN.,,!
l z.t
)
' t~ 8
17.1
1
MAR. . . 1
ia.c
i
if'K, , , i
i7. e
15.5
!
1
SEP. ..I
OCT. .. !
NDV,
iV:
12.0
12,4
15.2
14.6
14.8
15*7
16.0
15.7
1 7.2
I7<c
AUG.*.!
..;
'■
UY. . . !
J U J. .. I
J U L . ..|
AUb. . . I
SEP.
OCT.
NOV.
DEC.
.. i
..!
..1
..!
-1
AT
THRIFT
1NSI5*
1.6
1.5
1.5
1.6
1.6
1.8
1.9
2.0
1.9
1.8
1.8
19 / »
J AN.
FEB.
MAR.
APK.
MAY.
JUN.
JUL.
AUG.
S E P . ..|
O L T . ..{
NOV. ..|
uCL. .. j
JL
..
L
1
1
I
1
I
i
1
I
1
I
!
j
8.2
8.6
8.7
8.9
9.3
9.5
9.7
9.8
9.7
9.9
10.2
10.3
I
1
|
|
I
I
j
|
|
j
i
1
I
i
I
10.3
10.5
10.7
;
1
|
1
U.l
I
!
1
1
!
1
j
11.5
11.3
12.0
12.6
12.7
12.9
3 * 5
|
I 1
3.3
1
13.7
3 .9
4.0
4.2
4.6
!
1
!
i
;
I
1
i
i
1
i
14.1
15.3
16. 1
16.?
i7.a
19.3
20.5
21.6
21 .0
21.2
23.0
1
i.a
It. 5
17,5
IB. 9
18.6
19.2
2 1.5
20.8
i
!
I
|
i
!
!
\
1.9
1.9
2.1
2.2
2.4
2.7
2.8
3.0
3. 1
3.3
c
5. I
!
5.2
5.3
5.4
5.6
5.8
5.9
1
1
. . 1
..!
, . |
.. i
. . |
.. j
. . I
, ♦ j
SHORT-
1
|
TERM
|
iEURODOLLAR!
|
TERM
| B A N K E R H S 1 COHMERCIAL
SAVINGS |
PAPER
DONDS | TREASURY j ACCEPTANCE!
- 1&ECUR1L1EU
8.1
I
47.9
78.8
i
67.5
f
8.8
!
49.0
67.9
|
79.2
I
68.3
i
49.1
8.9
I
79.9
1
68.7
|
8.9
!
48.9
80.1
I
69.1
j
49.5
9.2
1
79.0
I
!
78.4
79.3
80.8
81.0
82.3
82.6
80.9
|
1
|
|
|
|
|
9.1
9.4
9.5
9.2
9.1
8.9
8.4
!
i
I
j
80.7
82.4
83.1
83.1
j
i
{
I
Ii
|!
!!
|i
jI
!\
II
9.5
10.7
10.8
10.8
11. 1
11.4
11.3
11.6
11.8
11.9
11.7
1 i. 4
}!
!!
!1
!!
!I
]I
1
|
i!
!
!I
1
1
12.5
14.3
14.8
15.2
15.7
16.2
16.6
17*3
17.2
17.6
19.6
20.8
1
!
1
j
I
I
i
j
I
1
i
21.6
22.3
22.0
21.5
21.5
21.8
22.5
25.3
26.7
27. 1
27.6
69.5
69.8
70.3
70.8
71.1
}
j
j
|
|
71,5
1
71.8
72.2
72.6
73.0
73.4
73.8
74.3
74.7
75.1
75.4
75.8
75 .2
76.6
!
I
i
!
!
49.6
49.9
49.9
49.3
49.9
51.5
51.8
i
1
19 t r
|
f
ty
22.8
!
!
j
77.0
77.4
7?.8
73.2
73.6
7 9.0
79,3
7 9.6
79.8
80.1
30.4
80.6
1
82.3
30.7
81.7
84.6
86.1
87.4
8S.4
8 9.3
l
91.0
91 .9
92.8
93.2
93.4
92.8
92.5
I
94.3
!
i
96.6
96.5
I
95.7
j
98.4
I
!
52.1
53.3
53.7
54.7
56.1
57.6
58.3
58.4
58.9
61.2
6 3.1
63.1
!
!
i
!
i
{
64.3
65.8
66.0
6 7.6
69.7
7 0.6
71.4
71.4
1
I
1
1
71.9
74.4
77.6
79.4
1
I
I
I
I
I
I
1
I
81.0
03.7
85.0
86.6
89.0
91.1
92.2
92.6
93.8
i
20.2
20.8
21.5
21.9
23.1
22.9
21.9
21.9
22.9
22.7
21.5
22.?
5.9
5.7
5.7
6.0
6.2
6.6
j
24.4
S
80.6
1
27.1
i
80.o
1
I
j
28.4
29.1
29.6
8.1
I
1
I
1
29.9
31.3
33.0
33.6
H.i
i
jj.r,
fi.2
fl.O
1
!
34.1>
33.J
I
1
j
{
1
1
1
j
|
80.6
80.6
80.6
80.6
80.6
80.6
8 0.6
H0. 5
!U),3
7.1
7.6
I 100.7
I 102.3
I 109.6
1
1
1
}
i
!
1
i
115.2
122.1
129.0
126.5
122.2
123.9
124.7
125.4
i
95.4
I
97.1
TABLE 0
MEMORANDA ITEMS
(LULL10NS UF DOLLARS, NOT SEASONALLY ADJUSTED!
T I M E AND
\
U.LS«_&Q¥fcaM£&L_U£tS&MQ-Q££QSiIS
AT
SAVINGS
I
\
AT
|
NOTE
I
!
DUE 1 0
| COMMERCIAL 1
I
FOREIGN
I
FEDERAL I B A L A N C E S
FOREIGN
I
BANKS
{
OFFICIAL
S
i
RESERVE I AT B A N K S !
OFFICIAL
|
J INSTITUTIONS)
I
BANKS
t AND T H R I F T S !
1U&I.&.BAU&S1
0.0
I
!
2.5
i
15.2
j
3.8
i
5.9
i
14.i
!
0.0
4.5
2.3
}
!
I
8.8
i
0.0
2.3
{
3.9
I
13.0
I
f
7.7
1
0.0
12.0
I
\
3.9
1.2
1
1
5.2
1
2.3
I
I
7.3
I
0.0
|
12.3
I
3.8
|
0.0
13.0
1
4.8
I
6.8
i
2.*
S
2.5
1
13.0
1
3.5
0.0
!
1
7,4
I
2.4
j
12.4
!
3.7
0.0
I
7.8
!
!
12.4
!
0.0
|
2.3
j
5.0
I
8.2
!
l
2.4
i
4.0
0.0
|
12.3
I
1
9.2
1
11.7
{
4.1
0.0
2.5
\
1
1
6.7
1
4.4
1
6.1
0.0
2.8
12.2
!
1
I
1 .QEtf AMQ JJLEQSILS--Q1JIL-IU-I
i
1
FOREIGN
! COMMERCIAL
j
BANKS
197b
I'ii
i
, •*/,!
i 9 /-;
i
I.
i
JAM...(
6.9
rro...|
7.1
MAR...|
APR...!
MAY.*.J
JUN...I
JUL...1
AUG. . . I
SfcP...!
OCT...I
NOV...I
DEC. . . !
7.2
1.2
7.3
7.4
7.6
?.*
7.7
7.7
0.1
0.3
JAN. . . |
FEB...!
MAR...I
APR. . . |
HAY...!
JUN...|
JUL...!
AUG . . . 1
Si?...J
■~CT...j
NCW...!iiGC . , . 1
8.1
8.0
3,0
O.O
8.3
3.6
9.1
3.9
D,a
n.a
9.1
10*2
2.8
2.2
2.3
2.4
2.5
2.6
2.8
2.6
2.7
2.7
2.6
3. 1
JA.N. . . :
r lib . . . I
MAR...!
\?R.
.. i
'tAr, ,, i
JJN...J
JUL...|
AUG. . . j
SEP. . . I
.'CT...I
NUV...}
UEC...I
I
1
J AN. . . |
ffcB . . . |
9.5
10.5
} 0.3
Q ,9
i u. 2
10.2
10.0
10. 1
9.9
10.0
10.2
10.9
3.0
;PI
i
MAY. . . j
.KIN. . . j
JUL. . . {
AUG...I
^TP...|
1!(.T...|
•i U V . . . |
JLL...I
U.S. G
TIME
SAVI
DEPOS
i
7
R
{
1
i
i
I
1
j
!
2.7
2.9
2.6
2.5
2.6
2.6
2.6
2.7
2.6
2.3
|
1
I
1
1
f
1
1
1
J . -'<
2.7
2.7
2.3
3.1
3.2
3.0
2.9
d.l
\
#-'.<»
1
1
J.l
5 . .1
A
}
i
I
!
1
1
S
!
1
1
S
!
S
12.0
11.4
11.2
11.2
11.8
12.2
11.8
11.3
10.9
11.2
11.5
11.6
i 1.8
12.1
12.1
11.7
11.4
11.3
10.9
10.9
11.2
11.2
11.8
11.6
__1
3.9
4.2
H-.3
5.4
3.6
5.0
3.6
3.4
5.0
3.7
3.5
5. 1
!
(
1
i
!
!
I
1
!
!
1
!
7.9
10.7
8.5
7.4
10.9
7.0
8.9
6.0
6.9
5.?
2.4
5,6
!
!
I
1
i
1
1
1
!
1
i
j
4.3
4.3
4.0
5*0
4.0
6.2
4.4
3.5
6.2
4.3
2.7
3.3
i
1
i
i
\
1
1
I
1
}
i
I
1
i
!
!
1
J
)
j
!
1
2.6
2.5
2.5
2.6
2.4
3.5
2.2
2.3
2.1
2.1
1
!
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
*> n
TOTAL
j
57?
!
13.3
11.7
9.0
11.0
U . 6
10.8
11.5
13*2
13.2
10.8
10.5
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
0.
!
|
!
!
0.
0.
0.
i
0.
)
!
0.
0.
i
i
i
1
1
0.
0.
0,
0.
0,
1
0,
\
i
1
0.0
0.0
0.0
!
I
1
1
!
I
1
I
!
!
!
I
7.5
S*7
4.7
5.2
5.4
7.5
1-0.6
9.9
11.0
15.0
B.2
4.0
:
i
1
S
1
i
1
I
1
i
1
I
0.0
0.0
0*0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
5.6
7.0
!
!
1
!
1
i
1
f
I
I
1
I
11.8
10.0
9.5
10.2
10.4
13.7
15.1
13.5
17,2
19.3
16.5
14.3
i
I
i
0,
0.
0
s
i
0,
u
3.4
3.5
3.1
2.8
3.3
3.3
3.3
3.0
3.9
J.3
3.0
3.0
i
1
i
1
j
j
i
1
I
1
I
1
9.5
5.9
4.1
2.7
6.0
7.3
11.0
7.5
9.7
9.6
3.3
6.9
i
1
1
1
J
1
!
j
1
i
1
t
15.4
11.9
9.6
8.2
11.7
14.1
16.5
12.0
16.3
15.0
8.6
12.5
1
1
11.8
14.9
12.8
12.8
14.5
12.0
12.5
9.5
1 US
10.4
6.0
10.8
57
i
I
1
I.
I
i
1
1
1
1
1.
1
1
0
0
0
1
i
1
1
l
i
!
1
0
0
1
1
i
1
1
i
i
1
1
1
1
1
l
1
t
!0.3
10.2
*.s
10. 1
in, 6
11.0
10.7
11.3
ll.'t
11.5
!...(»
1
t
!
1
1
1
I
11.6
11.0
10.9
1U.H
10.0
9.9
9.7
i
°.5
i
1
1
I
v.7
9.2
U. 7
9.!>
1
l.Z
\
2.:;
1
1
1
I
I
}
1
1
1
i
1
1
@FedFRASER