Full text of H.6 Money Stock Measures : September 11, 1981

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

Table 1

1 1 , 1981

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

M2

Addenda:

M1-B
Shift adjusted

M3

L

MI-Bplus
Date

Currency plus
demand
deposits
plus travelers
checks!

MI-Aplus
other
checkable
deposits
(OCD) 2

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

Overnight RPs
at commercial
banks plus
overnight
Eurodollars4

Money market
mutual fund
shares

NSA

NSA

overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits^

M3 plus other
liquid assets'

382.8
386.4

406.9
411.8

31.7
33.0

80.7
78.2

1633.4
1644.9

1896.7
1911.9

2290.5
2308.1

OCT.
NOV.
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

1927.5
1950.7
1963.5

2325.6
2356.2
2377.4

1981-JAN.
FEB.
BAR.

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

1988.3
20C7.9
2026.1

2408.1
2432.3
2443.7

APfi.
HAY
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

2044.6
2059.0
2076.5

2455.6
2476.7

JULY
AUG.

361.6
361.4

430.3
431.8

420.2
421.4

39.2
41.5

134.3
145.4

1760.5
1778.8

2090.1
2112.7

1981-AUG. 5
12
19
26 P

363.8
363.8
360.3
361.2

433.7
434.3
430.6
432.0

41.5
41.2
40.1
41.4

140.4
142.7
145.2
148.2

SEP1.

360.3

430.9

44.1

150.3

1980-AUG.
SEPT.

WEEK ENDING:

2 P

1/

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHEfi THAN THOSE DUE 10 DOMESTIC BANKS, THE U.S.
GOVERNMENT AND FOEEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND
F.R. FLOAT; (2) CURRENCY OUTSIDE THE TBEAS0RY, F-R. BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND
(3) OUTSTANDING TBAVELEBS CHECKS OF NONBANK ISSUEBS.
2/ NOW AND ATS BALANCES AT BANKS AND THRIFT INSTITUTIONS, CfiEDIT UNION SHARE DBAFT BALANCES AND DEMAND
DEPOSITS AT THBIFT INSTITUTIONS. M1-B HILL DIFFEB FROM THE SOH OF COMPONENTS PBESENTED IN SUBSEQUENT
TABLES BY A CONSOLIDATION ADJUSTMENT THAT BEPBESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BY 1HBIFI
INSTITUTIONS AX COMMEBCIAL BANKS—AND INCLUDED IN Ml-A—THAI ABE ESTIM/.TED TO BE USED IN SEBVICING
THRIFT OCD LIABILITIES.
3/ M1-B SHIFT ADJUSTED ABSTBACTS FROM SHIFTS IN 1981 INTO OCD FROM SOUBCES OIHEB THAN DEMAND DEPOSITS. 1HE
PORTION OF NOT SEASONALLY ADJUSTED OCD FLOWS ASSOCIATED WITH SHIFTS FROM OUTSIDE DEMAND DEPOSITS IS ASSUMED
TO BE 22'. 5 PERCENT IN JANUARY AND 27.5 PEBCENT IN SUBSEQUENT MONTHS. FOB DETAILS OF THE ADJUSTMENT PROCEDURE, SEE "REVISIONS IN THE HONEY STOCK," FEDEBAL RESERVE BULLETIN, .TULY 1981.
4/ OVERNIGHT (AND CONTINUING CONTBACT) RPS ARE THOSE ISSUED BY COMMEBCIAL BANKS TO THE NONBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBEB 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. M2 WILL DIFFER FBOM 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.
6/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMEBCIAL BANKS AND IHBIFT 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, SHOBT-IEBM TBEASURY
SECURITIES, COMMEBCIAL PAPER, BANKERS ACCEPTANCES AND TEBM EURODOLLARS 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 ABE OFTEN HIGHLY VOLATILE AND SUBJEC'I TO BEVISION 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

Date

Currency plus
demand
,
deposits
plus travelers
checksi

M1-B

M1-B
Shift adjusted

MI-Aplus
other
checkable
deposits
(OCD) 2

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

M2

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars4

Money market
mutual fund
shares

NSA

NSA

M3

L

M1 Bplus
overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits^

M3 plus other
liquid assets'

381.1
386.6

405.4
412.3

31.7
33.0

80.7
78.2

1630.7
1643.3

1891.9
1908.7

2284.8
2303.9

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

1930.5
1951.7
1974.0

2326.-5
2354.1
2384.0

1981-JAN.
FEB.
BAR.

378.9
358.7
358.9

423.5
411.5
417.8

419.8
4 OS. 3
410.1

32.7
31.9
33.3

80.7
92.4
105.6

1683.6
1685.1
1713.4

1993.9
1999.8
2023.6

2411.0
2425.5
2444.5

APE.
MAY
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

2051.1
2052.1
2073.0

2465.3
2472.6

JULY
AUG.

363.7
359.9

433.2
430.3

422.9
419.8

39.2
41.5

134.3
145.4

1765.4
1775.1

2090.7
2106.0

1981-AUG. 5
12
19
26 P

364.2
365.2
359.9
354.5

434.6
436.3
430.1
424.2

41.5
41.2
40.1
41.4

140.4
142.7
145.2
148,. 2

SEPT.

357.6

428.1

44.1

150.3

1980-AOG.
SEPT.

WEEK ENDING:

NOTE:

2 P

SEE TABLE 1 FOR FOOTNOTES.




H.6 (508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates
MIA
Currency plus
demand
deposits
plus travelers
checksi

Date

M1-B

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

M2
MI-Bplus
overnight RPs
and Eurodollars,
MM MF 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

AUG. FROM:

MAY

1981

(3 MONTHS PBEVIOUS)

-3.8

0.3

8.1

10.4

FEB.

1981

(6 MONTHS PBEVIOUS)

-3.2

5.0

9.8

10.4

AUG.

1980

(12 MONTHS PREVIOUS)

-5.6

6.1

8.9

11.4

FOUR WEEKS ENDING:
SEPT.
FBOM FOUR WEEKS ENDING:

2,

1981

JUNE

3,

1981

( 1 3 SEEKS PBEVIOUS)

-3.2

1.3

MAR.

4,

1981

(26 SEEKS PBEVIOUS)

-3.2

4.5

SEPT.

3,

1980

( 5 2 SEEKS PREVIOUS)

-5.8

6.0

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 otherw'se noted
Other
checkable
deposits4

Overnight
(net)*

Overnight
Eurodollars 8

NSA

NSA

Money
market
mutual
funds 7

Savings deposits
at
at
thrift
commercial
total
banks
institutions

Small denomination time deposits8

Currency1

Demand
deposits2

113.4
113.8

265.4
268.6

3.9
4.0

24.2
25.5

27.9
29.3

3.8
3.7

80.7
78.2

189.0
190.1

215.6
217.9

404.6
407.9

273.5
275.2

440. 1
442.9

713.6
718.1

OCT.
MOV.
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

44 6.3
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

376.5
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
169.7
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.

120.9
121.1

236.6
236.1

4.1
4.2

69.0
70.7

32.3
33.7

6.9
7.8

134.3
145.4

164.6
160.7

184.3
180.7

349.0
341.3

325.9
334.4

485.6
488.2

811.6
822.6

Data

1980-AUG.
SEPT.

Travelers
checks3

RPs

at

at

commercial
thrift
banks
Institutions

total

NSA

WEEK ENDING:

1981-AUG.

5
12
19
26 P

121.2
121.1
121.1
121.2

238.5
238.5
235.0
235.8

70.2
70.8
70.6
71.1

33.2
33.0
32.3
34.4

8.3
8.1
7.9
7.0

140.4
142.7
145.2
148.2

162.7
161.8
160.9
159.9

330.0
333.3
334.7
336.1

SEP1.

2 P

120.8

235.3

70.9

36.4

7.7

150.3

158.9

337-6

CURRENCY OUTSIDE THE U.S. TREASURY, F.fi. 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.
3/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
V INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION ShAflE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M1-B SEASONALLY ADJUSTED LESS M1-A SEASONALLY ADJUSTED, PLUS
THE M1-B CONSOLIDATION COMPONENT.
5/ INCLUDES OVFRNIGHT 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 CF 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 iriAN $100,000.

V

2/




H.6 (508)
Table 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Simons or oonars, seasonally aa usiea unless oinerwise noiea

Large denomination time deposits 1
at commercial
at thrift
bank$2
total
institutions

Date

1980-AUG.
SEPT.

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
paper7

191.4
194.1

38.2
39.2

229.6
233.4

27.2

26.4

6.6
7.2

33.8
33.6

48.3
45.1

73.2
73.0

146.6
149.9

28.8
29.7

96.8
98.5

OCT.
NOV.
DEC.

196.8
202.8
212.5

41.0
42.6
44.2

237.7
245.4
256.8

27.9
28.7
28.9

7.8
8.1
8.4

35.7
36.8
37.3

45.2
46.3
48.4

72.8
72.6
72.3

150.6
155.5
160.5

30.6
31.3
32.5

98.9
£9.8
100.2

1981-JAN.
FEB.
MB.

222.5
227.3
224.3

45.5
46.6
46.7

268.0
273.9
271.0

31.0
30.3
28.3

8.4
8.1
6.2

39.4
38.3
36,5

50.2
52.2
52.2

71.9
71.1
70.7

165.5
169.8
164.2

33.0
32.0
33.0

99.2
99.4
97.6

APR.
MAY
JUME

222.6
229.5
239.1

46.9
47.8
48.2

269.5
277.2
287.3

28.3
29.2
30.1

8.8
9.2
9.8

37,. 1
38.4
39.9

52.6
57.0

70.4
69.9

156>. 9
156.2

34.6
35.7

96.5
96.8

JULY
AUG.

241.8
247.5

48.5
49.1

290.3
296.6

28.6
25.9

10.6
11.5

39.2
37.3

WEEK ENDING:

1981-AUG.

5
12
19
26 P

246.2
246.7
246.8
247.2

26.8
26.1
25.6
25.0

SEPT.

2 P

249.7

26.2

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

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 HITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS.
TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL
FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY THE NONBANK PUBLIC LESS SUCH
SECURITIES HELD BY HONEY 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
Data

1980-AUG.
SEPT.

Currency1

at member
banks*

Damand deposits
at foreignat domestic
related
nonmambar
banking
banks3
offlcaa
In the U.S.4

Othe r checkable de|)OSltS

total

Travelers
checka*

at
commercial
banks6

at thrift
Institutions7

total

Overnight
RPa(natp

Overnight Money market
Eurodollars9 nutual funds10

113.7
113.7

169.1
173.0

88.1
89.8

5.8
5.8

263.0
268.6

4.4
4.3

17.7
18.7

6.8
7.1

24.4
25.9

27.9
29.3

3.8
3.7

80.7
78.2

OCT.
HOV.
DEC.

114.9
116.7
118.4

175.6
175.4
177.0

91.5
92v8
93.0

5.7
5.3
5.4

272.6
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.
BAR.

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
4.6

80.7
92.4
105.6

APR.
HAY
JOKE

118.4
119.3
119.9

156.2
148.0
149.1

85.7
82.8
82.6

4.6
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

67.5
65.3
67.6

29.3
31.8
33.3

5.0
6*5
6.4

117.1
118.1
122.8

JULY
AUG.

121.5
121.4

150.5
147.8

82.0
80.8

5.1
5.4

237.6
234.0

4.7
4.5

55.7
56.4

14.0
14.3

69.7
70.7

32.3
33.7

6.9
7.8

134.3
145.4

HEEK ENDING:

1981-AUG.

5
12
19
26 P

121.7
122.6
121.7
120.5

150.7
151.0
147.1
145.3

81.8
81.9
81.0
79.2

5.3
5.1
5.8
5.5

237.8
238.1
233. 9
229.9

56.4
57.0
56.3
55.8

14.4
14.5
14.2
14.1

70.8
71.4
70.5
69.9

3 3,. 2
33.0
32.3
34.4

8.3
8.1
7.9
7.0

140.4
142.7
145.2
148.2

SEPT.

2 P

120.2

146.8

80.4

6.1

233.2

56.4

14.4

70.8

36.4

7.7

150.3

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

CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAUL1S OF COMMERCIAL BANKS.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS# THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT 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 H E M S IN THE PROCESS OF COLLECTION AT NONMEMBER BANKJ.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
NOW AND ATS BALANCES AT BANKS.
NOW AND ATS BALANCES AT SAVINGS AND LOANS AND MUTUAL SAVINGS BANKS, 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 AMOUNIS HELD BY MONEY
MARKET MUTUAL FUNDS.
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL MONEY MARKE1 MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Small denomination time deposits1
at savings
at mutual
at
and loans
savings banks
credit unions

Savings deposits
at commercial
banks

Date

at savings
and loans

at mutual

at

savings banks

credit unions

total

at commercial
banks

total

190.3
191.0

115.8
117.5

56.4
56.8

45.5
4b. 0

408.0
411.4

272.1
273.8

33a. 5

339.8

85.8
86.2

12.6
12.7

709*0
712.5

0CTNOV.
DEC.

192.2
190.7
183.7

117.0
113.8
108.9

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

1981-JAN.
PEB.
HAB.

176.3
171.9
171.3

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
16.3

776.4
787.7
794.8

APR.
MAY
JUNE

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
35*. 7
355.4

313.3
318.1
323.6

368.5
366.6
369.4

94.5
94.8
35.6

18.9
19.6
20.3

795.2
801.0
808.9

JULY
AUG.

166.1
162.0

97.6
95.1

49.1
48.1

40.0
39.1

352.8
344.3

325.6
332.7

367.7
367.3

95.8
96.0

20.8
21.3

809.9
817.4

1980-AOG.
SEP1.

WEEK ENDING:

1981-AUG.

5
12
19
26 P

163.9
163.1
162.0
160.9

328.8
331.7
333.1
334.2

SEPI.

2 P

159.8

335.6

1/

'

SMALL DENOMINA1ION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS Of LESS THAN $100,000.




H.6 (508)
Table 3A-continued

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

Date

Large denomination time deposits1
at
at mutual
at savings
commercial
savings
total
bank$2
and loans
banks

Term RPs3
at
commercial
banks

at thrift

total

institutions

Term
Eurodollars
(net)4

Savings
bonds

Short-term » Bankers
Commercial
paper7.
Treasury
acceptances6
securities^

188.5
191.8

35.0
35.9

4.0
4.1

227.4
231.8

27.2
26.4

6.6
7.2

33.8
33.6

48.3
45.1

73.2
73,1

146.9
150.2

28,8
30.0

95.6
96.8

OCT.
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

27.9
28.7
28.9

7.8
8.1
8.4

35.7
36.8
37.3

45.2
46.3
48.4

73.0
72.9
72-7

149.0
151.6
157.5

30.8
31.3
31.4

98.1
100.3
100.0

1981-JAN.
FEB.
NAB.

225.8
230.5
227.7

40.4
41.1
41.3

4.6
4.7
4.7

270.8
276.3
273.8

31.0
30.3
28.3

8.4
8.1
8.2

39.4
38.3
36.5

50.2
52.2
52.2

71.9
71.1
70.6

163.5
168.8
166.0

32.1
33.3
33.9

99.3
100.4
98.2

APR.
HAY
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

28-3
29.2
30.1

8.8
9.2
9.8

37.1
38.4

70.1
69.7

39.9

52.6
57.0

160.2
160.6

34.7
35.4

96.6
97.7

JULY
AUG.

236.8
243.5

44.0
44.5

5.3

286.0
293.5

28.6
25.9

10.6
11.5

39.2
37.3

1980-AUG.
SEPT.

5.5

WEEK ENDING:

1981-AUG.

5
12
19
26 P

241.3
242.7
243.2
244.1

26.8
26.1
25.6
25.0

SEP1.

2 P

246.5

26.2

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

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE.
LAEGE 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 ABE THOSE H U H 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
SECURI1IES 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
Bill tons of dollars, not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

foreign official
institutions

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

demand deposits at
Federal Reserve
commercial banks
Banks

11.1
11.5

2.4
2.9

12.5
12.7

3.3
2.9
3.0
3.4
3,7

11.6
11.5
11.5

1981-JAN.
FEB.
BAB.

12.0
12.9
12^1

3.5
3.6
3.4

APR.
HAY
JUNE

12.4
12.4
13.0

JULY
AOG.

1980-AUG.
SEPT.

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

6.5
11.0

12.3
17.1

0.8
0.8

2.8
2.5
2.8

3.3
3.3
3.2
3.0
2.7

9.7
4.1
6.3

15.8
9.6
11.7

0.8
0.8
0.8

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

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

12.7
12.8

3.3
3.3

10.6
10.2

2.9
2.7

3.1
3,2

7.9
4.8

13.9
10.7

0.8
0.8

11.7
11.6

OCT.
MOV.
DEC.

U.S. government deposits
note balances at
commercial
banks and thrift
institutions

11.9

WEEK ENDING:
1981-AUG.

5
12
19
26 P

13.0
12.7
13,2
13.3

3.0
3.5
3.4
3.3

10.1
10.1
10.2
10.2

3.3
2.5
3.2
2.4

3.0
3.6
3.0
3.1

6.9
3.1
3.6
6.5

13-2
9.2
9.8
12.0

0.8
0.8
0.8
0.7

SEPT.

2 P

11.6

3.1

10.4

2.3

3.4

4.1

9.8

0.7




SPECIAL SUPPLEMENTARY TABLE
Variable Ceiling Time Deposits at All Insured
Commercial Banks and All Mutual Savings Bank
June 24, 1981, July 29, 1981, and August 26, 1981
(Not Seasonally Adjusted) 1

Insured Commercial Banks
June 24
July 29
August 26

June 24

Mutual Savings Bank
July 29
August 26

Amount Outstanding:
(millions of dollars)
6-month money market certificates^
(Standard error of the estimate)
2-1/2 year and over variable ceiling
certificates3
(Standard error of the estimate)

211,180
(1,697)
36,721
(957)

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

224,926
(2,247)
39,438
(947)

53,600
(608)
13,680
(517)

55,812
(619)
13,292
(383)

14,352

14,324

14,352

97.7

54,216
(1,472)
14,887
(263)

14,315

457

455

454

14,324

14,315

457

455

454

96.29

78.04

98.1

98.05

78.86

Number of Offering Institutions:
6-month money market certificates^
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

1/ Estimates for July are based on data collected by the Federal Reserve and the FDIC from a stratified random sample
of 551 banks and 102 mutual savings banks.
2] Money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or more with original
maturities of exactly 26 weeks for which the maximum 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.