Full text of H.6 Money Stock Measures : September 25, 1981

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FEDERAL RESERVE statistical release
For Immediate Release
H.6 (508)
SEPT. 2 5 , 1 9 8 1

Table 1

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

Addenda:

M1-B
Shift adjusted

M2

M3

L

MI-Bplus
Date

Currency plus
demand
deposits
plus travelers
checks^

MI-Aplus
other
checkable
deposits
(OCD)2

Mi-Bless
Overnight RPs
shifts to OCD at commercial
from
banks plus
non-demand
overnight
deposit
Eurodollars4
•ources^
NSA

Money market
mutual fund
shares
NSA

overnight RPs
and
M2 plus large
Eurodollars,
time deposits
MMMF shares, and term RPs6
and savings
and small
time deposits5

M3 plus other
liquid assets'

382.8
386.4

U06.9
411.8

31.7
33.0

80.7
78.2

1633.4
1644.9

1897.4
1912.8

2291.3
2309.0

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

1928.3
1951.0
1965.1

2326.0
2355.6
2378.4

1981-JAN.
FEB.
MAR.

375.1
367.2
365.8

419.2

415.5

421.2
425.8

415,0
418.0

32.7
31.9
33.3

80.7
92.4
105.6

1680.8
1695.7
1718.6

1989.3
2009.1
2027.2

2408.7
2433.6
2445.3

APP.
HAT
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

JOLT
AOG.

361.3
362.2

430.1
432.8

419.9
422.3

39.2
40.9

134.3
145.4

1760.2
1779.0

2094.1
2119.5

363.9
364.0
360.6
361.6

433.8
434.5
431.1
432.6

41.5
41.2
40.1
41.4

140.4
142.7
145.2
148.2

360.9
359.8
360.9

431.8
432.7
433.7

40.2
37.6
39.1

150.3
152.8
156.2

1980-AOG.
SEPT.

WEEK ENDING:
1981-AUG.

5
12
19
26

SEPT. 2
9 P
16 P

1/

INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE O.S.
GOVERNMENT AND POPEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND
F.R. FLOAT; (2) C0RRENCT OUTSIDE THE TREASORT, F.R. BANKS AND THE VAULTS OF COHHEHCIAL BANKS; AND
(3) OUTSTANDING TRAVELERS CHECKS OF NONBANK ISSUERS.
2/ NOI AND ATS BALANCES AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND
DEPOSITS AT THRIFT INSTITUTIONS. H1-B RILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT
TABLES BT A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BT THRIFT
INSTITUTIONS AT COMMERCIAL B A N K S — A N D INCLUDED IN M1-A--THAT ARE ESTIMATED TO BE USED IN SERVICING
THPIFT OCD LIABILITIES.
3/ H1-B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO OCD FROfl SOUSCBS OTHER THAN DEMAND DEPOSITS. THE
PORTION OF NOT SEASONALLT ADJUSTED OCD FLOHS ASSOCIATED IITH SHIFTS FROM OUTSIDE DEMAND DEPOSITS IS ASSUMED
TO BE 22.5 PERCENT IN JANUART AND 27.5 PERCENT IN SUBSEQUENT MONTHS.
FO* DETAILS OF THE ADJUSTMENT PROCEDURE, SEE "REVISIONS IN THE MONET STOCK," FEDERAL RESERVE BULLETIN, J'JLf 1981
4/ OVERNIGHT (AND CONTINUING CONTRACT) RPS ARE THOSE ISSUED BT COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND
OVERNIGHT EURODOLLARS ARE THOSE ISSUED BT CARIBBEAN BRANCHES OF MEMBER BANKS TO O.S. NONBANK CUSTOMERS.
5/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS IN AMOUNTS OF LESS THAN $100,000)
ISSUED BT COMMERCIAL BANKS AND THRIFT INSTITUTIONS.
H2 BILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED
IN SUBSEQUENT TABLES BT A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE AMOUNT OF DEMAND DEPOSITS HELD BT
THRIFT INSTITUTIONS AT COMMERCIAL BANKS.
6/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BT COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF
$100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONET 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 TREASURT
SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TEBM EURODOLLARS NET OF MONET MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DATA.
SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING fEEK-TO-IEEK CHANGES IN
MONET SUPPLT DATA, «HICR ARE DFTEN HISHLT VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIBTNAPT DATA APE SUBJECT TO iBEKLT REVISIONS UNTIL THET ARE FINAL.




H.6 (508)
Table 1A

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
M1-A

Date

1980-AOG.
SEPT.

Currency plu«
demand
deposits
plus travelers
checks1

M1-B

M1-A plus
other
checkable
deposits
(OCD) 2

M2

Addenda:

M1-B
Shift adjusted

M1-B less
Overnight RPt
shifts to OCD at commercial
from
banks plus
non-demand
overnight
deposit
Eurodollars4
sources3
NSA

NSA

405.4
412.3

31.7
33.0

80.7
78.2

OCT.
HO?.
DEC.

391.7
394.1
397.7

418.4
421.9
425.9

32.7
32.8
32.4

77.4
77.0
7S.8

1981-JAN.
FEB.
F!AP.

378.9
358.7
358.9

423.5
411.5
417.8

419.8
405.3
410,1

32.7
31.9
33.3

APP.
HAY
JUNE

369.5
359.4
361.1

436.7
424.4
428.4

426.9
415,1
418.7

JULY
AUG.

363.5
360.8

432.9
431.3

422.7
420.7

364.3
365.3
360.2
355.0
358.2
363.5
365.9

SEPT. 2
9 P
16 P

NOTE:

M3 plus other
liquid assets'

1892.6
1909.6

2285.5
2304.8

1657.5
1666.9
1675.2

1931.4
1952.0
1975.6

2327.0
2353.6
2385.0

80.7
92.4
105.6

1683.6
1685.1
1713.4

1994.9
2000.9
2024.8

2411.5
2426.8
2446.1

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

39.2
40.9

134.3
145.4

1765.1
1775.4

2094.7
2112.8

434.7
436.5
430.6
424.9

41.5
41.2
40.1
41.4

140.4
142.7
145.2
348.2

429.1
437.3
439.9

40.2
37.6
39.1

150.3
152.8
156.2

SEE TABLE 1 POP FOOTNOTES.




L

1630.7
1643.3

WEEK ENDING:
1981-AUG. 5
12
19
26

M1-B plus
overnight RPs
and
M2 plus large
Eurodollars.
time deposits
MMMF shares, and term RPs^
and savings
and small
time deposits5

Money market
mutual fund
shares

381.1
386.6

M3

.

H.6 (508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates
M1-A
Currency plus
demand
deposits
plus travelers
checksi

Date

M1-B

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

M2
MI-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

AUG. FROM:

HAY

1981

(3 HONTHS PREVIOUS)

-3.0

1.2

8.2

11.4

FEB.

1981

(6 HONTHS PREVIOUS)

-2.7

5.5

9.8

11.0

AUG.

1980

(12 HONTHS PREVIOUS)

-5.4

6.4

8.9

11.7

F03R WEEKS ENDING: SEPT. 1 6 r
FROM FOUP WEEKS ENDING:

1981

JUNE

17,

1981

(13 WEEKS PREVIOUS)

-1.8

3.2

HAP.

18r

1981

(26 WEEKS PREVIOUS)

-2.9

3.9

SEPT.

17,

1980

(52 WEEKS PREVIOUS)

-6.4

5.5

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6(508)
Tablt 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Travelers
checks3

Other
checkable
deposits4

Overnight
RPs
(net)»

Overnight
Eurodollar^

Money
merket
mutual
funds7
NSA

Savings deposits
st
st
commercial
thrift
banka
Institutions

Small denomination time deposit!1
at
at
total
commercial
thrift
banks
Institutions

Currency1

Demand
deposits'

NSA

NSA

113.4
113.8

265.4
268.6

3.9
4.0

24.2
25.5

27.9
29.3

3.8

80.7
78.2

189.0
190.1

215.6
217.9

404.6
407. 9

273.5
275.2

440.1

3.7

442.9

713.6
718.1

OCT.
NOV.
DEC.

114.9
115.7
116.1

271.2
271.6
267.4

1.0
1.1
1.2

26.3
27.9
28.1

28.3
28.1
27.9

4.4
4.7
4.5

77.4
77.0
75.8

19J.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.
HiR.

116.6
117.2
117.9

25.4.4
245.8
243.5

1.2
1.2
1.4

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.
MAT
JURE

118.9
119.8
119.9

243.1
240.7
237.9

(.6
1.4
».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

JOLT
AUG.

120.8
121.2

236.4
236.7

».1
1.3

69.0
70.8

32.3
33.1

6.9
7.8

134.3
145.4

164.7
160.6

184.4
180.7

349.0
341.3

325.9
334.4

485.6
488.1

811.5
822._5

5
12
19
26

121.2
121.1
121.2
121.3

238.5
238.5
235.0
235.8

70.2
70.8
70.7
71.3

33.2
3S.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
160.8
159.7

330.0
333.3
334.7
336.1

2
9 P
16 P

120.9
121.5
121.3

235.7
234.0
235.5

71.2
73.2
73.1

32.5
30.8
32.3

7.7
6.8
6.8

150.3
152.8
156.2

158.8
158.3
158.0

337.'6
338.7
339.7

Date

1980-AUG.
SEPT.

total

VEER ENDING:

1981-&0G.

SEPT.

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

CURRENCY OUTSIDE THE O.S. TFFASURY, P.B. BANKS AND VAULTS OF COMMERCIAL BANKS.
DEHAND DEPOSITS AT COMMERCIAL BANKS AND FOREI3N 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.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OP NONBANK ISSUERS.
INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEHAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS H1-B SEASONALLY ADJUSTED LESS H1-A SEASONALLY ADJUSTED, PLUS
THE H1-B CONSOLIDATION COMPONENT.
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 BPANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS.
TOTAL HONEY MARKET MUTUAL FUND SHARES OUTSTANDING.
SHALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LFSS THAN $100,000.




H.6 (508)
Table 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
billions OT aoiiars, seasonally aa usiea unless omerwise noiea
Large denomination time deposits 1
at commercial
Date
at thrift
banks2
institutions
total
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

27.9
27.3

6.6
7.2

34.5
34.5

48.3
45.1

73.2
73.0

146.7
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

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

165.1
169.9
164.6

33.0
32.0
33.0

99.2
99.4
97.6

APB.
MAY
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.

241.8
247.6

48.5
49.2

290.4
296.8

30.6
28.5

12.9
15.2

43.5
43.7

WEEK ENDING:

1981-AUG.

SEPT.

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

5
12
19
26

246.2
246.7
246.9
247.4

29.1
28.6
28.4
28.0

2
9 P
16 P

250.0
249.9
246.9

28.3
28.9
28.8

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 CONTRACTS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY HONEY 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
Billions of dollars, not seasonally adjusted
Date

1

Currency

at member
banks2

Demand deposits
at foreignrelated
at domestic
banking
nonmember
3
offices
banks
in the U.S.4

Other checkable deposits

total

Travelers
checks5

at
commercial
banks6

at thrift
institutions7

total

Overnight
RPs (net)*

Overnight Money market
Eurodollars* mutual 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.
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.
PEB.
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

t.O
1.0

35.7
42.9
48.0

9.1

10.1
11.1

4 4.8
53.0
59.2

27.5
27.0
28.7

5.2
4.9
4.6

80.7
92.4
105.6

APR.

156.2
148.0
149.1

85.7
82.8
82.6

4.8

JUNE

118.4
119.3
119.9

5.1
5.3

246.8
235.9
237.0

(1 . 2
I».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
S.4

117.1
118.1
122.8

JULY
A06.

121.4
121.5

150.4
148.1

81.9
80.9

5.1
5.6

237.4
234.5

l».7

55.7
56.5

14.0
14.4

69.7
70.8

32.3
33.1

6.9
7.8

134.3
145.4

26

121.7
122.6
121.8
120.5

150.7
151.0
147.1
145.3

81.8
81.9
81.0
79.1

5.3
5.1
5.8
5.5

237.8
238.1
233.9
229.9

56.4
57.0
56.4
56.0

14.5
14.5
14.2
14.2

70.8
71.5
70.6
70. 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

2
9 P
16 P

120.3
123.0
121.4

147.0
. 148.6
152.0

80.4
82.4
82.9

6.1
5.1
5.3

233.5
236.1
240.2

56.6
58.8
59.1

14.5
15.3
15.2

71.1
74.1
74.2

32.5
30.8
32.3

7.7
6.8
6.8

150.3
152.8
156.2

1980-AUG.
SEPT.

MAY

».2
1.3

1.7

WEEK ENDING:
1981-A0G.

SEPT.

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

5
12
19

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 FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN.THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
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 OVFRNIGHT 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. HEHBEP HANKS TO U.S. NONBANK CUSTOMERS.
TOTAL HONEY HAPKET MUTUAL FUND SHARES OUTSTANDING.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonalhj 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 mutual
at
at savings
savings banks
credit unions
and loans

, total

115.8
117.5

56.4

408.0
411.4

272-1
273.8

85.8

56,8

45.5
46.0

338.5

191.0

339.8

86.2

12.6
12.7

709.0
712.5

OCT.
NOV.
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

1981-JAN.
PEB.
MAR.

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
167.9
369.3

93.3
94.1
94.7

16.5
17.4
18.3

776.9
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
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

JOLY
AUG.

166.1
161.9

97.6
95.2

49.1
48.1

40.0
39.1

352,8
344.3

325.6
332.7

367.6
367.2

95.8
96.0

20.8
21.3

809.8
817.3

190.3

1980-AOG.
SSPT.

1

WEEK ENDING:

1981-AOG.

5
26

163.9
163.1
162.0
160.8

328,8 ,
331.7
333.1
334.2

2
9 P
16 P

159.7
159.5
158.8

335.7
336.8
337.8

12
19

SEPT.

1/

SHALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.




755.2

H.6 (508)
Table 3A—continued

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

1980-AUG.
SEPT.

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

Term RPs3
at
commercial
banks

at thrift
institutions

total

Term
Eurodollars
(net)4

Savings
bonds

Commercial
Short-term f Bankers
Treasury
acceptances6
paper7
securities5

188.5
191.8

35.0
35.9

4.0
4.1

227.4
231.8

27.9
27.3

6.6
7.2

34.5
34.5

48.3
45.1

73.2
73.1

147.0
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

28.7
29.0
30.5

7.9
8.1
8.5

36.5
37.1
3 8.9

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.
MAR.

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
168.9
166.4

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

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
69.7
69.4

160.9
161.9
162.4

34.7
35.4
36.2

96.6
100.0
99.9

JULY
AU<?.

236.7
243.7

44.0
44.6

5.3
5-5

286,1
293.8

30.6
28.5

12.9
15.2

43.5
43.7

WEEK ENDING:
1981-AUG.

SEPT.

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

5
12
19
26

241.3
242.7
243.4
244.4

29.1
28.6
28.4
28.0

2
9 P
16 P

246.9
246.5
243.3

28.3
28.9
28.8

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 HONEY MARKET MUTUAL PONDS AND THHIFT
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 HONEY MARKED? HUTUAL
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 HONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 4

MEMORANDA ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
foreign commercial
banks

Date

1980-AUG.
SBPT.

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

11.7
11.6

3.3
2.9

11.1
11.5

2.4
2.9

3,3
3.3

6.5
11.0

12.3
17.1

0.8
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
6.3

15.8
9.6
11.7

0.8
0.8
0..8

1981-JAN.
FEB.
MIR.

12.0
12.9
12.1

3.5
3.6
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

APR.
HAY
JONE

12.4
12.4
13.0

3.8
3.3
3.5

11.0
11.2
11.2

3.9
3.0
3.3

3.4
3.3
3.0

8.3
9.5
9.1

15.6
15.8
15.4

0.7
0.7
0.8

JULY
AUG.

12.7
12.8

3.3
3.3

10.6
10.2

2.8
2.7

a. 1
3.2

7.9
4.8

13.8
10.7

0.8
0.8

5
12
19
26

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

2
9 P
16 P

11.6
12.8
12.7

3.1
4.1
3.4

10.4
10.3
10.2

2.3
3.1
4.2

3.4
2.8
3,.O

4.1
1.9
4.9

9.8
7.8
12.1

0.7
0.8
0.7

OCT.
NOV.
DEC.

WEEK ENDING:
1981-AOG.

SEPT.







10
REVISED HISTORICAL SERIES ON
M3 and L
(Monthly averages; Billions of dollars)

SEASONALLY ADJUSTED

DATE
M3
1978

.JAN

FEE
MAR
APR
MAY
JUN
•JLY

AUG
SEP
OCT
NOV
DEC
1979

JAN

FEE
MAR
APR
MAY
JUN
JLY
AUG
SEP
OCT
NOV
DEC
1980

JAN
FEE

MAR
APR
MAY
JUN
JLY
AUG
SEP
OCT
NOV
DEC

L

SHORT TERM
TREAS SEC.

1474.4
1485.7
1500.6
1514.6
1531.5
1541.3
1553.5
1569.1
1584.2
1592.9
1611.7
1625.9

1739.0
1754.5
1771.8
1789.5
1809.9
1824.2
1840.1
1858.8
1876.8
1889.2
1915.6
1936.8

91.3
91.7
91.6
91.7
91.9
92.8
93.6
94.2

1636.4
1648.3
1661.0
1674.9
1686.9
1701.8
1715.2
1731.9
1751.5
1760.6
1765.9
1775.6

1953.5
1970.7
1991.6
2013.0
2034.5
2062.5
2079.7
2097.3
2121.4
2133.2
2141.1
2151.7

101.6
103.3
108.7
113.5
120.0
128.9
127.9
121.8
122.9
124.7
126.6
129.3

1792.0
1811.5
1819.1
1817.5
1833.5
1852.6
1873.6
1897.4
1912.8
1928.3
1951.0
1965.1

2175.3
2199.5
2210.9
2218.8
2232.1
2246.6
2264.4
2291.3
2309.0
2326.0
2355.6
2378.4

132.4
134.2
138.3
146.3
148.6
145. 1
143.5

96. 6
97.0
97.4
99.6

146.7
149.9
150.2

154.6
159.9

11

REVISED HISTORICAL SERIES ON
M3 and L
(Monthly averages; Billions of dollars)

NOT SEASONALLY ADJUSTED

DATE
M3

TERM RP'S
AT CB'S

TERM RP'S
AT S&L'S

TERM RP'S
TOTAL

L

SHORT TERM
TREAS SEC.

1978

JAN
FEB
MAR
APR
MAY
JUN
JLY
AUG
SEP
OCT
NGV
DEC

1478.5
1477.3
1498.0
1521.1
1526.9
1540.9
1557.0
1566.4
1582.2
1595.8
1611.9
1634.8

16.6
17.1
18.0
17.8
18.5
16.8
17.5
18.9
18.6
19.2
20.6
21.6

3.9
4.0
4.2
4.6
5.0
5. 1
5.2
5.3
5.4
5.6
5.8
6. 1

20.5
21. 1
22.2
22.3
23.5
21.9
22.7
24.2
24.0
24.8
26.4
27.7

1742.5
1747.5
1771.1
1797.5
1807.3
1823.8
1842.4
1855.5
1873.9
1891.4
1914.8
1943.9

91.0
91.9
92.8
93.2
93.4
92.8
92.5
94.3
96.7
96.5
95.7
98.4

1979

JAN
FEB
MAR
APR
MAY
JUN
JLY
AUG
SEP
OCT
NOV
DEC

1640.5
1638.8
1657.6
1680.6
1680.3
1700.2
1718.0
1728.5
1749.1
1763.6
1767.2
1786.0

21.2
22.0
22.8
23.7
25.7
26.3
25.5
25.5
26.7
26.0
23.9
24.1

6.1
5.8
5.7
5.9
6. 1
6.4
6.8
7.0
7.3
7.0
6.7
6.6

27.3
27.8
28.6
29.6
31.8
32.7
32.2
32.5
33.9
33. 1
30.6
30.7

1956.2
1962.6
1990.3
2020.7
2031.2
2061.8
2081.0
2093.1
2117.9
2134.8
2140.4
2159.4

100.8
103.0
109.8
115.6
122.7
129.7
126.9
122. 1
123.2
123.7
123.8
127.2

1980

JAN
FEB
MAR
APR
MAY
JUN
JLY
AUG
SEP
OCT
NOV
DEC

1797.1
1801.9
1815.9
1823.5
1827.1
• 1850.1
1875.6
1892.6
1909.6
1931.4
1952.0
1975.6

24.0
24. 1
22.6
22.9
23.0
23.5
24.9
27.9
27.3
28.7
29.0
30.5

6.5
6. 6
6.7
6.6
6.4
6.4
6.5
6.6
7.2
7.9
8.1
8.5

30.5
30.6
29.2
29.5
29. 4
30. 0
31.4
34.5
34.5
36.5
37. 1
38.9

2178.3
2191.3
2210.5
2227.6
2230.0
2245.9
2264.8
2285.5
2304.8
2327.0
2353.6
2385.0

131.0
133.6
139.8
149.2
152.5
146.7
142.7
147.0
150.2
148.5
150.8
156.3




H.6

(508)

12

TERNtf*AT COMMERCIAL BANKS
Billions of dollars, not seasonally adjusted

1980

J979

£78

ML

JAN.

3
10
17
24
31

20.9
20.5
21.0
21.7
21.9

JAN.

2
9
16
23
30

26.6
23.4
23.9
23.9
24.8

FEB.

7
14
21
28

21.4
22.6
21.3
22.5

FEB.

6
13
20
27

23.7
26.2
23.7
23.5

MAR.

7
14
21
28

22.0
23.0
23.1
23.4

MAR.

5
12
19
26

23.2
23.6
21.2
22.5

17.3
16.9
17.7
18.5

APR.

4
11
18
25

22.5
22.5
23.5
24.7

APR.

2
9
16
23
30

22.6
24.5
23.2
22.4
21.7

3
10
17
24
31

18.6
19.3
18.6
18.1
18.2

MAY

2
9
16
23
30

24.8
24.8
26.4
25.5
26.4

MAY

7
14
21
28

23.3
24.2
21.5
22.7

JUNE

7
14
21
28

15.9
16.3
16.5
18.2

JUNE 6
13
20
27

26.9
26.8
25.9
26.2

JUNE 4
11
18
25

23.2
25.6
22.6
23.1

JULY

5
12
19
26

17.8
15.6
17.7
18.4

JULY

4
11
18
25

25.4
23.8
26.6
25.9

JULY

2
9
16
23
30

22.8
23.2
24.8
24.4
27.5

AUG.

2
9
16
23
30

18.6
18.4
18.3
19.3
19.9

AUG.

1
8
15
22
29

25.8
24.7
26.1
25.0
26.1

AUG.

6
13
20
27

27.9
29.2
26.7
27.7

SEPT . 6
13
20
27

18.9
17.5
17.3
20.9

SEPT . 5
12
19
26

26.7
26.5
26.6
27.2

SEPT. 3
10
17
24

27.6
27.7
26.5
26.5

OCT.

4
11
18
25

19.5
17.8
18.4
20.1

OCT.

3
10
17
24
31

26.9
26.5
25.9
25.7
26.0

OCT.

1
8
15
22
29

28.3
27.1
29.4
28.2
30.0

NOV.

1
8
15
22
29

20.4
19.5
19.6
21.3
21.7

NOV.

7
14
21
28

25.2
23.7
23.5
23.4

NOV.

5
12
19
26

29.1
29.0
27.3
28.8

6
13
20
27

21.8
21.6
20.9
22.5

DEC.

5
12
19
26

24.8
23.5
23.6
23.7

DEC.

3
10
17
24
31

32.2
28.1
27.5
29.9
35.6

JAN.

4
11
18
25

16.6
16.0
16.3
17.2

FEB.

1
8
15
22

17.1
16.6
16.5
18.0

1
8
15
22
29

17.3
17.4
17.6
17.8
19.4

APR.

5
12
19
26

MAY

MAR.

DEC.




JAN.

7
14
21
28

31.6
30.1
32.2
33.6

FEB.

4
11
18
25

32.6
32.7
31.7
30.0

MAR.

4
11
18
25

28.9
29.8
28.8
29.0

APR.

1
8
15
22
29

30.1
28.1
28.0
34.0
28.3

MAY

6
13
20
27

28.8
30.1
31.0
31.2

JUNE 3
10
17
24

31.6
32.6
32.3
31.1

JULY

1
8
15
22
29

29.8
35.8
29.2
29.1
28.6

AUG.

5
12
19
26

29.1
28.6
28.4
28.0

SEPT, 2

28.3