FEDERAL RESERVE statistical release

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FEDERAL RESERVE statistical release For Immediate Release Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-A M1-B M1-B Shift adjusted

1 FEDERAL RESERVE statistical release For Immediate Release Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-A M1-B M1-B Shift adjusted Addenda: M2 12, 1981 M3 L Currency plus demand deposits' MI-Aplus other checkable deposits (OCD) 2 M1-B less shifts to OCD from non-demand deposit sources^ Overnight RPs at commercial plus overnight Eurodollars* Money market mutual fund shares M1-B plus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits' M2 plus large time deposits and term RPs^ M3 plus other liquid assets MAY * * * * JULY SEPT * * *6 OCT * * * *0 1941* JAN,. P MAR. P *0 419* * * * APR- P HAY P * * WkiEK ENDING: 1981-HAY * * * * V INCLUDES (1) DEMAND DEPOSITS AT ALL COMHEBCIAL BANKS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE 0-S. GOVEP.NMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.F. FLOAT; AND (2) CURRENCY OUTSIDE THE TREASURY, F.R- BANKS AND THE VAULTS OF COMMERCIAL BANKS. 2/ NOH AND ATS ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS. 3/ M-1B SHIFT ADJUSTED ABSTRACTS FROM SHIFTS IN 1981 INTO OCD FROM SOURCES OTHER THAN DEMAND DEPOSITS. FOR DETAILS OF THE ADJUSTMENT PROCEDURE, SEE THE SUPPLEMENTARY NOTE ON SHIFT ADJUSTMENT CONTAINED IN H.6 RELEASE DATED MAY 29, V OVERNIGHT (AND CONTINUING CONTRACT) RPS ABE THOSE ISSUED BY COMMERCIAL BANKS TO THE NONBANK PUBLIC, AND OVERNIGHT EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES.OF MEMBER 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. H2 KILL DIFFER FROM THE SOM 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 COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF $100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, HONEY MARKET MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. 7/ OTHEB 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 MUXUA1 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 ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL-

2 Table 1A MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted M1-A M1-B M1-B Shift adjusted Currency plus demand deposits' M1-A plus other checkable deposits (OCD) 2 M1-B less shifts to OCD from non-demand deposit sources^ Overnight RPs at commercial plus overnight Eurodollars 4 Addenda: Money market mutual fund shares M2 M1-B plus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits 5 M3 M2 plus large time deposits and term RPs*> L M3 plus other liquid asset;.' 1980-MAY * ' 2241.* JOLT. SEPT. OCT * U a JAN. P HAR. P APR. P HAT P HAI JDNE * NOTE: SEE TABLE 1 FOB FOOTNOTES.

3 Table 2 MONEY STOCK MEASURES AND LIQUID ASSETS Percent change at seasonally adjusted annual rates M1-A Currency plus demand deposits 1 M1-B MI-Aplus other checkable deposits at and thrift institutions 2 M2 MI-Bplus overnight RPs and Eurodollars, MMMF shares, and savings and small time deposits at commercial and thrift institutions 5 M3 M2 plus large time deposits and term RPs at commercial and thrift institutions 6 HAY FROM: FEE (3 MONTHS PREVIOUS) *3 10,9 9-3 NOV (6 MONTHS PREVIOUS) *5 MAY 1980 (12 MONTHS PREVIOOS) FOUR WEEKS ENDING: 3, 1981 FROM FOUR WEEKS ENDING: BAR. 4, 1981 (13 WEEKS PREVIOUS) DEC. 3, 1980 (26 WEEKS PREVIOUS) , 1980 (52 WEEKS PREVIOUS) MOTE: SEE TABLE 1 FOR FOOTNOTES.

Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Currency 1 Demand deposits 2 Other checkable deposits3 Overnight RPs <net)

4 Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Currency 1 Demand deposits 2 Other checkable deposits3 Overnight RPs <net) 4 Overnight Eurodollar Money market mutual funds 6 Savings deposits at at commercial thrift institutions Small denomination time deposits^ at at commercial thrift > institutions 1980-HAY JULY AOG. SEPT * * OCT JAN. P MAR. P * fi APR, P NAY P MAY * « / CURRENCY OUTSIDE THE U.S. TREASURY, P.B. BANKS AND VAULTS OF COMMERCIAL BANKS. 2/ 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 IV THE PROCESS OF COLLECTION AND F..R. FLOAT. 3/ INCLUDES ATS AND NOU BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHABE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS M-1B SEASONALLY ADJUSTED LESS M-1A SEASONALLY ADJUSTED. 4/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED TO THE NONBANK PUBLIC BY COMMERCIAL BANKS, NET OF AMOUNTS HELD BY MONEY MARKET MUTUAL FUNDS. 5/ ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. 6/ TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING. 7/ SMALL DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.

5 Table 3-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions or dollars, seasonally aa usiea uniess ox nerwise noieu Large denomination time deposits 1 at commercial at thrift 2 institutions at commercial Term RP$3 at thrift institutions Term Eurodollars (net)4 Savings bonds Short-term Treasury securities^ Bankers acceptances^ Commercial paper HAY JOLY SEPT * OCT. MOV. P 1981-JAN. P NAB. P APB. P HAY P ^ * MAY * JONE / LAPSE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OB HOBE. 2/ LARGE DENOMINATION TINE DEPOSITJ AT COMMERCIAL BANKS LESS LARGE TIME HELD BY HONEY HARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS- 3/ TERH RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS- 4/ TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY HONEY MARKET MUTUAL # FUNDS. 5/ 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 HONEY HARKET MUTUAL FUNDS. 6/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK SYSTEM, AND MONEY HARKET MUTUAL FUNDS. 7/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY HARKET MUTUAL FUNDS.

6 H.6(508) Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Currency 1 at member 2 Demand deposits at domestic nonmember 3 at foreignrelated banking offices in the U.S.* at. commercial 5 Other checkable deposits at thrift institutions 6 Overnight RPs(net)7 Overnight Eurodollars Money market mutual funds9 1*B0-rtAY , JULY SEP OCT. DEC- P 11U JAN- P MAR.? APR. P MAY P MAY , / CURRENCY OUTSIDE THE 0-S. TREASURY, F..R. BANKS AND THE VAULTS OF COMMERCIAL BANKS. 2/ 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 ABD F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM- 3/ DEMAND DEPOSITS OTHEB THAN THOSE DOE TO DOMESTIC EANKS r THE U-S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH I1EMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS. 4/ DEPOSITS AS DESCRIBED IN FOOTNOTE 3 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT COMPANIES. 5/ NOW AND ATS ACCOUNTS AT BANKS. 6/ NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT BALANCES AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS. 7/ INCLUDES OVERNIGHT UD CONTINUING CONTRACT RP5 ISSUED TO THE NONBANK PUBLIC BT COMMERCIAL BANKS NET OF AMOUNTS HELD BY MONEY MARKET MUTUAL FUNDS- 8/ ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. NONBANK CUSTOMERS. 9/ TOTAL MONEY MARKET MUTUAL FUND SHARES OUTSTANDING.

7 Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS at commercial at savings and loans Savings deposits at mutual savings at credit unions at commercial Small denomination time deposits 1 at mutual savings at savings and loans at credit unions _ 1980-MAY JULY SEPT S R OCX. MOV. P 19 19K * JAN- P MAE. P *3 16, A PL. P MAY P , rtAY / SMALL DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.

8 Table 3A continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Large denomination time deposits 1 at commercial 2 at savings and loans at mutual savings at commercial Term RP$3 at thrift institutions Term Eurodollars (net)4 Savings bonds Short-term Treasury securities^ I Bankers acceptances 6 Commercial paper MAY JULY SEPT a OCT. DEC, P JAN. P MAR, P APR. P HAY P WEEK ENDING: 1981-MAY / LARGE DENOMINATION TIHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR HOPE. 2/ LAHGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS. 3/ TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY AND EXCLUDE CONTINUING CONTRACTS. 4/ TSRN EUPODOLLARS ARE THOSE WITH ORIGINAL MATURITY.GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY MONEY MARKET MUTUAL FUNDS- 5/ 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. 6/ 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. 7/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONBY MARKET MUTUAL FUNDS.

9 H.6 (5Q Table 4 MEMORANDA ITEMS Billions of dollars, not seasonally adjusted Demand deposits at due to foreign commercial foreign official institutions Time and savings deposits due to foreign commercial and foreign official institutions U.S. government deposits demand deposits at note balances at Federal Reserve commercial commercial Banks and thrift institutions demand deposits and note balances time and savings deposits at commercial 1980-flAY JDNE JOLT SEPT OC JAN. P BAR. P ^ APR. P HAT P flAY o o i

10 SPECIAL SUPPLEIVENTARY TABLE Variable Ceiling Time Deposits at All Insured Commercial Banks and All Mutual Savings Banks March 25, 1981, April 29, 1981 and May 27, 1981 (Not Seasonally Adjusted)! Insured Commercial Banks March 25 April 29 May 27p Mutual Savings Banks March 25 April 29 May Amount outstanding: (millions of dollars) 6-month money market certificates 2 198, , ,742 51,969 53,253 55/7x3 (Standard error of the estimate). ( 2,260) ( 1,816) ( 1,811) ( 483) ( 597) (1,211) 2 1/2 year and over variable ceiling cerificates^ 34,924 35,235 36,380 13,480 14,727 14,821 (Standard error of the estimate) ( 957) ( 819) ( 837) (. 430) ( 509) ( 816) Number of offering institutions: 6-month money market certificates 2. 14,291 14,282 14, /2 year and over variable ceiling certificates 14,291 14,282 14, Percent of offering institutions paying the ceiling rate during the survey period: 2 1/2 year and over variable ceiling certificates p preliminary 1/ Estimates for May are based an data collected by the Federal Reserve and the FDIC fran a stratified randan sample of 478 conmercial and 64 mutual savings. 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 permissible rate of interest on new deposits is related to the discount yield on the most recently issued 6-rrDnth 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 Decerrber 31, 1979 and all such 2 1/2 year and over variable ceiling accounts issued since January 1/ See Table 1.16 in the Bulletin for specific ceiling rates.

FEDERAL RESERVE statistical release

FEDERAL RESERVE statistical release FEDERAL RESERVE stistical release Table 1 MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted M1-A Shift adjusted 1980-APR. BAT JOBB JOLT AUG* SBPl. BO