h6_198101_revision.pdf

January 1981

Money Stock Measures, Liquid Assets and Related Components

The attached tables provide benchmarked historical data for

money stock measures and liquid assets, both monthly and weekly, from

1969. The benchmark revisions affected deposits at nonmember commercial

banks, deposits at credit unions and thrift institutions, overnight and

term repurchase agreements, and term Eurodollar assets of U.S. nonbank

entities. Nonmember bank deposits have been benchmarked to the December

1979 and March 1980 quarterly call reports, and beginning November 1980,

daily deposits data for nonmember commercial banks with total deposits

greater than $15 million were incorporated. The daily data were first

reported in November in conjunction with implementation of the Monetary

Control Act of 1980. The Eurodollar adjustments, affecting "L", reflect

recently available estimates of Eurodollar CDs held in custody by banks

in London for the account of banks in the U.S., which are beneficially

owned by nonbank U.S. residents. This series was revised historically

to late 1969.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE 1 MONEY STOCK MEASURES AND LIQUID ASSETS BILLIONS OF DOLLARS

{SEASONALLY ADJUSTED) {NOT SEASONALLY ADJUSTED) _ i_

I I i I I t I L

1 9 6 9 J A N . . . J F E B . . . I MAR. . . | A P R . . . I M A Y . . . I J O N . . . | J U L . . . | A U G . . . } S E P . . . 1 O C T . , . J N O V . . . | E E C . . . I

I 1 9 7 0 J A N . . . J

F E B . . . ! M A R . . . J A P R . . . 1 M A Y . . . | J U N . . . J J U L . . . | A U G . . . I S E P . . . I O C T . . . ! N O V . . . J E E C . . . |

t 1 9 7 1 J A H . . i

F E B . . . | M A R . . . ) A P R . . . | M A Y . . . | J U N . . . I J U L . . . | A U G . . . J S E P . . . | O C T . . . ! N O V . . . ! D E C . . . |

1 1 9 7 2 J A N . . . J

F E B . . . I M A R . . . ] A P R . . . 1 M A Y . . . ! J U N . . . ) J U L . . . ! A D G . . . I S E P . . . J O C T . . . ! N O V . . . I D E C . - . . !

MJ-A | CURRENCY |

ELUS | DEMAND |

DEPOSITS |

1 9 9 . 9 | 2 0 0 . 5 J 2 0 1 . 3 J 2 0 1 . 7 | 2 0 2 . 2 | 2 0 2 . 9 ! 2 0 3 . 1 ! 2 0 2 . 9 I 2 0 3 . 1 | 2 0 3 . 9 I 2 0 4 . 6 ! 2 0 4 . 6

2 0 7 . 0 2 0 5 . 4 2 0 6 . 9 2 0 8 . 2 2 0 8 . 9 2 0 9 . 2 2 0 9 . 5 2 T 1 . 3 2 1 2 . 6 2 1 3 . 4 2 1 4 . 1 2 1 5 . 3

2 1 6 . 7 2 1 8 . 1 2 2 0 . 0 2 2 1 . 5 2 2 3 . 7 2 2 5 . 2 2 2 6 . 2 2 2 6 . 9 2 2 7 . 4 2 2 8 . 0 2 2 8 . 3 2 2 9 . 2

2 3 1 . 3 2 3 3 . 2 2 3 5 . 6 2 3 7 . 0 2 3 7 . 2 2 3 8 . 3 2 4 0 . 1 2 4 2 . 3 2 4 4 . 3 2 4 6 . 1 2 4 7 . 3 2 5 0 . 5

MI-B^ J M-1A PLUS ]

OTHER ! CHECKABLE [

DEPOSITS j

2 0 0 . 0 J 2 0 0 . 6 ! 2 0 1 . 3 | 2 0 1 . 8 1 2 0 2 . 3 ! 2 0 3 . 0 | 2 0 3 . 2 2 0 3 . 0 J 2 0 3 . 2 1 2 0 4 . 0 2 0 4 . 7 2 0 4 . 7

2 0 7 . 1 | 2 0 5 . 5 | 2 0 7 . 0 2 0 8 . 3 2 0 9 . 0 2 0 9 . 3 2 0 9 . 6 2 1 1 . 4 2 1 2 . 7 2 1 3 . 5 2 1 4 . 2 2 1 5 . 4

2 1 6 . 8 2 1 8 . 2 2 2 0 . 1 2 2 1 . 6 2 2 3 . 8 2 2 5 . 3

| 2 2 6 . 3 I 2 2 7 . 0 I 2 2 7 . 5 I 2 2 8 . 1

2 2 8 . 4 I 2 2 9 . 4

2 3 T . 4 ! 2 3 3 . 3 V 2 3 5 . 7 | 2 3 7 . 2 ! 2 3 7 . 4 | 2 3 8 . 4 i 2 4 0 . 2 I 2 4 2 . 4 i 2 4 4 . 4 I 2 4 6 . 2 | 2 4 7 . 4 ! 2 5 0 . 6

M2 J M"1B""PLUS""I OVERNIGHT j

RP"S AND J MMMF AND |

SAVINGS | AND SMALL j

TIME j DEPOSITS 1

5 6 8 . 8 | 5 7 1 . 5 ! 5 7 3 . 4 | 5 7 4 . 9 ! 5 7 6 . 4 ! 5 7 8 . 3 ! 5 7 9 . 3 J 5 8 0 . 0 5 8 1 . 6 J 5 8 2 . 9 j 5 8 5 . 2 J 5 8 7 . 6

5 8 7 . 8 i 5 8 6 . 1 | 5 8 8 . 1 J 5 8 9 . 7 | 5 9 3 . 3 5 9 6 . 3 | 5 9 8 . 6 6 0 3 . 6 6 0 8 . 4 6 1 3 . 2 6 1 8 . 8 6 2 5 . 2

6 3 1 . 7 | 6 4 0 . 1

6 4 9 . 4 6 5 8 . 9 6 6 7 . 5 6 7 3 . 4

| 6 7 8 . 9 I 6 8 4 . 5 | 6 9 0 . 3 | 6 9 6 . 0 I 7 0 3 . 2 | 7 0 9 . 6

I 7 1 6 . 8 ! 7 2 5 . 1 i 7 3 3 . 6 J 7 3 8 . 9 ! 7 4 3 . 7 ! 7 5 0 . 4 ! 7 5 9 . 5 1 7 6 8 . 6 J 7 7 7 . 3 | 7 8 5 . 4 7 9 3 . 1 J 8 0 1 . 6

U3 I M-2 PLUS J

LARGE | TIME |

DEPOSITS | AND |

TERM RP"S|

6 0 6 . 3 j 6 0 7 . 4 J 6 0 8 . 2 | 6 0 9 . 5 J 6 1 0 . 2 | 6 1 0 . 9 J 6 0 8 . 9 | 6 0 6 . 7 | 6 0 7 . 2 J 6 0 7 . 3 I 6 0 8 . 6 J 6 1 0 . 4

6 0 9 . 3 6 0 7 . 5 ! 6 1 0 . 9 6 1 6 . 0 6 2 0 . 6 6 2 3 . 1 J 6 3 0 . 6 6 3 9 . 2 6 4 7 . 7 J 6 5 5 . 1 6 6 2 . 8 6 7 1 . 7

6 8 0 . 9 6 9 1 . 2 7 0 2 . 0 7 1 0 . 1 7 1 8 . 8

| 7 2 5 . 8 7 3 2 . 8

J 7 3 8 . 1 | 7 4 5 . 0 | 7 5 2 . 8 | 7 6 1 . 4 I 7 6 9 . 7

t 7 7 7 . 5 ! 7 8 7 . 0 | 7 9 5 . 3 | 8 0 2 . 8 J 8 0 9 . 9 ! 8 1 8 . 7 } 8 2 8 . 4 I 8 3 9 . 2 | 8 4 8 . 9 J 8 5 7 . 5 I 8 6 8 . 1 | 8 7 7 . 8

L \ M-3 PLUS i

OTHEB 1 LIQUID J ASSETS |

7 3 4 . 0 J 7 3 7 . 7 J 7 4 1 . 3 | 7 4 4 . 8 j 7 4 6 . 2 J 7 4 8 . 3 I 7 4 7 . 9 ! 7 4 8 . 3 | 7 5 1 . 9 \ 7 5 3 . 8 ! 7 5 7 . 2 J 7 6 1 . 6 J

7 6 2 . 3 I 7 6 2 . 0 ! 7 6 6 . 3 J 7 7 1 . 3 | 7 7 5 . 0 J 7 7 8 . 5 j 7 8 5 . 0 | 7 9 1 . 6 J 7 9 6 . 7 | 8 0 2 . 1 | 8 0 7 . 1 1 8 1 2 . 9 |

8 2 0 . 6 | 8 2 7 . 8 I 8 3 6 . 0 | 8 4 3 . 4 | 8 4 9 . 6 | 8 5 7 . 0 J 8 6 5 . 8 |

| 8 7 1 . 5 \ | 8 7 7 . 1 j | 8 8 3 . 7 ! I 8 9 1 . 1 J I 8 9 9 . 1 J

9 0 7 . 7 j I 9 1 7 . 5 | 9 2 7 . 2 I 9 3 5 . 7 j | 9 4 2 . 7 J I 9 5 2 . 2 J J 9 6 1 . 7 | I 9 7 3 . 0 J 1 9 8 3 . 5 I 1 9 9 3 . 6 i J 1 0 0 6 . 8 J | 1 0 1 8 . 5 |

1 MJLzA I i CURRENCY 1 | PLUS | | DEMAND j J DEPOSITS |

i 2 0 5 . 1 | ! 1 9 8 . 5 | I 1 9 9 . 0 ! I 2 0 2 . 6 I 1 9 8 . 4 i J 2 0 1 . 3 I i 2 0 2 . 3 | ! 2 0 0 . 4 ! | 2 0 2 . 3 j ! 2 0 4 . 0 | I 2 0 6 . 1 | 1 2 1 0 . 4

| 2 T 2 . 0 ! 2 0 3 . 1 I 2 0 4 . 5 J 2 0 9 . 2 | 2 0 5 . 2 ! 2 0 7 . 8 | 2 0 9 . 0 ! 2 0 8 . 9 | 2 1 1 . 7 | 2 1 3 . 3 | 2 1 5 . 7 \ 2 2 1 . 2

J 2 2 1 . 6 I 2 1 5 . 5 J 2 1 7 . 5 | 2 2 2 . 6 J 2 1 9 . 9 I 2 2 3 . 9 I 2 2 6 . 0 | 2 2 4 . 4 | 2 2 6 . 4 J 2 2 7 . 8 ! 2 2 9 . 9 | 2 3 5 . 7

\ 2 3 6 . 3 J 2 3 0 . 2 ! 2 3 2 . 9 I 2 3 8 . 3 I 2 3 3 . 5 ! 2 3 7 . 3 | 2 4 0 . 3 I 2 3 9 . 8 t 2 4 3 . 0 J 2 4 5 . 6 I 2 4 9 . 0 I 2 5 7 . 5

rFS ] M-1A PLUS |

CTHER J CHECKABLE |

DEPOSITS |

2 0 5 . 2 | 1 9 8 . 5 I 1 9 9 . 1 ! 2 0 2 . 7 | 1 9 8 . 5 | 2 0 1 . 4 | 2 0 2 . 4 J 2 0 0 . 5 J 2 0 2 . 4 ] 2 0 4 . 1 J 2 0 6 . 2 | 2 1 0 . 5 |

2 1 2 . 1 2 0 3 . 2 I 2 0 4 . 6 2 0 9 . 3 2 0 5 . 3 2 0 7 . 9 2 0 9 . 1 | 2 0 9 . 0 J 2 1 1 . 8 2 1 3 . 4 2 1 5 . 8 2 2 1 . 3

2 2 1 . 7 2 1 5 . 6 2 1 7 . 6 2 2 2 . 7 2 2 0 . 1 2 2 4 . 1 2 2 6 . 2

I 2 2 4 . 6 I 2 2 6 . 5 I 2 2 7 . 9 | 2 3 0 . 1 ; 2 3 5 . 8

2 3 6 . 4 ! 2 3 0 . 3 I 2 3 3 . 0 I 2 3 8 . 4 J 2 3 3 . 6 | 2 3 7 . 4 I 2 4 0 . 4 1 2 3 9 . 9 | 2 4 3 . 2 J 2 4 5 . 7 J 2 4 9 . 2 | 2 5 7 . 6

M2 "1 M-1B PLUS | OVERNIGHT \

RPMS AND | MMMF AND |

SAVINGS J AND SMALL j

TIME | DEPOSITS I

5 7 3 . 3 | 5 6 8 . 6 | 5 7 2 . 6 ! 5 7 7 . 2 | 5 7 3 . 3 J 5 7 8 . 4 ! 5 7 9 . 8 I 5 7 7 . 3 ! 5 8 0 . 2 J 5 8 2 . 8 1 5 8 4 . 6 | 5 9 0 . 7 |

5 9 1 . 9 i 5 8 3 . 3 J 5 8 7 . 5 | 5 9 2 . 9 | 5 9 1 . 1 | 5 9 7 . 3 ! 5 9 9 . 9 J 6 0 1 . 1 6 0 6 . 7 I 6 1 2 . 1 ! 6 1 7 . 2 ! 6 2 7 . 3

6 3 4 . 6 6 3 6 . 9 6 4 9 . 2 6 6 3 . 2 6 6 6 . 0 6 7 5 . 4 6 8 1 . 0

J 6 8 1 . 9 6 8 7 . 9

I 6 9 4 . 2 | 7 0 0 . 9 | 7 1 1 . 3

I 7 1 9 . 5 I 7 2 1 . 6 ! 7 3 3 . 6 I 7 4 3 . 9 J 7 4 2 . 6 I 7 5 3 . 3 I 7 6 2 . 6 ! 7 6 6 . 2 I 7 7 3 . 9 ! 7 8 2 . 5 | 7 9 0 . 0 | 8 0 3 . 5

M3 i M-2 PLUS ;

LARGE | TIME |

DEPOSITS | AND |

TERM RP"S|

6 T O i 6 0 4 . 6 6 0 7 . 4 6 1 1 . 8 | 6 0 7 . 4 6 1 0 . 7 6 0 8 . 9 | 6 0 4 . 5 6 0 6 . 0 6 0 7 . 2 6 0 8 . 0 6 1 3 . 5

6 1 3 . 4 6 0 4 . 7 6 1 0 . 2 6 1 9 . 0 6 1 8 . 6 6 2 3 . 7 6 3 1 . 3 6 3 7 . 5 6 4 6 . 5 6 5 4 . 5 6 6 1 . 2 6 7 3 . 9

6 8 4 . 0 6 8 7 . 6 7 0 1 . 3 7 1 3 . 9 7 1 7 . 6 7 2 7 . 0 7 3 3 . 8 7 3 6 . 6 7 4 3 . 5 7 5 2 . 0

| 7 5 8 . 9 7 7 1 . 4

7 8 0 . 6 7 8 3 . 0

| 7 9 4 . 6 J 8 0 7 . 1 I 8 0 9 . 2 I 8 2 0 . 6 | 8 3 0 . 4 | 8 3 8 . 0 ! 8 4 6 . 7 | 8 5 5 . 8 | 8 6 4 . 5 | 8 7 9 . 8

L I M-3 PLUS |

OTHER | LIQUID | ASSETS |

7 3 8 . 2 " | 7 3 7 . 2 | 7 4 2 . 9 J 7 4 8 . 4 J 7 4 4 . 7 | 74 6 . 8 | 7 4 5 . 8 I 7 4 5 . 7 I 7 4 9 . 5 } 7 5 2 . 3 | 7 5 6 . 5 | 7 6 3 . 9 J

7 6 6 . 2 | 7 6 1 . 9 | 7 6 8 . 5 J 7 7 5 . 4 | 7 7 4 . 2 } 7 7 7 . 7 [ 7 8 3 . 5 | 7 8 9 . 2 S 79 4 , 3 | 8 0 0 . 2 | 8 0 5 . 7 \ 8 1 4 . 7 J

8 2 3 . 6 J i 8 2 6 . 3 |

83 7 . 2 } | 8 4 7 . 7 |

8 4 9 . 0 | 8 5 7 . 1 |

I 8 6 5 . 3 j | 8 6 S . 6 | | 8 7 4 . 8 | | 88 2 . 1 | | 8 8 9 . 1 I

9 0 0 . 8 I

9 1 0 . 7 J | 9 1 5 . 0 | J 9 2 8 . 1 | | 9 4 0 . 2 | | 9 4 2 . 3 | | 9 5 3 . 0 | J 9 6 2 . 4 | j 9 7 1 . 2 | | 9 8 0 . 5 I I 9 9 1 . 5 | | 1 0 0 4 . 0 | | 1 0 2 0 . 7 |


TABLE 1 MONEY STOCK MEASURES AND LIQUID ASSETS

BILLIONS OF DOLLARS^ (SEASONALLY ADJOSTEB} (NOT SEASONALLY ADJUSTED)

1 9 7 3 J A N , . . ! F E B . . . | M A E . . . | A P E . . . ! M A Y . . . I JUN. . . | J U L . . . A U G . . . | S E P . . . O C T . . . j N O V . . . | D E C . . .

1 9 7 4 J A N . . . i F E B . . . MAR.a A P R . . . , M A Y . . . J U N . ~ . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1 9 7 5 J A N . . . F E B . . . MAR. . . A P E . . . M A Y . . . JUN. . . J U L . . . AUG. . . S E P . . . OCT. . . NOV. . . D E C . . .

1 9 7 6 J A N . . . F E B . . . M A R . . . APH. . . MAY. . -J U N . . . J U L . . . AUG S E P . . . O C T . . . N C V . . . D E C . - .

M1-A J CURRENCY |

PLUS J DEMAND |

DEPOSITS |

2 5 2 . 8 | 2 5 3 . 3 J 2 5 3 . 1 J 2 5 4 . 0 | 2 5 6 . 3 J 2 5 8 . 4 | 2 5 8 . 8 I 2 5 9 . 2 i 2 5 9 . 1 1 2 6 0 . 2 I 2 6 1 . 9 1 2 6 4 . 1 |

2 6 5 . 1 2 6 6 . 5 | 2 6 8 . 0 | 2 6 8 . 0 | 2 6 8 . 7 | 2 7 0 . 0 2 7 0 . 2 2 7 0 . 9 2 7 1 . 8 2 7 3 . 0 | 2 7 4 . 5 2 7 5 . 3

2 7 5 . 0 2 7 5 . 8 2 7 7 . 6 2 7 6 . 3 2 7 9 . 9 2 8 3 . 7 2 8 4 . 0

| 2 8 5 . 3 \ 2 8 5 . 9

2 8 5 . 4 2 8 8 . 2 2 8 7 . 9

2 8 9 . 4 2 9 1 . 4

I 2 9 2 . 5 | 2 9 4 . 1 | 2 9 6 . 0 | 2 9 5 . 9 | 2 9 6 . 4 | 2 9 8 . 2 I 2 9 8 . 7 I 3 0 1 . 6 J 3 0 2 . 3 I 3 0 5 . C

Mi:B M-1A PLUS |

OTHER CHECKABLE I

DEPOSITS |

2 5 3 . 0 2 5 3 . 5 | 2 5 3 . 3 | 2 5 4 . 2 | 2 5 6 . 5 | 2 5 8 . 6 2 5 9 . 1 2 5 9 . 5 2 5 9 . 4 2 6 0 . 5 2 6 2 . 2 2 6 4 . 4

2 6 5 . 4 2 6 6 . 8 2 6 8 . 3 2 6 8 . 3 2 6 9 . 1 2 7 0 . 3 2 7 0 . 5 2 7 1 . 3 2 7 2 . 1 2 7 3 . 4 2 7 4 . 9 2 7 5 . 7

2 7 5 . 5 2 7 6 . 3 2 7 8 . 2 2 7 7 . 6 2 8 0 . 5 2 8 4 . 4 2 8 4 . 8

I 2 8 6 . t 2 8 6 . 8 2 8 6 . 4 2 8 9 . 2 2 8 9 . 0

2 9 0 . 5 | 2 9 2 . 6 I 2 9 3 . S \ 2 9 5 . 6

2 9 7 . fc 2 9 7 . 7

| 2 9 8 . 4 I 3 0 0 . 3 I 3 0 1 . 0 | 3 0 4 . 0 f 3 0 4 . 9 | 3 0 7 . 8

M2 | M-1B PIUS j OVERNIGHT !

RP"S AND j MMMF AND |

SAVINGS | AND SMALL j

TIME | I DEPOSITS i

8 0 9 . 9 ! 8 1 4 . 9 | 8 1 6 . 7 8 2 0 . 5 I 8 2 7 . 8 | 8 3 5 . 3 I 8 3 3 . 4 8 4 1 . 1 8 4 1 . 4 8 4 4 . 9 8 5 1 . 9 8 5 8 . 1

8 6 2 . 5 8 6 8 . 4 8 7 5 . 1 8 7 6 . 8 8 7 9 . 5 8 8 3 . 6 8 8 6 . 4

I 8 8 9 - 3 8 9 3 . 0

| 8 9 7 . 3 I 9 0 3 . 8

9 0 6 . 2

9 1 0 . 5 I 9 1 9 . 2 | 9 3 0 . 6 I 9 4 0 . 2 I 9 5 3 . 6 J 9 6 9 . 2 | 9 8 0 . 4 I 9 8 9 . 2 I 9 9 7 . 7 \ 1 0 0 3 . 5 I 1 0 1 4 . 6 I 1 0 2 2 . 4

1 0 3 3 . 4 J 1 0 4 8 . 3 I 1 0 5 7 . 5 ! 1 0 6 8 . 4 ] 1 0 8 2 . 8 I 1 0 8 7 . 7 I 1 0 9 6 . 2 I 1 1 1 0 . 9 1 1 1 2 2 . 9 | 1 1 3 8 . 4 I 1 1 5 1 . 2 | 1 1 6 6 . 7

M3 j M-2 ELUS ;

LARGE I TIME |

DEPOSITS j AND

TERM RPMS|

8 8 7 . 7 | 8 9 8 . 5 J 9 0 8 . 5 | 9 1 5 . 5 | 9 2 4 . 5 9 3 3 . 6 | 9 4 2 . 3 9 5 1 . 2 S 5 7 . 9 9 6 2 . 8 9 6 9 . 9 9 7 6 . 1

9 8 4 . 1 9 9 4 . 6

1 0 0 3 . 5 1 0 1 1 . 6 1 0 2 0 . 2 1 0 2 9 . 4 1 0 3 5 . 3 1 0 3 9 . 7 1 0 4 4 . 9 1 0 4 8 . 6

| 1 0 5 4 . 9 1 0 5 8 . 6

t 0 6 4 . 5 1 0 7 2 . 7

| 1 0 8 1 . 4 | 1 0 3 6 . 5 | 1 0 9 7 . 2 | 1 1 1 0 . 6 | 1 1 1 9 . 7 J 1 1 2 6 . 3 | 1 1 3 6 . 7 | 1 t 4 3 . 1 t 1 1 5 5 . 7 | 1 1 6 1 . 0

| 1 1 6 9 . 8 | 1 1 8 2 . 6 J 1 1 9 3 . 1 | 1 2 0 4 . 4 | 1 2 1 7 . 0 | 1 2 2 4 . 6 1 1 2 3 4 . 3 | 1 2 4 8 . 0 | 1 2 5 7 . 6 I 1 2 7 0 . 1 | 1 2 8 3 . 2 | 1 2 9 9 . 7

L^.,. , , ,1 M-3 PLUS 1

OTHER 1 LIQUID I ASSETS 1

1 0 2 9 . 7 | 1 0 4 1 . 9 I 1 0 5 2 . 9 | 1 0 6 2 . 0 ( 1 0 7 3 . 2 | 1 0 8 5 . 2 | 1 0 9 4 . 5 | 1 1 0 5 . 8 J 1 1 1 5 . 3 I 1 1 2 1 . 9 | 1 1 3 1 . 0 J 1 1 3 8 . 3 I

1 1 4 8 . 4 | 1 1 6 2 . 3 | 1 1 7 3 . 8 I 1 1 8 3 . 9 J 1 1 9 3 . 3 I 1 2 0 4 . 0 J 1 2 1 0 . 8 | 1 2 1 8 . 4 |

| 1 2 2 7 . 2 l 1 2 3 3 . 1 J 1 2 3 9 . 8 J 1 2 4 4 . 1 J

1 2 5 1 . 7 | | 1 2 6 1 . 2 j

1 2 7 0 . 5 | | 1 2 7 7 . 9 |

1 2 9 0 . 7 | | 1 3 0 4 . 9 | 1 1 3 1 4 . 2 | I 1 3 2 3 . 9 | I 1 3 3 7 . 1 | | 1 3 4 6 . 8 | I 1 3 6 3 . 3 J | 1 3 7 1 . 4 |

[ 1 3 8 1 . 0 I 1 1 3 9 5 . 5 I | 1 4 0 8 . 0 1 J 1 4 2 1 . 5 | J 1 4 3 5 . 6 | | 1 4 4 5 . 5 | I 1 4 5 6 . 9 I J 1 4 7 1 . 8 | | 1 4 8 2 . 9 | J 1 4 9 5 . 9 | \ 1 5 0 9 . 0 | | 1 5 2 6 . 1 J

J Ml^A I | CURRENCY | | PLUS ! I DEMAND 1 | DEPOSITS |

1 2 5 7 . 9 | | 2 4 9 . 7 | | 2 5 0 . 1 | I 2 5 5 . 4 | ! 2 5 2 . 0 | 2 5 7 . 6 | J 2 5 9 . 2 I 2 5 6 . 8 J 2 5 7 . 7 | \ 2 5 9 . 6 J 2 6 3 . 9 l 2 7 1 . 5

| 2 7 0 . 0 j 2 6 2 . 3 I 2 6 4 . 6 1 2 6 9 . 7 | 2 6 4 . 4 | 2 6 9 . 3 | 2 7 1 . 1 I 2 6 8 . 8 | 2 7 0 . 3 i 2 7 2 . 6 I 2 7 6 . 6 | 2 8 2 . 9

| 2 7 9 . 6 } 2 7 1 . 0 1 2 7 3 . 9 | 2 7 8 . 9 J 2 7 5 . 4 I 2 8 3 . 0 I 2 8 4 . 9 | 2 8 3 . 1 | 2 8 4 . 6 i 2 8 5 . 4 J 2 9 0 . 5 | 2 9 5 . 9

I 2 9 3 . 8 | 2 8 5 . 7 I 2 8 8 . 0 J 2 9 6 . 3 | 2 9 1 . 3 ! 2 9 5 . 2 ! 2 9 7 . 7 J 2 9 6 . 1 1 2 9 7 . 6 | 3 0 2 . 0 | 3 0 4 . 7 1 3 1 3 . 5

M1-B _J M-1I PLUS ;

CTHER | CHECKABLE |

DEPOSITS |

2 5 8 7 o ! 2 4 9 . 9 2 5 0 . 3 2 5 5 . 6 2 5 2 . 2 2 5 7 . 8 2 5 9 . 5 2 5 7 . 0 2 5 8 . 0 2 5 9 . 9 2 6 4 . 2 2 7 1 . 8

2 7 0 . 3 2 6 2 . 6 2 6 4 . 9

[ 2 7 0 . 0 2 6 4 . 7 2 6 9 . 7 2 7 1 . 4 2 6 9 . 2 2 7 0 . 7 2 7 3 . 0 2 7 7 . 1 2 8 3 . 4

2 8 0 . 1 2 7 1 . 5

I 2 7 4 . 5 | 2 7 9 . 5

2 7 6 . 1 I 2 8 3 . 7 | 2 8 5 . 7 I 2 8 3 . 9 I 2 8 5 . 5 I 2 3 6 . 4

2 9 1 . 5 2 9 6 . 9

; 2 9 4 . 9 \ 2 8 6 . 9 j 2 8 9 . 3 | 2 9 7 . 8 | 2 9 3 . 0 | 2 9 7 . 0 I 2 9 9 . 6 | 2 9 8 . 3 I 2 9 9 . 8 | 3 0 4 . 5 | 3 0 7 . 3 I 3 1 6 . 2

M2 1 M3 J M-IB~PLUS"~; OVERNIGHT |

R?"S AND 1 MMMF AND J

SAVINGS | AND SMALL |

TIME , DEPOSITS ;

8 1 2 . 4 | 8 1 0 . 7 8 1 6 . 8 8 2 6 . 5 | 8 2 6 . 8 8 3 8 . 8 8 4 2 . 1 8 3 8 . 7 8 3 7 . 7

[ 8 4 1 . 7 8 4 8 . 8 8 6 0 . 1

8 6 4 . 7 8 6 3 . 6 8 7 4 . 7 8 8 3 . 2

\ 8 7 8 . 4 8 8 7 . 3 8 9 0 . 6

I 8 8 7 . 5 \ 8 8 9 . 2 | 8 9 4 . 4 I 9 0 0 . 9

9 0 8 . 5

9 1 2 . 4 I 9 1 3 . 7 ! 9 3 0 . 0 l 9 4 7 . 0 I 9 5 2 . 5 J 9 7 2 . 7 I 9 8 5 . 0 I 9 8 7 . 2 I 9 9 4 . 1 | 1 0 0 1 . 0 | 1 0 1 1 . 4 I 1 0 2 4 . 5

| 1 0 3 5 . 1 I 1 0 4 1 . 5 I 1 0 5 5 . 9 1 1 0 7 5 . 8 J 1 0 8 1 . 6 I 1 0 9 1 . 2 I 1 1 0 1 . 3 l 1 1 0 8 . 9 | 1 1 1 9 . 7 | 1 1 3 5 . 9 I 1 1 4 8 . 1 | 1 1 6 9 . 1

M-2 PLUS I LARGE I TIME |

DEPOSITS | AND I

TERM R? M S|

8 9 0 . 7 8 9 3 . 9 | 9 0 7 . 6 | 9 2 0 . 5 | 9 2 3 . 9 9 3 5 . 8 9 4 4 . 5 9 5 0 . 5 9 5 6 . 0 9 6 1 . 4 9 6 5 . 9 9 7 8 . 3

9 8 7 . 4 | 9 8 9 . 3 | 1 0 0 2 . 0 | 1 0 1 6 . 9 | 1 0 1 9 . 7 | 1 0 3 1 . 3 | 1 0 3 7 . 4 | 1 0 3 9 . 6 | 1 0 4 2 . 8 | 1 0 4 7 . 5 | 1 0 5 1 . 2 | 1 0 6 1 . 8

| 1 0 6 7 . 8 | 1 0 6 7 . 0 | 1 0 7 9 . 8 | 1 0 9 2 . 2 I 1 0 9 6 . 4 | 1 1 1 2 . 5 i 1 1 2 2 . 6 | 1 1 2 5 . 2 I 1 1 3 4 . 0 \ 1 1 4 1 . 5 | 1 1 5 2 . 1 I 1 1 6 4 . 5

| T 1 7 2 . 7 I 1 1 7 5 . 7 J 1 1 9 1 . 3 | 1 2 1 0 . 8 | 1 2 1 5 . 5 | 1 2 2 6 . 6 | 1 2 3 7 . 8 | 1 2 4 6 . 3 I 1 2 5 4 . 7 | 1 2 6 8 . 2 1 1 2 3 0 . 4 | 1 3 0 3 . 8

_L M-3 PLUS

OTH ER LIQUID ASSETS

1 0 3 3 . 0 1 0 3 8 . 9 1 0 5 3 . 7 1 0 6 7 . 2 1 0 7 2 . 6 1 0 8 5 . 8 1 0 9 5 . 1 1 1 0 4 . 2 1 1 1 2 . 2 1 1 2 0 . 2 1 1 2 8 . 3 1 1 4 1 . 0

1 1 5 2 . 2 | 1 1 5 8 . 9 I 1 1 7 4 . 1 J 1 1 8 9 . 2 I 1 1 9 2 . 5 | 1 2 0 4 . 2 | 1 2 1 1 . 3 | 1 2 1 7 . 6 I 1 2 2 3 . 9 I 1 2 3 1 . 9 I 1 2 3 7 . 5

1 2 4 7 . 4

1 2 5 5 . 4 | 1 2 5 7 . 3 | 1 2 7 0 . 6 I 1 2 8 3 . 7

1 2 8 9 . 5 I 1 3 0 4 . 8 I 1 3 1 5 . 3 | 1 3 2 2 . 0 I 1 3 3 2 . 9 | 1 3 4 5 . 0 | 1 3 6 1 . 4 ! 1 3 7 4 . 9

1 3 8 5 . 1 I 1 3 9 1 . 1 | 1 4 0 8 . 1 l 1 4 2 8 . 3 | 1 4 3 3 . 9 | 1 4 4 5 . 3 | 1 4 5 8 . 6 J 1 4 6 9 . 4 I 1 4 7 7 . 3 I 1 4 9 3 . 4 i 1 5 0 7 . 9 | 1 5 2 9 . 8


TABLE- 2 COMPONENTS OF HONEY STOCK MEASURES AND RELATED ITEMS

SEASONALLY ADJUSTER, BILLIONS OF DOLLARS

J \ JAS.TT j

F E . . . | M A S . . . | AFP. . . J MAY. . . 1 J D N . . . I J U L . . . J A U G . . . | SEP. . . j OCT. ... N C V . . . J D E C . . . I

I JAN F E B . * . M A R . . . J APR. ... M A Y . . . I J O N . . . J U L . . . A U G . . . SEP. . . O C T . - . N O V . . . D E C . . .

5 J A N . . . F E B . . . MAR. . . A P E . . . M A Y . . . JUN. . . J U L . . . A U G . . . S E P . . . C C 1 . . . N C V . . . D E C . . .

5 J A N . . . F E B . . . M A R . . . APR. . . M A Y . . . J U N . . . J U L . . . A U G . . . SEP. . . O C T . . . NCV. . . D E C . . .

CURRENCY |

J 5 7 . 2 J 5 7 . 5 J 5 7 . 9 | 5 8 . 4 J 5 8 . 8 | 5 9 . 3 J 5 9 . 5 J 5 9 . 8 | 6 0 . 3 | 6 0 . 6 | 6 1 . 0 | 6 1 . 6

6 2 . 0 6 2 . 6 | 6 3 . 2 | 6 3 . 7 1 6 4 . 2 6 4 . 6 j 6 4 . 9 6 5 . 5 | 6 6 . 0 6 6 . 6 6 7 . 3 6 7 . 8

6 8 . 3 6 8 . 7 6 9 . 4 6 9 . 3 7 0 . 1 7 1 . 0 7 1 . 4

I 7 2 . 0 7 2 . 1 7 2 . 7

\ 7 3 . 4 7 3 . 8

: 7 4 . 3 i 7 5 . 0 f 7 5 . 7 | 7 6 . 4 | 7 7 . 2 | 7 7 . 6 J 7 8 . 2 | 7 8 . 7 1 7 9 . 2 1 7 9 . 9 | 8 0 . 2 J 8 0 . 7

DEMAND j DEPOSITS |

19576 1 195 .8 | 1 9 5 . 2 | 1 9 5 . 6 |

. 1 9 7 . 4 | 1 9 9 . 1 1 9 9 . 3 | 1 9 9 . 3 1 9 8 . 8 1 9 9 . 6 2 0 0 . 9 2 0 2 . 5

2 0 3 . 1 2 0 3 . 9 2 0 4 . 8 2 0 4 . 3 2 0 4 . 5 2 0 5 . 4 j 2 0 5 . 3 2 0 5 . 4 2 0 5 . 8 2 0 6 . 3 2 0 7 . 1 2 0 7 . 4

2 0 6 . 7 2 0 7 . 1 2 0 8 . 2 2 0 7 . 7 2 0 9 . 8

| 2 1 2 . 7 | 2 1 2 . 6

2 1 3 . 3 | 2 1 3 . 8 I 2 1 2 . 7 | 2 1 4 . 8

2 1 4 . 1

| 2 1 5 . 1 | 2 1 6 . 4 | 2 1 6 . 8 | 2 1 7 . 7 i 2 1 8 . 8 J 2 1 8 . 3 | 2 1 8 . 3 J 2 1 9 . 5 | 2 1 9 . 5 I 2 2 1 . 7 | 2 2 2 . 1 | 2 2 4 . 4

SAJ AT J

CCMMERCIALI .-.-BANKS I

1 2 4 . 0 | 1 2 4 . 0 | 1 2 3 . 8 | 1 2 3 . 9 | 1 2 4 . 6 I 1 2 5 . 3 f 1 2 5 . 7 | 1 2 5 . 0 1 2 5 . 2 I 1 2 5 . 7 1 1 2 6 . 5 1 2 7 . 0 !

1 2 7 . 6 1 2 8 . 1 | 1 2 8 . 7 1 2 9 . 4 1 2 9 . 8 1 3 0 . 7 1 3 2 . 0

\ 1 3 2 . 0 1 3 2 . 5 1 3 3 . 4 1 3 4 . 5

t 1 3 5 . 7

1 3 6 . 8 1 3 8 . 2

[ 1 4 0 . 4 | 1 4 2 . 9 | 1 4 5 . 3 I 1 4 9 . 2 | 1 5 1 . 5 J 1 5 2 . 5 I 1 5 4 . 0 I 1 5 5 . 2 | 1 5 7 . 3 | 1 6 0 . 1

I 1 6 3 . 8 J 1 7 0 . 2 I 1 7 3 . 9 I 1 7 7 . 0 I 1 7 9 . 8 l 1 8 0 . 6 I 1 8 2 . 2 I 1 8 4 . 5 I 1 8 7 . 6 1 1 9 1 . 9 | 1 9 5 . 9 I 2 0 0 . 5

UNGS DEPOSI AT |

THRIFT | _ U S I S * _ 1

194.3 | 195.1 | 195.7 | 196.2 | 196.5 | 197.3 197.5 | 196.1 | 194.8 J 194.9 | 194.7 I 195.2

195.4 195.4 195.9 196.2 195.7 195.6

\ 195.5 [ 195.2

195.2 196.0 j 196.9 198.2

199.7 201.5 203.7

I 206.4 I 2Q9.2 I 212.3

214.8 I 216.9 I 218.7 | 220.7 I 222.2

223.8

I 225.6 ! 228.0 | 230.2 I 232.0 I 233.6 i 235.0 I 236.6 I 238.8 I 240.7 I 243.9 I 245.3 I 247.2

"TS ' 1 TOTAL |

3187!$ | 3 1 9 . 1 j 3 1 9 . 5 J 3 2 0 . 1 | 3 2 1 . 1 J 3 2 2 . 6 |

- 3 2 3 . 2 | 3 2 1 . 1 i 3 2 0 . 0 j 3 2 0 . 6 | 3 2 1 . 2 i 3 2 2 . 2

3 2 3 . 0 3 2 3 . 5 3 2 4 . 6 | 3 2 5 . 5 3 2 5 . 5 3 2 6 . 3 3 2 7 . 5 3 2 7 . 2 3 2 7 . 7 3 2 9 . 4 3 3 1 . 3 3 3 3 . 9

3 3 6 . 5 3 3 9 . 7 3 4 4 . 1 3 4 9 . 3 3 5 4 . 5

| 361.-6 | 3 6 6 . 3 | 3 6 9 . 4

3 7 2 . 7 3 7 6 . 0

\ 3 7 9 . 5 3 8 3 . 9

3 8 9 . 4 1 3 9 8 . 3 1 4 0 4 . 1 | 4 0 9 . 0 | 4 1 3 . 4 | 4 1 5 . 6 | 4 1 8 . 8 I 4 2 3 . 3 I 4 2 8 . 3 | 4 3 5 . 8 | 4 4 1 . 2 I 4 4 7 . 6

I I S H A L L T I M I _ DEPOSITS ~ AT |

COMMERCIAL! BANKS J

1 1 1 . 4 ! 1 1 1 . 8 | 1 1 2 . 0 | 1 1 2 . 9 | 1 1 4 . 3 | 1 1 5 . 3 | 1 1 5 . 0 | 1 1 7 . 0 1 1 5 . 2 1 1 4 . 3 1 1 6 . 3 1 1 7 . 7

1 1 8 . 6 T19 .6 1 2 1 . 5 1 2 1 . 3 1 2 1 . 5 1 2 1 . 7 1 2 1 . 6 1 2 2 . 5 1 2 3 . 4 1 2 4 . 3 125 .4 124 .2

1 2 5 . 0 1 2 6 . 6 1 2 9 . 1 1 3 1 . 2

I 1 3 2 . 9 1 3 4 . 8 1 3 7 . 3 1 3 8 . 7 1 3 9 . 6

I 1 4 0 . 5 1 4 2 . 0 1 4 3 . 9

1 4 4 . 6 J 1 4 4 . 4 I 1 4 2 . 8 | 1 4 2 . 8 I 1 4 5 . 1 J 1 4 5 . 6 } 1 4 7 . 3 i 1 4 9 . 9 I 1 5 3 . 1 I 1 5 5 . 2 I 1 5 6 . 7 J 1 5 7 . 9

AT | THRIFT I INSTS. I

1 2 5 . 7 | 1 2 7 . 9 | 1 2 9 . 1 | 1 3 0 . 8 | 1 3 3 . 3 I 1 3 5 . 4 | 1 3 7 . 0 f 139^.2 | 1 4 1 . 9 1 1 4 4 . a | 1 4 6 . 5 I 14 8 . 7 |

1 5 0 . 6 | 1 5 2 . 4 | 1 5 4 . 1 | 1 5 5 . 3 1 1 5 6 . 5 | 1 5 7 . 9 | 1 5 9 . 2 I 1 6 0 . 1 i 1 6 1 . 2 J 1 6 2 . 1 | 1 6 3 . 2 | 1 6 4 . 8

1 6 6 . 2 1 6 7 . 9 I 1 7 0 . 4 | 1 7 3 . 0 1 7 6 . 0 1 7 9 . 2 1 8 2 . 6

| 1 8 5 . 5 1 8 8 . 2

| 1 9 0 . 8 I 1 9 3 . 6

1 9 6 . 5

1 9 9 . 6 | 2 0 2 . 9 | 2 0 6 . 2 | 2 1 0 . 0 1 2 1 3 * 7 | 2 1 6 . 9 J 2 2 0 . 0 ^ 2 2 3 . 3 1 2 2 7 . 1 | 2 3 0 . 9 | 2 3 4 . 6 | 2 3 8 . 7

TOTAL

2377! 239.7 241.2 243.7 247.5 250.7 251.9L 256.1 257.1 258.3 262.8 266.4

269.1 272.0 275.6 276.6 278.0 279.6 280.8 282.6 2B4.6 286.4 288.6 288.9

291.2 294.6 299.5 304.3 308.9 314.0 319.9 324.2 327.7 331.3 335.7 340.4

344.2 | 347.3 I 349.0

352.8 | 358.8

362.5 367.2

| 373.2 I 380.2 I 386.1 I 391.3 I 396.6


TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS

SEASONALLY ADJUSTED, BILLIONS OF DOLLARS

1 9 7 7 " J A N 7 - . F E B . . . | M A R . . . A P R . . . | H A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . | O C T . . . N O V . . . E E C . . .

1 9 7 8 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J O N . . . J U L . . . | A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1 9 7 9 J A N . . . F E B . . . M A R . . . A P R . . . MAY. . . J U N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1 9 8 0 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . j t m . . . J U L . . . A U G . . . S E P . . . O C I . . . N O V . . . D E C . . .

CURRENCY

* 8 1 . 3 " " | 8 1 . 9 | 8 2 . 4 | 8 3 . 1 | 8 3 . 6 8 4 . 1 | 8 5 . 1 I 8 5 . 6 | 8 6 . 4 | 8 7 . 1 8 7 . 9 8 8 . 7

8 9 . 2 9 0 . 0 9 0 . 8 9 1 . 2 9 2 . 1 | 9 2 . 8 J 9 3 . 4 9 4 . 1 9 5 . 0 9 5 . 9 9 6 . 7 | 9 7 . 6

9 8 . 2 9 3 . 9 9 9 . 6

1 0 0 . 2 1 0 0 . 9

[ 1 0 1 . 8 I 1 0 2 . 6

1 0 3 . 7 I 1 0 4 . 7

1 0 5 . 4 1 0 5 . 9 1 0 6 . 3

1 0 7 . 3 I 1 0 8 . 1 | 1 0 8 . 9 I 1 0 9 . 0

1 1 0 . 2 I 1 1 1 . 0

1 1 2 . 1 | 1 1 3 . 5 I 1 1 3 . 9 J 1 1 5 ^ 1 I 1 1 5 . 8 } 1 1 6 . 4

DEMAND DEPOSITS ,

L 2 2 6 7 4 2 2 8 . 0 2 2 9 . 2 J 2 3 0 . 9 2 3 1 . 1 2 3 1 . 9 2 3 2 . 9 2 3 3 . 7 J 2 3 5 . 3 | 2 3 6 . 8 2 3 & . 6 2 3 9 . 7

2 4 2 . 8 r 2 4 2 . 0

2 4 2 . 7 | 2 4 5 . 8 2 4 7 . 9 2 4 9 . 4 2 5 0 . 1 2 5 0 . 8 2 5 3 . 7 2 5 3 . 5 2 5 4 . 0 2 5 3 . 9

2 5 1 . 9 2 5 1 . 1

| 2 5 2 . 3 2 5 5 . 9 2 5 4 . 7 2 5 7 . 6 2 5 9 . 4 2 6 0 . 3 2 6 1 . 2 2 6 1 . 0 2 6 2 . 1 2 6 3 . 5

2 6 3 . 3 2 6 5 . 4 2 6 4 . 0 2 5 7 . 7 2 5 6 . 9 2 5 9 . 9 2 6 1 . 4

i 2 6 6 . 0 2 6 9 . 5

\ 2 7 1 . 2 2 7 2 . 6 2 6 8 . 4

SJVINGS DEPOSITS J Al

COMMERCIAL] [ . B A N K S j

2 0 4 . 3 | 2 0 6 . 9 2 0 8 . 7 2 1 0 . 5 J 2 1 1 . 7 2 1 2 . 5 2 1 3 . 3 | 2 1 4 . 7 2 1 5 . 6

I 2 1 6 . 9 \ 2 1 7 . 3

2 1 7 . 8

2 1 8 . 7 2 1 9 . 1 2 1 9 . 3 | 2 1 9 . 8 2 2 0 . 3 2 2 1 . 2 2 2 0 . 1 2 2 0 . 3 2 2 J . 0 2 2 1 . 4 2 1 9 . 0 2 1 6 . 1

2 1 2 . 5 2 0 9 . 9 2 0 7 . 8 2 0 6 . 2 2 0 5 . 1 2 0 5 . 9 2 0 6 . 4 2 0 6 . 5 2 0 4 . 9 2 0 2 . 1 1 9 6 . 4 1 9 4 . 1

1 9 2 . 0 1 8 8 . 4 1 8 2 . 7 1 7 6 . 3

I 1 7 5 . 6 1 8 0 . 6 1 8 6 . 5 1 9 0 . 6 1 9 2 . 0 1 9 3 . 6 1 9 2 . 2 1 8 5 . 8

AT THRIFT

, I N S I S . , 2 4 9 . 3 2 5 1 . 1 2 5 2 . 3 2 5 4 . 1 2 5 5 . 3 2 5 7 . 1 2 5 8 . 9 2 6 1 . 3 2 6 3 . 3 | 2 6 6 . 1 2 6 6 . 9 2 6 8 . 6

2 7 0 . 2 2 7 1 . 1 2 7 2 . 1 2 7 2 . 3 2 7 2 . 3 2 7 1 . 2 2 6 8 . 4 26 T . 7 2 6 7 . 4 2 6 7 . 3 2 6 2 . 9 2 5 9 . 7

2 5 5 . 1 2 5 0 . 6 2 4 9 . 0 2 4 5 . 9 2 4 3 . 2 2 4 3 . 7 2 4 4 . 4 2 4 3 . 8 2 4 0 . 4 2 3 3 . 9 2 2 5 . 1 2 2 2 . 8

2 2 0 . 4 2 1 5 . 7 2 1 0 . 6 2 0 3 . 1 1 9 9 . 6 2 a 4 . 0 2 1 1 . 5

h 2 1 7 . 5 2 2 0 . 1 2 2 0 . 6 2 1 5 . 6

|_ 2 0 8 . 4

TOTAL |

4 5 3 7 6 4 5 8 . 1 J 4 6 1 . 0 j 4 6 4 . 6 i 4 6 7 . 0 4 6 9 . 6 | 4 7 2 . 3 | 4 7 6 . 0 | 4 7 8 . 9 | 4 8 3 . 1 i

I 4 8 4 . 3 4 8 6 . 4 j

r i 4 8 9 . 0 4 9 0 . 2 4 9 1 . 4 | 4 9 2 . 1 j 4 9 2 . 6 4 9 2 . 5 j 4 8 8 . 6 | 4 8 8 . 0 4 8 8 . 4

| 4 8 8 . 7 | 4 8 1 . 9

4 7 5 . 8

4 6 7 . 6 \ 4 6 0 . 5

4 5 6 . 8 4 5 2 . 1 4 4 8 . 4 4 4 9 . 6 j 4 5 0 . 8 4 5 0 . 2 J

| 4 4 5 . 3 4 3 6 . 0 4 2 1 . 5 | 4 1 7 . 0

4 1 2 . 4 4 0 4 . 0

| 3 9 3 . 3 3 7 9 . 4

I 3 7 5 . 2 I 3 8 4 . 6 | I 3 9 8 . 0

4 0 6 . 1 4 1 2 . 1 j 4 1 4 . 2 4 0 7 . 9

[ 3 9 4 . 2

SM&LL TIME DEFOSITS AT |

COMMERCIAL! BANKS j

1 5 9 . 3 J 1 6 0 . 6 1 6 2 . 6 | 1 6 4 . 3 | 1 6 6 . 3 1 6 7 . 6 1 6 8 . 5 | 1 6 8 . 4 | 1 6 8 . 9 1 6 8 . 8 1 6 9 . 7 J 1 7 0 . 7

1 7 1 . 8 1 7 2 . 6 1 7 3 . 4 j 1 7 4 . 1 1 7 4 . 7 1 7 6 . 1 J 1 7 8 . 0 1 7 9 . 4 1 8 1 . 5 t 8 3 . 6 1 8 6 . 3 1 8 7 . 8

1 9 3 . 6 1 9 5 . 6 1 9 8 . 1 2 0 2 . 4 2 0 6 . 1 2 1 0 . 0 2 1 3 . 3 2 1 7 . 9 2 2 2 . 1 2 2 7 . 6 2 3 7 . 1 2 4 1 . 7

2 4 6 . 0 2 5 1 . 3 2 6 0 . 2 2 7 1 . 5 2 7 4 . 7 2 7 4 . 0 2 7 3 . 3 2 7 3 . 5 2 7 5 . 0 2 7 7 . 6 2 8 4 . 9 2 9 4 . 3

AT THRIFT INS.TSs.__j

2 4 2 . 4 2 4 6 . 0 | 2 4 9 . 7 2 5 3 . 4 2 5 7 . 2 1 2 6 1 . 2 2 6 5 . 0 26 9 . 0 2 7 3 . 0 2 7 6 . 8 2 B 1 . 1 2 8 4 . 2

2 8 5 . 6 2 8 7 . 7 2 9 0 . 8 2 9 4 . 1 2 9 7 . 2 3 0 3 . 1 3 1 0 . 4 3 1 6 . 3 3 2 2 . 1 3 2 8 . 7 3 3 8 . 1 3 4 6 . 0

3 5 2 . 7 3 6 0 . 3 3 6 7 . 4 3 7 3 . 7 3 7 7 . 8

[ 3 8 1 . 0 3 8 2 . 9 3 8 6 ^ 5 3 9 2 . 5 4 0 0 ^ 9 4 1 0 . 8 4 1 4 . 5

4 1 4 . 9 4 1 8 . 8 4 2 5 . 4 4 3 3 . 8 4 4 0 . 6 4 4 1 . 8 4 3 9 . 1 4 3 9 . 1 4 4 1 . 4 4 4 6 . 1 4 5 6 . 7 4 6 8 . 6

TOTAL

' 4077I~~ 406.6 412.3 417 .7 423.4 428.8 433.4 437 .3 441 .9 445 .6 450 .8 4 5 4 . 9

457 .4 4 6 0 . 3 464 .2 4 6 8 . 2 471 .9 479 .2

\ 488 .3 [ 4 9 5 . 7

503 .6 I 512.3

524 .5 533 .8

546 .3 I 555.9

565 .6 576 .1 583.9 5 9 1 . 0 596.2 604 .4 614.6 628 .5 647 .9 656 .2

660.9 670 .2 685 .7 7 0 5 . 3

I 715 .3 715 .8 712.4 712 .6 716.4 723 .6 741.6

I 762 .8


TABLE 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS

(BILLIONS CF DOLLARS, SEASONALLY ADJUSTED)

"T969 JAN.77| FEB.,.! MAR. ..| AFR...J MAY... | JUN. ..j J0L...J AUG...1 SFP...I OCT...! NOV...J DEC...

1970 JAN... FEB. ..| MAR... APR.., MAY... JUN... JUL. .* AUG.,, SEP... oca... NOV... DEC...

1971 JAN... FEB.... MAR... AEB. .. MAY... JON. .. JU*. .. AUG... SEP... OCT... NOV... use...

1972 JAN... FEB. MAR. .. APR... HAY.. JON... JUL... AUG... SEP... OCT... NOV... DEC...

_._. LARGE_T_IMl_IPp.SITS | AT 1 COMMERCIAL !

BANKS J 35.9 " | 34.3 | 33.1 32.8 | 32.0 | 30.8 ] 27.8 | 24.8 23.7 | 22.4 21.3 20.4 19.5 19.1 20.3 24.1 247 24.5 30.2 33.8 37.5 40.1 41.9 44.4 47.1 48.8 50.1 48.3 48.1 49.4

| 50.8 50.4

| 51.3 J 53.3 j 54.1

56.1 57.1

| 57.8 | 57.4 J 59.2 | 61.5 | 63.1 I 63.6 1 65.0 ] 66.4 J 66.8 I 69.2 j 70.7

AT f THRIFT |

INSTITUTIONS 1 0.0 | 0.0 J 0.0 ] 0.0 1 0.0 | 0.0 j 0.0 | 0.0 | 0.0 | 0.0 j 0.0 j 0.0 0.0 0.1 0.2 0.2 | 0.3 0.3 J 0.4 0.5 | t 0.5 | 0.6 0.7 0.7 0.8 0.8 0.9

| 1.0 I 1.0 | 1.1 t 1.2 | 1.2 j 1.3 I 1.3 I 1-4 | 1.5 | - 1.5 I 1.6 I 1.7 | 1.8 | 1.8 i 1.9 | 2.0 1 2.-1 | 2.2 I 2.2 J 2.3 J 2.4

TOTAL | 3579 | 34.3 | 33.1 | 32.8 I 32.0 | 30.8 | 27.8 | 24.8 | 23.7 l 22.4 | 21.3 | 20.4 19.6 19.2 J 20.5 24.3 25.0 J 24.8 j 30.6 34.3 | 38.1 40.7 42.6 45.1 47.9 49.6 51.0 49.3 49.2 50.5 51.9 51.6

| 52.6 54.6 55.6

I 57.6 58.6

| 59.4 i 59.1 | 61.0 | 63.3 I 65.0 I 65.6 i 67.1 f 68.6 | 69.0 I 71.5 I 73.0

SAVINGS | BONDS | . . ^ 5,1.8 | 51.8 | 51.8 J 51.8 | 51.8 ! 51.8 j 51.7 | 51.7 51.7 | 51.7 51.7 51.7 51.7 51.6 I 51.6 J 51.6 51.6 j 51.6 51.7 51.7 51.8 51.9 52.0 52.1 52.2 52.5 52.6 52.9 53.1

| 53.2 | 53.4 | 53.6 I 53.9 | 54.1

54.3 54.5

I 54.8 | 55.1 I 55.3 I 55.6 J 55.9 I 56.1 I 56.4 1 56.6 | 56.9 | 57.2 1 57.5

SHORT-TERM | TREASURY \

SECURITIES | _ _ ^ 50.0 | 52-0 I 53.5 | 53.5 I 53.6 | 53.5 J 54.8 | 56.6 I 56.9 J 57.9 J 59.5 60.3 60.5 | 60.0 1 58.8 j 56.9 1 57.5 | 57.7 56.8 54.6 53.7 51.8 49.2 47.8 45.2 42.8 42.0 39.4 40.0 42.0 41.6

| 39.4 | 37.8 i 36.6 i 36.2

36.1 I 35.9 I 36.5 I 36.7 I 36.6 I 36.8 I 35.6 i 35.8 J 3 6.5 j 3 7.6 i 39.5 | 40.9

BANKERS i ACCEPTANCES

-._ . 2.4 | 2.4 | 2.4 J 2.4 I 2.6 J 2.8 I 2.9 | 3.1 J 3.2 I 3.2 | 3.2 | 3.2 3.2 | 3.3 3.3 I 3.4 3.5 | 3.5 | 3.3 3.1 3.1 3.1 3.3 3.5 3.3 3.3 3.5 3.6 3.8 3.9 4.2 4.5 4.0 3.8 3.5 3.6

| 4.0 | 4.0 | 3.9 I 3.7 | 3.4 ! 3.2 J 3.1 I 3.1 I 3.2 I 3.3 | 3.3

COMMERCIAL PAPER 2277 23.2 23.9 24.6 25.2 26.5 28.0 29.4 30.6 31.9 33.2 34.0 35.0 36.1 37.4 38.5 39.5 39.9 38.7 37.8 36.9 35.7 34.9 34.5 34.1 33.6 33.0 32.6 32.4 31.8

| 31.4 | 31.7

32.1 32.5 | 32.5 32.7 33.1

| 33.0 | 33.3 | 33.7 I 33.6 J 34.3 | 34.9 | 34.9 ! 34.6 | 34.8 I 35.0 | 35.2



(BILLIONS CF DOLLARS, SEASONALLY ADJUSTED)

""1973 JAN7.. FIB... MAR... APR... MAY... JON... JUL... AUG... SEP... OCT... NCV... EEC...

1974 JAN... FEB... MAR... AER... KAY... JUN. .. JUL... AUG... SEP... OCI. .. NOV... EEC...

1975 JAN... FEB... WAR... APR... MAY... JUN... JUL... AUG... SEP... OCI... NCV... DEC...

1976 JAN... FEB... MAR... AER. .. MAY... JUN... JUL... AUG... SEP.-. OCI... NOV. .. DEC...

T _ LARGE TIME DEPOSITS I AT | COMMERCIAL | i_ BANKS I ~ 1 . 8 I I 76.7 | i 8**.7 I | 87.8 | J 89.2 ] | 90.2 | f . 94.7 | 100.5 I | 106.3 I 107.0 | 106.9 | | 107.4 J 111.0 I 114.5 i 116.1 I 122.7 J I 127.7 | 132.1 | I 135.1 | 136.0 } 137.5 | | 137.3 | 136.4 I 138,8 1 140.9 I 139.4 | 136.5 I 131.7 | 128.7 | 126.7 I 124.5 J 122.3 I 123.1 | 123.9 | 125.0 i 123.4 | 120.8 I 117.9 | 118.9 | 118.8 | 114.9 i 118.4 I 119.3 | 115.6 1 113.7 \ 111.3 J 110.3 1 110.2

AT | THRIFT |

INSTITUTIONS 2.5 | 2.5 2.6 | 2.7 2.8 | 2.9 2.9 | 3.0 3.1 3.2 3.3 3.5 3.6 3.8 3.9 | 4.0 4.1 4.1 4,2 4.3 4.4 4.6 4.9 5.2 5.5 5.8 6.0 J 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.2 6.4 6.5 6.5 6.4 6.3 6.3

I 6.6 \ 6.9 I 7.1 | 7.3

7.6 7.8

TOTAL 7473 79.2 87.3 90.5 92.0 93.0 97.6 103.5 109.4 110.2 110.2 110.9 114.6 118.3 120.0 126.7 131.8 136.2 139.3 140.3 141.9 141.9 141.4 144.0 146.3 145.1 142.5 137.9 134.8 132.8 130.5 128.3 129.2 130.0 131.2 129^6 127.2

| 124.4 125.4 125.2

[ 121.2 124.7 125.9

I 122.5 120.8

[ 118.6 117.8 118.0

SAVINGS | BONDS 5778 * 58.1 | 58.5 58.8 | 59.0 | 59.3 59.5 | 59.7 J 59.8 59.9 | 60.2 | 60.4 60.5

\ 60.7 61.0 I 61.3 61.5 61.7 62.0 62.1 62.4 62.7 63.0 63.2 63.6 63.9 64.2 64.5 64.9 65.2 65.5 65.8

{ 66.2 66.8 66.9 67.3 67.6

| 68.0 | 68.3

68.7 69.1 69.4 69.6 70.1

| 70.8 | 71.7

71.5 | 71.a

SHOPTZTEBM ] TREASURY !

SECURITIES j 477-5 -42.5 J 43.4 J 45.0 ] 46.0 | 47.2 47.3 48.4 ! 49.6 49.4 49.3 49.8 49.9 50.4 52.0 53.5 52.5 52.2 51.4 51.5 53.4 54.4 53.5 53.4 54.2 55.0 55.7 57.4 59.3 61.3 62.7 64.7 67.2 70.0 73.9 76.8 77.1 77.5 78.3 79.5 79.fr 80.7 81.3 81.5 82.9

I 82.3 81.4

I 80.7

EANKERS ACCEPTANCES

373 3.3 3.4 3.4 3.4 3.7 3.9 4.1 4.4 4.7 4.7 4.7 4.9 5.1 5.2 5.5 6.2 7.3 8.9

10.0 9.9 9.9 10.2 10.7 11.0 10.4 10.2 10.2 9.9 9.6 8.9 8.5 8.5 8.7 8.7 8.5 8.5 8.8

| 8.9 8.8

[ 9.0 9.0 9.2

I 9.3 9.0

\ 9.0 9.1

\ 9.0

COMMERCIAL PAPER 3575 34.9 34.3 34.3 35.0

[ 3 6 . 0 36.0

| 36.8 38.0 3 9.5 41.4 41.9 43.5 45.5

| 45.4 44.8 45.3

| 45.8 I 45.6

47.3 | 49.2 J 50.0 | 50.4

50.1 50.2

| 50.8 | 50.7 | 50.9 | 50.8 I 49.8 | 48.8 I 49.6 I 49.3 1 48.8 1 48.5 ! 4 8.1 | 43.0 l 48.3 | 48.8 | 49.0 | 49.2 I 49.7 | 50.1 | 50.5 l 50.2 J 5 0.1 | 50.7 | 51.8


TABLE 3 COMPONENTS OF HONE! STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED)

1977 JAN.7. FIB... MAE.,. APR...| MAY...I JUN... JUL... AUG... SEP.,.| OCI... NOV... EEC...

1978 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... KOV... EEC...

1979 JAN... F13... MAR... APB.. HIT... JON... JUL... AUG.., SEP... OCT... NOV... DEC. . c.

1980 JAN.., FIB... MAR... tPR... MY... JUN... JUL... AUG... SEP. .. OCT... NOV... EEC...

LARGE TIME DEPOSITS AT I COMMERCIAL

EANKS | 109.8 ! 110.5 1 110.6 | 110.6 J 110.9 | 114.4 117.3 I 120.2 J 122.6 j 126.4 | 131.2 | 135.0 138.1 142.0 146.8 151.6 | 156.1 159.5 162.8 165.7 168.1 168.4 176.3 178.5 180.5 183.4 182.3 180.6 I 179.2

[ 176.5 177.1 S 178.9 184.9

I 188.8 | 190.0 ! 188.7

189.7 f 193.9 I 195.4 I 197.5 I 197.2 I 192.7 j 187.8 I 186.6 I 189.0 I 190.4 | 197.6 1 205.1

AT | THRIFT

INSTITUTIONS I 7.8 7.8 | 7.9 j 8.1 | 8.4 ] 8.5 8.8 9.1 j 9.3 9.5 I 9.8 | 10.2 10.7 11.3 11.8 12.5 13.1 13.3 13.7 j 14.2 14.7 15.1 15.6 16.2 17.0 17.8 18.1 18.5 19.2 i 20.4 21.8 22.9 24.1 25.9 28.2 30.3 31.9

I 33.5 I 34.1

34.9 I 35.9 i 35.9 I 36.2 | 36.7 t 37.8 I 39.4 i 41.3 I 43.2

TOTAL T1776 118.3 118.5 118.7 | 119.2 123.0 126.2 | 129.3 I 131.9 135.9 J 141.0 J 145.2 148.8 153.2 158.6 164.0 169.2 172.8 176.5 179.8 182.8 183.5 191.9 194.7 197.5 201.2 200.4 199.1 198.4

| 196.9 | 198.9 | 201.8

208.9 214.7

i 218.2 219.0 221.6

| 227.4 | 229.5 | 232.4 J 233.0 | 228.6 | 224.0 J 223.3 i 226.8 | 229.8 | 238.8 | 248.3

SAVINGS BONDS 7272 72.6 ! 73.0 73.4 J 73.8 74.1 j 74.3 74.6 J 75.3 | 76.7 76.3 J 76.6 77.0 77.4 | 77.8 { 78.2 78.7 78.8 78.6 78.9 | 79.8 81.5 80.4 80.7 80.6 80.6 80.5 80.6 80.6 80.4 80.0 80.0 80.6

I 82.2 | 80.3

30.0 79.2

| 78.1 | 76.8 75.2 I 74.0 | 73.3 I 72.8 I 72.6 I 73.2 I 74.6 i 72.9

SHORT-TERM TREASURY

SECURITIES _ _ 80.6 81.7 82.5 82.9 82.6 83.4 85.2 j 88.6 87.3 87.1 | 8S.5 89.1 89.9 91.5 92.4 93.8 94.5 94.2 94.9 100.0 96.3 94.3 98.7 98.8 100.4 108.2 114.2 122.5 131.4 128.8

| 123.0 128.0

| 123.4 121.8 127.5 127.8 129.3 137.2 | 147.2

I 152.1 | 148.7 \ 144.7 I 147.2 | 154.8 I 148.8

149.7

BANKERS ACCEPTANCES

79 10.5 | 10.6 | 10.7 10.9 | 11.2 J 11.2 | 11.4 11.7 | 11.9 | 12.1 J 12.3 13.0 13.8 J 14.4 15.0 I 15.4 I 15.9 | 16,6 ! 17.0 I 17.1 17.7 J 20.4 j 22.6 22.4 21.4 21.3 21.1

] 21.0 ! 21.5 | 22.6 ! 25.0 ! 26.6 ! 27.0 i 28.3 i 28.4

27.7 J 26.9 I 27.9 I 28.5 J 28.3 I 29.1 I 28.9 I 28.5 i 30.0 I 31.0 | 32.5

COMMERCIAL PAPER 5271 52.7 53.5 54.7 55.7 57.5 58.2 59.0 600 61.5 62.3 63.1 64.6 65.2 65.9 67.6 69.1 70.2 71.2 72.1 73.3 75.0 76.8 79.4 81.2 83.1 85.0 86.6 88.2 90.4 91.8 93.6 95.7

I 96.4 96.0 97.3 99.0

I 99.3 I 99.8 | 100.6 | 99.5 I 96.5 I 95.8 I 96.6 J 98.7 I 99.0 I 99.2


TABLE 4 COMPONENTS CF MONEY STOCK MEASURES AND LIQUID ASSETS

{BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)

1969 JAN..." FEB...J MAR...| APR... MAY... JON... JUL... AUG...! SEP... OCT... NOV...: DEC...

1970 JAN... FEB... MAR..-APR. .. MAY. .. JON...J JOL...1 AOG. .. SEP. .. OCT... NOV... DEC...

1971 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC...

1972 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT.-. NCV... DEC...

CURRENCY j

4375~~ | 43.4 J 43.7 | 43.8 | 44.2 | 44.7 | 45.2 45.4 | 45.3 j 45.6 J 46.4 | 46.9 46.1 45.9 46.3 46.6 47.3 47.7 48.3 48.3 48.2

\ 48.5 49.2 50.0

I 49.1 I 49.1 | 49.5 | 50.1 I 50.5 i 51.0 | 51.9 | 51.9 I 51.9 | 52.2 I 52.7 I 53.5 I 52.5 J 52.6 | 53.1 I 53.5 I 53.9 I 54.4 1 55.1 | 55.1 | 55.3 | 55.7 I 56.7 57.9

DEMAND DEPOSITS " I AT

MEMBER J BANKS j 125.4 |

120.0 | 120.1 | 123.0 118.9 120.4 j 120.4 118.4 J 119.5 120.5 | 121.1 I 124.2 125.9 118.8 120.0 123.2 119.4 121.0 121.1 121.0 122.7 123.3

J 124.1 128.0 128.7

I 123.9 125.1

I 128.5 | 126.1 | 128.3 I 128.5 | 127.5 J 128.7 | 128.7 I 130.0 I 134.6 I 135.5 | 130.3 J 133.6 J 138.0 I 133.9 | 136.2 \ 137.4 1 137.0 I 138.8 ^ f39.7 l 14V. 4 I 146.6

AT | DOMESTIC | NCNMEMBER 1 BANKS | 3474 j 33.1 | 33.1 | 34.1 | 33.3 ! 34.1 J 34.5 | 34.2 | 35.0 | 35.4 | 36.0 | 36.8 ! 37.3 35.3 35.2 36.3 | 35.4 35.6 | 36.1 36.0 36.7 37.2 37.8 38.8 39.3 I 37.8 38.0 39.2

| 38.7 I 39.6 | 40.3

40.2 | 40.9 I 41.6

42.5 43. 6

t 44.0 I 42.6 I 43.2 i 44.6 | 43.8 J 44.9 ! 45.9 I 46.2 | 47.3 I 48.2 I 49. t i 50.7

AT | FOREIGN ! RELATED | BANKING I OFFICES |

IN THE U.S.J 1.8 | 2.0 J 2.1 | 1-7 J 2.0 | 2.1 i 2.3 J 2.4 | 2.5 J 2.5 | 2.6 J 2.5 2.7 ; 3.1 3.1 3.0 3.2 3.5 3.6 3.6 4.1 4.4 4.6 4.4 4.4 4.6 4.9 4.9 4.7 5.0 5.3 4.7 4.9 5.3 4.7 3.9 4.2 4.6 3.1 2.2 1.9 1.7 1.9 | 1.5 1.6

[ 1 . 9 \ t.J9 h 2.2

OTHER CHECKABLE DEPOSITS ZZ J AT I

COMMERCIAL! BANKS

oTo 0.0 0.0 0.0 | 0.0 0.0 0.0 0.0 | 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

I 0.0 0.0

I 0.0 0.0 0.0

| 0.0 0.0 0.0

I 0.0 | 0.0 0.0 0.0 [ 0.0 I 0.0 | 0.0 1 a*o

AT ! THRIFT | INST |

o 71 i 0.1 | 0.1 | 0.1 | 0.1 I 0.1 | 0.1 | 0.1 | 0.1 j 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 J 0.1 | 0.1 \ 0.1 J 0.1 | 0.1 | 0.1 |

\ 0.1 0.1 | 0.1 0.1 0.1 | 0.1 | 0.1

I 0.1 1 I 0.1 I 0.1 I 0.1 I 0.1 | 0.1 | 0.1

0.1 0.1

I 0.1 I 0.1 I 0.1 I 0.1 I 0.1 I 0.1 1 0.1 | 0.1 I O.t I O.T I 0^1

TOTAL I

oTi " 0.1 0.1 | 0.1 j 0.1 0.1 | 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

[ 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

I 0.1 0.1

I O . t r o.t

_I_IIOIIBGHT_RPS

GROSS !

.. .

1-7 I 1.7 | 1.8 | 1.8 1.9 1.9 2.0 2.0 2.1 2.2 2.5 2.0 2.3 2.4 2.1 2.4 2.1 1.5 1.4 1.3 1.3 1.5 1.4 1.4

| 1.5 J 1.6

2.0 I 2.3

1.9 I 2.0 | 2.1 | 2.1 I 2.2 2.8 I 2.5

2.1 I 2.5 I 2.7 | 2.9 ! 2.9 I 3.2 | 3.4 | 3.4 I 2.9 f 3.0 I 3.4 I 3.T

NET

___ 1.7 1.7 1.3 1.8 1.9 1.9 2.0 2.0

[ 2.1 2.2 2.5 2.0 2.3 2.4 2.1

I 2.4 2.1

t 1.5 1.4 1.3

| 1.3 | 1.5 1.4

1.4 | 1.5 | 1.6 | 2.0 ! 2.3 I 1-9 I 2.0 \ 2.1 i 2.1 I 2.2 I 2.7 I 2.5 ! 2.1 I 2.5 I 2.7 I 2.9 I 2.9 I 3.2 1 3.4 I 3.4 | 2.9 I 3.0 I - 3.4 I 3.1



(BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)

..

. .

..

..

. .

. .

. . . . . . . . . . . . . . . . . . . . *

. .

...

. .

... . . . . . . .

. . . . . .

. . . . .

I CURRENCY

J 1 5 6 . 8 I 5 6 . 8 I 5 7 . 4 1 5 8 . 3 I 5 8 . 7 l 5 9 . 4 I 6 0 . 0 | 6 0 . 0 t 6 0 . 1 | 6 0 . 4 | 6 1 . 5 I 6 2 . 7

! 6 1 . 6 J 6 1 . 9 I 6 2 . 7 I 6 3 . 5 J 6 4 . 1 | 6 4 . 8 J 6 5 . 3 I 6 5 . 7 I 6 5 . 8 J 6 8 . 4 \ 6 7 . 9 6 9 - 0

\ 6 7 . 8 j 6 7 . 8 { 6 8 . 8 I 6 9 . 1 i 7 0 . 0 I 7 1 . 2 ! 7 1 . 9 I 7 2 . 1 I 7 1 . 9 I 7 2 . 5 J 7 3 . 9 I 7 5 . 1

I 7 3 . 7 I 7 4 . 1 I 7 5 . 1 I 7 6 . 3 1 7 7 . 1 | 7 7 . 8 I 7 8 . 7 I 7 8 . 9 ! 7 9 . 0 I 7 9 . 6 | 8 0 . 8 f 8 2 . 1

" p EM AND DEPOSITS ZZ 1 _ ~ ~ _ ^ C T J 1 E B ^ E E C K A I L E DEPOSITS

AT MEMBER BANKS

1 4 7 . 5 1 4 1 . 0 1 4 0 . 7 1 4 3 . 8 1 4 0 . 3 1 4 3 . 4 1 4 3 . 3 1 4 2 . 3 1 4 2 . 4 1 4 3 . 5 1 4 5 . 2 1 4 9 . 9

1 4 8 . 9 1 4 3 . 4 1 4 4 . 4 1 4 7 . 1 1 4 2 . 4 1 4 4 . 7 1 4 5 . 5 1 4 4 . 1 1 4 4 . 9 1 4 5 . 4 1 4 7 . 3 1 5 0 . 8

1 4 9 . 8 1 4 3 . 7 1 4 5 . 7 1 4 9 . 1 1 4 6 . 0 1 5 0 . 4 1 5 1 . 0 1 4 9 . 3

| 1 5 0 . 3 1 4 9 . 6 1 5 2 . 0 1 5 5 1

1 5 5 . 2 | 1 4 9 . 0 | 1 4 9 . 5

1 5 4 . 9 1 5 0 . 0

I 1 5 2 . 1 I 1 5 2 . 9 | 1 5 1 . 6 I 1 5 1 . 7 | 1 5 4 . 5 | 1 5 5 . 0 | 1 6 1 . 0

AT DOMESTIC

NONMEMBER BANKS

5 0 7 9 " 4 9 . 1 4 9 . 4 5 0 . 9 5 0 . 4 5 1 . 8 5 2 . 6 5 2 . 0 5 2 . 6 5 3 . 0 5 4 . 3 5 5 . 8

5 6 . 1 5 3 . 9 5 3 . 9 5 5 . 5 5 4 . 1 5 5 . 4 5 5 . 7 5 5 . 3 5 5 . 8 5 6 . 3 5 6 . 8 5 8 . 0

5 7 . 6 5 5 . 2 5 5 . 5 5 7 . 0 5 6 . 2 5 8 . 5 5 9 . 0 5 8 . 6 5 9 . 3 5 9 . 8 6 0 . 9 6 2 . 1

6 1 . 6 I 5 9 . 4 I 5 9 . 8

6 1 . 9 I 6 0 . 6

6 2 . 0 | 6 2 . 6 i 6 2 . 3 I 6 3 . 3 I 6 4 . 3

6 5 . 2 t 6 6 . 8

AT FOREIGN RELATED BANKING OFFICES

njmg-.ju*] 2 . 6 2 . 8 2 . 6 2 . 4 2 . 6 3 . 0 3 . 4 2 . 5 2 . 6 2 . 7 2 . 9 3 . 1

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

4 . 4 4 . 3 3 . 9 3 . 7 3 . 2 3 . 0 3 . 0 3 . 1 3 . 1 3 . 6

| 3 . 7 3 . 6

3 . 2 3 . 3 3 . 6 3 . 2 3 . 6 3 . 4

I 3 . 5 | 3 . 3

3 . 6 | 3 . 6 | 3 . 7

3 . 5

AT CCMMERCIAL

BANKS

oTo 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 Q.O 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 1 0 . 1 0 . 1 0 . 2 0 . 2 0 . 2 0 . 2 0 . 3 0 . 3 0 . 3 0 . 3 0 . 4

0 . 4 I 0 . 4 | 0 . 5

0 . 6 0 . 7 0 . 8

I 0 . 9 I 0 . 9 | 1 . 0 I 1 . 1

1 . 2 I 1 . 3

AT THRIFT

I N S 2

6T2 0 . 2 0 . 2 0 . 2 0 . 2 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3

0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 4 0 . 4 0 . 4 0 . 4

0 . 4 0 . 4 0 . 5 0 . 5 0 . 5 0 . 5 0 . 5 0 . 6 0 . 6 0 . 6 0 . 7 0 . 7

0 . 7 0 . 8 0 . 8 0 . 9 0 . 9 1 . 0 1 . 1 1 . 2 1 . 2 1 . 3 1 . 4 1 . 5

TOTAL

O " 0 . 2 0 . 2 0 . 2 | 0 . 2 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3

0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0 . 3 0.3^ 0 . 4 S 0 . 4 0 . 4 0 . 4 0 . 4

0 . 5 0 . 5 0 . 6 0 . 6 0 . 7 0 . 7 0 . 8 0 . 8 0 . 9 0 . 9 1 . 0 1 . 1

1 . 1 1 . 2 1 . 3 1 . 5 1 . 6 1 . 8 2 . 0 2 . 1 2 . 3 2 . 4 2 . 6 2 . 7

Z OVERNIGHT BP"S

GROSS

574 4 . 3 I 4 . 4 | 4 . 3 | 4 . 4 5 . 1 6 . 0 6 . 2 6 . 8 7 . 4 7 . 5 6 . 8

6 . 7 7 . 6 8 . 1 7 . 8 8 . 4 8 . 8 8 . 7 9 . 1 9 . 0 8 . 3 8 . 7 7 . 3

6 . 6 7 . 5 7 . 4 7 . 6 8 . 0 7 . 7 8 . 0 7 . 9 8 . 8 8 . 4 8 . 7 7 . 6

7 . 9 8 . 7 9 . 1 9 . 7

1 1 . 8 1 0 . 8 1 0 . 8 1 3 . 2

[ 1 2 . 5 1 1 . 7 1 2 . 9 1 3 . 8

NET

'" 3 4 . 3 4 . 4 4 . 3 4 . 4 5 . 1 6 . 0 6 . 2 6 . 8 7 . 4 7 . 5 6 . 8

6 . 7 7 . 6 8 . 1 7 . 8 8 . 3 8.a 8 . 7 9 . 0 8 . 9 8 . 2 8 . 6 7 . 2

6 . 5 7 . 3 7 . 3 7 . 5 7 . 8 7 . 5 7 , 9 7 . 7 8 . 7 8 . 2 8 . 5 7 . 5

7 . 7 8 . 5 8 . 9 9 . 5

1 1 . 6 1 0 . 7 1 0 . 7 1 3 . 0 1 2 . 3

I 1 1 . 6 1 2 . 8

| 1 3 . 6




~ T 9 7 7 J A N ! . . F I B . . - J M A R . . . A P R . . . H A I . . - 1 J O N . . . JOX. . . A O G . . . S E P . O C T . . . N O V . . . E E C . . .

1 9 7 8 J A N . . . F E B . . . ] M A R . . . A P R . . . M A I . . . J O N . . . J O L . . . J AOG. . . S E P . . . O C T . . . NOV. . . D E C . . .

1 9 7 9 J A N . . . F E B . . . M A R . . . APR. . . M A Y . . . | J O N . . . JUL. . . A U G . . . SEP. . . O C T . . . J N O V . . . D E C . . .

1 9 8 0 J A N . . . F E B . . . J MAR. . . A P R . . . MAY. . . { J O N . . . J U L . . . A O G . . . S E P . . . O C T . . . | NCV. . . D E C - * .

CURRENCY

j 8 0 . 7 8 0 . 9 8 1 . 7 8 2 . 9 |

i 8 3 . 5 | 8 4 . 3 | 8 5 . 7 8 5 . 8 | 8 6 . 2 8 7 . 0 J 8 8 . 5 9 0 . 3

. 3 8 . 6 3 8 . 9 | 8 9 . 9 | 9 0 . 9 | 9 1 . 9 9 2 . 9 | 9 4 . 0 I 9 4 . 3 | 9 4 . 9 9 5 . 7

t 9 7 . 4 9 9 . 4

9 7 . 5 9 7 . 7 9 8 . 7 9 9 . 9

1 0 0 . 7 j 1 0 1 . 9 1 0 3 . 2 1 0 3 . 9 1 0 4 . 5 1 0 5 . 2 J 1 0 6 . 6 | 1 0 8 . 3 !

1 0 6 . 6 1 0 6 . 8 1 0 7 . 9 | 1 0 8 . 7 J 1 0 9 - 9 | 1 1 1 . 2 { 1 1 2 . 7 | 1 1 3 . 7 | 1 1 3 . 7 | 1 1 4 . 9 J

I 1 * 6 , 6 | \- 1 1 8 . 5 |

' DEMAND DEPOSITS'"" J

AT MEMBER BANKS

1 6 0 . 0 1 5 3 . 6 1

L 1 5 5 . 1 1 6 0 . 8 1 5 4 . 7 j 1 5 7 . 7 1 5 9 . 4 1 5 8 . 0 1 5 9 . 5 1 6 1 . 9 J 1 6 2 . 2 1 6 7 . 3

1 6 7 . 8 1 5 8 . 5 J 1 6 0 . 1 | 1 6 7 . 1 1 6 2 . 7 1 6 5 . 8 1 6 8 , 0 1 6 6 . 3 1 6 8 . 1

h 1 6 9 . 1 | 1 6 7 . 8 1 7 1 . 5 |

1 6 8 . 5 1 5 9 . 1 1 6 0 . 4 j 1 6 8 . 5 1 6 1 . 1 i 1 6 5 . 9 j 1 6 9 . 1 J 1 6 7 . 2 J 1 6 7 . 9 i 1 6 9 . 0 | 1 6 9 . 5 j 1 7 5 . 3

1 7 3 . 9 1 6 5 . 4 j 1 6 4 . 9 I 1 6 8 . 6 S 1 6 1 . 3 I 1 6 6 . 1 1 1 6 7 . 9 | 1 6 9 . 2 i 1 7 3 . 1 | V 7 5 . 7 | 1 7 5 . 7 |

i 1 7 7 . 2 |

AT DOMESTIC

NONMEMEER BANKS

HZT' 6 4 . 8 6 5 . 8

[ 6 9 . 3 6 7 . 7 6 9 . 6 7 0 . 0 6 9 . 0 7 0 . 6 7 1 . 5

I 7 3 . 1 7 5 . 3

7 5 . 5 7 2 . 8 7 3 . 2 7 7 . 0 7 5 . 4 7 7 . 9 7 8 . 7 7 8 . 0 8 0 . 4 8 1 . 3 8 3 . 0 8 4 . 8

8 3 . 3 8 0 . 5 8 1 . 2 8 6 . 0 8 3 . 1 8 5 . 2 8 6 . 2 8 5 . 3 8 7 . 3 8 7 . 8 8 8 . 5 9 0 . 3

8 8 . 9 8 6 . 6 8 6 . 5 j 8 7 . 0 8 4 . 3 8 6 . 2 I 8 7 . 9 8 8 . 3 J 8 9 . 9 9 1 . 5 9 2 . 7 i 9 2 . 7

AT FOREIGN RELATED BA-NKING OFFICES

LIlL3flJL-0iS^ 4 . 3 4 . 1 3 . 9 3 . 8 ^ 3 . 8

\ 3 . 8 4 . 4 4 . 6 4 . 7

| 4 . 9 4 . 9 4 . 4

4 . 5 4 . 7 4 . 3

r 4 . 9 4 . 5 4 . 8 4 . 6 4 . 5 5 . 0 4 . 9 4 . 9 5 . 2

5 . 4 4 . 9 5 . 2 4 . 9 5 . 1 5 . 5 5 . 4 5 . 4 5 . 7 6 . 0 6 . 0 5 . 6

6 . 0 6 . 5 6 . 7 J 5 . 7 5 . 9 6 . 3 j 6 . 9 6 . 1 i 5 . 9 5 . 9 6 . 1 J 6 . 2 |

' . ." 0THER~"CH5CKABLE DEPOSITS " I j

AT COMMERCIAL

BANKS

t74 1 . 4 1 . 5 1 . 5 1 . 4 1 . 5

I 1 . 6 1 . 6 1 . 7 1 . 8 1 . 3 1 . 9

1 . 9 1 . 9 2 . 0 2 . 1 2 . 0 2 . 1 2 . 1 2 . 2 2 . 3 2 . 3 3 . 6 5.3

6 . 8 7 . 7 8 . 8

1 0 . 1 1 0 . 1 1 1 . 0 1 1 . 7 1 2 . 1 1 2 . 5 1 2 . 5 1 2 . 4 1 2 . 8

1 3 . 4 1 3 . 6 1 3 . 9 1 4 . 8 1 4 . 2 1 5 . 5 1 6 . 9 1 8 . 0 1 8 . 9 1 9 . 8

, 2 0 . 6 i r~ 2 1 . 0

AT THRIFT

INST

T75 1 . 5 1 . 6 1 . 7 1 . 8 1 . 8 1 . 9

L 2 . 0 I 2 . 1

2 . 2 \ 2 . 2

2 . 4

2 . 4 2 . 5 2 , 5

\ 2 . 7 2 . 8 2 . 9 3 . 0 3 . 0 3 . 1 3 . 2 3 . 2 3.3

3 . 3 [ 3 . 3

3 . 5 3 . 7 3 . 8 3 . 8 3 . 9 4 . 1 4 . 1 4 . 2 4 . 2 4 . 2

4 . 3 4 . 3 4 . 6 | 4 . 8 4 . 8 4 . 9 | 5 . 1 5 . 2 5 . 6 |

[_.. 5 . 9 6 . 0 | 6 . 1 |

TOTAL

279 3 . 0 3 . 1 3 . 2 3 . 2 3 . 3 3 . 5 3 . 6 3 . 8 4 . 0

r 4 . 1 4 . 2

4 . 3 4 . 4 4 . 5 4 . 7 4 . 8 4 . 9 5 . 1 5 . 2 5 . 3

[ 5 . 4 6 . 8 8 . 6

1 0 . 2 1 1 . 0 1 2 . 3 1 3 . 8 1 3 . 9 1 4 . 8 1 5 . 7 | 1 6 . 2 1 6 . 6 j 1 6 . 6 j 1 6 . 5 j 1 7 . 0

1 7 . 7 | 1 7 . 9 | 1 8 . 4 j 1 9 . 5 | 1 9 . 0 | 2 0 . 4 J 2 2 . 0 J 2 3 . 2 2 4 . 6 |

L 2 5 . 7 | 26 . 6 |

l 2 7 . 1 |

~ CVERHIGHI BP"S~

GROSS

T275 12.9 13.7 13.7 15 .9 15.2 15 .4 16 .4 16 .7 16.4 18.0 17.9

17 .3 17.8 18.7 18 .5 19.3 17.5 18.2 19,7 19.4 19.8 2 1 . 2 22 .2

21 .8 22 .6 23 .5 2 4 . 3 26 .5 27.1 26 .2 26.2 27 .4 26 .8 24 .5 24 .1

25 .4 26 .7 25 .2 J 21.9 j 23 .5 25 .3 1 30 .0 31 .9 32 .3 31 .5 32.0 | 32 .8 |

NET

"1275" 12 .8 13.6 13 .5 15 .7 15 .0 15 .2 16-2 16 .5 16 .2

| 17.7 17 .6

17 .0 I 17 .5 | 18 .5 I 18 .2 1 19 .0

17.2 \ 17.9

19.3 19 .0

| 19 .5 2 0 . 9 2 1 . 9

21 .2 2 1 . 9 23 .1 2 3 . 9 2 5 . 9 2 6 . 3 25 .5 2 5 . 3 26 .2 2 5 . 3 2 2 . 5 2 1 . 7

23 .0 2 4 . 2 22.7 19.4 2 0 . 5 2 1 . 7 25 .5 27 .9 29 .2 28 . 1 2.7.9 2 8 . 5


TABLE 5 COMPONENTS OF MOSEY STOCK MEASURES AND LIQUID ASSETS


" " 1 9 6 9 " J A N T . . F E B . . . | M A R . . . | A P R . . . ' M A Y . . . I J U N . . . | J U L . . . ! A U G . . . ] S E P . . . | O C 1 . . . J N C V . . . J D E C . . .

1 9 7 0 J A N . . , F E B . . . M A R . . . APR. . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C T * . . N O V * . . D E C . . .

1 9 7 1 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N * . . . J U L . . . A U G . . . S I P . . . OCT. . . N O V , . . D E C . . .

1 9 7 2 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

OVEBNIGHT i EURODOLLARS j

oTo i 0 .0 | 0 .0 | 0 . 0 | 0 .0 j 0 .0 i 0 . 0 | 0 . 0 \ 0 .0 i 0 . 0 1 0 .0 J 0 .0 i

0 . 0 ! 0 .0 | 0 .0 | 0 .0 0 .0 1 0 .0 0 .0 0 . 0 J 0 .0 0 .0 0 .0 0 . 0

0 .0 0 .0 0 .0

1 0 . 0 0 .0 0 .0

I 0 .0 0 .0

| 0 .0 0 .0

I 0 .0 0 .0

0 .0 i 0 .0 | 0 . 0 I 0 .0 | 0 .0 i 0 . 0 | 0 . 0 1 0 .0 I 0 .0 | 0 . 0 | 0 .0 | 0 . 0

MONEY | MARKET | MUTUAL J FUNJ2S 1

0 . 0 | 0 . 0 1 0 . 0 | 0 . 0 | 0 .0 1 0 . 0 | 0 .0 1 0 .0 | 0 .0 I 0 .0 1 0 .0 J 0 .0

0 .0 0 .0 0 . 0 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 0 .0 0 . 0 0 .0 0 .0 0 .0

I 0 .0 I 0 .0 1 0 . 0

0 . 0

' 0 . 0 j 0 . 0 i 0 . 0 J 0 .0 | 0 . 0 I 0 .0 | 0 .0 | 0 . 0 J 0 .0 | 0 . 0 I 0 .0 I 0 .0

SAVINGS DEPOSITS . AT |

COMMERCIAL SIMS j 95 .4 | 9 4 . 9 | 9 5 . 4 | 9 4 . 9 | 9 4 . 4 I 9 4 . 4 | 9 3 . 5 | 9 2 . 8 j 9 2 . 6 | 9 2 . 6 | 9 3 . 0 | 9 3 . 1

9 2 . 6 9 1 . 8 I 9 2 . 4 9 2 . 6 9 2 . 8 93 .3 9 3 . 8 9 3 . 9 9 4 . 1 95 .1 9 6 . 0 97.1

98 .6 | 100.3 | 103.5 | 105.7 | 106.5 | 107.2 | 107.4 j 107.4 | 107.7 | 108.8 I 109.9 I 111.1

I 112.7 I 114.2 J 116.5 | 117.6 J 117.8 ] 118.8 1 119.4 | 119.7 | 120.1 | 121.1 | 122 .0 I 122-7

AT t SSL"S |

9 977 | 97 .9 l 9 8 . 4 | 9 7 . 8 i 9 6 . 9 | 9 7 . 2 1 9-5,6 1 9 3 . 5 | 9 3 . 5 | 9 3 . 2 J 9 2 . 6 | 9 2 . 8 i

9 0 . 9 i 8 7 . 9 | 8 7 . 1 J 86 .2 | 8 5 . 1 | 8 5 . 6 I 8 5 . 3 8 4 . 6 8 5 . 0 8 5 . 4 8 5 . 4 8 6 . 2

8 6 . 5 86 .5 8 7 . 7 8 8 . 8 8 9 . 8 9 1 . 2

I 92 .0 | 9 2 . 1 I 9 2 . 8 I 9 3 . 4 | 9 3 . 5

9 4 . 4

I 9 5 . 1 I 9 5 . 4 | 9 6 . 9 I 97 .9 I 9 8 . 2 i 9 9 . 4 | 100 .3 | 100 .5 I 101 .5 i 102 .3 | 102.7 | 103 .8

AT | MSB"S |

5975" | 59 .7 I 60 .1 J 6 0 . 2 i 60 .4 | 61 .0 | 61 .4 | 61 .4 J 61 .5 J 61 .4 J 61 .4 1 61 .7 !

61 .8 60 .8 J 59 .3 | 57 .7 i 56.6 | 56 .4 56 .2 | 56 .2 56 .6 I 5 7 . 0 57 .4 58.1

59 .1 59 .7 60 .4 j 61 .1 61 .5 62 .2 6 2 . 7 6 2 . 8 63 .0

I 63 .3 \ 63 .3

63 .7

63 .9 ! 64 .2 j 64 .9 I 65 .4 | 65 .6 | 66 .2 J 66 .6 ] 66 .6 | 66 .9 1 6 7 . 0 | 67 .2 J 67 .8

AT | CREDIT I PJISflfi J

12 .3 | 12 .4 | 125 J 12 .6 12 .7 ! 12 .9 | 13 .0 | 13 .0 | 13 .1 3 13 .2 | 13 .4 J 13 .5 ]

13 .7 | 13 .8 J 13 .9 | 14 .0 I 14 .2 | 14 .4 | 14 .5 | 14 .5 | 14 .6 14 ,8 15.0 J 15 .2

15 .4 15 .6 15 .9 | 16 .2 16 .4 16 .7 16 .9 17 .0 17 .2 17 .5 17 .7 17 .9

18 .2 18 .5

| 18 .8 19 .1

I 19 .3 | 19 .7 1 19 .9 | 19 .9 I 2 0 , 1 j 20*4 I 2 0 . 7 ! 2 1 . 0

TOTAL

26678 ' 265 .0 266 .4 2 6 5 . 5 264 .3 2 6 5 . 4 2 6 3 . 4 2 6 0 . 8 260 .6 2 6 0 . 4 2 6 0 . 3 261 .2

2 5 9 . 0 2 5 4 . 3 2 5 2 . 7 2 5 0 . 5 2 4 8 . 7 2 4 9 . 6 2 4 9 . 8 2 4 9 . 1 2 5 0 . 3 2 5 2 . 3 2 5 3 . 8 256 .6

2 5 9 . 5 262 .1 2 6 7 . 4 271 .7 274 .2 2 7 7 . 4 279 .1 279 .3 2 8 0 . 7 282 .9 2 8 4 . 5 287 .1

2 9 0 . 0 j 2 9 2 . 3 | 297 .1 j 3 0 0 . 0 I 3 0 0 . 9 j 3 0 4 . 1 I 3 0 6 . 2 | 3 0 6 . 8 j 3 0 8 . 6 i 310 .9 | 3 1 2 . 5 | 315 .3


TABLE 5 COMPONENTS OP MONEY STOCK MEASURES AND LIQUID ASSETS

(BIILICNS OF DCLLABS, NOT SEASONALLY ADJUSTED)

" l 9 7 3 ~ J A N 7 ^ | F E B . . . | M A B . . . | A F 8 . . . 1 M A Y . . . | J U N . . . J U L . . . | A U G . . . ! SEP. . . J O C T . . . | N O V . . . | D E C . . . ;

1 9 7 4 J A N . . . J F I B . . . | M A B . . . | A F B . . . ; M A Y . . . J U N . . . J U L . . ^ A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1 9 7 5 J A N . . . F E B . . . M A B . . . A P B . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . OCT. . . NOV. . . D E C . . .

1 9 7 6 J A N . . . F E B . . . M A B . . . A P B . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . C C I . . * N O V . . . DEC

OVERNIGHT | EUBCDOLLABS |

oTo """ i 0 . 0 I 0 . 0 l 0 . 0 | 0 . 0 | 0 . 0 |

. 0 . 0 J o.a i 0 . 0 | 0 . 0 | 0 . 0 | 0 . 0 |

0 . 0 0 . 0 I 0 . 0 | 0 . 0 | 0 . 0 0 . 0 0 . 0 j

r o.o 0 . 0 0 . 0 J 0 . 0 0 . 0

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

| 0 . 0 0 . 0

| 0 . 0 | 0 . 0 i 0 . 0

I o.o i O.C J 0 . 0 J 0 . 0 I 0 . 0 I 0 . 0 | 0 . 0 | 0 . 0 | 0 . 0 s o.o | 0 . 0 } 0 . 0

MONEY ~l MABKET j MUTUAL | FUNgS j

0 . 0 I 0 . 0 | o.a i 0 . 0 j 0 . 0 0 . 0 0 . 0 J 0 . 0 0 . 0 0 - 0 | 0 . 1 | 0 . 1

0 . 1 0 . 2 0 . 2 0 . 3 0 . 4 0 . 5 0 . 7 0 . 9 1 . 2 1 . 6 2 . 0 2 . 3

2 . 7 3 . 3 3 . 6

I 3 . 8 3 . 9

i 3 . 9 3 . 7

j 3 . 7 l 3 . 7

3 . 7 i 3 . 6 [ 3 6

3 . 7 r 3 . . 7 I 3 . 6 J 3 . 6 I 3 . 5 S 3 . 4 j 3 . 3 ! 3 . 3 J 3 . 3 | 3 . 3 j 3 . 4 | 3 . 4

AT | COMMERCIAL |

MM* i 1 2 3 . 5 J 1 2 3 . 5 t 1 2 4 . 7 | 1 2 5 . 2 I 1 2 5 . 7 | 1 2 6 . 6 | 1 2 6 . 4 | 1 2 4 . 9 |

\ 1 2 4 . 1 | 1 2 4 . 7 | 1 2 5 . 5 | 1 2 6 . 0

_ 1 2 7 . 1 1 2 7 . 6 1 2 9 . 4 1 3 0 . 8 1 3 0 . 9

\ 1 3 2 . 0 1 3 2 . 8 1 3 2 . 0 1 3 1 . 3 1 3 2 . 3

\. 1 3 3 . 4 1 3 4 . 5

1 3 6 . 1 | 1 3 7 . 6 I 1 4 1 . 2

1 4 4 . 6 | 1 4 6 . 6

1 5 0 . 4 I 1 5 2 . 4 I 1 5 2 . 5 | 1 5 2 . 8 i 1 5 4 . 1 J 1 5 6 . 1 I 1 5 8 . 7

! 1 6 3 . 0 I 1 6 9 . 4 | 1 7 4 . 8 J 1 7 9 . 0 | 1 8 1 . 3 | 1 8 1 . 8 | 1 8 3 . 2 | 1 8 4 . 7 1 1 8 6 . 6 | 1 9 0 . 6 I 1 9 4 . 6 I 1 9 8 . 8

SAVINGS DEPOSITS AT T

S&L"S !

ToTH 1 0 4 . 2 | 1 0 5 . 7 1 0 6 . 3 j 1 0 6 . 1 | 1 0 7 . 2 1 0 7 . 7 1 & 6 . 4 1 0 5 . 5 | 1 0 S . 4 i 1 0 5 . 1 | 1 0 5 . 5

1 0 5 . 4 1 0 4 . 9

t- 1 0 6 . 2 | 1 0 6 . 8 1 0 6 . 4 1 0 7 . 0 1 0 6 . 9 1 0 5 . 7 1 0 5 . 3 1 0 5 . 4 1 0 5 . 5 1 0 6 . 4

1 0 7 . 2 1 0 8 . 0 1 1 0 . 4 1 1 2 . 5 1 1 4 . 0

\ 1 1 6 . 5 | 1 1 8 . 1

1 1 8 . 5 1 1 9 . 3

| 1 2 0 . 1 J 1 2 0 . 7 | 1 2 1 . 5

| 1 2 2 . 3 I 1 2 3 . 4 i 1 2 5 . 9 j 1 2 7 . 5 | 1 2 8 . 2 I 1 2 9 . 6 j 1 3 0 . 6 | 1 3 0 . 9 | 1 3 1 . 9 5 1 3 3 . 1 | 1 3 3 . 8 r 1 3 4 . 7

AT | MSB"S |

6 8 7 0 | 6 7 . 9 1 6 8 . 3 | 6 8 . 4 | 6 8 . 2 1 6 8 . 5 J 6 8 . 1 | 6 6 . 5 i 6 5 . 4 | 6 4 . 9 J 6 4 . 4 | 6 4 . 7 !

64 . 8 6 4 . 7 J 6 5 . 2 J 6 5 . 2 6 4 . 6 j 6 4 . 5 | 6 4 . 4 6 3 . 7 6 3 . 4 6 3 . 3 6 3 . 4 6 3 . 8

6 4 . 0 1 6 4 . 3 I 6 5 . 3 | 6 6 . 1

6 6 . 6 | 6 7 . 6 | 6 8 . 2 | 6 8 . 1 I 6 8 . 2 } 6 8 . 3 | 6 8 . 5

6 9 . 0

6 9 . 4 J 6 9 . 8 i 7 0 . 8 I 7 1 . 4 1 7 1 . 5

7 2 . 0 I 7 2 . 5 \ 7 2 . 5 I 7 2 . 6 | 7 3 . 0 | 7 3 . 2 J 7 3 . 6

AT ! CF3EIT ! UNIONS j

2 T . 4 2 1 . 7 2 2 . 1 | 2 2 . 5 | 2 2 . 9 | 2 3 . 3 | 2 3 . 5 2 3 . 4 2 3 . 5 2 3 . 6 2 3 . 8 2 4 . 0

2 4 . 2 2 4 . 4 2 4 . 9 2 5 . 3 2 5 . 6 2 6 . 0 2 6 . 2 2 6 . 0 2 6 . 1 2 6 . 3 2 6 . 6 2 6 . 9

2 7 . 2 2 7 . 7

I 2 8 . 4 2 9 . 0 2 9 . 6 3 0 . 2 3 0 . 6 3 0 . 6 3 0 . 9 3 1 . 3 3 1 . 7 3 2 . 1

3 2 . 5 3 2 . 9 3 3 . 7 3 4 . 4 3 4 . 8 3 5 . 5 3 5 . 8 3 5 . 8

{ 3 6 . 2 3 6 . 7 3 7 . 1

| 3 T . 6

TOTAL

3T771 3 1 7 . 3 3 2 0 . 8 3 2 2 . 4 3 2 3 . 0 3 2 5 . 6 -3 2 5 . 8 3 2 1 . 1 3 1 8 . 4

[ 3 1 8 . 7 3 1 8 . 7 3 2 0 . 2

3 2 1 ^ 5 3 2 1 . 6 3 2 5 . 7

I 3 2 8 . 1 3 2 7 . 5

L 3 2 9 . 4 | 3 3 0 . 2

3 2 7 . 5 3 2 6 . 1 3 2 7 . 4

| 3 2 8 . 8 3 3 1 . 6

3 3 4 . 6 | 3 3 7 . 6 ! 3 4 5 . 2 I 3 5 2 . 2 | 3 5 6 . 7 \ 3 6 4 . 7 J 3 6 9 . 3 | 3 6 9 . 7 | 3 7 1 . 2 | 3 7 3 . 9 ? 3 7 6 . 9 I 3 8 1 . 3

! 3 8 7 . 1 j 3 9 5 . 6 I 4 0 5 . 1 j 4 1 2 . 3 | 4 1 5 . 8 | 4 1 3 . 8 | 4 2 2 . 1 | 4 2 3 . 9 1 4 2 7 . 3 t 4 3 3 . 5 J 4 3 8 . 7 3 4 4 4 . 8


TABLE 5 COMPONENTS CF MONEY STOCK MEASURES AND LIQUID ASSETS


1*977 JAN. . . | FEB. . . | MAR. . . j A P f r . . . | M A Y . . . 1 J O N . . . J U L . . . J A U G . . . | S E P . . . ' O C T . . . ; N O V . . . i D E C . . .

1 9 7 8 J A N . . . F E B . . . M A R . . . | A P R . . . MAY. . .J JOS., . . | J U L . . . J H U G . . . S E P . . . O C 2 . . . ; KGV D E C . . .

1 9 7 9 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . OCT. . . N O V . . . E E C . . .

1 9 8 0 J A N . . . F E B . . . MAR. . . A P R . . . M A Y . . . J U N . . . J U L . . . AUG. . . S E P . . . O C T . . . N O V . . . D E C . . .

OVERNIGHT EURODOLLARS j

oTo J 0 .1 | 0 . 2 | 0 . 3 | 0 .4 j 0 . 5 j 0 .5 | 0.6 j 0 .7 | 0 .8 | 0-.9 I

I 1.0

1.1 1.1 1 1.2 j 1.3 1.4 1.5 | 1.6 1.7 t . 7 1.8 1.9 2 . 0

2 . 3 r 2 .6

2 .8 2 .8 2 .8 2 .9 3 .0 3 . 3 3 . 6 3 . 5 3 . 2 3 . 6

4 .0 4 .1 3 . 6

I 2 .7 I 2 . 8

2 .9 I 3 . 6 | 3 . 7 I 3 . 7

4 .4 I 4 .7 t 4 .6

MONEY | MARKET | MUTUAL |

_ FUJP.S | 3 . 6 ~ | 3 . 8 | 3 . 8 J 3 . 7 | 3 . 6 | 3 . 5 J 3 . 4 j 3 . 4 | 3 . 5 | 3 . 5 J 3 . 6 j 3 . 8 |

4 . 2 1 4 . 8 5 .3 | 5 .8 | 6 .3 ] 6 .8 | 7 . 2 | 7 .8 8 .4 8 .9 | 9 .4

10 .3

12.1 14 .5 16 .8 1 9 . 2 2 1 . 8 2 4 . 6 2 8 . 0 3 1 . 2 3 3 . 7 3 6 . 9 40 .4 4 3 . 6

4S .1 \ 5 6 . 7 | 6 0 . 9 | 6 0 . 4 I 6 6 . 8 i 7 4 . 2 I 80 .6 | 8 0 . 7 | 7 8 . 2 | 7 7 . 4 | 7 7 . 0 t 7 5 . 8

SAVINGS DEPOSITS AT I

COMMERCIAL I BANKS |

2 0 3 . 4 J 206 .0 | 209 .7 j 2 1 2 . 6 I 2T3.3 J 213 .5 J 2 1 4 . 7 [ 215 .1 | 2 1 5 . 0 | 215 .9 | 215 .7 | 2 1 5 . 8 I

217 .7 ! 218 .1 | 2 2 0 . 1 | 221 .8 | 222 .0 | 222 .0 i 221 .5 2 2 0 . 7 | 220 .6 | 220 .6 | 217 .4 | 214. 1

211 .5 208 .7 I 208 .6 | 208. 1 206 .5 206 .7 207 .6 206 .7 204 .5 201.4 195.1 192.3

191.1 187.3 183.4

\ 178.0 J 176.7 | 181.2 | 187.6 | 190.8 | 191.6 [ 1 * 2 . * | 191.0 t 184.1

AT | S6L"S

13575 "1 136.1 137 .6 I 139 .4 | 139 .8 141 .5 | 142 .9 | 143 .4 | 144 .3 145 .2 145 .2 J 145 .8

146 .0 146 .0 I 147 .6 J 148 .2 147.9 I 147 .8 146 .3 144.9 144 .5 143.4 140 .2 137 .7

134 .8 132 .0 132.1 131 .2 129 .9 131.0

\ 132.1 131 .4 129.4 124 .8 119.6 118.1

116 .5 113 .5 111.1 106 .8 104 .8

I 108 .3 112 .9 116 .0 117 .7

\ 117 .2 \ 1 1 4 . 0 I 109 .0

AT | MSBS |

" 747b"" | 7 4 . 2 1 75 .0 \ 7S.7 | 7 5 . 7 J 76 .1 i 76 .4 J 76 .4 J 76 .7 J 76 .8 i 76 .7 7 7 . 0 |

77 .1 77 .0 J 77 .5 | 77 .6 I 77 .4 | 76 .9 | 75 .8 i 74 .9 i 74.6 | 73 .8 J 72 .3 I 71 .1 |

6 9 . 5 | 68 .0 J 67 .8 | 67 .2 66 .5 ! 66 .7 j 66 .6 J 65 .9 j 65 .0 62 .9 | 60 .7 j 59 .9

59 .0 57 .5

J 56 .3 | 5 4 . 3

53.2 54 .2 55 .7 56 .6 57 .0

I 56 .7 | 55 .4 } 54-. 2

A3 CREEIT UNICNS t

3 8 . 2 1 3 8 . 7 | 3 9 . 6 | 4 0 . 2 1 4 0 . 7 | 4 1 . 7 | 4 2 . 2 4 2 . 2 4 2 . 8 ] 4 3 . 4 4 3 . 8 4 4 . 5

45 .1 4 5 . 6 | 4 6 . 7 J 4 7 . S 4 7 . 8 j 4 8 . 6 | 48 .9 4 8 . 7 4 9 . 1 4 9 . 5 4 9 . 4 4 9 . 7

4 8 . 8 4 8 . 1 48 .6 4 8 . 3 J 4 7 . 5 47 .9 47 .9 4 7 . 1 4 6 . 7 4 5 . 5 44 .0 43 .9

4 3 . 3 4 2 . 6 4 2 . 9 4 2 . 7 4 2 . 2 4 3 . 2 4 4 . 9 4 5 . 5 46 .0 4 6 . 2

r 4 5 . 4 r 4 4 . 2

TOTAL

45176" *~~ 4 5 5 . 0 4 6 1 . 9 4 6 7 . 9 469 .4 4 7 2 . 7 4 7 6 . 1 4 7 7 . 1

\ 478.& 4 8 1 . 3 481 .5 483 .1

4 8 5 . 9 4 8 6 . 7 4 9 1 . 9 495 .1 4 9 5 . 0 495 .4 4 9 2 . 5 4 8 9 . 2 4 8 8 . 8 4 8 7 . 2 4 7 9 . 3 4 7 2 . 6

4 6 4 . 7 4 5 6 . 9 4 5 7 . 1 4 5 4 . 8 450 .3

| 452 .3 4 5 4 . 2 451 .1 4 4 5 . 6 4 3 4 . 6 4 1 9 . 3 4 1 4 . 1

4 0 9 . 8 4 0 0 . 9

i 3 9 3 . 6 | 3 8 1 . 8 | 3 7 6 . 9 | 386 .9 | 4 0 1 . 0

4 0 8 . 8 | 4 1 2 . 4 | 4 1 2 . 9 | 4 0 5 . 8 \ 3 9 t . 5 ^


TABLE 6 COHPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS


1 9 6 9 J A N . . . F E B . . . ! MAR. . . | A P R . . . I M A Y . . . ! J U N . . . | J U L . . . | AUG. . . | S E P . . . OCT. . . I N O V . . . | D E C . . .

1 9 7 0 J A N . . . F E B . . . j M A R . . . J A P R . . . J M A Y . . . J U N . . . | J U L . . . AUG. . . S E P . . . CCT. . . NOV. . . D E C . . .

1 9 7 1 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . OCT. . . NOV. . . DEC. . .

1 9 7 2 J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N . .. J U L . . . AUG. . . S E P . . . O C T " . . . NOV DEC. . .

AT | COMMERCIAL!

BANKS !

" ~ 6 4 . 3 , 6 6 . 0 | 6 7 . 2 j 6 8 . Q | 6 8 . 5 ! 6 9 . 4 | 7 0 . 4 J 7 0 . 8 7 1 . 4 7 1 . 6 | 7 0 . 7 J 7 0 . 8 J

7 1 . 5 7 2 . 6 J 7 3 . 3 | 7 2 . 9 J 7 3 . 7 7 5 . 4 7 5 . 4 7 6 . 0 7 7 . 0 7 T . 8 7 7 . 9 7 8 . 6

8 0 . 4 8 3 . 4 8 5 . 8 8 7 . 5 8 8 . 7 9 0 . 0

| 9 0 . 1 9 0 . 8 9 2 . 0

I 9 2 . 8 9 3 . 4 9 3 . 8

9 5 . 8 9 8 . 0

| 1 0 0 . 0 ! 9 9 . 4

9 9 . 9 J 1 0 1 . 3 ! 1 O 3 . 0 t 1 0 4 . 1

1 0 5 . 4 j 1 0 6 . 9 J 1 0 6 . 7 ! T 0 7 . 5

SMALL DENOMINATION TI

AT S&L"S

3 l l 9 3 3 . 9 1 3 4 . 5 { 3 5 . 4 3 6 . 4 3 7 . 0 j 3 8 . 7 4 0 . 3 4 0 . 7 4 1 . 3 4 1 . 7 4 2 . 2

4 3 . 9 4 6 . 2 4 7 . 8 4 9 * 6 5 1 . 1 5 1 . 9 5 3 . 2 5 4 . 4 5 5 . 1 5 6 . 1 5 7 . 1 5 8 . 2

6 0 . 5 6 2 , 9 6 5 . 0 6 6 . 9 6 8 . 0 6 9 . 1 7 0 . 6 7 1 . 8

! 7 2 . 9 I 7 4 . 3

7 5 . 6 7 7 . 0

7 9 . 5 8 2 . 1

I 8 4 . 0 8 6 . 0 8 7 . 6

J 8 9 . 3 i 9 1 . 3 I " 9 3 . 0 f 9 4 . 5

9 6 . 3 9 7 . 8

\ 9 9 . 3

AT | MUTUAL 1 SAVINGS |

L BANKS ! 4 . 9 | 4 . 9 J 5 . 0 | 5 . 1 I 5 . 0 I 4 . 7 | 4 . 4 { 4 . 3 | 4 . 5 ! 4 . 6 J 4 . 8 J 4 . 8 !

4 . 9 ] 6 , 0 J 7 . 9 J 9 . 8 |

1 1 . 0 1 1 . 6 | 1 2 . 2 J 1 2 . 5 1 2 . 5 j 1 2 . 4 I 1 2 . 4 ! 1 2 . 5

1 2 . 5 1 2 . 7 1 3 . 3 I 1 3 . 8 j 1 4 . 2 1 4 . 4 1 4 . 6 | 1 4 . 8 1 5 . 2 j

I 1 5 . 5 1 6 . 0 1 6 . 6

1 7 . 3 I 1 8 . 0

1 8 . 4 ! 1 8 . 9 1 1 9 . 3 I 1 9 . 5 I 2 0 . 0 I 2 0 . 6 I 2 t . O [ 2 1 . 6 K 2 2 . 0 \ 2 2 . 4

ME DEPOSITS AT ~]

CREDIT | UNIONS |

r _ 0 . 0 \ 0 . 0 | 0 . 0 | 0 . 0 i 0 . 0 J 0 . 0 1 0 . 0 | 0 . 0 1 0 . 0 | 0 . 0 J 0 . 0 i

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

o.c 0 . 0 0 . 0 0 . 0 0 . 0

r o.o

I ~ J j _ LARGE_DEN0MINAT1

TOTAL

ToTTT 1 0 4 . 7 1 0 6 . 7 1 0 8 . 5 j 1 0 9 . 9 1 1 1 . 1 1 1 3 . 5 1 1 5 . 4 1 1 6 . 6 1 1 7 . 5 1 1 7 . 2 1 1 7 . 8

1 2 0 . 3 1 2 4 . 8 1 2 9 . 1 1 3 2 . 3 1 3 5 . 8 1 3 8 . 9 1 4 0 . 8 1 4 2 . 9 1 * 4 . 5 1 4 6 . 4 1 4 7 . 5 1 4 9 . 3

1 5 3 . 5 1 5 9 . 1 1 6 4 . 0 1 6 8 . 2 1 7 0 . 9 1 7 3 . 5 1 7 5 . 3 1 7 7 . 5 1 8 0 . 1 1 8 2 . 7 1 8 5 . 0 1 8 7 . 4

1 9 2 . 5 1 9 8 . 0 2 0 2 . 4 2 0 4 . 3 2 0 6 . 8

L 2 1 0 . 1 2 1 4 . 3 2 1 7 . 6 2 2 0 . 9 2 2 4 . 8

\ 2 2 6 . 6 2 2 9 . 2

AT | COMMERCIAL!

BANKS |

357aT , 3 4 . 3 | 3 3 . 2 | 3 2 . 8 J 3 2 . 4 \ 3 0 . 5 J 2 7 . 2 I 2 5 . 3 | 2 3 . a | 2 2 . 5 J

\ 2 1 . 3 ! 2 0 . 5

1 9 . 6 1 9 . 0 2 0 . 2 J 2 3 . 9 2 4 . 9 2 4 . 1 2 9 . 5 3 4 . 6 3 8 . 0 4 0 . 6 4 1 . 9 4 4 . 5

4 7 . 2 4 8 . 5 4 9 . 6 4 7 . 8 4 8 . 4 4 8 . 7 4 9 . 7 5 1 . 5 5 2 . 2

! 5 4 . 2 5 4 . 0 5 6 . 2

5 7 . 4 5 7 . 4 5 6 . 6

i 5 8 . 5 J 6 1 . 8 ! 6 2 . 1 J 6 2 . 4 ! 6 6 . 3 I 6 7 . 6 3 6 8 . 0 \ 6 8 . 7 I 7 0 . 7

AT S S L " S

o7o 0 . 0 0 . 0 ! 0 . 0 0 . 0 0 . 0 o-.o 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 0 0 . 1 0 . 1 0 . 2 0 . 2 0 . 3 0 . 3 0 . 4 0 . 4 0 . 5 0 . 5 0 . 6

0 . 7 0 . 7 0 . 8 0 . 8 0 . 9 0 . 9 1 . 0 1 . 0 1 . 1 1 . 1 1 . 2 1 . 2

1 . 3 1 . 3 1 . 4 1 . 5 1 . 5 1 . 6

[ 1 . 7 h 1 . 7 I 1 . 8

1 . 9 [ K ? f Z . O

ON TIME DEPOSITS AT ~ "

MUTUAL | SAVINGS J

L. BANKS J o7o ""i 0 . 0 I 0 . 0 J 0 . 0 J 0 . 0 0 . 0 J 0 . 0 0 . 0 0 . 0 J 0 . 0 0 . 0

\ 0 . 0

0 . 0 0 . 0 0 . 0 I 0 . 0 0 . 0 0 . 1 0 . 1 0 . 1 0 . 1

| 0 . 1 0 . 1 0 . 1

0 . 1 0 . 1 0 . 2

I 0 . 2 0 . 2

I 0 . 2 r 0 . 2 ! 0 . 2 } 0 . 2

0 . 2 I 0 . 2 ! 0 . 2

! 0 . 3 J 0 . 3 1 0 . 3 ! 0 . 3 J 0 . 3 1 0 . 3 ! 0 . 3 r 0 . 3 1 0 . 3 F 0 . 3 I S . 4 ! 0 . 4

TOTAL

3578 3 4 . 3 3 3 . 2 3 2 . 8 3 2 . 4 3 0 . 5 2 7 , 2 2 5 . 3 2 3 . 8 2 2 . 5 2 1 . 3 2 0 . 5

1 9 . 6 1 9 . 1 2 0 . 4 2 4 , 1 2 5 . 2 2 4 . 5 2 9 . 9 3 5 . 0 3 8 . 5 4 1 . 2 4 2 . 6 4 5 . 2

4 8 . 0 4 9 . 4 5 0 . 5 4 8 . 8 4 9 . 5 4 9 . 8 5 0 . 9 5 2 . 7 5 3 . 5

| 5 5 . 6 5 5 . 4 5 7 . 6

5 9 . 0 5 9 . 0

| 5 8 . 3 6 0 . 3 6 3 . 7 6 4 . 1

| 6 4 . 4 | 6 8 . 4

6 9 . 8 I 7 0 . 3 | 7 1 . 1 f 73 . 1




1973 J A N . . . FEB. . . | MAR. . . ! A P R . . . | M A Y . . . I JUN. . . J U L . . . | A U G . . . SEP. . . | CCT. . . | N O V . . . D E C . . .

1974 J A N . . . F E B . . . J M A S . . | APR. . . | M A Y . . . JUN. . . J U L . . . AUG. . . S E P . . . OCT. . . N O V . . . D E C . . .

1975 J A N . . . F E B . . . MAR. . . A P f i . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1976 J A N . . . FEB. . . MAR. . . A P R . . . M A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C I . . . -N O V . . . D E C . . .

AT | COMMERCIAL!

BANJOS I

TTbTs 1 1 2 . 5 | 112 .9 | 1 1 3 . 8 I 1 1 4 . 8 1 1 1 6 . 1 | 1 1 5 . 2 I 1 1 7 . 0 | 1 1 5 . 0 J 114 .4 1 1 5 . 0 1 1 1 6 . 0

1 1 7 . 7 1 2 0 . 2 | 1 2 2 . 4 I 1 2 2 . 2 1 2 2 . 1 1 2 2 . 4 1 2 1 . 8 1 2 2 . 5 123 .2 1 2 4 . 6 124 . 1 1 2 2 . 6

1 2 4 . 4 1 2 7 . 3 1 3 0 . 0 1 3 1 . 9 1 3 3 . 5 1 3 5 . 4 1 3 7 . 4

| 1 3 8 . 7 | 1 3 9 . 4 J 1 4 0 . 7 J 1 4 0 . 8 i 1 4 2 . 2

| 1 4 4 . 0 | 1 4 5 . 0 | 1 4 3 . 7 | 1 4 3 . 4 | 1 4 5 . 7 | 1 4 6 . 3 i 1 4 7 . 4 I 1 4 9 . 7 | 1 5 3 . 0 t 1 5 5 . 5 | 1 5 5 . 4 1 5 6 . 3

~SMALL~DENOMINATION T I

AT | SSLMS |

To 2"7o i 1 0 4 . 6 | 1 0 5 . 8 | 1 0 7 . 3 { 1 0 8 . 8 | 1 1 0 . 2 I 1 1 1 . 2 | 1 1 1 . 7 | 1 1 2 . 9 | 1 1 4 . 2 I 1 1 5 . 5 | 1 1 7 . 0 |

1 1 9 . 6 1 2 1 . 9 | 1 2 3 . 5 I 1 2 4 . 8 J 1 2 5 . 3 J 1 2 6 . 3 1 2 7 . 4 1 2 7 . 7 1 2 8 . 2 | 1 2 8 . 8 | 1 2 9 . 3 1 3 0 . 4

1 3 2 . 7 1 3 4 . 9 1 3 7 . 1 1 3 9 . 5 1 4 1 . 4 1 4 3 . 9

! 1 4 6 . 8 i 1 4 8 . 7 J 1 5 0 . 5 I 1 5 2 . 6 I 1 5 4 . 2 | 1 5 6 . 5

| 1 6 0 . 5 i 1 6 4 . 0 I 1 6 6 . 9 I 1 7 0 . 2 J 1 7 2 . 5 ! 1 7 4 . 9 j 1 7 7 . 7 I 1 7 9 . 7 | 1 8 2 . 3 J 1 8 5 . 4 I 1 8 7 . 7 j 1 9 1 . 1

AT | MUTUAL i SAVINGS |

BANKS J 2 3 . 2 | 2 3 . 9 | 2 4 . 3 | 2 4 . 8 1 2 5 . 3 I 2 5 . 6 1 2 6 . 3 I 2 7 . 5 J 2 8 . 4 | 2 9 . 0 | 2 9 . 6 ! 3 0 . 1 i

3 0 . 7 ! 3 1 . 2 | 3 1 . 6 3 1 . 8 | 3 1 . 9 | 3 2 . 0 3 2 . 3 j 3 2 . 3 3 2 . 4 3 2 . 5 | 3 2 . 6 3 2 . 9

3 3 . 4 3 3 . 8 3 4 . 3 3 4 . 8 3 5 . 2 3 5 . 7 3 6 . 3 3 6 . 7 3 7 . 0 3 7 . 5

I 3 7 . 9 3 8 . 5

, 3 9 . 3 3 9 . 9

I 4 0 . 4 | 4 1 . 1 | 4 1 . 7 I 4 2 . 2 I 4 2 . 7 \ 4 3 . 2 | 4 3 . 9 | 4 4 . 6 I 4 5 . 2 | 4 6 . 1

ME DEPOSITS AT 1

CREDIT | UNIONS |

oTo i 0 . 0 | 0 . 0 | 0 . 0 | 0 . 0 | 0 . 0 1 0 . 0 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 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 0 0 . 0 0 . 0 0 . 0

I 0 . 0 I 0 . 0

0 . 0 0 . 0

I 0 . 0 0 . 0

I 0 . 0 0 . 0

I 0 . 0 I 0 . 0 ! 0 . 0 I 0 . 0 I 0 . 0 f 0 . 0 f 0 . 0 I 0 . 0 I 0 . 0 i 0 . 0 I 0 . 0 I 0 . 0

TOTAL |

23578 " 24 0 .9 | 2 4 3 . 0 | 2 4 5 . 9 | 2 4 8 . 9 | 2 5 2 . 0 I 2 5 2 . 6 | 2 5 6 . 1 | 2 5 6 . 3 | 2 5 7 . 6 J 2 6 0 . 1 2 6 3 . 1

2 6 8 . 0 2 7 3 . 3 J 2 7 7 . 5 2 7 8 . 8 2 7 9 . 3 2 8 0 . 8 2 8 1 . 4 2 8 2 - 5 2 8 3 . 7 2 8 5 . 9 2 8 6 . 0 2 8 5 . 9

2 9 0 . 4 2 9 5 . 9 3 0 1 . 4

| 3 0 6 . 2 | 3 1 0 . 1 | 3 1 5 . 0 I 3 2 0 . 5 I 3 2 4 . 0 | 3 2 6 . 9 | 3 3 0 . 8 I 3 3 2 . 8 I 3 3 7 . 2

| 3 4 3 . 8 | 3 4 8 . 9 I 3 5 1 . 1 | 3 5 4 . 7 | 3 5 9 . 8 I 3 6 3 . 5 I 3 6 7 . 8 I 3 7 2 . 7 I 3 7 9 . 2 1 3 8 5 . 5 \ 3 8 8 . 3 | 3 9 3 . 5

LARGE DENOMINATION TIME*"DEPOSITS " "IT I

COMMERCIAL J BANKS {

7273 ""~| 7 6 . 2 j 8 3 . 6 | 8 6 . 8 | 8 9 . 6 j 8 8 . 9 | 9 3 . 2 |

1 0 2 . 2 | 1 0 8 . 1 ! 1 0 8 . 8 | 1 0 6 . 0 1 1 0 7 . 6 |

1 1 2 . 0 1 1 4 . 1 j 1 1 5 . 0 | 1 2 1 . 6 ! 1 2 8 . 3 | 1 3 0 . 4 1 3 3 . 1 1 3 7 . 8 139 .2 1 3 9 . 1 I 1 3 5 . 6 1 1 3 9 . 7

1 4 2 . 1 1 3 9 . 1 1 3 5 . 5 1 3 0 . 7

| 128 .9 1 2 5 . 2 1 2 2 . 7

I 1 2 3 . 2 I 1 2 4 . 0 | 1 2 4 . 9 | 1 2 4 . 7 I 1 2 4 . 7

I 1 2 2 . 1 | 1 1 8 . 1 I 1 1 8 . 8 I 1 1 7 . 9 I 1 1 4 . 8 1 1 1 6 . 8 | 1 1 7 . 5 j 1 1 5 . 7 | 1 1 3 . 7 1 1 1 1 . 7 J 1 1 0 . 5 i 1 1 2 . 1

AT | SSLS ,

-2 . 2 | 2 . 2 | 2 . 3 ! 2 . 4 | 2 . 4 j 2 . 5 J 2 . 6 | 2 . 6 | 2 . 7 2 . 9 | 3 . 0

3 . 1 3 . 2 I 3 . 4 | 3 . 5 I 3 . 5 J 3 . 6 | 3 . 6 3 . 7 | 3 . 7 3 . 9 4 . 1 4 . 4

4 . 7 4 . 9 5 . 2 5 . 3 5 . 3 5 . 3 5 . 3 5 . 3 5 . 3 5 . 3 5 . 4 5 . 5

5 . 5 5 . 6 5 . 6

I 5 . 6 \ 5 . 6 I 5 . 7 I 6 . 0 I 6 . 3 1 6 . 5 I 6 . 7 I 6 . 8 I 6 . 6

AT \ MUTUAL | SAVINGS |

BANKS 0 . 4 ! 0 . 4 | 0 . 4 | 0 . 4 | 0 . 4 1 0 . 4 1 0 . 4 i 0 . 5 J 0 . 5 | 0 . 5 | 0 . 5 | 0 . 5 ;

0 . 5 ; 0 . 5 | 0 . 5 | 0 . 5 0 . 5 j 0 . 6 0 . 6 0 . 6 | 0 . 7 0 . 7 | 0 . 8 | 0 . 8

0 . 8 0 . 9 0 . 8 0 . 8 0 . 8 0 . 8 0 . 7

I 0 . 8 0 . 8

| 0 . 8 I 0 . 8

0 . 7

I 0 . 8 | 0 . 7 | 0 . 7 | 0 . 7 J 0 . 7 I 0 . 7 | 0 . 7 1 0 . 8 | 0 . 8 I 0 . 8 I 0 . 8 J 0 . 8

TOTAL

~7478 7 8 . 7 86 2 8 9 . 5 9 2 . 4 9 1 . 8 9 6 . 1

1 0 5 . 2 1 1 1 . 2 112 .0 1 0 9 . 3 1 1 1 . 1

1 1 5 . 6 1 1 7 . 8 1 1 8 . 9 1 2 5 . 6 1 3 2 . 3 1 3 4 . 5 137 .3 1 4 2 . 1 1 4 3 . 6 1 4 3 . 7 1 4 0 . 5 1 4 4 . 9

1 4 7 . 6 144 .9 1 4 1 . 5 1 3 6 . 8 1 3 5 . 1 1 3 1 . 3 1 2 8 . 8

I 1 2 9 . 3 I 1 3 0 . 1

1 3 1 . 0 I 1 3 0 . 8

130 .9

! 1 2 8 . 4 ! 1 2 4 . 4 I 1 2 5 . 1 I 1 2 4 . 2 i 1 2 1 . 1 r 1 2 3 . 2 I 1 2 4 . 2 1 1 2 2 . 8 I 1 2 1 . 0 I 1 1 9 . 2 I 1 1 8 . 0 | T 1 9 . 7


TABLE 6 COMPONENTS CF MONEY S1CCK MEASURES AND LIQUID ASSETS

(BILLIONS OF DOLLARS, MOT SEASONALLY ADJUSTED)

T977 J A N . . . F E B . . . M A R . , . A P R . . . H A Y . . . JDH. . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . C E C . . .

1978 J A N . . . F I B . . . M A R . . . A P R . . . M A Y . . . JUN. . * J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . C E C . . .

1979 J A H . . . F E B . . . M A R . . . A P R . . . M A Y . . . J U N . . . J U L . . . AUG. . . S E P . . . O C T . . . N O V . . . D E C . . .

1980 J A H . . . F E B . . . M A R . . . A P R . . * H A Y . . . JON. . . J U L . . . A U G . . . S I P . . . c c i . . . N O V . . . D E C . . .

SMALL D E N O M I N A T I O I T T I M E DEPOSITS ~] AT

COMMERCIAL! BANKS

1 5 8 . 9 1 6 1 . 3 1 6 3 . 4 1 6 4 . 8 1 6 6 . 9 1 6 8 . 4 1 6 8 . 6 1 6 8 . 4 | 1 6 8 . 9 | 1 6 9 . 3 1 6 8 . 3 I 1 6 9 . 0

1 7 1 . 3 1 7 3 . 1 J 1 7 4 . 1 J 1 7 4 . 2 1 7 5 . 4 1 7 7 . 0 1 7 8 . 1 1 7 9 . 2 I 1 8 1 . 7 1 8 4 . 2 j 1 8 4 . 8 1 8 5 . 9

1 9 3 . 0 1 9 6 . 2 1 9 8 . 7 2 0 2 . 6 2 0 6 . 9 2 1 1 . 0 2 1 3 . 5 2 1 7 . 6

I 2 2 2 . 1 2 2 8 . 1 2 3 5 . 2 2 3 9 . 3

2 4 5 . 5 | 2 5 2 . 1 j 2 6 1 . 0

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

! 2 7 3 . 2 2 7 5 . 0 2 7 8 . 4

I 2 8 2 . 7 I 2 9 1 . 3

AT SL"S

T i O 1 9 9 . 7 2 0 3 . 0 2 0 6 . 3 2 0 8 . 5 2 1 1 . 5 2 1 5 . 0 2 1 7 . 6 2 2 0 . 9 2 2 4 . 2 2 2 6 . 2 2 2 9 . 0

2 3 2 . 5 2 3 4 . 5 2 3 7 . 0 2 3 9 . 6 2 4 0 . 7 2 4 4 . 8 2 5 0 . 8 2 5 4 . 4 2 5 8 . 7 2 6 4 . 2 2 6 9 . 6 2 7 5 . 8

2 8 3 . 3 2 8 9 . 1 2 9 4 . 3 2 9 8 . 3 2 9 9 . 2 3 0 1 . 1 3 0 2 . 9 3 0 4 . 0 3 0 7 . 9 3 1 4 . 4 3 1 9 . 5 3 2 2 . 4

3 2 5 . 7 | 3 2 9 . 1

3 3 3 . 8 3 3 9 . 3 3 4 1 . 7 3 4 1 . 7 3 4 0 . 2 3 3 8 . 5 3 3 9 . 8 3 4 3 . 7 3 4 9 . 1 |

\ 3 5 8 . t

AT MUTUAL SAVINGS

BANKS 4 7 . 0 4 7 . 6 4 8 . 2 4 8 . 5 4 8 . 9 4 9 . 7 5 0 . 4 5 0 . 8 5 1 . 3 5 2 . 0 5 2 . 6 5 3 . 2

5 4 . 0 5 4 . 6 5 5 . 2 5 5 . 7 5 6 . 1 5 7 . 3 5 9 . 2 6 0 . 2 6 1 . 3 6 2 . 8 6 4 . 6 6 6 . 6

6 9 . 0 7C .9 7 2 . 4 7 3 . 4 7 3 . 6 7 3 . 8 7 4 . 0 7 4 . 3 7 5 . 4 7 7 . 1 7 8 . 6 7 9 . 7

8 0 . 7 8 1 . 7 8 3 . 3 8 5 . 6 8 6 . 9 8 7 . 1 8 6 . 9 8 6 . 8

[ 8 7 . 3 8 8 . 5

\ 9 0 . 0 9 2 . 1

AT CREDIT UNIONS

0T0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 1 0 . 2 0 . 3 0 . 4 0 . 6

| 0 . 7 | 0 . 8

0 . 9 | 1.0

1.2 I 1.3

1.4

1 .8 2 . 4 3 . 0 4 . 0 5 . 0 5 . 6 6 . 3 7 . 1 7 . 9 8 . 7

I 9 . 5 j 9 . 8

1 0 . 2 1 0 . 5 1 0 . 9 1 1 . 2 1 2 . 0 1 2 . 4 1 2 . 2 1 2 . 6 1 2 . 7 1 3 . 1 1 4 . 1 I T5.4 j

TOTAL

40T79 4 0 8 . 6 4 1 4 . 6 4 1 9 . 7 4 2 4 . 4 4 2 9 . 7 4 3 4 . 1 4 3 6 . 8 4 4 1 . 1 4 4 5 . 5 4 4 7 . 1 4 5 1 . 3

4 5 7 . 8 4 6 2 . 4 4 6 6 . 6 4 7 0 . 0 4 7 2 . 8 4 7 9 . 8 4 8 8 . 9 4 9 4 . 8 5 0 2 . 7 5 1 2 . 4 5 2 0 . 3 5 2 9 . 8

5 4 7 . 1 5 5 8 . 6 5 6 8 . 4 5 7 8 . 3 5 8 4 . 7 5 9 1 . 5 5 9 6 . 7 6 0 3 . 1 6 1 3 . 2 6 2 8 . 3 6 4 2 . 9 6 5 1 . 2

6 6 2 . 0 6 7 3 . 4 6 8 9 . 0 7 0 7 . 9 7 1 6 . 4 7 1 6 . 6 7 1 2 . 9 7 1 1 . 1 7 1 4 . 9 7 2 3 . 7

r 7 3 5 . 9 7 5 7 . 0 j

I LARGE DENOMINATION TI.4E DEPOSITS AT

COMMERCIAL BANKS

1 1 1 . 3 1 1 0 . 8 1 1 0 . 9 1 0 9 . 6 1 1 0 . 4 1 1 2 . 9 1 1 5 . 6 1 1 9 . 8 1 2 2 . 2 1 2 6 . 6 1 3 1 . 8 1 3 7 . 7

1 4 0 . 1 1 4 2 . 5 1 4 7 . 6 1 5 0 . 3 1 5 5 . 4 1 5 7 . 1 1 6 0 . 2 1 6 4 . 8 1 6 7 . 3 1 6 8 . 7 1 7 7 . 4 1 8 2 . 4

1 8 3 . 0 1 8 4 . 4 1 8 3 . 7 1 7 9 . 2 1 7 8 . 3 1 7 3 . 8 1 7 4 . 1 1 7 7 . 9 1 8 3 . 6 1 8 9 . 0 1 9 1 . 4 1 9 3 . 0

1 9 2 . 4 1 9 4 . 9 1 9 7 . 0 195 .9 1 9 6 . 2 1 8 9 . 8 1 8 4 . 6 1 8 5 . 4 1 8 7 . 7 1 9 0 . 6 j

t 1 9 8 . 9 \ 2 0 9 . 8

AT S8L"S

efTe 6 . 8 7 . 0 7 . 2 7 . 4 7 . 8 8 . 1 8 . 4 8 . 6 8 . 7 8 . 7 8 . 9

9 - 3 L 9 . S

1 0 . 4 1 1 . 1 1 1 . 7

I 1 2 . 2 1 2 . 6 1 3 . 1 1 3 . 5 1 3 . 7 1 3 . 9 1 4 . 1 j

1 4 . 8 1 5 . 5 1 5 . 9 1 6 . 3 1 7 . 1 1 8 . 6 2 0 . 1

I 2 1 . 3 2 2 . 4

| 2 3 . 8 2 5 . 4 2 6 . 8

2 8 . 4 2 9 . 9 3 0 . 6 3 1 . 6 3 2 . 8 3 3 . 5 3 4 . 1 3 5 . 0 3 5 . 9 3 7 . 1 3 8 . 0

[ 3 9 . 0 J

AT MUTUAL SAVINGS

BANKS 0 . 8 C.8 0 . 8 0 . S C.9 0 . 9 0 . 9 0 . 9 1.0 1.0 1.0 1.0

1.1 1 .1 1.2 1.2 1.3 1 .3 1.4 1.5 1.6 1.6 1.7 1.7

1.8 1.8 1.8 1.9 2 . 0

! 2 . 1 2 . 2

I 2 . 3 2 . 4 2 . 5 2 . 6 2 . 7

2 . 8 2 . 8 2 . 8

I 2 . 9 2 . 9 2 . 9 2 . 9 2 . 9 2 . 9 2 . 9 I 3 . 0 3 . 0

TOTAL

TTO 1 1 8 . 4 1 1 8 . 7 1 1 7 . 6 1 1 8 . 7 1 2 1 . 6 1 2 4 . 6 1 2 9 . 2 1 3 1 . 8 1 3 6 . 3 1 4 1 . 5 1 4 7 . 7

1 5 0 . 5 1 5 3 . 5 1 5 9 . 3 1 6 2 . 7 1 6 8 . 3

I 170 *6 1 7 4 . 2 1 7 9 . 4

| 1 8 2 . 4 1 8 4 . 1 1 9 2 . 9 1 9 8 . 2

1 9 9 . 6 2 0 1 . 7

| 2 0 1 . 5 1 9 7 . 4 1 9 7 . 4 1 9 4 . 5 1 9 6 . 4

| 2 0 1 . 5 2 0 8 . 4 2 1 5 . 3 2 1 9 . 4 2 2 2 . 6

2 2 3 . 5 2 2 7 . 6 2 3 0 . 4 2 3 0 . 4 2 3 1 . 9 2 2 6 . 2 2 2 1 . 7 2 2 3 . 3 2 2 6 . 5 2 3 0 . 6

I 2 4 0 . 0 2 5 1 . 9




7969 ~JAN... FIB... MAR... APR... MAY... JON... JUL... AUG... SEP... OCT... NCV... DEC...

1970 JAN... FEB... MAR... APS. .. HAY... JON... JUL... AUG... SEP..* OC1... NOV. ..

'DEC. .. 1971 JAN...

FEB... MAR. .. APR... MAY... JUN. .. JUL... AUG... SEP... CCT... NCV... EEC...

1972 JAN... FIB... MAR. .. APR... MAY. .. JUN... JUL... AUG... SEP... OCT... NCV... DEC...

i ., Aiii' I AT | I COMMERCIAL] 1 BANKS J 1 1-6 "j I 1.6 | i 1-7 | 1 1.7 j I 1.8 | J 1.8 | 1 1.8 I I 1.9 J J .1-9 | 1 2.0 | 1 2.1 | I 2.4 I 1.9 I 2.2 I I 2.3 | ! 2.0 I ! 2.3 | 2.0 | I 1.5 1 1.3 | 1 1.3 i 1.3 i 1.4 | 1.4 J 1.3 | 1.4 I 1.5 j 1.9 I 2.2 I 1.9 | 1.9 1 2.0 J 2.1 I 2.2 J 2.6 ! 2.4 J 2.0 I 2.4 J 2.5 S 2.8 I 2.8 j 3.1 I 3.3 I 3.3 ! 2.8 | 2.9 j 3.3 I 3.0

BP"S | AT J

THRIFT i JJSlSx-.-J

0.0 ] 0.0 \ 0.0 J 0.0 | 0.0 | 0.0 | 0.0 | 0.0 J 0.0 0.0 0.0 | 0.0 0.0 0.0 0.0 j 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0*0 0*0 0.0 O.G 0.0 0.0 0.0 0.0 0.0 0.1 0.1

I 0.1 I 0.1 I 0.1 f 0*1 I 0.1 I 0.1 i 0.2 I 0.2 i 0.2 S 0.2 i 0.3

TERM EURODOLLAR]

5 7 8 " 2.8 | 2.9 | 3.0 I 3.0 I 2.9 | 2.8 | 2.8 j 2.7 | 2.7 I 2.6 | 2.7 2.7 3.0 3.2 3.1 3.0 2.9 2.8 2.8 2.8 2.7 2.5 2.2 2.1 2.3 2.4 2.5 2.5 2.5 2.5 2.5 2.5

! 2.6 I 2.7 S 2.7 I 2.8 I 2.9 I 3.1 l 3.2 I 3.2 I 3.3 I 3.5 J 3.7 I 3.7 I 3.6 J 3.6 J 3.6

SAVINGS BONDS

" 577"T~ i 51.8 | 51.8 | 51.8 | 51.8 J 51.8 | 51.8 | 51.7 | 51.7 | 51.7 J 51.7 | 51.7 51.7 51.7 51.6 I 51.6 | 51.6 51.6 51.6 51.7 J 51.7 51.8 51.9 52.0 52.1 52.2 52.4

I 52.6 I 52.9

53.1 i 53.3 I 53.5 I 53.7 5 53.9 I 54.1 I 54.3 | 54.5 I 54.8 | 55.0 I 55.3 \ 55.6 i 55.9 i 56.2 f 56.4 i 56.7 ! 56.9 J 57.2 [ 57.5

SHORT- | TERM |

TREASURY | .SJCgRITIES]

48.7 J 52.4 I 54.3 I 54.7 I 54.4 ! 52.3 | 51.5 | 53.8 ] 55.5 | 55.8 I 57.3 | 59.1 61.1 63.2 62.6 j 59.8 57.6 56.1 55.7 55.9 | 53.6 52.6 51.4 49.1 48.5 47.0 44.6 42.6 39.7 39.0 40.6 41.0

J 38.0 | 37.1 \ 36.4 | 36.3 ! 36.7 I 37.2 | 37.9 f 37.1 I 36.7 ! 35.8 I 34.5 I 35.3 I 36.0 j 37.0 J 39.6 I 41.2

BANKER"S i ACCEPTANCE |

273* i 2.3 | 2.3 I 2.3 | 2.4 J 2.7 | 2.9 3.0 { 3.1 3.2 | 3.2 | 3.2 3.2 3.2 3 3.2 3.3 3.4 | 3.5 J 3.6 3.4 3.2 3.2 3.1 3.3 3.4 3.2 3.2 3.4 3.6 3.8 4.0 4.4 4.6 4.2

j 3.8 3.5

i 3.5 1 3.8 | 3.8 I 3.9 I 3.7 I 3.4 1 3.2 1 3.2 1 3.2 1 3,3 J 3.4 1 3.3

COMMERCIAL PAPER

"TT7T""" 23.2 24.1 24.8 25.7 26.5 28.0 29.7 30.4 31.6 33.7 33.6 34.0 36.3 37.7 38.7 40.0 39.9 38.5 37.9 36.5 35.5 35.5 34.2 33.4 33.9 33.3 32.8 32.7 31.7 31.1 31.5 31.7 32 . 4 33,1 32.6 32.7

j 33.4 33.6

| 33.7 | 33.8 i 34.1 I 34.6 { 34.5 S 34.1 l 34.8 I 35.7 I 35.2




"1973 JAN...! FEB...j MAE... APR...! MAY...| JON...] JUL.... AUG...] SEP... OCT...] NOV...] DEC...

1974 JAN... FEB... MAR... APR... MAY...] JUN... JUL... AUG... SIP. .-! OCT. .. NOV. ., DEC. ..

1975 JAN... FEB. .. MAR. . * APR... MAY... JUN. .. JUL... AUG. .. SEP... CCI. .. NOV. .. DEC...

1976 JAN... FEB. .. MAR. ,. APR. ... MAY... JUN... JUL... AUG. .. SEP* .. CCT... NOV, . . EEC...

TERM AT

COMMERCIAL BANKS j .3.3 4.1 4.2 4. 1 4.3 4.9 5.8 6.0 6.5 7.1 7.2 6.5 6.4 7.3 7.8 7.5 8.0 8.5 8.4 8.7 8.6 8.0 8.4 7.0 6.4 7.2 7.1 7.3 7.7 7.4 7.7 7.6 8,5

( 8.0 \ 8.3

7.3 ! 7.6

8.3 8.7 9.3

| 11.3 I 10.4 I 104 \ 12.6 ] 12.0 1 11.2 \ 12.4 J 13.2

RP"S AT

THRIFT L INSTS.

0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.6 0.6 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.9 1.0 1.2 1.3 1.4 1.4 1.4 1.4 1.3

I 1.2 I 1.2 | 1.1 i 1-2 I 1.1 I 1.1 S 1-2 I 1.4 J 1.5 ! 1.6 I 1.7

! 1.6 ] 1.5 I 1-5 ( 1.6 | 1.6 ] 1.8 J 1.9 ! 2.0 ] 1.5 ! 1.8 I 1.8 { 1.8

"| TERM J EURODOLLAR

| 379 ] 4.5 J 4.9 ! 5.0 I 5.3 1 5.4 j 5.4 i 5.6 ! 5.6 ] 5.6 ] 5.6 ! 5.4

| 5.5 I 6.0 | 6.6 1 7.1 t 7.5 J 7.6 ! 7.7 | 7.7 I 7.4 I 7.5 i 7.9 j 8,0

1 8.2 i 8.4 S 8.3 1 8.3 I 8*6 j 8,5 ! S.5 i 8.9 I 9,2 1 9.4 I 9.6 I 9.7

i IO.O 1 10.4 \ 10.6 I 11.0 I 11.7 i 12.1 | 12,4 I 12.5 1 12.4 1 12.8 I 131 I 13.0

SAVINGS BONDS

I J 57.8 58.1 j 58.4 58.7 59.0 59.3 59.6 59*8 59.9 59.9 60.2 60.4

60.4 60.7 61.0 61.3 61.5 61.8 62,1 6 2.3 62.4 62.7 63.0 63.2

63.5 63.9 64.2 64.5 64.9 65.2 65.6

| 660 66.3

I 66.6 I 66.9

67.2

I 67.5 67., 9 68,3

] 68.7 69.1 69.5 69.8

I 70.3 70.8 71.1

S 71.5 | 71.8

SHORT-TERM

TREASURY SECURITIES

42.2 43.8 44.9 45.4 45.9 45.9 46.0 47.8 48.8 48.8 49.5 50.3

50.8 51.7 53.5 53.8 52.2 50.7 50.0 51.0 52.5 54.0 53.9 53.9

55.4 56.3 57.2 57.8 58.8 59.5 61.1 64.1 66.1 698 74.7 77.3

78.3 79.2 79.9 80.1 79.0

3 78.4 79.3 80.8

! 81.0 82.3 82.6

80.9

BANKER"S ACCEPTANCE

37T 3.1 3.3 3.4 3.4 3.6 3.9 4.3 4.6 4.8 4.8 4.6 4.7 4.9 5. 1 5.5 6.2 7.3 9.0

j 10.4 10.3

I 10.2 J 10.2

10.2

10.5 10.3 10.1 10.2

{ 10.0 9.6

) 9.1 3 8.8

8.8 i 8.9 S 8.6

8.1 8. 1 8.8

| 8.9 8.9 9.2 9. 1

, 9.4 9.5

| 9.2 S S.1 \ 8.9

8.4

CCMMERCIAI PAPER

3572 35.5 34.6 34.2 35.0 35.7 35.6 36.3 37.4 39.6 42.3 42.0

43.3 46.3 45.9 44.6 45.4 45.4 45.1 46.7 48.4 50.1 51.4

I 50.2

50.0 51.6 51.1

] 50.7 50.9

] 49.5 ] 48.5 ! 49.0 I 48.5 I 48.8 ! 49.4 I 48.1

! 47.9 j 49.0 j 49.1 I 48.9 I 49.5 ! 49.6 | 49.9 I 49.9 I 49.3 | 49-9 i 51.5 I 51.8




IULfiS!S.

T?77~ JAN777 FEB,.. MAR. .. APR... MAY. .. JUN... JUL. .. AUG. .. SEP... OCT... NOV. .. DEC...

1978 JAN... FEB. ~ MAR. APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC...

1979 JAN... FEB... MAR... APR... MAY... JUN. .. JUL.,. AUG... SEP... OCT... NOV... DEC...

1980 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC...

AT | CCMMERCIAL,

BANKS 1 12.0 | 12.4 | 13.2 | 13.1 | 15.2 J 14.6 14.8 | 15.7 | 16.0 15.7 17.2 17.2 16.6

I 17.1 T8.0 17.8 18.5 16.8 17.5

| 18.9 I 18.6

19.0 20.4 21.4 21.0

I 21.7 22.6 23.4 25.4

I 26.0 25.2 25.2

I 26.4 25.7 23.6 23.8 23.7

| 23.7 I 22.2 | 22.5

22.4 I 23.5

24.7 I 27.3 | 26.4 I 28.0 I 28.9 i 28.9

AT THRIFT INSTS. |

1.9 1.9 2.1

X 2 . 2 2.4 2.7 2.8 3.0 3.1 3.3 3.5 3.8 3.9

\ 4.0 4.2 4.6 5.0 5.1 5.2 5.3 5.4 5.6 5.8 5.9 6.1 5.8 5.8 5.9 6.1 6.4 6.8 7.0 7.3 7.2 6.9 6.7 6.6 6.6 6.7 6.7 6.5

| 6.5 6.5 6.5

\ 7.0 7.5

| 7.5 7.6

TERM EURODOLLAR

TITS 13.1 13.5 14.3 15.2

[ 15.6 15.8 16.1 16.2 17.9^ 18.9 18.4 19.4 20.9-21.8 22.0 23.0 24.5 25.5 26.6

I 26.2 27.4 29.9 30.0 31.7

I 34.2 35.0 36.1

| 37.5 39.3

I 41.0 44.4

I 45.4 44.3 44.8 43.1 45.6

| 49.5 I 49.2 | 49.9 I 50.3 | 48.9

48.4 ! 48.4 i 45.2 I 43.6

46.0

SAVINGS BONDS

_-.-72.6 | 73.0 73.4 73.8 74.3 74.7 75.1 75.4 75.8 76.2 76.6 77.0 77.4 77.a 78.2 78.6 79.0 79.3 79.6 79.8 80.1 80.4 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.6 80.5 80.3 80.0 79.2 78.2 76.8 75.1 73.9 73.5 73.3 73.2 73.1 73.0 72.9

SHORT-TERM

TREASURY [SECURITIES I

80.7 a2.4 83.1 83.1

\ 82.3 80.7 81.7 84.6 86.1 8L7.4 88.4 89.3 91.0

I 91.9 92.8 93.2 93.4 92.8 92.5 94.3 96.6 96.5 95.7 98.4

100.7 102.8 109.6 115.2 122.2 129.1 126.5 122.0 123.2 123.6

I 123.7 127.1 130.3

| 132.6 | 139.0

148.5 151.9 146.2 142.1

i 146.0 148.7 149.1

i 152.(T

BANKER"S ACCEPTANCE

75 10.7 J 10.8 10.8 11.1 11.4 11.3 j 11.6 11.8 11.9 11.7 , 11.4 12.5

I 14.3 14.8 15.2

| 15.7 | 16.2 I 16.6 I 17.3 I 17.2 I 17.6 | 19.6

20.8 21.6 22.3

I 22.0 21.5 21.5 21.8 22.5 25.3 26.6 27.0

I 27.3 26.1

\ 2 6 . 8 | 28.2 I 28.9 I 29.0 | 29.0 I 29.4 I 28.8 j 28.8 [ 30.0 I 30.8 I 31.3

COMMERCIAL PAPER 5271 53*3 53.7 54.7 56.1 57.6 58.3 58.4 58.9 61.2 63.1 63.1 64.3 65.8 66.0 67.6 69.7

\ 70.6 71.4 71.4 71.9 74.4 77.6 79.4 81.0 83.7 85.0 86.6 89.0 91.1 92.2 92.6 93.8 95.4 97.1 97.2 98.7

100.0 99.8

100.7 97.4 97.3 96.2 95.6 96.8 98.1

100.3


TABLE 8 MEMORANDA ITEMS


1969 JAN... FEB... MAR...I APR... MAY... JON...| JUL. .. AUG...] SEP... OCT. .. NOV... DEC...

1970 JAN... FEB... MAB... APR... MAY... JON... JUL... AUG... SEP... OCT. .. NOV... EFC...

1971 JAN.-. FIB... MAR... AER... MAY... JUN.-.. JUL... AUG... SEP... OCT... NOV... EEC...

1972 JAN... FEB... MAR... APR.-. HAY... JUN... JUL... AUG... SEP... OCT... NCV... EEC...

DEMAND DEPOJ FOREIGN j

COMMERCIAL | EANKS j

5 2?9 i 2.8 J 2.8 | 2.9 J 2.9 | 2.9 J 3.0 | 3.0 |

|. ' 3.0 3.1 | 3,2 J 3.3 3.2

f 3.2 3.3 \ 3.4 3.3 j 3.3 J 3.4 3.3 J 3.4

[ 3.4 r 3 . 5 3.6

3.6 I 3.6 \ 3.5 I 3.5

3.5 \ 3.5 | 3.6 | 3.7 I 3.7 I 3.6 | 3.8 I 3.4 | 3.7 I 3.7 t 3.8 I 3.8 I 3.9 I 4.0 1

TABLE 8 MEMORANDA ITEMS

{BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED)

1973 JAN.7. PEE... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT.-. NOV... DEC. ..

1974 JAN... FEB... MAR. .. APR... MAY. .. JUN... JUL... AUG... SEP... OCT... NCV... DEC...

1975 JAN... FIB... MAR. .. APR... MAY... JUN... JUL... AUG... SEP... CCT. .. NCV... DEC...

1976 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV. .. DEC. ..

LSJMMOIICS

I FCREIGN ! | COMMERCIAL [ I EANKS |

I 77 5 ! 1 4.3 t 1 4.2 1 1 4.4 | i 4.5 | 1 4.8 I 1 4.9 | 1 5.1 i f 5.0 | t 5.2 J ! 5.5 I 1 6.1 1 6.2 | 6.1 ] I 6.3 | I 6.3 J I 6.7 J i 6.9 | I 7.3 f 6.8 i 6.7 I 6.9 \ 7.1 I 7.7 I 7.4 I 6.9 1 6.7 i 6.4 I 6.6 I 6.4 | 6.7 J 6.5 I 6.7 I 6.7 1 6.7 j 7.0 ! 6.9 I 7.1 1 7,2 | 7.2 I 7.3 I 7.4 1 7.6 J 7.4 J 7.7 i 7.7 j 8.1 J 8.3

SilllBJLiJL i FOREIGN I

OFFICIAL | INSTITUTIONS! J 1.5

1.6 | 1.6 | 1.6 | 1.7 | r.7 i 1.9 | 1.7 | 1.8 | 1.8 J 2.0 2.1 2.2 2.2 j 2.0 2.5 | 2.1 | 2.5 2.3 2.1 2.3 2.2 2.2 2.5 2.4 2.2 2.3 2.3 2.1 2.3 2.2 2.2

| 2.3 2.2 2.2

I 2.3 2.5

| 2.3 I 2.3 | 2.2 J 2.3 I 2.4 I 2.5 | 2.4 J 2.3 | 2.4 | 2.5 I 2.8

TIME AND j SAVINGS j DUE TO | FOREIGN I

OFFICIAL | INST g BANKS!

8.3 | 8.7 ! 9.0 | 9.2 ! 9.7 !

10.0 | 10.0 J 10.0 ! 10.2 I 10.7 J 10.7 | 10.7 ! 10.6 | 10.5 i 10.2 | 10.6 1 10.8 1 11.3 | 12.5 { 14.0 I 14.4 | 14.8 ] 15.1 J 15.6 16.1 15.9 j 15.8 j 16.0 | 16.7 J 16.6 | 16.2 j 15.6 15.8

! 16.3 I 15.7

15.7

t 15.2 | 14.1 I 13.0 J 12.0 | 12.3 I 13.0 J 13.0 I 12.4 I 12.4 I 12.3 I 11.7 I 12.2

HI_ H . g & g - GOVERNMENT AT I

COMMERCIAL | BANKS ]

_ i 9.9 | 10.4 8.3 ! 8.7 ! 7.1 ! 6.5 | 4.1 | 5.3 6.0 ] 4.3 6.3 8.1 ! 6.6 6.4 6.0 J 7.6 J 6.1 5.4 4.0

h6_198101_revision.pdf

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small j time j deposits

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