h6_198206_revision.pdf

June 1982

Revised Money Stock Data

The attached historical data (January 1974 to May 1982) on the money

stock and related series incorporate revisions to data for money market mutual

funds. Revisions reflect the inclusion of three general purpose and broker/

dealer money market funds that began reporting in May 1982 though their opera-

tions began earlier. Data prior to 1974 are unchanged from those published in

March 1982.

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

TABLE 1 HONET STOCK HEASORES AMD LIQUID ASSETS BILLIONS OF DOLLARS

SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED

1974 J A N . . . F E B . . . MAR.. . A P R . . . H A Y . . . J U N . . . J U L . A U G . . . S E P . . . O C T . . . N O ? . . . D E C . . .

1975 J A N . . . F E B . . . H A R . . . | APR. . . , BAY. . . JON** . J U L . . . AUG.. - I S E P . . . O C T . . . , N O V . . . D E C . . .

1976 J A N . . . F E B . . . , BAR. . . APR. . . H A Y . . . J U N . . . J U L . . . AUG. . . S E P . . . O C T . . . N O ? . . . D E C . . .

1977 J A N . . . F E B . . . HAR. . . APR. . . HAY. . . J U N . . . J U L . . . AUG. . . S E P . . . O C T . . . N O ? . . . D E C . . .

| HJ I CURRENCY , I TRAVELERS I CHECKS, I DEHAND | DEPOSITS ! AND OTHER | CHECKABLE | DEPOSITS | 267 .0 | 268.3 | 2 6 9 . 8 | 269 .9

270 .7 | 271 .9

272 .5 273 .2 j 274 .0 2 7 5 . 1 2 7 6 . 8 277 .4

277 .4 278 .1 | 280 .0 | 279 .5 282 .5 286 .3 286 .9 2 8 8 . 1 289 .0 288 .3 j 291 .2 291 .0

292 .6 294 .6 2 9 5 . 8 | 297 .8 299 .9 { 3 0 0 . 1 { 3 0 0 . 9 302 .9 | 303 .6

| 306 .5 3 0 7 . 5 | 310 .4

313 .4 I 315 .4 |

317 .4 320 .0 3 2 0 . 8 322 .4 | 324 .5 | 326 .2 | 328 .6 j

I 331 .2 | 333 .3 I 3 3 5 . 5 |

1 H2 | H1 0?ER-| NIGHT HP'S I AND EUROS, | G/P 8 B/D I HHHFS AND | SA? AND I SH TIME | DEPOSITS I 867 .2 I 8 7 3 . 1 | 8 8 0 . 0 | 881 .3 | 8 8 4 . 1 | 888 .5 | 890 .9

894 .5 898 .5

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

9 1 4 . 9 923 -7 935 .6 9 4 4 . 8 958 .3 9 7 4 . 0 | 984 .8 993 .9

1003.0 | 1007.8 1018 .8 | 1026 .9

1037.5 1052.6 1062.5 1073.4 1088.2 1093 .2 | 1101 .1 1115 .9 1128.3 1141 .8 1155.6 1171 .2

1184.0 1196 .8 1209.5 1220 .9 1232.9 1241 .5 1250.4 | 1260 .7 | 1271 .2 | 1279.0 1289 .2 1297.7

1 H3 | H2 PLUS I LARGE I TIHE DBP. | TSRH JtP

TABLE 1 MONEY STOCK MEASURES AND LIQUID ASSETS BILLIONS OF DOLLARS

SEASONALLY ADJUSTED NOT SEASONALLT ADJUSTED

1978 JAN... PEB... MAR... APR... HAY... JUN..-JUL.., AUG--. SEP... OCT.*. NOV... D E C .

1979 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NO?... DEC...

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

1981 JAN... FEB... MAR...! APR...| HAY... JUN... J UL. . ! AUG...! SEP...! OCT... NOV...| DEC...|

| H1 I CURRENCY , TRAVELERS CHECKS, DEMAND DEPOSITS I AND OTHER CHECKABLE I DEPOSITS | 339.5 339-4 | 340.8 344.7 | 347.9 ! 350.2 | 352.0 I 353.7 | 357.3 | 358.5 360.6 I 363.2

I 363.9 | 364.5 | 367.7 | 373.4 | 372.7 | 377.3 | 381.0 | 383.2 | 385.3 I 386.5 | 386.9 389.0

391.9 395.1 395.1 389.9 389.0 393.7 398.0 405.1 410.7 415.5 417.5 414.5 417.9 419.4 J 424.4 433.3 | 429.2 428.4 | 429.4 431.1 | 431.2 432.9 436.4 440.9

| M2 J M1 OVERNIGHT RP'S AND EUROS,

I G/P 6 B/D | MMMFS AND SAV AND i SM TIME DEPOSITS | 1307.2 | 1313.7 I 1323.5 | 1331.8 | 1342.4 | 1349.5 | 1356.0 I 1365.9 | 1377.5 | 1385.5 | 1394.9 I 1403.9

1409.4 | 1417.1 I 1431.4 | 1445.4 | 1455.1 | 1469.7 | 1480.0 I 1492.2 | 1501.8 | 1506.3 | 1511.6

1518.9 1528.8 1542.0 1550.0 1545.6 1558.2 | 1577.3 1598.4 1618.2 1629.2 | 1640.2 1656.0 1656.2 1665.7 1678.2 | 1701.1 | 1723.2 1732.4 | 1740.9 1753.7 | 1772.4 1778.3 | 1789.5 | 1809.9 | 1822.7 |

I H3 1 L L M2 PLUS LARGE TINE DEP. j

TEUM RP'S AND | INSTITUTION ONLY MMMF'S 1477.4 1488.2 j 1505.2 1519.5 | 1537.4 1547.0 1559.2 I 1574.3 1588.6 1598.2 1615.7 1629.0

I 1637.1 1643.0 | 1664.1 I 1678.7 I 1692.2 I 1707.8 | 1722.0 1738.6 I 1755.9 | 1766.5 | 1770.8 1779.4

1792.1 1810.2 1820.4 | 1819.9 1837.5 1855.9 1877.6 | 1901.9 j 1914.4 1930.8 1952.6 1963.1 1984.2 2001.9 2024.0 | 2046.3 2065.2 2082.1 | 2102.5 | 2126.0 | 2138.1 2151.1 J 2174.7 1 2188.1 |

N3 PLUS | OTHER | LIQUID | ASSETS |

1741.5 | 1755.7 | 1776.6 | 1794.5 | | 1816.2 | 1830.3 | | 1846.8 | | 1865.2 | | 1881.8 J 1894.8 | 1919.3 | 1938.9 | 1952.7 | 1968.2 | | 1994.6 |

| 2017.0 | | 2040.7 | | 2069.1 | | 2088.0 | | 2106.0 | | 2126.9 | | 2139.5 | | 2145.6 | 2153.9 | 2172.7 J 2194.4 | 2210.9 | 2220.6 |

| 2239.1 | 2250.4 | 2269.1 | 2296.7 |

| 2309.8 | 2325.8 | | 2352.5 | 2370.4 |

2397.3 | 2418.2 | 2438.0 | 2455.5 | 2483.1 I 2506.6 J 2530.4 | 2559.7 | 2577.2 i 2600.0 | 2629.3 1 2641.9 |

J 91 J | CURRENCY , | | TRAVELERS | I CHECKS, | | DEMAND | DEPOSITS | AND OTHER | CHECKABLE ] 4 DEPOSITS I | 343.7 | 332.2 | | 335.0 | 347.6 | 342.5 I 349.6 | 354.1 j I 351.9 | 357.(1 | 359.6 | 363.1 | 372.5 J 367.9 | 356.4 J 360.9 j 376.2 | 367. 1 | 376.7 | 383.4 | 381.8 | 385.7 | 388.0 | 389.7 | 398.8 | 395.9 | 386.2 ! 387.8 I 392.6 I 383.3 I 392.9 | 400.4 j | 404.1 j | 411.0 | 417.1 | 420.7 | I 424.6 I 422.0 | 410.1 | 416.7 | 436.0 | 423.2 | 427.6 | | 432. 1 ] | 430.4 | | 431.5 | | 434.5 | 439.7 ] | 451.2 |

1 M2 1 M1 OVERNIGHT HP'S AND EUROS,, G/P & B/D MMMFS AND SAV AND SM TIME DEPOSITS 1309.8 1305.3 1318.2 1337.5 1336.2 | 1349.2 1361.6 1365.1 | 1378.0 | 1389.7 1394.2 I 1408.5 1413.3 1408.8 | 1425.0

| 1450.6 | 1447.5 | 1468.3 | 1485.0 | 1490.4 1502.5 | 1511.3 1511.4 1524.7 1534.0

| 1534.7 1544.6 1551.1 1550.4 1575.7

| 1602.0 1615.0 | 1628.9 1645.1

1656.1 1662.5 1672.2 1672.4 1696.9 1729.2 1724.0 1739.2 1756.1 1766.9 1775.7 1793.3 1809.6 1829.4

| M3 J M2 PLUS j LARGE IIHE DEP. j

IE3M HP'S AND INSTITUTION ONLY] MMHF'S 1482.1 1481.5 | 1501.5 | 1524.6 1530.4 | 1544.3 1561.5 1-1571.7 | 1587.6 | 1601.2 | 161-5.3 1637.5 | 1643.7 | 1642.5 | 1660.4 | 1683.8 | 1683.8 | 1703.5 | 1722.7 | 1734.1 | 1754.6 | 1769.6 | 1771.8 | 1789.2 | 1800.7 | 1806.8 | (1813.3 | 1825.5 | 1828.7 | 1851.0 | 1876.3 | 3895.1 | 1911.8 | 1933.9 I 1953.9 I 1973.9 I 1994.9 | 2001.2 | 2023.9 | 2052.8 | 2355.7 | 2076.5 2098.4 | 2115.4 | 2132.4 2152.6

2175.6 2199.9

L X 1 M3 PLUS f OTHER | LIQUID | ASSETS 1

1746.0 { 1751.7 i 1774.5 I 1801.0 I 1810.9 3 I 1827.2 1 | 1846.9 | I 1860.8 1 | 1879.3 | I 1896.7 I

| 1919.1 1 19 46.6 | | 1959.4 | I 1966.3 1 I 1993.J | | 2024.0 J | 2034.6 1 | 2065.2 I | 2085.6 | i 2098.6 | I 2123.4 ] I 2140.9 J I 2145.4 | | 2162.8 | I 2181.8 j f 2195.8 | | 2211.7 I | 2228.5 | I 2233.1 | I 2244.2 | I 2264.2 | | 2286.0 | I 2304.5 | I 2326.5 | | 2352.3 j ! 2380.2 |

2409.1 | I 2423.5 | I 2441.5 | | 2464.2 | I 2476.3 | I 2501.8 | | 2522.0 | I 2544.2 | | 2568.3 | | 2598.5 | | 2628.5 J 2652.8 |


TABLE 1 HONEY STOCK MEASURES AMD LIQUID ASSETS BILLIONS OF DOLLARS SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED

1982 JAN...J FEB,..| HAR...| APR...| HAY...J

ill __ CURRENCY , TRAVELERS CHECKS, DEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS 448.6 447.3 448.3 452.3 451.5

JL 1 | 1 1 1 | 1 1 i 1 1 1

H2 1 H1 OVER-I NIGHT RPS| AND EUROS,| G/P & B/D | HtlMFS AND | SA? AND | SM TIHE | DEPOSITS | 1841.3 | 1848.0 | 1865.2 | 1880.7 | 1897.1 |

H3 1 H2 PLUS | LARGE | TIHE DEP.| TERM P*S| AND | INSTITU- | TION ONLYI MMMF'S | 2204.3 | 2215.0 J 2235.8 | 2257.9 J 2278.1 |

L 1 H3 PLUS | OTHER | LIQUID J ASSETS |

2665.1 | 2698.8 |

1 HI | CURRENCY , | TRAVELERS | CHECKS, I DEHAND | DEPOSITS I AND OTHER I CHECKABLE | DEPOSITS | 453.4 | 437.2 | 440.0 | 455.5 | 445.1

J_ J 1 1 | 1 I J 1 1 1 1 1 1

12 H1 OVERJ_ 1 NIGHT HP'S | AND EUROS, G/P & B/D HHHFS AND SAV AND SM TIHE DEPOSITS 1849.2 1842.9 1861.S 1887.9 1888.4

rl | 1 1 1 i 1 1 1 1 1

H3 1 H2 PLUS | LARGE | TIME DBP.|

TERM RPS| AND | INSTITU- | TION ONLY| HMMF'S J 2217.2 | 2216.0 | 2237.4 | 2265.9 | 2268.1 |

I 1 H3 PLUS | ODHER | LIQUID | ASSETS |

2679.5 | 2707.0 |


TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND BELATED ITEAS

SEASONALLY ADJUSTED, BILLIONS OF DOLLARS

1974 J A N . . . F E B . , * M A R 0 . APR *..* H A T . . . J U K , . . T O L . . . AUG. . . S E P . . . O C T . . . NOV. . . D E C . . .

1975 J A N . . . F E B . . . MAR. . . APR. . . M A I . . . J U N . . - I J U L . . . AUG...J S E P . . . | O C T . . . ] NOV. . . | D E C . . .

1976 J A N . . . F E B . . . | MAR. . . APR. . . H A T . . . J U N . . . J U L . . . , AUG. . . S E P . . . | O C T . . . NOV. . . D E C . . .

1977 J A N . . . F E B . . . MAR.. . APR. . . HAT. . .J J U N . . . J U L . . . AUG. . . S E P . . . OCT. . .J NOV. . . D E C . . .

I CORRENCT

I 6271 | 6 2 . 6 | 6 3 . 1 I 6 3 . 8 | 6 4 . 2 I 6 4 . 5 I 6 4 . 9 I 6 5 . 5 | 6 6 . 0

6 6 . 7 1 6 7 . 3

6 7 . 8

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

74 .3 7 5 . 0 | 7 5 . 7 76 .6 7 7 . 1 7 7 . 7 | 7 8 . 2 | 7 8 . 6 7 9 . 3 7 9 . 7 8 0 . 1 8 0 . 6

8 1 . 2 8 1 . 9 8 2 . 4 8 3 . 2 8 3 . 6 8 4 . 3 8 5 . 1 8 5 . 7 j 86 .4 8 7 . 0 8 7 . 8 8 8 . 6

| NONBANK |TRAVELERS I CHECKS

I ~ 5 I 1.6 | 1.6 | 1.6 1 1-7 [ 1.7 I 1-7 I 1.7 I 1.8 | 1.6 | 1.8

1.8

1.9 1 .9 1.9 2 .0 2 . 0 2 . 1 2 . 1 2 . 1 | 2 . 2 | 2.2 2 .2 | 2 .3

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

2 .8 2 . 8 2 .9 2 .9 2 .9 3 . 0 3 . 0 3 . 0 3 . 0 3 . 1

| 3 . 1 3 . 1

I DEMAND | DEPOSITS

| 2 0 3 . 1 | 2 0 3 . 8 | 2 0 4 . 7 | 2 0 4 . 1 | 204 .5 | 205 .3 | 205 .5 | 205 .6 | 2 0 5 . 9 | 206 .3

207 .3 I 207 .4

2 0 6 . 8 2 0 7 . 0 2 0 8 . 2 i 207 .4 { 2 0 9 . 8 212 .6 | 212 .6 213 .3 213 .9 | 2 1 2 . 7 214 .9 | 2 1 4 . 1

215 .0 216 .2 | 216 .5 217 .4 218 .8 | 218 .2 218 .3 219 .6 219 .5 j 221 .8 222 .2 224.4

226 .6 2 2 7 . 7 229 .0

I 230 .8 I 231 .0

2 3 1 . 8 233 .0

| 233 .9 235*4

| 237 .2 | 238 .4 | 239 .6

| OTHER I CHECKABLE | DEPOSITS

| 0 .3 | 0 . 3 | 0 .4 | 0 .4 | 0 .4 | 0 .4 | 0 . 4 | 0 .4 | 0 .4 | 0 .4 I 0 .4

0 .4

0 .5 0 . 5 0 .6 0 . 6 0 . 6 0 . 7 0 . 7 0 .7 i 0 .7 | 0 . 8 | 0 .8 0 . 9

1.0 1.1 1.2 1.4 1.5 j 1.7 1.8 2 . 0 2 . 2 2 .3 2 . 5 2 . 7

2 . 8 2 .9 3 . 1

I 3 . 1 3 .2

I 3 . 3 I 3 . 5

3 . 6 I 3 . 8

3 . 9 | 4 . 0

4 .2

| SAVINGS DEPOSITS 1 | AT | COMMEB-| CIAL 1 BANKS I 1 2 7 . 6 I 1 2 8 . 0 I 1 2 8 . 6 I 1 2 9 . 3 | 1 2 9 . 8 I 130 .5 I 1 3 1 . 6 I 132 .2 I 1 3 2 . 7 | 1 3 3 . 7 | 1 3 4 . 5 ! 1 3 5 . 6

136 .6 1 3 8 . 0 i 140 .4 143 .0 145 .4 148 .9 j 1 5 1 . 1 1 5 2 . 6 ] 1 5 4 . 2 | 155 .4 | 157 .3 | 1 5 9 . 9

1 6 3 . 6 1 7 0 . 0 174 .0 177 .3 180 ,2 180 .4 181 .9 184 .6 1 8 7 . 8 191 .5 1 9 5 . 8 2 0 0 . 1

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

2 1 2 . 6 | 2 1 2 . 6

213 .3 j 2 1 4 . 5 I 2 1 5 . 5 | 2 1 5 . 7 i

2 1 6 . 5 2 1 6 . 9

| AT | THRIFT I INST.

I 198.8 ~ | 198 .9 | 199 .8 | 199 .7 J 199 .3 f 199 .6 | 199 .1 | 198 .7 | 199 .0

199 .2 I 2 0 0 . 2

2 0 2 . 1

2 0 3 . 1 2 0 5 . 0 j

I 2 0 7 . 7 210 .0 ] 2 1 2 . 9 216 .4 ; 2 1 8 . 5 | 2 2 0 . 4 | 2 2 2 . 5 | 2 2 3 . 7 | 2 2 5 . 6 | 227 .9

229 .4 2 3 1 . 9 J 2 3 4 . 6 2 3 6 . 2 j 2 3 7 . 9 | 2 3 9 . 6 240 .6 242 .3 244 .4

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

2 5 3 . 5 I 2 5 5 . 7 j

2 5 7 . 6 259 .3 260 .9 262 .8 2 6 3 . 5 26 5 .2 2 6 6 . 9 2 6 8 . 8

| 2 7 0 . 8 2 7 3 . 5

TOTAL

| 326 .4 | 3 2 6 . 9 | 3 2 8 . 5 | 3 2 9 . 1 | 3 2 9 . 1 J 3 3 0 . 1 I 3 3 0 . 7 I 3 3 0 . 9 | 3 3 1 . 7 | 332.9 | 3 3 4 . 7

3 3 7 . 6

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

3 9 3 . 0 4 0 1 . 9 | 4 0 8 . 6 4 1 3 . 5 4 1 8 . 1 4 2 0 . 0 422 -5 4 2 7 . 0 4 3 2 . 2 4 3 8 . 0 j 4 4 4 . 8 j 4 5 1 . 7

4 5 7 . 5 | 4 6 2 . 5

4 6 6 . 9 | 4 7 0 . 6

4 7 3 . 5 | 475 .3 | 4 7 6 . 9

4 7 9 . 7 4 8 2 . 4 4 8 4 . 4 4 8 7 . 3 490 .4

L SMALL TIME DEPOSITS 1 I AT

COMMERCIAL

1 BANKS J | M 8 . 3 I 119 .6 | 121 .4 I 121 .3 | 121 .5 | 121 .7 | 121 .6 | 122 .5 | 123 .4 | 124 .5 I 125 .4

J 24.2 1 2 4 . 8 126 .7 129 . 1 1 3 1 . 2 132 .9 134 .8 | 137 .4 | 138 .8 i 139 .7 140 .6 (142.1 j 1 4 3 . 8

144 .3 144 .4 142 .8 1 4 2 . 7 145 .0 1457 147 .4 1 5 0 . 0 153 .4 155 .5 1 5 6 . 8 157 .8

159 .0 160 .5 162.4

| 164 .2 166 .2 167 .7 168 .7

| 168.S 169 .5 169 .5 169 .7 170 .3

| AT | SHBIFS | INST.

| 151 .6 \ 153 .4 | 155 .0 [ 1 5 6 . 0 I 157 . 1 | 158 .6 I 1 5 9 . 9 I 1 6 1 . 0 I 162 .2 | 163 . 1 I 164 .2 ! 165 .8

| 167 . 1 | (168.8 I 1 7 1 . 2

173 .7 j | 176 .7

180 .0 j 1 8 3 . 2 186.4 ] 189 .0 | 1 9 1 . 6 194 .2 197 . 1

200 . 2 2 0 3 . 5 | 2 0 6 , 7

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

I 2 4 2 . 7 | 246 .3 | 2 4 9 . 9 j | 253 . 3 | 257 .4 | 2 6 1 . 7 | 2 6 5 . 8 | 2 7 0 . 2 | 2 7 4 . 5 | 2 7 7 . 9 | 2 8 1 . 1 | 2 8 3 . 8

TOTAL 1

1 i f 2 7 0 . 0 | I 273.0 J | 2 7 6 . 4 | | 2 7 7 . 3 | | 2 7 8 . 6 | i 280 .4 i | 2 8 1 , 5 I I 2 8 3 . 5 f I 2 8 5 . 6 |

2 8 7 . 6 | 2 8 9 . 7 J I 2 9 0 . 0 |

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

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

4 0 1 . 8 i 4 0 6 . 8 |

| 412 .3 | | 417 .4 | | 4 2 3 . 6 | 1 429.4 | ! 4 3 4 . 6 | I 4 3 9 . 1 1

4 4 4 . 0 | | 447 . 3 J ! 4 5 0 . 3 J

4 5 4 . 1 i


TABLE 2 COHPONENTS OF MONEY STOCK MEASURES AND BELATED ITEMS

SEASONALLY ADJUSTED, BILLIONS OF DQLLABS

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

1979 J A N . . . F E B . . . M A R . . . A P R . . . | M A Y . . . J U N . . . J UL . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1980 J A N . . . F E B . . . MAR. . . 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 . . .

1981 J A N . . . ! F E B . - . | MAR. . . 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 . . . |

CURRENCY

8972 | 9 0 . 0 I 9 0 . 7 | 9 1 . 3

9 2 . 1 9 2 . 8

I 9 3 . 3 9 4 . 1

I 9 5 . 0 9 5 . 8

I 9 6 . 6 9 7 . 4

9 8 . 2 9 8 . 8 9 9 . 5

100 .4 101 .0 | 1 0 1 . 7 1 0 2 . 5 103 .6 104 .6 105 .4 105 .7 106 .1

107 .3 108 .0 1 0 8 . 8 109 .4 110 .2 111 .1 112 .0 1 1 3 . 1 1 1 3 . 8 114 .9 1 1 5 . 6 116 .2

116 .3 117 .2 117 .8 | 1 1 9 . 1 119 .4 | 119 .7 J 1 2 0 . 5 | 120 .7 | 1 2 1 . 1 | 121 .3 | 1 2 1 . 8 | 1 2 3 . 1 |

I NONBANK TRAVELERS

CHECKS

371 I 3 . 1 I 3 . 2

3 . 2 I 3 . 2 I 3.3

3 . 4 I 3 . 4

3 . 4 I 3 . 4 I 3 . 5

3 . 5

3 . 5 3 . 5

| 3 . 6 | 3 . 6

3 . 6 3 . 7 3 . 6 3 . 6 3 . 7 3 . 7 3 . 7 3 . 7

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

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

! DEMAND DEPOSITS

| 2 4 2 . 9 I 2 4 1 . 9 i I 2 4 2 . 4

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

2 5 3 . 9

I 2 5 2 . 3 2 5 0 . 9

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

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

2 6 1 . 2 | 2 6 1 . 1

2 6 2 . 2

I 2 6 3 . 4 2 6 4 . 8

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

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

2 7 1 . 5 2 7 1 . 1 2 6 7 . 2

2 5 4 . 1 I 2 4 4 . 8

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

| OTHER I CHECKABLE I DEPOSITS

| 475 | 4 . 4 | 4 . 5 I

TABLE 2 COMPONENTS OP MONET STOCK MEASURES AND RELATED ITEMS

SEASONALLY ADJUSTED, BILLIONS OF DOLLARS

1 9 8 2 J A N . . . F E B . . . | M A R . . . A P R . . . M A T . . . |

I 1 CORRENCTI

1 2 3 . 8 ~ 124 .6 125 .1 1 2 6 . 3 127 ,4

NONBANK 1 |TRAVELERS | I

_ i . I I I i 1

CHECKS

J7F" 4 . 3 4 .4 4 .4 4 . 5

1 JL 1

1 1 1

DEMAND 1 1 OTHER

J . I

DEPOSITS|CHECKABLE|

2 3 9 . 3 234 .5 233 .0 233 .0 232 .6

1 _L 1 1 1 1

DEPOSITS|

81 .1 8 3 . 8 8 5 . 7 8 8 . 6 8 7 . 0

_L 1 1 1 1 1

SAVINGS DEPOSITS J AT

COMMER-CIAL BANKS 1 ' . 58 .9 1 5 9 . 0 1 6 0 . 8 1 6 0 . 7 1 6 0 . 5

AT THRIFT INST.

18979" 1 8 9 . 6

I 1 8 9 . 9 | 1 8 9 . 9

1 9 0 . 4

I 1 1

J L 1 J \ 1 1

TOTAL

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

1 SMALL 1 M |

COHMER- | | CIAL | LJJJKS L

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

| 3 7 1 . 0 | | 3 7 9 . 9 |

3 8 6 . 2 |

TIME DEPOSITS 1 AT |

THBItfT | INST. |

""493.7 | 4 9 6 . 0 | 4 9 9 . 0 | 5 0 1 . 7 | 5 0 7 . 5 |

TOTAL |

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


TABLE 3 COMPONENTS OF HONEY STOCK HEASUKES AND LIQUID ASSETS

BILLIONS OF DOLLARS, SEASONALLY ADJUSTED

1974 JAN... FEB... H AR. APR .*. MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC...

1975 JAN...^ FEB... HAR... APR... BAY...] JUN... JUL... AU6...1 SEP... OCT... NO?... DEC...

1976 JAN... FEB...| HAR...| APR... HAY...| JON... J0L...1 AOG...J SEP...| OCT...| NOV...! DEC...|

1977 JAN...| FEB...| HAS...| APR...! HAY...I JUN...| JUL...| AUG...| SEP...| OCT... NOV...| DEC...|

| LARGE HflE DEPOS. I AT | COHHERCJAL | BANKS 1 T10.8 I 114.5 t 116.8 I 122.9 I 127.8 I 132.0 I 135.0 I 135.9 I 137.5 I 137.2 I 136.4 I 139.1 I 140.6 I 139.2 I 136.8 I 131.9 I 128.7 I 126.6 i

124.5 122.3 123.2 124.1 125.0 \ 123.5 120.7 , 117.7 \ 119.0 | 118.8 | 114.9 | 118.3 | 119.4 J 115.7 J 113.8 | 111.6 1 110.3 | 110.3 | 109.8 j 109.9 | 110.3 1 110.2 | 110.8 | 114.4 | 117.8 | 120.7 | 122.9 | 127.2 | 131.1 | 134.9 |

I AT | THRIFT 1 INSTITUTIONS , 1 3.7 I 3.9 | 4.0 1 4.1 I 4.2 1 4.2 1

TABLE 3 COMPONENTS OF MONET STOCK HEASOBES AND LIQUID ASSETS


1978 JAN FEB... HAR... APR... HAY-,. JON... JUL... AUG... SEP.--OCT.--NO?.*. D E C -

1979 JAN*..j FEB...| HAB...I APB...I HAY...| JON...| JOL... AOG...| SEP...| OCT...I NOV... DEC...

1980 JAN... FEB... HAR. APR... NAY... JON... JOL... AOG... SEP...| OCT... NOV...| DEC...

1981 JAN... FEB...| HAR... APR... HAY...| JUN...j JOL...I AOG...! SEP... OCT...| NOV...| DEC...|

I LARGE TIHE DEPOSITS AT COHHERCIAL

I __flAUKS | 137.9 140.7 145.9 150.7 156.1 159.5 163.9 166.9 169.0 169.7 175.9 178.1 180.1 181.6 181.1 179.3 i 179.4 177.1 179.1 181.5 186.6 191.7 190.9 189.7 190.3 192.7 195.1 197.4 199.6 194.8 191.8 192.2 194.5 198.1 204.1 212.6 221.0 225.1 222.7 220.2 | 229.3 236.2 243.0 248.5 249.8 248.9 | 246.8 245.9 |

Al I THRIFT LJNSTITOTIONS I 10.8 j I 11.4 I 12.1 I 12.8 I 13.4 I 13.9 I 14.3 I 14.8 I 15.3 I 15.7 I 16.1 1 16.6

17.3 18.0 18.8 19.5 20.4 |

I 22.2 I 23.9

25.2 26.4 | I 28.1

30.4 I 32.2

33.6 34.9

I 36.0 ] 37.3

I 38.1 I 39.0 | 39.6

40.4 I 41.5 |

43.0 I 43.9

45.3 46.5 46.6

I 47.0 47.4 49.1 49.4 50.0 51.3 | 52.5 53.3 | 53.7 | 54.4

I TOTAL I 148.8 | 152.1 | 158.0 | 163.6 | 169.5 | 173.4 I 178.2 | 181.7 | 184.2 | 185.4 | 192.0 I 194.6 i

197.4 199.6 j 199.9 198.8 199.8 199.3 202.9 206.6 213.0 |

I 219.9 221.3 221.8

I 223.9 I 227.,6 I 231.1

234.8 I 237.7 I 233.8 1 23.1.4 I 232.7

235.9 241.0 247.9

I 257.9 267.5 271.7 269.8 267.6 278.3 J 285.6 293.1 299.8 j 302.3 302.2 j 300.6 300.3 |

SAVINGS BONDS 7675 | 77.4

I 77.8 I 78.3 | 78.8 | 79.1 I 79.4 I 79.6 I 79.8 | 79.9 I 80.1 | 80.3 | 80.4 | 80.6 ] | 80.6 | 80.8 | 80.8 | 80.9 | 80.9 | 80.7

80.6 I 80.3 | 80.0 I 79.6 I 79.0 | 78.1 | 76.9 I 75.4 | 74.2 I 73-8 1 73.6 I 73.3 I 73.1 I 72.8 I 72.6

72.3 71.7

| 71.0 70.6 j

| 70-3 70.0

| 69.7 I 69.4

68.9 I 68.4

67.9 67.7 67.7 |

| SHOLT-TERH | TREASORY | SECORITIES

9079 I 90.5 { I 91.5 I 91.9 I 92.3 I 93.2 I 94.1 | 95.1 I 96.9 I 97.3 I 97.2 I 99.3 I 100.8 ~ I 101.1 I 108.1 I 113.9 I 120.8 I 129.5 I 129.0 j I 123.4 I 123.7 j I 125.2 I 126.2 I 128.5 I 130.4 I 130.0 I 136.6 I 146.5 I 149.2 I 145.2 I 144.2 I 147.9 I 149.9 I 149.3 I 152.3 I 156.7

161.1 I 163.6 I 161.9 I 157.6 | 158.2 I 160.3 I 161.8 |

164.1 168.1 176.0 i 179.9 175.5

I BANKERS | ACCEPTANCES i 1279 1 13.9 j 1 14.5 j I 15. n j I 15.6 | 16.1 I 16.7 I (17.2 I 17.2 I 17.6 I 19.8 I 21.4 I 22.1 I 21.6 | I 21.5 | 21.3 I 21.5 I 21.8 | 22.8 I 25.4 j I 26.8 I 26.8 I 27.3 I 26.5 | 27.1 | 27.4 I 28.3 | 28.8 | 29.1 I 29.5 I 29.2 | 29.1 I 30.2 | 30.5 | 31.0

31.8 ! 32.4 | 32.5 | 33.3 | 34.5 | 35.6 | 36.4 I 37.1

37.3 I | 37.6 I 37.1 i

38.1 I 39.7 |

COHHERCIAL I PAPER | 64.3 | 65.1 | 65.9 | 67.5 J

1 69.1 | 1 70.4 | 1 71.7 I 1 72.3 | 1 73.2 | 1 74.9 | 1 76.9 | I 79.2 |

80.7 | 1 62.7 | I 85.0 | I 86.4 | | 88.3 | 1 90.7 | 1 92.5 |

94.0 | 1 95.4 | 1 96.1 | 1 96.5 | 1 97.0 J 1 98.5 J 1 99.2 I 1 99.6 | I 100.0 | I 98.8 | 1 97.0 | 1 96.2 | 1 96.2 | I 97.2 | 1 97.3 I 1 97.8 I ! 98.1 | 1 97.7 J 1 97.0 | 1 96.1 | | 94.2 | 1 97.1 |

(100.3 | I 100.8 |

102.4 | 103.8 | 104.4 | 103.7 | 104.2 I


TABLE 3 COMPONENTS OP HONEY STOCK MEASURES AND LIQUID ASSETS


1982 JAN.*. FEB..* MAR... APR... MAY...

AT COMMERCIAL BANKS 247.2 251.4 254.5 258.3 262.6

LARGE "TIME DEPOSITS AT |

THRIFT | 1 INSTITUTIONS 1 55.5 |

56.6 | 58.0 | 58.7 | 58.5 1

TOTAL ""302.6 308.0 312.5 317.0 321.1

SAVINGS I BONDS

^778 ! 67.8

SHORT-TERM TREASURY SECURITIES

" 178.0 195.3

BANKERS ACCEPTANCES

5o72 39.1

COMMERCIAL | PAPER | 10574* | 108.2 |


TABLE U COMPONENTS OF NONET STOCK MEASURES AND LIQUID ASSETS

BILLIONS OF DOLLARS, NOT SEASONALLI ADJUSTED

1974 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... N07... DEC...

1975 JAN... FEB... MAR... APR... MAT... JUN...| JUL... AUG... SEP...| OCT... NOV... DEC...

1976 JAN... FEB...| MAR... APR...| MAT...| JUN...| JUL...| AUG...| SEP...I OCT...| NOV...| DEC...|

1977 JAN...| FEB...| MAR...| APR...| MAT...I JUN...| JUL...) AUG...| SEP...| OCT...J NOV...| DEC...|

|CURRENCY

| 61.6 | 61.9 | 62.7 | 63.5 | 64.1 I 64.8 | 65.3 | 65.7 I 65.8 | 66.4 | 67.8 i 69.0 I 67.8

67.8 | 68.8

69.1 70.0 71.1 71.9 72.1 71.9 72.5 73.9 75.1 73.7 74.0 75.1 | 76.2 | 77.1 | 77.8 | 78.7 | 78.9 | 79.0 | 79.6 | 80.8 J 82.1 j 80.7 | 80.9 | 81.7 J 82.9 | 83.5 | 84.3 | 85.7 | 85.8 | 86.2 J 87.0 | 88.5 | 90.3 |

) NONBANK (TRAVELERS I CHECKS

| 1.5 | 1.5 I 1.5 I 1.5 1 1.6 I 1.7 i 1.9 I 1.9 1 1*9 | 1.8 I 1.7 | 1.7 I 1.8 | 1.8 | 1.8 I 1*9 1.9 | 2.2

2.4 2.4 2.3 2.2 2.1 2.1 2.2 2.2 2.3 2.3 | 2.4 2.7 | 2.9 | 3.0 | 2.8 | 2.7 | 2.6 | 2.6 | 2.6 | 2.7 | 2.7 | 2.7 | 2.8 | 3.1 | 3.4 | 3.3 | 3.2 | 3.1 J 2.9 | 2.9 |

I DEMAND DEPOSITS | AT | MEMBER | BANKS

| 146.7 | 141.0 | 141.8 | 145.1 | 140.0 I 142.6 I 143.4 | 141.6 I 142.2 | 142.2 | 144.8 | 148.2 I 147.6 I 141.6 I 143.6 | 146.6 I 143.5 | 147.8 I 148.1 | 146.4 | 147.4 | 146.6 148.3 152.4 152.2 145.9 146.0 | 152.1 146.7 | 148.7 | 149.6 | 148.3 | 147.9 | 150.6 | 151.4 | 157.6 | 155.5 | 149.4 | 150.9 | 156.8 | 150.6 | 153.3 | 154.5 | 153.7 | 154.8 | 156.8 | 157.4 | 162.0 |

| AT | DOMESTIC INONHEHBER | BANKS | 56.1 I 53.9 I 53.9 I 55.5 | 54.1 I 55.4 I 55.7 I 55.3 1 55.8 I 56.3 I 56.8 | 58.0 I 57.6 | 55.2 I 55.5 | 57.0 I 56.2 I 58.5 I 59.0 I 58.6 | I 59.3

59.8 | I 60.9

62.1 61.6 | 59.4 59.8 | 61.9 | 60.6 | 62.0 | 62.6 | 62.3 | 63.3 | 64.3 | 65.2 | 66.8 | 67.2 | 64.8 | 65.8 | 69.3 | 67.7 | 69.6 | 70.0 | 69.0 | 70.6 | 71.5 | 73.1 | 75.3 |

| AT | FOREIGN | RELATED | BANKING | OFFICES 1 IN U.S. | 5.5 I 5.6 | 6.2 I 5.6 | 6.1 | 6.6 | 6.7 | 6.2 I 6.5 | 7.6 I 7.1 1 7.7 | 6.6 | 6.3 | 6.0 | 6.2

5.8 5.6 6.0 6.0 6.1 | 6.6 7.4 | 6.3 6.2 6.4 7.1 | 6.1 | 6.9 | 6.7 | 6.7 | 6.6 | 7.4 | 7.5 ( 7-3 | 6.9 | 8.8 | 8.3 | 8.1 | 7.8 | 7.9 J 8.1 | 9.3 | 8.9 | 9.4 | 10.0 | 9.8 | 9.6 |

| TOTAL

| 208.4 I 200.5 | 201.9 | 206.1 i 200.2 | 204.6 | 205.7 | 203.1 I 204.5 | 206.1 | 208.8 | 213.9 I 211.9 | 203.2 I 205.1 | 209.7 | | 205.4 | 211.8 | 213.0 211.0 212.8 |

| 212.9 216.5 | 220.8 220.0 211.7 1 212.9 | 220.1 | 214.2 | 217.4 | 218.9 | 217.3 | 218.6 j 222.4 i 223.9 | 231.3 | 231.5 | 222.5 | 224.8 | 233.9 | 226.2 | 231.0 | 233.8 | 231.5 J 234.8 | 238.2 | 240.2 | 246.9 |

1 OTHER CHECKABLE DEPOSITS 7 | AT | COHHEB-| CIAL | BANKS | 0.0 | 0.0 I 0.0 | 0.0 | 0.0 I 0.0 I 0.0 I 0.0 I 0.0 I 0.0 I 0.0 1 0.0 1 0.1 I 0.1 I 0.1 1 0.2 1 0.2 1 0.2 | 0.2 I 0.3

0.3 0.3 0.3 | 0.4 0.4 0.4 0.5 0.6 j 0.7 | 0.8 i 0.9 | 0.9 | 1.0 j 1.1 | 1*2 | 1.3 j 1.4 j 1.4 | 1.5 | 1.5 | 1.4 | 1.5 | 1.6 | 1.6 | 1.7 | 1.8 | 1.8 | 1.9 |

I AT | THRIFT | INSTITU-| TIONS

| 0.3 | 0.3 | 0.4 I 0.4 I 0.4 | 0.4 I 0.4 I 0.3 I 0.4 | 0.4 |~ 0.4 I 0.4 I 0.4 I 0.4 I 0.4 | 0.5 I 0.5 | 0.5 I 0.5 | 0.5 | 0.5 | 0.5 | 0.5

0.5 0.6

| 0.6 0.7 | 0.8 0.8 | 0.9 a.o i 1.1 i 1.1 j 1.2 j 1.3 I 1.4 | 1.5 j 1*5 j 1.6 | 1.7 | 1.7 j 1.8 | 1*9 j 2.0 | 2.0 | 2.1 | 2.2 | 2*3 |

I TOTAL |

1 ~073 | 1 0.3 I 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 J 1 0.4 | 1 0.4 J 1 0.5 | 1 0.5 | 1 0.6 | 1 0.6 J 1 0.6 | 1 0.7 | 1 0.7 | 1 0.7 | 1 0.7 | 1 0.8 | 1 0.8 | 0.9 |

1.0 | 1.1 |

1 1-2 j 1.4 | 1.5 | 1.7 | 1.8 | 2.0 | 2.2 | 2.3 J 2.5 | 2.7 | 2.8 | 2.9 | 3.1 | 3.1 I 3.2 | 3.3 | 3.5 | 3.6 | 3.8 | 3.9 J 4.0 | 4.2 |


TABLE 4 COMPONENTS OF HONEY STOCK MEASURES AND LIQUID ASSETS

BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED

1978 J A N . . . F E B . . . MAR. . . A P R . . . N A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O ? . . . D E C . . .

1979 J A N . . . F E B . . . MAR. . . ] A P R . . . H A Y . . . J U N . . . | J O L . . . AOG. . . S E P . . . O C T . . . N O V . . . D E C . . .

1980 J A N . . . F E B . . . H AR. . . A P R . . . H A Y . . . J U N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1981 J A N . . . F E B . . . M A R . . . | A P R . . . | H A Y . . . J U N . . . i J U L . . . | A U G . . . | S E P . . . | O C T . . . | N O V . . . j D E C . . . |

[CURRENCY

| 8876 | 8 8 . 9 | 6 9 . 9 | 9 0 . 9 | 9 1 . 9 I 9 2 . 9 I 9 4 . 0 I 9 4 . 3 I 9 4 . 9 I 9 5 . 6 I 9 7 . 4

99 .4

9 7 . 5 9 7 . 6 9 8 . 7 9 9 . 9

| 1 0 0 . 6 1 0 1 . 9 1 0 3 . 2 1 0 3 . 9 | 1 0 4 . 5 105 .1 | 1 0 6 . 6 1 0 8 . 2

106 .5 1 0 6 . 8 1 0 7 . 9 J 1 0 8 . 7 109 .9 111 .1 112 .7 1 1 3 . 6 | 1 1 3 . 6 114 .8 | 1 1 6 . 7 118 .3

1 1 5 . 6 i 1 1 5 . 7 \ 116 .7 | 1 1 8 . 3 | 1 1 9 . 2 | 1 1 9 . 7 | 121 .3 | 1 2 1 . 3 | 1 2 0 . 8 | 1 2 1 . 2 | 1 2 2 . 9 | 125 .4 |

| NONBANK (TRAVELERS I CHECKS

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

3 . 3

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

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

4 . 0 4 . 0 | 4 . 0 | 4 . 0 | 4 . 1 I 4 . 3 | 4 . 7 | 4 . 7 | 4 . 5 j 4 . 3 | 4 . 1 J 4 . 1 I

| DEMAND DEPOSITS ,

| AT | MEMBER I BANKS

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

1 6 1 . 1 1 6 4 . 3

1 6 1 . 5 1 5 0 . 8

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

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

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

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

| AT I DOMESTIC INONHEHBER | BANKS

I 7575 I 7 2 . 8 I 7 3 . 2 I 7 7 . 0 | 7 5 . 4 | 7 7 . 9 | 7 8 . 7 | 7 8 . 0 I 8 0 . 4 | 8 1 . 3 | 8 3 . 0

8 4 . 8

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

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

8 8 . 9 i 8 6 . 6 8 6 . 5 j 8 6 . 9 8 4 . 1 8 6 . 0

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

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

| AT | FOREIGN | RELATED | BANKING | OFFICES 1 I N U . S . | 9 . 8 I 1 0 . 3 I 9 . 5 I 1 0 . 2 I 9 . 9 I 1 1 . 1 I 1 0 . 6 I 1 0 . 5 I 1 2 . 0 | 1 2 . 1 I 1 1 . 6

1 2 . 5

1 2 . 4 t 1 3 . 2

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

I 1 2 . 5 1 2 . 0 |

I 1 3 . 0 1 0 . 8

9 . 9 9 . 4

1 0 . 0 i 1 1 . 2 j 1 1 . 5 |

9 . 9 1 0 . 4 |

9 . 8 1 1 . 1 1 0 . 8 1 0 . 3 1 0 . 1 |

8 . 7 8 . 7

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

I TOTAL

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

2 6 1 . 5

2 5 7 . 1 2 4 4 . 5

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

I 2 6 0 . 7 2 6 2 . 5

I 2 6 3 . 0 2 7 0 . 1

2 6 8 . 2 2 5 7 . 9

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

2 5 0 . 9 2 5 7 . 5

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

I 2 7 3 . 2 2 7 5 . 1

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

L OTHER CHECKABLE DEPOSITS ~ |

| AT | COHHEB-| CIAL | BANKS

I 1 7 5 -I 1 .9 I 2 . 0 1 2 . 1 | 2 . 0 1 2 . 1 I 2 . 1 | 2 . 2 I 2 . 3 I 2 . 3 | 3 . 6

5 . 3

6 . 8 7 . 7 | 8 . 8

1 0 . 1 | 1 0 . 1

1 1 . 0 | I 1 1 . 7

1 2 . 1 I 1 2 . 5

1 2 . 5 1 2 . 4 1 2 . 8

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

1 7 . 7 { 1 1 8 . 7 j

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

3 5 . 7 | 4 3 . 0

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

1 AT | THRIFT ! I N S I I I U -| TIONS

J74 1 2 . 5 I 2 . 6 I 2 . 6 I 2 . 8 I 2 . 8 I 2 . 9 I 2 . 9 1 3 . 0 I 3 . 0 1 3T1 1 3 . 1

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

4 . 1 4 . 1 i

I 4 . 2 4 . 2

4 . 2 4 . 3 4 . 5

1 4 . 7 1



1982 JAN... FEB... MAR... APR... HAY...

CURRENCY

I 12373 | 123.0 | 123.8 125.7 127.2

NONBANK TRAVELERS CHECKS

4.1 4.1 I 4.2 I 4.2 4.3

DEMAND DEPOSITS AT MEMBER

BANKS

15777 I 147.3 | 147.5 I 152.7 I 147-7

1 1 1 AT | | DOMESTIC| INONNEMBERI | BANKS | J L | 82.4 | 1 77.6 | 1 77.2 | 1 79.9 | 1 77.2 |

AT | FOREIGN RELATED I BANKING | OFFICES IN U.S. 1

3.9 | 3.9 | 3,8 | 3.9 | 3.8 |

TOTAL

"""24376 228.5 228.2 236.1 228.2

OTHER AT COMMER

CIAL BANKS 66.9

| 65.8 67.4

| 71.4 67.8

CHECKABLE DEPOSITS I I AT | THRIFT

1 INSTITU-i I TIONS 1 I 15.6 I 15.6 | 16.4 | 18.1 I 17.5

TOTAL 1

1 8275 J 1 81.4 | | 83.7 I 1 89.5 | | 85.3 |


TABLE 5 COMPONENTS OF HOMEY STOCK HEASOBES AND LIQUID ASSETS

BILLIONS OF DOLLARS, HOT SEASONALLY ADJUSTED

1 9 7 4 J A N . . . F E B . . . M A R . . . A P R . . . HAY*. , J O N . . . J O 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 R . . . H A Y . . . J O N . . . J O L . . . A O G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1 9 7 6 J A N . . . F E B . . . | H A R . . . A P R . . . H A Y . . . J O N . . . J U L . . . | A O G . . . S E P . . . | O C T . . . N O V . . . D E C . . . J

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

I OVERNIGHT | RP'S | GROSS

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

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

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

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

| OVERNIGHT I RP'S | NET

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

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

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

I 8 . 7 | 8 . 3 8 . 5 I 7 . 5

7 . 8 8 . 6 | 9 . 0 j 9 . 5 |

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

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

| OVERNIGHT |EURODOLLAR | NET

l oTo | 0 . 0 | 0 . 0 I 0 . 0 I 0 . 0 I 0 . 0 | 0 . 0 I 0 . 0 I 0 . 0 | 0 . 0 I 0 . 0 I 0 . 0

I 0 . 0 0 . 0 |

1 0 . 0 | 0 . 0

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

| HONEY MARKET FONDS l | GENERAL | PURPOSE | &BRKR 1 DLR I 0 . 1 I 0 . 2 I 0 . 2 I 0 . 2 I 0 . 3 I 0 . 4 I 0 . 5 I 0 . 8 I 1 - 1 I 1*4 I 1 . 8

2 . 1

2 . 5 I 3 . 0 |

3 . 4 3 . 5 3 . 6 3 . 5 3 . 4 I 3.3 3 . 3 3 . 3 | 3 . 2 | 3 . 2

3 . 2 3 . 2 | 3 . 2 | 3 . 2 | 3 . 1 | 3 . 0 j 2 . 9 | 2 . 8 | 2 . 8 j 2 . 8 | 2 . 9 | 2 . 8 j

2 . 9 | 3 . 0 j 2 . 9 | 2 . 9 | 2 . 8 | 2 . 7 | 2 . 6 | 2 . 7 | 2 . 8 | 2 . 9 | 2 . 9 | 2 . 9 |

| I N S T I T O -| TION | ONLY

! 0 . 0 I 0 . 0 | 0 . 0 | 0 . 1 | 0 . 1 I 0 . 1 | 0 . 1 | 0 . 1 I 0 . 2 | 0 . 2 I 0 . 2 I 0 . 2

0 . 2 | 0 . 3 | 0 . 3 I 0 . 3 I I 0 . 3

0 . 3 0 . 4 |

| 0 . 4 0 . 4 j 0 . 4 0 . 4 0 . 4

0 . 5 0 . 5 { 0 . 4 | 0 . 4 | 0 . 4 | 0 . 4 | 0 . 4 | 0 . 4 | 0 . 5 | 0 . 5 | 0 . 5 | 0 . 6 j

0 . 7 | 0 . 8 | 0 . 8 | 0 . 8 | 0 . 9 | 0 . 8 j 0 . 8 | 0 . 7 j 0 . 6 | 0 . 7 | 0 . 7 J 0 . 9 I

I SAVINGS DEPOSITS | | Aff |COMMERCIAL | BANKS

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

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

1 4 4 . 6 I 1 4 6 . 6 |

1 5 0 . 4 1 5 2 . 4 |

I 1 5 2 . 5 I 1 5 2 . 8

1 5 4 . 1 | 1 5 6 . 1

1 5 8 . 7

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

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

| AT | S S L ' S

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

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

1 2 1 . 4 I 1 2 2 . 2 I 1 2 3 . 5

1 2 3 . 9 | 1 2 4 . 5

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

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

| AT | MSB'S

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

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

6 9 . 2 I 6 9 . 2 1 6 9 . 3 |

6 9 . 9

7 0 . 3 7 0 . 7 | 7 1 . 7 |

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

1 7 3 . 5 | 7 3 . 5 { 7 3 . 6 1 7 4 . 0 j 7 4 . 1 | 7 4 . 6 ,

7 4 . 9 I 7 5 . 1 | 7 6 . 0 | 7 6 . 7 | 7 6 . 7 | 7 7 . 1 | 7 7 . 5 [ 7 7 . 5 | 7 7 . 8 | 7 7 . 9 | 7 7 . 7 | 7 8 . 0 j

I AT | CREDIT I UNIONS

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

I 2 7 . 2 | 2 7 . 7

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

3 0 . 9 3 1 . 3

| 3 J . 7 3 2 . 1

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

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

| TOTAL |

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

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

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

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

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


TABLE 5 COMPONENTS OF HONEY STOCK WEASOHES AND LIQUID ASSETS


1978 J A N , . . F E B . . . H A R . . . A P R . . . H A Y . . . J O N . . . J U L . . . A U G . . . S E P . . . O C T . . . N O V . . . D E C . . .

1979 J A N . . . F E B . . . HAR. . A P R . . . H A Y . . . J O N . . . J U L . . . | A U G . . . | S E P . . . I O C T . . . | N O V . . . I D E C . . . |

1980 J A N . . . | F E B . . . | H A R . . . | A P R . . . | H A Y . . . | J U N . . . | J U L . . . | A U G . . . | S E P . . . | O C T . . . | NOV. . .J D E C . . . I

1981 J A N . . . ! F E B . . . I HAR. | APR. . . J H A Y . . . I J U N . . . J J U L . . . I A U G . . . I S E P . . . I O C T . . . | N O V . . . | D E C . |

| OVERNIGHT | RP'S | GROSS

| 1773 | 17 .8 f 1 8 . 7 | 1 8 . 5 | 19 .3 | 17 .5 | 1 8 . 2 | 19 .7 | 19.4 | 1 9 . 8 | 2 1 . 2 I 2 2 . 2

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

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

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

| OVERNIGHT | RP'S | NET

| 1 7 . 1 | 17 .7 I 1 8 . 6 | 18 .4 I 1 9 . 2 | 17 .4 I 1 8 . 1 I 1 9 . 6 I 19 .3 I 1 9 . 7 | 2 1 . 1 I 2 2 . 1

2 1 . 5 2 2 . 3 | 2 3 . 3 2 4 . 1

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

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

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

IOVERNIGHT I EURODOLLAR | NET

I T71 l 1 . 1 I 1 .2 | 1 .3 I 1 .4 1 1-5 I 1.6 1 1-7 I 1-7

1 .8 I 1-9

2 . 0

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

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

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

I "~MQPEY HARKET FUNDS | GENERAL | PURPOSE | SBBKR

| 3 . 1 | 3 . 4 I 3 . 7 I 3 . 9 1 4 * 1 | 4 . 4 | 4 . 7 I 5 . 1

5 . 5 | 6 . 0 | 6 . 5

7 . 1

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

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

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

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

I I N S T I T U -| TION I ONLY

1 1^2 ' 1 1*4 | 1 .6 I 1-9 I 2 . 2 I 2 . 4 | 2 . 5 I 2 . 7 I 2 . 9 I 2 . 9 I 2 . 9 I 3 . 1

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

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

1 5 . 0 1 7 . 3 | 2 0 . 2 | 2 1 . 3 1 9 . 5 | 2 0 . 1 | 2 1 . 6 | 23.3 [ 2 6 . 6 | 2 9 . 4 3 2 . 0 | 3 3 . 7

| Z. SAVIMGS^DEPOSlfs "" | | AT | COMMERCIAL | BANKS

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

2 1 3 . 9

2 1 1 . 2 2 0 8 . 4

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

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

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

| AT | SSL'S

| 1 4 9 . 2 ~ | 1 5 0 - 2 | 1 5 1 . 8 | 1 5 2 . 2 I 1 5 1 . 8 I 1 5 1 . 7 I 1 5 0 . 2 I 1 4 9 . 1 | 1 4 8 . 7 | 1 4 8 . 4 | 1 4 5 . 0 I 1 4 2 . 1

! 1 3 8 . 4 I 1 3 6 . 8 | 1 3 6 . 8 i I 1 3 5 . 7

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

1 2 0 . 4 1 1 8 . 6 1 1 6 . 0 1 1 1 . 6

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

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

1 0 8 . 1 I 1 0 6 . 2

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

9 9 . 4 | 9 7 . 2 J 9 5 . 9 9 5 . 3 | 9 5 . 4

I AT 1 MSB'S

I ~787l I 7 8 . 0 I 7 8 . 6 I 7 8 . 8 I 7 8 . 4 I 7 8 . 0 I 7 7 . 0 I 7 6 . 1 I 7 5 . 8 I 7 5 . 0 | 7 3 . 4 I 7 2 . 3

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

6 7 . 6 | | 6 7 . 8 j

6 7 . 8 6 7 . 1

I 6 6 . 2 6 4 . 1 6 1 . 8

I 6 1 . 0

6 0 . 0 5 8 . 5

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

I 5 6 . 8 | 5 7 . 7 | 5 8 . 1 | 5 7 . 8 | 5 6 . 4

5 4 . 7

5 3 . 0 | 5(1.9 I 5 1 . 8

5 2 . 1 j I 5 1 . 1

5 0 . 4 5 0 . 6

I 4 9 . 1 | I 4 8 . 2 j

4 7 . 6 4 7 . 2 j -47.5

| AT ! CREDIT I ONIONS

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

I 4 8 . 8 I 4 8 . 1 | 4 8 . 6 |

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

I 4 5 . 5 4 4 . 0 4 3 . 9

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

I 4 2 . 5 j I 4 1 . 9

4 2 . 8 4 4 . 5

I 4 5 . 1 4 5 . 6 4 5 . 7

I 4 6 . 3 | 4 5 . 7

4 4 . 9 | 4 4 . 2 |

4 4 . 7 4 5 . 4 j

I 4 5 . 2 I 4 5 . 2 I 4 5 . 4

4 4 . 1 j 4 3 . 6 4 3 . 1

I 4 2 . 7 j 4 2 . 8

TOTAL |

4 9 0 . 1 | I 4 9 1 . 9 |

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

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

4 9 4 . 6 | 4 9 4 . 3 | 4 9 3 . 3 |

| 4 8 5 . 0 | 4 7 8 . 0 J

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

I 4 2 5 . 5 | 4 2 0 . 5 |

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

| 3 8 2 . 1 | | 3 9 1 - 9 |

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

3 8 2 . 2 | | 3 7 4 . 2 |

3 7 3 . 9 | | 3 7 6 . 4 |

3 6 9 . 9 | 3 6 5 . 0 |

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

3 4 3 . 9 | 3 4 2 . 2 |

I 3 4 3 . 0 |


TABLE 5 COHPONENTS OF NONET STOCK MEASURES AND LIQUID ASSETS


1982 L

J A N . . . ! F E B . . . | H A R . . . J A P R . . . | H A T . . . J

OVERNIGHT RP'S GROSS

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

OVERNIGHTI OVERNIGHT RP'S NET

_ _ 3 5 . 6 3 6 . 7 3 4 . 6 3 5 . 8

1. 1 I EURODOLLAR!

I NET _i

1 7 . 5 1 7 . 3 J 6 .3 1 5 . 8 | 6 . 9

1 A. 1

1

1

HONEY MARKET FUNDS "GENERAL

PURPOSE &BRKR

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

| I N S T I T U -| TION I ONLY

" | 3 2 . 5 I 3 0 . 5 I 3 1 . 5 I 3 1 . 5 I 3 2 . 8

| AT | |COMMERCIAL! | BANKS

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

1 _J

J I 1 1 1

SAVINGS DgPO AT

SSLS

9677 9 5 . 9 9 5 . 9 9 6 . 1 | 9 5 . 8

I AT HSB f S

4 7 . 9 | 4 7 . 3

4 7 . 2 4 7 . 1

| 4 6 . 8

SIT 1 1 !

J L 1 1 1 1 J

s AT

CREDIT UNIONS

4 3 4 3 . 8 4 4 . 6 4 5 . 3 4 5 . 8

1 1 I

J L . 1 1 1 1 1

TOTAL !

3 4 6 * 8 ! 3 4 4 . 5 | 3 4 6 . 1 | 3 4 6 . 1 | 3 4 7 . 4 |


TABLE 6 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS


1974 J A N . . . F E B . . . MAS. . . 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 . . .

1975 J A N . . . F E B . . . MAR. A P R . . . H 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 . . . 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 . . .

1977 J A N . . . I F E B . . . | B A R . . . A P R . . . M A Y . . . J U N . . . | J U L . . . A U G . . . I S E P . . . O C T . . . | N O V . . . | D E C . . . J

I _SMALL DENOMINATION TIME_DEPOSITS . I AT I COMMERCIAL | BANKS

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

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

1 3 5 . 4 1 3 7 . 4

I 1 3 8 . 7 1 3 9 . 4

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

1 5 8 . 9 1 6 1 . 3 j 1 6 3 . 4 1 6 4 . 8 | 1 6 6 . 9 | 168 .4 | 1 6 8 . 6 | 1 6 8 . 4 1 6 8 . 9 | 1 6 9 . 3 | 1 6 8 . 3 J 1 6 9 . 0 |

I AT I SSLS

I TT979 I 1 2 1 . 8 I 122 .9 I 1 2 4 . 3 | 125 .0 I 1 2 5 . 9 I 1 2 7 . 7 | 1 2 8 . 3 | 1 2 8 . 9 I 1 2 9 . 2 I 1 2 9 . 3 I 1 2 9 . 7

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

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

1 6 0 . 6 1 6 3 . 6 j 1 6 5 . 9

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

| 179 .9 j 1 8 2 . 6 185 .4 j 1 8 7 . 3 | 1 8 9 . 9

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

| AT | MUTUAL | SAVINGS I BANKS | 3 0 . 9 | 3 1 . 4 I 3 1 . 8 I 3 2 . 1 1 3 2 . 1 I 3 2 . 3 I 3 2 . 6 i 3 2 . 6 I 3 2 . 7 | 3 2 . 8 I 3 2 . 8 I 3 3 , 1

I 3 3 . 5 | 3 4 . 0

3 4 . 5 | 3 5 . 0

3 5 . 4 | 3 6 . 0

3 6 . 6 | 3 7 - 0

3 7 . 4 I 3 7 . 8 | 3 8 . 0

3 8 . 6

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

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

| AT | CREDIT | UNIONS

I 0 . 5 | 0 . 6 | 0 . 6 I 0 . 6 | 0 . 6 | 0 . 6 I 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 I 0 . 7 | 0 . 8

| 0 . 8 | 0 . 7 I 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 I 0 . 7 I 0 . 7 I 0 . 7

I 0 . 7 | 0 . 7 | 0 . 6 I 0 . 6 I 0 . 6 I 0 . 6

0 . 6 | 0 . 6 I 0 . 5

0 . 5 | 0 . 5 0 . 5

0 . 5 0 . 6 | 0 . 6 0 . 7 | 0 . 7 0 . 8 | 0 . 8 | 0 . 9 { 0 . 9 j 0 . 9 | 1 .0 | 1 . 0 |

I TOTAL

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

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

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

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

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

| LARGE DENOMINATION TIME DEPOSITS | AT | COMMERCIAL | BANKS

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

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

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

1 1 4 . 8 1 1 6 . 8 1 1 7 . 5 j 1 1 5 . 7

I 1 1 3 . 7 1 1 1 . 7 1 1 0 . 5 1 1 2 . 1

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

! AT SSL'S

I JT2 | 3 . 3 I 3 . 4 I 3 . 5 | 3 . 6 | 3 . 6 I 3 . 7 | 3 . 7 | 3 . 8 I 3 . 9 I 4 . 2 1 4 . 5 I

1 4 - 7 1 5 . 0 j 1 5 . 3 1 5 . 4 1 5 . 4 1 5 . 4 1 5 . 4 j 1 5 . 4 1 5 . 4 1 5 . 4 1 5 . 5 1 5 . 5

I 5 . 6 1 5 . 7 1 1 5 . 7 1 5 . 7 j 1 5 . 7 | 1 5 . 8 | | 6 . 1

6 . 4 | 6 . 6 |

I 6 . 8 | 1 6 . 9 |

6 . 9

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

1 AT j MUTUAL

I SAVINGS 1 BANKS I 0 . 6 I 0 . 6 1 0 . 6 j I 0 . 6 I 0 . 6 | 0 . 6 I 0 . 6 | 0 . 7 | 0 . 7 I 0 . 8 I 0 . 9 I 0 . 9

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

0 . 8 | 0 . 8 1 0 . 8 i 1 0 . 8 | I 0 . 9 1 0 . 8 j

0 . 8

I 0 . 8 0 . 8 |

| 0 . 8 I 0 . 8

0 . 8 0 . 8 0 . 8 0 . 9 | 0 . 9 0 . 9 | 0 . 9 j 0 . 9

0 . 9 [ 0 . 9 j 0 . 9 | 0 . 9 j 1 . 0 | 1 .0 | 1 .0 | 1 . 0 | 1 . 1 | 1 .1 | 1*1 I 1-2 |

| AT CREDIT

| UNIONS

I oTo 0 . 0

| 0 .0 | 0.0 | 0 .0 | 0 .0 I 0.0 I 0.0 I 0 .0 I 0 .0 I 0.0 I 0 .0

I 0 .0 I 0 .0 I 0 .0 1 o.o 1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 l 0 . 0 1 0 . 0

1 0 . 0 0 . 0

1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0

0 . 0 { 0 . 0 0 . 0 0 . 0 1 0 . 0 j 0 . 0

0 . 0 0 . 0 1 0 . 0 j 0 . 0 0 . 0 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0 j 0 . 0

1 I TOTAL

1 1 1 5 . 7 I 1 1 7 . 9 I 1 1 9 . 0 | 1 2 5 . 7 1 1 3 2 . 4 I 1 3 4 . 6 I 1 3 7 . 4 1 1 4 2 . 2 I 1-43.7 | 1 4 3 . 8 | 1 4 0 . 7 | 1 4 5 . 0

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

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

1 1 8 . 2 1 1 9 . 9

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


TABLE 6 COMPONENTS OF MONET STOCK MEASURES AND LIQUID ASSETS

BILLIONS OF DOLLABS, NOT SEASONALLY ADJUSTED

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

1981 J A N . . . | F E B . . . | M A R . . . | A P R . . . | M A T . . . | J U N . . . | J U L . . . | A U G . . . ] S E P . . . | O C T . . . | N O V . . . | D E C . . . |

I SMALL DENOMINATION TIME DEPOSITS j I AT |COMMERCIAL I BANKS

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

1 8 1 . 8 1 8 4 . 4 1 8 5 . 0 1 8 8 . 1

1 9 3 . 6 1 9 6 . 8 1 .99 .3 2 0 3 . 3 2 0 7 . 6 2 1 1 . 8 2 1 4 . 3 2 1 8 . 4 2 2 2 . 9 | 2 2 8 . 9 2 3 6 . 1 2 4 0 . 1

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

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

| AT | S S L ' S

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

l 2 8 2 . 8 I 2 8 8 . 0

2 9 2 . 1 2 9 6 . 6 2 9 7 . 7

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

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

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

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

I AT | MUTUAL I SAVINGS 1 BANKS ! 5 4 . 2 i 5 4 . 8 1 5 5 . 4 I 5 6 . 0 I 5 6 . 3 ( 5 7 . 6 I 5 9 . 5 | 6 0 . 6 | 6 1 . 6 I 6 3 . 1 | 6 4 . 7

6 6 . 7

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

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

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

| AT | CREDIT | UNIONS

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

I 2 . 8 3 . 4

I 4 - 1 1 I 4 . 8

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

1 0 . 0 | 1 0 . 3 |

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

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

TOTAL

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

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

5 4 8 . 2 I 5 5 9 . 1

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

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

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

L LARGE DENOMINATION TIME DEPOSITS AT

|COMMERCIAL BANK3

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

1 8 3 . 1 I 1 8 4 . 5

1 8 4 . 0 j I 1 7 9 . 5

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

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

1 9 3 . 8 1 9 6 . 4 | 1 9 8 . 7 | 1 9 8 . 1 | 1 9 8 . 6 | 1 9 1 . 6 | 1 8 6 . 8 j 1 8 8 . 5 | 1 9 1 . 8 | 1 9 5 . 9 { 205 . . 4 J 2 1 7 . 4 |

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

i AT | S&L*S

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

1 4 . 3

1 5 . 0 I 1 5 . 8 I ( 16 .2 I 1 6 . 7 | 1 7 . 8

1 9 . 5 2 1 . 2

1 2 2 . 5 | I 2 3 . 5

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

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

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

| AT | MUTUAL | SAVINGS I gANSS 1 1 1*2 | 1 . 3 I 1*3 | 1 . 4 * I 1*4 I 1 . 5 1 1*5 I 1 . 6 | 1 . 8 | 1 . 8 1 1*9 1 1*9

I " 5 . 0 I 2 . 1 I 2 . 2 1 2 . 3 I 2 . 4 I 2 . 6 1 2 . 7

2 . 8 I 2 . 9 | 3 . 0 I 3 . 1

3 . 3

3 . 4 3 . 5

1 3 . 7 I 3 . 8

4 . 0 1 | 4 . J 1 4 * 3

4 . 4 4 . 5 j 4 . 7 j 4 . 8 4 . 9

5 . 0 5 . 1 5 . 1

I 5 . 3 1 5 . 5

5 . 6 5 . 5 5 . 7 6 . 2 j 6 . 3 i 6 . 2 6 . 0

j AT | CREDIT ! UNIONS

! 0 . 0 | 0 . 0 I 0 . 0 | 0 . 0 | 0 . 0 I 0 . 1 | 0 . 1 | 0 . 1 | 0.11 I 0 . 1 I 0 . ] I 0 . 1

| 0 . 1 I 0 . 2 | 0 . 2 I 0 . 2 I 0 . 2 I 0 . 2 I 0 . 2 | 0 . 2 I 0.2 I 0 . 2 I 0 . 3

0.3

0 . 3 | 0 . 3 1 0 . 3 | | 0 . 3

0 . 3 0 . 3

1 0 . 4 j 0 . 4 | 0 . 4 0 . 4

1 0 . 4 | 0 . 4

0 . 5 0 . 6

1 0 . 6 | 1 0 . 6 | | 0 . 5 1 0 . 6 1 | 0 . 6

0 . 5 0 . 5 0 . 5 j 0 . 4 0 . 4 j

1 TOTAL

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

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

2 1 1 . 0 I 218 . (1

2 2 2 . 5 2 2 6 . 0

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

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

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

| 3 0 1 . 8 3 0 5 . 4




1982 JAN... FEB... HAP... APR... HAY...

SHALL DENOMINATION TIHE DEPOSITS AT

COMMERCIAL BANKS 359.7 | 367.3 j 375.2

| 381.4 387.3

AT SSL'S 381.0 383.5 386.1 387.8 388.0

AT MUTUAL

| SAVINGS BANKS

99.4 | 99.8

99.9 I 100.2

100.5

AT | CREDIT

ONIONS 17.4 17.8 18.4

I 18.8 19.1 J

TOTAL I

857.4 | 868.5 I 879.6 | 888.1 894.9

AT COHHERCIAL

BANKS 252.0 | 257.0 259.6 259.9 261.3

LARGE DENOMINATION III AT SSL'S 49.2 50.5

| 51.2 | 51.3

52.0

1 1 1 1 1 1 1 1 1

AT MUTUAL SAVINGS BANKS

6.0 6.3 6.1 6.1 6.0

*E DEPOSITS AT

CREDIT ONIONS

0.4 0.4 0.4 0.4 0.4

1 TOTAL

307.6 314.2 317.4

I 317.7 I 319.8


lAtiLt. 1 COMPONENTS OF MONET STOCK MEASURES AND LIQUID ASSETS


1974 JAN.,.' FEB... MAR. APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC.-.

1975 JAN... FEB.., MAR... APR... MAY... JUN..* JUL... AUG.-* SEP..-OCT.--NOV... D E C .

1976 JAN... FEB*-. MAR...J APR... MAY...| JUN... JUL...i AUG...| SEP...| OCT... NOV...| DEC...

1977 JAN...| FEB... MAR...| APR...i HAY... | JUN... | JUL...| AUG...| SEP...| OCT...| NOV...| DEC...|

TERM* I AT COMMERCIAL | BANKS I 6.4 | 7.3 | 7.8 | 7.5 | 8.0 I 8.5 | 8.4 I 8.7 I 8.6 I 8.0 I 8.4 t 7.0 I 6.4 I 7.2 I 7.1 1 7.3 1 7.7 | 7.3

7.7 7.6 8.5 8.0

1 8.3 7.3 7.6 8.4 8.7 | 9.3 11.J 10.4 | 10.4 12-6 12.0 11.2 12.4 j 13.2 12.0 12.4 | 13.2 | 13.1 | 15.2 | 14.6 | 14.8 | 15.8 | 16.0 | 15.7 | 17.3 j 17.2 |

RP'S f AT | THRIFT L INSTS. | 0.6 | 0.6 | 0.6 J 0.7 | 0.9 | 1.0 1 1.2 I 1.3 1 1.4 I 1.4 | 1.4 I 1-4 I 1.3 | 1.2 I 1.2 1 1.1 | 1.2 I 1-1 I 1.1 | 1.2 1 1.4 I 1-5 I 1.6

1.7 1.6 1.5 1.5 | 1.6 1.6 1.8 1.9 2 0 1.9 1.8 1.8 | 1.8 1.9 1.9 | 2.1 | 2.2 | 2.4 | 2.7 | 2.8 | 3.0 | 3.1 i 3.3 | 3.5 | 3.8 |

TERM | EURODOLLAR I 575 | 6.0 | 6.6 1 7.1 1 7.5 | 7.6 | 7.7 1 7.7 | 7.4 1 7.5 1 7.9 | 8.0 I 8.2 | 8.4 I 8.3 | 8.3 I 8.6 | 8.5 I 8.5 | 8.9 I 9.2 1 9.4 |

9.6 9.7 10.0 10.4 10.5 10.9 11.6 12.0 12.3 | 12.5 12.4 12.7 13.1 13.1 13.0 13.1 | 13.5 | 14.0 | 15.0 | 15.7 | 16.0 | 16.2 | 16.2 | 17.2 | 18.7 i 18.7 |

| SAVINGS | BONDS | 60.4 | 60.7 | 61.0 | 61.3 | 61.5 I 61.8 | 62.1 | 62.3 | 62.4 | 62.7 | 63.0 I 63.2 | 63.5 I 63.9 I 64.2 | 64.5 I 64.9 | 65.2 | 65.6 | 66.0 j | 66.3 | 66.6 I 66.9

67.2 67.5

I 67.9 | 68.3 |

68.7 I 69.1 |

69.5 69.8 70.3 70.8 | 71.1 71.5 | 71.8 | 72.2 i 72.6 | 73.0 | 73.4 | 73.8 | 74.3 | 74.7 | 75.1 | 75.4 | 75.8 | 76.2 j 76.6 |

I SHORI-! TERM | TREASURY 1 SECURITIES I 50.8 | 51.7 | 53.5 I 53.8 | 52.2 | 50.7 | 50.0 | 51.0 I 52.5 I 54.0 I 53.9 I 53.9 I 55.4 I 56.3 I 57.2 | 57.8

58.8 59.5 |

| 61.1 | 64.1 | 66.1

69.8 | | 74.7

77.3 78.8

I 79.2 79.9 | 80.1 79.0 78.4 79.3 | 80.8 81.0 j

I 82.3 82.6 j 80.9 | 80.7 82.4 83.1 | 83.1 | 82.3 | 80.7 | 81.7 | 84.6 | 86.1 | 87.4 | 88.4 | 89.3 |

BANKER'S ACCEPTANCE | ~T77 | 4.9 I 5.1 1 5.5 | 6.2 1 7.3 | 9.0 | 10.4 | 10.3 I 10.2 I 10.2 I 10.2 I 10.5 | 10.3 | 10.1 I 10.2 I 10.0 I 9.6 1 9.1 I 8.8 I 8.8 | 8.9 I 8.6

8.1 8.1

I 8.8 8.S |

I 6.9 ] 9.2 9.1 9.3 9.5 9.2 9.1 8.9 j 8.4 9.5 10.7 10.8 | 10.8 11.1 | 11.4 11.3 | 11.6 | 11.8 | 11.9 j 11.7 J 11.4 |

COMMERCIAL PAPER

| 5373 | 46.3 | 45.9 I 44.6 | 45.4 | 45.4 I 45.1 I 46.7 | 48.4 | 50.1 J 51.4 I 50.2 I 50.0 | 51.6 I 51.1 | 50.-7 | 50.9 | 49.5 I 48.5 | 49.0 I 48.5 I 48.8 I 49.4 I 48.1 ! 47.9 I 49.0 | 49.1 I 48.9 I 49.5 I 49.6

49.9 I 49.9 I 49.3 I 49.9

51.5 51.8 52.1 53.3 53.7 54.7 56.1 57.6 58.3 58.4 58.9 61.2 63.1 63.1


TABLE 7 COMPONENTS OF HONEY STOCK HEAS&RES AND LIQUID ASSETS


1978 JAN../ FEB-., 1An.. APR... HAT... JON..* JUL... A0G... SBP*.. OCT... NO?... DEC..*

1979 JA*... FEB.,. HAR... APR... HAY.,. JUN... JUL... AUG... SEP... OCT... NOV... DEC...

1980 JAN... FEB.-. HAR... APR... HAY... JON... JUL... AUG... SEP... OCT... NOV... DEC...

1981 JAN... FEB... HAR... APR...| HAY...| JUN... JUL... AUG...I SEP... OCT...| NOV...! DEC...!

I TERH | AT COHHERCIAL I BANKS | 16.6 | 17.1 | 18.0 | 17.8 I 18.6 I 16.8 I 17.5 I 18.9 I 18.7 I 19.0 I 20.4 I 21.4 | 21.0 I 21.7 | 22.5 | 23.3 | 25.4 I 25.9 I 25.1 I 25.1 | 26.2 I 25.6 I 23.4 I 23.6 | 23.5 I 23.5 | 22.0 I 22.3 | 22.3 I 22.8

24.2 I 27.0

26.4 27.8 ( 28.1 J 29.5 30.9 30.2 28.1 28.2 | 29.1 | 30.0 | 28.4 | 25.8 I 26.2 | 25.6 | 27.8 | 27.1 |

"RPS | AT

THRIFT I INSTS.

3.9 4.0

I 4.2 | 4.6 | 5.0 I 5.1 5.2 | 5.3 I 5.4 | 5.6 | 5.8

6.1 6.1

I 5.8 5.7

1 5.9 | 6.1 I 6.4 | 6.7 | 7.0 I 7.2 I 7.0 | 6.7 I 6.6

6.4 I 6.5 | 6.6

6.5 I 6.3

6.3 6.3 6.5 7.1 7.7 7.9 8.3 8.3 7.9 8.0 8.5 | 8.6 | 8.8 | 8.8 | 7.5 | 7.6 | 7.8 | 7.8 | 8.3 |

TERN EURODOLLAR i T57i J I 20.7 I 21.7 I 22.2 I 23.0 I 24.5 I 25.6 I 26.6 I 26.1 I 26.9 I 29.5 I 29.9 I 31.6 I 34.3 | 35.2 I 35.9 | 37.0 I 38.5 | 40.8 I 43.9 I 44.6 I 44.6 I 44.8 I 42.9 I 45.6 | 49.4 | 49.1

50.1 | 50.2 I 48.9

48.3 48.3

I 45.1 45.2 46.3 48.4 50.2 52.2 | 52.1 52.6 57.0 57.9 58.7 61.0 61.2 63.4 65.5 66.7 I

| SAVINGS | BONDS I 77.0 | 77.4 I 77.8 | 78.2 I 78.6 | 79.0 | 79.3 | 79.6 \ 79.8 | 80.1 I 80.4 I 80.6 | 80.6 I 80.6 | 80.6 I 80.6 | 80.6 I 80.6 I 80.6 I 80.6 | 80.6 I 80.5 | 80.3 I 80.0 I 79.2 I 78.2 I 76.8 I 75.1 I 73.9 I 73.5 I 73.3 I 73.2 | 73.1 I 73.0 I 72.9 j I 72.7

71.9 71.1 | 70.6 70.1 | 69.7 |

I 69.4 | 69.1 68.8 j 68.5

i 68.1 | 68.0 | 68.1 |

| SHOBT-I TERH | TREASURY I SECURITIES | 91.0 | 91.9 I 92.8 | 93.2 I 93.4 I 92.8 I 92.5 I 94.3 I 96.7 I 96.5 I 95.7 I 98.4 I 100.8 | 102.9 | 109.8 I 115.6 I 122.7 | 129.7 | 126.9 I 122.1 I 123.2 I 123.7 | 123.8 I 127.2 | 130.5 I 132.8 I 139.1 I 148.5 | 151.8 I 146.0 | 141.8 I 145.9 I 148.9 I 147.1

149.3 155.3 161.7 167.5 J 165.1 159.6 | 160.8 161.3 i 159.1 161.5 1 166.6 173.2 | 176.4 174.3 I

I BANKER'S ACCEPTANCE I 12.5 | 14.3 I 14.8 | 15.2 | 15.7 | 16.2 I 16.6 j I 17.3 | I 17.2 I 17.6 j I 19.6 I 20.8 I 21.6 I 22.3 | 22.0 I 21.5 | 21.5 I 21.8 I 22.5 I 25.3 | 26.6 I 27.0 | 27.3 i 26.1 I 26.8 I 28.2 I 28.9 I 29.0 I 29.0 I 29.4 I 28.7 I 28.8 | 30.0 I 30.8 {

31.2 | I 31.4

32.1 I 33.2

33.9 J 34.7 | 35.4 | 36.2 | 36.4 | 36.7 j 37.4 | 37.6 | 38.6 | 39.4 |

COHHERCIAL PAPER 6473 I 65.8

| 66.0 | 67.6

69.7 | 70.6 | 71.4 | 71.4 | 71.9 | 74.4 | 77.6 i 79.4 I 8T.0 I 83.7 I 85.0 I 86.6 | 89.0 I 91.1 | 92.1 I 92.6 I 93.8 I 95.4 | 97.3 I 97.4 I 99.0 | 100.5 | 99.5 | 100.2 | 99.5 1 97.4

95.7 I 94.6

95.7 I 96.6

98.7 98.5 98.3 98.3 96.0 94.4 97.8 100.6 100.2 100.7 102.3 103.6 104.5 104.6


TABLE 7 COMPONENTS OF NONET STOCK MEASURES AND LIQUID ASSETS

BILLIONS OP DOLLARS, NOT SEASONALLT ADJUSTED

1982 JAN... FEB... HAR... APR... HAT...I

TERM AT

COMMERCIAL BANKS 23.7 23.8 22.8

I 25.2 23.3

RP'S I AT I THRIFT 1 INSTS. I 8.8 I 8.8 I 8.7 I 9.0

9.1

TERM EORODOLLAR | 69.5

73.5

SAVINGS BONDS 68.1 67.8

| SHORT- | J TERM | BANKER*S | TREASURT (ACCEPTANCE 1 SECURITIES 1 | 178.9 | 39.9 | 200.4 | 39.7 I 1 i 1 1 1 1

|COMMERCIAL ! PAPER | 106.0 | 109.6


TABLE 8 MEMORANDA ITEMS


1974 JAN... FEB... MAR.,. APR... MAT... JON... JUL... AOG... SEP... OCT... NOV... DEC...

1975 JAN... FEB... MAR... APR... HAT... JON... JUL... AUG... SEP...J OCT... NOV...] DEC...

1976 JAN... FEB... BAR... APR... HAT... JUN...I JUL... AUG... SEP... OCT...I NOV... DEC...I

1977 JAN...| FEB...| MAR...I APR...| MAT...| JUN...J JUL...! AUG...I SEP...| OCT...I NOV...| DEC...j

I DEMAND DEPOSITS__D UETO " | FOREIGN | COMMERCIAL | BANKS | 672 I 6.1 | 6.3 | 6.3 | 6.7 | 6.9 1 7.3 | 6.8 | 6.7 | 6.9 1 7.1 I 7.7 I 7.4 | 6.9 | 6.7 | 6.4 I 6.6 | 6.4 I 6.7 I 6.5 | 6.7 I 6.7

6.7 7.0 6.9 7.1 7.2 7.2 7.3 j 7.4 7.6 7.4 7.7 7.7 | 8.1 | 8.3 8.1 8.0 j 8.0 | 8.0 | 8.3 | 8.6 | 9.1 | 8.9 | 8.8 | 8.8 | 9.1 1 10.2 |

| FOREIGN | OFFICIAL (INSTITUTIONS 1 | 2.2 I 2.2 I 2.0 1 2.5 1 2.1 1 2.5 1 2.3 1 2.1 1 2.3 | 2.2 | 2.2 1 2.5 I 2.4 | 2.2 I 2.3 | 2.3 1 2.1 I 2.3 1 2.2 | 2.2 1 2.3 1 2.2 1 2.2 2.3

2.5 2.3 2.3 | 2.2 2.3 2.4 2.5 | 2.4 2.3 2.4 j 2.5 | 2.8 2.8 2.2 2.3 | 2.4 | 2.5 | 2.6 | 2.8 | 2.6 | 2.7 | 2.7 | 2.6 | 3.1 |

I TIME AND | SAVINGS | DUE TO | FOREIGN | OFFICIAL IINST 6 BANKS | 10.6 | 10.5 | 10.2 I 10.6 | 10.8 | 11.3 I 12.5 | 14.0 I 14.4 | 14.8 | 15.1 I 15.6 | 16.1 | 15.9 | 15.8 | 16.0 I 16.7 | 16.6 | 16.2 | 15.6 | 15.8 I 16.3 J 15.7 I 15.7

15.2 | 14.1 | 13.0

12.0 12.3 i 13.0 13.0 | 12.4 12.4 12.3 11.7 12.2 12.0 11.4 | 11.2 11.2 | 11.8 I 12.2 | 11.8 | 11.3 | 10.9 | 11.2 | 11.5 | 11.6 |

r u ^ | AT | COMMERCIAL I BANKS I 571 ' | 6.6 | 6.4 I 6.0 I 7.6 I 6.1 I 5.4 I 4.0 I 5.5 { 3.7 I 3.4 I 4.9 I 4.0 I 3.3 I 3.8 I 4.0 I

TABLE 8 MEMORANDA ITERS


1978 JAN... FEB.,. MAR . . APR... HAT.., JDN... JUL... AUG... SEP... OCT... NOV... DEC...

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

1980 JAN... FEB...I MAR... APR... HAT...| JUN... JUL... AUG...| SEP...; OCT...! NOV...| DEC...!

1981 JAN...| FEB...| MAR...j APR...| HAT...| JUN...| JUL...| AUG...| SEP...| OCT...| NOV...| DEC...1

I DEMAND DEPOSITS DUE TO | FOREIGN | COHHERCIAL | BANKS

| 578 | 10.5 J 10.3 I 9.9 I 10.2 I 10.2 | 10.0 | 10.1 I 9.9 | 10.0 I 10.2

10.9 10.4 10.2 9.8 9.6

| 10.1 10.7 11.0 10.8 11.4 11.6 11.7 12.3 11.9 12.1 12.9 12.7 13.2 | 12.3 12.3 11.7 11.6 11.9 12.6 | 12.8 12.0 12.8 i 11.9 I 12.2 I 12.2 | 12.9 | 12.6 | 12.9 | 13.5 | 12.8 J 12.6 | 12.9 |

| FOREIGN i OFFICIAL (INSTITUTIONS

I 57o 1 2.8 1 2.7 1 2.9 I 2.6 t 2.5 1 2.6 | 2.6 I 2.6 1 2.7 1 2.6 1 2.8

2.6 1 2.7 1 2.7 I 2.9 1 3.1 I 3-3 j I 3.1 i 2.9

2.7 j I 2.5

3.2 3.4

! 3.5 3.3 3.2 | 3.8 3.7 | 3.3 | 3.4 3.3 | 2.9 | 3.0 | 3.4 | 3.7 | 3.4 | 3.3 | 3.0 | 3.3 I 2.8 | 3.0 | 2.8 | 2.8 | 3.0 | 2.2 | 2.4 | 2.6 |

f TIME AND | SAVINGS | DUE TO | FOREIGN | OFFICIAL IINST 6 BANKS | 1l78 I 12.1 I 12.1 I 11.7 | 11.4 I 11.3 | 10.9 I 10.9

11.2 | 11.2

11.8 11.6 11.6 11.0 j 10.9 10.5 { 10.0 9.9 9.9 9.8 j 9.8

I 9.2 8.8 9.9 9.6 9.1 9.4 9.7 10.2 10.8 | 11.0 11.1 11.5 11.8 | 11.8 12.0 11.8 11.6 | 11.3 | 10.9 | 10.9 | 10.6 9.8 J 9.4 j 9.4 | 9.2 | 9.0 i 9.1 |

I EN. | AT | COHHERCIAL | BANKS | 4.3 1 4-3 | 4.8 | 5.0 | 4.0 I 6.2 I 4.4 1 3.5 I 6.2 1 4*3 1 2.7 I 3.3 \ 2.6 1 2.5 I 2.5 1 2.6 j I 2.4 I 3.5 I 2.2 I 2.3 1 2.7 1 2.1 1 2.3 1 2.7

3.0 1 2.7 I 2.7 I 3.6

2.6 3.2

1 2.9 2.4 2.9 2.8 2.5 2.8 2.9 2.9 | 2.9 1 3.9 3.0 | 3.5 i 2.9 | 2.8 | 3.5 | 2.7 | 2.8 | 3.1 I

Ss^ GOVERN HE NT] | AT | FEDERAL | RESERVE | BANKS

| 775 I 5.7 | 4.7 I 5.2 I 6.4 I 7.5 I 10.6 I 9.9 I 11.0 I 15.0 I 8.2

4.0 I 3.4 I 3.5 I 3.1 I 2.8 I 3.3 1 3.3 1 3.3 I 3.0 I 3.9 I 3.3 1 3.0 ] 1 3.0 1 3.1 I 3.4 I 2.7 | I 2.6 I 2.8 I 2.9 I 3.1 1 3.3

3.3 1 3.2 3.0

2.7 3.2 , 3.3 3.0 | 3.4 | 3.3 | 3.0 i 3.1 | 3.2 | 3.2 | 3.3 | 3.1 I 2.9 |

DEMAND DEPOSITS I_ I NOTE I BALANCES | AT BANKS ! AND THRIFTS

5^ 5 I 0.0 I 0.0 I 0.0 I 0.0 | 0.0 I 0.0 I 0.0 1 0.0 I 0.0 I 5.6 I 7.0 1 9.5

5.9 1 4.1 1 2.7 I 6.0 1 7.3 I 11.0 1 7.5 1 9.7 | 9.6 1 3.3 I 6.9 ! 9.6 I 9.0 | 5.1 1 5.4 1 5.9 I 6.8

6.1 I 6.5 | 11.0

9.7 4.1 6.3 5.1 5.4 7.5 8.3 9.5 9.1 i 7.9 j 4.7 7.5

10.7 | 6.9 8.1 |

| TOTAL

| ~TT?8 I 10.0 I 9.5 1 10.2 | 10.4 I 13.7 I 15.1 I 13.5 I 17.2 I 19.3 1 16.5 ] I 14.3 1 15.4 I 11.9 I 9.6 I 8.2 1 11.7 I 84.1 I 16.5 I 12.8 I 16.3 I 15.0 I 8.6 I 12.7 I 15.8 1 15.1 1 I 10.5 I 11.7 I 11.3 I 12.9 I 12.1 I 12.3 I 17.1 I 15.8 I 9.6

11.7 11.2 11.6 | 13.4 |

I 15.6 | I 15.8

15.5 ] 13.9 10.7 | 14.1 j 16.7 J 12.8 j 14.2 |

i | U.S. GOVT. | TIHE AND I SAVINGS ! DEPOSITS

| 579 | A. 8 | 0.9 I 0.9 I 1.0 | 1.0 I 1.0 | 1.0 I 1-0 | 0.9 I 0.9 I 0.9 ! 1.0 | 1.0 I 0.9 I 0.9 I 1.0 I 1.0 I 1.0 I 1.0 I 1.0 I 1.0 I 1.0 I 1.0 I 0.9 I 0.9 | 0.9 | 0.9 | 0.9 | 0.8 | 0.7 I 0.8 I 0.8 I 0.8 I 0.8

0.8 0.8 0.8

I 0.8 0.8 0.8 0.8

I 0.8 0.7 0.7 0.7 0.7 0.7


TABLE 9 HONEY STOCK MEASURES AND COMPONENTS - WEEKLY

BILLIONS OF DOLLARS SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED

1974 JAN JAN JAN JAN JAN FEB FEB FEB FEB HAR HAR HAR HAR APR APR APR APR HAY HAY HAY HAY HAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NO? NOY NO? NO? DEC DEC DEC DEC

2... 9...

16... 23... 30... 6 . . , 13... 20... 27... 6. 13... 20... 27... 3... 10... 17... 24... 1... o. . . 15... 22... 29... 5...

12... 19... 26... 3...J 10... 17... 24... 31... 7... 14...| 21... 28... 4...

11... 18... 25... 2... 9... 16... 23.. . 30... 6...J

13... 20... 27... 4... 11... 18... 25...

H1 i 266.5 I 266.7 | 266.9 | 266.8 I 267.1 | 267.4 I 268.2 I 268.6 I 269.0 j I 269.6

269.9 269.9 270.0 270.1 269.4 270.0

I 270.2 270.1 270.a

I 270.8 J 271.3

I 270.5 I 271.3

271.5 271.7 272.4

I 273.0 I 272.1

272.3 I 271.9 I 272.1

272.8 273.5 273.4 273.2 273.5 273.9 273.8 274.1

I 274.6 274.5

I 274.9 I 275.1

275.5 I 276.1

276.4 276.8 277.4

I 277.7 277.7 277.4 277.5

1 CURRENCY I 61.7 I 61.9 I 62.1 I 62.2 I 62.4 | 62.4 I 62.5 I 62.6

62.8 I 62.9

63.1 j I 63.1

63.2 63.4 63.7 63.8 63.9 64.0 64.1 64.2 64.3 64.4 64.4 64.5 64.5 64.6

I 64.7 64.8 64.8

I 64.9 65.1 65.2 65.4 65.5 65.6 65.8 65.9 65.9 66.1 66.3 66.5 66.7 66.8 67.0 67.0 67.1 67.2 67.4 67.6 67.7 67.8 67.9

| DEHAND I DEPOSITS I 202.9 I 203.0 I 202.9 I 202.7 I 202.8 I 203.0 I 203.8 | 204.1 I 204.3 I 204.7 I 204.9 | I 204.8 | I 204.8 | I 204.7 | I 203.8 I 204.3

204.2 | 204.1 |

I 204.3 | | 204.6 I 205.0 | 204.0 | 204.8 | I 205.1 I 205.2 I 205.9 | I 206.2 | I 205.3 | I 205.4 I 205.0 | I 205.0

205.5 | 206.0

205.7 | I 205.5

205.7 | I 205.9 |

205.8 205.9 206.1 j

I 205.9 | 206.1

206.1 j 206.3 206.9 | 207.1

I 207.3 | 207.8 | 207.9 | 207.7 207.3 207.3

OTHER J ICHECKABLE J I DEPOSITS 1 1 0.3 | 1 0.3 | 1 0.3 |

0.3 | 0.3 |

1 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 f 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 J 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 1 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 4

1 HI | 279.3 | 277.5 I 275.1 | 268.9 I 263.2 | 265.2 I 264.7 | 264.8 | 261.8 I 267.3 | 267.0 | 266.6 | 264.1 I 269.2 I 272.1 I 276.8 j I 270.6 | 267.0 | | 266.8 I 267.7 | | 266.3 | 263.7 I 269.5 I 272.1 I 272.5 | 269.8 I 274.8 I 275.0 | 275.8 I 271.3 I 269.7 I 272.0 I 273.0 I 271.5 I 268.4 I 271.9 I 273.8 | 274.5 I 269.6 I 272.3 I 274.2 | 276.8 I 274.5 | 1 273.2 I 278.0 I 279.2 | I 279.1 | | 277.5 | f 282.4 | I 283.9 I 285.0 | 285.2

CURRENCY i 6275 I 62.4 I 61.9 | 61.4 I 60.8 | 61.7 I 62.1 | 62.0 | 61.4 I 62.5 I 62.9 I 62.7

62.4 I 62.8 j I 64.2

63.9 I 63.2

63.0 I 64.4 |

64.3 I 64.1

64.0 | 64.5 I 65.2 | 64.8 I 64.2 | I 65.1 I 66.1 I 65.5 I 65.0 | 64.6 I 65.9 I 66.1 I 65.7 j 65.1 I 65.8

66,3 65.8

I 65.3 65.4

I 67.0 66.8 { 66.4 66.0 67.3 | 68.0 | 67.8 67.7 | 6C.4 69.2

I 69.2 | 69.7

DEHAND | DEPOSITS j | 215.5 | 213.3 | 211.5 | 205.7 | 200.6 | 201.6 | 200.7 | 201.0 | 198.6 | 202.9 | | 202.2

202.0 | 199.9 -

204.5 | 206.0 | 211.0 | 205.5 | 202.1 |

200.5 | 201.5 | 200.3 | 197.7 | 203.0 I 204.8 | 205.6

203.4 | 207.5 | 206.7 | 208.1 | 204.0 | 202.7

203.8 | 204.6 j

203.5 { 201.0 | 203.8 | 205.3 206.4 202.0 | 204.7 | 205.0 | 207.7 | 205.9 | 205.1 208.6 j 209.0 | 209.2 | 207.6 | 211.9 | 212.5 | 213.7 | 213.3

OTHER I CHECKABLE | DEPOSITS 1

0.3 J 1 0.3 | 1 0.3 | 1 0.3 | 1 0.3 |

0.3 | 1 0.3 | 1 0.3 |

0.3 | 0.4 |

1 0.4 | 1 0.4 |

0.4 | 1 0.4 | 1 0.4 | 1 0.4 f

0.4 | 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 | t 0.4 1 1 0.4 J 1 0.4 |

0.4 | 1 0.4 J 1 0.4 | 1 0.4 | 1 0.4 | 1 0.4 |

0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 [ 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 |



BILLIONS OP DOLLAHS SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED

1975 JAN 1 . . . JAN 8 . . . JAN 1 5 . . . JAN 2 2 . . . JAN 2 9 . . . PEB 5 . . . FEB 1 2 . . . PEB 1 9 . . , FEB 2 6 . . . HAP 5 . . . HAS 1 2 . . . BAR 1 9 . - * HAP 2 6 . . . APR 2 . . . APR 9 . . . APR 1 6 . . . APR 2 3 . . . APR 3 0 . . . HAY 7 . . . HAY 1 4 . . . HAY 2 1 . . . j HAY 2 8 . . . JUN 4 . . . , JON 1 1 . . . JON 1 8 . . . JON 2 5 . . . | JOL 2 . . . ! JOL 9 . . . | JOL 1 6 . . . | JOL 2 3 . . . | JOL 3 0 . . . | A06 6 . . . J AOG 1 3 . . . | AOG 2 0 . . . ] AOG 2 7 . . . | SEP 3 . . . J SEP 1 0 . . . | SEP 1 7 . . . | SEP 2 4 . . . | OCT 1 . . . | OCT 8 . . . | OCT 1 5 . . . | OCT 2 2 . . . | OCT 2 9 . . . | NO? 5 . . . | NOV 1 2 . . . | NO? 1 9 . . . | NO? 2 6 . . . | DEC 3 . . . | DEC 1 0 . . . j DEC 1 7 . . . | DEC 2 4 . . . j DEC 3 1 . . . |

I H1

| 27772 | 277 .1 I 277 .1 | 2 7 7 . 5 | 277 .4 | 277 .5 1 2 7 7 . 8 1 2 7 8 . 0 J 2 7 8 . 6 1 279 .3 | 2 8 0 . 0 | 2 8 0 . 3 | 2 8 0 . 3 I 280 .1 | 2 7 9 . 5 | 279 .1 | 2 7 9 . 0 I 2 7 9 . 6

2 8 0 . 8 j 282 .0 | 282 .9 j 284 .2 284 .9 | 286 .0 2 8 6 . 8 | 2 8 7 . 2 j 2 8 6 . 9 | 2 8 6 . 5 | 2 8 6 . 5 | 286 .6 | 2 8 6 . 7 | 287 .6 | 287 .7 | 288 .1 | 2 8 9 . 6 | 2 8 9 . 0 | 2 8 9 . 0 | 289 .3 | 2 8 8 . 8 | 288 .5 | 2 8 7 . 7 | 2 8 8 . 2 | 2 8 8 . 5 | 2 8 8 , 3 | 290 .1 | 2 9 1 . 3 | 291 .5 | 292 .0 | 2 9 1 . 3 | 290 .5 | 2 9 0 . 9 | 291 .0 | 291 .4 |

I CORRENCY

| 6875 | 68 .1 I 68 .3 | 68 .4 j I 68 .4 | 68 .5 | 6 8 .6 I 68 .7 | 6 8 . 8 I 68 .9 I 6 9 . 1 I 6 9 . 2 I 69 .3 I 69 .4 I 69 .5

69 .4 69 .6 | 6 9 . 7 69 .8 | 6 9 . 9 | 7 0 . 2 | 70 .4 | 70 .6 | 70 .8 | 71 .0 | 7 1 . 2 | 71 .2 | 71 .3 | 71 .4 | 7 1 . 5 | 71 .6 | 71 .7 | 71 .7 | 71 .9 | 71 .9 | 72 .0 | 72 .1 | 72 .1 | 72 .2 J 72 .3 | 7 2 . 5 | 7 2 .6 | 72 .8 | 72 .9 | 73 .0 | 73 .1 | 7 3 . 2 | 7 3 . 3 | 73 .6 | 73 .6 | 73 .7 | 73 .8 | 74 .0 |

| DEHAND I DEPOSITS

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

2 0 8 . 4 I 2 0 8 . 6 | 2 0 8 . 4

2 0 8 . 2 2 0 7 . 5 2 0 7 . 1 2 0 6 . 8 2 0 7 . 3 2 0 8 . 4 2 0 9 . 4 2 1 0 . 1 211 .1 2 1 1 . 6 2 1 2 . 5 2 1 3 . 0 2 1 3 . 3 2 1 2 . 9 2 1 2 . 4 2 1 2 . 3 2 1 2 . 3 | 2 1 2 . 2 | 2 1 3 . 1 | 213 .1 | 2 1 3 . 4 2 1 4 . 8 | 2 1 4 . 1 | 2 1 4 . 0 | 2 1 4 . 3 | 2 1 3 . 7 | 2 1 3 . 3 | 2 1 2 . 2 | 2 1 2 . 6 | 2 1 2 . 8 | 2 1 2 . 4 | 2 1 4 . 2 | 2 1 5 . 1 2 1 5 . 2 | 2 1 5 . 6 | 2 1 4 . 6 | 2 1 3 . 7 { 214 .0 | 214 .0 | 2 1 4 . 3 |

| OTHER 7 |CHECKABLE | LDEPOSITS 1 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | t 0 . 5 | 1 0 . 5 | 1 0 . 6 J 1 0 . 6 I 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 |

0 . 7 | 1 0 . 7 |

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

1 ai

| 28872 | 2 8 9 . 1 | 285 .1 | 2 8 0 . 7 | 2 7 3 . 3 | 2 7 4 . 7 | 2 7 4 . 3 | 2 7 3 . 7 | 2 7 0 . 6 | 2 7 5 . 6 | 2 7 7 . 7 I 2 7 6 . 7 | 2 7 4 . 6 I 2 7 7 . 9 | 2 8 2 . 9 I 2 8 5 . 2 | 2 8 1 . 4 I 2 7 5 . 7 | 2 7 7 . 2 | 2 7 8 . 2 I 2 7 7 . 9 I 2 7 7 . 4 I 2 8 2 . 6 | 2 8 6 . 2 I 2 8 8 . 0 | 2 8 4 . 5 I 2 8 7 . 3 ! 2 8 9 . 8 | I 2 9 0 . 8 | I 2 8 6 . 4 I 2 8 3 . 8 | | 2 8 7 . 6 | I 2 8 6 . 7 | | 2 8 6 . 5 I 2 8 4 . 6 1 | 2 8 7 . 0 | | 2 8 9 . 7 | | 2 9 1 . 1 | I 2 8 4 . 4 | | 2 8 4 . 9 | I 2 8 7 . 9 | I 2 9 0 . 3 | I 2 8 8 . 6 | | 2 8 5 . 5 | | 2 9 3 . 1 | I 2 9 4 . 7 ] I 2 9 3 . 9 | I 2 9 1 . 3 | I 2 9 5 . 8 1 | 2 9 7 . 0 | I 2 9 8 . 9 | I 2 9 8 . 5 | I 3 0 2 . 0 |

| CORRENCY

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

6 9 . 8 I 7 0 . 1

7 0 . 0 I 7 0 . 0

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

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

| DEHAND | DEPOSITS

I 21777 I 2 1 8 . 3 | 2 1 4 . 8 I 2 1 0 . 9 | 2 0 4 . 2 | 2 0 4 . 9 | 2 0 3 . 7 I 2 0 3 . 2 I 2 0 0 . 9 I 2 0 5 . 0 I 2 0 6 . 1 I 2 0 5 . 4 _ | 2 0 3 . 6 I 2 0 6 . 7 | 2 1 0 . 6 I 2 1 3 . 3 I 2 0 9 . 9

2 0 4 . 8 I 2 0 4 . 9

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

| OTHER T |CHECKABLE | 1 DEPOSITS 1 1 0 . 5 | 1 0 . 5 I 1 0 . 5 J 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 | 1 0 . 5 t 1 0 . 6 | 1 0 . 6 | 1 0 . 6 | 1 0 . 6 f 1 0 . 6 | 1 0 . 6 |

0 . 6 | 0 . 6 | 0 . 6 | 0 . 6 |

1 0 . 6 | 0 . 7 | 0 . 7 | 0 . 7 J 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 J 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 7 | 0 . 8 | 0 . 8 | 0 . 8 J 0 . 8 | 0 . 8 | 0 . 8 | 0 . 8 | 0 . 8 | 0 . 8 | 0 . 8 | 0 . 9 | 0 . 9 | 0 . 9 | 0 . 9 | 0 . 9 | 0 . 9 |



BILLIONS OF DOLLARS SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED

1976 JAN JAN JAN JAN PEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY HAY MAY JON JUN JON JON JON JOL JOL JOL JOL A06 AOG A06 AOG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC

7 . . . 1 4 . . . 2 1 . . . 2 8 . . .

4 . . . 1 1 . . . 1 8 . . . 2 5 . . .

3 . . . 1 0 . . . 1 7 . . . 2 4 . . . 3 1 . . .

7 . . . 1 4 . . . 2 1 . . . 2 8 . . .

5 . . . 1 2 . . . 1 9 . . . 2 6 . . .

2 . . . 9 . . .

1 6 , . . . 2 3 . . . 3 0 . . .

7 . . . 1 4 . . . 2 1 . . . | 2 8 . . .

4 . . . | 1 1 . . . 1 8 . . . 2 5 . . . |

1 . . . 8 . . . I

1 5 . . . | 2 2 . . . | 2 9 . . . i

o . . . 1 3 . . . | 2 0 . . . | 2 7 . . . |

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

1 . . . J o. . . I

1 5 . . . | 2 2 . . . | 2 9 . . . J

1 H1

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

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

I CURRENCY

| 7470 ! 7 4 . 1 | 7 4 . 3 I 7 4 . 5 I 7 4 . 6 I 7 4 . 8 I 7 4 . 9 | 7 5 . 1 I 7 5 . 3 | 7 5 . 5 I 7 5 . 6 I 7 5 . 6 I 7 6 . 0 I 7 6 . 3 I 7 6 . 5 I 7 6 . 6 I 7 6 . 8 I 7 6 . 9

7 6 . 9 I 7 7 . 1 I 7 7 . 2

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

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

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

| OTHER | |CHECKABLE | 1 DEPOSITS 1 1 1-0 | 1 1 .0 | I 1-0 | I 1 .0 | 1 1 .0 | I 1 . 1 I 1 1 -1 I I 1 .1 1 1 1 .1 I I 1-2 | 1 1 .2 | 1 1*2 | 1 1 .3 | I 1-3 | 1 1 .4 | 1 1.4 | 1 1 .4 | I 1-4 | I 1 .5 | 1 1*5 |

1 -5 | 1 1-6 | 1 1 .6 J

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

1 B1

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

| CURRENCY

| 747? | 7 4 . 1 | 7 3 . 6 I 7 3 . 0 I 7 3 . 5 | 7 4 . 5 I 7 4 . 3 | 7 3 . 5 I 7 4 . 1 | 7 5 . 6 I 7 5 . 3 | 7 5 . 1 | 7 4 . 7 | 7 6 . 3 | 7 6 . 6 | 7 6 . 6 | 7 5 . 6 | 7 6 . 6 I 7 7 . 4 | 7 7 . 1 I 7 6 . 6 | 7 7 . 4 | 7 8 . 4 | 7 8 . 0

7 7 . 6 | 7 7 . 2

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

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

l DEMAND | DEPOSITS

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

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

| 2 1 5 . 4 | I 2 1 8 . 1

2 1 8 . 1 2 1 8 . 8

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

I OTHER T I CHECKABLE | [.DEPOSITS 1 1 1 .0 | I 1 .0 | 1 1 .0 | I 1 . 0 | 1 1 . 0 I I 1 . 1 I I 1 . 1 I I 1 . 1 I 1 1 . 1 1 1 1 . 2 | 1 1 . 2 | 1 - 1 . 2 | 1 1 .3 | 1 1-3 | I 1 .4 | 1 1 .4 | I 1 .4 | 1 1 .4 | 1 1 . 5 | I 1 . 5 | 1 1*5 | 1 1 . 6 | 1 1 .6 | 1 1 -7 J I 1-7 |

1 . 7 | 1 . 8 |

I 1 -8 | 1 . 9 I

I 1 . 9 | 1 . 9 I 2 . 0 |

1 2 . 0 | 1 2 . 0 |

Z . 1 1 2 . 1 I

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


TABLE 9 HO NET STOCK MEASURES AND COHPOHENIS - WEEKLY

BILLIONS OF DOLLARS SEASONALLY ADJOSTED NOT SEASONALLY ADJOSTED

~1977 JAN JAN JAN JAN FEB FEB FEB FEB MAR HAS HAR HAR HAR APR APR APR APR NAY HAY HAY HAY JON JON JON JON JON JOL JOL J

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