Announcements.PROPOSED ACTION The Federal Reserve Board on February February: see month. 22, 1999, requested comment on proposed changes to its Regulation CC (Availability of Funds and Collection of Checks) that would provide more flexibility to depository institutions Depository institution A financial institution that obtains its funds mainly through deposits from the public. This includes commercial banks, savings and loan associations, savings banks and credit unions. to experiment with methods to return unpaid checks electronically. Comments are requested by April 30, 1999. ADDITION OF SUPPLEMENTARY TABLES TO THE FLOW OF FUNDS Flow of funds In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. In the context of mutual funds, refers to the movement of money into or out of a mutual funds or between or among ACCOUNTS The Federal Reserve Board on February 17, 1999, announced that it will include in future issues of the Flow of Funds Accounts of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. (Z.1 statistical release) supplementary tables that combine the assets and liabilities of all government entities in the United States. The title of the new tables is "Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Statement for Federal, State, and Local Governments," and they will be numbered F. 106.c for financial flows and L. 106.c for outstanding amounts of financial assets Financial assets Claims on real assets. and liabilities at the end of the periods shown. The release will continue to show separately the assets and liabilities of the federal government and state and local governments. The inclusion of table F. 106.c and table L. 106.c is motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo by the International Monetary Fund's Special Data Dissemination dissemination Medtalk The spread of a pernicious process–eg, CA, acute infection Oncology Metastasis, see there Standards (SDDS (Sony Dynamic Digital Sound) A digital audio encoding system used in movie theaters since 1993. The SDDS sound track is recorded optically as microscopic pits similar to a CD along both outer edges of the 35mm film strip. ), which were established in 1996 to provide guidance on the dissemination of economic and financial data for countries that have, or might seek, access to international capital markets. The United States is a subscriber subscriber, n the person, usually the employee, who represents the family unit in relation to the prepayment plan. Other family members are dependents. Also called certificate holders or enrollees. to the IMF's SDDS. The Z. 1 statistical release, "Flow of Funds Accounts of the United States," is updated about ten weeks after the end of a quarter. The release is available from the Board's Publications Services (Mail Stop 127, Board of Governors of the Federal Reserve System Board of Governors of the Federal Reserve System The managing body of the Federal Reserve System, which sets policies on bank practices and the money supply. , Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , DC 20551) and electronically on the Board's web site (http://www.federalreserve.gov/releases/Z1). PUBLICATION BY AN INTERAGENCY in·ter·a·gen·cy adj. Involving or representing two or more agencies, especially government agencies. TASK FORCE OF A CONSUMER BROCHURE A brochure or pamphlet is a leaflet advertisement. Brochures may advertise locations, events, hotels, products, services, etc. They are usually succinct in language and eye-catching in design. ABOUT SHOPPING AND NEGOTIATING FOR THE BEST MORTGAGE The federal Interagency Task Force on Fair Lending has published a brochure for consumers Looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. the Best Mortgage: Shop, Compare, Negotiate. The brochure notes that shopping around for a home loan or mortgage is similar to shopping for a car--consumers should obtain information on all costs of the loan and negotiate for the best deal. The brochure describes how comparing and negotiating interest rates, fees, and other payment terms on loans may help consumers get the best financing and possibly save thousands of dollars, whether it is a home purchase loan, a refinancing Refinancing An extension and/or increase in amount of existing debt. , or a home equity loan. It advises consumers to do the following: * Obtain information from several lenders * Make sure to obtain all important cost information * Negotiate for the best deal. For example, the brochure notes that on any given day, lenders and brokers may offer different prices for the same loan to different consumers, even if consumers have the same loan qualifications. These different prices may result because loan officers and brokers are often allowed to keep some or all of the difference between the lowest available price and any higher price that the consumer agrees to pay. This compensation arrangement helps explain why it is important for consumers to ask questions about costs and negotiate for the best deal. The brochure contains a worksheet See spreadsheet. worksheet - spreadsheet consumers can use to compare costs while shopping. The worksheet lists commonly charged fees and closing costs Closing Costs The numerous expenses (over and above the price of the property) that buyers and sellers normally incur to complete a real estate transaction. Costs incurred include loan origination fee, discount points, appraisal fee, title search, title insurance, survey, taxes, and includes a useful list of questions consumers may wish to ask lenders when they shop for a loan. The brochure outlines common sources for home loans and explains the difference between rates, points, and fees. It highlights some of the laws that protect consumers from unfair lending practices. It also emphasizes that even consumers with past credit problems should shop around and negotiate for the best deal. Finally, the brochure includes a mortgage loan shopping form that consumers can use to record loan data quoted by two or more lenders or brokers and then compare that data to help identify or negotiate the best deal. The members of the Interagency Task Force include the Department of Housing and Urban Development, the Department of Justice, the Department of the Treasury, the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Federal Housing Finance Board Federal Housing Finance Board (FHFB) US government agency chartered in 1989 to assume the responsibilities formerly held by the Federal Home Loan Bank system. , the Federal Reserve Board, the Federal Trade Commission, the National Credit Union Administration The National Credit Union Administration (NCUA) is responsible for chartering, insuring, supervising, and examining federal credit unions (FCUs) and for administering the National Credit Union Share Insurance Fund. , the Office of Federal Housing Enterprise Oversight
Oversight may refer to:
Single copies of the brochure are available free of charge from the Board's Publications Services, Mail Stop 127, Board of Governors of the Federal Reserve System, Washington, DC 20551; it is also on the Board's web site (http://www.federalreserve.gov See .gov and GovNet. (networking) gov - The top-level domain for US government bodies. ). Single copies are also available free of charge from other members of the Interagency Task Force. The brochure is available at 50 cents per copy from the Consumer Information Center, Pueblo Pueblo, city, United States Pueblo (pwĕb`lō, py  ĕb`lō), city (1990 pop. 98,640), seat of Pueblo co., S central Colo. , CO 81009, or from the center's web site
(http:// www.pueblo.gsa.gov).AVAILABILITY OF THE LIST OF FOREIGN MARGIN STOCKS The Federal Reserve Board on February 22, 1999, initiated semiannual Semiannual An event that occurs twice in a calendar year. Notes: A bond with semiannual coupons would issue payment once every six months. See also: Annual, Bond, Coupon Bond publication of its List of Foreign Margin Stocks. The list, which was effective March 1 and supersedes the November November: see month. 9, 1998, list, is the last to be accompanied ac·com·pa·ny v. ac·com·pa·nied, ac·com·pa·ny·ing, ac·com·pa·nies v.tr. 1. To be or go with as a companion. 2. by a press release. Future lists (the next is scheduled for September September: see month. 1999), will be published directly on the Board's Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the site (http://www.federalreserve.gov). Stocks on the list meet the Board's criteria criteria (krītēr´ē  ),n. in section 220.11 of Regulation T (Credit by Brokers and Dealers) and are eligible for margin treatment at brokers and dealers on the same basis as domestic margin stocks. Other foreign stocks are also eligible if they are deemed by the Securities and Exchange Commission (SEC) to have a "ready market" for purposes of the SEC's net capital rule. The foreign stocks on the Financial Times/Standard & Poor's Actuaries World Indices (FT/S&P list) are not included in the Board's list, but `they all qualify for margin treatment under an SEC "no action" letter, which effectively treats these securities as having a ready market. With the Board's December December: see month. 23, 1997, amendments to its margin regulations, all brokers and dealers became able as of January January: see month. 1, 1999, to offer margin credit on all stocks trading in the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. . Therefore the Board ceased publication of its quarterly List of Marginable OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Stocks with the November 9, 1999, list. It is unlawful Contrary to or unauthorized by law; illegal. When applied to promises, agreements, or contracts, the term denotes that such agreements have no legal effect. The law disapproves of such conduct because it is immoral or contrary to public policy. for any person to cause any representation to be made that inclusion of a stock on the List of Foreign Margin Stocks indicates that the Board or the SEC has in any way passed upon the merits The strict legal rights of the parties to a lawsuit. The word merits refers to the substance of a legal dispute and not the technicalities that can affect a lawsuit. A judgment on the merits is the final resolution of a particular dispute. MERITS. of any such stock or transaction therein. Any references to the Board in connection with the list or any stocks thereon there·on adv. 1. On or upon this, that, or it. 2. Archaic Following that immediately; thereupon. Adv. 1. thereon - on that; "text and commentary thereon" on it, on that in any advertisement ADVERTISEMENT. A 'notice' published either in handbills or in a newspaper. 2. The law in many instances requires parties to advertise in order to give notice of acts which are to be done; in these cases, the advertisement is in general equivalent to notice. or similar communication is unlawful. ENFORCEMENT ACTIONS The Federal Reserve Board on February 5, 1999, announced the execution of a written agreement by and among First Utah Bancorporation, the First Utah Bank, and Premier Data Corporation, all of Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , and the Federal Reserve Bank of San Francisco The Federal Reserve Bank of San Francisco is the federal bank for the twelfth district in the United States. The twelfth district is made up of nine western states—Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, . The written agreement includes provisions addressing Year 2000 readiness. On February 11, 1999, the Federal Reserve Board announced the issuance of a prompt corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or directive Directive may refer to:
Tucumcari is a city in Quay County, New Mexico, United States. The population was 5,989 at the 2000 census. . REVISIONS ReVisions is a 2004 anthology of alternate history short-stories. It is edited by Julie E. Czerneda and Isaac Szpindel. Contents Title Author The Resonance of Light James Alan Gardner Out of China Julie E. TO THE MONEY STOCK DATA Measures of the money stock were revised in February of this year to incorporate the results of the annual benchmark A performance test of hardware and/or software. There are various programs that very accurately test the raw power of a single machine, the interaction in a single client/server system (one server/multiple clients) and the transactions per second in a transaction processing system. and seasonal factor review. Data in tables 1.10 and 1.21 in the statistical appendix appendix, small, worm-shaped blind tube, about 3 in. (7.6 cm) long and 1-4 in. to 1 in. (.64–2.54 cm) thick, projecting from the cecum (part of the large intestine) on the right side of the lower abdominal cavity. to the Federal Reserve Bulletin reflect these changes beginning with this issue. The revisions had no effect on the annual growth rate of M2 over 1998, but they raised the annual growth rate of M1 by 0.1 percentage point and lowered that of M3 by 0.1 percentage point over the past year. The benchmark incorporates minor revisions to data reported on the weekly and quarterly deposit reports, and it takes account of deposit data from call reports for banks and thrift institutions Thrift institution An organization formed as a depository for primarily consumer savings. Savings and loan associations and savings banks are thrift institutions. that are not weekly or quarterly deposit reporters. These revisions to deposit data start in 1992. The benchmark also incorporates historical data for a number of money market mutual funds that began reporting for the first time during 1998, raising the level of M3 over the years by amounts that cumulate to $5 billion by the end of 1998. Historical revisions have also been made to repurchase agreement Repurchase agreement An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. (RP) and Eurodollar Eurodollar U.S. dollar that has been deposited outside the U.S., especially in Europe. Foreign banks holding Eurodollars are obligated to pay in U.S. dollars when the deposits are withdrawn. series to reflect better estimates of the holdings of money market mutual funds, which must be netted from the gross RP and Eurodollar series to avoid double counting Double counting may refer to:
Seasonal factors for the monetary aggregates have been revised, using the benchmarked data through December 1998. For the first time, the X-12-ARIMA X-12-ARIMA is the U.S. Census Bureau's software package for seasonal adjustment. It can be used together with gretl, which provides a graphical user interface for X-12-ARIMA. See also
v. 1. To obtain or receive from a source. 2. To produce or obtain a chemical compound from another substance by chemical reaction. monthly seasonal factors. As usual, the revisions due to seasonal factors slightly changed the pattern of quarterly growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of MI, M2, and M3 in 1998. The annual growth rates of M1 and M2 were unchanged, but that of M3 was lowered a bit. Complete historical data are available in printed form from the Money and Reserves Projection projection, in psychology: see defense mechanism. See rear-projection TV, front-projection TV and LCD panel. (theory) projection - In domain theory, a function, f, which is (a) idempotent, i.e. Section, Mail Stop 72, Board of Governors of the Federal Reserve System, Washington, DC 20551, or phone (202) 452-3062. Historical data for the monetary aggregates and their components are available each week in statistical release H.6 on the Board's web site (http://www.federalreserve.gov) under Domestic and International Research, Statistical Releases, and also from the Economic Bulletin Board of the U.S. Department of Commerce. Call (202) 482-1986 or toll-free (800) 782-8872 for information on how to access the Commerce Department's bulletin board. 1. Monthly seasonal factors used to construct M1, January 1998-March 2000
Nonbank travelers
Year and month Currency checks Demand deposits
1998--January .9983 1.0265 1.0097
February .9973 1.0262 .9803
March .9984 1.0166 .9867
April .9987 1.0137 1.0005
May .9993 1.0106 .9843
June .9981 .9918 .9950
July 1.0010 .9623 .9991
August .9991 .9603 .9986
September .9974 .9773 .9951
October .9986 .9908 .9960
November 1.0023 1.0145 1.0127
December 1.0108 1.0209 1.0393
1999--January .9996 1.0229 1.0125
February .9977 1.0237 .9811
March .9986 1.0159 .9860
April .9989 1.0148 1.0003
May .9978 1.0114 .9843
June .9982 .9943 .9957
July 1.0009 .9635 1.0000
August .9985 .9588 .9961
September .9969 .9777 .9944
October .9996 .9902 .9984
November 1.0022 1.0110 1.0105
December 1.0119 1.0195 1.0398
2000--January .9986 1.0218 1.0121
February .9977 1.0235 .9809
March .9992 1.0165 .9859
Other checkable deposits(1)
Year and month Total At banks
1998--January 1.0114 1.0186
February .9945 .9996
March 1.0034 1.0036
April 1.0223 1.0193
May .9946 .9941
June .9990 .9977
July .9935 .9907
August .9905 .9892
September .9933 .9925
October .9919 .9906
November .9974 .9964
December 1.0078 1.0080
1999--January 1.0109 1.0178
February .9945 .9992
March 1.0039 1.0039
April 1.0225 1.0192
May .9950 .9945
June .9991 .9982
July .9936 .9908
August .9905 .9893
September .9930 .9922
October .9920 .9908
November .9975 .9966
December 1.0076 1.0078
2000--January 1.0107 1.0174
February .9945 .9990
March 1.0040 1.0039
(1.) Seasonally adjusted Seasonally adjusted Mathematically adjusted by moderating a macroeconomic indicator (e.g., oil prices/imports) so that relative comparisons can be drawn from month to month all year. other checkable deposits at thrift institutions are derived de·rive v. de·rived, de·riv·ing, de·rives v.tr. 1. To obtain or receive from a source. 2. as the difference between total other checkable deposits, seasonally adjusted, and seasonally adjusted other checkable deposits at commercial banks. 2. Monthly seasonal factors used to construct M2 and M3, January 1998-March 2000
Savings and Small- Large-
MMDA denomination denomination
Year and month deposits(1) time deposits(1) time deposits(1)
1998--January .9956 1.0009 .9765
February .9960 1.0020 .9919
March 1.0071 1.0013 1.0067
April 1.0116 1.0004 .9999
May 1.0004 .9985 1.0099
June 1.0028 .9985 1.0085
July 1.0011 .9999 .9996
August .9999 .9994 1.0006
September .9953 .9993 1.0009
October .9933 1.0009 1.0063
November .9972 1.0003 1.0040
December .9974 .9990 .9933
1999--January .9959 1.0011 .9749
February .9968 1.0022 .9915
March 1.0080 1.0014 1.0085
April 1.0129 1.0002 1.0014
May 1.0010 .9980 1.0110
June 1.0028 .9978 1.0103
July 1.0007 .9997 .9995
August .9993 .9993 1.0004
September .9946 .9995 1.0008
October .9927 1.0012 1.0052
November .9968 1.0006 1.0032
December .9974 .9991 .9925
200O--January .9960 1.0012 .9740
February .9972 1.0022 .9913
March 1.0083 1.0014 1.0095
Money market mutual funds
Year and month In M2 In M3 only RPs Eurodollars
1998--January 1.0027 1.0255 1.0024 1.0337
February 1.0080 1.0331 .9988 1.0178
March 1.0170 1.0178 1.0057 .9947
April 1.0130 .9960 1.0078 .9884
May .9841 .9862 1.0223 .9952
June .9856 .9863 1.0033 .9831
July .9898 .9791 .9915 .9769
August 1.0020 .9866 .9951 .9899
September 1.0008 .9807 .9968 .9916
October .9980 .9923 .9971 1.0051
November .9990 1.0021 1.0017 1.0027
December .9999 1.0136 .9754 1.0251
1999--January 1.0023 1.0277 1.0048 1.0344
February 1.0086 1.0329 .9985 1.0180
March 1.0178 1.0165 1.0088 .9934
April 1.0134 .9967 1.0094 .9860
May .9843 .9884 1.0219 .9929
June .9849 .9863 .9994 .9802
July .9884 .9769 .9911 .9762
August 1.0011 .9849 .9941 .9914
September 1.0013 .9788 .9957 .9927
October .9986 .9926 .9954 1.0051
November .9994 1.0037 1.0029 1.0046
December .9997 1.0140 .9771 1.0277
200O--January 1.0023 1.0288 1.0060 1.0351
February 1.0090 1.0333 .9979 1.0175
March 1.0178 1.0157 1.0104 .9927
(1) Seasonal factors are applied to deposits data at both commercial banks and thrift thrift: see leadwort. restitutions 3. Weekly seasonal factors used to construct M1, December 7, 1998-April 3, 2000
Nonbank travelers
Week ending Currency checks Demand deposits
1998--December 7 1.0054 1.0231 1.0156
14 1.0065 1.0218 1.0222
21 1.0119 1.0206 1.0465
28 1.0203 1.0193 1.0519
1999--January 4 1.0108 1.0180 1.0897
11 1.0033 1.0203 1.0246
18 .9993 1.0226 1.0031
25 .9942 1.0248 .9830
February 1 .9930 1.0271 .9945
8 .9994 1.0257 .9804
15 1.0000 1.0242 .9812
22 .9963 1.0228 .9725
March 1 .9953 1.0213 .9895
8 1.0016 1.0192 .9822
15 .9997 1.0171 .9914
22 .9984 1.0150 .9741
29 .9967 1.0129 .9825
April 5 1.0017 1.0108 1.0105
12 1.0028 1.0129 1.0088
19 .9981 1.0150 1.0167
26 .9946 1.0170 .9783
May 3 .9959 1.0191 .9959
10 1.0006 1.0157 .9761
17 .9968 1.0123 .9864
24 .9972 1.0089 .9632
31 .9954 1.0056 1.0011
June 7 1.0007 1.0013 .9894
14 .9993 .9971 1.0043
21 .9975 .9929 .9783
28 .9963 .9887 .9946
July 5 1.0056 .9846 1.0365
12 1.0032 .9739 .9973
19 .9993 .9635 .9960
26 .9968 .9533 .9786
1999--August 2 .9975 .9434 1.0148
9 1.0037 .9497 .9884
16 1.0002 .9561 .9970
23 .9967 .9626 .9846
30 .9936 .9692 1.0023
September 6 1.0017 .9760 .9938
13 .9991 .9769 1.0009
20 .9960 .9779 .9926
27 .9942 .9789 .9874
October 4 .9975 .9799 1.0159
11 1.0022 .9847 .9834
18 .9993 .9896 1.0007
25 .9967 .9945 .9865
November 1 .9971 .9995 1.0165
8 1.0036 1.0040 .9910
15 1.0019 1.0087 1.0059
22 1.0005 1.0133 .9984
29 1.0041 1.0180 1.0386
December 6 1.0062 1.0228 1.0103
13 1.0076 1.0210 1.0194
20 1.0126 1.0193 1.0462
27 1.0201 1.0176 1.0554
200O--January 3 1.0110 1.0158 1.0891
10 1.0033 1.0184 1.0160
17 .9991 1.0211 1.0054
24 .9940 1.0238 .9911
31 .9922 1.0264 1.0013
February 7 .9987 1.0253 .9822
14 1.0002 1.0242 .9795
21 .9972 1.0231 .9702
28 .9955 1.0219 .9882
March 6 1.0017 1.0208 .9846
13 1.0002 1.0185 .9960
20 .9983 1.0162 .9826
27 .9964 1.0139 .9752
April 3 1.0016 1.0116 1.0092
Other checkable deposits(1)
Week ending Total At banks
1998--December 7 1.0036 .9931
14 .9912 .9883
21 1.0060 1.0087
28 1.0133 1.0232
1999--January 4 1.0434 1.0449
11 1.0143 1.0177
18 1.0073 1.0131
25 .9991 1.0108
February 1 1.0055 1.0156
8 .9960 .9991
15 .9878 .9899
22 .9909 .9988
March 1 1.0031 1.0080
8 1.0013 .9964
15 .9961 .9944
22 .9990 1.0016
29 1.0097 1.0143
April 5 1.0235 1.0133
12 1.0193 1.0134
19 1.0369 1.0370
26 1.0193 1.0232
May 3 1.0166 1.0098
10 .9974 .9908
17 .9880 .9886
24 .9833 .9894
31 1.0007 1.0033
June 7 .9997 .9935
14 .9961 .9916
21 .9947 .9967
28 .9992 1.0044
July 5 1.0088 .9985
12 .9917 .9860
19 .9880 .9873
26 .9866 .9902
1999--August 2 1.0041 1.0024
9 .9902 .9841
16 .9850 .9823
23 .9846 .9873
30 .9952 .9985
September 6 .9964 .9876
13 .9916 .9879
20 .9904 .9942
27 .9893 .9947
October 4 1.0022 .9956
11 .9861 .9809
18 .9884 .9879
25 .9870 .9925
November 1 1.0052 1.0057
8 .9962 .9908
15 .9932 .9904
22 .9925 .9969
29 1.0039 1.0052
December 6 1.0023 .9923
13 .9920 .9895
20 1.0045 1.0074
27 1.0132 1.0209
200O--January 3 1.0427 1.0454
10 1.0155 1.0166
17 1.0082 1.0137
24 .9995 1.0118
31 1.0058 1.0161
February 7 .9954 .9989
14 .9874 .9890
21 .9900 .9975
28 1.0020 1.0072
March 6 1.0010 .9971
13 .9969 .9962
20 1.0001 1.0035
27 1.0103 1.0150
April 3 1.0232 1.0140
(1) Seasonally adjusted other checkable deposits at thrift institutions are derived as the difference between total other checkable deposits, seasonally adjusted, and seasonally adjusted other checkable deposits at commercial banks. 4. Weekly seasonal factors used to construct M2 and M3, December 7, 1998-April 3, 2000
Savings and Small-
MMDA denomination
Week ending deposits(1) time deposits(1)
1998--December 7 1.0137 1.0002
14 1.0068 .9997
21 .9925 .9988
28 .9792 .9977
1999--January 4 .9927 .9982
11 1.0096 1.0006
18 1.0048 1.0016
25 .9855 1.0019
February 1 .9839 1.0021
8 1.0074 1.0024
15 1.0012 1.0024
22 .9885 1.0022
March 1 .9913 1.0019
8 1.0197 1.0020
15 1.0164 1.0016
22 1.0039 1.0011
29 .9958 1.0008
April 5 1.0273 1.0013
12 1.0299 1.0012
19 1.0156 1.0002
26 .9886 .9993
May 3 .9968 .9990
10 1.0086 .9987
17 1.0036 .9981
24 .9940 .9975
31 .9947 .9972
June 7 1.0201 .9976
14 1.0155 .9977
21 .9987 .9975
28 .9825 .9979
July 5 1.0150 .9996
12 1.0108 1.0001
19 .9995 .9999
26 .9848 .9995
1999--August 2 .9902 .9994
9 1.0164 .9997
16 1.0084 .9994
23 .9907 .9992
30 .9813 .9990
September 6 1.0170 .9992
13 1.0107 .9992
20 .9899 .9992
27 .9674 .9994
October 4 .9953 1.0012
11 1.0058 1.0020
18 .9977 1.0013
25 .9804 1.0010
November 1 .9782 1.0005
8 1.0119 1.0008
15 1.0100 1.0007
22 .9897 1.0005
29 .9777 1.0003
December 6 1.0138 1.0003
13 1.0086 .9999
20 .9933 .9990
27 .9810 .9979
200O--January 3 .9916 .9985
10 1.0073 1.0010
17 1.0036 1.0016
24 .9858 1.0015
31 .9843 1.0017
February 7 1.0063 1.0024
14 1.0015 1.0024
21 .9900 1.0022
28 .9918 1.0020
March 6 1.0162 1.0020
13 1.0129 1.0017
20 1.0016 1.0013
27 .9952 1.0008
April 3 1.0258 1.0013
Money market
mutual funds
denomination
Week ending time deposits(1) In M2 In M3 only
1998--December 7 1.0036 1.0017 1.0219
14 1.0025 1.0054 1.0378
21 .9925 1.0019 1.0090
28 .9834 .9970 1.0054
1999--January 4 .9735 .9854 .9685
11 .9773 1.0027 1.0319
18 .9741 1.0076 1.0383
25 .9735 1.0057 1.0440
February 1 .9756 1.0024 1.0242
8 .9814 1.0058 1.0327
15 .9922 1.0070 1.0341
22 .9942 1.0113 1.0352
March 1 1.0017 1.0114 1.0305
8 1.0068 1.0207 1.0262
15 1.0105 1.0194 1.0231
22 1.0086 1.0174 1.0169
29 1.0092 1.0149 1.0037
April 5 1.0075 1.0171 .9972
12 1.0035 1.0298 1.0183
19 .9986 1.0196 .9938
26 .9960 1.0047 .9860
May 3 1.0046 .9847 .9826
10 1.0109 .9842 .9921
17 1.0116 .9813 .9900
24 1.0119 .9864 .9881
31 1.0121 .9852 .9859
June 7 1.0159 .9889 .9956
14 1.0164 .9868 .9936
21 1.0095 .9844 .9799
28 1.0043 .9806 .9801
July 5 .9938 .9806 .9734
12 .9963 .9909 .9826
19 1.0004 .9897 .9759
26 1.0028 .9908 .9796
1999--August 2 1.0041 .9878 .9702
9 1.0037 .9973 .9848
16 .9982 1.0022 .9855
23 1.0002 1.0035 .9890
30 .9983 1.0045 .9843
September 6 1.0002 1.0059 .9869
13 1.0020 1.0085 .9859
20 1.0015 1.0030 .9755
27 .9994 .9946 .9727
October 4 1.0012 .9867 .9679
11 1.0106 .9959 .9894
18 1.0072 1.0019 .9946
25 1.0046 1.0036 .9991
November 1 .9997 1.0001 1.0025
8 1.0030 .9999 .9919
15 1.0040 .9988 1.0017
22 1.0019 1.0020 1.0069
29 1.0041 .9965 1.0121
December 6 1.0044 1.0031 1.0194
13 1.0043 1.0059 1.0331
20 .9930 1.1303 1.0153
27 .9827 .9961 1.0110
200O--January 3 .9705 .9844 .9758
10 .9772 1.0011 1.0286
17 .9743 1.0080 1.0383
24 .9729 1.0055 1.0440
31 .9731 1.0022 1.0267
February 7 .9795 1.0057 1.0324
14 .9903 1.0073 1.0345
21 .9925 1.0110 1.0356
28 1.0004 1.0105 1.0316
March 6 1.0071 1.0187 1.0272
13 1.0116 1.0205 1.0239
20 1.0098 1.0181 1.0184
27 1.0099 1.0154 1.0059
April 3 1.0079 1.0157 .9971
RPs Eurodollars
Week ending
1998--December 7 .9910 1.0180
14 .9852 1.0294
21 .9738 1.0204
28 .9592 1.0307
1999--January 4 .9586 1.0292
11 .9979 1.0202
18 1.0096 1.0337
25 1.0189 1.0434
February 1 1.0184 1.0372
8 1.0115 1.0205
15 1.0011 1.0203
22 .9892 1.0127
March 1 .9883 1.0156
8 .9991 .9915
15 1.0100 .9930
22 1.0178 .9908
29 1.0120 .9960
April 5 1.0058 .9910
12 1.0073 .9829
19 1.0072 .9763
26 1.0097 .9918
May 3 1.0208 .9918
10 1.0262 .9803
17 1.0224 .9864
24 1.0200 1.0020
31 1.0194 1.0033
June 7 1.0131 .9884
14 1.0042 .9810
21 .9950 .9737
28 .9887 .9799
July 5 .9889 .9731
12 .9859 .9734
19 .9906 .9718
26 .9951 .9806
1999--August 2 .9957 .9831
9 .9979 .9783
16 .9963 .9831
23 .9873 .9963
30 .9941 1.0095
September 6 .9966 .9952
13 .9975 .9903
20 .9970 .9890
27 .9941 .9950
October 4 .9900 .9961
11 .9898 1.0023
18 .9917 1.0036
25 .9994 1.0092
November 1 1.0051 1.0110
8 1.0062 .9987
15 1.0056 .9989
22 1.0044 1.0028
29 .9973 1.0155
December 6 .9873 1.0152
13 .9797 1.0247
20 .9747 1.0250
27 .9692 1.0351
200O--January 3 .9754 1.0433
10 .9999 1.0359
17 1.0109 1.0350
24 1.0129 1.0344
31 1.0134 1.0314
February 7 1.0070 1.0173
14 1.0015 1.0178
21 .9911 1.0168
28 .9916 1.0210
March 6 1.0007 .9972
13 1.0099 .9936
20 1.0173 .9879
27 1.0148 .9929
April 3 1.0059 .9923
(1) Seasonal factors are applied to deposits data at both commercial banks and thrift institutions.3 |
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