Federal Reserve's First Monetary Policy Report for 1980: Hearings Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, Ninety-sixth Congress, Second Session ... February 25 and 26, 1980 |
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Page 36
... component . Senator STEVENSON . Thank you . The CHAIRMAN . Senator Riegle ? Senator RIEGLE . Thank you , Mr. Chairman . FINANCIAL EMERGENCY Chairman Volcker , following the same line of questioning , not to be unduly inflammatory , I ...
... component . Senator STEVENSON . Thank you . The CHAIRMAN . Senator Riegle ? Senator RIEGLE . Thank you , Mr. Chairman . FINANCIAL EMERGENCY Chairman Volcker , following the same line of questioning , not to be unduly inflammatory , I ...
Page 97
... component was strong , as small denomination time deposits grew at a very brisk pace , offsetting a contraction in passbook savings accounts . Six - month money market certificates ( MMCs ) accounted for all of the growth in small time ...
... component was strong , as small denomination time deposits grew at a very brisk pace , offsetting a contraction in passbook savings accounts . Six - month money market certificates ( MMCs ) accounted for all of the growth in small time ...
Page 108
... components and to construct alternative measures . The following section , Section II , presents the new aggregates and compares them to the old measures . This is followed in Section III by a discussion of the rationale underlying the ...
... components and to construct alternative measures . The following section , Section II , presents the new aggregates and compares them to the old measures . This is followed in Section III by a discussion of the rationale underlying the ...
Page 109
... Component Amount in billions of dollars ( not seasonally adjusted ) November 1979 M - 1A 372.2 M - 1B Currency Demand ... Components of M - 2 , M - 3 and L measures generally exclude amounts held by domestic depositary institutions ...
... Component Amount in billions of dollars ( not seasonally adjusted ) November 1979 M - 1A 372.2 M - 1B Currency Demand ... Components of M - 2 , M - 3 and L measures generally exclude amounts held by domestic depositary institutions ...
Page 110
... component -- an estimate of those demand deposits thrift institutions use in servicing their savings and time deposit liabili-- ties included in this aggregate . large - denomination time deposits at all depositary institutions ...
... component -- an estimate of those demand deposits thrift institutions use in servicing their savings and time deposit liabili-- ties included in this aggregate . large - denomination time deposits at all depositary institutions ...
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Common terms and phrases
accounts annual rate bank credit bank reserves billion Board of Governors borrowing banks bound of projected budget Chairman VOLCKER checkable deposits commercial banks components Data source demand deposits depositary institutions discount rate dollar employment excess reserves expansion Federal funds rate Federal Reserve System Forecast foreign exchange markets fourth quarter GRIGGS growth rates income inflation labor large-denomination time deposits loan market interest rates market mutual fund measures member bank borrowing monetary aggregates monetary base monetary growth monetary policy money and credit money growth money market mutual money stock money supply mutual fund shares nonborrowed reserves number of banks Old M-2 open market operations overnight Eurodollars Peak Trough percent period Price Index problem rates of growth repurchase agreements required reserves reserve aggregates reserve requirements reserve target Reserve's restraint savings seasonally adjusted seasonally adjusted data sector Senator STEVENSON spending target range thrift institutions total reserves U.S. Dollar velocities