Full text of H.6 Money Stock Measures : December 27, 1982

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release

For Release at
4:15 P.M. EST
December 27, 1982

H.6(508)

Seasonal Factors for Early 1983
Preliminary monthly and weekly seasonal factors for components
of the monetary aggregates for January to March 1983 are shown on the
last page of today's release. These factors will be used to construct
the seasonally adjusted money stock data until completion of the annual
review of seasonal factors in the early part of 1983.




FEDERAL RESERVE statistical release
H6 (508)
Table 1

For Release at 4:15 p.m. EST
DEC. 2 7 , 1982

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars
M1

sum of
currency,
travelers
checks,
demand
deposits and
other
checkable
deposits1

Date

M2
M3
Seasonal!y adjusted
M1 plus
overnight RPs
M2 plus large
and
time deposits,
Eurodollars,
term RPs and
MMMF
balances (gen. Institution-only
MMMF
pur. and
balances3
broker/dealer),
and savings
and small time
deposits2

L

M3 plus other
liquid assets4

Ml

M2

sum of
currency,
travelers
checks,
demand
deposits and
other
checkable
deposits1

M3

Not seasonally adjusted
M1 plus
overnight RPs
and
M2 plus large
time deposits,
Eurodollars,
term RPs and
MMMF
balances (gen. Institution-only
MMMF
pur. and
balances3
broker/dealer),
and savings
and small time
deposits2

L

M3 plus other
liquid assets4

1981—NOV.
DEC.

436.4
440.9

1809.9
1822.7

2174.7
2188.1

2629.3
2642.8

439.7
451.2

1809.6
1829.4

2175.6
2199.9

2628.5
2653.8

1982—JAN.
FEB.
MAR.
APR.

448.6
447.3
448.3
452.4
451.5
451.4
451.3
455.2
460.5
468.4
474.9

1841.3
1848.1
1865.3
1880.9
1897.7
1908.2
1923.8
1946.8
1955.1
1968.2
1987.4

2204.3
2215.1
2235.9
2258.3
2279.5
2296.2
2320.6
2356.4
2364.2
2380.7
2397.9

2667.9
2690.5
2717.2
2744.2
2774.4
2799.5
2831.9
2856.2

453.4
437.2
440.0
455.5
445.1
450.5
454.0
454.0
460.5
470.2
478.5

1849.2
1842.9
1862.1
1888.1
1889.1
1906.6
1925.2
1939.4
1951.3
1972.1
1987.2

2217.2
2216.1
2237.5
2266.3
2269.5
2290.3
2314.5
2343.1
2356.8
2382.1
2398.9

2682.3
2698.5
2723.2
2754.7
2767.5
2794.7
2820.5
2843.4

MAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.

M1

For period ended

1982—NOV.

DEC.

NOTE:

13-week
average

Seasonally adjusted
4-week
average

week average

13-week
average

Not seasonally adjusted
4-week
week average
average

3
10
17
24

462.2
463.7
465.3
466.7

470.0
471.2
473.2
474.1

473.2
473.4
475.8
474.1

462.4
464*1
466.2
468.0

470.4
471.9
477.5

474.b
48U.3
482.2
472.7

1
8 P
15 P

468.2
469.5
471.1

474.9
476.4
477.6

476.1
479.7
460.3

470.0
471.9
473.8

478.4
480.9
483.3

47b.2
490.4
491.7

SPECIAL CAUTION SHOULD BE TAKEN I N INTERPRETING WEEK-TO-WEEK CHANGES I N MONEY SUPPLY DATA* WHICH ARE
HIGHLY VOLATILE AN0 SUBJECT TO REVISION.
P—INDICATES PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




H.6(508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual rates
Date

M1

M2

M3
7.0

3 MONTHS FROM AUG. 1982 TO NOV. 1982

17.3

6.3

6 MONTHS FROM MAY 1982 TO NOV. 1982

10.4

9.5

10.4

9.8

10.3

12 MONTHS FROM NOV. 1981 TO NOV. 1982

8.8

THIRTEEN WEEKS ENDING DEC. 1 5 , 1982
FROM THIRTEEN WEEKS ENDING:
SEPT. 1 5 , 1982 ( 1 3 WEEKS PREVIOUS)

1/

2/

3/

*/

15.3

JUNE

1 6 , 1982 ( 2 6 WEEKS PREVIOUS)

8.7

DEC.

1 6 , 1981 ( 5 2 WEEKS PREVIOUS)

8.3

FOOTNOTES TO TABLE 1
AVERAGES OF DAILY FIGURES FOR (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND
THE VAULTS OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS
AT ALL COMMERCIAL BANKS OTHER THAN THOSE OUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND
FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND
FEDERAL RESERVF FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE
ORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER ACCOUNTS (ATS) ACCOUNTS AT DEPOSITORY
INSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMANO
DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY ANO DEMAND DEPOSIT COMPONENTS EXCLUDE THE
ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELO BY THRIFT INSTITUTIONS
TO SERVICE THEIR OCD LIABILITIES.
INCLUDES OVERNIGHT (AND CONTINUING CONTRACT! RPS ISSUED BY ALL COMMERCIAL BANKS ANO EURODOLLARS
ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS, SAVINGS AND SMALL DENOMINATION TIME DEPOSITS
(TIME DEPOSITS—INCLUDING RETAIL RPS—IN AMOUNTS OF LESS THAN $100,000), AND TIME DEPOSITS
BROKER/DEALER MONEY MARKET MUTUAL FUND SHARES. EXCLUDES AM0UN1S HELD BY U.S. COMMERCIAL BANKS,
MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS ANO COMMERCIAL BANKS,
AND THE U.S. GOVERNMENT. M2 WILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES
BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULT
CASH HELD BY THRIFT INSTITUTIONS TO SERVICE TIME AND SAVINGS DEPOSITS.
INCLUDES LARGE DENOMINATION TIME DEPOSITS AND TERM RPS (IN AMOUNTS OF $100,000 OR MORE) ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS,
THE U.S. GOVERNMENT, MONEY MARKET FUNOS, ANO FOREIGN BANKS ANO OFFICIAL INSTITUTIONS. M3 WILL
DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT
THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS HELD BY INSTITUTION-ONLY MONEY MARKET
MUTUAL FUNOS.
OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHORT-TERM
TREASURY SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES, AND TERM EURODOLLARS HELD BY U.S.
RESIDENTS, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.




H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted

Currency1

Date

Travelers
checks2

Demand
deposits3

Other
Overnight
checkable
RPs 5
deposits4

»
Overnight
Eurodollars6

NSA

NSA

Savings deposits
at
commercial
banks

at
thrift
Institutions

total

Small denomination
time deposits7
at
at
thrift
commertotal
institucial
tions
banks

Money market
mutual fund balances*
general
purpose institution
and broker
only
dealer

1981-NOV.
DEC.

121.8
123.1

4.3
4.3

235.7
236.4

74.7
77.0

30.4
31.4

6.5
6.7

156.4
157.0

184.5
186.6

340.9
343.6

357.4
357.3

499.4
497.4

656.6
854.7

144.9
1*1.2

32.0
J3.7

1982-JAN.
FEB.
MAR.

123.8
124.6
125.1

4.3
4.3
4.4

239.3
234.5
233.0

81.1
83.8
85.8

35.7
35.6
36.7

7.5
7.3
6.3

158.9
159.0
160.8

189.9
189.6
189.9

348.8
346.6
350.7

358.6
363.4
371.0

493.7
4V6.0
499.0

652.3
859.4
869.9

154.9
156.1
159.*

34.5
iHJ.5
31.5

APR.
MAY
JUNE

126.3
127.4
128.4

4.4
4.5
4.5

233.0
232.7
231.0

88.6
87.0
87.5

34.6
35.8
36.0

5.8
7.0
7.0

160.7
160.5
159.9

.189.9
190.4
189.9

350.5
350.9
349.9

379.9
366.5
391.6

501.7
507.5
509.4

661.6
694.1
900.9

162.1
164.6
166.9

31.5
32.8
33.7

JULY
AUG.
SEPT.

128.8
129.5
130.5

4.4
4.4
4.4

230.6
231.1
232.6

87.4
90.2
93.0

36.4
37.6
36.6

7.0
6.9
6.5

157.0
155.9
156.6

187.1
186.1
185.9

344.0
342.0
342.4

401.1
407.9
410.9

516.7
522.7
521.7

919.7
930.6
932.6

171.7
160.6
162.5

36.7
43.1
43.*

OCT.
NOV.

131.2
131.6

4.4
4.4

236.2
238.3

96.5
100.7

39.8
40.6

6.2
6.6

159.3
164.0

193.3
198.3

352.6
362.3

407.6
407.4

516.2
515.6

923.6
923.0

164.1
166.6

44.6
45.3

WEEK ENDINGS
1982-NOV.

DEC.

1/

3
10
17
24

131.3
131.5
131.5
131.8

237.4
237.1
239.8
237.6

100.1
100.4
100.1
100.3

41.5
43.2
42.3
41.3

6.4
5.8
7.0
7.2

161.5
163.5
164.4
164.4

407.6
407.5
»07.3
407.9

166.1
166.5
166.V
166.5

45.%
45.3
44.5
45.4

1
6 P
15 P

131.9
132.0
132.4

237.6
240.0
240.1

102.3
103.3
103.4

35.4
42.6
42.1

6.3
6.3
6.7

164.4
164.9
169.2

407.4
406.9
405.7

186.5
165.4
162.0

45.1
43.to

45.6

6/

CURRENCY OUTSIDE THE U . S . TREASURY, F . R . BANKS AND VAULTS OF COHMERCIAL BANKS.
EXCLUDES THE ESTIHATED AMOUNT OF VAULT CASH
HELO BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
OUTSTANDING AMOUNT OF U . S . DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
OFMANO DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, IHE U . S . GOVERNMENT ANO FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS I N THE PROCESS OF COLLECTION ANO F . R . FLOAT. EXCLUitS THk
ESTIMATED AMOUNT OF OEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
INCLUDES ATS ANO NOW BALANCES AT ALL DEPOSITORY INSTITUTIONS EXCEPT CREDIT UNIONS. CREDIT UNION SHARE OKAFT BALANCES ANU
DEMAND OEPOSITS AT THRIFT INSTITUTIONS.
OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTEO EOUALS DEMAND DfePOSlIS PLUS OCU
SEASONALLY ADJUSTEO LESS OEMANO DEPOSITS SEASONALLY ADJUSTED.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMfcRCIAL BANKS TO OTHfcR THAN DEPOSITORY INSTITUTIONS kHC MONbY
MARKET MUTUAL FUNDS iGENERAL PURPOSE AND BROKER/DEALER)*
ISSUED BY CARIBBEAN BRANCHES OF U . S . MEMBER BANKS TO U . S . RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MONtY MARKET MUTUAL

7/
8/

SMALL#DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED I N AMOUNTS OF LESS THAN $ 1 0 0 » 0 0 0 .
NOT SEASONALLY AOJUSTED.

7/
3/
4/

5/




H.6 (508)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adiusted unless otherwise noted
Large denomination time deposits1
at commercial
Date
at thrift
banks2
total
institutions

at commercial
banks
NSA

Term RP*3
at thrift
institutions
NSA

Term 4
Eurodollars
total
NSA

NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
Commercial
paper?
acceptances6

1981-NOV.
DEC.

246.8
245.9

53.7
54.4

300.6
300.3

27.8
27.1

7.8
8.3

35.6
35.4

65.5
66.7

67.7
67.7

179.9
176.5

38.1
39.7

103.7
10*.2

1982-JAN.
FEB.
MAR.

247.2
251.4
2 54.5

55.5
56.6
58.0

302.6
308 . 0
312.6

23.7
23.8
22.8

8.8
8.8
6.7

32.5
32.5
31.5

69.9
73.8
74.4

67.8
67.8
67.7

180.3
186.4
191.0

40.2
3V.1
37.9

105.5
106.4
110.3

APR.
MAY
JUNE

258.5
263.1
268.8

58.7
58.5
59.5

317.2
321.6
328.3

25.2
23.3
21.8

9.0
9.3
9.5

34.2
32.6
31.2

78.5
83.3
84.8

67.7
67.7
67.tt

191.7
191.9
194.8

38.J
39.V
40.3

109.7
112.1
il!>.7

JULY
AUG.
SEPT.

276.1
279.0
277.7

59.7
60.6
61.6

335.8
339.6
339.3

19.7
22.5
20.9

9.6
9.6
9.6

29.3
32.1
30.5

84.2
81.5

67.7
67.6

199.9
200.5

*O.b
40.2

lib.7
112.0

OCT.
NOV.

2 77.8
271.1

63.4
65.9

341.2
337.0

22.1
24.0

9.2
9.4

31.3
33.4

WEEK END ING l
1982-NOV.

DEC.

1/
2/
3/
4/
5/
6/
7/

3
10
17
24

268.2
266.0
274.2
272.2

25.4
20.6
22.4
23.6

1
8 P
15 P

272.7
272.2
270.4

29.5
21.4
22.3

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED I N AMOUNTS OF $ 1 0 0 , 0 0 0 OR NCKEt EXCLU01NG THOSE BOOKfcO A i INTERNATIONAL
BANKING F A C I L I T I E S U B F S ) .
LARGE DENOMINATION TIME DFPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL KPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY EXCLUOING THOSE HELD BY DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNOS.
INCLUDES U . S . TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 16 MONTHS HELD BY OTHER THAN DEPOSITORY I N S T I TUTIONS* F * R . BANKS* AND MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING RANKS* F . R . BANKS* FOREIGN OFFICIAL INSTITUTIONS* THfc FEDERAL HUMt LLAN bANA
SYSTEM* AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (506)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
BHHons of dollars, not seasonally adjusted
Other checkable deposit*

Demand deposits

Date

1

Currency

Travelers
checks2

at member
banks3

at domestic
nonmember
banks4

at foreignrelated
banking
offices
In the U.S.*

total 6

at
commercial
banks 7

at thrift
institutions

Overnight
b

total

RPs9

Overnight
Eurodollars ^

1981-NOV.
DEC.

122.9
125.4

4.1
4.1

152.4
156.8

81.4
82.7

4.0
4.1

237.5
243.3

60.6
63.4

14.6
15.1

75.2
78.4

30.<t

1982-JAN.
FEB.

123.3
123.0
123.8

4.1
4.1
4.2

157.7
147.3
147.5

82.4
77.6
77.2

3.9
3.9
3.8

243.6
228.5
228.2

66.9
65.8
67.4

15.6
15.6
16.4

B2.S
81.b
63.8

35.7
3t>.6
36.7

6.3

4.2
4.3
4.7

152.7
147.7
149.2

79.9
77.2
77.9

3.9
3.8

JUNE

125.6
127.2
128.3

3.7

236.1
22* .3
230.4

71.4
67.9
69.2

18.1
17.5
18.0

89.5
85.4
87.2

34.6
35.8
36.0

7.0
7.0

JULY
AUG.
SEPT.

129.8
130.0
130.2

4.9

151.0
150.1
152.4

77.2
76.0
76.8

3.7
3.6
3.7

231.5
229.3
232.5

69.3
70.7
73.4

18.5
19.1
19.9

87.9
89.8
93.2

36.4
37.6
36.8

7.0
6.9
6.5

OCT.
NOV.

131.2
132.7

4.5

155.7
158.0

78.1
79.0

3.7
3.7

237.1
240.1

76.1
79.2

21.2
22*3

97.3
101.5

39.8
40.b

6.2
6.6

MAR.
A»R.
MAY

4.9
4.7
4.2

31.4

6.i>
t./

7.5

i>.a

WEEK END ING t
1982-NOV.

DEC.

1/
2/
3/
4/
5/
6/
7/
8/
9/
10/

3
10
17
24

131.0
133.5
132.7
132.7

157.9
157.4
159.6
154.9

78.7
79.7
80.5
77.4

4.1
3.7
3.8
3.4

240.2
240.2
243.4
235.3

77.4
79.8
79.6
78.7

21.9
22.6
22.3
21.9

99.3
102.3
101.9
100.7

41*5
43.2
42.3
41.3

6.4
5.8
7.0

1
8 P
15 P

132.5
134.0
134.8

159.3
161.5
163.2

77.8
80.7
80.8

3.6

240.2
245.3
247.1

79.1
82.6
82.4

22.3
23.7
23.3

1C1.4
1O6.2
105.7

35.4
42.6
42.1

6.3
6.3
6.7

3.7
3.6

7.2

CURRENCY OUTSIDE THE U . S . TREASURY* F . R . BANKS ANO THE VAULTS OF COMMERCIAL BANKS.
CXCLUOES THE ESTIMATED AMOUNT Of- VAUL1
CASH HELO BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
OUTSTANDING AMOUNT OF U . . " . DOLLAR -DENOMINATED TRAVELERS CHECKS OF N ON BANK ISSUERS.
DEMANO DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS* THE U . S . GOVERNMENT AND FOREIGN B#rt'S AND OFFICIAL I N S I 1 T U I i U N i LfciS
CASH ITEMS I N THE PROCESS OF COLLECTION AND F . R . FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER 1MAN THOSE DUE TO DOMESTIC BANKS* THE U . S . GOVERNMENT AND FORcIGN BANKS AND O F t i C I f t L INSTITUTIONS Lf^S
CASH ITEMS I N THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
0EPOS1TS AS DESCRIBED I N FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS* EOGE ACT CORPORATIONS * N J FORfclGN I N V t M H E N l
COMPANIES.
EQUALS SUM OF THREE PREVIOUS COMPONENTS LESS Thf ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL bA,^J> BY THfclFl
INSTITUTIONS TO SERVICE THEIR OCO L I A B I L I T I E S .
NOW AND ATS BALANCES AT COMMERCIAL BANKS* BRANCHES AND AGENCIES OF FOREIGN BANKS* ANO EDGE ACf CGRPORAllUNS.
NOW AND ATS BALANCES AT SAVINGS ANO LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS* CREDIT UNIUN SHA'£ UK4FT BALANCES, * * C
OEMANO DEPOSITS AT THRIFTS.
1NCLU0ES OVERNIGHT ANO CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITOR* I N S T I T U T I O N AM) MONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND B R 3 K f * ' D E A L E R ) .
ISSUED BY CARIBBEAN BRANCHES OF MEMAER BANKS TC U . S . RESIDENTS OTHER THAN DEPOSITORY INSTITUTION*; AND MONEY HAKKFT MolUAL
FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonallyi adjusted
at commercial
banks

Date

at savings
and loans

Savings deposits
at mutual
at
savings banks
credit unions

total

at commercial
banks

Small denomination time depositsi
at
at mutual
at savings
credit unions
savings banks
and loans

total

1981-NOV.
DEC.

156.9
157.2

95.3
95.4

47.2
47.5

42.7
42.8

342.2
343.0

354.9
355.8

380.7
379.5

99.0
99.0

17.4
17.3

851.7

1982-JAN.
FEB.
MAR.

158.6
157.5
158.4

96.7
95.9
95.9

47.9
47.3
47.2

43.5
43.8
44.7

346.8
344.5
346.1

359.7
3 67.3
375.2

381.0
383.5
386.1

99.4
99.8
99.9

17.4
17.8
16.4

66O.5
679.6

APR.
MAY
JUNE

159.5
159.0
158.8

96.1
95.8
95.8

47.1
46.8
46.9

45.3
45.8
46.4

348.1
347.4
347.9

381.4
387.7
392.7

387.8
366.0
389.2

100.2
100.6
101.0

18.8
19.1
19.4

902.3

JULY
AUG.
SEPT.

158.5
157.9
158.1

95.9
95.2
95.6

46.9
46.6
46.8

46.9
46.4
46.9

348.3
346.1
347.4

399.4
404.4
407.2

393.2
394.2
395.2

101.7
101.7
101.5

19.6
20.0
20.1

914.1
920.2
924.O

OCT.
NOV.

161.3
164.5

98.5
99.8

47.7
48.3

49.4
51.1

357.0
363.7

406.4
404.7

395.3
395.0

100.4
99.1

19.4
19.0

921.6
917.8

MEEK ENDINGS
1982-NOV.

DEC.

1/

3
10
17
24

162.4
164.2
164.9
164.8

405.8
404.9
404.2
404.9

1
8 P
15 P

164.9
166.0
170.0

404.5
404.7
403.7

SMALL DENOM1NATIC N TIME DEP( SITS — INI LUDING RETAIL RPS — ARE THOSE 1<•SUED I N AMOUNTS OF LESS THAN * 1 0 C ,000.




668.1

H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted

Large denomination time deposits1
at mutual
at savings
savings
total3
and loans
banks

at
commercial
bank$2

Date

Term RPs*
at
commercial
banks

at thrift
institutions

Term
Eurodollars 5

Savings
bonds

Short-term
Treasury
securities 6

Commercial
Bankers
acceptances 7
papers

35.6
35.4

65.5
66.7

66.0
68.1

176.4
175^2

38.6
39.4

104.5
iU4.b

8.7

32.5
32.5
31.5

69.9
73.8
74.4

68.1
67.5
67.6

161.1
191.2
195.0

39.9
39.7
38.4

106.2
lO*.b
110.2

25.2
23.3
21.8

9.0
9.3
9.5

34.2
32.6
31.2

78.5
83.3
84.a

67.4
67.4
67.4

194.1
194.9
196.0

36.5
39.6
40.1

116.1

328.3
333.7
335.7

19.7
22.5
20.9

9.6
9.6
9.6

29.3
32.1
30.5

84.2
81.5

67.4
67.5

196.3
197.2

40.0
39.to

m.7

338.5
338.2

22.1
24.0

9.2
9.4

31.3
33.4

1981-MOV.
OEC.

248.1

251.2

47.1
47.8

6.2
6.0

301.8
305.4

27.8
27.1

198 2 - J A N .
FEB.
MAR.

252.0
257.0
259.6

49.2
50.5
51.2

6.0
6.3

23.7
23.8
22.8

8.8
8.8

6.1

307.6
314.2
317.4

APR.
JUNE

260.1
261.8
264.7

51.3
52.1
52.7

6.1
6.0
6.0

317.9
320.3
323.9

JULY
AUG.
SEPT.

268.7
273.0
273.7

53.1
54.1
54.9

6.0
6.2
6.5

OCT.
NOV.

274.7
272.2

56.7
58.8

6.6
6.6

MAY

total

7.8
8.3

110.0

llb.o

WEEK ENDING:
1982-NOV.

3
10
17
24

DEC.

1
ft P

15 P

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




265.9
265.2
274.9
275.5

25.4
20.6
22.4
23.6

277.0
275.4
274.4

29.5
21.4
22.3

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED I N AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE. EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING F A C I L I T I E S ( I B F S ) .
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONfcY MARKET MUTUAL FUNDS AND THRIFT
INSTITUTIONS.
TOTAL LARGE DENOMINATION TIME DEPOSITS EXCEEDS SUM OF THREE PREVIOUS COLUMNS BY SUCH DEPOSITS AT CkfcbIT UNIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY* EXCLUDING CONTINUING CONTRACTS AND RfcTAlL RPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS AND
MONEY MARKET MUTUAL FUNDS.
INCLUDES U . S . TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HtLD BY OIHtR CHAN LtPOSlTORY I N S T I TUTIONS, F . R . BANKS, AND MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCfS HELD BY ACCEPTING BANKS, F . R . 6ANKS, FOREIGN OFFICIAL INSTITUTIONS, THt FEDfcRAL HOMt LOAN bANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HFLD BY MONEY MARKET MUTUAL FUNOS.

H.6 (508)
Table 4

MEMORANDA ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits at banks due to
Date

foreign commercial
banks

foreign official
institutions

Time and savings
deposits due to
foreign commercial
banks and foreign
official institutions

U.S. government deposits
demand deposits at
commercial banks

Federal Reserve
Banks

note balances at
commercial
banks and t h r i f t

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

institutions

1961-NOV.
DEC.

12.6
12.9

2.4
2.6

9.0
9.1

2. 8
3. 1

3.1
2.9

6.9
8.1

l*.b
14.1

u.7
0.7

1982-JAN.
FEB.
MAR.

11.8
11.5
11.2

2.5
2.3
2.4

8.8
8.6
8*6

3. 0
2. 9
2. 8

4.7
5.5
3.3

11.5
17.2
12.7

19. i
25.6
18.9

0.7
U.b

APR.
HAY
JUNE

10.7
11.2
11.0

2.1
2.2
2.4

8.5
8.6
8.6

3. 7
2. 7
3 . .3

4.5
4.5
3.3

10.1
12.7
7.5

18.3
19.9
14.1

1.0
1.0
1.0

JULY
AUG.
SEPT.

11.4
10.6
10.5

2.5
2.3
2.1

8.8
9.1
9.0

2. 6
2 ,. 4
3.»4

3.3
3.3
3.8

5.7
5.8
9.0

11.7
11.5
16.2

1.0
1.0
1.0

OCT.
NOV.

10.6
10.6

2.3
2.1

9.0
9.0

2 »6
2,»7

3.2
3.1

13.8
5.3

19.6
11.0

1.1
i.l

3
10
17
24

10.3
10.2
10.3
11.0

2.5
2.1
2.0
2.0

1*«I
9.1
9.1

2 .9
2•4
2 .7
2•5

2.7
3.3
3.1
2.9

11.1
4.9
4.2
5.3

16.7
10.5
10.0
10.7

1.1
1.1
1.1
1*1

1
8 P
15 P

11.0
10.8
10.7

2.3
2.2
2.1

8.9
8.9

2.7
3• 2
3 .3

3.3
3.0
3.3

4.0
7.6
2.5

9.9
13.6
9.2

l.u
1.0

o.a

WEEK ENDING:
1982-NOV.




DEC.

9.0

8.9

1.0

SPECIAL SUPPLEMENTARY TABLE
Variable-Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase
Agreements At All Insured Commercial Banks and All Mutual Savings Banks
September 30, 1982, October 31, 1982 and November 30, 1982
(not seasonally adjusted) 1

Insured Commercial Banks
I
MutualL Savings Banks
Oct. 31
Nov. 30
Sept. 30 |
Oct. 31
Nov. 30 | Sept. 30
Amount outstanding
Amount outstanding
($ millions)
($ millions)
831
152
427
8,360
3,437 |
14,711
(37)
(68)
(12)
(465)
(251) I
(726) |

Liability Categories
7- to 31-day money market certificates 2
(standard error of the estimate)
91-day money market certificates 3
(standard error of the estimate)

5,893
(173) I

6,248
(181)

7,322
(194)

231,018
(1,939)

231,046
(1,988)

2-1/2 year and over variable celling
certificates 5
(standard error of the estimate)

82,828
(1,806)

All Savers certificates 6
(standard error of the estimate)

789
(30)

835
(28)

916
(32)

226,682
(2,030)

47,639
(857)

47,723
(860)

47,519
(843)

87,445
(1,862)

86,968
(1,812)

25,705
(504)

26,813
(523)

26,506
(535)

24,020
(396)

13,605
(231)

10,086
(188)

6,053
(98)

3,171
(74)

2,409
(55)

3-1/2 year ceiling-free time deposits
in: 7

1,378

2,147

2,760

248

367

Fixed-rate accounts
(standard error of the estimate)
Variable-rate accounts
(standard error of the estimate)

1,282
(118)
96
(35)

2,026
(180)
121
(48)

2,614
(221)
146
(61)

229
(18)
19
(2)

343
(25)
24
(3)

6-month money market certificates*
(standard error of the estimate)

|

1

!

1

426
397
(26)
29
(6)

All IRA/Keogh Plan Deposits 8

16,232

16,791

17,272

6,052

1

6,174

1

6,199

Ceiling free IRA/Keogh Time
Deposits in:

9,245

9,916

10,420

1,370

1

1,496

1

1,592

7,863
(330)
2,053 I
(133)

8,276
(340)
2,144
(137)

1,130
(71)
240
(25)

I

1

7,345
(318)
1,900
(122)

I
1

1,233
.1
(70) 1
1
263
(28)

1,313
(75)
279
(29)

1
1

6,987
(362)

6,875
(359) !

6,852
(356)

4,682
(194)

I
1

4,678
(190)

4,607
(190)

Fixed-rate accounts
(standard error of the estimate)
Variable-rate accounts
(standard error of the estimate)
All Other IRA/Keogh time and
savings deposits
(standard error of the estimate)

1

1
2,411
1
2,576
2,134
7,677
7,225 1
1
7,268
Retail repurchase agreements9
(460)
(432) 1
(361) 1
(772) 1
(726) 1
1
(668) 1
(standard error of the estimate)
1. Estimates are based on data collected bv the Federal Reserve from a stratified random sample of about
550 banks and 90 mutual savings banks.
2. 7- to 31-day money market certificates are nonnegotiable time deposits that require a minimum daily
balance of $20,000, but less than $100,000, and have an original maturity or required notice period of
at least 7 days but no more than 31 days. The maximum permissible rate of Interest is tied to the discount
yield (auction average) on the most recently Issued 91-day Treasury bill.
3. 91-day money market certificates are negotiable or nonnegotiable time deposits Issued in denominations
of at least $7,500, but less than $100,000, with original maturities of exactly 91 days for which the
maximum permissible rate of interest on new deposits Is tied to the discount yield on the most recently
Issued 91-day (13-week) Treasury bill (auction average).
4. 6-month money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000,
but less than $100,000, with original maturities of exactly 26 weeks for which the maximum permissible
rate of interest on new deposits related to the discount yield on the most recently issued 6-month
Treasury bill (auction average).
5. This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination issued between July 1 and December 31, 1979 and all 2-1/2 year and over variable ceiling accounts
Issued since January 1, 1980.
6. All Savers Certificates are one-year nonnegotiable time deposits that have an annual investment yield
equal to 70 percent of the average yield for 52-week U.S. Treasury bills.
7. Ceiling-free time deposits are all negotiable or nonnegotiable time deposits in denominations of lesc
than $100,000 with original maturities of 3-1/2 years or more that were authorized beginning May 1, 1982.
Fixed-rate accounts pay one rate of return over the life of the instrument, whereas variable rate accounts
pay a rate of return that may vary over the life of the instrument. Excludes IRA/Keogh accounts.
8. Ceiling-free IRA/Keogh time deposits of less than $100,000 with original maturities of 1-1/2 years of
more, were authorized beginning December 1, 1981. Fixed-rate accounts pay one rate of return over the life
of the Instrument, whereas variable rate accounts pay a rate of return that may change periodically over the
life of the instrument. All other IRA and Keogh Plan time and savings deposits include all IRA/Keogh time
deposits regardless of maturity or ceiling rate.
9. Retail repurchase agreements are in denominations of less than $100,000 with maturities of less than 90
days that arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal
and Interest by, the U.S. Government or an agency thereof.




SPECIAL SUPPLEMENTARY TABLE (CONTINUED):

Insured Commercia]L Banks
Oct. 30
1 Nov. 30
Sept. 30
Number oi: Offering I n s t i t u t i o n s
7,576
7,684
6,754

Liability Categories
7- to 31-day money market certificates

Mutual Savings Banks
S e p t . 30
Oct. 31
Nov. 30
Number of Offering I n s t i t u t i o n s
238
239
229

91-day money market certificates

13,311

13,275

13,243

387

386

386

6-month money market certificates

14,037

14,015

13,981

423

422

422

2-1/2 year and over variable
ceiling certificates

13,662

13,637

13,588

423

422

422

All Savers certificates

13,993

14,010

13,855

423

422

422

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

11,437
8,622

11,389
8,645

11,256

8,663

386
329

388
329

388
329

9,208

9,172

8,946

379

379

379

5,592

5,641

5,550

227

230

223

3-1/2 year ceiling-free IRA/Keogh
time deposits in:
Fixed-rate accounts
Variable-rate accounts
All IRA and Keogh Plan deposits
Ceiling-free IRA/Keogh time
deposits in:

!

Fixed-rate accounts
Variable-rate accounts
All Other IRA/Keogh time and savings
deposits
Retail repurchase agreements

1

N.A. - Data not available.
NOTE:

See table 1.16 in the Federal Reserve Bulletin for regulatory ceiling rates on specific account
categories.




PRELIMINARY SEASONAL FACTORS FOR MONEY STOCK COMPONENTS
January to March 1983

January
February
March
January

Currency

Nonbank
Traverlers
Checks

Demand
Deposits

Demand Deposits
plus Other
Checkable Deposits

.9952
.9873
.9898

.9477
.9529
.9537

1.0180
.9744
.9794

1.0177
.9738
.9787

.9982
.9902
.9851

1.0031
1.0108
1.0115

1.0194

1.079
1.039
1.021
.977

1.079
1.043
1.024
.974

1.0021
1.0024
.9987
.9936

.9999
1.0015
1.0033
1.0049

1.0186
1.0180
1.0163
1.0206

1.010
1.006
.995
.983

5

12
19
26

Commercial Bank Deposit Components |
Savings

1

' !

Small Timel Large Time I

i

1.0223
1.0200

i
i
I
I
1

February

March

.981

2

9 I
16 I
23 I

.996
.990
.985

I

.979
.999
.994
.988

2

9 I
16 I
23 I
30
1

NOTE:

.981

.982
.982
.981
.960

.978
.981
.981
.960

.9905
.9910
.9916
.9894

1.0073
1.0100
1.0102
1.0104

1.0225
1.0214

1
|
|

1.0183

I

.972
.985
.988
.974
.966

.972
.985
.986
.971
.968

.9857
.9846
.9841
.9856
.9908

1.0105
1.0121
1.0126
1.0109

1.0227

i

1.0197
1.0192
1.0189

|
|
|

!

1.0214

1.0084

1.0168

1

Monthly seasonal factors for all series and weekly factors for savings, small time, and large time
deposits are identical to those published for corresponding months in 1982. Weekly seasonal factors
for currency, demand deposits, and demand deposits plus OCD are projections based on the same data
used to derive published 1982 factors, but they allow for weeks ending one day earlier in 1982. All
of these factors are subject to change in the forthcoming annual revision.




I

1