Full text of H.6 Money Stock Measures : December 9, 1983

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

FEDERAL RESERVE statistical release
He (508)
Table 1

For Release at 4:15 p.m Eastern Time

DEC.

9,

1983

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars
M1

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

Date

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

M1

L

M3 plus other
liquid assets4

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

M2.
M3 K
Not seasonally adjusted
M1 plus
overnight RPs
and Eurodollars, M2 plus large
time deposits,
MMMF
balances (gen. term RPs and
institution-only
pur. and
MMMF
broker/dealer),
balances3
MMDAs,
and savings
and small time
deposits2

L

M3 plus other
liquid assets4

1932—NOV.
DEC.

47a. 0
478.2

1945.0
1959.5

2370.2
2377.6

2882.4
2896.8

479.0
491.0

1943.6
1964.5

2369.2
2385.3

2881.3
2904.7

1983—JAN.
FEBMAR.
APE.
MAY
JDNE
JOLT
AOG.
SEPT.
OCT.
NOV. P

482.1
491.1
497.6
496.5
507.4
511.7
515.5
516.7
517.1
517.9
518.1

2010.0
205C.8
2069.9
2074.8
2096.2
2114.4
2126.3
2136.9
214 5.4
2162.0
2176.0

2403.3
2430.6
2447.1
2453.9
2476.2
2498.8
2510.3
2528.3
2543.9
2562.0
2588.7

2930.6
2960.2
2987.6
3006.1
3032.2
3060.1

489.7
480.6
489.2
504.5
499.8
508.3
514.7
511.6
514.1
519.5
523.7

2018.3
2042.5
2065.9
2088.4
2092.7
2114.1
2127.8
2129.2
2137.1
2161.0
2175.8

2415.1
2427.0
2445.8
2465.4
2471.5
2495.4
2508.1
2519.3
2534.6
2560.5
2588.4

2945.5
2964.6
2992.3
3020.9
3030.6
3056.4

M1
For period ended

1983-GCT.

NOV.

NOTE:

13- week
average

Seasonally adjusted
4-week
average

week average

13-week
average

Not seasonally adjusted
4-week
average

week average

5
12
19
26

516.6
517.0
517.1
517.2

517.2
518.2
518.2
518.2

517.3
519.8
517.5
518.2

513.3
513.8
514.4
514.9

513.8
515.5
517.5
519.9

519.9
527.0
521.2
511.5

2
9
16
23 P
30 P

517.0
517.1
517.1
517.4
517.7

517.8
517.4
517.4
517.7
518.1

515.6
518.2
517.7
519.2
517.1

515.2
515.9
516.8
517.9
519.2

519.1
519.1
520.7
523.0
523.8

516.6
527.0
527.5
521.0
519.8

SPECIAL CADTIOH SHOULD BE TAKES IB INTERPRETING WEEK-TO-IEEK CHAIGES I I
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIMINARY DATA.
POOTNOTES APPEAR ON THE FOLLOWING PAGE




1OWEY SUPPLY DATA. WHICH ABE

H.6(508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at aeaaonally adjusted annual ratea
Date

M1

M2

M3

3 MONTHS FBOH AUG.

1 9 8 3 TO MOT. 1983

1.1

7.3

9.6

6 MONTHS FBOM HAY

1 9 8 3 TO NOT. 1983

••2

7.6

9.1

12 MONTHS FBOfl MOV.

1 9 8 2 TO NOV. 1983

9.3

11.9

9.2

THIBTEEN WEEKS ENDING MO?. 3 0 , 1 9 8 3
FBOM THIRTEEN SEEKS EM D U G :

V

2/

3/

AUG.

3 1 , 1 9 8 3 ( 1 3 WEEKS PREVIOUS)

2.5

JUNE

1 , 1 9 8 3 ( 2 6 WEEKS PBE?IO0S)

6.8

DEC.

1,

1982

(52 WEEKS PBEVIOUS)

10.5

FOOTNOTES TO TABLE 1
AVERAGES OF DAILY FIGDBES FOB (1) CURRENCY OUTSIDE THE I8EAS0BY, FEDERAL BESEBTE BAIK5 AID
THE VAULTS OF COMHEBCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) D8HAID DEPOSITS
AT ALL COHHEBCIAL BANKS OTHEB THAN THOSE DUE TO DOMESTIC BANKS, THE D.S. GOFBHHBIT 110
FOBEIGN BANKS &ND OFFICIAL IMSTITUTIOMS LESS CASH ITEMS II THE P1OCBSS OF COLLECTION AID
FEDERAL BESEBVE FLOAT; AND (4) OTHEB CHECKABLE DEPOSITS (OCD) CONSISTING OF IEGOTIABLE
OHDER OF WITHDRAWAL (NOW) AND AUTOMATIC TBANSPEB SERVICE (ATS) ACCOUITS AT DEPOSITORY
INSTITUTIONS OTHEB THAN CBEDIT UNIONS, CBEDIT UNION SHARE DRAFT ACCOOITS. AID DEHAND
DEPOSITS AI THBIFT INSTITUTIONS. THZ CURRENCY AND DEMAND DEPOSIT COHPONEHTS EXCLUDE THE
0 DEIiAMD D E P S I T S
°
' B2SPECTIVELY. HELD BY THRIFT INSTITUTIONS
lSESviCE?HEIB O C D L J A B I L J T I E L
INCLUDES OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AND EURODOLLARS
ISSUED BY FOBEIGN (PRINCIPALLY CABIBBEAN AND LONDON) BRANCHES OF U.S. BANKS, HHDAS, SAVIIGS
AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS—INCLUDING RETAIL RPS—IN 1BOUNTS OF LESS
THAN $100,000), AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER
MONEY HABKET MUTUAL FUNDS. EXCLUDES IBA AND KBOGH BALANCES AT DEPOSITORY IISTITDTIOIS AND HONEY
MARKET FUNDS. ALSO EXCLUDES AMOUNTS HELD BY U.S. COMMERCIAL BANKS, HONEY HARKET FUNDS (GEIBRAL
P0KPO3E AND BROKEB/DEALEB), FOBEIGN GOVEBNHEKTS AND COMMERCIAL BANKS, AND THE U.S. GOVERNHENT.
M2 WILL DIFFER FBOM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUEIT TABLES BY A CONSOLIDATION
ADJUSTMENT TUAT 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 BPS (IN AMOUNTS OF $100,000 OB HOBE) ISSUED
BY COMMERCIAL BANKS AND THBIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS
THE U.S. GOVERNMENT, HONEY MARKET FUNDS. AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H3 »ILL
DIFFER FROM THE SUM OF COMPONENTS PBESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT
THAT 9EPBESENTS THE ESTIMATED AMOUNT OF OVEBNIGHT BPS HELD BY INSTITUTION-ONLY HOMY S A W "
nuTUAL FUNDS«
OTHEB LIQUID ASSETS INCLUDE THE HONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHORT-TERH
TREASUEY SECURITIES, COMMERCIAL PAPEB, BANKERS ACCEPTANCES, AND TERM EURODOLLARS HELD BY U.S.
RESIDENTS, NET OF HONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.




H.6(506)
Table 3

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

Date

Currency1

Travelers
checks2

Demand
deposits3

Other
checkable
deposits4

Overnight
RPs5

Overnight
Eurodollars6

Money
market
deposit
accounts 7
NSA

366.4
359.3

Small denomination
time deposits9
at
at
total
thrift
commerinstitucial
tions '
banks
874.9
485.8
389.2
859.1
475.9
383.2

Savings depositsB
at
commercial
banks

Mon«y market
mutual fund balanced 0
general
purpose institution
only
and broker
dealer
49.9
191.1
182.2
47.6

0.0
43.2

166.2
163.4

at
thrift
Institutions
200.1
195.9

7.2
7.8
7.8

189.1
277.7
320.5

151.7
144.7
142.3

183.3
181.0
180.4

335.1
325.7
322.7

356.7
337.7
326.8

440.7
417.4
407,0

797.4
755.1
733.8

166.7
159.6
154.0

46.1
45.2
43.5

42.5
46.0
46.6

8.1
9. 1
9.4

341.2
356.8
367.3

140.8
140.-8
140.8

180.7
182.3
184.2

321.5
323.1
325.0

321.5
318.8
319,5

404.2
401.4
402.6

725,7
720.1
722.1

146.7
141.1
139.7

41.0
40.4
39.2

124.2
125.8
126.0

4 3.5
42.1
42.9

9.2
10.0
10. 1

368.4
366.3
366.9

139.6
138.3
137.3

183.9
183.8
183.3

323.5
322.1
320.6

326.1
332.2
337.0

408.9
415.7
420.7

735.1
74 8 . 0
757.7

136.8
139.1
137.6

38.6
38.4
39.1

242.9
241.6

126.0
126.4

45.4
45.2

11.3
10.5

367.4
369.1

136.1
135.2

182.7
181.1

318.8
316.3

34 3.5
349.5

427.6
436.1

771.0
785.6

137.8
138.7

39.9
40.6

101.3

NSA
38.5
38.5

NSA
6.7
5.8

239.4
238.7
240. 1

104.5
112.5
116.0

40.1
41.0
40.9

4.6
4.7
4.7

238.9
242.5
244.0

115.0
120.9
122.7

140.9
141.8
143.0

4.6
4.7
4.7

245.8
244.5
243.4

144.2
145.3

4.8
4.8

1982-NOV.
DEC.

131.9
13 2 . 8

4.4
4.2

237.6
239.8

100. 1

1983-JAN.
PEB.
HAP.

134.2
135.6
1J7.0

4. 1
4.3
4.5

AFR.
MAY
JUNE

138.0
139.3
140.3

JULY
AUG.
SEPT.
OCT.
NOV. P

total

WEEK ENDING
1983
OCT.

NOV.

5
12
19
26

143.5
14 3 . 8
144. 1
144.5

243.7
244.8
24 3. 1
242.2

125.3
126.5
125.5
126.7

44.7
43.8
45.2
46.7

10.6
10.6
11.7
11.4

369.7
36 8.6
366.6
366.1

136.4
136.2
135.7
135.5

339.3
342.1
344.3
346.0

137.1
137.6
137.8
138.1

39.6
39.7
39.8
40.3

2
9
16
23 P
30 P

144.7
145.1
145. 1
145.6
1U5.4

239.7
241.0
24 1.7
242.9
240.8

126.5
127.3
126. 1
126.0
126. 1

47.0
46.4
46.8
46.5
40.8

12.3
10.0
10.8
10.9
9.9

366.4
368.3
369. 1
369.4
370.2

135.2
135.4
135.2
135.1
134.8

347.2
348.9
349.4
349.9
349.7

138.5
139.2
138.9
138.5
138.1

40.2
40.6
40.8
40.6
40.5

CURRENCY OUTSIDE THE 0.-S. TREASURY, F.R. BAMKS AND VAULTS OF COMMERCIAL BURS. EICLODES THE ESTIMATED AHOONT Of fAOlT CIS!
HELD BY THRIFT INSTITUTIONS TO SERTICE THEIR OCD LIABILITIES.
2/ OUTSTANDING AflOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NOMBAIK ISSUERS,
3/ DBflAND DEPOSITS AT COMMERCIAL BANKS AHD FOREIGN RELATED INSTITUTIONS OTHER THAI THOSE DOB TO DOMESTIC BANKS, TIB O.f. GQfttflBENT AMD FOREIGN BARKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.I. FLOAT, BXCL091S THE
ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
4/ INCLUDES ATS AND NON BALANCES AT ALL DEPOSITORY INSTITUTIONS EXCEPT CREDIT UNIONS, CREDIT UNION SHARB ©RAFT BALANCBS AND
DEMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHRR CHECKABLE DEPOSITS SEASONALLY ADJUSTED B.QUALS THE DIFFERENCE BET1BBN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABB ALL CEILING
FREE "SUPEA NOUS," AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5,
19R3. PRELIMINARY DATA INDICATE THAT BALANCES IN "SUPER MOWS" WERE ABOUT $36.8 BILLION IN THE SEEK ENDED NOVEMBER 16,
ABOUT S36.4 BILLION IN THE HEEK ENDED NOVEMBER 23, AND ABOUT $36.4 BILLION IN THB IBEK ENDED NOVEMBER 30. THESE
FIGURES INCLUDE BALANCES IN "SUPER NOWS" AT COMMERCIAL BANKS OF ABOUT $25.9 BILLION IN THB WEEK ENDED NOVEMBER 16,
AND ABOUT S25. 7 BILLION IN THE NEEK ENDED NOVEMBER 23. FIGURES FOR THE LATEST WEEK AR8 NOT YET AVAILABLE BY TYPE OF
INSTITUTION.
5/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTBBR TBAN DEPOSITORY INSTITUTIONS AND HONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
6/ ISSUED BY FOREIGN (PRINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS TO U.S. RESIDENTS OTHER THAN
DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
7/ MONEY MARKET DEPOSIT ACCOUNTS (HHDAS) »ERE AUTHORIZED BY THE DEPOSITORY INSTITUTIONS DEREGULATION COMMITTEE TO BB OFFERED
REGINNING DECEMBER 14, 1982.
8/ SAVINGS DEPOSITS EXCLUDE BBDAS.
9/ SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN 5100,000, ALL INDIVIDUAL
RET1RE1ENT ACCOUNTS (IPA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS ARE SUBTRACTED FROM SHALL TIHE DEPOSITS.
10/ NOT SEASONALLY ADJUSTED, INCLUDES BALANCES IN BOTH TAXABLE AND TAX-EIEBPT FUNDS. ALL INDIVIDUAL RETIREMENT ACCOUNTS
AND KEOGH ACCOUNTS AT HONEY TUNDS ARE EXCLUDED.
1/




H.6 (SOB)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
m\on* of doiiart, ataaenally adtuftad unless otherwise noted
Large denomination time deooaits1
Data
at thrift
s4t ccMititiet c ie<
inatifuttons
total
banks?

Term 4

Term RPs3
at commercial
banks

at thrift
institutions
NSA

Eurodollars

total
NSA

NSA

Savings
bonds

Short-term
Treasury
aacuritieeS

Bankej^ .
acceptances^

Commercial
p>ape«-7

1982-NOT.
DEC.

273.7
267.0

66.8
66.7

27.8
28.2

11.6
12.1

39.4
40.3

79.5
80.1

67.8
67.9

214.5
217.6

43.1

333.8

«4.9

iO7.3
108. e

1983-JAN.
FEB.
NAB.

247.6
235.2
23U6

63.1
62.7
64.6

310.7
297.9
296.2

27.9
28.6
29.4

12.6
12.2
12.3

40.6
40.8
41.7

81.1
83.5
86.0

68.1
68.5
68.8

219.3
219.3
224.5

45.3
43.2
42.0

113.5
115.1
119.2

APR.
HAT
JUNE

231.0
226.7
228.8

69.2
72.5
75.3

300.2
299.2
304.1

30.3
32.7
31.5

12.4
12.5
13.0

42*7
45.3
414.5

88.7
90.8
91.3

69.2
69.6
69.8

230.5
231.4
237.2

41.2
40.8
410.2

122.5
123.4
122.9

JULY
AUG.
SEPT,

225.7
226.4
226.8

79.9
85.1
90.8

305.6
311.6
317.7

29.5
31.6
31.8

13.3
13.2
13.3

42.8
44.8
45.1

OCT.
MOV. P

224.4
227.1

95.6
98.4

319.9
325.5

30.6
36.0

13.3
13.4

43.9
49.4

340.4

1EEK ENDING:
1983-OCT.

NOV.

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

5
12
I 19
26
2
9
16
23 P
30 P

227.4
224.0
223.2
224.0

30.2
29.8
29.1
32.3

225.2
229 w 0
226.4
226.1
227.0

32.1
33.7
34.3
36.5
40.8

LARGE DENOMINATION TINE DEPOSITS ABE THOSE ISSUED IN AMOUNTS OP $100,000 OB MORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LAK3E DENOMINATIONS TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY NONET MARKET HUTOAL FDNDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN OtiE DAI, EXCLUDING CONTINUING CONTRACTS AND RETAIL HPS.
TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITY GREATER THAN ONE DAI EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS AND
HONEY MAhKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS A*D COUPONS HITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY OTHER THAN DEPOSITORY INSTITUTIONS, F.R. BANKS, AND MONEY MABKET MUTUAL FUNDS,
NET OF BANKERS
ACCEPTANCES HELD BY ACCEPTING BANKS, F.fl. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYJTEM, AND MONEY MAHKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONKY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

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

Demand deposit*

Date

1

Currency

Travelers
checks2

at member
banks3

at domestic
nonmembor
banks4

other checkable dtpoeits
at foreignrelated
banking
offices
In the U.S.5

total 6

at
commercial
banks 7

at thrift
Institutions 8

total

Overnight
Overnight j
- pp 8 9 ' Eurodollars

1982-NOV.
DEC.

132.7
135.2

1.2
1.0

158.0
163.3

79.3
81.0

3.9
3.9

240.6
247.7

79.2
81.0

22.3
23.1

101.5
104.0

38.5
38.5

6.7
5.8

1933-JAN.
FEB.
MAR.

133.2
133.7
135. H

1.9
».3

161.9
153.4
155.4

80. 1
76.2
76.5

3.7
3.6
3.7

245.1
232.8
235.2

82.4
83.6
86.7

25.1
26.4
27.7

107.5
110.0
114.3

40.1
41.0
40.9

7.2
7.8
7.8

JUNE

137.4
138.9
140.3

U4
1.5
1.9

160.1
157.4
160.2

79.0
77.5
78.6

3.8
3.7
3.7

242.4
238.2
242. 1

90.8
88.7
90.7

29.5
29.5
30.3

120.2
118.2
121.0

H2.5
46.0
46.6

8.1
9.1
9.4

JULY
AUG.
SEPT.

142.0
142.1
142.6

5.2
5.1
5.0

162.7
160.8
161.5

79.1
77.4
77.6

3.7
3.6
3.4

245. 1
24 1.3
242.1

91.7
92.2
93.3

30.8
30.8
31.2

122.5
123.0
124.5

43.5
42.1
42.9

10.0
10.1

OCT.
NOV. P

143.9
146.1

4.8
4.6

163.2
163.4

78.1
78.2

3.6
3.6

244.4
244.8

94.2
95.5

32.2
32.8

126.«
128.3

45. •
45.2

11.3
10.5

143.1
144.9
144. 1
143.4

164.6
166.2
163.5
159.9

78.5
79.8
78.9
75.9

3.5
3.5
3.7
3.5

246.1
249.0
245.6
238.8

93.7
95.5
94.5
92.9

32.2
32.7
32.3
31.6

125.8
128.2
126.8
124.5

M.7
43.8
45.2
• 6.7

10.6
10.6
11.7
11.4

143.5
146.7
146.3
146.4
145.8

161.7
163.6
164.7
162.2
163.2

77.4
79.2
79.8
77.3
76.4

3.7
3.4
3.5
3.6
3.6

242.3
245.6
247.5
242.6
242.8

93.7
96.6
96.1
94.9
94.4

32.4
33.5
33.1
32.5
32.3

126.1
130.1
129.1
127.4
126.8

47.0
46.4
46,8
46.5
40.8

12.3
10.0
10.8
10.9

APB.
MAY

1. 1

9.2

WEEK ENDING:
19 8 3 - O C T .

5
12
19
26

NOV.

2
9
16

23 P
30 P

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

9.9

CURBENCT OUTSIDE THE U.S. TREASURY, F.B. BANKS AND THE TAULTS OP COMMERCIAL BANKS. BICL0DES THB ESTIHITED AHODNT OF VAULT
CASH HELD BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OP U.S. DOLLAR-DENOMINATED TRATELEBS CHECKS OP IONBAIK ISSUERS.
DEMAND DEPOSITS OTHFB THAN THOSE DUE TO DOMESTIC BANKS, THE D.S. GOVERNMENT AMD FOBEIGN BANKS AMD OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OP COLLECTION AND P.R. PLOAT AT MEMBER BANKS OP THE FEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHEB THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LBSS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NOHMEHBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AID FOIBIG1 INfESTlBIT
COMPANIES.
EQUALS SUM OP THREE PREVIOUS COMPONENTS LESS THE ESTIMATED AHOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT
INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES.
NOW AND ATS BALANCES AT COMMERCIAL BANKS, BRANCHES AND AGENCIES OF FOBEIGN BANKS, AND EDGE ACT CORPORATIONS; INCLUDES
SUPER NOW ACCOUNTS.
NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CBEDIT ONION SHABB DBAFT BALANCES, AID
DFN*ND DEPOSITS AT THR1PTS; INCLUDES SUPER NOW ACCOUNTS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT PPS ISSUED BY COMMERCIAL BANKS TO OTHEB THAN DEPOSITORY INSTITUTIONS AND HOIBT
HARKFT MUTUAL FUNDS (GENEPAL PUF.POSE AND BRCKFR/DFAL ER) .
ISSUED BY FOBEIGN (FPINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS TO O.S. BBSIDENTS OTHER THAI DEPOSITORY
INSTITUTIONS A NL- MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).




H.6 (506)
Table 3A—continued

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

6
Savings deposits1

Money markst daposit accounts
i
Data

at
commercial
banks

at
thrift
institutions

total

at
commercial
banks

at
thrift
institutions

Small denomination time deposits2
total

at
commercial
banks

at
thrift
institutions

total

Large denomination time deposits 3
at
commercial
banks4

at
thrift
institutions

totalS

1982-NuV.
DEC.

0.0
26,5

0.0
16.8

0.0
4 3.2

165.0
161.8

198.3
195.0

363.4
356.7

387.1
380.2

484.5
473.6

871.6
853.9

274.6
270.0

66.3
66.5

340.8
336.5

1983-JAN.
FBB.
HAS.

114.2
16 J . 3
185.8

74.9
114.5
134.6

189.1
277.7
320.5

150.3
143.5
142.1

184.3
181.0
181.1

334.7
324.5
323.2

356.3
339.3
329.2

442.3
4 19.2
408.5

79 8.6
758.5
737.7

250.4
238.7
233.4

63.8
63.9
65.5

314.2
302.6
298.9

APR.
HAT
JUNE

19 8.0
207.6
215.0

143.2
149.2
152.3

341.2
356.8
36 7.3

141.9
141.7
141.5

182.4
182.9
184.8

324.3
324.6
326.3

322.7
320.4
321.0

405.9
402.3
402.8

728.6
722.7
723.9

229.1
225.3
226.2

68.9
72.6
74.8

298.0
298.0
301.0

JULY
AUG.
SBPT.

216.9
217. 4
219.5

151.5
148.8
147.4

368.4
366.3
366.9

141.0
138.8
137.1

135.6
182-7
181.0

326.6
321.5
318.2

325.6
331.6
335.9

408.7
414.4
418.9

734.3
746.0
754.8

222.9
225.6
226.4

79.1
84.6
90.3

301.9
310.3
316.8

OCT.
NOV. P

22 1. 8
225.1

145.6
144.0

36 7.4
369.1

136.4
134.2

181.6
179.5

318.0
313.7

342.5
347.6

426.8
434.9

769.3
782.4

224.2
227.7

95.2
97.6

319.4
325.3

5
12
19
26

221.6
221.8
22 1.5
22 1.8

148. 1
146.7
145.1
144.2

36 9 . 7
36 8 . 6
366.6
366.1

137.2
137.3
136.5
135.6

337.4
340.6
343.2
344.8

226.4
224.5
223.2
223.4

2
9
16
23 P
JO P

22 2.5
224.1
225.0
22 5.7
226.3

143.9
144.2
144. 1
143.8
143.8

366.4
36 8.3
369. 1
36 9.4
370.2

134.8
134.9
134.4
133.9
133.5

345.7
347.0
347.5
348.0
348.4

224.8
228.7
226.5
227.3
229.2

MEEK ENDING
1983
OCT.

NOV.

1/
2/

3/
*/
5/

SAVINGS DEPOSITS EXCLUDE MftDAS.
SHALL DENOMINATION TIflE DEPOSITS — INCLUDING RETAIL RPS — ABE THOSE ISSUED IN AMOUNTS OP LESS THAN $100,000. ALL
INDIVIDUAL HETIBEHENT ACCOUNTS (IBA) AND KEOGH ACCOUNTS AT COHHEBCIAL BANKS AND THBIFTS ABE SUBTBACTED PBOH SHALL
TINE DEPOSITS.
LARGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OB HOBE. EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LAKGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LABGE TIME HELD BT MONET MARKET MUTUAL FUNDS AND THBIPT
INSTITUTIONS.
TOTAL LABGK DENOMINATION TIME DEPOSITS EXCEEDS SUM OF 1HREE PREVIOUS COLUMNS BY SUCH DEPOSITS AT CBEDIT ONIONS.




H.6 (506)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
7

BJMtont of dollars, not seasonally adjusted
Term RP's 1
Data

at
commercial
banks

at
thrift
institutions

total

Term
Eurodollars 2

Savings
bonds

Short-term
treasury
securities 3

Bankers
acceptances

Commercial
paper 5

1982-NOV.
DEC.

27.8
28.2

11.6
12. 1

39.4
40.3

79.5
80.1

68.0
68.2

212.5
216.8

43.9
45.1

108.2
109.2

1983-JAM.
FEB.
MAR.

27.9
28.6
29.4

12.6
12.2
12.3

40.6
40.8
41.7

81.1
83.5
86.0

68.4
68.5
68.7

221.3
225.5
231.1

45.4
43.5
41.5

114.1
116.6
119.1

APfi.
HA/
JUNE

30.3
32.7
31.5

12.4
12.5
13.0

42.7
45.3
44.5

88.7
90.8
91.3

69.0
69.3
69.6

234.3
234.5
236.7

40.7
40.4
40.1

122.8
124.2
123.3

JULT
AUG.
SEPT.

29.5
31.6
31.8

13.3
13.2
13.3

42.8
44.8
45. 1

OCT.
MOV. P

30.6
36.0

13.3
13.4

43.9
49.4

WEEK ENDING:
1983-OCT.

MOV.

1/
2/
3/
4/
5/

5
12
19
26

30.2
29.8
29.1
32.3

2
9
16
23 P
30 P

32.1
33.7
34.3
36.5
40.8

TERM BPS ARE THOSE WITH OUIGINAL BATUBITY GREATER THAM ONE DAY, EXCLUDING CONTINUING CONTBACTS AND BETAIL RPS.
TEHft EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GBEATEB THAN ONB DAY EXCLUDIMG THOSE HELD BY DEPOSITORY INSTITUTIONS AID
HONEY MARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY OTHEI THAU DEPOSITORY INSTITUTIONS, F.R- BANKS, AND MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ALCEPTANCFS HELD i3Y ACCEPTING BANKS, F.B. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE PEDE8AL HOHE LOAI BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY HABKET MUTUAL FUNDS.




H.6 1506)
Table 4

MEMORANDA ITEMS
Billions of doll an, not taaaonally adjusted
Demand depostta at banks dua to

Dele

foreign
commercial
banks

foreign
official
institutions

8
Time and
savings
deposits
due to foreign
commerical
banks and
foreign official
institutions

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks .

IRA and Kaogh Accounts

note balances total demand time and savings
deposits at
at commercial deposits and
note and
commercieJ
banks and thrift
PR balances
institutions
banks

commerical
banks

thrift
institutions

money
market
mutual funds

total

1982-NOV.
DEC.

8.4

8.6

1.9
2.1

9.2
9.0

2.6
2.9

3.1
3.2

5.3
7.9

10.9
14.0

1.1
1.1

17.2
17.9

27.1
27.7

4.5
4.6

48.8
50.1

1983-JAN.
FEB.
NAB.

7.8
7.9
8.1

2.1
2.0
1.9

8.7
8.3
8.1

2.8
2.8

2.7

3.3
3.2
3.3

13.5
7.4
10.4

19.6
13.4
16.5

1.0
0.9
1.0

19.3
20.7
22.8

28.8
29.7
31.3

4.7
4.8
4.9

52.8
55.2
59.0

APB.
HAT
JUME

7.9
8.1
8.2

2.0
2.0
2.0

7.9
7.7
7.7

3.9
2.5
3.4

3.8
3.6
3.4

10.3
10.0
9.8

18.0
16.0
16.6

1.1
0.9
0.8

26.2
27.3
27.9

33.6
34.9
35.6

5.2
5.2
5.1

65.1
67.4
68.6

JULY
AUG.
SEPT.

8.3
8.1
8.3

2.0
2.1
2.0

7.6
7.6
7.5

2.8
2.4
3.2

4.2
3.5
7.4

19.1
14.0
14.8

26.0
19.9
25.3

0.8
0.8
0.8

28.4
28.9
29.5

36.4
37.1
37.7

5.0
5.1
5.0

69.8
71.1
72.2

OCT.
MOV. P

8.3
8.6

2.0
2.1

7.4
7.4

2,7
2.7

7.1
2.9

22.0
5.8

31.8
11.5

0.7
0.7

30.2
30.9

38.1
38.2

5. 1e
5.1*

73.4e
74. 2e

5
12
19
26

8.0
9.0
8.0
8.0

2.0
2.1
2.0
2.0

7.4
7.4
7.4
7.4

2.8
2.2
3.4
2.3

12.3
8.6
5.3
5.8

21.0
21.8
22.2
22.5

36.1
32.7
30.9
30.6

0.8
0.8
0.8
0.7

2
9
16
23 P
30 P

8.5
8.2
9.2
8.2
8.7

1.9
1.9
2.0
2.1
2.5

7.4
7.4
7.5
7.5
7.4

2.5
2.8
2.9
2.8
2.6

3.9
2.9
3.2
2.4
2.9

22.5
8.3
3.7
3.7
2.6

28.9
14.1
9.8
8.9
8.1

0.7
0.7
0.7
0.7
0.7

WEEK ENDING:
1983
OCT.

NOV.

estiaated




Supplementary Table 2
Levels and Annual Growth
Rates of Ml Using Current* and Experimental
Alternative^ Seasonal Adjustment Procedures
(Monthly average)
Levels i n b i l l i o n s
of dollars
Current
Experimental
Alternative

Annual growth
rates in percent
Current
Experimental
Alternative

1982 - November

474.0

474.8

13.6

17.4

December

478.2

478.5

10.6

9.4

482.1

481.0

9.8

6.3

February

491.1

490.7

22.4

24.2

March

497.6

498.7

15.9

19.6

April

496.5

498.7

-2.7

0.0

May

507.4

507.6

26.3

21.4

June

511.7

510.8

10.2

7.6

July

515.5

512.2

8.9

3.3

August

516.7

515.2

2.8

7.0

September

517.1

515.0

0.9

-0.5

October

517.9

517.0

1.9

4.7

November

518.1

519.8

0.5

6.5

1983 - January

1. Current monthly seasonal factors are derived using an X-11/ARIMA-based procedure*
2. Alternative monthly seasonal factors are derived using an experimental modelbased procedure. This procedure uses a combination of s t a t i s t i c a l regression
and time series modeling techniques to construct seasonal factors that are more
sensitive than the current factors to unique characteristics of each series*
These characteristics include fixed and evolving seasonal patterns, trading
day e f f e c t s , wi. thin-month seasonal variations, holiday e f f e c t s , outlier adjustments, special events adjustments, and s e r i a l l y correlated noise components.