Full text of H.6 Money Stock Measures : February 4, 1983
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FEDERAL RESERVE statistical release H6 (508) Table 1 For Release at 4:15 p.m. EST FEB. MONEY STOCK MEASURES AND LIQUID ASSETS 4 , 1963 Billions of dollars M1 Date sum of currency, travelers checks, demand deposits and other checkable deposits1 M2 Seasonal Ii M1 plus overnight RPs and Eurodollars, MMMF balances (gen. pur. and broker/dealer), and savings and small time deposits2 M3 adjusted L M1 M2 plus large time deposits, term RPs and institution-only MMMF balances3 M3 plus other liquid assets4 sum of currency, travelers checks, demand deposits and other checkable deposits1 M2 M3 Not seasonally 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 1981—DEC. 440.9 1822.7 2188.1 2642.8 451.2 1829.4 2199.9 265J.8 1982—JAM. FEB. JSAB. APB. MAX JUNE JULY AUG. SEPT. OCT. NOV. DSC. 448.6 447.3 448.3 452.4 451.5 451.4 451.3 455.2 460.5 466.4 475.0 478.5 1841.3 1848.1 1865.3 1680.9 1897.7 1908.2 1923.8 1946.8 1955.0 1968.1 1987.1.. 1999.7^' 2204.3 2215.1 2235.9 2258.3 2279.5 2296.2 2320.6 2356.4 2364.2 2382.1 2401.1 2404.3 2667.9 2690.5 2717.2 2744.2 2774.3 2799.5 2832.0 2858.3 2866.2 453.4 437.2 440.0 455.5 445.1 450.5 454.0 454.0 460.5 470.2 478.5 490.5 1849.2 1842.9 1362.1 1888.1 1869.1 1906.6 1925.2 1939.4 1951.3 1972.1 1986.9C, 2007.95' 2217.2 2216.1 2237.5 2266.3 2269.5 2290.3 2314.5 2343.1 2356.6 2383.4 2402.1 2418.1 2682.3 2698.5 2723.2 2754.7 2767.5 2794.7 2820.5 284J.5 2855.1 13-week average Not seasonally adjusted 4-week average M1 For period ended 13-week average Seasonally adjusted 4-week average week average week average 1982—DEC. 1 8 15 22 29 466.2 469.5 471.1 472.3 473.8 474.9 476.4 477.6 478.5 478.9 476.1 479.7 480.4 477.6 477.7 470.0 471.9 473.8 476.2 479.1 478.4 481.0 483.3 487.8 469.9 478.2 490.5 491.8 490.5 486.9 1983—JAN. 5 12 19 P 26 P 474.8 476.0 477.2 478.4 478.3 479.2 480.6 462.7 477.3 484.2 483.2 485.9 461.6 483.5 485.1 486.0 493.6 495.6 495.6 492.5 505.3 499.7 490.6 474.3 NOTE: SPECIAL CAUTION SHOULD BE TAKEN IN INTEBPfcETING gEEK-TO-«EEK CBANGES IN HONEY SUPPLY DATA. WHICH ABE HIGHLY VOLATILE AND SUBJECT TO BE?ISION. P~INDICATES PBELIHINABY DATA. FOOTNOTES APPEAB 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 3 MONTHS FROM SEPT. 1982 TO DEC. 1982 15.6 9.1 6.8 6 MONTHS FROM JUNE 1982 TO DEC. 1982 12.0 9.6 9.4 12 MONTHS FfiOM DEC. 1981 TO DEC. 1982 8.5 9.7 9.9 THIRTEEN WEEKS ENDING JAN. 26, 19*3 FHOM THIRTEEN WEEKS ENDING: 1/ 2/ 3/ 4/ 5/ OCT. 27, 1982 (13 WEEKS PREVIOUS) 15.4 JULY 26, 1982 (26 WEEKS PREVIOUS) 12.0 JAN. 27, 1962 (52 WEEKS PfiEVIOOS) 8.4 FOOTNOTES TO TABLE 1 AVERAGES OF DAILY FIGURES FOB (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL fiESEfiVE BANKS, AND THE VAULTS OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS CF NONfiANK ISSUERS; (3) DEM AMD DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS Al DEPOSITORY INSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND DEPOSIT COMPONENTS EXCLUDE THE ESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONS 10 SERVICE THEIR OCD LIABILITIES. INCLUDES OVERNIGHT (AND CONTINUING CONTRACT) BPS ISSUED BY ALL COMMERCIAL BANKS AND EURODOLLARS ISSUED EY CARIBBEAN BRANCHES OF MEMBER BANKS, SAVINGS AND SMALL DENOMINATION TIME DEPCSI1S (TIME DEPOSITS—INCLUDING RETAIL B P S - I N AMOUNTS OF LESS THAN $100,000), AND TIME DEPOSITS BBOKEB/EEALEB MONEY MARKET MUTUAL FUND SHARES. EXCLUDES AMOUNTS HELD BY U.S. COMMERCIAL BANKS, MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COMMERCIAL BANKS, AND THE U.S. GOVERNMENT. M2 HILL 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 DEPCSITCRY INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET FUNDS, AND FOREIGN BANKS AND 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 FUNDS. 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. ALL OF THE NEWLY-AUTHORIZED MONEY MARKET DEPOSIT ACCOUNTS ARE PRESENTLY INCLUDED IN BOTH M2 AND M3; WHETHER SOME OF THESE ACCOUNTS SHOULD ENTER ONLY AT THE M3 LEVEL HILL BE CONSIDERED AS DATA ON THE CHARACTERISTICS OF THE ACCOUNTS AND THEIR HOLDERS BECOME AVAILABLE. H.6(508) Table 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Data Currency1 Travelers checks? Other Overnight Demand3 checkable RPs5 deposits* deposits NSA Overnight Eurodollars6 NSA Money market deposit accounts 7 NSA Savings deposit^ at commercial banks at thrift institutions total Small denomination time deposits^ at thrift total institutions at commercial banks Money market mutual fund balances1*) general purpose institution and broker/ only dealer 1981-DEC. 123.1 4.3 236.4 77.0 31.4 6.7 0.0 157.0 186.6 343.6 357.3 497.4 854.7 151.2 33.7 1982-JAM. FEB. BAB. 123.8 121.6 125.1 4.3 239.3 234.5 233.0 81.1 83.8 85.8 35.7 35.6 36.7 7.5 7.3 6.3 0.0 0.0 p.o 158.9 159.0 160.8 189.9 189.1 189. * 348.8 348.6 350.7 358.6 363.4 371.0 493.7 496.0 499.0 852.3 659.4 869.9 154.9 156.1 159.4 32.5 30.5 31.5 IPfi. HAT JO I E 126.3 127.4 128.* 233.0 232.7 231.0 88.6 87.0 87.5 34.6 35.8 36.0 5.8 7.0 7.0 0.0 0.0 0.0 160.7 160.5 159.9 189.< 190. 189. « 350.5 350.9 349.9 379.9 386.5 391.6 501.7 507.5 509.4 881.6 894.1 900.9 162.1 164.6 168.9 31.5 32.8 33.7 JULY AOG. SBPI. 128.8 129.5 130.5 1u<1 \ 2JO. 6 231.1 232.6 87.4 90.2 93.0 36.4 37.6 36.8 7.0 6.9 6.5 0.0 0.0 0.0 157.0 155.9 156.6 187. 186. 185.< 344.0 342.0 342.4 401.1 407.9 410.9 518.7 522.7 521.7 919.7 930.6 932.6 171.7 180.6 182.5 36.7 43.1 43.9 OCT. MOV. DEC. 131.2 131.6 132.7 \ \ \ 236.2 238.3 240.3 96.5 100.7 101.3 39.7 40.6 39.5 6.2 6.6 6.1 0.0 0.0 42.8 159.3 164.0 161.2 193.. 198.. 196.< 352.6 362.3 357.6 407.6 407.3 399.9 516.2 515.6 504.9 923.8 922.9 904.7 184.1 186.6 177.5 44.8 45.3 43.1 i I I.I im < » 4I . ! •BEK ENDING 1982 DEC. 1983 JA1. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 9/ 10/ 1 6 IS 22 29 131.8 132.0 132.5 133.0 133.2 237.6 240.0 240.4 239.7 239.9 102.3 103.3 103.3 100.6 100.4 35.1 42.2 41.8 40.6 34.9 6.3 6.3 6.7 6.3 5.2 0.0 0.0 8.8 59.1 87.5 164.5 165.0 164.6 159.8 157.6 407.3 406.7 405.3 397.5 392.2 186.5 185.4 182.0 174.9 169.7 45.8 45.1 43.8 42.6 41.2 5 12 19 P 26 P 133.4 133.3 133.8 134.2 242.9 242.4 239.4 237.7 96.9 104.2 105.7 109.6 36.5 44.7 44.0 43.5 5.6 5.4 S.6 5.8 119.8 160.0 190.8 213.2 156.0 153.3 150.3 386.3 379.2 373.9 369.0 165.8 163.7 160.4 158.2 41.0 41.5 41.4 41.1 CURRENCY O0XSIDE THE U.S. TREASURY, F.fi. BANKS AID VAULTS OF COR1EBCIAL BANKS. EXCLUDES THE ESTIMATED ABOONT OF VAULT CASH HELD BI THBIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES. OUTSTANDING AHOUN1 OF U.S. DOLLAR-DENOMINATED TBAVELEBS CHECKS OF NONBANK ISSUERS. 0£BAND DEPOSITS AT COBBBRCIAL BANKS AND F0BSI6N BELATED INSTITUTIONS OTHER TBAN THOSE DOB TO DOHESTIC BANKS, THE U.S. GOVERNBENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND F.B. FLOAT. EXCLUDES THE ESTIMATED AMOUNT OF DEBAND DEPOSITS HELD AT COHBEfiCIAL BANKS BT TBBIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES. INCLUDES ATS AND MOM BALANCES AT ALL DEPOSITOBI ,INSTITUTIONS EXCEPT CREDIT ONIONS, CBEDIT UNION SHABE DRAFT BALANCES AND DSBAND DEPOSITS Al THRIFT INSTITUTIONS. OTHEB CHECKABLE DEPOSITS SEASONALLY ADJUSTED SQOALS DEBAND DEPOSITS PLUS OCD SEASONALLY ADJUSTBD LBSS DEBAND DEPOSITS SEASONALLY ADJUSTED. NOH ACCOUNTS INCLUDE CEILING FREE "S0PEB IOIS," AUTHORISED BY THE DEPOSITORY INSTITUTIONS DEREGULATION CONBITTEZ TO BE OFFERED BEGINNING JANUARY 5, 1983. PRELIMINARY DATA INDICATE THAT BALANCES IN "SUPER NOHS" HERB ABOUT $11.7 BILLION ON A DAILY AVERAGE BASIS IN THE IBEK ENDED JANUABY 12, 1983, ABOUT $15.4 BILLION IN THE VEEK ENDED JANOABY 19 AND ABOUT $17 BILLION IN THE MEEK 1NDBD JANUABY 26. THESE FIGURES INCLUDE BALANCES IN "SUPER NOBS" AT COHflEBCIAL BANKS OF ABOOT $6.7 BILLION IN THE H£BK ENDED JANUARY 12 AID $9.7 BILLION IN THE WEEK ENDED JANUARY 19. FIGURES FOR THE LATEST SEEK ABE NOT YET AVAILABLE BY TYPE OF INSTITUTION. INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY C0BH3RCIAL BANKS XO OTHER THAN DEPOSITORY INSTITUTIONS AND BONBY BARKS! SOTOAL FUNDS (GENERAL PU&POSE AND B£OKEl/DEALER). ISSUED m CARIBBEAN BRANCHES OF U.S. HBBBSB BANKS TO O.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND HONEY BABKET MUTUAL FUNDS. BONEY BARKET DEPOSIT ACCOUNTS (BBOAS) HERE AUTHORIZED BI THE DEPOSITORY INSTITUTIONS DEREGULATION COBBITT3S TO BI OFFERED fiBGINIING DECBBBER 14, 1982. SAVINGS DEPOSITS EXCLUDE flflDAS. SHALL DENOBINATION TIHE DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN ASCOUTS OF LSSS THAN $100,000. NOT StASONALLY ADJUSTED. H.6 (508) Table 3—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, seasonally adjusted unless otherwise noted Large denomination time deposits'! Date at commercial at thrift banks2 institutions total at commercial banks NS> Term RPs3 at thrift institutions NSA Term 4 Eurodollars total NSA NSA Savings bonds Short-term Treasury securities^ Bankers Commercial acceptances** paper7 1981-DEC. 245.9 54.4 300.3 27.1 8.3 35.4 66.7 67.7 176.5 39.7 104.2 1982-JAN. FEB. MAfi. 247.2 251.4 254.5 55.5 56.6 58.0 302.6 308.0 312.6 23.7 23.8 22.8 a.a 8.8 8.7 32.5 32.5 31.5 69.9 73.8 74.4 67.8 67.8 67.7 180.3 166.4 191.0 40.2 39.1 37.9 105.5 108.4 110.3 APB. MAY JOVE 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 67.8 191.7 191.9 194.8 38.3 39.9 40.3 109.7 112.1 115.7 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 84.3 81.6 81.5 67.7 67.6 67.5 199.9 200.5 201.2 40.8 40.2 40.7 118.7 112.0 111.1 OCT. MOV. DEC. 279.1 274.4 266.4 63.4 66.0 66.3 342.5 340.4 332.7 22.1 24.1 24.2 9.2 9.4 9.4 31.3 33.5 33.6 WEEK ENDING: 1982-DEC. 1 8 15 22 29 272.7 272.2 270.5 263.7 260.6 29.6 21.5 22.4 20.2 30.4 1983-JAN. 5 12 19 P 26 P 259.6 250.4 245.1 240.1 30.5 20.7 1/ 23«Q 23.4 LABGE DENOMINATION TIME DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100#000 OB MOBE, EXCLUDING THOSE BOOKED AT INTEBNATIONAL BANKING FACILITIES (IBFS). 2/ LABGE DENOMINATION TIME DEPOSITS AT COMMEBCIAL BANKS LESS LABGE TIME HELD BI MONEY MABKET MUTUAL FUNDS AND THBIFT INSTITUTIONS. 3/ TEBM BPS ABE THOSE WITH OBIGINAL MATUBITY GBEATEB THAN ONE DAY, EXCLUDING CONTINUING CONTBACTS AND BETAIL BPS. 4/ TEBM EUBODOLLABS ABE THOSE H U H OBIGINAL MATUBITY GBEATEB THAN ONE DAY EXCLUDING THOSE HELD BY DEPCSITOBY INSTITUTIONS AND MONEY MAfiKET MUTUAL FUNDS. 5/ INCLUDES U.S. TiiEASUBY BILLS AND COUPONS WITH BEMAINING HATUBITY OF LESS THAN 18 MONTHS HELD BY OTHEB THAN DEPOSITOBY INSTITUTIONS, F.B. BANKS, AND MONEY MABKET MUTUAL FUNDS. 6/ NET OF BANKEBS ACCEPTANCES HELD BY ACCEPTING BANKS, F.fi. BANKS, fOBEIGN OFFICIAL INSTITUTIONS, THE FIDEBAL HCME LOAN BANK SYSTEM, AND MONEY MAfiKET MUTUAL FUNDS. 7/ TOTAL CCMMEBCIAL PAPER LESS CCMMEBCIAL PAPEB HELD BY MONEY MABKEI MUTUAL FUNDS. Table 3A COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Demand deposits Date Currency1 125.4 1981-DEC. Travelers checks2 4.1 at member banks3 at domestic nonmember banks4 156.8 82.7 Other checkable deposits at foreignrelated banking offices In the U.S.5 4.1 total 6 243.3 at commercial banks7 at thrift institutions8 total Overnight RP, fl 63.4 15.1 78.4 31.4 6.7 82.5 81.5 83.8 35.7 35.6 36.7 7.5 7.3 6.3 Overnight Eurodollars 1982-JAN. FEB. MAR. 123.3 123.0 123.8 I. 1 >.1 1.2 157.7 147.3 147.5 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 APfi. HAY JOKE 125.6 127.2 128.3 1.2 t.3 1.7 152.7 147.7 149.2 79.9 77.2 77.9 3.9 3.8 3.7 236.1 228.3 230.4 71.4 67.9 69.2 18.1 17.5 18.0 89.5 85.4 87.2 34.6 35.8 36.0 5.8 7.0 7.0 JULI AOG. SEPT. 129.8 130.0 130.2 1.9 1.9 1.7 151.0 150.1 152.4 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. MOV. DEC. 131.2 132.7 135.2 ».5 1.2 i 1.0 155.7 158.0 163.3 78.1 79.0 80.8 3.7 3.7 3.7 237.2 240.2 247.2 76.1 79.2 80.9 21.2 22.3 23.0 97.3 101.5 104.0 39.7 40.6 39.5 6.2 6.6 6.1 WEEK ENDING: 1982-DEC. 1 8 15 22 29 132.5 134.8 134.9 136.0 135.8 159.3 161.5 163.4 162.6 162.8 77.8 80.8 80.8 81.1 79.9 3.6 3.7 3.6 3.9 3.7 240.2 245.3 247.3 247.1 245.8 79.1 82.6 82.4 80.6 78.7 22.3 23.7 23.2 22.8 22.5 101.4 106.3 105.6 103.4 101.2 35.1 42.2 41.8 40.6 34.9 6.3 6.3 6.7 6.3 5.2 1983-JAN. 5 12 19 P 26 P 134.7 134.1 133.2 132.0 174.4 166.4 161.8 153.5 84.5 82.9 79.8 75.7 3.6 3.1 3.4 3.5 262.0 251.9 244.4 232.3 81.0 84.1 83.4 80.7 23.5 25.5 25.6 25.3 104.5 109.7 109.0 106.1 36.5 44.7 44.0 43.5 5.6 5.4 5.6 5.8 1/ COfifiENCT OOTSIDE THE U.S. TREASURY, ¥.R* BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED A HO U NT OF VAULZ CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIB OCD LIABILITIES. 2/ OUTSTANDING AHOUNT OF U.S. DOLLAR-DENOMINATED TfiAVELEfiS CHECKS OF MONBANK ISSUERS. 3/ DEMAND DEPOSITS OTHEB THAN IBOSE DUE TO DOMESTIC BANKS, THE U.S. GOVEfiNHENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.fi. FLOAT AT HEHBEfi BANKS OF THE FEDERAL RESERVE SYSTBM. 4/ DEMAND DEPOSITS OTHEB IHAN TBOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEHBEB BANKS. 5/ DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOfiEIGM BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT COMPANIES. 6/ EQUALS SUM OF THREE PREVIOUS COMPONENTS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BI THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES. 7/ NOH AND ATS BALANCES AT COMMERCIAL BANKS, BRANCHES AND AGENCIES OF FOREIGN BANKS, AND EDGE ACT CORPORATIONS. 8/ NOH AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND DEMAND DEPOSITS Al THRIFTS. 9/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BI COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER). 10/ ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AN£ MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER). H.6 (508) Table 3A—continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not .seasonally adjusted Savings deposits1 Money market deposit accounts at commercial banks at savings and loans at mutual savings banks at credit unions 1981-DEC. 0.0 G.O 0.0 0.0 0.0 1982-JAN. FEB. MAfi. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 APR. HAY JO HE 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JULY AUG. SEPT. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 26.1 Date OCT. MO?. DEC. Small denomination time deposits2 at savings and loans at mutual savings banks at credit unions 157.2 95.4 47.5 0.0 0.0 0.0 158.6 157.5 158.4 96.7 95.9 95.9 0.0 0.0 0.0 0.0 0.0 0.0 159.5 159.0 158.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.6 0.0 0.0 3.8 0.0 0.0 0.3 0.0 0.0 4.8 35.7 54.2 0.0 0.0 2.9 17.7 25.2 0.0 0.0 0.8 5.3 7.6 73.5 97.3 116.3 35.5 48.3 57.0 10.3 13.6 16.4 total at commercial banks at savings and loans at mutual savings banks at credit unions total 42.8 343.0 355.8 379.5 99.0 17.3 851.7 47.9 47.3 47.2 43.5 43.8 44.7 346.8 344.5 346.1 359.7 367.3 375.2 381.0 383.5 386.1 99.4 99.8 99.9 17.4 17.8 18.4 857.5 868.5 879.6 96.1 95.8 95.8 47.1 46.8 46.9 45.3 45.8 46.4 348.1 347.4 347.9 381.4 387.7 392.7 387.8 388.0 389.2 100.2 100.6 101.0 18% 8 19.1 19.4 888. 1 895.3 902.3 158.5 157.9 158.1 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 19.8 20.0 20.1 914.1 920.2 923.9 0.0 0.0 42.8 161.3 164.5 161.5 98.5 99.8 96.6 47.7 48.3 47.3 49.4 51.1 51.6 357.0 363.7 357.0 406.4 404.6 398.2 395.3 395.0 387.7 100.4 99.1 96.9 19.4 19.0 18.7 921.6 917.7 901.6 0.0 0.0 0.4 0.4 0.5 0.0 0.0 8.6 59.1 87.5 164.9 166.1 165.4 159.8 157.2 404.4 404.5 403.3 395.9 391.4 0.5 0.7 1.1 119.8 160.0 190.8 213.2 156.3 153.6 150.1 386.3 379.8 375.1 370.8 total at commercial banks WEEK ENDING 1982 DEC. 1 8 15 22 29 1 QAl JAN. 1/ 2/ 5 12 19 P 26 P SAVINGS DEPOSITS EXCLUDE MMDAS. SHALL DENOMINATION TIME DEPOSITS -- INCLUDING KETAIL RPS — AJJE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000. H.6 (508) Table 3A-continued COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS Billions of dollars, not seasonally adjusted Date Large denomination time deposits1 at at mutual commercial savings at savings total3 banks2 and loans banks Term RPs4 at commercial banks at thrift institutions total Term Eurodollars 5 Savings bonds Short-term Treasury securities 6 Commercial Bankers papers acceptances7 1961-DEC. 251.2 47.8 6.0 305.4 27.1 8.3 35.4 66.7 68.1 175.2 39.4 104.6 1982-JAN. FEB. MAfi. 252.0 257.0 259.6 49.2 307.6 314.2 317.4 23.7 50.5 51.2 6.0 6.3 6.1 23.8 22.8 8.8 8.8 8.7 32.5 32.5 31.5 69.9 73.8 74.4 68.1 67.8 67.6 181.1 191.2 195.0 39.9 39.7 38.4 106.2 109.8 110.2 APE. HAY JUNE 260.1 261.8 264.7 51. J 52.1 52.7 6.1 6.0 6.0 317.9 320.3 323.9 25.2 23.3 21.8 9.0 9.3 34.2 32.6 31.2 78.5 83.3 84.8 67.4 67.4 67.4 194.1 194.9 196.0 38.5 39.6 40.1 110.0 112.8 116.1 JULY AUG. SEPT. 268.7 273.0 273.7 53.1 54.1 54.9 6.0 6.2 6.5 328.3 333.7 335.7 19.7 22.5 20.9 9.6 9.6 29.3 32.1 30.5 84.3 81.6 81.5 67.4 67.5 67.5 196.3 197.2 199.2 40.0 39.6 40.6 118.0 114.7 109.5 OCT. NO?. DEC. 276.0 275.6 272.0 56.7 58.8 59.2 6.6 339.9 341.6 338.2 22.1 24.1 24.2 9.2 6.6 6.4 9.5 9.6 9.4 9.4 31.3 33.5 33.6 MEEK E J D I N G : 1982-DSC. 1983-JAN. 1/ 2/ 3/ 4/ 5/ 6/ 7/ 8/ 1 8 15 22 29 277.0 275.4 274.5 269.9 268.9 29.6 21.5 22.4 20.2 30.4 5 12 19 P 26 P 264.4 254.9 249.1 245.0 30.5 20.7 23.0 23.4 LAfiGE DENOMINATION TIHE DEPOSITS ABE THOSE ISSUED IH AMOUNTS OF $100,000 OR HOBE, EXCLUDING THOSE BOOKED AT INTEBNAIIONA1 BANKING FACILITIES (IBFS) . LAfiGE DENOHINATION H U E DEPOSITS AT COMHEBCIAL BANKS LESS LAEGE TIHE HELD BI BONEI MABKET MUTUAL FUNDS AND TBBIFT INSTITUIIONS. TOTAL LAfiGE DENOHINATION TIME DEPOSITS EXCEEDS SUH OF THfiEE PBEflOUS COLUMNS BI SUCH DEPOSITS AT CBEDIT UNIONS TEBM BPS ABE THOSE H U H OBIGINAL HATUBIXI GBEATBfi THAN ONE DAI, EXCLUDING CONTINUING CON1BACTS AND BE1AIL BPS TEBH EUBODOLLABS ABE THOSE WITH OBIGINAL HATUBITI GBEATIB THAN ONE DAI EXCLUDING THOSE HELD BI DEPCSI1OBI INSII1U1IONS AND MONEI HABKET MUTUAL FUNDS. INCLUDES U.S. TBEASUBI BILLS AND COUPONS WITH BEMAINING MATUBI1I OF LESS THAN 18 MONTHS HELD BI OTHIB THAN DEPOSITOBX INSTITUTIONS, F.fi. BANKS, AND HONEI MABKET MUTUAL FUNDS. NET OF iANKEBS ACCEPTANCES HELD BI ACCEPTING BANKS, F.fc. BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE IlDZhkL HOME LOAN BANK SYSTEM, AND HONEI MABKET MUTUAL FUNDS. TOTAL CCMHEBCIAL PAPER LESS COMMERCIAL PAPEfi HELD BI MONEI MABKEI MUTUAL FUNDS. 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 demand deposits at Federal Reserve commercial banks Banks U.S. government deposits note balances at commercial banks and thrift institutions total demand deposits and note balances 1981-DEC. 12.9 2.6 9.1 3.1 2.9 8.1 14.1 1982-JAN. FEB. BAB. 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 19.1 25.6 APH. JOME 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 JOLI A06. SEPI. 11.4 10.6 10.5 2.5 2.3 2.1 8.8 9.1 9.0 2.6 2.4 3.4 OCI. MCF. DEC. 10.6 10.6 10.8 2.3 2.1 2.3 9.0 9.0 8.8 time and savings deposits at commercial banks 0.7 0.7 18.9 0.8 0.8 10.1 12.7 7.5 18.3 19.9 14.1 •0 1.0 1.0 3.3 3.3 3.8 5.7 5.8 9.0 11.7 11.5 16.2 1.0 1.0 1.0 2.6 2.7 3.0 3.2 3.1 3.2 13.8 5.3 7.9 19.6 11.0 14.1 !1.1 1.1 1.1 MEEK EHDI9G: 1982-DSC. 1 8 15 22 29 11.0 10.7 10.6 11.0 11.1 2.3 2.2 2.1 2.2 2.5 8.9 8.9 8.9 8.7 8.7 2.7 3.2 3.3 3.3 2.5 3.3 3.0 3.3 3.0 3.3 4.0 7.6 2.6 9.6 10.8 9.9 13.8 9.3 15.8 16.6 1.0 1.0 1.0 1.0 1.1 1983-JAH. 5 12 19 P 26 P 9.9 10.2 10.0 10.2 2.3 2.4 2.3 2.2 8.6 8.5 8.5 8.4 2.7 2.5 3.8 2.8 4.2 2.9 3.1 3.9 13.4 12.2 12.5 15.0 20.2 17.7 19.4 21.7 1.1 1.0 1.0 0.9 SPECIAL SUPPLEMENTARY TABLE Variable-Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase Agreements At All Insured Commercial Banks and All Mutual Savings Banks October 31, 1982, November 30, 1982 and December 29, 1982 (not seasonally adjusted)1Insured Commercial Banks Nov. 30 Oct. 31 I Dec. 29r Amount outstanding ($ millions) Liability Categories Mutual Savings Banks Oct. 31 Nov. 30 Dec. 29r Amount outstanding ($ millions) 8,352 (22) 61,944 1 (202) Money market deposit accounts (MMDAs)^ 1 (standard error of the estimate) 14,711 (726) I 8,360 7- to 31-day money market certificates^ (standard error of the estimate) (465) 91-day money market certificates^ (standard error of the estimate) 6,248 (181) 6-month money market certificates^ (standard error of the estimate) 231,046 (1,988) certificates 6 (standard error of the estimate) All Savers certificates 7 (standard error of the estimate) 427 (37) 9,714 (644) 831 (68) 369 (22) 7,280 (182) 835 (28) 916 (32) 819 (31) 226,682 (2,030) 218,657 (1,895) 47,723 (860) 47,519 (843) 45,728 (717) 87,445 (1,862) 86,968 (1,812) 86,607 (1,770) 26,813 (523) 26,506 (535) 25,634 (503) 13,605 (231) 10,086 (188) 8,673 (177) 1 3,171 (74) 2,409 (55) I l 2,128 (47) in:* 2,147 2,760 3,269 I 367 i 426 1 485 Fixed-rate accounts (standard error of the estimate) Variable-rate accounts (standard error of the estimate) 2,026 (180) 121 (48) 2,614 (221) 146 (61) 3,125 (263) 144 (63) I 1 1 1 343 (25) 24 (3) 1 i 1 397 (26) 29 7,322 (194) I 3-1/2 year ceiling-free time deposits I 1 I (6) 1 I 6,347 1,592 1 1,694 1,387 (83) 307 (32) 4,653 (192) All IRA/Keogh Plan Deposits 9 16,791 17,272 18,096 1 6,174 1 6,199 Ceiling free IRA/Keogh Time Deposits in: 9,916 10,420 11,224 1 1,496 1 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 I. 7,863 (330) 2,053 (133) 6,875 (359) 1 1 455 (32) 30 (7) 8,276 (340) 1 2,144 (137) 8,963 (367) 2,261 (143) 1 1 I 1 1,233 (70) 263 (28) 1 1 I 1 1,313 (75) 279 (29) 1 1 I 1 6,852 I (356) 6,872 (371) 1 1 4,678 (190) I 1 4,607 (190) i 1 1 1,472 1 2,576 1 2,411 5,937 1 7,677 1 7,225 Retail repurchase a g r e e m e n t s ^ (279) (460) 1 (432) 1 (683) 1 (772) 1 1 (726) 1 (standard error of the estimate) 1. Fstimafpfl art* haat*d on data collected bv the Federal Reserve from a stratified random sample of about 550 banks and 90 mutual savings banks. 2. Money market deposit accounts (MMDAs)—Deposits with a $2,500 initial and average balance requirement, no required minimum maturity but institutions must reserve the right to require at least seven days' notice prior to withdrawal, no restrictions on depositor eligibility, or limitations on the amount of interest that may be paid unless the average balance falls below $2,500 during which period the NOW account rate ceiling applies; such accounts may allow up to six transfers per month, no more than three of which may be by draft and may permit unlimited withdrawals by mail, messenger, or in person. 3. 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. 4. 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). 5. 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). 6. 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. 7. 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. 8. Ceiling-free time deposits are all negotiable or nonnegotiable time deposits in denominations of less 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. 9. 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. 10. 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. r—revised