Full text of H.6 Money Stock Measures : July 15, 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
For Release at 4:1 5 p.m. Eastern Time
Table 1

MONEY STOCK MEASURES AND LIQUID ASSETS

JULY

15,

19P3

Billions of dollars
M1

sum of

currency,
travelers
checks,
demand
deposits and
other
checkable
deposits1

Date

M2

Seasonal!1i
M1 plus
overnight RPs
and Eurodollars,
MMMF
balances (gen.
pur. and
broker/dealer),
MMDAs,
and savings
and small time
deposits2

M3
adjusted

]

M2 plus large
time deposits,
term RPs and
institution-only
MMMF
balances3

M1

L

3um of
currency,
travelers
checks,
demand
deposits and
other
checkable
deposits1

M3 plus other
liquid assets4

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

L

M3 plus other
liquid assets4

1982—JUNE
JOLT
AOG.
SEPT.
OCT.
NOV.
DEC,

453.4 ,
450.4
458.3
463.2
468.7
474.0
478.2

1864.5
1880.9
190 3.6
1917.0
1929.7
194 5.0
1959.5 5/

2260.2
2283.4
2317.9
2333.9
2352.0
2370.2
2377,6

2767.0
2798.2
2823.6
2840.5
2866.0
2882.4
2896.8

450.8
454.3
454.3
461.0
470.6
479.0
491.0

1865.4
1883.0
1896.5
1908.7
1928.6
1943.6
1964.5 5/

2257.2
2280.8
2308.8
2324.4
2350.4
2369.2
2385.3

2763,0
2790.0
2811.8
2825.5
2860.9
2881.3
2904.7

1983—JAN.
FEB.
MAH.
APR,

482.1
491. 1
497.6
496.5
507.4
512.0

2010.0
2050.8
206 9,9
2074.8
2097.1
2115.2

2403,3
2430.6
2447.1
2454.1
2477.5
2498,9

2930.7
2960.5

489.7
480.6
489.2
504.5
499.8
508.6

2018.3
2042.5
2065.9
2088.5
2093.6
2114.9

24 15.2
2427.0
2445.9
2*65.6
2472.8
2495.6

2945.7
236U.3

HAY

JONE P

5/
5/
5/
5/
5/
5/

5/
5/
5/
5/
5/
5/

M1

For period ended

13-week
average

Seasonally adjusted
4-week
average

week average

13-week
average

Not seasonally adjusted
4-week
average

week average

1983-JtJNE

1
8
15
22
29 P

500.7
501.9
503.0
504. 1
504.9

508.4
510.3
510.8
511,5
511.4

508.7
514.6
511.2
511.4
508.3

498.0
499.6
501.3
502.9
504.0

499.9
502.8
505.6
508.6
508.0'

U99.9
514.5
513.4
506.5
497.6

JOLT

6P

506. 1

511J

514.1

505.0

510.3

523.7

MOTE:

SPECIIL CADTI0N SHOULD BE TAKEN IN INTERPRETING SEBK-TO-WEEK CHANGES I N HONEY S0PPLT DftTA,
HIGHLY VOLATILE AND SUBJECT TO REVISION.
P—INDICATES PRELIBINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGE




WHICH AR'

H.6(508)
Table 2

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

M1

M2

M3

8.8

8.5

3 MONTHS FROM MAR.

1 9 8 3 TO JUNE

1983

11.6

6 HONTHS FROf! DEC.

1 9 8 2 TO JUNE

1983

14.1

15.9

10.2

12.9

13.4

10.6

12 HONTHS FROH JONB

1 9 8 2 TO JUNE 1 9 8 3

THIRTEEN WEEKS ENDING JULY 6 , 1 9 8 3
FROH THIRTEEN WEEKS ENDING;
APR.

6,

1983

( 1 3 WEEKS PREVIOUS)

11.8

JAN.

5r

1982

( 2 6 WEEKS PREVIOUS)

13.4

JOLT

7,

1982

( 5 2 WEEKS PREVIOUS)

11.9

FOOTNOTES TO TABLE 1
AVERAGES OF DAILY FIGURES FOR (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND
THE VAULTS OF COMHERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEHAND DEPOSITS
AT ALL COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND
FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS 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 AT DEPOSITORY
INSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEHAND
DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEHAND DEPOSIT COHPONENTS EXCLUDE THE
ESTIHATED AHOUNT OF VAULT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONS
TO SERVICE THEIR OCD LIABILITIES.
2/ INCLUDES OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COHHERCIAL BANKS AND EURODOLLARS
ISSUED BY FOREIGN (PRINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS, HHDAS, SAVINGS
AND SHALL DEHOHINATION TIME DEPOSITS (TIHE DEPOSITS—INCLUDING RETAIL RPS—IN AHOUNTS OF LESS
THAN $100,000), AND BALANCES IN BOTH TAXABLE AND TAX-EXEHPT GENERAL PURPOSE AND BROKER/DEALER
HONEY HARKET HUTUAL FUNDS. EXCLUDES IRA AND KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AND HONEY
HARKET FUNDS. ALSO EXCLUDES AHOUNTS HELD BY U.S. COMMERCIAL BANKS, HONEY HARKET FUNDS (GENERAL
PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COHHERCIAL BANKS, AND THE U.S. GOVERNMENT.
M2 WILL DIFFER FROM THE SUH OF COHPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION
ADJUSTMENT THAT REPRESENTS THE ESTIHATED AHOUNT OF DEHAND DEPOSITS. AND VAULT CASH HELD BY
THRIFT INSTITUTIONS TO SERVICE TIHE AND SAVINGS DEPOSITS.
3/ INCLUDES LARGE DENOHINATION TIHE DEPOSITS AND TERH RPS (IN AHOUNTS OF $100,000 OR HOPE) ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS,
THE U.S. GOVERNHENT, MONEY HARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H3 WILL
DIFFER FROH THE SUH OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT
THAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS HELD BY INSTITUTION-ONLY MONEY MARKET
HUTUAL FUNDS.
4/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHOPT-TERH
TREASURY SECURITIES, COHHERCIAL PAPER, BANKERS ACCEPTANCES, AND TERH EURODOLLARS HELD BY U.S.
RESIDENTS, NET OF HONEY HARKET HUTUAL FUND HOLDINGS OF THESE ASSETS.
5/ HONEY MARKET DEPOSIT ACCOUNTS ARE PRESENTLY INCLUDED IN BOTH H2 AND H3; WHETHER SOME OF THESE
ACCOUNTS SHOULD ENTER ONLY AT THE H3 LEVEL WILL BE CONSIDERED AS DATA ON THE CHARACTERISTICS
OF THE ACCOUNTS AND THEIR HOLDERS BECOME AVAILABLE.
1/




M.6(50!8)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adJueN
Other
Date

1982-JURE
JULY
AUG.
SBPT.

Currency1

Travelers
checks?

OveffllQht

Demand
deposits*

128.2

4.5

232.3

88.*

32.S

128.8
129.6
130.5

4.4
4.4
*.*

232.1
232.5
234.0

89.1
91.8
94.3

33.3
34.0
34.1

f
Euro*

Savings deposited
market
deposit
accounts/

st
cornmor*
clal
banks

Institu-

0.0

159.5

187.8

347,2

8c*

7.4

0.0
0.0
0.0

158.2
156.4
159.6

186.8
188.3
190.4

6.5
6.7
5.8

0.0
0.0
43.2

162.3
166.2
163.4

7.5
8.5

Small denomination
time> deposits*
deposit
thrift
Institutions

total

Money market
mutual fund balancesiO
general
purpose Institution
only
end broker/
dealer

484.3

859.3

170.1

36.6

345.0
346.7
350.0

37S.0
383.8
388.6
3*1.4

*8«.2
49U8

R72.9
879.8
883.2

172.9
182.3
185.1

*0.*
• 7.1
48.2

195.7
200.1
195.9

358.0
366.4
359.3

389.9
389.2
383.2

488.1
48S.8
475.9

878.0
87*. <»
859.1

187.6
191.1
182.2

*9.3
*9.9
*7.6

OCT.
ROV.
DBC.

131.3
131.9
132.8

4.4
4.4
4.2

236.0
237.6
239.8

97.0
100.1
101.3

37.4
38.5
38.5

1983-JAR.
FEB.
HAR.

134.2
135.6
137.0

4.1
4.3
4.5

239.4
238.7
2*0.1

104.5
112.5
116.0

40.1
41.0
40.9

7.2
7.8
7.0

189.1
277.7
320.5

151.7
144.7
142.3

183.4
181.0
ISO. 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

15*Io

*6. 1
U5.2
*3.5

138.0
139.3
140.4

238.9
242.5
244. 1

115.0
120.9
122.7

42.5
47.2
47. 5

8.1

4-7
4.7

341.2
356.8

367.3

140.8
140.6
140.6

180.7
182.3
184.2

321.5
323.0
325.0

321.5
318.8
319.5

404.2
401.4
402.7

725.7
720.1
772.2

1*6.7
1*0.9
139.3

41.0
*0.*
39.2

1*0.0
140.2
140.2
140.4
140.7

242*4
245.8
244.1
243.9
241.4

121.7
123.8
122.2
122.5
121.5

48.1
45.9
48.3
47.8
48.1

9.9
S.6
8.6
9.4
10.6

363.7
366.9
367.9
367.6
367.1

1*0.8
141.3
141.2
140.9
140.2

317.6
317.5
318.4
319.8
321.7

1*0.6
1*0.6
1*0.1
138.9
137.9

*0.0
3**.6
3^.6
39.1
38.6

140.8

2*6. f

122.5

46.6

9.1

367.9

140.5

323.5

137.8

38.8

APR.
HAY
JUNE P

9^3

REEK BRDIRG

JOLT

6 P

BXCLODBS THE BSTIHATED AHOURT OF VAULT CASH
CORRERCY OUTSIDE THE U . S . TREASURY, P.R BARKS ARD VAULTS OP CORRBVCIAL BARKS.
HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .
2/ OUTSTARDIRG AHOURT OF U . S . DOLLAR-DBROHIRATED TRAVBtBtS CHECKS 0 7 RORBARK ISSUERS.
3/ DEHARD DEPOSITS AT COBHERCIAL BARKS ARD FOR S I SB RELATED XBSTITSTXORS OTHBR THAR THOSE DWR *O DOHES*IC BARKS, THE TJ.S. GOVERNHENT AND FOREIGN BARKS ARD OFFICIAL IHSTITOTIOBS LBSS CASR ITBR3 XR TUB PROCESS OP COLLECTION ARD F . R . FLOAT. EKCLODES THE
BSTIHATED AHOURT OP DBHARD DEPOSITS HELD AT COSHERCXAL BftBKS §Y TftRXPT INSTITUTIONS TO SERVICE *KBIR OCD L I A B I L I T I E S .
INCLUDES ATS ARD RO« BALARCBS AT ALL DEPOSITORY IffSTXTVTXOfS BfCTOT CREDIT 9RIORS, CREDIT USION SHAPE DFAFT BALANCES AND
DBHARD DEPOSITS AT THRIFT IRSTITUTIOBS.
OTNBR CHBCVABLE DEPOSITS SBASORALLY A0J0ST2& EQUALS M5HAND DEPOSITS PLUS OCD
SEASONALLY ADJUSTED LESS DBHAND DEPOSITS SBASORALLY ADJQSTBft.. SKH9 ACCO0RT3 XRCL9DB CEILIRG P?>3*
AUTHORIZED BY THE DEPOSITORY IRSTITOTIORS DEREGULATION COHRITTBft TO BB OPPERBD BBGIVHIRG JAIWARY 5 , 1 9 8 3 .
DATA INDICATE THAT BALANCES IW "SUPER ROWS" 9ERE ABfcOT S 3 1 . 7 Bf&lIOft X« THE 1B«K BRDBD JURE 2 2 , ABOUT * 3 1 . * BILLION
IK THE REEK ENDED JURB 2 9 , AND ABOUT $ 3 3 . 0 BILLION IR TRS VBEK EffDED JOLT 6 .
THESE FIGURE? INCLUDE BALANCES IN
"SUPER RONS" AT CORRBRCIAL BANKS OF ABOUT 1 2 2 . 2 BILLION i n TUB BB1SK ENDED JURE 2 2 ARD ABOUT * 2 2 . 0 BILLTON IN THE
WEEK ENDF.D JUNE 2 9 .
FIGURES FOR THE LATEST ftfiBK ARE ROT VBT AVAILABLE BY TYPE OP INSTITUTION.
5/ INCLUDES OVERNIGHT ARD CORTIHUIRG CONTRACT RPS ISSOBD BT CORRBRCXAL BARKS TO OTHBR THAN DEPOSITORY INSTITUTIONS AND HONEY
HARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) .
6/ ISSUED BY FOREIGN (PRINCIPALLY CABIBBEAR AND LONDON) BRARCRBS OP f l . S . BARKS TO O . S . RESIDENTS OTHER THAR
DEPOSITORY INSTITUTIONS AND HONEY HARKET ROTOAL FORDS.
7/ HORBY HARKET DEPOSIT ACCOURTS (HHDAS) VERB AQTRORIKB* IV TRB DEPOSITORY XRSTITOTXORS DEREGULATION COHHITTEB TO BE OFFERED
BEGINNING DECEMBER 1 * , 1 9 8 2 .
8/ SAVINGS DEPOSITS EICLODE HHDAS.
9/ SHALL DENOHINATION TIHE DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN ABOUND OF LESS THA» $ 1 0 0 , 0 0 0 . ALL
RETIBEHENT ACCOUNTS (IRA) AND KEOGH ACCOURTS AT COHHERCIAL BARKS AND THRIFTS ARE SUBTRAC**D PRO* SHALL *IHE DEPOSITS.
1 0 / ROT SEASONALLY ADJUSTED, INCLUDES BALANCES IR BOTH TAXABLE ARD TAX-EIEHPT FURDS.
ALL INDIVIDUAL RFTIPEHENT ACCOUNTS
ARD KEOGH ACCOURTS AT HONEY FUNDS ARE EXCLUDED.

1/




H.6 (508)
Tabl$ 3—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions OT aoiiars, seasonally aa usiea uniess orlerwise noieu
Large denomination time deposits1
Date
at commercial
at thrift
banks2
total
institutions

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

total
NSA

NSA

Term 4
Eurodollars

Savings
bonds

Short-term
Treasury
securities^

Bankersr • Commercial
paper7
acceptances^

267.4

60.0

327.4

24.6

11.7

36.3

84.7

67.7

197.2

41.6

115.7

JOLT
AOG.
SEPT.

271.7
273.6
273.6

60.4
61.3
62.5

332.1
33H.9
336.1

22.7
25.4
24.6

11.8
11.6
11.8

34.5
37.0
36.4

83.7
80.9
80.6

6?.6
67.S
67.5

202.9
204.1
203.6

42.0
41.3
41.4

118.7
112.0
113.7

OCT.
NOV.
DEC*

275.3
273.7
267.0

64.3
66.8
66.7

339.6
340.4
333.8

26.0
27.8
28.2

11.7
11.6
12.1

37.7
39.4
40.3

81. 1
79.5
80.1

67.6
67.fi
67.9

210.3
214.5
217.6

42.P
43.1
44.9

112.3
107.3
108.8

1983-JAN.
FEB.
MAR.

247.6
235-2
231.6

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

81.2
83.8

68.1
68.5

219.3
219.3

45.3
43.2

113.5

231.1
226.8
228.7

69.2
72.5
75.3

300.4
299.3
304.0

30.3
32.5
31.6

12.4
12.6
12.5

42.7
45.1
44.1

1982-JONE

APR.
HAT
JUNE P

115. 1

WEEK ENDING:
1983-JONE

JIH.Y

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

1
8
15
22
29 P

227.2
228.0
229.4
230.1
229.2

32.5
30.0

6 P

227.1

29.6

31.3
32.4
33.0

LARGE DENOBINATION TIBE DEPOSITS ARE THOSE ISSOED IH AMOUNTS OF £100,000 OR MORE, E7CL0DING THOSE BOOKED H? INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOBINATION TIRE DEPOSITS AT COBHERCIAL BANKS LESS LARGE TIME HELD BT HONET PAPKE* HtfTWJiL FUNDS AND THRIFT INSTITUTIONS.
TERH RPS ARE THOSE WITH ORIGINAL HATORITT GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERH EURODOLLARS ARE THOSE WITH ORIGINAL HATORITT GREATER THAN ONE DAT EXCLUDING TROSF HELP BT DEPOSITORT INSTITOTIONS AND
HONET flARKBT HUTOAL FUNDS.
INCLUDES 0. S. TREASURT BILLS AND COUPONS WITH PEHAINING BATOPITT OF LESS THAN 18 BONTHS HELD BT OTHFR THAW DFPOSITORT INSTITUTIONS, P.R. BANKS, AND BONET MARKET BUTUAL PUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL TNSTITftTTOMS, THE FEDERAL HOHfl LOAN BAHK
STSTEH, AND HONET BARKET BUTUAL FUNDS.
TOTAL COBBERCIAL PAPER LESS COMBERCIAL PAPER HELD BT BONET BARKET BUTUAL FUNDS.




H.6(508)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
Othe ' checkable dei>osits

0demand deposi
Date

Currency

1

Travelers
cheeks2

at member
banks3

at domestic
banks

4

at foreignrelated
banking
offices
in the U.S »

total6

at
commercial
banks 7

at thrift
institutions8

Overnight
total

Overnight ]
Eurodollars

126.3

4.7

149.2

76.1

3.7

230.7

69.2

18.0

87.2

32.8

7.S

JULY
AOG.
SEPT.

129.8
130.1
130.2

1.9
l1.9
11.7

151.0
150.1
152.5

77.4
76.2
77.0

3.7
3.7
3.9

231.7
229.6
232.9

69.3
70.7
73.4

18.*
19.1
19.9

87.9
93^3

33.3
34.0
34.1

8.5
8.4
7.%

OCT.
ROY.
DEC.

131.3
132.7
135.2

I1.4
i1.2
t1.0

155.7
158.0
163.3

78.3
79.3
81.0

4.0
3.9
3.9

237.6
240.6
247.7

76.1
79.2
81.0

21.2
22.3
23.1

97.3
101.5
104.0

37.%
38.5
38.5

6.5
6.?
5.8

1983-JAH.
FEB.
HAR.

133.2
133.7
135.4

] 1. 1

1.9

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

160.1
157.4
160.2

79.0
77.5
78.7

3.8
3.7
3.7

242.4
238.2
242.2

90. «
88.7
90.7

29.5
29.5
30.3

120.2
118.2
121.0

42.5
47.2
47.5

8.1
9.1
9.3

1982-JOHE

137.4
138.9
140.4

APR.
HAY
JORB P

11.3
41.4
1I.S

11.9

REEK ERDIRG:
1983-JOHB

1
8
15
22
29 P

139.3
141.2
140.7
140.3
139.4

157.1
161.2
162.4
159.6
156.0

77.2
80.4
79.6
78.0
76.2

3.6
3.7
3.7
3.7
3.8

237.5
244.9
245.3
240.9
235.6

88.9
92.5
92.0
90.2
86.1

29.*
31.2
30.5
30.1
29.4

118.5
123.7
122.5
120.3
117.5

48.1
45.9
48.3
47.8
48.1

9.8
8.6
8.6
9.4
10.6

JOLY

6 P

143.3

166.0

81.7

3.8

251.0

93.0

31.3

124.2

46.6

4.1

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

C0RRBHCY OOTSIDE THE O . S . TREASOBY, F . I . BARKS ARD TUB ?MILTS OF CORBBRCX1L BARKS.
EXCLUDES TBB BSTIHATBD AHOtTRT OP fAOLT
CASB HELD BT THRIFT IHSTITOTIORS TO SERfXCB TBBIR OC» L I A B I L I T I E S .
O0TSTAR0IHG AROOHT OP O . S . DOLLAR-DBBOBIBATE* TRAfBLBRS CHECKS OP VORBARR I S S 9 B R S .
DBHARD DEPOSITS OTHER THAR THOSE DVB TO DORBSTIC BARKS9 T«B R . S . OOfBRHRBHT ABD PORSIGR BARKS ARD OFFICIAL IRSTI*tlTIORS LESS
CASH ITEHS IR THE PBOCESS OF COLLBCTIOR ABB P . P . FLOAT i t HBHBBR BARKS OP TUB PBHBBAL PBSRRfB STSTRH.
DEHARD DEPOSITS OTHEB THAR THOSE DOB TO DOBBSTIC BABKS# T I B I . S . COfBHRHRRT ARD FORBIGH BARKS ARD OFFICIAL IRSTITOTIORS LBSS
CASH ITBHS IR THE PROCESS OF COLLBCTIOR AT RORRBHBB1 BARKS.
DEPOSITS AS DESCRIBED IB FOOTROTB 4 AT ACBRCIBS ABB RRARCRRS OP P0RBI6B BARKS, BDGF ACT CORPORATORS ARD FORFIGH IRfBSTRlRY
COHPARIBS.
EQUALS SDH OP THREE PREflOOS COHPORERTS LESS THB BSTIHATRD AROORT OF DRRARD DEPOSITS HELP A* COHHBRCIAL BARKS BT THBIFT
IRSTITOTIORS TO SERflCE THEIR OCD L I A B I L I T I R S .
ROR ARD ATS BALARCES AT COHHERCIAL BARKS, BBARCHRS ARD ACBRCIBS OF PORKIGR BARKS, ARD EIKSF ACT CORPORATIONS.
RON ARD ATS BALARCES AT SAVIRGS BRD LOAR ASSOCIA*IORS ARD ROTOAL SAflRGS BARKS, CREDIT ORIOR SHARE DPAF+ BftLARCBS, ABD
DKHAHD DEPOSITS AT THRIFTS.
IRCLODES OftRRIGHT ARD COHTIHIIIRG CORTRACT RPS I*SOR!> BT CORHftRCTAL BARKS TO OTHER THAR DEPOSITORY IKSTI*0*TOBS ARD HOR*Y
MARKET F1OTUAL FORDS (GENERAL PORPOSE AND B* OKB*/DEALER) .
ISSUED BT POREIGH (PRINCIPALLY CARIBBEAH ARD LOR HOW) BRARCHBS OF t f . S . BARKS TO U . S . RRSIDFR*S OTHK» TfllW DFPOSTTORT
INSTITUTIORS ARD fiORET HARKET ROTOAL FHRDS (GRRERAL PflRPOSR A«f* RRORRR/DEALPR).




H.6 (508)
Table 3A—continued

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

6
Savings deposits1

Money market deposit accounts
Date

Small denomination time deposits^

Large denomination time deposits 3

at
commercial
banks

at
thrift
institutions

total

0.0

0.0

0.0

160.1

188.5

348.6

376.9

484.5

861.4

263.8

59.7

323.5

JOLT
AUG.
SEPT.

0.0
0.0
0.0

0.0
0.0
0.0

0.0
0.0
0.0

159.9
159.3
159.7

188.7
187.5
188.5

348.6
346.8
348.2

383.0
387.4
389.7

488.7
489.2
489.3

871.6
876.6
679.0

267.5
271.9
272.7

59.9
61.0
62.2

327.4
332.9
334.9

OCT.
NOV.
DBC.

0.0
0.0
26.5

0.0
0.0
16.8

0.0
0.0
43.2

163.0
165.0
161.8

194.8
198.3
195.0

357.8
363.4
356.7

388.3
387.1
380.2

487.0
484.5
473.6

£75. 3
871.6
853.9

275.0
274.6
270.0

64. 1
66.3
66.5

339.1
340.8
336.5

1983-JAN.
FEB.
NAB.

11(1.2
163.3
18 5.8

74.9
114.5
134.6

189. 1
277.7
320.5

150.3
143.5
142.1

184.4
181.0
181.1

334.7
324.5
323.2

356.3
339.3
329.2

442.3
419.2
408.5

798.f
758. S
737.7

250.4
238.7
233.4

63.8
63.9
65.5

314.2
302.6
298.9

198.0
207.6
215.0

143.2
149.2
152.3

341.2
356.8
367.3

141.9
141.7
141.4

182.4
182.9
184.9

324.3
324.6
326.3

322.7
320.5
321.0

405.9
402.3
402.9

728.6
7?2.7
723.9

229.2
225.4
226.1

68.9
72.6
74.8

2^8.1
2^8.0
300.9

1
8
15
22
29 P

212.2
214.3
215.3
215.3
215.3

151.5
152.6
152.6
152.3
151.8

363.7
366.9
367.9
367.6
367. 1

141.4
142.1
141.8
141. 1
140.7

319.9
320.1
320.6
321.2
322.0

227.1
226.6
226.4
225.9
225.6

6 P

216.0

151.9

367.9

141.9

323.4

223.5

1982-JONE

APB.
HAT
JONE P

at
commercial
banks

at
thrift
institutions

total

at
commercial
banks

at
thrift
institutions

totai

at
commercial
banks4

total5

at
thrift
institutions

WEEK ENDING
1983
JONE

JULY

1/
2/

SAVINGS DEPOSITS EXCLUDE HNDAS.
_ n _ ___
mmng.
SHALL DENOMINATION TIME DEPOSITS — INCLODING RETAIL RPS — ARE THOSE ISSOED IN AHOONTS OF LESS THAN $ 1 0 0 , 0 0 0 . ALL
INDIVIDOAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS APE SfTBTRACTED FROM SMALL

3/

LARGE^ENOMINATION TIME DEPOSITS ARE THOSE ISSOED IV AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE, ETCLnDING *ROSE BOOKED AT INTERNATIONAL

4/

LARGENDENOMINATION TIME^DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BT MONFT MARKET MUTUAL FUNDS AND *HBI»T

5/

TOTAL LARGE DENOMINATION TIME DEPOSITS EXCEEDS SOM OF THREE PREVIOUS COLUMNS BT SflCH DEPOSITS AT CREDIT ONIONS.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
7

Billions of dollars, not seasonally adjusted
TermRP's
Date

at
commercial
banks

total

Term
Eurodollars 2

Savings
bonds

Short-term
treasury
securities 3

Bankers
acceptances

Commercial
paper 5

84.7

67.4

197.0

4UU

116. 1

11.8
11.6
11.8

34.5
37.0
36.4

83.7
80.9
80.6

67.4
67.5
67.5

108.7
109.1
199.2

41.3

40.9
41.8

118.0
114.7
112.0

26.0
27.8
28.2

11.7
11.6
12.1

37.7
39.4
40.3

R1.1
79.5
80.1

67.7
68.0
68.2

206.8
212.5
216.8

43.4
43.9
45.1

111.5
108.2
109.2

27.9
28.6
29.4

12.6
12.2
12.3

40,6
40.8
41.7

81.2
83.8

68.4
68.5

221.3
225.5

45.4
43.5

114.1
116.6

30.3
32.5
31.6

12.4
12.6
12.5

42.7
45.1
44.1

JULY
AUG.
SEPT.

22.7
25. H
24.6

OCT.
NOV.
DEC.
1983-JAN.
FEB.
MAR.
APR.
HAY
JONE P

at
thrift
institutions

36.3

24.6

1982-JUNE

1

11.7

WEEK ENDING:
1983-JONE

JULY

1/
2/
3/
4/
5/

8
15
22
29 P

32.5
30.0
31.3
32.4
33.0

6 P

29.6

1

TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTPACS AND PRTAIL PPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATEP THAN ONE DAY EXCLUDING THOSF HELD B* DEPOSITORY INSTITUTIONS ANT)
HONEY MARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HF.LO BY OTHER THAN DEPOSITOPY INSTITUTIONS, F. R« BANKS, AND MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS. F.R. BANKS, FOREIGN OPFICIAL INSTITUTIONS, THE FEDERAL HOMF! LOAN BANK
SYSTEM, AND HONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNT>S.




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

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 Keogh Accounts

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

commerical
banks

thrift
institutions

money
market
mutual funds

total

9.4

2.4

9.6

3.2

3.3

7.5

14.0

1.0

14.7

23.8

3.9

42.5

JOLT
AUG.
SEPT.

9.6
8.6
8.. 4

2.5
2.3
2-0

9.9
9.7
9.4

2.5
2.3
3.3

3.3
3.3
3.8

5.7
5.8
9.0

11.6
11.4
16. 1

0.9
1.0
1.1

15.2
15.6
16.0

24.5
25.1
25.8

1. 1
1.2
1.3

43.8
44.9
46.2

OCT.
HOV.
DEC.

8.4
8.. 4
8.6

2.2
1.9
2.1

9.2
9.2
9.0

2.5
2.6
2.9

3.2
3. 1
3.2

13.8
5.3
7.9

19.5
10.9
14.0

1.1
1.1
1.1

16.6
17.2
17.9

26.6
27.1
27.7

1.4
1.6

47.6
48.8
50.1

19 8 3 - J A N FEBHAR.

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
o.q
1.0

19.3
20.7
22. R

28.8
29.7
31.3

1.7
1.8
1.9

52.8
55.2
59.0

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

i.i
0.9
0.8

26.2
27.3
27.9

33.6
34.9
35.5

5.2
5. 4e
5.5e

1
8
15
22
29 p

8.9
8.0
8.0
8.2
8*5

2.0
1.R
2- 1
2..0
2..0

7.5
7.6
7.7
7.7
7.7

2-0
3.9
3.9
3.7
2.3

2.9
2.6
3.1
3.8
3.9

3.1
4.0
2.7
13.2
19.2

8.0
10.5
9.8
20.. 7
25.3

0.8
0.8
0.8
0.9
0.9

6 p

8.8

2.2

7.6

3.1

4.5

18.9

26.4

O.ft

1982-JUNE

APR.
HAT
JOHE P
SEEK EHDIHG:
1983
JOHE

JOLT

E=ESTIMATED




65.1
67.6e
68.9e

Supplementary Table 2
Levels and Annual Growth
Rates of Ml Using Current*- and Experimental
Alternative^ Seasonal Adjustment Procedures
(Monthly average)

Levels in billions
of dollars
Current
Experimental
Alternative

Annual growth
rates in percent
Experimental
Current
Alternative

1982 - June

453.4

453.3

2.7

2.7

July

454.4

452.0

2.6

-3.4

August

458.3

456.8

10.3

12.7

September

463.2

462.8

12.8

15.8

October

468.7

468.0

14.2

13.5

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

512.0

511.0

10.9

8.0

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 statistical 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 effects, within-month seasonal variations, holiday effects, outlier adjustments, special events adjustments, and serially correlated noise components.




SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks
May 25, 1983, and June 29, 1983
(not seasonally adjusted)1
Liability Categories

Amount Outstanding
May 25
June 29P
22,488
23,373
(339)
(400)

Super NOW accounts
(standard error of the estimate)2
Money market deposit accounts3

210,097

215,295

Insured Commercial Banks
Average Rate Paid
May 25
June 29P
7.13
7.29

Number of Issuing Banks
June 29P
May 25
11,812
12,316

8.06

8.28

12,735

12,618

7- to 31-day money market certificates^
(standard error of the estimate)

5,111
(585)

5,047
(558)

8.06

8.99

7,280

7,052

91-day money market certificates5
(standard error of the estimate)

5,523
(222)

5,757
(231)

8.36

8.99

12,895

12,897

6-month money market certificates0
(standard error of the estimate)

177,792
(1,944)

177,956
(3,097)

8.62

9.34

14,132

14,105

90,424
(1,838)

90,132
(1,794)

9.45

9.82

12,768

13,008

8,957

10,942

9.76

10.09

N.A.

N.A.

27,483

28,138

9.58

9.90

N.A.

N.A.

7.66

8.25

4,226

4,091

1-1/2 year and over variable celling
certificates7
(standard error of the estimate)
2-1/2 year ceiling-free time deposits®
All IRA/Keogh Plan Deposits

9

Retail repurchase agreements10
(standard error of the estimate)

2,157
(333)

Liability Categories

2,045
(339)

Amount Outstanding^
June 29P
May 25
845
924
(7)
(315)

Super NOW accounts
(standard error of the estimate)2
Money market deposit accounts3

35,844
4

36,183

Mutual Savings Banks
Average Rate Paid
May 25
June P
7.33
7.35

Number of Issuing Banks
May 25
June 29
254
265

8.45

8.60

382

392

290
(119)

294
(114)

8.39

8.54

159

151

91-day money market certificates'
(standard error of the estimate)

353
(18)

348
(17)

8.36

9.05

349

351

6-month money market certificates6
(standard error of the estimate)

33,831
(679)

33,657
(664)

8.88

9.36

406

405

1-1/2 year and over variable celling
certificates7
(standard error of the estimate)

25,100
(572)

24,783
(575)

9.81

10.16

396

395

1,729

2,562

9.99

10.39

N.A.

N.A.

7,744

7,967

9.76

8.9

N.A.

N.A.

8.58

9.13

168

162

7- to 31-day money market certificates
(standard error of the estimate)

2-1/2 year ceiling-free time deposits8
All IRA and Keogh plan deposits

9

Retail repurchase agreements10
(standard error of the estimate)

421
(122)

541
(189)

N.A. - Data not available.
1. Estimates are bated on data collected by the Federal Reserve from a stratified random *m&0 of about 550 banks
and 90 mutual savings banks.
2. Super NOW accounts are NOW accounts containing an agreement between depositor and depository such that, provided
certain conditions—including a $2,500 minimum balance—are met, some or all funds deposited are eligible to earn
more than 5.25 percent.
3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 initial and average balance requirement, no
required minimum maturity but institutions moat reserve the right to require at least seven day's 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 celling applies;
such accounts may allow up to six transfers per month, no more than three of which may be draft and may permit
unlimited withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on
data collected by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks
and 400 mutual savings banks.
4. 7- to 31-day money market certificates are nonnegotlable time deposits that require a minimum daily balance of
$2,500, 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.
5. 91-day money market certificates are negotiable or nonnegotiable time deposits issued in denominations of at
least $2,500, but less than $100,000, with original maturities of exactly 91 days for which the maximum permissible rate of interest on new deposits ia tied to the discount yield on the most recently issued 91-day (13-week)
Treasury bill (auction average).
6. 6-month money market certificates (MMCs) are nonnegotlable time deposits in denominations of $2,500, 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).
7. This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination
issued between July 1 and December 31, 1979, all 2-1/2 year and over variable ceiling accounts issued between
January 1/ 1980, and March 31, 1983, and all 1-1/2 year variable ceiling accounts authorised beginning April 1,
1983.
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 offered between May 1, 1982, and March 31,
1983, and all 2-1/2 year ceiling-free time deposits authorized beginning April 1, 1983. Excludes IRA/Keogh
accounts.
9. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate paid.
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.
NOTE: See table 1.16 in the Federal Reserve Bulletin for regulatory ceiling rates on specific account categories.