Full text of H.6 Money Stock Measures : July 2, 1982

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FEDERAL RESERVE statistical release
For Release at 4:10 p.m. EST

H.6 (508)
Table 1

JULY

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
M1

Date

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

Addenda:

Overnight RPs
at commercial
banks plus
overnight
Eurodollars2
NSA

M2
M1 plus
Money market
overnight RPs and
mutual fund
Eurodollars, MMMF
balances
balances (gen. pur.
(general purpose and broker/dealer),
and broker/dealer)
and savings
and small
time deposits3
NSA

M3
M2 plus large
time deposits,
term RPs
and institution
—only MMMF
balances4

2 , 1982
L
M3 plus other
liquid assets5

429.2
428.4

40.9
42.9

98.8
102.9

1732.4
1740.9

2065.2
2082.1

2483.1
2506.6

JULY
AUG.
SEPT.

429.4
431.1
431.2

42.3
43.1
39.6

112.8
122.2
130.6

1753.7
1772.4
1778.3

2102.5
2126.0
2138.1

2530.4
2559.7
2577.2

OCT.
NOV.
DEC.

432.9
436.4
440.9

36.2
36.9
38.1

137.3
144.9
151.2

1789.5
1809.9
1822.7

2151.1
2174.7
2188.1

2600.0
2629.3
2642.8

1982-JAN.
FEB.
HAR.

448.6
447.3
448.3

43.2
42.9
43.0

154.9
156.0
159.2

1841.3
1848.0
1865.2

2204.3
2215.0
2235.8

2666.1
2698.8

APR.
HAY

452.3
451.5

40.4
42.7

161.9
164.3

1880.7
1897.5

2258.1
2278.5

5
12
19
26

450.3
452.9
451.5
451.4

43.2
42.7
44.4
41.3

161.6
162.8
164.4
166.0

2
9
16 P
23 P

453.3
454.9
452.1
449.9

42.1
41.2
42.3
43.3

166.8
168.7
168.9
169.0

1981-MAY
JUNE

WEEK ENDING:
1982-NAY

JUNE

1/

AVERAGES OF DAILY FIGURES FOB (1) CUBR2NCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS
OF COHHERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND 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 (NOI) AND AUTOMATIC TRANSFER
SERVICE (ATS) ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS (CUSD), 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 TO SERVICE
THEIR OCD LIABILITIES.
2/ OVERNIGHT (AND CONTINUING CONTRACT) BPS ARE THOSE ISSUED BY COHHERCIAL BANKS TO OTHER THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BBOKER/DEALER) , AND OVERNIGHT
EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
3/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS — INCLUDING RETAIL RPS — IN AMOUNTS
OF LESS THAN $100,000) ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. H2 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.
4/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF
$100,000 OR MORE, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, HONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. M3 HILL 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 HONEY MARKET MUTUAL FUNDS.
5/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORT-TERM TREASURY
SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERN EURODOLLARS NET OF MONEY MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-REEK CHANGES IN
HONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.




H.6(508)
Table 1A

MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonally adjusted
M1

Date

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

M2
Mt plus
Money market
overnight RPs and
mutual fund
Eurodollars, MMMF
balances (gen. pur.
balances
and broker/dealer),
(general purpose
and broker/dealer)
and savings
and small
time deposits3
NSA

Addenda:
Overnight RPs
at commercial
banks plus
overnight
Eurodollars 2

NSA

M3
M2 plus large
time deposits,
term RPs
and institution
-only MMMF
balances4

L
M3 plus other
liquid assets5

423.2
427.6

40.9
42.9

98.8
102.9

1724.0
1739.2

2055.7
2076.5

2476.3
2501.8

JULY
AUG.
SEPT.

432.1
430.4
431.5

42.3
43.1
39.6

112.8
122.2
130.6

1756.1
1766.9
1775.7

2098.4
2115.4
2132.4

2522.0
2544.2
2568.3

OCT.
NOV.
DEC.

434.5
439.7
451.2

36.2
36.9
38.1

137.3
144.9
151.2

1793.3
1809.6
1829.4

2152.6
2175.6
2199.9

2598.5
2628.5
2653.8

1982-JAN.
FEB.
MAR.

453.4
437.2
440.0

43.2
42.9
43.0

154.9
156.0
159.2

1849.2
1842.9
1861.9

2217.2
2216.0
2237.4

2680.4
2707.0

APR.
NAT

455.5
445.1

40.4
42.7

161.9
164.3

1887.9
1888.8

2266.1
2268.6

5
12
19
26

447.4
448.3
*45.3
438.7

43.2
42.7
44.4
41.3

161.6
162.8
164.4
166.0

2
9
16 P
23 P

448.2
456.1
455.4
447.2

42.1
41.2
42.3
43.3

166.8
168.7
168.9
169.0

1981-MAY
JUNE

SEEK ENDING:
1982-HAY

JUNE

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6(508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
Percent change at seasonally adjusted annual f t —

Date

M1

M2

M3

MAY FROM:
FEB.

1982

(3 MONTHS PREVIOUS)

3.8

10.7

11.5

NOV.

1981

(6 MONTHS PREVIOUS)

6.9

9.7

9.5

MAY

1981

(12 MONTHS PREVIOUS)

5.2

9.5

10.3

FOUR WEEKS ENDING: JUNE 23, 1982
F?OH FOUR WEEKS ENDING:
MAR.

24, 1982 (13 WEEKS PREVIOUS)

4.0

DEC.

23, 1981 (26 WEEKS PREVIOUS)

5.7

JUNE

24, 1981 (52 WEEKS PREVIOUS)

5.6




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

Overnight
Other
checkable
RPs5
4
deposits
NSA

Overnight
Eurodollars6
NSA

Savings deposits
at
commercial
banks

at
thrift
institutions

total

Small denomination
time deposits7
at
at
total
commerthrift
cial
institubanks
tions

Money market
mutual fund balances8
general
purpose institution
only
and broker/
dealer

119.4
119.7

4.2
4.2

240.4
237.7

65.2
66.7

34.5
36.5

6.5
6.4

170.9
168.0

202.6
198.8

373.5
366.8

318.5
324.2

477.3
481.3

795.8
805.5

98.8
102.9

19.5
20.1

JOLT
AUG.
SEPT.

120.5
120.7
121.1

4.2
4.3
4.3

236.7
236.6
234.7

68.1
69.5
71.2

35.4
35.3
32.7

6.9
7.8
6.9

165.0
160.5
157.5

196.0
190.4
185.6

361.0
350.9
343.1

329.3
339.2
345.9

484.7
491.6
493.8

814.0
830.8
839.7

112.8
122.2
130.6

21.6
23.3
26.6

OCT.
MOV.
DEC.

121.3
121.8
123.1

4.3
4.3
4.3

235.7
235.7
236.4

71.6
74.7
77.0

30.2
30.4
31.4

5.9
6.5
6.7

155.3
156.4
157.0

184.3
184.5
186.6

339.6
340.9
343.6

352.3
357.4
357.3

497.5
499.4
497.4

849.8
856.8
854.7

137.3
144.9
151.2

29.4
32.0
33.7

1982-JAN.
PEB.
RAB.

123.8
124.6
125.1

4.3
4.3
4.4

239.3
234.6
233.0

81.1
83.8
85.7

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
348.6
350.7

358.6
363.4
371.0

493.7
496.0
499.0

852.3
859.4
870.0

154.9
156.0
159.2

32.5
30.5
31.5

APR.
HAT

126.3
127.4

4.4
4.5

233.0
232.6

88.6
87.0

34.6
35.8

5.8
6.9

160.7
160.5

189.9
190.4

350.5
350.9

379.9
386.5

501.7
507.6

881.6
894.1

161.9
164.3

31.5
32.8

1981-HAT
JONE

WEEK ENDING:
1982-HAY

JONE

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

5
12
19
26

126.7
126.9
127.4
127.7

231.5
234.2
233.1
232.1

87.6
87.4
86.5
87.1

36.1
36.0
37.4
34.5

7.1
6.6
7.0
6.8

160.4
160.5
160.4
160.5

383.8
385.5
386.6
387.7

161.6
162.8
164.4
166.0

31.6
31.8
32.5
33.9

2
9
16 P
23 P

128.3
128.3
128.4
128.4

232.8
232.8
231.6
230. Q

87.6
89.3
87.6
87.0

34.8
35.1
35.8
35.7

7.4
6.0
6.5
7.6

160.5
160.8
160.2
159.4

388.3
388.8
390.6
392.5

166.8
168.7
168.9
169.0

34.2
34.0
33.5
33.9

CURRENCY OUTSIDE THE U.S. TREASURY, P.R. BANKS AND 7AULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED AMOUNT OP ?AULT CASH
HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NOHBANK ISSUERS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN BELATED INSTITUTIONS 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 F.R. FLOAT. EXCLUDES THE
ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
INCLUDES ATS AND NOW BALANCES AT ALL DEPOSITORY INSTITUTIONS, CREDIT UNION SHARE DRAPT BALANCES AND DEMAND DEPOSITS AT THRIFT
INSTITUTIONS* OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS DEMAND DEPOSITS PLUS OCD SEASONALLY ADJUSTED LESS DEMAND
DEPOSITS SEASONALLY ADJUSTED.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND HONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) «,
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL
PUNDS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS ~ ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.
NOT SEASONALLY ADJUSTED.




H.6 (508)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Bimons OT aouars, seasonally aa usxea uniess o i nerwise noiea
Date

• Large denomination time deposits1
at commercial
at thrift
banks2
institutions
total

Term RP$3
at commercial
banks
NSA

at thrift

institutions
NSA

Term 4
Eurodollars
total
NSA

NSA

Savings
bonds

Short-term
Treasury
seeuritiesS

. Bankers
acceptances^

Commercial
paper7

229.3
236.2

278.3
285.6

29.1

49.4

30.0

8.6
8.8

37.7
38.8

57.0
57.9

70.0
69.7

158.2
160.3

35.6
36.4

100.3

JULY
AUG.
SEPT.

243.0
248.5
249.8

50.0
51.3
52.5

293.1
299.8
302.3

28.4
25.8
26.2

8.8
7.5
7.$

37.2
33.4
33.8

58.7
61.0
61.2

69.4
68.9
68.4

161.8
164.1
168.1

37.1
37.3
37.6

100.8
102.4
103.8

OCT.
HOV.
DEC.

248.9
246.8
245.9

53.3
53.7
54.4

302.2
300.6
300.3

25.6
27.8
27.1

7.8
7.8
8.3

33.4
35.6
35.4

63.4
65.5
66.7

67.9
67.7
67.7

176.0
179.9
176.5

37.1
38.1
39.7

104.4
103.7
104.2

1982-JAN.
FEB.
BAB.

247.2
251.4
254.5

55.5
56.6
58.0

302.6
308.0
312.5

23.7
23.8
22.8

8.8
8.8
8.7

32.5
32.5

69.5
73.5

67.8
67.8

179.0
195.3

40.2
39.1

105.4
108.2

APB.
HAY

258.4
262.8

58.7
58.5

317.1
321.3

25.2
23.3

9.0
9.0

1981-HAY
JUNE

49.1

97.1

REEK ENDING:
1982-HAY

JO HE

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

5
12
19
26

260.7
261.5
260.5
264.7

23.0
23.1
22.7
23.5

2
9
16 P
23 P

266.4
267.5
269.0
270.2

24.2
21.9
21.2
22.0

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OR MORE, EICLODlNG THOSE BOOKED AT INTER If ATIOHAL
BANKING FACILITIES (IBFS) .
LARGE DENOMINATION TIHE DEPOSITS AT COHHESCIAL BANKS LESS LARGE TIRE HELD BY HONEY HARKET HUTOAL FONDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE ilTH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY U.S. RESIDENTS OTHER
THAN DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY OTHER THAN DEPOSITORY INSTITUTIONS, F.B. BANKS, AND MONEY HARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOHB LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY HARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

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

Demand deposit s
Date

1981-MAY
JONE

1

Currency

Travelers
checks2

at member
banks3

at domestic
nonmember
banks4

at foreignrelated
banking
offices
in the U.S.5

total6

at
commercial
banks7

at thrift
institutions8

total

Overnight
RPs9

Overnight
Eurodollars10

119.2
119.7

1.1

N3

144.6
145.8

82.8
82.7

8.7
8.8

235.9
237.0

52.5
54.3

11.6
12.2

64.1
66.4

34.5
36.5

6.5
6.4

JULY
AOG.
SEPT.

121.3
121.3
120.8

I.7
1.7
».5

147.6
145.4
145.6

82.1
81.0
81.1

8.1
8.5
8.2

237.6
234.7
234.6

55.7
56.5
58.1

12.9
13.2
13.6

68.6
69.7
71.7

35.4
35.3
32.7

6.9
7.8
6.9

OCT.
NOV.
DEC.

121.2
122.9
125.4

1.3
(» . 1
1.1

151.9
152.4
156.8

80.8
81.4
82.7

4.2
4.0
4.1

236.6
237.5
243.3

58.5
60.6
63.4

13.9
14.6
15.1

72.4
75.2
78.4

30.2
30.4
31.4

5.9
6.5
6.7

1982-JAN.
FEB.
HAB.

123.3
123.0
123.8

1.1
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

82.5
81.4
83.7

35.7
35.6
36.7

7.5
7.3
6.3

APB.
HAY

125.7
127.2

i1 . 2
1.3

152.7
147.7

79.9
77.2

3.9
3.8

236.1
228.2

71.4
67.8

18.1
17.5

89.5
85.3

34.6
35.8

5.8
6.9

HEEK ENDING:

1982-MAY

JONS

1/

5
12
19
26

126.3
127.6
127.1
126.6

149.3
149.1
148.5
144.8

78.3
78.2
77.0
75.3

4.1
3.5
3.7
3.8

231.3
230.4
228.9
223.5

67.9
68.3
67.6
67.1

17.7
17.7
17.4
17.1

85.6
86.0
85.0
84.2

36.1
36.0
37.4
34.5

7.1
6.6
7.0
6.8

2
9
16 P
23 P

127.8
129.5
128.7
128.0

148.1
149.7
151.4
148.1

77.8
79.6
79.0
76.7

4.0
3.6
3.6
3.7

229.5
232.6
233.7
228.1

68.6
70.9
70.3
68.6

17.8
18.7
18.1
17.7

86.4
89.5
88.4
86.3

34.8
35.1
35.8
35.7

7.4
6.0
6.5
7.6

C0RRENCY O0TSIDE THE O.S. TREASURY, F.R. BANKS AND THE VADLTS OF COMMERCIAL BANKS. EXCLODES THE ESTIMATED AMO0NT OF VAULT
CASH HELD BY THRIFT INSTITOTIONS TO SERVICE THEIR OCD LIABILITIES.
2/ OOTSTANDING ANOONT OF O.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSOERS.
3/ DEMAND DEPOSITS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.
4/ DEMAND DEPOSITS OTHER THAN THOSE DOE TO DOMESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS.
5/ DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
6/ EQOALS SON OF THREE PREVIOOS COMPONENTS LESS THE ESTIMATED ANOONT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT
INSTITOTIONS TO SERVICE THEIR OCD LIABILITIES.
7/ NOW AND ATS BALANCES AT COMMERCIAL BANKS.
8/ NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND HOTOAL SAVINGS BANKS, CREDIT ONION SHARE DRAFT BALANCES, AND
DEMAND DEPOSITS AT THRIFTS.
9/ INCLODES OVERNIGHT AND CONTINUING CONTRACT RPS ISSOED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITOTIONS AND HONEY
MARKET MOTOAL FONDS (GENERAL PORPOSE AND BROKER/DEALER)•
10/ ISSOED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO O.S. RESIDENTS OTHER THAN DEPOSITORY INSTITOTIONS AND HONEY MARKET HOTOAL
FONDS (GENERAL PORPOSE AND BROKER/DEALER).




H.6 {508)
Table 3A—continued
CQIi3»CNENTS OF HONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonal
Savings deposits
Date
at eom.Pftrd* i
at savings
at mutual
at
and loans
credit unions
bank*
savings banks
1981-SAY
owns

at commercial
banks

Small denomination time deposits1
at savings
at
at mutual
ami loans
credit unions
savings banks

total

169«4
166.9

10'4.3
102.4

51.1
50.4

45.2
45.2

359.9
365.0

319.5
325.2

367.9
3 70.5

94.8
95.8

14.6
14.9

796.9
806.4

JO L I
AOG.
SSPT.

166.5
162.4
159.0

102.7
99.4
97.2

50.6
49.1
48.2

45.4
44.1
43.6

365.2
355.0
347.9

328.1
336.4
342.9

370.6
373.5
375.9

96.0
96.7
97.4

14,9
15.4
15.9

809.5
822.0
832*1

OCT.
liOV.
DEC.

157.3
156.9
157.2

95.9
95.3
95.4

47.7
47.2
47.5

43.1
42.7
42.8

343.9
342.2
343,0

351.3
354.9
355.8

380.6
380.7
379.5

99.0
99.0
99.0

16.8
17.4
17.3

347.6
851,9
351.7

1982-JAN.
FEB.
HAS.

158.6
157.5
158.4

96.7
95.9
95.9

47.9
47.3
47.2

43.5
43.8
44.6

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

APR,
HAY

159.5
159.0

96.1
95.8

47.1
46.8

45.3
45.8

348.1
347.4

381.4
387.6

387.8
388.0

100.2
100.6

18.8
19.1

888.2
895.3

IEEK ENDING:

1982-HAY

JOVE

1/

5
12
19
26

158.7
159.2
159.2
159.0

384.8
386.5
387.7
389.0

2
9
16 P
23 P

159.0
159.8
159-1
158.3

390.0
390.9
392.3
393.3

SHALL DENOMINATION TIME DEPOSITS -- INCLUDING RETAIL BPS —




ABE THOSE ISSUED IN AHO0NTS OP 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 deposits"!
at mutual
at
at savings
savings
total3
commercial
banks
and loans
banks2

Term RPs*
at
commercial
banks

at thrift

total

Term
Eurodollars 5

Savings
bonds

institutions

Bankers . Commercial
Short-term
Treasury
acceptances^
papers
securities 6

228.2
232.4

43.0
43.1

5.5
5.6

277.3
281.7

29.1

30.0

8.6
8.8

37.7
38.8

57.0
57.9

69.7
69.4

160.8
161.3

35.4
.36.2

97.8
100.6

JULY
AUG.
SEPT.

236.5
243.3
246.3

43.9
45.2
46.1

5.5
5.7
6.2

286.6
294.8
299.1

28.4
25.8
26.2

8.8
7.5
7.6

37.2
33.4
33.8

58.7
61.0
61.2

69.1
68.8
68.5

159.1
161.5
166.6

36.4
36.7
37.4

100.2
100.7
102.3

OCT.
NOV.
DEC.

246.2
248.1
251.2

46.8
47.1
47.8

6.3
6.2
6.0

299.8
301.8
305.4

25.6
27.8
27.1

7.8
7.8
8.3

33.4
35.6
35.4

63.4
65.5
66.7

68.1
68.0
68.1

173.2
176.4
175.2

37.6
38.6
39.4

103.6
104.5
104.6

1982-JAN.
FEB.
HAR.

252.0
257.0
259.6

49.2
50.5
51.2

6.0
6.3
6.1

307.6
314.2
317.4

23.7
23.8
22.8

8.8
8.8
8.7

32.5
32.5
31.5

69.5
73.5

68.1
67.8

179.9
200.4

39.9
39.7

106.0
109.6

APB.
HAY

260.1
261.5

51.3
52.0

6.1
6.0

317.9
320.0

25.2
23.3

9.0
9.0

34.2
32.3

1981-MAY
JUNE

WEEK ENDING:
1982-HAY

JUNE

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

5
12
19
26

258.8
260.1
259.4
264.1

23.0
23.1
22.7
23.5

2
9
16 P
23 P

265.2
264.5
264.5
264.3

24.2
21.9
21.2
22.6

LARGE DENOHINATION TIME DEPOSITS ARE THOSE ISS0ED IN AHO0NTS OF $100,000 OR MORE, EXCLUDING THOSB BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOHINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FONDS AND THRIFT
INSTITUTIONS.
TOTAL LARGE DENOHINATION TIME DEPOSITS EXCEEDS SUM OF THREE PREVIOUS COLUMNS BY SUCH DEPOSITS AT CREDIT UNIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OF TERM EURODOLLARS HELD BY U.S. RESIDENTS OTHER
THAN DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY OTHER THAN DEPOSITORY INSTITUTIONS, F.R. BANKS, AND MONEY MARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPEP HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (506)
Table 4

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

Date

1981-HAY
JONB

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

time and
savings deposits at
commercial banks

10.9
10.6

3.0
3.5

3.3
3.0

9.5
9.1

15.8
15.5

0.8
0.8

2.8
2.8
3.0

9.8
9.4
9.4

2.9
2.8
3.5

3.1
3.2
3.2

7.9
4.7
7.5

13.9
10.7
14.1

0.8
0.7
0.7

12.8
12.6
12.9

2.2
2.4
2.6

9.2
9.0
9.1

2.7
2.8
3.1

3.3
3.1
2.9

10.7
6.9
8.1

16.7
12.8
14.2

0.7
0.7
0.7

1982-JAM.
FEB.
HAH.

11.8
11.5
11.2

2.5
2.3
2.4

8.8
8.6
8.6

3.0
2.9
2.9

4.7
5.5
3.3

11.5
17.2
12.7

19.2
25.6
18.9

0.7
0.8
0.8

APR.
HAT

10.7
11.2

2.1
2.2

8.5
8.6

3.7
2.8

4.5
4.5

10.1
12.7

18.3
19.9

1.0
1.0

5
12
19
26

11.2
11.0
11.2
10.8

2.5
2.2
2.1
2.2

8.5
8.6
8.7
8.7

3.8
2.4
3.1
2.3

9.8
4.7
3.1
3.0

17.1
17.6
12.7
9.4

30.6
24.7
18.9
14.7

1.0
1.0
1.0
1.0

2
9
16 P
23 P

12.0
10.6
11.3
10.9

2.1
2.1
2.3
2.1

8.7
8.7
8.6
8.5

2.4
3;1
4.4

2.8
1.4
3.0
3.7

6.0
5.3
4.1
8.8

11.2
11.8
11.4
16.3

1.0
1.0
.0
.0

12.2
12.9

2.8
3.0

JOLT
AOG.
SEPT.

12.6
12.9
13.5

OCT.
MO?.
DEC.

8BBK B I D I M G :
1982-HAT

JO MB




3.7

SPECIAL SUPPLEMENTARY TABLE
Variable-Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase
Agreements At All Insured Commercial Banks and All Mutual Savings Banks
March 31, 1982 and April 30, 1982 and May 31, 1982
(not seasonally adjusted)!.
Insured Commercial Banks
Mutua L Savings Banks
—
—
"
May 31p
March 31
April 30
March 31
Liability Categories
April 30 | May 31p
Amount outstanding
Amount outstanding
($ millions)
($ millions)
91-day money market certificates*
9
9
9
9
1
1,987
290
(standard error of the estimate)
(89)
(13)
j
231,311
228,008
230,853
50,785
50,540
6-month money market certificates^
49,978
(1,869)
(1,770)
(430)
(1,865)
(standard error of the estimate)
(585)
(530)
2-1/2 year and over variable ceiling
certificates^
(standard error of the estimate)

65,981
(1,473)

69,162
(1,531)

71,305
(1,586)

22,724
(325)

22,917
(353)

23,303
(360)

All Savers certificates^
(standard error of the estimate)

21,375
(384)

22,067
(391)

22,556
(397)

5,254
(68)

5,440
(78)

5,573
(73)

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

l
1

9

9

9

9

9

9

All IRA/Keogh Plan Deposits7

9

9

Ceiling free IRA/Keogh Time
Deposits in:

3,888

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

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)

9
9

9

9

9

41

9

9

9

9

34
(4)
7
(1)

14,381

9

9

5,511

6,511

7,258

493

879

1,011

5,049
(259)
1,462
(194)

5,782
(273)
1,476
(103)

9

7,123
(349)

9

9

255
244
(22)
11
(3)

9

703
(56)
176
(31)

9

836
(55)
175
(18)

4,500
(186)

6,798
6,258
6,402
1,445
1,631
1,497
Retail repurchase agreements^
(564)
(181)
(199)
(483)
(502)
(157)
(standard error of the estimate)
p - preliminary.
1. Estimates are based on data collected by the Federal Reserve from a stratified random sample of about
550 banks and 90 mutual savings banks.
2. 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 91day (13-week) Treasury bill (auction average).
3. 6-month money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000 or
more 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).
4. 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.
5. 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.
6. 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.
7. Ceiling-free IRA/Keogh time deposits of less than $100,000 with original maturities of 1-1/2 years of more,
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.
8. 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.
9. Data not available.




SPECIAL SUPPLEMENTARY TABLE (CONTINUED):

91-day money Market certificates

Insured Commercial Banks
March 31
April 30
Mav 31p
Number of Offering Institutions
12,090
1
1

6-month money market certificates

14,011

2-1/2 year and over variable
ceiling certificates

13,953

All Savers certificates

13,931

Liability Categories

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

1

1

384

13,970

431

431

430

13,572

13,663

431

431

430

13,908

13,972

431

431

430

1

1

1

1

13,988

1
1
1

1
1

3,830
1,394

1
1

1
1

118
67

1

1

1

1

1

1

1

1

1

1

1

1

1
1

11,054
7,916

11,150
8,586

1
1

384
345

364
310

1

1

8,805

1

1

341

4,590
4,903
216
203
220
4?688
Data not available.
Note: Information has recently become available on the total volume outstanding in a l l IRA and Keogh accounts at depository i n s t i t u t i o n s . As of the end of February 1982, outstanding balances in all retirement accounts, regardless of maturity or c e i l i n g - r a t e , was $10,166 million at commercial banks, $5,128 million at mutual savings banks, $14,377 million at savings and loan associations and $352 million at credit unions. As
of the end of March, data indicate that these accounts had increased to $11,660 million at commercial banks,
$5,367 million at mutual savings banks, $15,493 million at savings and loan associations and $447 million at
credit unions, Preliminary information as of the end of April show $13,006 million at commercial banks,
$5,670 at mutual savings banks, $16,313 million at savings and loan associations and $538 million at credit
unions.
Note: See table 1.16 in the Federal Reserve Bulletin for regulatory ceiling rates on specific account categories.

Retail repurchase agreements

1.

Mutua L Savings Banks
March 31
April 30
May 31
Number of Offering Institutions