Full text of H.6 Money Stock Measures : June 18, 1982

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FEDERAL RESERVE statistical release
H.6(508)
Table 1

JUNE 18, 1982

MONEY STOCK MEASURES AND LIQUID ASSETS
3i!lions of dollars, seasonally adjusted unless otherwise noted
M1

Date

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

Overnight RPs
at commercial
banks plus
overnight
Eurodollars2
NSA

1981-HAY
JUNE

M2 K
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

Addenda:*

T>

M3 K

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

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

2483.2
2506.7

JULY
ADG.
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

2530.5
2559.8
2577.4

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

2600.1
2629.5
2642.0

1982-JAN.
FEB.
MAR.

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

2659,4

452.3
451.6

40.4
42.7

161.9
164.3

1880.7
1896.9

2257.9
2277.9

450.3
452.9
451.5
451.4

43.2
42.7
44.4
41.3

161.6
162.8
164.4
166.0

453.0
454.4

41.9
41.2

166.8
168.7

APR.
HAY P
WEEK ENDING:
1982-HAY

JUNE

5
12
19
26
2 P
9 P

1/

AVERAGES OF DAILY FIGURES FOR (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS
OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEHAND 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) OTHEU
CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER OF WITHDRAWAL (NOW) 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 DEHAND 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) RPS ARE THOSE ISSUED BY COHMERCIAL BANKS TO OTHER THAN DEPOSITORY
INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS {GENERAL PURPOSE AND 6ROKER/DEALE£), AND OVERNIGHT
EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY
INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
3/ INCLUDES SAVINGS AND SHALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS -«- INCLUDING RETAIL BBS — IN AMOUNTS
OF LESS THAN $100,000) ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS. M2 MILL DIFFER FBOM 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 MORB, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H3 BILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESiTIHATBD AMOUNT OF OVERNIGHT RPS HELD
BY INSTITUTION-ONLY MONEY 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 TERM EURODOLLARS NET OF MONEY MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING IEEK-TO-IEEK CHANGES IN
MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO fiEVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ARE FINAL.
R — REVISIONS REFLECT THE INCLUSION OF HISTORICAL DATA FOR THREE 6ENERAL PURPOSE AND BROKBB/DBALER MONEY
MARKET MUTUAL FUNDS THAT BEGAN REPORTING IN HAY 1982 THOUGH THEIR OPERATIONS BEGAN EARLIER.




H.6(508)
Table 1A

MONEY STOCK MEASURES AND LIQUID ASSETS
Addenda:11

ran
Date

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

Overnight RPs
at commercial
banks plus
overnight
Eurodollars2
NSA

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

M3R
M2 plus large
time deposits,
term RPs
and institution
-only MMMF
balances4

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

2476.4
2501.9

JOLY
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

2522.1
2544.3
2568.5

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

2598.6
2628.7
2653.0

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

2673.9

455.5
445.2

40.4
42.7

161.9
164.3

1887.9
1888.3

2265.9
2267.9

447.4
448.3
445.3
438.6

43.2
42.7
44.4
41.3

161.6
162.8
164.4
166.0

447.9
455.6

41.9
41.2

166.8
168.7

1981-MAY
JUNE

APR.
HAY P
WEEK ENDING:
1982-HAY

JUNE

NOTE:

5
12
19
26
2P
9 P

SEE TABLE 1 FOR FOOTNOTES.




H.6(508)
Table 2

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

Date
HAY

M1

M2 R

M3 R

FROM:

FEB.

1982

(3 MONTHS PREVIOUS)

3.8

10.6

1U4

NOV.

198t

(6 MONTHS PREVIOUS)

7-0

9.6

9,5

HAT

1981

(12 MONTHS PREVIOUS)

5.2

5.5

10.3

POOR WEEKS ENDING: JUNE 9, 1982
FROM FOUR WEEKS ENDING:
HAH.
DEC.
JUNE

10, 1982 (13 WEEKS PREVIOUS)
9, 1981 (26 WEEKS PREVIOUS)
10, 1981 (52 WEEKS PREVIOUS)




4.4
6.8
5.6

H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, seasonally adjusted unless otherwise noted
Savings deposits
Currency1

Date

Travelers
checks2

Demand
deposits3

Overnight Overnight
Other
RPsSR
Eurocheckable
4
deposits
dollars6
NSA

NSA

at
commercial
banks

at
thrift
institutions

total

Small denomination
time deposits7
at
at
commertotal
thrift
cial .
institubanks
tions

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

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

JULY
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.*

21.6
23.3
2£-6

OCT.
NOV.
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.
FEB.
MAR.

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
34 a. 6
350.7

358.6
363,. 4
37U0

493.7
496.0
499:0

852.3
859.4
870.0

154-9
156.0
159.2

32.5
30.5
31.5

126.3
127.5

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
350.8

379.9
386.2

501.7
507.4

881.6
893.6

161.9
164.3

31.5
32.8

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

383.7
385.3
386.3
387.4

161-6
162.8
164.4
166.0

31-6
31.8
32.5
33.9

128.3
128.2

232.5
232.6

87.6
89.2

34.5
35.1

7.4
6.0

160.3
160.8

387.6
388.2

166.8
168.7

34.2
34-0

1981-HAY
JONE

APR,
HAY P
WEEK ENDING:
1982-HAY

JUNE

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

5
12
19
26
2 P
9 P

CUHBENCY OUTSIDE THE 0.S. TREASURY, F.R. BANKS AND VAULTS OF COMHEBCIAL BANKS. EXCLUDES THE ESTIMATED AMOUNT OF VAULT CASH
HELD BY THHIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHEB 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 DRAFT 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 MONEY
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 MONEY MARKET MUTUAL
FUNDS.
SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — • ARE THOSE ISSUED IN AMOUNTS OF LESS 1THAN $100,000.
NOT SEASONALLY ADJUSTED.




H.6 (508)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Bimons OT aoiiars, seasonally aa usiea unless onlerwise noiea
Large denomination time deposits1 K
Date
at commercial
at thrift
banks2
total
institutions

at commercial
banks
NSA

Term RP$3
at thrift
institutions
NSA

Term 4
Eurodollars
total
NSA

Savings
bonds

Short-term
Treasury
securities^

! Bankers
acceptances^

Commercial
paper7

NSA

229.3
236.2

49.1
49-4

278.3
265.6

29.1

30.0

8.6
6.8

37.7
38.8

57.0
57.9

70.0
69.7

158.2
16Q.3

35.6
36,. 4

37.2
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*6

37.2
33.4
33.8

58.7
61.0
61.2

69.4
68.9
68.4

161.8
164.1
168.1

37.2
37.4
37.6

100.9
102.5
103.9

OCT.
NOV.
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
175.5

37.2
38.1
39,. 8

104.4
103.7
104.3

1982-JAN.
FEB.
HAB.

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
31.5

69.5

67.8

172.4

40,. 2

106,. 2

258.3
262.5

58.7
58.5

317.0
321.0

25.2
23.3

9.0
9.1

34.2
32.4

1981-HAY
JONS

APR.
MAY P
WEEK ENDING:
1982-HAY

JUNE

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

5
12
19
26
2 P
9 P

260.5
261.3
260.3
264. 5

23.0
23.1
22.7
23.5

266.1
267.2

24.3
21.9

LARGE DENOMINATION TINE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $100,000 OB MORE, EXCLUDING THOSE BOOKED AS! INTE£NATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM EPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND R5TAIL 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 PAPEB HELD BY HONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

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

Oth*r checkable

Demand deposits
Date

1981-HAY
JOKE

1

Currency

Travelers
checks2

at member
banks9

at domestic
nonmember
banks4

at foreignrelated
banking
offices
in the U S *

total 6

at
commercial
banks 7

deposits

at thrift
institutions8

total

Overnight
RPs9R

Overnight
Eurodollars^

119.2
119.7

4.1
4.3

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

JOLT
AOG.
SEPT.

121.3
121.3
120.8

4.7
4.7
4.5

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.
NOT.
DEC.

121.2
122.9
125.4

4.3
4.1
4.1

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.
PEB.
HAR.

123.3
123.0
123.8

4.1
4.1
4.2

157.7
147.3
147.5

82.4
77.6
77.2

3.9
3.9
3.8

243.6
228.5
228.2

66.9
65.8
67.4

15.6
15.6
16.4

82.5
81.4
83.7

35.7
3 5.6
36.7

7.5
7.3
6.3

125.7
127.3

4.2
4.3

152.7
147.7

79.9
77.1

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

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

127,8
129.4

148.0
U9.7

77.7
79.4

4.0
3.6

229.3
232.3

68.6
70.8

17.8
18.6

86.4
89.4

34.5
35.1

7.4
6.0

APR.
HAT P
IEEK ENDING:
1982-HAY

JOHE

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




5
12
19
26
2 P
9 P

CURRENCY OUTSIDE THE O.S. TREASURY, P.R. BANKS AND THE VAULTS OP COHHSRCIAL BASKS. EXCLUDES THE ESTIflATSD AflCOKT OP VAJLT
CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
DEMAND DEPOSITS 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 AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEMDEMAND DEPOSITS 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 AT NONMEHBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
EQUALS SUM OF THREE PREVIOUS COMPONENTS LESS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THfilFT
INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
NOtf AND ATS BALANCES AT COMMERCIAL BANKS.
NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AMD
DEMAND DEPOSITS AT THRIFTS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY HABKST MUTUAL
FUNDS (GENERAL PURPOSE AND BROKER/DEALER)

H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
at commercial
banks

Date

at savings
and loans

Savings deposits
at mutual
at
savings banks credit unions

total

at commercial
banks

Small denomination time deposits1
at mutual
at
savings banks
credit unions

at savings
and loans

total

169. 4
166.9

104.3
102.4

51.1
50.4

45.2
45.2

369.9
365.0

319.5
325.2

367.9
370.5

94,8
95.8

14.6
14,9

796.9
806.4

JOLT
AUG.
SEPT.

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.
MO?.
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

847,6
851.9
851.7

1982-JAH.
FEB.
B1E.

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.$

159.5
159.0

96.1
95.8

47.1
46.8

45.3
45.8

348.1
347,4

381.4
387,3

387.8
388.0

100*2
100-5

18,8
19,1

888.1
894.8

1981-HAY
JUNE

APH.
HAT P
•BBK B M 0 I I 6 :
1982-HAY

JOKE

1/

5
12
19
26
2P
9 P

158.7
159.2
159.2
159.0

384.7
386.3
387.4
388.6

158.8
159.7

389,3
390.4

SHALL DBMOHINATIOM TIRE DEPOSITS —




IICL0DING BBTAIL BPS

ABE THOSE ISSOBO II AHOOMTS OP LESS THAi $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 depo5itslR
at
at mutual
commercial at savings
savings
total3
bank$2
and loans
banks

Term RPs<
at
commercial
banks

Term
at thrift
institutions

• Bankers . Commercial

total

Eurodollars 5

Savings
bonds

Short-term
Treasury
securities 6

acceptances7

papers

232.4

43.0
43.1

5.5
5.6

277.3
281.7

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

100.7

JDLT
AUG.
SBPT.

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

36.5
36.8
37.4

100.3
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
174.3

37.7
38.7
39.5

103.7
104.5
104.7

1982-JAN.
FEB.
BAR*

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

68-1

173.2

39.9

106.1

259.9
261.3

51.3
52.0

6.1
6.0

317.7
319.7

25.2
23.3

9.0
9.1

34.2
32.4

1981-MAT
JO MB

228.2

APE.
HAT P

29.1

9?. 8

SEEK BNDIHG:
1982-HAT

JUNE

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

5
12
19
26
2 P
9 P

258.6
259.9
259.3
263.9

23.0
23.1
22.7
23.5

264.9
264.3

24.3
21.9

LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,000 Ofi MORE, EXCLUDING THOSE BOOKED A3 IUTERIAXIOMAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIHB DEPOSITS AT COHHERCIAL BANKS LESS LABGB TIHE HELD BI HONBT BASKET HOIUAL PONDS AND THRIFT
INSTITUTIONS,
TOTAL LARGE DENOMINATION TIHE DEPOSITS EXCEEDS SON OF THREE PREVIOUS COLUHNS BT SUCH DEPOSITS AT CREDIT ONIONS.
TERH RPS ARE THOSE WITH ORIGINAL HATURITT GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE BITH ORIGINAL HATURITT GREATER THAN ONE DAT NET OF TERH EURODOLLARS HELD BT U.S. RESIDENTS OTHEfi
THAN DEPOSITORT INSTITUTIONS AND HONET HARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURT BILLS AND COUPONS BITH REMAINING HATURITT OF LESS THAN 18 HONTHS HELD BT OTHER THAN DEPOSITORY INSTITUTIONS, F.R. BANKS, AND HONET HARKET MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FED.ERAL HOHE LOAN BANK
STSTEH, AND HONET HARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BT HONET HARKET HUTUAL 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

12.2
12.9

2.8
3.0

JOLT
AUG.
SfePT.

12.6
12.9
13.5

2.8

9.8

2.8
3.0

9.4
9.4

2.8
3.5

OCT.
NOV.
DEC.

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

1982-JAN.
FEB.
WAR.

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

10.7
11.2

2.1
2.2

8.5
8.6

3.7
2.8

11.2
11.0
11.2
10.8

2.5
2.2
2.1
2.2

8.5
8.6
8.7
8.7

12.0
10.6

2.1
2.1

8.7
8.7

1981-HAY
JO HE

APR.
HAT P

10.9
10.6

total demand
deposits and
note balances

time and
savings deposits at
commercial banks

3.0
3.5

3.3
3.0

9.5
9.1

15.8
15-5

0.8
0.8

2.9

3.1

7.9

13.9
10,. 7
14.1

0.7
0.7

16-7
12.8
14.2

0.7
0.7
0.7

17,. 2
12.7

19.2
25.6
18.9

0.7
0.8
0.8

4,5
4.5

10.1
12.7

18.3
19.9

1.0
1.0

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

2.4
3.1

2.8
3.4

6.0
5.4

11.2
11.9

1.0
1-0

3.2
3.2

4.7
7.5
6.9
8.1

0.8

iEBK ENDING:
1982-HAY




JONE

5
12
19
26
2 P
9 P

SPECIAL SUPPLEMENTARY
Variable Ceiling T:^e Deposits, All Savers C e r t i f i c a t e s ,
ind Ret.iii. R e p u r c h - i s e
A g r e e m e n t s \ t - \ l l T n s - . i r j - i " o ^ m e r c i a l ^ a n k s -md A l l ' - i t - i a l i a v i ; ; ? s l a n k s
M a r c h 3 1 , 1^32 a n d A p r i l 3 0 , 1 9 3 2 and May 3 1, 1 9 3 2
(not seasonally adiust.^d)^

Insured Commercial Banks .'.
March 31 I April 30 , T ' Mav 31p
Amount outstand ing
($ millions)

Liability Categories

•

91-day money market cert ificates^
(standard error of the estimate)

9

6-month nionev -narket certificates-^
(standard error of the estimate

I
I

'

9

I

'

-

I

—

|i

Mutual Savings,.Banks
I "'March '31"'" I" . April 30
May 31p
.Amount outstanding
($ millions)

1,988
(89)

1

••

i

'

9

231,344
228,008
I 230,853
(1,871)
(1,770) | (1,865) i

50,785
(430)

J

-i i "

7'i

'••.

1
1
1

9

1

50,540
(585)

290
(13)

1
I 5 0 ,010
(541)
1
I
1

2-1/2 year and over variable ceiling
certificates 4
(standard error of the estimate)

65,981
|
(1,473) I

69,162
(1,531)

!
!

71,310
(1,587)

22,724
(325)

22,917
(353)

1
I 2 ,303
2
(360)
!
i

All Savers Certificates^
(standard error of the estimate)

21,375
1
(384) I

22,067
(391) 1

22,591
(397)

5,254
(68)

5,440
(78)

1
1 5 ,573
(73)
1
1
i

9

Ceiling-free time deposits in:"
Fixed-rate accounts
(standard error of the estimate)

9

1

9

Variable-rate accounts
(standard error of the estimate)

9

1

9

9

1

9

All IRA/Keogh Plan Deposits 7

3,888

Ceiling free IRA/Keogh Time
Deposits in:

264

9

I

!

!

9

9

I

41

1
1

34
(4)
7
(1)

1
1

252
(27)

9

9

12
(3)

9

9

1
1
i

9

9

1

5,501

379

1
I
|
i

1,014

14,368

6,511

7,215

493

1
1

1
1
1

Fixed-rate accounts
(standard error of the estimate)

9 1

5,049
!
(259) i

5,720
(271)

Q

703
(56)

1
!

Variable-rate accounts
(standard error of the estimate)

9 1

1,462
(194)

1,495
(103)

g

176
(31)

1
1

830
(56)

i

i

184
(19)

ii
All Other IRA/Keogh time and
savings deposits
(standard error of the estimate)

9 1

Retail repurchase agreements
(standard error of the estimate)

6,258
I
(433)

9

7,153
(348)

9

9

9

1
I
1

4,487
(186)

I
1

1,631
(199)

i
i

Number of Offering Institutions

Number oi" Offering Iristitutions
91-day money Market Certificates

1,497
(181)

1,445
(157)

6,809
(564)

6,402
(502)

9

9

9

12,175

1
1

384

i
i

13,970

431

431

13,572

13,577

431

431

13,931

13,908

13,972

431

431

9

9

9

9

9

Fixed-rate accounts

9

9

3,803

9

9

Variable-rate accounts

9

9

1,360

1

9

9

9

9

1

1

9

9

9

Fixed-rate accounts

I

9

11,054

Variable-rate accounts

1

9

All Other IRA/Keogh time and savings
1
deposits

9

I

4,688

6-month monev market certificate

14,011

2-1/?. year and over variable
ceiling certificates

13,953

All Savers Certificates

All IRA and Keogh Plan deposits

Retail repurchase agreements
Footnotes on next page.

430

i

1
1
i
1
1
I
1
I
1

430

9

I
1

67

9

9

1

9

9

11,092

1

9

384

7,916

8,556

1

9

345

9

8,905

!

9

9

4,931

j

216

1
1
1
1
1
I
1
1
1
I
1
1
i
!

4,590

i

!

1



i

i

Ceiling-free IRA/Keogh Time
deposits in:

Ceiling-free IRA/Keogh time
deposits in:

13,988

203

430

9
118

9

9
363
309

341
220

p-oreli'ninary.
1. Estimates for May are based on data collected by the Federal Reserve from a stratified random sample of
550 banks and 93 mutual savings banks.
2. 91-day money market certificates are negotiable or nonegotiable 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
permissable 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-raonth 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 af 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 Sy, the U.S. Government or an agencv thereof.
9. 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 $13,008 million at commercial banks, $6,011
at mutual savings banks, $16,310 million at savings and loan associations and $538 million at credit unions.
Note: See table 1.16 in the Federal Reserve Bulletin for specific rates on a l l variable c e i l i n g accounts.