Full text of H.6 Money Stock Measures : May 13, 1983

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;0fcow'-..

FEDERAL RESERVE statistical release
For R e l e a s e at 4:15 p.m. EST

H 6 (508)

Table 1
HAT

MONEY STOCK MEASURES AND LIQUID ASSETS

13,

1983

Billions of dollars
M1

s u m of
currency,
travelers
checks,
demand
deposits and
other
checkable
deposits1

Date

M1 plus
overnight RPs
a n d Eurodollars,
MMMF
b a l a n c e s (gen.
pur and
broker/dealer),
MMDAs,
and savings
a n d small time
deposits2

M2 plus large
time d e p o s i t s ,
term RPs and
Institution-only
MMMF
balances3

1982—APRMAY
JUNE
JOLI
AOG.
SEPT.
OCT.
NOV.
DEC.

#49.3
452.4
453.4
454.4
458.3
463.2
468.7
474.0
478.2

1835.2
1850.6
1864.5
1880.9
1903.6
1917.0
1929.7
194 5 . 0
5/
1959.5

2224.1
2240.7

I 933—JAM.
FEB.
HAS.
AFB.

482. 1
491. 1
497.5
496.2

2008. 1
2048.#5/
2066.35;
207 1.7 5/

2401.4
2427.8
2443.3
2452.3

P

M1

M3
M2
Seasonally adjusted

s u m of
currency,
travelers
checks,
demand
d e p o s i t s and
other
checkable
deposits1

M3 plus other
liquid a s s e t s 4

2710.3
2737.6
2767.0
2798.2
2823.6
2840.5
2866.0
2883. 1
2899.1

2260.2
2283.4
2317.8
2333.9
2352.0
2370.2
2377.6

M2
M3
Not s e a s o n a l l y a d j u s t e d
M1 plus
overnight RPs
and Eurodollars, M2 p l u s large
time deposits,
MMMF
term RPs and
b a l a n c e s (gen.
institution-only
pur. and
MMMF
broker/dealer),
balances3
MMDAs,
and s a v i n g s
a n d small time
deposits2

456.3
445.8
450.8
454.3
454.3
461.0
470.6
479.0
491.0

1848.6
1848.7
1865.4
1883.0
1896.5
1908.7
1928.6
1943.6
5/
1964.5

2235.3
2237.3
2257.2
2280.8
2308.8
2324.4
2350.4
2369.2
2385.3

489.7
480.6
489.1
504. 1

2016.4 5/
2039.85/
2062.4 - .
2085.3v

2413.2
2424.3
2442.0
2463.7

M3 plus other
liquid a s s e t s 4

2724.8
2737.7
2763.8
2790.0
2811.8
2825.4
2860.8
2882.0
2907.0

M1
Seasonally adjusted
For period ended

1933- -A2&.

HAT

NOTE:

6
13
20
27 P
4

P

13-week
average

4-week
average

Not seasonally a d j u s t e d
week average

4-week
average

week average

491.5
492.5
493.4
494-5

%97.6
497.5
496.7
496.2

499.3
496. I
494.0
495.3

487.2
487.9
489. 1
490.6

492.8
497.3
502.7
505.3

510.5
509.5
507.3
493.7

495.4

496.2

499.5

492.1

502. 1

497.9

S P E C I A L C A O T I O I SHOULD B E YAKBB I S I B T E B P B E T I I U S
HIGtiLT V O L A T I L E AMD S U B J E C T TO R B f l S I O l .
P — I N D I C A T E S P B E L I H I NAB? D A T A .
FOOTNOTES APPEAR OX THE F 0 L L 0 8 X I G PAGE




13-week
average

WEEK-TO-WEEK CHARGES 2 1

I10BET S O P P L T

DATA,

B B I C f i ABB

H.6(508)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS

Percent change at seasonally adjusted annual rates
Date

Ml

" W

" W

3 MONTHS FBOfl J I I .

1 9 8 3 TO A P E .

19S3

11.7

12.7

6 MONTHS FBOM O C T .

1 9 8 2 TO A P I .

1983

11.7

14.7

8.5

12 MONTHS FBOB APB.

1 9 8 2 TO A P I .

1983

10.4

12.9

10.3

8.5

THIRTEEN WEEKS ENDING
BAY
4, 1983
FfiCH THIBTEEN 8EEKS E N D I I G :

V

2/

3/

FEB.

2,

1983

( 1 3 WEEKS PBBVIOOS)

14.0

NOV.

3,

1982

<26 WEEKS PRE? 1 0 OS)

13.5

MAI.

5,

1982

( 5 2 WEEKS PBBVIOOS)

10.3

FOOTNOTES TO TABLE 1
AVEBAGES OF D A I L I P I G G I E S FOB ( 1 ) COBBEUCT OOTSIDB THE TBBASOBT, FEDERAL B B S B B f E BANKS* AND
THE VAULTS OF COMBEBCIAL BANKS; ( 2 ) TBAVBLEBS CHECKS OF NONBANK I S S O B B S ; ( 3 ) DEMAND D E P O S I T S
AT ALL COBBEBCIAL BANKS OTHBB THAN THOSE DDE TO DOMESTIC BANKS, THE U . S . GOVBBNMBNT, AND
FOBBIGN BANKS AND O F F I C I A L I N S T I T U T I O N S L E S S CASH ITEMS I N THE PBOCESS OF COLLECTION AND
FBDBBAL BESEBVE F L O A T ; AND | 4 ) OTHER CHECKABLE D E P O S I T S (OCD) C O N S I S T I N G OF NEGOTIABLE
OBDEB OF WITHDRAWAL (NOB) A I D AUTOMATIC TBANSFBB SEBVICE (ATS) ACCOUNTS AT O E P O S I T O B I
I N S T I T U T I O N S OTHEfi XHAN CBEDIT O N I O N S , CBEDIT UNION SHABE DRAFT ACCOUNTS, AID DEMAND

HnflNHW

4/

5/




H.6 (508)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, s e a s o n a l l y a d j u s t e d u n l e s s o t h e r w i s e noted

Currency 1

Date

1982—APR.
MAY
J UN*.

Travelers
checks2

Demand
deposits3

Other
checkable
deposits4

Overnight
RPs5

Overnight
Eurodollars6

NSA

NSA

126.3
127.lt

4. 4
4.5
4.5

233.3
233. 1
232.3

85.3
87.4
88.4

31.0
32.7
32.8

5.8
7.4
7.5

128.8

128.2

Money
market
deposit
accounts?
NSA

0.0

0.0
0.0

Savings d e p o s i t s 8
at
commercial
banks

159.4
159.3
159.5

51
thrift
Institutions

345.9
346.6
347.2

366.4
370.5
375.0

480.8
482.0
484.3

847.2
852.5
859.3

161.8
164.9
170.1

34.3
35.6
36.6

186.8

345.0
346.7
350.0

383.8
388.6
391.4

489.2
491.2
491.8

872.9
879.8
883.2

172.9
182.3
185. 1

40.4
47.1
48.2

358.0
366.4
358.7

389.9
389.2
383.3

488. 1
485.8
476.5

878.0
874.9
859.7

187.6
191.1

182.2

49.3
49.9
47.6

441.4
418.4
408.2
405.8

798. 1
756.1
735.0
727.2

166.7
159.6
15 4 . 0
146.7

46. 1
45.2
43.5
41.0

4.4
4.4
4.4

232. 1
232.5
234.0

89.1
91.8
94.3

33.3
34.0
34. 1

8.5
8.4
7.4

0.0

129.6
130.5

OCT.
NOV.
DEC.

131.3
131.9
132.8

4. 4
4.4
4.2

236.0
237.6
239.8

100. 1

97.0

37.4
38.5
38.5

6.5
6.7
5.8

0.0
0.0

162.3

166.2

200. 1

43.2

163.2

195.5

1983—JAN.
FEB.
MAR.
APE.

P

101.3

158.2
158.4
159.6

Money m a r k e t
mutual f u n d b a l a n c e s l O
general
purpose
institution
only
a n d broker/
dealer

186.5
187.3
187.8

JUL*
AUG.
SEPT.

0.0
0.0

total

Small d e n o m i n a t i o n
time deposits#
~aT
af
total
thrift
commerinstitucial
tions
banks

188.3
190.4
195.7

181.3
178. I
177.0
177.2

332.5
322. 1
318.8
317.9

356.6
337.7
326.8
321.4

239.4
238.7
240.0
238.7

104.5
112.5
116.0
114.9

40. 1
41.0
40. 1
41.7

7.2
7.8
7.8

8.0

189. 1
277.7
320.5
341.4

151.2
144.0
141.8
140.7

237.3
137.31
137.9
138.5

242.7
239.6
237.0
237.0

114.6
114.6
114.5
115.3

36.0
43.5
40.2
44.7

7.7
7.3
7.9
8.7

334.9
340.6
342.3
344. 1

141.0
140.7
140.4
140.9

323.0
32 1 . 5
321.1
320.6

150.7
149.2
146.0
143.4

41.8

138.7

238.8

117.5

45. 1

9.3

34 7 . 6

142.4

319.9

141.7

40.5

134.2
135.6
137.0
138.0

4. 1
4.3
4.5
4.6

MEEK ENDING
1983
A PH.

MAY

2/

3/

V

5/
6/

7/
8/
V

b
13
20
27 P
4

P

41.3
40.6
40.4

U
S , . ™ .
« ,
u " X S , S I .
" U
"
" t l ' d S "
. u . . . Tit!IPT
OUTSTANDING AMOUNT OF O . S . DOLLAR-DBNOMINATBD TRAVELERS CHECKS OP NONBANK I S S U B J 8 S .
OEMAND D E P O S I T S AT COHMERCIAL BANKS AND FOREIGN BELATED I N S T I T U T I O N S O T f l l l THAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOVEBMMENT AND FOBBIGN BANKS ADD O F F I C I A L I N S T I T U T I O N S L E S S CASH I T E M S I N THE PBOCESS OF COLLECTION AMD F . B . FLOAT- EXCLUDES THE
ESTIMATED AMOUNT OF DEMAND D E P O S I T S HELD AT COMMEBCIAL BANKS BT T H 8 I F T I N S T I T U T I O N S TO S E R V I C E T H E I R CCD L I A B I L I T I E S .
I N C L U D E S ATS AND NOW BALANCES AT ALL DEPOSITORY I N S T I T U T I O N S EXCEPT C 8 E D I T U N I O N S , C B E D I T UNION SHARE DRAFT BALANCES AMD
DEMAND D E P O S I T S AT T H R I F T I N S T I T U T I O N S .
OTHER CHECKABLE D E P O S I T S SEASONALLY ADJUSTED EQUALS DEMAND D E P O S I T S PLUS OCD
SEASONALLY ADJUSTED L E S S DEMAND D E P O S I T S SEASONALLY A D J U S T E D - NOW ACCOUNTS INCLUDE C E L L I N G FREE " S U P E R MOWS,"
AUTHORIZED BY THE D E P O S I T O R Y I N S T I T U T I O N S DEREGULATION COMMITTEE TO BE OFFERED BEGINNING JANUARY 5 , 1 9 8 3 .
PRELIMINARY
DATA I N D I C A T E THAT BALANCES I N " S U P E R NOWS" WEBB ABOUT $ 3 0 . 1 B I L L I O N I N THE WEEK ENDED A P R I L 2 0 , ABOUT $ 2 9 . 1 B I L L I O N
I N THE WEEK ENDED A P R I L 2 7 , AND ABOUT $ 2 9 . 0 B I L L I O N I N THE WEEK ENDED MAY
4.
T H E S E F I G U R E S I N C L U D E BALANCES I N
SUPER NOWS" AT COMMERCIAL BANKS OF ABOUT $ 2 1 . 1 B I L L I O N I N THE WEEK ENDED A P R I L 2 0 AND ABOUT $ 2 0 . 4 B I L L I O N IM THE
WEEK ENDED A P R I L 2 7 . F I G U R E S FOB THE LATEST WEEK ARE NOT YET AVAILABLE B I T Y P E OF I N S T I T U T I O N .
I N C L U D E S OVERNIGHT AND CONTINUING CONTRACT BPS I S S U E D BY COMMERCIAL BANKS TO OTHER THAN D E P O S I T O R Y I N S T I T U T I O N S AND MONEY
MARKET MUTUAL FUNDS (GENERAL P U R P O S E AND BBOKBB/DEALBB) .
I S S U E D BY FOREIGN ( P R I N C I P A L L Y CARIBBEAN AND LONDON) BRANCHES OF U . S . BANKS TO U . S . R E S I D E N T S OTHER THAN
D E P O S I T O R Y I N S T I T U T I O N S AND MONEY MARKET MUTUAL F U N D S .
T U u t * R D E P O S I T ACCOUNTS iMMDAS) WERE AUTHORIZED BY THE D E P O S I T O R Y I N S T I T U T I O N S DEREGULATION COMMITTEE TO BE OFFERED
BEGINNING DECEMBER 1 4 , 1 9 8 2 .
SAVINGS D E P O S I T S EXCLUDE MM CAS.
SMALL DENOMINATION TIME D E P O S I T S — I N C L U D I N G R E T A I L HPS — ARE THOSE I S S U E D IN AMOUNTS OF L E S S THAN $ 1 0 0 , 0 0 0 .
ALL
I N D I V I D U A L RETIREMENT ACCOUNTS ( I R A ) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND T H R I F T S ARE SUBTRACTED FROM SHALL
TIME D E P O S I T S .
NOT SEASONALLY A D J U S T E D , INCLUDES BALANCES IN BOTH TAXABLE AND TAX-EXEMPT FUNDS.
ALL I N D I V tDfiAL RETIREMENT ACCOUNTS
AND KEOGH ACCOUNTS AT MONEY FUNDS ARE EXCLUDED.

10/



4

H.6 (508)
1 able J — c o n t i n u e d

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Date

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

Term 4
Eurodollars

II

usted unless otherwise noted
1
Large denomination time deposits
at thrift
at commercial
total
institutions
banks?

Savings
bonds

Short term
Treasury
securities^

Bankers, acceptances^

Commercial
paper?

NSA

262.8
263.2
267.4

58.4
58.9
60.0

321.2
322. 1
327.4

27.2
25.6
24.6

11.0
11.3
11.7

38.1
37.0
36.3

77.9
83.8
84.7

67.7
67.7
67.7

190.7
192. 1
197.2

*0.2
41.3
41.6

109.7
112. 1
115.7

JULY
AUG.
SEPT.

271.7
273.6
273.6

60.4
61.3
62.5

332. 1
334.9
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

67.6
67.5
67.5

202.9
204. 1
203.5

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

80.8
79.0
79.8

67.6
67.8
67.9

210.5
215.8
220. 1

42.8
43.1
44.9

112.3
107.3
108.8

1983-JAN.
FEB.
MAB.
APR.

2 47.6
235.2
231.6
231.4

63.1
62.7
64.6
69.2

310.7
297.9
296.2
300.6

27.9
28.6
29.4
30.7

12.6
12.2
12.3
12.4

40.6
40.9
41.7
43.1

1982—APRMAY
JUNE

P

WEEK E N D I N G ;
1983—APR.

MAY

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

P

232.0
231.3
231.4
230.5

33.7
27.8
31.0
30.6

4 P

229.6

31.2

6
13
20
27

LARGE DENOMINATION T I M E D E P O S I T S ABE THOSE I S S U E D IM AMOUNTS OF $ 1 0 0 , 0 0 0 OR HOHE, EXCLUDING THOSE BOOKED AT I N T E R N A T I O N A L
BANKING F A C I L I T I E S ( I B F S ) .
LAfiGE DENOMINATION T I M E D E P O S I T S AT COMMERCIAL BANKS L E S S LARGE T I M E HELD BY MONEY MARKET MUTUAL FUNDS AND T H R I F T I N S T I T U T I O N S .
TERM B P S ARE THOSE WITH O R I G I N A L MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND R E T A I L H P S .
TERM EURODOLLARS ARE THOSE WITH O R I G I N A L MATURITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY DEPOSITORY I N S T I T U T I O N S AND
MONEY MARKET MUTUAL F U N D S .
I N C L U D E S U . S . TREASURY B I L L S AND COUPONS WITH REMAINING MATURITY OF L E S S THAN 18 MONTHS HELD BY OTHER THAN DEPOSITORY I N S T I T U T I O N S , F . R . BANKS, AND MONEY MARKET MUTUAL F U N D S .
NET OF BANKERS
ACCEPTANCES HELD BY ACCEPTING BANKS, F . R . BANKS, FOREIGN O F F I C I A L I N S T I T U T I O N S , THE FEDERAL HOME LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL F U N D S .
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Other checkable deposits

Demand deposits
Date

Currency

1

Travelers
checks 2

at member
banks 3

at domestic
non member
banks 4

at foreignrelated
banking
offices
in the U.S.5

total6

at
commercial
banks7

at thrift
institutions 8

total

Overnight
RPsJ>

Overnight
Eurodollars

125.7
127.2
128.3

4.2
4.3
4.7

152.7
147.7
149.2

80.3
77.5
78.1

4.3
4.0
3.7

236.9
228.8
230.7

71.4
67.9
69.2

18.1
17.5
18.0

89.5
85.4
87.3

31.0
32.7
32.8

5-8
7.4
7.5

JULY
AUG.
SEPT.

129.8
130.1
130.2

4.9
4.9
4.7

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

18.5
19.1
19.9

87.9
89.8
93.3

33.3
34.0
34.1

8.5
8.4
7.4

OCT.
NOV.
DEC.

131.3
132.7
135.2

4.4
4.2
4.0

155.7
158.0
163.3

78.3
79.3
8U0

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

37.4
38.5
38.5

6.5
6.7
5.8

1983—JAN.
FEB.
MAR.
APR.

133.2
133.7
135.4
137.4

3.9
4. 1
4.3
4.3

161.9
153.4
155.4
160.0

80. 1
76.2
76.5
78.9

3.7
3.6
3.7
3.8

245.1
232.8
235.1
242.2

82.4
83.6
86.6
90.7

25.1
26.4
27.7
29.5

107.5
110.0
114.3
120.2

40. 1
41.0
40.1
41.7

7.2
7.8
7.8
8.0

1982-APR.
MAY
JUNE

P

NEEK E N D I N G :

1982-APR.

MAY
1/
2/
3/
%/
5/
6/
7/
8/
9/
10/




6
13
20
27 P

137.8
137.8
137.1
136.4

165.0
162.3
160.1
155.6

80.1
79.9
79.9
76.5

3.7
3.7
3.6
3.8

248.3
245.4
243.2
235.5

90.6
92.0
92.9
88.7

29.5
29.9
29.9
28.8

120.1
121.9
122.8
117.5

36.0
43.5
40.2
44.7

7.7
7.3
7.9
8.7

4 P

137.8

156.9

78.2

4. 1

238.8

87.9

29.2

117.1

45.1

9.3

CURRENCY O U T S I D E THE U . S . T R E A S U B Y , P . m . BANKS AND THE VAULTS OP COMMERCIAL BANKS.
EXCLUDES THE E S T I M A T E D AMOUNT OP VAULT
CASH HELD B I T H R I F T I N S T I T U T I O N S T O S E R V I C E T H E I R OCD L I A B I L I T I E S .
OUTSTANDING AMOUNT OP U . S . DOLLAR-DENOMINATED TRAVELBBS CHECKS OP NONBANK I S S U E R S .
DEMAND D E P O S I T S OTHEB THAN THOSE DDE TO DOMESTIC B A N K S , THE U . S . GOVERNMENT AND FOREIGN BANKS AND O P P I C I A L I N S T I T U T I O N S L E S S
CASH I T E M S I N THE P R O C E S S OP C O L L E C T I O N AND f R . PLOAT AT MEMBER BANKS OP THE FEDERAL RESERVE S Y S T E M .
DEMAND D E P O S I T S OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U . S . GOVERNMENT AND FOREIGN BANKS AND O F F I C I A L I N S T I T U T I O N S L E S S
CASH I T E M S I N THE P R O C E S S OP COLLECTION AT NONMEMBER BANKS.
D E P O S I T S AS D E S C R I B E D I N FOOTNOTE 4 AT A G E N C I E S AND BRANCHES OP F O R E I G N BANKS, EDGE ACT C O R P O R A T I O N S AND F O R E I G N INVESTMENT
EQUALS SUM O F THREE P R E V I O U S COMPONENTS L E S S THE E S T I M A T E D AMOUNT O F DEMAND D E P O S I T S HELD AT COMMERCIAL BANKS BY T H R I F T
I N S T I T U T I O N S TO S E R V I C E T H E I R OCD L I A B I L I T I E S .
HON AND ATS BALANCES AT COMMERCIAL BANKS, BRANCHES AND A G E N C I E S OF F O R E I G N BANKS, AND EDGE ACT C O R P O R A T I O N S .
NOW AND ATS BALANCES AT S A V I N G S AND LOAN A S S O C I A T I O N S AND MUTUAL S A V I N G S BANKS, C R E D I T UNION SHARE DRAFT BALANCES, AND
DEMAND D E P O S I T S AT T H R I F T S .
_____
I N C L U D E S OVERNIGHT AND C O N T I N U I N G CONTRACT RPS I S S U E D BY COMMERCIAL BANKS TO OTHER THAN D E P O S I T O R Y I N S T I T U T I O N S AND HONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND B R O K E R / D E A L E R ) .
I S S U E D BY FOREIGN ( P R I N C I P A L L Y CARIBBEAN AND LONDON) BRANCHES O F U . S . BANKS TO U . S . R E S I D E N T S OTHER THAN D E P O S I T O R Y
I N S T I T U T I O N S AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND B R O K E R / D E A L E R ) .

H.6 (508)

6

Table 3A—continued

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

Money market deposit a c c o u n t s
at
commercial
banks

Date

JUL I
AUG.
SEPT.

0.0
0.0

0.0
0.0
0.0

0.0
0.0
0.0

0.0
0.0

0.0
0.0

0.0
0.0
0.0

0.0
0.0
0.0

0.0

0.0
0.0

0.0

12.7

3.8

0.3

43.2

114.2
163.3
185.8
198.0

57.9

16.0

0.9

103.7
109.4

24.3
28.9
31.9

189. 1
277.7
320.5
341.4

194.2
197.6
198.8
199.3

107.8
109.2
109.3
110.3

30.9
31.7
32.0
32.3

334.9
340.6
342.3
344.1

142.7
142.5
140.9
141.0

.0.0

OCT.
NOV.
DEC.

4.0
26.5

1983—JAM.
FEB.
HAS.

APR.

at
mutual
savings
banks

0.0

1982-APH.
MAY
JUKE

P

88.6

0.0

Small denomination time d e p o s i t s 2

Savings deposits

at
savings
and
loans

at
commercial
banks

at
savings
and
loans

at
mutual
savings
banks

at
credit
unions

160.5

0.0

0.0
0.0
0.0

160. 1
160. 1

96.0
95.7
95.8

47.1
46.8
46.9

44.8
45.3
45.9

348.5
347.9
348.6

368.0
372.7
376.9

0.0
0.0
0.0

0.0
0.0
0.0

159.9
159.3
159.7

95.6
94.9
95.3

46.9
46.6
46.8

46.2
45.9
46.4

348.6
346.8
348.2

0.0

0.0
0.0

163.0
165.0

161.6

98.2
99.5
96.2

47.7
48.3
47.3

48.8
50.5
51. 1

149.8
142.8
141.7
141.9

83.4
81.5
81.4

86.6

44.0
42.1
41.7
41.3

51.7
52.6
54.5
56.1

at
credit
unions

0.0

1.6

2.0
2.2

total

at
commercial
banks

at
savings
and
loans

at
mutual
savings
banks

at
credit
unions

370.6
370.0
370.8

94.6
95.0
95.3

17.9

383.0
387.4
389.7

374.0
374.5
374.9

95.9
95.8
95.5

18.8

357.8
363.4
356.2

388.3
387.1
380.3

374.5
373.7
366.0

94.2
92.9
90.6

332.1
321.0
319.4
320.7

356.3
339.3
329.1
322.6

341.4
323.6
315.4
314.2

84.7
80.3
78.4
77.2

total

WEEK ENDING
1983
ASB.

6
13

20
27
BAY

1/
2/

P

4 P

2. 1
2.2
2.2

2.2

347.6

324.5
322.7
322.5
321.8
321.2

SAVINGS D E P O S I T S EXCLUDE MMDAS.
SHALL DENOMINATION TIME D E P O S I T S — INCLUDING R E T A I L BPS — ARE THOSE I S S U E D IN ABOOSTS OF LESS THAN $ 1 0 0 , 0 0 0 . ALL
I N D I V I D U A L RETIREMENT ACCOUNTS ( I B A ) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND T H B I F T S ARE SUBTRACTED FROM SMALL
TIME D E P O S I T S .




18.2
18.4

18.9
19.0

total

851. 1
855.9
861.4
871.6
876.6
879.0

18.2

875.3
871.6
854.5

16.9
16.3

799.3
759.5
738.9
730.1

17.8
17.5

16.0
16.0

H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, n o t seasonally aa lusteo

Laroe denomination time deposits 1
a t mutual
at
total3
savings
at savings
commercial
banks
and loans
banks?

Date

Term RPs 4
at
commercial
banks

at t h r i f t
institutions

total

Term
Eurodollars 5

Savings
bonds

Short-term
Treasury
securities6

Commercial
Bankers
paper
acceptances 7

260.8
261.7
263.8

51.6
52.5
53.2

6.1
6.0
6.0

319.0
320.6
323.5

27.2
25.6
24.6

11.0
11.3
11.7

38.1
37.0
36.3

77.9
83.8
84.7

67.4
67*4
67.4

194.4
195.6
197.0

39.8
40.9
41.4

110.0
112.8
116. 1

JULY
AUG.
SEPT.

267.5
271.9
272.7

53.4
54.3
55.1

6.0
6.2
6.5

327.4
332.9
334.9

22.7
25.4
24.6

11.8
11.6
11.8

34.5
37.0
36.4

83.7
80.9
80.6

67.4
67.5
67.5

198.7
199.1
199.2

41.3
40.9
41.8

118.0
114.7
112.0

OCT.
NOV.
DEC.

275.0
274.6
270.0

57.0
59.1
59.5

6.6
6.6
6.4

339.1
340.8
336.5

26.0
27.8
28.2

11.7
11.6
12.1

37.7
39.4
40.3

80.8
79.0
79.8

67.7
68.0
68.2

207.0
213.8
219.3

43.4
43.9
45.1

111.5
108.2
109.2

1983-JAN.
FEB.
MAR.
APR.

250.4
238.7
233.4
229.5

57.7
58.0
59.6
63.0

5.6
5.4
5.4
5.5

314.2
302.6
298.9
298.4

27.9
28.6
29.4
30.7

12.6
12.2
12.3
12.4

40.6
40.9
41.7
43.1

1982-APR.
MAY
JONE

P

WEEK E N D I N G :
1983-APR.

MAY

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

6
13
20
27
4

P

232.0
230.1
228.5
228.9

33.7
27.8
31.0
30.6

P

226.5

31.2

LA AGE DENOMINATION T I M E D E P O S I T S ABE THOSE I S S U E D I N AMOUNTS OF $ 1 0 0 , 0 0 0 OB MORE, EXCLUDING T H O S E BOOKED AT I N T E R N A T I O N A L
BANKING F A C I L I T I E S ( I B F S ) .
LABGE DENOMINATION T I M E D E P O S I T S AT COMMERCIAL BANKS L E S S LARGE T I M E HELD BT HOMEY EABKET MUTUAL FUNDS AND T H B I F T
INSTITUTIONS.
TOTAL LABGE DENOMINATION T I M E D E P O S I T S EXCEEDS SUM OF THREE P B E V I O U S COLUMNS BT SUCH D E P O S I T S AT C B B D I T U N I O N S .
TERM R P S ARE THOSE WITH O R I G I N A L MATURITY GREATER THAN ONE DAY, EXCLUDING C O N T I N U I N G CONTRACTS AND R E T A I L B P S .
TERM EUBODOLLARS ARE THOSE WITH O R I G I N A L MATURITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY D E P O S I T O R Y I N S T I T U T I O N S AND
MONEY MARKET MUTUAL F U N D S .
I N C L U D E S U . S . TREASURY B I L L S AND COUPONS WITH REMAINING MATURITY OF L E S S THAN 1 8 MONTHS HELD BY OTHER THAN D E P O S I T O R Y I N S T I
T U T I O N S , F . R . BANKS, AND MONEY MARKET MUTUAL F U N D S .
NET OF BANKERS
ACCEPTANCES HELD BY ACCEPTING BANKS, F . R . BANKS, FOREIGN O F F I C I A L I N S T I T U T I O N S , THE FEDERAL HOME LOAN BANK
S Y S T E M , AND MONEY MARKET MUTUAL F U N D S .
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL F U N D S .




a.6(508)
1ABLE 4
ADDENDUM I T E M S
8 1

H.6 (508)
Table 4

MEMORANDA ITEMS

Billions of dollars, n o t seasonally adjusted
Demand deposits at banks due to
foreign
commercial
banks

8.8

1982-APB.
HAI.
JUNE

9.1
9.4

foreign
official
Institutions

2.0

18.2

2.5
2.3

9.9
9.7
9.4

2.5
2.3
3.3

3.3
3.3
3.8

5.7
5.8
9.0

11.4

9.2
9.2
9.0

2.5

2.6

3.2
3.1
3.2

13.8
5.3
7.9

19.5
10.9
14.0

8.7
8.3

2.8
2.8

7.9

2.7
3.9

3.3
3.2
3.3
3.8

13.5
7.4
10.4
10.3

19.6
13.4
16.5

18.0

6.6

13.4

OCT.
MOV.
DEC.

8.4
8.4

2.2

1983-JAN.
FIB.
BIB.
ABB.

7.8
7.9
7.9

10. I

3.2

2.4

2.0

P

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

4.5
4.5
3.3

8.4

8. I

balances at
Federal
Reserve
Banks

IRA and Keogh Accounts

2.6

9.6

8.6

U.S. government deposits
demand
deposits at
commercial
banks

8.4
9.1
9.6

2.1

JUL I
AUG.
SEPT.

8.6

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

1.9

2.1
2.1
2.0
1.9

2.0

8. 1

3.6

2.9

12.7
7.5

19.8
14.0

11.6
16.1

0.9
0.9

8.0

6
1J

20
21 P
HAY

4

P

E=Estimated




8.0
7.6
7.8

8.0

1.9

2.0
2.0

7.9

8.0

2.1

7.8
7.8

2.0

7.8

2.9

1.0

0.9

15.2
15.6

1.0
1. 1
1.1
1.1

1. 1
1.0
0.9
1.0
1. 1

1.0

5.3

10.6

4.0

3.9
3.0
3.3
4.2

15.3

19.8
23.4

1.1
1.1
1.1

3.6

5.9

17.9

27.3

1.0

2.2
6.6

10.0

12.6

14.0
14.7

MEEK E N D I N G :
1983
APB.

commerical
banks

16.0

16.6

thrift
institutions
22.5
23.3
23.8

3.4
3.7
3.9

24.5
25.1
25.8

4.1
4.2
4.3

26.6

17.2
17.9

27.1
27.7

19.3
20.7

28.8

22.8
26.3

money
market
mutual funds

29.7
31.3
33.5

4.4
4.5
4.6
4.7
4.8
4.9
5.3

Supplementary Table
L e v e l s and Annual Growth
R a t e s of Ml U s i n g C u r r e n t * and E x p e r i m e n t a l
A l t e r n a t i v e ^ S e a s o n a l Adjustment Procedures
(Monthly a v e r a g e )

L e v e l s in b i l l i o n s
of d o l l a r s
Experimental
Current
Alternative

Annual growth
r a t e s in percent
Experimental
Current
Alternat ive

449.3

451.2

1.9

4.0

May

452.4

452.3

8.3

2.9

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

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

January

482.1

481.0

9.8

6.3

February

491.1

490.7

22.4

24.2

March

497.5

498.7

15.6

19.6

April

496.2

498.3

-3. 1

-1.0

CM

April

1. C u r r e n t m o n t h l y s e a s o n a l f a c t o r s a r e d e r i v e d u s i n g an X - l l / A R I M A - b a s e d p r o c e dure.
2 . A l t e r n a t i v e m o n t h l y s e a s o n a l f a c t o r s a r e d e r i v e d u s i n g an e x p e r i m e n t a l modelbased procedure.
This procedure u s e s a combination of s t a t i s t i c a l r e g r e s s i o n
and t i m e s e r i e s m o d e l i n g t e c h n i q u e s t o c o n s t r u c t s e a s o n a l f a c t o r s t h a t a r e more
s e n s i t i v e than the current f a c t o r s t o unique c h a r a c t e r i s t i c s of each s e r i e s .
T h e s e c h a r a c t e r i s t i c s i n c l u d e f i x e d and e v o l v i n g s e a s o n a l p a t t e r n s , t r a d i n g
day e f f e c t s , w i t h i n - m o n t h s e a s o n a l v a r i a t i o n s , h o l i d a y e f f e c t s , o u t l i e r a d j u s t m e n t s , s p e c i a l e v e n t s a d j u s t m e n t s , and s e r i a l l y c o r r e l a t e d n o i s e c o m p o n e n t s .