Full text of H.6 Money Stock Measures : May 20, 1983 : With Special Notice

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FEDERAL RESERVE statistical release
For

H.6(508)

release at
4:15 p.m. EDT
May 20, 1983

SPECIAL NOTICE

Weekly data for savings deposits and small denomination time
deposits at commercial banks in the weeks ended May 4 and May 11 are not
shown on today's release because of apparent reporting difficulties associated with a change in the reporting form that became effective in the
statement week of May 4.

Publication of data for such deposit categories

will be resumed as soon as possible.
gories are not affected.




Weekly data on other deposit cate-

H.6 (508)

8

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
savinas
deposits
due to foreign
commerical
banks and
foreign official
institutions

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

|

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

money
market
mutual funds

12.6
14.0
14.7

22.5
23.3
23.8

3.4
3.7
3.9

38.5
41.0
42.5

total

2.0
2.1
2.4

8.4
9.1
9.6

3.6
2.6
3.2

4.5
4.5
3.3

10.1
12.7
7.5

18.2
19.8
14.0

0.9
0.9

JULI
AOG.
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

4.1
4.2
4.3

43.8
44.9
46.2

OCT.
HO?.
DEC.

8.4|
8 . S3

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

4.4
4.5
4.6

47.6
48.8
50.1

7.8
7.9
8.1
7.9

2.1
2.0
1.9
2.0

8.7
8^3
8.1
7.9

2.6
2.8
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

1.0
0.9
1.0
1.1

19.3
20.7
22.8
26.3

28.8
29.7
31.3
33.6

4.7
4.8
4.9
5.3

52.8
55.2
59.0

6
13
20
27

8.0
8.0
7.6
7.8

1.9
2.0
2.0
2.1

7.9
8.0
7.8
7.8

2.9
2.2
6.6
4.0

3.9
3.0
3.3
4.2

6.6
5.3
10.0
15.3

13.4
10.6
19.8
23.4

4 P
11 P

8.0
7.9

2.0
2.0

7.8
7.8

3.6
2.3

5.9
3.8

17.9
15.0

27.3
21.1

1983 - J A M .
PEB.
BAB.
APR. P

8.4

uo

VEER I B D I I G :

BAY

thrift
institutions

8.8
9.%
9.4

1982 - A P R .
HAT.
JURE

1983
APR.

IRA and Keogh Accounts

E-Eatimated




i

1.0
1-1
1.1
1.1
1.0
0.8

G

65.2

m

SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of Selected Deposits and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks
February 23, 1983, March 30, 1983 and April 27, 1983
(not seasonally adjusted)1
Insured1 Commercial Banks
Feb. 23
Mar. 30 | Apr. 27
Amount outstanding
($ millions)
21,194
19,878
17,096
(249)
(418) |
(333)

Liability Categories

Super NOW accounts
(standard error of the estimate)2

Mutual Savings Banks
Feb. 23 | Mar. 30
Apr. 27
Amount outstanding
($ millions)
668
785
728
(4) |
(203)
(5) |

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

5,842
(553)

5,191
(537) |

5,082
(575)

204
(20)

302
(108)

270
(107)

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

5,260
(179)

5,253
(224)

5,689
(218)

421
(18)

376
(18)

379
(18)

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

193,542
(1,910)

186,623
(1,929)

181,695
(1,934)

38,674
(588)

36,741
(653)

35,311
(651)

87,975
(1,732)

88,856
(1,714)

89,170
(1,734)

25,168
(513)

25,680
(505)

25,305
(573)

2-1/2 year ceiling-free time deposits7

4,144

4,682

7,274

614

732

1,179

All IRA/Keogh Plan Deposits^

20,922

23,588

26,885

6,645

7,167

7,674

1-1/2 year and over variable ceiling
certificates6
(standard error of the estimate)

3,318
(461)

Retail repurchase agreements^
(standard error of the estimate)

2,695
(457)

2,24^
(346)

Number of Offering Institutions

Liability Categories

11,760

Super NOW accounts

12,104

12,316

516
(100)

416
(96)

415
(103)

Number of Offering Institutions

264

263

262

7,172

7,154

7,280

160

167

162

91-day money market certificates

13,298

13,027

12,895

370

366

364

6-month money market certificates

14,013

13,994

14,132

414

410

409

1-1/2 year and over variable ceiling
certificates

13,546

13,528

414

410

409

7- to 31-day money market certificates

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

12,768

|

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

165
176
178
4,226
4,525
4,885
Retail repurchase agreements
N.A. - Data not available.
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. 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. 7- to 31-day money market certificates are nonnegotiable time deposits that require a minimum daily
balance of $20,000, but less than $100,000, and have an original maturity or required notice period of
at least 7 days but no more than 31 days. The maximum permissible rate of interest is tied to the discount
yield (auction average) on the most recently issued 91-day Treasury bill.
4. 91-day money market certificates are negotiable or nonnegotiable time deposits issued in denominations
of at least $7,500, but less than $100,000, with original maturities of exactly 91 days for which the
maximum permissible rate of interest on new deposits is tied to the discount yield on the most recently
issued 91-day (13-week) Treasury bill (auction average).
5. 6-month money market certificates (MMCs) are nonnegotiable time deposits in denominations of $10,000,
but less than $100,000, with original maturities of exactly 26 weeks for which the maximum permissible
rate of interest on new deposits related to the discount yield on the most recently issued 6-month
Treasury bill (auction average).
6. This category includes all 4-year and over variable ceiling accounts having no legal minimum denomination issued between July 1 and December 31, 1979, 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 authorized beginning April 1, 1983.
7. 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.
8. All IRA/Keogh Plan time deposits regardless of size, type of instrument in which held, or interest rate
paid.
9. 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.