Full text of H.6 Money Stock Measures : November 15, 1982

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FEDERAL RESERVE statistical release
H.6 (508)

For Release at 4:10 p.m. EDT

Table 1

MONEY STOCK MEASURES AND LIQUID ASSETS
NOV.

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
overnight RPs and
Money market
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

15,

1982
L

M3 plus other
liquid assets5

1981-OCT.
NOV.
DEC.

432.9
436.4
440.9

3&.2
36.9
38.1

U7.3
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.
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

220 4 . 3
2215.0
2235.8

2667.9
2690.5
2716.7

APR.
MAY
JUNE

452.4
451.5
451.4

40.4
42.8
43.1

161.9
164.3
168.6

1880.7
1897.5
1907.9

225a. 1
2279.3
2296.0

2743.7
2773.3
2797.9

JU1Y
AUG.
SEPT.

451.3
455.2
460.5

43.4
44.5
43.0

171.3
180.0
181.9

1923.4
1946.3
1954.1

2320.2
2355. 7
2362.3

2830.5

OCT. P

468.3

45.8

183.4

1967.1

2379.8

WEEK ENDING:
1982-OC3.

6
13
20
27 P

465.2
468.5
467.6
470.3

39.8
44.5
47.5
49.4

181.7
182. 8
183.4
184.5

NOV.

3 P

473.0

47.9

185.3

1/

AVERAGES OF £AIIY .FIGURES FCR (1) CUJIBENCY OUTSIDE THE 1REAS0BY, FEDERAL EESERVE BANKS, AND THE VAULTS
Of COMMERCIAL BANKS; (2) TRAVELERS CHECKS OP NONBANK ISSUERS; (3) DEMAND DEPOSITS AT AIL COMMERCIAL
BANKS CTHEfl THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN EANKS AND OFFICIAL
INS2I101IONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHEE
CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER OF WITHDBAWAX (NOW) AND AUTOMATIC TRANSFER
SERVICE (ATS) ACCOUNTS AT DEPOSITORY INSTITUTIONS OTHER THAN CREDIT UNIONS, CfiEEIT UNION SHARE DBAFT
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
10 SERVICE TUEIfi OCD LIABILITIES.
2/ OVERNIGHT (AND CONTINUING CONTRACT) UPS ARE THOSE ISSUED BY COMMERCIAL BANKS TO CTHEfi THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MOIUAL FUNDS (GENERAL PURPOSE AND EROKER/DEALEU), AND OVERNIGHT
EURODOLLARS ARE THCSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND EROKER/DEALEB).
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. M2 HILL EIFPER FROM THE SUM OF
COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAI REPRESENTS THE ESTIMATED AMOUNT
OF DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TC SERVICE TIME AND SAVINGS DEPOSITS.
4/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF
$100,000 OR MOBS, LESS HOLDINGS OF DOMESTIC BANKS, THRIFT INSTITUTIONS, THE U.S. GOVERNMENT, MONEY MARKET
MUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. M3 WILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED
Ik SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT IHAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT iiPS HELD
BY INSTITUTION-ONLY MONEY MARKED MU1UAL FUNDS.
5/ OTHER LIQUID ASSESS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHORI-TEfiM TREASURY
SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES AND TERM EURODCILARS NET CF MONEY MARKEI MUTUAL FUND
HOLDINGS OF 1HESE ASSETS.
NOTE- P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-IO--WEEK CHANGES IN
tfONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MON1HS. PRELIMINARY DAI A A£E SUBJECT 10 WEEKLY REVISIONS UNTIL THEY ARE FINAL.




H.6(508)
Table 1A

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

Date

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

M2
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

Addenda:

M1

Overnight RPs
at commercial
banks plus
overnight
Eurodollars2
NSA

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

L
M3 plus other
liquid assets5

1981-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.
MAE.

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

2682.3
2698.4
2722.7

AP&.
MAY
JUNE

455.5
445. 1
450.5

40.4
42.8
43.1

161.9
164.3
168.6

1887.9
1888.9
1906,4

2266.1
2269.3
2290.0

2754.2
2766.5
2793.1

JU1Y
AUG.
SEPT.

454.0
454.0
460.5

43.4
44. 5
43.0

171.3
180.0
181.9

1924.8
1938.8
1950.4

2314.1
2342.3
2355.0

2815.0

OCT. P

470.0

45.8

183.4

1971.1

2381.2

WEEK ENDING:
1982-OCI.

6
13
20
27 P

473.3
474.5
469.5
462*6

39.8
44.5
47.5
49.4

181.7
182.8
183.4
1S4. 5

NOV.

3 P

474.5

47.9

185.3

NOTE:

SIE TABLE 1 FCfi FOOTNOTES.




H.6(506)
Table 2

MONEY STOCK MEASURES AND LIQUID ASSETS
illy adji
Percent chanQe at seasonally
adjusted annual rates
Date

Ml

1982

(3 aOMIHS PfiEVIOOS)

15,1

9,1

10.3

*PB. 1982

(6 BCU3HS PBEVIODSy

7.0

9.2

10,. 8

OCT. 1981

|12 HONIHS PBE?IC05)

8.2

9.9

10.6

JOLI

POUB UllKS BMDIBG: MOV. 3, 1982
1ROM fOOB SEEKS EM D U G :
40G.

4, 1982 (13 IBEK5 PiEVIOOS)

16*0

HAT

5, 1982 (26 WEEKS PREVIOUS)

8.1

NOV.

4, 1981 (52 SEEKS PBBVIOOS)

8.4




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

Other
Overnight
checkable
RPs 5
deposits4
NSA

1981-0C3.
HO?.
DEC.

121.3
121.8
123.1

i1.3
41.3

1982-JAN.
FEB.
BAB.

123.8
124.6
125.1

11.3

APB.
HAI
JUNE

126.3
127.4
128.4

i• • 4

JOLT
AOG.
SEPX.
0C1. P

Overnight
Eurodollars6
NSA

at
commercial
banks

at
thrift
institutions

total

Small denomination
time deposits7
at
at
commerthrift
total
cial
institubanks
tions

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

235.7
235.7
236.4

71.6
74.7
77.0

30,2
30.4
31.4

5.9
&. 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

239.3
234.5
233,. 0

81.1
83.8
85-8

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

35 a. 6
363. 4
371.0

493*. 7
496.0
499.0

852.3
859.4
869.9

154.9
156.0
159.2

32.5
30.5
31.5

4• . 5
(1.5

233.0
232.7
231.0

88.6
87.0
87.5

34.6
35.8
36.0

5.8
7.0
7.0

160.7
160.5
159-9

189.9
190.4
189.9

350,5
350.9
349.9

379.9
386.5
391.6

501.7
507.5
509.4

881.6
894.1
900.9

161.9
164.. 3
168.6

31.5
32.8
33.7

128.8
129.5
130.5

1.4
1.4
t.4

230.6
231.1
232.6

87.4
90.2
93.0

36.4
37.6
36.6

7.0
6.9
6.5

157.0
155.9
156-5

187.1
186.2
186.0

344.0
342.1
342.5

401.1
407.9
41 a . 9

51 a . 7
522.7
521.7

919.7
930.6
932.6

171.3
180.0
181.9

36,7
43.1
43.9

13 T. 2

4.4

236.0

96.6

39.6

6.2

159*3

19a. 3

352.6

407-9

516-0

923. 8

181.4

• 4.8

4.3
11.3

».4

iSEK ENDING:
1982-OC1.

6
13
20
27 P

130.9
131.2
131.1
131.4

236.4
236.2
236.4
236.9

93.4
96.6
95.6
97.6

33.8
38.6
41.4
42.5

6.0
5.9
6.1
6.8

157.6
158.7
159.2
160.1

409.1
407.0
407.6
408.3

181.7
182.8
183.4
184.5

42.9
44.7
45.4
45.4

NO?.

3 P

131.4

237.1

100.0

41.6

6.4

161.4

407-9

185.3

45.9

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

7/
8/

CURRENCY OUTSIDE TBB 0 . S . TBBASUBY, P . f i . BANKS AND ?AULIS OF C0HHEBCIAX BANKS.
EXCLUDES I B S ESIIHATED AMOUNT OF ?A0LT CASH
HELD BY THRIFT INSTITUTIONS 3 0 SEBflCE THEJB OCD L I A B I L I T I E S .
OUTSTANDING AMOUNT OF U . S . DOILAB-DENOHINATBD XBA?BLBBS CHECKS OJ NONBANK ISSUBBS.
DBMAND DBPOSITS AT COHMBBCIAL BANKS AND FOBEIGN BELATED INSTITUTIONS GTHEB TBAN THOSE DUB TO DOMESTIC BANKS, TBB U . S . GOVEfiNMBET AND FOSiIGH BANKS AND OFFICIAL INSTITUTIONS IBSS CASH ITEHS IN THE PBOCBSS OF COLLECTION AND F . B . FLOAT. EXCLUDES TBE
ESTIflATED AHOUNT OF DEflAND DEPOSITS HBLD AT CO&MEBCIAL BANKS BY TRBIPT INSTITUTIONS TO SBB?ICB THEIfi CCD L I A B I L I T I E S .
INCLUDBS ATS AID NOB BALANCES AI ALL DBP0SI2OBY INSTITUTIONS B1CIPT CBEDIT UNIONS, CBBDIT UNION SBABB DfiAFT BALANCES AND
DEMAND DBPOSITS AT THBIFT INSTITUTIONS.
OTHEB CHBCKABLB DEPOSITS SEASONALLY ADJUSTED EQUALS DEMAND DEPOSITS PLUS OCD
SEASONALLY ADJUSTED LESS DBMAND DEPOSITS SEASONALLY ADJUSTED.
INCLUDES O?E*NIGHT AND CONTINUING CONTRACT BPS ISSUBD BY COSHEBCIAL BANKS TO OTHEB THAN DBPOSITOBY INSTITUTIONS AND MONEY
MARKET .MUTUAL FUNDS (GBNBBAL PUBPOSE AND BfiOKRB/DBALEJ).
ISSUED BY CARIBBEAN BBANCHES CF U . S . HBMBM BANKS TO U . S . fiBSIDBNIS OTHBB THAN DBPOSITOHY INSTITUTIONS AND HONBY HABKET HUITUAL
FDNDS.

SMALL HBNOHIRATICN TIME DBPOSIIS —
HOI SEASONALLY ADJUSTED,




INCLUDING HBTAIL BPS —

ABB THOSB ISSUED IN AHOONTS OF LESS THAN $100,000.

H.6 (508)
Table 3-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
billions or aonars, seasonally au usiea uniess o inerwise noiea
Large denomination time deposits 1
at thrift
at commercial
Date
banks2
institutions
total

Term 4
Eurodollars

Term RPs3
at commercial
banks

NSA

at thrift
institutions
NSA

total
NSA

Savings
bonds

Short-term
Treasury
securities^

Bankers
Commercial
paper?
acceptances^

NSA

1981-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
176.5

37.1
38.1
39.7

104.4
103.7
104.2

1982-JAM,
FEB.
MAE.

247.2
251.4
254.5

55.5
56.6
58.0

302.6
308.0
312.6

23.7
23.8
22.8

8.8
8.8
8.7

32.5
32.5
31.5

69.9
73.9
74.1

67.8
67.8
67.7

180.3
186.4
191.0

40.2
39.1
37.9

105.5
108.4
110. 3

AP£.
HAT
JUNB

258.5
263.1
268*8

58.7
58.5
59.5

317.2
321.6
328.3

25.2
23.3
21.8

9.0
9.3
9u5

34.2
32.6
31.2

78,. 2
82.5

8 a. 5

67.7
67.7
67*8

191.7
191.9
194.8

38.3
39.9
40u3

109,7
112.1
115.7

JULY
AUG.
SEPT.

276.1
279.0
277.5

59.7
60.6
6U5

335.8
339.6
339.1

19.7
22.3
20.3

9.6
9.6
9.6

29.3
32.0
29.9

83.1

67.7

199.9

40.8

118.7

OCX, P

279^0

63.3

342.4

21.1

9.2

30.3

WEEK ENDING:
1982-OCI.

6
13
20
27 P

277.4
279.7
280.9
279.3

19.3
21.5
21.1
20.0

NO?.

3P

276.3

24.9

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

LABGE DENOMINATION TLHE DEPOSITS ARE THOSE ISSUED IN AMOUNTS OP $100,00,0 OB *ORE, BICLODING THOSE BOOKBD AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TIME DEPOSITS AT COMMESCI AX BANKS LESS LkBGE TIME HELD BY HONEY MABKET HUTDAL PONDS AND THBIFT INSTITUTIONS.
TERM JRPS ABE THOSE NliTH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLGDING CONTINUING CONTRACTS AND B El AIL RPS.
TEBH EUBODOLLAJRS AJE THOSE HITH ORIGINAL HATOBITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY DEPOSI1OBI INSTITUTICNS AND
MONEY MARKET JJOTOAL PONDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS HITH REMAINING HATOBITI OF LESS THAN 18 MONTHS HELD BY CTHEB THAN DEPOSITORY INSTITUTIONS, F.R. BANKS, AND HONEY MABKE1 MUTUAL FUNDS.
NET OF BANKERS ACCEPTANCES HELL BY ACCEPTING BANKS, F.R. .BANKS, JOBEIGN OFFICIAL INS1ITUTICNS, THE FEDERAL HOMB LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
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
Billions of dollars, not seasonally adjusted
Other checkable deposits

Demand deposits

!
DaSe

Curency

1

Travelers
checks2

at member
banks3

at riomestic
ncnmembei
banks4

at foreignrelated
banking
offices
In the U.S.*

total a

at
commercial
banks 7

at tfc;-m
institutions 9

totai

Overnight
RPs9

Overnight
Eurodollars 10

1S81-0C1.
NOV.
DEC-,

121.2
122.9
12S.4

4.3
4.1
4.1

151.9
152.4
156.8

80. 8
%1.4
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.
NAB.

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.S
3.9
3.9

243.c
228.5
228.2

66.9
65.8
67.4

15,6
15.6
16.4

82.5
81.5
83.8

35*7
35*6
36.7

/7.5
7.3
6.3

APB.
HAT
JOHE

125.6
127.2
128.3

r
4. 2
4.3
4.7

152.7
147.7
149.2

79.9
77.2
77.9

3.9
3.8
3.7

. 236.1
228.3
230.4

71.4
67.9
69.2

18.1
17.5
18.0

89.5
85.4
87.2

34.6
J5.8
36.0

5.8
7.0
7.0

JOLT
AUG.
SEPT.

129.8
130.0
130.2

4.9

4.9
4.7

151.0
150.1
152.4

77. 2
76.0
76.7

3.7
3.6
3*7

231.5
229.3
232.4

69.3
?0.7
73.4

19,. 5
19.1
1S*.9

87.9
89.8
93.-2

36.4
37.6
.3S.6

7.0
6.9
6.5

OCT. P

131.2

4.5

155.7

78.1

3.8

237.0

76.1

21.2

97.3

39.6

6*2

1BEK ENDING;

1982-OC1U

6
13
20
27 P

131.6
132,1
131.0
130.1

157.9
157.0
155.4
153.2

79.3
75*4
78.1
75.6

3.5
3.7
3.9
3.8

240.2
239,5
236.9
232.1

75.6
76.9
76.1
75.2

21.3
21.4
21.0
20.7

96.9
98.3
97.1
35.9

33.8
3 a. 6
41.4
42.5

6.0
5.9
6.1
6-8

NOV.

3P

131.0

157.9

76.5

4.1

240.0

77.4

21.8

39.2

41.6

6.. 4

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




CUBBENCf O0TS2DS THE O . S . IBEASU5X, F . £ • BANKS AND THE VAULTS Of COMMERCIAL BJft&KS.
EXCLUDES THE ESTIHAT2D AMOUNT Of ?AULT
CASH HILD BI THRIFT INSTITUTIONS TO SEBVICE THEIR OCD L I A B I L I T I E S .
OUTSTINDING AH00N1 OF 0 . S . DOII&R-DEHGHINATBD TBAfELEBS CHECKS CF N0NB1M ISSUERS.
DEMAND DEPOSITS QT8EB 2HAN THOS3 DOE TO DOMESTIC BANKS, TH3 O.S,. GO75BNI92NT AND FOfiEIGN BANKS AND OFFICIAL INSTITUTIONS XESS
CASH J2EAS IN 1B2 PBOCESS OF COLLECTION AHD P. S . PXOAT AT 1LEHJBB BA3KS OF T'JE FEDERAL B^SEBVE S I 5 X E 3 .
DEMAND DEPOSITS C1HEB SHAN TB03E DOE TO DOMESTIC BANKS, 1HB U . S . GOVEBK9B2iT AND JCSB1GN BANKS AND OFflCIAl. INSJITOTIOHS LESS
CASH ITEMS I N THE PROCESS OF COLLECTION AT NO^HBHBEfi BANKS.
DEPOSITS AS DESCRIBED I N FOOTNOTE 4 AT AGENCIES AND BBAHCH3S OF FCB3ISN BANKS, EDGE ACX COaPOBAlIONS AND FOBBIGN INfESTHSNT
CODPANJBS.
EQOALS SW& 01 THBEE PS£7If'jOS COMPONENTS LESS THE ESTIMATED A«OONT OF DEMAND DEPOSITS HELD AT COHMBBCIAL BANKS BI I H f l l F I
INSTITUTIONS TO SEB?ICB IHEIB OCD L I A B I L I T I E S .
UOH AND ATS BALANCES AT COShMCIKL
BA^K^ BRANCHES A2ID AGENCIES CF fClElGX
BAN* 7# ANX EDGE ACT CCBPOBAfIONS.
NOW AND ATS BALANCES AT SAVINGS AND LOA3 ASSOCIATIONS AND M^UAL SAVIKoS BANKS, CREDIT UNICN SHABE ^DB^FT BALANCES, AND
DEMAND DEPOSITS AT THBIF1S.
INCLUDES OVEBNIGiiT AND CONTINUING CONTBACT BPS ISSUED BY COH«£ECIA1 BANKS TO OTHEB THAN DEfOSITO^T INSTITUTIONS AND JIONET
MARKET MUTUAL FUNDS (GBSERAL PURPOSE A»D BEOKEB/DBALBB) .
ISSUED B7 €ARI3BEAil BRANCHES OF MEKBEB BANKS TO U . S . RESIDENTS tiHEfi THAN DEtOSlTOBT
INSTITUTIONS AND SONET HARK FT AOTUkL
FUNDS (GENERAL PURPOSE AND BBOKRB/DEALEfi).

H.6 (508)
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
DIIlions or uonars, noi seasonal! aajuswa

Date

"at commercial
banks

at savings
and loans

Savings deposits
at mutual
savings banks

at
credit unions

total

at commercial
banks

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

1981-OC*.
80¥.
OBC.

156.9
157.2

95.9
9S.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-JAN.
.FEB.
BAR.

156U6
157.5
i5a.4

96,. 7
95.S
95.9

47.9
47.3
47.2

43.5
43.8
44.7

346.8
344.5
346.1

3 59,. 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
86a. 5
879.6

APE,
HA I
JO MB

159.5
159.0
158.8

96.1
95.8
95u8

47.1
46.8
46.9

45.3
45.8
46.4

34a. 1
347.4
347.9

38 U 4
387.7
392.7

387. 8
388.0
389.2

100*2
100.6
101.0

18.8
19.1
19.4

888.1
895.3
902.3

JOLI
AOG.
.SEPT.

158.5
157.9
158.1

95.9
95.2
95.6

46.9
46.6
46.8

46.9
46.5
49.0

34a. 3
346.2
347.4

399.4
404.4
407.2

393.2
394.2
395.1

101.7
101.7
101.5

19.8
20.0
20.1

914.1
920.2
923.9

OC*. P

161.3

9a. 5

47.7

49.5

357.0

406.7

395.3

100\.2

19.4

921.6

157,. 3

WEEK ENDING:
1982-OCat.

6
13
20
27 P

160.2
161.4
161.4
161.5

406*9
406.2
407.0
407.0

NOV..

3 P

162*3

406. 1

1/




total

SPALL DENOMINATION TIBB DEPOSITS —

INCLUDING RETAIL EPS —

A£E TBOSB ISSUED IN AHO0MTS OF LESS THAU $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 deposits1
at
at mutual
commercial at savings
total3
savings
bank$2
and loans
banks

Term RPs4
at
commercial
banks

at thrift
institutions

total

Term
Eurodollar!5

Savings
bonds

Short-term
Bankers
Commercial
Treasury acceptances?
papers
6
securities

1981-0CX.
MOW.
DEC.

246.2
248.1
251.2

46.8
47.1
47.0

6.3
6.2
6.0

299.8
30 U 8
305.4

25.6
2 7,. 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.$
104.5
104.6

1982-JAN..
FEB.
MAR.

252.0
257.0
259.6

4SU2
50.$

6.0
6.3
6.1

307.6
314.2
317.4

23.1?
23.8
22.8

8.8
8.8
8.7

32.5
32.5
31.5

69.9
73.8
74.1

68.1
60,. 8
67.6

181.1
19 U 2
195.0

39.9
39.7
38.4

106.2
109.8
110.2

APB.
HAT
JUNB

260.1
261.8
264.7

51.3
52.1
52.7

6.1
6.0
6.0

317.9
320.3
323*9

25^.2
23.3
21.8

9.0
9.3
9.5

34.2
32.6
31.2

78.2
8Z.5
83.5

67.4
67.4
67.4

194.1
194.9
196.0

38.5
39U6
40.1

110.0
112.8
116.1

JOLT
AOG.
SEP3U

268.7
273.0
273.5

53.1
54.1
54.8

&.0
6.2
6.5

328.3
333.7
335.4

19* 7
22.3
20.3

9.6
9.6
9.6

29.3
32.0
29.9

83.1

67.4

196.3

4a. o

118.0

OCT. P

276.0

56.7

6.6

339.7

21.1

9,.2

30.3

suz

iEBK ENDING:
1982-OC1.

6
13
20
27 P

273.8
277.3
277.5
276.1

19.3
21.5
21.1
20.0

MOV*

3 P

273.9

24*9

1/

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




LABGB DENOMINATION TIME DEPOSITS ABE THOSE ISSUED I N AflOONTS OP $100,000 OB JOBS, BXCLODING THOSE BOOKED AX INTBKNATIO NAI

BANKING FACILITIES (I&FS) .
LABGE DENOMINATION TIMB DBPOSXTS AT COflJIBBCIAL BANKS LESS LXMGE TIHB HBLD BY BONEI BABKBX MUTUAL PONDS AND THBIPT
INSTITUTIONS.
TOTAL LABGE DENOMINATION TIHE DEPOSITS E1CSEDS SOB Of THBEE PBEVJOOS COLUMNS BT SOCB DEPOSITS AT CfiBDIT ONIONS.
TEBH EPS ABE THOSE NITH OBIGINAJ. MATUBITT GBEJkTBB THAN ONE DAT, EXCLUDING CONTINUING CONTBACTS AND B El AIL EPS.
TEfiH EOBODOLLAfiS ARE THOSE HITB OBIGINAL flATOBITT GBBATIB THAN ONE DAT EXCLUDING THOSE HELD BT DBPOSITOBT INSTITUTIONS AND
MONET BASKET H010AL PONDS.
INCLUDES U.S. TfiEASOBT BILLS AND COUPONS WITH BEHAINING HATQBITT OP LESS THAN 18 MONTHS HELD BT OTBEB THAN DEPOS ITOBY INSTITUTIONS, F.R. BANKS, AND HONEY HJLRKET MUTUAL PONDS.
N£? OF BANKEfiS ACCEPTANCES HELD BT ACCEPTING BANKS, J?.B. BANKS, FOBEIGN OFFICIAL INSTITUTIONS, THE FIDBBAL HOHB LOAN BANK
STSTEH, AND HONEY BARKEl HU10AL FUNDS.
TO1AL CCHHEBCIAI .PA-PBB LESS CCBBERCIAL PAPEfi HELD BT MONET BARKE1 MUTUAL FUNDS.

H.6 (508)
Table 4

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

Date

foreign official
institutions

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

demand deposits at
Federal Reserve
Banks
commercial 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

1981-0C3.
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.S

10.7
6.9
8.1

16.7
12.8
14.1

0.7
0.7
0.7

1982-JAN.
JEB.
HAfi.

11.8
11.5
11.2

2.5
2.3
2.4

8.8
8.6
8.6

3.0
2.9
2.8

4.7
5.5
3.3

11.5
17.2
12.7

19.1
25.$
18.9

0.7
0.8
0.8

APfl.
BAY
JUNE

10.7
11.2
11.0

2.1
2.2
2.4

8.5
8.6
8.6

3.7
2.7
3.3

4.5
4.5
3.3

10.1
12.7
7.5

18.3
19.9
14.1

1.0
1.0
1.0

J01X
AUG.
SEPT.

11.4
10-6
10.5

2.5
2.3
2.1

8.8
9.1
9.0

2.6
2.4
3.4

3.3
3.3
3.8

5.7
5.8
9.0

11.7
11.5
16,2

1.0
1.0
1.0

10.6

2.3

9.0

2.7

3*2

13.$

19.1

1.1

9.9
11.3
10.6
10.7

2.6
2.1
2.4
2.3

9.0
8.9
9.0
9.0

2.8
2.0
3.5
2.2

4.7
2.8
2.9
2.8

16-8
13.7
12.7
14.Q

24.4
18. 5
19.1
19.1

1.0
1.1
1.1
1.1

10.3

2.5

9.1

2-9

2.7

11.8

17.4

1.1

OC1.

P

WEEK ENDING:




1982-OC1.

MOV.

6
13
20
27 P
3

P

SPECIAL SUPPLEMENTARY TABLE
Variable-Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase
Agreements At All Insured Commercial Banks and All Mutual Savings Banks
August 31, 1982, September 30, 1982 and, October 31, 1982
(not seasonally adjusted)*

Liability Categories

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

Insuret1 Commercial Banks
Sept. 30
Oct. 3l£
Aug. 31
Amount outstanding
($ millions)
N.A.
3,437
8,345
(470)
(251)

MutualL Savings Banks
Sept. 30
Aug. 31
Oct. 312
Amount outstanding
($ millions)
N.A.
152
424
(12)
(37)

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

5,904
(181)

5,893
(173)

6,243
(183)

815
(34)

789
(30)

835
(28)

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

234,363
(1,908)

231,018
(1,939)

231,039
(1,996)

48,520
(866)

47,639
(857)

47,723
(860)

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

79,471
(1,767)

82,828
(1,806)

87,438
(1,869)

24,920
(481)

25,705
(504)

26,813
(523)

All Savers Certificates6
(standard error of the estimate)

23,622
(397)

24,020
(396)

13,614
(232)

5,911
(94)

6,053
(98)

3,171
(74)

1,001

1,378

2,145

193

245

367

1,282
(118)
96
(35)

2,024
(181)
121
(48)

176
(15)
17
(2)

229
(18)
19
(2)

343
(25)
24
(3)

3-1/2 year ceiling-free time deposits
In: *
Fixed-rate accounts
(standard error of the estimate)
Variable-rate accounts
(standard error of the estimate)

965
(94)
36
(14)

All IRA/Keogh Plan Deposits8

15,615

16,232

16,775

5,919

6,052

6,174

Ceiling free IRA/Keogh Time
deposits in:

8,681

9,245

9,894

1,270

1,370

1,496

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

6,912
(309)
1,769
(113)

7,345
(318)
1,900
(122)

7,841
(332)
2,053
(133)

1,046
(66)
224
(23)

1,130
(71)
240
(25)

1,233
(70)
263
(28)

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

6,934
(351)

6,987
(362)

6,881
(362)

4,649
(191)

4,682
(194)

4,678
(190)

Retail repurchase agreements^
7,609
7,228
7,268
2,134
2,076
2,434
(668)
(standard error of the estimate)
(679)
(729)
(314)
(361)
(457)
p-preliminary
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. 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.
3. 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).
4. 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).
5. 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.
6. 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.
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 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.
8. Ceiling-free IRA/Keogh time deposits of less than $100,000 with original maturities of 1-1/2 years of
more, were 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.
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.


SPECIAL SUPPLEMENTARY TABLE (CONTINUED):

Liability Categories
7- to 31-day money market certificates

Insured Commercial . Banks
Aug. 31
Sept. 30
Oct. 31P
Number of: Offering Institutions
N.A.
6,754
7,624

Mutual Savings Banks
Sept. 30
Oct. 3IP
Aug. 31
Number of Offering Institutions
N.A.
229
238

91-day money market certificates

13,294

13,311

13,248

389

387

386

6-month money market certificates

14,019

14,037

14,009

425

423

422

2-1/2 year and over variable
ceiling certificates

13,524

13,662

13,531

425

423

422

All Savers certificates

14,010

13,993

14,010

425

423

422

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.
N.A.

N.A.
N.A.

N.A.
N.A.

N,A.
N.A.

N.A.
N.A.

N.A.
N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

N.A.

11,548
8,542

11,437
8,622

11,355
8,591

370
313

386
329

388
329

9,076

9,208

9,110

381

379

379

5,420

5,592

5707

226

227

229

3-1/2 year ceiling-free IRA/Keogh
time deposits in:
Fixed-rate accounts
Variable-rate accounts
All IRA and Keogh Plan deposits
Ceiling-free IRA/Keogh time
deposits in:
Fixed-rate accounts
Variable-rate accounts
All other IRA/Keogh time and savings
deposits
Retail repurchase agreements
N.A. - Data not available.
P—Preliminary.
NOTE:




See table 1.15 in the Federal Reserve Bulletin for regulatory ceiling rates on specific account
categories.

Supplementary Table
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
Current
Experimental
Alternative

448.6

446.1

21.0

11.4

February

447.3

446.6

-3.5

1.3

March

448.3

449.0

2.7

6.4

April

452.4

450.7

11.0

4.5

May

451.5

450.9

-2.4

0.5

June

451.4

452.0

-0.3

2.9

July

451.3

450.5

-0.3

-4.0

August

455.2

455.7

10.4

13.9

September

460.5

462.2

14.0

17.1

October

468.3

467.8

20.3

14.5

1982 - 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-raonth seasonal variations, holiday effects, outlier adjustments, special events adjustments, and serially correlated noise components.