Full text of H.6 Money Stock Measures : October 14, 1983

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FEDERAL RESERVE statistical release
H6(508)
Table 1

For Release at 4:15 p.m. Eastern Time

OCT.

MONEY STOCK MEASURES AND LIQUID ASSETS

1 4 , 1983

Billions of dollars
M1

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

Date

M3
M2
Seasonally adjusted
M1 plus
overnight RPs
and Eurodollars, M2 plus large
time deposits,
MMMF
term RPs and
balances (gen.
Institution-only
pur. and
broker/dealer),
MMMF
balances3
MMPAs,
and savings
and small t'me
deposits2

E

M1

L

M3 plus other
liquid assets4

M3,.
M2 k
Not seasonally adjusted
M1 plus
overnight RPs
and Eurodollars, M2 plus large
time deposits,
MMMF
balances (gen. term RPs and
pur. and
institution-only
broker/dealer),
MMMF
balances3
MMDAs,
and savings
and small time
deposits2

I

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

L

M3 plus other
liquid assets4

#982—SEPT.
OCT.
MOV.
DEC

463.2
468.7
474.0
478.2

1917.0
1929.7
1945.0
1959.5

2333.9
2352.0
2370.2
2377.6

2840.5
2866.0
2882.4
2896.8

461.0
470.6
479.0
491.0

1908.7
1928.6
1943.6
1964.5

2324.4
2350.4
2369.2
2385.3

2825.5
2860.9
2881.3
2904.7

1983--JJ.IL

482.1
491.1
497.6
496.5
507.4
511,7
515.5
516.7
517.4

2010.0
2050.8
2069.9
207 *U 3
2096.2
2114.3
2126.0
2136.9
2145.7

2403.3
2430.6
2447.1
2453.9
2476.2
24*8.7
2510.2
2528.5
2544.0

2930.6
2960.2
2987.6
3006.0
3032. 1
3059.9

489.7
480.6
489.2
504.5
499.8
508.3
514.7
511.6
514.4

2018.3
2042.5
2065.9
2088.4
2092.7
2114.0
2127.4
2129.2
2137.4

2415.1
2427.0
2445.6
2465.4
2471.5
2495.4
2508.1
2519.5
2534.6

2945.5
2964.6
2992.3
3020.9
3030.6
3056.2

FEB.
BAB.
APB.
HAT
JOME
JULY
AUG.
SEPT. P

M1
For period ended

13-week
average

Seasonally adjusted
4-week
average

week average

13-week
average

Not seasonally adjusted
4-week
average

week average

1SS3-5EPX. 7
14
21
28 P

514.8
515.1
515.6
516.4

516.0
515.7
516.1
517.4

518.4
515.5
517.5
518.3

512.2
512.7
513.2
513.6

512.0
513.1
514.8
514.4

522.4
520.0
513.3
501.8

OCT.

516.6

517.1

517.2

513.3

513.7

519.8

NOTE:

5P

SPECIAL CA0TIG1 SHOULD BE TAKE* III IHTEBPBEIIHG HEE£-TO-JiBEK CBA1GSS II HOME I SUPPLY DATA, ERICH ABE
HIGHLY VOLATILE AMD SUBJECT TO BEVISIOB.
P—INDICATES PBELIHIIAIY DATA.
FOOTNOTES APPBAfi ON THE FOLLOBING PAGE




H.6(508)
Table 2

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

M1

M2

M3

1983 TO SEPT. 1983

4.5

5.9

7.3

6 MONTHS FRCfi MAB. 1983 TO SEPT. 1983

8.0

7.3

7.9

12 MONTHS FBOfl SEPT. 1982 TO SEPT. 1983

11.7

11.9

9.0

Date
3 MONTHS FROM JQNE

THIRTEEN WEEKS ENDING OCT. 5, 1983
F&Ofl THIRTEEN SEEKS ENDING:

1/

2/

3/

4/

JULY

6, 1983 (13 SEEKS PREVIOUS)

8.3

APR.

6, 1983 (26 HEEKS PREVIOUS)

10.2

OCT.

6, 1982 (52 HEEKS PREVIOUS)

12.4

FOOTNOTES TC TABLE 1
AVERAGES OF EAI1Y FIGURES FOR (1) CUiRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND
THE VAULTS OF COMMERCIAL 3A IKS; (2) TRAVELERS CHECKS OF NONBA1K 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 CF NEGOTIABLE
ORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORY
INSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, 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 THBIFT INSTITUTIONS
TO SERVICE THEIR CCD LIABILITIES.
INCLUDES OVEENIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COMMERCIAL BANKS AMD EURODOLLARS
ISSUED BY FOREIGN (PRINCIPALLY CARIBBEAN AND LONDON) BLANCHES OF U.S. BANKS, HMDAS, SAVINGS
AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS—INCLUDIIG RETAIL H P S — I N AMOUNTS OF LESS
THAN $100,0G0), AND BALANCES IN BOTH TAXABLE AND TAX-EXEMPT GENERAL PURPOSE AND BROKER/DEALER
MONEY MARKET MUTUAL FUNDS. EXCLUDES IRA AND KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AND MONEY
MARKET FUNDS, ALSO EXCLUDES AMOUNTS HELD BY U.S. COMMERCIAL BANKS, MONEY MARKET FUNDS (GENERAL
PURPOSE AND EROKEB/DEALER), FCBEiGN GOVERNMENTS AND COMMERCIAL BANKS, AND TflE U.S. GOVERNMENT,
M2 HILL DIFFER FRCM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION
ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMCONT OF DEMAND DEPOSITS AHD VAULT CASH HELD BY
THRIFT INSTITUTIONS TC SEBVICE TIME AND SAVINGS DEPOSITS.
INCLUDES LARGE DENOMINATION TIME DEPOSITS AND TERM RPS (IN AMOUNTS OF $100,000 CB MORE) ISSUED
BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS,
THE U.S. GOVERNMENT, MONEY MARKET FUNDS, AND FOREIGN BANKS AID 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 MONEY MARKET
MUTUAL FUNDS.
OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHOBT-TEEM
TREASURY SECURIIIES, COMMERCIAL PAPER* BANKERS ACCEPTANCES, AMD TERM EURODOLLARS HELD BY U.S.
HESIDENIS, NET CF MCNEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS-




H.6(50S)
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS

3

Billions of dollars, seasonally adjusted unless otherwise noted

Date

Currencyi

Travelers
checks2

Other
Overnight Overnight
Demand checkable
RP*5
Euro4
deposits3 deposits
dollars6
NSA

at
commercial
banks

at
thrift

total

Institutions

Small denomination
time deposits-9
at
at
total
commec*
thrift
ciai
Institubanks
tions

Money market
mutual fund balancesiO
general
purpose Institution
only
and broker/
dealer

0.0

159.6

190.4

330. 0

391.4

491.8

883.2

185.1

48.2

101.3

38.5
38.5

6.5
6.7
5.8

0.0
0.0
43.2

162.3
166.2
163.4

195.7
200.1
195.9

358.0
366.4
359.3

389.9
389.2
383.2

468. 1
485.8
475.9

878.0
87«.9
859.1

187.6
191.1
182.2

49.3
49.9
47.6

239.4
238.7
240. 1

104.5
112.5
116.0

40. 1
41.0
40.9

7.2
7.8
7.8

189.1
277.7
320.5

151.7
144.7
142.3

183.3
181.0
180.4

335.1
325.7
322.7

356.7
337.7
326.8

44J.7
417.4
407.0

797.11
755.1
733.8

166.7

159.6
154.0

46.1
45.2
43.5

4.6
4.7
4-7

23 8.9
242.5
244.0

115.0
120.9
122.7

42.5
46.0
46.6

8. 1
9. 1
9.4

341.2
356.8
36 7.3

140.8
140.8
140.8

180.7
182.3
184.2

321.5
323.1
325.0

321.5
318.8
319.5

404.2
401.4
402.6

725.7
720.1
722-1

146.7
141.1
139.6

4)1.0
40.4
39.2

140.9
141.8

4.6
4.7

24 5.8

2*4.5

121.2
125.8

43.5
42.5

9.2
10.0

368.4
366.3

139.6
138.3

183.9
183.8

323.5
322.1

326.1
332.2

408.9
415.7

735.1
7«8.0

138.«
138.7

38.6
38.41

14 3.1

4.7

243.5

126.1

43.1

10.1

366.9

137.41

183.3

320.7

337.0

420.7

757.7

137.1

39.1

4.4

131. J
1J1.9
132.8

4. 4
4.4
4.2

1983-JAtf.
FEB.
MAB.

134.2
135.6
137.0

APkHAY
JUVE

94.3

34.1

236.C
237.6
239.8

97.0
100.1

37.4

4. 1
4.3
4.5

138.0
139.3
140.3

JULY
AUG.
SBPT.P

OCI.
NOV.
DEC.

Savings deposits8

7.4

130.5

1982-SEPT.

NSA

Money
market
deposit
accounts 7
NSA

234.C

WEEK SNDING
1983
SBPT. 7
14
21
29 P

142.4
142.8
14 3.0
143.6

245.4
242.3
24 3.8
242.9

125.9
125.7
126.0
127.0

42.1
4 3.3
43.1
43.5

9.4
10.0
10.3
10.6

366.2
366.8
366.7
367.4

' 137.4
137.0
137.0
136.7

335.5
336.7
337.8
338.6

137.8
137.41
137.0
136.4

38.7
38.4

OCT.

143.5

243.7

125.3

44.7

10.6

369.5

136.5

339.3

136.8

39.6

5 P

19.3
39.6

CUBBENCY OUTSIDE THE U.S. TBEASUBY, P.B. BANKS AND VAULTS OP COMMERCIAL BANKS. BXCLOOtS THE ESTIMATED AMOUNT OP fAQLT CASH
HELD BY THBIPT INSTITUTIONS TC SEBVICE THEIB OCD LIABILITIES.
2/ OUTSTANDING AMOUNT OP U.S. DOLLAR-DENOMINATED TBAVELEBS CHECKS OP NONBAHX ISSOEBS.
3/ DEMAND DEPOSITS AT COMMERCIAL BANKS AND FOBEISN BELATED INSTITUTIONS CTHfB TBAB THOSE DUB TO OOflBSTIC BANKS, THE U.S. GOVERN3ENT AMD POBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS OF COLLECTION AND P.B. FLOAT. BICLUDBS THE
ESTI3AT2D AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THBIPT INSTITUTIONS TO SBBVICB THIIB OCD LIABILITIES.
INCLUDES ATS AND NCH BALANCES AT ALL DEPOSITOBY INSTITUTIONS EXCEPT CREDIT UNIONS, CBBDIT UNION SHABB DRAFT BALANCES AND
DBMAND DEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTBD BQUALS THE DIFFERENCE BETHECN THE
SEASONALLY ADJUSTED SUM OF DEMAND DEPOSITS PLUS OCD AND SEASONALLY ADJUSTED DEMAND DEPOSITS. INCLUDED ABB ALL CEILING
FREE "SUPER NOUS," AOTHOSIZBD BY THE DEPOSITOBY INSTITUTIONS DEBSGULfcTION CCBHITTEE TO BE OFFERED BEGINNING JANUARY 5,
1983. PBBLIMINABY DATA INDICATE THAT BALANCES IN "SUPER NOUS" UlUB ABOUT $34.5 BILLION IN TBB UEBK BNDBD SBPTB8BEB 21,
ABOUT $33.8 BILLION IN 1BE NEEK ENDED SEPTEMBER 28, AKD ABOUT $35.0 MILLION IN THE BBBK EJflOtD OCTOBBB 5. THESE
FIGURES INCLUDE BALANCES IN "SUPER NOUS* AT COHHEBCIAL BANKS OP ABOflT $241.6 BILLION IN THF ftgEK BNDBD SEPTEMBER 21,
AND ABOUT $23.9 BILLION IN THE HEEK ENDED SEPTEMBER 2£. FIGUBES FOR THE LATEST MEEK ABB NOT Y8T AVAILABLE BY TYPE OP
INSTITUTION,
5/ INCLUDES OVEBNIGHT AND CONTINUING CONTRACT BPS ISSUED BY COHHEBCIAL BAMKS TO OTHER THAN DBPOSITOBY INSTITUTIONS AND HONEY
&ABKET HUTU & FUNDS (GENERAL PURPOSE AND BBOXEB/DEALEB).
ISSUED BY FOSEIGN (PRINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS TO U.S. RESIDENTS OTHBfc O A H
DEPOSITOBY INSTITUTIONS AND HCNE7 JfARKEl ftOTUAL FUNDS.
7/
MONEY MARKET DEPOSIT ACCOUNTS (MHDAS) faERE AUTHORIZED BY THE DEPOSITOSY INSTITUTIONS DEBEGULATION COMMITTEE TO BB OPPEBED
BEGINNING DECEMBER 14, 1982.
a/ SAVINGS DEPOSITS EXCLUDE fiHCAS.
9/ SHALL DENOMINATION TI«£ DEPOSITS — INCLUDING RETAIL RPS — ABE THOSE ISSOED IN AMOUNTS OF LESS THAN 1100,000. ALL INDIVIDUAL
B2TX&EMEN? ACCOUNTS (IUA) AND KEOGH &CCCUNTS AT COMMERCIAL BANKS AND THRIFTS ARC SUBTRACTED FROM SHALL TIME DEPOSITS.
10/ NUT SEASONALLY ADJUSTED, INCLUDES BALANCES IN BOTH TAXABLE AND TAX-EXEMPT FUNDS. ALL INDIVIDUAL RETIREMENT ACCOUNTS
ABE EXCLUDED.

V




H.6(508)
Table 3—continued
v*v/mr r vsracra i o w r mvs
Billions of dollars, seasonally adiusted unless otilerwise noted
Large denomination time deposits1
at commercial
at thrift
Date
banks2
total
institutions

4
at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

Term 4
Eurodollars
total
NSA

Savings
bonds

Short-term
Treasury
securities^

Banke?
acceptances^

Commercial
paper7

NSA

273.6

62.5

336.1

24.6

11.8

36.4

80.6

67.5

203.6

41.4

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

81.1

79.5
80.1

67.6
67.8
67.9

210.3
214.5
217.6

42.8
43.1
44.9

112.3
107.3
108.8

1983-JAH.
FEB.
MAR.

247.6
235.2
231.6

63.1
62.7
64.6

310.7
297.9
296.2

27.9
28.6
29.4

12.6
12.2
12.3

40.6
40.8
41.7

81.1
83.5
86.0

68.1
68.5
68.8

219.3
219.3
22*. 5

45.3
43.2
42.0

113.5
115.1
119.2

APB.
HAT
JUNE

231.0
226.7
228.8

69.2
72.5
75.3

300.2
299.2
304.1

30.3
32.7
31.5

12.4
12.5
13.0

42.7
45.3
44.5

88.7
90.8
91.3

69.2
69.6
69.8

230.4
231.4
237.0

41.2
«0.8
40.2

122.5
123.4
122.9

JULT
AUG.
SEPT. P

226.0
226.7
227.1

79.9
85.1
90.8

305.9
311.8
317.9

29.5
31.6
31.6

13.3
13.2
13.3

42.8
44.8
%4.9

1982-SEPT.

1

WEEK ENDING:
1983-SEPT.

OCT.

i7
2/
3/

V

5/
6/
7/

7
14
21
28 P

227.8
228.1
226.7
226.7

32.7
31.9
31.5
30.8

5 P

227.7

29.9

BANKING FACILITIES (IBFS).
LAEGE DENOMINATION TIflE DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM EPS AHE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL BPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY DEPOSITORY IHSTITDTIONS AND
MONEY MARKET MUTUAL FUNDS.
INCLUDES U.S. TREASURY BILLS AND COUPONS IITH REMAINING MATURITY OF LESS THIN 18 MONTHS HELD BY OTHER THAN DEPOSITORY INSTITUTIONS, F.R. BANKS, AND MONEY MARKET MUTUAL FUNDS.
NET OF EANKEfiS 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 LFSS 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
Demand deposits
Date

1

Currency

Travelers
checks2

at member
banks3

Other checkable deposits

at domestic
nonmember
banks4

at foreignrelated
banking
offices
in the U.S.5

total 6

at
commercial
banks7

at thrift
Institutions8

total

Overnight
RPs 9

Overnight
Eurodollars

130.2

4.7

152.5

77.0

3.9

232.9

73.4

19.9

93.3

34.1

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
81.0

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.
HAB.

133.2
133.7
135.4

3.9
4. 1
4.3

161.9
153.4
155.4

80. 1
76.2
76.5

3.7
3.6
3.7

245.1
232.8
235.2

82.4
83.6
86.7

25.1
26.4
27.7

107.5
110.0
114.3

40.1
41.0
40-9

7.2
7.8
7.8

APR.
HAT
JUHE

137.4
138.9
140.3

4.4
4.5
4.9

160.1
157.4
160.2

79.0
77.5
78.6

3.8
3.7
3.7

242.4
238.2
242. 1

90.8
88-7
90.7

29.5
29.5
30.3

120.2
118.2
121-0

42-5
46.0
46.6

8.1
9.1
9.4

JOLY
AUG.
SEPT. P

142.0
142.1
142.7

5.2
5.1
5.0

162.7
160.8
161.5

79.1
77.4
77.7

3.7
3.6
3.4

245.1
241.3
242.1

91.7
92.2
93.3

30.8
30.8
31.3

122.5
123.0
124.6

43.5
42.5
43.1

9.2
10.0
10.1

1982-SEPT.

10

WEEK ENDING:
1983-SEPT.

OCT.

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




7
14
21
28 P

144.1
143.0
142.3
141.3

163.5
163.4
161.6
157.4

79.8
79.3
77.3
74.6

3.4
3.3
3.4
3.4

246.2
245.5
241.8
234.9

95.1
94.9
93.3
90.3

32.0
31.6
30.9
30.3

127.1
126.6
124.2
120.6

42. 1
43.3
43. 1
43.5

9.4
10-0
10.3
10.6

5 P

143-1

164.6

78.5

3.5

246.1

93.7

32.1

125.8

44.7

10-6

C0RBENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED AMOUNT OF VAULT
CASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AMOUNT CF U.S. DCLLAR-DENCHINATED TRAVELERS CHECKS OF NONBANK ISSUERS.
DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE 0-S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS CF THE PEDERAL RESERVE SYSTEM.
DEMAND DEPOSITS OTHER THAN THOSE DUE TC DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AID OFFICIAL INSTITUTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONHEMBER 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 DERAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT
INSTITUTIONS TO SERVICE THEIR CCD LIABILITIES.
NOW AND ATS EALANCES AT COMMERCIAL BANKS, BRANCHES AND AGENCIES OF FOREIGN BANKS, AHD EDGE ACT CORPORATIONS; INCLUDES
SUPER NOW ACCCUH13.
NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND
DEMAND DEPOSITS AT THRIFTS; INCLUDES SUPER NOW ACCOUNTS.
INCLUDES OVERNIGHT AND CONTINUING CONTRACT PPS ISSUED BY COMMERCIAL EANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AND MONEY
MARKET MUTUAL FUNDS (GENEHAL PURPOSE AND BROKER/DEALE3).
ISSUED BY FOREIGN (PRINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKE3/CEALFP).

H.6 (508)
Table 3A—continued

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

6

Date

Small denomination time deposits2

Savings deposits1

Money market deposit accounts
at
commercial
banks

at
thrift
institutions

total

at
commercial
banks

at
thrift
institutions

total

at
commercial
banks

at
thrift
institutions

total

Large denomination time deposits3
at
commercial
banks4

total5

at
thrift
institutions

0-0

0.0

0.0

159.7

188-5

348.2

389.7

489.3

879.0

272.7

62,2

334.9

OCT.
NOV.
DEC.

0.0
0.0
26-5

0.0
0.0
16.8

0.0
0.0
4 3.2

163.0
165.0
161.8

194.8
198.3
19 5-0

357.8
363.4
356.7

388.3
387.1
380.2

487.0
484-5
473-6

875.3
871.6
853.9

275.0
274.6
270.0

64. 1
66.3
66.5

339. 1
340.8
336.5

1983-JAN.
FEB.
NAB.

114.2
16 3.3
185.8

74.9
114,5
134.6

189.1
277.7
320.5

150.3
143.5
142. 1

184.3
131.0
181. 1

334.7
324.5
323.2

356.3
339.3
329.2

442.3
419.2
408.5

798.6
758.5
737.7

250.4
238.7
233.4

63.8
63.9
65.5

314.2
302.6
298.9

APR.
HAY
JUNE

198.0
20 7.6
215.0

143.2
149.2
152.3

34 1-2
356.8
36 7.3

141.9
141.7
141.5

182.4
182-9
184.8

324.3
324.6
326.3

322-7
320.4
321.0

405.9
402.3
402.8

728.6
722.7
723.9

229.1
225.3
226.2

68.9
72.6
74.8

298.0
298.0
301.0

JULY
AUG.
SEPT.P

216.9
217.4
219.5

151.5
148.8
147.4

368.4
366.3
366.9

141.0
138.8
137.1

185.6
182.7
181. 1

326-6
321.5
318.2

325-6
331-6
335.9

408.7
414.4
419.0

734.3
746.0
75 4-9

223.2
225.9
226.7

79. 1
84.6
90.3

302.3
310.5
317.0

1983
SEPT. 7
14
21
28 P

218.7
219.4
219.5
22 0.0

147.5
147.4
147.2
147.3

366.2
366.8
366.7
367.4

137.8
137.5
136.9
136.4

334.7
335.6
336.2
336.7

227.9
226.7
225.2
226.9

OCT.

22 1.5

148.0

36 9.5

137.2

337.4

226.7

1982-SEPT.

SEEK ENOIRG

1/
2/

3/
4/
5/

5P

SAVINGS DEPOSITS EXCLUDE H.IDAS.
SHALL DENOMINATION TIHE DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AHOUNTS OF LESS THAU $100,000. ALL
INDIVIDUAL RETIREMENT ACCOUNTS (IfiA) AND KEOGH ACCOUNTS AT COHMERCIAL BANKS AND THRIFTS ABE SUBTRACTED FROH SHALL
TIME DEPOSITS.
LARGE DENOHINATICN TIHE DEPOSITS ARE THOSE ISSUED IN AHOUNTS OF $100,000 OR HORE, EXCLUDING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOMINATION TItiF DEPOSITS AT COKMEBCIAL BANKS LESS LARGE TIHE HELD DY HOBEY NARKET lUTUAL FUNDS AND THRIFT
INSTITUTIONS.
TOTAL LARGE DENOMINATION TIME DEPOSITS EXCEEDS SUM OF THREE PREVIOUS COLUMNS BY SUCH DEPOSITS AT CREDIT UNIONS.




H.6 (508)
Table 3A—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
7

BiSlions of dollars, not seasonally adjusted
Term RP's 1
at
commercial
banks

Date

at
thrift
institutions

total

Term
Eurodollars 2

Savings
bonds

Short-term
treasury
securities 3

Bankers
acceptances

Commercial
paper *>

24.6

11.8

36.4

80.6

67.5

199.2

41.8

112.0

OCT.
NOV.
DEC.

26.0
27.8
28.2

11.7

11.6
12.1

37.7
39.4
40.3

81.1
79.5
80.1

67.7
68.0
68.2

206.8
212.5
216.8

43.4
43.9
45.1

111. 5
108. 2
109.2

1983-JAN.
FEB.
HA 8 .

27.9
28.6
29.4

12.6
12.2
12.3

40.6
40.8
41.7

81.1
83.5
86.0

68.4
68.5
68.7

221.3
225.5
231.1

45.4
43.5
41.5

114. 1
116.6
119.1

APH.
HAY
JUNE

30.3
32.7
31.5

12.4
12.5
13.0

42.7
45.3
44.5

88.7
90.8
91.3

69.0
69.3
69.6

234.3
234.4
236.5

40.7
40.4
40.1

122.8
124. 2
123.3

JOLT
AUG.
SEPT.

29.5
31.6
31.6

13.3
13.2
13.3

42.8
44.8
44.9

19 8 2 - S B P T .

P

MEEK ENDING:
1983-SEPT.

OCT.

1/
2/
3/
4/
5/

7
14
21
28 P

32.7
31.9
31.5
30.8

5 P

29.9

TERM RPS ARE THOSE WITH ORIGINAL HATORITY GREATER THAH ONE DAY, EXCLUDING CONTINUING CONTRACTS AMD RETAIL RPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATE8 THAN ONE DAY EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS AND
BONEY 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 HOWE LOAN BANK
SYSTEM, AND MONEY MARKET MUTUAL FUNDS.
TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.




H.6 (508)
Table 4

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

Data

1982-SEPI.

foreign
commercial
banks

8.4

foreign
official
institutions

2.0

8
Time and
savings
deposits
due to foreign
commericai
banks and
foreign official
institutions

9.4

U.S. government deposits

IRA and Keogh Accounts

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

demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

3.3

3.8

9.0

16.1

1.1

16.0

25.8

4.3

46.2

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

commericai
banks

thrift
institutions

money
market
mutual funds

total

OCT.
NOV.
DEC,

8.4
8.4
8.6

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

1983-JAH.
FEB.
BAR.

7.8
7.9
8.1

2.1
2.0
1.9

8.7
8.3
8.1

2.8
2.8
2.7

3.3
3.2
3.3

13.5
7.4
10.4

19.6
13.4
16.5

1.0
0.9
1.0

19.3
20.7
22.8

28.8
29.7
31.3

4.7
4.8
4.9

52.8
55.2
59.0

APR.
RAT
JURE

7.9
8.1
8.2

2.0
2.0
2.0

7.9
7.7
7.7

3.9
2.5
3.4

3.8
3.6
3.4

10.3
10.0
9.8

18.0
16.0
16.6

1.1
0.9
0.8

26.2
27.3
27.9

33.6
34.9
35.6

5.2
5.2
5.2

65.1
67.4
68.7>

JOLT
AOG.
SEPT.P

8.3
8.1
8.3

2.0
2.1
2.0

7.6
7.6
7.5

2.8
2.4
3.2

4.2
3.5
7.4

19.1
14.0
14.8

26.0
19.9
25.4

0.8
0.8
0.8

28.4
28.9
29.5

36.4
37.1
37.6

5.3e
5.4e
5.4e

70. 1e
71.4e
72.6e

1983
SEPT. 7
14
21
28 P

8.8
8.8
7.6
7.9

2.3
1.9
1.9
1.7

7.6
7,6
7.6
7.5

2.7
3.0
4.9
2.4

3.4
3.4
7.2
14.2

8.5
9.5
18.5
20.7

14.7
15.9
30.6
37.2

0.8
0.8
0.8
0.8

OCT.

8.0

2.0

7.4

2.8

12.3

21.0

36.1

0.7

KEEK EBDIMG:

5 P

est Hated







SPECIAL SUPPLEMENTARY TABLE
Monthly Survey of S e l e c t e d D e p o s i t s and Other Accounts
At All Insured Commercial Banks and All Mutual Savings Banks
August 3 1 , 1983 and September 28, 1983P

(not seasonally adjusted) 1

Liability Categories
"Super NOW" accounts
(standard error of the estimate)*

Ins
Amount Outstanding (S Mil.)
Sept. 28P
Aug. 31
25,576
25,161
(298)
(292)
220,035

Average Rate Paid
Aug. 31
Sept. 28P
7.47
7.35

Number of I ssuing Banks
Aug. 31
Sept. 28P
12,183
12,252

8.57

8.51

12,706

12,691

7- to 31-day money market certificates4
(standard error of the estimate)

5,357
(555)

5,345
(548)

8.71

8.53

6,852

6,776

91-day money market certificates5
(standard error of the estimate)

7,666
(303)

7,911
(286)

9.23

8.77

12,650

12,600

6-month money market certificates6
(standard error of the estimate)

185,574
(2,079)

186,511
(2,166)

9.76

9.37

13,998

13,997

91,278
(1,806)

91,626
(1,817)

10.59

10.33

12,806

12,964

Money market deposit accounts^

1-1/2 year and over variable ceiling
certificates7
(standard error of the estimate)

217,333

N.A

2-1/2 year ceiling-free time deposits 8

14,002

15,068

10.78

10.55

N.A.

All IRA/Keogh Plan deposits 9

29,104

29,687

10.63

10.46

N.A.

N.A

8.48

8.25

3,778

3,879

Retail repurchase agreements 10
(standard error of the estimate)

Liability Categories

2,037
(484)

2,084
(493)

State-Chartered Mutual Savings Banks 11
Amount Outstanding ($ Mil.)
Number of Issuing Banks
Average Rate Paid
Aug. 31
Sept. 28P
Sept. 28P_
Sept. 28P
Aug. 31
Aug. 31
760
(38)

879
(0.2)

7.68

7.77

243

242

27 348
(59)

27 752
(104)

8 91

8 86

363

362

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

266
(41)

323
(76)

8.90

9.54

132

143

91-day money market certificates 5
(standard error of the estimate)

447
(27)

473
(28)

9.25

8.79

332

326

6-month money market certificates6

30,479
(772)

30,927
(1 290)

9.76

9.39

388

385

21,756
(631)

22,238
(939)

10.98

10.72

378

358

"Super NOW" accounts
(standard error of the estimate) 2

(standard error of the estimate)

1-1/2 year and over variable ceiling
certificates7
(standard error of the estimate)
2-1/2 year ceiling-free time deposits 8

3,080

3,329

11.28

11.09

N.A.

N.A.

All IRA and Keogh Plan deposits 9

6,760

6,942

10.94

10.67

N.A.

N.A.

Retail repurchase agreements 10

768
(N.A.)

817
(N.A.)

9.82

9.72

142

133

p - preliminary
N.A - Data not available.
1. Estimates are based on data collected by the Federal Reserve from a s t r a t i f i e d random sample of about 550
banks and 75 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 a l l funds deposited are
e l i g i b l e to earn more than 5.25 percent.
3. Monev market deposit accounts (MMDAs)—Deposits with a $2,500 i n i t i a l and average balance requirement, no
required minimum maturity but i n s t i t u t i o n s must reserve the right to require at least seven day's notice prior
to withdrawal, no r e s t r i c t i o n s on depositor e l i g i b i l i t y , or limitations on the amount of interest that may be
paid unless the average balance f a l l s below $2,500 during which period the NOW account rate c e i l i n g applies;
such accounts may allow up to six transfers per month, no more than three of which may be draft and may permit
unlimited withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based on
data collected by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banks.
Beginning t h i s week, data on amounts of MMDAs outstanding at MSBs are no longer taken from this source which
included FSBs; as a result the July data vary from l e v e l s published previously (see footnote 11).
4. 7- to 31-day money market c e r t i f i c a t e s are nonnegotiable time deposits that require a minimum daily balance of
$2,500, but l e s s 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 i n t e r e s t i s tied to the discount yield (auction average)
on the most recently issued 91-day Treasury b i l l .
5. 91-day money market c e r t i f i c a t e s are negotiable or nonnegotiable time deposits issued in denominations of at
least $2,500, but l e s s than $100,000, with original maturities of exactly 91 days for which the maximum permissible rate of interest on new deposits i s tied to the discount yield on the most recently issued 91-day (13-week)
Treasury b i l l (auction average).
6. 6-month money market c e r t i f i c a t e s (MMCs) are nonnegotiable time deposits in denominations of $2,500, but l e s s
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 b i l l (auction average).
7. This category includes a l l 4-year and over variable c e i l i n g accounts having no legal minimum denomination
issued between July 1 and December 31, 1979, a l l 2-1/2 year and over variable ceiling accounts issued between
January 1, 1980, and March 31, 1983, and a l l 1-1/2 year variable ceiling accounts authorized beginning April 1,
1983.
8. Ceiling-free time deposits are a l l negotiable or nonnegotiable time deposits in denominations of l e s s 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 a l l 2-1/2 year c e i l i n g - f r e e time deposits authorized beginning April 1, 1983. Excludes IRA/Keogh
accounts.
9. All IRA/Keogh Plan time deposits regardless of s i z e , type of instrument in which held, or interest rate paid.
10. Retail repurchase agreements are in denominations of l e s s than $100,000 with maturities of l e s s 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.
11. Over the last several months the number of mutual savings banks has declined sharply largely due to the
conversion of MSBs to federal savings banks. As a result month-to-month changes in the amounts outstanding in
various accounts are distorted downward.
NOTE:

See table 1.16 in the Federal Reserve Bulletin for regulatory c e i l i n g rates on specific account categories.

Supplementary TabLe 2
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
1982 - September

Annual growth
rates in percent
Current
Experimental
Alternative

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

482.1

481.0

9.8

6.3

February

491.1

490.7

22.4

24.2

March

497.6

498.7

15.9

19.6

April

496.5

498.7

-2.7

0.0

May

507.4

507.6

26.3

21.4

June

511.7

510.8

10.2

7.6

July

515.5

512.2

8.9

3.3

August

516.7

515.2

2.8

7.0

September

517.4

515.3

1.6

0.2

1983 - 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-month seasonal variations, holiday effects, outlier adjustments, special events adjustments, and serially correlated noise components.