Full text of H.6 Money Stock Measures : September 10, 1982

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FEDERAL RESERVE statistical release
For Release at 4:10 p.m. EDT

H.6 (508)
Table 1

MONEY STOCK MEASURES AND LIQUID ASSETS

SEPT. 10, 1982

Billions 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-A0G.
SEPT.

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:

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

L
M3 plus other
liquid assets6

431.1
431.2

43.1
39.6

122.2
130.6

1772.4
1778.3

2126.0
2138.1

2559.7
2577.2

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

2600.0
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

2204,3
2215.0
2235.8

2667.4
2689.9
2716.8

APR.
HAT
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

2258.1
2279.3
2295.9

2752.3

JOLT
AUG. P

451.2
455.2

43.4
44.7

171.3
180.0

1923.3
1946.1

2320.2
2355,3

4
11
18
25 P

453.5
453.6
454.9
456.2

45.4
43.9
44.6
45.6

175.8
178.3
180.2
182.1

1P

457.1

*4.3

182.3

WEEK ENDING:

1982-AUG.

SEPT.

1/

AVERAGES OP DAILY FIGURES POR (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 DONESTIC BANKS, THE U.S. GOVERNMENT, AND FOREIGN BANKS AND OFFICIAL
INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION AND FEDERAL RESERVE FLOAT; AND (4) OTHER
CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE ORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER
SERVICE (ATS) ACCOUNTS AT BANKS AND THRIFT INSflTUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS (CUSD)f 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 COMMERCIAL BANKS TO OTHER THAN DEPOSITORY
INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) , AND OVERNIGHT
EURODOLLARS ARE THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY
INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) .
3/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS — INCLUDING RETAIL RPS — IN AMOUNTS
OF LESS THAN $100,000) ISSUED BY COHHERCIAL BANKS AND THRIFT INSTITUTIONS. H2 WILL DIFFEP FPOH 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 MORE, 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
IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS HELD
BY INSTITUTION-ONLY HONEY 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 HONEY MARKET MUTUAL FUND
HOLDINGS OF THESE ASSETS.
NOTE: P INDICATES PRELIMINARY DATA. SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN
MONEY SUPPLY DATA, WHICH ARE OFTEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS AND
MONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY PEVISIONS 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

430.4
431.5

43.1
39.6

122.2
<30. 6

1766.9
1775.7

2115*4
2132.4

2544.2
2568.3

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.
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

2681.7
2697.9
2722.8

APR.
RAT
JUNE

455.5
445.1
450.5

40.4
42.8
43.1

161.9
164.3
168.6

1887.9
1888.9
1906.3

2266.1
2269.3
2290.0

2762.9

JULY
AUG. P

454.0
454.0

43.4
44.7

171.3
180.0

1924.7
1938.7

2314.1
2342.0

4
11
18
25 P

454.5
458.0
455.1
449.0

45.4
43,9
44.6
45.6

175.8
178.3
180.2
182.1

SEPT. 1 P

452.9

44.3

182.3

1981-AUG.
SEPT.

SEEK ENDING:
1982-AOG-

NOTE:

SEE TABLE 1 FOR FOOTNOTES.




H.6<508»
Table 2

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

Date

M1

M2

M3

HAT

1982

(3 HONTHS PREVIOOS)

3;3

10.2

13.3

FEB.

1982

(6 MONTHS PREVIOOS)

3.5

10.6

12.7

AUG.

1981

(12 MONTHS PREVIOOS)

5.6

9.8

10.8

FOUR WEEKS ENDING: SEPT. 1, 1982
FROH FOOR WEEKS ENDING:
JONE

2, 1982 (13 WEEKS PPEVIOOS)

2.8

BAR.

3, 1982 (26 WEEKS PREVIOUS)

3.7

SEPT.

2, 1981 (52 WEEKS PREVIOOS)

5.7




H.6 (508)
Table 3

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

Currency1

Date

Travelers
checks2

Demand
deposits3

Other
Overnight
checkable
RPs 5
4
deposits
NSA

Overnight
Eurodollars6
NSA

Small denomination
time deposits7

Savings deposits
at
commercial
banks

at
thrift
institutions

cial
banks

at
thrift
institutions

at

totar * commer-

total

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

120.7
121.1

».3
4.3

236.6
234.7

69.5
71.2

35.3
32.7

7.8
6.9

160.5
157.5

190.4
185.6

350*9
343.1

339.2
345.9

491.6
493.8

830.8
839.7

130.6

122.2

23.3
26.6

OCT.
NOV.
DEC,

121.3
121.8
123.1

».3

235.7

j4.3

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

i4.3
i4.4

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

358.6
363.4
371.0

493.7
496.0
499.0

852.3
859.4
869.9

154.9
156.0
159.?

32.5
30.5
31.5

APS.
HAT
JO ME

126.3
127.4
128.4

!4.4
f4.5
14,5

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

JOLT
AUG. P

128.8
129.5

14.4

230.6
231.1

87.4
90.2

36.4
37.8

7.0
6.9

157.0
155* 9

187.1
186.1

344.0
342.0

401.1
408.1

518.6
522.1

919.7
930.2

171.3
180.0

36.7
43.1

1981-AUG.
SEPT.

i4.3

*.3

*.5

WEEK ENDING:
1982-AUG.

SEPT.

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

4
11
18
25 P

129.3
129.3
129.6
129.7

230.7
229.7
231.2
231.2

89.1
90.2
89.6
90.8

38.8
37.7
37.5
38.6

6.6
6.2
7.1
7.0

155.9
156.1
156.0
155.9

406.1
406.9
408.0
408.9

175.8
178.3
180.2
182.1

40.5
41.8
43.3
45,0

1 P

130.1

232.5

90.0

36.5

7.8

155.9

408.6

182.3

44. 1

CURRENCY OUTSIDE THE O.S. TREASURY, F.R. BANKS AMD FAULTS OF COMMERCIAL BANKS. EZCL0DES THE ESTIMATED AHO0NT OF VAULT CASH
HELD BY THRIFT 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 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. 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 HONEY
MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).
ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. RESIDENTS OTHFR THAN DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL
FUNDS.
SHALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS —. ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,600.
NOT SEASONALLY ADJUSTED.




i able o—continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Diiuons OT aoiiars, seasonally aa ustea uniess oinerwise noiea
Large denomination time deposits?
Data
at thrift
at commercial
banks2
total
institutions

at commercial
banks
NSA

Term RPs3
at thrift
institutions
NSA

Term 4
Eurodollars
total

NSA

NSA

Savings
bonds

Short-term
Treasury
securitieeS

Bankers
Commercial
acceptances^

248.5
249.8

51.3
52.5

299.8
302.3

25.8
26.2

7.5
7.6

33.4
33.8

61.0
61.2

68*9
68.4

164.1
168.1

37.3
37.6

102.4
103.8

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-JAN.
FEB.
HAR.

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

69.5
73.5
74.3

67.8
67.8
67.7

180.3
186.4
191*0

40.2
39.1
37.9

105.4
108.2
110.1

APR.
HAY
JUNE

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
9.5

34.2
32.6
31.2

75.0

67.7

203.6

38.3

109.6

JOLY
AUG. P

275.8
278.2

59.7
60.5

335.5
338.7

20.0
22.9

9.6
9.6

29.6
32.5

1981-AOG.
SEPT.

WEEK ENDING:

1982-AOG.

SEPT.

1/

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

4
11
18
25 P

278.4
278.6
276.3
277.7

22.0
22.4
24.3
23.1

1 P

279.2

22.5

LARGE DENOMINATION TINE DEPOSITS ARE THOSE ISSUED I N AMOUNTS OF $10C ,000 OR MORE. EXCLUDING THOSE BOOKED AT INTERNATIONAL

BANKING FACILITIES (IBFS) .
LARGE DENOMINATION TIME DEPOSITS KT COMMERCIAL BANKS LESS LARGE TIME HELD BY HONFY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.
TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.
TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY EXCLUDING THOSE HELD BY 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 HONEY 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 MARKEIT 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 cnecKabie (M(3tosits

Demand deposits
Currency1

Date

Travelers
checks2

at member
banks 3

at domestic
nonmember
banks 4

at foreignrelated
banking
offices
In the U.S.*

total6

at
c ommerc ial
banks 7

at thrift
Institutions 8

total

Overnight
RPs9

Overnight
Eurodollar*™

121.3
120.8

\.l
1.5

145.4
145.6

81.0
81.1

8.5
8.2

234.7
234.6

56.5
58.1

13.2
13.6

69.7
71.7

35.3
32.7

7.8
6.9

OCT.
NOV.
DEC.

121.2
122.9
125.4

1.3
1.1
I1.1

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.
HAH.

123,3
123.0
123.8

i1.1
I4.1

1.2

157.7
147.3
147.5

82.4
77.6
77.2

3.9
3.S
3.8

243.6
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

APR.
HAT
JOVE

125.6
127.2
128.3

4.2
4.3
».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
35.8
36.0

5.8
7.0
7.0

JOLT
AUG. P

129.8
130.0

4.9
5.0

151.0
150.2

77.2
76.Q

3.7
3.6

231*5
229.3

69.3
70*7

18.5
19.0

87.9
89.7

36.4
37.8

7.0
6.9

1981-AOG.
SEPT.

•SEK ENDING:

1982-AOG.

SEPT.

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




4
11
18
25 P

129.7
131.2
130.6
129.5

150.6
151.0
150.4
148.1

76.9
77.1
76.3
74.3

3.8
3.4
3.5
3.6

230.9
231.1
229.8
225.6

69-8
71.3
70.7
70.2

19.0
19.4
19.0
18.7

88.8
90.7
89.7
89.0

38.8
37.7
37.5
38.6

6.$
6.2
7.1
7.0

1 P

128.8

151.0

75.1

3.7

229.4

70.9

18.9

89.8

36.5

7.8

CURRENCT O0TSI0E THE O.S. TREASURT, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIHATBD AflOONT OF YAOLT
CASH HELD BT THRIFT INSTITOTIONS TO SERVICE THEIR OCD LIABILITIES.
OUTSTANDING AHOONT OF O.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSOERS.
DEHAND DEPOSITS OTHER THAN THOSE DOE TO DOHESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BUNKS AND OFFICIAL INSTITOTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R. FLOAT AT HEHBER BANKS OF THE FEDERAL RESERVE STSTEH.
DEMAND DEPOSITS OTHER THAN THOSE DOE TO DOHESTIC BANKS, THE O.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITOTIONS LESS
CASH ITEMS IN THE PROCESS OF COLLECTION AT NONHEHBER BANKS.
DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, EDGE ACT CORPORATIONS AND FOREIGN INVESTMENT
COMPANIES.
EQUALS SUM OF TKPEF PRSVIOOS COMPONENTS LESS THE ESTIMATED AMOONT OF DEHAND DEPOSITS HELD AT COMMERCIAL BANKS BT THRIFT
INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.
NOW AND ATS BALANCES AT COMMERCIAL BANKS.
NOW AHD ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT ONION SHARE DRAFT BALANCES, AND
9ESAND DEPOSITS AT THRIFTS.
INCLUDES OVJKKKIGHT AND CONTINUING CONTRACT RPS ISSOED BT COMMERCIAL BANKS TO OTHER THAN DBPOSITORT INSTITOTIONS AND MONET
MARKET MUTUAL FUNDS (GENERAL PORPOSE AKD BROKER/DEALER).
ISSOED BY CARIBBEAN BRANCHES OF MEMBER HANKS TO Q.S. RESIDENTS OTHER THAN 3EPOSITORT INSTITOTIONS AND MOMET MARKET MUTUAL
FUNDS (GENERAL PURPOSE AND BROKER/DEALER)

H.6 (508}
Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS
Billions of dollars, not seasonal 1 adjusted
Date

Savings deposits
at mutual
at
wings banks credit unions

Small denomination time deposits^
at mutual
at savings
•it
savings banks
and loans
credit unions

at commercial
banks

at. savings
and loans

162.4
159.0

99. 4
97.2

49.1
48.2

44.1
43.6

355.0
347.9

336.4
342.9

373.5
375. *

96.7
97.4

15.4
15.9

S22.0
832.1

OCT.
NOV.
DBC.

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-JAN.
FEB.
HAR.

158.6
157.5
158.4

96.7
95.9
95.9

47.9
47.3
47.2

43.5
43.8
44.7

346.8
344.5
346.1

359.7
367.3
375.2

381.0
383.5
386. I

99. $
99.8
99.9

17.4
17.8
18.4

857,5
868.5
879.6

APR.
HAY
JONE

159.5
159.0
158,8

96.1
95.8
95.8

47.1
46.8
46.9

45.3
45.8
46.4

348.1
347.4
347.9

381.4
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

JOLT
AUG. P

158.5
157.8

95.9
95.2

46.9
46.6

46.9
46.4

348.3
346.1

399.4
404.6

393.2
393.8

101.7
101.6

19.8
19.9

914.1

1981-ADG.
SEPT.

total

at commercial
banks

1EEK ENDING:

1982-AUG.

SEPT.

1/

4
11
18
25 P

157.7
158.2
158.0
157.7

402.8
403.7
404.5
405.2

1 P

157-if

406.0

SHALL DEHOBIHATION TIHB DEPOSITS —




IRCLODIKG RETAIL RPS —

ARE THOSE ISSUED IH AHOO1TTS OP LESS THAH $100,000.

total

919.9

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
at savings
total3
savings
commercial
and loans
banks
banks2

Term RPs4
at
commercial
banks

at thrift

total

Term
Eurodollars5

Savings
bonds

institutions

Short-term
Bankers
Commercial
paper*
Treasury
acceptances7
6
securities

243.3
246.3

45.2
46.1

5.7
6.2

294.8
299.1

25.8
26.2

7.5
7.6

33.4
33.8

61.0
61.2

68.8
68.5

161.5
166.6

36.7
37.4

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

2 5.6
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
175.2

37.6
38.6
39.4

103.6
104.5
104.6

1982-JAN.
FEB.
HAR.

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
73.5
74.3

68.1
67.8
67.6

181.1
191.2
195.0

39.9
39.7
38.4

106.0
109.6
110.0

APB.
HAT
JO ME

260.1
261.8
264.6

51.3
52.1
52.7

6.1
6.0
6.0

317.9
320.3
323.8

25.2
23.3
21.8

9.0
9.3
9.5

34.2
32.6
31.2

75.0

67.4

206.1

38.5

109.8

JOLT
AOG. P

268.4
272.2

53.1
54.0

6.0
6.2

328.0
332.8

20.0
22.9

9.6
9.6

29.6
32.5

1981-AOG.
SEPT.

WEEK ENDING:

1982-AOG.

SEPT.

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

4
11
18
25 P

271.1
27 2.1
270.4
272.3

22.0
22.4
24.3
23.1

1 P

274.9

22.5

LARGE DENOMINATION TINE DEPOSITS ARE THOSE ISSOED IN AHOONTS OF f100,000 OR BORE, EXCLODING THOSE BOOKED AT INTERNATIONAL
BANKING FACILITIES (IBFS).
LARGE DENOBINATION TIHE DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BT B0N3T HARKET BOTOAL FONDS AND THRIFT
INSTITOTIONS.
TOTAL LARGE DENOMINATION TIHE DEPOSITS EXCEEDS SOB OF THREE PRE?IO0S COLOflNS BT SUCH DEPOSITS AT CREDIT ONIONS.
TERM RPS ARE THOSE WITH ORIGINAL BATORITT GREATER THAN ONE DAT, EXCLODING CONTINOING CONTRACTS AND RETAIL RPS.
TERB EURODOLLARS ARE THOSE WITH ORIGINAL HATORITT GREATER THAN ONE DAT EXCLODING THOSE HELD BT DEPOSITORT INSTITOTIONS AND
MONET HARKET HOTOAL FONDS.
INCLODES O.S. TREASORT BILLS AND COOPONS WITH PFMAINING MATORITT OF LESS THAN 18 MONTHS HELD BT OTHER THAN DEPOSITOPT INSTITUTIONS, F.P. BANKS, AND MONET MARKET MOTOAL FONDS.
NET OF BANKERS ACCEPTANCES HELD BT ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITOTIONS, THE FEDERAL HOME LOAN BANK
STSTEM, AND MONET MARKET MOTUAL FONDS.
TOTAL COMMERCIAL PAPER LESS COMMEPCIAL PAPER HELD BT HONFT HARKET BOTOAL FONDS.




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
commercial banks
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

12.9
13,5

2.8
3.0

9.4
9.4

2.8
3.5

3.2
3.2

4.7
7.5

10.7
14.1

0.7
0.7

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
6.9
8.1

16.7
12.8
14.1

0.7
0.7
0.7

1982-JANFEB.
NAB.

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
25.6
18.9

0.7
0.8
0.8

APR.
MAY
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

JOLT
AOG. P

11.4
10.6

2.5
2.4

8.8
9.1

2.6
2.4

3.3
3.3

5.7
5.8

11.7
11.5

1.0
1.0

4
11
18
25 P

11.4
10.7
10.5
10.3

2.7
2.1
2.3
2.3

9.0
8.9
9.1
9.2

2.9
2.3
2.8
2.1

3.6
4.0
3.0
2.9

6.3
4.8
5.6
6.8

12.8
11.1
11.4
11.8

0.9
0.9
0.9
1.1

1 P

10.3

2.5

9.1

1.9

3.2

5.9

10.9

1.1

1981-AOG.
SEPT.

REEK ENDING:
1982-AUG.




SEPT.

SPECIAL SUPPLEMENTARY TABLE
Variable-Ceiling Time Deposits, All Savers Certificates, and Retail Repurchase
Agreements At All Insured Commercial Banks and All Mutual Savings Banks
May 31, 1982, and June 30, 1982, and July 31, 1982
(not seasonally adjusted)!
Liability Categories
91-day money market certificates^
(standard error of the estimate)

InsurecI Commercial Banks
May 31r_
June 30 r
July 31 r
Amount outstanding
($ millions)
1,955
3,853
5,662
(141)
(88)
(176)

Mutual Savings Banks
May 31 r
June 30 r
July 31 r
Amount outstanding
($ millions)
558
290
815
(24)
(35)
(13)

231,296
(1,868)

231,925
(1,837)

234,190
(1,887)

49,973
(530)

50,124
(857)

49,131
(887)

2-1/2 year and over variable celling
certificates4
(standard error of the estimate)

71,222
(1,586)

73,642
(1,612)

76,641
(1,684)

23,300
(361)

24,036
(446)

24,175
(467)

All Savers certificates^
(standard error of the estimate)

22,584
(397)

22,831
(410)

23,259
(398)

5,573
(73)

5,762
(91)

5,792
(93)

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

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)

254

536

786

41

73

140

244
(80)
10
(3)

521
(75)
15
(4)

758
(88)
28
(7)

34
(4)
7
(1)

64
(6)
9
(1)

126
(13)
14
(2)

All IRA/Keogh Plan Deposits7

14,412

14,905

15,386

5,507

5,764

5,858

Ceiling free IRA/Keogh Time
Deposits in:

7,195

7,768

8,300

1,001

1,123

1,190

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

5,747
(270)
1,448
(102)

6,165
(296)
1,603
(107)

6,556
(307)
1,744
(115)

822
(56)
179
(18)

928
(58)
195
(20)

977
(65)
213
(22)

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

7,217
(348)

7,137
(349)

7,086
(350)

4,506
(186)

4,641
(185)

4,668
(196)

Retail repurchase agreements8
1,720
1,894
7,569
1,631
7,006
6,798
(668)
(218)
(269)
(199)
(616)
(563)
(standard error of the estimate)
-revised.
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. 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 91day (13-week) Treasury bill (auction average).
3. 6-month 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 celling 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 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.
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 by, the U.S. Government or an agency thereof.




SPECIAL SUPPLEMENTARY TABLE (CONTINUED):

91-day money Market certificates

Insured Commercial Banks
June 30£
July 3 1 r
May 31£
Number o;: Offering Institutions
13,025
13,305
12,203

6-month money market certificates

13,970

14,045

2-1/2 year and over variable
ceiling certificates

13,663

All Savers certificates

Liability Categories

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
r—revised
1* Data not available.
Note:




Mutual Savings Ikinks
May 311.
June 301
July 31£
Number oi: Offering ][nstitutions

384

394

391

14,032

430

430

428

13,543

13,659

430

430

428

13,972

14,035

14,023

430

430

428

1

1

1

1

1

1

3,840
1,396

1
1

1
1

119
68

1
1

1
1

1

1

1

1

1

1

1

1

1

1

1

1

11,511
8,184

11,546
8,289

11,550
8,513

358
310

378
330

386
329

9,053

9,238

9,130

341

372

381

4,878

5,129

5,374

220

220

217

See table 1.16 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
Experimental
Current
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

451.2

450.5

-0.5

-4.0

August

455.2

455.7

10.6

13.9

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