Full text of H.6 Money Stock Measures : September 16, 1983

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

o* G°vv"

FEDERAL RESERVE statistical release
H6 (508)
Table 1

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

MONEY STOCK MEASURES AND LIQUID ASSETS

SEPT.

Billions of dollars
M1

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

Date

M2
Seasonal I/
M1 plus
overnight RPs
and Eurodollars,
MMMF
balances (gen.
pur. and
broker/dealer),
MMDAs,
and savings
and small time
deposits2

M3
adjusted

M1

L

M2 plus large
time deposits,
term RPs and
institution-only
MMMF
balances3

M3 plus other
liquid assets4

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

16 #

1983

M2.
M3,.
"
L
Not seasonally adjusted
M1 plus
overnight RPs
and Eurodollars, M2 plus large
time deposits,
MMMF
M3 plus other
balances (gen. term RPs and
pur. and
institution-only
liquid assets4
broker/dealer),
MMMF
balances3
MMDAs,
and savings
and small time
deposits2

1982—AOG.
SEPT.
OCT.
NOV.
DEC.

458.3
463.2
468.7
474.0
478.2

1903.6
1917.0
1929.7
1945.0
1959.5

2317.9
2333.9
2352.0
2370.2
2377.6

2823.6
2840.5
2866.0
2882.4
2896.8

454.3
461.0
470.6
479.0
491.0

1896.5
1908.7
1928.6
1943.6
1964.5

2308.8
2324.4
2350.4
2369.2
2385.3

2811.8
2825.5
2860.9
2881.3
2904.7

1983—JAN.
FSB.
MAR.
APR.
«AY
JONE
JULY
AOG. P

482. 1
491. 1
497.6
496.5
507.4
511.7
515.5
516.6

2010.0
2050.8
2069.9
2074.6
2096.2
2114.3
2126.0
2136.3

2403.3
2430. 6
2447.1
2453.9
2476.2
2498.7
2510.2
2527.9

2930.7
2960.5
2988.2
3006.4
3032.0

489.7
480.6
489.2
504.5
499.8
508.3
514.7
511.5

2018.3
2042.5
2065.9
2088.4
2092.7
2114.0
2127.4
2128.6

2415.1
2427.0
2445.8
2465.4
2471.5
2495.4
2508. 1
2518.9

2945.6
2964.9
2993.0
3021.2
3030.5

M1
For period ended

1983-JOLY

week average

13-week
average

Not seasonally adjusted
4-week
average

week average

20
27

509.2
510.8

513.3
515.5

516.0
517.1

506.3
507.1

513.9
515.6

513.6
504.6

3
10
17
24
31 P

512.2
513.0
513.6
514.2
514.5

516.4
517.1
517.3
517.0
515.8

517.8
517.4
517.0
515.6
513.0

508.2
509.4
510.4
511.3
511.6

512.9
512.2
512.7
513.2
510.8

513.0
517.7
515.6
506.6
503.4

SEPT. 7 P

514.8

516.0

518.5

512.2

512.0

522.4

AOG.

NOTE:

13-week
average

Seasonally adjusted
4-week
average

SPECIAL CAUTION SHOULD BB TAKEN IN INTERPRETING WBEK-TO-HBEK CHANGES IN HONBY S0PPLY DATA, WHICH APE
HIGHLY VOLATILE AND SUBJECT TO R E f l S I O N .
P—INDICATES PRELIMINARY DATA.
FOOTNOTES APPEAR ON THE FOLLOWING PAGB




H.6 (508)
Table 4

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

Date

foreign
commercial
banks

foreign
official
institutions

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

U.S. government deposits
demand
deposits at
commercial
banks

balances at
Federal
Reserve
Banks

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
institutions
banks

commerical
banks

thrift
institutions

money
market
mutual funds

total

8.6
8.4

2.3
2.0

9.7
9.4

2.3
3.3

3.3
3.8

5.8
9.0

11.4
16.1

1.0
1.1

15.6
16.0

25.1
25.8

4.2
4.3

44.9
46.2

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

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

1983-JAN.
FEB.
HAfl.

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

f.O
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

APB.
WAY
JOHE

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 . 2e

65.1
67.4
6 8 . 7e

8.3
8.1

2.0
2.1

7.6
7.6

2.8
2.4

4.2
3.5

19.1
14.0

26.0
19.9

0.8
0.8

28.4
28.9

36.4
37.1

5.3e
5.4e

7 0 . 1e
71.4e

20
27

8. 1
8.0

2.1
1*9

7.6
7.6

3.4
2.2

3.3
4.5

19.2
19.3

25.9
26.1

0.8
0.8

3
10
17
24
31 F

8.2
8.3
7.9
8.0
8.2

2.2
2.0
2.0
2.1
2.3

7.5
7.5
7.6
7.7
7.7

3.1
2.2
2.4
2.4
2.0

4.0
3.8
3.3
3.6
3.3

18.2
12.7
12.0
14.5
14.9

25.3
18.7
17.8
20.5
20.2

0.8
0.8
0.8
0.8
0.8

8.8

2.3

7.6

2.7

3.4

8.6

14.7

0.8

1982-AUG.
SEP*.

JULY
AOG.

WEEK
1983
JULY

AOG.

SEPT.

P

ENDING:

7

P

E=J2S?I«ATED




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 A l l Insured Commercial Banks and A l l Mutual Savings Banks
J u l y 2 7 , 1 9 8 3 . and August 3 1 . 1983P
(not seasonally adjusted)*

Insured Commercial Banks
Liability Categories
"Super NOW" accounts
(standard error of the estimate)2
Money market deposit accounts3

Amount Outstanding ($ Mil.)
July 27
Aug. 31P
24.244
25.995
(N.A.)
(395)

Average Rate Paid
July 27
Aug. 31P
7.47
7.38

Number of Issuing Banks
Aug. 31P
July 27
12,187
11,771

8.42

8.57

12,632

12,708

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

5.161
(534)

5,359
(555)

8.63

8.71

7,018

6,852

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

6.609
(276)

7,673
(303)

9.12

9.22

12,685

12,686

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

182.453
(2.006)

185,633
(2,079)

9.56

9.76

14.020

13,998

90.255
(1,762)

91,281
(1,806)

10.34

10.58

12,792

12,806

217,260

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

217,328

2-1/2 year ceiling-free time deposits8

11,729

14,002

10.58

10.78

N.A.

N.A

All IRA/Keogh Plan deposits9

28,577

29,115

10.44

10.63

N.A.

N.A.

8.28

8.48

4,201

3,778

Retail repurchase agreements^
(standard error of the estimate)

2,067
(476)

2,037
(484)

State-Chartered Mutual Savings Banks11
Amount Outstanding ($ Mil.)
Average Rate Paid
Number of Issuing Banks
July 27
Aug. 31P
Aug. 3lP
Aug. 31P
July 27
July 27

Liability Categories

761
(10)

783
(N.A.)

7.38

7.68

245

242

30,391
(58)

26,708
(61)

8.72

8.92

371

363

299
(119)

266
(41)

8.69

8.90

141

132

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

370
(22)

447
(27)

9.12

9.25

340

332

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

31,477
(685)

30,479
(772)

9.56

9.76

395

388

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

23.103
(589)

21,756
(632)

10.75

10.98

385

378

2.792

3,109

10.71

11.28

N.A.

N.A.

7,250

6.760

10.64

10.94

N.A

N.A.

9.32

9.82

"Super NOW" accounts
(standard error of the estimate)2
Money market deposit accounts3
(standard error of the estimate)
7- to 31-day money market certificates*
(standard error of the estimate)

2-1/2 year ceiling-free time deposits8
9

All IRA and Keogh Plan deposits

Retail repurchase agreements*0
(standard error of the estimate)

715
(292)

768
(N.A.)

154

142

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 75 mutual savings banks.
2. "Super NOW" accounts are NOW accounts containing an agreement between depositor and depository such that,
provide 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. Money 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 institutions must reserve the right to require at least seven day's notice prior
to withdrawal, no restrictions 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 ceiling 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 this 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 levels published previously (see footnote 11).
4. 7- to 31-day money market certificates are nonnegotiable time deposits that require a minimum daily balance of
$2,500, 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 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 certificates are negotiable or nonnegotiable time deposits issued in denominations of at
least $2,500, but less 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 certificates (MMCs) are nonnegotiable time deposits in denominations of $2,500, 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 b i l l (auction average).
7. This category includes all 4-year and over variable celling 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 all 1-1/2 year variable ceiling accounts authorized beginning April 1,
1983.
8. 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.
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 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.
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 ceiling rates on specific account categories.