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FEDERAL RESERVE statistical release
H6(508)
Table 1

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

MONEY STOCK MEASURES AND LIQUID ASSETS

SEPT. 9 ,

Biliions of dollars
"Ml"'

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

Data

1

M2~~
1
M3
M-~~_ L
Seasonal!y adjusted
M1 plus
overnight RPa
and Eurodollars, M2 plua large
time deposits,
MMMF
term RPs and
M3 plus other
balancea (gen.
institution-only liquid assets4
pur. and
MMMF
broker/dealer),
balancea3
MMDAs,
and savings
and small time
deposits2

|

Ml

Ti

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

1983

M2:
I
M37
1
L
Not seasonally adjusted
M1 plus
overnight RPa
and Eurodollars, M2 plus large
time deposits,
MMMF
M3 plus other
balances (gen. term RPs and
liquid assets4
institution-only
pur. and
MMMF
broker/dealer),
balances3
MMOAs,
and savings
and small time
deposits2

1982—a 0 6 .
SEPT.
OCT.
MO 7 .
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—JAM.
FEB.
fllfi.
APE.
HAT
JOEE
JUL!
AUG. P

482. 1'
491.1
497.6
496.5
507.4
511.7
515.5
516.6

2010.0
2050.8
2069.9
2074.8
2096.2
2114.3
2 125.4
2136.2

2403.3
2430.6
2447. 1
2453.9
2476.3
2498.9
2509.6
2527.9

2930.7
2960.5
2988.2
3006.4

489.7
480.6
489.2
504.5
499.8
508.3
514.7
511.4

2018.3
2042.5
2065.9
2088.4
2092.7
2114.0
2126.9
2128.6

2415.1
2427.0
2445.8
2465.4
2471.5
2495.6
2507.5
2518.9

2945.6
2964.9
2993.0
3021.2

13-week
average

Not seasonally adjusted
4-week
average

j

-

M1
For period ended

1983-JOLT

AUG.

HOTE:

13-week
average

Seasonally adjusted
4-week
average

week average

week average

6
13
20
27

506. 1
507.5
509.2
510.8

511.3
512.2
513.3
515.5

514.3
514.7
516.0
517.0

505.0
505.8
506.3
507.1

510.3
512.1
513.9
515.6

523.9
520.4
513.6
504.5

3
10
17
24 P
31 P

512.2
513.0
513.6
514.1
514.4

516.3
517.0
517.2
516.7
515.7

517.5
517.3
516.8
515.3
513.3

508.2
509.3
510.3
511.3
511.5

512.8
512.1
512.6
513.1
510.8

512.7
517.6
515.5
506.4
503.7

SPECIAL CAUTIOM SHOULD BE TAKE! I I IITBBPHETIIG IBBB-TO-IEBK CHAISES I I
HIGflLI VOLATILE AID SUBJECT TO B B 7 I S I O B .
P — I I D I C A T E S PBELIHIHABT DATA.
FOOTBOTES APPEAB 0 1 THE POLLOfIHG PAGE




HOIEY SUPPLI DATA, IHICH ARE

H.6 (508)
Table 4

MEMORANDA ITEMS
Billions of dollars, not seasonally adjusted

.

Demand deposits at banks due to

Date

1982-A06.
SEPT.

foreign
commercial
banks

foreign
official
Institutions

8.6
8.4

2.3
2.0

OCT.
MO?.
DEC.

8.4
8.4
8.6

2.2
1.9
2.1

1983-JAI.
PEB.
BAH.

7.8
7.9
8.1

APR.
RAI
JUHE
JOLI
AOG. P

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

balances at
Federal
Reserve
Banks

demand
deposits at
commercial
banks

3.3

1

3.2
3.1
3.2

i

5.8
9.0

11.4
16.1

]

1.0
1.1

13.8
5.3
7.9

19.5
10.9
14.0

j
!
|

1.1
1.1
1.1

9.2
9.0

2.S
2.6
2.9

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

7.9
8.1
8.2

2.0
2.0
2.0

7.9
?.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

8.3
8.1

2.0
2.1

7.6
7.6

2.8
2.3

4.2
3.5

19.1
14.0

6
1J
20
27

8.8
8.5
8.1
8.0

2.0
2.1
2.1
1.9

7.6
7.6
7.6
7.6

3.1
2.4
3.4
2.2

4.5
4.5
3.3
4.5

19.0
19.2
19.2
19.3

3
10
17
24 P
31 P

8.2
8.3
7.9
8.0
B^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

■
I

:

]

;

*06.

E=BSTIHATBD




i

4.0
3.8
3.3
3.6
3.3

1

18.2
12.7
12.0
14.5
14.9

i

25.1
25.8
1
!

|

27.7

I

44.9
46.2

4.2
4.3
4.4
4.5
4.6

26.6

27.1

total

mutual funds

1

47.6
48.8
50.1

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

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

26.0
19.9

0.8
0.8

28.4
28.9

36.4
36.8

5.3e
5.4e

70. le
7 1 . 2e

26.5
26.1
25.9
26.1

0.8
0.8
0.8
0.8

25.3
18.7
17.8
20.5
20.2

0.8
0.8
0.8
0.8
0.8

i

WEEK E S D I I G :
1983
JUII

16.6
1*-2
17.9

money
market

thrift
Institutions

15.6
16.0
|

8
IRA and Keogh Accounts

note balances total demand itime and savings
deposits at
at commercial deposits and
commercial
banks and thrift] note and
commerical
FR balances
banks
institutions
banks

3.3
3.8

2.3

9.7
9.4

9.2

U.S. government deposits

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

Annual growth
rates in percent
Experimental
Current
Alternative

458.3

456.8

10.3

12.7

September

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

516.6

515.0

2.6

6.6

1982 - August

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.