h6_19830715.pdf

FEDERAL RESERVE statistical release

Table 1

MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars

For Release at 4:1 5 p.m. Eastern Time

JULY 1 5 , 19P3

Date

1982—JUNEJOLTAOG.SEPT.OCT.NOV.DEC,

1 9 8 3 — J A N .FEB.MAH.APR,HAYJONE P

M1

sum ofcurrency,travelerschecks,demand

deposits andother

checkabledeposits1

453.4 ,450.4458.3463.2468.7474.0478.2

482.1491. 1497.6496.5507.4512.0

M2Seasonal!1

M1 plusovernight RPs

and Eurodollars,MMMF

balances (gen.pur. and

broker/dealer),MMDAs,

and savingsand small time

deposits2

1864.51880.9190 3.61917.01929.7194 5.01959.5 5/

2010.0 5/2050.8 5/206 9,9 5/2074.8 5/2097.1 5/2115.2 5/

M3 ] Li adjusted

M2 plus largetime deposits,term RPs and

institution-onlyMMMF

balances3

2260.22283.42317.92333.92352.02370.22377,6

2403,32430.62447.12454.12477.52498,9

M3 plus otherliquid assets4

2767.02798.22823.62840.52866.02882.42896.8

2930.72960.5

M1

3um ofcurrency,travelerschecks,demand

deposits andother

checkabledeposits1

450.8454.3454.3461.0470.6479.0491.0

489.7480.6489.2504 .5499 .8508 .6

M 2 . M3..Not seasonally adjustedM1 plus

overnight RPsand Eurodollars,

MMMFbalances (gen.

pur. andbroker/dealer),

MMDAs,and savings

and small timedeposits2

1865.41883.01896.51908.71928.61943.61964.5 5/

2018.3 5/2042.5 5/2065.9 5/2088.5 5/2093.6 5/2 1 1 4 . 9 5 /

M2 plus largetime deposits,term RPs and

institution-onlyMMMF

balances3

2257.22280.82308.82324.42350.42369.22385.3

24 15.22427.02445.92*65.62472.82495.6

L

M3 plus otherliquid assets4

2763,02790.02811.82825.52860.92881.32904.7

2945.7236U.3

For period ended

1983-JtJNE 18

152229 P

JOLT 6 P

M1Seasonally adjusted

13-weekaverage

500.7501.9503.0504. 1504.9

5 0 6 . 1

4-weekaverage

508.4510.3510.8511,5511.4

511J

week average

508.7514.6511.2511.4508.3

514.1

Not seasonally adjusted13-weekaverage

498.0499.6501.3502.9504.0

505.0

4-weekaverage

499.9502.8505.6508.6508.0'

510.3

week average

U99.9514.5513.4506.5497.6

523.7

MOTE: SPECIIL CADTI0N SHOULD BE TAKEN IN INTERPRETING SEBK-TO-WEEK CHANGES IN HONEY S0PPLT DftTA, WHICH AR'HIGHLY VOLATILE AND SUBJECT TO REVISION.P—INDICATES PRELIBINARY DATA.FOOTNOTES APPEAR ON THE FOLLOWING PAGE

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.6(508)

Table 2

MONEY STOCK MEASURES AND LIQUID ASSETSPercent change at seasonally adjusted annual rates

Date

3 MONTHS FROM MAR. 1983 TO JUNE 1983

6 HONTHS FROf! DEC. 1982 TO JUNE 1983

12 HONTHS FROH JONB 1982 TO JUNE 1983

THIRTEEN WEEKS ENDING JULY 6 , 1 9 8 3FROH THIRTEEN WEEKS ENDING;

APR. 6 , 1 9 8 3 ( 1 3 WEEKS PREVIOUS)

JAN. 5 r 1982 (26 WEEKS PREVIOUS)

JOLT 7 , 1 9 8 2 ( 5 2 WEEKS PREVIOUS)

M1

1 1 . 6

1 4 . 1

12.9

11.8

13.4

11.9

M2

8 . 8

15.9

13.4

M3

8 . 5

10.2

10.6

FOOTNOTES TO TABLE 11/ AVERAGES OF DAILY FIGURES FOR (1) CURRENCY OUTSIDE THE TREASURY, FEDERAL RESERVE BANKS, AND

THE VAULTS OF COMHERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEHAND DEPOSITSAT ALL COHHERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, ANDFOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEHS IN THE PROCESS OF COLLECTION ANDFEDERAL RESERVE FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLEORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER SERVICE (ATS) ACCOUNTS AT DEPOSITORYINSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEHANDDEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEHAND DEPOSIT COHPONENTS EXCLUDE THEESTIHATED AHOUNT OF VAULT CASH AND DEHAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONSTO SERVICE THEIR OCD LIABILITIES.

2/ INCLUDES OVERNIGHT (AND CONTINUING CONTRACT) RPS ISSUED BY ALL COHHERCIAL BANKS AND EURODOLLARSISSUED BY FOREIGN (PRINCIPALLY CARIBBEAN AND LONDON) BRANCHES OF U.S. BANKS, HHDAS, SAVINGSAND SHALL DEHOHINATION TIME DEPOSITS (TIHE DEPOSITS—INCLUDING RETAIL RPS—IN AHOUNTS OF LESSTHAN $100,000), AND BALANCES IN BOTH TAXABLE AND TAX-EXEHPT GENERAL PURPOSE AND BROKER/DEALERHONEY HARKET HUTUAL FUNDS. EXCLUDES IRA AND KEOGH BALANCES AT DEPOSITORY INSTITUTIONS AND HONEYHARKET FUNDS. ALSO EXCLUDES AHOUNTS HELD BY U.S. COMMERCIAL BANKS, HONEY HARKET FUNDS (GENERALPURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS AND COHHERCIAL BANKS, AND THE U.S. GOVERNMENT.M2 WILL DIFFER FROM THE SUH OF COHPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATIONADJUSTMENT THAT REPRESENTS THE ESTIHATED AHOUNT OF DEHAND DEPOSITS. AND VAULT CASH HELD BYTHRIFT INSTITUTIONS TO SERVICE TIHE AND SAVINGS DEPOSITS.

3/ INCLUDES LARGE DENOHINATION TIHE DEPOSITS AND TERH RPS (IN AHOUNTS OF $100,000 OR HOPE) ISSUEDBY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS,THE U.S. GOVERNHENT, MONEY HARKET FUNDS, AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. H3 WILLDIFFER FROH THE SUH OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENTTHAT REPRESENTS THE ESTIMATED AHOUNT OF OVERNIGHT RPS HELD BY INSTITUTION-ONLY MONEY MARKETHUTUAL FUNDS.

4/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHOPT-TERHTREASURY SECURITIES, COHHERCIAL PAPER, BANKERS ACCEPTANCES, AND TERH EURODOLLARS HELD BY U.S.RESIDENTS, NET OF HONEY HARKET HUTUAL FUND HOLDINGS OF THESE ASSETS.

5/ HONEY MARKET DEPOSIT ACCOUNTS ARE PRESENTLY INCLUDED IN BOTH H2 AND H3; WHETHER SOME OF THESEACCOUNTS SHOULD ENTER ONLY AT THE H3 LEVEL WILL BE CONSIDERED AS DATA ON THE CHARACTERISTICSOF THE ACCOUNTS AND THEIR HOLDERS BECOME AVAILABLE.


M.6(50!8)

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars, seasonally adJueN

Small denominationtime deposits*

Money marketmutual fund balancesiO

Date Currency1Travelerschecks?

Demanddeposits*

Other OveffllQht fEuro* market

depositaccounts/

Savings deposited

Institu-

stcornmor*

clalbanks

> deposit

thriftInstitu-tions

totalgeneralpurpose

end broker/dealer

Institutiononly

1982-JURE

JULYAUG.SBPT.

OCT.ROV.DBC.

1 9 8 3 - J A R .FEB.HAR.

APR.HAYJUNE P

REEK BRDIRG

JOLT 6 P

128.2

128.8129.6130.5

131.3131.9132.8

134.2135.6137.0

138.0139.3140.4

1*0.0140.2140.2140.4140.7

140.8

4.5

4.44.4* . *

4.44.44.2

4.14.34.5

4-74.7

232.3

232.1232.5234.0

236.0237.6239.8

239.4238.72*0.1

238.9242.5244. 1

242*4245.8244.1243.9241.4

2*6. f

88.*

89.191.894.3

97.0100.1101.3

104.5112.5116.0

115.0120.9122.7

121.7123.8122.2122.5121.5

122.5

32.S

33.334.034.1

37.438.538.5

40.141.040.9

42.547.247. 5

48.145.948.347.848.1

46.6

7.5

8.58 c *7.4

6.56.75.8

7.27.87.0

8.1

9^3

9.9S.68.69.4

10.6

9.1

0.0

0.00.00.0

0.00.0

43.2

189.1277.7320.5

341.2356.8367.3

363.7366.9367.9367.6367.1

367.9

159.5

158.2156.4159.6

162.3166.2163.4

151.7144.7142.3

140.8140.6140.6

1*0.8141.3141.2140.9140.2

140.5

187.8

186.8188.3190.4

195.7200.1195.9

183.4181.0ISO. 4

180.7182.3184.2

347,2

345.0346.7350.0

358.0366.4359.3

335.1325.7322.7

321.5323.0325.0

37S.0383.8388.63*1.4

389.9389.2383.2

356.7337.7326.8

321.5318.8319.5

317.6317.5318.4319.8321.7

323.5

484.3

*8«.2

49U8

488.148S.8475.9

440.7417.4407.0

404.2401.4402.7

859.3

R72.9879.8883.2

878.087*. <»859.1

797.4755.1733.8

725.7720.1772.2

170.1

172.9182.3185.1

187.6191.1182.2

166.7

15*Io

1*6.71*0.9139.3

36.6

* 0 . *• 7.148.2

*9.3*9.9*7.6

*6. 1U5.2*3.5

41.0*0 . *39.2

1*0.61*0.61*0.1138.9137.9

*0.03**.63^.639.138.6

137.8 38.8

1 /

2/3/

BXCLODBS THE BSTIHATED AHOURT OF VAULT CASHCORRERCY OUTSIDE THE U . S . TREASURY, P.R BARKS ARD VAULTS OP CORRBVCIAL BARKS.HELD BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.OUTSTARDIRG AHOURT OF U . S . DOLLAR-DBROHIRATED TRAVBtBtS CHECKS 0 7 RORBARK ISSUERS.DEHARD DEPOSITS AT COBHERCIAL BARKS ARD FOR S I SB RELATED XBSTITSTXORS OTHBR THAR THOSE DWR *O DOHES*IC BARKS, THE TJ.S. GOVERN-HENT AND FOREIGN BARKS ARD OFFICIAL IHSTITOTIOBS LBSS CASR ITBR3 XR TUB PROCESS OP COLLECTION ARD F . R . FLOAT. EKCLODES THEBSTIHATED AHOURT OP DBHARD DEPOSITS HELD AT COSHERCXAL BftBKS §Y TftRXPT INSTITUTIONS TO SERVICE *KBIR OCD LIABILITIES.INCLUDES ATS ARD RO« BALARCBS AT ALL DEPOSITORY IffSTXTVTXOfS BfCTOT CREDIT 9RIORS, CREDIT USION SHAPE DFAFT BALANCES ANDDBHARD DEPOSITS AT THRIFT IRSTITUTIOBS. OTNBR CHBCVABLE DEPOSITS SBASORALLY A0J0ST2& EQUALS M5HAND DEPOSITS PLUS OCDSEASONALLY ADJUSTED LESS DBHAND DEPOSITS SBASORALLY ADJQSTBft.. SKH9 ACCO0RT3 XRCL9DB CEILIRG P?>3*AUTHORIZED BY THE DEPOSITORY IRSTITOTIORS DEREGULATION COHRITTBft TO BB OPPERBD BBGIVHIRG JAIWARY 5 , 1 9 8 3 .DATA INDICATE THAT BALANCES IW "SUPER ROWS" 9ERE ABfcOT S 3 1 . 7 Bf&lIOft X« THE 1B«K BRDBD JURE 2 2 , ABOUT * 3 1 . * BILLIONIK THE REEK ENDED JURB 2 9 , AND ABOUT $ 3 3 . 0 BILLION IR TRS VBEK EffDED JOLT 6 . THESE FIGURE? INCLUDE BALANCES IN"SUPER RONS" AT CORRBRCIAL BANKS OF ABOUT 1 2 2 . 2 BILLION i n TUB BB1SK ENDED JURE 2 2 ARD ABOUT * 2 2 . 0 BILLTON IN THEWEEK ENDF.D JUNE 2 9 . FIGURES FOR THE LATEST ftfiBK ARE ROT VBT AVAILABLE BY TYPE OP INSTITUTION.INCLUDES OVERNIGHT ARD CORTIHUIRG CONTRACT RPS ISSOBD BT CORRBRCXAL BARKS TO OTHBR THAN DEPOSITORY INSTITUTIONS AND HONEYHARKET HUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER) .ISSUED BY FOREIGN (PRINCIPALLY CABIBBEAR AND LONDON) BRARCRBS OP f l . S . BARKS TO O . S . RESIDENTS OTHER THARDEPOSITORY INSTITUTIONS AND HONEY HARKET ROTOAL FORDS.HORBY HARKET DEPOSIT ACCOURTS (HHDAS) VERB AQTRORIKB* IV TRB DEPOSITORY XRSTITOTXORS DEREGULATION COHHITTEB TO BE OFFEREDBEGINNING DECEMBER 1* , 1 9 8 2 .SAVINGS DEPOSITS EICLODE HHDAS.SHALL DENOHINATION TIHE DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN ABOUND OF LESS THA» $ 1 0 0 , 0 0 0 . ALLRETIBEHENT ACCOUNTS (IRA) AND KEOGH ACCOURTS AT COHHERCIAL BARKS AND THRIFTS ARE SUBTRAC**D PRO* SHALL *IHE DEPOSITS.

1 0 / ROT SEASONALLY ADJUSTED, INCLUDES BALANCES IR BOTH TAXABLE ARD TAX-EIEHPT FURDS. ALL INDIVIDUAL RFTIPEHENT ACCOUNTSARD KEOGH ACCOURTS AT HONEY FUNDS ARE EXCLUDED.

5/

6/

7/

8/9/


H.6 (508)

Tabl$ 3—continuedCOMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBillions OT aoiiars, seasonally aa

Date

1982-JONE

JOLTAOG.SEPT.

OCT.NOV.DEC*

1 9 8 3 - J A N .FEB.MAR.

APR.HATJUNE P

WEEK ENDING:

1983-JONE 18

152229 P

JIH.Y 6 P

usiea uniess orlerwise noieuLarge denomination time deposits1

at commercialbanks2

267.4

271.7273.6273.6

275.3273.7267.0

247.6235-2231.6

231.1226.8228.7

227.2228.0229.4230.1229.2

227.1

at thriftinstitutions

60.0

60.461.362.5

64.366.866.7

63.162.764.6

69.272.575.3

total

327.4

332.133H.9336.1

339.6340.4333.8

310.7297.9296.2

300.4299.3304.0

Term RPs3at commercial

banksNSA

24.6

22.725.424.6

26.027.828.2

27.928.629.4

30.332.531.6

32.530.031.332.433.0

29.6

at thriftinstitutions

NSA

11.7

11.811.611.8

11.711.612.1

12.612.212.3

12.412.612.5

totalNSA

36.3

34.537.036.4

37.739.440.3

40.640.841.7

42.745.144.1

Term 4Eurodollars

NSA

84.7

83.780.980.6

81. 179.580.1

81.283.8

Savingsbonds

67.7

6?.667.S67.5

67.667.fi67.9

68.168.5

Short-termTreasurysecurities^

197.2

202.9204.1203.6

210.3214.5217.6

219.3219.3

Bankers r •acceptances^

4 1 . 6

42.041.341.4

42.P43.144.9

45.343.2

Commercialpaper7

115.7

118.7112.0113.7

112.3107.3108.8

113.5115. 1

1/ LARGE DENOBINATION TIBE DEPOSITS ARE THOSE ISSOED IH AMOUNTS OF £100,000 OR MORE, E7CL0DING THOSE BOOKED H? INTERNATIONALBANKING FACILITIES (IBFS).

2/ LARGE DENOBINATION TIRE DEPOSITS AT COBHERCIAL BANKS LESS LARGE TIME HELD BT HONET PAPKE* HtfTWJiL FUNDS AND THRIFT INSTITUTIONS.3/ TERH RPS ARE THOSE WITH ORIGINAL HATORITT GREATER THAN ONE DAT, EXCLUDING CONTINUING CONTRACTS AND RETAIL RPS.4/ TERH EURODOLLARS ARE THOSE WITH ORIGINAL HATORITT GREATER THAN ONE DAT EXCLUDING TROSF HELP BT DEPOSITORT INSTITOTIONS AND

HONET flARKBT HUTOAL FUNDS.5/ INCLUDES 0. S. TREASURT BILLS AND COUPONS WITH PEHAINING BATOPITT OF LESS THAN 18 BONTHS HELD BT OTHFR THAW DFPOSITORT INSTI-

TUTIONS, P.R. BANKS, AND BONET MARKET BUTUAL PUNDS.6/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL TNSTITftTTOMS, THE FEDERAL HOHfl LOAN BAHK

STSTEH, AND HONET BARKET BUTUAL FUNDS.7/ TOTAL COBBERCIAL PAPER LESS COMBERCIAL PAPER HELD BT BONET BARKET BUTUAL FUNDS.


H.6(508)

Table 3A

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

Date

1982-JOHE

JULYAOG.SEPT.

OCT.ROY.DEC.

1983-JAH.FEB.HAR.

APR.HAYJORB P

REEK ERDIRG:

1983-JOHB 18

152229 P

JOLY 6 P

Currency1

126.3

129.8130.1130.2

131.3132.7135.2

133.2133.7135.4

137.4138.9140.4

139.3141.2140.7140.3139.4

143.3

Travelerscheeks2

4 . 7

l1

Iit

]1

411

1.91.91.7

1.41.21.0

1.91. 11.3

1.4I.S1.9

0

at memberbanks3

149.2

151.0150.1152.5

155.7158.0163.3

161.9153.4155.4

160.1157.4160.2

157.1161.2162.4159.6156.0

166.0

demand deposi

at domestic

banks4

76.1

77.476.277.0

78.379.381.0

80.176.276.5

79.077.578.7

77.280.479.678.076.2

81.7

at foreign-relatedbankingoffices

in the U.S »

3 .7

3.73.73.9

4.03.93.9

3.73.63.7

3.83.73.7

3.63.73.73.73.8

3 . 8

total6

230.7

231.7229.6232.9

237.6240.6247.7

245.1232.8235.2

242.4238.2242.2

237.5244.9245.3240.9235.6

251.0

Othe

atcommercial

banks7

69.2

69.370.773.4

76.179.281.0

82.483.686.7

90. «88.790.7

88.992.592.090.286.1

93.0

' checkable dei

at thriftinstitutions8

18.0

18.*19.119.9

21.222.323.1

25.126.427.7

29.529.530.3

29.*31.230.530.129.4

31.3

>osits

total

87.2

87.9

93^3

97.3101.5104.0

107.5110.0114.3

120.2118.2121.0

118.5123.7122.5120.3117.5

124.2

Overnight

32.8

33.334.034.1

37.%38.538.5

40.141.040.9

42.547.247.5

48.145.948.347.848.1

46.6

Overnight ]Eurodollars

7.S

8.58.47.%

6.56.?5.8

7.27.87.8

8.19.19.3

9.88.68.69.4

10.6

4 . 1

1 / C0RRBHCY OOTSIDE THE O . S . TREASOBY, F . I . BARKS ARD TUB ?MILTS OF CORBBRCX1L BARKS. EXCLUDES TBB BSTIHATBD AHOtTRT OP fAOLTCASB HELD BT THRIFT IHSTITOTIORS TO SERfXCB TBBIR OC» LIABILITIES.

2 / O0TSTAR0IHG AROOHT OP O . S . DOLLAR-DBBOBIBATE* TRAfBLBRS CHECKS OP VORBARR ISS9BRS.3 / DBHARD DEPOSITS OTHER THAR THOSE DVB TO DORBSTIC BARKS9 T«B R . S . OOfBRHRBHT ABD PORSIGR BARKS ARD OFFICIAL IRSTI*tlTIORS LESS

CASH ITEHS IR THE PBOCESS OF COLLBCTIOR ABB P . P . FLOAT i t HBHBBR BARKS OP TUB PBHBBAL PBSRRfB STSTRH.4 / DEHARD DEPOSITS OTHEB THAR THOSE DOB TO DOBBSTIC BABKS# TIB I . S . COfBHRHRRT ARD FORBIGH BARKS ARD OFFICIAL IRSTITOTIORS LBSS

CASH ITBHS IR THE PROCESS OF COLLBCTIOR AT RORRBHBB1 BARKS.5 / DEPOSITS AS DESCRIBED IB FOOTROTB 4 AT ACBRCIBS ABB RRARCRRS OP P0RBI6B BARKS, BDGF ACT CORPORATORS ARD FORFIGH IRfBSTRlRY

COHPARIBS.6 / EQUALS SDH OP THREE PREflOOS COHPORERTS LESS THB BSTIHATRD AROORT OF DRRARD DEPOSITS HELP A* COHHBRCIAL BARKS BT THBIFT

IRSTITOTIORS TO SERflCE THEIR OCD LIABILITIRS.7 / ROR ARD ATS BALARCES AT COHHERCIAL BARKS, BBARCHRS ARD ACBRCIBS OF PORKIGR BARKS, ARD EIKSF ACT CORPORATIONS.8 / RON ARD ATS BALARCES AT SAVIRGS BRD LOAR ASSOCIA*IORS ARD ROTOAL SAflRGS BARKS, CREDIT ORIOR SHARE DPAF+ BftLARCBS, ABD

DKHAHD DEPOSITS AT THRIFTS.9 / IRCLODES OftRRIGHT ARD COHTIHIIIRG CORTRACT RPS I*SOR!> BT CORHftRCTAL BARKS TO OTHER THAR DEPOSITORY IKSTI*0*TOBS ARD HOR*Y

MARKET F1OTUAL FORDS (GENERAL PORPOSE AND B* OKB*/DEALER) .1 0 / ISSUED BT POREIGH (PRINCIPALLY CARIBBEAH ARD LOR HOW) BRARCHBS OF t f . S . BARKS TO U . S . RRSIDFR*S OTHK» TfllW DFPOSTTORT

INSTITUTIORS ARD fiORET HARKET ROTOAL FHRDS (GRRERAL PflRPOSR A«f* RRORRR/DEALPR).


H.6 (508)

Table 3A—continued


Date

1982-JONE

JOLTAUG.SEPT.

OCT.NOV.DBC.

1983-JAN.FEB.NAB.

APB.HATJONE P

WEEK ENDING

1983JONE 1

8152229 P

JULY 6 P

Money market deposit accounts

atcommer-

cialbanks

0 . 0

0.00.00.0

0.00.0

26.5

11(1.2163.318 5.8

198.0207.6215.0

212.2214.3215.3215.3215.3

216.0

atthrift

institutions

0 . 0

0.00.00.0

0.00.0

16.8

74.9114.5134.6

143.2149.2152.3

151.5152.6152.6152.3151.8

151.9

total

0 . 0

0.00.00.0

0.00.0

43.2

189. 1277.7320.5

341.2356.8367.3

363.7366.9367.9367.6367. 1

367.9

Savings deposits1

atcommer-

cialbanks

160 .1

159.9159.3159.7

163.0165.0161.8

150.3143.5142.1

141.9141.7141.4

141.4142.1141.8141. 1140.7

141.9

atthrift

institutions

188.5

188.7187.5188.5

194.8198.3195.0

184.4181.0181.1

182.4182.9184.9

total

348.6

348.6346.8348.2

357.8363.4356.7

334.7324.5323.2

324.3324.6326.3

Small denomination time

atcommer-

cialbanks

376.9

383.0387.4389.7

388.3387.1380.2

356.3339.3329.2

322.7320.5321.0

319.9320.1320.6321.2322.0

323.4

atthrift

institutions

484.5

488.7489.2489.3

487.0484.5473.6

442.3419.2408.5

405.9402.3402.9

deposits^

totai

861.4

871.6876.6679.0

£75. 3871.6853.9

798 . f758. S737.7

728.67?2.77 2 3 . 9

6

Large denomination time deposits 3

atcommer-

cialbanks4

263.8

267.5271.9272.7

275.0274.6270.0

250.4238.7233.4

229.2225.4226.1

227.1226.6226.4225.9225.6

223.5

atthrift

institutions

59.7

59.961.062.2

64. 166.366.5

63.863.965.5

68.972.674.8

total5

323.5

327.4332.9334.9

339.1340.8336.5

314.2302.6298.9

2^8.12^8.0300.9

1 / SAVINGS DEPOSITS EXCLUDE HNDAS. mmng. _ n _ ___2 / SHALL DENOMINATION TIME DEPOSITS — INCLODING RETAIL RPS — ARE THOSE ISSOED IN AHOONTS OF LESS THAN $ 1 0 0 , 0 0 0 . ALL

INDIVIDOAL RETIREMENT ACCOUNTS (IRA) AND KEOGH ACCOUNTS AT COMMERCIAL BANKS AND THRIFTS APE SfTBTRACTED FROM SMALL

3 / LARGE^ENOMINATION TIME DEPOSITS ARE THOSE ISSOED IV AMOUNTS OF $ 1 0 0 , 0 0 0 OR MORE, ETCLnDING *ROSE BOOKED AT INTERNATIONAL

4 / LARGENDENOMINATION TIME^DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BT MONFT MARKET MUTUAL FUNDS AND *HBI»T

5 / TOTAL LARGE DENOMINATION TIME DEPOSITS EXCEEDS SOM OF THREE PREVIOUS COLUMNS BT SflCH DEPOSITS AT CREDIT ONIONS.


H.6 (508)

Table 3A—continued


Date

1982-JUNE

JULYAUG.SEPT.

OCT.NOV.DEC.

1983-JAN.FEB.MAR.

APR.HAYJONE P

WEEK ENDING:

1983-JONE 18

152229 P

JULY 6 P

TermRP's1

atcommercial

banks

24.6

22.725. H24.6

26.027.828.2

27.928.629.4

30.332.531.6

32.530.031.332.433.0

29.6

atthrift

institutions

11.7

11.811.611.8

11.711.612.1

12.612.212.3

12.412.612.5

total

36.3

34.537.036.4

37.739.440.3

40,640.841.7

42.745.144.1

TermEurodollars 2

84.7

83.780.980.6

R1.179.580.1

81.283.8

Savingsbonds

67.4

67.467.567.5

67.768.068.2

68.468.5

Short-termtreasury

securities 3

197.0

108.7109.1199.2

206.8212.5216.8

221.3225.5

Bankersacceptances

4 U U

41 .340.941.8

43.443.945.1

45.443.5

7

Commercialpaper 5

116. 1

118.0114.7112.0

111.5108.2109.2

114.1116.6

1/ TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTPACS AND PRTAIL PPS.2/ TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATEP THAN ONE DAY EXCLUDING THOSF HELD B* DEPOSITORY INSTITUTIONS ANT)

HONEY MARKET MUTUAL FUNDS.INCLUDES U.S. TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 18 MONTHS HF.LO BY OTHER THAN DEPOSITOPY INSTI-TUTIONS, F. R« BANKS, AND MONEY MARKET MUTUAL FUNDS.NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS. F.R. BANKS, FOREIGN OPFICIAL INSTITUTIONS, THE FEDERAL HOMF! LOAN BANKSYSTEM, AND HONEY MARKET MUTUAL FUNDS.TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY HONEY MARKET MUTUAL FUNT>S.

3/

4/

5/


H.6 (508)

Table 4

MEMORANDA ITEMSBillions of dollars, not seasonally adjusted

Date

1982-JUNE

JOLTAUG.SEPT.

OCT.HOV.DEC.

19 8 3 - J A N -FEB-HAR.

APR.HATJOHE P

SEEK EHDIHG:

1983JOHE 1

8152229 p

JOLT 6 p

Demand deposits at banks due to

foreigncommercial

banks

9 . 4

9.68.68.. 4

8.48.. 48.6

7.87.,98.. 1

7.98.. 18.2

8.98.08.08.28*5

8 . 8

foreignofficial

institutions

2.4

2.52.32-0

2.21.92.1

2.12,01.9

2.02.02.0

2.01.R2- 12..02..0

2 . 2

Time andsavingsdeposits

due to foreigncommericalbanks and

foreign officialinstitutions

9 . 6

9.99.79.4

9.29.29.0

8.78.. 38. 1

7.97.77.7

7.57.67.77.77.7

7 . 6

demanddeposits atcommercial

banks

3 .2

2.52.33.3

2.52.62.9

2.82.82.7

3.92.53.4

2-03.93.93.72.3

3 .1

U.S. government deposits

balances atFederalReserveBanks

3 .3

3.33.33.8

3.23. 13.2

3.33.23.3

3.83.63.4

2.92.63.13.83.9

4 . 5

note balancesat commercial

banks and thriftinstitutions

7 .5

5.75.89.0

13.85.37.9

13.57.4

10.4

10.310.09.8

3.14.02.7

13.219.2

18.9

total demanddeposits and

note andFR balances

14.0

11.611.416. 1

19.510.914.0

19.613.416.5

18.016.016.6

8.010.59.8

20.. 725.3

26.4

time and savingsdeposits atcommercial

banks

1.0

0.91.01.1

1.11.11.1

1.0o.q1.0

i.i0.90.8

0.80.80.80.90.9

O.ft

8

IRA and Keogh Accounts

commericalbanks

14.7

15.215.616.0

16.617.217.9

19.320.722. R

26.227.327.9

thriftinstitutions

23.8

24.525.125.8

26.627.127.7

28.829.731.3

33.634.935.5

moneymarket

mutual funds

3 .9

1 . 11.21.3

1.4

1.6

1.71.81.9

5.25. 4e5.5e

total

42.5

43.844.946.2

47.648.850.1

52.855.259.0

65.167.6e68.9e

E=ESTIMATED


Supplementary Table 2

Levels and Annual GrowthRates of Ml Using Current*- and ExperimentalAlternative^ Seasonal Adjustment Procedures

(Monthly average)

1982

1983

- June

July

August

September

October

November

December

- January

February

March

April

May

June

Levelsof

Current

453.4

454.4

458.3

463.2

468.7

474.0

478.2

482.1

491.1

497.6

496.5

507.4

512.0

in billionsdollarsExperimentalAlternative

453.3

452.0

456.8

462.8

468.0

474.8

478.5

481.0

490.7

498.7

498.7

507.6

511.0

Annualrates in

Current

2.7

2.6

10.3

12.8

14.2

13.6

10.6

9.8

22.4

15.9

-2.7

26.3

10.9

growthpercent

ExperimentalAlternative

2.7

-3.4

12.7

15.8

13.5

17.4

9.4

6.3

24.2

19.6

0.0

21.4

8.0

1. Current monthly seasonal factors are derived using an X-11/ARIMA-based proce-dure.2. Alternative monthly seasonal factors are derived using an experimental model-based procedure. This procedure uses a combination of statistical regressionand time series modeling techniques to construct seasonal factors that are moresensitive than the current factors to unique characteristics of each series.These characteristics include fixed and evolving seasonal patterns, tradingday effects, within-month seasonal variations, holiday effects, outlier adjust-ments, special events adjustments, and serially correlated noise components.


SPECIAL SUPPLEMENTARY TABLE

Monthly Survey of Selected Deposits and Other AccountsAt All Insured Commercial Banks and All Mutual Savings Banks

May 25, 1983, and June 29, 1983(not seasonally adjusted)1

Liability Categories

Super NOW accounts(standard error of the estimate)2

Money market deposit accounts3

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

91-day money market certificates5

(standard error of the estimate)

6-month money market certificates0


1-1/2 year and over variable cellingcertificates7


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

All IRA/Keogh Plan Deposits9

Retail repurchase agreements10


Liability Categories

Super NOW accounts(standard error of the estimate)2

Money market deposit accounts3

7- to 31-day money market certificates4


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

6-month money market certificates6


1-1/2 year and over variable cellingcertificates7


2-1/2 year ceiling-free time deposits8

All IRA and Keogh plan deposits9

Retail repurchase agreements10


Insured Commercial BanksAmount Outstanding

May 2522,488

(339)

210,097

5,111(585)

5,523(222)

177,792(1,944)

90,424(1,838)

8,957

27,483

2,157(333)

June 29P23,373

(400)

215,295

5,047(558)

5,757(231)

177,956(3,097)

90,132(1,794)

10,942

28,138

2,045(339)

Amount Outstanding^May 25845(7)

35,844

290(119)

353(18)

33,831(679)

25,100(572)

1,729

7,744

421(122)

June 29P924(315)

36,183

294(114)

348(17)

33,657(664)

24,783(575)

2,562

7,967

541(189)

Average Rate PaidMay 257.13

8.06

8.06

8.36

8.62

9.45

9.76

9.58

7.66

June 29P7.29

8.28

8.99

8.99

9.34

9.82

10.09

9.90

8.25

Mutual Savings BanksAverage Rate PaidMay 25

7.33

8.45

8.39

8.36

8.88

9.81

9.99

9.76

8.58

June P7.35

8.60

8.54

9.05

9.36

10.16

10.39

8.9

9.13

Number of Issuing BanksMay 2512,316

12,735

7,280

12,895

14,132

12,768

N.A.

N.A.

4,226

June 29P11,812

12,618

7,052

12,897

14,105

13,008

N.A.

N.A.

4,091

Number of Issuing BanksMay 25

254

382

159

349

406

396

N.A.

N.A.

168

June 29265

392

151

351

405

395

N.A.

N.A.

162

N.A. - Data not available.1. Estimates are bated on data collected by the Federal Reserve from a stratified random *m&0 of about 550 banksand 90 mutual savings banks.2. Super NOW accounts are NOW accounts containing an agreement between depositor and depository such that, providedcertain conditions—including a $2,500 minimum balance—are met, some or all funds deposited are eligible to earnmore than 5.25 percent.3. Money market deposit accounts (MMDAs)—Deposits with a $2,500 initial and average balance requirement, norequired minimum maturity but institutions moat reserve the right to require at least seven day's notice priorto withdrawal, no restrictions on depositor eligibility, or limitations on the amount of interest that may bepaid unless the average balance falls below $2,500 during which period the NOW account rate celling applies;such accounts may allow up to six transfers per month, no more than three of which may be draft and may permitunlimited withdrawals by mail, messenger, or in person. Estimates for this category of deposits are based ondata collected by the Federal Reserve from weekly deposit reports submitted by about 10,500 commercial banksand 400 mutual savings banks.4. 7- to 31-day money market certificates are nonnegotlable 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 butno 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.5. 91-day money market certificates are negotiable or nonnegotiable time deposits issued in denominations of atleast $2,500, but less than $100,000, with original maturities of exactly 91 days for which the maximum permis-sible rate of interest on new deposits ia tied to the discount yield on the most recently issued 91-day (13-week)Treasury bill (auction average).6. 6-month money market certificates (MMCs) are nonnegotlable time deposits in denominations of $2,500, but lessthan $100,000, with original maturities of exactly 26 weeks for which the maximum permissible rate of Intereston new deposits related to the discount yield on the most recently issued 6-month Treasury bill (auction average).7. This category includes all 4-year and over variable ceiling accounts having no legal minimum denominationissued between July 1 and December 31, 1979, all 2-1/2 year and over variable ceiling accounts issued betweenJanuary 1/ 1980, and March 31, 1983, and all 1-1/2 year variable ceiling accounts authorised 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/Keoghaccounts.9. All IRA/Keogh Plan time deposits regardless of size, 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 daysthat arise from the transfer of direct obligations of, or obligations fully-guaranteed as to principal andinterest by, the U.S. Government or an agency thereof.NOTE: See table 1.16 in the Federal Reserve Bulletin for regulatory ceiling rates on specific account categories.


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