h6_19820205_revision.pdf

FEDERAL RESERVE statistical release

For release at4:10 PM EST

H.6(508) February 5, 1982

Money Stock'Kefisions

Measures of the money stock have been revised to

incorporate annual seasonal adjustment and benchmark chan-

ges, as well as minor compositional changes. These revisions

had little impact on growth of the monetary aggregates for

the year 1981, although in some cases monthly growth was

affected significantly.

Revisions to seasonal factors

Seasonal adjustment factors have been updated us-

ing data for 1981 and, in accordance with a recommendation

of the Committee of Experts on Seasonal Adjustment Techniques/

an X-11-ARIMA method was used to compute seasonal factors for

1982. Seasonal factors for transactions deposits (the sum of

demand deposits and other checkable deposits) and demand de-

posits were estimated separately, giving implicit factors for

other checkable deposits. Changes in monthly seasonal factors

are within the range of changes made in earlier years.

Benchmark revisions

Several benchmark revisions were made.

• Commercial bank deposits data were benchmarked

to the March, June and September 1981 call reports,

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

- 2 -

The impact of these adjustments was small, both

on levels and growth rates.

A consolidation adjustment has been made to re-

move at the Ml level the portion of thrift insti-

tutions1 holdings of vault cash that is estimated

to be used for servicing their other checkable

deposit liabilities; this lowers the currency com-

ponent of the money stock which previously inclu-

ded all vault cash at thrift institutions. The re-

mainder of thrift institution vault cash has been

removed at the M2 level. This consolidation ad-

justment reduced Ml by less than $.2 billion and

M2 by about $2 billion in the fourth quarter of

1981, but affected growth rates only minimally.

Cash items in the process of collection (CIPC) of

thrift institutions has been netted against trans-

actions deposits at the Ml level, lowering the

level of the aggregates by about $1 billion in

the fourth quarter of 1981 and affecting growth

rates negligibly. Owing to unavailability of

dataf CIPC of thrift institutions previously had

not been deducted from measures of the money

stock.

Daily deposits data for savings and time deposits

at thrift institutions—reported since November


- 3 -

1980 as a consequence of the Monetary Control

Act of 1980—have been incorporated, making

these components for thrifts comparable to

those of commercial banks in terms of frequency

of data and definition (daily deposits data in-

clude balances in escrow accounts and certain

primary obligations). Historical data on sav-

ings and small time deposits at thrift institu-

tions prior to November 1980 have been revised

to be consistent with the broader daily deposits

report definition. Incorporation of these new

data raised the level of savings and small time

deposits at thrifts by about $4 billion in the

fourth quarter of 1981, although growth of M2

for the year was affected only slightly.

Compositional changes

In the revised measures, retail RPs at all deposi-

tory institutions—issued in denominations of less than

$100r000—appear in the small denomination time deposit com-

ponent of M2; in the old measures, retail RPs entered at the

M3 level as a component of term RPs. Institution-only money

market mutual funds—which do not offer accounts to individu-

als—are removed from the money market mutual fund component

of M2 and enter the money stock at the M3 level, along with

large-denomination time deposits and large-denomination term

RPs.


_ 4 -

The inclusion of retail RPs raises the level of M2

by about $12-3/4 billion in the fourth quarter of 1981 while

the removal of institution-only money funds lowers M2 by

about $29-1/4 billion (after adjusting the overnight RP com-

ponent of M2 to account for RPs held by such money market

funds). For the QIV 1980 to QIV 1981 period, the addition of

retail RPs raised M2 growth by 0.7 percent, while the removal

of institution-only money market funds lowered this aggre-

gate's growth by 0.9 percent.

The updated monthly seasonal factors for 1981 and

1982 are shown in Appendix Table 1, and weekly factors for

late 1981 and 1982 are shown in Appendix Table 2. Weekly

data for Ml and its major components beginning in October

1980 appear in Appendix Table 3. Monthly levels of Ml shift-

adjusted in 1981 are presented in Appendix Table 4. Histori-

cal data will be available shortly on request.


Appendix Table 1

SEASONAL FACTORS-MONTHLYCURRENCY, TRAVELERS CHECKS AND DEPOSIT COMPONENTS OF THE MONEY STOCK

1981-1982

1981—JANUARYFEBRUARYMARCHAPRILMAYJUNEJULYAUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER

1982—JANUARYFEBRUARYMARCHAPRILMAYJUNEJULYAUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER

Currency

1

.9941

.9874

.9908

.9935

.99341.00001.00701.0048

.9975

.99901.00921.0183

.9952

.9873

.9898

.9945

.9983

.99901.00721.0039

.9974

.99991.00811.0192

Nonbanktravelers

checks

2

.9467

.9515

.9523

.9494

.96241.03511.11111.11371.05991.0078

.9609

.9442

.9477

.9529

.9537

.9497

.96301.03771.11181.11181.06431.0121

.9595

.9451

Demandl/deposits

plusother

checkabledeposits

3

1.0179.9736.9732

1.0129.9810.9970

1.0044.9930

1.00051.00521.00731.0284

1.0177.9738.9787

1.0126.9812.9970

1.0042.9931

1.00021.00521.00791.0282

Demand^deposits

4

1 .0182.9742.9792

1.0136.9310.9971

1.0039.9920.9995

1.00421.00771.0292

1.0180.9744.9794

1.0134.9812.9972

1.0037.9923.9993

1.00411.00781.0290

Comni

Savingsdeposits

5

.9981

.9905

.9865

.9938

.991^

.99391.00921.01201.00941.01281.00311.0015

.9982

.9902

.9851

.9931

.9908

.99311.00981.01261.00981.01261.00321.0020

e r c i a l BanksSmall

denom-ination

timedeposits

6

1.00301.01041.01091.00381.00311.0032

.9962

.9917

.991*

.9970

.9931

.9958

1.00311.01081.01151.00381.00291.0030

.9959

.9913

.9911

.9971

.9934

.9959

Largedenom-

inationtime

deposits

7

1.01911.02121.01943.0053

.9954

.9842

.9732

.9733

.9857

.98891.00521.0214

1.01941.02231.02001.0063

.9951

.9847

.9731

.9784

.9856

.98901.00431.0211

Thr i f t- TnsM t

Savingsdeposits

8

.9906

.9869

.9888

.9899

.99611.01371.01121.01791.01271.0041

.9955

.9906

.9868

.9882

.9931

.9895

.99561.01441.01151.01831.01241.0043

.9953

Smalldenom-

inationtime

deposits9

1.00791.00991.01021.00931.0001

.^998

.9932

.9878

.9906

.9973

.9952

.9969

1.00811.01031.01081.01011.00021.0003

.9924

.9870

.9904

.9980

.9952

.9970

it i o n sLarge

denom-ination

timedeposits

10

1.00051.0078

.9951

.9852

.9997

.99601.00051.00361.00631.0067

.9993

.9968

1.00271.0100

.9964

.9851

.9993

.9946

.99881.00201.00561.00701.0003

.9987

1/ IN OBSTRUCTING Ml THE SEASONAL FACTORS FOR "DFMAND DEPOSITS PLUS OTHER CHECKABLE DEPOSITS" ARF USFD TO DFRIVF TPF SUM OFDEMAND DEPOSITS AND OTHER CHECKABLE DEPOSITS, SEASONALLY ADOUS^D. THE DEMAND DFPOSIT QCWPOmW SEASONALLY ADJUSTED IS CON-STRUCTED USING THE DEMAND DEPOSIT SEASONAL FACTORS. OTHER CHECKABLE DEPOSIT SFASO*1ALLY ADHERED IS DFRIVFD AS TPF DIFFERENCEBETWEEN THESE TWO SERIES.


Appendix Table 2

SEASONAL FACTORS-WEEKLYCURRENCY AND DEPOSIT COMPONENTS OF Ml AND COMMERCIAL BANK DEPOSIT COMPONENTS OF BROADER AGGREGATES

October 1981-December 1982

1981—OCT.

NOV.

DEC.

1982—JAN.

FEB.

MAR.

APR.

MAY

JUNE

JULY

AUG.

SEPT.

OCT.

NOV.

DEC.

7142128411182529162330

613202731017243101724317

1421285

1219262916233071421284111825181522296132027310172418152229

Currency

1

1.00501.0060.9970.9890.9990

1.01501.00901.00701.00801.02101.01701.02401.0170

1.01101.0030.9930.9810.9820.9950.9910.9820.9840

1.0000.9940.9880.9820

1.00001.0050.9930.9820.9970

1.0060.9980.9910.9960

1.00901.0020.9970.9910

1.01901.01301.0050.9960

1.00301.01501.0080.9980.9900

1.01301.0010.9940.9840

1.00501.0070.9990.9900.9970

1.01501.00901.00701.00501.02101.01801.02201.0200

Demanddepositsplus

-othercheckable, .deposits zf

2

1.02001.01701.0040.9790

1.01101.01401.0140.9890

1.01501.02501.02801.02801.0270

1.07601.03701.0150.9740.9820.9820.9790.9570.9740.9850.9840.9710.9750

1.01701.02601.0210.9940.9930.9840.9820.9640.9860

1.00001.0090.9920.9890

1.02501.01501.0030.9780

1.00001.0060.9960.9770.9900

1.00401.0200.9970.9770

1.02201.01501.0060.9810

1.00601.01501.0160.9940

1.00501.02401.02701.03001.0200

Demanddepositsi/

3

1.01801.01501.0010.9770

1.01101.01201.0140.9870

1.01701.02301.03001.02901.0310

1.07201.03701.0180.9730.9860.9830.9810.9570.9740.9840.9880.9710.9780

1.01601.02801.0230.9930.9990.9840.9820.9630.9860.9990

1.0090.9920.9900

1.01901.01801.0010.9780

1.00101.0060.9940.9760.9870

1.00001.0190.9960.9770

1.01601.01401.0020.9800

1.01201.01301.0150.9900

1.01101.02201.02901.03101.0250

Commercial Banks

Savingsdeposits

4

1.01771.01591.01281.00821.00501.00421.00241.00251.00311.00691.0043.9988.9972

1.00211.0024.9987.9936.9905.9910.9916.9894.9857.9846.9841.9856.9908

1.0011.9991.9902.9870.9892.9914.9921.9909.9907.9934.9934.9932.9971

1.00671.00981.01001.00891.01121.01361.01291.01151.00961.01031.00981.00691.00831.01651.01661.01351.00911.00571.00411.00271.00241.00281.00671.0049.9998.9975

Smalldenomination

timedeposits

111111111111111111111111

5

.9951

.9984

.9983

.9965

.9954

.9933

.9923

.9928

.9930

.9946

.9951

.9961

.9982

.9999

.0015

.0033

.0049

.0073

.0100

.0102

.0104

.0105

.0121

.0126

.0109

.0084

.0047

.0041

.0040

.0035

.0025

.0025

.0028

.0032

.0045

.0056

.0043

.0022

.9993

.9984

.9972

.9958

.9943

.9918

.9921

.9915

.9909

.9935

.9912

.9911

.9912

.9905

.9945

.9980

.9985

.9969

.9956

.9936

.9924

.9927

.9928

.9946

.9951

.9960

.9980

Largedenomination

timedeposits

6

.9958

.9925

.9873

.9890

.9917

.99801.00321.01351.01591.01181.01581.02561.0333

1.01861.01801.01631.0206i.U22b1.02141.01831.02141.02271.01971.01921.01891.01681.01071.00691.00151.0032.9924.9946.9960.9980.9953.9889.9832.9780.9821.9758.9703.9716.9738.9738.9767.9786.9803.9845.9862.9809.9846.9922.9869.9913.9879.9884.9913.9969

1.00251.01211.01581.01171.01471.02361.0319

37 IN CONSTRUCTING Ml THE SEASONAL FACTORS FOR "DEMAND DEPOSITS PLUS OTHER CHECKABLF DEPOSITS" ARE USED TO DERIVE THE SUM OF DEMANDDEPOSITS AND 0CHER CHECK/HLE DFPOST" \ SEASO' V ADJUSTED. THE DEMAND DEPOSIT COMK^LNT SEASONALLY ADJUSTED IS CONSTRUCTED USINGTHE DEMAND DEPOSIT SEASONAL FACIOkS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED IS DERIVED AS THE DIFFERENCE BETWEEN THESE TWOSERIES.


APPENDIX TABLE 3M1 AMD COMPONENTSBILLIONS OF DOLLARS

SEASONALLY ADJUSTED HOT SEASONALLY ADJUSTED

• " ~ • — " " • * " — — — — — — — — — — •

1960 OCT 1 . . .OCI 8 . . .OCT 1 5 . . .O C T 2 2 . * .OCT 2 9 . . .NOV 5 . . .NOV 1 2 . . .NOV 1 9 . . .NOV 2 6 . . .DEC 3 . . .DSC 1 0 . . .DEC 1 7 . . .DEC 2 4 . . .DEC 3 1 . . .

1981 JAN 7 . . .JAN 1 4 . . .JAN 2 1 . . .JAN 2 8 . . .FEB 4 . . .fEB 1 1 . . .I£B 1 3 . . .IIB 2 5 . - .MAR 4 . . .MAR 1 1 . . .MAE 1 8 . . .MAR 2 5 . . .APR 1 . . .APR 8 . . . JAPR 1 5 . . .APR 2 2 . . . IAPR 2 9 . . .MAY 6 . . .MAY 1 3 . . .MAY 2 0 . . .MAY 2 7 . . . jJUN 3 . . .JUN 1 0 . . .JUN 1 7 . . .JUN 24JUL 1 . . .JUL 8 . . .JUL 1 5 . . .JUL 2 2 . . .JUL 2 9 . . .AUG 5 . . . JAUG 1 2 . . .AUG 1 9 . . .AUG 2 6 . . .SEP 2 . . .SEP 9 . . . JSEP 1 6 . . .SEP 2 3 . . .SEP 3 0 . . .OCT 7 . . .OCI 1 4 . . .OCI 2 1 . . .OCT 2 8 . . .NOV 4 . . .NOV 11NOV 1 8 . . .NOV 2 5 . . .DEC 2 . . . JDEC 9 . . .DEC 1 6 . . .DEC 2 3 . . .DEC 3 0 . . ,

M1

412 .5414 .3415.4

| 416 .1416 .8417 .3418.9418 .3419 .0416.8415 .34 1 5 . 1412 .8412.4 i417 .1418 .6419 .6417 .8416.4419 .2419 .8420. 1422 .5424. 1424.4424 .0426 .8

\ 432 .2432 .8434 .5432.0-432 .3431 .0429 .0426.5428 . 1429.0428 .8427 .7427 .2431 .8429 .4428 .5427 .94 3 1 . 1431 .9430.4430 .6430 .8432 .0432 .5430 .5429 .3433 .2433 .0433 .6432 .9434 .5435 .8436 .9435 .3438 .6440 .3440 .1

| 440 .7I 441.0

CURRENCY

114.3114.6

| 114.9 J115.1115.2115.4115.4115.5115.7115.9116.2 I116.2116.4116.6116.3116.3116.4116.5116.8117.0 |117.3117.4117.4117.4117.6117.9118.2

| 118.8118.9118.9

I 119.3119.2119.2

| 119.3119.9119.2119.5119.7

| 119.9120.1120.4120.4120.6120.7120.5120.6120.7120.8120.8121.4121.1121. 1

| 121.2I 121.2| 121.3I 121.3I 121.4| 121.5| 121.7I 121.7I 122.0I 122.0I 122.6I 122.8I 123.3I 123.8

DEMANDDEPOSITS

269.8270.9271.6 |271.9271.8271.9272.5272.2272.2269.7268.3267.8265.5264.2262.1255.5252.9250.2245.8245.9244.9

I 242.8244.6244.3

I 242.8241.3242.8244.3242.9243.3241.8243.1241.9240.5239.5238.8238.1237.9237.0236.8238.8236.5235.6235.7237.1 |237.3236.1236.1235.8235.3235.5234.0233.3236.4

| 236.3236.9235.4235.7

| 235.3236.1234.6236.9236.4235.8236.1235.5

OTHER | 1CHECKABLE |J Ml

DEPOSITS |

24.5 124.6 |24.9 |25.2 |25.7 J26.0 |27.0 |26.5 J27.1 |27. K J26.7 |27.0 i

| 26.8 |27.3 J34.5 |42.6 146.2 |47.0 |49.7 |52.1 153.4 155.6 |

| 56.3 158.2 J59.7 |60.6 |60.6 i64.9 |66.7 J68.0 i66.7 |65.7 I65.7 |65.0 J64.8 I65.9 |67.2 167.0 |66.6 i66.2 J68.4 |68.3 |68. 1 i67.2 [69.2 |69.7 |69.4 |69.5 |69.9 |71.2 |71.7 |71.2 |

I 70.5 JI 71.3 |1 71.1 JI 71.2 J1 71.8 |

73.1 |74.5 |74.8 |74.4 J75.4 [77.0 J77.1 |

1 77.0 J77.4 i

1| 407.1I 419.9| 421.0| 416.2| 411.8I 422.3| 424.8I 421.2| 416.1J 423.4| 424.71 426.3I 423.0| 422.9| 437.5| 428.6| 421.1| 407.7| 410.3I 413.0I 412.5| 403.2i 414.3I 419.3I 417.8I 411.9| 419.3J 436.6| 440.7I 441.9| 426.1I 431.1| 426.0I 422.2| 416.6| 423.9j 430.1 jI 431.6| 423.6I 425.1| 441.3 JI 435.8J 429.7I 422.5| 434.0| 435.9I 429.7| 423.9I 428.2| 436.9I 439.6I 427.7i 421.6I 440.0i 439.0I 434.7i 425.7I 437.5| 441.6| 441.9| 432.8| 443.8| 450.1| 450.21 451.5| 450.7

CURRENCY

|112.9115.4115.4114.7114.0115.5117.2116.6116.4117.2118.6116.2119.4118.1117.5116.2115.3114.0114.9116.3116.4114.9115.9

I 117.3116.9116.5116.6119.1118.9118.4117.0

| 119.3| 119.5

118.8119.0118.7120.7120.0119.4119.3123.0121.6

| 121.1120.0121.5122.4121.6120.3120.0122.8

I 121.1120.2

| 119.4| 121.8

122.0I 121.0| 120.1

121.4| 123.5| 122.8

122.8123.0

I 125.2| 124.9

126.2I 125.9

jDEMAND

DEPOSITS

| 265.4275.0

I 276.0| 271.9

268.3276.2276,3273.8269.2

| 275.1274.5276.9

I 272.6| 274.0

279.7265.2255.6243.2242.6241.2240.0

| 231.6| 239.3

240.4I 238.9

232.9238.6248.0

| 249.7| 250.2

239.6242.6

| 238.0| 235.6

230.4235.9

| 238.1| 240.0

233.5I 235.8

244.0240.3235.4230.5238.0238.3233.9

| 229.9I 233.7

236.7I 240.9| 231.6I 228.4| 240.7| 239.9I 237.1I 230.0I 238.3

238.2| 239.4I 231.6I 240.9

241.8I 242.9I 243.0

242.8

CIHEfi |CHECKABLE |

DEPOSITS |

24.6 |25.5 |25.5 |25.6 J25.6 J26.6 J27.2 |26.9 i26.6 |27.2 |27.7 |

I 27.3 |I 27.0 J

26.9 I36.4 |43.2 |46.2 |46.5 |46.6 J51.5 |52.2 |

I 52.7 |55.1 |

| 57.6 i57.9 |58.6 160.1 |65.6 |68.0 |69.4 |65.4 |65.1 J64.5 |

| 63.6 |1 63.1 I

65.1 |67.1 J

i 67.3 J| 66.3 1| 65.4 |1 69.7 |I 69.3 || 68.5 |I 67.2 || 69.6 |1 70.4 |1 69.5 || 69.0 11 69.9 |1 72.9 I1 73.1 |

71.4 ||. 69.4 JI 73.1 |I 72.7 JI 72.3 |I 71.4 J| 73.7 || 75.8 || 75.6 |

74.3 || 75.8 [1 79.0 || 78.3 |I 78.2 I1 77.9 I


Appendix Table 4

REVISED Ml SHIFT-ADJUSTED(in billions of dollars)

1981—JANUARY

FEBRUARY

MARCH

APRIL

MAY

JUNE

JULY

AUGUST

SEPTEMBER

OCTOBER

NOVEMBER

DECEMBER

Seasonallyadjusted

414.4

413.4

416.8

423.6

420.1

418.8

419.5

420.8

420.7

422.2

425.0

428.7

Not seasonallyadjusted

418.6

404.2

409.2

426.3

414.2

418.0

422.1

420.0

420.8

423.8

428.2

439.0


FEDERAL RESERVE statistical release

H.6 (508,i

Table 1

MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars, seasonally adjusted unless otherwise noted

For Release at 4:10 p.m. F.ST

FEB. 5, 1982

Date

19 3 0 - O C T .NO V -DEC.

' 9 8 1 - J & N .F E B .MAR.

APE.1AYJUNE

juiyAUG.52PT.

OCT.NOV.DEC.

J2ZK ENDING:

1981-DEC. 29

162330

1982-JAN. 61320 P27 P

| Ml1

Sum of currency,travelers checks,

i demand depositsand other

[ checkabledeposits1

415.5417.5414,5

417.9419.4424.4

433.3429.2428.4

429.3430.9431.2

432.9436.4440.8

438.6440.3440. 1440.7441.0

447.7450.5449.0447.6

Addenda:

! Overnight RPsat commercial

banks plusovernight

Eurodollars2

NSA

34.034.835.0

35.835.236.5

36.840.942.9

42.343.139.6

36.236.937.8

33.138.140.039.234.8

40.042.342.144.4

Money marketmutual fund

balances(general purposeand broker/dealer)

NSA

61.962.361.8

65.875.185.3

95.898.6

102.8

112.7122.1130.4

137.1144.6150.8

148.8150.9151.7151.1150.3

151.2154.1155.2155.9

M2M1 plus

overnight RPs andEurodollars, MMMFbalances (gen. pur.and broker/dealer),

and savingsand small

time deposits3

1641.91656.01656.1

1665.61678.11701.0

1723.11732.31740.7

1749.91767.01778.1

1789.31809.61821.8

M3

M2 plus largetime deposits,

term RPsand institutions—only MMMF

balances4

1932.51952.61963.1

1984.12001-82023.9

2046.22065.12082.0

2098.82120.62138.0

2151.02174.42187.5

L

M3 plus otherliquid assets5

2.327.52352.52370.4

2397.32418.22438.1

2455.52483.12506.6

2526.72554.42577.3

1/ AVEBAGES OF DAILY FIGURES FOB (1) CURBENCY OUTSIDE THE IREASUBY, FEDEBA1 BESERVE BANKS, AND THE VAULTSOF COMMERCIAL BANKS; (2) TRAVELER'S CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITS AT ALL COMMERCIALBANKS OTHER THAN IHOSi! DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, AND FOBEIGN BANKS AND OFFICIALINSTITUTIONS LESS CASH ITEMS IN THE PROCESS OP COLLECTION AND FEDEBAL RESERVE FLOAT; AND (4) OTHEfiCHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLE OBDEB OF WITHDRAWAL (NOfc) AND AUTOMATIC IBANSFERSEBVICE (ATS) ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS (CUSd), ANDDEMAND DEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY AND DEMAND DEPOSIT COMPONENTS EXCLUDE THEESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELD BY THRIFT INSTITUTIONS 10 SERVICETHEIR OCD LIABILITIES.

2/ OVERNIGHT (AND CONTINUING CONTBACT) BPS ARE THOSE ISSUED BY COMMERCIAL BANXS TO OTHER THAN DEPOSITORYINSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER), AND OVERNIGHTEURODOLLARS AR*' THOSE ISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS 20 U.S. RESIDENTS OTHEfi THAN DEPOSITORYINSTITUTIONS AND MONEY MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BfiOKER/DEALER).

3/ INCLUDES SAVINGS AND SMALL DENOMINATION TIME DEPOSITS (TIME DEPOSITS — INCLUDING RETAIL BPS — IN AMOUNTSOF LESS THAN $100,000) ISSUED BY COMMERCIAL BANKS AND THBIFT INSTITUTIONS. M2 WILL DIFFEB FROM IHE SUM OFCOMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT C.DEMAND DEPOSITS AND VAULT CASH HELD BY THRIFT INSTITUTIONS TO SEBVICE TIME AND SAVINGS DEPOSITS.

4/ INCLUDES LARGE DENOMINATION TIME DEPOSITS ISSUED BY COMMERCIAL BANKS AND THRIFT INSTITUTIONS IN AMOUNTS OF$100,000 OB MORE, LESS HOLDINGS OF DOMESTIC BANKS, THBIFT INSTITUTIONS, IHE U.S. GOVERNMENT, MONEY MARKETMUTUAL FUNDS AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS. M3 WILL DIFFER FAOH IHE SUM OF COMPONENTS PRESENTEDIN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS HELDBY INSTITUTIONS-ONLY MONEY MARKET MUTUAL FUNDS.

5/ OIHEB LIQUID ASSETS INCLUDE THE NONBANK PUBLIC'S HOLDINGS OF U.S. SAVINGS BONDS, SHOKI-TERM TREASURYSECURITIES, COMMERCIAL P A P E B , BANKERS ACCEPTANCES AND TERM EUBODOILABS NET OF MONEY MARKET MUTUAL FUNDHOLDINGS OF THESE ASSETS.

NOTE; P INDICATES PRELIMINABY DATA. SPECIAL CAUTION SAOULD BE IAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES INMONEK SUPPLY DATA, WHICH ARE C?TEN HIGHLY VOLATILE AND SUBJECT TO REVISION IN SUBSEQUENT WEEKS ANDMONTHS. PRELIMINARY DATA ARE SUBJECT TO WEEKLY REVISIONS UNTIL THEY ABE FINAL.


H.6(508)

Table 1A

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

Oats

1980-OCT.NOV.DEC.

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

APE.MAYJUKE

JULYAUG.SEPT.

OCT.NOV.DEC.

WEEK ENDING;

1981-DEC. 29

16233 0

1982 -JAN. 61320 P27 P

M1

Sum of currency,travelers checks,demand deposits

and othercheckabledeposits1

417.1420.7424.6

422.0410.1416.7

436.0423.2427.6

432.1430.2431.5

434.5439.7451.1

443.8450.1450.2451.545£. 7

473.1462.6452.7436.7

Addenda:

Overnight RPsat commercial

banks plusovernight

Eurodollars2

NBA

34.G34.835.0

35.835.236.5

36.840.942.9

42.343.139.6

36.236.937.8

33.138.140.039.234.8

40.042.342.144.4

Money marketmutual fund

balances(general purposeand broker/dealer)

NSA

6 1 . 96 2 . 36 1 . 8

65.875.185.3

95.898.6

102.8

112.7122.1130.4

137.11 4 4 . 6150.8

148.8150.9151.7151. 1150.3

151.2154 .1155.2155.9

M2M1 plus

overnight RPs andEurodollars, MMMFbalances (gen, pur.and broker/dealer),

and savingsand small

time deposits3

1646.81656.11662-4

1672.11672.31696,8

1729.11723.81739.0

1752.31761.51775.6

1793.11809.21fi28.5

M3

M2 plus largetime deposits,

term RPsand institutions—only MMMF

balances4

1935.61953-91973.8

1994.82001.22023-9

2052.72055.62076.3

2094.72110.12132.2

2152.42175.32199.2

L *

M3 plus otherliquid assets5

2328.32352.32380.2

2409.12423.52441.6

2464.22476.32501*8

2518.32538^.92568.4

NOTE: SEE TABLE 1 FOR FOOTNOTES.


H.6(508)

Table 2

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

Date

SEW. 19B1 (3 HOMTHS PREVIOUS)

JUNE 1981 (6 flOHTHS PREVIOUS)

DEC, 1980 (12 XOMTflS PREVIOUS)

FOUR BEERS EHDIHG; JAH. 2 7 , 1982FfiOfl FOUR WEEKS EMDIMG;

OCT. 28 # 1981 (13 SEEKS FBEVIOOS)

JULY 29# 1981 [26 iEEKS PBE?IOUS)

JAN. 2 8 , 1981 (52 SEEKS PBEVIOUS)

M1

8 . 9

5«8

6 . 3

U . 3

9 . 0

7 . 3

M2

9 . 8

9 .̂3

10.0

M3

9 . 3

10.1

11.4


H.6 (508)

Table 3

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

Date

1 9 8 0 - O C I .NOV.DEC.

1981-JAN.FEB.MAB.

APB.MAYJUNE

JULYAUG.SEPT.

OCT.NOV.DEC.

WEEK ENDING:

1981-DBC. 29

162330

1982-JAN. 61320 P27 P

Currency1

114.9115.6116.2

116.3117.2117.8

119.1119.4119.7

120.5-120.7121.1

121.3121.8123.1

122.0122.6122.8123.3123.8

123.9123.4123.8124.2

Travelerschecks2

4.04. 14.2

4

(

1.21.21.2

1.21.21.2

(.2

1.3

1.31.3

Demanddeposits3

271.5271 .1267.2

254.1244.8243.0

243.5240.4237.7

236.7236.6234.7

235.7235.7236.4

236.9236.4235.8236.1235.5

243.7241.2237.8236.7

Othercheckabledeposits4

25.126.726.9

43.253.359.5

66.565.266.7

68.069.471.2

71.674.777.0

75.477.077.177.077.4

75.781.583.182.4

OvernightRPs

(net)*

NSA

29.630.130.5

30.630.431.9

31.834.536.5

35.435.332.7

30.230.431.1

26.432.133.732.227.4

32.634.635.036.5

OvernightEuro-

dollars6

NSA

4.44.74.5

5.2< 4.9

4.6

5.06.56.4

6.97.86.9

5.96.56.7

6.66.06.37.07.4

7.57.57.17.9

Savings deposits

atcommer-

cialbanks

189.9190.2183.6

176.6173.5173.6

173.3170.9168.0

165- 0160.5157.5

155.3156.4157.0

156.3156.5156.7157.0157.3

158.4159.0158.9159.0

atthrift

institu-tions

223.4220.9215.3

207.9205.0204.9

205.5202.6196.6

194.9189.0185.6

184.3184.5186.6

total

413.3411.1398.9

384.5378.5378.5

378.8373.5366.8

360.0349.5343.1

339.6340.9343.5

Small denominationtime deposits7

atcommer-

cialbanks

278.0284.8292.0

300.9305.2309.2

312.2317.1322.6

327.2336.0341.5

347.9352.9352.6

353.1353.0353.1352.6351.5

351.8352.7353.4354. 1

atthrift

institu-tions

441.9450.5458.5

465.9469.1471.2

470.2476.3479.2

477.9481- 1484.7

488.6491-4489.2

total

721.0736.4751.7

768.1775.7782*0

784.1795.8805.5

811.5827.1839.7

849.8656.7854.6

Money marketmutual fund balances*

generalpurpose

and broker/dealer

61,. 962-361.8

65.875.185.3

95.898.6

102.8

112.7122.1130.4

137.1444.6150.8

148.8150.9151.7151.1150.3

151.2154.1155.2155.9

institutiononly

15.514.713.9

15.017.320.2

21.319.520.1

21.623.326.6

29.432.033.7

34.134.634.333.432.2

33.232.733.031.9

1/ CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AMD VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED AMOUNT OF VAULT CASHCASH HELD BY THRIFT INSTITUTIONS TO SERVICE THEIfi OCD LIABILITIES.

2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUEBS.3/ DEMAND DEPOSITS AT COMHBBCIAL BANKS AND FOBEIGN BELATED INSTITUTIONS OTHBB THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERN-

MENT AND FOBEIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PBOCESS OF COLLECTION AND f.fc- FLOAT. EXCLODES THEESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD LIABILITIES.

4/ INCLUDES ATS AND NOW BALANCES AT ALL INSTITUTIONS, CREDIT UNION SHABE DRAFT BALANCES AND DEMAND DEPOSITS AT THRIFT INSTITU-TIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTED EQUALS DEMAND DEPOSITS PLUS OCD SEASONALLY ADJUSTED L&SS DEMAND DEPOSITSSEASONALLY ADJUSTED.

5/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT BPS ISSUED BY COMMERCIAL BANKS TO OTHER THAI DEPOSITORY INSTITUTIONS AND MONEYMARKET MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).

6/ ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DBPOSI1OBY INSTITUTIONS AND MOUSY MAB 1ST MOT0AXFUNDS.

7/ SMALL DENOMINATION TIME DEPOSITS — INCLUDING RETAIL RPS — ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $100,000.


H.6 (508)

Table 3—continued

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

Date

1 9 8 0 - O C 1 .NOV.DEC.

1 9 8 1 - J A N .PEB.HAH.

APfi.HAYJUNE

JULYAUG.SEPT.

OCT.NOV.DEC.

WEEK ENDING:

1981rDEC. 29

162330

1 9 8 2 - JAN. 61320 P27 P

usted unless otherwise notedLarge denomination time deposits l

at commercialbanks2

1 9 8 . 12 0 4 . 1212.7

221.0225.2222.8

220.2229.3236.2

243.1248.6249.9

249.0246.9246.1

247.2247.8247.7241,3246.9

250.3248.9248.5252.1

at thriftinstitutions

43.043.945.3

46.54b.647.0

47.449.149-4

50.051.352.5

53.353.754.4

total

2 4 1 . 0247.9257.9

267.5271.7269.8

267.6278.4285.6

293.1299.9302.3

302.2300.6300.5

Term RPs3at commercial

banksNSA

27.828.129.5

30.930.228.1

28.229. 130.0

28.425.826.2

25.627.826.8

31.827.625.425.028.0

25.623.923.223.8


NSA

7.77.98.3

8.37.98.0

8.58.68.8

8.87.57.6

7.87.88.3

totalNSA

35.536.037.7

39.238.136.1

36.737.738.8

37.233.433.6

33.435.635.1

TermEurodollars

(net)4NSA

45.246.348.4

50.252.252.2

52.657.057.9

58.761.061.2

Savingsbonds

72.872.672.3

71.771.070.6

70.370.069.7

69.468.968.4

Short-termTreasurysecurities^

149.3152.3156.7

161.1163.6161.9

157.615a. 2160.3

161.8164.1168.1

Bankersacceptances^

30.531.031.8

32.432.633.3

34.635.636.4

37.237.437.6

Commercialpaper?

97.397.896.2

9J.797.096.1

94.297.2

100.3

100.9102.5103.9

1/ LARGE DENOMINATION TIME DEPOSITS AflE THOSE ISSUED IN AMOUNTS OF $10t>,000 OB MOBE, EXCLUDING 'J.HOSE BOOKED AT INTERNATIONALBANKING FACILITIES (IBFS).

2/ LARGE DENOMINATION TIME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTOAi FUNDS AND THRIFT INSTITUTIONS.3/ TERM EPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AMD BETAXL RPS.4/ TERM EURODOLLARS ARE THOSE HITH ORIGINAL MATURITY GREATER THAN ONE DAY NET OP 1EBH EURODOLLARS HELD BY U.S. RESIDENTS OTHER

THAN DEPOSITORY INSTITUTIONS AND MONEY MARKET MUTUAL FUNDS.5/ INCLUDES U.S. TREASURY BILLS AND COUPONS HITH REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY O1HEB THAU DEPOSITORY INSTI-

TUTIONS, F.R. BANKS, AND MONEY MARKET MUTUAL FUNDS.6/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FOREIGN OFFICIAL INSTITUTIONS, THE FEDERAL HOME LOAM BAMK

SYSTEM, AND MONEY MARKET MUTUAL FUNDS.7/ TO1AL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.


H.6 (508)

Table 3A

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS

Date

1980-OC1.NOV.DEC.

l y e i - J A N .FEB.MAR.

APB.HAYJUNE

JULYAUG.SEPT.

O C I .MOV.DEC.

WEEK ENDING:

1981-DEC. 29

162330

1982-JAN. 61320 P27 P

Currency1

114.8116.7118.3

115.6115.7116.7

118.3119.2119.7

121.3121.3120.8

121.2122.9125.4

123.0125.2124.9126.2125.9

125.3123.8122.9121.8

Travelerschecks2

4 . 13 . 93 . 9

4 . 04 . 04 . 0

4 . 04 . 14 . 3

4 . 74 . 74.5

4 . 34 . 14 . 1

Demand deposits

at memberbanks3

171.2171.8173.6

162.7147.6146.8

152.9144.6145.8

147.6145.4145.6

151.9152.4156.8

156.1155.2156.4156.8157.0

170.1162.2155.9148.9

at domesticnonmember

banks4

91.592.893.0

87.882.582. 1

85.882.882.7

82.181.081.1

80.881.482.6

80.982.982.982.381.7

87.484.782.877.8

at foreign-relatedbankingoffices

in the U.S.5

10.18.78.7

8.58.59.2

8.48.78.8

8.18.58.2

4.24.04.1

4.24.13.94.24.4

4.23.73.63.9

total

272.7273.2275.1

258.8238.5237.9

246.8235.9237.0

237.6234.7234.6

236.6237.5243.3

240.9241.8242.9243.0242.8

261.3250.1242.0230.3

Other checkable deposit*

atcommercial

banks6

19.620.520.9

35.743.048.0

54.952.554.3

55.756.558.1

58.560.663.3

61.163.663.363.463.0

66.768.568.065.3

at thriftinstitutions7

6.06.46.3

8.09.0

10.0

11.911.612.2

12.813.013.6

13.914.615.1

14.715.414.914.814.9

15.816.015.715.2

. total

25.626.927.2

43. 652.058.1

66.864.166.4

68.569.571.7

72.4175.278.4

75.879.078.378.277.9

82.584.583.780.5

OvernightRPs(nat)P

29.630.130.5

30.630.431.9

31.834.536.5

35.435.332.7

30.230.431.1

26.432.133.732.227.4

32.634.835.036.5

OvernightEurodollars*

4.4<U74.5

5.24.94.6

5.0

6.4

6.97.86.9

5.96.56.7

6.66.06.37.07.4

7.57.57.17.9

1/ CURRENCY OUTSIDE THE U.S. TREASURY, F.R. BANKS AND THE VAULTS OF COMMERCIAL BANKS. EXCLUDES THE ESTIMATED AHOUMT OF VAULTCASH HELD BY THBIFT INSTITUTIONS TO SEBVICE THEIR OCD LIABILITIES.

2/ OUTSTANDING AMOUNT OF U.S. DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUIBS.3/ DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS

CASH ITEMS IN 1HE PROCESS OF COLLECTION AND F.R. FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.4/ DEMAND DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT AND FOREIGN BANKS AND OFFICIAL INSTITUTIONS LMSS

CASH ITEMS IN THE PROCESS OF COLLECTION AT NONNENBER BANKS.5/ DEPOSITS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS, SDGE ACT CORPORATIONS AND FOREIGN INVESTMENT

COMPANIES,b/ EQUALS SUM OF THEEE PREVIOUS COMPONENTS LESS 1HE ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THBIFT

INSTITUTIONS TO SfcRVICE THEIR OCD LIABILITIES.7/ NOb AND A1S BALANCES AT COMMERCIAL BANKS.6/ NOW AND ATS BALANCES AT SAVINGS AND LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS, CREDIT UNION SHARE DRAFT BALANCES, AND

DEMAND DEPOSITS Al 1HRIF1S.a/ INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITORY INSTITUTIONS AMD BONBY

MA£KE1 MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALEH).10/ ISSUED BY CARIBBEAN BRANCHES OF U.S. MEMBER BANKS TO U.S. RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MO1BY MARKET

MUTUAL FUNDS (GENERAL PURPOSE AND BROKER/DEALER).


H.6 (508)

Table 3A-continued

COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBillions OT aonars, not season ail

Data

1980-OC1.NOV.DEC.

1981-JAN.FEB.MAfi.

APE.HAYJUNE

JULYAUG.SEPT.

OCT.NOV.DEC.

UESK ENDING:

1981-DSC. 29

162330

1982-JAN. 61320 P27 P

aajusieu

at commercialbanks

192.2190.7183.7

176.3171.9171.3

172.3169.4166.9

166.5162.4159.0

157.3156.9157.2

156.8157.6157.4156.8156.9

158.8159.4158.7158.0

at savingsand loans

1 2 2 . 7115.8111.0

105.2103.3103.2

103.8101.599-7

100.096.994.9

93.793.193.3

Savings depositsat mutual

savings banks

57.856.454.6

52.951.851.8

52.151.050.4

*9.547.648 . vi

47.647.247.4

atcredit unions

45.720.720.3

19.919.720 .1

20.520.420.5

20.820.720.8

20.821.021.5

total

418.4412.4398.0

382.2374.2373-9

376.4369.9365.0

364.2353.6347.9

343.9342.2342.9

Smalt denomination timeat commercial

banks277 .2282 .7290 .7

301.830tt.4312.6

313.4318.1323.7

325.9333.2338.6

346.9350.5351.1

350.6351.1351.3351.2J50.9

351.8353.2354.6355.8

at savingsand loans

342.7341.0347.2

356.2356.9360.2

359.1359.8361.5

360.1361.0362.1

367.1367.8366.9

at mutualsavings banks

87.288.490.3

92.9

94.3

94.194-595.4

92.791.995.8

97.497.697.6

depot**?at

credit unions10.97.88.2

8.89.3$.3

9.59.79*9

10.010.510.9

11.612.012.0

total

719.2732.1748.9

77Z.7763.5790.2

790.0796.9806.4

606.9818.4632.1

847.6651.9651.6

1 / SHALL DENOMINATION TIME DEPOSITS ~ INCLUDING fiEXAIL RPS — AB1 IBOSS ISSUED IN AftOUJTS OF LESS f l A I * 100 ,664 .


H.6 (508)

Table 3A-continued

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

Date

1980-OCl .NOV.DEC.

1981-JAN.FEB.MAR.

APR.HAYJUNE

JULYAUG.SEPI .

oca.NOV.DEC.

WEEK ENDING:

1981->DEC. 29

162330

1982-JAM. 61320 P27 P

Large denomination time depoat

commercialbank$2

195 .9205.4217.4

225-3229-9227.1

221.4228.3232.5

236.6243.3246.3

246.2248.1251.4

251-1250.8251.6247.5255.2

254.9253.4252.5257.3

at savingsand loans

3 8 . 138.639.6

40.941.241.1

40.943.043.1

43.945.246.1

46.847.147.6

at mutualsavingsbanks

4 . 74.84.9

5.05.15.1

5.35.55.6

5.55.76.2

6.36.26.0 .

sits1

total

239.2249.1262.3

271.7276.9273.9

268.1277.3281.7

266.6294.8299,1

299.8301.8305.6

atcommercial

banks

27.828.129.5

30.930.228.1

28.229.130.0

28.425.826.2

25.627.826.8

31.827.625.425.028.0

25-623-923.223.8

Term RPt3


7 . 77 . 98 . 3

8.37.98.0

8.58.68.8

8.87.57.6

7.87.88.3

total

35.536.037.7

39.238.136.1

36.737.738.8

37.233.433.8

33.435.635.1

TermEurodollars

<net)4

45.246.348.4

50.252.252.2

52.657,057.S

58.761.061.3

61.6-20.2•20,9

Savingsbonds

73.072.972,7

7K971.170.6

70.169.769.4

69.168.868.5

68.168.034.0

Short-ttcmTreasury

securities^

147 .1149.3155.3

161.7167.5165.1

15S.6160.6161*3

159.1161.5166.6

173.2176.167.7

< BankersMcranfruL—6

30.831.331.4

32.133.333.9

34.735.436.2

36.536.637.4

37.738.011.6

CommercialPW

96.696-798.5

98.398.396.0

94.497.8

100.7

100.3100.7102.3

103.7104.5

0.0

1/ LABGE DENOMINATION TINE DEPOSITS ABE THOSE ISSUED IN AMOUNTS OF $100,000 OB NOBB, EXCLUDING THOSE BOOKED Al INTEfiNAlIOMAXBANKING FACILITIES (IBFS) .

2/ LARGE DENOMINATION 1IME DEPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MABKET MUTUAL fUMDS AND THRIFTINSTITUTIONS.

3/ TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL BPS.4/ TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GBtalER THAN ONE DAY NET Of TE8,M EURODOLLARS HELD BY U.S. RESIDENTS OTHER

THAN DEPOSITORY INSTITUTIONS AND HONEY MARKET MUTUAL FUNDS.5/ INCLUDES U.S. TREASURY BILLS AND COUPONS WI1H REMAINING MATURITY OF LESS THAN 18 MONTHS HELD BY OTHER THAN DEPOSITORY INSTI-

TUTIONS, F.fc. BANKS, AND MONEY MARKET MUTUAL FUNDS.6/ NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING BANKS, F.R. BANKS, FO&EIGN OFFICIAL INS1ISU1ICN6, THE FEDEBAL HOMB LOAN BANK

SYS1EM, AND MONEY MARKET MUTUAL FUNDS.7/ TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.


H.6 (508)

Table 4MEMORANDA ITEMSBillions of dollars, not seasonally adjusted

Date

1980-OC1.NOV.DEC.

1981-JAN.FEB.MAB.

APR.MAYJUNE

JULYAUG.SEPT.

OCT.NOV.DEC.

WEEK ENDING:

1981-DEC. 29

162330

1982-JAN. 61320 P27 P

Demand deposits at banks due to

foreign commercialbanks

11.912.612.8

12.012.811.9

12.212.212.9

12.612.913.5

12.812.612.9

13.812.713.113.012.7

12.111.712.111.7

foreign officialinstitutions

3 . 03 . 43 . 7

3 .43 . 33 . 0

3.32 . 83 -0

2 .82 . 83 . 0

2.22 .42 . 6

2 . 22 . 82.52.42.5

2.52.62.62.2

Time and savingsdeposits due to

foreign commercialbanks and foreignofficial institutions

11.811.812.0

11.811.611.3

10.910.910.6

9.89.49.4

9.29.09.1

9.08.99.19.19.2

9.08.98.88.7

U.S. government depositsdemand deposits at

commercial banks

2.82.52.8

2.92.92.9

3.93.03.5

2.92.83.5

2.72.83.1

2.62.53.93.32.8

3.02.43.82.9

Federal ReserveBanks

3.23.02.7

3.23.33.0

3,43.33.0

3. 13.23.2

3.33. 12.9

3,02.72.83.22.9

3.73.13.76.1

note balances at total demandcommercial

banks and thriftinstitutions

9 .74 . 16.3

5.15.47.5

8.39.59.1

7.94.87.8

10.97.08.1

6.13.63.6

11.913.8

8.06.7

12.116.2

deposits andnote balances

15.89.6

11.7

11.211,613.4

15.615.815.5

13.910.814.4

16. 912.914.1

11.88.8

10.218.419.5

14.812.119.725.2

time andsavings deposits atcommercial banks

0.60.80.8

0.80.80.8

0.80.80.8

0.80,70.7

0.70.70.7

0.70.70.70.70-7

0.70.70.70.7


h6_19820205_revision.pdf

Documents

definition daily deposits

commercial bank deposits

small time deposits

sum ofdemand deposits

seasonal factors for1982

growth rates

historical data

ing data