h6_19821227.pdf

FEDERAL RESERVE statistical release

For Release atH.6(508) 4:15 P.M. EST

December 27, 1982

Seasonal Factors for Early 1983

Preliminary monthly and weekly seasonal factors for components

of the monetary aggregates for January to March 1983 are shown on the

last page of today's release. These factors will be used to construct

the seasonally adjusted money stock data until completion of the annual

review of seasonal factors in the early part of 1983.

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

FEDERAL RESERVE statistical release

H6 (508)Table 1

MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars

For Release at 4:15 p.m. EST

DEC. 2 7 , 1982

Date

1981NOV.DEC.

1982JAN.FEB.MAR.APR.MAYJUNEJULYAUG.SEPT.OCT.NOV.

M1

sum ofcurrency,travelerschecks,demand

deposits andother

checkabledeposits1

436.4440.9

448.6447.3448.3452.4451.5451.4451.3455.2460.5468.4474.9

M2Seasonal!

M1 plusovernight RPs

andEurodollars,

MMMFbalances (gen.

pur. andbroker/dealer),and savings

and small timedeposits2

1809.91822.7

1841.31848.11865.31880.91897.71908.21923.81946.81955.11968.21987.4

M3y adjusted

M2 plus largetime deposits,term RPs and

Institution-onlyMMMF

balances3

2174.72188.1

2204.32215.12235.92258.32279.52296.22320.62356.42364.22380.72397.9

L

M3 plus otherliquid assets4

2629.32642.8

2667.92690.52717.22744.22774.42799.52831.92856.2

M l M2 M3Not seasonally adjusted

sum ofcurrency,travelerschecks,demand

deposits andother

checkabledeposits1

439.7451.2

453.4437.2440.0455.5445.1450.5454.0454.0460.5470.2478.5

M1 plusovernight RPs

andEurodollars,

MMMFbalances (gen.

pur. andbroker/dealer),and savings

and small timedeposits2

1809.61829.4

1849.21842.91862.11888.11889.11906.61925.21939.41951.31972.11987.2

M2 plus largetime deposits,term RPs and

Institution-onlyMMMF

balances3

2175.62199.9

2217.22216.12237.52266.32269.52290.32314.52343.12356.82382.12398.9

L

M3 plus otherliquid assets4

2628.52653.8

2682.32698.52723.22754.72767.52794.72820.52843.4

For period ended

1982NOV. 3101724

DEC. 18 P

15 P

M1Seasonally adjusted

13-weekaverage

462.2463.7465.3466.7

468.2469.5471.1

4-weekaverage

470.0471.2473.2474.1

474.9476.4477.6

week average

473.2473.4475.84 7 4 . 1

476 .1479.7460.3

Not seasonally adjusted13-weekaverage

462.4464*1466.2468.0

470.0471.9473.8

4-weekaverage

470.4471.9

477.5

478.4480.9483.3

week average

474.b48U.3482.2472 .7

47b.2490 .4491 .7

NOTE: SPECIAL CAUTION SHOULD BE TAKEN IN INTERPRETING WEEK-TO-WEEK CHANGES IN MONEY SUPPLY DATA* WHICH AREHIGHLY VOLATILE AN0 SUBJECT TO REVISION.PINDICATES PRELIMINARY DATA.FOOTNOTES APPEAR ON THE FOLLOWING PAGE


H.6(508)Table 2MONEY STOCK MEASURES AND LIQUID ASSETSPercent change at seasonally adjusted annual rates

Date

3 MONTHS FROM AUG. 1982 TO NOV. 1982

6 MONTHS FROM MAY 1982 TO NOV. 1982

12 MONTHS FROM NOV. 1981 TO NOV. 1982

THIRTEEN WEEKS ENDING DEC. 1 5 , 1982FROM THIRTEEN WEEKS ENDING:

SEPT. 1 5 , 1982 (13 WEEKS PREVIOUS)JUNE 16 , 1982 (26 WEEKS PREVIOUS)DEC. 16 , 1981 (52 WEEKS PREVIOUS)

M1

17.3

10.4

8 .8

15.3

8 .7

8 . 3

M2

6 . 3

9 . 5

9 .8

M3

7 . 0

10.4

10.3

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

THE VAULTS OF COMMERCIAL BANKS; (2) TRAVELERS CHECKS OF NONBANK ISSUERS; (3) DEMAND DEPOSITSAT ALL COMMERCIAL BANKS OTHER THAN THOSE OUE TO DOMESTIC BANKS, THE U.S. GOVERNMENT, ANDFOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS IN THE PROCESS OF COLLECTION ANDFEDERAL RESERVF FLOAT; AND (4) OTHER CHECKABLE DEPOSITS (OCD) CONSISTING OF NEGOTIABLEORDER OF WITHDRAWAL (NOW) AND AUTOMATIC TRANSFER ACCOUNTS (ATS) ACCOUNTS AT DEPOSITORYINSTITUTIONS OTHER THAN CREDIT UNIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMANODEPOSITS AT THRIFT INSTITUTIONS. THE CURRENCY ANO DEMAND DEPOSIT COMPONENTS EXCLUDE THEESTIMATED AMOUNT OF VAULT CASH AND DEMAND DEPOSITS, RESPECTIVELY, HELO BY THRIFT INSTITUTIONSTO SERVICE THEIR OCD LIABILITIES.

2/ INCLUDES OVERNIGHT (AND CONTINUING CONTRACT! RPS ISSUED BY ALL COMMERCIAL BANKS ANO EURODOLLARSISSUED BY CARIBBEAN BRANCHES OF MEMBER BANKS, SAVINGS AND SMALL DENOMINATION TIME DEPOSITS(TIME DEPOSITSINCLUDING RETAIL RPSIN AMOUNTS OF LESS THAN $100,000), AND TIME DEPOSITSBROKER/DEALER MONEY MARKET MUTUAL FUND SHARES. EXCLUDES AM0UN1S HELD BY U.S. COMMERCIAL BANKS,MONEY MARKET FUNDS (GENERAL PURPOSE AND BROKER/DEALER), FOREIGN GOVERNMENTS ANO COMMERCIAL BANKS,AND THE U.S. GOVERNMENT. M2 WILL DIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLESBY A CONSOLIDATION ADJUSTMENT THAT REPRESENTS THE ESTIMATED AMOUNT OF DEMAND DEPOSITS AND VAULTCASH HELD BY THRIFT INSTITUTIONS TO SERVICE TIME AND SAVINGS DEPOSITS.

3/ INCLUDES LARGE DENOMINATION TIME DEPOSITS AND TERM RPS (IN AMOUNTS OF $100,000 OR MORE) ISSUEDBY COMMERCIAL BANKS AND THRIFT INSTITUTIONS, EXCLUDING THOSE HELD BY DEPOSITORY INSTITUTIONS,THE U.S. GOVERNMENT, MONEY MARKET FUNOS, ANO FOREIGN BANKS ANO OFFICIAL INSTITUTIONS. M3 WILLDIFFER FROM THE SUM OF COMPONENTS PRESENTED IN SUBSEQUENT TABLES BY A CONSOLIDATION ADJUSTMENTTHAT REPRESENTS THE ESTIMATED AMOUNT OF OVERNIGHT RPS HELD BY INSTITUTION-ONLY MONEY MARKETMUTUAL FUNOS.

*/ OTHER LIQUID ASSETS INCLUDE THE NONBANK PUBLIC HOLDING OF U.S. SAVINGS BONDS, SHORT-TERMTREASURY SECURITIES, COMMERCIAL PAPER, BANKERS ACCEPTANCES, AND TERM EURODOLLARS HELD BY U.S.RESIDENTS, NET OF MONEY MARKET MUTUAL FUND HOLDINGS OF THESE ASSETS.


H.6 (508)Table 3

COMPONENTS OF MONEY STOCK MEASURES ANDBillions of dollars, seasonally adjusted unless otherwise noted

Date

1981-NOV.DEC.

1982-JAN.FEB.MAR.

APR.MAYJUNE

JULYAUG.SEPT.

OCT.NOV.

WEEK ENDINGS

1982-NOV. 3101724

DEC. 16 P

15 P

Currency1

121.8123.1

123.8124.6125.1

126.3127.4128.4

128.8129.5130.5

131.2131.6

131.3131.5131.5131.8

131.9132.0132.4

Travelerschecks2

4 . 34 . 3

4 . 34 . 34 . 4

4 . 44 . 54 . 5

4 . 44 . 44 . 4

4 . 44 . 4

Demanddeposits3

235.7236.4

239.3234.5233.0

233.0232.7231.0

230.6231.1232.6

236.2238.3

237.4237.1239.8237.6

237.6240.0240.1

Othercheckabledeposits4

74.777.0

81.183.885.8

88.687.087.5

87.490.293.0

96.5100.7

100.1100.4100.1100.3

102.3103.3103.4

LIQUID ASSETS

OvernightRPs5

NSA

30.431.4

35.735.636.7

34.635.836.0

36.437.636.6

39.840.6

41.543.242.341.3

35.442.642.1

OvernightEuro-

dollars6

NSA

6 . 56 . 7

7 . 57 . 36 . 3

5 . 87 . 07 . 0

7 . 06 . 96 . 5

6 . 26 . 6

6 . 45 . 87 . 07 . 2

6 . 36 . 36 . 7

Savings deposits

atcommer-

cialbanks

156.4157.0

158.9159.0160.8

160.7160.5159.9

157.0155.9156.6

159.3164.0

161.5163.5164.4164.4

164.4164.9169.2

atthrift

Institu-tions

184.5186.6

189.9189.6189.9

.189.9190.4189.9

187.1186.1185.9

193.3198.3

total

340.9343.6

348.8346.6350.7

350.5350.9349.9

344.0342.0342.4

352.6362.3

Small denominationtime deposits7

atcommer-

cialbanks

357.4357.3

358.6363.4371.0

379.9366.5391.6

401.1407.9410.9

407.6407.4

407.6407.507.3407.9

407.4406.9405.7

atthrift

institu-tions

499.4497.4

493.74V6.0499.0

501.7507.5509.4

516.7522.7521.7

516.2515.6

total

656.6854.7

652.3859.4869.9

661.6694.1900.9

919.7930.6932.6

923.6923.0

Money marketmutual fund balances*

generalpurpose

and brokerdealer

144.91*1.2

154.9156.1159.*

162.1164.6166.9

171.7160.6162.5

164.1166.6

166.1166.5166.V166.5

186.5165.4162.0

institutiononly

32.0J3.7

34.5iHJ.531.5

31.532.833.7

36.743.14 3 . *

44.645.3

45.%45.344.545.4

45.645 .143.to

1 / CURRENCY OUTSIDE THE U . S . TREASURY, F .R . BANKS AND VAULTS OF COHMERCIAL BANKS. EXCLUDES THE ESTIHATED AMOUNT OF VAULT CASHHELO BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .

7/ OUTSTANDING AMOUNT OF U . S . DOLLAR-DENOMINATED TRAVELERS CHECKS OF NONBANK ISSUERS.3 / OFMANO DEPOSITS AT COMMERCIAL BANKS AND FOREIGN RELATED INSTITUTIONS OTHER THAN THOSE DUE TO DOMESTIC BANKS, IHE U . S . GOVERN-

MENT ANO FOREIGN BANKS AND OFFICIAL INSTITUTIONS LESS CASH ITEMS I N THE PROCESS OF COLLECTION ANO F.R. FLOAT. EXCLUitS THkESTIMATED AMOUNT OF OEMAND DEPOSITS HELD AT COMMERCIAL BANKS BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .

4 / INCLUDES ATS ANO NOW BALANCES AT ALL DEPOSITORY INSTITUTIONS EXCEPT CREDIT UNIONS. CREDIT UNION SHARE OKAFT BALANCES ANUDEMAND OEPOSITS AT THRIFT INSTITUTIONS. OTHER CHECKABLE DEPOSITS SEASONALLY ADJUSTEO EOUALS DEMAND DfePOSlIS PLUS OCUSEASONALLY ADJUSTEO LESS OEMANO DEPOSITS SEASONALLY ADJUSTED.

5 / INCLUDES OVERNIGHT AND CONTINUING CONTRACT RPS ISSUED BY COMMfcRCIAL BANKS TO OTHfcR THAN DEPOSITORY INSTITUTIONS kHC MONbYMARKET MUTUAL FUNDS iGENERAL PURPOSE AND BROKER/DEALER)*

6 / ISSUED BY CARIBBEAN BRANCHES OF U .S . MEMBER BANKS TO U . S . RESIDENTS OTHER THAN DEPOSITORY INSTITUTIONS AND MONtY MARKET MUTUAL7 / SMALL#DENOMINATION TIME DEPOSITS INCLUDING RETAIL RPS ARE THOSE ISSUED IN AMOUNTS OF LESS THAN $ 1 0 0 0 0 0 .8 / NOT SEASONALLY AOJUSTED.


H.6 (508)Table 3-continuedCOMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars, seasonally adi

Date

1981-NOV.DEC.

1982-JAN.FEB.MAR.

APR.MAYJUNE

JULYAUG.SEPT.

OCT.NOV.

WEEK END ING l

1982-NOV. 3101724

DEC. 18 P

15 P

usted unless otherwise notedLarge denomination time deposits1

at commercialbanks2

246.8245.9

247.2251.42 54.5

258.5263.1268.8

276.1279.0277.7

2 77.8271.1

268.2266.0274.2272.2

272.7272.2270.4

at thriftinstitutions

53.754.4

55.556.658.0

58.758.559.5

59.760.661.6

63.465.9

total

300.6300.3

302.6308 .0312.6

317.2321.6328.3

335.8339.6339.3

341.2337.0

Term RP*3at commercial

banksNSA

27.827.1

23.723.822.8

25.223.321.8

19.722.520.9

22.124.0

25.420.622.423.6

29.521.422.3

at thriftinstitutions

NSA

7.88.3

8.88.86.7

9.09.39.5

9.69.69.6

9.29.4

totalNSA

35.635.4

32.532.531.5

34.232.631.2

29.332.130.5

31.333.4

Term 4Eurodollars

NSA

65.566.7

69.973.874.4

78.583.384.8

84.281.5

Savingsbonds

67.767.7

67.867.867.7

67.767.767.tt

67.767.6

Short-termTreasurysecurities^

179.9176.5

180.3186.4191.0

191.7191.9194.8

199.9200.5

Bankersacceptances6

3 8 . 139.7

40.23V.137.9

38.J39.V40.3

*O.b40.2

Commercialpaper?

103.710*.2

105.5106.4110.3

109.7112.1il!>.7

lib.7112.0

1 / LARGE DENOMINATION TIME DEPOSITS ARE THOSE ISSUED IN AMOUNTS OF $ 1 0 0 , 0 0 0 OR NCKEt EXCLU01NG THOSE BOOKfcO Ai INTERNATIONALBANKING FACIL IT IES U B F S ) .

2 / LARGE DENOMINATION TIME DFPOSITS AT COMMERCIAL BANKS LESS LARGE TIME HELD BY MONEY MARKET MUTUAL FUNDS AND THRIFT INSTITUTIONS.3 / TERM RPS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY, EXCLUDING CONTINUING CONTRACTS AND RETAIL KPS.4 / TERM EURODOLLARS ARE THOSE WITH ORIGINAL MATURITY GREATER THAN ONE DAY EXCLUOING THOSE HELD BY DEPOSITORY INSTITUTIONS AND

MONEY MARKET MUTUAL FUNOS.5 / INCLUDES U .S . TREASURY BILLS AND COUPONS WITH REMAINING MATURITY OF LESS THAN 16 MONTHS HELD BY OTHER THAN DEPOSITORY I N S T I -

TUTIONS* F*R. BANKS* AND MONEY MARKET MUTUAL FUNDS.6 / NET OF BANKERS ACCEPTANCES HELD BY ACCEPTING RANKS* F .R . BANKS* FOREIGN OFFICIAL INSTITUTIONS* THfc FEDERAL HUMt LLAN bANA

SYSTEM* AND HONEY MARKET MUTUAL FUNDS.7 / TOTAL COMMERCIAL PAPER LESS COMMERCIAL PAPER HELD BY MONEY MARKET MUTUAL FUNDS.


H.6 (506)Table 3ACOMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBHHons of dollars, not seasonally adjusted

Date

1981-NOV.DEC.

1982-JAN.FEB.MAR.

A R .MAYJUNE

JULYAUG.SEPT.

OCT.NOV.

WEEK END ING t

1982-NOV. 3101724

DEC. 18 P

15 P

Currency1

122.9125.4

123.3123.0123.8

125.6127.2128.3129.8130.0130.2

131.2132.7

131.0133.5132.7132.7

132.5134.0134.8

Travelerschecks2

4 . 14 . 1

4 . 14 . 14 . 2

4 . 24 . 34 . 7

4 . 94 . 94 . 7

4 . 54 . 2

Demand deposits

at memberbanks3

152.4156.8157.7147.3147.5

152.7147.7149.2151.0150.1152.4

155.7158.0

157.9157.4159.6154.9

159.3161.5163.2

at domesticnonmember

banks4

81.482.782.477.677.2

79.977.277.9

77.276.076.8

78.179.0

78.779.780.577.4

77.880.780.8

at foreign-relatedbankingoffices

In the U.S.*

4 . 04 . 1

3 . 93 . 93 . 8

3 . 93 . 83.73 . 73 . 63 .7

3 . 73 . 7

4 . 13 . 73 . 83 . 4

3 . 63 .73 . 6

total6

237.5243.3

243.6228.5228.2

236.122* .3230.4

231.5229.3232.5

237.1240.1

240.2240.2243.4235.3

240.2245.3247.1

Other checkable deposit*

atcommercial

banks7

60.663.4

66.965.867.4

71.467.969.2

69.370.773.4

76.179.2

77.479.879.678.779.182.682.4

at thriftinstitutions b

14.615.1

15.615.616.4

18.117.518.0

18.519.119.9

21.222*3

21.922.622.321.9

22.323.723.3

total

75.278.4

B2.S81.b63.8

89.585.487.2

87.989.893.2

97.3101.5

99.3102.3101.9100.71C1.41O6.2105.7

OvernightR P s 9

30..636.7

34.635.836.0

36.437.636.8

39.840.b

41*543.242.341.3

35.442.642.1

OvernightEurodollars ^

6.i>t . /

7 .5

6 . 3

i>.a7 . 07 . 0

7 . 06 . 96 . 5

6 . 26 . 6

6 . 45 . 87 . 07.2

6 . 36 . 36 . 7

1 / CURRENCY OUTSIDE THE U . S . TREASURY* F .R . BANKS ANO THE VAULTS OF COMMERCIAL BANKS. CXCLUOES THE ESTIMATED AMOUNT Of- VAUL1CASH HELO BY THRIFT INSTITUTIONS TO SERVICE THEIR OCD L I A B I L I T I E S .

2 / OUTSTANDING AMOUNT OF U . . " . DOLLAR -DENOMINATED TRAVELERS CHECKS OF N ON BANK ISSUERS.3 / DEMANO DEPOSITS OTHER THAN THOSE DUE TO DOMESTIC BANKS* THE U .S . GOVERNMENT AND FOREIGN B#rt'S AND OFFICIAL I N S I 1 T U I i U N i LfciS

CASH ITEMS IN THE PROCESS OF COLLECTION AND F . R . FLOAT AT MEMBER BANKS OF THE FEDERAL RESERVE SYSTEM.4 / DEMAND DEPOSITS OTHER 1MAN THOSE DUE TO DOMESTIC BANKS* THE U .S . GOVERNMENT AND FORcIGN BANKS AND OFt iCI f tL INSTITUTIONS Lf^S

CASH ITEMS IN THE PROCESS OF COLLECTION AT NONMEMBER BANKS.5 / 0EPOS1TS AS DESCRIBED IN FOOTNOTE 4 AT AGENCIES AND BRANCHES OF FOREIGN BANKS* EOGE ACT CORPORATIONS *NJ FORfclGN INVtMHENl

COMPANIES.6 / EQUALS SUM OF THREE PREVIOUS COMPONENTS LESS Thf ESTIMATED AMOUNT OF DEMAND DEPOSITS HELD AT COMMERCIAL bA,^J> BY THfclFl

INSTITUTIONS TO SERVICE THEIR OCO L I A B I L I T I E S .7 / NOW AND ATS BALANCES AT COMMERCIAL BANKS* BRANCHES AND AGENCIES OF FOREIGN BANKS* ANO EDGE ACf CGRPORAllUNS.8 / NOW AND ATS BALANCES AT SAVINGS ANO LOAN ASSOCIATIONS AND MUTUAL SAVINGS BANKS* CREDIT UNIUN SHA' UK4FT BALANCES, * *C

OEMANO DEPOSITS AT THRIFTS.9 / 1NCLU0ES OVERNIGHT ANO CONTINUING CONTRACT RPS ISSUED BY COMMERCIAL BANKS TO OTHER THAN DEPOSITOR* I N S T I T U T I O N AM) MONEY

MARKET MUTUAL FUNDS (GENERAL PURPOSE AND BR3Kf* 'DEALER).1 0 / ISSUED BY CARIBBEAN BRANCHES OF MEMAER BANKS TC U .S . RESIDENTS OTHER THAN DEPOSITORY INSTITUTION*; AND MONEY HAKKFT MolUAL

FUNDS (GENERAL PURPOSE AND BROKER/DEALER).


H.6 (508)Table 3A-continuedCOMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETSBillions of dollars, not seasonally

Date

1981-NOV.DEC.

1982 -JAN.FEB.MAR.

APR.MAYJUNE

JULYAUG.SEPT.

OCT.NOV.

MEEK ENDINGS

1982-NOV.

DEC.

3101724

18 P

15 P

1 / SMALL DENOM1NATIC

i adjustedat commercial

banks

156.9157.2

158.6157.5158.4

159.5159.0158.8

158.5157.9158.1

161.3164.5

162.4164.2164.9164.8

164.9166.0170.0

N TIME DEP(

at savingsand loans

95.395.4

96.795.995.9

96.195.895.8

95.995.295.6

98.599.8

SITS INI

Savings depositsat mutual

savings banks

47.247.5

47.947.347.2

47.146.846.9

46.946.646.8

47.748.3

atcredit unions

LUDING RETAIL

42.742.8

43.543.844.7

45.345.846.4

46.946.446.9

49.451.1

total

342.2343.0

346.8344.5346.1

348.1347.4347.9

348.3346.1347.4

357.0363.7

RPS ARE THOSE 1

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