The other checkable deposits component of M1 consists of negotiable order of withdrawal (NOW) accounts and automated transfer service (ATS) balances at banks, thrifts, and foreign related institutions, credit union share draft balances, and demand deposits at thrifts. These items are reported on the FR 2900 and, for institutions that do not file the FR 2900, are estimated using data reported on the Call Reports.
Release: H.6 Money Stock Measures
Board of Governors of the Federal Reserve System (US), Other Checkable Deposits [OCDNS], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/OCDNS, May 1, 2016.
FRED BlogComponents of M2