Straits of Florida sea level is studied as a measure of Florida Current volume transport because sea level provides an independent time series both (1) for detecting changes in the calibration of the Florida-Bahamas submarine cable which has been operating since 1982, and (2) as a measure of the strength of the Gulf Stream System dating to the 1930s when cable measurements were not available. Accordingly, tide gauge records from Haulover Beach (Miami) and Lake Worth, Florida, and from Cat Cay and Settlement Point, The Bahamas, together with Miami weather and cable voltage, are correlated with each other and with discrete volume transport estimated from all Pegasus data taken during the intensive 1982--1984 Subtropical Atlantic Climate Studies (STACS) observations. Time domain linear correlation coefficients between these 132 Pegasus values and cable voltage observations, Cat Cay minus Haulover Beach sea level, and Haulover Beach sea level only, are 0.91, 0.55, and -0.76, respectively, but for the 1982--1988 time series, Cat Cay minus Haulover Beach is better correlated with cable observations (0.62) than is Haulover Beach alone (-0.44). Frequency domain modeling computations reveal that the sea level and cable data are organized in such a way that most of their energy lies below frequencies of 30-1 cycles per day (cpd). In a subseasonal band (up to and including the semiannual frequency) 49% of the cable energy and 59% of the Haulover Beach energy can be accounted for using 30-day low-passed data. A subseasonal frequency response function has been tentatively identified that relates both Florida sea level and Bahamas-Florida sea level difference to cable observations and can successfully account for more than 60% of the observed cable variance (standard error is ¿1¿106 m3 s-1). Further, negative Florida sea level only and Bahamas-Florida sea level difference have different phase relationships with cable observations; it is suggested that steric effects could be responsible for the phase shifts.