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FEDERAL
statistical
S

RESERVE

release

i

*AL&& ~

H

6

For immediate release
August 18, 1966

The seasonally adjusted money supply declined further tn the week ending
August 10, and %Jthe-^fewo'weeks ending August 10, the average level was about $900
million below the July level. Time deposits adjusted continued to expand at a
somewhat slower rate than in July, but at a faster rate than In May and June.
MONEY SUPPLY AND TIME DEPOSITS
Averages of daily figures, in billions of dollars
Seasonally adjusted

I
P
eriod
JL C-JU X . U U

Total

.

i- •

'

r

162.7
164.3
165.6
165.7
167.4

168.4
168.0
169.2
171.1
169.5
171.1
169.6

36.7
36.8
36.9
37.1
37.3
37 . y
37.6

131.8
131.2
132.3
134.0
132.2
133.8
132 .0

20
27 p

171.2
169.61
169.7
168.7

37.4
37.6
37.7
37.7

133.8
132.1
132.1
131.0

153.9*
154.6*
155.1*
155.5*

3 p
w^0 p

169.2
168.1

37.7
37.6

131.5
130.5

155.8*
156.2

1625

1

1966—rJanuary
t February
March
April
May
June
July p

1|
j

Week ending:
1966—July 6

Average of l a s t weeks

1

16 JL 9

1

1

37.7

L

1

Demand d e p o s i t
component
127.3
127.3
128.7
129.7
129.6
131.2

BQJUBLCQ

Currency
component
35l
35.4
35.6
35.9
36.1
36.3

1965—July
August
September
October
November
December

Aug.

1 Time deposits

'Money Supply
j

131.3

(All commercial
banks)
137.6
140.1
141.6
143.6
145.5
147.0

|

1

148.0
148.8
149.6
151.6
152.9
153.3*
154.9*

155.1*

* Effective June 9, balances accumulated for payment of personal loans were reclassified
for reserve purposes and are excluded from time deposits reported by member banks* The
estimated amount of such deposits at all commercial banks ($1,140 million) is excluded
from time deposits adjusted thereafter.
NOTE: Components may not add due to rounding* See reverse side for data without
seasonal adjustment and for] description of series *
p - Preliminary*




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
{Averages of daily figures, In billions of dollars.

Total
160.9
160.5 :
163.2 j
1 6 5 . 8 i.
167.4 :
172.0 l

Currency
component

Demand d e p o s i t
component
125.6
125.0
127.5
129.8
130.9
•135.0
1

SitZ

1965—July
August
September
October
November
December
i
1966—January
February
March
April
ikay
June
July p

173.0
-167.8
167.8
171.6
166.9
168.8
168.0

36.5
36.3
36.5
36.8
37.0
37.3
37.8

Week e n d i n g :
1966—June 1
8
15
22
29

ibi.o !
167.7
169.8 |
171.0
166.7

37.0
37.4
37.4
37.4

37.1

1

6
13 •
20
27 p

168.6
167. r \
1 6 8 . 4 ',
166.9^V

37.9
38.0
37 8
*
37.5

!
|
I

3 p
10 p

168.5
'37.6
167.1 A
38.1

Aug.

Related d e p o s i t s
( A l l commercial b a n k s )
:
1 U.S. G o v ' t
Time
adjusted
demand
138.3
140.2
7.4
141.4
5.6
5.0
143.5
144.4
4.0
145.3
4.5

Money Supply

Period

July

Not seasonally adjusted.)

1
j
!

35.5
35.6
36.0
36.5
37.0

136.5
131.5
131.3
134.8
129.9
131.-5
130.2

|

128.6
130.2
132.4
133.7
129.6
130.8
129.9
130.6
129.3
130.9
129.0

__p

147.4
148.7
150.2
152-2
153.9
154.1*
155.7*

;
i
j

!
i
j
l

I

154.6
154.7
153.7*
153.5*
154.1*
154.8*
155.4*
155.9*
156.2*
156.2%
156.5*

3.7
5.1
4.6
3.0 '
7.2
6.2
8.1

!

7.2
3.7

1

3.2

1!
!

1

5.2
9.9
10.8
9.0
6.8
7.2
6.0
5.9

*Effec|tIve June 9, balances accumulated for payment of personal loans were reclassified
for reserve purposes and are excluded from time deposits reported by member banks.
the estimated amount of such deposits at all commercial banks ($1,140 million) is exeluded from time deposits adjusted thereafter,
p - Preliminary.
NOTE: j Money supply consists of (1) demand deposits at all commercial {banks, other
than those due to domestic commercial banks and the U.S. Government, less cash items
in procesi of collection and Federal Reserve float; (2) foreign demand balances at
Federal Reserve Banks; and (3) currency outside the Treasury, the Federal Reserve and
the vaults of all commercial banks. Time deposits adjusted are time deposits at all
commercial banks other than those due to domestic commercial banks and the U.S.
Government.