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For

H. 6

l™aediatel release
January 19, 1967.

The-seasonally adjusted money supply declined about $600 million in the week
ending January 11, to a level of $170.1 billion- Time deposits adjusted continued
to increase rapidly in the latest week to a level $1.6 billion above the December
average.

MONEY SUPPLY AND TIME DEPOSITS
Averages of daily figures, in billions of dollars
Seasonally adjusted
1
Period

1

1966—January
February
March
April
May
June
July
August
September
October
November
December p

Dec.

167.2"^

36.3

168.0
168.2
169.3
170.9
170.2
171.1
169.6
169.6
170.5
169.6
169.2
170.2

36.6
36.8
36.9
37.2
37.3
37.4
37.7
37.8

1 Time deposits
adjusted
(All commercia'
banks)

Demand deposit
component
[

130.9

|

146.9

37.9
38.0
38.2

131.4
131.4
132.3
133.7
132.9
133.7
132.0
131.8
132.6
131.7
131.1
132.0

147.8
148.5
149.5
151.4
153.0
153.7**
155.3
156.6
157.1
156.8
156.9
158.0

169.3

38.1

131.2

156.8

169.7
169,0
171.8
170.2

38.1
38.2
38.3
38.4

131.7
130.8
133.5
131.8

157.0
157.5
158.0
158.8

170.7
170.1

38.4
38.5

132 2
131 6

159.2
159.6

1

37.9

1

i

7
14 p
21 P
28 p

1967—Jan.

Currency
component

Total

1965—December

Week ending:
1966—Nov. 30

Money Supply

4 p
11 p
iverage of l a s t 4 weeks 1

170.7

1

38.4

1

n? ^

I

tffitJ

NOTE: Components may not add due to rounding. See reverse pide for data without
seasonal adjustments and for description of series,
* Break in series, for description see footnote on reverse side.
p - Preliminary.



DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars.

1 Related d e p o s i t s
( A l l commercial banks)
| Demand d e p o s i t
Time
"""1 U . S . G o v ' t .
component
adjusted
demand

Money Supply
Period

Currency
component

Total

Not seasonally adjusted.)

1965—December

172.0

37.1

134.9

1966--January
February
March
April
May
June
July
I
!
August
,
September
October
;
November
December p

173.0
167.8
167.8
171.6
166.9
168.8
167.9
166.9
169.5
170.1
171.0
175.1

36.5
36.4
36.6
36.8
37.0
37:3
37.8
37.9
37.9
38.0
38.5
39.0

136.5
131.4
131.3
134.8
129.9
131.5
130.1
129.1
131.5
132.1
132.5
136.1

Week e n d i n g :
1966—Nov. 30

170.6

38.6

132.1

172 .7
173.9 1
178.1
175.1

38.9
39.1
39.1
39.3

133.8

1

134.9
138.9
135.7

1

177.9
1?5 2

38.9
38.9

Dec.

1967—Jan.

7
14 p
21 p
28 p
4 p
11 P

1

I

i
I

|i
|

j
!

139.0
137.3

_ _

145.2
!
j

|

|

147.3
148.7
150.2
152.2
153.9
154.1*
155.8
157.0
156.9
156.6
155.6
156.3

j

|

3.8
5.2
4.6
3.1
7.2
6.3
8.2
5.2
4.5
4.8
3.7
3.5

. 155.4

3.6

155.6
155.9
155.9
156.9

3.5

157.9
158.8

1:1
5.3

\
1

5.1
4.5

* i- Effective June £, 1966, 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
mi^llion) is excluded from time deposits adjusted thereafter.
p !~ Preliminary,
NOTE: Money supply consists of (1) demand deposits at all commercial banks, other
than those due to domestic commercial banks and She U.S. Government., less cash items
in process 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.