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Fox immediate release *
January 26, 1967
_ 3 ? e s e a 8 o n a p y adjusted money supply increased $200 million in the week
ending Ta^uiary ~TS, and average money supply in the first three weelts of January was unchanged from the December level. Time deposits adjusted continued to increase rapidly
in the latest week, and thus far in January these deposits have averaged about $1.6
billion higher than in the month of December.

MONEY SUPPLY AND TIME DEPOSITS *;
Averages of daily figures, in billions of;dollars
Seasonally adjusted

Money Supply
Period

1

Currency
component

Total

Demand deposit
component

1965 —December

167.2

36.3

130.9

1966—January
February
March
Apri 1

168.0
168.2
169.3
170.9
170.2.
171.1
169.6
169.6
170.5
169.6
169.2
170.4

36.6
36.8
36.9
37.2
37.3
37.4
37.7
37.8
37.9
37.9
38.0
38.3

131.4
131.4
132.3
133.7
132.9
133l7
132.0
131.8
132.6
131.7
131.L
132.1

28 p

169.1
171.9
170.2

38.2
38.2
38.4

130*79
133.7
131.8

4 p
11 P
18 p

i

170.7
170.1
170.3

38.4
38.5
38.5

132.2
131-6
131.8

Average of last 4 weeks

170.3

38.5

May
June
July
Augu St
September
October
November
December p

j
!

Week ending:
1966—Dec. 14

21
1967—Jan.

|

1
I

1

131.8

1 Time deposits
adjusted
(All commercial
banks)
146.9
!

!
1

1
!

147.8
148.5
149.5
151.4
153.0
153.7*
155.3
156.6
157.1
156.8
156 9
158 0

157 5
158.1
158.8
159.2
159.6
160.1

|

159.4

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




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

|
Related d e p o s i t s
1 (All commercial banks)
{Demand d e p o s i t 1
Time """ J U.S. Gov't
1 component
I adjusted I
demand

Money Supply

Period

J Currency
I component

Total
1965--December

172.0

37.1

1966--January
February
March
April
May
June
July
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 ,!
175.3 ;

36.5
36.4
36.6
36.8
37.0
37.3
37.8
37.9
37.9
38.0
38.5
39.1

|
I
!
;

1

1
|

^

134..9
136.5
131.4
,131.3
134.8
129.9
131.5
130.1
129.1
131.5
132.-1
132.5
136.2

1

Week ending:
1966--Dec. 14
* 21
28 p
1967--Jan.

Not seasonally adjusted.)k

4 p
11 p
18 p

174 1 i
178.2
175.1

39.1
39.3

39.1

1

177 9
176.2
175.7

38.9
38.9
38.5

[
i
\

'

i

145.2

4.6

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

3.8
5.2
4.6
3.1
7.2
6.3
8.2
5.2
4.5
4.8

1 3.7
[

3.5

;

135.0
139.1
135.7

155.9
156,0
156.9

'139.0
137:3
137.3

157.9
158.8
159.7

!
]

2.2
2.3
5.3
5.1
4.5
2.8

i

.

L

I

1

* - Effective June 9, 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
million) 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 arad the U.S. Government, less cash items in
process of collection and Federal Reserve fl«oat; (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.
DigitizedGovernment
for FRASER