Full text of H.6 Money Stock Measures : April 6, 1967
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FEDERAL statistical RESERVE release a t JtT H.6 For Immediate r e l e a s e A p r i l 6 ? 1967 The s e a s o n a l l y a d j u s t e d money s u p p l y i n c r e a s e d s h a r p l y t h r o u g h o u t March t o a new h i g h , a v e r a g i n g $172 8 b i l l i o n f o r t h e month. Time d e p o s i t s a d j u s t e d c o n t i n u e d t o expand r a p i d l y a l t h o u g h t h e a n n u a l r a t e of growth in t h e s e d e p o s i t s slowed to a b o u t 15 p e r c e n t i n ?*±arch from 20 p e r c e n t in t h e p r e c e d i n g two months. MONEY SUPPLY AM) TIME DEPOSITS ( A v e r a g e s of d a i l y f i g u r e s , i n b i l l i o n s of Seasonally adjusted ' " Period Total 1966—March April May June July August September October Njovember December 169.3 170.9 170.2 171-1 16 9'. 6 169*6 170.5 169.6 169.2 170.3 ! j 1 I 1 1967—jjanuary February March p Week eroding; 1967—Fjeb. 22 Mar. 1 8 15 22 29 | p p p p Average of l a s t 4 weeks NOTE: Components may n o t s e a s o n a l a d j u s t m e n t s and * - Break i n s e r i e s , for p - Preliminary. 1 M dollars) " — . . '• • - . • . — • — . . . . . Money S u p p l y Currency j Demand d e p o s i t component component Time d e p o s i t s adjusted | ( A l l comraerc i a l banks) 1 37.7 ! 1 : ; 37.8 37.9 38.0 38.0 38.3 132.3 133.7 132.9 133.7 131.9 "131.8 132.6 131.7 131.2 132.1 169.6 170.4 172.8 38.5 38.7 39.0 131.1 131.7 133.9 171.8 38.8 133.1 171.0 171.9 173.0 172.7 38.7 38.9 39.0 39.0 39.1 132.3 133.0 134.0 1 133.7 1 173.7 36.9 37.2 37.3 37.4 ! 134.6 1 j 149.5 151.4 153.0 153.7* 155.3 156.6 157.1 156.8 156.8 158.0 160.5 163.2 165.3 163.6 163.8 164.5 165.. 1 165.5 166.0 165.3 133.8 1 39.0 172.8 add due t o r o u n d i n g . See r e v e r s e s i d e f o r d a t a w i t h o u t f o r d e s c r i p t i o n of s e r i e s . ' d e s c r i p t i o n s e e f o o t n o t e on r e v e r s e s i d e . j DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS (Averages of daily figures, in billions of dollars. Not seasonally adjusted.) | R e l a t e d deposits CA11 commercial banks) 1 Demand d e p o s i t / Time j U . S . Gov't component adjusted demand Money Supply Period ( Currency component Total 1966--March April May June July August September October November December 171.0 175.2 36.6 36.8 37.0 37.3 37.8 37.9 37.9 38.1 38.5 39.1 131.3 134.8 129.9 131.5 130.1 129.1 131.5 132.1 132.5 136 .2 150.2 152.2 153.9 154.1* 155.8 157.0 156.9 156.6 155.6 156.3 1967--January February March p' 174.6 170.0 171.4 38.4 38.3 38.6 136.2 131^.7 132.8 160.0 163.3 166.1 4.2 5;1 4.!9 Week e n d i n g : 1967—Feb. 22 168.8 38.3 130.5. 163.8 5.0, 168.7 170.0 171.6 173.0 170.8 38.1 38.7 38.6 38.6 38.4 130.6 131.3 133.0 134.4 132.4 164 ll Mar. 1 8 15 22 29 j 167.8 171.6 166.9 168.8 167.9 166.9 169.4 170.1 p P p p | 1 ! 1 j ! ! 165:i 166 JO 166.3 i 167.0 1 4.6 3.1 7.2 6.3 8.2 5.2 4.4 4.8 3.7 3.5 5.3 4.3 3 . 1 '• 5':3', 6J9 I i i ! i * - Effective June 9- 1966, balances accumulated for payment of personal loans were reclassified for r^gferve purposes and are excludedLJ:;rom 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 and the 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.