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FEDERAL
statistical

RESERVE

release

•*<&&&*•

H.6

For immediate release
April 13, 196(7

The seasonally adjusted money supply in the first week of April declined
$300 million on average from the record level of the preceding week to $173.4 billion.
Time deposits adjusted continued to expand rapidly in early April at a somewhat
slower rate than earlier this year.

MONEY SUPPLY AMD TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

Money Supply
Period

Total

1966—March
April
June
July
August
- September
!October
November
December
I
1967—January
February
March p
Week ending:
1967—Mar.
8
15
22
29
Apr.

5 p

169.
170
T70.
171,
169,
169,
170.
169.
169,
170,

Currency
component

Demand d e p o s i t
component

Time deposits
adjusted
(All commercial
banks) i

36
37
37
37.
37,
37.8
37.9
38
38
38

132.3
133.7
132.9
133.7
131.9
131.8
132.6
131.7
131.2
132.1

149,
151,
153.0
153.7*
155,
156.
157,
156.
156.
158

169 .'6
170.4
172.9

38.5
38.7
39.0

131.1
131.7
133.9

160.5
163.2
165.3

172
173,
172.
173.

38,
39,
39,
39,

133.0
134.1
133.7
134.6

164.4
165.2
165.5
166.0

173.4

38.9

134.5

166.4

165.8
134.2
39.0
Average of last 4 weeks
173.2
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 description see footnote cm reverse side.
p - Preliminary.




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars. Not seasonally adjusted.)

Money Supply

Related d e p o s i t s
( A l l commerical banks)

Currency 1 Demand d e p o s i t
component
component
36.6
131.3
36.8
134.8
37.0
129.9
37.3
iii.5
37.8
130.1
37.9
129.1
37.9
131.5
38.1
!
132.1
'
1
32.5
38.5
136 .2
39.1

Time
' j U . S . Gov't
adjusted
demand
4.6
150.2
152.2
3.1
7
.2
153.9
154.1*
6.3
8.2
155.8
157.0
5.2
4.4
156.9
156.6
]
4.8
155.6
!
3.7
156.3
j
3.5

Period
, Total
1966—March
April
May
June
July
August
September
October
November
December

167.8
171.6
166.9
168.8
167.9
166.9
169.4
170.1
171.0
175.2

1967—January
February
March p

174.6"
170.0

i

Week ending:
1967—Mar.
8
15
22 p
29 p
Apr.

51 p

171.4

1

38.4
38.3
38.6

|

136.2
131.7
132.8

160.0
163.3
166.1

\

170.0
171.7
173.0
170.€ *
172 .4

j

38.7
38.6
38.6
38.4
38.5

j

134.4
132.4

165.0
166 ; 0 5
166.3
167.0'

^33.9.

167.5

l^f.i
133:1
I

I

4.2
5.1
4.9

-4.2 „
3.L
?
5.3
6.9 »
4.9

Effective June 9, 1966, balances accumulated for payment of personal loans were
reclassified for reserve purposes and are excluded from time ^deposits reported by
joember banks. The estimated amount of such deposits at all commercial banks ($1,140
million) is excluded from time deposits adjusted thereafter.
p - Preliminary.
NOTE:, Mon^y supply consists of (1) demand deposits at all commerical 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
commerical banks other than those due to domestic commercial banks and the U.S.
Government.