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FEDERAL
statistical

RESERVE

release

'3SSSS*
H*jj6

[For immediate release
January 11, 1968;

The seasonally adjusted money supply has increased sharply in
ending January 3, following^eQlfnes 'earlier in December. The currency
declined in the latest week after increasing at an unusually rapid rate
Total time and savings deposits declined for the third consecutive week
a peak in mid-December-. ~~

the two weeks
component
in December.
since reaching

MONEY SUPPLY AND TIME DEPOSITS
(Averages of dailyr figures, in billions of dollars)
Seasonally adjusted

Money Supply

'

Time d e p o s i t s

Currency
component

Period
Total

1

Demand d e p o s i t [
component

adjusted
(All commercial
banks )

1966—Decetriber

170.4

38.3

132.1

158.6

1967—January
February
March
April
May
June
July
August
Septetnber
October
November
Decetaber p

!
!
I

170.3
171.5
173.1
172.7

I

174.5

38.5
38.7
38.9
39.1
39.2
39.3
39.5
39.6
39.8
39.9
40.0
40.4

131.8
132.8
134.2
133.6
135.3
136.8
138.4
139.6
139.5
140.3
141.3
141.1

160.8
163-5
166.1
' 168.1
170.0
172.4
174.6
177.2
178.9
180.8
182.5
183.8

1

176.2
177.9
179.1
179.2
r 180.3
181.3
181.5

|
i

s

\fegk e n d i n g :
1967—Dec. 6
13 P
20 p
27 p

181.5
180.9
180.7
182.0

40.1
40.3
40.3
40.5

14,1.4
140.6
140.4
141.5

183:8
184.1
183.9
183.6

1968—Jan.

183.0

40.4

142 .6

183.3

3 p

I

40.4
j
141.3
183.7
181.7
Average of l a s t 4 week* 1
i
,
NOTE; Components may not add due to rounding. See reverse side for data without
seasonal adjustments and for description of series,
p - Preliminary,

M M ^ M P A H « M M H « ^ « « < M M H M M M M M ^

r - Revised




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of d a i l y f i g u r e s ,

in b i l l i o n s of d o l l a r s .

Not s e a s o n a l l y

|

Money Supply
Period
1 9 6 6 — December

| 175.8

1967--January
February
March
April
May
June
July
August
September
October
November
December p

j 175.3
170.6
! 171.9
j 173.6
171.1
174.3
175.8
175.9
178.4
180.6
182.6
187.2

g e e k ending:
1967—Dec. 6
13 p
^20 p
27 ps

185.0
185.4
187.8
188.0

1968—Jan.

191.7

3 p

1

Total

Currency | Demand d e p o s i t j
component
component
39JL
136.8
132 . 3
133 . 4
134.9
132 .2
135.1
136.. 2

38.5
38.3
38.5
38.7

3®J3
39.6
39.6
39.8
40.0
40.441.2

i
!

1
I

Related d e p o s i t s
( A l l commercial b a n k s )
Time
1 U.S. Gov't
adjusted
I
demand
156.9
I
TA
160.7
164.0
166.7
168.8

1
1

136.2

138.6
140.6
142.1
146.0

adjusted.)

j
|

170.8
173,0
175.1
177.7
178.9
180.3
181.1
181.£

|

4.1
5.0
4.9
4.8
6.5
3.9
5.6
4.3
5.0
6.2
5.2
5.0

40.9
41.2
41.2
41.6

144.1
144.2
146.7
146.4

18K6
131.9
181.5
181.8

4.8
3J2
4.7
6.9

40.9

150.8

182.3'

5.5

p - Preliminary*
NOTE: Money supply c o n s i s t s of (1) demand d e p o s i t s at a l l coranercial banks, other
than those due to'domestic commercial banks and t h e U.S.* Government, l e s s cash items
in process of c o l l e c t i o n and Federal Reserve f l o a t ; (2) f o r e i g n demand balances a t
Federal Reserve Banks; and (3) currency o u t s i d e the Treasury, the Federal Reserve and
the vaults of a i l commercial banks. Time d e p o s i t s adjusted are time d e p o s i t s at a l l
commercial banks other than those due t o domestic commercial banks and the U.S.
Government