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.OtGOVi

FEDERAL
sto f i s t t c a l

RESERVE
release

<fc<ULR6SS

H.6

F*>r immediate release
August 20, 1970

In the first two weeks of August, the seasonally adjusted money supply
has averaged $1*1 billxon higher than the preceding month
Total time and savings
d<eposit<s <~ontxnued to increase in the latest week, with the average level for the
week ending August 5 estimated about $3 9 billion above the revised July level

MJNEY SUPPLY AKD TIME DEPOSITS
(Averages of daily figures, in billions ot dollars)
Seasonally adjusted

Money Supply
Period

1969—July
August
September
October
November
December

199 3
199.0
199 0
199 1
199 3
199.6

1970--January
February
March
April
May
June
July p

201.1
199.3
201.5
203 3
203.9
203.6
204 3

Week ending
1970—July 1
8
15
22
29

204 5
205 6
204.3
202 8
204 3

Aug.

5 p
i? p

Average of l a s t 4 weeks :

p - Preliminary
r - Revised




Currency
component

Total

j
1

i

;

204 5
206 1
204 4

'•

Demand d e p o s i t
component

Time d e p o s i t s
adjusted
(All commercial
banks)

45 0
45.3
45 2
45 6
45.9
45.9

154
153
153
153
153
153

4
8
7
6
4
7

197
194
194
193
193
194

7
5
1
5
4
1

46
46
46
47
47
47
48

1
4
7
0
6
8
1

155
153
154
156
156
155
156

0
0
8
2
2
9
2

192
192
194
197
199
201
r 207

1
0
3
9
6
0
0

47
48
48
48
48

8
1
0
1
0

156
157
156
154
r 156

6
5
2
8
2

202
204
206
207
209

3
5
0
6
1

48 0
48 2

156 4
157 9

210 2
210 9

48 1

156 3

209 5

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

Not seasonally adjusted )

Money Supply
Period

45T2

1969--July
August
September
October
November
December

197.8
195 9
197 6
199.3
201.0
206.0

45
45
45
46
46

1970—January
February
March
April
May
June
July p

207.1
197.8
199 7
204 2
199 9
201 7
202 8

46 1
45 9
46 3
46 6
47.3
47 7
48 3

Week ending
1970—J u l y 1
8
15
22
29
Aug

5 p
12 p

202
204
203
200
r 201

Demand d e p o s i t
component

Currency
component

Total

4
4
8
8
6

203 4
203 5

47.5
48.9
48 4
48.2
47 7
.
j

152
150
152
153
154
159

4
2
6
4
9

48 3
48 6

7
5
4
7
7
1

191 7
192.0
194.9
198.3
200.0
201.2
207 0

4 7
7.1
6 1
5 3
6 4
6.5
6.8

9
5
5
6
9

202 5
204 5
206.0
207 6
209 1

8 0
7.0
6.0
6 3
7 8

155 2
154 9

210 8
211.9

7 0
5 9

161 1
151.9
153.4
157.6
152.6
154 0
154.5

j

Related deposits
( A l l commercial banks)
USGov't
Time
adjusted
demand
___
197 7
!
4 3
195 5
194 3
!
5 3
193.7
4.2
192 6
5 1
5 5
192 4

154
155
155
152
r 153

]
j
j
j
1 r

p - Preliminary
r - Revised
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