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FEDERAL

RESERVE

statistical

release

«4LRES^

H»6

For immediate release
December 17, 1970

The s e a s o n a l l y adjusted money supply has averaged $214 3 b i l l i o n thus far
in Deeember, or about $600 m i l l i o n higher than the revised average level for the
month of November
Total time and savings deposits increased further in the latest
week t o a l e v e l of $228 8 b i l l i o n , which was $3 8 b i l l i o n above the November average
MONEY SUPPLY AND TIME DEPOSITS
(Averages of d a i l y f i g u r e s , in billions^ of d o l l a r s )
Seasonally adjusted
Money Supply
Period

45.9
46.0

157 6
157 7

205.2
!
204.5
206.6
208 3
20* 2
209.6
210 6
211.8
212.8
213.0
r 213.7

46.2
46.4
«6.7
47.1
47.7
47.8
48.1
48.2
4S.2
48.5
48.6

159.0
158.1
159 8
161 2
161.6
161.9
162 5
163 7
164 6
164.5
165 1

Week ending1970—Nov
4
11
18
25
Dec

2 p
9 p

Average of l a s t 4 week* i
r - Revised




Demand deposit
component

203.5
203.6

1969—November
December
1970—January
February
March
April
May
June
July
August
September
October
November p

Currency
component

Total

i\
|
!

1

164
r 164
165
r 165

1
4
2
0

Time deposits
adjusted
(All commercial
banks)
194 0
194.6
193
193
195
198
200
202
208
213
218
222
225

3
5
3
5
3
2
2
2
5
2
0

4
8
9
0
1
8

212 7
r 213 1
213.9
r 213 7

48*6
48.6
48.7
48.6

214 5
214 2

48 6
48 9

165 9
165 3

223
223
224
226
227
228

214 1

48 7

165 4

226 7

r

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

Not seasonally adjusted )

Money Supply
Period

|

Total
205 3
209 8

1969—November
December
1970—January
February
March
April
May
June
July
August
September
October
November p

Week ending
1970—Nov

4
11
18
25

Dec

2 p
9 P

1

211
202
204
209
i 265
207
209
208
211
213
r 215

4
8
7
3
3
8
0
7
4
0
5

215
r* 214
216
r 214

3
8
3
0

r

217.3
218 3

;

!

Currency 1 Demand d e p o s i t
component
component

Related deposits
( A l l commercial b a r ^ c
Time
U S- G-v *adjusted
demand

46 4
46 9

158 9
162.9

193.4
193 2

5 2
5 6

46
45
46
46
47
47
48
48
48
48
49

1
9
3
6
3
7
3
3
2
5
1

165 4
156.8
158.4
162.6
158 0
160.1
160 7
160 4
163 1
164 5
166 4

192 7
193.0
195 9
199 3
201 1
202 3
208 1
214 0
2i8 4
222 5
22<f 6

4 8
7,1
6 9
5 3
6 4
6.5
6.8
7 1
6 8
6 1

48
49
49
49

5
3
2
1

49 3 50 0

166
r 165
167
r 164

8
4
1
8

168 1
168 3

I

!

1

223
224
224
225

1

5 a

t.
0
5
3

r 225 9
227 3

5
4
4
r 6
|

9
9
9
7

5 8
6 2

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 11 commercial banks
Time deposits adjusted are time deposits
at all commercia1 oanks other than those due to domestic commercial banks and the
U S Government