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,.O*GOVV

FEDERAL
statistical

RESERVE
release

**4L*&

H 6

For immediate release
February 23, 1971
The seasonally adjusted money stock has increased sharply in
recent weeks, following the relative small average growth in January.
Thus far xn February, money supply has averaged $2.1 billion higher than
in the month of January* Total time and savings deposits also have in~
creased sharply In the ^irst hal-F of February, reaching a level at raidmonth that was $5 4 billion above the January average
MONEY STOCK AND TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

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

Feb

'

1

1971—January

WeeTc ending
1971—Jan.

1

6
13
20
27

3
10 p
17 p
Average of last 4 weeks 1




Total

|

205.2
204.5
206.6
208.3
209.2
209.6
210.6
21C 8
212.8
213.0
213.5
214.6

|

Money Stock
Currency
component

Demand deposit
component

Time deposits
adjusted
(All commercial
banks)

46 2
46.4
46.7
47 1
47.7
47.8
48 1
48 2
48.2
48 5
48.7
48.9

159 0
158.1
159.8
161 2
161 6
161 9
162 5
163 7
164 6
164 5
164 8
165.7

193 5
195 3
198 5
200 3
202 2
208 2
213 2
218 5
222.2
225 0
230.4

214 8

49 2

r 165.5

235 3

215.4
215.2
214.9
213.9

49.2
49.1
49.2
49 3

166.2
166 1
165 1
164 6

233 6
234 2
235 7
236 5

214.8
216 1
218 6
215 8

49 5
49 5
49 9
49 5

165
166
168
166

237 6
239 6
240 7
238 6

i

i

3
6
7
3

19J

Z

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

Not seasonally adjusted )

Related d e p o s i t s
( A l l commercial banks)
Txme
U S Gov' t
adjusted
demand

Money Stock
Period

Demand d e p o s i t
Currency
comp orient' 1
component

Total

165 4
156 8
158 4
162 6
158 0
160. L
160 7
160.4
163 1
164.5
166.1
171.1

192 7
193.0
195 9
199 3
201.1
202.3
208 1
214.0
218.4
222.5
224 6
228. 7

4.8
7 1
6 9
5.3
6.4
6.5
6.8
7.1
6.8
6.1
5 6
7.1

211
202
204
209
205
207
209
2Q8
211
213
215
221

1971~January

221. 3

49.1

172.2

r 234.5

6.6

227.2
223.8
! 221.2
216 4

49.8
49 4
49.0
48 5

177.4
174 4
172.2
167.9

232.2
233.3
234.8
236.1

7.0
4.8
5.0
8.1

r217.0
216 1
216 6

48.8
49 3
49 5

168.2
166 8
167 2

237.2
238 7
240 0

9.6
8 7
8*1

k'eek ending
1 9 7 1 ~ Jan

6
13
20
27

Feb

3
10 p
17 p

4
8
7
3
3
8
0
7
4
0
3
1

46,1
45 9
46,3
46 6
47 3
47 7
48 3
48 3
48 2
48 5
49.2
50.0

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

j

|

1

r

!

-i

p
Preliminary
r - Revised.
NOTE
Money stock 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
m process of collection Qnd 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





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102