Full text of H.6 Money Stock Measures : August 22, 1974 : Benchmark Revision

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

^Sm.

FEDERAL

RESERVE

..otuticoi

r.i.o,

Table 1
H6

If

REVISED SERtES

muiici

for Immediate Release
August- 2 2 , 1974

9 i v v n mtm%3
IN anLLI0N8 OF DOLLARS

1
M,
Wj
•••
Mi p)ps time deposits1 M> plus deposits
at commercial hanks
CuiiriHiy plus 1
Currency plus
•il nonnank
other than targe
demand deposits*'
thrift institutes 3 ' | demand deposits '
COS*
Seasonally Adjutted
!
""'
M»

Date

1971-- I u l \
Aug.
sept
Oct
Nov
Dtc
1«

|

|

4--lan
Feb
Mar
Apr
Mav
Tune
futy

|

Keek e n d i n g :
1974—luly
3
10
17
24
31
Aug.

7 p
14 p

i
I
!
i
1

867* t

266 4
266. 3
265*5
266.6
269 2
271.4

$52 1
555.1
556 8
561.9
567.3
572.1

870* 7
873 5
880.3
887.7
894-8

270.6
273.1
275.2
276*7
277*8
279 6
280 0

575.1
581,2
585.0
588 5
591,0
596 2
598 9

900.1
908. 3
914,6
919.9
923.1
929 2
932 9

280 8
279 3
280 9
279.2
279.2
281.0
281.1

i

M3
""
1
"2
M, plus time deposits
M7 plus deposits
at commercial banks
M nonbank
oiheri than targe
4bfJ*t institutions3'
Is
._ .
1ot Seasonally Adjusted

265.7
263.0
264.0
266.1
270.9
279.1

551.1
551.3
554.4
560a
,

277.8
270.2
272.5
278.2
273.*
277.6
279.2

1

598 1
597.8
599 4
598,5
599, 5

280.4
280.9
281.4
276.8
276.3

!

601,5
602.7

27H.3
278.9

!
i
!

565.7
577.2

867. 6
866. 6
870.0
877.2
884.0
898 4

58U1
578*6
584.5
592.9
589.1
595.7
597.8

9Q5.7
905* S
915 3
926.1
922.2
930 3
933 3

598.7
599.4
599.5
595.3
596.0
598.4
600.0

1/ Money stock and related measures, shown in this release, have been revised t* reflect new benchmark data fnr
"** nonmember banks available from the April 24 f 1974, call report. Revisions for Mj and M 2 affect weekly and
monthly data back to the beginning of 1974, and for M 3 monthly data for the same period. A special supplemental
table 'included- with this release provides revised weekly data for M p ty?, and their components both seasonally
adjusted and not seasonally adjusted back to the beginning of the year."
2/ Includes (1) demand deposits at all commercial banks other than those due to domestic commnrcinl tent's and
"
the [\ S. Government, less cash items in the process of collection and F. R. float.
(2) foreign demand balances at F. R. Banks; and
(3> currency outside the Treasury, F.R. Banks and vaults cf all commercial brinks.
y
Includes, in addition to currency and demand deposits, savings' deposits, time deposits ->pen account, .md
"
time cert iticates of .deposits other than negotiable time certificate? of deposit issued in denominations
of $100,000 cr more by large weekly reporting tomm^reiil Kmi.i.
4/ Includes M 2 » plus the average of the beginning and end of month deposits of mutual savings banks .and savings
and loan shares.
P - Preliminary




FEDERAL RESERVE Statistical Release H 6

MONEY STOcV MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES
M1
Ppnod

July

Currency plus
demand deposits^

MM i plus time deposits
at commercial banks
other than large
CD's 2 /

4*8
6.9
5.1

7.1
8.3
8.5

4.9
6.9
5.2

7.7
8.1
8.5

M
M2 plus deposits
at nonbank
thrift institutions^ 7

from:

Apr, 1974 (3 months previous)
Jan. 1974 (6 months previous)
July 1973 (12 months previous)

Four weeks ending* Aug. 14, 1974
from four weeks ending*
Hay 15, 1974 (13 weeks previous)
Feb, 13, 1974 (26 weeks previous)
Aug, 15, 1973 (52 tfeeks previous)

inc ludes M) demand deposits at ail commercial banks oihOi than those due to domestic cdmmerciai batiks and the U S Government less cash items in the
proees oi collodion and F R float
* l
i2) fon»ign di mind balances at F R Bank? and
(3) currency outside the Treasury F R Banks and vaults of all commercial b£mks
includes m addition to currency and demand deposits savings deposits ume deposits open account and time certificates of deposits other than
neqoiubfe time certificates of deposit issued in denominations of $100 000 Or more by farge'weekfy reporting cottiffigrcnal banks
y •nr l u j o j M 2 plus the avenge of the beginning and ci\<i Of month deposits of mutual savings banks and savings and loan shares*
Note Att i Mrs of change are based on daily average data rales of change are no! compounded tj "



5.7
7*3
7.6

FEDERAL RESERVE Statistical Release H 6
Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS

|
Date

Currency

Demand deposits

1973—July
Aug.
Sept.
Oct.
Nov,
Dec.

59.5
59.8
60,2
60.5
61,0
61,7

206.9
206,4
205,3
206.1
208.2
209, 7

1974--Jart.
Feb.
Mar,
Apr.
May
June
July

61,9
62,7
63,3
63.9
64.4
64.8
64.9

Week ending;
3
1974—July
10
17
24
31
Aug.

j~r

7 p
14 p

1

208, 7
210,4
211.9
212.8
213.4
214.8
215,1

;
!

j

Time and lavingTdepotJU
CD&y

i
|!

!
1

j

Other

1

Nonbank
1 thrift institutions2^

Total

63.9
66*3
66* 7
63. 8
62,0
62,8

285,7
288. 8
291.4
295.3
298.1
300, 6

349. 6
355.1
358.0
359.1
360.1
363, 5

315.0
315.6
316.7
318.5
320.4
322.7

65.5
66,6
67,7
75.4
81.2
83.3
85.4

304, 6
308.1
309,8
311.8
313,3
316,5
319/tr

370,1
374.7
377,5
387.1
394.4
399.9
404. 3

325.0
327.1
329.6
331.4
332.1
333.0
333.9

85.0
84,7
85,4
85.9
85.6

317.4
318.5
318 5
319.3
320.3

402.4
403.2
404.0
405.2
405.9

84.9
84.6

320.6
321.6

405.5
406. 2

1

1
!
!
j
|

64.8
65.1
64.8
64.9
64.8

t
j

65.4
65.6

!
|

216.0
214.2
216.1
214.3
214.4
215.6
215.5

j

np^o* ib»e time cerhlicates of deposit issuod in denominators of $100 OOC or ^ore by farge A»et<iy rppo nng rc""'"^
and sS\mgs ana loans shares


r p^e <->' tf- "n ng and end of month deposit 1 ai mutual savings ban*


r

4 bank >

|

p

_

pr/climinar

FEDERAL RESERVE Statistical Release H 6
Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED IN BILLIONS OF DOLLARS

[
Date

Currency

1973--July
Aug,
Sept.
Oct.
Nov.
Dec.

60.0
60. 0
60. 1
60.4
61,5
62.7

1974--Jan.
Feb.
Mar,
Apr.
May
June
July

Week e n d i n g :
1974--July
3
10
17
24
31
Aug.

7 p
14 p

Demand deposits
Total '-'

Member

.Time and savings deposit

Domestic
nonmember

J

CD5 '

2/

\

Other

Total

Nonbank
institutions '

US G iv t
demand ,J

316.5
315.3
315.6
317,0
318,3
321.2

6.5
4. 1
5.3
6.0
4.3
6.3

thrift

205.7
202. 9
203. 8
205.7
209.5
216.4

149.7
147.8
148.2
149.7
151,8
157.0

53.2
52.7
53.3
53.8
55.1
56.6

62.3
68.4
68.8
66.3
64,1
64.1

285.4
288.3
290.5
294,0
294,8
298,1

347,8
356. 7
359.3
360.3
359.0
362.2

61.6
61,9
62,7
63.5
64.2
64.9
65.4

216.2
208.3
209.8
214.7
208.9
212.7
213.8

156,4
151.1
152.4
155.8
151.2
153.4
154,2

56.9
54.6
54.7
56.2
54.9
56.3
56.8

66.1
65.9
67.0
72,4
77.8
79.7
83,3

303,3
308.4
312,0
314,7
316,1
318.1
318.6

369.4
374,3
379,1
387,1
393.9
397.9
402.0

65.2
66.2
65.6
65.2
64.8

215.1
214.7
215.8
211.6
211.5

155.6
154.4
155.4
152.7
153,1

56.7
57.5
57.6
56.1
55.6

80.8
81.1
83.0
84.8
85,5

318.3
318.5
318,1
318,5
319,7

399.2
399.6
401.0
403,3
405.2

8.6
6.9
4.2
4.6
4.3

66.0
66.2

212.3
212.7

153.0
153.0

56.5
57.0

86.0
86,8

320.1
321.1

406.1
407.9

4.2
3.7

|
!

:

!

|

j

324,5
326.9
330. 8
333,2
333.0
334. 6
335.5

j

I

8.1
6,6
6.4
6.0
7.6
6.1
5.4

i k i i l M H i H M i M i

1 / Total deposits include in addition to tltc member and domestic nonmember deposits shown deposits due to foreign and international Institution*
at f R Banks and M j type balances at agencies and branches of foreign banks
2 / Based on most recent call report single day observations

p - Preliminary

J / Includes negotiable time certificates of deposits issued in denominations of $100 000 or more by large wtekly reporting commercial banks"
4 ' Average of beginning and an6 of month deposits at mutual savings banks and savings and lodn shines
5

U S Government demand deposits at alt commprcial banks




Rev 2 / 7 4

REVISED 'MiTOPfCAL HATA

MU-JUST

22,

1374

SU°PLEMFMTAL T A M E 5
MONEY STOCK MEASURESt COMPONENTSf
AND RELATED ITEMS
DATE

1974

1

I
JAN... 2
.w 9
..16
..23
..30
FFB... 6
..13
..20
..27
MAR... 6
..13
..20
..27
APR... 3
..10
..17
..24
MAY . . 1
.. 8
..15
..22
..29
JUNE.. 5
-.12
..19
.*26




I
1
11
1
1
I
1
I
1
]
!
I
1
1
I1
1
1
If
f
1
1
!
,1

Ml
DEMAND
DEPOSITS
PLUS
CURRENCY
271.7
270.7
271.0
269.8
269.1
271.5
272.4
275.1
272.8
276.2
275.2
274.9
274.5
276.3
276.4
278.7
276.3
275.3
277.1
278.0
279.2
276.7
279.8
279.6
280.2
218^9

Lfcyi

. P*hl

M2
j
1
J| , . TIME, ANp SAVINGS DEPOSITS
1 DEMAND
M l PLUS
I
1
OTHER
1
TOTAL
CDS
ITIME OTHFR 1 CURRENCY ! DEPOSITS !
iTHAN LARGEI
1
CpS
1
J
1
366.9
1
302.6
64.3
1
21CT.0
574.3
61.6
1
302.9
1
64.8
1
367.7
1
208.8
!
573.6
11
61.8
1
304.?
61.9
!
368.9
!
64.7
209.2
57*5.2
1!
1
371.1
65.B
62.0
1
575.0
1
207.7 1
!
305.3
1
372.8
67.1 ' !
305.7
207.2
574.9
1
62.0
3
73.7
306.9
209.0
!
66.8
1
578.4
|
62.5
374,7
307.7
580.1
|
I1
62.6
209.7
67.0
374.9
212.4
j
66.4
|
308.5
62.8
1
583.6
I
309.4
375.6
66.?
I1
62.6
!
210.2
1
582.1
1
375.4
309.5
65 . 9
!
213.1
565.6
|
I1
63.1
376.4
309.6
211.9
66.8
63.3
!
584.8
11
377.1
67.1
310.0
!
211.6
584.9
11
63.3
378.8
310.0
!
1
68.8 1
211.2
584.5
!1
63.3
1
381.8
310.3
1
71.*
I
212.9
1
63.4
!
586.6
|
385.1
64.1
73.9
311.3
1
212.3
|
1
587.7
I
386.7
6
4
.
1
3
1
1
.
9
I
7
4
.
8
1
2
1
4
.
6
1
590.6
1
388.9
312.0
|
212.4
1
76.9
!
588.4
!
63.9
390.5
312.5
I
78.0
1
211.5
I
63.8
I
587.9
3
1
2
.
4
|
392.1
79.7
1
64.4
1
212.7 1
1
589.5
3
93.8
1
313^3
1
213.7 1
64.3
80.6
1
591.3 1
3
9
4.9
312.9
|
82.0
1
64.5
1
214.6
1
1
592.1 1
314.0
|
396.6
82.5
64.5
1
212.2
1
1
590.8
11
397.2
315.3
1
81.9
1
!
215.3
!
64.5
1
595.1
1
398.4
64.9
82.*
1
315.8
I
1
214.6 1
595.4
1
83.5
I
400.4
215.4
|
316.9
1
64.8
1
597.1 !
214.2
|
401.4
317.2
I
,1
P&.l
1
64.7
|
596J_1
I1
'.

:

_j

L
I

I
1
1
1
I
1
I
|
1
\
|
1
|
1
I
|
I
f
1
1
|
1
1
f
|
|

AT 1 ' "S ??, 197!*

IFVISEP 'M^TnPJCAt OATA

SUPPLEMENTAL fA'U C 6
MONEY STOCK MFASURESt COMPONENTS, AND RELATED ITEMS
NQT SEASONALLY ADJUSTECU
&ILL1QNS OF COLLARS
TIME AMD SAVINGS
M2
1
J"
Ml
J1
Siii
Ml PLUS
DEMAND
1 DEMAND
1
DEPOSITS
OTHER
TOTAL
1 DEPOSITS ITIME OTHER 1 CURRENCY
CDS
!
THAN LARGE
1
PLUS
I
CDS
1
1 CURRENCY
J _
30o79~ 1 ~~365.5
'" ~62.b"
~64.6 I "
1
285.9
l
586.8
223.8
62.4
301.4
585.0
221.2
65.6 !
1
283.6
1 367.0
*83.9
368.5
1
61.9
1
281.0 |
302.9
219.2
65.6
1
1
304.?
I
578.7
66.5
|
370.6
213.2
61.4
274.5
1
66.9 I1
372.1
574.8
208.8
305.2 1
60.8
!
269.7
372.5
209.5
306.3
577.6
66.2 I
1
61.7
I
271.2 1
1
270.4 |1
373.9
66.2 |I
307.7 1
208.2
578.1 iI
62.1
374.4
209.4
580.2
65.7
1
271.4 I
62.0
I
308.8 1
375.8
61.4
I
310.1 I
577.7
206.3
65.8
267.7 !
65.9
376.7
583.9
1
62.5
1
310.8 1
210.7
!
273.2 1
209.9
584.5
66.5 1
62.9
272.8 !
311.7
1 378.2
378.5
584*7
209.7
!
312.3 I
i
62.7
272.4 i
66.3
380.4
312.6 I
67.8 11
62.4
270.2 I
582.8
207.9
383.0
313.5 I
69.'5 I1
589.3 I
62.8
212.9
275.8 1I
385.7
279.4
593.5
215.2
71*5
1
314.2 1
1
64.2
*98.0
386.7
1
314.9 t
283.1 |
63.9
71.8
1
219.2
1
277.0 !
63.2
213.8
73.6 11
388.3
3,14.7 1
591.7
!
74.3
315.3
63.0
273.7 !I
589.0
210.7
t 389.6
209.1
31$.1
!
588.6
64.4
76.0
273.5
f 391.1
392.9
T6.9 |!
274.5 I
316.0, 1
590.5 1
64.3
210.2
I
315.8
1
588.7 I!
208.8
78.8
272.9 1
64.2
r 394.6
i
317.0 i
270.4 |1
7$.6
396.6
5R7.5 !
206.4
64.1
?9.2
397.0
1
276*8 1
594.7 1
212.3
64,6
!
317.8 i
397.7
*96.3 1
213.0
65.3
!
318.1 t
1
278.2 1
79.6
318.4
!
278.9 |
397.6
214.0
64.9
79.2
597.3 1
i
398.0
592.9
210.7
1
64.4
80.2 1
317.8 !
275.1 1>
1
J

DATE

1974

JAN... 2
.. 9
..16
..23
..30
FEB... 6
..13
..20
.•27
MAR... 6
..13
..20
..27
APR... 3
..10
..17
..24
MAY .. 1
.. 8
..15
..22
..29
JUNE.. 5
..12
..19
..26




i

j)i .if

IK—

_i
1

U.S. GOVT!
DrMAND |

1
;

|
1
|
1
1
1
|
1
1
i
1

!

1
I
1
1
1
1
1
1
t

1

10.0
8.5
6.2
7.4
9.2
8.8
6.0
5.2
6.7

1
I
1
J
|
|
|
|
|

6.7

1

4.3
7.2
6.9

|
1
|

7.2 1
4.6 I
4*6
6.0
9.4
11.2
7.6
6.5
5.3
4.3
3.7
6.7
8.0

j
|
|
1
I
\
I
|
}
|
|