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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Stl«at« H.6

statistical

release

For Immediate Release

Table 1

MONEY STOCK MEASURES

DEC. 29t 1977

IN BILLIONS OF DOLLARS
M!

^™,

M4

M3

M5

MI Plus Time
M2Plus
M 2 Plus
Currency Deposits at
M3 Plus
Deposits at
Commercial N on bank
Large
Plus
Large
Banks
Demand
Negotiable Negotiable
Thrift
Deposits.!/ Other Than Institutions^
CD's*/
CD's^
Large CD's2/

Date

*i

M2

M3

M4

MI Plus Time
M 2 Plus
M2 Plus
Currency Deposits at Deposits at
Large
Plus
Commercial N on bank
Negotiable
Banks
Demand
Thrift
CD'sV
Deposits!/ Other Than Institutions^
Large CD's ^

*5

M 3 Plus
large
Negotiable
CD's^

Not Saafonally Adjusted

Seasonally Adjv$t«d
1976 —NOV.
DEC.

310.4
312.4

732.3
740.3

1223.4
1237.1

794.6
803.5

1285.6
1300.3

312.3
321.3

730.0
745.3

1216.3
1237.9

792.6
609,5

1279.2
1302.1

1977 — JAN.
FEB.
NAR.
APR.

313.6
314.0
315.4
320.5
320.7
321.9
326.8
328.4
330.4
333.7
333.2

746.3
750.7
756.1
764.6
767.6
772.6
783.5
787.7
792.9
799.6
802.6

1248.9
1258.2
1268.1
1261.2
1269.0
1299.5
1316.9
1329.5
1343.1
1357.1
1365.4

609.3
614.0
818.2
626.2
629.9
836.6
846.3
850.9
856.2
665.9
673.5

1312.0
1321.5
1330.3
1342.8
1351.3
1363.5
1379.6
1392.7
1406.3
1423.5
1436.3

319.7
309*9
312.4
322.3
315.5
321.4
327.2
325.2
328.2
332.5
335.3

751.2
747.2
756.2
770.0
766.2
774.5
764.0
784.4
7A8.9
796.4
799.9

1251.4
1253.1
1269.8
1290.2
1290.3
1305.7
1322.1
1326.6
1337.1
1350.6
1357*2

614.3
AA6.S
617.0
630.1
827.4

1314.5
1314.4
133O.7
1350.3
1351.4
1366.7
1364.9
1391.1
1402.6
1419.0
1426.8

26

334.5

600.8

867.9

329.9

794.1

663.0

2

331.3
333.6
334.1
331.5
333.2

798.0
801.8
603.0

866.2
671.2
673.6
673.6
876.3

332.0
336.1
338.1
332.5
334.4

795.5
800.2
802.4
797.9
7V9.6

665.0
670.3
673.5
870.3
872.9

334.9
333.7
335.2

606*

879.0
r 879.0
860.6

341.5
343.0
345.1

607.4
809.5
811.3

r 661.4
6i4.7
667.5

HAY
JUNE
JULY

AUG.
SEPT.
OCT.
NOV.

637.
646.
646.

fc54.
864.
671.

WEEK ENDING:
1977-OCT.
NOV.

9
16
23
30

DEC.

7
14 P
21 P

r

601.
803.

805.
805.

I/ INCLUDES (II DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS ANO THE U.S.GOVERNMENT.
LESS CASH ITEMS IN THE PROCESS OF COLLECTION ANO F.R.FLOATS 12) FOREIGN DEMAND BALANCES AT F.R.BANKS; ANO (31 CURRENCY OUTSIDE
THE TREASURY* F.R.BANKS ANO VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDESt IN ADDITION TO CURRENCY ANO DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT* ANO TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF tlOO,OOO OR MORE BY LARGE WEEKLY REPORT*
ING COMMERCIAL BANKS.
3/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK* SAVINGS AND LOAN SHARES* AND
CREDIT UNION SHARES.
4/ INCLUDES M2* PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
5/ INCLUDES M3* PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
P - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Release H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED A N N U A L RATES

"i
DATE

/.
NOV.
&.
MAYf

/.

M2

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-!/ Banks Other Than
Large CD's^

*3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M4

M 2 Plus Large
Negotiable CD's"7

M

5

Ma Plus Large
Negotiable CD's

FROM:
1977

(3 MONTHS PREVIOUS)

5.8

7.6

10.8

10.6

12.5

1977

(6 MONTHS PREVIOUS)

7.8

9.1

11.9

10.5

12.6

1976

(12 MONTHS

7.3

9.6

11.6

PREVIOUS)

9.9

11.7

JR WEEKS ENDING: DEC. 21, 1977
*OM FOUR WEEKS ENDING:
»T. 21,

1977(13 WEEKS

PREVIOUS)

4.5

6.4

10.9

4E

22,

1977(26 WEEKS PREVIOUS)

8.0

8.7

10.5

:.

22, 1976(52 WEEKS PREVIOUS)

7.3

9.0

9.7

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (21 FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TEASURYt F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDESf IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES N3t PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE N01 COMPOUNDED.




FEDERAL RESERVE Statistical Release H.6

Table 3

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

Time and Savings Deposits
Date

Currency

Demand Deposits
CD's^

Other

Total

N on bank
Thrift Institutions^

1976 — NOV.
DEC.

80.2
80.5

230.2
231.9

62.2
63.3

422.0
427.9

464.2
491.1

491.0
496.8

1977 — JAN.
FEB.
MAR.
APR.

81.1
81,6
82.2
63*1
83.6
84.0
85.1
85.5
86.4
87.1
87.8

232.7
232.1
233.2
237.4
237.1
238.0
241.7
242.9
244.O
246.6
245.5

63.1
63.3
62.2
61.6
62.3
63.9
62.8
63.2
63.2
66.4
70.9

432.5
436.7
440.6
444.1
446.9
450.9
456.7
459.3
462.6
465.9
469.4

495.6
500.0
502.8
505.7
509.2
514.8
519.5
522.5
525.8
532.2
540.3

502.6
507.5
512.1
516.6
521.4
526.7
533.5
541.7
550.2
557.5
562.8

MAY
JUNE
JULY

AUG.
SEPT.
OCT.
NOV.
WEEK ENDING:

1977-OCT.

26

87.3

247.2

67.1

466.3

533.4

NOV.

2
9
16
23
30

87.5
87.6
87.7
87.7
88.1

243.8
246.2
246.4
243.8
245.1

68.2
69.4
70.5
72.5

466.7
468.0
468.9
470.3
470.7

535.0
537.4
539.5
542.2
543.2

7
14 P
21 P

88.0
88.1
88.5

72.9
74.0
75.0

471.2
471.3
470.7

544.1
545.3
545.6

DEC.

r 246.9
245.6
246.7

71. b

I/ INCLUDES N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR M O R E BY L A R G E W E E K L Y REPORTING C O M M E R C I A L BANKS.
2/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
P - P R E L I M I N A R Y ; R - REVISED




FEDERAL RESERVE Statistical Release H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Demand Deposits
Date

Currency

Total^

Member

Time and Savings Deposit

Domestic
Nonmember^f

CD's^/

Other

Total

Nonbank
Thrift
Institutions4/

U.S. G o v ' t .
Demand-^/

1976 —NOV.
DEC.

80.7
82.0

231.6
239.3

162.5
168.5

65.6
67.3

62.9
64.3

417.7
423.9

480.5
488.2

486.3
492.6

4.2
4.7

1977— JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.

80.5
80.8
81.6
82.8
83.4
84.2
85.7
85.8
86.1
86.9
88.4

239.2
229.1
230.9
239.6
232.1
237.1
241.4
239.3
242.1
245.6
246.9

168.1
161.0
162.1
167.6
161.8
165.1
167.7
166.3
167.5
170.0
170.2

67.5
64.6
65.2
68.3
66.6
68.3
69.5
69.1
70.4
71.3
72.4

63.1
61.3
60.8
60.1
61.2
63.0
62.8
64.5
65.4
68.3
71.6

431.5
437.3
443.8
447.7
450.7
453.2
456.9
459.2
460.7
463.8
464.6

494.6
498.6
504.6
507.7
511.8
516.1
519.6
523.7
526.1
532.2
536.2

500.2
505.9
513.6
520.2
524.1
531.1
538.1
542.3
548.2
554.3
557.3

4.2
4.4
4.5
5.6
3.8
5.2
3.9
3.7
5.4
4.1
3.8

26

86.4

243.4

169.1

70.1

68.9

464.2

533.2

4.0

2
9
16
23
30

86.6
88.7
88.5
88.5
88.2

245.4
247.3
249.5
244.1
246.2

170.0
170.6
171.5
167.8
170.2

71.2
72.4
73.6
72.1
71.7

69.5
70.1
71.1
72.5
73.3

463.5
464.1
464.3
465.3
465.2

533.0
534.2
535.4
537.8
538.5

3.5
3.6
3.3
4.6
4.1

7
14 P
21 P

89.7
89.9
90.2

174.2
174.9
176.1

73.4
74.2
74.5

74.0
75.2
76.2

465.9
466.4
466.2

539.9
541.7
542.4

3.1
2.9
9.2

MEEK ENDING:

1977 -OCT.
NOV.

DEC.

'

251.8
253.2
254.9

r

I/ TOTAL DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBJER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
2/ BASED ON MOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY
REPORTING COMMERCIAL BANKS.
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.

p - PRELIMINARY; R - REVISED