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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

APR. 13, 1978

IN BILLIONS OF DOLLARS
Ml

M2

M4

M3

MI Plus Time
M 2 Pius
Currency Deposits at
M 2 Plus
Deposits at
Plus
Commercial Nonbank
Large
Demand
Banks
Negotiable
Thrift
Deposits^/ Other Than Institutions^/
CD's*/
Large CD's 2/

Date

M5
M 3 Plus
Large
Negotiable
CD'sS/

Ml

M2

M3

M4

MI Plus Time
M 2 Plus
M 2 Plus
Currency Deposits at Deposits at
Commercial Nonbank
Plus
Large
Banks
Demand
Negotiable
Thrift
Deposits^ Other Than Institutions*
CD's*/
Large CD's ^

Seasonally Adjusted

M5
M 3 Plus
Large
Negotiable
CD's^

Not Seasonally Adjusted

DEC.

318.3
322.0
322.4
324.3
327.5
329.2
331.6
334.6
334.7
336.7

758.1
764.9
768.4
774.2
782.9
787.9
793.8
800.2
803.8
807.6

1270.6
1282.2
1290.9
1302.0
1317.2
1330.0
1343.5
1356.7
1365.5
1374.1

820.3
826.5
831.3
837.5
845.8
851.1
857.6
866.5
874.6
881.6

1332.8
1343. 6
1353.8
1365.3
1380.0
1393.2
1407.4
1423.0
1436.4
1448.1

313.9
324.1
317.4
323*3
329.1
326.9
329.8
334.0
336.6
346.4

756.6
770.6
766.9
775.5
785.2
765.5
790.0
797.5
601.2
813.0

1270.5
1291.0
1291.2
1306.9
1323.5
1328.0
1338.4
1351.7
1358.5
1375.5

817.5
830.7
828*0
638.5
848.0
849.9
855.4
865.6
872.8
668.9

1331.3
1351.1
1352.3
1369.9
1386.3
1392.4
1403.6
1420. O
1430.1
1451.4

1978 — JAN.
FEB.
MAR.

339.4
339.1
340.1

813.6
816.6
820.1

1384.1
1390.5
1397.3

889.9
696.0
902.2

1460.4
1469.8
1479.3

345.2
333.3
335.4

618.3
811.4
818.7

1386.5
1383.4
1397.1

694.6
888.3
696.9

1462.9
1460.3
1477.4

339.4
338.9
339.4

816.4
816.1
817.5

894.9
895.1
897.2

336.6
334.5
331.1

813.0
812.4
810.1

889.7
889.0
667.0

817.5
818.7
818.2
r 821.6
r 821.8

898.4
900.3
903.6
904.1

330.5
335.4
336.6
335.1
332.9

810.5
817.0
819.4
818.9
817.3

686. 1

29 P

339.3
339.3
338.5
340.7
341.3

895.9
899.2
r 699.5
*99.0

5 P

341.7

823.6

905.7

344.0

830.6

912.3

1977 —MAR.
APR.

HAY
JUNE
JULY
AUG.

SEPT.
OCT.
NOV.

P

WEEK ENDING:

1978-FEB.

8
15

22
MAR.

1

a

15

22

APR.

I/

2/
3/
4/
5/

INCLUDES

(1)

900. 5

DEMA NO DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S. GOVERNMENT*

LESS CASH ITEMS |N THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.ff.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
INCLUDESt 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.
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.
INCLUDES M2» PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
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

MM

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

DATE

"3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

IAR.

FROM:

>EC.

1977

(3 KONTHS PREVIOUS)

4.0

6.2

6.8

,EPT. 1977

(6 MONTHS PREVIOUS)

5.1

6.6

8.0

IAR.

(12 MONTHS PREVIOUS)

6.8

8.2

1977

*OUR WEEKS ENDING: APR.
FROM FOUR WEEKS ENDING:

5,

10.0

M4

»5

M2 Pius Large ,.
Negotiable CD's5'

Ma Plus Large _
Negotiable CD's*

9.3

8.6

10.4

10.2

10.0

11.0

1978

IAN.

4,

1978(13 WEEKS PREVIOUS)

3.9

6.3

ICT.

5,

1977(26 WEEKS PREVIOUS)

4.9

6.5

PR.

6» 1977(52 WEEKS PREVIOUS)

6.7

8.1

9.3
10.3

9.9

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL 8ANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOATl (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND 13) CURRENCY OUTSIDE
THE TEASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES 9 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 t 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 M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
MHTP- *tL RATCC. r? r ^ N G E ARE BA^D ON D A I L Y AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Re It ate 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^

1977 —MAR.
APR.

Other

Total

N on bank
Thrift Institutions-2'

82.4
83.1
83.8
84.2
85.1
85.5
86.3
87.1
87.7
88.5

235.9
238.9
238.6
240.1
242.3
243.7
245.3
247.5
247.0
248.2

62.2
61.6
62.9
63.3
62.8
63.2
63.8
66.4
70.9
74.0

439.8
442.9
446.0
449.9
455.5
458.7
462.1
465.5
469.1
470.9

502.0
504.5
508.9
513.2
518.3
521.9
525.9
531.9
540.0
544.9

512.5
517.3
522.4
527.8
534.3
542.1
549.8
556.5
561.7
566.5

89.3
90.0
90.6

250.1
249.1
249.5

76.3
79.4
82.0

474.2
477.5
480.0

550.5
556.6
562.1

570.5
573.9
577.1

89.9
90.0
90.2

249.5
248.9
249.3

78.5
79.0
79.7

477.0
477.2
478.1

555.4
556.2
557.8

29 P

90.1
90.3
90.5
90.9
91.0

249.2
249.1
248.0
249.8
250.3

8O.9
81.8
82.2
82.0
r 82.3

478.2
479.3
479.6
480.9
r 480.5

559.0
561.2
561.8
562.9
562.8

5 P

90.9

250.8

MAY
JUNE
JULY

AUG.
SEPT.
OCT.
NOV.
DEC.
1978 — JAN.
FEB.
MAR. P

HEfcK ENDING:
1978-FEB.

8
15
22

MAR.

1
8
15
22

APR.

82.1

481.6

564.0

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
2/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS* SAVINGS AND LOAN SHARES* AND CREDIT UNION SHARES.

p - PRELIMINARY; 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
Time and Savings Deposit

Demand Deposits
Date

Currency
Total^

1977 —MAR.

Member

Domestic
Nonmember2f

CD's^

Other

Total

Nonbank
Thrift
Institutions^/

U.S. Gov't.
Demand-5/

81.7
82.9
83.5
84.3
85.8
85.9
66.2
86.9
88.4
90.0

232.2
241.3
233.8
239.0
243.3
241.0
243.6
247.0
248.4
256.4

162.0
167.6
161.7
165.1
167.7
166.3
167.5
170.0
170.3
176.3

66.6
70.0
68.4
70.2
71.4
70.8
71.8
72.7
73.8
75.8

60.8
60.1
61.2
63.0
62.8
64.5
65.4
68.3
71.6
75.9

442.8
446.5
449.5
452.2
456.1
458.6
460.2
463.5 v
464.4 "
466.6

503.6
506.5
510.7
515.2
518.8
523.0
525.7
531.6
536.0
542,5

,513.8
520.4
524,3
531 .4
538.3
542.5
548.4
554.2
557.3
562.5

4.3
5.4
3.6
5.0
3.6
3.4
5.0
3.7
3.5
5.1

88.6
88.9
89.9

256.6
244.4
245.5

175.9
167.4
168.5

76.3
72.8
73.0

76.4
76.9
80.2

473.0
478.1
483.3

549.4
555.0
563.5

568.2
571.9
578.5

4.2
4.2
4.6

89.3
89.1
89.1

247.3
245.4
242.0

169.8
167.6
165.4

73.5
73.5
72.4

76.7
76.6
76.8

476.5
477.8
479.0

553.2
554.5
555.8

4.5
3.4
4.2

29 P

88.2
90.0
90.1
90.1
89.6

242.2
245.3
246.5
245.0
243.3

166.3
167.8
169.1
168.0
167.4

71.9
73.3
73.5
r 72.8
72.3

77.6
78.9
79.8
80.5
r 81.7

480.0
481.7
482.9
483.8
484.4

557.7
560.6
562.7
r 564.4
566.1

4.8
3.9
4.2
6.9
3.8

5 P

90.7

253.3

174.2

486.7

568.3

3.6

APR.
MAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1978 — JAN.
FEB*
MAR. P

WEEK ENDING:
1978-FEB.

8
15
22

MAR.

1
8
15
22

APR.

74.8

81.6

,

I/ TOTAL DEPOSITS INCLUDEt IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.B4NKS 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,OOO OR MORE BY LARGE WEEKLY
REPORTING COMMERCIAL BANKS.
4/ 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.
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P - PRELIMINARY; R - REVISED