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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

ele ase

Table 1

For Immediate Release

MONEY STOCK MEASURES

APR. 20, 1978

IN BILLIONS OF DOLLARS
*1

Date

M2

M4

*3

M ) RusTime
M 2 P!us
M2Plus
Currency Deposits at
Deposits at
Plus
Large
Commercial N on bank
Demand
Banks
Negotiable
Thrift
Deposits-}/ Other Than
CD's!/
Institutions^
Large CD's 2

*5
M3P>us
Large
Negotiable
CD's^/

M!
Currency
Plus
Demand
Deposits-!/

M2

*3

M5

AM

M I Plus Time
M2Plus
Deposits at
M2Plus
Deposits at
Commercial
Large
Nonbank
Banks
Negotiable
Thrift
Other Than
CD's4/
Institutions*
Large CD's^

M3Plus
Large
Negotiable
CD's-5/

Not Seasonally Adjusted

Seasonally Adjusted
1977— M A R .
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
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
803.6
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
845.6
851.1
657.6
866.5
874.6
881.6

1332.8
1343.8
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
336.8
346.4

756.6
77U.6
766.9
775.5
785.2
765.5
790.0
797.5
601.2
813.0

1978 — JAN.
FEB.
MAR. P

339.4
339.1
340.1

813.6
816.6
820.1

1364.1
1390.5
1397.3

889.9
896.0
902.2

1460.4
1469.8
1479.3

345.2
333.3
335.4

818.3
611.4
816.7

1270.5
1291.0
1291.2
1306.9
1323.5
1328.0
1338.4
1351.7
1356.5
1375.5

817.5
830.7
628.0
636.5
848.0
649.9
655.4
865.8
872.6
686.9

1331.3
1351.1
1352.3
1369.9
1386.3
1392.4
1403.6
1420.0
1430.1
1451.4

1386.5
1383.*
r 1397.2

694.6
686.3
896.9

1462.9
1460.3
1477.4

MEEK ENDING:
1976-FEB.

15
22

338.9
339.4

816.1
817.5

895.1
897.2

334.5
331.1

812.4
810.1

889.0
887.0

MAR.

1
8
15

22
29

339.3
339.3
338.5
340.7
341.3

817.5
818.7
818.2
821.6
r 821.9

696.4
900.5
900.3
903.6
r 904.2

330.5
335.4
336.6
335.1
332.9

810.5
817.0
819.4
816.9
r 817.4

668.1
895.9
699.2
899.5
699.1

5 P
12 P

341.7
343.8

823.6
825.7

905.7
908.2

34*. 0
348.6

r 830.7
835.5

APR.

r

912.3
916.5

%

I/ INCLUDES (II 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 TREASURY* F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES* IN AUDITION 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 OK MORE BY LARGE WEEKLY REPORTING 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.
4X 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

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-3/ Banks Other Than
Large CD's^

DATE

IAR.

FROM:

>EC.

1977

M2

"3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

(3 MONTHS PREVIOUS)

4.0

6.2

6.8

>EPT. 1977

(6 MONTHS PREVIOUS)

5.1

6.6

8.0

IAR.

(12 MONTHS PREVIOUS)

6.«

8.2

1977

:

OUR WEEKS ENDING: APR. 12,
FROM FOUR WEEKS ENDING:

10.0

M4

M2 Plus Large
Negotiable CD's57

9.3

"5

Ma Plus Large 5/
Negotiable CD's"7

8.6

10.4

10.2

10.0

11.0

1978

IAN.

11,

1978(13 WEEKS PREVIOUS)

4.9

6.6

>CT.

12,

1977(26 WEEKS PREVIOUS)

5.2

6.6

tPR.

13,

1977(52 WEEKS PREVIOUS)

6.8

8.1

9.3
10.2

9.9

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* (2) FOREIGN DEMAND 8ALANCES AT F.R.8ANKS; AND (3) CURRENCY OUTSIDE
THE TEASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, ANO 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 ANO LOAN SHARES, ANO
CREDIT UNION SHARES.
*/ 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.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY A V E R A G E DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Ralease H.6

Tabla 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 Institutions1'

82.4
63.1
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
5Gb. 9
513.2
518.3
521.9
525.9
531.9
5*0.0
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
480.1

550.5
556.8
562.1

570.5
573.9
577.1

90.0
90.2

248.9
249.3

79.0
79.7

477.2
478.1

556.2
557. ti

22
29

90.1
90.3
90.5
90.9
91.0

249.2
249.1
248.0
249.8
250.3

80.9
81. b
82.2
82.0
82.3

478.2
479.3
479.6
480.9
480.6

559.0
561.2
561.8
562.9
562.8

5 P
12 P

90.9
90.8

250.8
253.0

82.1
82.5

481.9
481.9

564.0
564.4

1977 — MAR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.
1978 — JAN.
FtB.
MAR. P

r

MEEK ENDING:
1978-FEB.

15
21

1

MAR.

b
15

APR.

r

r

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100tOOO OR HORE BY LARGE W E E K L Y REPORTING COMMERCIAL BANKS.
2/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKSt SAVINGS AND LOAN SHARES* AND CKED1T 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

1977 — MAR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DkC.
1978 — JAN.
FEB.
MAR. P

TotaP7

Member

Domestic
Nonmember^

CD's^

Other

Total

, * Nonbank
i
Thrift
Institutions4/

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

81.7
6*. 9
83. 5
84.3
85.8
85.9
66.2
86.9
88.4
90.0

232.2
241.3
233. b
239.0
243.3
241.0
243.6
247.0
248.4
£56.4

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
7^.7
73.8
75. b

&0.8
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
464.4
466.6

503.6
506.5
510.7
515.2
518.8
523.0
525.7
531. b
536.0
542.5

88.6
68.9
89.9

256.6
244.4
24D.5

175.9
167.4
168.5

76.3
72. d
73.0

76.4
76.9
80.2

473. O
47b.l
483.3

549.4
555.0
563.6

89.1
89.1

245.4
242.0

167.6
165.4

73.5
72.4

76.6
76.8

477.8
479.0

554.5
555.8

3.4
4.2

88.2
9O.O
90.1
90.1
89.7

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
72.8
72.2

77.6
78.9
79.8
80.5
81.7

480.0
481.7
482.9
483.8
484.4

557.7
560.6
562.7
564.4
566.1

4.8
3.9
4.2
6.9
3.8

90.7
91.5

253.3
257.3

174.2
176.0

74.8
77.4

81.6
81.0

486.7
486.7

r

r

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

568.2
572.0
576.5

4.2
4.2
4.6

WEEK ENDING:
1978-FfcB.

15
ci

MAR.

1
b
15
22
29

APR,

5 P
12 P

r

r

r

568.4
567.7

'

3.6
3.3

I/ TOTAL DEPOSITS INCLUDE* IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER 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