Full text of H.6 Money Stock Measures : April 26, 1979

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F E D E R A L

R E S E R V E

release

Table 1

U ft

FEDERAL RE8ERVE Statistical

statistical

For Immediate Releaaa

MONEY STOCK MEASURES
APR. 26, 1979

IN BILLIONS OF DOLLARS

M-1

M-1 +

M-2

M-3

M-1 Plus
M-1 Plus
Time
M-2 Plus
Savings
Currency
Deposits at Deposits at Deposits at
Plus
CB's and
Nonbank
Commercial
Demand
Thrift
Deposits J / Checkable Banks Other
Deposits at Than Large Institutions^/
CD's 2/
Thrift Inst. 2J

Date

1978—MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAP.

343.2
347.9
350.7
352.5
354.5
357.0
361.1
361.6
361.0
361.5
359.9
358.3
r 359.0

566.4
572.1
576.1
5^8.6
580.0
583.4
589.4
589.7
587.?
586.4
582.3
578.9
578.1

822.6
830.3
836.7
842.6
848.7
856.9
866.2
870.9
874.3
876f 3
875.4
877.1
879.8

1400.3
1411.9
1422.0
1433.1
1444.6
1458.4.
1474.7
1485.5
1493.8
1500.6
1504.1
1510.0
1517.6

M-4

M-5

M-2 Plus
Large
Negotiable
CD's-S/

M-3 Plus
Large
Negotiable
CD'sS/

904.0
91?.8
922.9
929.3
936.7
944.5
954.8
959.6
969.7
972.9
975.9
979.2
978.8

1481.7
14O5.3
1508.2
1519.8
1532.6
1546.0
1563.2
1574.1
1589.2
1597.3
1604.6
1612.2
1616.6

M-1

M-1 +

M-2

M-3

M-1 Plus
M-1 Plus
M-2 Plus
Savings
Time
Currency
Deposits at Deposits at Deposits at
Plus
Nonbank
Commercial
CB's and
Demand
Thrift
Deposits 1/ Checkable Banks Other
Deposits at Than Large Institutions^/
Thrift Inst. 1/ CD's .3/

338.2
350.9
345.5
351.8
356.3
354.4
359.0
361.4
363.0
371.6
365.7
352.0
r 353.8

5b2.6
571.6
572.7
579.5
583.7
5 80.8
585.3
587.8587.4
594.4
587.3
571.5
r 574.1

821.1
837.0
834.9
844.0
851.4
853.8
861.7
868.2
871.6
882.0
380.1
871.4
878.5

1400.0
1421.3
1421.3
1436.8
1450.2
1455.5
1469.2
1481.6
1487.8
1503.3
1507.2
1502.5
1517.5

M-4

M-2 Plus
Large

M-5

Negotiable

M-3 Plus
Large
Negotiable

CD'sS/

CD's &

901.4
918.3
919.5
930.3
938.8
941.8
952.0
959.0
968.0
981.6
981.2
970.9
976.0

1480.2
1502.7
1506.0
1523.1
1537.6
1543.5
1559.5
1572.4
1584.2
1602.9
1608.3
1602.0
1615.0

WEEK E N D I N G :

1979-FEB.

21
28

358.3
356.4

578.3
576.3

876.9
876.0

979.3
978.4

350.5
345.4

570.0
564.7

870.6
866.7

970,0
965.8

MAR.

7
14
21
28

360.2
358.8
359.7
358.8

580.0
578.3
578.6
577.2

879.7
879.1
879.7
880.7

981.0
979.2
978.5
977.8

355.7
355.3
354.2
349.2

575.4
575.3
574.3
569.8

878.1
879.4
878.3
875.3

976.8
977,5
975.7
972.0

APR.

4
IIP
18P

359.3
r 361.5
365.6

578.4
r 581.0
584.7

r 883.1
886.8
891.0

r 979.3
982.7
986. 2

360.4
r 367.1
373.6

582.5
590.3
595.1

889.0
897.6
902.7

984.7
r 991.9
995.2

1/ INCLUDES <1) DEMAND DEPOSITS AT ALL COMMERCIAL 3ANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENTf
LESS CASH ITEMS IN THH PROCESS OF COLLECTION *ND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS, NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN' ADDITION TO CURRENCY AND DEMAND OF.PQSITS, SAVINGS DEPOSITS, TIME DEPOSITS npc^ 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.
4/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARFS.
5/ INCLUDES M2, PLUS NFGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
P - PRELIMINARY; R - REVISED




Tabto2

FEDERAL RESERVE Statistical Release H.6




MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

Date

MAR.

FROM:

OEC.

1978

(3 MONTHS PREVIOUS)

SEPT.

1978

(6 MONTHS PREVIOUS)

MAR.

1978

(12 MONTHS PREVIOUS)

M-1

M-1+

M-2

M-3

M-4

M-5

Currency
Plus
Demand
Deposits^

M-1 Pius Savings
Deposits at CB's
and Checkable
Deposits at
Thrift Inst 2/

M-1 Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's 3/

M-2 Plus Deposits
at Nonbank Thrift
Institutions!/

M-2 Plus Large
Negotiable CD's §/

M-3 Plus Large
Negotiable CD's a/

-2.3
-1.2
4.6

-5.7
-3.8
2.1

1.6

4.5

2.4

4.8

3.1

5.8

5.0

6.8

7.0

8.4

8.3

9.1

FOUR WEEKS ENDING: APR. 1 8 , 1979
FROM FOUR WEEKS ENDING:
JAN.

1 7 , 1979(13 WEEKS PREVIOUS)

O.I

-3.3

4.2

2.9

OCT.

1 8 , 1978(26 WEEKS PREVIOUS)

-0.4

-3.4

3.6

5.0

1.9

7.0

7.9

APR.

1 9 , 1978(52 WEEKS PREVIOUS)

4.5

1/ INCLUDES (1) DEMAND DFPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTIOM AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURYt F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONSt CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, 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.
4/ 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.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ 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 AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.

FEDERAL RESERVE Statistical R I I M N H.6

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJUSTEDJN BILLIONS OP DOLLARS
Time and Savings Deposited
n,,,,

Currency

Date

1978—MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR.

WEEK

Nnnhank

mi.!

Demand
Deposits

Time Deposits
Savings &
CD'8-2/

Other

Total

90.7
91.3
92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
98.2
98.9
99.4

252.5
256.6
258.8
260.0
261.3
263.0
265.9
265.8
264.4
264.1
261.7
259.9
259.6

81.5
83.4
86.2
86.7
88.0
87.6
88.5
88.6
95.4
96.6
100.5
102.1
99.0

258.5
260.8
263.2
266.6
271.4
276.2
279.6
284.1
289.9
292.8
295.9
300.9
304.4

220.9
221.7
222.8
223.5
222.8
223.7
225.5
225.2
223.4
222.0
219.6
217.4
216.3

560.8
565.9
572.2
576.8
582.2
587.5
593.7
597.9
608.8
611.4
616.0
620.4
619.7

Thrift
Institutional

577.7
581.5
585.3
590.5
595.9
601.5
608.5
614.6
619.5
624.3
628.7
633.0
637.8

ENDING:

1979-FEB.

21
28

98.8
99.1

259.5
257.3

102.4
102.4

301.4
302.4

217.3
217.1

621.0
622.0

MAR.

7
14
21
28

99.5
99.1
99.4
99.6

260.7
259.7
260.3
259.2

101.3
100.2
98.8
97.0

302.5
303.6
303.8
306.3

216.9
216.7
216.2
215.6

620.8
620.5
618.8
619.0

APR.

4
11 P
18 P

100.0
99.8
100.2

259.8
r 261.7
265.5

96.2
95.9
95.1

307.4
•r 308.6
309.1

215.9
r 216.8
216.3

619.5
621.2
620.5

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
4/ 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 Reserve 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^

1978—MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR.

Member

Domestic 3/
Nonmember

Total

Other
Checkable
Deposits

563.2
567.4
574.1
578.5
582.4
587.5
593.1
597.6
605.0
609. o
615.5
618.9
622.2

2.3
2.5
2.6
2.6
2.7
2.7
2.8
2.8
2.9
2.9
2.8
2.8
2.8

Time Deposits

CD's*/

Savings^
Other

89.9
91.0
91.9
92.8
93.9
94.2
94.9
95.6
97.2
99.1
97.4
97.6
98.6

248.2
259.9
253.6
259.0
262.4
260.2
264.1
265.8
265.7
272.5
268.3
254.4
255.2

170.0
177.3
172.7
175.8
177.9
176.2
178.3
179.3
178.3
182.9
179.2
169.5
r 170.3

74.3
78.5
77.0
79.2
80.5
80.1
81.9
82.7
83.7
85.6
84.9
81.0
80.8

80.2
81.4
84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5
101.1
99.6
97.5

260.8
261.9
264.8
267.1
270.5
275.7
279.2
283.3
287.1
290.5
295.6
302.6
r 307.2

222.1
224.2
224.6
225.1
224.7
223.7
223.6
223.5
221.5
219.9
218.8
216.7
217.5

r

Nonbank
Thrift
Institutions

578.8
584.3
586.4
592.8
598.8
601.7
607.5
613.4
616.2
621.3
627.1
631.1
639.0

U.S.
Gov't.
Demand^

4.8
5.0
4.0
6.2
4.5
3.6
6.2
4.3
8.0

10.2
12.0
8.3

r 6.5

WEEK ENDING :
1979-FEB.

21
28

97.8
96.9

252.7
248.5

167.7
164.3

81.1
80.1

99.4
99.1

303.4
304.8

216.7
216.5

619.4
620.4

7.2
7.5

MAR.

7
14
21
28

98.9
98.7
98.6
98.0

256.8
256.6
255.6
251.2

171.2
170.8
170.9
167.9

81.6
81.5
80.7
79.4

98.7
98.2
97.4
96.6

305.5
306.8
306.8
308.3

216.9
217.3
217.3
217.8

621.1
622.3
621.5
622.8

6.6
3.5
9.9
7.4

4

90.3
100.7
100.5

2.61.1
266.5
273.2

174.6
177.4
181.9

82.5
85.4
87.5

95.7
94.3
92.5

309.2
310.1
310.4

219.4
220.4
218.7

r 624.4

A«>P.

UP
18P

624.8
621.5

4.3

r 2.6
5.9

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ TOTAL DCMAND 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.
3/ PASFQ ON MOST RECFNT CALL REPORT DATA.
4/ INCLUr^S NEGOTIABLF TIME CERTIFICATFS OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING
COMMERCIAL BANKS.
5/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
6/ INCLUDES NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
If AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
8/ U.S. GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS. INCLUDES TREASURY NOTE BALANCES, BEGINNING NOVEMBER 2, 1978.
P - PRELIMINARY; R - REVISED




Special Supplementary Table
Savings Deposits Authorized for Automatic Transfer
(ATS) and NOW Accounts in New York State at
Insured Commercial Banksi/
(amounts outstanding, millions of dollars)

March

1/

2/

ATS Accounts—'

NOW Accounts in New York State-'

21

5705

1120

28

5790

1155

4

6255

1330

April
1/

2/

11
6385
1405
Excluding commercial banks in Massachusetts, New Hampshire, Connecticut, Rhode
Island, Maine and Vermont.
Estimates are based on data collected by the Federal Reserve and the FDIC from
a stratified random sample of 351 commercial banks.