Full text of H.6 Money Stock Measures : April 6, 1967

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FEDERAL
statistical

RESERVE

release

a

t JtT

H.6

For Immediate r e l e a s e
A p r i l 6 ? 1967

The s e a s o n a l l y a d j u s t e d money s u p p l y i n c r e a s e d s h a r p l y t h r o u g h o u t March
t o a new h i g h , a v e r a g i n g $172 8 b i l l i o n f o r t h e month. Time d e p o s i t s a d j u s t e d
c o n t i n u e d t o expand r a p i d l y a l t h o u g h t h e a n n u a l r a t e of growth in t h e s e d e p o s i t s
slowed to a b o u t 15 p e r c e n t i n ?*±arch from 20 p e r c e n t in t h e p r e c e d i n g two months.

MONEY SUPPLY AM) TIME DEPOSITS
( A v e r a g e s of d a i l y f i g u r e s , i n b i l l i o n s of
Seasonally adjusted

' "

Period

Total

1966—March
April
May
June
July
August September
October
Njovember
December

169.3
170.9
170.2
171-1
16 9'. 6
169*6
170.5
169.6
169.2
170.3

!
j
1
I
1

1967—jjanuary
February
March p
Week eroding;
1967—Fjeb. 22
Mar.

1
8
15
22
29

|
p
p
p
p

Average of l a s t 4 weeks
NOTE: Components may n o t
s e a s o n a l a d j u s t m e n t s and
* - Break i n s e r i e s , for
p - Preliminary.




1

M

dollars)

"

—

.

.

'• •

- . • . — • — . . . . .

Money S u p p l y
Currency
j

Demand d e p o s i t

component

component

Time d e p o s i t s
adjusted
|
( A l l comraerc i a l banks)

1

37.7

!
1
:
;

37.8
37.9
38.0
38.0
38.3

132.3
133.7
132.9
133.7
131.9
"131.8
132.6
131.7
131.2
132.1

169.6
170.4
172.8

38.5
38.7
39.0

131.1
131.7
133.9

171.8

38.8

133.1

171.0
171.9
173.0
172.7

38.7
38.9
39.0
39.0
39.1

132.3
133.0
134.0

1

133.7

1

173.7

36.9
37.2
37.3
37.4

!

134.6

1

j

149.5
151.4
153.0
153.7*
155.3
156.6
157.1
156.8
156.8
158.0
160.5
163.2
165.3
163.6
163.8
164.5
165.. 1
165.5
166.0

165.3
133.8
1
39.0
172.8
add due t o r o u n d i n g . See r e v e r s e s i d e f o r d a t a w i t h o u t
f o r d e s c r i p t i o n of s e r i e s .
'
d e s c r i p t i o n s e e f o o t n o t e on r e v e r s e s i d e .
j

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars.

Not seasonally adjusted.)

| R e l a t e d deposits
CA11 commercial banks)
1 Demand d e p o s i t / Time
j U . S . Gov't
component
adjusted
demand

Money Supply
Period

(

Currency
component

Total
1966--March
April
May
June
July
August
September
October
November
December

171.0
175.2

36.6
36.8
37.0
37.3
37.8
37.9
37.9
38.1
38.5
39.1

131.3
134.8
129.9
131.5
130.1
129.1
131.5
132.1
132.5
136 .2

150.2
152.2
153.9
154.1*
155.8
157.0
156.9
156.6
155.6
156.3

1967--January
February
March p'

174.6
170.0
171.4

38.4
38.3
38.6

136.2
131^.7
132.8

160.0
163.3
166.1

4.2
5;1
4.!9

Week e n d i n g :
1967—Feb. 22

168.8

38.3

130.5.

163.8

5.0,

168.7
170.0
171.6
173.0
170.8

38.1
38.7
38.6
38.6
38.4

130.6
131.3
133.0
134.4
132.4

164 ll

Mar.

1
8
15
22
29

j

167.8
171.6
166.9
168.8
167.9
166.9
169.4

170.1

p
P
p
p

|
1
!

1

j

!

!

165:i
166 JO
166.3

i

167.0

1

4.6
3.1
7.2
6.3
8.2
5.2
4.4
4.8
3.7
3.5

5.3
4.3
3 . 1 '•
5':3',

6J9

I

i

i

!

i

* - Effective June 9- 1966, balances accumulated for payment of personal loans were
reclassified for r^gferve purposes and are excludedLJ:;rom time deposits .reported by
member banks. The estimated amount of such deposits at all commercial banks ($1,140
million) is excluded from time deposits adjusted thereafter.
*p -/Preliminary.
NOTE: Money supply consists of (1) demand deposits at all commercial banks, other
than those due to domestic commercial banks and the U.S Government, less cash items
in process of collection and Federal Reserve float; (2) foreign demand balances at
Federal Reserve Banks; and (3) currency outside the Treasury, the Federal Reserve and
the vaults of all commercial banks. Time deposits adjusted are time deposits at all
commercial banks other than those due to domestic commercial banks and the U.S.
Government.