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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

AUG.

10t 1978

IN BILLIONS OF DOLLARS

M!

M2

M4

*3

M! Plus Time
M2Plus
M2Plus
Currency Deposits at Deposits at
Large
Commercial
Plus
Nonbank
Banks
Negotiable
Demand
Thrift
CD's£/
Deposits-!/ Other Than Institutions^/
Large CD's &

Date

MS
M 3 P!us
Large
Negotiable
CD's.2/

M!

M2

*3

M4

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

MS

M 3 Plus
Large
Negotiable
CD's-^

Not Seasonally Adjusted

Seasonally Adjusted
1977 — JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

327.5
329.2
331.6
334.7
334.9
337.2

782.9
787.9
793.8
80O.3
804.2
808.4

1317.2
1330.0
1343.5
1356.8
1366.0
1375.0

845.8
851.1
857.6
866.7
875.1
882.4

1380.0
1393.2
1407.4
1423.2
1436.9
1449.0

329.1
326.9
329.8
334.1
337.1
346.9

785.2
785.5
790.0
797.6
801.7
813.8

1323.5
1328.0
1338.4
1351.9
1359.0
1376.3

848.0
849.9
855.4
865.9
873.3
889.7

1386.3
1392.4
1403.8
1420.2
1430.6
1452.3

1978 — JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY P

340.1
339.9
340.9
346.3
348.6
350.3
351.8

814.8
818.0
821.8
829.7
835. 1
840.3
846.4

1385.4
1392.0
1399.5
1410.9
1419.8
1429.7
1441.6

891.1
897.4
903.9
913.2
922.2
927.2
933.8

1461.7
1471.3
1481.5
1494.3
1506.9
1516.4
1529.0

345.9
334.1
336.2
348.7
343.3
349.3
353.6

819.4
812.8
820.4
836.0
833.6
841.9
848.9

1387.8
1364.9
1399.5
1420.7
1420.3
1435.2
1448.6

895.8
889.7
900.6
917.4
918.2
928.1
936.2

1464.2
1461.8
1479.7
1502.0
1505.0
1521.4
1535.9

351.7
351.1
349.2
350.0

841.0
840.7
839.4
841.3

928.4
928.0
925.6
927.1

350.4
351.8
349.0
344.8

843.1
844.8
840.8
837.3

929.5
931.3
926.4
923.5

b
12
19
26 P

353.9
352.0
r 349.2
352.0

846.5
845.3
r 843.7
847.8

933.4
933.1
931.4
935.1

358.4
355.8
r 353.3
349.2

852.5
850.1
848.2
r845.4

939.8
937.4
r 935.6
932.7

2 P

353.1

849.9

936.7

352.0

849.1

936.4

MEEK

ENDING:

1978-JUNE

JULY

AUG.

7
14
21
28

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; 12) 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 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 BANK, SAVINGS AND LOAN SHARES*
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 Staticticaf Raiaata H.6
Table 2

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

DATE

"i

M2

C u r r e n c y Plus
Demand Deposits-1-/

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

"3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

LY

FROM*

R.

1978

(3 MONTHS PREVIOUS)

6.4

8.1

8.7

N.

1978

(6 MONTHS PREVIOUS)

6.9

7.8

8.1

LY

1977

(12 MONTHS PREVIOUS)

7.4

8.1

9.4

JR WEEKS ENDING: AUG.
ROM FOUR WEEKS ENDING:
M A YY

3,

2,

M

*4

M2 Plus Large

Negotiable CD's-7

9.0
9.6
10.4

5

M 3 Plus Large
Negotiable CD's^

9.3
9.2
10.8

1976

1978(13 WEEKS PREVIOUS)

5.0

7.6

8.3

3.

1, 1978(26 WEEKS P R E V I O U S )

6.8

7.8

9.6

S.

3t

7.2

8.0

1977(52 WEEKS PREVIOUS)

10.3

I/ I N C L U D E S (1) D E M A N D D E P O S I T S AT ALL C O M M E R C I A L B A N K S O T H E R THAN THOSE DUE TO DOMESTIC C O M M E R C I A L BANKS AND THE U.S.GOVERNMENT,
L E S S C A S H I T E M S IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND B A L A N C E S AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
T H E T E A S U R Y , P.R.BANKS A N D V A U L T S O F A L L C O M M E R C I A L BANKS.
2/ I N C L U D E S t IN A D D I T I O N TO C U R R E N C Y AND D E M A N D DEPOSITS, S A V I N G S DEPOSITS, T I M E DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
D E P O S I T S O T H E R T H A N N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T ISSUED IN D E N O M I N A T I O N S OF $100,000 OR MORE BY LARGE WEEKLY REPORTI N G C O M M E R C I A L BANKS.
3/ I N C L U D E S M2, PLUS THE A V E R A G E OF THE B E G I N N I N G AND END OF MONTH DEPOSITS OF M U T U A L S A V I N G S BANKS, SAVINGS AND LOAN SHARES, AND
C R E D I T U N I O N SHARE'S.
4/ I N C L U D E S M2, PLUS N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN D E N O M I N A T I O N S OF $100,000 OR MORE.
5/ I N C L U D E S M3, PLUS N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN D E N O M I N A T I O N S OF $100,000 OR MORE.
N O T E : A L L R A T E S O F C H A N G E A R E B A S E D O N D A I L Y A V E R A G E D A T A ; R A T E S O F C H A N G E A R E N O T COMPOUNDED.




FEDERAL RESERVE Statistical Ralaaaa H.f

Tatla 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
Sf A90HAUY ADjy$TEOv IM SHUON! Of DOLLAIIS
Ti«aa a»4 Savings Dapatitt
Date

Currency

Demand Deposits

CD's^

Othtr

Total

N on bank
Thrift Institutions2'

1977 — JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

85.1
65.5
86.3
87.1
87.7
88.6

242.3
243.7
245.3
247.6
247.2
248.6

62.8
63.2
63.8
66.4
70.9
74.0

455.5
458.7
462.1
465.6
469.3
471.2

518.3
521.9
525.9
531.9
540.2
545.2

534*3
542.1
549.8
556.5
561.7
566.6

1978 — JAN.
FEB.
MAR.
APR.

89.4
90.1
90.7
91.3
92.2
92.9
93.3

250.7
249.8
250.2
255.1
256.4
257.4
258.5

76.3
79.4
82.0
83.4
87.1
86.7
87.4

474.7
478.1
460. 9
483.4
466.5
490.1
494.6

551.0
557.5
562.9
566.8
573.6
576.8
582.0

570.7
574.0
577.7
581.2
584.7
569.3
595.2

92.9
92.8

258.9
258.3
256.3
256.8

87*4
87.4
86.2
85.8

469.3
469.6
490.2
491.3

576.7
576.9
576.4
577.1

86.9
87.8
87.8
87.3

492.5
493.3
r 494.5
r 495.8

579.4
561.1
r 582.3
r 583.1

86.8

496.9

HAY
JUNE
JULY P

WEEK ENDING:
1978-JUNE

JULY

AUG.

7
14
21
28

V.9
93.2

26 P

93.5

260.8
258.7
r 255.9
258.6

2 P

93.6

259.4

5
12
19

93.1
93.3

r93.2

583.6

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE 8Y LARGE WEEKLY REPORTING COMMERCIAL 8ANKS.
2/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKSt SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.

p - PRELIMINARY;




R - REVISED

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN DULIONS Of DtUAftS
Demand Deposits
Date

Currtncy

Total*

Tin* a*4 Savings Deposit

Member

Domestic
•^
1— *
VWWwVWffW

167.7
166.3
167.5
170.0
170.3
176.3

71.4
70.8
71.8
72.8
74.1
76.2

m

CD's*

Other

62. §
64.5
65.4
68.3
71.6
75.9

456.1
458.6
460.2
463.5
464.5
466.9

Total

Nonbank
Thrift
Institutions^/

U.S. Gov't
Demand^

518.8
523.0
525.7
531.9
536.1
542.8

538.3
542 .5 .
548.4
554.2
557.3
562.5

3.6
3*4
5.0
3.7
3.5
5.1

568.4
572.1
579.1
584.6
586.7
593.3
599.8

4.3
4.3
4.7
4.9
3.9
6.1
4.3

1977 — JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

85.8
85.9
86.2
86.9
88.4
90.1

243.3
241.0
243.6
247.1
248.7
256.8

1978 — JAN.
FEB.
MAR.
APR.

88.7
89.0
90.0
91.1
92.0
93.0
94.1

257.2
245.0
246.2
257.6
251.3
256.3
259.5

175.8
167.3
168.4
175.7
171.2
174.0
176.0

76.9
73.6
73.8
77.8
76.2
78.3
79.5

76.4
76.9
80.2
81.4
84.6
86.3
87.3

473.5
478.8
484.2
487.3
490.3
492.6
495.3

549.9
555.7
564.4
568.7
574.9
578.9
582.6

7
14
21
28

93.3
93.3
92.9

257.0
258.6
256.0
252.4

174.3
175.5
173.4
171.6

78.6
79.2
78.7
77.0

86.4
86.5
85.6
86.2

492.7
493.0
491.8
492.4

579.1
579.5
577.5
578.7

5
12
19

94.4
94.8
94.1
93.5

180.5
175.7
r 175.5
173.6

79.2
81.2
79.9
78.1

87.3
87.2
87.3
87.4

494.1
494.3
r 494.9
r 496.2

581.4
581.6
r 582.2
r 583.6

7.6
4.4
3.4
3.3

176.1

78.4

87.3

584.4

3.7

MAY
JUNE
JULY P

|

I
!
j

WEEK ENDING:
1976-JUNE

JULY

26 P
AUG.

2 P

92*5

93*6

264.0
261.0
r 259.2
255.7
258.4

497.1

3.3
2.9
11.8

5.9

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 ANO 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 ANO END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS* SAVINGS AMD LOAM SHARES, AND CREDIT UNION SHARES.

5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P - PRELIMINARY; R - REVISED