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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Releas* H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

AUG.

25, 1977

IN BILLIONS OF DOLLARS

MX

M2

M4

M3

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

Date

MS

M!

M3 Plus
Large
Negotiable
CD's5/

Currency
Plus
Demand
Deposits^

M2
M4
M3
MI Plus Time
M 2 Plus
M 2 Plus
Deposits at Deposits at
Commercial Nonbank
Large
Banks
Negotiable
Other Than
CD's4/
Institutions^
Large CD's-2/

M 3 Plus
Large
Negotiable
CD's-5/

Not Seasonally Adjusted

Seasonally Adjusted
1976 — JULY

MS

305.0
306.5
306.9
310.4
310.4
312.4

705.2
710.4
716.3
725.9
732.3
740*3

1168.8
1180.8
1193.9
1210.7
1223.4
1237.1

774.1
775.4
779.4
788.2
794.6
803.5

1237.7
1245.6
1257.0
1273.0
1285.6
1300.3

305.4
303.5
304.9
309.3
312.3
321.3

705.7
707.2
712.6
722.9
730.0
745.3

1173.2
1178.1
1188.6
1205.0
1216.3
1237.9

774.5
773.5
777.9
787.1
792.8
809.5

1242.1
1244.4
1253.9
1269.2
1279.2
1302.1

313.8
314.0
315.4
320.5
320.7
321.9
326.6

746.3
750.7
756.1
764.6
767.6
772.8
783.5

1246.9
1258.2
1266.1
1281.2
1289.0
1299.5
1316.7

809.3
814.0
816.2
826.2
829.9
836.8
846.3

1312.0
1321.5
1330.3
1342.8
1351.3
1363.4
1379.5

319.7
309.9
312.4
322.3
315.5
321.4
327.2

751.2
747.2
756.2
770.0
766.2
774.5
784.0

1251.4
1253.1
1269.6
1290.2
1290.3
1305.7
1321.9

614.3
806.5
817.0
330.1
827.4
837.5
846.8

1314.5
1314.4
1330.7
1350.3
1351.4
1368.6
r 1384.6

322.4
322.4

774.0
774.6

838.0
839.3

321.9
31B.6

774.9
772.0

837.8
835.6

325.7
324.3
329.0
327.8

780.1
780.7
785.9
766.0

644. 1

13
20
27

329.0
328.3
329.5
323.2

784.1
784.8
786.3
781.2

847.2
647.2
848.7
843.9

3
10 P
17 P

328.7
327.2
327.5

AUG.

SEPT.
OCT.
NOV.
DEC.

1977— JAN.
FEB.
MAR.
APR.
MAY

JUNE
JULY

r

r

r

WEEK ENDING:
1977-JUNE

22
29

JULY

AUG.

6

r

787.0
786.0
786.7

843.6
848.4
646.3

r

849.9
649.3
850.0

r

327.1
326.4
326*3

r

785.2
785.3
785.3

r

846.7
849.4
849.7

,

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 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, AND
CREDIT UNION SHARES.
4/ INCLUDES M2 t PLUS NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIMfc 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
M

DATE

i

vn f\

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

JLY

FROM:

>R.

1977

(3 MONTHS PREVIOUS)

7.9

kN.

1977

(6 MONTHS PREVIOUS)

8.3

JLY

1976

(12 MONTHS PREVIOUS)

7.1

M3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M4

M 2 Plus Large
Negotiable CD's5'

*5
MS Plus Large ..
Negotiable CD'sy

ll.l

9*7

10.9

10.0

10.9

9.1

10.3

ll.i

12.7

9.3

11*5

9.9

3UR WEEKS ENDING:
AUG. 17,1977
:
ROM FOUR WEEKS ENDING:
10.2

kY

18, 1977(13 WEEKS PREVIOUS)

8.6

10.4

:B.

16,

1977(26 WEEKS PREVIOUS)

9.0

10.0

9.2

)G.

18, 1976(52 WEEKS PREVIOUS)

7.1

11.0

9.6

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 CF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; 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, 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 A V E R A G E 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.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY AV&RAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Release 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^

Other

Total

N on bank
Thrift Institutions-2'

1976 — JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

78.1
78.6
79.2
79.8
80.2
80.5

226.9
227.9
227.7
230.6
230.2
231.9

68.9
65.0
63.1
62.3 *
62.2
63.3

400.1
403.9
409.4
415.5
422.0
427.9

469.0
468.9
472.5
477.8
484.2
491.1

463.6
470.5
477.6
484.8
491.0
496.8

1977 — JAN.
FEB.
MAR.
APR.

81.1
81.8
82.2
83.1
83.6
64.0
85.1

232.7
232.1
233.2
237.4
237.1
238.0
241.6

63.1
63.3
62.2
61.6
62.3
63.9
62.8

432.5
436.7
440.6
444.1
446.9
450.9
456.7

495.6
500.0
502.8
505.7
509.2
514.8
519.5

502.6
507.5
512.1
516.6
521.4
526.7
533.2

MAY
JUNE
JULY

r

WEEK ENDING:

1977-JUNE

22
29

84.2
84.6

238.2
237.8

64.0
64.6

451.6
452.2

515.6
516.9

JULY

6
13
20
27

85.0
84.8
84.9
85.3

240.7
239.5
244.1
242.6

64.0
62.8
62.4
62.3

454.4
456.4
456.9
458.1

518.4
519.2
519.3
520.4

AUG.

3
10 P
17 P

85.4
85.4
85.4

243.3
241.9
242.1

62.9
63.3
63.3

r
r

r

458.3
458.8
459.2

r

521.1
522.0
522.5

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

Demand Deposits
Date

Currency

Total^

Member

Time and Savings Deposit

Domestic
Nonmember2f

CD's^/

Other

Total

Nonbank
Thrift
Institutions4/

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

1976 — JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

78.7
78.9
79.0
79.6
80.7
82.0

226.7
224.6
225.9
229.7
231.6
239.3

160.1
158.4
158.9
161.7
162.5
168.5

63.1
62.9
63.8
64.8
65.8
67.3

68.9
66.3
65.3
64.2
62.9
64.3

400.2
403.7
407.8
413.6
417.7
423.9

469.1
470.0
473.0
477.8
480.5
488.2

467.6
470.9
476.0
482.1
486.3
492.6

3.5
3.7
5.0
4.0
4.2
4.7

1977 — JAN.
FEB.
MAR.
APR.

80.5
80.8
81.6
62.8
83.4
84.2
85.7

239.2
229.1
230.9
239.6
232.1
237.1
241.4

168.1
161.0
162.1
167.6
161.8
165.1
167.7

67.5
64.6
65.2
68.3
66.6
68.3
69.5

63.1
61.3
60.8
60.1
61.2
63.0
62.8

431.5
437.3
443.8
447.7
450.7
453.2
456.9

494.6
498.6
504.6
507.7
511.8
516.1
519.6

500.2
505.9
513.6
520.2
524.1
531.1
537.9

4.2
4.4
4.5
5.6
3.8
5.2
3.9

84.3
83.8

237.6
235.0

165.5
163.9

68.4
67.2

62.9
63.7

453.0
453.2

515.9
516.9

8.2
4.5

13
20
27

86.5
86.0
85.5
85.0

242.5
242.3
244.0
238.2

168.8
167.4
169.7
165.8

69.6
70.8
70.0
68.2

63.1
62.4
62.4
62.7

455.1
456.5
456.8
457.9

518.3
518.9
519.2
520.7

3.5
3.6
4.2
4.1

3
10 P
17 P

85.5
66.8
86.2

241.6
239.6
240.0

168.3
166.0
166.6

68.9
69.6
69.7

63.5
64.1
64.4

521.6
523.0
523.5

4.2
3.3
3.3

MAY

JUNE
JULY

WEEK

r

ENDING:

1977-JUNE

22
29

JULY

AUG.

6

r

r

458.1
458.9
459.1

r

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