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REVISION Revision - See Federal Reserve Bulletin August 1967, 1959-62 FEDERAL statistical " 0 RESERVE release ^ ^ H.6 For immediate release August 31, 1967 The money supply series and related data have been revised to reflect changes mjseasonal factors for recent years and benchmark adjustments for 1966 J./ Growth in poney supply on the revised basis for the first 7 months is estimated at a 7.5 per cent seasonally adjusted annual rate, compared with a 6.9 per cent before revision. For the three weeks ending August ~23, the revised money supply averaged $1.2 Billion above the July level. Commercial banks time deposits increased $2 2 bullion in! July on both the ol-d and1 revised basis, and these deposits have increased $2 J 4 billion further on average in the three weeks ending August 23 MONEY |SUPPLY AND TIME DEPOSITS (Averages of daily figures, in billions of dollars) Seasonally adjusted [ _ Period . Currency component Total 1966—July August September October November December j 1 169;9 170.1 170.5 170.1 170.1 170.4 £_ 1 37.7 37.8 37.9 38.0 38.1 38.3 Demand d e p o s i t component Time( d e p o s i t s adjusted ( A l l commercia banks) 132.3 132.4 132.6 132 1 132.0 132.1 155 7 156.9 157 4 157 6 157 4 158.6 39.3 39.5 131.8 132.8 134.2 133.6 135 3 136.8 138.4 160 163 166 168 170 172 174 • 8 5 1 1 0 4 6 1967—January February March April May June July p 170.3 171.5 173.1 172.7 174.5 176.2 177.9 Week ending: 1967—July 5 12 19 26 p 177.5 178.1 177.7 177.9 39.4 39.5 39 4 39.4 138.2 138.6 138 3 138.5 173 5 174 2 174 7 174.9 178.3 178.8 179.2 179.2 39.4 39 5 39.6 39.6 138.9 139 3 139.6 1-39 7 175 6 176 6 177 1 177.4 Aug. 2 9 16 23 p P p p | 38.5 38.7 38.9 39.1 1 39.2 176 7 139 4 j 39.5 | 178.9 1 Average of l a s t 4 weeks NOTE- Components may not add due to rounding*. See reverse side for data without seasonal Adjustments and for description of series p - Preliminary* 1/ Revised monthly and weekly seasonally adjusted data, as well as a description of ~ the revision appear m the August Federal Reserve Bulletin to*be released on Thursday, August 31, 1967 DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS (Averages of daily figures, in billions of dollars. Not seasonal!^ adjusted.) Money S u p p l y Period Related d e p o s i t s (All commercial b a n k s ) U.S. Gov't Time ! demand adlusted 8.0 156^2 5.1 15714 4.3 157L4 4.8 157 Ll 3.7 15611 3.4 156l9 Total Currency component Demand d e p o s i t component 1966--Julv August September Oct ^ber November December 168.0 167.0 169.7 170.5 171.5 175.8 37.8 37,. 8 37.9 38.1 38.5 39.1 130.1 129.2 131.8 132.4 133.0 136.7 1967--January February March April 175.3 170.6 1 7 1 . ,9 173. ,6 171. 1 174. .3 1 7 5 . .9 38. 38. 38. 38. 38. 39. 39. 136.8 132.3 133.4 134.9 132.2 135.1 136.2 160l7 16410 168i8 170i8 173! 0 17511 4.1 5. 4. 4. 6. 3. 5. 26 p 175 175. 176. 174.8 39.6 39.9 39 ,6 39 ,4 136.1 136.0 136.6 135.4 174.2 174.4 175. .2 175. ,6 5.0 4'.7 6.1 6.6 2 9 16 23 176.7 176.2 176.5 174.8 39. 3 39 9 39.8 39.7 137 136 136 135 .4 3 7 .1 176. 177. 177. 178.0 5.4 5.5 3.9 4.4 1 Mgy June July p Week ending* 1967--July August 5 12 19 P p p p I o - 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 t m e deposits at all commercial banks other than those due to domestic commercial banks and the U S Government
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