Full text of H.6 Money Stock Measures : August 4, 1966

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FEDERAL
statistical

RESERVE

release

^JSLRP*

H. 6

For immediate release
August 4,, 1966

The s e a s o a a l l y ^ a d j u s t e d money supply declined $1.5 b i l l i o n in July, reversing
most of the June expansion. ^TiffiTUeposits at a l l commercial banks increased $1.8
b i l l i o n i n July ( a f t e r adjustment for a change in d e f i n i t i o n ) , about $500 million more
than the May-June i n c r e a s e s .
MONEY SUPPLY AND TIME DEPOSITS
Averages of d a i l y f i g u r e s , i n b i l l i o n s of d o l l a r s
Seasonally adjusted

!
Period

Money Supply
f

—

Total

Currency
component
35.0
35.2
35.4
35.6
35.9
36.1
36.3

^^aHHMaaBiaMaB^^MamanWHHMiaaiMWHHWBI^

1965—June
July
August
September
October
November
December
19 66— January
February
March
April

ifay

June
July p

!
i
;
1

161.8
162.5
162.7,
164.3
165.6
165.7
167.4
^68 4
168.0
169.2
171.1
169.5
171.1
169.6

36.7

1

36.8

36.9
37.1
37.3
37. Si*
37.6 i

I

Demand deposit
component
126.8
127.3
127.3
128.7
129.7
129.6
131.2
131.8
131.2
132.3
134.0
132.2
133.8
132.0

Time deposits
adjusted
(All commercial
banks)
135.9
137.6
140.1
141.6
143.6
145.5
147.0
148.0
148.8
149.6
151.6
152.9
153.3*
154.9*

Week ending:
1966--June 1
168.9
37.3
131.6
153.6
133.2
153.8
37.3
8
!
170.5
1
!
133.2
152.8*
170.6
15
1
37.4
135.4
152.9*
172.8
37.4
22
133.3
;
153.4*
37.4
|
170.6
| 29
133.8
153.9*
37.4
171.2
July 6
1
131.9
154.6*
37.6
169.5
j
13 p
|
132.1
155.1*
37.7
169.J
!
20 p
131.0
1
155.5*
37.7
j
168*7
i
27 p
|
37.6
132.2
154.8*
Average o f l a s t weeks
169«S
* E f f e c t i v e June 9, balances accumulated fpr payment of personal loans were r e c l a s s i f i e d
for r e s e r v e purposes and a r e excluded from time d e p o s i t s reported by member banks. The
estimated amount of such d e p o s i t s at a l l commercial banks ($1,140 m i l l i o n ) Is excluded
from time d e p o s i t s adjusted beginning with the week of June 15 *
NOTE: Components may not add due to rounding* See reyerse side of data without
seasonal adjustment and f o r d e s c r i p t i o n of s e r i e s .
p - Preliminary.



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

Not seasonally adjusted.)

Money Supply

I R e l a t e d deposits
1 (All commercial banks)
Currency 1 Demand d e p o s i t 1
Time
1 U. S. Gov't*
component
component
1
demand
1 adjusted

Period
Total
1965—June
July
August
September
October
November
December
1966--January
February
March
April
May
June
July p
Week ending.:
1966--May
4
11
18
25

159.6
160.9
160.5
163.2
1 165.8
167.4
172.0
173.0
167.8
j 167.8
171.6
166.9
168.8
167.9

|
i
|

|

34.9
35.4
35.5
35.6
36.0
36.5
37.0

124. 6
125.6
. 125.0
127.5
129.8
130.9
135.a

36.5
36.3
36.5
36,8
37.0
37.3
37.8

136.5
131.5
131.3
134.8
129.9
131.5
130.2

I
;

I
!

136.6
138.3
140.2
141.4
, 143.5
i 144.4
145.3
147.4
148.7
150.2
152.2
153.9
154.1*
155.7*

9.3
9.1
7.4
5.6
5.0
4.0
4.5
3.7
5.1
4.6
3.0
7.2
6.2
8.0
i

170.2
168.8
166.8
164.6

36.7
37.2
37.0
36.8

133.5
131.6
129.8
127.8

;
!

153.1
153.5
153 ;•«
154.2

June

1
8
15
22
29

1 165. 6
167.7
1 169.8
I 171.0
166.7

37.0
37.4
37.4
37.4
37il

128.6
130.2
132.4
133.7
129.6

154.6
154.7
153.7*
153.5*
154.1*

July

6
13 p
20 p
27 p

J 168. 6
1 168.0
168.4
167.4

37.9
38.0
37.8
37.5

130.8
129.7
130.6
129.3

154.8*

J
I

i
1

5.9
6.4
7.7
7.7
7.2
5.7
3.2
5.2
9.9
10.8
9.0
6.7
7.2

155.3*
15§.8*
156.2*

11

* Effective June 9, balances accumulated for payment of personal loans) were reclassified
for reserve purposes and are excluded from time deposits reported by member banks. The
estimated amouirt^of such deposits at all commercial banks ($1,140 million) is excluded
from time deposits adjusted beginning with the week of June 15.
pi- 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) currenty 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*