Full text of H.6 Money Stock Measures : December 22, 1966

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FEDERAL
statistical

RESERVE

release

H.6

For immediate release
December 22, 1966

The seasonally adjusted money supply declined $600 million in the week
ending December 14. In the first half of December, money supply averaged $169.3
billion, $100 million above the November level. Time deposits adjusted increased
$600 million in the latest week, the first significant expansion in these deposits
since mid-August.
MONEY SUPPLY AND TIME DEPOSITS
Averages of daily figures, in billions of dollars
Seasonally adjusted
[
Period

Money Supply
Currency
component

Total
t

Demand deposit
component
1

1965—November
December
1966—January
February
March
April

j

1

May

June
July
August
September
October
November p
Week ending:
1966—Nov. 2
9
16
23

30 p
Dec ^ 7 p
14 p

I
|

• •

'

'

I

| Time deposits
adjusted
(All commercia
1
banks) ,
V

165.6
167.2

36.1
36.3

129.5
130.9

145.5 !
146.9

168.0
168.2
169.3
170.9
170.2
171.1
169.6
169.6
170.5
169.6
169.2

36.6
36.8
36 .9
37.2
37.3
37.4
37.7
37.8
37.9
37.9
38.0

131.4
131.4
132.3
133 . f
132.9
133.7
132.0
131.8
132.6
131.7
131.2

147.8
148.5
149.5
151.4
153.0
153.7*
155.3
156.6
157.1
156.8
156.9

131.1
130.9
130.8
131.3
131.3
131.5
130.8

156.7
156.7
156 .9
156.9
156.9
156.9
157.5

168.9
168.8
168.9
169.3
169.4
169.6
169.0

}

!

|

37.8
38.0
38.1
38.0
38.1
38.0
38.2

1
|

!
[

157.1
131.2
1
38.1
1
169.3
i
Average of l a s t & weeks 1
NOTE: Components may not add due to rounding. See reverse side for data without
seasonal adjustments and for description of series,
9 ^
* Break in series, for description see footnote on reserve side.
p - Preliminary.




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars. Not seasonally adjusted.)

I

1

Money Supply

Period
Total

1 Currency
component

1965 —November
December

167.3
172.0

36.5
37.1

130.8
134.9

1966--January
February
March
April
May
June
July
August
^September
October
November p

173.0
167.8
167.8
171.6
166.9
168.8
167.9
166.9
169TS170.1
171.0

36 J

136.5
131.4
131.3
134.8
129.9
131.5
130.1
129.0
I3T75
132.1
132 .5

Week ending:
1966—Nov. 2
9
16
23
30 p
Dec.

1

7 p
14 p

i

I

i
1

1 Demand deposit
i[
component

36.4
36.6
36.8
37.0
37.3
37.8
37.8
3T7SF

38.0
38.5

1

Related d e p o s i t s
{All commercial banks>
Time
| U.S. G o v ' t .
1 Hemand
adjusted
4.1
4.6

144.3
145.2
147.3
148.7
150.2
152.2
153.9
154.1*
155.8
| 157.0
! 156.9
j 156.6
155.6

j

1

5.2

1

4.5
4.8
3.7

171.1
171.0
171.3
170.4
170.7

37.8
38.5
38.6
38.6
38.6

133.3
l!32.5
132.8
131.8
132.1

155.6
155.3
155.5

4.7
4.6
3.2
3.3
3.5

172.5
173.9

38.9
39.1

133.6
134.8

155.5
155.9

3.5
2.3

1

156.2

3.8
5.2
4.6
3.1
7.2
6.3
8.1

15X9

*i Effective June 9, 1966, balances accumulated for payment of personal loans were
reclassified for reserve purposes and are excluded from txme 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
tlhjan those due to domestic commercial banks and the U.S. Government, less cash items
inl 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 D*S.
Government.