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FEDERAL
statistical

RESERVE

release

*ALV£&

H 6

*For immediate release
December 28, 1967

v I J , Th *«seasonally adjusted money supply has declined $600 million in the two
« e k s ending December 20 after reaching a new high at the beginning of the month. In
the first three weeks of, December, money supply averaged $300 million lower than m the
month of November. Total time and savings deposits declined §200 million in the
2
ZZ^XSmi?
°u T 1 *Vk* f X r S t t h r e e W e e k s ° f,t h e m o n t h «»•"• deposits averaged
fcbout $1.2 billion higher than in November.
I MOTEY SUPPLY AND TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

1 1

Period

Money Supply
Currency
c omponent

lOtJll

'

""

11

. •

—1

i •
n

xvj*

Time deposits
adjusted
Demand deposit r
(All banks)
commercial
component

i

1966—November
December
1967--January
February
March
April
May
June
July
August
September
October
November p
Week ending
1967-*Hov.

170.1
170.4
170.3
171.5
173 1
172 7
174.5
176 2

1 l ? 79

179 1
| 179 2
180.2
1 181 3

|
[

|
|

38 1
38 3

132 0
132 I

38.5
38 7
38 9
39.1
39 2
39 3
39.5
39.6
39.8
39.9
40 0

131 8
132.8
134.2
133.6
135.3
136.8
138.4
139.6 '
139.5
140.3
141.3

|

!

|
|
j
j

157 4
158 6
160 8
163 5
166 1
168 1
170.0
172.4
174 6
177 2
178.9
180 8
182.5

1
180 3
39 8
140.5
181 6
8
! 181 3
40.0
141.3
181 7
15
181 3
40.0
141.4
182.3
22
181 2
40.1
182 9
141.1
29 p
j 181 1
40.1
|
141.0
183 2
183.7
Dec.
6p
40.1
r 181 4
j
r 141.3
13 p
40.3
184.1
r 180 9
r 140.6
I
20 p
180 8
40.3
140.4
183.9
183.7
40 2
|
140.8
L
j
Average of last 4 weekj 181 1
NOTE• Components ^may" not add due to rounding. See reverse side for data without
seasonal adjustments and for description of series
p - Preliminary
r - revised




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

Related deposits

Money Supply
Period
Total

Currency
component

(All com"»ftrg<*1 hanlts)

Demand deposit
component

Time
adjusted

U.S. Gov't
demand

1966--November
December

171.5
175.8

38.5
39.1

133.0
136.7

156.1
156.9

3.7
3.4

1967—January
February
"larch
April
May
June
July
August
September
October
November p

175
170
171
173
171
174
175.8
175 9
178 .4
180 6
182 6

38.5(
38 3
38.5
38.7
38.9
39.3
39.6
39.6
39.8
40.0
40.5

136.8
132 3
133.4
134.9
132.2
135.1
136.2
136.2
138.6
140.6
142 1

160.7
164.0
166.7
168.8
170.8
.0
173.
.1
175.
.7
177,
178.
,9
180.
.3
181.
.1

4.1
5.0
4.9
4.8
6.5
3.9
5.6
4.3
5.0
6.2
5.2

1
8
15
22
29 p

181
182
183
182 1
182.1

39 7
40.4
40 4
40.6
40.6

141.
142.
142.
141.
141.

180.9
180.9
181.1
180.9
181.3

6.3
5.7
4. 2
5. 9
5.2

6 p

184 8
185 3
187.9

40.8
41.2
41 2

144.
144.
146.

181.5
181.9
181.5

4.8
3.
.2

Week endinp
1967—Nov

Dec

13 p
20 p

4.7

p - Preliminary
NOTE
Money supply consists of (I) demand deposits at all commercial banks, other
tnan 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 time deposits at all
commercial banks other than those due to domestic commercial banks and the O.S.
Government