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J.3

BOARD1 OF GOVEHHOSS OF THE FEDERAL EElSEEVE SYSTEM
For immediate release

December 30, i960

DEMAHD DEPOSITS, CTJBBENCY, AHD RELATED ITEMS
{Averages of d s l l y figures)

Money supply (defined as deinand deposits adjusted
and currency outside banlcs), increased $0,U b i l l i o n in the
f i r s t half of December from the l e v e l during the second half
of November9 a f t e r allowance for the usual seasonal change.
Time deposits a t member banks continued t o show rapid growth.
DEMAND DEPOSITS AHD CUBRENCY
Seasonally Adjusted
( B i l l i o n s of dollars)
>

'

•

MONTHLY
1959 - November
December
I960 - August
September
October
November

— •

(2)

(1)
fDemand
deposit
component

-

Currency
component

(3)
Money
supply

1 ( ! ) • (2)

"
113.2
112.6

29.0
28.9

142.2
141.5

110.8
111.5
111.6
111.2

28.9
29.0
29.O
29.0

139.7
140.4
140.6
140.2

110.7.
111.0
111.3
111.6
111.0
112.2
111.6
110.9
111.4

29.0
28.8
29.0
28.9
29.0
29.0
29.0
29.0
28,9

1

SEMIMONTHLY

I960 - August




(1)
(2)
September (1)
(2)
October
(1)
(2)
November (1)
(2)
Eeceiriber (1) p

i
i

139.7
139.8
140.3
140.5
140.0
141.2
140.6
139.9
140.3

p - Preliminary*
NOTE: Components usay not add t o t o t a l s due to rounding*

DBMABto EEFbSITS, CUBREtoCY, AMD RELATED ITEMS
WIMa»

w < W

M»^l«^w^W^MW»*^»MWII»»^^ll^»l»«*W**y»W^

I III >•

••••

•mil

Without Seasonal Adjustment
Monthly,, Semimonthly, and Weekly Averages of Daily Figures
(Billions of dollars)

m

(2)
(3)
(5)
(*)
LJ6L-.
JD <jeposit
|{Deiaaad
r
Member banks
c<smponent
C
urr
Money
1 ForiTime p . S. Govt.
supply
Member member
comm'L rreitcy
comdenand
c o m m ' l . banks
deposits
banks
(3)4*0
I ponent
t deposits
[ banks

V

p5r~

i

i

MDMTHLY
1959—Hoveriber
December

19.7 1 11*. 1 1 29.2 1
19.8
29.5
•115.5

9*-5
; 95-7

i 9 6 0 - -September
October
November

91.6
92,0
92.3
i

SEMIM03STHLY
i960—May

110.7'
111.5
112.2

19.1
19.5
19.9
1

I*
•21 p 1

n

i1

29.1
29.1
29.2

139.7
1*0.6
1*1.*

56.9
57.*
57.6

*.8
5.1
5.2

28.8
28.7
28.9
28.8
29.2
29.O
29.2
28.9
29.2
28.-9
29.2
29.O
29.2
29.3
29.5

139.0
137.0
138.2
137.9
1384
139.3
139.6
138.2
139.8
139.6
r 139.8
1*1.*
r 1*1.7
11*1.2
1*3.3

5*.*
5*.5
5*.7
55.0
55.*
55.7
55.9
56.5
56.8
57.0
57.3 j
57.5 I
57.6 i
57.5
57.8 |

5.*
6.2
5.3
6.2
5.9
6.2
5.5
5.*
3.9
5.8
5.*
*.8
5.2
5.2
3.6

1

9
16
2.3
30
December 7

• •»•••••
••••••

53.8
53.7

i

WEEKLY
l<?60-~November

.I ^1

•

92-3
92.5
91.7
92.3
92.9
9*.*
95.*

*.2
k.k

1*3.3
1**.9

j

91-2
19.0 ] 110.2
(1)
18.6
(2)
108.3
89.7
June
90.1*
(1)
m. 9 1 109.2
18.6 1 109.0 j
(2)
90.4
July
IC8.9
18.9
(1) • 9 0 . 0
18.9
(2)
91..*
110.3
August
110.*
18.9
91.*
(1)
90.6
(2)
18.7
109.3
September' (1) | 91.6 1 19.0
110.7
(2) 1 91.5 I 19.1
U0.7
October
110.6
91.3
19.3
(1)
(2) j 92.6
19.8
112. h
November (1) 1 92.5
x 20.0
112.4
(2) 1 92.0- [ 19.9
111.9
113.8
December (DP 93.8
19.9

••

!

L
1

19.9
20.1
20.0
19.8
19.6
20.0
26.2

112.2
112,6
111.6
112.2
112.7
11*.*
H5.6

29.3
29.3
29.3
29.2
29.5
29.5
29.6

1*1.5
1*1-9
1*0.9
1*1. k
1*2.2
1*3.9
1*5.2

~

57.8 1

5.*

57.5
57-5 1
17.5
57. V
57.8
58.1 1

k*:a
5.-*
*.9
*.*

2.7
3.7

— \

p - Preliminary*
NOTES: The demand depos-it component consists of demand deposits other than domestic
commercial Interbank and U. S, Government, less cash items reported as in process of
collection and Federal Beserve float. Cash items reported as in the process of
collection by member banks are deducted from the deirand deposits of member banks and
npnmember commercial bank demand deposits follow a parallel logic* Since Federal
Beserve float is not divisible on the basis of member-nonmember attribution^ i t is
deducted in whole from the member bank demand deposit component (column 1 ) . The
cvatrmcjm component consists- of currency outside the Treasury, the Fedetal L Eeserve,
and the vaults of a*ll( commercial banks«