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FEDERAL

R E S E R V E

statistical

release

Table 1

FEDERAL RESERVE Statistical Release H.*

For Immediate Release

MONEY STOCK MEASURES
DEC.

IN BILLIONS OF DOLLARS
M-1

M-1 +

M-3

M-2

Date

^jfcflUflnnll ir
kMMiomiaii t

1977— OCT.

335.9
336.2
338.5
341.7
341.8
342.9
348.5
350.6
35?. 8
354.2
356.7
360.9
362.0

557.5
557.7
560.2
564.6
565.0
566.2
572.6
575.2
577.1
577.8
5P2.0
587.9
5b8.8

801.4
805.4
809.5
815.9
819.1
822.6
830.3
835. 2
840.6
846.2
853. D
862.4
867.4

360.2
364.3
364.3
358.8

587.6
591.6
591.2
585.4

361.2
r 362.3
r 361.4
r 359.3
358.6

586.9
588.1
586.7
583.7
r 582.6

868.2
870.9
871.1
r 870. 1
869.1

APR.

*AY
JUNE
JULY
AUG.

SEPT.
OCT.

M-1 +

Currency
Rus
Demand
Deposits V

M-1 Rus
Savings
Deposits at
CB's and
Checkable
Deposits at
Thrift Inst. 2/

M-3 Plus
Large
Negotiable
CD'sS/

1357.9
1367.1
1376.1
1386.6
1393.1
1400.3
1411.4
1419.9
1429.8
1441.0
1455.1
1472. 1
r 1484.4

M-3

M-2

M-4

M-1 Rus
M-2 Rus
Time
M-2 Rus
Deposits at Deposits at
Large
Nonbank
Commercial
Negotiable
Thrift
Banks Other
CD'sS/
Than Large Institutions^/
CD's-S/

M-5
M-3 Rus
Large
Negotiable
CD's*/

llu Arllu*fl^rfi

Adlufttad
«^«*j««w^"«

864.5
869.4
869.3
r 865.2

NOV.
DEC.
1978 — JAN.
FEB.
M AR .

M-2 Rus
Large
Negotiable
CD's-5/

M-1

M-5

M-4

M-1 Plus
M-1 Plus
M-2 Plus
Time
Savings
Currency
Deposits at Deposits at Deposits at
Plus
Commercial
Nonbank
CB's and
Demand
Thrift
Banks Other
Deposits!/ Checkable
Deposits at Than Large Institutions^/
CD's &
Thrift lnst.,2/

7, 1978

867.8
876.3
883.5
892.2
898. 5
904.7
913.7
922.1
927. 3
933.6
939.8
950.5
955.6

335.2
338.4
348.2
347.5
335.9
338.2
350.9
345.3
351.7
356.0
354.2
358.8
361.3

555.0
558.1
568.1
569.4
55d.3
562.7
577.3
571.7
578.1
561.9
579.3
583.8
586.2

798.7
802.8
814.9
820.6
813.9
821.1
836.6
833.6
842.0
848.7
850.8
858.4
864.5

951.4
955.8
956.2
954. 1

360.5
364.9
364.8
356.0

585.9
5^0.8
589.9
580.5

862.5
868.6
868.0
r 859.7

960.0
964.9
966.5
r 966.3
965.5

359.4
r 365.8
r 365.5
r 360.1
359.2

582.7
589.1
588.9
582.8
581.6

862.5
r 869.9
870.1
r 865.6
864.3

1424.3
1438.0
1450.1
1462.9
1472.5
1482.3
1494. 9
150t.9
1516.5
1528.4
1541.4
1560.2
r 1572.5

r

1353.0
1360.1
1377.5
1389.0
1386.0
1400.2
1421.2
1420.3
1435.2
1447.9
1453.0
1466.4
1478.4

867. 1
874.4
890.9
897.0
890.8
901.4
917.9
918.2
928.3
936.0
938.8
948.7
955.3

1421.3
1431.7
1453.4
1465.4
1462.9
1480.5
1502.6
1505.0
1521.5
1535.3
1541.0
1556.7
rl569.2

WEEK ENDING:

1978-OCT.

4
11
18
25

1
8
15P
22P
29P

NOV.

l/ I

U

(

D

T

p

L

r n !

:

, T

E

?

C

I

A

L B

*NKS °THER ™ A N

r

953. 1

958.4
957.6
950.8
955.7
964. 7
966. 2

r 962.7
962.0

THOSE DUE T

° ODMESTI C COMMERCIAL BANKS AND THE U. S.GOVERNMENT,
°REIGN °™M° ^^ " F.R.BANKS; AND ,3, CURRENCY OUTSIDE

<2> F

2/

3/
4/
5/
6/

N W ACC UNTS
AC™lMANDPDEMA^DEPOSm
°
°
*T B*NKS AN° ™ RIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT
INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, T I M E DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING C O M M E R C I A L BANKS.
INCLUDES M2, PLUS THE A V E R A G E OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 CR MORE.
INCLUDES M3, PLUS NEGOTIABLE TME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.

p - PRELIMINARY;




R - REVISED

FEDERAL RESERVE Statistical Release H.6

Table 2

MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES
M-1

Date

M-1+

Currency
Plus
Demand
Deposits ^

M-1 Plus Savings
Deposits at CB's
and Checkable
Deposits at
Thrift Inst. V

M-2

M-3

M-4

M-5

M-1 Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's 3,

M-2 Plus Deposits
at Nonbank Thrift
Institutions I/'

M-2 Plus Large
Negotiable CD's §/

M-3 Plus Large
Negotiable CD's &

10.0

12.0

OCT.

FROM:

JULY

1978

(3 MONTHS PREVIOUS)

8.3

7.6

APR.

1978

(6 MONTHS PREVIOUS)

7.7

5.7

8.9

OCT.

1977

(12

7.8

5.6

8.2

1978(13 WEEKS PREVIOUS)

4.0

2.3

7.7

MAY

31, 1978(26 WEEKS PREVIOUS)

5.6

3.6

8.4

NOV.

30,

7.2

5.0

8.1

MONTHS PREVIOUS)

10.3

9.3

9.4

11.5

9.2

10.4

10.1

10.4

FOUR W E E K S ENDING: NOV. 29, 1978
FROM FOUR W E E K S ENDING:
AUG.

30,

1977(52 WEEKS P R E V I O U S )

11.0

9.3
10.2

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) F'JREIGN D E M A N D B A L A N C E S AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL CCMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT C O M M E R C I A L B A N K S NOW ACCOUNTS AT B A N K S AND T H R I F T INSTITUTIONS, CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT M U T U A L SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, T I M E DEPOSITS CPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN N E G O T I A B L E T I M E CERTIFICATES OF DEPOSIT ISSUED IN D E N O M I N A T I O N S OF $100,000 OR MORE BY LARGE WEEKLY REPORTING C O M M E R C I A L BANKS.
4/ INCLUDES M2, PLUS THE A V E R A G E OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
5/ INCLUDES M? t PLUS NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE: ALL R A T E S OF CHANGE ARE ?ASED ON D A I L Y A V E R A G E DATA; R A T E S OF CHANGE ARE NOT COMPCUNDED.




FEDERAL RESERVE Statistical Release H.6

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY AD JUSTED, IN BILLIONS OF DOLLARS
Time and Savings Deposits17
Date

Currency

Demand
Deposits

Time Deposits

CD's*/

Savings 3/

Total

Other

Nonbank
Thrift
Institutions */

1977— OCT.
NOV.
DEC.

87.1
37.7
88.6

248.7
248.5
249.9

66.4
70.9
74.0

246.0
249.7
251.5

219.6
219.4
219.6

531.9
540.1
545.0

556.5
561.7
566.6

1978 — JAN.
FEB.
MAR.
APR.

89.4
90.1
90.7
91.2
92.1
92.8
93.3
94.0
95.2
96.0

252.2
251.7
252.3
257.3
258.5
259.9
260.9
262.8
265.7
266.1

76.3
79.4
82.0
83.4
86.7
87.4
86.3
38.1
98.2

253.6
256.4
258.7
260.1
262.6
266.1
271.1
274.3
277.4
281.5

220.7
220.9
221.0
221.6
222.0
221.7
220.9
222.4
224.2
223.9

550.6
556.7
561.7
565.2
571.6
574.5
579.4
583.0
589.7
593.6

570.7
574.0
577.7
581.2
584.7
589.2
594.7
601.6
609.6
r 616.9

^AY
JUNE
JULY
AUG.
SEPT.
OCT.

87. 1

WEEK ENDING:
1978-OCT.

4
11
18
25

95.8
95.7
96.0
95.8

264.5
268.5
268.3
263.0

87.0
86.4
87.0
89.0

279.8
280.7
281.0
282.6

224.5
224.5
224.0
223.7

591.2
591.5
592.0
595.3

NOV.

1

96.5
96.4
96.5
96.9
97.0

264.6
r 265.9
264.9
r 262.4
261.6

91.8
94.0
95.4
96.3
96.4

284.2
285.7
287.2
r 289.2
289.5

222.9
r 222.9
222.5
r 221.5
221.1

598.9
r 602.6
605.1
r 607.0
606.9

9

15 p
22 ?
29 P

I/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL 3ANKS.
3/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS*
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
P - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Reserve H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Time and Savings Deposit^

Demand Deposits
Date

Currency
TotaJ^

1977— OCT.

Member

Domestic5/
Nonmember

Time Deposits
CD's4/

57

Savings-

Total

Other

Other
Checkable
Deposits^/

Nonbank
Thrift
Institutions!/

U.S.
Gov't.
Demand57

86.9
88.4
90.1

1978— JAN.
FEB.
^AR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
OCT.

248.2
250.0
258.1

171.2
171.5
177.5

72.8
74.1
76.2

68.3
71.6
75.9

245.8
246.8
249.0

217.8
217.6
217.7

531.9
536.0
542.6

2.0
2.1
2.1

554.2
557.3
562.5

3.7
3.5
5.1

88.7
89.0
89.9
91.0
91.9
92.9
94.1
94.3
95.0
95.8

NOV.
DEC.

258.8
247.0
248.2
259.9
253.3
258.8
262.0
259.9
263.8
265.6

177.3
169.0
170.0
177.3
172.6
175.7
177.7
176.1
178.2
179.2

77.0
73.8
74.3
78.5
76.9
79.1
80.3
79.9
81.8
82.6

76.4
76.9
80.2
81.4
84.6
86.3
87.3
88.0
90.3
90.8

253.4
257.9
260.7
261.8
264.5
266.5
269.5
274.4
277.5
281.2

219.7
220.1
222.2
223.9
223.8
223.8
223.1
222.2
222.1
222.0

549.5
554.9
563.2
567.1
572.9
576.6
579.9
584.6
589.9
594.0

2.2
2.3
2.3
2.5
2.6
2.6
2.7
2.8
2.9
2.9

568.4
572.1
579.1
584.6
586.7
593.2
599.3
602.1
608.1
* 613.9

4.3
4.3
4.8
5.0
4.0
6.2
4.5
3.6
6.2
4.3

95.2
96.6
96.0
95.3

2o5.3
268.3
268.8
260.6

179.9
181.1
180.9
175.6

81.6
83.4
84.1
81.4

90.6
89.8
89.7
91.1

279.4
280.7
280.9
282.1

222.6
223.0
222.3
221.6

592.6
593.5
592.8
594.8

8.1
4.2
3.6
3.7

95.3
97.5
97.5
97.7
97.3

264.1
r 268.3
268.0
r 262.4
261.9

81.6
83.5
34.5
83.6
82.5

93.3
94.9
r 96.1
97.1
97.6

282.7
283.7
284.1
r 285.7
285.6

220.4
r 220.4
220.5
r 219.8
219.5

596.4
r 598.9
600.6
602.6
602.8

3.3
* 6.7
6.2
r 10.7

WEEK ENDING:
1978-OCT.

4
11
18
25

1978-NOV.

1
8
15P
22P
29P

178.7
180.9
180.0
r 175.2
175.6

r

10.7

I/ T I M E A N D S A V I N G S D E P O S I T S A T A L L C O M M E R C I A L BANKS.
2/ TOTAL DEMAND DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWN* DEPOSITS DUE TC FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
3/ BASED ON MCST RECENT CALL REPORT DATA.
4/ INCLUDES NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING
COMMERCIAL BANKS.
5/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
6/ INCLUDES NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
7/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
8/ U.S. GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS. INCLUDES TREASURY NOTE BALANCES, BEGINNING NOVEMBER 2, 1978.
P - PRELIMINARY; R - REVISED




SPECIAL SUPPLEMENTARY TABLE*
Savings Deposits Authorized for Automatic Transfer (ATS)
.
All Insured Commercial Banks and Mutual Savings Banks in Selected States,—

on Selected Dates

Commercial BanksJ7
Nov. 15
Nov. 22

Amount outstanding
($ millions)
Number of ATS accounts

*

1 6 ^
3 0

205

1 2 "
7 0 /

240

Mutual Savings
BanksJ/
Uov. 15 tfov. 22

5r

2.5r

The survey collecting these data is scheduled to be conducted weekly
through December 1978,
I/ Excluding Massachusetts, New Hampshire, Connecticut, Rhode Island,
Maine and Vermont for both commercial banks and mutual savings banks
and Alaska, Washington and Wisconsin for mutual savings banks.
2j Estimates for all commercial banks are based on data collected by
the Federal Reserve and the FDIC from a stratified random sample of
351 commercial banks.
J3/ Estimates for all mutual savings banks are based on data collected
by the FDIC from a stratified random sample of 73 mutual savings
banks.
4/ Based on judgments of the survey respondents, it is estimated that
roughly 50 to 60 per cent of the balances in ATS accounts represented
funds which had come from demand deposit accounts; this estimate is
subject to a wide range of error.
51 The standard error associated with this estimate is about $200 million,
r— Revised.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102