Full text of H.6 Money Stock Measures : February 11, 1971

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FEDERAL

RESERVE

statistical
***6

release
p o r immediate release
February 11 1971

The seasonally adjusted money stock averaged $214 9 billion in
January, $300 million higher than m December
Total time and savings
deposits increased $4*9 billion in December, the largest increase since
the record expansion, in mid-1970

MOIIEY STOCK AND TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

Time deposits
adjusted
(All commercial
banks)

Money Stock
Period

Total

Demand deposit
component

Currency
component

June
July
August
September
October
November
December

205.2
204.5
206 6
208.3
209.2
209.6
210 6
211 8
212 8
213.0
213 5
214.6

46 2
46 4
46 7
47 1
47 7
47 8
48 1
48 2
48 2
48 5
48 7
48.9

1971—January p

214.9

49 2

215.4
215.3
215.1
214.2

49
49
49
49

214.8

49 5

165 3

237 3

214 9

49 3

165 6

235 9

197 0—January
February
March
April

May

Week ending
1971—Jan

Feb.

6
13
20
27
3 P

Average of last 4 week!




i
i

159 0
158 1
159.8
161 2
161 6
161 9
162 5
163 7
164 6
164 5
164 8
165.7
165 7

166 2
166.2
165 9
r 164 9

193 3
193 5
195 3
198 5
200 3
202 2
208 2
213 2
218 5
222 2
225 0
23JJ.4
1

235 3

233
234
235
236

6
2
7
5

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

Period
Total

Not seasonally adjusted )

Related deposits
(All commercial banks)
Time
| U S Gov't
adjusted
demand

Money Stock
Currency
Demand deposit
component
component

1970—Januar>
February
March
April
May
June
July
August
September
October
November
December

211 4
202 8
204 7
209 3
205 3
207 8
209 0
208 7
211 4
213 0
215.3
221 1

46 1
45 9
46 3
46 6
47 3
M 7
4b 3
48 3
48 2
48 5
49.2
50.0

1971--January p

221.4

49.1

j

165 4
156 8
158 4
162.6
158 0
160.1
160 7
160 4
163 1
164 5
166.1
171.1
172.3

;

.

192 7
193 0
195 9
199 3
201.1
202.3
208,1
214 0
218 4
222 5
224 6
228.7

4 8
7 1
6 9
5 3
6 4
6.5
6.8
7.1
6.8
6 1
5.6
7.1

234.5

6.6

J

Week ending
1971—Jan

Feb

6
13
20
27 p

227.2
223-9
221.4
216.7

49.8
49.4
49.0
48.5

177.3
174.5
r 172.3
r 168 2

3p

217.1

48.8

168.3

;

232.2
233.3
234.8
236.1

7.0
4.8
5.0
8.1

236.9

9.6

p - Preliminary
r - Revised.
NOTE
Money stock 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) 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
U S Government