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FEDERAL

RESERVE

statistical

release

**4LRfcSV

For immediate r e l e a s e
February 5, 1970
The s e a s o n a l l y a d j u s t e d money supply c o n t i n u e d t o d e c l i n e d u r i n g the l a s t
week i n January from the high, end-of-December l e v e l
On average in J a n u a r y the
money supply i n c r e a s e d $1 5 b i l l i o n
Time and s a v i n g s d e p o s i t s d e c l i n e d $2 0 b i l l i o n
on average 15 January, r e f l e c t i n g withdrawals of such d e p o s i t s f o l l o w i n g the December
i n t e r e s t c r e d i t i n g period
HONEY SUPPLY AND TIME DEPOSITS
(Averages of d a i l y f i g u r e s , in b i l l i o n s of d o l l a r s )
S e a s o n a l l y adjusted

Money Supply
Period

1969—January
February
March
Aprxl

May
June
July
August
September
October
November
December p

Week ending
1969--Dec

3

10
17
24

;

31 P
Jan

7 p
14 p
21 p
0 0

_

Average of last p4 weeks f
p - Preliminary
r - Revised




Total

Currency
component

195 .*
196 3
196 8
198 1
198 3
199 0
199 3
199.0
199 0
199 1
199 3
199 7

43 5
43 8
44 1
44 2
44 5
44 8
45 0
45 3
45 2
45 6
45 9
46 0

152
152
152
154
153
154
154
153
153
153
153
153

4b 0

155 1

192 1

201 2

1970—January p

Demand deposit
component

Time deposits
adjusted
(All commercial
banks)

;
!

!

i

3
5
6
0
8
2
4
8
7
6
4
7

203
202
202
202
201
200
197
194
194
193
193
194

2
4
3
3
7
8
7
5
1
5
4
1

199
198
198
197
202

3
4
7
8
9

45
46
46
r 46
45

9
0
1
2
9

153
152
152
151
157

3
4
7
6
0

193
193
194
194
193

8
8
1
3
9

202
202
201
199
201

5
1
7
2
4

45
46
46
46
4o

7
0
1
3
0

156
156
155
152
155

8
i
5
9
3

193
192
192
191

3
2
0
5

192J

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEKS
(Averages of daily figures, ^n billions of dollars

Period

Jan

7
14
21
28

p
p
P
p

•
i

Related d e p o s i t s
( A l l commercial banks)
Time
U S Gov't
adjusted
demand

Money Supply
Demand d e p o s i t
Currency
component
component

Total

1969--January
February
March
April
May
June
July
August
September
October
November
December p
January p
Week ending
1969--Dec
3
10
17
24
31 p

Not oeasonally adjusted )

201 7
194 8
195 0
199 2
194 4
197 0
197 8
195 9
197 6
199.3
201 0
206 0
207 2

43 5
-43 4
43 7
43 8
44 2
44 7
45 2
45 4
45 2
45.6
46 4
47 0
46 -0

158 2
151 4
151 3
155 3
150 3
152 3
152 7
150.5
152 4
153.7
154 7
159 1
161 2

202 8
202 4
202 9
202 7
202 2
201 0
197 7
195 5
194 3
193.7
192 6
192 4
191 7

4 9
6 9
4 8
5.4
9 2
6 0
5 6
4 3
5 3
4 2
5 1
r 5 6
4 8

20?
202
205
205
211

1
8
7
2
0

46
47
46
47
46

->
U
8
3
9

155
155
158
157
164

192
192
192
192
192

3
3
4
4
5

6 0
4.4
4 9
r 7 4
5 5

212
209
206
201

8
7
8
7

-t6
46
46
45

6
2
0
5

166 3
163 5
160.8
156 2

192
191
191
191

5
9
6
3

4*8
3 4
4.1
6 0

5
8
9
9
1
^

•

i

1

p - Preliminary
r
Rtvibed
NOTE
Money supply consists
(1) dt-mand 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 end 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 dotnestic commercial banks and the
U S Government