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FED ER AL
statistical
MONEY STOCK MEASURES
H.6
RESERVE
release
February 8, 1979
The money stock and related measures have been revised to incorporate
the June 1978, benchmark adjustments for nonmember banks and revised seasonal
factors.
Revised monthly money stock data for 1976-1978 and weekly data for 1978
are shown in the attached special tables. Rates of change for 1978, annual and
quarterly, for M., M , and M« measures derived from quarterly averages are shown
in the table below. Monthly and weekly ML and VL seasonal factors for the first
six months of 1979 are shown in the tablee on the next page.
Comparison of Old and Revised Money Stock Growth Rates
ML
Annual
1978
Quarterly
1978 I
II
III
IV
M*
M
3
Old
Revised
Old
Revised
Old
Revised
7.2
7.3
8.0
8.5
9.1
9.4
6.2
9.9
7.6
4.5
6.6
9.2
8.1
6.9
7.9
8.9
7.5
7.0
8.4
9.9
7.7
7.7
7.8
10.1
9.8
8.1
8.4
10.4
9.4
4.4
Benchmark adjustments for M. were minor, raising the level of the series
$100 million in June 1978, and about the same amount at the end of the year. The
benchmarking raised ML about $2.0 billion in June 1978, and over $4.0 billion at
the end of 1978.
Seasonal revisions smoothed the quarterly and monthly data. April ML
growth was lowered 3 percentage points and November growth was raised by about
the same amount. Revision for other months were smaller. The current revision
also incorporates new seasonal factors for ML and ML, but the changes had little
impact on growth rates for these aggregates.
Monthly and weekly data from 1959 to date are available from the Banking
Section of the Board1s Division of Research and Statistics.
Money Stock Seasonal Factors
Currency
Demand
Deposits
Time Deposits
Other Than CDs
Nonmember
Member
Banks
Banks
Certificates
of
Deposits
MONTHLY
.9920
1.0250
.9990
.9960
1.0060
February
.9&70
.9790
1.0020
1.0020
.9750
March
.9920
.9830
1.0070
1.0080
.9850
April
.9970
1.0130
1.0080
1.0060
.9750
May
.9990
.9800
1.0080
1.0050
.9820
1.0030
.9960
1.0050
1.0030
.9950
3
1.0060
1.0760
.9959
.9917
1.0379
10
1.0060
1J0470
.9983
.9948
1.0214
17
24
.9960
1.0360
.9990
.9963
1.0042
.9850
1.0070
1.0000
.9973
.9951
31
.9760
.9870
1.0000
.9974
.9895
February 7
.9900
.9910
1.0005
.9994
.9839
14
.9920
.9840
1.0016
1.0016
.9779
21
.9895
.9740
1.0025
1.0029
.9707
28
.9775
.9660
1.0029
1.0036
.9679
7
14
.9940
.9850
1.0050
1.0063
.9741
.9960
.9880
1.0067
1.0081
.9801
21
.9920
.9820
1.0073
1.0086
.9856
28
.9840
.9690
1.0077
1.0084
.9957
4
11
18
.9930
1.0050
1.0104
1.0094
.9951
1.0090
1.0180
1.0100
1.0093
.9833
1.0030
1.0290
1.0075
1.0059
.9720
25
.9900
1.0070
1.0064
1.0036
.9650"
2
^9880
.9980
1.0060
1.0023
.9655
9
1.0075
.9810
1.0072
1.0040
.9713
16
1.0020
.9860
1.0083
1.0052
.9781
23
.9960
.9710
1.0083
1.0060
.9876
30
.9930
.9730
1.0088
1.0056
.9939
6
1.0050
.9950
1.0079
1.0055
.9953
13
1.0090
1.0000
1.0065
1.0049
.9951
20
1.0030
.9980
1.0036
1.0025
.9911
27
.9935
.9840
1.0029
1.0005
.9967
1979-January
June
WEEKLY
1979-January
March
April
May
June
F E D E R A L
R E S E R V E
H.S
statistical
release
Tsfctel
MONEY STOCK MEASURES
FEB.
M HLUONS OF DOLLARS
M-1
M-1 +
M-1 Plus
Currency
Dapoaftaat
Plus
C8'ssnd
Damand
DapoallsJ/
Dapoattiat
Thrift hat. 2 /
Dais
M-2
M-1 Plua
Tims
Dapoatest
Commsfcisj
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN. P
M-2 Plus
Dapoaftaat
Thrift
Than Large m*mnton*4/
CD's 1 /
-
1978—JAN.
FEB.
MAR.
APR.
M-S
M-4
M-«
M-2 Plus
M-3Plus
NsQotHbls
ay9 A/
CD's!/
M-1
M-1 +
M-2
M-S
M-1 PIUS
M-1 Plua
Savings
Tims
M-2 Plus
Currency
Dsposftstt Dapotflaat Papoatast
Plua
GofnmsfCisI
C8'aand
NonoanK
Damand
Chsckabls
Thrift
DapoaftsJ/
Daposftsst TfcanLargs InaisJbns*/
Thrift I n s t * / C D ' s *
8, 1979
M-4
M-f
M-2 Plus
M-3PIUS
CD's*
Ntguaabto
CD's*/
ii
341.9
342.4
343.2
347.9
350.7
352.5
354.5
357.0
361.1
361.6
361.0
361.5
360.0
564.6
565.3
566.4
572.1
576.1
578.6
580.0
583.5
589.4
589.8
587.4
586.7
582.9
816.0
819.4
822.6
830.3
836.7
842.6
848.7
856.9
866.2
870.9
874.3
876.3
875.5
361.3
361.2
361.3
361.1
586.9
586.7
586.4
585.9
875.7
875.8
875.9
875.9
362.4
360.6
360.9
358.0
357.4
587.4
584.9
583.9
580.1
578.8
878.0
875.0
876.4
874.0
873.9
1385.5
1392.9
1400.3
1411.9
1422.0
1433.1
1444.6
1458.4
1474.7
1485.6
1493.9
1500.9
1505.5
347.5
335.9
338.2
350.9
345.5
351.8
356.3
354.4
359.0
361.4
363.0
371.6
365.7
569.3
558.2
562.6
577.6
572.7
579.5
583.7
580.9
585.4
587.9
587.6
594.7
587.8
820.6
813.9
821.1
837.0
834.9
844.0
851.4
853.8
861.7
868.2
871.6
882.0
880.1
971.9
972.6
972.9
972.4
367.7
369.5
371.6
371.0
591.7
593.1
594.3
593.1
877.4
879.8
881.2
881.3
975.4
979.1
981.4
981.3
974.6
973.9
976.9
975.9
976.2
383.1
373.6
370.0
358.3
351.7
606.4
597.1
592.4
579.8
572.1
895.7
886.4
884.4
873.8
867.6
996.0
987.4
985.3
975.2
968.9
891.9
898.3
904.0
913.8
.922.9
929.3
936.7
944.5
954.8
959.6
969.7
973.0
975.9
1461. 4
1471.8
1481.7
1495.3
1508.2
1519.8
1532.6
1546.0
1563.2
1574.2
1589.3
1597.5
1605.9
1388.8
1385.8
1400.0
1421.3
1421.3
1436.8
1450.2
1455.5
1469.2
1481.6
1487.9
1503.6
1508.6
897.0
890.8
901.4
918.3
919.5
930.3
938.8
941.8
952.0
959.0
968.0
981.6
981.2
1465.1
1462.7
1480.2
1502.7
1506.0
1523.1
1537.6
1543.5
1559.5
1572.5
1584.3
1603.1
1609.6
WEEK ENDING:
1978-DEC.
6
13
20
27
1979-JAN.
3
10
17
24P
31P
1/ INCLUDES (1) DEMAND DEPOSITS AT ALL CC^MERCIAL 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) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS, NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TTME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MOPE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
4/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OP MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUEO IN DENOMINATIONS OF $100,000 OR MORF.
P - PRELIMINARY; R - REVISED
FEDERAL RESERVE I
Tab* 2
>H.6
MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES
Date
JAN.
M-1
M-1+
M-2
Currency
Plus
Demand
Deposits^
M-1 Plus Savings
Deposits at CB's
and Checkable
Deposits at
Thrift Inst. 2/
M-1 Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's 3/
M-3
M-2 Plus Deposits
Institutions 4/
M-4
M-5
M-2 Plus Large
Negotiable CD's §/
M-3 Plus Large
Negotiable CD's fi/
FROM:
OCT.
1978
( 3 MONTHS PREVIOUS)
-1.8
JULY
1978
(6 MONTHS PREVIOUS)
3.1
JAN.
1978
(12 MONTHS PREVIOUS)
5.3
FOUR WEEKS ENDING: JAN.
FROM FOUR WEEKS ENDING:
31,
-4.7
2.1
5.4
6.8
8.1
1.0
6.3
8.4
8.4
9.6
3.2
7.3
8.7
9.4
9.9
1979
NOV.
It
1978(13 WEEKS PREVIOUS)
-2.7
1.6
6.5
AUG.
2,
1 9 7 8 ( 2 6 WEEKS PREVIOUS)
2.7
0.7
6.1
8.2
FEB.
It
1 9 7 8 ( 5 2 WEEKS PREVIOUS)
5.1
3.1
7.2
9.3
-5.2
1/ 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) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES Ml t PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMANO DEPOSITS, SAVINGS DEPOSITS, TIME 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 COMMERCIAL BANKS.
4/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE:
ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.
FEDERAL RESERVE Statistical R f i M M H.6
Table 3
COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJU8TED.IN BILLIONS OF DOLLARS
Date
Currency
MnnfrfcMilr
Demand
Depoatts
Time Deposits
Savings^
CD's-2/
1978—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN. P
Tlvffi
Total
Other
89.4
90.2
90.7
91.3
92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
98.2
252.5
252.3
252.5
256.6
258.8
260.0
261.3
263.0
265.9
265.8
264.4
264.1
261.8
75.9
78.9
81.5
83.4
86.2
86.7
88.0
87.6
88.5
88.6
95.4
96.6
100.5
253.7
256.4
258.5
260.8
263.2
266.6
271.4
276.2
279.6
284.1
289.9
292.8
295.9
220.4
220.6
220.9
221.7
222.8
223.5
222.8
223.7
225.5
225.2
223.4
222.0
219.6
550.0
555.9
560.8
565.9
572.2
576.8
582.2
587.5
593.7
597.9
608.8
611.4
616.0
569.5
573.5
577.7
581.5
585.3
590.5
595.9
601.5
608.5
614.6
619.6
624.6
630.0
WEEK ENDING:
1978-DEC.
6
13
20
27
97.1
97.2
97.2
97.6
264.3
264.0
264.2
263.5
96.3
96.8
97.0
96.5
291.9
292^3
292.7
293.3
222.5
222.3
221.9
221.6
610.6
611.4
611.6
6U.3
1979-JAN.
3
10
17
24 P
31 P
97.8
98.0
98.0
98.4
98.6
264.6
262.7
262.9
259.6
258.9
96.7
98.9
100.5
101.9
102.3
293.8
293.4
295.7
297.2
298.4
221.7
221.0
219.7
218.9
218.1
612.2
613.2
615.9
617.9
618.8
1/
2/
T I M E AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3 / INCLUOES 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
TaM»4
iH.i
COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Hm#iH>d S a v i n * Deposit
Currency
Date
Total^
Time Deposits
Other
Savings^
Total
88.7
89.0
89.9
91.0
91.9
92.8
93.9
94.2
94.9
95,6
97.2
99.1
97.4
258.8
247.0
248.2
259.9
253.6
259.0
262.4
260.2
264.1
26*5.8
265.7
272.5
268.3
177.3
169.0
170.0
177.3
172.7
175.8
177.9
176.2
178.3
179.3
178.3
182.9
179.2
77.0
73.8
74.3
78.5
77.0
79.2
80.5
80.1
81.9
82.7
83.7
85.6
85.0
76.4
76.9
80.2
81.4
84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5
101.1
253.5
258.0
260.8
261.9
264.8
267.1
270.5
275.7
279.2
283.3
287.1
290.5
295.6
219.6
220.0
222.1
224.2
224.6
225.1
224.7
223.7
223.6
223.5
221.5
219.9
218.8
549.5
554.9
563.2
567.4
574.1
578.5
582.4
587.5
593.1
597.6
605.0
609*9
615.5
6
13
20
?7
98.4
98.9
99.0
100.2
269.3
270.6
272.6
270.8
180.6
181.4
183.4
181.7
84.7
85.6
85.4
85.4
98.0
99.2
100.2
100.0
288.8
289.9
290.0
291.4
220.9
220.5
219,5
218.9
607.7
609.6
609.7
610.3
3
10
17
24P
31P
98.4
98.6
97.6
96.9
96.2
284.7
275.0
272.4
261,4
255.5
191.7
182.7
181.9
174.1
171.0
88.0
88.0
86.5
83.2
80.5
100.3
101.0
100.9
101.4
101.2
292.5
292.5
295.3
297.3
298.8
220.1
220.3
219.1
218.1
217.1
612.9
613.8
615.3
616.9
617.2
1978 — J A N .
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
OEC.
1979—JAN. P
WEEK
Member
Domestic 3/
Nonrnernber
Other
Checkable
Deposited
2.2
2.3
2.3
2.5
2.6
2.6
2.7
2.8
2.8
2.9
3.1
3.2
3.3
ntUIHMRm
Thrift
Institutional
568.1
571.8
578.8
584.3
586.4
592.8
598.8
601.7
607.5
613.4
616.3
621,6
628.5
U.S.
Qov't.
Demand 5 7
4.3
4.3
4.8
5.0
4.0
6.2
4.5
3.6
6.2
4,3
8.0
10.2
12.0
ENDING:
1978-OEC.
1979-JAN.
5.8
4.1
12,2
15.*
15.4
9.7
8.5
12.4
15.8
1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ TOTAL DEMAND DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWNT DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
3/ BASED ON MOST RECENT CALL REPORT DATA.
4/ INCLUDES NEGOTIABLE TIME CERTIFICATES 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/ AVERAGE 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 f 1978.
P - PRELIMINARY; R - REVISED
TABLE, 5
MONEY STOCK MEASURES
BILLIONS OF DOLLARS
J Mi.
.1 Mli-M2JL
±
1
Ml L
M4 Ji
as
DEMAND ! Ml PLUS ! Ml PLUS
M2 PLUS
M3 PLUS
M2 PLUS
Ml PLUS ! Ml PLUS
M2 PLUS | M2 PLUS I M3 PLUS 1
LARGE
DEPOSITS! SAVINGS !
TIME
LARGE
LARGE
!
LARGE
SAVINGS ! TIME
DEPOSITS
DEPOSITS!
NEGOTINEGOTI- | NEGOTI- !
NEGOTIPLJS
I AT CBS fi| EXCEPT
AT CBS a! EXCEPT
NONBANK
NONBANK
ABLE CDSI ABLE CDS! CURRENCY! CHK DEPSJLARGE CDS|
CHK DEPSILARGE CDS! THRIFT
ABLE CDS ABLE COS!
THRIFT
1NSTS
Ul.IdRlEIl
1
.AI-IH&IE;
1
JI
11
754.1 | 1185.5 !
1107.0
675.6
465.8
301.6
1182.2
749.6
1104.2
671.6
461.4
1186.1 !
748.6
1113.0
675.5
464.4
293.7
1193.2
754.9
1118.3
6 80.0
470.1
1200.2 |
754.9
1128.5
683.2
472.2
296.0
1201.0
757.1
1128.1
684.3
475.1
1148.5
696.2
484.8
304.2
1211.4
761.9
1217.8 !
765.6
1140.2
690.7
480.3
762.2 1 1218.5 !
1151.1
694.8
482.4
299.4
1219.9
765.1
1151.3
696.5
485.5
1231.7 |
769.7
1162.5
700.5
487.0
303.4
1228.6
768.9
1159.1
699.4
486.3
1242.9 !
775*3
1174.0
706.5
491.5
306.2
1238.6
773.8
1169.2
488,6
704.3
774.4
1245.2 |
1178.9
708.1
491.2
304.4
1247.3
776.7
1181.4
493.4
710.8
1254.9 !
779.0
1189.6
713.7
494.8
306.0
1258.4
781.5
1194.4
498.2
717.5
1206.1
724.1
503.7
310.6
1272.3
789.0
1270.3 !
788.2
1209.7
726.3
505.3
1217.1
730.8
510.8
313.6
1284.4
795.2
1222.1
1279.9 !
793.7
732.9
510.7
1238.3
745.8
524.2
322.6
1298.0
803.0
1302.6 !
1235.6
810.0
740.6
517.2
DEMAND
DEPOSITS!
PLUS
CURRENCY!
1976 JAN
FEB.
MAR
APR.
MAY
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
i
1977 JAN.
FEB.
MAR.
APR.
MAY
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC.
316.1
317.9
319.7
322.5
323.6
325.3
328.7
330.6
333.1
335.4
336.5
338.7
523.1
527.4
531.3
535.9
538.2
540.4
545.0
549.2
553.6
556.7
558.0
560.6
747.5
753.3
759.2
765.6
769.9
775.5
783.9
789.6
795.5
801.2
805.2
809.4
1248.9
1260.7
1271.7
1283.3
1292.9
1304.4
1319.2
1331.6
1344.5
1356.4
1365.2
1374.3
810.2
816.2
820.9
827.2
832.2
838.8
847.1
853.7
859.6
867.9
876.1
883.1
1311.7
1323.5
1333.5
1344.9
1355.1
1367.8
1382.5
1395.8
1408.7
1423.0
1436. 1
1448.0
321.3
311.9
315.0
325.3
318.7
324.6
330.4
328.1
331.1
335.2
338.4
348.2
527.6
520.8
527.8
541.1
535.1
541.3
548.4
546.8
549.8
554.9
558.0
568.0
751.8
748.2
757.8
771.8
768.2
776.7
786.5
786.7
791.3
798.7
802.8
814.9
1252.0
1254.1
1271.5
1292.1
1292.3
1308.0
1324.6
1329.0
1339.5
1352.7
1359.9
1377.2
1978 JAN.
FEB.
MAR.
APR.
MAY.
JUN.
JUL.
AUG.
SEP.
OCT.
NOV.
DEC
341.9
342.4
343.2
347.9
350.7
352.5
354.5
357.0
361.1
361.6
361.0
361.5
564.6
565.3
566.4
572.1
576.1
578.6
580.0
583.5
589.4
589.8
5 87.4
5 86.7
816.0
819.4
822.6
830.3
836.7
842.6
848.7
856.9
866.2
870.9
874.3
876.3
1385.5
1392.9
1400.3
1411.9
1422.0
1433.1
1444.6
1458.4
1474.7
1485.6
1493.9
1500.9
891.9
898.3
904.0
913.8
922.9
929.3
936.7
944.5
954.8
959.6
969.7
973.0
1461.4
1471.8
1481.7
1495.3
1508.2
1519.8
1532.6
1546.0
1563.2
1574.2
1589.3
1597.5
347.5
335.9
338.2
350.9
345.5
351.8
356.3
354.4
359.0
361.4
363.0
371.6
569.3
558.2
562#6
577.6
572.7
579.5
583.7
580.9
585.4
587.9
587.6
594.7
820.6
813.9
821.1
837.0
834.9
844.0
851.4
853.8
861.7
868.2
871.6
882.0
1388.8
1385.8
1400.0
1421.3
1421.3
1436.8
1450.2
1455.5
1469.2
1481.6
1487.9
1503.6
1315.1 |
815.0
809.5 I 1315.4 1
818.6
1332.3 !
831.9
1352.1 1
1353.5 !
829.3
1371.0 !
839.8
1387.3 |
849.2
851.1
1393.5 |
1404.9 !
856.7
1421.0 i
867.0
1431.5 !
874.4
1453.2 |
890.8
i
1
897.0
1465.1 !
890.8
1462.6 I
901.4 1 1480.2 !
918.3 1 1502.7 !
919.5 1 1506.0 |
930.3 1 1523.1 !
938.8 I 1537.6 !
1543.5 |
941.8
1559.5 |
952.0
959.0 ! 1572.5 !
968.0 I 1534.3 !
981.6 I 1603.1 |
i
TABLE 6
COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
CURRENCY
DATE
DEMAND
DEPOSITS
IM£_MQ^AVH
I
OTHER |
I
L
NONBANK
THRIFT
1976
JAN...
FEB...
MAR...
APR...
MAY...
JUN...
JUL...
AUG...
SEP...
OCT...
NOV...
DEC...
74.3
75.0
75.7
76.5
77.2
77.5
78.1
78.6
79.2
79.8
80.3
80.8
222.3
223.9
224.3
22?.?
226.8
226.5
22 6. P
228.0
228.6
231.0
231.6
233.0
78.0
74.9
72.9
71.2
68.6
69.5
69.4
66.0
64.0
62.6
62.2
62.4
210.9
210.6
209.9
211.3
211.9
214.0
216.7
218.5
220.5
222.3
223.5
224.7
164.1
170.4
174.4
177.7
180.6
181.3
182.7
185.7
189.3
193.3
197.5
202.1
__IDIAL
452.9
456.0
457.1
460.1
461.1
464.8
468.8
470. 1
473.7
478.2
483.3
489.2
1977
JAN...
FEB...
MAR...
APR...
MAY...
JUN...
JUL...
AUG...
SEP...
OCT.. .
NOV...
DEC...
81.3
82.0
32.4
83.1
83.6
84.1
85.1
85.6
86.4
87.1
87.8
88.6
234.8
235.9
237.4
239.3
240.0
241.2
243.6
245.0
246.6
248.2
248.7
250.1
62.7
62.9
61.8
61.6
62.3
63.3
63.3
64.1
64.1
66.7
70.9
73.7
225.8
227.4
229.4
231.4
233.3
236.8
240.7
242.2
243.8
246.5
249.3
251.0
205.6
208.1
210.1
211.8
213.0
213.4
214.5
216.8
218.6
219.4
219.4
219.7
494.1
498.3
501.2
504.8
508.6
513.5
518.4
523.2
526.6
532.5
539.6
544.4
501.5
507.3
512.5
517.6
523.0
529.0
535.3
542.1
549.0
555.1
560.0
564.9
39.4
90.2
90.7
91.3
92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
252.5
252.3
252.5
256.6
258.8
2 60.0
261.3
263.0
265.9
265.8
264.4
264.1
75.9
78.9
81.5
83.4
86.2
86.7
88.0
87.. 6
88.5
88.6
95.4
253.7
256.4
258.5
260.8
263.2
266.6
271.4
276.2
279.6
234.1
289.9
292.8
220.4
220.6
220.9
221.7
222.8
223.5
222.8
223.7
225.5
225.2
223.4
222.0
550.0
555.9
560.8
565.9
572.2
576.8
582.2
587.5
593.7
597.9
608.7
611.4
569.5
573.5
577.7
581.5
585.3
590.5
595.9
601.5
608.5
614.6
619.6
624.6
1978
JAN...
FEB...
MAR...
APR...
MAY,..
JUN..,
JUL..,
AUG.*.
SEP...
OCT...
NOV...
DEC. •
|
432.6
438.3
443.8
449.5
454.9
459.7
464.8
470.6
476.9
483.3
489.2
495.0
I
DATE
JL
1976
1977
1978
JL
CURRENCY
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG_
SEP__
OCT
NOV
DEC_
!
'
73.7
74.1
75.1
76.3
77.1
77.8
78.7
78.9
79.0
79.6
80.9
82.1
-JL
1
I
IUIAL
227.9
219.6
220.9
227.9
222.2
225.6
227.5
225.5
227.0
231.0
232.8
240.5
Qf&ANQ_Q££QSlIS_
1
DOMESTIC!
1
J MFMBER 1 NON-MEMBl
62.1
162.6
59.9
156.5
60.3
157.6
62.4
1 162.5
61.1
157.9
62.5
160.0
63-.1
160.9
62.9
159.2
159.9
64.0
162.7
1
65.0
163.5
66.0
169.4
67.5
JAN
FEB_
MAR
APR
MAY
JUN_
JUL
AUG
SEP
OCT
NCV
DEC_
80.7
80.9
81.7
82.9
83.5
84.3
85.8
85.9
86.2
86.9
88.4
90.1
240.6
230.9
233.3
242.4
235.2
240.3
244.6
242.3
244.9
248.2
250.0
258.1
169.1
162.0
163.2
168.8
163.1
166.3
169.0
167.5
168.8
171.2
171.5
177.5
JAN
FEB_
MAR
APR
MAY
JUN
JUL_
AUG_
SEP_
OCT
NOV
DEC_
88.7
89.0
89.9
91.0
91.9
92.8
93.9
94.2
94.9
95.6
97.2
99.1
258.8
247.0
248.2
259.9
253.6
259.0
262.4
260.2
264.1
265.8
1 265.7
272.5
177.3
169.0
170.0
177.3
172.7
175.8
177.9
176.2
178.3
179.3
178.3
182.9
1
I
68.0
65.5
66.6
70.0
68.4
70.2
71.4
70.8
71.8
72.8
74.1
76.2
77.0
73.8
74.3
78.5
77.0
79.2
80.5
80.1
81.9
82.7
83.7
85.6
1
1
I
1
1
| NONBANK
I
TIME ANO SAVINGS QEEQSITS
_JL OTHER
U.S.GOVTl
I
OTHER
1 CHECK- | THRIFT
LA£Lf._I2£££J iasxs.,_.L ,J*£J!lAflD JL
CDS
1ITjME fi£££l SAVINGS 1 IDIAL
0.7
{
3.8 1
431.4 |
452.5
163.4
210.6
78.5
4.5
|
0.8
I
437.5
454.9
170.0
211.9
73.0
3,9
|
0.8 1
445.3
458.9
175.4
211.8
71.8
3.9
|
0.9
|
452.2
461.4
179.8
212.3
69.4
0.9
3.8
|
456.3
462.8
182.2
213.3
67.4
0.9
4.8
i
462.0
466.3
182.7
214.4
69.1
1.0
3.5
|
467.5
469.1
184.2
216.0
68.9
3*7
|
1.1
1
470.8
470.0
185.7
218.1
66.3
5.0
|
1.2
475.9
473.0
187.7
220.1
65.3
4,0
|
1.2
482.0
477.6
191.8
221.6
64.2
4,1
|
1.3
486.3
480.1
195.9
221.3
62.9
1.4
4*4 1
492.5
487.4
200.2
222.9
64.3
63.1
61.3
60.8
60.1
61.2
63.0
62.8
64.5
65.4
68.3
71.6
75.9
76.4
76.9
80.2
81.4
84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5
|
225.7
228.9
231.5
232.3
234.7
237.2
239.8
241.8
243.5
245.8
246.9
249.0
204.8
207.5
211.2
214.2
214.8
215.0
216.3
216.8
216.8
217.7
217.6
217.7
253.5
257.9
260.8
261.9
264.8
267.1
270.5
275.7
279.2
283.3
287.1
290.5
219.6
220.0
222.1
224.2
224.6
225.1
224.7
223.7
223.6
223.5
221.5
219.9
!
1
|
i
!
I
493.6
497.6
503.6
506.5
510.7
515.2
518.8
523.0
525.7
531.8
1.5
1.6
1.6
1.7
1.8
1.8
1.9
2.0
536.0
542.6
2.1
2.1
549.5
554.9
563.2
567.4
2.2
2.3
2.3
2.5
2.6
2.6
2.7
2.8
2.8
2.9
3.1
3.2
574.1
578.5
582.4
587.5
593.1
597.6
605.0
609.9
500*2
505.9
1.4
1.4
1
1
I
1
I
1
I
513.7
520.3
524.1
531.2
538.1
542.3
548.2
554.0
557.0
562.3
568.1
571.8
578.8
584.3
586.4
592.8
598.8
601.7
607.5
613.4
616.3
621.6
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
3.9
4,2
4.3
5.4
3.6
5.0
3.6
3.4
5.0
3.7
3.5
5.1
I
|
|
|
|
|
|
|
|
1
|
|
4.3 . |
4.3 |
4.8 |
5.0 |
4.0 |
6.2 |
4.5 9
3.6 |
6.2 |
4.3 I
8.0 f
10.2 I
j
!
1978 JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
MAY
JUN
JUN
JUN
JUN
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
MOV
NOV
DEC
DEC
DEC
DEC
1
!
L
4!
11!
18!
25!
l!
8!
15!
22!
l!
81
15!
22!
29!
5!
121
19!
26|
3!
10 |
17!
24!
311
7|
14|
211
28|
5!
12!
19!
26!
21
9!
16!
23!
30!
6!
131
20!
27|
4!
11!
25!
l!
8!
15!
22!
29!
61
13!
20!
27!
TABLE
MONEY STOCK MEASURES, COMPONENT
SEASONALLY ADJUS1[EQt B I L L !
1
M2
Ml
M4
1
M1 +
M2 PLUS |
M l PLUS I
Ml PLUS 1
DEMAND
LARGE
I
TIME
SAVING
DEPOSITS
CURRENCY
NEGOTIEXCEPT
PLUS
1 AT CBS £ 1
CDS
ABLE CDS
L_£tl& OEPS 1 URQ£
340.8"""!
813.6
89.1
888.1
563.3 !
889.9
341.3 !
89.2
814.7
564.1 !
341.9
816.0 1
564.6 I
89.4
891.8
564.7
89.5
816.7
342.1 !
893.1
89.7
894.7
564.6 !
817.5 1
342.2 1
896.2
342.1
818.2 I
564.8
90.0
897.6
90.1
819.2
565.2
342.3
342.4
P0.2
899.3
565.4
820.0
90.3
900.8
820.6
565.6
342.4
901.9
565.7 1
342.5
90.5
821.0
90.6
902.1
820.7
565.3
341.8
904.8
343.5
823.1
567.0
90.8
91.1
906.3
824.3
344.3
567.2 !
344.7
907.8
567.9
91.0
825.8
346.7
570.8
91.0
910,9
828.3
913.6
571.9
347.4
91.2
830.2
91.5
916.4
573.4
348.8
832.1
920.9
91.7
835.6
351.6
576.3
574.8
91.8
349.8
920.3
834.4
921.7 |
91.9
835.6
350.0
575.3
575.8
836.9
923.3
350.2
92.1
927.0
840.3 !
92.3
578.0
352.2
578.9
928.5
841.7
92.4
353.0
929.3
842.4
573.3
92.5
352.8
928.9
352.3
578.5
92.6
842.5
92.8
844.1 1
579.3
353.0
930.6
355.1
92.9
935.1
5R1.2
847.6
93.1
580.0
354.4
935.4
847.3 I
935.4
847.1
578.4
93.1
353.1
354.7
580.0
938.0
849.8
93.2
939.6
580.7
851.7
93.5
355.3
941.9
854.4
582.2
93.7
356.3
944.5
583.7
357.4
857.1 |
93.9
94.1
945.7
584.4
357.6
858.3 1
94.4
946.1 |
858.3 i
593.6
356.3
951.8
863.7 i
360.3
94.8
588.2
589.4
954.3
95.0
361.1
865.6 !
955.4
589.8
361.4
95.2
866.4
95.4
590.4
867.9 !
362.0
956.4
956.6
95.5
868.8
589.8
361.3
590.7
95.7
958.3
871.0 I
362.3
959.5
95.8
872.0
362.8
591.0
95.9
587.9
959.2
870.0 1
3*59.9
96.3
963.5
588.7
361.2
872.0 1
968.0
373.8 1
583.6
361.5
96.4
969.8 !
96.6
361.1
874.3
•587.9
96.8
970.8
360.9
874.7 1
537.0
96.8
970.8 I
586.3
360.3
874.5 !
586.9
97.1
971.9
875.7
361.3
586.7
97.2
972.6
361.2
875.8
972.9
361.3
97.2
586.4
875.9 '
97.6
361.1
585.9
875.9 |
972.4 1
AND RELATED ITEMS
DEMAND
DEPOSITS
251.7
252.1
252.5
252.6
252.5
252.2
252.2
252.1
2 52.2
2 52.1
251.3
252.7
253.2
253.7
255.7
256.3
257.3
259.9
258.0
258.1
258.2
259.9
260.6
260.3
259.7
260.2
262.2
261.3
2*0.0
261.5
261.9
262.6
263.5
263.4
261.9
265.5
266.1
266.3
266.6
265.8
266.7
266.9
264.1
264.9
26*5.1
264.6
?64.0
263.5
264.3
264.0
264.2
?63.5
1
74.6
75.2
75.8
76.5
77.3
78.0
78.4
79.2
80.2
80.9
81.4
81.7
81.9
82.1
82.6
83.3
84.3
85.4
85.9
86.1
86.4
86.7
86.8
86.9
86.4
86.4
87.5
88.1
88.3
88.2
97.8
87.5
87.4
87.4
87.8
88.1
88.7
89.0
88.5
87.7
87.3
87.5
89.2
91.5
94.2
95.5
96.1
96.2
96.3
96.8
97.0
96.5
252.5
252.8
253.6
254.2
255.1
255.7
256.2
256.9
257.3
257.5
257.8
258.5
259.4
260.3
259.9
260.9
261.3
261.8
262.2
263.0
263.6
264.8
265.4
266.2
266.6
267.5
269.1
270.0
271.5
272.6
273.8
274.9
276.1
276.7
277.5
278.2
279.0
279.4
280.4
282.0
283.2
284.0
285.0
286.3
288.2
239.4
290.8
291.3
291.9
292.3
292.7
293.3
220.3
220.6
220.5
220.3
220.2
220.4
220.7
220.8
220.8
221.0
221.1
221.1
220.6
220.8
221.7
221.9
222.0
222.1
222.4
222.6
223.0
223.3
223.3
223.4
223.5
223.7
223.4
222.9
222.5
222.6
222.6
223.1
223.5
224.0
224.5
225.1
225.5
225.6
225.5
225.5
225.5
225.2
225.0
224.5
224.0
223.8
223.1
222.9
222.5
222.3
221.9
221.6
547.3
548.6
549.9
551.0
552.5
554.1
555.3
556.9
559.4
559.4
560.2
561.2
562.0 J
563.1
564.2
566.1
567.7
569.3
570.4
571.7
573.1
574.8
575.5
576.6
576.6
577.6
579.9
580.9
582.3
583.3
584.2
585.6
587.1
588.2
589.8
591.5
593.2
594.0
594.4
595.2
596.0
596.7
599.2
602.3
606.4
608.6
610.0
610.4
610.6
611.4
611.6
611.3
TABLE 9
MONEY STOCK MEASURES, COMPONENTS, AND RELATED ITEMS
1
Ml
!
1 DEMAND I
IDEPOSITS !
1 PLUS
U
1 CURRENCY
1978 JAN 4 | 3 6 1 . 2 I
JAN 111
353.2 1
JAN 181
349.7 I
JAN 251
340.8 1
FEB 1 |
336.6 I
FEB 8 |
339.0 I
FEB 1 5 |
337.4 I
FEB 2 2 |
334.0 J
MAR 1 |
332.9 I
MAR 8 | 3 3 8 . 1 !
MAR 1 5 |
339.4 !
MAR 2 2 |
338.0 !
MAR 2 9 |
?35.9 1
APR 5 |
346.7 !
APR 1 2 | 3 5 2 . 1 !
APR 1 9 |
353.8
APR 2 6 |
349.0 !
MAY 3 |
350.9
MAY 101 3 4 5 . 3
MAY 1 7 |
346.3 1
MAY 2 4 | 3 4 1 . 6
MAY 3 1 | 3 4 6 . 6
JUN 7 |
353.0
JUN 1 4 |
3*54.4
JUN 2 1 | 3 5 1 . 4
JUN 2 8 !
347.5
JUL
5|
360.6
JUL 1 2 !
358.8
JUL 1 9 !
356.2
JUL 2 6 ! 3 5 1 . 8 !
AUG 2 |
354.2
AUG 9 | 3 5 6 . 1
AUG 1 6 !
357.0
AUG 2 3 |
352.9 |
AUG 3 0 |
350.1 1
SEP 6 !
360.4
SEP 1 3 |
362.5
SEP 2 0 |
360.4
SEP 2 7 ! 3 5 3 . 1 1
OCT 4 !
360.6
OCT 1 1 ! 3 6 5 . 0 I
OCT 181 3 6 4 . 9
OCT 25J 3 5 6 . 1 !
NOV 1 ! 3 5 9 . 5 !
NOV 8 |
365.9 !
NOV 1 5 ! 3 6 5 . 7 I
NOV 2 2 | 3 6 0 . 2 I
NOV 2 9 ! 3 5 9 . 3 1
DEC 6 |
367.7 I
DEC 1 3 ! 3 6 9 . ^
DEC 2 0 ! 3 7 1 . 6
DEC 2 7 | 3 7 1 . 0 !
I
1
M1 +
M2
1
M4
Ml PLUS! Ml PLUS! M2 PLUS!
SAV-CBS !TIME DEP 1 LARGE I CURRENCY I
CK DEP1 EXCEPT 1 NEGOTI-I
1
L.L£_£flLS LA&Lf L&S1
5 82.3 1 831.7 !
909.0 1
89.6 I
575.5 !
8 2 5 . 4 1 901.9 1
89.6 |
571.9
8 2 2 . 9 1 898.9 !
88.9 !
562.6 I
815.0 !
891.0 1
88.0 1
558.0 I
811.3 |
887.7 I
87.7 I
5 6 1 . 0 1 8 1 5 . 4 1 892.0 !
89.3
559.8
891.7 !
815.1 !
89.2 1
1
556.4
813.1
839.9 1
89.2 1
88.3
890.3 I
555.3 1 812.7 !
5 6 1 . 4 1 8 1 9 . 5 1 898.4 1
90.1 1
563.5
821.9 1 9 0 1 . 7
90.1
562.7 !
821.4 1 9 0 1 . 9 1
90.1 !
819.8
561.2
901.5 !
89.7
573.7
832.9 1 9 1 4 . 5 i
90.7
579.9
PI.5
838.4 1 919.4
580.3
920.6
91. 1
839.7
574.9
834.9
90.4
916.2
837.1
919.5
91.0
576.7
92.5
572.1
833.0
916.5
919.7
92.0
835.5
573.4
569.2
831.9
917.4
91.6 1
91.9
924.8
^74.4
338.6
931.5
93.2
581.2
845.1 I
933.4 1
03.1
582.3
846.9
842.9 !
923.5
92.7
578.8
92.3
839.7
574.8
92 5.9
941.9
94.?
854.6
589.8 |
586.9
852.9
94.6
940.2
93.9
5 83.5 |
851.0
93 8.3
578.7
935.1
847.8
93.2
580.5 !
851.1
938.4
<?3.4
941.9
582.8 |
95. 1
854.4
943.9
94.6
583.6 !
856.2 I
579.5 !
852.8
940.8
94.2
93.4
851.1
939.9
576.4 1
951.9
95.7
5 87.1 ! 862.6
955.4
95.1
865.2
589.2 !
952.9
94.6
5 36.5 !
862.1
579.1 |
946.8
94.0
856.0
95.1
866.0
956.6
537.6 !
592.5 1
872.2 !
962.0
96.5
871.7
95.8
591.6 1
961.3
863.4
954.5
95.2
582.2 I
584.4 |
959.6
95. 1
866.3 1
96 8.7
97.4
373.8
590.9 |
97. 5
970.0
874.0 '
590.8 |
966.9
97.6
869.8
584.7 |
97.1
966.1
583.5 !
868. 5
98.4
975.4
877.4
591.7 |
979.1
98.9
593.1 I
879.8 !
981.4
99.0
881.2
5O4.3 1
100.2
931.3
881.3 !
5 93.1 I
nFMAMD ^FPDSTTS
1
DOMESTIC!
NONMEM3FR
TOTAL
MEMBER
L
L
271.6
263.7 |
260.9
252.8
249.0
249.6
248.2
244.8
244.6
248.0
249.2
247.9
246.1
256.0
260.6
262.7
258.6
259.9
252.9
254.2
249.9
254.7
259.8
261.3
258.6
255.2
266.4
264.2
262.4
258.6
260.8
261.0
262.5
258.7
256.7
264.7
267.4
265.8
259.2
265.5
268.5
269.1
260.9
264.4
268.6
268.3
262.7
262.2
!
!
J
I
269.3
270.6 !
272.6
270.8 |
188.0
180.0
178.4
173.1
170.9
171.2
169.4
167.2
167.6
169.3
170.6
169.0
168.9
175.5
177.6
173.7
176.3
177.3
171.4
172.6
170.4
174.7
176.2
177.3
175.0
173.5
131.9
177.8
177.6
175.5
177.5
176.4
17 7.5
175.2
174.0
179.1
179.8
179.3
175.1
130.0
181.2
180.9
175.7
178.3
181.0
130.1
175.3
175.7
130.6
181.4
183.4
181.7
1
I
|
I
|
|
I
TTME AND SAVINGS DEPOSITS
1
OTHER |
I
CDS
TIME
SAVINGSI
TOTAL U.S.GOVT!
DEMAND !
DEPS 1
!
79.0
79.2
77.8
75.3
74.1
74.4
74.5
73.4
73.0
74.5
74.7
74.2
73.6
76.3
79.0
79.8
78.4
78.1
77.6
77.7
75.9
76. 1
79.4
80.1
79.6
77.9
80.2
82.3
31.0
79. 1
79.5
80.6
81.0
79.5
78.9
81.6
83.7
82.5
80.3
81.8
83.6
84.3.
81.5
81.7
83.7
84.7
83.8
82.7
84.7
35.6
35.4
85.4
|
1
1
1
1
1
77.3
76.6
76.0
76.0
76.4
76.7
76.6
76.8
77.6
78.9
79.8
30.5
81.7
81.6 1
81.0
80.9
81.3
82.4
83.5
34.3
85.5
36.3
86.4
86.5
85.6 1
86.3
87.3
87.3
37.3
87.4 I
87.3
87.6
87.7 1
88.0
88.8
80.3
90.1
90.7
90.8
90.6
89.8
89.7
91.1
93.3
94.9
96.1
97.1
97.6
98.0
99.2
100.2
100.0
251.6
2 52.1
253.3
254.6
255.5
256.7
257.5
258.9
259.6
260.3
260.7
261.0
260.9
261.6 I
261.0
261.9
262.5
262.9
263.4
264.6
265.3
266.7
266.5
267.2
266.6 I
267.5
268.5
268.8
270.2 1
271.9 1
273.3
2 74.4
275.3 i
276.1
277.4
278.3
278.8
278.5
279.8
281.3 1
282.7
283.0 I
284.2
284.9 !
286.0
286.3
288.1
288.2 i
288.3 !
289.9
290.0 !
291.4 !
I
218.8 |
220.0 |
219.9 1
219.6
219.2 |
219.7
220.1
220.2
220.2
221.1
221.8
222.4
223.0
224.6
225.3
224.0
223.4 !
223.3 i
224.2 I
224.6 I
225.0 I
225.2 I
225.6 I
225.4
224.8
224.7 I
225.4
225.4 I
224.6 I
224.1 1
223.5 I
223.9
223.8 i
223.3
223.6
223.9 I
223.9 I
223.3 !
223.1 !
224.1 |
224.5 i
223.R I
223.1
221.9 I
221.9 I
222.0 1
221.4 I
221.1 1
220.9 !
220.5 I
219.5 1
218.9 !
547.8
548.7
549.1
550.2
551.1
553.1
554.3
555.9
557.4
560.2
562.3
563.9
565.6
567.8
567.3
566.3
567.3
568.7
571.2
573.5
575.8
576.2
578.6
579.0
577.1
578.4
581.3
581.4
582.1
583.3
584.2
585.8
586.9
587.9
539.9
591.5
592.9
592.5
593.7
596.0
596.9
596.4
598.4
600.1
602.8
604.3
606.6
606.8
607.7
609.6
609.7
610.3
J
!
1
1
1
1
1
1
1
I
I
1
1
1
1
1
1
!
1
1
1
!
I
!
1
1
1
!
!
1
!
!
1
!
1
1
!
I
I
1
1
!
!
6.6
4.1
4.1
4.2
3.7
4.6
3.5
4.3
5.0
4.0
4.4
7.1
3.9
3.8
3.4
6.4
5.9
5.2
1
I
|
I
|
!
!
!
!
I
!
!
!
!
J
I
!
!
I
3.6 |
3.3 !
4.7 I
3.9 !
3.4 !
3.0 !
12.0 !
6.0 |
7.7 !
4.5 !
3.5 |
3.4 !
3.8 |
3.5 |
3.1 I
4.3 |
3.6 !
3.2 |
3.5 I
9.1 !
7.8 J
8.1 !
4.2 !
3.6 !
3.7 |
3.3 !
6.6 f
6.2 !
10.6 J
10.8 |
5.8 I
4.1 !
12.2 !
15.1 !
Special Supplementary Table*
Savings Deposits Authorized for Automatic Transfer
(ATS) and NOW Accounts in New York State
(amounts outstanding, millions of dollars)
ATS Accounts
Insured
Commercial
Banksl'1'
January
*
1/
2j
3J
4/
NOW Accounts in New York State
Mutual
Savings
Banksi/2/
Insured
Commercial
Banksi/1/
Mutual
Savings
Banksl/V
10
4025
15
630
15
17
4310
n.a.
695
n.a.
24
4215^
n.a.
790
n.a.
The survey collecting data on outstanding balances is scheduled to be
conducted weekly through March 1979.
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.
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.
Estimates for all mutual savings banks are based on data collected
by the FDIC from a stratified random sample of 73 mutual savings
banks.
The standard error associated with this estimate is about $350 million.
@FedFRASER