Full text of H.6 Money Stock Measures : February 9, 1967

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FEDERAL
statistical
f

*- *AL

RESERVE

release

fcE^

H.6

For immediate release
February 9, 1967.

The seasonally adjusted money supply declined $700 million on average
in January, while commercial bank time deposits increase^ $2.3 billion. Expansion
in time deposits was especially rapid in the latest two weeks, and the average
monthly increase was the largest on record.

MONEY SUPPLY AND TIME DEPOSITS
Averages of daily figures, in billions of dollars
Seasonally adjusted

Money Supply
Period

Total
s

Currency
component

Demand deposit
component

Time deposits
adjusted
(All commercial banks)

June
July
August
September
October
November
December

168 0
168 2
169 3
170 9
170 2
171 1
169 6
169 6
170 5
169 6
169.2
170.4

36.6
36.8
36.9
37.2
37.3
37.4
37.7
37.8
37
37
38
38

131
131
132
133
132
133
131
131.8
132.6
131 .7
131 .1
132 .1

1967—January p

169.7

38.5

131.2

Week ending:
1966—Dec. 28

170.3

38.4

131.9

18 p
25 p

170.8
170.
170.
169.

38,
38.
38.
38.

132.4
131.6
131.8
130.7

158.9
159.4
159.6
160.1
161.0

1 p

169.0

38.5

130.5

162.0

1966—January
February
March
April

1967—i Jan.

Feb.

4

nP

147.8
148.5
149.5
151.4
153.0
153.7*
155.3
156,.6
157, .1
156.8
156.9
158.1
160.4

160.7
131.2
38.5
NOTE: Components may not add due to rounding. See reverse side for data without
seasonal adjustments and for description of series.
* Break in series, for description see footnote on reverse side.
p - Preliminary.
c - Corrected.

Average of l a s t 4 weeks|




169.6

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daiLy figures, in billions of dollars. Not seasonally adjusted.)

Related deposits
(All commercial banks)
U.S. Gov't.
|Demand deposit
Time
demand
component
[adjusted
3.
147.3
136.5
5.
148.7
131.4
4.
131.3
150.2
3.
134.8
152.2
129.9
7.
153.9
131.5
154.1*
6.3
130.1
155.8
8.2
129.1
157,
5.2
131.5
156.
4.5
132.1
156.
4.8
132.5
155.
3.7
136.2
156.
3.5

Money Supply
Period
Total

Currency
component

1966—January
February
March
April
May
June
July
August
September
October
November
December

173.0
167.8
167.8
171.6
166.9
168.8
167.9
166.9
169.5
170.1
171.0
175.3

36.5
36.4
36.6
36.8
37.0
371.3
37.8
37.9
37.9
38.0
38.5
39.1

1967--January p

174.7

38.5

136.3

159.9

4.2

175.1
178.0
176.2
175.7
172.8

39.3

135.8

157.0

5.3

38.9
38.9
38.5
*38.1

139.2
137.3
137.3
134.7

158.1
158.8
159.7
160.9

5.1
4.5
2.8
4.5

172.2

37.9

134.3

161.8

4.6

Week ending:
1966—Dec. 28
1967--Jan.
11
18
25
Feb. 1

p
p
p
p

* - Effective June 9, L966, balances accumulated for payment of personal loans were
reclassified for reserve purposes and are excluded from time deposits reported by
member banks. The estimated amount of such deposits at all commercial banks ($1,140
million) is excluded from time deposits adjusted thereafter.
p - Preliminary.
NOTE: Money supply consists of (1) demand deposits at all commercial banks, other
than those due to dorae&tic 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.