Full text of H.6 Money Stock Measures : January 15, 1970

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FEDERAL
statistical

RESERVE
release

'*AL&@*

H.6

For immediate release
January 15, 1970

The seasonally adjusted money supply declined $400 million in the first week
of January, following a sharp increase in the final week of December
It is believed
that this bulge in the weekly money supply series will be temporary, reflecting technical
factors- around the holidays and year-end statement datfe Tinfe and savings deposits
have declined $1 0 billion over the past two weeks, after increasing moderately on
average in December.
MONEY SUPPLY AND TIME DEPOSITS
(Averages of daily figures, m billions of dollars)
Seasonally adjusted
Money Supply
Perxod

Currency
component

Total

Demand deposit
component

Time deposits
adjusted
(All commercial
banks)
204 9

1968—December

194 8

43 4

151 4,

1969—January
February
March
April
May
June
July
August
September
October
November p
December p

195-8
196 3
196 8
198 1
198 3
199 0
199 3
199 0
199 0
199 1
199 3
199 6

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 3
152 5
152 7
154 0
153 8
154 2
154 4
153 8
153 7
153 6
153 4
153 6

203 2
202 4
202 3
202 3
201 7
200 8
197 7
194 5
194 1
193 5
193 4
r 194 1

9
0
1
1
9

153 4
152 4
152 6
151 6
r 157 0

45 7

156 8

r 193 8
193 9
194 2
194 3
193 9
193 3

46 0

154 5

193 9

Week ending
1969—Dec.

Jan

3
10 p
17 p
24 p
31 P
7p

Average of last 4 weeks ;
p - Preliminary
r - Revised




199
198
198
197
r 202

3
4
7
8
9

202 5

200 5

45
46
46
46
45
',

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, m

Total
201 0

1969--January
February
Inarch
April
May
June
July
August
September
October
November p
December p

201
194
195
199
194
197
j
197
195
197
199
201
r 206

7
8
0
2
4
0
8
9
6
3
0
0

Week ending
1969-~Dec

j

2
8
7
2
0

Jan

3
10
17
24
31

p
p
p
p

7 p

202
202
205
205
r*211

212 8

Not seasonally adjusted )

Money Supply
Currency
Demand d e p o s i t
component
component
44 3
156 7

Period
1968—December

billions of dollars

1

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
'47
56
47
46

158.2
151 4
151 3
155 3
15'0 3
152 3
152 7
150.5
152.4
153.7
154 7
159 0

7
0
8
3
9

155.5
155 8
158 8
157 9
r 164 1

46 6

166.3

!
|

Related d e p o s i t s
( A l l commercial banks)
U S. Gov't.
Time
adjusted
demand
203.1
5 0
202 8
202 4
202 9
202.7
202 2
201 0
197.7
195.5
194 3
193 7
192.6
192 A

192
192
192
192
r 192
!

3
3
4
4
5

192 5

1

!

4.9
6 9
4 8
5 4
9 2
6 0
5 6
4 3
5.3
4 2
5 1
r 5 5

6.0
4 4
4 9
7 3
r 5 5
4 8

p - Preliminary
r - Revised
Money supply 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