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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

JAN. 19* 1978

IN BILLIONS OF DOLLARS

M!

*3
*4
"2
Mj Plus Time
M 2 Plus
Currency
M 2 P«us
Deposits at
Deposits at
Plus
Large
Commercial Nonbank
Demand
Banks
Negotiable
Thrift
CD's!/
Deposits^/ Other Than
Large CD's 2/ Institutions^/

Date

M5

M 3 Plus
Large
Negotiable
CD's*/

M2

*l

Currency
Plus
Demand
Deposits!/

MI Plus Time
M 2 Pius
M2 Plus
Deposits at Deposits at
Large
Commercial
Nonbank
Banks
Negotiable
Thrift
Other Than Institutions^
CD's*/
Large CD's^

1237.9

609.5

1302.1

319.7
309.9
312.4
322.3
315.5
321.4
327.2
325.2
328.2
332.5
335.4
344.9

751.2
747.2
756.2
770.0
766.2
774.5
784.0
764.4
788.9
796.4
r 800*0
611.7

1251.4
1253.1
1269.6
1290.2
1290.3
1305.7
1322.1
1326.6
1337.1
1350.6
1357.4
1374.1

814.3
808*5
817.0
830.1
827.4
837.5
846. b
648.8
654.3
864.7
871.6
887.6

1314.5
1314.4
1330.7
1350.3
1351.4
1368.7
1364.9
1391.1
1402.6
1419.0
1429.0
1450.1

873.6
873.6
876.3

338.1
332.5
334.4

802.4
797.9
799.6

873.5
870.3
872.9

679.0
879.1
681.0
682*9

341.5
343.1
345.3
r 345.2

807.4
809.5
611.2
r 812.5

881.4
884.8
667*7
r 869.9

889.5
686.6

r

r

r

740.3

1237.1

603.5

1300.3

321.3

1977 — JAN.
FEB.
MAR.
APR.

313.8
314.0
315.4
320. &
320.7
321.9
326.8
328.4
330.4
333.7
333.3
335.4

746.3
750.7
756.1
764.6
767.6
772.8
783.5
767.7
792.9
799.6
r 802.7
606.5

1248.9
1258.2
1266.1
1261.2
1289.0
1299.5
1316.9
1329.5
1343.1
1357.1
1365.6
1373.9

809.3
614.0
818.2
826.2
829.9
836.6
846.3
650. 9
856.2
865.9
873.5
861.2

1312.0
1321.5
1330.3
13<*2.6
1351.3
1363.5
1379.6
1392.7
1406.3
1423.5
1436.5
1448.7

334.1
331.5
333.2

803.0
801.8
803*6

334.9
333.9
335.4
335.7

806.1
805.1
605.8
806.9

r

M 3 Plus
Large
Negotiable
CD's^

745.3

312.4

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC. P

*5

Not Seasonally Adjusted

Seasonally Adjusted
1976 — DEC.

HAY

M4

M3

r

r

r

WEEK ENDING:
1977-NOV.

16
23
30

DEC.

7
14
21
28

1978-JAN.

4 P
11 P

r

340.0
336.6

r
r

612.8
810.6

r
r

357.7
349.5

628.1
621.8

905*4
698.3

I/ 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 (31 CURRENCY OUTSIDE
THE TREASURY, f-.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, IN ADDITION 70 C U R R E N C Y AND DfcMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER T H A N N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN DtNOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING C O M M E R C I A L BANKS.
3/ INCLUDES M2, PLUS THE A V E R A G E OF THE BEGINNING AND END OF MONTH DEPOSITS OF M U T U A L SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
C R E D I T UNION SHARES.
4/ INCLUDES M2, PLUS N E G O T I A B L E TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.

p - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Release H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED A N N U A L RATES
M

i

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-!/ Banks Other Than
Large CD's^

DATE

>EC.

MA

M3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M4

M2 Plus Large
Negotiable CD's^

M

5

Ma Plus Large
Negotiable CD's"'

FROM:

fcPT. 1977

(3 MONTHS PREVIOUS)

6.1

6.9

UNE

1977

(6 MONTHS PREVIOUS)

8.4

8.7

11.5

EC.

1976

(12 MONTHS PREVIOUS )

7.4

6.9

li.l

9.2

11.7

12.1

10*6

12.5

9.7

11.4

OUR WEEKS ENDING: JAN. 11* 1978
FROM FOUR WEEKS ENDING:
CT.

12,

1977(13 W E E K S PREVIOUS)

5.7

6.4

11.3

ULY

13,

1977(26 WEEKS PREVIOUS)

6.2

8.1

10.4

AN.

12,

1977(52 WEEKS

7.2

8.7

PREVIOUS)

9.5

I/ INCLUDES (1) D E M A N D DEPOSITS AT ALL C O M M E R C I A L 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 TEASURY, F.R.BANKS AND VAULTS OF ALL C O M M E R C I A L BANKS.
2/ INCLUDES, IN A D D I T I O N TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN N E G O T I A B L E T I M E CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTI N G C O M M E R C I A L BANKS.
3/ I N C L U D E S M2, PLUS THE A V E R A G E OF THE B E G I N N I N G AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
C R E D I T UNION SHARtS.
4/ INCLUDES M2, PLUS N E G O T I A B L E TIME C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ I N C L U D E S M3, PLUS N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORc.
NOTE: ALL R A T E S OF CHANGE ARE B A S E D ON DAILY A V E R A G E DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Release H.6

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS

Time and Savings Deposits
Date

Currency

Demand Deposits

CD's]J

Other

Total

Nonbank
Thrift Institutions 27

1976— DEC.

80.5

231.9

63.3

427.9

491.1

496.8

1977 — JAN.
FE6.
MAR.
APR.

61.1
81.8
82.2
83.1
83.6
84.0
85.1
85.5
66.4
87.1
87.8
68. t

232.7
232.1
233.2
237.4
237.1
238.0
241.7
242.9
244.0
246.6
245.5
247.0

63.1
63.3
62.2
61.6
6k. 3
63.9
62.8
63.2
63.2
66.4
70.9
74.7

432.5
436.7
440.6
444.1
446.9
450.9
456.7
459.3
462.6
465.9
469.4
471.1

495.6
500.0
502.8
505.7
509.2
514.8
519.5
522.5
525.8
532.2
540.3
545.8

502.6
507.5
512.1
516.6
521.4
526.7
533.5
541.7
550.2
557.5
563.0
567.4

16
23
30

87.7
87.7
88.1

246.4
243.8
245.1

70.5
7i.b
7^.5

466.9
470.3
470.7

539.5
542.2
543.2

7
14
21
28

88.0
88.1
68.5
68.7

246.9
245.7
246.9
246.9

72.9
74.0
7!>.2
76.0

471.2
471.3
470.4
471.3

544.1
545.3
545.7
547.3

4 P
11 P

88.7
68.7

472.8
474.0

549.5
550.1

MAY
JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC. P

WEEK ENDING:

1977-NOV.

DEC.

1976-JAN.

r
r

251.3
247.9

r

76.6
76.0

r

I/ INCLUDES NEGOTIABLE TIME C E R T I F I C A T E S OF DEPOSIT ISSUED IN D E N O M I N A T I O N S OF $100,000 OR M O R E BY L A R G E W E E K L Y REPORTING COMMERCIAL BANKS.
2/ A V E R A G E CF BEGINNING AND END OF MONTH DEPOSITS AT M U T U A L S A V I N G S BANKS, S A V I N G S AND LOAN SHARES, AND CREDIT UNION SHARES.

p - PRELIMINARY;




R - REVISED

FEDERAL RESERVE Statistical Release H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Demand Deposits
Date

Currency

Member

Total^

Time and Savings Deposit

Domestic
Nonmember2f

CD's^/

Other

Total

Nonbank
Thrift
Institutions4/

U.S. Gov't.
Demand-^

1976 — DEC.

82.0

239*3

168.5

67.3

64.3

423.9

488.2

492.6

4.7

1977— JAN.

80.5
60.8
81.6
82.8
83.4
84.2
65.7
65.8
86.1
66.9
66.4
90.0

239.2
229.1
230.9
239.6
232.1
237.1
241.4
239.3
242.1
245.6
247.0
254.9

168.1
161.0
162.1
167.6
161.8
165.1
167.7
166.3
167.5
170.0
170.3
176.3

67.5
64.6
6r> .2
68.3
66. &
66.3
69.5
69.1
70.4
71.3
72.4
74.3

63.1
61.3
6O.8
60.1
61.2
63.0
62.8
64.5
65.4
68.3
71.6
75.9

431.5
437.3
443.6
447.7
450.7
453.2
456.9
459.2
460.7
463.8
464.6
466.8

494.6
498.6
504.6
507.7
511.8

500.2
505.9
513.6
520.2
524.1
531.1
538.1
542.3
546.2
554.3
557.4
562.4

4.2
4.4
4.5
5.6
3.8
5.2
3.9
3.7
5.4
4.1
3.6
r 5.4

FE6.
MAK.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
UCT.
NOV.
DEC. P

r

r
r

516.1

519.6
523.7
526.1
532.2
536.2
542.7

1

KEEK ENDING:
1977-NiOV.

16
23
30

DEC.

7
14
21
28

1976-JAN.

4 P
11 P

r

88.5
68.5
88.2

249.5
244.1
246.2

171.5
167.8
170.2

73.6
72.1
71.7

71.1
72.5
73.3

464.3
465.3
465.2

535.4
537.8
538.5

3.3
4.6
4.1

89.7
69.6
90.2
90.8

251.6
253.3
255.1
254.5

174.2
174.9
176.2
175.7

73.4
74.2
74.6
74.3

74.0
75.2
76.5
77.4

465*9
466*4
465.9
467.3

539.9
541.6
542.4
544.7

3.1
2.9
9.2
r 5.8

77.3
76.6

r 470.4
472.3

547.7
548.8

r 7.0
4.4

89.5
89.4

r

268.2
260.0

r

186.7
178.4

r

76.9
77.1

r

;

I/ TOTAL DEPOSITS INCLUDE, IN ADDITION TO THE M E M B E R AND DOMESTIC NONMEMBER. DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
Z/ BASED ON MOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES N E G O T I A B L E TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS 0' $100,000 OR MORE BY LARGE WEEKLY
REPORTING COMMERCIAL BANKS.
4/ A V E R A G E OF BEGINNING AND fcND OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.

5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P - PRELIMINARY; R - REVISED