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FEDERAL

RESERVE

statistical
H

release
For immediate release
January 28,1971

The seasonally adjusted money stock averaged $215.2 billion in the
first three weeks of January, or about $600 million above the December
level* Total time and savings deposits continued to increase rapidly, and
deposits averaged $5.3 billion higher than in December.

MONEY STOCK A&D TIME DEPOSITS
{Averages of daily figures, in billions of dollars)
Seasonally adjusted

!
Period

|

1969—December
1970—January
February
March
Aprxl
MayJune
July
August
September
October
Novembejr
December p
Week e n d i n g
1970—Dec

1971—Jan.

|

!

2
9
16
23
30
6
13 p
20 p

Average of l a s t 4 week!3
r
P

Revised
Preliminary




Money Stock
1

Total

Time d e p o s i t s

Currency
component

adjusted
(All commercial
banks)

Demand d e p o s i t
component

203. 6

46 0

157 7

!

194 6

205 2
204.5
206.6
208.3
209.2
209.6
210.6
211.8
212 8
213 0
213.5
214 6

46 2
46 4
46 7
47.1
47 7
47.8
48 1

i

2
5
7
9

159 0
158 1
159 8
161 2
161 6
161 9
162 5
163 7
164 6
164-5
164 8
r 165 7

193
193
195
198
200
202
208
213
218
222
225
230

214 5
214 2
215 3
213.5
214.7

48.6
48 9
49.0
49.1
49 0

165 9
165 4
166.3
164 4
r 165 8

r 215 4
215.3
215.0

49.2
49.1
49 1

r 166.2
166 2
165.9

215.1

1

48 2
48"
48
48
48

|

49.1

|

166 0

1

|
I

i

3
5
3
5
3
2
2
2
5
2
0
4

227 2
228 8
229.7
231 6
232 3
r

233.6
234.2
235.7
234 Q

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures* in billions of dollars

Not seasonally adjusted )

Money Stock
Period
Total

|

Currency ! Demand d e p o s i t
component
component

1969—December

209 8

46 9

1970—January
February
March
April
May
June
July
August
September
October
November
December p

211 4
202 8
204 7
209 3
205 "3
207 8
209 0
208.7
211 4
213 0
215.3
221.1

46 1
45.9
46 3
46 6
47.3
47.7
48.3
48 3
48.2
48.5
49.2
50 0

217.4
218.3
222 3
221 3
222 0

49.3
50.0
49.8
50.2
50.1

r 227.2
223 . 9
221 3

49.8
49.4
49 0

Week ending
1970—$ec

1971—Jan

2
9
16
23
30
6
13 p
20 p

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

162.9

!
1
!
!
!
i
j

1
!

|

165.4
156.8
158.4
162.6
158.0
160.1
160.7
160.4
163.1
164.5
166.1
r 171.2

1

\

]

168.1
168.3
172.5
171 1
171.9
r 177 4
174.5
172.4

193.2

5.6

192.7
193.0
195.9
199.3
201.1
202.3
208.1
214.0
218.4
222.5
224.6
228.7

4.8
7.1
6.9
5.3
6.4
6.5
6.8
7.1
6.8
6.1
5.6
7.1

225.9
227.3
228 3
229.5
230.2
r

232.2
233.3
234.8

!
i
1

5.7
6.3
5.0
9.2
8.3
r 7.0
4.9
5.0

p^ - Preliminary
r - Revised
NOTE
Money stocks 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