Full text of H.6 Money Stock Measures : July 14, 1966

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FEDERAL
statistical

RESERVE

release

For immediate r e l e a s e
J u l y 1 4 , 1966.
The s e a s o n a l l y a d j u s t e d money supply averaged $ 1 7 1 . 2 b i l l i o n i n the
week e n d i n g J u l y 6 , $ 1 0 0 m i l l i o n h i g h e r than i n t h e month o f J u n e . Time d e p o s i t s
a d j u s t e d i n c r e a s e d $600 m i l l i o n i n t h e f i r s t week of J u l y .

MONEY SUPPLY AND TIME DEPOSITS
A v e r a g e s lof d a i l y f i g u r e s , i n b i l l i o n s of d o l l a r s
Seasonally adjusted

Money Supply
,

Period

!

Total
^

1965 —June
July
August
September
October
November
December

n

t

161.8
162.5
162.7
164.3
16±"6
165.7
T67.4
1

[

r

1966—January
February
March
April
May
June p
Week ending:
1966—June 1
8
15
22
29 p
July

6 p

j

1

I

Currency
component
35J)
35.2
35.4
35.6
35.9
36.1
36.3

|

Time deposits

I
!

adjusted
(All commercial
banks)
135.9
137.6
140.1
141.6
143.6
145.5
147.0

Demand'deposit
component
1

120

127.3
127.3
128.7
129.7
129.6
131.2

1

169.4
16S.0
171.1

w 1
168 . 9
170 .5
170
172 U
7018

1

131.8
131.2
132.3
134.0
132.2
133.8

;
j

148.0
148.8
149.6
151.6
152.9
153.3*

u

37.3
37.3
37.4
37.4
37.4

131.6
133.?
133.2
135.4
133.5

153.6
153.8
152.8*
152.9*
153.3*

l 71 2

37.4

133.9

153 9*

r
i

!

36.7
36.8
36.9
37.1
37.3
37.3

|

134.0
1 153.2*
37.4
1
171.fi
Average of l a s t weeks
* E f f e c t i v e J u n e 9 , b a l a n c e s ajccinfaulated f o r payment o f p e r s o n a l l o a n s were r e c l a s s i f i e d
f o r r e s e r v e p u r p o s e s and a r e e x c l u d e d ^rom time d e p o s i t s r e p o r t e d by member banks. The
e s t i m a t e d amount o f s u c h d e p o s i t s l a t aill commercial Jj>anks ( $ 1 , 1 4 0 m i l l i o n ) i s excluded
from t i m e d e p o s i t s a d j u s t e d bejginxiing w i t h t h e week o f June 1 5 .
NOTE: Components may n o t add flue t o r b u n d i n g . See r e v e r s e s i d e of d a t a without
s e a s o n a l a d j u s t m e n t and f o r de|scri|ptiop. o f s j e r i e s .
P - Preliminary.




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS]
1

i

(Averages of daily figures, in billions of dollars.

Not seasonally adjusted.)

Money Supply

Period
Total

Currency
component

Demand deposit
component

Related deposits
(All commercial banks')
U. S. Gov't;,
Time
demand
adjusted

1965—June
July
August
September
October
November
December

159.6
160.9
160.5
163.2
165.8
167.4
172.0

34.9
35.4
35.5
35.6
36.0
36.5
37.0

124,.6
125,.6
125.0
127.5
129.8
130..9
135..0'

136.6
138.3
140.2
141.4
143.5
144.4
145.3

1966—January
February
March
April
May
June p

173.0
167.8
167.8
171.6
166.9
168 .-8

36
36.
36.
36.8
37.0
37.3

136..5
131..5
131..3
129.9
131.5

147.4
148.7
150.2
152.2
153.9
154.0*

Week ending:
1966—May
4
11
18
25

170.2
168.8
166.8
164.6

36.7
37.2
37.0
36.8

133.5
131.6
129.8
127.8

153.1
153.5
153.8
154.2

5.9
6.4
7.7
7.7

165.6
167.7
169.8
171.0
166.9

37.0
37.4

37.4
37.4
37.1

128.6
130.2
132.4
133.7
129.8

7.2
5.7
3.2

168.7

37.8

130.8

154.6r
154.7
153.7*
153.5*
154.1*
154.8*

June

1
8
15
22
29 p
July 6 p

134.8

9.3
9.1
7.4
5.6
5.0
4.0
4.5
.7
,1
.6
.0
,2
,2

5:2
9.8
10.8

-=—rte-

*Effestive June .9, balances accumulated for payment of personal loans were jreclas, sified for reserve purposes and are excluded from time deposits reported by member
banks. The estimated amount of such deposlits at all commercial banks ($1,140 million)
is [excluded from time deposits ad justedf beginning Iwith the week of June 15.
p r Preliminary.
r - Revised.
I
I
'
NOTE: 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 adjusjted are timel deposits at all
commercial banks other than those due to domestic commercial banks and the U. S.
Government.