Full text of H.6 Money Stock Measures : July 21, 1966

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FEDERAL
^statistical

RESERVE

release

H.6

For immediate release
July 21, 1966.

The seasonally adjusted jnonjey supply declined sharply in the week ending
July 13, and levels for the first two: weeks of July averaged $600 million below the
June average. Expansion of time deposits at all commercial banks has accelerated
somewhat in the first two weeks of July.

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

Mo-ney Supply
Period

Demand deposit
component

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

1965—June
July
August
September
October
November
December

16178
162.5
162.7
164.3
165.6
165.7
167.4

Currency
component
35
35
35
35.
35.
36.
36,

1966—January
February
March
April
May
June p

168.4
168.0
169.2
171.1
169.5
171.1

36.7
36.8
36.9'
37.1
37,3
37.3

131.8
131.2
132,.3
134..0
132 .2
133.8

148.0
148.8
149.6
151.6
152.9
153.3*

Week ending:
1966—June 1
8
15
22
29 p
July 6 p
fl3 p

168,
170
170.
172.
170.8
'171.2
169.5

37.3
37.3
37.4
37.4
37.4

131
133
133
135.
133,

153.6
153.8
152.8*
152.9*
153.3*

37 .4
37 .6

133.8
131.9

153 9*
154.6*

Total

126.8
127.3
127.3
128.7129.7
129.6
131.2

i!53.7*
133.7
37*5
171,1
Average of l a s t weeks
reclassified
* Effective June 9, balances accumulated for payment of personal loans were
for reserve purposes and are excluded Ifrom time deposits reported by member banks. The
estimated amount of such deposits at alll commercial banksi ^1,140 million) is; excluded
from time deposits adjusted beginning ^Ith the week of June [ 15.
J
NOTE: Components may not add due to rounding. See reverse"side of data without
 adjustment and for description of series.
seasonal
p - Preliminary.


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

1

Total

Demand d e p o s i t
component

Currency
component

124.6
125.6
125.0
127.5
129.8
130.9
135.0

1965—June
July
August
September
October
November
December

159.6
160.9
1 160.5
[ 163.2
165,-8
| 167.4

1966—January
February
March
April
May
June p

173.0
167.8
i 167.8
171.6\ 166.9
168.8

Week ending:
19J66—May
4
11
1*
25

j 170.2
168.8
166.8
164.6

^36.7
37.2
37.0
36.8

1
8
15
22
29 p

165. 6
167.7
169.8
171.0
166.9

37.0
37.4
37.4,

j
!
!

37.1

37.4

1

6 p
13 p

168.7
168.0

37 8
38.0

June

July

Related d e p o s i t s
( A l l commercial banks)
Time
U. S , G o v ' t .
adjusted
demand

Money Supply

Period

1

1 172.0

j

34.9
35.4
35.5
35.6
36 .-0
36.5
37.0
36.5
36.3
36.5
36.8
37.0
37*3

1
!
\

;

!
j
|

\

136.6
138.3
140.2

S 141.4
1 143.5
147.4

131.5

I 148.7
!
[
;
j

133^5
131.6
129.8
127.8
128-6
130.2
132.4
133.7
129.8
130.8
129.7

!

144.4
145.3

136.5
131.3
134.8
129.9
131.5

i

150.2
152.2
153.9
154.0*

153.1
153.5
153.8
154.2
!
•
1

154.6r
154.7
153.7*
153.5*
154.1*
154>8*
155.3

!
|

9.3
9.1
3L.4
5.6
5.0
4.0
4.5
3.7
5.1
4.6
3.0
7.2
6.2
5.9
6.4
7.7
7.7

l

7;2
5.7
3.2
5.2
9.8

;
;

10.8
9.0

*Efifective June 9, 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 beginning with the week of June 15.
p ^Preliminary,
r - Revised, j
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
thej 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.