Full text of H.6 Money Stock Measures : July 5, 1979

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F E D E R A L R E S E R V E statistical release
H.fj508)

FEDERAL RESERVE Staitotloal

TaWe 1

MONEY STOCK MEASURES
JULY

IN BILLIONS OF DOLLARS

M-1 +

M-1

M-1 Plus
Savings
Deposits at
CB'sand
Checkable
Deposits at
Thrift Inst. 2/

Currency
Plus
Demand

M-4

M-1 Plus
M-2 Plus
Time
M-2 Plus
Deposits at Deposits at
Large
Commercial
Negotiable
Banks Other
Thrift
CD's 5/
Than Large Institutions^/
CD's £/
TtMimall
1
922.9
929.3
936.6
944.1
954.1
95 8.8
969.1
972.4
975.5
978. P
978.5
984.8
984.4

M-1 +

M-5

M-1

M-3 Plus
Large
Negotiable
CD's*/

Currency
Plus
Demand
Deposits-!/

M-2

M-1 Plus
M-2 Plus
Time
Deposits at Deposits at
CB'sand Commercial
Thrift
Checkable Banks Other
Deposits at Than Large Institutions-*/
Thrift Inst. 2/ C D ' s i /

576.1
578.6
580.1
583.6
589.5
589.9
587.7
587.1
5*3.2
580.0
579.5
r 584.9
r 583.8

2
9
16
23
30

364.2
364.8
364.3
364.5
364.0

r 584.1
X 5*4.4
* 5P3.6
r
583.8
r 533.2

891.8
892.7
892.9
894.4
895.3

985.3
985.4
984.3
984.3
9B3.6

362. 5
360.5
360.9
356.5
356.2

r
r
r
r
r

5P3.6
581.9
582.0
577.7
^77.3

39?.5
891.7
893.2
P.90.4
r 891.6

371.1
368.5
368.9
36«.6

r
r
r

Q03.4
902.9
904.8
905.3

9B9.3
987.3
989.2
989.9

370.2
369.4
368.6
363.6

r
r
r

5O2.4
592.0
591.0
5P5.7

r

13
20P
270

r

197<J

M-4

M-5

M-2 Plus
Large

M-3 Plus
Large
Negotiable
CD's*/

CD's &

irf

834.9
844.0
851.3
853.4
861.1
867.5
871.0
881.5
87^.6
971.0
878.2
89*.P
892.1

350.7
352.5
354.4
356.7
360.7
361.2
360.6
361.2
359.7
358.6
359.0
364.3
364.5

142?. 0
1433, 1
1444, 5
1458, 0
1474.1
1484. 8
14°3, 1
1500, 1
1503. 7
1509, 7
1517, 5
1530, p
1537. 0

M-3

M-1 RUB
Savings

836.7
842.6
848.6
856.5
865.6
870.2
873.7
875.8
875.0
876.7
879.5
88*;.8
8Q3.8

1978—MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979 — JAN.
FEB.
MAR.
APR.
MAY

WEEK

M-3

M-2

•it

r

1508. 2
1519. 8
1532. 5
1545. 6
1562. 6
1573. 4
1588. 6
1596. 7
1604. 2
1611. e
1616. 5
1625. c
1627. 6

572.7

345.5
351.8
356.2
354.1
358. 5
361.0
36?.6
371.3
365.4
351.9
353.7
367.4
359.1

^83.7
580.9
5P5.^
^88. 0
587.8
595.1
588.2
572.6
575.5
r 590.5
r 5P0.3

1421. 3
1436. 8
1450. 1
1455. 1
1468. 6
1480. Q
14P7. 2
1502. 8
1506. 8
1502. 1
1517. 4
1540. 8
r 1536. 4

919. «;
930. 3
938. 6
9 4 1 . e;
951. 4
95 8. 3
967. 4
981. 0
980. 7
970. 6
975. 7
989. 5
981. 1

1506.0
1523.1
1537.5
1*43.?
1558.9
1571.7
15^3.5
1602.4
1607.9
1601.^
1614.9
KS33.5
r 1625.4

ENDING :

1979-MAY

JUNE

591.0
^89.2
589.9
589.6

982. Q
981. 7
982. 7
979. 1
979.

906.3
Q07.0
r 906.?
901.5

991, 8
9l. 0
r 989. q
985. 8
C

1/

INCLUDES ( 1 ) DEMAND n e p ^ S I T S AT A L L COMMERCIAL BANKS PTHER THAN THOSE DJE TO DOMESTIC COMMERCIAL BANKS AND THE U . S .
. L E S S CASH ITEMS I N T H E °RTCESS OF COLLFCTIOM AND F . R . F L O A T ;
( 2 ) FOREIGN DEMAND BALANCES AT F . R . B A N K S ; AND ( 3 ) CURRENCY
THE TRPASURY, F . R . B A N K S AND VAULTS OF A L L COMMERCIAL B A N K S .
2 / INCLUDES M l , P L l J s SAVINGS DEPOSITS AT COMMERCIAL R A N K * , NOW ACCOUNTS AT &ANKS AND T H R I F T I N S T I T U T I O N S , CREDIT UNION SHARE DRA«=T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS B A N K S .
3/
4/
5/
6/
P -

INCLUDES,

I N ADDITION

TO CURRENCY

AND DFMAND D E P O S I T S *

SAVINGS

DE°OSITS,

TIME

DF^PSTTS

HPFN ACCOUNT,

AND T I « E

C E R T I F I C A T E S OF

ING COMMERCIAL
BANKS N E G H T I A B L E T I M E C E R T I F I C A T E S OF D E T n S I T I S S J E D I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MOPE 3Y LARGE WEEKLY REPORTDEPOSITS
OTHER THAN
IMCLUDES M ? , PLUS THP AVERAGE CF THE B E G I N N I N G AND END OF MONTH DEPOSITS
R I T U A L SAVINGS BANK, SAVINGS AND LOAN SHAPES, AND
C R E D I T UNION SHARES.
INCLUDES M2t PLUS NEGOTIABLE T I " E C E R T I F I C A T E S OF n p ^ O S l T ISSUED I N DPMQMINATIONS
$ 1 0 0 , 0 0 0 OR MORE.
T
INCLUDES M 3 , PLUS NEGOTIABLE T I M E C E R I F I C A T E S , O F DEPOSIT I S S J E D I N D E N O M I N * T I H N S OF « 1 0 0 , 0 0 0 OR MORF.
PRELIMINARY;




R -

REVISED

Table 2

H.6(508)

MONEY STOCK MEASURES
LY ADJUSTED ANNUAL RATES

PERCENT CHANGE AT
M-1
Currency
Plus
Demand
Deposited

Daft

MAY

M-1 Plus Savings
Deposits at CB's
and Checkable
Deposits at
Thrift tot. 2/

M-2

M-3

KM

M-1 Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's 3/

M-2 Plus Deposits
at Nonbank Thrift
Institutions 1 /

M-2 Plus Large
Negotiable CD's §/

M-3 Plus Large
Negotiable CD's §/

FROM:

FEB.

1979

(3 MONTHS PREVIOUS)

6.6

2.6

7.8

7.2

2.3

3.9

NOV.

1978

( 6 MONTHS PREVIOUS)

2.2

-1.3

4.6

5.9

3.2

4.9

MAY

1978

(12 MONTHS PREVIOUS)

^.9

1.3

6.8

T.I

6.7

7.9

FOUR WEEKS ENDING : JUNF.
FROM FOUR WEEKS ENDING:

27,

1979

MAR.

28,

1979(13 WEEKS ORFVinUS)

11.1

6.9

11.2

4.1

DEC.

2 7 , 1978(26 WEEKS PREVIOUS)

4.7

1.1

$.6

3.5

JUNE

2 8 , 1978(52 WEEKS PREVIOUS)

4.7

1.9

7.3

6.4

1/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUF TO 3OMFSTIC COMMERCIAL; BANKS AND THE U .S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS O c COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT «=.R,BANKS; AND (31 CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
,
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS* CREDIT UNION SHARC DRAFT T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS O°EN ACCOUNT, AND TIME CERTIFICATFS OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSJ*=D IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY PFPORTING COMMERCIAL BANKS.
4/ INCLUDES M?, PLUS THE AVERAGE OF THE BEGINNING AND END OF MDNTH DEP3SITS OF MUTUAL SAVINGS BANK$, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARFS.
5/ INCLUDES M?, PLUS NEGOTIABLE ^IME CERTIFICATES OF DE°OSIT ISSUED IN DENOMINATIONS OF *n0,000 OR MOPF.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN OENOMINATIOMS OF $100,000 OR MHR?.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY AVERA^P DATA; RATES nc CHANGE ARF NOT




FEDERAL RESERVE Statistical Ratoasa H.6

Tabto 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY AD JUSTED, IN BILLIONS OF DOLLARS
Time and Savings Daposlt*^
Date

Currency

Ufniianu

Deposits

Time Deposits
CD's-2/

Savings 3/

Total

Nonbank
Thrift
Institutions 4/

2?2.8
223.5

585.?
590.*
595.P
601.5
608.^
614.6
619.5
624.4
628.7
633.0
638.0
641.0
r 643.2

Other

92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
98.2
98.9
99.4
100.2
100.7

258.8
260.0
261.2
262.8
265.5
265.3
264.0
263.7
261.5
259.7
259.5
264.1
263.8

86.2
86.7
88.0
87.6
88.5
88.6
95.4
96.6
100.5
102.1
99.0
95.0
90.6

263.2
266.6
271.2
275.7
278.9
283.2
288.8
291.5
294.6
299.5
302.8
307.9
313.0

222.9
224.1
226.0
225.9
224.3
?23.0
220.8
218.6
217.7
217.7
216.4

572.2
576.8
582.1
587.4
593.5
597.7
608.5
611.2
615.8
620.2
619.5
620.6
619.9

2
9
16
23
30

100.4
100.4
100.6
100.8
101.3

263.8
264.4
263.7
263.7
262.7

93.6
92.7
91.5
89.8
88.2

310.7
311.3
312.2
313.7
315.1

216.9
216.6
216.3
216.3
216.2

621.1
6? 0.6
620.0
619.8
610.6

6
13
20P
27P

101.4
101.2
101.4
101.9

269.6
267.3
267.5
266.7

35.9
84.4
r 84.4
84.5

315.4
316.7
317.9
318.7

217.0
217.7
218.0
218.0

r 618.2
618.9
620.3
621.3

1978—MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR.
APR.
MAY

WEEK ENDING :

1979-MAY

JUNE

r
r

If TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,003 OR MORE 3Y LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHAPES, AND CREDIT UNION SHARES.
P - PRELIMINARY; R - RFVISED




FEDERAL RESERVE Statistical Reserve H.6(508)

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILUONS OF DOLLARS
Time and Savings Deposit^

Demand Deposits
Date

Currency
Total-^

1978 —MAY
JUNE
JULY
AUG.
SFPT.
1CT.
NPV.
DEC.
1 9 ™ - - JAN.
C
EP.
MAR.
APR.
MAY

Member

Domestic^
Nonmember

91.9
97.8
93.9
^4.2
94. 9
95.6
C
7.3
99.1
97.4
97.6
98.6
99.9
100.6

253.6
259.0
262.3
259.9
263.6
265.3
265.3
272.2
26*.0
254.2
255.1
267. 5
2^8.5

172.7
175.8
177.9
176.2
178.3
179.4
178.4
183.0
179.3
169.6
170.4
178.5
171.8

77.0
79.2
80.4
79.8

9Q.2
101.2

263.3
259.4
260.1
256.1
255.6
268.3
267.3
266.9
262.4

Time Deposits
CD's* 7

84.6
86.3
87.3
«B.O
90.3
90.8
96.4
99.5
101.1

Savings-^

264.8
267.1
270.3

2.6
2.6
2.7

Nonbank
Thrift
Institutions.'

5 86.4
592.8
598.8
601.7
607.5
613.4
616.2
621 .4
627.1
631.1
639.2
644.0
r 644.3

U.S.
Gov't.
Demand 57

21«.O
218.9
??0.1
218.7

312.0
312.8
314.2
315.7
317.3

218.1
718.3
218.1
218.2
21*.l

620.3
671.2
621.8
622.7
673.1

7.5
9.9
7.8
8.8

r 316.9
318.0
r 318.3
318.8

219.2

621.6
621.7
621.3
622.1

4.4

219.6
219.4
219.1

82.6

175.6
172.0
172.7
170.2
170.2

83.8
83.3
83.3
81.8
81.0

90.3
90.0
89.5
88.7
87.7

178.7
177.1
r 177.3
174.5

35.5

85.5
85.7
83.6

85.1

Other
Checkable
Deposits

574.1
578.5
582.4
587.4
592.9
597.4
604.8
609.7
615.?
618.7
622.0
627.1
67?.0

99.6
97.5
92.6
88. 0

83.2
85.2
84.6
80.7
80.6

Total

Other

275.2
278.4
282.3
786.0
289.2
294.3
301.1
305.5
309.3
314. o

81.4
82.2

7

774.6
225.1
224.8
224.1
2?4.2
224.2
722.4
220.9

219.9

2.7

2.8
2.8
2.Q

2.9
2.8
2.8
2.8

r
r

?.O
3.0

4.0
6.7
4.4
3.5
6.7
4.2
8.0

10.2
11.9
8.3
6.5
5.3
8.4

WEFK ENDING:

1979-MAY

2
9

16
23
30

J'JN'F

6
13

23°
27P

100.8

100.4
100.6
101.9
102.1
101.7
101.2

.
:

r

84.9

84.0
r 83.7
84.3

7.8

^.1

16.8
13.4

i

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMFRCIAL BANKS.
7/ TOTAL DEMAND DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWN, 0E°OSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.P.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FORFIGN BANKS.
3/ BASED ON MOST RECENT CALL REPORT DATA.
4/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPnSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING
COMMERCIAL BANKS.
5/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
6/ INCLUDES NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHAPE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS' BANKS.
7/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AMD CREDIT UNION SHARES.
8/ U.S. GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS. INCLUDES TREASJRY NOTE BALANCES, BEGINNING NOVEMBER 2, 1978.
P - PRELIMINARY; R - REVISED




Special Supplementary Table
Savings Deposits Authorized for Automatic Transfer
(ATS) and NOW Accounts in New York State at
Insured Commercial Banks^'
(amounts outstanding, millions of dollars)
2/
ATS Accounts—'

2/

NOW Accounts in New York State

30

6305

1610

6

6750

1720

June 13

6750

1795

20

6750

1810

27

6745

1690

May

_1/
2j

Excluding commercial banks in Massachusetts, New Hampshire, Connecticut, Rhode
Island, Maine and Vermont,,
Estimates are based on data collected by the Federal Reserve and the FDIC from
a stratified random sample of 351 commercial banks.