Full text of H.6 Money Stock Measures : June 14, 1979

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F E D E R A L R E S E R V E statistical release
Tabtel

FEDERAL RESERVE Statistical Release H.6(508)

For liwnodlate Roloeee

MONEY STOCK MEASURES
JUNE

IN BILLIONS OF DOLLARS
M-1

M-1 +

M-2

M-3

M-1 Plus
M-1 Plus
M-2 Plus
Time
Savings
Currency
Deposits at Deposits at Deposits at
Plus
CB's and
Commercial
Nonbank
Demand
Thrift
Deposits y Checkable Banks Other
Deposits at Than Large Institutions*/
CD's 5/
Thrift lnst._2/

Date

M-4

M-5

M-2 Plus
Large
Negotiable
CD's 5/

M-3 Plus
Large
Negotiable

922.9
929.3
936.6
944.1
954.1
958.8
969.1
972.4
975.5
978.8
978.5
984.8
984.6

1508.2
1519.8
1532.5
1545.6
1562.6
1573.4
1588.6
1596.7
1604.2
1611.8
1616.5
1625.9
1627.5

M-1

M-1 +

ncT.

NOV.
DFC.
1979—JAN.
FEB.
MAR.
ADP.
^lAY p

WEEK

M-3

M-4

M-2 Plus
Large

M-3 Plus
Large

Negotiable

Negotiable

CD'S 5/

CD's &

345.5
351.8
356.2
354.1
358.5
361.0
362.6
371.3
365.4
351.9
353.7
367.4
359.3

572.7
579.5
583.7
580.9
585.5
588.0
587.8
595.1
588.2
572.6
575.5
590.4
580.4

834.9
844.0
851.3
853.4
861.1
867.5
871.0
881.5
879.6
871.0
878.2
896.8
892.3

982.5
986.1
986.9

367.1
373.8
367.1

591.9
596.9
589.0

897.4
902.6
896.3

991.7
995.1
987.3

891.8
892.7
892.9
r 8<H.4
r 895.3

985.3
985.4
984.3
r 984.3
r 983.5

362.5
360.5
360.9
r 356.5
r 356.2

583.5
581.8
581.9
r 577.6
577.3

892.5
891.7
893.2
r 890.4
r 891.6

982.9
981.7
982.7
r 979.1
r 979.3

903.3

989.2

370.1

592.2

906.2

991.7

350,7
352.5
354.4
356.7
360.7
361.2
360.6
361.2
359.7
358.6
3 59.0
364.3
364.7

576.1
578.6
580.1
583.6
589.5
589.9
587.7
587.1
583.2
580.0
579.5
584.8
584.0

836.7
842.6
848.6
856.5
865.6
870.2
873.7
875.8
875.0
876.7
879.5
889.8
894.C

361.5
365.8
366.2

582.6
586.5
586.7

886.6
890.9
892.6

364.2
364. 8
364.3
r 364.5
r 364.0

584.0
584.3
583.5
r 583.7
r 583.1
590.8

1422.0
1433.1
1444.5
1458.0
1474.1
1484.8
1493.1
1500.1
1503.7
1509.7
1517.5
1530.9
1536.9

M-5

Not Seasonally Adjusted

Seasonally Adjusted
1978—MAY
JUNE
JULY
AUG.
SEPT.

M-2

M-1 Plus
M-1 Plus
Savings
Time
M-2 Plus
Currency
Deposits at Deposits at Deposits at
Plus
Commercial
Nonbank
CB's and
Demand
Thrift
Deposits J/ Checkable Banks Other
Deposits at Than Large Institutions-*/
CD's 3/
Thrift Inst. 2/

14, 1979

1421.3
1436.8
1450.1
1455.1
1468.6
1480.9
1487.2
1502.8
1506.8
1502.1
1517.4
1540.9
1536.3

919.5
930.3
938.6
941.5
951.4
958.3
967.4
981.0
980.7
970.6
975.7
989.5
981.3

1506.0
1523.1
1537.5
1543.2
1558.9
1571.7
1583.5
1602.4
1607.9
1601.7
1614.9
1633.5
1625.3

ENDING:

1979-APR.

MAY

JJME

11
18
25
2
9
16
23
3OP
6P

370.9

1/ 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.".FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) 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 SHARE DRAFT
ACCOUNTSt AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING CCMMERCIAL BANKS.
4/ INCLUDES M2, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 CR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
P - PRELIMINARY; R - REVISED




M H.6(508)

FEDERAL RESERVE I

Tata 2

MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

Date

MAY

M-1

M-1+

M-2

M-3

M-4

M-5

Currency
Plus
Demand
Deposits17

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

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

M-2 Plus Deposits
at Nonbank Thrift
Institutions!/

M-2 Plus Large
Negotiable CD's y

M-3 Plus Large
Negotiable CD's §/

FROM:

FEB.

1979

NOV.

1978

MAY

1978

6.8

2.8

7.9

(6 MONTHS PREVIOUS)

2.3

-1.3

(12 MONTHS PREVIOUS)

4.0

1.4

(3 MONTHS PREVIOUS)

FOUR WEEKS ENDING: JUNE
FROM FOUR WEEKS ENDING:

6,

7.2

2.4

3.9

4.6

5.9

3.2

4.9

6.8

8.1

6.7

7.9

1979

MAR.

7 , 1979(13 WEEKS PREVIOUS)

8.0

3.7

8.7

2.4

DEC.

6 , 1978(26 WEEKS PREVIOUS)

3.0

-0.7

5.1

3.1

JUNE

7 , 1978(52 WEEKS PREVIOUS)

4.1

1.4

6.9

6.5

1/ 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; ANO (3) 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 THPIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING CCMMERCIAL BANKS.
4/ INCLUDES M2, «>LUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS ANO LOAN SHARES, AND
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE S t a t i c a l

Table 3

H.i(508)

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

Time and Savings DepeeltaV
Date

Currency

Demand
Deposits

Time Deposits
Savings^
CD's;*/

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

WEEK

Total

Nonbenk
Thrift
InetttuHoneM/

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
100.8

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
312.9

222.8
223.5
222.9
224.1
226.0
225.9
224.3
223.0
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
62 0.6
619.9

11
18
25

99.8
100.1
100.2

261.7
265.7
266.1

95.9
95.1
94.4

306.9
307.3
308.8

218.2
217.8
217.5

621.0
620.3
620.7

MAY

2
9
16
23
30P

100.4
100.4
100.6
100.8
101.3

263.8
264.4
263.7
r 263.7
r 262.7

93.6
92.7
91.5
89.8
88.2

310.7
311.3
312.2
X 313.7
315.0

216.9
216.6
216.3
216.3
216.2

621.1
620.6
620.0
619.8
619.5

JUNE

6P

101.4

269.6

85.9

315.4

217.0

618.3

585.3
590.5
595.9
601.5
608.5
614.6
619.5
624.4
628.7
633.0
638.0
641.1
642.9

ENDING:

1979-APR.

1/
2/

T I M E AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
INCLUDES NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED I N DENOMINATIONS OF $ 1 0 0 , 0 0 0 OR MORE BY 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 SHARES, AND CREDIT UNION SHARES.
P - PRELIMINARY;
R - REVISED




FEDERAL RESERVE Statistical Reserve H.6(508)

Table 4

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

Demand Deposits
Currency

Date

Total-^

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

Member

Domestic^/
Nonmember

91.9
92.8
93.9
94.2
94.9
95.6
97.3
99.1
97.4
97.6
98.6
99.9
100.7

253.6
259.0
262.3
259.9
263.6
265.3
265.3
272.2
268.0
254.2
255.1
267. 5
258.6

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
81.4
82.2
83.2
85.2
84.6
80.7
80.6
85.1
82.6

100.7
100.4
99.2

266.4
273.4
267.9

177.6
182.1
178.8

9
16
23
30P

99.2
101.2
100.8
100.4
100.6

263.3
259.4
260.1
256.1
255.6

6?

101.9

268.2

Time Deposits
CD's 47

84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5

Savings-^

Total

Other

Other
Checkable
Deposits

Nonbank
Thrift
Institutions^

U.S.
Qov't.
Demand^

99.6
97.5
92.6
89.0

264.8
267.1
270.3
275.2
278.4
282.3
286.0
289.2
294.3
301.1
305.5
309.3
314.8

224.6
225.1
224.8
224.1
224.2
224.2
222.4
220.9
219.9
218.0
218.9
220.1
218.2

574.1
578.5
582.4
587.4
592.9
597.4
604.8
609.7
615.3
618.7
622.0
622.1
622.0

85.2
87.4
85.1

94.3
92.5
91.1

308.4
308.6
310.2

221.9
220.2
219.0

624.6
621.3
620.3

2.6
6.0
6.0

175.6
172.0
172.7
170.2
170.1

83.8
83.3
83.3
81.8
81.1

90.3
90.0
89.5
88.7
87.7

312.0
312.3
314.2
315.7
317.2

218.1
218.3
218.1
218.2
218.1

620.3
621.2
621.8
622.7
623.1

7.5
9.9
7.8
8.8
7.8

178.6

84.9

85.5

317.0

219.2

621.7

4.3

101.1

2.6
2.6
2.7
2.7
2.8
2.8
2.9
2.9
2.8
2.8
2.8
2.9
2.9

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
644.0

4.0
6.2
4.4
3.5
6.2
4.2
8.0
10.2
11.9
8 .3
6.5
5.3
8.4

WEEK ENDING •

1979-AOR.

11
18

25
MAY

JUNE

2

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ TOTAL DEMAND DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER 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.
™ K t i b N AND
3/ BASED ON MOST RECENT CALL REPORT DATA.
UKtibN
4/
*NCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING
COMMERCIAL BANKS.
5/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
%', » w « ^ S « 2 ° « i C C 0 U N T S A T T H R I F T INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS' BANKS,
If AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
8/^U.S. GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS. INCLUDES TREASURY NOTE BALANCES, BEGINNING NOVEMBER 2 t 1978.
r
rRcL1MINARYt
R — REVISED




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

May

9

June
1/
2/

2/
ATS Accounts—'
6200

2/
NOW Accounts in New York State—
1545

16

6155

1570

23

6295

1580

,-30.

6310r

1610r

6730

1720

•6

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.