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FEDERAL

RESERVE

RESERVE St»ti*tic»t R«l««t| H.6

statistical

release

T«bl« 1

For immodiato lUloato

MONEY STOCK MEASURES

JUNE 15» 1978

IN BILLIONS OF DOLLARS
M!

M2

M4

M3

*5

M] Plus Time
M-2 Pius
M 2 Plus
M 3 Pius
Currency Deposits at
Deposits at
Large
Commercial
Large
Plus
Nonbank
Banks
Demand
Negotiable Negotiable
Thrift
CD's.5/
Deposits^/ Other Than
CD's!/
Institutions-^
Large CD's^

Date

*1

J

M2

_j

*3

M4

MI Plus Time
M 2 Plus
Deposits at
M 2 Plus
Currency
Deposits at
Plus
Commercial Nonbank
Large
Banks
Negotiable
Demand
Thrift
CD's*
Deposits^ Other Than Institutions*
Large CD's-^

*5

M 3 Plus
Large
Negotiable
CD's^

Not Seasonally Adjusted

Seasonally Adjusted
&31.3
837.5
845*8
851.1
857.6
866.5
874.6
881*6

1353.8
1365.3
1380.0
1393.2
14O7.4
1423.0
1436.4
1448.2

317.4
323.3
329.1
326.9
3?9.8
334.0
336.8
346*4

766.9
775.5
765.2
785.5
790.0
797.5
801.2
813.0

1291.2
1306.9
1323.5
1328.0
1336.4
1351.7
1358.5
1375.5

828.0
836.5
848.0
849.9
855.4
b65.8
872.8
888.9

1352.3
1369.9
1366.3
1392.4
1403.6
1420.0
1430.1
1451*5

889.9
896.0
902.2
911.3
919.6

1460.6
1469.9
1479.9
1492.4
r 1504.2

345.2
333.3
335,4
347.8
341.9

816.3
811.4
818.7
834.1
831.0

1386.6
1363*5
1397.8
1418*7
1417.7

894.6
888.3
899.0
915.5
915.6

1463.0
1460.4
1478.1
1500.0
1502.3

908.3
910.6
914.0

348*9
350*?
345.5

835,6
836*9
831*6

916.6
917.8
912.9

833.6
630.3
831.6
831.5
r 837.3

919.4
917.0
918.5
919.1
r 925.0

347.6
343*3
342.6
337.0
r .343.2

833.8
829.8
831*6
826.9
r 834.6

916.3
913.3
915.8
912.4
r 920.9

837.4

924.8

348.3

839.5

925.9

1977 — MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

322.4
324.3
327.5
329.2
331.6
334.6
334.7
336.7

768.4
774.2
782.9
787.9
793.8
800.2
803. 8
807.6

1978 — JAN.
FEB.
MAR.
APR*
MAY P

339.4
339.1
340.1
345.4
347.2

813.6
816.6
820.2
827.8
832.5

343.8
344.5
346.5

825.8
827.4
829.5

31 P

350.5
346.3
346.3
345.4
* 349.7

7 P

349.7

1290.9
1302*0
1317.2
1330.0
1343.5
1356.7
1365.5
1374.2
1384.3
1390.6
1397.8
1409,0
r 1417.1

WEEK ENDING:
1978-APR.

12
19
26

MAY

3
10
17
24

JUNE

I/ INCLUDES (II 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.FLOATs ( 2 1 FOREIGN DEMAND BALANCES AT F.R.BANKS* AND (31 CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ 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 R6PORT3/ INCLUDESEM2,APLUS THE AVERAGE OF THE BEGINNING AMD END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENONINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DfcPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.

p - PRELIMINARY;




R - REVISED

FEDERAL RESERVE Statistical Relea$e H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

"i

M2

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-^ Banks Other Than
Large CD's-*'

DATE

"3
M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M4
M2 Plus Urge
Negotiable CD's1'

"5
Ma Plus Large
Negotiable CD's*'

tY

FROM;

6.

1976

(3 MONTHS PREVIOUS)

9.6

7.6

7.6

10.5

9.3

IV.

1977

(6 MONTHS PREVIOUS)

7.5

7.1

7.6

10.3

9.4

lY

1977

(12

7.7

8.3

9.8

10.6

MONTHS PREVIOUS)

)UR WEEKS ENDING: JUNE
ROM FOUR WEEKS ENDING:

11.1

7* 1978

tR.

8* 1978(13 WEEKS PREVIOUS)

:C.

7,

1977(26 WEEKS PREVIOUS)

INE

8*

1977(52 WEEKS PREVIOUS)

8.3

10.7

7.6

7.4

10.3

7.7

8.3

10.6

10.1

I/ INCLUDES (1) DEMAND DEPOSITS AT ACL 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.FLOATt 12) FOREIGN DEMAND BALANCES AT F.R.BANKS) AND 13) CURRENCY OUTSIDE
THE TEASURY* F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ 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 COMMERCIAL BANKS.
3/ INCLUDES M29 PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS* SAVINGS AND LOAN SHARES* AND
CREDIT UNION SHARES.
4/ INCLUDES M2* PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
NOTE I
ALL RATES OF CHANGE ARE BASED ON DAILY AVERAf-f DATA! RATES OF CHANGE ARE NOT COMPOUNDED.




FEME HAL RESERVE Statistical Ralaaaa N.t

TaWa J

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

Tinta and Savings Dapotit*
Data

Currtncy

Dam and Dapotits

CD's1/

Other

Tatal

N on bank
Thrift Institution.^

1977—HAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

63. a
64.2
65.1
65.5
66.3
67.1
67.7
68.5

238.6
240.1
242.3
243.7
245.3
247.5
247.0
246.2

62.9
63.3
62.8
63.2
63.8
66.4
70.9
74.0

446.0
449.9
455.5
456.7
462*1
465.5
469.1
470.9

508.9
513.2
518.3
521.9
525.9
531.9
540.0
544.9

522.4
527.8
534.3
542.1
549.8
554.5
561.7
566*6

1978 — JAN.
FEB.
MAR.
APR.
HAY P

69.3
9O.O
90.6
91.2
92.1

250.1
249.1
249.5
254.3
255.1

76.3
79.4
82.0
83.4
87.1

474.2
477.5
480.1
482.4
t 485.3

550.5
556.8
562.1
565.9
572.4

570.7
374*0
577.7
561.1
r 584.6

12
19
26

90.8
91.1
91.4

253.0
253.3
255.1

82.5
83.2
84.4

481.9
482.9
483.0

564.4
566.1
567.4

3

31 P

91.6
91.9
92.1
92.2
92.5

256.7
254.4
254.1
r 253.2
r 257.2

85.6
86.7
86.9
67.6
t 87.8

7 P

92.7

257.0

87.3

WEEK ENDINGS
1978-APR.

MAY

10
17
24

JUNE

483.1
464.0
465.3
r 466.1
487.6

467.8

568.8
570.7
572.2
* 573.7
575.3
575.1

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE 6Y LARGE WEEKLY REPORTING COMMERCIAL BANKS.
2/ AVERAGE OF BEGIWiING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS* SAVINGS AND LOAN SHARES. AND CREDIT UNION SHARES.

p - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Release H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN 1ILLIONS Of DOLLARS
Demand Dapatits
Date

197 7__HAY

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.

1978— JAN.
FEB.
MAR.
APR.
HAY P

Currency

Total^

Member

Time and Savings Depasit

Domestic
Noo member'

CD's^

Other

Total

Nonbank
Thrift
Institutions^

U.S. Gov't.
Demand^

63.5
84.3
85.8
85.9
86.2
86.9
88.4
90.0

233.8
239.0
243.3
241.0
243.6
247*0
248.4
256.4

161.7
165.1
167.7
166.3
167.5
170.0
170.3
176.3

68.4
70.2
71.4
70.8
71.8
72.7
73.8
75.8

61.2
63.0
62.8
64.5
65.4
68.3
71.6
75.9

449.5
452.2
456.1
458.6
460.2
463.5
464.4
466.6

510.7
515.2
518.8
523.0
525.7
531.6
536.0
542.5

524.3
531.4
538.3
542.5
548.4
554.2
557*3
562.5

3.6
5.0
3.6
3.4
5.0
3*7
3.5
5.1

88.6
88.9
89.9
91.0
91.9

256.6
244.4
245.5
256.8
250.0

175.9
167.4
168.5
175.7
171. O

76.3
72.8
73.0
76.9
75.2

76.4
76.9
80.2
81.4
84.6

473.0
478.1
483.4
486.3
489.1

549.4
555.0
563.6
567.7
573.7

568.4
572.1
579.1
584.6
586.7

4.2
4.2
4.6
4.8
3.9

91.5
91.1
90.4

257.3
259.7
255.1

175.9
177.3
174.5

77.5
78.2
76.8

81.0
80.9
81.3

486.7
486*2
486.1

567.7
567.1
567.4

91.0
92.5
92.0
91.7
r 92.0

256.6
249.8
250.6
245.3
r 251.3

175.8
170.1
170.8
167.6
r 173.2

76.4
75.9
75.8
r 74.0
74.2

82.4
83.5
84.3
85.5
r 86.3

486.2
487.5
. 488.9
489.9
r 491.3

568.6
571.0
573.2
575.4
577.6

255.2

173.6

77.4

86.4

r

r

WEEK ENDING:
1978-APR.

12
19
26

HAY

3
10
17
24

31 P

JUNE

7 P

93.2

491.2

577.5

3.3
.2
.7

.1
.5
.2
* 4*6

3. a
3.3

I/ TOTAL DEPOSITS INCLUDEt IN ADDITION TO THE HEHBER AND DOHESTIC NOMMEMBER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.8JNKS AND HI TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
2/ BASED ON HOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE T1HE CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR HO RE BY LARGE WEEKLY
REPORTING COHHERC1AL 6ANKS.
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT HUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES* AND CREDIT UNION SHARES.
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P * PRELIMINARY; R - REVISED