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FEDERAL
statistical

RESERVE

rel ease

For Immediate release
June 23, 1966.
The seasonally adjusted mofoey supply increased slightly further in
£ S r t J n T , ? f / U n f w ' a * d ^ U V ^ 1 f ° r t h e f i r s t h a l f o f t h e "«th averaged
about $900 million higher than in May. Time deposits adjusted continued to
increase at a reduced rate in the wefck ending June 15, after allowance for a
reclassification of deposits which affected this series at the beginning of the
-week.*
*
i
&
©
MONEY SUPPLY AND TIME DEPOSITS
A v e r a g e s o f d a i l y f i g u r e s , i n ^ b i l l i o n s of
Seasonally adjusted

Money Supply
Period
Total
1965—May
June
July

j
!
j

AugurS'tr"""'"""" "" • " - — j
September
October
]
November
December
I
1966—January
February
March
April
May p

!
|
I

Week e n d i n g :
1966—May 4
11
18
25

168.4
168.0
169.2
171.1
169.5

i

170.4
170.0
169.7
169.0

1

169.0
170.3
170.6

1

June 1 p
8 P

15 p

160.P
161.8
162.5
162 *7 164.3
165.6
165.7
167.4

Average o f l a s t weeks

1

[

Time d e p o s i t s
adjusted
Demand d e p o s i t
( A l l commercial
component
banks)

Currency
component
34.9
35.0
35.2
35^4
35J6
35.9
36.1
36.3

!

j
1
h

!

36.7
36.8
36.9
37.1
37.3

i

37.2
i

!
i

3 7

*

2

37.3
37.3
37.3
37.3
37.4

dollars

I
|

125.1
126.8
127.3
127.3
128.7
219.7
129.7
131.2

134.6
135.9
137.6
140.1
141.6
143.6
145.5
147.0

131.8
131.2
132.3
134.0
132 <2

148.0
148.8
149.6
151.6
152.9

133.2
132 . 8
132.3
131.7

152.3
152.5
152.9
153.4

131.7
133.0
133.1

1
i

153.6
153.8
152.8*

t

169.7

37.3

132.4

153.4*

* Effective June 9, balances accumulated for payment of personal loans were reclasslfie<
for reserve purposes and are excluded from time deposits reported by member banks. The
estimated amount of such deposits dt all commercial banks ($1,140 million) is excluded
from time deposits adjusted beginning with the week,of June 15.
NOTE: Components may not add due io rounding. 5efe reverse side of data without
seasonal adjustment and for description of series.
p - Preliminary.



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

1

Period

I

Tnf*#1
*
l^xJi^XXJL

1965—May
June
July
August
September
October
November
December

j 157.6
159.6
160.9
160.5
j 163.2
! 165.8
; 167.4
172.0

34.6
34.9
35.4
35.5
35.6
36.0
36.5
37.0

1966—January
February
March
April
May p

1 173.0
i 167:8
1 167.8
171.6
166.9

36.5
36.3
36.5
36.8
37.0

Week ending:
1966—May
4

| 170.2
1 168.8
! 166.8
164.6

11
18
25
June

•

Related d e p o s i t s
(All commercial banks)
Demand d e p o s i t i
Currency
Time
U. S. G o v ' t .
component 1
component
1 adiusted
'
demand

Money Supply

'

•' •

'I

'

'

•

1 p
8 p
15 p

ln>

165.6
; 167.7
169.8-

t

,

!
j|
!
i

36 8

i
|

37.0
37.4
37.4

!

nn.dn i n - *

i
'
i

j

36.7
37.2
37.0

1

-

•

mini

l

]
!i

it

*

in i

j

123.0
124.6
125.6
125.0
127.5
129.8
130.9
135.0
136.5
131.5
131.3
134.8
129.9

133.5
131.6
129.8
127.8
128.6
130.2
132.4

!

135.4

1

136.6
138.3
140.2
141.4
143.5
144.4
145.3

j

!
j!
j

147.4
148.7
150.2
152.2
153.9

j

153,1
153.5
153,8
154.2

|

154.5
154.7
153»7*

|

ii niitii » n i ,II m^mmmmammmmmtrnv < „' • •a:i

«'•

im

""J •»»

;

\

j
;

9.7
9.3
9.1
7.4
5.6
5J0
4.i0
4j5
3.7
5.1
4.6
3.0
7.2

5.9
6.4
7.7
7.7
7.2
5.8
3.0

|in m

^Effective June 9, balances accumulated for payment of personal loans were reclas
sifled for reserve purposes and are excluded from time deposits reported by member
bank&
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.
NOTE!: Money supply consists of (1) demand deposits at all commercial banks', oth^r 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 adjusted are time deposits at all
commercial banks other than those due to domestic commercial banks and the U. S.
Government.