Full text of H.6 Money Stock Measures : March 11, 1971

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FEDERAL

RESERVE

statistical

release

H.6

For immediate release
March 11, 1971
The seasonally adjusted money stock i s estimated at $217*4 billion
xn February, about $2*6 b x l l i o n above the average Jjsvel for January. Total
time and savings d e p o s i t s increased further m the l a t e s t week and m the
month of February, these deposits averaged $5.6 b i l l i o n above the January
average*
MONEY STOCK AND TIME DEPOSITS
(Averages of daxly figures, m b i l l i o n s of dollars)
Seasonally adjusted
Money Stock
Period

Total

1970—February
March
Ap-rxl
May*
June
July
August
September
October
November
December

204.5
206.6
208.3
209 2
209.6
210 6
211 8
212 8
213.0
213 5
214 6

1

1971—January
February p

Week ending
1971—Feb

3

U>
17
24 p
Mar.

3 p

Average of last 4 weeks




r

I
j

1

1

Currency
component

Demand deposit
component

1 Time deposits
1
adjusted
(All commercial
banks)

46
46
47
47
47

158 1
159 8
161 2
161.6
161 9
162 5
163 7
164 6
164 5
164 8
165 7

193
195
198
200
202
208
213
218
222
225
230

235 3
240 9

4
7
1
7
8

48 1
48
48
48
48
48

2
2
5
7
9

'

214.8
217-4

49 2
49.6

165 5
167.8

214
216
218
217

49
49
49
49

165
166
168
168

7
2
2
9

5
5
9
5

r

3
8
3
5

,

r

237
239
240
241

5
3
5
3
2
2
2
5
2
0
4

6
8
7
9

218.5

49.8

168.7

243 7

217 7

49 7

168 0

241 5

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars

Not seasonally adjusted )

j R e l a t e d deposits
' (All commercial banks)
Time
j U S Gov't
C u r r e n c y [ Demand d e p o s i t ,
component [
component
adjusted
demand
Money Stock

Period
Total

i
[

1970— Febsuary
March
April
May
June
July
August
September
October
November
December
19 7 1—January
February

Week ending
1971—Feb

Mar

p

NOTE

1

7ml

45.9
46 3
46.6
47.3
47.7
48 3
48.3
48.2
48.5
49.2
50.0

156.8
158.4
162.6.
158.0
160.1
160.7
160.4
163.1
164.5
166.1
171.1

221 3
215.6

49.1
49.1

172.1
166.4

234.5
240.3

6.6
8.3

168 2
166.9
166 8
163 9

237 2
238.9
r 240.1
241.4

9.6
8.6
8.1
8.0

167.5

243.4

7.5

3

217.0

io

; 216.3

17
24 p

1r216 2
! 212 7

48 8
49.3 S
r 49 4
48 8

3 p

216.6

49.2

r> - Preliminary

193.0
195.9
199.3
201.1
202.3
208.1
214.0
218.4
222.5
224.6
228 7

202.8
204.7
209.3
205.3
207 8
209 0
208 7
211 4
213.0
215.3
221.1

r

!

1

!
!

6.9
5.3
6.4
6.5
6.8
7.1
6.8
6.1
5.6
7.1

r - Revised

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 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