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*<£5%.

FEDERAL

RESERVE

FEDERAL RESERVE Statistical Releai> H.6

statistical

Tablt 1

release

For Immadiata Ralaasa

MONEY STOCK MEASURES

MAR. 16» 1978

IN BILLIONS OF DOLLARS
*1

Date

M2

M4

M3

M5

MI Plus Time
M 2 Plus
M 2 P!us
Currency Deposits at Deposits
M 3 Plus
at
Large
Commercial Nonbank
Plus
Large
Banks
Demand
Negotiable Negotiable
Thrift
CD's*/
Deposits-!/ Other Than Institutions^
CD's^/
Large CD's 2/

M2

Ml

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.
1978 — JAN.
FEB.

P

806.^

1314.4

1330.7
1J5J.3
1^51.4
1366.7

33* .O

817.2
ulO.6

1385.3
1362.2

• 066. b
687.6
£89.0

349.6
345.6
337.1

b.J.9
blV.3
611.7

fcVb.4

b8b. V

33 <..&
335. J

bOti .0

b 12 .3

864. *t
o66.9
bbo.5
b&6.«.

1256.*
1268.1
1281.2
12b9.0
1299.5
1316.9
1329.5
1343.1
1357.1
1365.6
1374.0

337.4
336.3

812.0
r 814.4

13b3.0
1367.8

66b.3
693.7

336.6
337.2
337.4

610.7
812.0
(312.B

336.0
337.3
336.4
r 335.9

611.7
bl4.8
814.2
r 814.4

334.9
335.9

813.5
615.4

M 3 Pkis
Large
Negotiable
CD's*

617. C

811.7

750.7
756.1
764.6
767.6
77*. 6
7b3.5
7ti7.7
792.9
799.6
80^.7
U06.5

M5

Not S«««*««JJy *4 «»t^
1^:53.1
1*69.6
1*VO.2
1290.3
1305.7
1322.1
1326.6
1337.1
1350.6
1357.4
1374.*;

315.4
320.5
320.7
321.9
326.8
328.4
330.4
333. V
333.3
335.4

b!4.O
016.2
826.2
829.9
b36.B
846.3
650. V
856.2
865.9
87J.t>
881.2

314. U

*4

MI Plus Time
M2 Pius
M2 Plus
Currency Deposits at Deposits
at
Plus
Commercial Nonbank
Large
Banks
Demand
Negotiable
Thrift
CD's4/
Deposits-!/ Other Than institutions «
Large CD 's^

$**M««41y A4ju»U4
1977 — FEb.
MAR.
APR.
MAY

*3

13^1.5
1330.3
1342.8
1351.3
1363.5
1379.8
1392./
1406.3
1423.5
14jo.i>
14^8. 8

309.9
31^.4
322.3
3lt>.5
3*1.4
327.2
325.*
328.2
332 .5
335.4
34<».9

1H59.3
1467. *

343. b

747.2
7!>6 .2
770.0
766.2

774.5
76*. 0
764.4

7td.9
7V0.4

bOo.u

o3(J.2
b/ 7.*t
ti3?.5
b46. 6
640. b
654.3
864.7
B71.6

ob7.6
6V3.6

bb7.5

1 3d4«S>
1391.1
1<*02.6
1419.0
1^29.0
14 U).*
1461.6
1459.1

MEEK ENDING:
1978-JAN.

11
18
25

FEB.

1
6
15
*2

MAR.

1P
6 P

!

893.2
893.*
r b 94 . 1
894.3
b96.9

3^3.5
329. b
32*. 2

oV5.t
667.7

all. 8
r

bU9.3
609.7
ol6.0

r

btt7.4
oS4.b

I/ INCLUDES (1) D E M A N D DEPOSITS AT ALL C O M M E R C I A L B A N K S OTHER THAN THLSt UUfc Tu DOMESTIC C L M M c R C l A L B A N K S AND THE U.S.uLVtKNMENT,
LfcSS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (^> FjktI&N U t M A N b b A L A N C k S AT F.k.BANKS; A N b (3) CURKtNCY OUTSIDE
THE TREASOHY, F.R.BANKS AND V A U L T S OF ALL C O M M E R C I A L BANKS.
2/ INCLUDES f IN ADDITION TO CURKENCY AND DEMAND U E P O S l T S t S A V I N G S utPOS!TS» T I M E DEPOSIT^ OPtN ACCOUNT, AND TIMc C f c K r i U C A l E S uF
DEPOSITS OTHER THAN N E G O T I A B L E T I M E C t R T I F l C A T E S OF DEPOSIT ISSUED IN D t N O M I N A T I O N S OF MOO.OoO OR MORE BY LAKGE W E t K L Y RfcPOKT1NG C O M M E R C I A L BANKS.
3/ INCLUDES M2t PLUS THE A V t R A G E OF THt ttEGINNlNG ANL> ENU Oh MUNTH D E P u S l T S u^ M U T U A L S A V I N G S B A N K , R A V I N G S ANU Lt'AN SHARES, AND
CREDIT UNION SHARES.
4Y INCLUDES M2, PLUS N E G O T I A B L E T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN D t N O M l N A T I O N S OF *100,OOO OR MORE.
5/ INCLUDES M3, PLUS N E G O T I A B L E T I M t C E R T I F I C A T E S OF DEPOSIT ISSUtU IN D E N O M I N A T I O N S O>- $100,000 OR MORE.

p - PRELIMINARY;




R - REVISED

FEDERAL RESERVE Statistical Rtlease H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

"i

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

DATE

b.

FROM:

V.

1977

(3

MONTHS PREVIOUS)

G.

197?

(6

MONTHS PREVIOUS)

b.

1977

112 MONTHS PREVIOUS)

U« WEtKS ENDING: MAR.

M2

»3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

b.6

6.5)

4.6

6.0

h.6

7.1

*.!>

J.to

10.3

M4

M 2 Plus Large
Negotiable CD's- 7

9.3
10.1
9.6

M

5

M 3 Plus Large
Negotiable CD's2'

ti.t>
10.7
11.0

6* 1^7 b

RI.H FOUR WEEKS ENUIMG:
C.

?,

1977113 KfcfcKS PREVIOUS*

2.9

5.3

ti.7

P7,

7y

1977126 WEEKS PREVIOUS)

4*3

6.^

9.9

R,

9r

19771*2 WEEKS PREVIUUS)

6.&

b»3

9.b

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL bANKS OThtR THAN THOSE DUt TO UUMEST1C COMMERCIAL BANKS AND THt U.S.GUVERNMENT,
LESS CASH ITEMS IN THt PKOCtSS UP COLLECTION AND F.R.FLOAT; (2) FORfclbN UtMAND BALANCES AT F.R.BANKS; AND 13) LUKKtNtY OUTSIDE
THE IfcASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, IN ADDITION TO CURRENCY AND DtMAND DEPOSITS, SAVlNbS DtPUi>IISf TIME DEPOSITS OPfcN ACCOUNT f AND TIMt CtkTiUCATfcS UF
DEPOSITS OTHER THAN NEGOTIABLE TIME LEkllFICAlfcS OF DEPOSIT ISSUED IN OtNOMlNA T IONS OF fclOO.OOO Ok MORh bY LAkbt WttKLY RtiPORT1NO COMMERCIAL BANKS.
3/ INCLUDES M2» PLUS THE AVEKAGt OF THE BEGINNING AND END OF MONTH DEPOSITS LF MUTUAL SAVINGS BANKS, SAVINGS ANu LbAN SHAKES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE TIMfc CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *10O»uOO UR MuRt.
b/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DkNuMINATIUNS OF *1GG,000 uR MuR&.
NOTE: ALL RATES OF CHANGE ARE BASED UN DAILY AVERAGE DATA; RATES OF CHANGt ARt NUT COMPOUNDED.




FEDERAL RESERVE Statistical Release H.6

Table 3

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

Time and Savings Deposits
Date

977 — Ftb.
MAR,

CD's^

81. 6

232.1

63.3

233.2
237.4

62.2

APR.

63.1
63.6
64.0
65.1

AUG.

85.5

SEPT.

66.4

UCT.

67.1

NOV.

67. a

DfcC.

56.4

Other

74 . /

248.2
246.3

7t».3

47 s .o

79.4

^o.u

247.9
246.0
247.8

76.0

47^.1
^.74.d
*f75.3

77.3
7b.4

90.4

246.3
247.5
246.6
245.5

90. 2
90. *£

244.7
245.7

90.1

237.1
23b.O
241.7
242.9
244.0
246.6
245.5
247.0

Total

500.0

•*3fc.7
*t40.t>

444.1
446.9
*«5u.9
456.7
459.3
*62.6
*«65.V
46V. 4
4-71.1

89. i:

FtB. P

Demand Deposits

£2.2

MAY
JUNfc
JOLV

97b —JAN.

t£K

Currency

61.6
62.3
63.9

o<L.b
63.2
63.2
GO. 4

70.9

50*. rt

f>ut>.7
509. ^

514.8
519.5
52^.5
525. b
532 .2
540.3
545.o

550.'-;
r

^57. •*

ENDING:

976-JAN.

FEb.

11

86.7

18
*5

89.2

i
6
15
22

MAR.

I/

1 P
6 P

69.6
69.7
69.6
89.9

75. /
?6.^

79.0
79.7

r

475.7
477.5
477.0
478.0

t,5u.i
5:>0.4

551.5
55J.O
555.V

55o.o

r

558. $

dO.o

4 7t>. fc

559.3

81.5

47^. t>

561. U

INCLUDES NEGUTIAbLfc TIMb C E K T I F l C A T t S UF utPLSIT ISSUED IN UtNOMlNATlOMS OF $ ! O J , o U O UK MbKL bY L A R G t W t t K L Y
1NG CUMMbRCIAL BANKS.
2/ A V t R A G E OF BtGlNNlNb AND tNU OF MUNTH UfcPOSlIb AT MUTUAL SAVINGS b A N K S f SAVlNbi. AND LuAN S H A K L S f ANL> C R L U 1 I UNlUN
P - PkELIMlNAKV;
K - RtVlSfcD




Nonbank
Thrift Institutions 27

507.5
512.1
516.6
5<:1 .A
5^0. /
533.^
5**1.7
5!>0.^
557.5
56J.u
.S67.6
t»7i.U
57.^.5

FEDERAL RESERVE Statistical Release H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Demand Deposits
Date

197b — FEB.

Currency

Total

80.8

MAR.
APR.

bl.o
b2.8

HAY
JUNE
JULY

83. *
b*,2
b5.7

AUG.

b5.e

SEPT.

86.1

OCT.

fc6.9

NUV.

66.*
90.0

DEC.
1978 —JAN.

«b.6

FEtt. P

66.9

17

Member

Time and Savings Deposit

Domestic
Non member^

CD's^/

0<».6

ci .3

6t).^

r,j* o

Other

S37.3
^»*3.o
**7.7
*5u. 7
*S^.,t
*i'i».S*t>9.2
-*6u. /
*63. 6

*9d .c
i»o*.i>
t>0/.7

to5.9
1. 1 3 .6

*.*
H.^>

t/4i o.<:

5ll.fc

5^*. i

b*b
3. ft

jic.i
6iV.c

5Ji.i
t>j-*.l

5*.3.7
5^t>.l

5-4-..J

161.0
lc.2.1
Io7.6
161.8
163.1
Io7,7
166.3
167.5
170.0
1/0.3
176.3

255.*:
2*3,1

175. b

l*.V

?6.*

167.3

71.6

76.9

260.1
^57.1
2*9.2

178.5
176.7
171.6

77.1

76.6

75.7

7o.O

*?*.3
*73.*

*3./:

/o.O

*/*.*»

i>*«b.9
t>*V.*
55U.6

245.^
2*6.0
244.3
*40.7

169.3
169.7
167. b
165.4

^7t>.3
*77.0
*7b.J
*7V.t>

551.7
553.7
555.0
r !>56.3

6b.3

60.1

oo» 3

cl.2
i>3.U

6v.5

o2.c

69.1

t*.t»

70.*

65.*

71.3

£>*-} • 3

72.*

71.6

*0*.6

?*.3

75. V

*66.

r

U.S. Gov't.
Demand^/

Total

229.1
230.9
239.6
232. i
237.1
241.*
^39.3
2*2 . 1
245,6
24?. 0
25*. 9

66.6

Nonbank
Thrift
Institutions^

b

*73.*
-,7t.7

536.1
i*2 . /

L*i.*.^
t>D^.j
55lf«4
t-62.5

5*S.fc
>i^.o

Sco.l
5/l.o

i?J<:.^

! r

t>.2

3.9
3.7
i>.*
H.I

3.o
t> • t»
*.o
*.6

*£EK ENDING:

1978-JAN.

FEB.

MAR.

11
18
25

1
8
15
22
i P
8 P

69.1)
fcb.7
87.9
67.6
£9.3
o9.1
69.1
tttt.2

90.0

r

241.0
243. &

r

l66.<:
167.5

/^.u

76.*

72.3

76.7

72.3

76.6

71.2

7c.i>

7U.7

77.6

7^.1

7a.V

r

*b0.t>
* £ 2 .i

i>t>b.2
t>61.0

*.*

*.3
*.S
*.U
*.9
3.7
«t . b
^•3
*.2 '

I/ TCTAL DEPOSITS INCLUDE, IN ADDITION TC THE MEMBER AND DOMESTIC NONMtMbEK bEPuiillb SHU^N, uEFUSllS bUt TL »-LKtl^N AfvU
1NTERNATIUNAL INSTITUTIONS A T F.R.fcANKS AND Ml T Y P E BALANCES AT AbENCItS ANu bKANCHtS OF hOKtlGN bftNKS.
2/ BASED ON MOST RECENT CALL RtPOKT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME C E R T I F I C A T E S uF OtPbSlI ISSUED IN DtNOMl-MAT luNS UF *lUO,jJu uk ML>kt oY LAKbt W t t K L Y
REPORTING COMMERCIAL bANKS.
4/ AVERAGE OF BEGINNING ANt> irND L^F MONTH UtPOSlTS AT MUTUAL SAVINGS bAf4KS r SAVING! AND LuAN S H A K L S t MND L K L L I 1 OMON S » - A K t S .
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL bANKS.
P - PRELIMINARY;
R - REVISED