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FEDERAL

RESERVE

statistical

release
For immediate release
March 18, 1971

The seasonally adjusted money stock averaged $218.4 billion m
the tffo weeks ending March 10, or about $1.0 billion higher than the
average level for [February*
Total time and savings deposits continued
to increase rapidly in the latest week*

MDKEY STOCK AMD TIME DEPOSITS
{Averages of daxly fxgures, in billions of dollars)
Seasonally adjusted

Demand deposit
component

Time deposits
adjusted
(All commercial
banks)

158 1
159 8
161 2
161 6
161 9
162 5
163 7
164 6
164 5
164 8
165.7

193 5
195 3
198 5
200 3
202 2
208 2
213 2
218 5
222 2
225 0
230 4

Money Stock
Period

Total

1970—February
March
April

May
June
July
August
September
October
November
December

|

Mar.

1

46
46
47
47

4
7
1
7

L
I

47 8
48 1
48 2
48 2
48.5
48 7
48 9

1

i

49 2
49.6

10
17
24

214.7
216 2
218 2
217 9

49
49
49
49

3 p
10 p

218.5
218.4

49.8
49 8

168.7
168 6

218.3

49 8

£68.5

3

Average of last 4 weeks




Currency
component

214.8
217.4

1971—January
February p

Week ending
1971—Feb

204.5
206-6
208.3
209.2
209.6
210 6
211.8
212.8
?13.0
213.5
214 6

.

i

5
5
9
5

1

235 3
240.9

165 5
167.8

165
166
168
r 168

3
8
3
4

r

237 6
239 8
240 7
242.0
243.7
244 7

[
»—

242.8
' ' —

—

9> ••'•

' '•• • '

DEMAND DEPOSITS, CURBENCY, AND RELATED IEEMS
(Averages of daily figures, £n billions of dollars. Not seasonally adjusted )

] R e l a t e d deposits
( A l l commercial "banks)
Time
1 Currency I Demand d e p o s i t I
1USGov't
component
component
adjusted
demand
Money S t o c k

Period
Total

1970— February
March
April
May
June
July
August
September
October
November
December
1971—January
February p

Week ending
1971—Feb

221.3
215.6

1

!

156.8
158.4
162.6
158.0
160.1
160.7
160.4
163.1
164.5
166.1
171.1

45.9
46.3
46.6
47.3
47.7
48.3
48.3
48.2
48.5
49.2
50.0
49.1
49.1

i

17
3 p
10 p

217.0
216.3
J 216.2
212.7
216.6
217 0

1

48.8
49.3
49.4
48.8

,

49.2
49 8

!

172.1
166.4

234.5
240.3

168.2
166.9
166.8
163.9

237.2
238.9
240.1
241.5

i
r

167.5
167 2

•

p - Preliminary
NOTE

193.0
195.9
199.3
201.1
202.3
208.1
214.0
218.4
222.5
224.6
228.7

!
!

7.1
6.9
5.3
6.4
6.5
6.8
7.1
6.8
6.1
5.6
7.1
6.6
8.3

1

3
10
24

Mar.

202.8
204.7
209 3
205.3
207 8
;209.0
208 7
211.4
213.0
215.3
221.1

•

"

•

•••

243.4
245 3

•••'!•

|
!

9.6
8.6
8.1
8.0
7.5
5 6

'

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