Full text of H.6 Money Stock Measures : March 2, 1967
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H *6 For immediate release March 2, 1967. The s e a s o n a l l y a d j u s t e d money s u p p l y i n c r e a s e d $ 1 . 9 b i l l i o n i n t h e week ending February 22, t h e t h i r d c o n s e c u t i v e weekly i n c r e a s e . In t h e t h r e e weeks e n d i n g F e b r u a r y 2 2 , money s u p p l y a v e r a g e d a b o u t $800 m i l l i o n h i g h e r r t h s n In t h e month o f J a n u a r y . Time d e p o s i t s a d j u s t e d c o n t i n u e d t o i n c r e a s e r a p i d l y , aqd i n t h e l a t e s t t h r e e weeks t h e s e d e p o s i t s a v e r a g e d $ 2 . 5 b i l l i o n h i g h e r t h a n t h e J a n u a r y level. MONEY SUPPLY AND TIME DEPOSITS Averages of d a i l y f i g u r e s , i n b i l l i o n s of d o l l a r s Seasonally adjusted 1 • • — 1 1 — 1 - •• Period T ofc-«X t a l4. J. w s i Demand d e p o s i t component 36.6 36.8 36.9 37.2 37.3 37.4 37.7 37.8 37.9 38.0 38.0 38.3 131.4 131.4 132.3 133.7 132.9 133.7 131.9 131.8 132.6 131.7 131.2 132.1 147.8 148.5 149.5 151 4 153.0 153 7* 155 3 156.6 157.1 156.8 156.8 158.0 38.5 131.2 160 5 158.9 1966~January February March April May June July August September October November December 168.0 168.2 169.3 170.9 170.2 171.1 169 .6 169.6 170.5 169.6 169.2 170.3 1967—January p 169.7 Week e n d i n g : 1966—Dec. 28 170.3 38.4 131.9 170.8 170.2 170.3 169.1 38.4 38.6 38.5 132.4 131.6 131.8 130.7 1967—Jan. Feb. 4 11 18 25 p 1 p 8 p ! is ? ; 22 p Average of l a s t 4 weeks 169.0 169.5 170.1 172.0 170.2 Time d e p o s i t s adjusted ( A l l coaunerc i a l banks) Honey Supply ( Currency component i i 3SA ! 38.6 1 1 1 38.5 1 38.8 38.8 130.5 130.9 131.3 133.2 38.7 131.5 J ! 159.4 159 7 160.2 161.0 161.9 162.5 163.0 163 5 J 162.7 NOTE: Components may n o t add d u e t o r o u n d i n g . See r e v e r s e s i d e f o r d a t a w i t h o u t s e a s o n a l a d j u s t m e n t s and f o r d e s c r i p t i o n of s e r i e s . * B r e a k i n s e r i e s , f o r d e s c r i p t i o n s e e f o o t n o t e on r e v e r s e s i d e . p - Preliminary. I DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS (Averages of daily figures, in billions of dollars. Not seasonally adjusted.) Related deposits Money S u p p l y ( A l l commercial banks) Demand d e p o s i t Time Currency U . S . Gov* t . component component adjusted demand Period Total 1966--January February March April May June July August September October November December 173.0 167.8 167.8 171.6 166.9 168.8 167.9 166.9 169.4 170.1 171.0 175.2 19)67—January p 174.7 38.4 136.3 160.0 4.2 Week endings; 19J66--Dec. 28 175.1 39.3 135.8 157.0 5.3 38.9 38.9 38.4 38.1 139.2 137.4 137.3 134.7 158.1 158.8 159.8 160.9 5.1 4.4 2.8 4.5 161.8 162.7 163.2 163.7 4.6 5.3 4.7 5.0 19(67—Jan. Feb. 4 11 18 25 p 1 8 15 22 p P p p : 178.0 176.3 175.7 172.8 | ;i 1 j 172.2 171.7 170.6 169.0 36.5 36.4 36.6 36.S 37.0 37.3 37.8 37.9 37.9 38.1 38.5 39.1 37.9 38.4 38.5 38.3 | ! i ! ' i 136.5 131.4 131.3 134.8 129.9 131.5 130.1 129.1 131.5 132.1 132.5 136.2 134.3 133.2 132.1 130.7 i i ! i ! ; 147.3 148.7 150.2 152.2 153.9 154.1* 155.8 157 . 0 156.9 156.6 155.6 156.3 ! 3.8 5.2 4.6 3.1 7.2 6.3 8.2 5.2 4.4 4.8 3.7 3.5 i * - Effective June 9, 1966, balances accumulated for payment of personal loans were reclassified for reserve purposes and are excluded from time deposits reported by member banks. The estiioated amount of such deposits at all commercial banks ($1,140 million) is excluded from time deposits adjusted thereafter, p - Preliminary. NOTE: 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 fctems 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 vaults1of 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. Goyernment