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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 w fc-«Xl4.
J. o t a
s

Time d e p o s i t s
adjusted
( A l l coaunerc i a l banks)

Honey Supply
(
Currency
component

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

i

i

3SA

!

38.6

1
1
1

38.5
38.8
38.8

1

131.5

J

159.4
159 7
160.2
161.0
161.9
162.5
163.0
163 5

130.5
130.9
131.3
133.2

38.7

!

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