Full text of H.6 Money Stock Measures : March 3, 1977

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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Relea/e H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

HAR.

3,

IN BILLIONS OF DOLLARS
Ml

M2

M4

M3

M) RusTime
M 2 Plus
M 2 Plus
Currency Deposits at Deposits at
Large
Commercial Nonbank
Plus
Negotiable
Banks
Demand
Thrift
CD's!/
Deposits-!/ Other Than
Large CD's 2/ Institutions^

Date

Ml

MS

M2

M4

M3

MI Plus Time
M 2 Plus
M 2 Plus
Currency Deposits at Deposits at
Commercial Nonbank
Large
Plus
Banks
Negotiable
Demand
CD's4/
Deposits!^ Other Than Institutions*
Large CD's^

M 3 Plus
Large
Negotiable
CD's.§/

670.3
678.2
682.6
690.6
695.7
698.2
705.2
710.5
716.5
725.9
732.0
739.7

1104.1
1117.5
1126.8
1140.1
1150.1
1156.9
1169.2
1181.4
1194.5
1211.2
1223.6
1236.9

748.7
753.5
755.9
761.8
764.3
768.4
774.1
775.5
779.5
788.2
794.3
803.0

1182.5
1192.9
1200.2
1211.3
1218.7
1227.1
1238.2
1246.3
1257.6
1273.6
1285.8
r 1300.2

301.0
292.9
295.3
303.5
298.6
302.6
305.3
303.3
304.6
309.0
312.1
321.1

675.0
674.8
682.5
695.5
694.1
699.7
705.7
707.3
712.8
723.0
729.7
744.7

1106.9
1112.8
1128.2
1148.2
1150.8
1162.2
1173.7
1178.6
1189.2
1205.5
1216.5
1237.7

313.6

745.4

r 1248.4

808.4

r 1311.5

319.5

750.3

r 1250.9

29

313.9

741.6

805.8

322.4

746.9

812.2

5

315.2
314.6
313.7
312.9

745.4
746.0
745.6
745.9

810.1
809.3
808.0
808.4

331.3
326.3
320.9
310.9

759.4
756.2
751.6
743.2

824.7
819.9
814.3
805.6

312.7
t 313.7
r 314.7
313.7

745.7
r 748.6
r 750.4
750.2

310.4
311.7
311.5
306.8

r 743.1
r 746.5
747.7
744.4

805.0
806.5
r 809.3
805.2

MAY
JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.

1977—JAN.

M 3 Plus
Large
Negotiable
CD's-tf

Not Seasonally Adjusted

Seasonally Adjusted
295.3
296.8
298.1
301.8
303.5
303.2
305.0
306.3
306.6
310.1
310*1
312.2

1976 —JAN.
FEB.
MAR.
APR.

MS

753.5
747.8
754.2
764.9
761.4
768.8
774.6
773.6
778.1
787.1
792.6
809.0
813.4

1185.4
1185.8
1199.9
1217.5
1218.2
1231.3
1242.6
1244.9
1254.5
1269.7
1279.4
1302.0
r 1314.1

WEEK ENDING:

1976-OEC.

1977- JAN.

12
19
26
FEB.

2
9

16 P
23 P

r
r

808.5
812.1
814.1
813.4

j

*
*

—

I/ INCLUDES CD DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERC AL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; 12) FOREIGN DEMAND BALANCES AT F.R.BANKS* AND 13) CURRENCY OUTSIDC
THE TREASURY* F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDESt IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS* TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES M2* PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES* AND
CREDIT UNION SHARES.
4/ INCLUDES H2t PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.

p - PRELIMINARY;




R - REVISED

FEDERAL RESERVE Statistical Release H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED A N N U A L RATES
M

i

MA

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-*/ Banks Other Than
Large CD's-2/

DATE

M3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M4

M2 Plus Large
Negotiable CD's5'

"5
Ma Plus Large ,7
Negotiable CD'sy

AN.

FROM:

ICT.

1976

(3 MONTHS PREVIOUS)

4.5

10.7

12.3

ULY

1976

(6 MONTHS PREVIOUS)

5.6

11.4

13.5

8.9

11.8

IAN.

1976

(12 MONTHS PREVIOUS)

6.2

11.2

13.1

6.0

10.9

OUR WEEKS ENDING: FEB. 23,
FROM FOUR WEEKS ENDING:

10.3

11.9

1977

iOV.

24,

1976(13 WEEKS PREVIOUS)

4.9

tUG.

25,

1976(26 WEEKS PREVIOUS)

4.8

11.0

9.5

fcB.

25,

1976(52 WEEKS PREVIOUS)

5.7

10.5

7.8

9.8

9.7

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 THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT*
LESS CASH I T E M S IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) F O R E I G N D E M A N D B A L A N C E S AT F.R.BANKS; AND < 3 ) CURRENCY OUTSIDE
THE TEASURY, F.R.BANKS AND V A U L T S OF ALL C O M M E R C I A L B A N K S .
2/ INCLUDES, IN ADDITION TO C U R R E N C Y AND D E M A N D DEPOSITS, S A V I N G S DEPOSITS, T I M E DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHER T H A N 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 E N O M I N A T I O N S OF $100,000 OR MORE BY LARGE W E E K L Y REPORTING C O M M E R C I A L BANKS.
3/ INCLUDES M2, PLUS THE A V E R A G E OF THE BEGINNING AND END OF MONTH DEPOSITS OF M U T U A L SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE T I M E CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE: ALL R A T E S OF CHANGE ARE B A S E D ON DAILY A V E R A G E D A T A ; R A T E S OF CHANGE ARE NOT COMPOUNDED.




Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Time and Savings Deposits
Date

l<^76 — J A N .
KfcB.

Currency

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.
1977 — JAN.

221.1
221.8

CD's^

78.4

Other

Total

r

433.6
439.4
444.3
449.5
454.4
458.6
464.0
470.9
478.0
485.3
491.6
497.3

r

503.1

231.6

63.3

81.3

232.3

63.1

431.8

494.8

81.0

232.9

64.2

427.7

491.9

60.9
81.2
81.4
81.7

234.3
233.4
232.3

64.7
63.3
62.4

231.1

62.5

430.2
431.4
431.9
433.0

494.9
494.7
494.3
495.5

81.7
81.8
81.9
82.4

231.0
231.8

62.8

r 232.8

r 63.6

433.0
r 435.0
r 435.8
436.5

495.8
498.4
r 499.4
499.7

222.4
225.2
226.2
225.6
226.8
227.7
227.4
230.3
229.8

75.4
73.4
71.2
68.6
70.2
66.9
65.0
63.1
62.3
62.2

Nonbank
Thrift Institutions^7

453.3
456.7
457.8
460.0
460.7
465.3
469.1
469.1
472.9
478.1
484.2
490.7

374.9
381.3
384.4
388.9
392.1
395.1
400.2
404.1
409.9
415.8
421.9
427.4

74.3
75.0
75.7
76.6
77.3
77.5
78.1
78.6
79.2
79.9
80.3
80.7

MAR.
APR.
MAY

Demand Deposits

WEEK ENDING:
1976-DEC.
1977- JAN.

29
5
12
19
26

FEB.

2
9

16 P
23 P

231.3

63.5
63.2

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING C O M M E R C I A L BANKS.
27 A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL S A V I N G S B A N K S * S A V I N G S AND LOAN SHARES* AND CREDIT UNION SHARES.
P - PRELIMINARY; R - R E V I S E D




Table 4

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

Demand Deposits
Date

Currency

1976 — JAN.
FEB.
MAR.
APR.

73.7

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1977 —JAN.

Member

Domestic
Nonmember2f

CD's^

Other

Total

75.1
76.3
77.1
77.8
78.7
78.9
79.0
79.7
80.8
82.2

227.3
218.9
220.2
227.2
221.5
224.8
226.6
224.4
225.6
229.3
231.2
239.0

162.0
155.8
156.9
161.8
157.2
159.2
160.1
156.4
159.0
161.7
162.6
168.5

62.1
^9.9
60.3
62.4
61.1
62.5
63.0
62.6
63.5
64.4
65.4
66.9

78.5
73.0
71.8
69.4
67.4
69.1
68.9
66.3
65.3
64.2
62.9
64.3

374.0
381.9
387.2
392.0
395.5
397.1
400.3
404.0
408.2
414.0
417.6
423.5

452.5
454.9
458.9
461.4
462.8
466.3
469.2
470.3
473.5
478.2
480.5
487.8

80.7

238.8

168.2

67.1

63.1

430.7

493.9

74.1

MAY

Total^

Time and Savings Deposit

Nonbank
Thrift
Institutions47

r

U.S. Gov't.
Demand-^/

431.9
438.0
445.7
452.6
456.7
462.5
468.0
471.3
476.4
482.6
486.8
493.1

3.6
4.6
3.9
3.9
3.8
4.8
3.4
3.7
4.9
3.9
4.0
4.4

500.6

3.8

WEEK ENDING:
1976-OEC.

29

82.3

240.1

169.5

66.9

65.3

424.5

*>89.8

3.6

1977-JAN.

5

81.7
81.6
80.9
80.1

249.6
244.7
2140.0

176.8
172.0
168.7
162.3

69.0
69.0
67.7
65.1

65.3
63.7
62.7
62.3

428.1
429.9
430.7
432.3

493.4
493.6
4V3.4
494.7

3.3
3.8
3.9
4.3

79.9
81.5
r 81.0
81.0

230.5
r 230.2
r 230.5
225.8

432.6
r 434.8
r 436.1
437.6

49V,. 6
496 .7
r 497. S
498 .4

3.5
3.8
3.6
4.8

12
19
26

FEB.

2
9

16 P
23 P

2!30.8

162.7
161.9
r 162.6
158.8

64.4
64.8
64.4
63.6

62.0
61.9
r
61.7
60.8

I/ TOTAL DEPOSITS INCLUDE* IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWN, DEPOSITS DU1E TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
2/ BASED ON MOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LAftGE WEEKLY
REPORTING COMMERCIAL BANKS.
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AMD CREDIT UNION SHARES.
£>/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.

p - PRELIMINARY;




R - REVISED