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March 30, 1967
The seasonally adjusted money supply declined slightly in the latest
week, btfE ~the average for the first three weeks of March exceeded the February
level by about $2.0 billion. Time deposits adjusted continued to expand rapidly,
although growth in these deposits thus far m March has been somewhat slower than
the January-February pace,
MONET SUPPLY AM) TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

Money Supply
Period

Total

1966—February
March
April
May
June
July
August
September
October
November
December
1967—January
February p
Week e n d i n g :
1 9 6 7 — J a n . 25
F^b.

Mar.

*

Demand d e p o s i t

component

component

*36.8
36.9
37.2
37 3
37.4
37.7
37.8
37.9
38*. 0
38.0
38 3

131 4
132.3
133.7
132.9
133.7
131.9
131.8
132.6
131 7
131.2
132.1

1 169.6
170.5

38.5
38.8

131.1
131.7

168.9

38.4

130 5

168.7
169.6
I 169.9
172.0

1
8
15
22

171.2
171.9
1 173.0
172.7

p
P
p
p

Currency

168-2
169.3
170-9
170-2
171.1
169.6
169.6
170.5
169.6
169.2
170.3

1
8
15
22 p

j
'

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

{

38.5
38.7
38.8
38.8

130.2
130.9
131.1 °
133.2

38.8
38 9
39.0
39 0

132 4
133.0
134 0
133.7

'

148.5
149 5
151 4
153 0
153 7*
155 3
156 6
157.1
156 8
156 8
158 0

,

i

160 5
163 1

1

161.0
162 0
162 4
163.1
163.5
163 7
164.5
165 I
165 5

164 7
133.3
3§ 0
,
Average of l a s t 4 weeks j 1 7 2 . 2
NOTE: Components may not add due to rounding
See reverse side for data without
seasonal adjustments and for description of series*
* -Break in series, for description see footnote on reverse side.
p -Preliminary




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars.

Not seasonally adjusted.^

Related d e p o s i t s
( A l l commercial banks)
Demand d e p o s i t
Time
j U . S . Gov't
ad m s t e d
,
demand
component

Money Supply
Period
Total

1 Currency
j component

1966—February
March
April
May
June
July
August
September
October
November
December

167.8
167.8
171.6
166.9
168.8
167.9
166.9
169.4
170.1
171.0
175.2

36.4
36.6
36.8
37.0
37.3
37 .8
37.9
37.9
38.1
38.5
39.1

T°67—January
February p

174.6
170.1

•Jeek ending
1 9 6 7 — J a r . 25

172.5

Feb.

Mar

1
8
15
22 p

171.9
171.7
170.4
169.0

1
8
15
22

168.8
170.0
171.6
173.0

p
p
p
p

1

131.4
131.3
134.8
129.9
131.5
130.1
129.1
131.5
132.1
132.5
136.2

148.7
150.2
152.2
153.91
154.l|*
155.8
157.0
156.9
156.6
155.6
156.3

!
j
j
j
J
}
1

38 ."4
38.3

136.2
131.7

160.0
163.3

!
j

38.1

134v4

160.5

4.6

.

37.9
38.5
38.4
38.3

134.0
133.2
131.9
130.7

161.9
162,5
163.3
163.7

4.6
5.4
4*7
5.0

i
!
!

38.1
38.7
38.6
38.6

164.1
165.1
166.0
166.3

5.3
4.3
3.1
5.3

|

1

j

j

130.7
131.3
133.0
134.4

-

'
I

5.2
4.6
3.1
7.2
6.3
8.2
5.2
4.4
4.8
3.7
3.5
4.2
5.1

i

!

t

^

i

L

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 estimated amount of such deposits st 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 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
cotnmerical banks other than those due to domestic commercial banks and the U.S.
Government