Full text of H.6 Money Stock Measures : March 4, 1971

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FEDERAL

RESERVE

statistical
****>

release

For immediate release
March 4 1971
In the four weeks ending February 24 the seasonally adjusted
mpney s-tock averaged $216 9 biHion which was $2 1 billion above the
average level for January
Total time and savings deposits have increased rapidly in February at near the record rate o% mid-summer 1970

MONEY STOCK AND TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted
Time depes its
adjusted
(All commercial
banks)

Money
Period

Total

1970--January
Februarys
March
April
May
June
July
August
September
October
November
December

i

1971—January

Currency
component

205 2
204-5
206.6
208.3
209 2
209 6
210 6
211 8
212 8
P13.0
213 5
214 6

46
46
46
47
47
47
48
48
48
48
48
48

214 8

49 2

Demand deposit
component
159
158
159
161
161
161
162
163
164
164
164
165

2
4
7
1
7
8
1
2
2
5
7
9

0
1
8
2
6
9
5
7
6
5
8
7

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

165 5

235 3
i

Week ending
1971—Feb

3
10
17 p
24 p

Average of last 4 weeks i




r
r

214 7
216 2
218 6
217 9

49
49
49
49

5
5
9
5

216 9

49 6

r

165 3
166 8
168 7
168 5

167 3

r

237 6
239 7
240 7
241 9
240 0

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

Not seasonally adjusted )

[ R e l a t e d deposits
| (All commercial banks)
1 Currency 1 Demand deposit j
Time
U S Gov't
component
adjusted
demand
component

Money Stock

Period
Total
1970—January
February
March
April
iJay
June
July
August
September
October
November
December

211 4
202 8
204 7
209 3
205 3
207 8
209.0
208.7
211 4
213 0
215 3
221 1

1971—January

221 3

Week ending
1971—Feb

3

10
17 P
24 p

217
r216
216
212

0
3
6
7

•

NOTE

r

49 1

48
.49
49
48

!

1

8
3
5
8

.M

165.4
156.8
158.4
162-6
158*. 0
160.1
160.7
160.4
163.1
164.5
166.1
171.1

!

4,8.2
48.5
49.2
50.0

—

p - Preliminary

46 1
45 9
46 3
46 6
47 3
47 7
48-3
48-3

r

111!

1

172.1

168 2
166.9
167 2
163 9

192.7
193 0
195.9
199.3
201.1
202.3
208.1
214.0
218-4
222.5
224.6
228-7

4.8
7.1
6.9
5.3
6.4
6.5
6.8
7.1
6.8
6.1
5.6
7.1

234.5

6.6

237.2

r

9.6

238-9

I

240.0
241.4

j

r

8.6

8.1
8.0

1

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 J:he
U S Government