Full text of H.6 Money Stock Measures : March 5, 1970

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FEDERAL

RESERVE

statistical

release
For immediate release
March 5, 1970

The sharp January increase in the seasonally adjusted money supply was
reversed in February,as demand deposits declined. The estimated February level is
$199.5 billion, about the same as the Novetaber-Deceraber average At the end of February,
the money supply was $500 million above the average for the month
Time and savings
deposits increased $1.5 billion over the three weeks ending February 25, following
sharp declines in earlier weeks this year
MONEY SUPPLY AMD TIME DEPOSITS
(Averages o£ daily figures, in billions of dollars)
Seasonally adjusted

Money Supply
Period

Total
[

1969—January
February
March
April

i

Hay
June
July
August
September
October
November
December
1970—January p
February p
Week ending:
1970—Jan. 7

14
21 p
28 p
Feb.

4
11
18
25

p
p
p
p

Average of last 4 weeksi
p - Preliminary
r - Revised




195.8
196.3
196.8
198.1
198.3
199.0
199.3
199.0
199.0
199.1
199.3
199.6

1

154 4
153.8
153 7
153 6
153 4
153 7

192 1
192 0

Demand deposit
component
___152 5
152 6
154 0
153 8

Currency
component

433
;

Time deposits
adjusted
(All commercial
banks)
203 2
202 4
202 3
202 3
201 7
200 8
197 7
194 5
194 1
193 5
193 4
,
194 1

43.8
44.1
44.2
44.5
44.8
45 0
45 3
45 2
45 6
45 9
45 9

154 2

201.2
199 5

46.1
46 4

155 1
153 1

202.5
202.1
201.7
199.2

45.7
46.0
46 1
46 3

156
156
155
152

8
1
5
9

193
r 192
192
191

2
3
0
5

152
r 152
153
153

8
3
3
6

191
r 191
191
192

1
4
9
6

199
r 198
199
200

1
6
7
0

199 4

46
46
46
46

3
3
4
4

46 4

i
|

153 0

191 8

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)
USGov't
Time
adjusted
demand

Money Supply
Period
Total
201
194
195
199
194
197
197
195
197
199
201
206

196 9-- - J a n u a r y
February
March
April
May
June
July
August
September
October
November
December
«1970- - J a n u a r y p
February p

Week e n d i n g
1970- -Jan

Feb

7
14
21 p
28 p
4
11
18
25

p
P
p
p

7
8
0
2
4
0
8
9
6
3
0
0

!

Currency
component

Demand d e p o s i t
component

43 5
43 4
43 7
43 8
44 2
44 7
45 2
45 4
45 2
45 6
46 4
46.9

158 2
151 4
151 3
155 3
150 3
152 3
152 7
150^5
152 4
153.7
154 7
159 1

202 8
202 4
202 9
202 7
202 2
201 0
197.7
195 5
194 3
193 7
192 6
192 4

•

207 2
197 9

46 0
45 9

161 2
152 0

191 7
192 0

212
209
206
201

9
7
8
7

46
46
46
45

6
2
0
5

166
163
160
156

3
5
8
.2

192.5
191 9
191 6
191 3

201.8
r<198 9
197 6
195 0

45
r 46
46
45

8
2
0
7

155
r 152
151
149

9
8
6
3

!

j

191
r 191
191
192

1
4
9
6

4 9
6 9
4 8
5.4
9 2
6 0
5 6
4 3
5 3
4 2
5 1
5 5

1

i

r 4 7
6 8

r

1
|
j

4 8
3.3
4.1
6 0
6.5
6.9
6.8
8 0

p - Preliminary
r . Revised
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 commercial banks other than those due to domestic commercial banks and the
U S Government