Full text of H.6 Money Stock Measures : March 9, 1978

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D°LS£!&'

FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

release

statistical

Table 1

For Immediate Release

MONEY STOCK MEASURES

MAR.

9, 1978

IN BILLIONS OF DOLLARS
MI

M2

M4

*3

*s

Mj Plus Time
M 2 Plus
M 2 Plus
M 3 Plus
Currency Deposits at
Deposits at
Large
Large
Commercial Nonbank
Plus
Demand
Banks
Negotiable Negotiable
Thrift
CD's5/
Deposits-!/ Other Than Institutions^/
CD's*/
Large CD's 2/

Date

M2

M!

M ) Plus Time
M 2 Plus
M2 Plus
Currency Deposits at Deposits at
Large
Commercial Nonbank
Plus
Banks
Negotiable
Demand
Thrift
CD's*/
Deposits!/ Other Than Institutions*
Large CD's^

314.0
315.4
320.5
320.7
321.9
326.8
328.4
330.4
333.7
333.3
335.4

750.7
756.1
764.6
767.6
772.8
763.5
787.7
792.9
799.6
802.7
806.5

1258.2
1268.1
1281.2
1269.0
1299.5
1316.9
1329.5
1343.1
1357.1
1365.6
1374.0

1970— JAN.
FEB. P

337.4
336,3

812.0
814.3

1383.0
1387.8

340.2
336.6
337.2
337.4

813.1
810.7
812.0

1
6
15
22 P

336.0
337.3
r 336.4
335.8

811.7
814.8
r 814.2
r 814.3

1 P

334.9

813.5

616.2
826.2
829.9
836.8
846.3
650.9
856.2
865.9
873.5
881. 2

1321.5
1330.3
1342.8
1351.3
1363.5
1379.8
1392.7
1406.3
1423.5
1436.5
1446.8

309.9
312.4
322.3
315.5
321.4
327.2
325.2
328.2
332.5
335.4
344.9

Y<t7.2
756.2
770.0
766.2
774.5
784.0
784.4
788.9
796.4
600.0
611.7

1253.1
1269.6
1290.2
1290.3
1305.7
1322.1
1326.6
1337.1
1350.6
1357.4
1374.2

668.3
893.7

1459.3
1467.2

343.6
332.0

817.2
810.6

1385.3
1362.2

357.9
349.6
345.6
337.1

626.4
821.9
619.3
611.7

814.0

*5
M 3 Plus
Large
Negotiable
CD's#

Not Seasonally Adjusted

Seasonally Adjusted
1977 — FEB.
MAk.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

M4

*3

.

808.5
617.0
tt30. 1
627.4
837.5
646.8
848.8
854.3
864.7
671.6
687.6

1314.4
1330.7
1350.3
1351.4
1368.7
1384.9
1391.1
1402.6
1419.0
1429.0
1450.2

693.6
887.5

1461.6
1459.1

MEEK ENDING:
1978 -JAN.

FEB.

MAR.

4
11
18
25

889.8
606.6
887.6
889.0

812. a
r

686.9
893.2
893.2
694.0
894.3

r

332.6
335.3
333.5
329.8
329.2

r

606.0
612.3
611.8
609.2
809.7

905.8
698.4
895.2
887.7

r

884.4
866.9
668.5
8B6.0
887.4

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL 6ANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, 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 M2t PLUS NEGOTIABLE TIME CERTIFICATES QF 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 Peltate H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

M

i

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

DATE

&.

FROM:

/.

1977

(3 MONTHS PREVIOUS)

3.6

5.8

i.
AUG.

1977

(6 MONTHS PREVIOUS)

4.8

6.8

FEB.i.

1977

(12 MONTHS PREVIOUS)

7.1

8.5

JR WEEKS ENDING: MAR.
<OM FOUR WEEKS ENDING:

M

MM

3

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

6.5
8.8

10.3

M4
M2 Plus Large
Negotiable CD's- 7

9.3

10.1
9.6

«*5
MS Plus Large
Negotiable CD's

8.5

10.7
11.0

i, 1979

/.

30, 1977(13 WEEKS PREVIOUS)

3.5

5.8

i.

31 t 1977(26 WEEKS PREVIOUS)

4.8

6.7

NAR.
I.

2* 1977(52 WEEKS PREVIOUS)

7.0

8.4

9.2

10.0
9.8

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUfc TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT*
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.&ANKS; AND (3) CURRENCY OUTSIDE
THE TtASURY, F.R.&ANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES* IN ADDITION TO CURRENCY AND DEMAND DEPOSITS* SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT* AND TIME CERTIFICATES OF
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DfcPOSll 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 BANKS* SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATfcS OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3* PLUS NEGOTIABLE TIMfc CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100*000 OR MORE.
NOTE: ALL RATES OF CHANGE A R E BASED ON DAILY A V E R A G E DATA; KATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Release H.6

Table 3

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

Currency

Demand Deposits
CD's^

81.8

1977— FEB.

Total

82.2
83.1
83.6
84.0
65.1
85.5
86.4
87.1
87.8
68.4

232.1
233.2
237.4
237.1
238.0
241.7
242.9
244.0
246.6
245.5
247.0

63.3
62.2
61.6
62.3
63.9
62.8
63.2
63.2
66.4
70.9
7'-. 7

436.7
440.6
444.1
446.9
450.9
456.7
459.3
462.6
465.9
469.4
471.1

500.0
502.8
505.7
509.2
514.8
519.5
522.5
525.8
532.2
540.3
545.8

507.5
512.1
516.6
521.4
526.7
533.5
541.7
550.2
557.5
563.0
567.6

89.2
90.1

248.2
246.3

76.3
79.4

474.6
478.0

550.9
557.3

571.0
573.5

4
11
18
25

88.7
86.7
89.2
8V. 6

251.5
247.9
246.0
247.8

76.6
76.0
75.7
76.2

472.9
474.1
474.8
475.3

549.6
550.1
550.4
551.5

1
6
15

89.7
89.8
89.9
90.4

246.3
247.5
246.6
245.5

77.3
78.4
79.0
79.7

475.7
477.5
477.8
478.5

553.0
555.9
556.6
558.2

244.7

80.8

MAR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
OCT.
NOV.
DEC.

1978— JAN.
FEB.

Other

N on bank
Thrift Institutions- 27

P

WEEK ENDING:
1978- JAN.

FEB.

21 P
MAR.

1P

90.2

r

r
r

476.6

r

559.3

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.
2/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES* AND CREDIT UNION SHARES.

p - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Release H.6

Table 4

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

Demand Deposits
Date

Currency

Total

17

Member

Time and Savings Deposit

Domestic
Nonmember^

CD's^/

Other

Total

Nonbank
Thrift
Institutions4/

U.S. Gov't.
Demand^/

60.8
81.6
62.6
63.4
84.2
65.7
85.8
66.1
86.9
88.4
90.0

229.1
230.9
239.6
232.1
237.1
241.4
239.3
242.1
245.6
247.0
254.9

161.0
162.1
167.6
161.8
165.1
167.7
166.3
167.5
170.0
170.3
176.3

64.6
65.2
68.3
66.6
66.3
69.5
69.1
70.4
71.3
72.4
74.3

61.3
60.8
60.1
61.2
63.0
62.8
64.5
65.4
68.3
71.6
75.9

437.3
443.8
447.7
450.7
453.2
456.9
459.2
460.7
463.6
464.6
466.8

498.6
504.6
507.7
511.6
516.1
519.6
523.7
526.1
532.2
536.2
542.7

505.9
513.6
520.2
524.1
531.1
538.1
542.3
546.2
554.3
557.4
562.5

4.4
4.5
5.6
3.6
5.2
3.9
3.7
5.4
4.1
3.8
5.5

88.6
88.9

255.2
243.1

175.8
167.3

74.9
71.6

76.4
76.9

473.4
476.6

549.6
555.5

566.1
571.6

4.6
4.6

89.5
89.5
88.7
87.9

268.4
260.1
257.1
249.2

186.8
178.5
176.7
171.6

77.0
77.1
75.7
73.2

77.3
76.6
76.0
76.0

470.5
472.3
473.4
474.5

547.9
548.9
549.4
550.6

7.0
4.4
4.3
4.5

245.2
246.0
240.7

169.3
169.7
167.8
165.3

72.0
72.3
72.3
71.2

76.4
76.7

22 P

67.6
89.3
89.1
89.1

475.3
477.0
478.3
479.4

551.7
553.7
r 555.0
556.2

4.0
4.9
3.7
4.5

1P

88.2

240.9

166.2

70.7

460.5

558.2

5.3

1978— FEB.
MAR.
APR.
MAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

1978 —JAN.
FE8. P

WEEK ENDING:
1978-JAN.

4
11
16
25

FEB.

1
8
15

MAR.

r 244.3

*

76*6
r 76.8
77.6

I/ TOTAL DEPOSITS INCLUDE* IN ADDITION TO THE M E M B E R AND DOMESTIC NONMEMBER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
2/ 5ASED ON MOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY
REPORTING COMMERCIAL BANKS.
4/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS* SAVINGS AND LOAN SHARES* AND CREDIT UNION SHARtS.
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P - P R E L I M I N A R Y ; R - REVISED