Full text of H.6 Money Stock Measures : May 10, 1979

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F E D E R A L

R E S E R V E

statistical

release

Table 1

FEDERAL RESERVE Statistical Release^. 8 (508)

For Immediate Release

MONEY STOCK MEASURES
IN BILLIONS OF DOLLARS

M-1
Currency
Plus
Demand
Deposits^/

Date

M-1 +
M-1 Plus
Savings
Deposits at
CB's and
Checkable
Deposits at
Thrift hst. 2/

M-2

M-3

M-1 Ptus
M-2 Ptus
Time
Deposits at
Deposits at
Nonbank
Commercial
Banks Other
Thrift
Than Large Institutions*/
CD's 2/

M-4
M-2 Plus
Large
Negotiable
CD's 5/

M-1

M-5
M-3 Plus
Large
Negotiable
CD's*/

If),

M-2

M-1 +

M-1 Plus
Savings
Currency
Deposits at
Plus
CB's and
Demand
Checkable
Deposits 1 /
Deposits at
Thrift Inst. 1/

M-3

M-1 Plus
M-2 Plus
Time
Deposits at Deposits at
Commercial
Nonbank
Banks Other
Thrift
Than Large Institutions-*/
CD's Ji'

M-4

M-5

M-2 Ptus
Large
Negotiable
CD's 5/

M-3 Plus
Large
Negotiable

918.?
919. 5
930. 3
93R. R
Q41 . R
952.0

150?.7
150ft.0
1* 23. 1
15^7.6
1*43.*
1 ^ q . R
157-^.4
\5 8 4 . 7
1^0^.9

N o t Smmman* illv Ariiii*t«-.
illy MUJUVIVM

347.9
350.7
352.5
354.5
357.0
361.1
361.6
361.0
361.5
359.9
358.8
3*9.0
364.1

572.1
576.1
578.6
580.0
583.4
589.4
589.7
5*7.2
586.4
582.3
5 78.9
578.1
583.0

830.
836.
842,
848.
856.
866.
870.
874.
876.
875.
877.
879.
889.

580.0

?fl

360.2
358.8
359.7
358.8

578.3
578.6
577.2

P79. 7
879. 1
879. 7
880. 7

981.0
979.2
978.5
977.8

4

359.8

883. 1
886. R
891. 0
892. 4

979.3
982.7
r 986.2
986.8

891. 7

985.1

1978—A°R.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC
197O—JAN.
" P .
MAR.
APR. P

3
7
6
7
Q

2
9
3
3
4
1
8
8

r

1411. 9
1422. 0
1433. I
1444. 6
1458. 4
1474. 7
1485. 5
1493. 8
1500. 6
1504. I
1510. 0
1517. 7
1531. 6

913.8
922. 9
929.3
936.7
944.5
954.8
959.6
969.7
972.9
975.9
979.2
978.8
Q84. P

1495. 3
1508. 2
1519. 8
1532. ft
1546. 0
1563. 2
1574. 1
1589. 2
1597. 3
1604. 6
1612. 1
r 1616. 7
1626. 6

350.9
345.5
351.8
3*6.3
354.4
359.0
361 . 4
363.0
371.6
365.7
352.0
353.8
367.?

58P.6

355.7
355.3
354.2
349.2

575^
574.3
5ft°.8

360.4
367.2
373.7
366.7

582.5
590.3
595.1
r 58ft.9

362.3

581.5

577. ft
57?. 7
579.5
583.7
5 80.*
58*.3

837.0
834.9
844.0
351.4
853.8
861.786 8.2
871.6
882.0
R80.1
871.4
P78.5
89ft.8

5 8 7 . ft

587.4
594.4
587.3
571.5
574.1

r

1421.3
1421. 3
1436. 8
1450. 2
145*. 5
1469. 2
1481. 6
1487. 8
1503. 3
1507. 2
1502. 5
1517. 7
1*41. 6

968.0
981.6
981. 2
9^6. 0
989.4

1 6 0 R . '»•

r

1 6 0 ">. 0
Iftl?.?

WFFK cNO I N G :

1979-MAR.

APR.

7
14
?1

1 I
r 361.6
18
r 365.7
2 5» r 365.9
MAV

?P

364.0

578.4
581.0
584.7
r ^84.6
58?.0

r
r
r

57*

r

878.1
879.4
878.3
875.3

976. R
977.S
975.7
97?.O

889.0
897.7
902.7
896.1

991.Q
r O95.2

892.5

982.6

°84. 7

1/ T M C U J D E S (1) DEMAND OEPHSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE OIF T3 DOMESTIC COMMERCIAL BANKS AND THE U.S.GPV W M P M T ,
LESS CASH ITEMS IN THE PROCESS OF rnLLECTIPM AND F.R.FLOAT; (?) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY IJTMnE
THF TPEAMJRY t F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
?/ INCLUDES Ml, PL'JS SAVINGS DEPOSITS AT COMMERCIAL BANKS, NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS* CREDIT UNION SHAR P D R A F T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY ANO DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICAT E n»=
DEPTSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSJED IN DENOMINATIONS HF U 0 0 , 0 0 0 OR MORE BY LARGE WEEKLY R F O D R T ING COMMERCIAL BANKS.
, ANn
4/ INCLUDES M 2 f PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MOPE.
*/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS PF $100,000 OR MORE.
P - PRELIMINARY;
R - REVISED




>H.§(508)

Table 2

MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

C•to

M-1

M-1+

M-2

M-3

M-4

M-5

Currency
Plus
Demand
Deposits^

M-1 Plus Savings
Deposits at CB's
and Checkable
Deposits at
Thrift Inst 2/

M-1 Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's 3,

M-2 Plus Deposits
at Nonbank Thrift
Institutions!/

M-2 Plus Large
Negotiable C D s 5/

M-3 Plus Large
Negotiable CD's fi/

0.5

FROM:

JAM.

1979

( 3 MONTHS PREVIOUS)

4.7

OCT.

1978

( 6 MONTHS PREVIOUS)

1.4

APR.

1976

( 1 2 MONTHS PREVIOUS)

4.7

FOUR WEEKS ENDING : MAY
FROM FOUR WEEKS ENDING:
JAN.
NOV.
MAY

2,

1.9

T.3

5.5

4.3

6.2

**7

7,2

8.5

7.P

1979

31,

1 9 7 9 ( 1 3 WEEKS PREVIOUS)

5,7

1,

1 9 7 8 ( 2 6 WEEKS PREVIOUS)

1.5

3,

-2.3

6.6

1 9 7 8 ( 5 2 WEEKS PREVIOUS)

4.5

1.2
-2.2
1.7

7.2

3.°

4.4

*.?

7.1

1/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE D'JP TQ DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVF<*NMFMTf
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DFMANIO B A L A N C E AT P.R.BANKS; ANH <3) CURRENCY njT*I^ c
THF TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT <3AM<S AMD THRIFT INSTITUTIONS, CRFDIT UNIHN SHAR«= D&APT T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS O°FN ACCOUNT, AND T I M E C E * T I F I C A T F S HP
DEPOSITS OTHER THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSJF.D IN OENTMIN4TTDNS D c *10C,000 OR W*?
PY LARG^ W^EKL V RPonpyING COMMERCIAL BANKS.
4/ INCLUDES M?, PLUS THE AVERAGE OF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVING? BANKS, SAVINGS AND LHAN SHARPS, AMT
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIMF CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF *100,000 OP MHRP.
NOTE:
ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA? PATPS DP CHANGE ARE NOT CPMOQUNDFD.




FEDERAL RESERVE Statistical Release H.6 (508)

Table 3

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

Currency

1978—APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FER.
MAR.
APR. P

WEEK

Demand
Deposits

Time Deposits
Savings &
CD's^/

Other

?60.8
263.?
266.6
271.4
276.2

91.3
92.0
92.5
93.2
93.9
9S.2
95.8
96.6
97.5
98.?
98.9
9°. 4
100.2

256.6
258.8
260.0
261.3
263.0
265.9
265.fi
264.4
264.1
261.7
259.9
?59.6
263.9

83.4
86.2
86.7
88.0
87.6
88.5
88.6
95.4
96.6
100.5
102.1
99.0
95.0

9°.5
99.1
99.4
99.6

260.7
259.7
260.3
?59.?

101.3
100.?
98.8
97.0

30?. 5
30^.6
30^.9
306.3

100.0
99.8
100.1
r 100.1

259.8
r 261.8
r 265.6
r 265.7

96.2
95.9
95.1
94.4

*07.4
^08.6
309. 1
r 310.6

263.6

93.4

312.5

?79.6

234.1
289.9
?°?.R
?9S.9
^00.9
304.4
309.6

???.*
??3. 5
???. 8
2?3.7
??5.5
??S. ?
2?3.4
???.n

?19.6
217. e,
?16.3
7 1 6 - 1

Tntal

1 UloU

57^1?
576.8

582.?
Sfl7 . ] *

5°3.7
597.Q
608.8
611.4
616.0
620.^
619.7

6?0. 7

ENDING:

I979-MAR.

APR.

MAY

7
14
21
28
4
11
18
25 P
2 P

100.4

?16.9
?16.7
?16. ?
215.6
?15.o
r ?1 6.7
?16. ^
?16.0
215.3

6?0. «
620.^
618.^
61.9.0
619.5
6?1 • 9

6?0. ^
r 6?0.9
621.1

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN PENOMINATIONS OF U 0 0 , 0 0 ^ OR
pv LAPG^ WEEKLY
ING COMMERCIAL BANKS.
3/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
<f/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND I.OftNj SHARES, AND
o - PRELIMINARY; R - REVISED




Nnnhnnk
I^VI
IUQU l l \
Thrift
Institutions ^

^S .3
5 C O* ^
6^1 » ft
60^. 5
614.6
A
19 . ^
6?4. ^
6^8.7
6 3 ^ . °i
63'°. ^
6^1.P

FEDERAL RESERVE Statistical Rssenrs H.6(508)

Tabto 4

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

1978

Currency

APR.

Total^

Member

Time and Savings Deposit^

Domestic ^
Nonmember

Time Deposits
CD's 47

Other

Savings-^

Total

JUNE
JULY
AUG.

91.0
91.°
9?.8
93.9
9^.2

SEPT.

94.9

HCT.
NOV.

95.6
97.2
99.1
97.4
97.6
98.6
99.9

259.9
253.6
259.0
262.4
260.2
264.1
265.8
26*5.7
272.5
268.3
254.4
255.2
267.4

98. 9
98.7
98.6
98 .0

256.8
256.6
255.6
251.2

171.2
170.8
170.9
167.9

81.6
81.5
80.7
79.4

98.7
98.2
97.4
96.6

305.5
306.8
306.8
308.3

216. o
217.3
217.3
217.8

621.1
622.3
621.5
622.8

18
?5P

99.3
ln0.7
100.4
r QO.l

261.1
r 2f»6.5
r 273.3
r 267.6

174.6
r 177.5
r 182.0
178.7

82.5
85.4
r 87.6
r 85.3

95.7
94.3
92.5
91.1

30°.2
310.1
310.4
r 312.0

219.4
220.4
218.7
217.5

624.4
624.8
621.^
r 620.5

2P

99.2

263.1

175.4

83.9

90.2

313.8

216.4

620.3

MAY

DFr.
197Q—j AN.
p
EP.
^AP.

A PP.

P

177.3
172.7
175.8
177.9
176.2
178.3
179.3
178.3
182.9
179.2
169.5
170.3
178.4

78.5
77.0
79.2

C

80.1
81.9
82.7
83.7
85.6
84.9
81.0
80.8
85.3

81.4
84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5
101.1
99.6
97.5
92.6

261.9
264.8
267.1
270.5
275.7
279.2
283.3
287.1
290.5
295.6
302.6
307.2
311.0

224.2
224.6
225.1
224.7
2?3.7
223.6
223.5
221.5
219.9
218.3
216.7
217. *
218.6

67.4
574.1
57*.5
582.4
587.5
593.1
597.6
605.0
609.9
615.5
618.9
622.2
622. ?

so.*;

Other
Checkable
Deposits

2.5
2.6
2.6
2.7
2.7

2.*
2.8
2.9
2.9
2.8
2.8
2.8
2.8

Nonbank
Thrift
Institutions

U.S.
Gov't.
Demand57

* ° f*. 3
586.4
59? . 8

6 .">

5O8. R

4.5

601 . 7
607. 5
613.4
616.?
621.3
627.1
6 M .1
639.?
644.8

?. f
6•?
4. 3

4.^

8.0
10. ?
12. 0

8.3
*.^
5.4

WEEK ENDING:
IOTC-^/VR.

7

14
?1
?9

11

M^Y

6.6
3 • r>
Q.Q

7.4
4.^
'

7
• <

6.0
r 6.1
7.7

1/ TIME ANO S&VINGS DEPOSITS AT ALL COMMERCIAL BANKS.
7
' I " ^ ^ ^ ^ ^ ^ ^ ' I N A 0 D I T 1 0 N T 0 THE MEMBER ANO DOMESTIC NOVEMBER DEPOSITS SHOWN, DEPOSITS DUE T 0 FOREIGN ANO

3/ Tstl

ST ECEN

B
DTA
! !S ^
" ^
^ " ^ " &GENCIES ^
^
" R T T F 1 C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF MOO,000 OR MORE BY LARGE WEEKLY REPORTING

^ r,OMME?CIALFBANKS?LE
•>/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
7/ I K f T n F n f l P ? K M r S » M l I H R I F T INSTIT^TION«;, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND OEPOSITS AT MUTUAL SAVINGS
If 5 S COVERNSENT OFMANHNn°pnNc,rc T ™ 0 E P n S I T S A T ^ U T U * L SAVINGS BANKS, SAVINGS AND LOAN SHARES, ANO CREDIT UNION
P - PRELIMINARY- R
REVISED
* " C 0 M * " C T A L B A N K S « INCLUDFS TREASURY MOTE BALANCES, BFGINNING NOVEMBER 2,




Special Supplementary Table
Savings Deposits Authorized for Automatic Transfer
(ATS) and NOW Accounts in New York State at
Insured Commercial BanksJL/
(amounts outstanding, millions of dollars)

ATS Accounts^/

April

May

JL/
If

NOW Accounts in New York Stated/

4

6255

i325

11

6440

1400

18

6690

1500

25

6440

1590

2

6655

1560

Excluding commercial banks in Massachusetts, New Hampshire, Connecticut, Rhode
Island, Maine and Vermont.
Estimates are based on data collected by the Federal Reserve and the FDIC from
a stratified random sample of 351 commercial banks.