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4SA




FEDERAL

RESERVE

statistical

release

fatal
no

* utaMtM
D«t.

1973 - April
May
June
July
August

For ImmediiU Ralaas*

MONEY STOCK MEASURES

.

Hf ffl

**

]

*i

n"

"I

Mt piut time dtpoiitil M| ptui dapoiltt 1
Currency ptatt
at commercial banks
at nofibanh
other thin1 large
thrift Inttitutiorti* dtmtntf dtpotltt'
CD a*
1
ftasMtafiy Miuattf
|

Currency plus
dtmind deposits^

October
November
December

259.4
262 # 4
265.5
266.4
266,*
265.5
266*6
269.2
271.4

1

1976 - January
February
March
April

270.8,
273.7
276.2
278.1

575.4
581.9
586.2
590.2

3
10
17
24

277,5
277,7
280.1
277,8

1
8P
15p

276.8
278.5
279*3

538.4
543.7
549.5
552.1
555,1
556.8
561.9
567.3
572.1

|

1Uy 23, 1974

^r^^^^^^^^^^^^^^^^^~

846.4
854.1
862.6
867.1
870.7
873.5
880.3
887.7
894,8

260.9
257.9
263.6
265.7
263.0
264.0
266,1
270.9
279.1

j

»»

1

M, pltjt tin** dtpoiltl

•t commirclil btnkt
attar thtn itrgi
CP't^
1
i •t iuiMtlly kimw
542.4
|
|
541.8
548.9
551.1
351.3
554.4
560.1
365.7
577.2

278.1
270.8
273.5
279.6

581.4
579.3
585.7
594.6

588.1
589.3
592 3
590.2

277.0
280.7
284.5
278.6

590.7
595.1
599,7
593.5

589 6
591.1
592 8

275.2
274.8
275.7

590.8
590.2
592.0

900.4
909.0
915.8
921.6

i

"»
M] plus dipotlli
it nonbink
thrift inititutloni*
852.1
633.2
863.6
867.6
866.6
870.0
877.2
884.0
898.4
905.9
906 3
916 5
927 6

Week ending
1974 - April

May

1

1/

II
3/
&

i

i

Money stock and related measures, shown in t h i s r e l e a s e , have been revised to r e f l e c t new benchmark data
for nonmember banks a v a i l a b l e from the December 31, 1973* c a l l report and from reports of foreign agencies
and branches, as well as benchmark adjustments and seasonal factor revisions for the nonbank t h r i f t
i n s t i t u t i o n s component of M3 Revisions for M. and M. a f f e c t 1973 data and for \/L a f f e c t figures
back to 1959 Detailed data are available from the Blnking Section of the Board's Division of Research
and S t a t i s t i c s
Includes (I) demand deposits at a i l commercial banks other than thOAe^Uj&^0-_djcmeaJLic--eotamarclal banks
andThe U S Government, l e s s cash items in the process of c o l l e c t i o n and F R float
(2) foreign demand balances at F R Banks and
(3) currency outside the Treasury, F R Banks and vaults of a l l commercial banks
Includes, In addition to currency and demand d e p o s i t s , savings d e p o s i t s , time deposits open account, and
time c e r t i f i c a t e s of deposits other than negotiable time c e r t i f i c a t e s of deposit issued in denominations
of $100,000 or more by large weekly reporting commercial banks
Includes M- plus the average of the beginning and end of month deposits of mutual savings banks and
savings and
loan shares
ma lc
preliminary

r C D I f i A L RESERVE Statittical R e i e a i e H 6

Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES
• B ^"""^""™^™^ — •"**"

1

«I
Currency plus
demand deposits^

Period

|

mmmmmmmmmmmmmmmmmmmmmmmmmmammmmmmmm

2
M t plus time deposits
at commercial banks
other than large

CD's 2/

1
1

J

Mj

M2 plus deposits
at nonbank
thrift institutions3/

April trom:
January 1974 (3 months previous)
October 1973 (6 months previous)
April 1973 (12 months previous)

]

10,8
8.6
7.2

10.3
10.1
9.6

10.2
8.0
6.6

9.2
9.3
9,2

8.9

Four weeks ending May 15, 1974
from four weeks ending:
Feb. 13, 1974 (13 weeks previous)
Nov. 14, 1973 (26 weeks previous)
May 16, 1973 (52 weeks previous)

ude%

(1i demand d e p o s i t at an commercial bank* oi her th'an tho^e due to domestic commercial banks and the US apvemttefit
process ff f oMnclion and r n fio«^l
(2) f o r e i g n *

No'

' jni" * \

T3

H

loss cash Item*; \w the

*\ fctufiks

(3) c\it<t>ftc
,» thy Treasury F r t)ar^» uuu vaults ut all commercial banks
jes m addition
ui'onr y and demand deposits savings deposits time deposits open account and time certificates of deposits other than
able hme ceMif *te- di deposit issued in denominations of $100 000 or more by large weekly reporting commercial banks,
deo M? plus ihi i^r.tge of the beginning and end of month deposits of mutual savings banks and savings and loan fthares.
iates oi change ate *jdM»d onjdaiW average data MVt of change are not compounded




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b

o
a.
w
T3
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to

£

•

•

•

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•

r

•

l

•

H

•

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H

•

»

•

N

«

•

N

•

•

in ^

•

o

•

«

•

ON * - i

•

•

cocococo

^

•

CM CM CM CO

^

c o o c o m m v o o o o c M

«

O

•

cococococococococo

•

o ^ - r ^ r ^
r^t^r^cx)
CO CO CO CO

•

N N m o M n o o o N O e n
c o < f - 3 - < i - m m m v O v D
CO C O C O C O C O C O C O C O C O

so CM o

•

O N < r o N N o o < r c o H s o

• « • *
<r co o CM

O ^ t O N I

co -sr i-<

•

i—i

CM 'CM CO

m

O =M >C
^ 3V O^
CO C O CO

mt

CM i n N O*
00 00 00 GO1
CO CO CO CO"

•

oc - o <a-

•

in in CM co
•

*-C

CO CO CO

r-l

•—I — <

i-l

O H C M C S I
i-H

O r%. r^

CO CO CO CO

m ON oo <^

O O r - f i - «
COCOCOCO

i-<

• • • • * • • • •
cowcotoooi-iinooo

m v O N ^

r v C O O O C O Q O O \ < T i O v O
CNOJCMCMCMCMCMCMCO

< t C O O O \ C O ! ^ 0 0 0 0 0

04^

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CC Ofc O
1^. Ps. 00

•

r^. r^ t^. i ^

*•

r-l CO < t XO

•

in V O N I O
vD VD ^O N

r-1

r - t CM

3

P^

i—i

OO

in

v O v30 sO

«r- un ^d-

^-| r-^C ,-,

\ D VD

co

i-i os

< M CM C N

CM

r-f i H t-l H

<c

e.

^
5-J

t—1

co o r^ <r

x o \0

co * * ^

m

CM C M CM CM

•d* co vo co

•

0 0 H CSI CO VO \ D < n N N
lT|vOvOvO\OvOvO\0\0

>.
>> ^

•

O O O

CX3 H N
^
o i - l i - l i - l
CMCMCMCM

f* VD O CK

• C•
O
1
c
*r-l

C O H O S H

O O ^ N O S ^ f n H N N
O C O v O v O \ D i n O O O C T k
O O O O O O O O O
N N C M N N N N
N M

O N

n
«
g
g
0) <U

C A N < f O

g
f]>
O X )
-U O

vDC^st m o O N i T i

±j
«
>» 3

\o VD vo o

0>

intntninmNOvOvOvD

f*
^

V* CO
t3
3 £ H
2 S-i U -H
C JO U U

<r
r**

f
1

jstf1

d o d a
•-a ^ 2 <
<r

ON
t—1

:sl

^
a

r^
a*

r-l

CD

c

I

? to

«

c

£

* £

£




O

=3

re
O

o - t f 3 r 3 3 o u
o o
<S»nlTs<wOzca
co
ON

end

FEDFRAL RfcSERVE Statistical RPIPBSO H 6

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

Demand deposits
Ddte

1973-• - A p r i l
Mny
June
July
August
September
October
November
December

1

Weok e n d i n g :
1974- - A p r i l

3

10
17
2U
May

1

8 p
15 p

1

Domestic
nonmember -'

Currency

lotal -'

Member

___

202.6
199.2
204.1
205.7
202,9
203.8
205.7
209.5
216.4

148.9
145.8
149.1
149.7
147.8
148,2
149.7
151.8
157.0

51.6
51.1
52.4
53.2
52.7
53.3
53.8
55.1
56.6

216.5
209.0
210.8
216,1

156.4
151.2
152.5
156.0

214.1
216.5
220.6
215.3
212.1
210.3
211.4

1

58.7
59. 4
,60.0
60.0
60.1
60.4
61.5
62.7

|
1

61.6
61.9
62.7
63.6

197A- - J a n u a r y
February
March
April

Time and savings de posit

62.9
64.2
64.0
63.3
63.0
64.5
64.3

j
j

CD's

u

Other

Total

|

Nonljtink 1
thrift
institution;.4

U S Gov t
demand11

56.1
58.8
59.3
62.3
68,4
68.8
66.3
64.1
64.1

281.5
283.9
285.3
285.4
288.3
290.5
294.0
294.8
298.1

337.6
342.7
344,7
347.8
356.7
359.3
360.3
359.0
362.2

309.7
311.4
314.7
316.5
315.3
315.6
! 317.0
318.3
j '. 321.2

57.1
55.2
55.5
57.3

66.1
65.9
67.0
72.4

303.4
308.5
312.2
314.9

369.4
374.4
379.2
387.3

324.5
326.9
330.8
333.2

155.2
156.3
159.0
155.3

56.1
57.4
58.6
57.3

69.5
71.5
71.8
73.6

313.7
314.4
315,2
315,0

383.2
386.0
386,9
388.6

7.1
4.6
4.5
6.0

153.2
151.6
152.1

56.1
56.0
56.6

74.3
76.0
77.0

315.6
315.4
316.2

389.9
391.4
393.2

9.3
11.1
7.6

|
i

i

8,3
8.7
/.l
6.5
4,1
5.3
6.0
4.3
6.3
i
'

8.0
6.6
6.3
6.0

' >i, i <Jf posits 'iiriurip m addition to the member diul domestic nonmemher deposits shown, deposits due to foreign and international Institutions
<;• f- H (Stinks rfiid M | type balances at agencies and branches of furL'iqn banks

I ' \\ IS-MJ on most recent call mport single day observations
1/ I'H lufjcb negotiable time certificates of deposits issued in denominations of $100,000 or moie by large weekly leporting commorclaf banks
-1' Avi r.irje ff beginning and end of month deposits at mutual savings banks and savings and loan shares
bi U S Government demand ijpuosits at all commercial banks




p - Preliminary.
Rf>v„2/74