Full text of H.6 Money Stock Measures : May 3, 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 H ^ ( 5 0 8 )

For Immediate Release

MONEY STOCK MEASURES
MAY

IN BILLIONS OF DOLLARS
M-1

M-1 +

M-2

M-3

M-1 Plus
M-1 Plus
M-2 Plus
Time
Savings
Currency
Deposits at Deposits at
Deposits at
Plus
Nonbank
CB's and
Commercial
Demand
Thrift
Deposits y Checkable Banks Other
Deposits at
Than Large Institutions!/
CD's 3 /
Thrift \nst.2/

Date

1978—MAP.
APR.
MAY

JUNE
JULY
AUG.
SFPT.
DCT.
NOV.
DEC.
1970— JAN.
FEE.
MAR.

343.2
347.9
350.7
352.5
354.5
357.0
361.1
361.6
361.0
361.5
359.9
358.8
359.0

566.4
572.1
576.1
578.6
580.0
583.4
589.4
589.7
587.2
586.4
582.3
578.9
578.1

Seasonally Adjusted
822.6
1400.3
1411.9
830.3
836.7
1422.0
842.6
1433.1
848.7
1444.6
856.9
1458.4
866.2
1474.7
870.9
1485.5
874.3
1493.8
876.3
1500.6
1504.1
875.4
877.1
1510.0
879.8
r 1517.5

M-4

M-2 Plus
Large
Negotiable
CD's 5/

904.0
913.8
922.9
929.3
936.7
944.5
954.8
959.6
969.7
972.9
975.9
979.2
978.8

M-5

M-3 Plus
Large
Negotiable
CD's 5/

1481 .7
1495.3
1508.2
1519.8
1532.6
1546.0
1563.2
1574.1
1589.2
1597.3
1604.6
r 1612.1
r 1616.5

M-1

M-1 +

M-1 Plus
Savings
Currency
Deposits at
Plus
CB's and
Demand
Checkable
Deposits^
Deposits at
Thrift Inst. 2/
338.2
350.9
345.5
351.8
356.3
354.4
359.0
361.4
363.0
371.6
365.7
352.0
353.8

562.6
577.6
572.7
579.5
5B3.7
5 80.8
585.3
5 87.8
587.4
594.4
587.3
571.5
574.1

M-2

M-3

M-1 Plus
M-2 Plus
Time
Deposits at Deposits at
Nonbank
Commercial
Thrift
Banks Other
Than Large Institutions^/
CD's 3/
Not Seasonally Adjusted
1400.0
821.1
837.0
1421.3
834.9
1421.3
844.0
1436.8
851.4
1450.2
853. 8
1455.5
861.7
1469.2
868.2
1481.6
1487.8
871.6
1503.3
882.0
1507.2
880.1
871.4
1502.5
878.5
r 1517.4

3,

M-4

M-2 Plus
Large
Negotiable
CD's 5/

901.4
918.3
919.5
930.3
938.8
941.8
952.0
959.0
968.0
981.6
981.2
970.9
976.0 r

1979

M-5

M-3 Plus
Large
Negotiable
CD's^/

1480.2
1502.7
1506.0
1523.1
1537.6
1543.5
1559.5
1572.4
1584.2
1602.9
1608.3
1602.0
1614.9

WEEK ENDING:
1979-F^B.

28

356.4

576.3

876.0

978.4

345.4

564.7

866.7

965.8

MAR.

7

360.2
358.8
359.7
358.8

580.0
578.3
578.6
577.2

879.7
879.1
879.7
880.7

981.0
979.2
978.5
977.8

355.7
355.3
354.2
349.2

575.4
575.3
574.3
569.8

878.1
879.4
878.3
875.3

976.8
977.5
975.7
972.0

359.8
361.5
365.6
366.1

578.4
581.0
584.7
584.9

883.1
886.8
891.0
892.4

979.3
982.7
r 986.1
986.8

360.4
367.1
373.6
366.9

582.5
590.3
595.1
587.2

889.0
897.6
902.7
896.1

984.7
991.9
r 995.1
987.2

14
21
28

APR.

4
11
18P
25P

1/ INCLUOES (1) OEMANO OEPOSITS AT ALL COMMERCIAL BANKS 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 Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS, NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT
ACCOUNTS, AND DEMAND OEPOSITS AT MUTUAL SAVINGS BANKS.
3/ 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 ISSJED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
4/ 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.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
P - PRELIMINARY;
R - REVISED




Table 2

FEDERAL RESERVE Statistical Release H.6(508)

MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

Date

MAR.

M-1

M-1+

M-2

M-3

M-4

M-5

Currency
Pius
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 ly'

M-2 Plus Large
Negotiable CD's 5/

M-3 Plus Large
Negotiable CD's 6/

FROM:

DEC.

1978

( 3 MONTHS PREVIOUS)

-2.8

-5.7

1.6

4.5

2.4

SEPT.

1978

( 6 MONTHS PREVIOUS)

-1.2

-3.8

3.1

5.8

5.0

6.8

MAR.

1978

( 1 2 MONTHS PREVIOUS)

7.0

8.4

8.3

9.1

FOUR WEEKS ENDING: APR.
25,
FROM FOUR WEEKS ENDING:

2.1

1979

3.1

-0.9

5.7

3.4

2 5 , 1 9 7 8 ( 2 6 WEEKS PREVIOUS)

0.9

-2.5

4.1

5.3

2 6 , 1 9 7 8 ( 5 2 WEEKS PREVIOUS)

4.7

2.0

7.1

7.8

JAN.

24,

OCT.
APR.

4.6

4.8

1 9 7 9 ( 1 3 WEEKS PREVIOUS)

1/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS 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; AMD (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL «ANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARF DRAFT
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ 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 C»F $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
4/ INCLUDES M2, PLUS THE AVERAGE PF THE BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHAPES, AND
CREDIT UNION SHARES.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUFD IN DENOMINATIONS OF $100,000 OR MORE.
6/ I N C L U D E M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTF: ALL RATFS OF CHANGE ARE BASED ON DAILY AVERAGE OATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Release H.6 (508)

Tabto 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY AD JUSTED, IN BILLIONS OF DOLLARS
Time and Savings Dapotfts^
Date

Currency

Demand
Deposits

Savings &
CD's-2/

252.5

Nonhank
1 I v l 1UCU 1 r\

Time Deposits

Total

Other

90.7
91.3
92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
98.2
98.9
99.4

256.6
258.8
260.0
261.3
263.0
265.9
265.8
264.4
264.1
261.7
259.9
259.6

81.5
83.4
86.2
86.7
88.0
87.6
88.5
88.6
95.4
96.6
100.5
102.1
99. 0

258.5
260.8
263.2
266.6
271.4
276.2
2 79.6
284.1
289.9
292.8
295.9
300.9
304.4

220.9
221.7
222.8
223.5
222.8
223.7
225.5
225.2
223.4
222.0
219.6
217.4
216.3

560.8
565.9
572.2
576.8
582.2
507.5
593.7
597.9
608.8
611.4
616.0
620.4
619.7

28

99.1

257.3

102.4

302.4

217.1

622.0

7

99.5
99.1
99.4
99.6

260.7
259.7
260.3
259.2

101.3
100.2
98.8
97.0

302.5
303.6
303.8
306.3

216.9
216.7
216.2
215.6

620.8
620.5
618.8
619.0

100.0
99.8
r 100.1
100.2

259.8
261.7
265.5
265.9

96.2
95.9
95.1
94.4

307.4
308.6
309.1
310.3

215.9
216.8
216.3
216.0

619.5
621.2
620.5
620.7

1978—MAP.
APR.
MAY

JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR.

Thrift
Institutions 4/

577.7
581.5
585.3
590.5
595.9
601.5
608.5
614.6
619.5
624.3
628.7
633.0
r 637.7

WEEK ENDING:
1979-FEB.
MAR.

14
21
28

APR.

4
11

18 P
25 P

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUEO IN DENOMINATIONS HF S100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
?/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
4/ AVERAGE 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 R»s*rve H.6(508)

Tabfe 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IM BILLIONS OF DOLLARS
Time and Savings Deposit1

Demand Deposits
Currency

Date

1978—MAR.
APR.
MAY

JUNE
JULY
AUG.
SEPT,
OCT.
NOV.
DEC.
19?o—JANFEB.
MAR.

Total -2/

Member

Domestic ^
Nonmember

Total

Other
Checkable
Deposits

2.3
2.5
2.6
2.6
2.7
2.7
2.8
2.8
2.9
2.9
2.8
2.8
2.8

Time Deposits
CD's 47

Other

Savings-^

89.9
91.0
91.9
92.8
93.9
94.2
94.9
95.6
97.2
99. 1
97.4
97.6
98.6

24*.2
259.9
253.6
259.0
262.4
260.2
264. 1
265.8
265.7
272.5
268.3
254.4
255.2

170.0
177.3
172.7
175.8
177.9
176.2
178.3
179.3
178.3
182.9
179.2
169.5
170.3

74.3
78.5
77.0
79.2
BO.5
80.1
81.9
82.7
83.7
85.6
84.9
81.0
80.8

80.2
81.4
84.6
86.3
87.3
88.0
90.3
90.8
96.4
99.5
101.1
99.6
97.5

260.8
261.9
264.8
267.1
270.5
275.7
279.2
283.3
287.1
290.5
295.6
302.6
307.2

222.1
224.2
?24.6
225.1
224.7
223.7
223.6
223.5
221.5
219.9
218.8
216.7
217.5

563.2
567.4
574.1
578.5
582.4
587.5
593.1
597.6
605.0
609.9
615.5
618.9
622.2

Nonbank
Thrift
Institutions

U.S.
Gov't.
Demand^

578.8
5 84.3
5 86.4
592.8
598.8
601.7
607.5
613.4
616.2
621.3
627.1
631.1
639.0

4.8
5*0
4.0
6.2
4.5
3.6
6.2
4.3
8.0

10.2
12.0
8.3
6.5

WEEK ENDING:
1979-FEB.

28

96.9

248.5

164.3

80.1

99.1

304.8

216.5

620.4

7.5

MAR.

7

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

216.9
217.3
217.3
217.8

621.1
622.3
621.5
622.8

6.6
3.5
9.9
7.4

99.3
100.7
r 100.4
99.2

261.1
r 266.4
273.2
267.8

174.6
177.4
181.9
178.7

82.5
85.4
87.5
85.4

95.7
94.3
92.5
91.1

309.2
310.1
310.4
311.7

219.4
220.4
218.7
217.5

624.A
624.8
621.5
620.3

4.3

14
21
28

APR.

4
11
18P
25P

2.6*
r 6.0
6.2

j

1/ TIME AND SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ TOTAL DEMAND DEPOSITS INCLUDE* IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWNt DEPOSITS DUE TC FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
3/ BASED ON MOST RECENT CALL REPORT DATA.
4/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING
COMMERCIAL BANKS.
5/ INCLUDES NOW ACCOUNTS AT COMMERCIAL BANKS.
6/ INCLUDES NOW ACCOUNTS AT THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS,
If AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND- CREDIT UNION SHARES.
8/ U.S. GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS. INCLUDES TREASURY ^OTE BALANCES, BEGINNING NOVEMBFR 2, 1978.
P - PRELIMINARY; R - REVISED
~




Special Supplementary Table
Savings Deposits Authorized for Automatic Transfer
(ATS) and NOW Accounts in New York State at
Insured Commercial Banksi/
(amounts outstanding, millions of dollars)
2/
ATS Accounts—

2
NOW Accounts in New York State—'

March

28

5790

1150r

April

4

6255

1325r

11

6440

1400r

18

6690

1500

1/ Excluding commercial banks in Massachusetts, New Hampshire, Connecticut, Rhode
Island, Maine and Vermont.
7J Estimates are based on data collected by the Federal Reserve and the FDIC from
a stratified random sample of 351 commercial banks,
r-revised