Full text of H.6 Money Stock Measures : May 31, 1979

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F E D E R A L R E S E R V E statistical release
FEDERAL RESERVE Statistical Release H.6(508)

For Immediate R t l M M

Table 1

MONEY STOCK MEASURES
MAY 31, 1979

IN BILLIONS OF DOLLARS

M-1 +

M-1

M-2

Date

M-4

M-3

M-1 Plus
M-1 Plus
Time
Savings
M-2 Plus
Currency
Deposits at Deposits at
Deposits at
Plus
CB's and
Commercial
Nonbank
Demand
Thrift
Deposits^/ Checkable Banks Other
Deposits at Than Large Institutions*/
CD's 3/
Thrift Instj2/

M-2 Pius
Large
Negotiable

M-3 Plus
Large
Negotiable

913.8
922.9
929.3
936.6
944.1
954.1
958.8
969. 1
972.4
975.5
978. 8
978.5
984.8

1495. 3
1508. 2
1519. 8
1532. 5
1545. 6
1562. 6
1573. 4
1588. 6
1596. 7
1604. 2
1611. 8
1616. 5
r 1626. 2

M-1 +

M-1

M-5

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

347. 9
350. 7
352. 5
354. 4
356. 7
360. 7
361. 2
360. 6
361. 2
359.7
358. 6
359. 0
364. 3

MAY

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

r

572.1
576.1
578.6
580.1
583.6
589.5
589.9
587.7
587.1
583.2
580.0
579.5
584.8

830.3
836.7
842.6
848.6
856.5
865.6
870.2
873.7
875.8
875.0
876.7
879.5
889.8

r

M-4

M-3

M-2 Plus
Large
Negotiable
CD's 5/

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

Not Seasonally Adjusted

Seasonally Adjusted
1978—APR.

M-2

M-1 Plus
M-2 Plus
Time
Deposits at Deposits at
Commercial
Nonbank
Banks Other
Thrift
Than Large Institutions^/
CD's 3/

1411.9
1422.0
1433.1
1444.5
1458.0
1474.1
1484.8
1493.1
1500.1
1503.7
1509.7
1517.5
1531.2

350.9
345.5
351.8
356.2
354.1
358.5
361.0
362.6
371.3
365.4
351.9
353.7
367.4

577.6
572.7
579.5
583.7
580.9
585.5
588.0
587.8
595.1
588.2
572.6
575.5
r 590.4

837.0
834.9
844.0
851.3
353.4
861.1
867.5
871.0
881.5
879.6
871.0
878.2
r 396.8

1421.3
1421.3
1436.8
1450.1
1455.1
1468.6
1480.9
1487.2
1502.8
1506.8
1502.1
1517.4
r 1541.2

918.3
919.5
930.3
938.6
941.5
951.4
958.3
967.4
981.0
980.7
970.6
975.7
989.5

1502.7
1506, 0
1523 . 1
1537, 5
1543, . 2
1558, . 9
1571,• 7
1583 . 5
1602, 4
1607. 9
1601, 7
1614. 9
r1633, 9

WEEK ENDING :
1979-MAR.

28

358. 8

r

578.7

880.5

977.5

349.1

r

APR.

4
11
18
25

359. 7
361. 5
365. 8
366. 2

r

580.0
582.6
586.5
586.7

882.8
886.6
890.9
892.6

979.0
982.5
9 36. 1
986.9

360.3
367.1
373.8
367.1

r

362.5
360.5
360.9
356.4

MAY

364. 2
2
9
r 364. 8
16P |r 364. 4
23P
364. 4

r
r
r

584.0
584.3
583.6
583.6

r
r
r

891.8
892.7
892.9
894.4

r
r

985.3
985.4
984.4
984.2

r
r

571.3

875.1

971.7

584.1
591.9
596.9
589.0

888.7
897.4
902.6
896.3

984.5
991.7
995.1
987.3

r 583.5
r 581.8
r 582.0
577.5

r 892.5
r 891.7
r 893.3
890.3

r
r
r

982.9
981.7
982.7
979.0

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; 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 DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDESt IN ADDITION TO CURRENCY AND DEMAND DEPOSlTSt 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.
4/ INCLUDES M2t 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




FEDERAL RESERVE Mttetlcal Roto




>H.6(508)

Table 2

MONEY STOCK MEASURES
PERCENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

Dote

APR.

FROM:

JAN.

1979

(3 MONTHS PREVIOUS)

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 1/

M-2 Plus Large
Negotiable CD's y

M-3 Plus Large
Negotiable CD's V

5.1

1.1

6.8

7.3

3.8

5.5

5.4

6.7

7.8

8.8

OCT.

1978

(6 MONTHS PREVIOUS)

1.7

-1.7

4.5

6.3

APR.

1978

(12 MONTHS PREVIOUS)

4.7

2.2

7.2

8.4

FOUR WEEKS ENDING: MAY
23,
FROM FOUR WEEKS ENDING:

1979

FEB.

2 1 , 1979(13 WEEKS PREVIOUS)

6.4

2.4

7.7

2.7

NOV.

2 2 , 1978(26 WEEKS PREVIOUS)

2.1

-1.5

4.6

3.6

MAY

2 4 , 1978(52 WEEKS PREVIOUS)

4.0

1.4

6.9

6.9

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; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND VAULTS OF ALL CCMMERCIAL BANKS.
2/ INCLUDES Ml, PLUS SAVINGS DEPOSITS AT COMMERCIAL BANKS NOW ACCOUNTS AT BANKS AND THRIFT INSTITUTIONS, CREDIT UNION SHARE DRAFT T
ACCOUNTS, AND DEMAND DEPOSITS AT MUTUAL SAVINGS BANKS.
3/ INCLUDES, IN ADOITICN TO CURRENCY AND DEMAND OEPOSITS, 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.
4/ 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.
5/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
6/ INCLUDES M3f PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
NOTE: ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.

FEDERAL RESERVE Statistical Release H.6 (508)

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY AD JUST ED, IN BILLIONS OF DOLLARS
Time and Savings Deposits^
Demand
Deposits

Currency

Date

1978—APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
-MAR.
APR.

Nonhank
1
Ivl
• f\
Thrift
Institutions 4/
1UCU

Time Deposits

Savings 3/

CD's-2/

Other

Total

91.3
92.0
92.5
93.2
93.9
95.2
95.8
96.6
97.5
98.2
98.9
99.4
100.2

256.6
258.8
260.0
261.2
262.8
265.5
265.3
264.0
263.7
261.5
259.7
259.5
264.1

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

260.8
263.2
266.6
271.2
275.7
278.9
283.2
288.8
291.5
294.6
299. 5
302.8
307.9

221.7
222.8
223.5
222.9
224.1
226.0
225.9
224.3
223.0
220.8
218.6
217.7
217.7

565.9
572.2
576.8
582.1
587.4
593.5
597.7
608.5
611.2
615.8
620.2
619.5
620.6

r

581.5
585.3
590.5
595.9
601.5
608.5
614.6
619.5
624.4
628.7
633.0
638.0
641.4

WEEK ENDING:
1979-MAR.

28

99.7

259.1

97.0

304.7

217.0

618.8

APR.

4
11
18
25

100.0
99.8
100.1
100.2

259.7
261.7
265.7
266.1

96.2
95.9
95.1
94.4

305.7
306.9
307.3
308.8

217.4
218.2
217.8
217.5

619.3
621.0
620.3
620.7

MAY

2
9
16 P
23 P

100.4
100.4
100.6
100.8

r 93.6
r 92.7
91.5
89.8

r 310.7
r 311.3
r 312.2
313.7

216.9
216.6
216.3
216.3

621.1
620.6
620.0
619.8

r

r

263.8
264.4
263.8
263.7

r

1/ TIME AN0 SAVINGS DEPOSITS AT ALL COMMERCIAL BANKS.
2/ INCLUDES NEGOTIABLE TIME CERTIFICATES. OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ 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 I

E Statistical R M W V I H.6 (508)

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Time and Savings Deposit^
Date

Currency
Total^

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

Member

Time Deposits

Domestic^
Nonmember

CD's 4 '

Savings-^

Total

Other

91.0
91.9
92.8
93.9
94.2
94.9
95.6
97.3
99.1
97.4
97.6
98.6
99.9

259.9
253.6
259.0
262.3
259.9
263.6
265.3
265.3
272.2
268.0
254.2
255.1
267.5

177.3
172.7
175.8
177.9
176.2
178.3
179.4
178.4
183.0
179.3
169.6
170.4
178.5

78.5
77.0
79.2
80.4
79.8
81.4
82.2
83.2
85.2
84.6
80.7
80.6
85.1

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
270.3
275.2
278.4
282.3
286.0
289.2
294.3
301.1
305.5
r 309.3

224.2
224.6
225.1
224.8
224.1
224.2
224.2
222.4
220.9
219.9
218.0
218.9
220*1

567.4
574.1
578.5
582.4
587.4
592.9
597.4
604.8
609.7
615.3
618.7
622.0
622.1

Other
wii
101
Checkable
Deposits

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

Nonbank
Thrift
Institutions

584.3
5 86.4
592.8
598.8
601.7
607.5
613.4
616.2
621.4
627.1
631.1
639.2
r644.4

U.S.
Qov't.
Demand*'

5.0
4.0
6.2
4.4
3.5
6.2
4.2
8.0

10.2
11.9
8.3
6.5
5.3

WEEK ENDING:

1979-MAR.

28

98.1

251.1

168.0

79.2

96.6

306.7

219.3

622.6

7.4

APR.

4
11
18
25

99.3
100.7
100.4
99.2

261.0
266.4
273.4
267.9

174.7
177.6
182.1
178.8

82.3
85.2
87.4
85.1

95.7
94.3
92.5
91.1

307.5
308.4
308.6
310.2

220.9
221.9
220.2
219.0

624.1
624.6
621.3
620.3

4.3
2.6
6.0
6.0

MAY

2
9
16P
?3P

99.2
101.2
100.8
100.4

263.3
259.4
260.1
256.0

175.6
r 172.0
r 172.8
170.2

83.8
83.3
83.3
81.9

90.3
90.0
89.5
88.7

*" 312.0
r 312.8 '
r 314.2
315.7

218.1
218.3
218.1
218.2

620.3
621.2
621.8
622.7

7.5
9.9
7.9
8.6

r

r

r
r
r

1/ TIME AND SAVINGS OEPOSITS AT ALL COMMERCIAL BANKS.
2/ TOTAL DEMAND DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHFS OF FOREIGN BANKS.
3/ BASED ON MOST RECENT CALL REPORT DATA.
4/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OP 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.
It 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 NOTE BALANCES, BEGINNING NOVEMBER 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 Banks!/
(amounts outstanding, millions of dollars)
2/
ATS Accounts—
April

May

1/
1)

2
NOW Accounts in New York State—

25

6440

1590

2

6655

1560

9

6200

1545

16

6155

1570

23

6295

1580

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.