Full text of H.6 Money Stock Measures : November 14, 1960

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November 14, i960

Attached is t h e f i r s t issue of a r e l e a s e shoeing t h e new
semimonthly d a i l y average money supply d a t a .

This r e l e a s e w i l l Be

published r e g u l a r l y about ore veek following t h e end of each semimonthly per tod.

I f you -wish t o be on t h e d i s t r i b u t i o n l i s t , p l e a s e

ifcform t h e P u b l i c a t i o n s Section*

dbty l^^




h^£/}rftL weekly

fi

J .£

B0A3D OP GOVE'RJfORS GF TEE SlflERAL 3ESERV2 SY5T3M
For in-mediate relcaac

Hovenoer Ih,

DEMAND DEPOSITS, CUB3EKCY, AMD K3LATSD ITfMS
(Averages of daily figures J
Mon?y supply (as defined to include decand deposits adjusted
and currency outside banks), averaged $141.2 b i l l i o n in the last half
October. For the month as a whole the average was $lU0.6 billion,
s l i g h t l y above the l e v e l that prevailed in the preceding month after
allowance for usual seasonal movements. Money supply inwthe second
half of tjfee month was $l,fi b i l l i o n above the low point reached at nid-^
year and $1.0 b i l l i o n below the level reached in the second half of
October 1959- All significant changes in money supply during the past
year have been in the demand deposit component.




PBgABD DEPOSITS Arm CPRHFCY
Seasonally Adjusted
(Billions of dollars)

in

fci

1959 — October

113.4

29.0

1*2.4

i960 - - August
September
October p •

110.9
1U.5
111.6

28.9
29.0
29.0

139-7
i4o.4
140.6

110.7
110.9
111.3
111.6
110.9
112.2

29.0
28.8
j
29.O !
28.9 . j
29.O j
29.0 i

139-7
139.7
140.3
140.5
ihOiO
1U.2

Demand
deposit : Currency
component 1 component

UL

Money
supply
(1) + (2)

MOKTHLY

1

SEMIMONTHLY

I960 — August
September
October

(1)
(2)
(1)
(2)
(1)
(2)

p . - Preliminary.

D0-AND EFPC3ITS C5RHS3CY, j»ND TSTJiTED ITE'S
TT

ithout Seasonal AfljasTr.e:..t

Fcnthlyj Sendinonthly, and ^'eekly averages- of Daily Figures
( B i l l i o n s of d o l l a r s /

. (5)

(?)
(l)
0)
_Ji>
\be :ancPl \ipasl% coipcaeno [CurAll
rency
rsun- corrr*
1
[5'emter • member
!. ccm' banks ' cocm'l. 1 banlcs

, (6)
(7)
[ reroer buries

! Money
! supoly

U . S . Govt.

Time , opTT a n d
deposits 1 deposits

j(3> + Ck)

: porent

' banks

~

, , r i

••

-

"

-

YOTiTSf
1959 - October

93.9 '

19.U

113.3

29.0

11*2.3

5U.I

I960 - August
Scptanber
October

91.0
91.6
92.0

18.8
19.1
19.5

109.8
110.7
111.5

29.0
29.1
29.1

138.9
139.7
11*0.6

56.2 !
56.9 1
57.1

91.6
93.1
91.2 :
89.6
90.U 1
90,U
90.0
91.k |

19.1
19.2
19.0
18.6
18.9 ,
18.6
18.9
18.9
19.0
18.7
19.0 ,
19.2 j
19.2
19.8 1

110.7
112.3
110.2
108.3
109.2
109.1
108.9
110.3
110, h
109.3
110.7
110.7
110.5
112. h

28.9
28.6
28.8
28.7
29.0
28.8
29.3
29.0
29.2
28.9
29.2
28.9

139.6

5U.1 !
51.2
5U.L

18.9
19.3
19.9
19.7
19.7

109.9 ]
110.5
111.9
112.3
112.9

SH E CNKLI
1955 - April

a)

Jura

(2)
(1)
(2)
(1) l

July

(2) ,
(1) j

August

(2)
(1)
(2)

I'ay

September ( 1 ) j
October
WSEKLI
I960 - October

9i:ii 1

90.6 i
91.7 j

(2)
(1)
(2)P|

91.3
92.6

5

90.9 1

12
19
26
November 2 p

91.5 1

91.3
92.0- j
92.6 j
93.2

,

(

!
i
i

I
|

lliO.Q

j
!
|
j

29.2 1

29.0 j
29.0
29.3
29.1
28.9
28.9

139.0 i
137.0
138.2
137.9
138.2
139.3
139.6 ,
138.2
139.9
139.6
139.7
1U.U i
138.8 j
139.8 1
lla.l i

1U1.2 i

Uil.B j

•

U.3*•*

U.8
5.1

2.9

3,8

5.U

6.2

5b. 5
5U.7
55.0
55.U
55.7
55.9
56.5
56.8

6.2

57.5

U.8

57.2

6.9
5.0
3.8
U.9

57.0
57.3

57.U
57.U
57.6 |
57.6 ;

5.3

6.2

5*9
5.5
5.U

3.9

5.8
$.h

$.5

p - Preliminary
NOTES: .The demand deposit component consists of demand deposits other than i n t e r bank and U. S, Government, l e s s cash items reported as i n process of c o l l e c t i o n
and Federal Reserve f l o a t . Cash3 items reported as i n the process of c o l l e c t i o n bymember banks are deducted from the demand deposits of member banks and nonxnember
commercial bank demand deposits follow a parallel logic* Since Federal Reserve
float i s not divisible on the basis of member-nonmember attribution, i t i s deducted
i n whole from the member bank demand deposit component (column 1 ) . The currency
component consists of currency outside the Treasury, the Federal Reserve, and tfte
vaults of a l l commercial banks*