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FEDERAL
statistical

RESERVE

release

*SutfS^

H

*6

For immediate release
November 3, 1966.

The seasonal^.-adjusted money supply declined $700 million in the
week ending T)ctober 26, to a level of $168.9 billion* In the four weeks
ending October 26, money supply averaged $169.9 bullion, $600 million below
the average September level. Time deposits adjusted deceased $300 million
in the latest week, and since September, time deposits have declined on average
by $200 million'.
i

MONEY SUPPLY AND TIME DEPOSITS
Averages of daily figures, in billions of dollars
Seasonally adjusted
tonev Supply
Period

Currency

Total

Demand d e p o s i t
component

1 Time deposits
adjusted
(All commercial
banks)

164.1
165.2
165.6
167.2

3577

_ —

_

36.0
36.1
36.3

129.3
129.5
130.9

143.7
145.5
146.9

1966—January
February
March
April
May
June
July
August
September

168.0
168.2
169.3
170.9
170.2
171.1
169.6
169.6
170.5

36.6
36.8
36.9
37.2
37.3
37.4
37.7
37.8
37.9

13J.4
131.4
132.3
133.7
132.9
133.7
131.9
131.8
132 .6

147.8
148.5
149.5
151.4
153.0
153.7*
155.3
156.7
157.1

Week ending:
1966—Sept. 7
14
21
28

170.5
170.1
171.7
170.0

37.8
38.0
38.0
37.9

132.6
132.1
133.7
132,1

157.1
157.1
157.0
157.2

37.9
38.0
38.0
37.9

132.8
132. 2
131.6
131.1

157.0
156.9
156.9
156.6

W f\^%

T»

CM* 4 j • " > J"1

I1 1 — l l ' l

1 tl W *

_

-T^v^^^Tjeptemoer—
October
November
December

Oct.

5
^12
19 p
JZ6 P

-

170.7
170.2
169.6
168.9

,

-

156.9
3J8.0
j
131.9
[
erage or l a s t 4 weeks | 169.9
1
NOTE: Componets may not add due to rounding. See reverse side for data without
seasonal adjustments and for description of series *
p - Preliminary
* Break in series, for description see footnote on reserse side*




DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions of dollars. Not seasonally adjusted.)

[ Related d e p o s i t s
( A l l commercial banks)
F U.S. Gov't.
1 Demand d e p o s i t
Time
a
d
j
u
s
t
e
d
demand
component

Money Supply
Period

1

Total

Currency
component

1965—September
October
November
December

163.1
165.7
167.3
172.0

35.7
36.0
36.5
37.1

127.5
129.7
130.8
134.9

1966—January
February
March
April
May
June
July
August
September

173.0
16J.8
167.8
171.6
166.9
168.8
167.9
166T9
169.5

36.5
36.4
36.6
36.8
37.0
37.3
37.8
3778"
37.9

136.5
131.4
131.3
134.8
129.9
131.5
130.1
129.0
131.5

Week e n d x n g ^
1966--Sept. 7
14
21
28
Oct.

5
12
19 p
26 p

!

i

168.4
169.9
172.0
167.7
169.8
170.0
170.3
169.6

i

|

i

!
!
;
1

141.4
143.5
144.3
145.2

5^5
5.0
4.1
4.6

147.3
148.7
150.2
152.2
153.9
154.1*
155.8
157.0
156.9

3.8
5.2
4.6
3.1
7.2
6.3
8.1
5.Z
4.5

4.7
3.2
3.1
6.3

"38.2
38.1
37.9
37.6

130.2
131.8
134.1
130.1

157.1
157.2
156.6
156.8

37.9
"38.3
38,1
37.8

131.9
131.7
132.2
131.8

156.9
156.9
156.8
156.3

|

6.7
4.5
3.2
5.5

1
^ E f f e c t i v e June 9, lybb, balar c e s accumulat ed t o r payment oJ : p e r s o n a l l o ans v e r e
reclassified for reserve purposes and are excluded from time deposits reported by
member banks. The estimated amount of such deposits at all commercial banks ($1,140
million) is excluded from time deposits adjusted thereafter.
p - Preliminary.
NOTE: Money supply consists of (1) demand deposits at all commercial banks, other
than those due to domestic comniercial banks and the U.S. Government, less cash items
in process of collection and Federal Reserve float; (2) foreign demamd balances at
Federal Reserve Banks; aad (3) currency outside the Treasury, the Federal Reserve
and the vaults of all commercial banks. Time deposits adjusted axe time deposits
at all commercial banks other than those due to domestic commercial banks and the
U•S
* Government«.