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FEDERAL
statistical

RESERVE
release
For immediate release
November 5, 1970

The seasonally adjusted money supply has averaged $206 2 billion in the
four weeks ending m October, unchanged from the average level for the month of
September. Total time and savings deposits averaged $220.9 billion in the latest
4 weeks, or about $4 0 billion higher than the average September level
In the
latest week, time deposits increased $300 million, somewhat below the increase of
recent weeks,
WmY
SUPPLY AND TIME DEPOSITS
(Averages of daily figures, m billions of dollars)
Seasonally adjusted

Money Supply
Period

Tatal

1969—September
October
November
December
1970—January
February
March
April
May
June
July
August
September

Week e n d i n g
1970—Oct

;

7
14
21 p
28 p

Average of l a s t 4 week*\
i

p - Preliminary
r - Revised




Currency
component

Time d e p o s i t s
adjusted
(All commercial
banks)

Demand d e p o s i t
component

194
193
193
194

1
5
4
1

192
192
194
197
199
201
206
211
217

1
0
3
9
6
0
9
8
0

199,0
199.1
199.3
199-6

45 2
45,6
45.9
45 9

153
153
153
153

7
6
4
7

201 1
199 3
201 5
203.3
203 9
203 6
204 3
206 0
206 2

46 1
46 4
46 7
47.0
47 6
47 8
48 1
48 2
48 2

155
153
154
156
156 s
155
156
157
158

0
0
8
2
2
9
2
8
0

207 2
205 1
207 3
205,0

48
48
48
48

3
6
6
5

158 9
156 5
158 7
156.5

219 8
r 220 8
221 4
221.7

206 2

48 5

1^7 7

220 9

1

1
1

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, in billions or dollars

Not seasonally adjusted )

Money Supply
Period
Total

Currency
component

Demand d e p o s i t
component

.969--September
October
November
December

197
199
201
206

6
3
0
0

45.2
45 6
46 4
46 9

152.4
153 7
154 7
159 1

970--January
February
March
Aprils
Hay
June
July
August
September

207
197
199
204
199
201
202
202
204

1
8
7
2
9
7
7
8
8

46 1
45 9
46.3
46.6
47 3
47 7
48.2
48 3
48 2

161 1
151.9
153 4
157.6
152 6
154.0
154 5
154.5
156 5

teek ending
970—Oct

;
3

Related d e p o s i t s
( A l l commercial banks)
US
Gov't
Time
adjusted
Gt.jwnd
194 3
193 7
192.6
192.4

5.3
4.2
5.1
5.5

191.7
192.0
194.9
198.3
200.0
201 2
206.9
212.8
217 2

4 7
7 1
6.9
5.3
6.4
6.5
6.8
7.1
6 9

!
7
14
21 p
28 p

207 0
206,1
206 4
204 7

;

48
48
48
48

6
7
5
1

r

158
157
157
15b

4
5
9
6

220
221
221
222

0
0
6
0

j
!
|

r

7.6
5.0
5.0
6.6

p - Preliminary
r - Revised
NOTE
Money supply consists of (i) demand deposits at all commercial banks, other than
those due to domestic commercial banks and the U S Government, less cash items
in process of collection and Federal Reserve float, (2) foreign demand balances at
Federal Reserve Banks, and (3) currency outside the Treasury, the Federal Reserve
and the vaults of all commercial banks
Time deposits adjusted are time deposits
at all commercial banks other than those due to domestic commercial banks and the
U S Government