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FEDERAL

RESERVE

RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

NOV.

9, 1978

IN BILLIONS OF DOLLARS

MI

M2

M4

M3

MI Plus Time
M2P»us
M 2 Plus
Currency Deposits at
Deposits at
Commercial Nonbank
Large
Plus
Banks
Demand
Negotiable
Thrift
Deposits^ Other Than Institution s-2/
CD's!/
Large CD's2/

Date

M5

M 3 Plus
Large
Negotiable
CD's.*/

MI

NOV.
DEC.
1978 — JAN.

Ftfa.
MAR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.
OCT. P

335.9
336.2
336.5

801.4
805.4
809.5

1357.9
1367.1
1376.1

341.7
341.8
342.9
348.5
350.6
352.8
354.2
356.7
360.9
362.0

815.9
619.1
822.6
830. 3
635.2
&40.6
846.2
853.5
862.4
867.4

1 38 6 . 6

361.4

1393.1
1400.3
1411.4
1419.9
1429.6
1440.9
1455.1
1472.0
1484.5

M4

MS
M 3 Plus
Large
Negotiable
CD's#

Not Seasonally Adjusted

867.8
876.3
6tt3.5

1424.3
1438.0
1450.1

335.2
338.4
346.2

798.7
602.8

692.2
898.5
904.7

1462.9
1472.5
1*82.3
1494.9
1500.9
1516.5
1528.3
1541.4
1560.1
1572.7

347.5
335.9
338.2
350.9
345.3

8*0.6

913.7
922.2
927.3
933.6
939.8
950.5
955.6

M3

M i Plus Time
M2Plus
Currency Deposits at Deposits at
M2 Plus
Plus
Commercial Nonbank
Large
Banks
Negotiable
Demand
CD's4/
Deposits^ Other Than Institutions^
Large CD's^

Seasonally Adjusted
1977— OCT.

M2

351.7
356.0
^54.2
356.8
361.3

814.9

813.9
621.1
836.6
833.6
642. 0
848.7
650.8
658.4
864.5

1353.0
1360.1
1377.5

667.1
674.4
890.9

1421.3
1431.7
1453.4

1369.0
1386.0
1400.2
1421.2
1420.3
1435.2
1447.9
1452.9
1466.4
1479. u

697.0
690.6
901.4
917.9
918.2
928.3
936.0
938.8
94o.7
955.4

1465.4
1462.9
1480.5
1502.6
1505.0
1521.5
1535.2
1541.0

1556. 7
1^69.9

WEEK ENDING:
1978-SEP7.

OCT.

6
13
20
27

360.5

361.1
361.8

861.3
861.7
862.6
664.1

4

18 P
25 P

360.2
364.3
364.3
358.9

864.5
869.4
869.3
r 865.3

1 P

361.0

868.2

11

NOV.

946.8
950.3

360.3
362.4
360.3
353.0

661.9
858.8
652.6

956.3
r 954.2

360.5
364.9
364.8
r 356.0

862.5
868.6
866.0
r 859.8

958.4
957.7
r: 950.9

960.0

359.2

862.4

955.7

951.8
951.7
951.4
955.&

659.4

948.7
952.1
949.5
943.3
953. 1

I/ INCLUDES (1) DEMAND DEPOSITS AT ALL COMMERCIAL BANKS OTHER THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND IHt U.S.GOVERNMENT ,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.k.BANKS; AND (31 CURRENCY OUTSIOfe
THE TREASURY, F.R.BANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, IN AUDITION 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 OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ 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.
4/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.

P - PRELIMINARY; R - REVISFD




HEDiRAt RfSERVE Statistical R«ft«at« N.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED A N N U A L RATES

"i

Mi Plus Time
Deposits at
Currency Plus
Commercial
Demand Deposits-1/ Banks Other Than
Large CD's^/

DATE

,T.

FROM:

)LY

1978

(3 MONTHS PREVIOUS)

8.8

»R.

1978

(6 MONTHS PREVIOUS)

7.7

T.

1977

(12 MONTHS PREVIOUS)

7.8

)UR WEEKS ENDING: NOV.
ROM FOUR WEEKS ENDING:
IG.
kY

V.

2,

MM

10.0

M3

M4

MaPlus Deposits
at Nonbank Thrift
Institutions^/

M2 Plus Large
Negotiable CD's

M

5

Ma Plus Large
Negotiable CD's"7

12.1

9.4

11.6

8.9

10.4

9.2

10. A

8.2

9.3

10.1

10.4

1, 1978

1978(13 WEEKS PREVIOUS)

9.0

3,

1978(26 WEEKS PREVIOUS)

7.2

8.8

2,

1977(52 WEEKS PREVIOUS)

7.8

8.2

10.2

9.7
9.0

10.1

I/ 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; U) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURKtNCY OUTSlDfc
THE TEASURYf F.R.8ANKS AND VAULTS OF ALL COMMERCIAL BANKS.
2/ INCLUDES, IN ADDITION TO CURRENCY AND DEMAND DEPOSITS, SAVINGS DEPOSITS, TIME DEPOSITS OPEN ACCOUNT, AND TIME CERTIFICATES OF
DEPOSITS OTHfcR THAN NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE bY LARGt WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES M2, PLUS THE AVERAGE OF THt BEGINNING AND END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND
CREDIT UNION SHARES.
4/ INCLUDES M2, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOS-IT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
5/ INCLUDES M3, PLUS NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORfc.
NOTt: ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDtD.




FEDERAL RESERVE Statistical Release H.6

Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS

Time and Savings Deposits
Date

Currency

Demand Deposits
CD's^

Other

Total

Nonbank
Thrift Institutions 27

1977—OCT.
NOV.
DEC.

87.1
87.7
88.6

248.7
248.5
249.9

66.4
70.9
74.0

465.5
469.2
471.0

531.9
540.1
545.0

556.5
561.7
566.6

1978 — JAN.
FEB.
MAR.
APR.

89.4
90.1
90.7
91.2
92.1
92.8
93.3
94.0
95.2
95.9

252.2
251.7
252.3
257.3
258.5
259.9
260.9
262.8
265.7
266.1

76.3
79.4
82.0
83.4
87.1
86.7
87.4
86.3
86.1
88.2

474.3
477.3
479.7
481.8
484.5
487.8
492.0
496.7
501.6
505.4

550.6
556.7
561.7
565.2
571.6
574.5
579.4
583. O
589.7
593.6

570.7
574.0
577.7
581.2
564.7
589.2
594.7
601.6
609.6
617.0

95.1
95.0
95.1
95.4

266.3
265.5
266.0
266.4

87.5
88.6
89.1
67.5

499.9
501.2
501.5
502.3

567.4
589.6
590.6
589.9

16 P
25 P

95.8
95.7
96.0
95.8

264.5
268.5
268.3
263.1

87.0
86.4
87.0
r 89.0

5O4.2
505.1
505.1
r 506.4

591.2
591.5
592.0
595.4

1P

96.5

264.5

507.2

599.0

MAY
JUNE
JULY
AUG.
SEPT.
OCT. P

WEEK ENDING:
1978-SEPT.

OCT.

6
13
20
27

4
11

NOV.

91.8

I/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR M O R E 8Y L A R G E W E E K L Y R E P O R T ING C O M M E R C I A L BANKS.
2X A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT M U T U A L S A V I N G S BANKS, S A V I N G S AND L O A N SHARES, AND C R E D I T UNION S H A R E S .

p - PRELIMINARY; R - REVISED




FEDERAL RESERVE Statistical Release H.6

Table 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS
NOT SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS
Demand Deposits
Date

Currency

Total17

Member

Time and Savings Deposit

Domestic
Nonmember2l

CD's^/

Other

Total

Nonbank
Thrift
Institutions4/

U.S. G o v ' t .
Demand^/

1977 —OCT.
NOV.
DEC.

86.9
88.4
90.1

248.2
250.0
258.1

171.2
171.5
177.5

72.8
74.1
76.2

68.3
71.6
75.9

463.5
464.4
466.7

531.9
536.0
542.6

554.2
557.3
562.5

3.7
3.5
5,1

1978 — JAN.
FEB.
MAR.
APR.

88.7
89.0
69.9
91.0
91.9
92.9
94.1
94.3
95.0
95.7

258.8
247.0
248.2
259.9
253.3
258.8
262.0
259.9
263. b
265.5

177.3
169.0
170.0
177.3
172.6
175.7
177.7
176.1
178.2
179.2

77.0
73.8
74.3
78.5
76.9
79.1
80.3
79.9
81. 8
82.6

76.4
76.9
80.2
81.4
84.6
66.3
87.3
88.0
90.3
90.8

473.1
478.0
483.0
485.7
488.3
490.3
492.6
496.6
499.6
503.2

549.5
554.9
563.2
567.1
572.9
576.6
579.9
584.6
569.9
594.1

566.4
572.1
579.1
584.6
566.7
593.2
599.2
602 .1
608.0
614.5

4.3
4.3
4.6
3.0
4.0
6.2
4.b
3.6
t>.2
4.b

95.9
95.2
94.8
94.1

264.4
267.1
265.5
258.9

179.0
179.7
179.3
175.0

81.4
83.5
82.3
80.1

89.3
90.1
90.7
90.8

499.1
499.6
498.5
499.6

588.4
589.7
589.3
590.3

3.2
3.5
9.1
7.6

18 P
25 P

95.2
96.6
96.0
95.3

265.3
268.3
268.8
260.7

81.6
83.4
84.1
81.4

90«6
89.6
89.7
r 91.1

502.0
503.7
r 503.3
r 503.7

592.6
593.5
592.9
r 594.8

8.1
4.2
3.6
3.7

1P

95.3

264.0

503.2

596.5

3.3

MAY

JUNE
JULY
AUG.

SEPT.
OCT.

P

MEEK ENDING:
1978-SEPT.

6
13
20
27

OCT.

4
11

NOV.

179.9
181.1
180.8
r 175.6
178.6

81.5

93.3

I/ TOTAL DEPOSITS INCLUDE, IN ADDITION TO THE M E M B E R AND DOMESTIC NONMEMBER DEPOSITS SHOWN, DEPOSITS DUE TO FOREIGN AND
INTERNATIONAL INSTITUTIONS AT F.R.BANKS AND Ml TYPE BALANCES AT AGENCIES AND BRANCHES OF FOREIGN BANKS.
2/ BASED ON MOST RECENT C A L L REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE W E E K L Y
REPORTING COMMERCIAL BANKS.
4/ AVERAGE OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS, SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.
5/ U.S.GOVERNMENT DEMAND DEPOSITS AT ALL COMMERCIAL BANKS.
P - PRELIMINARY; R - REVISED