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FEDERAL

RESERVE

RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES
Ml

M2

M

M4

3

M5

MI Plus Time
M2Plus
M 2 Plus
Deposits at
Currency
M 3 Plus
Deposits at
Plus
Commercial Nonbank
Large
Large
Demand
Banks
Negotiable Negotiable
Thrift
Deposits^/ Other Than Institutions^/
CD'sS/
CD's*/
Large CD's 2/

Date

OCT. 21t 1976

IN BILLIONS OF DOLLARS

REVISED SERIES

Ml

M3

M4

MS
M 3 Plus
Large
Negotiable
CD's^

Not Seasonally Adjusted

Seasonally Adjusted
1975 —SEPT.

M2

MI Plus Time
M 2 Plus
M 2 Plus
Currency Deposits at Deposits at
Commercial
Plus
Large
Nonbank
Banks
Demand
Negotiable
Thrift
CD's4/
Deposits^ Other Than Institutions*
Large CD's^

293.6
293.4
295.6
294.8

652.9
655.8
662.1
664.3

1068.1
1075.8
1086.5
1092.9

731.9
736.7
743.9
747.2

1147.1
1156.6
1168.3
1175.8

291.7
292.3
297.4
303.2

649.5
653.2
660.2
669.3

1062.8
1080.6
1094.6

732.2
736.9
743.0
752.8

1145.5
1154.1
1163.5
1178.1

295.1
296.6
298.1
301.8
303.5
303.2
304.9
306.4
306.3

670.0
677.9
682.6
690.8
695.7
698.5
705.4
710.8
716.4

1103.5
1116.7
1126.5
1140.0
1150.0
1157.3
1169.8
1182.2
1195*1

749.2
753.3
755.7
762.2
763.9
769.1
774.9
775.1
778.8

1182.7
1192.1
1199.7
1211.5
1218.2
1228.0
1239.3
1246.6
1257.5

301.0
292.9
295.3
303.5
298.5
302.5
305.2
303.1
304.4

675.0
674.3
682.5
695.5
694.1
699.8
705.8
707.4
712.8

1106.9
1112.8
1128.2
1148.2
1150.8
1162.2
1173.7
1178.6
1188.9

753.5
747.8
754.2
764.9
761.5
768.9
774.6
773.6
778.1

1185.4
1185.8
1199.9
1217.6
1218.2
1231.4
1242.5
1244.9
1254.2

307.4
306.5

711.5
712.0

775.9
775.5

305.1
300.4

709.0
705.4

775.3
771.4

8
15
22
29

306.1
304.4
309.1
305.9
304.8

712.8
712.7
718.7
716.8
716.6

775.7
775.1
780.7
779.1
779.4

301.5
303.3
309.4
304.0
299.9

707.6
710.7
717*5
712.5
709.7

773.3
775.9
782.3
777.6
775.4

6 P
13 P

309.9
310.6

723.7
725.5

786.5
787.9

309.0
310*0

720.9
723.6

786.5
786.4

OCT.
NOV.
DEC.
1976—J AN .
FEB.

MAR.
APR.

MAY

JUNE
JULY
AUG.

SEPT. P

1070.4

WEEK ENDING:
I976-AUG.

18
25

SEPT.

OCT.

1

I/ INLluDtS (1) D t M A N O DEPOSITS AT ALL C O M M E R C I A L B A N K S OTHER THAN THOSE DUE TO DOMESTIC C O M M E R C I A L B A N K S AND THE U.S.GOVERNM£NT f
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND B A L A N C E S AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS AND V A U L T S OF ALL COMMERCIAL BANKS.
2/ INCLUDES* IN ADDITION TO CURRENCY AND D E M A N D 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 REPORT*
ING C O M M E R C I A L BANKS.
3/ INCLUDES M2t PLUS THE A V E R A G E 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 T I M E 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 - REVISED

NOTE: MONEY STOCK MEASURES AND RELATED DATA HAVE BEEN REVISED TO INCORPORATE BENCHMARK DATA PROM THE MARCH 31, 1976 CALL REPORT.
THESE REVISIONS AFFECT WEEKLY AND MONTHLY DATA BACK THROUGH JANUARY 1976. REVISED SEASONALLY ADJUSTED AND NOT SEASONALLY

ADJUSTED WEEKLY DATA FOR MI, M.^, AND M4 AND THEIR COMPONENTS ARE SHOWN ON TABLES 5 AND 6, ATTACHED TO THIS RELEASE.



FEDERAL RESERVE Statistical Release H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

M

i

M2

Mi Plus Time
Deposits at
Currency Plus
Commercial
3
Demand Deposits- / Banks Other Than
Large CD's^

DATE

M3

M2 Plus Deposits
at Nonbank Thrift
institutions^/

M4

M5

M 2 Plus Large
Negotiable CD's5'

Ma Plus Large
Negotiable CD'sy

13.1

5.0

9.6

>EPT. FROMZ
UNE

1976

(3 MONTHS PREVIOUS)

4.1

AR.

1976

(6 MONTHS PREVIOUS)

5.5

9.9

12.2

6.1

9.6'

(12 MONTHS PREVIOUS)

4.3

9.7

11.9

6.4

9.6

>EPT. 1975

OUR WEEKS ENDING: OCT. 13,
FROM FOUR WEEKS ENDING:

10.3

1976

ULY

14,

1976(13 WEEKS PREVIOUS)

5.B

11.1

5.5

PR.

14,

1976(26 WEEKS PREVIOUS)

5.5

10.0

6.3

CT.

15,

1975(52 WEEKS PREVIOUS)

5.0

10.2

6.7

\/

INCLUDES C l ) DtMAND DtPOSlTS 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 . F L O A T ? (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TEASURY, F . R . B A N K S 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 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 BANKS, 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.
NOTES ALL RATES OF CHANGE ARE BASED ON DAILY AVERAGE DATA; RATES OF CHANGE ARE NOT COMPOUNDED.




FEDERAL RESERVE Statistical Release M.6

Table 3

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

REVISED SERIES

Time and Savings Deposits
Date

Currency

Demand Deposits

CD's^

Other

Total

79.1.

Nonbank
Thrift institutions'*'

1975— SEPT.
OCT.
NOV.
DEC.

72.0
72.6
73.4
73.7

221.6
220.8
222.1
221.0

80.9
81.8
82.9

359.2
362.4
366.5
369.6

438.3
443.3
448.3
452.4

415.2
420.0
424.4
428.6

1976 —JAN.
FEB.
MAR.
APR.

74.2
75.0
75.7
76.7
77.3
77.6
78.1
78.6
79.1

220.9
221.6
222.4
225.2
226.2
225.6
226.8
227.8
227*2

79.2
75.4
73.2
71.5
68.2
70.6
69.6
64.4
62.4

374.9
381.3
384.4
388.9
392.2
395.3
400.4
404.4
410.1

454.1
456.7
457.6
460.4
460.4
465.9
470.0
468.7
472.5

433.5
438.8
444.0
449.3
454.3
458.9
464.4
471.5
478,7

18
25

78.6
78.7

228.8
227.8

64*4
63.5

404.1
405.5

46$. 5
469.0

SEPT.

1
8
15
22
29

78.5
79.0
79.0
79.2
79.3

227.6
225.4
230.0
226.7
225.6

62.8
62.4
62.0
62.2
62.9

406.8
408.3
409.7
410.9
411.7

469.6
470.7
471.7
473.1
474.6

OCT.

6 P
13 P

79.9
79.7

230.0
231.0

62.7
62.4

413.8
414.9

476.6
477.3

MAY
JUNg
JULY
AUG.
SEPT. P

WEEK ENDING;

197 6" AUG.

I/' INCLUDES N E G O T I A B L E T I M E CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE W E E K L Y REPORTING C O M M E R C I A L BANKS.
2/ A V E R A G E OF BEGINNING AND END OF MONTH DEPOSITS AT MUTUAL SAVINGS BANKS* SAVINGS AND LOAN SHARES, AND CREDIT UNION SHARES.

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
REVISED §ERIE$

Demand Deposits
Date

Currency
Total^

Member

Time and Savings Deposit

Domestic
Nonmember2

CD's*

Other

• Total

Nonbank
Thrift
restitutions47

U.S. Gov't.
Demand-^

3.4
3.4
3.5
4.1

1975—SEPT.
OCT.
NOV.
DEC.

72.5
72.5
73.9
75.1

219.9
219.9
223.5
228.1

156.6
156.6
159.0
162.1

60.3
60.3
61.4
62.6

83.7
83.7
82.9
83.5

360.8
360.8
362.8
366.2

444.5
444.5
445.6
449.6

417.2
417.2
420.4
425.3

1976 —JAN.
FEB.
MAR.
APR.

73.7
74.1
75.1
76.2
77.1
77.8
78.7
78.9
79.0

227.3
218.9
220.2
227.2
221.4
224.7
226.5
224.3
225.4

162.0
155.8
156.9
161.9
157.2
159.3
160.2
158.5
159.1

62.1
59.9
60.3
62.3
61.0
62.3
62.8
62.4
63.2

78.5
73.0
71.8
69.4
67.4
69.1
68.9
66.3
65.3

374.0
381.9
387.2
392.1
395.6
397.3
400.6
404.2
408.4

452.5
454.9
458.9
461.5
462.9
466.4
469.4
470.5
473.7

431.9
438.0
445.7
452.6
456.7
462.4
467.9
471.2
476.1

79.2
78.5

225.8
221.9

159.5
157.0

62.9
61.6

66.2
66.0

404.0
405.0

470.2
471.0

3.7
4.1

8
15
22
29

78.0
80.0
79.2
78.9
78.2

223.5
223.4
230.2
225.2
221.7

158.2
157.1
162.4
158.9
157.0

61.9
63.1
64.6
63.2
61.8

65.7
65.3
64.9
65.1
65.8

406.1
407.3
408.0
408.5
409.8

471.8
472.6
472.9
473.6
475.5

2.8
4.3
4.0
6.0
5.4

6 P
13 P

79.9
80.2

229.1
229.8

161.9
161.8

63.8
64.8

65.5
64.8

411.9
413.6

477.5
478.5

4.5
3.4

MAY

JUNE
JULY
AUG.
SEPT. P

'

3.8
4.6
3.9
3.9
3.8
4.8
3.4
3.6
4.9

WEEK ENDINGS
1976-AUG.

Id
25

SEPT.

OCT.

1

I/ TOTAL 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 BRANCHES OF FOREIGN BANKS.
2/ BASED ON MOST RECENT CALL REPORT SINGLE-DAY OBSERVATIONS.
3/ INCLUDES NEGOTIABLE TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY
.
REPORTING COMMERCIAL BANKS.
4X 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; ft - REVISED




DATE

1976 JAN... 7
..14
..21
..28
FEB... 4
..11
..18
..25
MAR... 3
..10
..17
..24
..31
APR... 7
..14
..21
• •28
MAY .. 5
..12
..19
..26
JUNE.. 2
.. 9
..16
..23
..30
JULY.. 7
..14
..21
..2fe
AUG... 4
..U.
..18
..25




TABLE 5
MONEY STOCK MEASURES, COMPONENTSt AND RELATED ITEMS
SEASONALLY ADJUSTED* BILLIONS OF DOLLARS
MA
Ml
1
M2
DEMAND
Ml PLUS
M2 PLUS
DEMAND
DEPOSITS | TIME OTHER
DEPOSITS
CURRENCY
LARGE
PLUS
1 THAN LARGE NEGOTIABLE
CDS
CDS
CUR^NCY,
667.2
295.8
749.1
73.8
221.9
748.8
294. 8
669.0
220.6
74.1
670.3
748.9
220.8
295.0
74.3
671.7
749.1
74.6
219.8
294.3
752.0
74.6
221.5
675.3
296.2
677.7
74.9
297.0
753.5
222-1
222.5
679.3
754.7
297.6
75.1
220.4
677.6
' 752.4
295.5
75.1
221.3
75.2
296.5
753.2
679.4
75.8
223.2
682.9
755.9
299.0
75.7
222.7
755.7
682.7
298.4
75.8
681.7
221.2
754.7
297.0
222.5
75.8
684.1
757.5
298.4
223.5
760.8
76.2
687.4
299.7
226.3
764.0
76.6
691.8
302.9
226.2
762.7
691.8
77.2
303.4
76.9
225.2
761.9
692.2
302.1
225.6
77.0
302.7
693.1
762.2
227.4
764.9
77.3
696.7
304.7
225.9
695.8
77.3
763.3
303.3
225.8
696.0
77.2
764.0
303.0
226.7
77.6
698.0
766.7
304.3
226.4
77.7
698.8
768.5
304.2
226.1
77.7
699.5
769.9
303.8
224.4
697.6
768.7
77.6
302.0
771.7
699.7
77.5
224.7
302.3
226.8
702.8
77.7
774.3
304.5
226.5
304.7
704.7
78.2
775.2
228.0
78.1
776.4
306.1
706.7
226.6
706.7
78.2
304.8
774.9
227.3
78.4
774.4
707.9
305.7
78.7
227.8
774.9
709.5
306.5
78.6
228.8
775.9
307.4
711.5
227.8
78.7
712.0
775.5
306.5

TIME AND SAVINGS DEPOSITS
CDS

OTHER

TOTAL

81.9
79.9
78.6
77.4
76.7
75.8
75.4
74.8
73.8
73.0
73.0
73.0
73.4
73.5
72.2
70.9
69.7
69.1
68.2
67.6
68.0
68.7
69.7
70.4
71.0
72.0
71.5
70.4
69.7
68.2
66.5
65.4
64.4
63.5

371.5
374.2
375.3
377.4
379.1
380.6
3bl.7
382.1
382.9
384.0
384.3
384.3
385.7
3b7.7
388.9
368.4
390.2
390.5
392.0
3S2.5
393.0
393.7
394.7
395.7
395. 6
397.4
398.3
400.0
400.6
401.8
402.2
403.1
404.1
405.5

453.4
454.1
453.9
454.8
455.8
456.5
457.1
456.9
456.7
457.0
457.3
457.7
459.1
461.2
461.1
459.3
459.9
459.6
460.3
460.1
461.0
462.4
464.4
466.1
466.7
469.4
469.8
470.5
470.3
470.1
468.7
468.4
468.5
469.0

•

TABLE 6
MONEY STOCK MEASURESf COMPONENTS, AND RELATED ITEMS
Ml
J
M2
1
M4
_ 1L
J
DEMAND I Ml PLUS M2 PLUSI
LARGE | CURRENCY
1 DEPOSITS [TIME DEP
NEGOT.
I
PLUS
EXCL.
CD
!Cl/^RF!iC¥U1 LARGE CDJ
760.8
74.5
309.5
679.2
74.1
677.8
757.2
304.7
73.6
752.6
300.3
674.8
73.0
745.8
669.2
292.3
73.5
748.7
295.0
673.5
749.7
675.7
74.5
294.9
74.3
294.4
676.4
749.2
73.5
671.5
743.5
288.2
74.1
749.3
678.0
293.7
75.6
753.4
682.3
296.2
683.7
75.3
296.7
755.3
75.1
292.8
680.4
752.4
74.7
684.6
757.1
295.3
693.4
76.3
765.1
302.2
768.9
76.6
698.8
306.6
76.6
307.1
767.2
698.5
75.6
760.0
692.5
299.4
760.8
76.6
693.6
300.0
762.4
77.4
695.4
300.3
760.9
77.1
298.1
694.0
76.6
759.2
691.5
295.2
77.4
765.4
697.1
300.5
78.4
768.6
699.8
302.6
78.0
702.6
771.5
305.3
77.6
697.7
766.8
300.8
698.9
77.2
768.9
300.8
79.3
706.5
307.5
776.2
776.9
79.1
307.6
707.7
706.3
78.6
305.7
775.2
77.9
702.7
770.9
300.9
773.7
78.6
706.4
304.2
774.9
79.7
305.0
708.3
709.0
775.3
79.2
305.1
705.4
771.4
78.5
300.4

1

1976 JAN.*. 7
..14
..21
..28
FEB... 4
..11
..18
..25
MAR... 3
..10
..17
..24
..31
APR... 7
..14
..21
..28
MAY .. 5
..12
..19
..26
JUNE.. 2
.. 9
..1'6
..23
..30
JULY.. 7

..14
..21
..28
AUG... 4
..11
..18
..25




DEMAND
TOTAL

235.0
230.6

226.7
219.3
221.5
220.3
220.1
214.8
219.6
220.5
221.4
217.7
220.6
225.9
229.9
230.5
223.8
223.4
222.9
221.0
218.6
223.1
224.1
227.3
223.2
223.6
228.1
228.5
227.1
223.0
225.6
225.3
225.8
221.9

DEPSOTTS

1 TIME AND SAVINGS DEPOSITS 1

1 DOMESTIC 1
MEMBER
NONMEMBER
167.6
163.9
161.4
156.4
158.6
156.8
156.4
152.6
156.5
156.6
157.5
155.0
158.0
160.9
163.5
164.3
159.6
158.9
157.9
156.6
155.4
158.8
158.5
161.1
158.1
158.8
161.6
160.9
160.8
158.0
159.9
158.8
159.5
157.0

64.2
63.5
62.0
59.9
59.9
60.5
60.4
59.0
59.7
60.7
60.9
59.7
59.7
61.9
63.4
. 63.3
61.3
61.1
61.7
61.2
60.2
61.0
62.6
63.0
62.1
61.5
63.1
64.0
62.9
61.5
62.2
63.1
62.9
61.6

'

CD

OTHER

TOTAL
1

81. 6
79.4
77.8
76.6
75.2
73.9
72.9
72.0
71.3
71.1
71.6
72.0
72.5
71.7
70.2
6&.7
67.6
67.2
67.0
66.9
67.6
68.4
68.8
68.9
69.1
70.0
69.8
69.2
69.0
68.2
67.3
66.6
66.2
66.0

369.7
373.1
374.5
376.9
378.5
380.9
382.0
3b3.3
334.3
386.1
387.0
387.6
339.3
391.2
392.2
391.4
393.1
393.6
395.1
396.0
396.3
396.6
397.3
397*3
396.9
39 8.1
399.0
400.1
400.6
401.7
402.2
403.3
404.0
405.0

451.3
452.5
452.3
453.5
453.7
454.8
454.8
455.3
455.6
457.2
458.7
459.6
461.8
462.9
462.4
460.2
460.6
460.8
462.1
462.9
463.9
464.9
466.0
466.2
466.0
468.1
468.8
469.3
469.5
470.0
469.5
469.9
470*2
471.0

US GOVT
DEMAND
3.5
3.4
4.3
3.8
4.3
4.5
4.6
5.0
3.7
'3.2
4.4
4.8
3.3
3.3
2.8
5.6
3.6
4.3
3.6
3.9
3.3
3.0
3.5
5.3
6.4
4.4
3.6
3.0
3.3
3.3
3.8
3.5
3.7
4.1