Full text of H.6 Money Stock Measures : October 22, 1970

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FEDERAL

RESERVE

statistical
H.6

release
For immediate release
October 22, 1970

Seasonally adjusted money supply declined sharply in the latest week
following a l«rge increase la the first week of October* The average level thus
far in October is estimated at $206.1 billion about the same as the AugustSeptember average
Total time and savings deposits continued to expand rapidly
In the first two weeks of October*
MQISEY SUPPLY Am Tim DEPOSITS
(Averages of daxly figures, in billions of dollars)
Seasonally adjusted

Money Supply
Period

Total

Currency
component

Demand deposit
component

Time deposits
adjusted
j(All commercial
banks)

1969—September
October
November
December

199.0
199.1
199.3
199 6

45.2
45.6
45.9
45 9

153
153
153
153

7
6
4
7

i

194 1
193 5
193 4
194 1

1970—January
FebruaryMarch
April

46.1
46 4
46 7
47.0
47 6
47 8
48 1
48.2
48 2

155
153
154
156
156
155
156
157
158

0
0
8
2
2
9
2
8
0

i
i
j

r

201 1
199 3
201 5
203 3
203 9
203.6
204.3
206 0
206 2

192 1
192 0
194 3
197 9
199 6
201 0
206 9
211 8
217 0

r

206.2
205 8
207 1
205 0
206 1

48
48
48
48
48

158
157
158
156
r 158

1
4
8
7
0

207 0
205 1

48 2
48 6

158 8
156 5

205 8

48 3

157 5

May
June
July
August
September

Week ending1970—Sept. 2

9
16
23
30
O'-t

7 p
14 p

Average of last 4 week<
p - Preliminary
r - Revised*




r

1
4
3
3
1

r

213 8
215 4
216 6
217 7
r 218 9
r

219 8
220 7
219 3

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

[ R e l a t e d deposits
Money Supply
( A l l commercial banks)
Time
Demand d e p o s i t [
USGov't
Currency
component
component
adjusted
demand

Period
Total

3
7
6
4

5.3
4 2
5 1
5 5

161.1
151.9
153 4
157 6
152 6
154 0
154 5
154 5
r 156.5

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

155 6
155 6
159 1
155.1
155.8

214.9
216 0
216.6
217.7
r 218 9

7 3
6 0
4 7
8.4
8 5

158 3
157 4

r 220 0
'221 0

7 6
5.1

1969--September
October
November
December

197
199
201
206

6
3
0
0

45
45
46
46

2
6
4
9

152 4
153-7
154 7
159 1

1970—January
February
March
April
May
June
July
August
September

207
197
199
204
199
201
202
202
204

1
8
7
2
9
7
7
8
8

r

46
45
46
46
47
47
48
48
48

1
9
3
6
3
7
2
3
2

203
204
207
203
r 203

5
6
5
2
5

r

47
48
48
48
47

9
9
3
0
7

Week ending
1970—Sept

Oct

2
9
16
23
30

p - Preliminary
NOTE

206 9
206 1

7 p
14 p

r

Not seasonally adjusted )

48 6
48 7

r

194
193
192
192

- Revised

Money supply consists of (1) demand deposits at all commercial banks, otheT than
those due to domestic commercial banks and the U S Government, less cash items
m process of collection and Federal Reserve float, (2) foreign demand balances a
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