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FEDERAL

RESERVE

FEDERAL RESERVE Statistical Release H.6

statistical

release

Table 1

For Immediate Release

MONEY STOCK MEASURES

OCT. 27, 1977

IN BILLIONS OF DOLLARS

MI

M2

M4

M3

MI Plus Time
M2Plus
M2Ptus
Currency
D e p o s i t s at
Deposits at
Large
Plus
Commercial Nonbank
Demand
Banks
Negotiable
Thrift
CD's*/
Deposits^ Other Than Institutions^/
Large CD's 2/

Date

M5

Ml

M 3 Plus
Large
Negotiable
CD's5/

Currency
Plus
Demand
Deposits^

OCT.
NOV.

D'EC.
1977 — JAN.
FEB.
MAR.
APR.
MAY

JUNE
JULY
AUG.

SEPT.

M5

M4

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

M 3 Plus
Large
Negotiable
CD's^

Not Seasonally Adjusted

Seasonally Adjusted
1976— SEPT.

M3

M2

306.9
310.4
310.4
312.4

716.3
725.9
732.3
740.3

1193.9
1210.7
1223.4
1237.1

779.4
788.2
794.6
803.5

1257.0
1273.0
12B5.6
1300.3

304.9
309.3
312.3
321.3

712.6
722.9
730.0
745.3

1188.6
1205.0
1216.3
1237.9

777.9
7fl7.i
792.6
609.5

1253.9
1269.2
1279.2
1302.1

313.8
314.0
315.4
320.5
320.7
321.9
326.8
328.3
330.4

746.3
750.7
756. 1
764.6
767.6
772.8
783.5
767.7
793.0

1248.9
1258.2
1268.1
1281.2
1289.0
1299.5
r 1316.9
r 1329.4
r 1342.7

609.3
814.0
818.2
826.2
829.9
836.8
846.3
b50.9
656.2

1312.0
1321.5
1330.3
1342.8
1351.3
1363.5
1379.8
1392.6
1405.9

319.7
309.9
312.4
322.3
315.5
321.4
327.2
325.1
328.2

751.2
747.2
756.2
770.0
766.2
774.5
784.0
784.3
788.9

1251.4
1253.1
1269.8
1290.2
1290.3
1305.7
1322.1
1326.6
1336.8

814.3
606.5
817.0
630.1
827.4
837.5
646.8
648.8
654.3

r
r
r

1314.5
1314.4
1330.7
1350.3
1351.4
1368.7
1364.9
1391.0

r

1402.2

327.4
330.5

787.2
791.2

850.4
854.3

321.7
324.3

781.1
784.3

845.8
849.3

329.7
331.7
330.6
329.6

791.5
794. 1
793.2
792.8

854.3
856.8
856.1
856.6

328.9
332.6
328.9
322.5

789.7
793.4
7BR.9
783.4

854.5
858.2
853.9
849.6

* 334.2
r 334.4
333.3

r 799.0
r 799.9
798.9

r
r
r
r

r

*

r
r
r
r

r

WEEK ENDING:
1977-AUG.

24
31

SEPT.

7
14
21
26

OCT.

5
12 P
19 P

r
r

864.0
865.3
865.0

r
r

332.9
334.3
333.5

r
r

795.6
798.4
797.3

r
r

663.2
866.1
665.4

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; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TREASURY, F.R.BANKS 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 C E R T I F I C A T E S OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE BY LARGE WEEKLY REPORTING COMMERCIAL BANKS.
3/ INCLUDES M2, PLUS THE A V E R A G E OF THE BEGINNING AMD END OF MONTH DEPOSITS OF MUTUAL SAVINGS BANK, SAVINGS AND LOAN SHARES, AND
CHF-01T UNION SHARES.
4/ INCLUDES M2, PLUS N E G O T I A B L E TIME CERTIFICATES OF DEPOSIT ISSUED IN DENOMINATIONS OF $100,000 OR MORE.
?>/ INCLUDES M3, PLUS NEGOTIABLE T I M E C E R T I F I C A T E S OF DEPOSIT ISSUED IN OCNOMINAT10NS OF $100,000 OR MORE.
P - PRELIMINARY; R - REVISED

FEDERAL RESERVE Statistical Release H.6
Table 2

MONEY STOCK MEASURES
PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

M

DATE

i

Currency Plus
Demand Deposits- 5 /

Mn

M3

Mi Plus Time
Deposits at
Commercial
Banks Other Than
Large CD's- 2 /

M2 Plus Deposits
at Nonbank Thrift
Institutions^/

M 2 Plus Large
Negotiable CD's 57

Ma Plus Large ^
Negotiable CD's

10.5

13.3

9.3

12. A

M4

M

5

SEPT* FROM:
JUNE

1977

(3 MONTHS PREVIOUS)

10.6

MAR.

1977

( 6 MONTHS PREVIOUS)

9.5

9.8

11.8

9.3

11.4

7.7

10.7

12.5

9.9

11.8

SEPT. 1976

(12 MONTHS PREVIOUS)

FOUR WEEKS ENDING: OCT.
19, 1977
FROM FOUR WE6KS ENDING:
JULY

20, 1977(13 WEEKS PREVIOUS)

9.2

6.9

8.9

APR.

20, 1977(26 WEEKS PREVIOUS)

8.9

9.3

9.4

OCT.

20,

7.7

10.4

9.8

1976(52 WEEKS PREVIOUS)

I/ INCLUDES (1) DEMAND DEPOSITS AT A L L C O M M E R C I A L BANKS OTHfcR THAN THOSE DUE TO DOMESTIC COMMERCIAL BANKS AND THE U.S.GOVERNMENT,
LESS CASH ITEMS IN THE PROCESS OF COLLECTION AND F.R.FLOAT; (2) FOREIGN DEMAND BALANCES AT F.R.BANKS; AND (3) CURRENCY OUTSIDE
THE TSASURY, F.R.BANKS 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 C O M M E R C I A L 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.
A/ 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.
NOTE: ALL RATES OF CHANGE A R t BASED ON DAILY A V E R A G E DATA? RATES OF CHANGE ARE NOT COMPOUNDED.




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

1976 — SEPT.

Demand Deposits

227.7
230.6
230.2
231.9

79.2

OCT.

79.8

NOV .

80.2

DEC.

60.5

1977 — JAN.
FE&.
MAR.

81.1
81.8
82.2

APR .

83.1

MAY

83.6

JUNE
JULY
AUC .
SEPT.

84.0
85.1

85 .5
86.4

r

232.7
232.1
233.2
237.4
237.1
238.0
241.6
242.8
244.0

1

N on bank
Thrift Institutions-2'

CD's '

Other

Total

63.1

409.4
415.5
422.0
427.9

472.5
477.8
484.2
491.1

477.6
484.8
491.0
496.8

432.5
436.7
440.6
444.1
446.9
450.9
456.7
459.4
462.6

495.6
500.0
502.8
505.7
509.2
514.8
519.5
522.5
525.8

502.6
507.5
512.1
516.6
521.4
526.7
533.5
541.7
549.8

459.9
460.7

523.0
523.8

461.8
462.4
462.6
463.2

524,7
525*1
525.5
527.0

62.3
62.2
63.3
63.1
63.3
62.2
61.6
62.3
63.9
62.8
63.2
63.2

*
r
r
r

WEEK ENDING:
1977-AUG.
SEPT.

OCT.

24

85.6

31

85.8

7

86.2

14
21
26

86.1

5
12 P
19 P

86.4
86.7

r

86.7
86.9
87.1

r
r

241.7
244.7

63.1

243.4
245.6
244.2
242.9

62.9

247.5
247.5
246.2

63.1

62.7
62.9
63.9
65.0
65.4
66.1

*

464.8
465.6
465.7

r

529.8
531.0
531.6

I/ INCLUDES NEGOTIA&Lfc TIME CERTIFICATES Of- DEPOSIT ISSUED IN DtNUMINA TlONS uF $100,000 OR MOKE BY LARGt WEEKLY 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
Demand Deposits
Date

1976 — SEPT.

Currency

Member

Total^

Time and Savings Deposit

Domestic
Nonmember^l

CD's^

Other

Total

Nonbank
Thrift
Institutions4/

U.S. Gov't.
Demand^/

79.0
79.6
80.7
82. 0

225.9
229.7
231.6
239.3

158.9
161.7
162.5
168.5

63.8
64.8
65.8
67.3

65.3
64.2
62.9
64.3

407.8
413.6
417.7
423.9

473.0
477.8
480.5
488.2

476.0
482.1
486.3
492.6

5.0
4.0
4.2
4.7

60.5
80.8
81.6
82.8
83.4
84.2
85.7
85.8
86. 1

239.2
229.1
230.9
239.6
232.1
237.1
241.4
239.3
242.1

168.1
161.0
162.1
167.6
161.8
165.1
167.7
166.2
167.5

67.5
64.6
65.2
68.3
66.6
68.3
69.5
69.1
70.4

63.1
61.3
60.8
60.1
61.2
63.0
62.8
64.4
65.4

431.5
437.3
443.8
447.7
450.7
453.2
456.9
459.2
460.7

494.6
498.6
504.6
507.7
511.8
516.1
519.6
523.7
r 526.1

500.2
505.9
513.6
520.2
524.1
531.1
r 538.1
r 542.3
r 547.9

4.2
4.4
4.5
5.6
3.8
5.2
3.9
3.7
r 5.4

24
31

85.6
84.9

236.1
239.4

163.7
166.9

66.4
68.4

64.7
65.0

459.4
460.0

524.1
525.0

4.6
3.2

SEPT.

7
14
21
26

87.1
86.4
86.0
85.3

241.8
246.3
243.0
237.2

167.0
169.9
166.1
164.4

70.4
72.0
70.8
66.7

64.9
64.8
65.1
66.3

460.8
460. tt
459.9
461.0

525.6
525.6
525.0
527.3

3.4
3.1
6.8
5.9

OCT.

5
12 P
19 P

86.5
87.7
87.0

530.3
531.8
532.0

5.7
3.6
4.0

OCT.

fcov.

DEC.
1977 — JAN.
FEB.
PAR.
APR.

HAY
JUNE
JULY
AUG.

SEPT.

WEEK ENDINGI

1977-AUG.

r

246.4
246.6
246.4

r
r

171.6
170.1
169.9

r
r

70.5
72.2
72.1

r

67.6
67.7
68.1

r

462.7
464.1
463.9

r

I/ TOTAL DEPOSITS INCLUDE, IN ADDITION TO THE MEMBER AND DOMESTIC NONMEMBER DEPOSITS SHOWNt 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.
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