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FEDERAL statistical H RESERVE release *6 For immediate r e l e a s e Ocotber 6 , 1966. The money s u p p l y r o s e $ 1 . 1 b i l l i o n i n September r e v e r s i n g most of the d e c l i i i e o$ t h e p r e c e d i n g two m o n t h s . The t h i r d quarter average l e v e l was $169.9 b i l l i o n , $ 0 * 8 b i l l i o n b e l o w t h e second q u a r t e r a v e r a g e . Time d e p o s i t s increased 9 © ^ 3 T > i l l i o n i n September, showing a s u b s t a n t i a l f u r t h e r r e d u c t i o n i n the r a t e of expansion. MOHEY SUPPLY AND TIME DEPOSITS A v e r a g e s o f d a i l y f i g u r e s , i n b i l l i o n s of d o l l a r s Seasonally adjusted (SERIES REVISED) 1 / Money Supply Period Currency component Total i 1965—September QcfcoJ>erNovember December j , ISO _ _ 165.2 165.6 167 .2 I 36.0 j 36.1 36.3 1966—January February March April Hay June July August p September p 168.0 168.2 169.3 170.9 170.2 171.1 169.7 169.5 170.6 [ 36.6 36.8 36.9 37.1 37.3 1 1 37.4 37.7 Week ending: 1966—Aug. 24 p 31 p 169.8 170.0 Sept. 7 p 14 p JZ1 p 28 p Average of l a s t 4 weeks | 170.3 169.9 171.7 170.2 170.5 Time deposits adjusted Demand deposit (All commercial component banks) 141.6 128.5 j 129.3 143.7 129.5 145.5 130.9 146.9 i | ; 37.8 37.9 131.4 131.4 132.3 133.7 132.9 133.7 132.0 131.7 132.7 147.8 148.5 149.5 151.4 153.0 153.7* 155.3 156.7 157.0 37.8 37.? 132.1 132.2 37.8 38.0 38.0 37.9 132.5 131.9 133.8 . 132.3 *156.9 157.0 157.0 157.0 156.9 157 .2 37.9 1 NOTE: Components may not add due to rounding. See reverse seasonal adjustments and f o r d e s c r i p t i o n of s e r i e s , * Break in s e r i e s , for d e s c r i p t i o n see footnote on reverse 1/ Revised monthly and weekly seasonally adjusted data, as of the r e v i s i o n appear in the September Federal Reserve 132.6 j 157.0 — s i d e for data without p - Preliminary side. w e l l as a description Bulletin- DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS (Averages of daily figures, in billions of dollars. Not seasonally adjusted*) Money Supply Period Demand deposit component Related deposits (All commercial banks) U*S. Gov't, Time demand adjusted Total Currency component 1965—September October November December 163.1 165.7 167.3 172.0 35.7 36.0 36.5 37.1 127.5 129.7 130.8 134.9 141.4 143.5 144.4 145.2 5.5 5.0 4.1 4.6 1966—January Tebruary March April May June July August p September p 173.0 167.8 167.8 36.5f 36 A 36.6 36.8 37.0 37.3 37.8 136.5 131.4 131.3 134.8 129.9 131.5 130 .1 128.9 13l.fr 147.4 148..7 150..2 152..2 153..9 154.1* 155.8 157.0 156.9 3.8 5.2 4. 3. 7. 6. 8. 5.2 4.5 127.7 129.1 130.1 131.6 134.2 130.3 157.2 157.3 4.4 5.3 157.0 157.1 156.5 4.7 3.2 3.3 6.2 Week e n d i n g : 1966—Aug-; | 4 p 31p Sept. 7p I4p 21P 2~8p 1 i 171.6 166.9 168.8 167.9 166.8 169.4 37.9 165. o 166. 6 37.8 37.5 2 7 1 9 38 ,1 38 ,1 37 .9 168. 169. 172. 167. 37.8 37.6 156.8 *Effective June 9, 1966, balances accumulated for payment of personal loans were reclassified for reserve purposes and are excluded from time deposits reported by member banks. The estimated amount of such deposxts at all commercial banks ($1,140 million) is excluded from time deposits adjusted thereafter, p - Preliminary. NOTE: Money supply consists of (1)-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.
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