Full text of H.6 Money Stock Measures : October 8, 1970

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FEDERAL

RESERVE

statistica I

H.6

release

For immediate release
October 8, 1970

The s e a s o n a l l y a d j u s t e d money supply declined $100 m i l l i o n m September,
following a l a r g e i n c r e a s e i n August
Over the t h i r d q u a r t e r , money supply increased
a t a 4 - 1 / 2 per c e n t annual r a t e * T o t a l txme and savings d e p o s i t s increased $5 1 b i l l i o n
on average i n September.

:MMEY SUPPLY AND TIME DEPOSITS
(Averages of daily figures, in billions of dollars)
Seasonally adjusted

Money Supply
Period

Total

Currency
component

Demand d e p o s i t
component

Time d e p o s i t s
adjusted
( A l l 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

194
193
193
194

1
5
4
1

197 0—January
February
March
Aprxl
May
June
July
August
September p

201 1
199 3
201 5
203 3
203 9
203.6
204 3
206 0
205 9

46
46
46
47
47
47
48
48
48

1
4
7
0
6
8
1
2
3

155
153
154
156
156
155
156
157
157

0
0
8
2
2
9
2
8
6

192
192
194
197
199
201
206
211
216

1
0
3
9
6
0
9
8
9

206 2
205 8
207 1
r 204.3
205.4

48
48
48
48
48

1
4
3
2
1

158
157
158
r 156
157

1
4
8
0
3

213
215
216
217
218

8
4
6
7
9

Week e n d i n g 1970—Sept
2
9
16
23 p
30 p

Average of l a s t 4 week^ i
p - Preliminary
r - Revised




205 7

48 3

157 4

217 2

DEMAND DEPOSITS, CURRENCY, AND RELATED ITEMS
(Averages of daily figures, m

billions of dollars

Not seasonally adjusted )

Related d e p o s i t s
1 ( A l l commercial banks)
USGov't
Currency 1 ^Demand d e p o s i t
Time
adjusted
demand
component- [
component
Money Supply

Period
Total
1969--September
October
November
December

197
199
201
206

1970--January
February
March
April
May
June
July
August
September p

207 1
197 8
199 7
204 2
199 9
201.7
202 7
202 8
204 5

Week ending
1970—Sept

2
9
16
23 p
30 p

p - Preliminary
NOTE

203
204
207
r 202
202

6
3
0
0

5
6
5 1
5 !
9

45
45
46
46

2
6
4
9

46 1
45 9
46 3
46 6
47 3
47.7
48 2
48 3
48 3

47
48
r 48
48
47

9
9
3
0
8

152
153
154
159

4
7
7
1

194 3
193.7
192 6
192 4

161 1
151 9
153 4
157 6
152 6
154.0
154 5
154 5
156 2

191 7
192 0
194 9
198.3
200.0
201.2
206 9
212 8
217 2

155
155
159
r 154
155

6
.6
1
5
1

;

j
!

214
216
216
217
218

9
0
6
7
9

5.3
4 2
5 1
5*5
!

i

!

4 7
7 1
6 9
5.3
6 4
6 5
6 8
7 1
6.9

7 3
6 0
r 4 7
8.3
8 5

r - Revised

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 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