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February 13, 1980 Redefined Money Stock Measures, Liquid Assets and Related Components The attached tables show historical data for redefined money stock measures and liquid assets. The new definitions of money are as follows: M-1A — Currency plus demand deposits at commercial banks. This is essentially the same as the old M-l with one exception—it excludes demand deposits held by foreign banks and official institutions. M-IB — This equals M-1A plus other checkable deposits at all depositary institutions including NOW accounts, ATS, credit union share drafts and demand deposits at mutual savings banks. Mr-2 — This equals M-IB plus savings and small-denomination time deposits at all depositary institutions, overnight RPs at commercial banks, overnight Eurodollars held by U.S. residents other than banks at Caribbean branches of member banks, and money market mutual fund shares. Mr-3 — This equals M-2 plus large-denomination time deposits at all depositary institutions and term RPs at commercial banks and savings and loan associations. L — This equals }tir& plus other liquid assets not included elsewhere such as term Eurodollars held by U.S. residents other than banks, bankers acceptances, commercial paper, Treasury bills and other liquid Treasury securities and U.S. savings bonds. For a detailed explanation of the new measures see the February 19B0 issue of the Federal Reserve Bulletin. TABLE 1 MCNEY STOCK MEASURES AND LIQUID ASSETS BILLIONS OF DOLLARS (SEASONALLY ADJUSTED) - 195^1 1960 1961 1962 r MI-A CURRENCY PLUS DEMAND DEPOSITS JAN... FEB... MAR... APR..* MAY... JUN... J UL . • . AUG... SEP... OCT... NOV... DEC... 139.5 139.9 140.3 140.2 141.3 141.6 142.2 142.4 141.6 141.1 141.0 140.7 JAN... FEB... MAR... APR... MAY.•. JUN... JUL... 1 AUG... SEP... OCT... NOV... DEC... 140.6 140.4 140.3 140.2 140.3 140.2 140.9 142.0 141.9 141.8 141.6 141.6 JAN... FEB... MAft... i APR... MAY... I JUN... JUL... AUG... SEP... OCT... NOV... DEC... JAN... FEB... MAR... APR..* MAY... JUN... JUL... AUG.•. SEP... OCT. . . NOV... DEC... i1 Ml-B 11 M2 1 M3 M-1A PLUS M-1B PLUS M-2 PLUS OTHER OVERNIGHT I LARGE CHECKABLE TIME RPMS AND MMMF AND I DEPOSITS DEPOSITS 1 AND SAVINGS TERM RP»S AND SMALL" TIME 1 DEPOSITS 1 287.1 139.5 1 28T75 I 139.9 288.0 1 286.4 289.5 140.3 287.9 290.4 I 288.9 140.2 292.8 141.3 291.3 141.6 294.2 292.7 295.6 294.1 142.2 296.8 142.4 295.3 I 295.4 296.8 141.6 295.4 296.7 141.1 141.0 296.1 297.3 297.9 140.7 296.7 140.6 140.4 140.3 140.2 140.3 140.2 140.9 142.0 141.9 141.8 141.6 141.6 296.9 296.9 297.8 298.8 299.8 301.0 303.1 305.7 307.1 303.4 309.8 311.2 141.8 142.3 142.6 142.9 143.5 143.7 143.8 144.2 144.7 145.0 145.6 146.1 141.8 142.3 142.6 142.9 143.5 143.7 143.8 144.2 144.7 145.0 145.6 146.1 312.6 315.0 316.7 318.5 320.9 322.8 324.3 326.2 328.0 329.7 331.9 333.9 146.2 146.6 146.9 147.3 147.8 147.5 147.4 147.4 147.3 147.7 148.2 148.8 146.2 146.6 146.9 147.3 147.8 147.5 147.4 147.4 147.3 147.7 148.2 148.8 336.2 338.9 341.7 344.1 346.1 347.6 349.5 351.3 353.2 355.6 358.4 361.1 1 1 | (NOT SEASONALLY ADJUSTED) L M-3 PLUS OTHER LIQUID ASSETS T 1j I I ! I 1| nzzsnuzi CURRENCY TT 14277 | | | | | | | | | | | J I 1 1 1 1 1 I 1 1 1 1 1 144.0 140.5 139.2 140.4 138.3 138.6 139.5 140.0 141.2 141.9 143.1 145.3 404.2 406.5 408.1 410.4 413.2 415.2 417.6 419.2. 420.9 423.5 426.4 429.1 | | | | I | | | | | | | 1 1 1 1 i 1 1 1 1 1 1 1 145.3 142.4 141.4 143.2 141.4 142.0 142.4 142.2 143.9 145.3 147.2 150.1 432.2 435.0 438.8 442.0 444.4 446.8 448.9 451.7 454.0 455.8 460.3 464.5 |1 J 1 I I | 1 |1 j 1 I 1 | 1 | 1 I 1 11 |1 149.8 146.5 145.6 147.6 145.4 145.7 145.9 145.3 146.4 148.0 149.8 152.9 37372 373.3 375.0 376.3 379.5 381.9 384.6 386.7 387.0 387.2 387.9 387.5 1I I I 1I I I | I | I |I | I I 1 | j |1 298.2 298.2 299.1 300.0 301.1 302.3 304.5 307.2 308.7 310.1 311.7 313.3 388.3 389.0 390.1 390.9 391.5 393.0 395.4 397.1 399.0 400.3 401.4 402.5 314.8 317.4 319.2 321.3 323.9 325.9 327.6 329.7 331.7 333.5 335.8 337.9 340.3 343.3 346.4 349.1 351.4 353.2 355.1 357.1 359.2 362.0 365.0 368.2 1 PLUS DEMAND DEPOSITS 139.9 139.0 140.3 139.3 140.0 140.8 140.5 140.9 141.3 142.4 144.3 1 I I 1 L... J"..! H3 11 ME-B 11 MJL„J1 M-3 PLUS I M-2 PLUS M-1A PLUS I M-1B PLUS OTHER | LARGE OVERNIGHT OTHER LIQUID 1 TIME RP"S AND CHECKABLE ASSETS I DEPOSITS MMMF AND DEPOSITS SAVINGS , AND TERM RP»S AND SMALL TIME | DEPOSITS 142.7 376.5 J 2"58TS 290.3 374.5 J 288.1 139.9 286.6 374.6 I 288.4 286.8 139.0 290.7 377.3 1 289.2 140.3 3 7 8 . 2 I 2 9 0 . 8 2 8 9 . 2 139.3 380.3 I 293.0 291.3 140.0 383.3 j 294.7 293.1 140.8 384.9 | 294.8 293.3 140.5 385.3 1 296.0 294.6 140.9 386.3 1 296.8 141.3 295.5 387.8 1 297.9 142.4 296.7 389.6 | 300.7 299.6 144.3 144.0 140.5 139.2 140.4 138.3 138.6 139.5 140.0 141.2 141.9 143.1 145.3 300.5 297.3 297.0 299.2 297.8 299.6 302.1 303.7 306.2 308.4 310.4 314.2 145.3 142.4 141.4 143.2 141.4 142.0 142.4 142.2 143.9 145.3 147.2 150.1 316.4 315.4 316.0 319.1 318.9 321.4 323.4 324.1 327.0 329.9 332.7 337.4 149.8 146.5 145.6 147.6 145.4 145.7 145.9 145.3 146.4 148.0 149.8 152.9 I i 1 I I I 339.9 338.9 340.7 344.7 343.7 346.2 348.4 349.0 352.0 355.7 359.0 364.5 301.7 298.5 298.3 300.5 299.1 301.1 303.6 305.3 307.8 310.1 312.1 316.1 I I 1 1 I I i 1 1 I I I 1 I | I I I 318.5 317.7 318.5 321.9 321.9 324.7 326.9 327.8 330.7 333.6 336.4 341.1 343.8 343.3 345.5 349.9 349.2 352.1 354.3 354.9 358.0 361.9 365.1 371.1 1 1 1 1 1 1 i 1 1 1 391.9 390.6 390.2 392.1 390.4 391.5 394.0 395.3 397.2 399.4 401.2 404.5 | I I I | | 1 I I 1 1 1 407.8 408.1 408.2 411.8 412.1 413.7 416.2 417.4 419.1 422.7 426.6 431.6 | I I | | | | | | J | | 435.6 436.2 438.8 443.5 443.3 445.5 447.3 449.6 451.8 454.7 460.3 466.7 | I I | I | | | J | | | TABLE 1 MONEY STCCK MEASURES AND LIQUID A* SETS BILLIONS OF DOLLARS (NOT SEASONALLY ADJUSTED) (SEASONALLY ADJUSTED) \ I I I I 1963 J A N . . .1 FE3. . . 1 MAR. . . I APR... 1 MAY... I J UN, . . I JUL. . . I AUG. . . I SEP... I OCT... I NOV... I DEC... I 1964 JAN...I FEB... 1 MAR... I APR... [ MAY. . . I JUN... j JUL. . . I AUG... I SEP... i OCT... I NOV... 1 DEC. . . I 154.7 155.2 155.4 155.7 156.5 156.6 157.9 158.9 159.8 160.3 160.9 161.2 JAN...1 FEB... 1 MAR... I APR. . . I MAY... I JUN... I JUL... I AUG... 1 SEP... 1 OCT. . . 1 NOV. . . 1 DEC. . . I 161.8 161.9 162.5 163.0 162.7 163.3 164.1 164.8 165.8 167.1 167.7 168.7 JAN...1 FES. . . I MAR. . . 1 APR. . . 1 MAY... I JUN... 1 JUL... j AUG. • • 1 SEP. . . 1 OCT... j NOV... 1 DEC... 1 170.1 170.5 171.5 172.8 172.3 172.7 171.6 171.8 172.8 172.2 172.3 172.8 1965 1966 t& Ml-A 1 Ml-B J 142 j M-1B PLUS M-1A PLUS CURRENCY OVERNIGHT OTHER PLUS RP»S AND CHECKABLE DE4AND MMMF AND DEPOSITS DEPOSITS SAVINGS AND SMALL TIME DEPOSITS 149.2 149.1 363.7 366.3 149.8 149.8 369.0 150.2 150.1 371.5 150.6 150.5 374.6 151.4 151.3 376.5 151.4 151.3 3 79.5 152.3 152.3 152.7 382.1 152.7 384.1 152.9 152.9 386.6 153.5 153.5 389.9 154.6 154.6 391.4 154.2 154.2 L ~1 M-3 PLUS | I OTHER |j LIQJIJ 1I ASSETS I I J A-2 PLUS LARGE TIME DEPOSITS AND TERM RP"S di-A -CURRENCY PLUS DEMAND DEPOSITS 37T70 373.8 376.8 379.6 382.9 385.0 383.1 391.1 393.5 396.5 400.4 402.3 467TI 470.7 473.9 47b.3 480.1 482.2 485.2 489.3 492.8 495.1 499.7 501.8 T1 |1 | 1 | 1 | 1 | 1 | I | 1 j 1 |1 | 1 | 1 T5T7T 149.6 148.8 151.0 148.8 149.6 150.8 150.3 151.9 153.8 156.2 158.5 J Ml-B 1L &Z-JZ31 H3 1u. L, m M-1A PLUS I M-1B PLUS M-2 PLUS I M-3 PLUS 1 OVERNIGHT OTHER 1 OTHER LARGE LIQUID 1 CHECKABLE RP»S AND TIME MMMF AND ASSETS | DEPOSITS DEPOSITS SAVINGS AND TERM RP"S AND SMALL TIME I DEPOSITS I5TTL 367.8 —Tnj7F™~? 374.9 472.3 ! 374.0 149.7 366.5 368.3 474.4 j 376.3 148.8 151.0 478.3 j 380.7 372.5 372.0 479.1 ! 148.9 380.7 480.9 1 149.6 375.2 384.0 378.4 483.:: | 3 87.3 150.8 379.4 388.6 150.4 486.7 i 382.7 490.3 | 152.0 392.1 386.8 493.9 1 153.8 396.3 4 9 9 . 7 1 3 9 0 . 6 4 0 0 . 5 156.2 395.1 405.4 504.3 i 158.5 154.8 155.3 155.5 155.8 156.5 156.7 157.9 159.0 159.8 160.4 161.0 161.3 393.6 396.0 397.8 399.9 402.8 405.2 408.4 411.9 414.9 417.4 420.4 422.8 404.9 407.7 409.6 411.9 415.3 418.0 421.5 425.3 428.8 431.9 435.3 438.0 504.3 507.1 509.1 511.7 515.6 519.0 521.9 524.7 528.9 532.5 535.7 538.3 1I |I 1I | 1 I 1 | 1 | 1 11 | 1 I1 | 1 | I 158.9 154.9 154.0 156.3 153.6 154.8 156.4 156.4 158.8 16C.7 162.6 165.9 158.9 154.9 154.1 156.3 153.7 154.9 156.5 156.4 158.8 160.8 162.6 165.9 398.1 395.9 397.3 401.0 399.7 403.7 407.3 408.8 413.4 417.7 421.1 426.8 1 ! 1 I I 1 1 161.9 162.0 162.5 163.1 162.8 163.3 164.2 164.8 165.9 167.1 167.8 168.8 425.8 428.6 431.1 433.6 435.4 43 8 . 0 441.1 444.1 447.2 451.0 453.9 457.2 441.8 444.9 447.7 450.6 452.7 455.9 459.5 463.2 467.0 471.6 474.8 478.5 541.7 544.7 548.1 551.7 554.7 558.7 563.1 566.8 570.3 574.7 578.6 582.3 j I | ( | 1 |1 !1 | 1 I 1 { 1 I1 | 1 | 1 | 1 166.3 161.3 lc0.9 163.6 159.7 161.5 162.7 162.1 164.9 167.5 169.3 173.7 166.4 161.3 160.9 163.6 159.7 161.6 162.8 162.2 165.0 167.6 169.3 173.7 430.8 428.3 430.5 434.7 432.0 436.5 439.9 440.8 445.8 451.3 454.7 461.5 1 I I I I 1 I I 1 I I I 170.2 170.6 171.6 172.9 172.4 172.7 171.6 171.8 172.9 172.3 172.3 172.9 586.2 589.0 592.1 596.3 598.6 600.1 600.9 602.6 605.7 607.3 610.1 613.9 11 J i | 1 I 1 | I j 1 | 1 | 1 | 1 I 1 I 1 | 1 175.0 169.6 169.7 173.4 168.9 171.0 170.2 169.2 172.0 172.6 173.9 177.9 175.0 169.7 169.8 173.5 169.0 171.0 170.3 169.3 172.0 172.7 173.9 178.0 465.5 461.8 464.2 468.6 464.7 467.9 468.3 467.9 472.3 474.9 476.6 482.6 1 1 ! 1 1 t i 460.1 462.4 465.0 467.4 468.3 469.2 469.2 471.0 473.6 474.4 475.8 478.5 1 I 481.5 483.9 486.9 490.5 492.1 493.5 494.5 496.2 498.8 498.5 498.9 502.2 I 1 I j 1 1 409.3 407.7 409.3 413.2 412.8 416.9 420.7 422.5 427.1 431.7 435.5 441.5 508.3 508.4 509.9 513.9 514.5 517.5 519.7 521.8 526.2 531.3 535.8 541.1 1 1 f | ! j 1 I | | | | 446.6 444.8 447.3 452.0 450.0 454.7 458.5 460.2 465.4 471.2 475.0 482.1 546.2 545.9 549.0 554.0 553.4 557.2 560.6 563.6 567.6 573.4 578.7 585.2 I | | | | I | | | | I I 486.8 483.5 486.4 492.1 489.1 492.4 493.7 493.7 497.3 498.4 499.3 505.8 591.1 590.2 593.0 599.1 597.1 598.5 598.4 599.7 603.2 606.1 610.3 616.6 ! i I J I | I | t | | | MONEY (SEASONALLY TABLE I STOCK MEASURES AND LIQUID 3i L L IONS Of- DOLLARS ASSETS ADJUSTED) (NOT SEASONALLY 1 fll-A I I 1 1 19fc7 1968 1969 1970 J A N . , .T FES. . . 1 MAR. . . j APR. . . I MAY. . . I JUN. . . J JUL... I AUG... I SEP... 1 OCT... i NOV... ) DEC... I BLZLA 1 Mirj3_ . $1~2L JL — a * . Mi JL_ _L 11 JL__ CURRENCY M-1A PLUS M-3 PLUS f \ CURRENCY M-1A PLUS M-2 P U S M-1B PLUS OVERNIGHT CTHER OTHER | I PLUS LARGE I OTHER PLUS DEMAND CHECKABLE RP*S AND LIQUID ( { T I ME cnf. CITABLE DEMAND DEPOSITS ASSETS I I DEPOSITS MMMF AND DEPOSITS DEPOSITS OEPOSITS SAVINGS AND TERM RP*S AND SMALL TIME DEPOSITS * ^ T 0 6 T 3 ~ " —-JTKT *i80.T 17379 Tr™£7777 —TJf^f— 173.9 621.2 | 1 172.7 172.3 483.5 173.8 51 L 2 626.6 I 1 175.9 516.6 173.9 488.0 175.9 174.0 628.9 j 1 519*4 175.9 175.9 175.1 490.5 175.0 524.6 J 173.3 173.4 1 76. 6 J 495.6 633.2 11 176.5 5 29.9 178.0 500.3 637.8 1j 178.0 176.7 176.6 179.6 642.5 J I 535,2 178.2 179.5 178.3 505.3 648.3 |i 181.0 180*9 509.9 178.2 178.2 540.3 653.1 |j 181.4 544.3 I 180.8 180.9 181.5 513.3 182.7 548.J 657.7 I 1 183.1 182.6 517.3 183.1 662.0 |) 183.3 183.3 185.0 185.0 551.7 1 520.0 523.6 189.6 164.2 184.2 555,7 189.6 667.2 I i 1[ mTo"~ i | | I M£ |L „ _ M J J, .A M-3 PLU. M-18 PLUS I M-2 PLUS OVERNIGHT 1 LARGE OTHER TIME LIQUID RP"S AND I MMMF AND , DEPOSITS ASSETS SAVINGS ANO TERM RPWS AND SMALL TIME DEPOSITS ____ 62174" 48 5". 3 510.1 462.2 621.8 486.9 515.8 627.5 491.9 521.2 631.9 522.0 492*3 631.9 529.4 636. 7 499.8 640.4 534.5 I 504.8 537.9 645.6 506.8 651.0 512.4 543.2 ! 656.6 548.2 1 517.7 552.0 | 662.1 520.6 669.9 527.4 559.2 JAN.*. 1 FEB... 1 MAR. . . i APR... 1 HAY... ! JUN. . . I JUL... 1 AUG..* ! SEP. . . ! OCT... 1 NOV. . . 1 OEC. . . 1 185.2 185.7 186.7 187.6 189.3 190.8 191.9 193.0 193.8 195.1 197.1 198.4 185.3 185.8 186.8 187.7 189.3 190.9 191.9 193.1 193.9 195.2 197.2 198.5 526.6 529,2 532.0 % 534.5 5 36.1 541.7 544,9 54 9 . 0 553.1 557,4 561.9 566.2 558.5 561.2 564.4 566.5 569.9 573.4 573.0 583.2 588.3 593.9 599, 8 605.3 672.1 6 76.1 680.5 684.5 689.5 694.8 700.9 707.4 713.5 719.8 725.3 730.9 J ) J I J I [ J J | | | 1 I t 1 J 1 1 I 1 I I I 190.2 184.1 134.6 188.5 185.8 189.4 190.9 190.5 193.0 195.4 198.7 204.0 190.3 184.2 184.7 188.6 185.8 189.4 191.0 190.5 193.1 195.5 198.8 204,1 531.1 527.3 530.9 536.4 535.0 541.6 545.1 546.2 551.8 557,3 561.9 569.6 JAN... f FES. . . 1 MAR. . . 1 APR. . . J MAY. . . J JUN. . . 1 J UL . , . I AUG... 1 SEP. . . 1 OCT... I NOV. . . i DEC. . . 1 199.9 200.5 201.3 201.7 202.2 202.9 203. 1 202.9 203.1 203.9 2 04.6 204.6 200.0 200.6 201.3 201.8 202.3 203.0 203.2 203.0 203.2 204.0 204.7 204.7 568.8 571.5 573.4 574.9 576.4 578.3 579.3 580.0 581.6 582.9 585.2 587.6 606.3 607.4 608.2 609.5 610.2 610.9 608.9 606.7 607.2 607. 3 608.6 610*4 734.0 737.7 741.3 744.8 746.2 748.3 747.9 748.3 751.9 753,8 757.2 761,2 j | | j I { j I j | | I I I } I S J J 1 I I I ! 205.1 198.5 199.0 202.6 198.4 201.3 202.3 200.4 202.3 204.0 206.1 210.4 205.2 198.5 199.1 202.7 198.5 201.4 202*4 200.5 202.4 204.1 206.2 210.5 573.3 568.6 572.6 577,2 57 3 . 3 578*4 57 9 . 8 57 7 . 3 500.2 5 82.8 584.6 590,7 JAN... 1 FEB... J MAR. . . 1 APR. . . S MAY. . . 1 JUN... ! JUL. . . 1 AUG... ! SEP... 1 OCT. . . [ NOV I 207.0 205.4 206.9 208.2 208.9 209.2 209.5 211.3 212.6 213.4 214.1 207.1 205.5 207.0 208.3 209.0 209.3 209.6 211.4 212.7 213.5 214.2 587.8 586.1 588.1 589.7 593.3 596.3 598.6 603.6 608.4 613.2 618.8 609.3 607.5 610.9 616.0 620.6 623.1 630.6 639.2 647.7 655.1 662.8 761.8 761.6 765.9 770.9" 774.6 778.1 784.6 791*2 796.3 801.7 S06.7 | J | | | | ( J i | | 1 | 1 I ( i J 1 1 I I 212.0 203.1 204.5 209.2 205.2 207.8 209.0 208.9 211.7 213»3 215.7 -- - ~ ' 591.9 583.3 587.5 592.9 591* 597.3 599.9 601.1 606.7 612.1 617.2 A77.3 i 1 - -,, -, I I ! i 212.1 203.2 204.6 209.3 205.3 207,9 209.1 209.0 211.8 213.4 215.8 i -3ti ! 1 1 a 1 j 1 I 1 I ( f 1 1 ADJUSTED) 562.7 559.3 563.5 568.6 567.3 573.1 577.7 5 81.2 586»9 593.5 599.7 608.7 676*1 676. 1 681.5 687.8 688.2 693.6 698.8 704.8 711.1 718.1 724.9 733.3 1 ! i 1 \ 1 i I 610.7 604.6 607.4 611.8 607.4 <■ ' 0 . 7 608.9 604.5 606.0 607.2 608.0 613.5 738.2 737,2 742,9 748.4 744.7 746.8 745.8 74 5 . 7 749.5 752.3 756.5 763.4 i i j J 1 I 1 ! ! 1 ! 1 613.4 604.7 610.2 619.0 618.6 623.7 631.3 637.5 646.5 654.5 661.2 673.9 I i ! 1 1 1 ! I i \ 765.8 761.5 768.1 7 7 5.. 0 773.8 77 7*3 783.1 788.6 793-9 799.8 805.3 814.4 TABLE i MONEY STOCK MEASURES AND LIQUID ASSETS BILLIONS OF DOLLARS {SEASONALLY ADJUSTED) f I i I I 1971 1972 1973 1974 Ml-A i_ MJL-fi CURRENCY ] M-1A PLUS OTHER PLUS DEMAND | CHECKABLE DEPOSITS DEPOSITS 216.8 218.2 220.1 221.6 223.8 225.3 226.3 227.0 227.5 228.1 228.4 229.4 JAN... | FEB... i MAR... I APR... I MAY..« I JUN... I JUL... { AUG... I SEP... I OCT... i NOV... I DEC. . . I 216.7 218.1 220.0 221.5 223.7 225.2 226.2 226.9 227.4 228.0 228.3 229.2 JAN...i FEB. . . J MAR* . . I APR. . . i MAY... I JUN. . . I JUL. . . I AUG... I SEP... I OCT... I NOV.. . I DEC... I 231.3 233.2 235*6 237.0 237.2 238 * 3 240.1 242.3 244.3 246.1 247.3 250,5 231.4. 233.3 235.7 237.2 237.4 238.4 240.2 242.4 244.4 246.2 247.4 250.6 JAN...! FEB... I MAR... I APR. . . J MAY. . . I JUN... J JUL... I AUG... I SEP... 1 OCT. . . I NOV... I DEC. . . I 252.8 253.3 253.1 254.0 256.3 258.4 258.8 259.2 259.1 260.2 261.9 264.1 253.0 253.5 253.3 254.2 256.5 258.6 259.1 259.5 259.4 260.5 262.2 264.4 JAN... I FEB. . . I MAR... I APR... I MAY... I JUN. . . I JUL... I AUG... 1 SEP... 1 OCT... 1 NOV... I DEC... 1 265.1 266.5 268.0 268.0 268.7 270.0 270.2 270.9 271.8 273.0 274.5 275.3 265.4 266.8 268.3 268.3 269.1 270.3 270.5 271.3 272.1 273.4 274.9 275.7 | \ 1 1 1 i M2 M-1B PLUS OVERNIGHT RP"S AND MMMF AND SAVINGS AND SMALL TIME DEPOSITS 631.7 640.1 649.4 658.9 667.5 673.4 678.9 684.5 690.3 696.0 703.2 709.6 MJ M-2 PLUS LARGE TIME DEPOSITS AND TERM *P"S 716.8 725.1 733.6 738.9 743.7 750.4 759.5 768.6 777.3 785.4 793.1 801.6 777.5 787.0 795.3 802.8 809.9 818.7 828.4 839.2 848.9 857.5 868.1 877.8 809.9 814.9 816.7 820.5 827.8 835.3 838.4 841.1 841.4 844.9 851.9 853.1 887.7 898.5 908.5 915.5 924.5 933.6 942.3 951.2 957.9 962.8 969.9 976.1 862.5 868.4 875.1 876.8 879.5 883.7 886.4 889.4 893.0 897.3 903.8 906.2 984.2 994.6 1003.5 1011.7 1020.2 1029.4 1035.3 1039.7 1044.9 1048.6 1054.9 1058.6 (NOT SEASONALLY ADJUSTED) L_ M-3 PLUS OTHER LIQUID ASSETS 680.9 691.2 702.0 710.1 718.8 725.8 732.8 738.1 745.0 752.8 761.4 769.7 1 I 1 1 I I ! I I I ! I 1 1 I 1 1 i 1 1 ! 1 I 1 L1 I I 1 1 1 1 I 1 M2 1i Ml-A J Ml-B 11 MA nLZZZ3ZT" " * CURRENCY M-2 PLUS M-1A PLUS i M-1B PLUS M-3 ? L i h OVERNIGHT OTHER LARGE OTHER PLUS X TIME 1 LIQUID RP"S AND CHECKABLE I DEMAND MMMF AND ASSETS DEPOSITS DEPOSITS DEPOSITS SAVINGS AHO TERM RP"S AND SMALL I TIHE DEPOSITS 634.6 22177 684.0 221.6 8237F" 636.9 215.5 215.6 687.6 8 2 5,5 649.2 217.6 701.3 217.5 &3&«- B 222.7 713.9 663.2 222.6 84?* % 666.0 219.9 717.6 220.1 64«** 675.4 223.9 224.1 727.0 856. y 681.0 226.0 226.2 733.8 864, V 681.9 736*6 i 224.4 224.6 869 2 687.9 226.4 226.5 743.5 87*** i 227.8 752.0 227.9 694.2 88i, f 229.9 758.9 700.9 | 230.1 8*8,? 771.4 235.7 711.3 235.8 900*4 * 820.2 827.4 835.6 843.0 849.2 856.6 865.4 871.1 876.7 883.3 890.7 898.7 I1 |1 I 1 |1 11 | 1 II 11 I 1 I 1 I1 | 1 907.2 917.0 926.8 935.2 942.1 951.7 961.2 972.4 982.9 992.9 1006.1 1017.7 11 | 1 I1 I 1 11 |1 I1 | I | 1 I1 | 1 |1 236.3 230.2 232.9 238.3 233.5 237.3 240.3 239.8 243.0 245.6 249.0 257.5 236.4 230.3 233.0 238.4 233.6 237.4 240.4 239.9 243.2 245.7 249.2 257.6 719.5 721.6 733.6 743.9 742.6 753.3 762.6 766.2 773.9 782.5 790.0 803.5 1028.9 1041.1 1052.1 1061.2 1072.3 1084.3 1093.6 1104.8 1114.3 1120.9 1130.0 1137.2 |1 | ! It II I1 i1 J1 I1 i 1 I1 I1 II 257.9 249.7 250.1 255.4 252.0 257.6 259.2 256.8 257.7 259.6 263.9 271.5 258.0 249.9 250.3 255.6 252.2 257.8 259.5 257.0 258.0 259.9 264.2 271.8 812.4 810.7 816.8 826.5 826.8 838.8 842.1 838.7 837.7 841.7 848.8 860.1 1147.4 1161.2 1172.7 1182.7 1192.1 1202.8 1209.6 1217.2 1226.0 1231.8 1238.5 1242.8 |1 11 !1 |1 |1 I1 11 Ii 11 |1 I1 |1 270.0 262.3 264.6 269.7 264.4 269.3 271.1 268.8 270.3 272.6 276.6 282*9 i 1 1 270.3 262.6 264.9 270.0 264.7 269.7 271.4 269.2 270.7 273.0 277.1 283.4 1 1 I 1 I I I I 1 | 864.7 863.6 874.7 883.2 878.5 887.3 890.6 887.5 889.2 894.4 900.9 908.5 910.3 914*6 927.6 939.7 941.7 952.5 780.6 783,0 794.6 807.1 809.2 820.6 830.4 838.0 846.7 855.8 864.5 879.8 | j I 1 I 1 1 i i t I 1 I 890.7 893.9 907.6 920.5 923.9 935.8 944.5 950.5 956.0 961.4 965.9 978.4 987.4 989.3 1002.0 1017.0 1019.7 1031.3 1037.5 1039.6 1042.8 1047.5 1051.2 1061.8 •**!*• 970.6 % I"., 8 *v H 100 -*3 io?o»r • i { I 1 t f 1 1 1 ! i 1 1 103£.3 1038.1 1052.8 1066.4 1071.7 1084*9 1094.2 1103*3 1111.3 lilt.2 1.127.2 1140.0 1151.1 1157.8 1173*0 1188.1 l i t 1.3 1203.Q 1210.1 1216.4 1222. 7 1230*6 1236*2 1246.1 i % . i t i i * i i » » i * i i i t j * i f i I 1 « 1 1 1 -.1 TABLE 1 MONEY STOCK MEASURES ANO LIQUID ASSETS BILLIONS Of DOLLARS (SEASONALLY ADJUSTED) ~ 1975 1976 1977 1978 1 Ml-A CURRENCY PLUS DEMAND DEPOSITS Ml-B M-1A PLUS OTHER CHECKABLE DEPOSITS JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG. • • SEP... OCT... NOV... DEC*•. 275.0 275.8 277.6 276.9 279.9 283.7 284.0 285.3 285,9 285.4 288 • 2 287.9 275.5 276.3 278.2 277.6 280 . 5 284.4 284.8 286.1 286.8 286.4 289.2 289.0 JAN... FEB. • • MAR... APR... MAY.•• JUN...I JUL... AUG...I SEP... OCT...J NOV... DEC... 289.4 291.4 292.5 294.1 296.0 295.9 296.4 298.2 298.7 301.6 302.3 305.0 JAN... FEft... MAR.•• APR... MAY... JUN... JUL... AUG...J SEf>... [ OCT...J NOV.• • OEC... 307.6 309.9 311.6 314.0 314.7 316.1 318.0 319.2 321.7 324.0 326.5 328.4 JAN... FEB... MAft*.. 1 APR... 332.0 332.0 333.5 337.0 339.9 342.2 343.5 344.9 348.7 349.3 350.7 351.6 JUN.• • JUL... AUG.•• SEP... OCT... NOV. . • DEC... 1 I 1 I 1 1 1 1 1 I I £12 ; M-1B PLUS OVERSIGHT RP«S AND MMMF AND SAVINGS AND SMALL TIME DEPOSITS 910.5 919.2 930.6 940.2 953.6 969.2 980.4 989.2 997.7 1003.5 1014.6 1022.4 N 290.5 292.6 293.8 295.6 297.6 297.6 298.4 300.2 300.9 304.0 304.8 307.7 I 1 I 1033.4 1048.3 1057.5 1068.4 1082.8 1087.7 1096.2 1110.9 1122.9 1138.4 1151.2 1166.7 310.4 312.8 314.6 317.0 317.8 319.3 321.4 322.8 325.3 327.8 330.4 332.5 I 1 1 1 1 1 1 1 I 1 I 1 1179.4 1191.9 1203.2 1214.6 1225.7 1234.5 1244.1 1254.3 1264.7 1274.9 1285.5 1294.1 336.2 336.2 337.8 341.6 344.6 347.0 348.4 349.9 353.8 354.5 357.3 359.9 1 I 1 I 1 1 i I 1302.6 1308.0 1316.4 1325.0 1333.7 1342.0 1349.7 1360.2 1372.8 1383.7 1394.7 1400.8 (NOT SEASONALLY AOJUSTED) *3 ~1 L ~r \ M-2 PLUS 1 M-3 PLUS 1 I OTHER 1I LARGE I TIME I LIQUID 1I ASSETS |I DEPOSITS ] AND | TERM RP«SI . | J | | 1 1064.5 1072.7 1081.4 1086.5 1097.2 1110.6 1119.7 1126.3 1136.7 1143.1 1155.7 1161.0 1— 1 2 5 0 . 3 — r T | 1259.8 1I | 1269.0 |I 1276.4 |I I 1289.1 | 1 I 1303.3 II | 1312.6 |I I 1322.2 1I | 1335.4 | I | 1345.0 |1 1361.6 j I | 1369.6 |1 2T9T6" 1169.8 1182.6 1193.1 1204.4 1217.0 1224.6 1234.4 1248.0 1257.6 1270.1 1283.2 1299.7 ! j | I ! I I I I I 1310.9 1324.5 1336.9 1348.6 1362.6 1374.8 1387.8 1402.2 1415.7 1429.8 1447.3 1460.3 I I I 1 I I | I I I | I 1471.9 1482.3 1497.2 1511.4 1526.5 1536.7 1549.0 1564.3 1579.6 1591.9 1613.9 1622.2 I I Mi-A n M2 Ml-B 1 CURRENCY | M-1A PLUS I M-1B PLUS OVERNIGHT OTHER PLUS RP"S AND DEMAND I CHECKABLE 1 DEPOSITS MMMF AND DEPOSITS SAVINGS AND SMALL TIME DEPOSITS j 1 | I 1 I 1 ! 1 i I 1 271.0 273.9 278.9 275.4 283.0 284.9 283.1 284.6 285.4 290.5 295.9 1 I 280.1 ] 271.5 274.5 279.5 276.1 283.7 285.7 283.9 285.5 286.4 291.5 296.9 I | 1 | | 294.9 286.9 289.3 297.8 292.9 296.9 299.6 298.2 299.8 304.4 307.2 316.1 1379.3 1393.7 1406.1 1419.4 1433.2 1442.9 1454.2 1469.1 1480.2 1493.0 1506.2 1523.5 |I |1 1i | I 1I | I II | I I I Ii | I |1 293.8 285.7 288.0 296.3 291.3 295.2 297.7 296.1 297.6 302.0 304.7 313.5 1534.5 1551.3 1566.5 1581.0 1597.4 1611.5 1626.8 1645.1' 1664.1 1680.1 1698.6 1715.5 |I II II | I 1I II |1 |I |I I 1 I I |I 312.3 303.4 306.6 316.8 309.7 315.3 319.5 317.4 321.0 325.2 328.8 337.2 315.1 306.3 309.6 319.9 312.8 318.5 322.9 320.9 324.7 329.1 332.7 341.3 1729.7 1743.9 1762.8 1781.4 1801.2 1815.4 1830.1 1848.9 1870.8 1883.6 1908.6 1926.3 II |I |I 1I II |I |i |1 II |I 1i 1I 336.4 324.9 327.6 339.9 334.6 341.3 345.3 343.1 348.3 350.9 353.2 360.9 340.6 329.1 331.9 344.5 339.2 346.1 350.2 348.1 353.4 356.1 359.7 369.3 | 1 I 1 I 1 9T775 | 913.7 930.0 947.0 952.5 972.7 985.0 987.2 994.1 1001.0 1011.4 1024.5 1035.1 1041.5 1055.9 1075.8 1081.6 1091.2 1101.3 110B.9 1119.7 1135.9 1148.2 1169.1 i i [ 1 1 1 1 1 ! t 1 1 I 1 11 H3 1 I i I M-2 PLUS 1 M-3 PLUS | LARGE OTHER 1 1 I TIME 1 LIQUID | ASSETS t I DEPOSITS 1 AND j i TERM RPWS | 1 | | | I 1067.8 1067.0 1079.8 1092.2 1096.4 1112.5 1122.6 1125.2 1134.0 1141.5 1152.1 " 1164.5 1172.7 1175.7 1191.3 1210.8 1215.6 1226.6 1237.8 1246.3 1254.7 1268.2 1280.4 1303.8 | | 1181.6 1184.3 1201.4 1222.7 1224.2 1237.8 1250.1 1253.0 1263.2 1274.3 1281.4 1295.9 1 I 1 I I I I 1314.4 1317.1 1335.3 1355.6 1360.5 1376.6 1392.3 1400.9 1414.1 1429.6 1443.6 1464.5 1304.4 1299.5 1313.3 1332.8 1331.6 1344.7 1356.1 1358.7 1371.9 1383.8 1390.4 1402.9 I I I I I I I 1 I I I | 1475.4 1474.1 1494.8 1517.8 1523.5 1537.2 1553.0 1562.3 1578.3 1592.7 1610.5 1627.8 1 1 1 | ! 1 i 1 I 1 1 I \ 1 1 1 I 1 1 I 1 1254.0 I 1255.9 1269.1 1282.2 1288.0 1303.2 1313.7 1320.4 1331.2 1343.3 1359.6 1373.1 i 1 | 1 I | I I J I I 1383.4 1389.3 1406.2 1426.2 1431.6 1442.7 1455.9 1466.7 1474.7 1490.5 1505.1 1527.1 i | 1 I I I | | | I | I 1539.2 1546.6 1566.6 1588.7 1595.4 1611.9 1630.2 1643.2 1659.1 1678.7 1696.5 1718.5 I | I | | | } I I j I | 1734.3 1738.9 1762.2 1788.7 1798.8 1815.0 1833.3 1846.5 1864.9 1882.5 1906.8 1929.8 I I J | | t 1 I I | i I TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED* BILLIONS OF DOLLARS I L959 1960 1961 1962 CURRENCY DEMANO DEPOSITS TIo79 iiTS SAVINGS DEPQS1 T C AT ,- AT THRIFT COMMERCIAL 1 INSTS f f 1 BANKS 51.4 83.6 84.1 51.6 51.9 84.8 85.5 52.2 52.6 86.3 53.0 87.0 87.8 53.2 53.4 88.5 89.1 53.7 53.9 89.6 90.1 54.0 54.4 90.8 TOTAL F35.0 135.7 136.7 137.7 138.9 140.0 140.9 141.9 142.8 143.4 144.2 145.2 JAN... 1 FEB... 1 MAR... I APR... I MAY... t JUN... I JUL... 1 AUG... 1 SEP... I OCT... 1 NOV... I DEC... 1 23.7 28.8 28.7 29.0 29.0 29.0 29.1 29.0 29.0 28.9 28.9 111.2 111.5 111.5 112.3 112.6 113.2 113.4 112.6 112.1 112.1 111.8 JAN... I FEB. . . I MAR... I APR... 1 MAY... I JUN... 1 JUL. . . I AUG... I SEP... I OCT... I NOV... 1 DEC... 1 28.9 29.0 28.9 29.0 29.0 29.0 29.0 29.0 29.0 29.1 29.0 29.0 111.7 111.4 111.4 111.2 111.3 111.2 111.9113.0 112.9 112.7 112.7 112.7 54.2 54.1 54.2 54.5 54.7 55.0 55.3 55.9 56.4 56.9 57.4 58.0 91.4 92.0 92.7 93.4 94.2 94.9 95.7 96.5 97.4 98.2 99.1 99.9 145.5 146.1 146.9 147.9 148.8 149.9 151.0 152.4 153.7 155.1 156.4 157.8 JAN... 1 FEB... i MAR..• i APR... i MAY... I JUN... 1 JUL... 1 AUG... 1 SEP... I OCT... 1 NOV... I DEC... 1 28.9 28.9 28.9 28.9 28.9 28.9 29.0 29.1 29.3 29.3 29.4 29.6 112.8 113.3 113.7 114.0 114.5 114.7 114.8 115.1 115.4 115.7 116.2 116.6 58.3 59.2 59.7 60.3 60.6 61.1 61.4 61.8 62.1 62.6 63.2 63.7 100.7 101.5 102.4 103.2 104.1 105.0 105.8 106.7 107.5 108.3 109.3 110.2 JAN... 1 FEB. . . 1 MAR... I APR... 1 MAY. . . 1 JUN. =. 1 JUL... I AUG.•• 1 SEP... I OCT... 1 NOV... 1 DEC... I 29.6 29.7 29.8 30.0 30.0 30.1 30.2 30.2 30.3 30.3 30.4 30.6 116.6 116.9 117.1 117.3 117.8 117.4 117.3 117.2 117.0 117.3 117.8 118.2 64.2 64.8 65.5 66.1 66.6 67.2 68.0 68.5 69.1 69.7 70.3 70.9 1 1 1 111.2 112.0 113.0 114.0 114.9 115.8 116.8 117.9 118.9 120.0 121.2 122.2 I AT COMMERCIAL BANKS 9.8 1 9.5 9.7 9.7 9.7 9.7 1 9.5 9.5 9.6 9.4 9.4 9.3 AT THRIFT INSTSt 1.9 2.0 2.0 2.0 2.0 2.0 2.1 2.1 2.1 2.1 2.1 2.2 TOTAL 1 11.7 11.5 11.7 11.6 11.7 11.7 11.6 11.6 11.7 11.6 11.6 11.5 9.3 9.0 9.1 9.1 9.1 9.3 9.5 9.7 9.8 9.9 10.1 10.1 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 11.5 11.2 11.4 11.4 11.4 11.6 11.9 12.1 12.2 12.3 12.5 12.6 159.0 160.7 162.1 163.5 164.8 166.1 167.2 168.5 169.7 170.9 172.5 173.9 10.1 10.3 10.2 10.3 10.8 11.0 11.2 11.4 11.5 11.6 11.6 11.6 2.5 2.6 2.6 2.7 2.8 2.8 2.9 3.0 3.0 3.1 3.2 3.2 12.7 12.8 12.9 13.0 13.6 13.9 14.1 14.3 14.5 14.7 14.7 14.8 175.4 176.9 178.5 180.1 181.5 183.1 184.8 186.4 188.0 189.7 191.4 193.1 12.3 12.9 13.7 14.1 14.1 14.3 14.5 14.6 14.9 15.3 15.6 16.0 3.3 3.4 3.5 3.5 3.6 3.7 3.8 3.8 3.9 4.0 4.1 4.2 15.6 16.3 17.2 17.6 17.7 18.0 18.2 18.5 18.9 19.3 19.7 20.2 [ 1 TABLE 2 CGMPGNENTS UF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS I £AV INGS DEPQSIIS AT AT DEMAND ! THRIFT DEPOSITS COMMERCIAL INSTS. , BANKS 123.5 71.5 | 124.8 71.9 118.9 126.1 119.1 ! 72.5 I 127.4 119.4 73.1 73.7 128.6 120.1 129.8 74.2 119.8 130.9 120.7 74.8 132.0 120.9 75.2 . 120.9 133.0 75.6 134.1 75.5 121.5 135.2 122.3 75.9 136.3 121.7 76.3 CJRRfcNCY j JolZ I I I I I I I I 1 1 I 30.9 31.0 31.2 31.3 31.5 31.6 31.8 31.9 32.0 32.3 32.5 JAN... j FEB. . . I MAR... I APR... I MAY... I JUN. . . I JUL. . . I AUG. . . I SEP. . . I OCT. . . I NOV. . . 1 DEC. . . I 32.5 32.7 32.9 33.1 33.3 33.5 33.6 33.8 33.9 34.0 34.2 34.2 122.2 122.6 122.5 122.6 123.2 123.2 124.3 125.2 125.9 126.3 126.7 127.0 76.7 77.2 77.6 78.1 78.7 79.2 79.6 80.2 80.8 81.3 81.9 82.4 1965 JAN...j FEB. . . I MAR. . . 1 APR... I MAY. . . 1 JUN. . . 1 JUL. . . I AUG. . . I SEP... 1 OCT... I NOV. . . I DEC. . . I 34.4 34.6 34.7 34.8 34.9 35.0 35.3 35.5 35.7 36.0 36.1 36.3 127.4 127.3 127.8 128.2 127.9 128.2 128.9 129.3 130.2 131.1 131.6 132.4 1966 JAN... 1 FEB... I MAR. . . I APR. . . I MAY... I JUN... 1 JUL. . . 1 AUG... I SEP... I OCT... I NOV... I DEC... I 36.6 36.7 36.9 37.1 37.3 37.4 37.7 37.7 37.9 38.0 38.2 33.3 133.5 133.8 134.7 135.7 135.0 135.3 133.9 134.0 134.9 134.2 134.1 134.5 1963 1964 JAN... FES. . . MAR... APR. . . MAY... JUN... JUL... AUG. . . SEP. . . OCT. . . NOV. . . DEC... niTi * i i ! i 1 ! 1 1 ! I SMALL TIME DEPOSITS 1 TOTAL 19479 196.8 198.6 200.5 202.3 204.0 205.7 207.2 208.6 209.6 211.1 212.6 AT AT COMMERCIAL &ANJi£ 1 16.3 16.4 16.8 17.0 17.3 17.5 17.8 | 18.4 18.7 19.5 20.1 20.4 THRIFT LU£I£* 4.3 TOTAL 1 1 4.4 4.4 4.5 4.6 I 4.6 4.7 4.8 4.9 5.0 I 5.1 5.2 20.6 20.8 21.2 21.5 21.9 22.2 22.5 23.2 23.6 24.5 25.2 25.7 137.3 138.5 139.7 141.0 142.3 143.6 144.9 146.3 147.5 148.7 149.8 150.9 214.0 215.7 217.3 219.1 221.0 222.8 224.5 226.5 228.3 230.0 231.7 233.3 20.6 20.6 20.6 20.7 20.7 21.1 21.4 21.6 21.8 22.1 22.6 23.0 5.9 6.1 6.2 6.3 26.0 26.0 26.1 26.2 26.3 26.8 27.1 27.4 27.8 28.2 28.8 29.3 83.3 84.2 84.8 85.6 86.3 87.0 87.8 88.8 89.6 90.5 91.2 92.0 151.9 152.9 154.1 155.1 156.1 157.1 158.1 159.1 160.1 161.1 162.0 163.0 235.2 237.1 238.9 240.7 242.4 244.2 246.0 247.9 249.6 251.5 253.2 255.0 23.5 24.1 24.3 24.4 24.7 25.0 25.3 25.6 25.9 26.4 26.8 27.2 6.4 6.5 6.5 6.5 6.6 6.6 6.7 6.8 6.9 7.1 7.2 7.3 29.9 30.6 30.8 31.0 31.3 31.6 32.0 32.4 32.8 33.5 34.0 34.5 92.1 92.1 91.8 90.6 90.3 90.0 90.6 90.1 90.0 89.8 89.5 89.5 163.7 164.1 164.3 163.9 163.4 163.0 162.5 162.0 161.7 161.5 161.3 161.6 255.8 256.2 256.1 254.5 253.7 253.0 253.0 252.1 251.7 251.2 250.8 251.1 27.9 28.8 29.7 31.7 32.9 33.3 33.7 35.3 36.4 37.5 38.4 39.3 7.4 7.9 8.6 9.4 35.3 36.6 38.3 41.0 43.1 44.3 45.5 47.8 49.7 51.6 53.3 55.1 1 i ! I I I I ! 1 1 1 1 1 1 I 1 1 1 I 5.3 5.4 5.5 i 1 ! 5.5 5.6 5.6 ! 5.7 5.8 1 1 1 1 1 10.2 11.0 11.7 12.5 13.3 14.1 14.9 15.8 i 1 I 1 TABLE 2 COMPONENTS CF MONEY STOCK M E A S J K E S AND RELATEJ ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS 1 ■ • I CURRENCY /INGS DEMAND DEPOSITS MM£ 1 lb&Ii* J SMA^L T I M E D E P O S I T S AT AT THRIFT COMMERCIAL TOTAL 2Ati!lS. JL — l ^ I S ^ . 17.2 40.5 5777 j 59.9 18.5 1 41 . 4 61.2 19.0 42.2 63.0 19.6 43.3 20.3 65.0 44.6 45.7 1 66.9 21.1 68.9 21.9 47.0 70.7 22.7 48.1 72.7 23.5 49.2 74.4 50.0 24.3 75.8 50.6 25.2 78.1 26.5 51.6 TOTAL J 134.4 135.2 137.0 136.1 137.6 139.0 140.1 141.3 141.8 142.7 143.2 143.7 89.0 88.8 89. 0 89.6 90.2 90.8 91.4 91.9 92.2 92.o 93.2 93.6 161.5 161.4 162.3 163.3 164.2 164.9 165.9 166.6 167.2 167.8 167.9 167.3 250T5 250.2 251.3 252.9 254.4 255.8 257.2 258.5 259.5 260.5 261.U 261.4 144.6 145.0 145.7 146.3 147.7 149.0 149.8 150.7 151.2 152.3 153.9 154.9 93.o 93.7 93.9 94.0 94.0 94.1 94.0 94.2 94.4 94.7 95.1 95.6 167.1 166.6 167.4 167.8 168.0 168.2 168.3 168.7 169.4 169.8 169.9 170.7 260.7 260.4 261.3 261.8 262.0 262.3 262.3 262.9 263.8 264.5 265.0 266.3 52.6 53.7 54.2 54.9 55.9 57.0 53.2 59.7 61.3 62.7 63.5 64.5 23.2 29.5 29.7 30.1 30.7 31.5 32.4 33.2 33.9 34.9 35.9 36.6 80.8 83.2 83.9 85.1 86.7 88.4 90.7 92.9 95.2 97.6 99.4 101.1 43.6 43.9 44.1 44.1 44.4 44.7 44.9 45.2 45.3 45.6 46.0 46.1 156.3 156.6 157.2 157.6 157.7 158.2 155.0 157.7 157.3 158.3 158.6 158.6 95.4 95.2 9*.9 94.5 94.2 94.0 93.4 93.1 93.2 93.0 93.1 93.3 170.6 170.5 170.8 170.8 170.6 170.7 169.7 168.4 168.2 167.7 167.6 167.7 266.C 265.7 265.8 265.3 264.8 264.7 263.0 261.5 261.4 260.7 260.7 261.0 65.1 66.0 66.8 67.6 68.2 68.9 69.9 70.5 70.9 71.2 71.6 72.5 37.4 38.8 39.1 39.8 40.7 41.3 42.7 44.4 45.4 46.4 47.4 48.2 102.6 104.8 105.9 107.4 108.9 110.2 112.5 114.8 116.3 117.6 119.0 120.7 46.3 46.5 46.7 47.0 47.6 47.6 47.9 48.1 48.3 48.5 48.8 49.1 160.7 158.9 160.1 161.2 161.3 161.6 161.5 163.2 164.3 164.8 165.3 166.2 92.7 92,1 91.8 92.1 92.4 92.7 93.6 94.2 94.8 95.6 96.3 97.5 165.7 162.8 160.1 158.0 156.5 156.0 155.7 155.7 156.4 157.2 158.0 159.2 258.3 254.9 251.9 250.1 248.9 248.7 249.3 249.8 251.2 252.8 254.3 256.7 72.3 72.4 72.9 72.4 73.5 74.9 75.0 75.7 76.7 77.6 78.9 80.2 49.6 52.2 55.2 58.2 60.3 62.5 64.6 66.5 67.8 69.3 71.1 72.8 121.9 124.7 128.1 130.6 134.2 137.4 139.5 142.2 144.5 147.0 150.0 153.0 1967 JAN...I FEB... 1 MAR. . . 1 APR... t MAY... 1 JUN... 1 JUL... 1 AUG... 1 SEP... 1 OCT... 1 NOV... 1 DEC... I 38.5 38.7 38.8 38.9 38.9 39.0 39.4 39.6 39.6 39.9 40.1 40.4 1968 JAN...I FEB... 1 MAR... 1 APR... I MAY... 1 JUN... 1 JUL. . . j AUG... 1 SEP... I OCT... 1 NOV. . . I DEC. . . 1 40.6 40.7 41.1 41.3 41.5 41.8 42.1 42.3 42.7 42.8 43.2 - 4 3 . 5 1969 JAN... 1 FEB... 1 MAR... j APR... 1 MAY. . . I JUN... 1 JUL. . . i AUG... I SEP... 1 OCT. . . J NOV... j DEC. . . j 1970 JAN...1 FEB. . . 1 MAR... I APR... 1 MAY... I JUN. . . 1 JUL... 1 AUG. . . 1 SEP... 1 OCT... 1 NOV... 1 DEC... 1 DEPOSITS AT THRIFT AT COMMERCIAL "" J i I j I I ! TABLE 2 COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS SAmifci-flfiEQSIIi DEMAND DEPOSITS I CURRENCY 1971 1972 1973 1974 BANKS IlTTi JAN... I FEB. . . 1 MAR. . . I APR. . . 1 MAY. . . j J UN. . . I JUL. . . 1 AUG. . . 1 SEP... 1 OCT. . . 1 NOV. . . 1 DEC. . . i 49*74 49.7 50.0 50.3 50.7 50.9 51.5 51.7 52.0 52.2 52.3 52.6 JAN... 1 FEB. . . j MAR. . . j APR. . . ! MAY. . . 1 JUN. . . I JUL... I AUG. . . j SEP. . . I OCT. . . 1 NOV... 1 DEC... j 52.9 53.2 53.6 53.7 54.0 54.3 54.7 54.9 55.4 55.8 56.3 56.9 JAN... 1 FE3... 1 MAR... I APR. . . 1 MAY... I JUN. . . I JUL... i AUG. . . 1 SEP... ! OCT. . . 1 NOV. . . 1 DEC... J 57.2 57.5 57.9 58.4 58.8 59.3 59.5 59.8 60.3 60.6 61.0 61.6 195.6 195.8 195.2 195.6 197.4 199.1 199.3 199.3 198.8 199.6 200.9 202.5 JAN... 1 FEB. . . I MAR. . . 1 APR. . . I MAY... 1 JUN. . . I JUL... I AUG... 1 SEP... 1 OCT... ! NOV... I DEC. . . 1 62.0 62.6 63.2 63.7 64.2 64.6 64.9 65.5 66.0 66.6 67.3 67.8 203.1 203.9 204.3 204.3 204.5 205.4 205.3 205.4 205.8 206.3 207.1 207.4 168.3 170.0 17i.2 173.1 174.3 174.7 175.2 175.4 175.8 176.0 176.7 i 1 i 178.4 180.0 182.0 183.3 183.2 184.0 185.4 187.3 188.9 190.2 191.0 193.6 AT THRIFT AT COMMERCIAL ! 1 1 1 J TOTAL 96.7 97.5 99.2 98.6 99.4 100.5 102.7 104.0 105.5 106.8 108.0 109.3 97.4 99.6 101.7 103.7 106.1 108.4 110.9 113.4 116.0 118.7 121.1 123.2 194.1 197.1 200.8 202.4 205.5 208.9 213.5 217.4 221.5 225.4 229.1 232.6 318.3 319.1 319.5 320.1 321.1 322.6 323.2 321.1 320.0 320.6 321.2 322.2 111.4 111.8 112.0 112.9 114.3 115.3 115.0 117.0 115.2 114.3 116.3 117.7 125.7 127.9 129.1 130.8 133.3 135.4 137.0 139.2 141.9 144.0 146.5 148.7 323.0 323.5 324.6 325.5 325.5 326.3 327.5 327.2 327.7 329.4 331.3 333.9 118.6 119.6 121.5 121.3 121.5 121.7 121.6 122.5 123.4 124.3 125.4 124.2 150.6 152.4 154.1 155.3 156.5 157.9 159.2 160.1 161.2 162.1 163.2 164.8 177.7 179.2 180.3 181.7 182.6 183.7 185.2 187.1 189.0 190.6 192.0 193.4 290.7 293.8 296.0 298.2 299.4 301.5 304.0 307.0 310.1 312.7 314.8 317.0 124.0 124.0 123.8 123.9 124.6 125.3 125.7 125.0 125.2 125.7 126.5 127.0 194.3 195.1 195.7 196.2 196.5 197.3 197.5 196.1 194.8 194.9 194.7 195.2 127.6 123.1 128.7 '129.4 129.8 130.7 132.0 132.0 132.5 133.4 134.5 135.7 195.4 195.4 195.9 196.2 195.7 195.6 195.5 195.2 195.2 196.0 196.9 198.2 113.1 114.6 115.7 116.5 116.8 117.8 118.8 120.0 121.2 122.1 122.8 123.6 1 1 1 ! ! I 1 1 1 I 1 I ! 1 i I 1 1 1 1 I I 1 1 TOTAL 1 IiiSI^ 1 155.8 159.0 162.5 165.9 168.7 171.5 173.9 176.8 180.3 183.5 188.1 191.8 259~7l 262.8 266.6 270.8 274.1 276.1 278.2 280.0 281.8 283.7 285.5 287.5 1 AT THRIFT 74.4 75.9 77.5 79.1 80.5 82.2 84.2 86.2 88.4 90.9 93.5 96.2 160.4 162.2 163.7 166.0 168.2 169.7 171.2 172.3 173.2 174.1 175.0 175.8 98.8 100.6 102.9 104.8 105.8 106.4 107.0 107.7 108.6 109.6 110.5 111.7 AT COMMERCIAL BANKS 81.3 83.1 85.1 86.9 88.3 89.3 89.8 90.6 91.9 92.7 94.6 95.6 : 1 1 1 i 1 ! I 1 1 1 237.1 239.7 241.2 243.7 247.5 250.7 251.9 256.1 257.1 258.3 262.8 266.4 269.1 272.0 275.6 276.6 278.0 279.6 280.8 282.6 284.6 286.4 288.6 288.9 TABLE 2 COMPONENTS OF MONEY STOCK MEASURES ANO RELATED ITEMS SEASONALLY ADJUSTED, BILLIONS OF DOLLARS L-....._. SAVINGS DEPOSITS .., DEMAND DEPOSITS CURRENCY "1975 1976 JANTTT FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC. . . 6875 68.7 69.4 69.3 70.1 71.0 71.4 72.0 72.1 72.7 73.4 73.8 j SHALL. TIME DEPOSITS AT AT COMMERCIAL 336.5 339.7 344.1 349.3 354.5 361.6 366.3 369.4 372.7 376.0 379.5 383.9 AT I COMMERCIALI BANKS 1 125.0 I 126.6 | 129.1 | 131.2 I 132.9 | 134.8 | 137.3 1 138.7 | 139.6 I 140.5 I 142.0 I 143.9 I TOTAL AT THRIFT INSTS. 166.2 167.9 170.4 173.0 176.0 179.2 182.6 185.5 188.2 190.8 193.6 196.5 294.6 299.5 304.3 308.9 314.0 319.9 324.2 327.7 331.3 335.7 340.4 TOTAL 206.7 207.1 208.2 207.7 209.8 212.7 212.6 213.3 213.8 212. 7 214.8 214.1 136.8 138.2 140.4 142.9 145.3 149.2 151.5 152.5 154.0 155.2 157.3 160.1 THRIFT INSTS. 199.7 201.5 203.7 206.4 209.2 212.3 214.8 216.9 218.7 220.7 222.2 223.8 215.1 216.4 216.8 217.7 218.8 218.3 218.3 219.5 219.5 221.7 222.1 224.4 153.8 170.2 173.9 177.0 179.8 190.6 182.2 184.5 187.6 191.9 195.9 200.5 225.6 228.0 230.2 232.1 233.6 235.0 236.7 238.8 240.8 243.9 245.3 247.2 389.4 398.3 404.2 409.0 413.4 415.6 418.9 423.3 428.4 435.8 441.2 447.7 144.6 144.4 142 . 8 142.8 145.1 145.6 147.3 149.9 153.1 155.2 156.7 157.9 | | I | j j I | I I | | 199.6 202.9 206.2 210.0 213.7 216.9 220.0 223.3 227.1 230.9 234.6 238.7 344.2 347.3 349.0 352.8 358.8 362.5 367.2 373.2 380.2 386.1 391.3 396.6 29TT2 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG..-; SEP... OCT. . . NOV. . . DEC... 74.3 75.0 75.7 76.4 77.2 77.6 78.2 78.7 79.2 79.9 . 80.2 • 80.7 1977 JAN... FEB...! MAR... APR... MAY... JUN... JUL... AUG. . . SEP... OCT... NOV... DEC. . . 81.3 81.9 82.4 83.1 83.6 84.1 85.1 85.6 86.4 87.1 87.9 88.7 226.4 228.0 229.2 230.9 231.1 231.9 232.9 233.7 235.3 236.8 238.6 239.7 204.3 206.9 208.7 210.5 211.7 212.5 213.3 214.7 215.6 216.9 217.3 217.8 249.4 251.2 252.4 254.2 255.4 257.2 259.1 261.5 263.4 266.3 267.1 268.7 453.7 458.2 461.1 464.7 467.1 469.7 472.4 476.2 479.0 483.2 484.4 486.5 159.3 160.6 162.6 164.3 166.3 167.6 168.5 168.4 168.9 168.8 169.7 170.7 | j | | | I | | | t | | 242.4 246.0 249.7 253.4 257.2 261.2 265.0 269.0 273.0 276.8 281.1 284.2 401.8 406.6 412.3 417.7 423.4 428.8 433.4 437.3 441.9 445.6 450.8 454.9 1978 JAN... FEB... MAR... APR... MAY. . . JUN... JUL. . . AUG. . . SEP... 1 OCT... 1 NOV... DEC. . . 1 89.2 90.0 90.8 91.2 92.1 92.8 93.4 94.1 95.0 95.9 96.7 97.6 242.8 242.0 242.7 245.8 247.9 249.4 250.1 250.8 253.7 253.5 254.0 253.9 218.7 219.1 219.3 219.8 220.3 221.2 220.1 220.3 221.0 221.4 219.0 216.1 270.4 271.2 272.3 272.4 272.4 271.4 268.6 267.9 267.6 267.4 263.1 259.9 489.1 490.3 491.6 492.1 492.8 492.6 488.7 488.1 488.6 488.9 482.1 476.0 171.8 172.6 173.4 174.1 174.7 176.1 178.0 179.4 181.5 183.6 186.3 187.8 | | | | | | | | | | | | 285.6 287.7 290.8 294.1 297.2 303.1 310.4 316.3 322.1 328.7 338.1 346.0 457.4 460.3 464.2 468.2 471.9 479.2 488.3 495.7 503.6 512.3 524.5 533.8 I TABLE 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED) 1959 JAN.,. FEB... MAR... APR... MAY. . . JUN... JUL... AUG... SEP... OCT... NOV... DEC... AT COMMERCIAL BANKS 1.6 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.3 1.3 1.2 LAR^E TIME DEPOSITS AT THRIFT INSTITUTIONS J 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL _ SAVINGS BONDS __ i.5 1.5 1.5 1.5 1.5 1.5 1.4 1.4 1.3 1.3 1.2 47.6 47.5 47.4 47.3 47.1 46.9 46.8 46.6 46.4 46.3 46.1 SHORT-TERM TREASURY SECURITIES COMMERCIAL PAPER BANKERS ACCEPTANCES --— 33.2 33.5 34.1 34.9 35.8 37.3 38.4 38.9 39.3 39.3 3 8.7 -— 0.6 571 3.2 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 3.3 3.3 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.6 1960 JAN... FEB. . . MAR... APR... MAY... JUN. . . JUL... AUG... SEP... OCT... NOV... DEC... 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.5 1.6 1.7 1.9 2.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.3 1.3 1.3 1.3 1.4 1.4 1.5 1.6 1.7 1.9 2.0 45.9 <t5.8 45.8 45.7 45.7 45.6 45.6 45.6 45.6 45.6 45.7 45.7 39.2 39.6 39.5 39.3 38.8 39.0 39.0 37.8 38.1 37.9 37.2 36.8 0.6 0.6 0.7 0.7 0.6 0.6 0.7 0.8 0.8 0.8 0.8 0.8 3.9 4.1 4.3 4.4 4.5 4.7 4.8 4.9 4.9 5.0 5.1 5.1 1961 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 2.2 2.4 2.5 2.7 2.9 3.1 3.3 3.5 3.7 3.8 4.0 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.2 2.4 2.5 2.7 2.9 3.1 3.3 3.5 3.7 3.8 4.0 4.0 45.7 45.8 45.9 45.9 46.0 46.0 46.1 46.2 46.2 46.3 46.4 46.5 36.9 36.5 36.1 36.1 36.1 35.9 36.3 36.0 35.6 36.1 36.6 37.1 0.9 0.8 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.1 1.1 1.0 5.1 5.0 5.0 5.0 5.0 4.9 5.0 4.9 4.9 5.0 5.0 5.2 1962 JAN... FEB... MAR.•• APR... MAY... JUN..• JUL... AUG... SEP... OCT... NOV... DEC... 4.1 4.4 4.8 5.1 5.2 5.6 5.6 5.7 6.0 6.3 6.6 7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.1 4.4 4.8 5.1 5.2 5.6 5.6 5.7 6.0 6.3 6.6 7.1 46.5 46.6 46.6 46.6 46.6 46.6 46.7 46.8 46.8 46.8 46.8 46.9 37.5 37.1 37.6 38.1 38.2 38.6 38.7 39.1 38.9 37.7 39.2 39.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 1.0 0.9 1.0 5.4 5.5 5.6 5.6 5.7 5.9 6.0 6.2 6.6 6.7 6.8 6.8 4 I 1.0 I TABLE 3 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARSt SEASONALLY ADJUSTED) 1963 1964 1965 1966 JAN... FEB... MAR... APR... MAY. . . JUN. . . JUL. . . AUG... r SEP... OCT... NOV. . . DEC... AT COMMERCIAL BANKS 7.3 7.5 7.9 8.1 8.3 8.5 8.6 9.1 9.5 9.8 10.5 10.9 LARii£_LLM£_DEP_QS.lIS AT THRIFT | INSTITUTIONS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL ___ SAVINGS BONDS ---- SHORT-TERM TREASURY SECURITIES 1 BANKERS ACCEPTANCES COMMERCIAL PAPER ! I 7.5 7.9 a.i 8.3 8.5 8.6 9.1 9.5 9.8 10.5 10.9 47.1 47.3 47.4 47.4 47.5 47.6 47.7 47.8 47.9 48.0 48.1 3 976 40.2 40.0 39.4 39.5 39.3 39.1 40.1 41.0 40.3 40.6 40.7 _ 6.9 7.0 7.2 7.4 7.4 7.4 7.5 7.5 7.5 7.7 7.7 ^ 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.1 1.1 1.1 _ 1.0 _, . 1 | | | | | 1 | | | | | JAN... FEB... MAR. . . APR... MAY... JUN. • • JUL. . . AUG... SEP... OCT... NOV... DEC. . . 11.3 11.7 11.8 12.0 12.5 12.9 13.1 13.5 13.9 14.5 14.9 15.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.3 11.7 11.3 12.0 12.5 12.9 13.1 13.5 13.9 14.5 14.9 15.3 48.2 48.3 48.4 48.4 48.5 48.6 48.6 48.7 48.8 48.8 48.9 49.0 40.4 40.0 40.0 40.4 40.5 40.7 39.8 38.6 39.3 39.3 38.9 38.5 1.1 1.1 1.1 1.1 1.1 1.2 1.2 1.1 1.1 1.2 1.2 1.2 7.7 8.0 8.0 7.8 8.1 8.3 8.5 8.7 6.7 8.9 9.0 9.1 1 | | | | | | | | | JAN... FEB. . . MAR. . . APR... MAY... JUN... JUL. . . AUG... SEP... OCT. . . NOV... DEC... 16.0 16.3 16.6 17.0 17.4 17.9 I*.* 19.1 19.8 20.6 20.9 21.3 0.0 0.0 0.0 0.0 0.0 49.1 49.2 49.2 49.3 49.3 49.4 49.5 49.5 49.5 49.5 49.6 49.7 38.0 38.0 38.5 39.0 39.6 40.3 40*8 40.7 40.4 40.2 40.6 40.7 1.2 1.2 1.3 1.4 1.4 9.2 9.1 9.2 9.4 9.7 I | 1 1 1 IO'.O 10.2 10.2 10.3 10.4 10.2 1 0.0 0.0 0.0 16.0 16.3 16.6 17.0 17.4 17.9 18.4 19.1 19.8 20.6 20.9 21.3 JAN... FEB..* MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 21.4 21.4 21.8 22.9 23.6 24.0 25.0 24.9 24.9 23.7 22.7 23*2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0-0 21.4 21.4 21.8 22.9 23.6 24.0 25.0 24.9 24.9 23.7 22.7 23.2 49.7 49.7 49.7 49.8 49.8 49.9 50.0 50.0 50.0 50.1 50.1 50.2 41.4 41.6 41.3 41.6 42.1 42.0 41.2 40.2 40.4 42.3 43.7 43.2 10.3 10.5 10.8 11.2 11.4 11.4 11.8 12.5 12.7 12.8 13.6 14*4 | | I | | | I | | | | t t 1 1 1 o.o 0.0 o.o o.o I lit 1.4 1.4 1.4 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.4 1.6 1.7 1.7 1.7 1.6 1.6 1 1 1 1 1 1 1 | 1 | | j TABLE 3 COMPONENTS OF MONEY STOtK MEASURES AND LIQUIO ASSETS (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED) 1 LARUE TIME DEPOSITS AT^-: THRIFT INSTITUTIONS 0.0 0.0 0.0 | 0.0 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 J . 1967 1963 AT COMMERCIAL BANKS L_ JAN...| 25.3 FEB**.! 27.1 28.0 MAR.. . * ! 28.2 APR*«*i 28.3 MAY*..! 28.9 JUN---I 29.1 JUL...! AyG»•.| 29*5 30.1 SEP...! 30.0 OCT...I 30.7 NOV. . . J DEC...! 31.1 1 1 30.7 JAN...] 30.9 F€B*..l 31.3 MAR...I APR...! 30.8 MAY...! 30.6 JUN...I 30.4 31.7 JUL...I AUG...I 32.9 33.7 SEP...1 35.0 OCT...! NOV...! 36.3 DEC...I 37.6 TOTAL _ _ 27.1 28.0 28.2 28.3 28.9 29.1 29.5 30.1 30.0 30.7 31.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 30.7 30.9 31.3 30.8 30.6 30.4 31.7 32.9 33.7 35.0 36.3 37.6 JUW*! JUL...I AUG...! 5£?...i OCT...1 N0V...I DEC...I 35.9 34.3 33.1 32.8 32.0 30#8 27.8 24.8 23.7 22.4 21.3 20.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35.9 34.3 33.1 32.8 32.0 30#8 27*8 24.8 23.7 22.4 21.3 20.4 JAM...! *m++.\ IHpfe* • . 1 APR...I MAY...! JUN...I JUL...I Ai!G. . . I j|fr...l OCTi..» NOV...I DEC...I 19.5 19.1 20.3 24.1 24.7 24.5 30.2 33.8 37.5 40.1 41.9 44.4 0.0 0.1 0.2 0.2 0.3 0.3 0.4 0.5 0.5 0.6 0.7 0.7 19.6 19.2 20.5 24.3 25.0 24.8 30.6 34.3 38.1 40.7 42.6 45.1 I SHORT-TERM TREASURY SECURITIES SAVINGS BONDS 1 1 \ 1 1 1 COMMERCIAL PAPER I TiTT 15.5 I 16.0 16.5 16.8 17.1 17.0 17.0 17.1 17*2 17.2 17.8 50.2 50.3 50.4 50.5 50.6 50.6 50.7 50.8 50-9 51.0 51.1 51.2 _4 0 -. 4 51.2 51.3 51.3 51.4 51.4 51.5 51.5 51.6 51.6 51.7 51.8 51.8 40.0 40.9 41.7 43.5 45.0 45.8 46.5 46.8 47.1 47.5 46.6 46.1 1.8 1.9 1.9 1.9 2.1 2.0 1.9 1.9 1.9 2.1 2.2 2.2 51.8 51.8 51.8 51.8 51.8 51.8 51.8 51.7 51.7 51.7 51.7 51.7 48.0 50.0 52.0 53.5 53.5 53-6 53.5 54.8 56.6 56.9 57.9 59.5 2.3 2.4 2.4 2.4 2.4 2-6 2.8 2.9 3.1 3.2 3.2 3.2 22.7 23.2 23.9 24.6 25.2 26-5 28.0 29.4 30.6 31.9 33.2 34.0 51.7 51.7 51.6 51.6 51.6 51.6 51.6 51.7 51.7 51.8 51.9 52.0 60.3 60.5 60.0 58.8 56.9 57.5 57.7 56.8 54.6 53.7 51.8 49.2 3.2 3.2 3.3 3.3 3.4 3.5 3.5 3.3 3.1 3.1 3.1 3.3 35.0 36.1 37.4 38.5 39.5 39.9 38.7 37.8 36.9 35.7 34.9 34.5 39.7 38.7 37.3 36.2 35.7 36.4 37.0 37.6 38.3 38.7 - BANKERS ACCEPTANCES I i 1.6 1.6 1.6 1*6 1.7 1-8 1.8 1-7 1.7 1.7 1.7 1.7 ! | | | | \ 18.5 18.5 18.7 18.5 18.3 19.3 20.0 20.6 21.3 21.5 21.9 22.5 i 1969 1 JAN...1 F«B*.«I MAR...I APR...1 MAY*..1 i 1970 1 1 ' ! 1 ! ! ! 1 1 1 1 1 1 1 1 1 ! 1 ! ! 1 I ! 1 1 I I I 1 1 t 1 I 1 \ [ TABLE 3 COMPONENTS OH 40NEY STOCK .MEASURES ANO L I Q U I D ASSETS ( B I L L I O N S OF JOLLAKS, SEASONALLY AOJUSTEDr 1971 1972 1973 1974 JAN...1 FEB... MAR...! APR... MAY...J JUN... JUL...I AUG... SEP...I OCT... NOV...I DEC..., AT COMMERCIAL BANKS 47.1 48.8 50.1 48.3 48.1 49.4 50.8 50.4 51.3 53.3 54.1 56.1 JAN... FE3. .. MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 57.1 57.8 57.4 59.2 61.5 63.1 63.6 65.0 66.4 66.8 69.2 70.7 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 71.8 76.7 84.7 87.8 89.2 90.2 94.7 100.5 106.3 107.0 106.9 107.4 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 111.0 114.5 116.1 122.7 127.7 132.1 135.1 136.0 137.5 137.3 136.4 138.8 LARGE TIME DEPOSITS AT THRIFT INSTITUTIONS ! 0.8 0.8 0.9 i 1.0 1.0 1.1 1.2 1.2 1.3 1.3 1.4 1.5 : 1.5 1.6 1.7 1.8 1.8 1.9 2.0 2.1 2.2 2.2 2.3 2.4 2.5 2.5 2.6 2.7 2.8 2.9 2.9 }.0 af 1 1 1*2 if 3 S.5 1 1 1 3,6 3,8 3.9 4.0 4.1 4.1 4.| 4.1 4.4 1 1 4.j» 4.9 I 5.2 SHORT-TERM TREASURY SECURITIES I SAVINGS BONOS TOTAL __ 52.2 52.5 52.6 52.9 53.1 53.2 53.4 53.6 53.9 54.1 54.3 4 — 45.2 42.8 42.0 39.4 40.0 42.0 41.6 39.4 37.8 36.6 36.2 58.6 59.4 59.1 61.0 63.3 65.0 65.6 67.1 68.6 69.0 71.5 73.0 54.5 54.8 55.1 55.3 55.6 55.9 56.1 56.4 56.6 56.9 57.2 57.5 36.1 35*9 36.5 36.7 36.6 36.8 35.6 35.8 36.5 37.6 39.5 40.9 74.3 79.2 87.3 90.5 92.0 93.0 97.6 103.5 109.4 110.2 110.2 110.9 57.8 58.1 58.5 58.8 59.0 59.3 59.5 59.7 59.8 59.9 60.2 60.4 41.5 42.5 43.4 45.0 46.0 47.2 47.3 48.4 49.6 49.4 49.3 49.8 60.5 60.7 61.0 61.3 61.5 61.7 62.0 62.1 62.4 62.7 63.0 63.2 49.9 50.4 52.0 53.5 52.5 52.2 51.4 51.5 53.4 54-4 53.5 53.4 4779 49.6 51.0 49.3 49.2 50.5 51.9 51.6 52.6 54.6 55.6 57.6 114.6 118.3 120.0 126.7 131.3 136.2 139.3 140.3 141.9 141.9 141.4 144.0 1 1 1 1 1 1 1 I COMMERCIAL PAPER BANKERS ACCEPTANCES _ 5 3.3 3.3 3.5 3.6 3*8 3.9 4.2 -_ I 4*.5 4*0 3.8 3,5 3.6 4.0 1 33.1 33.0 33.3 33.7 33.6 34.3 34.9 34.9 34.6 4.0 3.9 3.7 1 1 1 3.4 3.2 3.1 3.1 3.2 I 33.6 33.0 32.6 32.4 31.8 31.4 31.7 32.1 32.5 32.5 32.7 3.3 34-, 8 35. Q 3.3 35.2 3.3 3.3 3.4 35.5 34.9 34.3 34.3 35.0 36.0 36.0 36.8 38.0 39.5 41.4 41.9 I \ 3.4 3*4 1 1 3.7 3.9 4,1 1 1 I 4.4 4.7 4.7 4.7 1 1 1 1 1 1 I 1 I 4.9 5.1 5.2 5.5 6.2 7.3 8.9 10.0 9.9 9.9 10.2 10.7 1 43.5 45.5 45.4 44.8 45.3 45 . 8 45.6 47.3 49.2 50.0 50.4 50.1 TABLE 3 COMPONENTS OF MONEY STOCK MEASURES ANO LIQUID ASSETS (BILLIONS OF DOLLARS* SEASONALLY ADJUSTED) 1975 JAM... FEB... MAR.*. APR.,. MAY, ,. JUN... JUL... AUG. .. SEP... OCT... NOV... DEC... AT COMMERCIAL BANKS 140.9 139.4 136.5 131.7 128.7 126.7 124.5 122.3 123.1 123.9 125.0 123.4 LARGE TIME DEPOSITS AT THRIFT INSTITUTIONS 5.5 1 5.8 6.0 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.1 6.2 146.3 145.1 142.5 137.9 134.8 132.8 130.5 128.3 129.2 130.0 131.2 129.6 SHORT-TERM TREASURY SECURITIES SAVINGS BONDS TOTAL | 63.6 63.9 64.2 64.5 64.9 65.2 65.5 65.8 66.2 66.8 66.9 67.3 I 1 BANKERS ACCEPTANCES 54.2 55.0 55.7 57.4 59.3 61.3 62.7 64.7 67.2 70.0 73.9 76.8 11.0 10.4 10.2 10.2 9.9 9.6 8.9 8.5 8.5 8.7 8.7 8.5 COMMERCIAL PAPER j _ 1 I I 1 _-_ 50.8 50.7 50.9 50.8 49.8 48.8 49.6 49.3 48.8 48.5 48.1 1976 JAN... FEB... MAR. .. APR... MAY... JUN... JUL... AUG.• . | SEP... O C T . .. NOV... DEC... 120.8 117.9 118.9 118.8 114.9 118.4 119.3 115.6 113.7 111.3 110.3 110.2 6.4 6.5 6.5 6.4 6.3 6.3 6.6 6.9 7.1 7.3 7.6 7.8 127.2 124.4 125.4 125.2 121.2 124.7 125.9 122.5 120.8 118.6 117.8 118.0 67.6 68.0 68.3 68.7 69.1 69.4 69.6 70.1 70.8 71.7 71.5 71.8 77.1 77.5 78.3 79.5 79.6 80.7 81.3 81.5 82.9 82.3 81.4 80.7 8.5 8.8 8.9 8.8 9.0 9.0 9.2 9.3 9.0 9.0 9.1 9.0 48.0 48.3 48.8 49.0 49.2 49.7 50.1 50.5 50.2 5 0.1 50.7 51.8 1977 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 109.8 110.5 110.6 110.6 110.9 114.4 117.3 120.2 122.6 126.4 131.2 135.0 7.8 7.8 7.9 8.1 8.4 8.5 8.8 9.1 9.3 9.5 9.8 10.2 117.6 118.3 118.5 118.7 119.2 123.0 126.2 129.3 131.9 135.9 141.0 145.2 72.2 72.6 73.0 73.4 73.8 74.1 74.3 74.6 75.3 76.7 76.3 76.6 78.9 80.6 81.7 82.5 82.9 82.6 83.4 85.2 88.6 87.3 87.1 89.5 9.9 10.5 10.6 10.7 10.9 11.2 11.2 11.4 11.7 11.9 12.1 12.3 52.3 52.7 53.5 54.7 55.7 57.5 58.2 59.0 60.0 61.5 62.3 63.1 1978 JAN... FEB... MAR... APR... MAY... JUN... JUL.•• AyG.•• SEP... OCT... NOV... \ DEC... 138.1 142.0 146.8 151.6 156.1 159.5 162.8 165*7 168.1 168.4 176.3 178.5 10.7 11.3 11.8 12.5 13.1 13.3 13.7 14.2 14.7 15.1 15.6 16.2 148.8 153.2 158.6 164.0 169-2 172.8 176.5 1*9.8182.8 183.4 191.9 194.7 13.0 13.8 14.4 15.0 15.4 15.9 16.6 17*0 17.1 17.7 20.4 22.6 64.6 65.2 65.9 67.6 69.1 70.2 71.2 72.1 73.3 75-0 76.8 79.4 1 I I I 1 1 1 I 1 I 1 77.0 77.4 77.8 78.2 78.7 78.8 78.6 78.9" 79.8 81.5 80.4 80.7 1 1 1 1 1 89.1 89.9 91.5 92.4 93.8 94.5 94.2 94.9 100.0 96.3 94.3 98.7 ! 1 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 1 1 TABLE 4 COMPONENTS OF MONEY STOCK MEASURES ANO LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) DEMAND DEPOSITS AT MEMBER BANKS CURRENCY 1959 1960 1961 1962 2a7Z AT DOMESTIC NONMEMBER BANKS —- j AT FOREIGN RELATED BANKING OFFICES OTHER CHECKABLE AT COMMERCIAL BANKS 28.4 28.5 28.5 28.7 28.9 29.1 29.1 29.1 29.0 29.2 29.5 94.6 92.3 91.6 92.6 91.5 91.9 92.2 91.8 91.3 92.0 92.6 94.0 18.7 18.4 18.7 18.4 18.5 18.8 18.9 19.3 19.5 19.8 19.9 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 28.9 28.6 28.7 28.8 28.8 28.9 29.1 29.1 29.1 29.1 29.3 29.6 94.3 91.6 90.7 91.6 89.8 90.0 90.5 91.0 91.9 92.2 92.8 94.5 20.0 19.4 19.0 19.1 18.8 18.8 18.9 19.1 19.3 19.7 20.0 20.2 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN... FEB... MAR. . . APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 28.8 28.6 28.6 28.7 28.7 28.9 29.2 29.2 29.3 29.4 29.7 30.2 95.0 92.9 92.3 93.8 92.3 92.7 92.7 92.5 93.7 94.6 95.6 97.7 20.4 19.9 19.4 19.7 19.4 19.4 19.5 19.5 19.9 20.3 20.9 21.2 1.0 1.0 1.0 1.0 1.0 1.1 1.0 1.0 1.0 0.9 1.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN... FEB... MAR... APR. .. MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 29.5 29.4 29.5 29.7 29.7 30.0 30.3 30.3 30.3 30.4 30.8 31.2 97.8 95.1 94.1 95.6 93.8 94.0 93.8 93.3 94.0 95.1 96.1 98.4 21.6 21.1 20.9 21.3 20.8 20.7 20.8 20.7 21.1 21.5 22.0 22.2 1.0 1.0 1.0 1.0 1.0 1.1 1.0 1.0 1.0 1.0 1.0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 OVERNIGHT J TOTAL RP»S J GROSS NET | o To 0.0 0.0 0.0 0.0 "j | | 0.0 0.0 0.0 I 1 1 Llfcl-IH£ U.S. 1 JAN... FEB... MAR...I APR... MAY... JUN... JUL... AUG. .. SEP... OCT... NOV... DEC. .. " DEPOSITS AT THRIFT INST oTo 0.0 " 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.c 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 : i 1 oTo " 0.0 0.0 0.0 j 0.0 I 0.0 0.0 0.0 0.0 0.0 0.0 0.0 j | j 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 I 1 1 i 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 | | j 0.0 o.o | t 0.0 0.0 0.0 0.0 | | | 1 0.0 0.0 0.0 0.0 0.0 0.0 | | | | I 1 o.o i 0.0 0.0 0.0 0.0 0.0 1 2 ! I f 1 0.0 0.0 0.0 0.0 | | | I 1 I 1 1 1 1 0.0 0.0 0.0 0.0 0.0 0.0 I I 1 I | | 1 0.0 0.0 1 ! | | 0.0 J 1 o.o i 1 0.0 1 h o.o j 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 | | I | I I I | TABLE 4 COMPONENTS OF HONEY STOCK MEASURES ANO LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) DEMAND D E P O S I T S 1 CURRENCY 196 3 AT MEMBER BANKS | OTHER CHECKABLE DEPOSITS AT AT ! AT ! FOREIGN 1 AT THRIFT COMMERCIAL r TOTAL DOMESTIC RELATED INST NONMEMBER BANKS BANKING I OFFICES BANKS IN T H E . U . S . 22.6 ~" 1.0 bTo 0.9 0.0 0.0 22.0 0.0 0.0 0.0 0.0 21.8 1.0 0.1 0.0 \ 22.1 0.9 0.1 0.1 0.1 0.0 21.8 1.0 0.1 0.1 0.0 21.8 1.0 0.1 0.0 0.1 22.1 1.0 0.1 0.1 0.9 0.0 22.0 22.5 0.1 0.1 0.0 I 0.9 0.1 0.1 22*9 0.9 0.0 23.4 0.9 0.0 0.0 0.0 0.0 0.0 0.9 23.7 o7o oTo J A N . . . . "" F5B*„ . MAR... APR*,. MAY*.. i JUN..* 1 JUL... AUG..« SEP... OCT... NOV... DEC... 30.5 30.5 30.7 30.9 31.0 31.4 31.8 31.9 32.0 32.1 32-. 6 33.1 98.9 96.2 95.3 97.1 95.0 95.4 95.9 95.5 96.6 97.9 99.2 100.8 1964 JAN..* 1 FEB*. . MAR... APR. • • MAY... 1 JU«U \ JUL... AUG... SEP*.* OCT... NOV... DEC... 32.4 32.3 32.6 32.8 33.1 33.4 33.7 33*9 33.9 34.1 34.6 35.0 101.7 98.5 97.7 99.3 96.8 97.6 98.4 98.1 99.8 101.0 101.9 104.3 23.9 23.1 22.8 23.2 22.7 22.9 23.3 23.3 23.9 24. 5 24.9 25.4 0.9 0.9 0.9 1.0 1.0 1.0 1.1 1.1 1.1 1.1 1.2 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0*0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1965 JAN... FEB... MAR.•• AW t . • . MAY... ! JUN... JUL... AUS... SEP... OCT... N O V . . . |1 DEC... 34.4 34.2 34.4 34.5 34.6 3***^ 35.4 $5.5 35*7 36.0 36.5 37*1 105.0 101.1 100.8 102.9 99.5 100.8 101.2 100. 5 102.5 104.1 104.9 108.1 25.7 24.8 24.6 25.0 24.4 24.6 25.0 24.9 25.7 26.2 26.8 27.4 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.1 1.1 1.1 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0, 0.0 0.1 0.1 0.1 JAN... FEB.•• MAR... i APR... M^iV* * • i JUN... JUL*.. AUG... SEP.** OCT... NOV*.. DEC... 36.5 36*4 36.5 36.8 37.0 37.3 37.8 37.8 37.9 38.1 38.5 39.1 109.3 105.2 105.2 108.1 I 103.9 105.5 ' 103.9 103.2 1 105.5 105.7 106. 2 109.3 | 27.9 26.8 26.6 27.2 26.5 26.7 27.0 26.7 27.2 27.4 27.9 28.3 1.2 1.3 1.3 1.3 1.5 1.5 1.5 1.5 1.4 1.4 1.3 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1964 1 j \ I GROSS NET 575 oTo o.o 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.5 0.5 o.i I " OVERNIGHT RP«S 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0-0 0.0 o.o j 1 | \ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TABLE 4 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS I BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED! J2J JJAiiQ_QE£Q£i: L S L — } CURRENCY 1967 1968 1969 1970 JAN... I FEB... 1 MAR... 1 APR... ) MAY... 1 JUN... 1 JUL... 1 AUG... 1 SEP... t OCT... I NOV... J DEC... 1 38.3 38.5 38.6 36.8 39.2 39.6 39.6 39.7 40.0 40.5 41,2 JAN... I FEB... I MAR... I APR... 1 MAY. . . { JUN... I JUL.•• \ AUG... 1 SEP... i OCT... J NOV. . . ( DEC. . . i 40.5 40.3 40.7 41.0 41.3 41.8 42.3 42.5 42.6 42.8 43.6 44.3 JAN... J FEB. . . I MAR... J APR... I MAY... i JUN... 1 JUL... 1 AUG... I SEP... I OCT... 1 NOV... 1 DEC... I 43.5 43.4 43.7 43.8 44.2 44.7 45.2 45.4 45.3 45.6 46.4 46.9 JAN... 1 FEB... 1 MAR... I APR... ) MAY... I JUN... I JUL... I AUG... 1 SEP... f OCT... I NOV. • • ) DEC... I 46.1 45.9 46.3 46.6 47.3 47.7 48.3 48.3 48.2 48.5 49.2 50.0 i iiBTiT I _ | I I i 1 I I I 117.5 112.8 112.9 115.7 112.9 115.2 115.9 115.5 116.9 118.5 120.2 124.0 125.4 120.0 120.1 123.0 118.9 120.4 120.4 118.4 119.5 120.5 121.1 124.2 1 1 1 1 1 1 1 1 IflI.HEl...(itifXiiAiLJEJQiJ ioiiiiJZ _ J AT 1 AT AT AT FOREIGN RELATED ! COMMERCIAL DOMESTIC MEMBER i BANKING BANKS BANKS NONMEMBER OFFICES I BANKS L—. „ JJLtL.Id£JJjJi^ 1.2 28,5 _.__ »._ 27.5 11 00 59 .. 75 0.0 1.2 27.3 0.0 107.0 1.1 1 27.7 108.3 0*0 1.2 27.2 106.0 0.0 1.3 i.3 108.5 0.0 27.6 1.3 28.1 109.3 0.0 28.1 109.1 0.0 1.3 S 1.3 | 110.9 0.0 28.8 1.3 29.3 112.5 0.0 0.0 * 29.8 113.4 1.3 1 1.3 30.5 116.6 0.0 125.9 118.8 120.0 123.2 119.4 121.0 121.1 121*0 122.7 123.3 124.1 128.0 I i 1 1 1 i ! 1 ! 1 1 1 30.8 29.5 29.4 30.2 29.8 30.3 30.9 30.9 31.7 32,2 33.0 33.9 1.4 1.5 1.6 1.6 1.8 2.0 1.8 1.6 1.8 1.9 1.9 1.8 34.4 33.1 33.1 34.1 33.3 34.1 34.5 34.2 35.0 35.4 36.0 36.8 37.3 35.3 35.2 36.3 35.4 35.6 36.1 36.0 36.7 37.2 37.8' 38.8 j 1 ! 1 1 I I 1 I ! 1 1 1 i AT THRIFT INST _. 0.1 0.1 O.I 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.8 2.0 2.1 1.7 2.0 2.1 2.3 2.4 2.5 2.5 2.6 2.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 t i I 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0,1 0.1 0.1 2.7 3.1 3.1 3.0 3.2 3.5 3.6 3.6 4,1 4.4 4.6 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I 1 1 1 1 1 1 i i I i 1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 ! : j ! 1 1 i I I i i i \ 1 1 1 i TOTAL _„ j | _ _ 0.1 o.i 0.1 0.1 0.1 0.1 0.1 0.1 O.i 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 ! 1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 ; o.i ! i 1 1 0.1 0.1 0.1 0.1 1 1 I ! 1 i i I i ( J ! 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 i aiJL.£EHS 1 _- 1)76 i i 1 | 1 1 \ 1 ( 1 t I 1 1 1 | I ! NET GROSS 0.6 0.7 0.7 0.7 0.8 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.6 ~~ " o76 S ( 1 1 0.6 0.7 0.7 0.7 0.8 0.8 0.9 0.9 1.0 1.0 1.1 ! j 1 I 1.1 1.2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.6 1.6 1.7 1.7 1.7 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.2 2.5 1.7 1.7 1.7 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.2 2.5 2.0 2.3 2.4 2.1 2.4 2.1 1.5 1.4 1.3 1.3 1.5 1.4 2.0 2.3 2.4 2.1 2.4 2.1 1.5 1.4 1.3 1.3 1.5 1.4 1 1 i 1 \ I 1 1 TABLE 4 COMPONENTS OF MONEY STOCK MEASURES AND L i t f U I D ASSETS ( B I L L I O N S CF DOLLARS. NOT SEASONALLY ADJUSTED) -J. 1972 1973 49.1 49.5 50.1 50.5 51.0 51.9 51.9 51.9 52.2 52.7 53.5 128.7 123.9 125.1 128.5 126.1 128.3 128.5 127.5 128.7 128.7 130.0 134.6 39.3 37.8 38.0 39.2 38.7 39.6 40.3 40.2 40.9 41.6 42.5 43.6 JAN... FEB... HAH... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC. . . 52.5 52.6 53.1 53.5 53.9 54.4 55.1 55.1 55.3 55.7 56.7 57.9 135.5 130.3 133.6 138.0 133.9 136.2 137.4 137.0 138.8 139.7 141.4 146.6 44.0 42.6 43.2 44.6 43.8 44.9 45.9 46.2 47.3 48.2 49.1 50.7 4.2 4.6 3. 1 2.2 1.9 1.7 1.9 1.5 1.6 1.9 1.8 2.2 JAN... MAR... APR . . • MAY... 1 JUN... JUL... AUG... SEP... OCT... NOV... DEC.•. 56.8 56.8 57.4 58.3 58.7 59.4 60.0 60.0 60.1 60.4 61.5 62.7 147.5 141.0 140. 7 143.8 140.3 143.4 143. 3 142.3 142.4 143.5 145.2 149.9 50.9 49.1 49.4 50.9 50.4 51.8 52.6 52.0 52.6 53.0 54.3 55.8 JAW... FEB... MAR.•• APR... MAY*.. JUN... JUL... AUG... SEP... OCT*.. WN... DEC. . . 61.6 61.9 62*7 63*5 64.1 64.8 65.3 65.7 65.8 66.4 67.9 69.0 148.9 143.4 144.4 147.1 142. 4 144.7 145.5 144.1 144. 9 145. 4 147.3 150.8 56.1 53.9 53.9 55.5 54.1 55.4 55.7 55.3 55.8 56.3 56.8 58.0 tea... 1974 J JAN... FEB... MAR.., APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... CURRENCY 1971 QE.MANP. PEPQSITS AT FOREIGN RELATED BANKING OFFICES I N THE U . S . 4.4 4.6 4.9 4.9 4.7 5.0 5.3 4.7 4.9 5.3 4.7 3.9 AT MEMBER BANKS __ . 4 I AT DOMESTIC NONMEMBER BANKS ilTHER CHECKABLE DEPOSITS AT THRIFT INST AT COMMERCIAL BANKS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o7i 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2.6 2.8 2.6 2.4 2.6 3.0 3.4 2.5 2.6 2.7 2.9 3.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0. 0.0 0.0 I I I 3.3 3.2 3.5 3.6 3.8 4.5 4.6 3.8 3.8 4*4 4.T 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 5*1 o.o 1 1 1 1 1 \ QVERNlfiHT R.P"S NET GROSS TOTAL oTT 0.1 1 J _ __ 1.5 1.6 2.0 2.3 1.9 2.0 2.1 2.1 2.2 2.8 2.5 1.5 1.6 2.0 2.3 1.9 2.0 2.1 2.1 2.2 2.7 2.5 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2.1 2.5 2.7 2.9 2.9 3.2 3.4 3.4 2.9 3.0 3.4 3.1 2.1 2.5 2.7 2.9 2.9 3.2 3.4 3.4 2.9 3.0 3.4 3.1 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 3.4 4.3 4.4 4.3 4.4 5.1 6.0 6.2 6.8 7.4 7.5 6.8 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 6.7 7.6 8.1 7.8 8.4 8.8 8.7 9.1 9.0 8.3 8.7 7.3 I 1 1 1 1 t 1 1 \ ! I I I 1 1 1 1 1 1 I 1 3.4 4.3 4.4 4.3 4.4 5.1 6.0 6.2 6.8 7.4 7.5 6.8 6.7 7.6 8.1 7.8 8.4 8.8 8.7 9.1 8.9 8.2 8.6 7.2 TABLE 4 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT^StASONALLY ADJUSTED) ? i 1 i I 1975 1976 1977 1978 .... - 1 CURRENCY DJ^AMLJEP-QSIIS - ■ ' ■ ■ ■ AT MEMBER BANKS ~149.8 143.7 145.7 149.1 146.0 150.4 151.0 149.3 150.3 149.6 152.0 155.1 ' AT DOMESTIC NONMEMBER BANKS 57.6 55.2 55.5 57.0 56.2 58.5 59.0 58.6 59.3 59.8 60.9 62.1 QHiEjI_CH£CKABL£_J3£P_aS I T S AT FOREIGN RELATED BANKING OFFICES I.N THE U . S . I 4.4 4.3 3.9 3.7 3.2 3.0 3.0 3.1 3.1 3.6 3.7 3.6 JAN... I FEB. . . I MAR... I APR... 1 MAY... I JUN... 1 JUL... 1 AUG... 1 SEP... 1 OCT... 1 NOV... I OEC... 1 677*j 67.8 68.8 69.1 70.0 71.2 71.9 72.1 71.9 72.5 73.9 75.1 JAN... J FEB... 1 MAR... I APR... I MAY. . . 1 JUN... 1 JUL. . . I AUG... I SEP... 1 OCT... 1 NOV... 1 DEC... 1 73.7 74.1 75.1 76.3 77.1 77.8 78.7 78.9 79.0 79.6 80.8 82.1 155.2 149.0 149.5 154.9 150.0; 152.1 152.9 151.6 151.7 154.5 155.0 161.0 61.6 59.4 59.8 61.9 60.6 62.0 62.6 62.3 63.3 64.3 65.2 66.8 3.2 3.3 3.6 3.2 3.6 3.4 3.5 3.3 3.6 3.6 3.7 3.5 JAN...1 FEB... 1 MAR. . . 1 APR... 1 MAY... 1 JUN... 1 JUL... I AUG... 1 SEP... 1 OCT... I NOV... I DEC... 1 80.7 80.9 81.7 82.9 83.5 84.3 85.7 85.8 86.2 87.0 88.5 90.3 160.0 153.6 155.1 160.8 154.7 157.7 159.4 158.0 159.5 161.9 162.2 167.3 67.2 64.8 65.8 69.3 67.7 69.6 70.0 69.0 70.6 71.5 73.1 75.3 4.3 4.1 3.9 3.8 3.8 3.8 4.4 4.6 4.7 4.9 4.9 4.4 JAN... 1 FEB... I MAR... I APR... I MAY... 1 JUN... 1 JUL... 1 AUG... I SEP... I OCT... 1 NOV... I DEC... [ 88.6 88.9 89.9 90.9 91.9 92.9 94.0 94.3 94.9 95.7 97.4 99.4 167.8 158.5 160.1 167.1 162.7 165.8 168.0 166.3 168.1 169.1 167.8 171.5 75.5 72.8 73.2 77.0 75.4 77.9 78.7 78.0 80.* 81.3 83.0 84.8 4.5 4.7 4.3 4.9 4.5 4.8 4.6 4.5 5.0 4.9 4.9 5.2 1 I 1 1 1 I \ 1 AT COMMERCIAL BANKS AT THRIFT INST oTT b74 0.1 0.1 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 | | 0.4 0.4 0.5 0.6 0.7 0.8 0.9 0.9 1.0 1.1 1.2 1.3 1.4 1.4 1.5 1.5 1.4 1.5 1.6 1.6 1.7 1.8 1.8 1.9 1.9 1.9 2.0 2.1 2.0 2.1 2.1 2.2 2.3 2.3 3.6 5.3 1 1 1 1 1 ■ ■ - - " ■ - - * ■ - ■ - JL ■ V bTi J 0.7 0.8 0.8 0.9 0.9 0.9 1.0 1.1 1.2 1.3 1.3 1.4 1.1 1.2 1.3 1.5 1.6 1.7 1.9 2.1 2.2 2.4 2.5 2.7 1.4 1.5 1.5 1.6 1.7 1.7 1.8 1.9 2.0 2.1 2.1 2.2 2.8 2.9 3.0 3.1 3.1 3.2 3.4 3.5 3.7 3.8 3.9 4.1 2.3 2.3 2.4 2.6 2.6 2.7 2.8 2.8 2.8 2.9 3.0 3.1 4.2 4.2 4.3 4.6 4.7 4.8 4.9 5.0 5.1 5.2 6.6 8.3 ^ ■ ■."■-■ MET GROSS TOTAL 0.5 0.6 0.6 0.7 0.7 0.8 0.8 0.9 0.9 1.0 1.1 OVERNIGHT RP*5 ' I 1 — 7.5 7.4 7.6 8.0 7.7 8.0 7.9 8.8 8.4 8.7 7.6 7.9 8.7 9.1 9.7 11.8 10.8 10.8 13.2 12.5 11.7 12.9 13.8 ] I \ I 1 6*5 7.3 7.3 7.5 7.8 7.5 7.9 7.7 8.7 8.2 8.5 7.5 7.7 8.5 8.9 9.5 11.6 10.7 10.7 13.0 12.3 11.6 12.8 13.6 12.5 12.9 13.7 13.7 15.9 15.2 15.4 16.4 16.7 16.4 18.0 17.9 12.4 12.8 13.6 13.5 15.7 15.0 15.2 16.2 16.5 16.2 17.7 17.6 17.3 17.8 18.7 18.5 19.3 17.5 18.2 19.7 19.4 20.0 22.3 21.6 17.0 17.5 18.5 18.2 19.0 17.2 17.9 19.3 19.0 19.7 22.0 21.3 | i | I I I | I i | TABLE 5 COMPONENTS OF HOMEY STOCK MEASURES AND L I Q U I D ASSETS ( B I L L I O N S OF DOLLARS, NOT SEASONALLY ADJUSTED) OVERNIGHT EURODOLLARS 1959 I960 1961 1962 I i MONEY MARKET MUTUAL FUNDS 0.0 0.0 0.0 0.0 0.0 . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN... ~ FEB. . . ' MAiU . , APR... MAY... JUN. ... JUL . . . AUG... SEP... OCT... NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0*0 0,0 0.0 0.0 JAN... FEB... MAR... APR.•• MAY... JUN... JUL... AUG... SEP... OCT.. . . NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAW... FEB... MAft..• APR.•• MAW... Ji«...| JU1....I AUG,.. SEP..• OCT... NOV... I D E C . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.O 0.0 0*0 0.0 0.0 0.0 0.0 0.0 J***.. FEE*.. MAft.•• APR..• MAY... JIM... JUL... AUG... SEP... OCT*.. NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o I SAVINGS AT COMMERCIAL | BANKS 51.5 51.7 52.0 52.2 52.4 52.9 53.1 53.4 53.7 53.9 54.0 54.3 AT S£L"S "" 46.3 46.7 47.1 47.6 48.1 48.9 49.5 49.8 50.2 50.6 51.0 51.8 ~~~ | DEPOSITS AT MSB"S 33.7 33.7 33.9 34.0 34.1 34.2 34.3 34.3 34.4 34.4 34.4 34.6 AT CREDIT UNIONS 3.9 3.9 4.0 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.4 135.4 136.0 137.0 137.8 138.6 140.1 141.1 141.6 142.5 143.2 143.7 145.1 146.1 146.4 147.3 148.0 148.6 150.0 151.1 152.1 153.4 154.8 155.9 157.7 TOTAL 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 54.3 54.2 54.4 54.5 54.6 54.9 55.2 55.8 56.4 57.0 57.3 57.8 52.6 53.0 53.5 54.0 54.5 55.4 56.0 56.3 56.8 57.5 58.0 59.0 34.7 34.7 34.9 35.0 34.9 35.1 35.2 35.2 35.4 35.6 35.7 36.0 4.5 4.5 4.5 4.6 4.6 4.6 4.7 4.7 4.7 4.8 4.9 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 58.5 59.3 59.9 60.3 60.5 61.0 61.4 61.8 62.1 62.7 63.2 63.7 59.9 60.5 61.1 61.6 62.2 63.3 64.0 64.3 64.8 65.5 66.2 67.3 36.2 36.3 36.5 36.6 36.5 36.7 36.8 36.9 37.0 37.1 37.1 37.4 5.0 5.0 5.1 5.1 5.2 5.3 5.3 5.3 5.3 5.4 5.5 5.6 159.6 161.1 162.6 163.6 164.5 166.2 167.5 168.2 169.3 170.7 172.1 174.0 64.3 64.9 65.6 66.1 66.5 67.1 67.9 68.5 69.1 69.8 70.3 70.8 68.3 68.8 69.5 70.1 70.6 71.6 72.3 72.6 73.3 74.1 74.9 76.1 37.7 37.8 38.1 38.2 38.2 38.5 38.7 38.9 39.2 39.4 39.6 40.0 5.7 5.7 5.8 5.8 5.9 5.9 5.9 6.0 6.0 6.1 6.2 6.3 175.9 177.2 178.9 180.2 181.2 183.2 184.9 186.0 187.6 189.4 191.0 193.2 i o.o I 1 1 [ 1 1 1 | 1 1 1 1 TABLE 5 COMPONENTS OF MONEY STOCK MEASURES AND L I Q U I D ASSETS ( B I L L I O N S Of DOLLARS, NOT SEASONALLY AOJUSTEOi OVERNIGHT EURODOLLARS 1 1963 1964 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC. . . 1966 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 AT COMMERCIAL BANKS 71.5 72.1 72.7 73.1 73.5 74.1 74.7 75.1 75.5 75.6 76.0 76.3 AT S£L»S SAVINGS DEPOSITS AT t MSB*S . AT CREDIT i I 77.4 78.3 79.2 80.0 80.7 82.0 82.7 83.0 83.8 84.6 85.4 86.6 [ 40.3 40.5 40.8 41.0 41.1 41.4 41.6 41.7 42.0 42.2 42.4 42.8 6.4 6.4 6.5 6.5 6.6 6.7 6.7 6.7 6.8 6.9 7.0 7.1 " JAN... 0.0 0.0 76.9 87.6 43.2 7.1 8:8 0.0 8:8 0.0 H:l 78.1 I8:i 89.7 tl:S 44.1 J:i 7.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 78.5 79.0 79.6 80.1 80.7 81.4 81.9 82.5 90.3 91.7 92.5 92.9 93.8 94.fr 95.4 96.6 44.2 44.5 44.9 45.2 45.5 45.9 46.1 46.5 7.4 7.5 7.6 7.7 7.7 7.8 8.0 8.1 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 83.5 84.2 85.1 85.6 86.1 86.8 87.7 88.6 89.5 90.6 91.4 92.1 97.5 97.9 98.7 99.1 99.4 100.6 101.1 101.2 101.9 102.7 103.4 104.6 47.0 47.3 47.6 47.8 47.8 48.1 48.4 48.6 48.9 49.1 49.3 49.7 I 1 I 1 ! I 1 1 1 1 8.2 8.2 8.3 8.4 8.4 8.5 8.6 8.6 8.7 8.8 8.9 9.1 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... I OCT... NOV... DEC. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 92.3 92.1 92.1 90.6 90.0 89.8 90.5 89.9 89.8 89.9 89.7 39.7 105.3 105.1 104.9 104.2 103.2 103.1 102.2 100.9 100.6 100.3 99.9 100.4 50.1 50.3 50.5 50.5 50.3 50.5 50.6 50.8 51.0 51*2 51.4 51.8 i { I I 1 1 J 1 t 1 1 I 9.2 9.2 9.3 9.4 9.4 9.5 9.6 9.6 9.6 9.7 9.8 9.9 i 1 TOTAL U_1Q_S &S8::: APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 1965 oTo MONEY MARKET MUTUAL FUNDS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I i 1 1 1 1 1 I 1 1 195.6 197.2 199.2 200.7 201.9 204.1 205.8 206.6 208.0 209.3 210.7 212.8 214.8 M:S I I 1 i 1 1 1 1 1 1 I 1 1 1 1 I 1 t 1 219.2 220.4 222.7 224.6 225.8 227.7 229.7 231.4 233.7 236.2 237.6 239.6 240.8 241.8 244.0 245.9 247.0 249.0 251.2 253.0 255.5 256.9 256.7 2 56.8 254.6 252.9 252.9 252.9 251.2 251.1 251.1 250.8 251.9 TABLE 5 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) i I i 1967 OVERNIGHT EURODOLLARS i JAN...1 FEB* . . | MAR..,| ARR...I. MAY..»t JUN...J JUL...I AUG...1 SEP...I OCT...J NOV...| DEC . . . | 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ~~" MONEY MARKET MUTUAL FUNDS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . AT COMMERCIAL BANKS 89.1 88.7 89*3 89.6 90.0 90.8 91.3 91.6 91.9 92.8 93.4 93.7 JAN...I FEB*..J MAR...I AW\ . . . I MAY...I JUN.•.| JUL...| AUG...1 SEP...I OCT...J NCV...I DEC...I i 1969 iwo 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN...| FEB...I MAR...I APR...I MAY...} JUM...I JUL...J 0.0 0.0 0.0 0.0 0.0 0.0 0.0 A1b£&. . . 1 o.o o.$ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 SEP...I OCT...J NGV...1 DcC»*.i 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Jt*JU..| APH..*I MAY...I JUN...I JUL...I AUG...I S6P...I G£T*..| NOV...J D£C...| 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 j m.»i *£&... J AT S£L"S SAVINGS DEPOSITS AT | f I MSB"S 1 527i AT CREDIT UNIONS 10.0 10.0 10.1 10.2 10.3 10.4 10.5 10.5 10.6 10.7 10.8 11.0 1 ] TOTAL 1 1 1 1 1 I 1 1 I 1 1 1 100.0 99.1 99.4 99.6 99.7 100.4 100.8 100.6 101.0 101.4 101.4 102.0 52.7 53.1 53.4 53.7 54.1 54.5 54.7 55.1 55.5 55.5 55.5 1 1 1 1 1 1 I 1 1 1 101.5 100.3 100.4 100.1 99.6 99.9 99.6 99.1 99.7 99.9 99.5 100.4 55.6 55.7 56.1 56.3 56.4 56.7 56.9 57.0 57.5 57.8 58.2 58.9 11.1 11.1 11.2 11.3 11.4 11.6 11.7 11.7 11.7 11.8 12.0 12.2 59.5 59.7 60.1 60.2 60.4 61.0 61.4 61.4 61.5 61.4 61.4 61.7 12.3 12.4 12.5 12.6 12.7 12.9 13.0 13.0 13.1 13.2 13.4 13.5 266.8 265.0 266.4 265.5 264.3 265.4 263.4 260.8 260.6 260.4 260.3 261.2 61.8 60.8 59.3 57.7 56.6 56.4 56.2 56.2 56.6 57.0 57.4 58.1 13.7 13.8 13.9 14.0 14.2 14.4 14.5 14.5 14.6 14.8 15.0 15.2 259.0 254.3 252.7 250.5 248.7 249.6 249.8 249.1 250.3 252.3 253.8 256.6 i 1 1 | 1 | 251.5 250.5 252.0 252.9 253.7 255.7 257.0 257.5 258.7 260.3 261.2 262.2 t j 1968 1 1 ! \ 93.7 93.5 94.3 94.2 94.0 94.2 94.0 93.9 94.0 94.5 95.2 95.6 1 95.4 94.9 95.4 94.9 94.4 94.4 93.5 92.8 92.6 92.6 93.0 93.1 92.6 91.8 92.4 92.6 92.8 93.3 93.8 93.9 94.1 95.1 96.0 97.1 i i i i i i i i i i i i i » i i \ I i r i . * ■ ■ i r i i V 99.7 97.9 98.4 97.8 96.9 97.2 95.6 93.5 93.5 93.2 92.6 92.8 90.9 87.9 87.1 86.2 85.1 85.6 85.3 84.6 85.0 85.4 85.4 86.2 1 1 1 1 i 1 I 1 I I I 1 i 261.7 260.6 262.0 261.9 261.4 262.3 262.1 261.7 262.9 264.0 264.9 267.0 TABLE 5 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) OVERNIGHT EURODOLLARS MONEY MARKET MUTUAL FUNDS 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0. 0 ■ ■- — AT COMMERCIAL BANKS 98.6 100.3 103.5 105.7 106.5 107.2 107.4 107.4 107.7 108.8 109.9 111.1 J A N . . . "' FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV- . . DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1972 JAN... FEB... MAR... APR... MAY. . . JUN... JUL... AUG... SEP... OCT... NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 112.7 114.2 116.5 117.6 117.8 118.8 119.4 119.7 120.1 121.1 122.0 122.7 1973 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG.•. SEP... OCT... NOV... DEC... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 123.5 123.5 124.7 125.2 125.7 126.6 126.4 124.9 124.1 124.7 125.5 126.0 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT...] NOV... D€C . . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.2 0.3 0.4 0.5 0. 7 0.9 1.2 1. 6 2. 0 2.3 127.1 127.6 129.4 130.8 130.9 132.0 132.8 132.0 131.3 132.3 133.4 134.5 1971 1974 AT S£L"S 86*5 86.5 87.7 88.8 89.8 91.2 92.0 92.1 92.8 93.4 93.5 94.4 | I I I 1 I 1 ! 1 1 1 1 ! 1 1 1 I SAVINGS DEPOSITS AT 1 MSB"S 1 ! 1 I I 59.1 59.7 60.4 61.1 61.5 62.2 62.7 62.8 63.0 63.3 63.3 63.7 1 __ AT CREDIT UNIONS 15.4 15.6 15.9 16.2 16.4 16.7 16.9 17.0 17.2 17.5 17.7 17.9 TOTAL J 259.5 262.1 267.4 271.7 27*. 2 277.4 279.1 279.3 280.7 282.9 284.5 287.1 95.1 95.4 96.9 97.9 98.2 99.4 100.3 100.5 101.5 102.3 102.7 103.8 63.9 64.2 64.9 65.4 65.6 66.2 66.6 66.6 66.9 67.0 67.2 67.8 18.2 18.5 18.8 19.1 19.3 19.7 19*9 19.9 20.1 20.4 20 . 7 21.0 290.0 292.3 297.1 300.0 300*9 304.1 306*2 306.8 308*6 310.9 312.5 315.3 104.3 104.2 105.7 106.3 106.1 107.2 107.7 106.4 105.5 105.4 105.1 105.5 68.0 67.9 68.3 68.4 68.2 68.5 68.1 66.5 65.4 64.9 64.4 64.7 21.4 21.7 22.1 22.5 22.9 23.3 23.5 23.4 23.5 23.6 23.8 24.0 317.1 317.3 320.8 322.4 323.0 325.6 325.8 321.1 318.4 318.7 318.7 320.2 105.4 104.9 106.2 106.8 106.4 107.0 106.9 105.7 105.3 105.4 105.5 106.4 I 1 ! ] | { | 64.8 64.7 65.2 65.2 64.6 64.5 64.4 63.7 63.4 63.3 63.4 63.8 1 1 1 1 t 1 1 1 1 i 24.2 24.4 24.9 25.3 25.6 26.0 26.2 26.0 26.1 26*3 26.6 26.9 1 1 1 1 I 1 1 321*5 321.6 325.7 328.1 327.5 329.4 330*2 327.5 326.1 327.4 328.8 331.6 " TABLE 5 COMPONENTS OF MCNEY STOCK MEASURES ANO LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) OVERNIGHT EURODOLLARS 1975 1976 1977 AT COMMERCIAL BANKS 136.1 137.6 141.2 144.6 146.6 150.4 152.4 152.5 152.8 154.1 156.1 158.7 AT S£L M S 1 SAVINGS DEPOSITS AT 1 MSB"S 1 ~ 64.0 64. 3 65.3 66.1 66.6 67.6 68.2 68.1 68.2 68.3 68.5 69.0 AT CREDIT UNIONS 27.2 27.7 28.4 29.0 29.6 30.2 30.6 30.6 30.9 31.3 31.7 32.1 33 33 47 .. 66 345.2 352.2 356.7 364.7 369.3 369.7 371.2 373.9 376.9 381.3 69.4 69.8 70.8 71.4 71.5 72.0 72.5 72.5 72.6 73.0 73.2 73.6 32.5 32.9 33.7 34.4 34.8 35.5 35.8 35.9 36.2 36.8 37.2 37.7 387.1 395.6 405.1 412.3 415.9 418.9 422.1 424.0 427.3 433.6 438.8 444.9 451.0 455.1 462.0 468.0 477.3 479.0 481.5 481.6 483.2 486*1 486*8 492*0 495.2 495.2 495.6 492.7 489*3 489.0 487.4 479.4 472.8 J A N . . . "~ FEB... MAR... APR... MAY... I JUN... JUL... AUG... SEP... OCT... NOV... DEC. • • 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Q.O 0.0 JAN... FEB... MAR.*. APR • • « MAY.*.. JO*i... J4#L.*. AUG... .SEP**-* OCT... NOV*.* J DEC. * * [ JAW*.. FEB... MAR... APR* • • 0.0 0.0 0*0 0.0 0.0 0.0 0.0 0*0 0.0 0.0 0.0 0*0 3.7 3.7 3.6 3.6 3.5 3.4 3.3 3.3 3.3 3.3 3.4 3.4 163.0 169.4 174.8 179.0 181.3 181.8 183.2 184.7 186.6 190.6 194.6 198.8 122.3 123.4 125.9 127.5 128.2 129.6 130.6 130.9 131.9 133.1 133.8 134.7 0.0 0.1 0.2 0.3 3.6 3.8 3.8 3.7 203.4 206.0 209.7 212.6 135.4 136.1 137.6 139.4 74.0 74.2 75.0 75.7 8:1 1:1 3.4 111:1 214.7 \ll:l 142.9 ?I:I 76.4 215.1 215.0 215.9 215.7 215.8 143.4 144.3 145.2 145.2 145.8 76.4 76.7 76.8 76.7 77.0 38.3 38.8 39.7 40.3 40.8 41.8 42.3 42.3 42.9 43.6 44.0 44.7 217*7 218.1 220.1 221*8 222*0 222.0 221*5 220.7 220.6 220.6 217.4 214.1 1.46.0 146.0 147.6 148.2 147.9 147.8 146.3 144.9 144.5 143.4 140.2 137.7 77.1 77.0 77.5 77.6 77.4 76.9 75.8 74.9 74.6 73.8 72.3 71.1 45.2 45.8 46*8 47.6 48.0 48 .8 49*0 48.8 49.3 49.6 49.5 49.8 3&:;; 1978 - MONEY MARKET MUTUAL FUNDS 2.7 3.3 3.6 3.8 3.9 3.9 3.7 3.7 3.7 3.7 3.6 3.6 \ JLJL... AUG*** SEP..*J OCT...] MOV... DEC* 0*5 0.4 0*7 0*8 0*9 1*0 3.4 3.5 .3.5 3.6 3.8 JAM... FEB...! MAIL... A#ll# «*. t •HA**** 1 JUM*.» JUL... 1 AUS*.* 1 SEP.•• OCT... Ncy... 1 DEC*** 1 1.1 1.1 1.2 1*3 1*4 1*5 1.6 1.7 1*7 1.8 1*9 2.0 4.2 4.8 5.3 5.8 6.3 6.8 7.2 7.8 8.4 8.9 9.4 10.3 \ 1 [ J I 1 | 107.2 108.0 110.4 112.5 114.0 116.5 118.1 118.5 119.3 120.1 120.7 121.5 | i 1 TOTAL _____ m-.i 476.2 1 TABLE 6 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS IBILLIONS OF DOLLARSt NOT SEASONALLY ADJUSTED) _. AT COMMERCIAL BANKS 1959 1960 1961 1962 SMALL DENQMINATION I I M E D E P Q S I I S AT AT AT CREDIT MUTUAL. H S£L S 1 UNIONS SAVINGS 1 BANKS 1.9 * 0.0 "" oTo 1.9 | 0.0 0.0 2.0 | 0.0 0.0 2.0 | 0.0 0.0 2.0 | 0.0 0*0 2.0 | 0.0 0.0 2.1 I 0.0 0.0 2.1 | 0.0 0.0 0.0 2.1 I 0.0 0.0 2.1 I 0.0 2.1 | 0.0 0.0 2.2 0.0 0.0 JAN... FEB... MAR,, . . APR. MAY... JUN... JUL... AUG.• . SEP... OCT... NOV... DEC... 9.4 9.4 9.6 9.8 9.9 9.9 9.9 9.8 9.8 9.6 9.1 8.8 JAN... FEB... MAR*.. APR. . . MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 8.9 8.9 9.0 9.3 9.3 9.5 9.9 9.9 9.9 10.0 9.8 9.5 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.4 2.4 2.4 2.4 2.5 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 9.8 10.2 10.2 10.5 11.1 11.3 11.6 11.6 11.7 11.7 11.2 11.0 JAN.•• FEB. . . MAR... APR... MAY... JUN... JUL... AUG... SEP... 1 OCT... NOV.•• 1 DEC... 1 11.9 12.8 13.7 14.4 14.4 14.6 14.8 14.9 15.1 15.4 15.2 15.3 I 1 1 1 I -_ ___ J TOTAL 11.3 11.4 11.5 11.8 11.9 11.9 11.9 11.9 11.9 11.7 11.3 10.9 j | | i LAft&E DENOM1NATJ ON TIME DEPOSITS AT AT MUTUAL COMMERCIAL AT 1 TOTAL BANKS S£L«S SAVINGS BANKS : 0.0 " 175 1 1.5 o7o 1.5 0.0 0.0 1 1.5 1.5 0.0 0.0 1.5 0.0 1.5 0.0 \ 1.5 1.6 1 0.0 0.0 1.6 1.6 0.0 0.0 1.6 1 0.0 1.6 0.0 1.6 1.5 | 0.0 0.0 1.5 1.4 0.0 0.0 1.4 0.0 1.3 0.0 1 1.3 1.2 0.0 0.0 1 1.2 0.0 1.1 0.0 1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 • 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.1 11.1 11.3 11.5 11.6 11.8 12.2 12.3 12.3 12.5 12.2 12.0 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.6 1.7 1.7 1.7 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.5 2.5 2.6 2.6 2.6 2.6 2.7 2.7 2.7 2.8 2.8 2.8 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.3 0.4 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 12.3 12.7 12.8 13.2 13.8 14.1 14.5 14.6 14.7 14.8 14.4 14.2 2.1 2.4 2.5 2.8 3.1 3.3 3.5 3.6 3.7 3.7 3.7 3.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.8 2.9 2.9 3.0 3.0 3.0 3.1 3.1 3.2 3.2 3.3 3-* 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.8 0.9 15.2 16.2 17.2 17.9 18.0 18.3 18.6 3.9 4.4 4.8 5.2 5.5 5.8 5.8 5.8 6.0 6.1 6.2 6.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 | 1 1 1 1 I > 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 1 i ! 1 1 1 1 I 18.7 19.0 19.4 19.2 19.5 | \ 1 1 I 1 1 0.0 ] 1 I [ 1 1.2 1.2 1.3 1.3 ' | 1*4 1 . 4 "<:M 1.5 •£ 1.6 1.7 | 1.7 1.7 | 1.9 ] 1 1 I 1 1 1 1 2.1 2.4 2.5 2.8 3.1 3.3 3.5 3.6 1 1 1 1 1 1 | | 3.7 3.7 3.7 1 | I 3.7 | 3.9 4.4 4.8 5.2 5.5 5.8 5.8 5.8 6.0 6.1 6.2 6.6 | 1 I | i TABLE 6, COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASScTS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) \ SMALL..a£^lQMlMIlQN-IlM£-J2££QilI^—Z 1 AT ICOMMERCIAL I BANKS 1 1963 1964 1965 1966 I 15T9~~" 1 1 I I I I 1 I 1 1 1 16.3 16.9 17.3 17.6 17.8 18.1 18.6 18.8 19.6 19.6 19.6 JAN... 1 PEB. . . 1 MAR... 1 APR... I MAY... 1 JUN... 1 JUL... I AUG... 1 SEP... 1 OCT... 1 NOV... t DEC. . . I 20.2 20.5 20^9 21.0 21.1 21.4 21.6 21.8 21.9 22.3 22.1 22.1 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC. . . 1 I f I I I 1 I 1 I I 1 23.1 24.0 24.6 24.8 25.0 25.3 25.6 25.8 26.0 26.6 26.4 26.2 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC*.. 1 I I 1 1 1 1 I 1 I I i 27.5 28.7 29.9 32.0 33.2 33.7 34.1 35.6 36.6 37.9 37.8 38.0 JAN... FEB... MAR... APR. . . MAY... JUN... JUL. . . AUG... SEP. . . OCT... NOV. . . DEC... AT MUTUAL SAVINGS BAJULS 0.9 0.9 1.0 1.0 1.0 1.1 1.1 1.2 1.2 1.2 1.3 1.3 AT S6>L»S — 3.4 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.8 3.8 3.9 ! i 1 1 1 I | AT CREDIT UNIONS o.c | 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I DENOMINATION AT *" COMMERCIAL BANKS TOTAL I o7o"~ , 0.0 0.0 1 j 20.6 21.3 21.8 22.2 22.5 22. 9 23.4 23.7 24.7 24.7 24.7 J , i ! i \ | 7.5 7.9 8.3 8.7 8.& 8.8 9.2 9.4 9.5 9.9 10.3 3.9 4.0 4.0 4.1 4.1 4.2 4.2 4.3 4.3 4.* 4.4 4.5 1.3 1.4 1.4 1.5 1.5 1.5 1.6 1.6 1.6 1.7 1.7 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 25.5 25.9 26.3 26.5 26.7 27el 27.4 27.7 27.9 28.3 28.2 28.3 11.1 11.7 12.0 12.3 13.0 13.3 13.4 13.7 13.7 14.0 14.3 14.7 4.5 4.6 4.6 4.7 4.7 4.7 4.8 4.8 4.9 4.9 5.0 5.0 1.8 1.8 i.9 1.9 1.9 2.0 2.0 2.0 2.1 2.1 2.2 2.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 29.4 30.4 31.0 3i.3 31.6 32.0 32.4 32.7 33.0 33.7 33.5 33.4 15.8 16.4 16.8 17.3 18.0 18.2 18.6 19.4 19.5 19.9 20.2 20.6 2.2 2.3 2.3 2.3 2.4 2.4 2.4 2.5 2.5 2.6 2.6 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.-0 0.0 0.0 0.0 34.8 36.4 38.5 41.5 43.5 44.9 46.0 48.2 49.9 51.9 52.5 53.4 21.2 21.6 22.1 23.3 24.2 24.2 25.0 25.4 24.6 23.1 22.2 22.7 5.1 5.5 6.3 7.1 8.0 8.8 9.5 10.2 10.8 11.4 12.1 12.7 1 1 1 1 I 1 1 1 i 1 ! oTo 771 ioTI , i AT S£L*S 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 | I i I I 1 ! ] i | o.a ! 1 ! 1 TOTAL _ 7.5 7.9 8.3 8.7 8.8 8.8 9.2 9.4 9.5 9.9 10.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.I 11.7 12.0 12.3 13.0 13.3 13.4 13.7 13.7 14.0 14.3 14.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.8 16.4 16.8 17.3 18.0 18.2 18.6 19.4 19.5 19.9 20.2 20.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I T I M E DEI AT MUTUAL SAVINGS BANKS 0.0 i 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 1 1 1 I 1 I 1 I 1 I I 1 I I 1 21.2 21.6 22.1 23.3 24.2 24.2 25.0 25.4 2 4 ? ^ 23.1 22.2 22.7 TABLE 6 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) . AT COMMERCIAL BANKS 1967 1968 1969 L BAUJLS 1 . TOTAL LARGE D E N O M I N A T I O N T I M E D E P O S I T S _ _ AT \ AT ! MUTUAL AT [COMMERCIAL 1 \ TOTAL BANKS 1 S&L"S ! SAVINGS 1 BANKS I 0T0 ! 0.0 1 2571 l 0.0 1 0.0 [ 27.3 1 27.3 1 0.0 1 28.3 I 28.3 1 0.0 0.0 l 0.0 28.6 1 28.6 0,0 1 0.0 1 29.0 1 29.0 I 0.0 1 28.9 1 28.9 0.0 I 0.0 1 28.9 1 28.9 1 0.0 1 30.2 1 0.0 0.0 1 30.2 I 30.0 l 0.0 1 0.0 ! 30.0 l 0.0 t 29.5 1 0.0 1 29.5 1 30.4 I 0.0 1 30.4 f 0.0 l 0.0 1 30.7 1 0.0 1 30.7 JAN... * FEB. . . MAR. . . APR. . . MAY... J UN*.. JUL... AUG... SEP. . . OCT, . . J NOV... DECv.. 4o7o— 1475 41.3 42.5 43.7 44.9 46.1 47.5 48.5 49.5 50.5 49.8 50.0 15.4 16.2 17.0 17.8 18.5 19.2 19.7 20.2 20.7 21.2 21.7 2.7 2.7 2.6 2.9 3.u 3.1 3.2 3.3 3.3 3.4 3.6 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JAN... FEB... MAR. . . APR... MAY. . . J UN... JUL... AUG... SEP. . . JCT... NCV... DEC... 51.9 53.6 54.4 55.3 56.2 57.4 58.7 60.1 61.7 63.2 62.6 62.7 22.8 24.1 24.9 25.6 26.4 27.2 28.0 28.4 28.5 29.2 30.1 30.4 4.5 4.8 4.9 5.0 5.1 5.2 5.3 5.3 5.3 5.3 5.2 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 79.3 82.5 84.2 85.9 87.7 89.7 92.0 93.8 95.6 97.6 97.9 $8.2 JAN... FEB. . . MAR... APR... MAY* . . JUN.•• JUL... AUG. . . SEP... 64.3 66 . 0 67.2 68.0 68.5 69.4 70.4 70.8 71.4 31.9 33.9 34.5 35. 4 36.4 37.0 38.7 40.3 40.7 4.9 4.9 5.0 5.1 5.0 4.7 4.4 4.3 4.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 101.1 104.7 106.7 108.5 109.9 111.1 113.5 115.4 116.6 fc: Vo'A 70.8 ttJ 42.2 t'A 4.8 0.0 8:8 itf:f 117.8 2o!5 0.0 8:8 8:8 0.0 §?:! JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG. • • SEP. . . CCT. . . NOV. . . DEC. . . 71.5 72.6 73.3 72.9 73.7 75 . 4 75.4 76.0 77.0 77.8 77.9 78.6 43.9 46.2 47.8 49.6 5i.l 51.9 53.2 54.4 55.1 56. 1 57.1 53.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 120.3 124.8 129.1 132.3 135.8 138.9 140.3 142.9 144.5 146.4 147.5 149.3 19.6 19.0 20.2 23.9 24.9 24.1 29.5 34.6 38.0 40.6 41.9 44.5 0.0 0.1 0.1 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 19.6 19.1 20.4 24.1 25.2 24.5 29.9 35.0 38.5 41.2 42.6 45.2 DEC... 1970 DENOMINATION TIME DEPOSITS AT AT CREDIT MUTUAL AT UNIONS SAVINGS S£L»S i SMALL j 1- I- 4.9 6.0 7.9 9.8 11.0 11.6 12.2 12.5 12.5 12.4 12.4 12.5 | 0T0 1 56.7 59.5 61.5 63.6 fc5.7 67.8 69.9 71.4 73.0 74^.6 74.6 75.8 1 FiTT ! 30.6 30.9 31.5 31.1 31.1 30.2 31.3 33.6 33.7 34.7 36.2 37.5 1 1 i 1 t 35.8 34.3 33.2 32.8 32.4 30.5 27.2 25.3 23.8 l ! I 1 1 I 1 1 ! 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 o.o 1 0.0 0.0 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 1 1 I lf:l 1 r t I 1 1 ! ! 1 1 0.0 0.0 0.0 0»0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 ! 1 I 1 1 1 1 1 1 I 30.6 30.9 31.5 31.1 31.1 30.2 31.3 33.6 33.7 34.7 36.2 37.5 35.8 34.3 33.2 32.8 32.4 30.5 27.2 25.3 23.8 20.5 TABLE 6* COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS ( 3 I L L I 0 N S OF DOLLARS, NOT SEASONALLY ADJUSTED) SMALL DENOMINATION TIME DEPOSIT* AT AT CREDIT AT MUTUAL M UNIONS SAVINGS S&L S BANKS 1 12.5 60.5 oTo 62.9 0.0 12.7 65.0 0.0 13.3 66.9 0.0 13.8 0.0 68.0 14.2 14.4 69.1 0.0 14.6 70.6 0.0 14.8 0.0 71.8 0.0 72.9 15.2 0.0 15.5 74.3 0.0 75.6 16.0 0.0 16.6 77.0 1 AT I COMMERCIAL I BANKS 1971 1972 1973 1974 1 io74 I 1 1 I 1 I I 1 1 1 1 83.4 85.8 87.5 86.7 90.0 90.1 90.8 92. C 92.8 93.4 93.8 JAN...1 FEB. . . 1 MAR. . . 1 APR... 1 MAY... 1 JUN... 1 JUL... I AUG... 1 SEP... I OCT... I NOV... I DEC. . . I 95.8 98.0 100.0 99.4 99.9 101.3 103.0 104.1 105.4 106.9 106.7 107.5 JAN...I FEB... I MAR... I APR... 1 MAY... 1 JUN. . . 1 JUL... I AUG. . . 1 SEP... 1 OCT... 1 NOV... 1 DEC... 1 110.5 112.5 112.9 113.8 114.8 116#1 115.2 117.0 115.0 114.4 115.0 116.0 1 1 1 1 1 1 I 1 1 1 1 1 117.7 120.2 122.4 122.2 122.1 122.4 121.8 122.5 123.2 124.6 124.1 122.6 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG. . . SEP... OCT. . . NOV... DEC. . . JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 1 TOTAL 1 4i7o 0.7 0.8 0.8 0.9 0.9 1.0 1.0 1.1 1.1 1.2 1.2 57.4 57.4 56.6 58.5 61.8 62.1 62.4 66.3 67.6 68.0 68.7 70.7 1.3 1.3 1.4 1.5 1.5 1.6 1.7 1.7 1.8 1.9 1.9 2.0 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 59.0 59.0 58.3 60.3 63.7 64.1 64.4 68.4 69.8 70.3 71.1 73.1 72.3 76.2 83.6 86.8 89.6 88-9 93.2 102.2 103.1 108.8 106.0 107.6 2.1 2.2 2.2 2.3 2.4 2-4 2.5 2.6 2.6 2.7 2.9 3.0 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.5 74.8 78.7 86.2 89.5 92.4 91.8 96.1 105.2 111.2 112.0 109.3 111.1 3.1 3.2 3.4 3.5 3.5 3.6 3.6 3.7 3.7 3.9 4.1 4.4 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.8 0.8 115.6 117.8 118.9 125.6 132.3 134.5 137.3 142^1^ 143.6 143.7 140.5 144.9 23.2 23.9 24.3 24.8 25.3 25.6 26.3 27.5 28.4 29.0 29.6 30.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 235.8 2*0.9 243.0 245.9 248.9 252.0 252.6 256.1 256.3 257.6 260.1 263.1 119.6 121.9 123.5 124.8 125.3 126.3 127.4 127.7 128.2 128.8 129.3 130.4 30.7 31.2 31.6 31.8 31.9 32.0 32.3 32.3 32.4 32.5 32.6 32.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 268.0 273.3 277.5 278.8 279.3 280.8 281.4 282.5 283.7 285.9 286.0 285.9 1 1 48.5 49.6 47.8 48.4 48.7 49.7 51.5 52.2 54.2 54.0 56.2 102.0 104.6 105.8 107.3 108.8 110.2 111.2 111.7 112.9 114.2 115.5 117.0 0.0 TOTAL 577 192.5 198.0 202.4 204.3 206.8 210.1 214.3 217.6 220.9 224.8 226.6 229.2 I AT MUTUAL SAVINGS BANKS 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 477i 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o AT S&L"S 153.5 159.1 164.0 168.2 170.9 173.5 175.3 177.5 180.1 182.7 185.0 187.4 17.3 18.0 18.4 18.9 19.3 19.5 20.0 20.6 21.C 21.6 22.0 22. 4 79.5 82.1 34.0 86.0 37.6 89.3 91.3 93.0 94.5 96.3 97.8 99.3 AT COMMERCIAL BANKS 1 1 1 1 1 1 1 1 112.0 114.1 115.0 121.6 128.3 130.4 133.1 137.8 139.2 139.1 135.6 139.7 1 1 i 1 1 I 1 1 1 49.4 50.5 48.8 49.5 49.8 50.9 52.7 53.5 55.6 55.4 57.6 i 1 1 TABLE 6 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) I_SdALL_Q£ai 1 AT I COMMERCIAL I BANKS AT JAN... I FEB. . . 1 MAR. . . 1 APR... 1 MAY... 1 JJN... I JUL. . . i AUG... I SEP. . . I OCT... j NOV. . . | DEC. . . 1 12474 127.3 130.0 131.9 133.5 135.4 137.4 133.7 139.4 140.7 140.3 142.2 132.7 134.9 137.1 139.5 141.4 143.9 146.8 148.7 150.5 152.6 154.2 156.5 1976 JAN... I FEB. . . j I4AR... I APR. . . I MAY. . . I JUN. . . I JUL... I AUG. . . I SEP. . . I OCT. . . 1 NOV... 1 DEC. . . 1 144.0 145.0 143.7 143.4 145.7 146.3 147.4 149.7 153.0 155.5 153.4 156.3 160.5 164.0 166.9 170.2 172.5 174.9 177.7 179.7 132.3 185.4 187.7 191.1 JAN... 1 FEB... 1 MAR. . . 1 APR... I MAY. . . I JUN... I JUL. . . I AUG... I SEP... I OCT... I NOV... 1 DEC. . . I 158.9 161.3 163.4 164.3 166.9 168.4 168.6 163.4 168.9 169.3 163.3 169.0 JAN... 1 FEB. . . 1 MAR... 1 APR... 1 MAY... 1 JUN... 1 JUL... 1 AUG... 1 SEP. . . 1 OCT. . . j NOV... 1 DEC... 1 171.3 173.1 174.1 174.2 175.4 177.0 173.1 179.2 181.7 184.2 184.8 135.9 1978 ! S&L"S 1975 1977 LM£J2EEQSIIAT CREDIT MUTUAL UNIONS SAVINGS BANKS 1 0T0 33.4 0.0 33.8 0.0 34.3 0.0 34.8 0.0 35.2 0.0 35.7 0.0 36.3 0.0 36.7 0.0 37.0 0.0 37.5 0.0 37.9 0.0 38.5 LARSIL DENOMINATELQN Tlfl£-n£i^QSITS AT AT 1 MUTUAL [COMMERCIAL 1 TOTAL AT BANKS i SAVINGS S6L»S L PANKS.._] O.S 14271 147.6 477 i 0.9 4.9 144.9 139.1 1 141.5 I 0.8 5.2 135.5 130.7 0.8 5.3 1 136.8 128.9 135.1 1 0.8 1 i 5.3 1 0.8 5.3 125.2 1 131.3 ! 0.7 1 122.7 128.8 1 5.3 123.2 0.8 1 129.3 1 5.3 1 124.0 1 0.8 1 5.3 1 130.1 124.9 1 0.8 1 5.3 131.0 5.4 0.8 124.7 130.8 124.7 1 0.7 5.5 130.9 1 AT L 1 29~o74 295.9 301.4 306.2 310.1 315.0 320.5 324.0 326.9 330.8 332.8 337.2 343.8 348.9 351.1 354.7 359.8 363.5 367.8 372.7 379.2 385.5 388.3 393.5 122.1 118.1 118.8 117.9 114.8 116.8 117.5 115.7 113.7 111.7 110.5 112.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 401.9 403.6 414.6 419.7 424.4 429.7 434.1 436.3 441.1 445.5 447.1 431.3 111.3 110.8 110.9 109.6 110.4 112.9 115.6 119.8 122.2 126.6 131.8 137.7 0.1 0.2 0.3 0.4 0.6 0.7 0.8 0.9 1.0 1.2 1.3 457.8 462.4 466.6 470.0 472.8 479.8 488.9 494.8 5 02 . 7 512.4 520.3 529.8 39.3 39.9 40.4 41.1 41.7 42.2 42.7 43.2 43.9 44.6 45.2 46.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 196.0 199.7 203.0 206.3 208.5 211.5 215.0 217.6 220.9 224.2 226.2 229.0 47.0 47.6 48.2 43.5 48.9 49.7 50.4 50.3 51.3 52.0 52.6 53.2 232.5 234.5 237.0 239.6 240.7 244.8 250.3 254.4 258.7 264.2 269.6 275.8 54.0 54.6 55.2 55.7 56.1 57.3 59.2 60.* 61.3 62.8 64.6 66.6 r TOTAL 1.4 1 | J 1 1 I I I I i I 140.1 142.5 147.6 150.3 155.4 157.1 160.2 164.8 167.3 168.7 177.3 182.4 1 5.5 5.6 1 5.6 1 1 I 5.6 5.6 5.7 6.0 6.3 6.5 6.7 6.8 1 I 9.3 9.9 | | 0.8 | 1 128.4 124.4 125.1 124.2 121.1 123.2 124.2 122.8 121.0 119.2 118.0 119.7 1.0 1.0 1.0 1.0 118.9 118.4 118.7 117.6 118.7 121.6 124.6 129.2 131.8 136.3 141.5 147.7 1.1 1.1 1.2 1.2 1.3 1.3 1.4 1.5 1.6 1.6 1.7 1.7 150.5 153.5 159.3 162.7 168.3 170.6 174.2 179.4 182.4 184.0 192.9 198.2 0.8 0.8 0.8 0.9 0.9 0.9 0.9 7.4 10.4 11.1 11.7 12.2 12.6 13.1 13.5 13.7 13.9 14.1 1 0.7 0.8 0.8 0.8 0.8 6.8 6.8 7.0 7.2 7.8 8.1 8.4 8.6 8.7 8.7 8.9 0.7 0.7 0.7 0.7 1 [ 6. 8 1 0.8 0.7 0.9 TABLE 7 COMPONENTS. OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 1959 1960 19*1 1962 TERM R P " S AT AT THRIFT COMMERCIAL 1 I N S TS. &ANKS 0.0 0.0 JAN... 0.0 0.0 FE3... MAR...| 0.0 o.c 0.0 APR... 0.0 i 0.0 0.0 MAY... 0.0 0.0 JUN... 0.0 JUL... o.c 0.0 0.0 AUG... 0.0 0.0 • SEP..♦ 0.0 0.0 OCT... NOV. . . 0.0 0.0 0.0 DEC-.. 0.0 | OTT 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.9 1.0 1.2 1.3 1.5 1.6 1.5 1.5 1.5 1.5 1.4 45.7 45.8 45.9 45.9 46.0 4o.O 46.1 46.2 46.2 46.3 46.4 46.5 37.2 37.6 36.9 36.8 36.9 35.6 35.7 36.0 34.7 35.2 36.0 36.6 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.6 1.6 1.6 1.6 46.5 46.6 46.6 46.6 46.6 46.6 46.7 46.8 46.8 46.8 46.8 46.9 37.7 38.3 38.5 38.8 39.2 38.4 37.9 39.1 37.9 36.7 38.7 39.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 O.C 0.0 0.0 0.0 0.0 0.7 0.7 0.7 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.8 0.8 JAN... FEB... MAR... APR... MAY... JUN... J UL . . . AUG... SEP... OCT... N0V... DEC. . . 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0-0 0.0 0-0 0.0 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT. • • NOV... D£C... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 O.G 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o f I JTi 39.5 40.8 40.3 40.0 39.6 38.7 38.5 37.9 37.2 37.0 36.6 36.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4777 47.6 47.5 47.4 47.3 47.1 46.9 46.8 46.6 46.4 46.3 46.1 SHORT.. TERM COMMERCIAL BANKER"S TREASURY PAPER ACCEPTANCE [SECURITIES! 0.6 34.3 3.2 0.6 34.3 34.1 0.5 1 3.3 34.6 3.3 0.5 | 3.5 0.5 I 35.5 3.5 35.5 0.5 3.5 37.0 0.5 3.7 0.5 J 38.5 37.9 3.6 0.5 3.7 33.3 0.5 3 8 . to 3.8 0.5 38.1 3.5 0.5 45.9 45.8 45.8 45.7 45.7 45.6 45.6 45.6 45.6 45.6 45.6 45.7 JAN... FES, . . MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 1 o.o SAVINGS BONDS TERM EURODOLLAR ! 0.8 3.6 4.1 4.4 4.5 4.6 4.7 4.7 5.0 4.9 5.0 5.3 4.9 0.8 0.9 0.9 1.0 1.0 0.9 1.0 1.0 1.1 1.1 1.0 1.0 4.8 5.1 5.1 5.1 5.0 4.9 5.0 5.0 4.9 5.0 5.2 5.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9 0.9 1.0 1.0 1.0 1.0 5.1 5.5 5.6 5.7 5.8 5.9 6.0 6.4 6.6 6.8 7.0 6.5 0.6 0.7 0.7 0.7 0.6 0.6 0.7 0.8 0.8 0.8 o.a 1 . 1 TABLE 7 COMPONENTS OF MONEY STOCK MEASURES AND LIOUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 1963 1964 19o5 1966 1 TERM _£E2!S AT i AT THRIFT |COMMERCIAL 1NSTS. 1 BANKS 0.0 0.0 JAN...I 0.0 CO FEB. . . I 0.0 0.0 MAR. . . I 0.0 0.0 APR... I 0.0 0.0 MAY. . . I 0.0 0.0 JUN... I 0.0 0.0 JUL... I 0.0 0.0 AUG. . . I 0.0 0.0 SEP... I 0.0 | 0 . 0 OCT... 0.0 0.0 NOV. . . I DEC. . . 1 0.0 o.o JAN...I FEB. . . 1 MAR... I APR. . . I MAY... 1 JUN... 1 JUL... { AUG.•• 1 SEP. . . I OCT. . . I NOV... I DEC. . . 1 48.2 48.3 48.4 48.4 48.5 48.6 48.6 48.7 48.8 4tt. 8 48.9 49.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.3 2.2 2.1 2.0 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7 1.8 1.8 1.8 1.8 1.8 1.9 1.9 2.0 2.0 2.1 2.1 0.0 0.0 o.o 0.0 0.0 0.0 0.0 0.0 0.0 JAN...I FEB... J MAR... 1 APR. . . i MAY. . . 1 JUN... 1 JUL. . . 1 AUG... I SEP. . . 1 OCT... i NOV. . . 1 DEC... I o.o 0.0 o.o 0.0 0.0 0.0 o.o 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.4 0.4 0.5 0.5 ~TTb 1.9 2.0 2.0 2.0 2.1 2.1 2.2 2 .2 2.2 2.3 2.3 2.4 o.o o.o o.o | 47.0 47.1 47.3 47.4 47.4 47.5 47.6 47.7 47.8 47.9 48.0 48.1 0-0 0.0 JAN... I FEB.... 1 MAR... I APR... I MAY... 1 JUN... I JUL... I Alio. • • 1 SEP... 1 OCT. . . 1 NOV. . . 1 DEC. . . 1 SAVINGS 30NDS 1.7 1.7 1.7 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TERM EURODOLLAR o.o I o.o \ , i i SHORTTERM BANKER"S TREASURY ACCEPTANCE .£££L1RILL£S_. 39.8 1 1.0 41.5 1.0 41.1 I 1.0 40.2 40.7 1.1 1.1 39.1 38.0 1.1 39.9 1.1 40.0 1.1 1.2 39.2 1.1 40.2 40.4 1-1 COMMERCIAL PAPER ITo 40.6 41.4 41.2 41.2 41.7 40.5 38.5 38.3 38.3 38.2 38.5 38.1 1.0 1.1 1.1 1.2 1.2 1.2 1.2 1.1 1.2 1.2 1.2 1.2 49.1 49.2 49.2 49.3 49.3 49.4 49.5 49.5 49.5 49.5 49.6 49.7 38.2 39.5 39.8 39.9 40.9 39.9 39.3 40.1 39.3 39.1 40.2 40.3 1.1 1.2 1.3 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 49.7 49.7 49.7 49.8 49.8 49.9 50.0 50.0 50.0 50.1 50.1 50.2 41.7 43.3 42.8 42.7 43.3 41.5 39.5 39.4 39.4 41.2 43.2 42.8 1.5 1.4 1.4 1.5 1.5 1.4 1.6 1.7 1.6 1.7 1.6 1.6 I 6~74~""~ 6.9 7.1 7.2 7.5 7.4 7.4 7.7 7.5 7.5 8.0 7.5 I 1 1 1 1 \ 1 1 1 7.3 8.0 8.0 7.9 8.2 8.2 8.5 8.9 8.7 9.0 9.3 8.8 8.7 9.1 9.2 9.4 9.9 9.8 10.0 10.5 10.2 10.3 10.7 10.0 9.8 10.5 10.8 11.3 11.6 11.4 11.8 12.9 12.7 12.8 14.0 14.1 TABLE 7 COMPONENTS OF MONEY STCCK MEASURES AND LIQUfD ASSETS (BILLIONS OF DGLLARSt NOT SEASONALLY ADJUSTED) 1967 1 TERM .EPJLS AT 1 AT THRIFT I COMMERCIAL 1 INSTS. 1 BANKS 0.5 0.0 JAN...1 O.G 0.6 FEB. . . I 0.0 0.6 MAR... I APR... I 0.7 0.0 MAY... I 0.7 0.0 0.0 0.8 JUN... I 0.8 0.0 JUL... } 0.0 0.8 AUG... i 0.9 0.0 SEP... 1 0.9 OCT. . . I 0.0 0.0 NOV... 1 1.6 DEC. . . 1 0.0 1.0 I TERM EURODOLLAR 2.2 2.2 2.2 2.1 2.1 2.1 2.C 2.0 2.1 2.1 | 1.6 1.6 1.6 1.7 1.8 1.6 1.8 1.8 1.7 1.7 1.7 IAZZ 15.4 16.1 16.6 17.1 17.1 17.1 17.4 17.0 17.0 17.5 17.4 17.7 18.4 18.8 18.7 18.7 19.3 20.0 20.9 21.2 21.3 22.3 22.1 2.8 2.8 2.9 3.0 3.0 2.9 2.8 2.8 2.7 2.7 2.6 2.3 51.9 51.8 51.8 51.8 51.8 51.8 51.8 51.7 51.7 51.7 51.7 51.7 48.7 52.4 54.3 54.7 54.4 52.3 51.5 53.8 55.5 55.8 57.3 59.1 2.3 2.3 2.3 2.3 2.4 2.7 2.9 3.0 3.1 3.2 3.2 3.2 21.9 23.2 24.1 24.8 25.7 26.5 28.0 29.7 30.4 31.6 33.7 33.6 2.3 2.5 2.7 2.7 2.5 2.4 2.4 2.4 2.4 2.3 2.1 1.8 51.7 51.7 51.6 51.6 51.6 51.6 51.6 51.7 51.7 51.8 51.9 52.0 61.1 63.2 62.6 59.8 57.6 56.1 55.7 55.9 53.6 52.6 51.4 49.1 3.2 3.2 3.2 3.3 3.4 3.5 3.6 3.4 3.2 3.2 3.1 3.3 34.0 36.3 37.7 38.7 40.0 39.9 38.5 37.9 36.5 35.5 35.5 34.2 1969 JAW... 1 FEB... 1 MAR... 1 APR... I MAY... 1 JUN... I JUL... 1 AUG... 1 SEP... 1 OCT... I NOV... ! DEC. . . I 1.6 1.6 1.7 1.7 1.8 1.8 1.8 1.9 1-9 2.0 2.1 2.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1970 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... 1.9 2.2 2.3 2.0 2.3 2.0 1.5 1.3 1.3 1.3 1.4 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I 176 1.8 1.9 1.8 1.9 2.1 2.0 1.9 1.9 2.0 2.1 2.2 2.2 2.2 2.3 2.4 2.6 2.8 2.9 3.1 3.2 3.3 3.2 3.1 2.9 0.0 0.0 0.0 0.0 I i 42.1 42.2 41.4 39.8 38.3 35.6 34.2 35.7 36.1 36.6 37.7 38.3 40.5 42.8 43.6 44.6 46.0 44.8 44.6 46.0 46.1 46.4 45.9 45.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 o.o • I 50.3 50.4 50.5 50.6 50.6 50.7 50.8 50.9 51.0 51.1 51.2 51.2 51.3 51.3 51.4 51.4 51.5 51.5 51.6 51.6 51.7 51.8 51.8 1.1 1*1 1-2 1.2 1.2 1.3 1.3 1.4 1.4 1.5 1.5 1.5 1 1 1 I I 1 1 1 1 1 I 1 5075 Y7L 2.2 COMMERCIAL BANKER"S PAPER ACCEPTANCE .£££U&1LL£^ J JAN...i fi::B. . „ I MAR, . . i A PR• • • 1 MAY. . . I JUN. . . 1 JUL... 1 AUG... 1 SEP... 1 OCT... 1 NOV. . . 1 DEC... 1 196 8 SHORTTERM TREASURY SAVINGS BONDS | [ 1 I 1 1 1 1 1 1 1 1 1 1 1 TABLE 7 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 1971 1972 1 . TERM. RP W S AT 1 AT THRIFT ICOMMERCIAL INSTS. 1 BANKS 0.0 JAN...1 1.3 0.0 FEB... 1 1.4 0.0 MAR... 1 1.5 APR. . . 1 0.0 1.9 O.U MAY. . . 1 2.2 0.0 JUN... 1 1.9 0.0 1.9 JUL. . . 1 0.0 2.0 AUG, . . 1 0.0 2.1 SEP. . . 1 0.0 2.2 OCT... 1 0.0 2.6 NOV. . . 1 0.1 2.4 DEC... 1 1.9 2.0 2.1 2.1 2.1 2.1 2.1 2.1 2.2 2.3 2.3 52.2 52.4 52.6 52.9 53.1 53.3 53.5 53.7 53.9 54.1 54.3 SHORTTERM TREASURY SECURITIES 48.5 47.0 44.6 42.6 39.7 39.0 40.6 41.0 38.8 37.1 36.4 36.3 36.7 37.2 37.9 37.1 36.7 35.8 34.5 35.3 36.0 37.0 39.6 41.2 TERM EURODOLLAR SAVINGS BONDS 5271 TZi JAN*.. 1 FEB. . . 1 MAR... 1 APR. . . 1 MAY... 1 JUN... 1 JUL... 1 AUG... 1 SEP... I OCT. . . 1 NOV... 1 DEC. . . 1 2.0 2.4 2.5 2.8 2.8 3.1 3.3 3.3 2.8 2.9 3.3 3.0 O.i 0.1 0.1 0.1 0.1 O.i 0.1 0.2 0.2 0.2 0.2 O.i 2.3 2.4 2.6 2.7 2.6 2.7 2.9 3.1 3.1 2.9 '2.9 2.8 54.5 54.8 55.0 55.3 55.6 55.9 5t.2 56.4 56.7 56.9 57.2 57.5 f 1973 JAN... FEB... MAR... APR... MAY. . . JUN... JUL... AUG. . . SEP... OCT. . . NOV... DEC... } 1 1 1 1 1 I I 1 I 1 1 3.3 4.1 4.2 4.1 4.3 4.9 5.8 6.0 6.5 7.1 7.2 6.5 0.3 0.3 0.3 0.4 0.4 0.4 0.5 0.6 0.6 0.6 0.5 0.6 3.1 3.8 4.0 4.2 4.4 4.5 4.5 4.6 4.6 4.6 4.6 4.4 57.8 58.1 53.4 53.7 59. a 59.3 59.6 59.8 59.9 59.9 60.2 60.4 42.2 43.8 44.9 45.4 45.9 45.9 46.0 47.8 48.8 48.8 49.5 50.3 1974 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG.*. SEP. . . OCT... NCV... DEC. . . 1 1 1 I 1 1 1 1 1 1 1 1 6.4 7.3 7.8 7.5 8.0 8.5 8.4 8.7 8.6 8.0 8.4 7.0 0.6 0.0 0.t> 0.7 0.9 1.0 1.2 1.2 1.4 1.4 1.4 1.4 4.4 4.9 5.4 5.9 6.3 6.4 6.5 6.4 6.1 6.2 6.6 6.7 60.4 6C.7 61.0 61.3 61.5 61.8 62.1 62.3 62.4 62.7 63.0 6 3.2 50.8 51.7 53.5 53.8 52.2 50.7 50.0 51.0 52.5 54.0 53.9 53.9 \ [ COMMERCIAL BANKER" S PAPER ACCEPTANCE 3374 371 3.2 3.2 3.4 3.6 3.8 4.0 4.4 4.6 4.2 3.8 3.5 | 3.5 3.8 3.8 3.9 3.7 3.4 3.2 3.2 3.2 3.3 3.4 3.3 t I I 1 I | | 4.7 4.9 5.1 5.5 6.2 7.3 9.0 10.4 10.3 10.2 10.2 10.2 32.7 33.4 33.6 33.7 33.8 34.1 34.6 34.5 34.1 34.8 35.7 35*2 35.2 35.5 34.6 34.2 35.0 35.7 35.6 36.3 37.4 39.6 42.3 42.0 3.1 3.1 3.3 3.4 3.4 3.6 3.9 4.3 4.6 4.8 4.8 4.6 | | 33.9 33.3 32.8 32.7 31.7 31.1 31.5 31.7 32.4 33.1 32.6 | I I 43.3 46.3 45.9 44.6 45.4 45.4 45.1 46.7 48.4 50.1 51.4 50.2 TABLE 7 COMPONENTS OF MONEY STOCK MEASURES AND LIQUID ASSETS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 7 1973 1976 1977 1978 1.3 1.2 1.2 1.1 1.2 i.l 1.1 1.2 1.4 1.5 1.6 i.7 6~7i 637? 6.9 6.8 6.8 7.0 6.9 6.9 7.3 7.5 7.6 7.8 7.9 63.9 64.2 64.5 64.9 65.2 65.6 66.0 66.3 66.6 66.9 67.2 SHORTTERM TREASURY SECURITIES 55.4 56.3 57.2 57.3 53.3 59.5 61.1 64.1 66.1 69.8 74.7 77.3 1.6 1.5 1.5 1.6 1.6 t>7.5 67.9 63.3 68.7 69.1 69.5 69.8 7C.3 70.8 71.1 71.5 71.8 78.8 79.2 79.9 80.1 79.0 76.4 79.3 60.8 81.0 82.3 82.6 SO.9 72.2 72.6 73.0 73.4 73.8 \ 74.3 74.7 75.1 [ 75.4 75.8 76.2 •**76.6 80.7 82.4 83.1 83.1 82.3 80.7 81.7 84.6 86.1 87.4 88.4 89.3 IJERS. R P " S IU£I£* JAN... 1 FES. . . j M,AR. . . 1 APR... I .MAY. . . 1 JUN... 1 JUL... I AUG... 1 SEP... 1 OCT... I NOV... I DEC. . . 1 7.6 8.3 8.7 9.3 11.3 10.4 10.4 12.6 12.0 11.2 12.4 13.2 1.9 2.0 1.9 1.8 1.8 1.8 8.2 8.6 8.7 8.9 9.3 9.5 9.7 9.8 9.7 9.9 10.2 10.3 JAN...1 FEB... \ MAR... 1 APR... 1 MAY... \ JUN... \ JUL... 1 AUG. . . i SEP... I OCT... 1 NCV... 1 DEC... 1 12.0 12.4 13.2 13.1 15.2 14.6 14.8 15.7 16.0 15.7 17.2 17.2 1.9 i.9 2.1 Z.Z 2.4 2.7 2.8 3.0 3.1 3.3 3.5 3.8 10.3 10.5 10.7 11.1 11.5 11.3 12.0 12.6 12.7 12.9 13.5 13.7 JAN...1 FEB... I MAR... 1 APR. . . 1 MAY. . . 1 JUN... 1 JUL... \ AUG... 1 SEP... 1 OCT... \ NOV... 1 D€C... 1 16.6 17.1 18.0 17.8 18.5 16.8 17.5 18.9 18.6 19.2 21.5 20.8 3.9 4.0 4.2 4.6 14.1 15.3 16.1 16.7 17.8 19.3 20.5 21.6 21.0 21.2 23.0 22.8 . l.a 1 I 1 1 1 1 5.0 5.1 5.2 5.3 5.4 5.6 5.8 5.9 SAVINGS BONDS TERM EURODOLLAR AT THRIFT 1 AT I COMMERCIAL 1 BANKS 6.4 JAN...I FEB... 1 7.2 MAR... 1 7.1 APR. . . \ 7.3 MAY. . . 1 7.7 JUN... 1 7.4 JUL. . . 1 7.7 7.6 AUG... \ 8.5 SEP... 1 8.0 OCT. . . I 8.3 NOV. . . I DEC... 1 7.3 I I [ 77.0 77.4 77.3 78.2 78.6 79.0 79.3 79.6 79.8 80.1 80.4 80.6 i 1 1 I 1 I 1 91.0 91.9 92.8 93.2 93.4 92.8 92.5 94.3 96.6 96.5 95.7 98.4 BANKER M S - COMMERCIAL PAPER ACCEPTANCE I t 1 1 1 1 ToT? ioTo 10.3 10.1 10.2 10.0 9.6 9.1 8.8 8.8 8.9 8.6 8.1 51.6 51.1 50.7 50.9 49.5 48.5 49.0 48.5 48.8 49.4 48.1 8.1 8.8 8.9 8.9 9.2 9.1 9.4 9.5 9.2 9.1 8.9 8.4 47.9 49.0 49.1 48.9 49.5 49.6 49.9 49.9 49.3 49.9 51.5 51.8 9.5 10.7 10.8 10.8 11.1 11.4 11.3 11.6 11.8 11.9 11.7 11.4 52.1 53.3 53.7 54.7 56.1 57.6 58.3 58.4 58.9 61.2 63.1 63.1 12.5 14.3 14.8 15.2 15.7 16.2 16.6 17.3 17.2 17.6 19.6 20.8 Y 1 I 1 64.3 65.8 66.0 67.6 69.7 70.6 71.4 71.4 71.9 74.4 77.6 79.4 TABLE 8 MEMORANDA ITEMS (BILLIONS OF DOLLARSf NOT SEASONALLY 1 DEiMAND DEPP.LUS 1 FOREIGN I COMMERCIAL 1 BANKS 1959 1960 1961 1962 1 DUE IP_ FOREIGN OFFICIAL INSTITUTIONS ~1Z~ 5T9 ' U.S. T I M E AND SAVINGS AT DUE TO COMMERCIAL FOREIGN BANKS OFFICIAL I I N S T & BANKS 2.4 4.3 2.3 3.7 2.3 2.4 4.6 2.3 5.2 4.0 2.2 4.9 2.1 2.0 5.1 1.9 5.2 1.8 4.9 1.7 4.7 1.6 4.9 ___ JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... CCT. . . NOV... DEC. . . 1 1 1 1 1 1 I 1 1 I 1 1• 4 1.5 1.4 1.4 1.4 1.4 1.3 1.3 1.3 1.3 .1.4; 0.9 1.0 0.9 0.9 0.9 0.9. 0.9 0.9 0.9 0.9 1.0 JAN... FEB... MAR... APR... MAY... JUN. . . JUL... AUG... SEP... UCT... NOV... DEC... 1 1 1 1 \ 1 I I 1 \ 1 1 1.3 1.3 i.3 1.3 1.3 1.3 ,1.3 1.3 1.3 1.3 i.3 1.3 0.9 0.8 0.8 0*8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 1.0 1.6 1.5 1.5 1.6 1.7 1.6 1.6 1.7 1.8 1.8 1.9 1.9 JAN...1 FEB... 1 MAR... 1 APR... 1 MAY... i JUN... 1 JUL... 1 AUG. . . 1 SEP... i OCT... i NOV... \ DEC. . . 1 i.3 1.3 1.4 1.3 1.3 1.3 1.2 1.2 1.3 1.3 1.3 i.4 0 .8 0.8 0.9 0.8 0.9 0.9 1.0 1.0 1.0 1.0 0.9 0.9 1.9 1.9 1.9 2.0 2.0 2.0 2.1 2.2 2.3 2.3 2.3 2.4 JAN... FEB... MAR... APR... MAY... JUN. . . JUL... AUG-.. SEP... OCT. . . NOV... DEC... 1.3 1.3 1.3 1.3 1.3 1.4 1.3 1.3 1.3 1.3 1.3 1.4 0.9 0.9 0.9 0.9 0.9 0.9 i.O 0.9 0.9 0.9 0.9 0.9 2.5 2.4 2.5 2.4 2-5 2.4 2.5 2.5 2.4 2.4 2.6 2.7 1 I 1 1 J 1 1 1 1 1 I I < 1 ADJUSTED) oQVERNMENT AT FEDERAL RESERVE BANKS DEMAND DEPOSJ NOTE 1 BALANCES AT BANKS AND T H R I F T S _. 0.4 0.5 0.5 0.5 0.5 0.5 0.6 0.5 0.5 0.5 0.5 oTo 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 0.0 0.0 0.0 1 1 3~b~ 4.7 4.2 5.1 5.8 4.5 5.4 5.6 5.7 5.4 5.2 5.4 4.1 4.1 4.3 3.6 6.4 6.3 6.7 6.1 5.4 5.7 5.8 4.7 0.5 0.5 0.5 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.1 4.8 4.7 2.8 4.7 4.5 4.3 5.5 5.2 6.5 5.8 4.9 0.5 0.5 0.5 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.6 5.3 5.2 3.3 5.1 5.0 4.8 5.9 5.6 6.9 6.3 5.4 0.4 0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 4.3 5.1 5.5 4.3 7.5 7.7 7.5 7-3 7.7 7. 8 6.5 6*2 3.8 4.7 5.0 3.8 7.0 7.2 7.0 6.8 7.2 7.3 6.1 5^6 | i | ! 1 1 1 I U . S . GOVT. T I M E AND SAVINGS DEPOSITS TOTAL 4.6 4.7 4.8 4.2 6.9 6.8 7.2 6.6 5.9 6.2 6.3 5.2 oTi ! 1 I | | | 1 t jr I | | I | 1 | i ! | | | | 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0-2 TABLE 8 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) 1 _J3EMA,N£ PEPQS1LS 1 FOREIGN I COMMERCIAL I BANKS 1963 1964 1965 1966 DUE TQ FOREIGN OFFICIAL INSTITUTIONS " U.S. GOVERNMENT DEMAND DEP0S1 TIME AND AT SAVINGS NOTE FEDERAL AT DUE TO BALANCES FOREIGN RESERVE COMMERCIAL AT BANKS OFFICIAL t AND THRIFTS BANKS BANKS INST & 2ANKSIL 1 2.8 4.8 .___ 0.8 2.9 0.0 5.7 3.0 0.9 0.0 6.0 3.0 0.9 4.2 0.0 7.1 3.1 0.9 0.0 3.1 0.0 0.8 7.5 3.1 0.9 0.0 7.8 3.2 0.8 0.0 6.3 0.9 6.6 3.3 1 0.0 3.3 0.9 5.3 0.0 0.9 3.3 4.3 0.0 3.4 0.9 5.1 0.0 JAN... 1 FEB... 1 MAR... 1 APR... 1 MAY... 1 JUN... 1 JUL... 1 AUG... I SEP... 1 OCT... i NOV,.. 1 DEC .-.. I 174 JAN... 1 FEB... 1 MAR... 1 APR... 1 MAY... 1 JUN.•• I JUL... I AUG... I SEP... I OCT... 1 NOV... 1 DEC... 1 1.5 1.5 1.5 1.5. 1.5 1.6 1.6 1.6 1.6 1.7 1.7 1.8 1.0 . 0.9 0.9 0.9 0.8 0.9 1.0 0.9 0.9 0.9 0.9 1.0 3.4 3.6 3.6 3.8 3.9 3.9 3.9 4.C 4.1 4.0 4.1 4.3 4,1 4.8 6.0 4.2 6.8 7.6 6.9 6.3 6.5 5.5 5.8 5.5 1.0 0.9 0.9 0.9 1.0 0.9 0.8 0.9 0.9 0.9 0.6 0.9 JAN... 1 FEB... 1 MAR. .. 1 APR... 1 MAY... 1 JUN... 1 JUL... I AUG... 1 SEP... 1 OCT... I NOV... 1 DEC... 1 1.8 1.8 1.7 1.7 1.7 1.8 1.8 1.7 1.8 1.8 1.8 1.8 1.0 0.9 0.9 0.9 0.8 0.9 0.9 0.9 1.0 1.0 1.0 1.0 4.3 4.4 4.5 4.6 4.6 4.5 4.6 4.6 4.6 4.6 4.6 4.5 4.2 5.7 6.6 5.5 9.7 9.1 9.0 7.3 5.5 5.0 4.1 4.6 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.9 1.0 1.0 0.9 0.7 ! JAN... 1 FEB... 1 MAR... 1 APR... 1 MAY... 1 JUN... I JUL. ••1 AUG... 1 SEP... I OCT... 1 NOV.^ 1 DEC... V 1.8 1.8 1.8 1.9 1.9 1.9 1.9 1.9 1.9 2.0 1.9 2.0 1.0 1.0 1.0 1.1 1.1 1.1 1.2 1.1 1.0 1.2 1.1 1.2 4.5 4.5 4.5 4.6 4.9 4.9 4.7 4.7 4.6 4.5 4.6 4.6 3.8 5.1 4.5 3.0 7.1 6.1 8.0 5.1 4.3 4.8 3.7 3.4 0.7 0.8 0.5 0.3 0.7 0.8 1.1 1.1 0.9 0.8 0.7 0.3 i 1.3 1.3 1.4 1.4 1.4 1.4 1.4 1.4" 1.4 1.4 1.6 T7o 0.9 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.9 oTi t 1 1 U.S. GOVT. TIME AND SAVINGS DEPOSITS TOTAL 576 o75 0.2 6.6 6.9 5.1 8.0 8.3 8.7 7.1 7.4 6.2 5.3 6.0 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.1 5.7 7.0 5.1 7.7 8.5 7.7 7.2 7.4 6.4 6.4 6.4 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.1 6.7 7.5 6.4 10.6 9.9 9.8 8.2 6.5 6.0 5.0 5.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 1 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 I o.o 1 0.0 4.5 5.9 5.0 3.3 7.8 6.9 9.0 6.2 5.2 5.5 4.4 3.7 0.3 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.3 0.2 0.2 0.2 i i 1 I 1 i 1 1 1 TABLE 8 MEMORANDA ITEMS (BILLIONS OF DOLLARSt NOT SEASONALLY ADJUSTED) 1 DEMAND 1 I I 1967 1968 DEPp:H T S T I M E AND " Lj^_£ny^aM£HL AT SAVINGS FEDERAL AT DUE TO FOREIGN COMMERCIAL FOREIGN OFFICIAL RESERVE OFFICIAL BANKS BANKS INSTITUTIONS LJLN£I_£_£Ali!<£J L J 4.2 4.8 1 0.6 5.1 4.9 1.1 4.9 4.9 0.5 1.1 5.0 1 0.9 4.8 1.1 1.0 6.5 5.1 1.2 1 0.7 4.0 5.3 1.1 5.7 5.5 1.2 1.1 5.7 1 1.0 4.3 1.1 0.6 5.0 5.7 1.1 5.8 6.3 1.0 1.2 1.2 1.2 5.3 5.6 5.7 1.2 0.9 5.0 FOREIGN COMMERCIAL BANKS JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... I 2T0 1 1 1 1 1 i 1 f 1 1 } 2.0 1.9 1.9 1.9 2.1 2.1 2.1 2.1 2.1 2.1 2.2 JAN... FEB... MAR... APR... MAY... JUN... JUL... AUG... SEP... OCT... NOV... DEC... I I 1 1 1 1 1 1 1 I I i 2.2 2.2 2.3 2.3 2.4 2.5 2.5 2.5 2.5 2.6 2.7 2.9 DUE TO ~ J 1 bT6 I7i NOTE BALANCES AT BANKS AND T H R I F T S TOTAL 477 oTo 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.2 1.2 1*2 1.2 1.4 5.6 5.9 5.8 5.7 5.6 5.3 5.2 5.3 5.3 5.5 5.4 5.4 5.0 7.2 6.7 4.3 6.5 5.6 5.8 5.7 6.0 6.3 4.5 5.0 1.0 1.0 0.9 0.7 1.1 1.0 1.0 1.0 0.6 1.1 0.8 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 1.2 1.2 1.3 1.2 1.2 1.3 1.3 1.3 1.3 1.3 1.3 5.5 5.5 5.4 5.3 5.3 5.2 5.C 5.1 5.Z 5.7 6.4 6.9 4.9 6.9 4.8 5.3 9.2 6.0 5.6 4.3 5.3 4.2 5.2 5.6 0.6 0.6 0.5 0.4 0.5 1.0 1.1 0.9 0.6 1.0 1.1 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 1.3 1.4 1.3 1.4 1.4 1.4 1.3 1.3 1.3 1.3 1.4 7.2 7.6 8.0 8.0 7.7 7.5 7.3 7.4 6.9 6.4 6.0 5.6 1.2 1.1 1.1 1.2 1.5 1.1 1.1 1.1 1.1 l.C 0.9 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 U . S . GOVT. T I M E ANO SAVINGS DEPOSITS 5.7 5.4 5.6 7.6 4.7 6.8 5.3 5.6 7.2 6.4 5.9 1 6.0 8.2 7.6 1 5.0 \ 7.5 6.6 6.9 6.6 6.6 7.4 5.3 5.4 bTi 0.2 1 1 1 1 1 1 1 f 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.5 0.4 0.4 0.4 0.4 I 1969 1970 JAN...1 FEB... 1 MAR... 1 APR. . . 1 MAY... I JUN... 1 JUL... 1 AUG. . . 1 SEP... 1 OCT... 1 NOV... 1 DEC... 1 2.9 2.8 2.6 2.9 2.9 2.9 3.0 3.0 3.0 3.1 3.2 3.3 JAN...1 FEB... 1 MAR... 1 APR... 1 MAY... 1 JUN... 1 JUL... 1 AUG.•• 1 SEP... 1 OCT... 1 NOV... 1 DEC... 1 3.2 3.2 3.3 3.4 3.3 3.3 3.4 3.3 3.4 3.4 3.5 3.6 | ] i I | 4.8 7.1 6.9 5.3 6.4 6.5 6.8 7.1 6.9 6.2 5.7 7.3 i 1 Ir o .o 1 1 5.5 7.6 5.3 5.7 9.7 7.0 6.7 5.2 5.9 5.2 6.2 6.8 6.0 8.2 8.1 6.5 7.8 7.5 7.9 8.1 7.9 7.2 6.6 8.1 1 1 f J 0.4 0.4 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.4 0.4 TABLE 8 MEMORANDA ITEMS (3ILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) " U.S. GOVERNMENT DEMAND DEPQS1 TIME AND NOTE AT SAVINGS AT DUE TO FEDERAL FOREIGN BALANCES AT BANKS FOREIGN OFFICIAL RESERVE COMMERCIAL BANKS OFFICIAL INSTITUTIONS AND THRIFTS BANKS INST & BANKS 5.3 Zla i7o ___ 1.3 0.0 8.5 4.9 1.0 0.0 4.9 1.3 0.8 5.5 5.6 1.3 0.0 5.0 1.0 0.0 8.0 1.3 5.2 1.1 0.0 5.5 1.3 0.7 5.5 7.0 1.3 0.0 5.8 1.5 7.0 1.5 0.0 6.0 1.1 1.3 7.7 6.1 0.0 I 1.6 5.4 6.1 1.3 0.0 2.1 4.0 6.1 1.3 0.0 1.7 6.9 5.9 1.5 0.0 1.9 1 DEMAND DEPOSITS 1 FOREIGN I COMMERCIAL I BANKS 1971 Tl~ DUE TO oTo JAN... I FES... 1 MAR... 1 APR. ..1 MAY... 1 JUN. ..1 JUL... 1 AUG... 1 SEP... 1 OCT... 1 NOV... I DEC... i 3.6 3.5 3.5 3.5 3.5 3.6 3.7 3.7 3.6 3.8 3.4 JAN... 1 FEB... 1 MAR. ..1 APR. ..1 MAY... 1 JUN... I JUL... 1 AUG.*. 1 SEP... 1 OCT... 1 NOV... 1 DEC... 1 3.7 3.7 3.8 3.8 3.9 4.0 4.1 4.1 4.2 4.4 4.2 4.5 1.3 1.2 1.2 1.2 1.3 1.2 1.5 1.3 1.3 1.4 1.3 1.7 5.9 6.1 6.2 6.2 6.3 6.4 6.5 6.6 6.8 7.1 7.5 8.0 7.4 7.4 7.9 7.7 10.5 6.9 7.3 5.3 6.0 6.7 6.3 7.4 2.8 2.4 0.9 1.7 2.1 2.7 2.4 2.0 0.9 1.4 1.3 1.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1973 JAN... I FEB... 1 MAR... 1 APR. ..j MAY... I JUN... 1 JUL... I AUG. ..1 SEP. ..1 OCT... 1 NOV... 1 DEC... 1 4.5 4.3 4.2 4.4 4.5 4.8 4.9 5.1 5.0 5.2 5.5 6.1 1.5 1.6 1.6 1.6 1.7 1.7 1.9 1.7 1.8 1.8 2.0 2.1 8.3 8.7 9.0 9.2 9.7 10.0 10.0 10.0 10.2 10.7 10.7 10.7 8.1 9.9 10.4 8.3 3.7 7.1 6.5 4.1 5.3 6.0 4.3 6.3 2.1 3.0 3.6 3.5 4.1 2.4 3.4 1.7 0.8 1.7 1.8 1.9 1974 JAN... 1 FEB... 1 MAR*•• 1 APR... 1 MAY... I JUN. ..1 JUL. ..1 AUG... 1 SEP... { OCT... I NOV... 1 DEC... 1 6.2 6.1 6.3 6.3 6.7 6.9 7.3 6.8 6.7 6.9 7.1 7.7 2.2 2.2 2.0 2.5 2.1 2.5 2.3 2.1 2.3 2.2 2.2 2.5 10.6 10.5 10.2 10.6 10.8 11.3 12.5 14.0 14.4 14.8 15.1 15.6 8.1 6.6 6.4 6.0 7.6 6.1 5.4 4.0 5.5 3.7 3.4 4.9 2.5 3.0 1.8 1.7 3.0 2.0 2.8 2.6 2.5 1.6 0.9 1.8 1972 1 1 1 ! 1 1 1 1 U.S. GOVT. TIME AND SAVINGS DEPOSITS TOTAL 574 T Ti 9.5 6.3 6.6 9.1 6.1 8.5 8.1 9.3 7.5 5.8 8.8 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 10.2 9.9 8.8 9.4 12.7 9.5 9.7 7.3 6.9 8.1 7.6 8.8 0.5 0.5 0.5 0.4 0.5 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.2 12.8 14.0 11.8 12.8 9.5 9.9 5.8 6.1 7.7 6.1 8.2 0.6 0.6 0.7 0.7 0.7 0.8 0.6 0.5 0.5 0.5 0.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10.5 9.5 8.2 7.7 10.5 8.1 8.2 6.6 8.0 5.3 4.2 6.6 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.5 0.5 0.5 - 1 1 1 I I 1 t 1 I TABLE 8 MEMORANDA ITEMS (BILLIONS OF DOLLARS, NOT SEASONALLY ADJUSTED) -QEMANP 3EEfl£lXS—Q-UE-ia.. FOREIGN COMMERCIAL BANKS 1975 1976 1977 1978 FOREIGN OFFICIAL i INSTITUTIONS T I M E AND SAVINGS AT DUE TO COMMERCIAL FOREIGN BANKS OFFICIAL I N S T & BANKS 4~7o 16.1 15.9 3.3 3.8 15.8 i 4.0 16.0 4.1 - 16.7 16.6 4.2 16.2 3.4 2.7 15.6 15.8 S 3.9 3.4 16.3 3.5 15.7 4.1 15.7 >t GOVERNMENT AT FEDERAL RESERVE BANKS JAN... FEB. . . MAR. . . , APR. . . MAY. . . JUN, . . JUL. . . AUG. « . SEP. . . OCT... NOV... DEC..* 774 ___ 6.9 6.7 6.4 6.6 6.4 6.7 6.5 6.7 6.7 6.7 7.0 2.2 2.3 2.3 2.1 2.3 2.2 2.2 2.3 2.2 2.2 2.3 JAN.*. FEB*,* MAR. . . APR. . . MAY... J UN. . . ; JUL. * * , AgG, , . | SEP* . . . OCT. . . ' NCV... D EC « * e 6.9 7.1 7.2 7.2 7.3 7.4 7.6 7.4 7.7 7.7 3.1 8.3 2.5 2.3 2.3 2.2 2.3 2.4 2.5 2-4 2.3 2.4 2.5 2.3 15.2 14.1 13.0 12.0 12.3 13.0 13.0 12.4 12.4 12.3 11.7 12.2 5.0 4.0 4.1 4.4 5.9 8.8 7.7 5.2 7.3 6.8 7.4 7.8 8.2 9.2 6.7 0.1 JAN.*. FEB. • • MAR... APR. „ 6 MAY.. . J U H« * « JUL. AUG. . . SEP. . . ^Cl..e NOV..» DEC... 8.1 8.0 S.C 8.C S.3 8.6 9.1 8.9 8.6 8«8 9.1 10.2 2.8 2.2 2.3 2.4 2.5 2.6 2.8 2.6 2.7 2-7 2.6 3.1 12.0 11.4 11.2 11.2 11.6 12.2 11.5 11.3 10.9 11.2 11.5 11.6 3.9 4.2 4.3 5.4 3.6 5.0 3.6 3.4 5.0 3.7 3.5 5.1 7.9 10.7 8.5 7.4 10.9 7.0 8.9 6.0 6.9 6.7 2.4 5.6 JAN... FEB... MAR... APR... MAY.., JUN« . * JUL*.* AUG. . . SEP.., OCT... NOV... DEC... 9.8 10.5 10.3 9.9 10.2 10.2 10.0 10 . 1 9.9 10.C 10.2 10.9 3.0 2.8 2.7 2.9 2.6 2.5 2,6 2.t> 2.6 2.7 2.6 2-8 11*3 12.1 12.1 11.7 11.4 11.3 1C.9 10.9 11.2 11.2 11.8 11.6 4.3 4.3 4. 8 5.0 4.0 6.2 4.4 3.5 6.2 4.3 2.7 3.3 7.5 5.7 4.7 5.2 6.4 7.5 10.6 9.9 11.0 15.0 a.2 4.0 | 3.8 4.5 3.9 3.9 3.8 4.8 3.5 3.7 5To 2.4 1.9 3.5 8.0 3.5 2.2 0.8 3.4 4.9 4.3 4.0 1 NOTE I BALANCES 1 AT BANKS 1 AND T H R I F T S J U . S . GOVT. T I M E AND SAVINGS DEPOSITS TOTAL J " iTo " oTi 1 1 1 1 1 1 1 1 1 1 ! 1 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1 1 { 1 1 1 j I 1 1 1 1 1 1 i 1 1 1 1 1 1 I 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 9.7 13.3 11.7 9.0 11.0 11.6 10.8 11.5 13.2 13.2 10.8 10.5 0.6 0.6 0.7 0.6 0.7 0.7 0.8 0-8 0.8 0.7 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 11.8 14.9 12.8 12.8 14.5 12.0 12.5 9.5 11.8 10.4 6.0 10.8 0.7 G«7 0,7 0.7 0.7 0.8 0.8 0.8 0.9 0*9 0.9 0.9 11.8 10.0 9.5 10.2 10.4 13.7 15.1 13.5 17.2 19.3 16.5 14.3 0.9 0.6 0,9 0*9 1.0 1,0 1.0 1.0 1.0 0.9 0.9 0.9 i 1 0.0 1 i 1 1 1 I 1 j 1 I 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.6 7.0 1 1 j s 5.7 5.7 7.6 12.1 7.7 5.6 3.6 7.3 8.3 7.8 8.1 1 i 1 I \ 1 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.6 0,6 0.6 0.6 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY CBILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1970 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 7...I 14... 21...1 28... 4... 11... 18... 25. . . 4... 11... 18... 25... 1... 1 8. . . 15... 22... 1 29... o. . . 13.. . 20. . . 27... 3... 10... 17... 24... 1... 8. . . 15... 22. . . 29.. . 5... 12... 19... 26... 2... 9... 16.. . 23...1 30... 7... 14... 21... 28... 4... 11... 18... 25... 2... 9...I 16...I 23... 30... M-1A M-1B 205.9 207.3 207.7 207.3 206.5 205.3 205.3 205.3 205.9 206.4 206.6 206.8 207.9 207.9 207.7 208.3 208.7 209.1 208.4 209.2 209.3 209.2 208.5 210.0 208.6 209.4 208.9 208.9 209.3 209.7 210.5 210.7 211.6 211.6 212.4 211.9 212.6 212.6 212.8 213.5 213.3 213.6 213.6 213.7 213.8 214.4 214.4 214.7 214.4 215.5 215.4 215.2 206.0 207.4 207.8 207.4 206.6 205.4 205.4 205.4 206.0 206.5 206.7 206.9 208.0 208.0 207.8 208.4 208.8 209.2 208.5 209.3 209.4 209.3 208.6 210.1 208.7 209.5 209.0 209.0 209.4 209.8 210.6 210.8 211.7 211.7 212.5 212.0 212.7 212.7 212.9 213.6 213.4 213.7 213.7 213.8 213.9 214.5 214.5 214.8 214.5 215.6 215.5 215.3 t 1 ! 1 1 1 1 ! 1 1 1 1 NOT SEASONALLY ADJUSTED DEMAND | DEPOSITS | 1 CURRENCY I 1 I I 1 1 467l 46.3 46.3 46.4 46.5 46.4 46.5 46.6 46.6 46.6 46.7 46.8 46.9 46.9 46.9 47.0 47.2 47.4 47.5 47.6 47.6 47.6 47.7 47.7 47.7 47.8 47.8 47.9 48.0 48.0 48.0 48.1 48.1 48.1 48.2 48.2 48.3 48.3 48.4 48.5 48.5 48.5 48.6 48.7 48.7 48.8 48.8 48.9 49.0 49.0 49.1 49.2 | : 1 1 1 1 1 I [ 1 1 159.8 161.0 161.3 160.9 160.0 158.8 158.8 158.8 159.3 159.8 159.9 160.0 161.0 161.0 160.8 161.3 161.5 161.7 160.9 161.6 161.8 161.6 160.8 162.3 160.9 161.6 161.0 161.0 161.3 161.8 162.4 162.6 163.4 163.4 164.2 163.6 164.3 164.3 164.4 165.0 164.8 165.1 165.0 165.0 165.1 165.6 165.6 165.8 165.5 166.4 166.3 166.0 |1 |1 |1 |1 11 I1 |r |1 |1 I1 JI |1 |1 |1 |1 |1 |1 |1 |1 |1 |I |! j1 I1 |I II I( |1 |I |1 II |1 II |1 I1 |1 |1 |1 I1 I1 |1 |1 I1 II |1 |I 11 |I II |I 11 II M-1A 1 M-1B 217.1 214.7 212.3 206.6 206.3 203.9 203.4 200.0 204.0 204.5 205.0 202.7 206.1 209.3 210.9 210.6 206.5 207.0 205.2 205.4 203.6 206.7 207.4 210.2 205.6 208.2 210.1 210.5 208.2 207.1 209.3 209.0 209.6 207.3 210.0 211.1 214.3 211.0 210.4 213.8 213.5 213.9 211.6 215.4 215.0 216.8 214.4 217.6 218.3 222.1 221.5 221.9 1 iiTTi 214.8 212.4 I 206.7 I 206.4 ! 204.0 | 203.5 | 200.1 204.1 I 204.6 I\ 205.1 202.8 206.2 209.4 1 211.0 210.7 206.6 I 207.1 205.3 205.5 203.7 206.8 207.5 210.3 205.7 208.3 210.2 210.6 208.3 207.2 209.4 209.1 209.7 207.4 210.1 211.2 214.4 211.1 210.5 1 213.9 1 213.6 214.0 1 211.7 1 215.5 1 215.1 1 216.9 1 214.5 1 217.7 1 218.4 1 222.2 1 221.6 1 222.0 DEMAND DEPOSITS CURRENCY | 1 1 1 [ 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 46.6 46.3 46.0 45.5 45.8 46.2 46.0 45.7 46.0 46.5 46.4 46.2 46.3 46.9 46.8 46.6 46.4 47.2 47.4 47.3 47.0 47.6 48.0 47.8 47.6 47.5 48.9 48.4 48.2 47.7 48.3 48.6 48.4 48.0 47.9 48.9 48.3 48.0 47.7 48.6 48.7 48.5 48.1 48.5 49.3 49.2 49.1 49.3 50.0 49.8 50.2 5 0.1 | I I ! ! ' 1 1 1 1 1 I 1 I 1 1 1 OTHER CHECKABLE DEPOSITS 0.1 170.5~~ 1 0.1 168.4 0.1 166.4 ] 0.1 161.1 0.1 160.5 1 0.1 157.7 1 0.1 157.4 I 0.1 154.3 0.1 158.0 0.1 158.0 158.6 I 0.1 0.1 156.5 0.1 159.9 0.1 162.5 1 0.1 164.2 0.1 164.0 160.0 0.1 0.1 159.8 0.1 157.8 0.1 158.2 0.1 156.6 0.1 159.1 159.4 0.1 0.1 162.4 158.0 0.1 160.6 0.1 0.1 161.2 0.1 162.1 0.1 160.0 159.3 0.1 0.1 161.0 0.1 160.3 0.1 161.1 0.1 159.3 0.1 162.1 0.1 162.1 165.9 0.1 0.1 162.9 0.1 162.6 1 0.1 165.2 0.1 164.8 0.1 165.4 0.1 163.5 166.8 1 0.1 1 0.1 165.7 1 0.1 167.6 165.2 1 0.1 1 0.1 168.3 I 0.1 168.3 1 0.1 172.3 1 0.1 171.3 171.8 1 0.1 TABLE 9 MONEY STOCK MEASURES AND.COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1971 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 1 M-1A 6... 1 13... 1 20.. . 1 27... I 3... 1 10... 1 17... 1 24... 1 3... 1 10... 1 17... 1 24... 1 31... I 7... 1 14... f 21... 1 28... 1 5... 1 12... 1 19... 1 26. . . 1 2... 1 9... 1 16... 1 23... 1 30... 1 7... 1 14.. . 1 21... 1 28... 1 4... 1 11... 1 18... I 25... 1 1... 1 8... 1 15... 1 22... 1 29... 1 6... 1 13... 1 20... 1 27... 1 3... 1 10. . . 1 17... 1 24... 1 1... 1 8... 1 15... 1 22... 1 29... 1 21579 216.5 216.8 217.1 217.3 217.5 218.0 218.4 219.2 219.5 219.7 220.3 220.6 221.2 221.2 221.7 221.5 222.6 223.5 223.7 224.6 224.6 223.9 225.1 225.2 225.6 226.0 225.3 226.5 227.0 226.4 226.7 226.6 227.0 227.1 227.2 227.2 227.5 227.6 227.6 228.0 228.2 228.8 228.4 228.1 228.2 228.3 228.4 229.0 229.1 229.2 229.4 ' | | I | 1 I I 1 I M-1B CURRENCY 2T6T0 49.3 49.4 49.4 49.5 49 . 6 49.6 49.8 49.8 49.9 49.9 49.9 50.0 50.1 50.2 50.3 50.4 49.9 50.5 50.5 50.6 50.7 50.8 50.8 50.9 51.0 51.2 51.3 51.5 51.6 51.6 51.6 51.6 51.7 51.7 51.8 51.9 52.0 52.1 52.1 52.2 52.2 52.2 52.3 52.3 52.3 52.3 52.4 52.4 52.5 52.6 52.6 52.6 216.6 216.9 217.2 217.4 217.6 218.1 218.5 219.3 219.6 219.8 220.4 220.7 221.3 221.4 221.8 221.6 222.8 223.6 223.8 224.7 224.7 224.0 225.2 225.4 225.7 226.1 225.4 226.6 227.1 226.5 226.9 226.8 227.1 227.3 227.3 227.4 227.6 227*7 227.7 228.1 228.3 229.0 228.5 228.2 228.3 228.4 228.5 229.1 229.2 229.4 229.6 I 1 1 1 1 1 1 I I I 1 1 NOT SEASONALLY"ADJUSTED DEMAND 1 DEPOSITS 1 I 1 1 1 1 1 1 1 1 1 1 1 1 ! 1 1 166.6 167.1 167.4 167.6 167.7 167.9 168.1 168.7 169.3 169.6 169.8 170.3 170.5 171.0 171.0 171.3 171.6 172.2 172.9 173.1 173.9 173.8 173.0 174.2 174.2 174.4 174.7 173.8 174.9 175.4 174.8 175.1 174.9 175.2 175.3 175.3 175.2 175.4 175.5 175.5 175.8 176.0 176.5 176.1 175.8 175.9 175.9 176.0 V76-5 176.5 176.7 176.8 1I I1 II |1 |1 |1 II |1 |I |1 I1 I1 I1 I1 II I1 |! 11 |1 I1 11 |1 I1 1! 11 |1 |1 I1 |1 |1 I1 |1 |1 I1 11 II I1 I1 |1 |1 I1 |1 I1 I1 |1 |1 I1 I 1 l1 11 |1 I1 M-1A M-1B 227.6 224.2 221.6 216.7 217.0 216.1 215.9 213.3 216.8 217.0 218.1 216.7 217.9 222.8 224.3 224.4 220.0 220.3 220.5 219.9 218.7 221.6 223.0 225.6 222.8 224.0 227.7 226.9 226.3 224.0 225.3 225.4 225.1 222.9 223.7 226.1 228.3 226.7 224.4 227.4 227.9 228.4 227.1 229.9 229.6 230.9 228.5 230.3 233.2 235.6 236.1 236.1 227.7 224.3 221.7 216.8 217.1 216.2 216.0 213.4 216.9 217.1 218.2 216.8 218.0 222.9 224.4 224.5 220.1 220.4 220.6 220.0 218.8 221.7 223.1 225.7 222.9 224.1 227.8 227.0 226.4 224.1 225.5 225.5 225.3 223.0 223.9 226.2 228.5 226.8 224.5 227.6 228.0 228.6 227.2 230.0 229.7 231.0 228.7 230.4 233.3 235.7 236.2 236.2 ! 1 1 1 I 1 1 1 DEMAND DEPOSITS CURRENCY ~497i 1 I 49.4 49.0 48.5 48.8 49.3 49.4 48.8 49.2 49.8 49.7 49.5 49.3 50.3 50.4 50.0 49.6 50.2 50.7 50.* 50.2 50.7 51.3 51.1 51.0 50.9 52.4 52.1 51.9 51.4 51.8 52.3 52.1 51.7 51.4 52.5 52.1 51.8 51.3 52.2 52.5 52.1 51.9 52.0 52.9 52.8 52.8 52.7 53.6 53.4 53.7 53.6 1 1 I 1 1 I I | i I I | | | 177.8 174.8 172.6 168.1 168.2 166.7 166.5 164.5 167.6 167.2 168.5 167.2 168.6 172.5 173.9 174.4 170.4 17 0 . 1 16 9 . 8 169.4 168.5 170.9 171.6 174.5 171.8 173.0 175.4 174.8 174.4 172.6 173.5 173.0 173.0 171.2 172.3 173.5 176.3 174.9 173.0 175.3 175*4 176.3 175.1 177.9 176.7 178.2 175.7 177.5 179.7 182.2 182.3 182.5 OTHER I CHECKABLE DEPOSITS 0.1 0.1 1 0.1 0.1 0.1 0.1 0.1 1 0.1 0.1 1 0.1 0.1 I I 1 1 | I 1 1 1 1 1 I 1 1 1 1 o.i o.i 1 1 o.i 1 1 t I | | | 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 o.v J | 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 I 1 1 1 1 1 1 I 1 1 i 1 1 1 1 I 1 1 J TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1972 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC 5... 12... 19.•• 26. . . 2... 9... 16... 23... 1... 8... 15... 22... 29... 5... 12... 19. . . 26... 3... 10... 17... 24. . . 31... 7... 14... 21. .. 28... 5... 12. . . 19... 26... 2... 9... 16... 23.. . 30... 6. . . 13... 20.. . 27... 4... 11... 18... 25... 1... 8. . • 15... 22.. . 29... 6. . . 13... 20... 27... 1 I 1 I ! 1 1 1 1 230T2 230.9 231.7 232.2 232.3 232.5 233.1 233.4 234.1 234.6 235.4 235.9 236.2 236.6 236.8 237.0 237.0 237.2 237.0 237.3 237.2 237.7 238.0 238.2 238.5 238.9 239.3 240.1 239.8 240.5 241.2 241.4 242.2 242.4 243.1 244.5 244.1 244.2 244.7 245.2 245.8 246.0 246.3 246.7 246.8 247.0 247.3 247.9 249.1 249.2 250.9 251.5 23075 1 1 I 1 1 1 [ 231.0 231.9 232.3 232.4 232.7 233.2 233.6 234.2 234.7 235.6 236.0 236.3 236.8 236.9 237.1 237.2 237.3 237.2 237.5 237.4 237.8 238.1 238.3 238.7 239.0 239.5 240.2 239.9 240.6 241.3 241.5 242.3 242.5 243.3 244.7 244.2 244.4 244.8 245.3 245.9 246.1 246.4 246.9 247.0 247.1 247.5 248.0 249.2 249.3 251.0 251.6 DEMAND | DEPOSITS 1 I CURRENCY M-1B M-1A NOT SEASONALLY ADJUSTED 17772 ilTo 1 1 1 52.8 52.9 52.9 53.0 53.1 53.2 53.3 53.4 53.5 53.5 53.6 53.7 53.6 53.6 53.7 53.8 53.9 53.9 54.0 54.0 54.2 54.2 54.3 54.4 54.4 54.5 54.6 54.7 54.7 54.8 54.8 54.9 55.0 55.1 55.2 55.3 55.4 55.5 55.6 55.7 55.9 55.9 56.1 56.2 56.3 56.4 56.5 56.6 56.8 56.9 57.0 ! 1 ! 1 1 1 1 I 178.1 178.9 179.3 179.3 179.4 179.9 180.2 180.7 181.1 181.9 182.2 182.5 183.0 183.1 183.2 183.2 183.4 183.1 183.3 183.2 183.5 183.8 183.9 184.1 184.5 184.8 185.4 185.1 185.8 186.4 186.6 187.3 187.4 188.0 189.3 188.8 188.8 189.2 189.6 190.0 190.1 190.4 190.7 190.6 190.7 190.9 191.4 192.5 192.5 194.0 194.5 1 1"' |1 |I I1 I1 |1 |1 |I |1 |I |1 |I |1 |I |1 I1 II I1 11 I1 |1 I1 1I I1 | I |1 |I I1 |1 I1 |I |1 |I |1 |) |1 1I |1 I1 |1 |1 |1 |1 |1 I1 |1 |1 |1 I1 I1 |1 |1 M-1A 24271 239.5 237.3 232.2 231.4 231.1 230.8 228.8 229.5 231.8 233.5 233.4 232.0 237.9 239.7 240.6 236.3 235.3 233.3 234.9 231.5 233.2 237.0 238.1 238.1 235.4 240.8 242.1 241.0 238.1 239.6 239.9 240.7 239.1 238.6 243.5 244.3 244.0 240.1 244.3 245.7 246.4 244.7 246.5 248.3 249.7 249.1 248.4 253.1 254.9 258.4 258.7 ! 1 1 1 1 t 1 1 1 1 1 1 1 24274 239.6 237.4 232.3 231.5 231.2 230.9 228.9 229.6 231.9 233.6 233.5 232.2 238.0 239.8 240.7 236.5 235.4 233.5 235.1 231.6 233.3 237.1 238.3 238.2 235.5 240.9 242.3 241.1 238.2 239.7 240.1 240.9 239.2 238.8 243.6 244.4 244.2 240.3 244.4 245.9 246.5 244.8 246.6 248.5 249.9 249.2 248.5 253.3 255.0 258.5 258.9 DEMAND DEPOSITS CURRENCY i M-1B 5375 I | 1 1 53.0 52.6 52.0 52.0 52.9 52.7 52.6 52.3 53.2 53.2 ' 53.1 52.8 53.6 53.8 53.5 53.1 53.4 54.2 54.0 53.8 53.8 54.5 54.6 54.5 54.1 55.2 55.4 55.1 54.7 54.7 55.6 55.3 55.1 54.6 55.6 55.5 55.2 54.8 55.3 56.3 55.9 55.7 55.3 56.7 56.8 57.0 56.7 57.4 57.8 58.0 58.4 I i | I | I 1 I 1 1 1 189.0 186.5 184.8 180.2 179.4 178.2 178.1 176.2 177.2 178.6 180.3 180.2 179.2 184.3 185.9 187.1 183.2 181.9 179.1 180.9 177.7 179.3 182.5 183.5 183.6 181.3 185.6 186.7 185.9 183.4 184.9 184.3 185.4 184.0 184.0 187.8 188.8 188.8 185.4 189.0 189.5 190.5 189.0 191.2 191.6 192.9 192.1 191.8 195.7 197.1 200.4 200.3 OTHER CHECKABLE DEPOSITS 0.1 0.1 0.1 0.1 I 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 I 0.1 | 0.1 0.1 0.1 0.1 0.1 | 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 I 0.1 0.1 0.1 0.1 0.1 0.1 1 0.1 | 1 1 I I I ! I | | I 1 1 1 1 1 I 1 1 1 1 1 I I I 1 1 1 I 1 1 I 1 1 1 1 1 1 t I 1 1 I 1 1 1 I 1 1 I I 1 1 1 1 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF -DOLLARS) SEASONALLY ADJUSTED 1973 JAN JAN JAN JAN JAN FEB FEB FEB FE8 MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 3... 10... 17...I 24. . . 31... 7... 14... 21... 28... 7... 14... 21... 28...1 4... 11... 18...1 25... 2... 9...I 16. . . 23... 30... 6... 13... 20... 27... 4... 11. . . 18... 25... 1 . . . 8. . . 15... 22.^. 29... 5... 12... 19... 26. . . 3... 10... 17... 24. . . 3 1 . . . 7... 14. . . 21... 28. •• 5... 12... 19... 2 6 . • . ][ M-1A M-1B CURRENCY 252.2 252.2 252.6 252.9 253.1 253.2 253.5 253.7 253.4 253.4 253.0 253.2 253.5 253.2 253.4 253.6 254.2 255.1 255.7 256.2 256.5 257.0 257.7 258.1 258.7 259.3 258.7 258.8 258.8 259.4 258.8 258.9 259.3 259.8 259.2 258.7 259.0 259.1 259.3 259.7 259.9 260.3 259.3 260.8 261.3 261.8 262.3 262.6 262.8 263.8 264.0 264.6 25274 252.4 252.8 253.1 253.3 253.4 253.7 253.9 253.6 253.6 253.3 253.4 253.7 253.4 253.6 253.8 254.5 255.4 255.9 256.4 256.8 257.2 257.9 258.4 259.0 259.6 259.0 259.1 259.0 259.7 259.1 259.1 259.6 260.1 259.4 258.9 259.3 259.4 259.5 260.0 260.1 260.5 259.6 261.1 261.6 262.1 262.6 262.9 263.1 264.1 264.3 264.9 5771 | | | | I | ( \ I I I I 1 1 1 I I I 1 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 1 I ! E I 1 I 57.2 57.2 57.3 57.3 57.4 57.5 57.6 57.6 57.7 57.8 58.0 58.1 58.2 58.3 58.5 58.5 58.6 58.8 58.8 58.9 59.0 59.1 59.2 59.3 59.4 59.4 59.5 59.5 59.6 59.6 59.7 59.8 59.9 60.0 60.1 60.2 60.3 60.3 60.4 60.5 60.6 60.7 60.8 60.8 61.0 61.1 61.2 61.2 61.4 61.5 61.7 NOT SEASONALLY ADJUSTED DEMAND DEPOSITS t 11 M-1A J I 1 1 1 195.1 195.0 195.5 195.6 195.8 195.8 196.0 196.1 195.7 195.7 195.2 195.2 195.4 195.1 195.1 195.1 195.7 196.5 196.9 197.3 197.6 198.0 198.6 198.9 199.4 200.0 199.3 199.3 199.2 199.9 199.2 199.1 199.5 199.9 199.2 198.6 198.8 198.9 198.9 199.3 199.3 199.7 198.6 200.0 200.4 200.8 201.2 201.4 201.6 202.5 202.5 202.9 I 1 11 I 1 I 1 I1 | 1 I 1 I 1 I 1 I 1 11 I1 I 1 I 1 | 1 | 1 | 1 | 1 | 1 I 1 | 1 I 1 I 1 I 1 | 1 I 1 11 11 11 | 1 I1 | 1 I 1 I 1 I1 11 | 1 I 1 I 1 I 1 I I I 1 |1 I 1 I 1 I 1 i1 |1 I 1 11 11 I1 1 J 265.2 262.0 260.3 254.6 250.9 251.5 250.3 249.7 247.2 250.7 250.3 250.8 248.2 253.1 256.1 258.5 254.0 253.0 252.1 253.4 250.9 251.0 256.4 258.2 258.9 255.7 260.1 261.4 261.0 256.7 256.8 257.4 258.4 257.2 254.0 257.3 259.3 259.4 254.5 258.4 259.2 261.5 257.6 259.7 263.4 264.6 264.5 263.0 266.5 270.0 271.9 272.2 1 1 1 1 1 1 1 1 1 1 | \ 265.4 262.2 260.5 254.7 251.1 251.7 250.5 249.9 247.4 250.9 250.5 251.0 248.5 253.4 256.3 258.7 254.2 253.2 252.4 253.6 251.2 251.3 256.6 258.5 259.1 256.0 260.4 261.7 261.2 257.0 257.0 257.7 258.7 257.4 254.3 257.5 259.6 259.6 254.8 258.7 259.5 261.7 257.9 260.0 263.7 264.8 264.8 263.3 266.8 270.3 272.2 272.5 DEMAND DEPOSITS CURRENCY M-1B 5774 1 I I 57.6 57.0 56.4 55.9 56.8 57.0 56.9 56.4 57.4 57.6 57.5 57.1 57.7 58.7 58.5 58.1 57.8 59.1 58.8 58.6 58.6 59.4 5 9.7 59.5 59.0 59.8 60.5 60.1 59.6 59.4 60.5 60.3 60.1 59.5 60.3 6 0.5 60.1 59.6 59.9 61.1 60.6 60.4 59.9 61.1 61.5 61.7 61.4 61.9 62.7 62.8 63.4 1 1 1 1 [ 1 i 1 I I I | 1 207.8 204.4 203.3 198.2 195.0 194.7 193.2 192.8 190.8 193.3 192.7 193.3 191.1 195.4 197.4 200.0 195.9 195.2 193.0 194.6 192.3 192.4 197.0 198.5 199.4 196.8 200.3 200.9 200.8 197.1 197.4 197.0 198.1 197.1 194.6 197.0 198.8 199.3 194.9 198.5 19a.l 200.9 197.2 199.8 202.2 203.0 202.8 201.6 204.6 207.3 209.2 208.8 OTHER ICHECKABLE DEPOSITS 0.2 I 0.2 0.2 1 0.2 0.2 1 0.2 1 0.2 1 0.2 1 0.2 1 0.2 1 0.2 1 0.2 1 0.2 1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 1 j 0.3 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY IBILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1974 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 2... 9... 16... 23... 30... 6. . . 13... 20... 27... 6... 13... 20... 27... 3... 10.. . 17... 24... 1 . . . 8... 15... 22... 29... 5... 12... 19... 26. •• 3... 10... 17... 24... 3 1 . . . 7... 14... 21... 28... 4 . . . 11... 18. •• 25... 2... 9... I 16... I 23... 30. •• I 6. . . 13. . . 20. . . 27... 4 . . . 11... 18... 25... NOT SEASONALLY ADJUSTED M-1A M-1B CURRENCY DEMAND DEPOSITS 264.7 264.9 265.0 264.9 265.2 265.5 266.3 266.7 267.1 267.7 268.0 268.0 268.1 268.2 267.4 268.2 268.1 268.1 268.4 268.8 269.3 268.4 269.3 269.8 269.9 270.9 271.0 270.1 270.2 269.9 270.1 270.7 271.5 271.1 270.5 271.2 271.5 271.7 271.8 272.4 272.5 272.9 273.1 273.2 273.8 274.2 274.4 275.1 275.6 275.5 275.1 275.2 265.0 265.2 265.3 265.2 265.4 265.8 266.6 267.0 267.4 268.0 268.3 268.3 268.4 268.5 267.7 268.5 268.4 268.4 268.8 269.1 269.6 268.8 269.7 270.1 270.3 271.3 271.3 270.4 270.6 270.2 270.4 271.1 271.8 271.4 270.9 271.6 271.9 272.1 272.2 272.8 272.9 273.3 273.5 273.6 274.2 274.6 274.8 275.5 276.0 275.9 275.5 275.7 61.7 61.9 62.1 62.2 62.3 62.4 62.5 62.7 62.8 63.0 63.1 63.2 63.3 63.5 63.6 63.7 63.8 64.0 64.1 64.2 64.3 64.4 64.5 64.5 64.6 64.6 64.7 64.8 64.8 64.9 65.1 65.2 65.4 65.5 65.7 65.8 65.9 66.0 66.1 66.3 66.5 66.6 66.8 66.9 67.0 67.2 67.3 67.4 67.6 67.7 67.8 67.9 203.0" 203.0 202.9 202.7 202.8 203.0 203.8 204.1 204.3 204.7 204.9 204.8 204.8 204.7 203.8 204.5 204.3 204.1 204.3 204.6 205.0 204.1 204.8 205.3 205.4 206.3 206.2 205.3 205.4 205.0 205.0 205.5 206.0 205.5 204.9 205.5 205.7 205.8 205.7 206.2 206.1 206.3 206.4 206.3 206.7 206.9 207.1 207.6 207.9 207.8 207.3 207.3 1 I 1 1 1 1 I ! I I 1 1 1 i 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 t ! 1 1 1 1 1 ! 1 1 1 T 11 M-1B M-1A | I """27776 275.7 | 1 | 1 273.3 267.1 I I 1 1 261.4 263.4 |i 262.9 11 | 1 263.0 260.0 i I 265.4 I I I 1 265.1 264.7 I 1 I1 262.2 267.4 | I I 1 270.2 274.9 11 268.7 I 1 I 1 265.1 264.9 11 I 1 265.8 | 1 264.4 | 1 261.7 | 1 267.5 I 1 270.0 | 1 270.4 11 267.7 272.6 | 1 272.8 I 1 273.5 |1 269.0 I 1 |I 267.4 | 1 269.7 270.7 | ! I1 269.2 | 1 266.1 269.7 I1 | 1 271.6 | 1 272.2 | I 267.3 | 1 270.1 |1 272.0 I1 274.6 |1 272.3 | 1 271.1 |1 275.9 |1 277.0 |1 277.0 |1 275.3 |1 280.3 | 1 281.8 |1 282.9 283.0 I1 1 I 1 CURRENCY 27775 6275 276.0 273.6 267.4 261.7 263.6 263.2 263.3 260.3 265.7 265.4 265.0 262.6 267.7 270.5 275.2 269.0 265.4 265.2 266.1 264.7 262.1 267.8 270.4 270.7 268.0 272.9 273.1 273.9 269.3 267.7 270.1 271.0 269.6 266.5 270.0 272.0 272.6 267.7 270.5 272.4 275.0 272.7 271.5 276.3 277.4 277.4 275.8 280.8 282.2 283.3 283.5 62.4 61.9 61.4 6 0.8 6.1.7 62.1 62.0 61.4 62.5 62.9 '62.7 62.4 62.8 64.2 63.9 63.2 63.0 64.4 64.3 64.1 64.0 64.5 65.2 64.8 64.2 65.1 66.1 65.5 65.0 64.6 65.9 66.1 65.7 65.1 65.8 66.3 65.9 65.3 65.4 67.0 66.8 66.4 66.0 67.3 68.0 67.8 67.7 68.4 69.2 69.2 69.7 1 1 1 1 1 1 1 1 1 I 1 i 1 I 1 1 1 OTHER ^DEMAND 1 CHECKABLE DEPOSITS DEPOSITS 0.3 215.5 1 0.3 213.3 0.3 211.5 0.3 205.7 0.3 200.6 i 201.6 0.3 200.7 0.3 0.3 201.0 1 0.3 198.6 0.3 202.9 I 0.3 202.2 I 0.3 202.0 1 0.3 199.9 0.3 204.5 J 0.3 206.0 | 0.3 211.0 | 0.3 205.5 I 0.3 202.1 0.3 200.5 0.3 201.5 0.3 200.3 197.7 0.3 203.0 0.3 0.3 204.9 0.3 205.6 0.3 203.4 0.3 207.5 0.3 206.7 0.3 208.1 0.3 204.0 0.3 202.7 0.3 203.8 0.4 204.6 0.4 203.5 0.4 201.0 0.4 203.8 0.4 205.3 0.4 206.4 0.4 202.0 0.4 204.7 0.4 205.1 0.4 207.8 0.4 205.9 0.4 205.1 0.4 208.6 0 .4 209.0 0.4 209.2 0.4 207.6 0.4 211.9 0.4 212.5 1 0.4 213.7 1 0.5 213.3 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1975 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC OEC DEC DEC 1 . . . 8... 15... 22... 29... 5... 12... 19... 26... 5... 12... 19... 26... 2 . . . 9... 16. •• 23... 30... 7... 14... 21... 28... 4... 11... 18... 25... 2... 9 . . . 16... 23... 30. •• 6. . . 13... 20... 27... 3... 10... 17... 24.. . 1 . . . 1 8. . . 15... 22... 29... 5... 12... 19... 26... 3... 10. . . 17... 24. • . 3 1 . . . M-1A M-1B 27575 275.5 275.3 275.3 275.7 275.7 275.8 276.2 276.4 276.7 277.5 278.2 278.3 278.5 278.1 277.6 277.3 277.0 277.8 278.8 280.0 280.9 282.2 282.9 283.8 285.0 285.2 284.7 284.4 284.5 284.6 284.7 285.6 285.6 286.2 287.7 286.9 287.0 287.1 286.3 286.3 285.7 286.4 286.5 286.2 288.2 289.6 289.1 290.0 289.2 288.4 288.8 288.9 289.3 274.9 274.9 275.2 275.2 275.3 275.6 275.8 276.2 276.9 277.7 277.7 277.9 277.5 277.0 276.6 276.4 277.1 278.2 279.3 280.3 281.5 282.2 283.1 284.2 284.5 283.9 283.7 283.7 283.8 283.9 284.8 284.8 285.3 286.9 286.0 286.1 286.2 285.4 285.4 284.7 285.5 285.6 285.3 287.2 288.6 288.1 289.0 288.2 287.4 287.7 237.9 288.2 NOT SEASONALLY ADJUSTED DEMAND DEPOSITS CURRENCY 687! 1 1 I I 68.2 68.3 68.5 68.5 68.5 68.6 68.7 68.8 69.0 69.2 69.4 69.5 69.3 69.3 69.2 69.3 69.6 69.8 69.9 70.2 70.4 70.6 70.8 71.0 71.2 71.2 71.3 71.4 71.5 71.6 71.8 71.9 72.0 72.0 72.1 72.1 72.1 72.2 72.3 72.5 72.6 72.8 72.9 73.0 73.2 73.3 73.4 73.6 73.6 73.7 73.8 74.0 [ 1 | I I 1 t 206.9 206.7 206.5 206.7 206.7 206.8 207.1 207.2 207.3 207.9 208.4 208.4 208.4 208.2 207.7 207.5 207.1 207.6 208.4 209.4 210.1 211.1 211.6 212.3 213.3 213.3 212.7 212.4 212.4 212.3 212.3 213.1 212.9 213.4 214.8 213.9 214.0 214.1 213.2 213.1 212.2 212.9 212.8 212.4 214.2 215.4 214.8 215.6 214.6 213.7 214.0 214.1 214.3 I I 1 M-1A | 1 |1 | 1 |1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 I 1 | 1 I 1 | 1 | 1 |1 | 1 | 1 | 1 | 1 | 1 | 1 | I | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | I | 1 |1 I 1 I 1 I 1 | 1 |1 | 1 | 1 | 1 | 1 |1 | 1 |1 |1 |1 |1 286.0 286.9 262.9 278.5 271.0 272.4 272.0 271.4 268.2 273.3 275.3 274.3 272.2 275.5 280.5 282.7 278.9 273.2 274.6 275.7 275.3 274.8 280.0 283.4 285.2 281.6 284.4 286.8 287.7 283.3 280.7 284.5 283.6 283.4 281.6 283.9 286.7 288.1 281.4 282.0 284.9 287.3 285.6 282.6 290.1 291.7 290.9 288.3 292.9 294.0 295.9 295.5 298.9 1 | I i ! 1 j 286.5 287.4 283.4 279.0 271.5 272.9 272.5 271.9 268.8 273.8 275.9 274.9 272.8 276.1 281.1 283.3 279.6 273.9 275.3 276.4 276.0 275.5 280.6 284.1 285.9 282.4 285.1 287.6 288.5 284.1 281.5 285.3 284.4 284.3 282.4 284.8 287.6 289.0 282.3 282.9 285.8 288.2 286.6 283.5 291.1 292.7 291.9 289.3 293.9 295.0 297.0 296.6 300.0 1 I CURRENCY M-1B 6875 I 1 i 1 1 | I 68.6 68.1 67.6 66.9 67.5 68.2 68.1 67.3 68.3 69.2 68.9 68.6 68.8 69.9 69.4 69.0 68.4 69.8 70.1 70.0 70.0 70.4 71.6 71.3 70.9 71.2 72.9 72.2 71.6 71.0 72.3 72.6 72.2 71.4 71.9 72.7 72.1 71.5 71.2 72.9 72.9 72.4 71.9 73.0 74.2 74.0 73.8 74.4 75.3 75.1 75.7 74.8 I 1 I 1 1 1 I 1 I 1 1 1 1 I 1 1 1 I 1 [ 1 I I | | DEMAND DEPOSITS 217.7 218.3 214.8 210.9 204.2 205.0 203.8 203.2 200.9 205.0 206.1 205.4 203.6 206.7 210.6 213.3 210.0 204.9 204.9 205.6 205.3 204.8 209.5 211.9 213.9 210.7 213.1 213.9 215.5 211.7 209.7 212.2 211.0 211.2 210.1 212.0 214.0 216.0 209.8 210.7 212.0 214.4 213.2 210.7 217.2 217.5 217.0 214.5 218.5 218.6 220.8 219.8 224.1 1 OTHER (CHECKABLE 1 DEPOSITS I | 1 1 1 0.5 0.5 I | 1 1 1 1 1 1 1 1 1 1 I 1 i 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.9 0.9 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 { | | | | | | | | j | | | | | | | | | | I | | | | | | | | | I | | t | I | | | | I f 1 t | I | | 1.1 1.1 1.1 1 1 1 1 ! 1 1 1 1 1 | 1 | 1 ! 1 | j | | TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED I M-1A | M-1B I CURRENCY 289.8 290.3 290.5 291.4 291.9 292.3 292.7 292.9 293.1 293.5 293.4 293.8 294.3 294.8 295.4 296.2 296.1 296.8 298.0 297.6 297.7 297.7 297.2 297.6 297.6 297.7 297.4 298.1 298.6 299.0 299.5 300.0 300.4 300.8 301.0 298.5 301.0 301.3 301.8 303.0 303.8 304.0 304.5 304.9 304.5 305.6 303.9 305.9 306.7 307.4 308.0 308.7 1 I 1 1 74.0 74.2 74.3 74.5 74.6 74.8 74.9 75.1 75.3 75.5 75.6 75.8 76.0 76.1 76.3 76.6 76.7 76.9 77.1 77.2 77.3 77.4 77.5 77.6 77.7 77.8 77.9 78.1 78.2 78.3 78.4 78.6 78.7 78.8 78*. 9 79.0 79.2 79.3 79.5 79.7 79.8 79.8 79.9 80.0 80.0 80.2 80.3 80.4 80.6 80.7 80.7 80.9 NOT SEASONALLY ADJUSTED "DEMAND I DEPOSITS I 1 M-1A J 1976 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN J UN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 7... I 14... I 21... I 28... 1 4... I 11... 1 18... I 25... I 3... 1 10... 1 17... 1 24... I 31... 1 7... I 14... I 21... I 28... 1 5... I 12... 1 19... I 26.. . I 2... I 9... I 16.. . I 23... I 30. •• 1 7... I 14... I 21... I 28... I 4... I 11... I 18... I 25... I 1... 1 8... I 15... I 22... I 29... I 6... I 13... I 20... I 27... I 3... I 10... I 17... I 24... I 1... I 8... | 15... I 22... I 29... I "~2887" I 289.2 289.4 290.2 290.8 291.1 291.5 291.7 291.9 292.2 292.1 292.5 292.9 293.4 293.9 294.6 294.6 295.2 296.4 296.0 296.1 296.1 295.5 295.8 295.8 295.9 295.5 296.2 296.7 297*1 297.5 298.0 298.3 298.7 298.9 296.4 298.8 299.1 299.6 300.7 301.4 301.6 302.1 302.4 302.0 303.1 301.4 303.3 304.0 304.8 305.4 306.0 1 I 1 I i I | I 1 1 | I I I I I I i 1 j | I 1 1 1 1 I 1 1 1 1 1 1 I 1 I 1 I 1 1 I | I I | J 1 I 1 I 1 1 I I 1 1 1 1 1 1 1 1 1 1 1 I I 1 1 1 1 1 1 1 [ 1 1 1 1 1 1 1 1 ! 1 1 ! 1 1 1 1 2T4.7 |1 215.0 215.1 215.7 216.2 216.3 216.5 216.6 216.5 216.7 216.5 216.6 217.0 217.2 217.5 218.1 217.9 218.3 219.4 218.9 218.7 218.6 218.0 218.2 218.1 218.1 217.6 218.1 218.4 218.7 219.0 219.4 219.7 219.9 220.0 217.3 219.7 219.8 220.1 221.0 221.7 221.9 222.3 222.4 222.0 223.0 221.1 222.9 223.5 224.1 224.6 225.0 |I |1 |1 I1 |1 11 |1 I1 |1 1I |1 |1 I1 I1 |1 |1 |1 |I |1 |I |1 I1 I 1 |I |1 |I |I |I |I I1 |I |1 |I II I1 II I1 |I I1 |I |1 I1 |I |1 I1 1I |1 I1 |I II |I I CURRENCY I M-1B J 302.1 297.7 292.9 285.4 287.7 288.0 287.0 281.1 286.1 288.9 289.5 285.9 287.5 295.0 299.6 300.1 292.2 292.4 293.1 290.9 288.4 293.0 295.3 298.0 294.0 293.1 299.5 300.0 298.6 293.4 296.7 297.8 298.0 293.6 294.9 296.7 302.6 297.3 293.0 302.5 303.4 302.0 299.3 305.1 305.1 307.1 300.5 306.2 310.6 312.9 314.0 314.1 I | I | I I 1 1 ! i 1 1 1 I 3 0 3 ~ 298.8 294.1 286.6 288.9 289.2 288.2 282.4 287.4 290.2 290.8 287.2 288.9 296.5 301.1 301.6 293.7 293.9 294.7 292.5 290.0 294.6 297.0 299.7 295.7 294.9 301.4 301.9 300.5 295.4 298.7 299.8 300.1 295.7 297.1 298.8 304.8 299.6 295.2 304.8 305.7 304.4 301.7 307.5 307.6 309.6 303.0 308.7 313.2 315.6 316.7 316.8 1 1 1 1 1 1 1 1 1 1 1 1 I 1 I I 1 1 I I 1 1 1 1 74.5 74.1 73.6 73.0 73.5 74.5 74.3 73.5 74.1 75.6 75.3 75.1 74.7 76.3 76.6 76.6 75.6 76.6 77.4 77.1 76.6 77.4 78.4 78.0 77.6 77.2 79.4 79.1 78.6 77.9 78.6 79.7 79.2 78.5 78.0 80.0 79.2 78.9 78.1 79.9 80.2 79.5 78.9 79.5 81.2 80.8 80.9 80.8 82.2 82.1 82.4 82.3 1 I 1 1 1 i ! 1 1 1 1 I I 1 1 1 1 1 1 1 1 1 1 1 DEMAND j OTHER DEPOSITS 1 CHECKABLE DEPOSITS 227.6 | 1.1 1.1 223.6 I 1.1 219.4 | 212.5 | 1.1 214.2 I 1.2 1.2 213.5 | 1.2 212.7 1 207.7 | 1.2 212.0 | 1.2 213.2 I 1.3 1.3 214.1 I 1.3 210.8 1 1.4 212.8 | 1.4 218.7 I 1.5 223.0 ! 223.5 I 1.5 1.5 216.6 1.5 215.7 | 1.6 215.7 1.6 213.8 I 1.6 211.7 1.6 215.5 | 1.7 216.9 1.7 219.9 1.8 216.4 1.8 215.9 1.8 220.2 1.9 220.9 1.9 220.0 2.0 215.4 2.0 218.2 2.0 218.1 2.1 218.8 2.1 215.1 2.1 216.9 2.2 216.7 2.2 223.4 2.2 218.5 2.2 214.8 2.3 222.6 2.3 223.2 2.4 222.5 2.4 220.5 2.4 225.5 2.5 224.0 2.5 226.3 2.5 219.6 i 2.5 225.4 I 2.6 228.4 1 2.6 230.8 1 2.7 231.6 I 2.7 231.8 TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED 1977 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC 1 M-1A M-1B 5... 1 12... 1 19... I 26... 1 2... 1 9... I 16... I 23... 1 2... 1 9... 1 16.. . 1 23... 1 30... 1 6... 1 13... 1 20... 1 27... 1 4... 1 11... 1 18... 1 25... 1 1... 1 8... 1 15... 1 22... I 29... 1 6... 1 13... 1 20... 1 27... 1 3... 1 10... 1 17... 1 24... 1 31... 1 7... 1 14... 1 21... 1 28... 1 5... 1 12... 1 19... 1 26... 1 2... 1 9... 1 16. . . 1 23... 1 30... 1 7... 1 14... 1 21... 1 28.,.. 1 306.5 307.5 307.8 308.1 308.7 309.6 309.8 310.2 310.4 310.8 311.6 311.7 311.9 313.9 314.3 313.9 313.9 314.0 314.5 315.0 315.0 315.0 314.6 315.4 316.5 317.1 318.0 317.6 318.3 317.9 319.5 318.9 318.8 319.1 320.1 321.4 321.1 321.8 322.4 324.3 323.6 323.3 324.5 325.3 326.2 326.3 326.6 326.7 328.4 327.8 328.6 329.0 309.3 310.3 310.7 310.9 311.5 312.4 312.7 313.1 313.3 313.8 314.6 314.8 314.9 317.0 317.4 316.9 317.0 317.0 317.6 318.1 318.1 318.1 317.8 318.6 319.8 320.3 321.3 321.0 321.7 321.3 323.0 322.4 322.3 322.6 323.7 325.0 324.8 325.5 326.1 328.1 327.4 327.2 328.3 329.2 330.1 330.2 330.5 330.6 332.4 331.8 332.7 333.1 NOT SEASONALLY ADJUSTED DEMAND T DEPOSITS I I CURRENCY iTTo 1 81.3 81.4 81.5 81.7 81.8 81.8 82.0 82.1 82.3 82.3 82.4 82.6 83.0 82.9 83.1 83.1 83.3 83.5 83.6 83.7 83.9 83.9 84.1 84.3 84.6 84.9 84.9 85.1 85.2 85.4 85.4 85.6 85.7 85.9 86.1 86.3 86.5 86.6 86.8 87.1 87.2 87.3 87.5 87.7 87.8 88.0 88.2 88.5 88.6 8*. 8 a*.o 1 225.5 226.3 226.4 226.6 227.0 227.8 228.0 228.2 228.3 228.5 229.3 229.3 229.3 230.9 231.4 230.8 230.8 230.6 231.0 231.4 231.3 231.1 230.7 231.2 232.2 232.5 233.1 232.8 233.2 232.6 234.1 233.4 233.2 233.3 234.3 235.3 234.8 235.3 235.8 237.5 236.6 236.1 237.1 237.9 238.5 238.4 238.5 238.5 239.9 239.2 239.8 239.9 |1 |1 |1 |1 | 1 I1 |1 I1 |1 |1 |1 |1 |1 |1 |1 |1 |I |1 I1 |1 I 1 I1 |1 |1 |1 J1 | 1 I1 I1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 J1 |1 |1 |1 I1 f 1 |I M-1A M-1B 32372 317.8 313.6 303.9 303.7 305.6 305.6 300.2 302.1 306.6 309.7 305.7 303.3 316.5 320.2 319.4 313.3 311.8 310.9 310.8 307.2 309.5 314.4 317.4 315.8 312.5 323.1 321.5 321.3 314.1 318.9 319.0 318.9 314.3 315.9 321.9 325.0 321.6 315.2 325.7 326.9 326.1 322.5 325.4 330.0 331.1 326.0 327.8 334.8 335.5 337.7 336.1 326.0 320.6 316.4 1 306.7 306.5 308.4 308.5 1 303.2 305.1 I 309.6 312.7 308.8 306.3 319.6 323.3 322.5 316.4 314.9 313.9 313.9 310.3 312.7 317.6 320.6 319.1 315.7 326.4 324.9 324.7 317.5 322.3 322.5 322.5 317.8 319.5 325.6 328.6 325.3 318.9 329.4 330.7 329.9 326.3 329.3 333.9 335.0 329.9 331.8 338.8 339.5 | \ 341.8 340.2 1 DEMAND 1 DEPOSITS CURRENCY 1 1 1 1 1 I I 1 81.6 81.6 80.9 80.1 79.9 81.5 81.0 80.9 80.5 82.3 82.0 81.7 81.3 83.3 83.5 82.7 82.1 82.8 84.0 83.6 83.1 83.7 84.7 84.5 84.3 83.9 86.5 86.0 85.5 85.0 85.5 86.8 86.2 85.7 84.9 87.1 86.4 86.0 85.3 8 6.5 87.8 87.1 86.5 86.6 88.9 88.6 88.6 88.4 89.9 90.1 90.5 91.1 1 1 1 1 1 1 1 I 1 I 1 1 1 1 1 I | 241.6 236.2 232.7 223.9 223.8 224.1 224.6 219.3 221.7 224.4 227.7 224.0 221.9 233.2 236.7 236.8 231.3 229.0 226.9 227.2 224.1 225.8 229.8 232.9 231.5 228.6 236.6 235.6 235.8 229.2 233.4 232.3 232.7 228.6 231.0 234.8 238.6 235.5 229.9 239.2 239.2 238.9 235.9 238.8 241.1 242.5 237.4 239.5 244.9 245.5 247.2 245.0 OTHER ICHECKABLE 1 DEPOSITS 1 2.8 1 2.8 1 2.8 1 2.8 1 2.8 1 2.9 1 2.9 1 2.9 1 2.9 1 3.0 1 3.0 1 3.1 1 3.0 1 3*1 3.1 3.1 1 3.1 3.0 1 3.1 3.1 3.1 3.1 3.2 3.2 3.2 3.2 3.3 | 3.4 3.4 . 3.4 | 3.5 1 3.5 1 3.5 ! 3.5 3.6 I 3.6 3.7 I 3.7 3.7 3.7 1 1 3.8 1 3.8 | 3.9 3.9 | 3.9 3.9 1 1 3.9 3.9 I 4.0 4.0 | 4.1 I 4.1 | I I 1 I | I I | | | | | | | | | 1 | | | I | i I I I 1 | I I I | I | 1 I | | | 1 | | | I | | | | | | | | | | | TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED I 1978 JAN JAN JAN JAN FES FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN J U.N JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC M-1A I ~"*331.5~ 1 332.1 1 332.1 1 331.9 I 331.3 1 331.9 1 331.4 1 331.9 I 333.0 1 333.5 I 332.8 22... I 333.4 29... I 334.0 5... I 336.2 12.. . I 336.3 19... 1 336.1 26.. . 1 337.6 3... I 339.1 10... 1 338.9 17... I 339.5 24... 1 339.4 31... 1 342.4 7... I 341.5 14... j 341.9 342.7 21.i. 1 28. . . i 342.4 5... j 345.4 12... 1 343.1 19... ! 341.9 26... 1 343.5 2... i 344.5 9... 1 344.4 16... 1 344.9 23... i 344.5 30... 1 345.4 6... 1 348.4 13... 1 348.7 20... 1 348.8 27... i 349.3 4... I 349.3 11... 1 349.5 18... 1 349.8 25... I 348.3 1... 1 350.1 8... 1 350.8 15... 1 350.8 22... 1 350.5 29... 1 350.4 6... ! 352.6 13... 1 350.9 20... 1 350.9 27... 1 351.6 4... 11... 18... 25... 1 . . . 8... 15... 2.2... 1 . . . 8... 15... DEMAND | DEPOSITS j i J 24276 i1 243.0 |1 242.9 | 1 242.6 |I 241.8 |i i 242.1 II i 241.5 | 1 241.8 | 1 242.8 |1 I 242.9 1I 242.1 I I 242.6 j j 242.7 i i 245.2 11 245.4 |1 244.9 |1 246.1 |! 247.5 I 1 247.1 j I 247.5 |i 247.2 j I 249.9 |I 249.0 j 1 249.1 |1 249.8 | I 249.3 |I 252.3 |1 249.7 J1 248.6 |I 250.0 | 1 250.8 |! 250.6 j I 2$1.0 |i 250.2 |i 250.9 j1 253.8 I 1 253.8 j 1 253.6 | I 254.0 jj 253.7 jj 253.8 |1 253.9 |I 252.4 j 1 253.8 1I 254.3 |1 254.1 j I 253.6 | 1 253.2 |1 255.3 |1 1 253.5 |I I 253.3 |1 1 253.6 )I CURRENCY j M-1B ~ 3 3 577 336.3 336.3 336.1 335.4 336.1 335.6 336.1 337.2 337.8 337.1 337.8 338.3 340.7 340.9 340.7 342.3 343.8 343.6 344.2 344.1 347.0 346.2 346.6 347.5 347.2 350.2 348.0 346.9 348.4 349.4 349.4 349.9 349.5 350.4 353.5 353.8 353.9 354.5 354.4 354.7 355.0 353.5 355.3 356.7 I 357.3 357.4 357.5 360.2 I 358.9 I 359.3 I 360.3 NOT SEASONALLY ADJUSTED T976 i | | I | 1 1 89.1 89.2 89.3 89.4 89.8 89.9 90.1 90.2 90.6 90.6 90.8 91.2 91.1 91.0 91.1 91.5 91.6 91.9 92.0 92.2 92.4 92.6 92.7 92.9 93.1 93.2 93.4 93.4 93.5 93.7 93.9 93.9 94.3 94.5 94.6 94.9 95.2 95.3 95.5 95.7 95.9 96.0 96.2 96.5 96.7 96.9 97.1 97.3 97.4 97.5 98.0 M-1A M-1B CURRENCY 35475 8 976 89.6 88.8 87.9 87.5 89.3 89.1 89.1 88.3 90.1 90.1 90.1 89.8 90.7 91.5 91.0 90.4 90.9 92.4 92.0 91.6 92.0 93.2 93.2 92*8 92.4 94.3 94.7 93.9 93.3 93.4 95.2 94.6 94.3 93.5 95.7 9 5.1 94.7 94.0 95.1 96.5 95.9 95.3 95.2 97.5 97.6 97.7 97.3 98.7 99.1 99.3 100.6 DEMAND DEPOSITS 1 349.9 343.3 338.9 329.3 325.2 327.3 326.5 322.4 322.8 328.7 329.1 326.6 324.0 336.4 341.5 342.6 337.5 339.9 334.3 335.8 330.7 335.6 341.9 344.1 341.4 336.4 350.3 347.9 345.5 340.5 342.7 345.0 345.8 341.2 339.1 349.5 352.3 349.6 342.2 350.3 354.1 354.4 345.9 349.0 355.6 355.7 350.8 349.8 359.3 358.5 360.2 359.5 1 , 1 ! 1 i I I I 347.5 343.1 333.5 329.4 331.5 330.7 326.6 327.0 332.9 333.4 331.0 328.4 340.8 346.1 347.2 342.2 344.6 339.0 340.5 335.4 340.3 346.6 348.8 346.1 341.2 355.1 352.8 350.4 345.4 347.6 350.0 350.8 346.2 344.1 354.6 357.4 354.7 347.3 355.5 359.3 359.6 351.1 354.3 361.5 362.2 357.6 357.0 366.9 366.5 368.7 368.1 I j i I 1 I 1 j 1 1 i 1 1 I I i 1 1 j i I I i 1 ! i i 1 1 260.3 253.7 250.1 241.4 237.7 238.0 237.4 233.3 234.5 238.6 239.0 236.5 234.2 245.7 250.0 251.5 247.1 249.0 241.9 243.8 239.1 243.7 248.7 250.9 248.6 244.0 256.0 253.2 251.6 247.2 249.3 249.8 251.2 247.0 245.6 253.8 257.1 254.9 248.1 255.3 257.6 258.5 250.6 253.8 258.1 258.2 253.1 252.5 260.7 259.3 260.9 258.9 OTHER CHECKABLE 1 DEPOSITS 4.2 " 4.2 4.2 I 4.2 4.2 4.2 4.2 4.2 4.2 4.3 4.3 4.3 , 4.4 4.5 4.6 4.7 4.7 4.7 4.7 4.7 1 4.7 4.7 4.7 4.7 4.8 4.8 4.8 4.9 4.9 4.9 5.0 5.0 5.0 5.0 5.0 t 5.1 5.1 5.1 1 1 1 1 I 1 E 1 I I 1 ! I S I | I 1 I I 1 I 1 I i f I i | I | | | | 1 1 I I | | | I i | 1 | I I I 5.1 5.1 I 1 5.2 5.2 5.2 5.3 5.9 6.5 6.8 7.1 7.6 8.0 8.4 8.7 1 1 | J | I I | | 1 I I TABLE 9 MONEY STOCK MEASURES AND COMPONENTS - WEEKLY (BILLIONS OF DOLLARS) SEASONALLY ADJUSTED M-1B M-1A 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY J UN JUN J UN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 3...I 10...i 17...! 24...| 31...1 7... 14.. . 21... 28... 7... 14... 21. .. 28... 4.., 11... 18... 25... 2... 9... 16. . . 23... 30... 6... 1 13... ! 20.. . 27... 1 4. •• 11... 1 18... 1 25... 1... 1 8... 1 15... I 1 22... 29... 1 5... 1 12. . . 1 19... 1 26... 1 3... I 10.. . 17... 1 24. •• 1 31... I 7... I 14.. . 1 21... i 28. . . 1 5... 1 12. . . I 19. . . I 26... I 35271 1 350.3 350.0 349.1 349.0 351.0 349.0 350.6 348.8 352.4 351.2 352.0 351.9 353.9 354.7 357.1 356.7 355.9 354.2 356.3 356.3 355.6 360.9 359.2 360.2 361.1 361.5 362.9 363.8 363.3 363.9 364.6 365.4 365.9 365.6 367.1 367.2 367.5 367.7 368.2 368.0 368.0 367.9 367.6 371.2 369.1 370.7 367.9 369.6 369.9 370.9 373.2 j 1 I 1 1 I 1 1 1 1 1 1 1 1 1 I I I I I I 1 ) 1 1 I I 1 361.3 360.0 360.1 359.2 359.2 361.5 359.7 361.4 359.9 364.1 363.0 364.0 364.1 366.8 368.0 370.8 370.3 369.8 369.6 369.5 369.7 369.0 374.8 373.3 374.4 374.9 375.9 377*6 378.7 378.2 379.0 379.9 380.7 381.3 380.9 382.8 383.1 383.3 383.1 383.9 383.9 384.0 383.7 383.3 386.8 384.8 386.3 383.5 385.7 386.1 387.1 389.4 NOT SEASONALLY ADJUSTED DEMAND T DEPOSITS I I CURRENCY | 97.9 98.1 98.1 98.3 98.5 98.7 98.7 98.9 98.2 99.3 99.3 » 99.6 99.9 99.9 99.9 100.3 100.3 100.4 100.5 100.7 1 100.9 101.3 1 101.4 1 101.5 I 101.7 I 102.0 i 102.1 102.3 t 102.5 1 102.8 103.1 1 103.4 103.6 103.9 104.1 104.3 104.6 104.8 105.0 105.1 105.3 105.4 105.5 105.5 105.9 105.9 105.9 106.0 105.7 106.0 106.3 I 106.4 ! 1 1 1 1 1 1 1 1 1 1 I 1 1' 254.1 252.2 251.9 250.8 250.5 252.3 250.3 251.6 250.7 253.0 251.9 252.4 252.1 254.0 254.8 256.9 256.4 255.5 255.7 255.6 255.4 254.3 259.4 257.7 258.5 259.1 259.3 260.5 261.4 260.5 260.8 261.3 261.8 262.1 261.5 262.8 262.7 262.7 262.7 263.1 262.6 262.6 262.5 262.1 265.2 263.3 264.8 261.9 263.9 263.9 264.6 266.7 |I II |1 1I I1 I1 1I |I 11 II |1 |I I1 I1 I1 |I |1 I1 I1 |1 |I |1 |I |1 JI |1 |I |1 |I II II II |1 I! |1 |1 i J |1 |I |I 1J |{ 1I |I J1 |I I1 |1 |1 |1 1I 11 M-1A I M-1B CURRENCY DEMAND DEPOSITS 372.1 363.1 359.0 347.0 341.0 347.4 344.6 340.7 336.1 347.8 346.6 345.6 340.2 352.5 359.3 366.0 359.2 354.7 352.3 352.8 348.2 346.5 360.9 361.4 359.4 354.8 364.5 369.2 368.4 360.7 361.3 364.8 366.4 363.2 357.9 367.9 370.3 368.7 360.8 368.8 373.5 372.3 366.3 365.6 375.5 373.9 371.6 367.4 375.8 378.1 380.7 381.9 I 1 I I 1 38173 98.6 98.8 97.7 97.0 96.2 97.9 97.8 97.8 97.0 99.0 98.7 98.7 98.2 99.3 100.7 100.5 99.2 99.2 101.2 100.8 100.4 100.6 101.9 102.1 101.7 101.2 102.9 104.0 103.4 102.8 102.6 104.6 104.3 104.0 102.9 105.1 105.0 104.4 103.6 104.4 106.4 10 5 . 5 104.8 104.3 106.5 106.9 106.8 106.3 106.9 108.1 108.2 109.3 273.4 264.3 261.2 250.0 244.8 249.5 246.8 242.8 239.2 248.7 247.9 246.9 242.0 253.2 258.6 265.6 260.0 255.5 251.1 252.0 247.7 245.9 258.9 259.2 257.7 253.6 261.6 265.2 265.0 257.9 258.7 260.2 262.0 259.2 255.0 262.8 265.3 264.3 257.2 264.4 267.1 266.8 261.4 261.3 269.0 267.0 264.8 261.1 268.9 270.0 272.6 272.6 j 1 i 1 I 1 372.8 369.0 357.1 351.2 357.9 355.3 351.5 347.2 359.5 358.4 357.5 352.3 365.4 372.6 379.7 372.8 368.6 365.7 366.1 361.5 359.9 374.8 375.5 373.6 368.6 379.0 383.9 383.3 375.6 376.4 380.1 381.7 378.5 373.2 383.6 386.2 384.5 376.2 384.5 389.4 388.3 382.0 381.2 391.2 389.5 387.1 383.1 391.9 394.3 396.9 398.1 I 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 I 1 1 I 1 1 I 1 1 1 1 1 1 1 1 1 I ! 1 1 OTHER CHECKABLE 1 DEPOSITS 9.2 9.7 10.1 | 10.1 10.2 10.5 10.6 1 10.8 11.1 1 11.7 11.8 12.0 12.2 12.9 1 13.3 13.7 13.6 13.9 1 13.3 1 13.2 1 13.4 13.4 1 14.0 14.1 14.2 1 13.8 14.5 1 14.7 14.9 1 14.9 15.0 15.3 1 15.3 1 15.3 1 15.3 1 15.7 1 15.9 1 15.8 1 15.4 15.7 15.9 16.0 15.7 15.7 15.7 15.6 15.6 15.7 16.0 1 16.1 i 16.2 1 16.2 j I 1 | J 1 | ! | | | | | I | | | | | 1 | | | | | | | | | i | I | | J I j i i | | | | | | | | 1 | | | | | | | TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS! C0MMERC1[ A L SEA* SONALLY 1970 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY J UN J UN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC OEC DEC OEC OEC 7...! 14... 21...I 28...| 4...I 11... 18...I 2 5 . . .1 4...I 11... 18... 25.. . 1 . . . 8. . . 15... 22... 29... 6. . . 13... 20... 27... 3... 10... 17... 24.•• 1 . . . o. . . 15... 22... 29... 5... 12... 19... 26.•• 2... I 9... 16. . . I 23... 30... 1 7... 1 14. . . 21... I 28... 4 . . . i 11... 18... I 25. . . ! 2... I 9... 1 16... I 23.. .I 30 . . . 1 9375 92.8 92.6 92.4 92.3 92.2 92.1 92.0 91.9 91.8 91.8 91.8 91.8 92.0 92.0 92.2 92.1 92.3 92.4 92.4 92.4 92.6 92.6 92.6 92.8 93.0 93.3 93.5 93.7 93.7 93.9 94.0 94.1 94.2 94.4 94.5 94.7 94.9 95.0 95.3 95.4 95.7 95.8 95.9 96.1 96.3 96.5 96.8 97.1 97.4 97.7 97.8 " I | | j I 1 1 1 1 1 1 1 1 1 1 E I 1 1 1 1 1 1 TIME I SAVINGS ADJUf SMALL TIME SAVINGS BANK 7274 72.2 72.4 72.3 72.3 72.3 72.4 72.5 72.8 73.0 73.0 72.9 72.7 72.4 72.1 72.3 72.6 72.7 73.0 73.5 73.9 74.3 74.7 75.0 75.2 75.2 74.9 74.8 74.9 75.1 75.3 75.5 75.6 75.9 76.1 76.4 76.7 76.8 76.9 77.1 77.3 77.8 78.0 78.3 78.6 78.9 79.3 79.6 80.0 80.1 80.4 80.3 WEEKLY DEPOSITS " J U 3 I _ S £ A S Q M 1. L I - A f i J U S I E J L j | I | 1 I 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 LARGE TIME I 1 | 20.0 19.7 19.4 19.3 19.2 19.0 19.0 19.2 19.4 19.7 20.0 20.8 21.9 23.0 23.9 24.6 25.0 25.0 24.9 24.8 24.7 24.4 24.0 24.0 24.4 25.8 28.0 29.7 30.9 31.9 32.6 * 33.0 33.8 34.6 35.7 36.5 37.2 38.2 39.0 39.3 39.9 40.3 40.6 41.0 41.5 42.0 42.3 42.8 43.5 44.2 44.8 45.3 | 1 I 1 | 1 11 I 1 | 1 | 1 11 | 1 | 1 I 1 | 1 | 1 | 1 | 1 | 1 | 1 | I | 1 | 1 I 1 | 1 I 1 | 1 | 1 | I | 1 I 1 | 1 | 1 |1 | 1 I 1 I 1 |1 I1 I1 I1 |I |1 |1 1I I1 |1 1I |1 11 I1 I1 II |1 I1 SAVINGS j SMALL TIME \ 937J~ I TITo I 92.8 92.4 92.1 91.9 91.8 91.8 91.8 91.9 92.1 92.3 92.5 92.8 92.9 92.8 92.6 92.3 92.6 92.6 92.8 92.9 93.0 93.2 93.2 93.3 93.5 93.8 93.8 93.8 93.7 93.8 93.9 94.0 93.8 93.8 94.0 94.0 94.1 94.3 94.9 95.0 95.2 95.2 95.4 95.7 96.1 96.4 96.6 96.9 97.0 97.1 97.4 71.2 71.6 71.8 72.0 72.3 72.7 72.9 73.1 73.3 73.5 73.3 73.3 73.3 72.7 72.6 72.9 72.9 73.3 73.8 74.2 74.7 75.1 75.5 75.7 75.8 75.6 75.3 75.3 75.3 75.7 75.9 75.9 76.2 76.3 76.6 77.0 77.2 77.2 77.3 77.6 78.0 78.2 78.4 78.2 77.7 77.7 77.7 78.4 78.4 78.9 78.8 | | I | | | I | ! | 1 | I | I ! | I 1 1 I I [ \ LARGE TIME i | 1 1 1 1 1 ! I 2 0 7 " 19.8 19.5 19.2 19.2 18.9 19.0 19.1 19.4 19.7 19.9 20.6 21.6 22.6 23.6 24.4 25.1 25.4 25.1 24.9 24.8 24.5 24.2 23.9 23.6 24.9 26.9 28.8 30.4 31.8 32.9 33.5 34.6 35.4 36.6 37.2 37.5 38.3 39.5 40.0 40.6 40.9 40.9 40.9 41.4 42.0 42.4 43.0 43.4 44.3 45.0 45.6 OVERNIGHT RP"S ! I7o 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 2.0 1.9 2.0 2.1 2.2 2.4 2.4 2.5 2.5 2.3 2.3 2.3 1.9 1.9 2.0 2.4 2.5 2.6 2.3 2.3 2.3 2.2 2.1 2.0 1.8 1.5 1.5 1.5 1.5 1.4 1.4 1.4 1.3 1.2 1.4 1.4 1*2 1.3 1.3 1.2 1-3 1.5 1.4 1.4 1.5 1.5 1.6 1.5 1-5 1.3 1.4 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) COMMERCIAL BANK^TIME I SEA SQNALLY ADJU.>JEQ SMALL TIME SAVINGS I I 1971 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY J UN JUN J UN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 6... 13... 20... 27... 3... 10.•• 17... 24... 3... 10... 17... 24... 31... 7... 14... 21... 28... 5... 12... 19... 26... 2... 9... 16... 23... 30... 7... 14... 21... 28... 4... 11... 18... 25... 1... 8... 15... 22... 29... o. . . 13... 20... 27... 3... 10... 17... 24.. . 1... 8. . . 15... 22, •• 29...| 98.1 98.5 98.7 99.2 99.6 100.1 100.5 101.0 101.6 102.2 102.7 103.2 103.7 104.2 104.7 105.0 105.4 105.5 105.8 105.9 106.0 106.2 106.3 106.3 106.5 106.5 106.8 106.9 107.1 107.2 107.3 107.6 107.6 107.8 108.1 108.2 108.4 108.7 108.8 109.1 109.4 109.6 109.8 110.0 110.2 110.5 110.7 111.0 111.5 111.6 111.9 112.0 1 I \ 8079 81.0 81.2 81.7 82.3 82.7 83.0 83.5 84.1 84.5 84.9 85.3 86.0 86.3 86.6 86.8 87.5 87.7 88.1 88.4 88.5 88.7 88.9 89.1 89.2 89.1 89.5 89.7 89.7 90.0 90.2 90.3 90.6 90.8 91.3 91.6 91.7 92.1 92.2 92.1 92.2 92.5 93.1 93.5 94.2 94.6 94.9 95.1 95.1 95.7 95.6 95.7 1 1 I 1 I SAVINGS DEPOSITS -JJJ3T SEASQNAI*L*_AILW.SIfJ2. 1 LARGE TIME 11 | WEEKLY SAVINGS 1 98.2 98.4 98.5 98.8 99.1 99.7 100.2 100.8 101.5 102.5 103.3 104.0 104.7 105.5 105.7 105.7 105.8 105.9 106.3 106.5 106.7 106.9 107.2 107.2 107.3 107.4 107.5 107.5 107.4 107.4 107.3 107.4 107.4 107.4 107.3 107.5 107.6 107.7 107.9 108.5 108.7 108.9 109.0 109.1 109.4 109.9 110.3 110.6 111.0 110.9 111.0 1 1 1 1 1 I 1 1 SMALL TIME 1 OVERNIGHT RP"S LARGE TIME 1 45.9 46.5 47.4 47.9 48.0 48.6 48.8 49.0 49 . 6 50.1 50.4 50.5 49.7 49.1 48.7 48.0 47.6 47.7 47.9 48.1 48.4 48.6 48.9 49.0 49.7 50.2 50.6 50.8 50.9 50.7 50.5 50.2 50.3 50.5 50.4 50.8 51.1 51.2 52.1 52.7 53.1 53.4 53.6 53.6 53.6 53.9 54.5 54.9 55.5 55.7 56.1 56 »9 |1 |1 |1 |1 |1 |1 |1 |1 |1 I1 |1 |1 I1 |I |1 |1 |I |1 |1 |1 |1 11 |1 |1 |1 I1 |1 |1 |J |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |1 |I |1 |1 |1 |1 |1 |1 |1 I1 |1 |1 |( U1.2 1 | 1 7974 I 79.9 80.3 1 81.1 82.0 82.8 83.4 84.0 84.6 85.0 85.6 86.0 87.0 87.4 87.4 87.2 87.9 88.1 88.5 88.7 88.9 89.3 89.5 89.7 89.9 90.0 90.3 90.1 89.9 90.1 I 90.3 90.6 90.7 90.9 91.4 91.7 j 91.8 92.2 92.3 92.3 92.4 92.7 93.3 93.6 93.9 93.4 1 93.2 93.2 93.4 1 94.0 i 93.8 94.0 4672 46.7 47.6 47.9 47.8 48.2 48.5 48.7 49.4 49.9 49.9 49.8 48.9 48.1 47.8 47.5 47.7 48.0 48.2 48.3 48.7 48.8 49.1 48.6 48.3 48.6 48.7 49.2 49.9 50.4 50.9 51.0 51.4 51.8 52.0 52.1 51.8 51.6 53.0 53.9 54.3 54.6 54.4 53.7 53.3 53.7 54.4 54.7 55.2 55.6 56.3 57.4 1 1 n 1.4 1.4 1.5 1.4 1.4 1.6 1 1.6 1.3 1.3 1.4 1.8 2.0 1.7 1.9 2.0 2.3 2.3 2.6 2.3 2.2 1.9 1.9 1.9 2.0 1.9 1.9 1.7 2.0 1 2.2 2.3 2.3 2.1 1.8 1.9 2.2 2.0 2.1 2.3 2.3 2.2 2.2 2.2 2.5 1 i 2.7 2.8 2.9 2.7 2,5 2,6 2.4 f 2.4 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) WEEKLY "COMMERCIAL BANK TIME 6 SAVTNGS DEPOSITS ££A;SONALLY 1 1972 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY J UN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC 5... 1 12.•• 1 19... 1 26... 1 2... 1 9... I 16... 1 23... I 1... 1 8... 1 15... 1 22... 1 29... 1 5... I 12... 1 19... 1 26. ..1 3... 1 10... 1 17... 1 24... 1 31... 1 7... 1 14... 1 21... 1 28. ..1 5... I 12... I 19... 1 26... ! 2... 1 9... I 16... 1 23... I 30... 1 6... J 13... I 20... 1 27... I 4... 1 11... 1 18... 1 25... 1 1... 1 8... 1 15... I 22... 1 29. ..I 6... I 13... 1 20. ..I 27... 1 SMALL TIM£ SAVINGS 112.3 112.7 113.1 113.5 113.9 114.3 114.4 114.8 115.0 115.3 115.5 115.9 115.9 116.3 116.5 116.5 116.7 116.6 116.5 116.9 117.1 117.1 117.5 117.7 117.8 118.1 118.2 118.5 118.7 119.1 119.3 119.6 119.8 120.2 120.4 120.7 120.9 121.2 121.5 121.8 121.9 122.0 122.1 122.4 122.4 122.8 123.0 123.2 123.4 123.5 123.8 123.9 ADJU!U.EH I I ! 1 1 1 1 1 ! ! 1 ! I I 9672 96.7 96.8 96.8 97.0 97.2 97.4 97.7 98.1 98.5 99.4 99.4 99.3 99.0 98.9 98.6 98.3 98.6 99.5 99.2 99.4 99.9 100.0 100.2 100.5 100.9 101.8 102.1 102.8 103.3 103.6 103.7 103.9 103.8 104.3 104.5 105.3 105.2 106.3 106.6 106.5 106.6 106.9 107.2 107.9 107.8 108.3 108.1 108.5 108.7 109.0 109.7 1I LARGE TIME ! | 1 1 1 1 1 1 567? 56.7 57.0 57.4 57.5 57.5 57.5 57.9 58.0 57.9 57.2 56.8 57.3 57.5 57.9 59.2 60.5 60.8 60.9 61.3 61.7 62.0 62.3 62.9 63.3 63.5 63.5 63.3 63.5 63.6 63.6 64.1 64.7 65.2 66.0 66.4 66.6 66.5 66.0 66.1 66.2 66.7 67.2 67.4 68.5 68.9 69.5 70.0 70.0 70.3 70.9 71.2 I7-I NOI_S£A£QRALLY_ADJU£I£JL |I J SAVINGS |I |I |1 |I |I |I |1 |1 |1 |I |1 II |1 |1 |I I1 |I II II |1 II 11 |I || 11 II |I |I II |I |I |I |i |I |I |I |I |I |I |I II II 1I II II 1I IJ II |I II |I |I 112.1 112.5 112.7 113.1 113.4 113.8 114.1 114.6 114.9 115.6 116.2 116.8 117.2 117.8 117.9 117.5 117.4 117.3 117.2 117.8 118.1 118.2 118.6 118.8 118.9 119.0 119.3 119.4 119.3 119.4 119.4 119.7 119.7 119.8 119.8 119.8 120.0 120.0 120.3 120.8 121.1 121.1 121.2 121.1 121.2 121.9 122.4 122.5 122.8 122.7 122.7 122.8 LARGE TIME SMALL TIME , 1 1 1 9476 95.4 95.7 96.2 96.8 97.4 97.9 98.4 98.9 99.1 100.2 100.1 100.4 100.3 100.0 99.3 98.7 99.0 100.1 99.6 99.8 100.5 100.7 101.0 101.2 101.9 102.9 102.6 102.9 103.2 103.6 103.8 104.1 104.0 104.3 104.4 105.1 105.1 106.2 106.7 106.6 106.7 107.0 107.3 107.6 106.7 106.5 106.1 106.5 107.0 107.0 107.7 OVERNIGHT RP"S 1 5772 1 i I 1 1 I I 57.0 57.5 57.8 57.5 57.0 57.1 57.5 57.7 57.6 56.7 55.8 56.2 56.2 56.6 58.5 60.3 61.0 61.2 61.6 62.2 62.5 62.5 62.6 61.9 61.6 61.3 61.4 62.3 63.1 63.8 64.9 65.7 66.7 68.1 68.3 67.9 67.2 67.0 67.5 67.6 68.3 68.5 67.8 68.1 68.4 68.9 69.5 69.3 69.9 71.2 71.9 | 573 2.1 2.2 1 | | I I | 1 I 1 1 1 1 2.0 2.1 2.0 2.6 2.8 2.7 2.4 2.5 2.6 2.9 3.1 2.8 2.9 3.0 2.8 3.0 3.0 3.0 2.9 2.9 3.3 3.1 3.6 3.5 3.3 3.4 3.4 3.4 3.5 3.5 3.4 3.4 3.2 3.0 2.8 2.8 2.8 3.0 2.9 2.9 3.2 3.6 3.5 3.3 3.4 3.0 3.3 3.1 2.9 TABLE 10 OTHER MONEY STOCK COMPONENTS — ( 3 I L L I 0 N S OF DOLLARS) WEEKLY COMMERCIAL BANK TIME t, SAVINGS DEPOSITS SI£G SEA*iQXALLl-k£U^ 1 1973 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY J UN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV OEC OEC OEC OEC 3... 1 10... 1 17... 1 24... 1 31... 1 7... 1 14... 1 21... 1 28... 1 7... 1 14... 1 21... I 28... 1 4... 1 11... I 18... 1 25... 1 2... 1 9... 1 16... 1 23... 1 30... 1 6... ] 13... 1 20... 1 27... 1 4... I 11... 1 18... 1 25... 1 1... 1 8... 1 15... 1 22... 1 29... 1 5... 1 12... 1 19... 1 26. . . 1 3... 1 10... 1 17... 1 24... 1 31... 1 7... 1 14. . . 1 21... 1 28... 1 5... 1 12... 1 19... 1 26... 1 SAVINGS 124.1 123.9 124.0 124.0 124.0 124.1 124.0 124.1 124.1 123.9 123.9 123.8 123.8 123.8 123.7 123.8 124,0 124.1 124.4 124.5 124.8 125.0 125.1 125.3 125.3 125.5 125.7 125.7 125.8 125.7 125.5 125.3 125.0 125.0 124.9 125.0 125.2 125.1 125.2 125.4 125.5 125.6 125.8 126.1 126.3 126.5 126.6 126.6 126.7 126.9 127.0 127.2 SMALL TIME 110.6 111.0 111.3 111.7 112.1 111.6 111.9 111.8 112.0 112.3 111.8 111.6 112.3 112.0 112.2 113.0 113.3 113.8 113.9 114.1 114.6 114.7 114.7 115.2 115.4 115.5 115.8 115.4 114.8 115.0 115.4 116.0 117.3 117.7 116.8 116.3 115.5 115.4 114.5 114.2 114.1 114.1 114.5 114.8 115.8 116.1 116.3 116.6 117.3 117.7 117.8 117.8 ~" | 1 JiQISLAXmAl LARGE TIME I1 | SAVINGS 70T7 71.1 71.6 72.0 72.8 74.4 75.8 77.3 79.0 81.3 83.9 85.7 86.4 87.2 87.8 88.1 87.8 87.9 88.4 89.2 89.6 89.8 89.9 90.2 89.6 90.6 91.3 93.2 94.4 95.9 97.5 99.0 99.5 100.7 102.5 104.0 105.3 106.7 107.8 107.2 106.9 106.6 106 . 9 107.3 106.9 107.0 106.7 106.8 106.9 106.7 107.2 107.6 |I |1 |I |I II |I |1 II |I |1 |I |1 |I |I |1 |I |1 |I I I |I |I |1 |I |I |1 |I |1 I 1 |1 |1 |1 |1 |I |1 |I |1 |1 |J |i |1 |1 |1 |I |1 |I |1 |1 |1 |I |1 I1 i I 12376 123.7 123.7 123.4 123.3 123.4 123.5 123.6 123.7 124.1 124.5 124.8 125.0 125.5 125.6 125.1 125.0 125.0 125.4 125.6 126.0 126.1 126.4 126.6 126.6 126.6 127.0 126.9 126.6 126.2 125.7 125.5 125.1 124.8 124.4 124.2 124.2 123.9 123.9 124*4 124.6 124.7 124.8 124.8 124.9 125.4 125.8 125.9 126.0 126.0 1-25.9 US. 8 1 ±i-Anjusi£n. SMALL TIME LARGE TIME 1 10975 7l7l | 109.7 110.3 111.0 111.9 111.8 112.6 112.5 113.0 113.0 112.7 112.3 113.4 113.4 113.3 113.9 113.9 114.3 114.5 114.6 115.0 115.3 115.3 115.9 116.2 116.4 117.2 116.0 115.0 114.8 115.2 115.8 117.4 117.9 116.8 116.3 115.2 115.2 114.1 114.1 114.1 114.3 114.6 114.9 115.5 115.1 114.6 114.8 115.4 116.0 115.9 115.9 71.5 72.2 72.6 73.1 74.0 75.4 76.8 78.4 80.6 83.3 84.4 85.0 85.5 86.3 87.0 87.2 87.6 88.3 89.6 90.4 90.7 90.2 89.9 87.8 88.2 88.3 90.6 92.6 95.3 97.7 99.9 100.8 102.5 105.1 106.6 107.3 107.7 109.5 109.2 109.0 108.6 108.8 108.5 106.5 106.2 105.5 105.8 105.9 106.3 107.6 108.7 1 | 1 1 1 1 1 1 [ 1 1 ! 1 1 1 1 1 1 1 1 1 OVERNIGHT RPWS 57o 3.0 3.5 3.6 3.6 3.9 4.3 4.5 4.5 4.2 4.5 4.2 4.6 4.6 3.9 4.4 4.3 4.5 4.6 4.3 4.6 4.1 4.9 5.1 5.0 5.2 5.6 5.6 6.2 6.4 6.3 6.2 6.2 6.2 6.2 6.5 6.6 6.7 6.8 7.7 7.4 7.2 7.4 7.6 7.6 7.7 7.6 7.2 7.3 6.9 6.8 6.6 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) WEEKLY COMMERCIAL BANK TIME & SAVINGS DEPOSITS ££A,iQMLLX_A£iLL &I£Q SAVINGS 1 .___ 1974 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC OEC DEC OEC 2... 9... 16... 23... 30... 6. . . 13... 20... 27... 6. . . 13.. . 20... 27... 3... 10... 17... 24... 1... 8. . . 15... 22... 29... 5... 12. . . 19. . . 26... 3... 10... 17... 24. •• 31... 7... 14. . . 21... 28. . . 4... 11... 18... 25... 2... 9... 16... 23. . . 30.. . 6. . . 13... 20... 27...1 4... 11... 18... 25... 127.4 127.5 127.5 127.6 127.7 127.9 128.0 128.2 128.3 128.3 128.5 128.6 128.9 129.2 129.2 129.2 129.4 129.6 129.7 129.7 129.8 129.9 130.0 130.3 130.7 131.0 131.5 131.8 132.1 132.2 132.2 132.0 132.0 132.0 132.1 132.2 132.3 132.5 132.6 132.8 133.0 133.3 133.5 133.6 133.9 134.3 134.5 134.7 135.2 135.5 135.8 136.0 1 1 1 1 1 I SMALL TIME 118.0 118.2 118.5 118.8 118.8 119.5 119.2 119.5 119.8 120.8 121.3 121.9 121.9 121.9 121.5 121.2 121.2 121.0 121.3 121.5 121.7 121.5 121.7 121.8 121.7 121.7 121.4 121.7 121.6 121.7 121.7 122.4 122.3 122.4 122.7 122.9 123.1 123.5 123.8 123.9 123.9 124.1 124.4 124.8 124.7 125.1 125.7 126.0 124.7 123.4 124.1 124.2 1 ! 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 -MJI_S£A£QUA1J.Y ADJJJilflL LARGE TIME 1I I SAVINGS SMALL TIME LARGE TIME T08.7 109.4 110.1 111.8 113.1 113.5 114.3 114.7 115.4 115.2 115.7 115.6 116.7 118.4 121.1 122.5 124.0 125.3 126.2 127.0 127.8 129.7 130.4 131.2 132.2 133.1 133.8 134.2 135.0 135.7 136.2 135.3 136.0 136.1 136.5 137.1 137.7 137.6 137.5 137.3 137.2 137.3 137.5 137.1 136.9 136.9 136.0 136.0 136.7 138.3 139.0 139.7 II |1 I1 II 11 I1 1I |1 I1 iI |1 |I I1 |I I I |I IJ |I 1I |1 I1 |1 |1 I 1 I I |j |1 I 1 |1 |1 I I I 1 |I |1 | 1 |1 I 1 |1 I 1 11 I 1 |1 |1 |1 |1 |1 |1 I I |1 I 1 |1 |1 126.6 127.2 127.1 127.1 127.0 127.2 127.5 127.7 127.9 128.3 129.0 129.5 130.0 130.8 131.2 130.8 130.6 130.5 130.7 130.9 131.1 131.1 131.3 131.6 132.0 132.2 132.8 133.0 132.9 132.8 132.4 132.4 132.3 132.0 131.7 131.4 131.4 131.2 131.2 131.6 132.2 132.4 132.5 132.3 132.4 133.1 133.6 133.9 134.4 134.6 134.5 134.4 I1 1I6 ^ .9 T09T7 110.4 111.1 112.8 114.1 113.5 114.1 114.0 114.7 ' 114.3 114.9 114.3 115.3 116.8 119.8 121.2 123.1 124.7 125.8 127.4 128.7 131.0 130.8 130.7 130.1 130.2 130.2 130.6 132.4 134.5 136.2 136.0 137.4 138.0 139.1 139.7 139.7 138.5 139.0 139.3 139.4 139.3 139.4 138.5 136.6 136.2 134.9 134.9 135.9 138.3 139*7 141*5 1 117.7 118.1 118.4 119.5 119.7 120.2 120.8 121.6 122.1 122.6 122.9 123.1 122.5 122.0 121.8 121.8 122.0 122.1 122.2 122.2 122.3 122.5 122.4 122.4 122.5 122.2 121.7 121.5 121.5 122.1 122.4 122.6 122.7 122.9 122.9 123.2 123.3 123.7 124.0 124.5 124.8 125.2 124.3 124.1 124.2 124.4 122.8 122.1 122.5 122.6 1 1 OVERNIGHT RP M S 677 1 I 1 1 6.2 6.6 6.8 7.1 7.4 7.6 7.8 7.6 7.9 8.2 7.9 8.4 8.1 7.7 7.7 7.8 7.8 8.3 8.6 8.3 8.3 8.2 8.8 8.6 9.5 8.9 9.0 8.9 8.2 8.7 8.6 8.8 9.1 9.5 9.5 8.6 9.0 8.9 8.9 8.7 8.3 7.5 8.2 8.5 8.7 8.8 8.6 8.2 7.3 7.2 7.3 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) WEEKLY COMMERCIAL BANK TIME fr SAVINGS DEPOSITS S^A! 1975 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC OEC DEC 1...' 8. • • 15... 22... 29... 5... 12... 19... 26... 5... 12... 19... 26. . . 2... 9... 16. . . 23... 30... 7... 14... 21... 28... 4... 11... 18... 25... 2... 1 9... 16... 23... 30... 6. •• 13... 20... 27... 3... 10... 17... 24... 1... 8. . . 15... 22... 29...| 5... 12... 19... 26.. . 3... 10... 17... 24. • . 31... >TED SAVINGS SMALL TIME 136.2 136.5 136.6 136.8 137.1 137.4 137.8 138.2 138.7 139.2 139.9 140.4 140.9 141.4 142.1 142.7 143.2 143.6 144.1 144.7 145.3 146.3 147.4 148.5 149.3 150.0 150.3 151.0 151.4 151.7 151.9 151.9 152.1 152.5 152.9 153.1 153.6 153.9 154.3 154.6 154.8 155.0 155.4 155.6 156. 0 156.6 157.4 158.2 158.7 159.5 160.0 160.4 160.9 l247i | 124.6 124.9 125.0 125.2 125.1 126.2 126.7 127.7 127.8 128.8 129.1 129.3 130.3 130.6 131.3 131.6 132.1 132.3 132.8 132.7 133.3 133.5 134.1 134.6 135.3 136.2 136.4 137.2 137.8 138.1 138.4 138.7 138.4 138.9 139.4 139.5 139.3 139.6 139.9 139.8 140.5 140.3 140.4 141.0 142.1 142.0 142.3 142.6 143.6 143.7 144.3 144.4 1 1 | \ 1 -LY ADJUSTED LARGE TIME 1I I SAVINGS 1 SMALL TIME 1 1 LARGE TIME I OVERNIGHT 1 RP"S 139.8 140.8 141.2 140.8 140.9 140.6 140.2 139.3 138.3 137.9 137.1 136.7 136.0 134.5 132.8 131.8 131.2 130.4 129.1 129.0 128.9 128.2 127.7 127.4 127.1 126.0 125.4 124.9 124.8 124.3 123.7 122.6 122.5 122.5 121.7 122.1 122.7 123.4 123.4 123.6 123.5 123.8 123.9 124.6 125.1 125.0 125.3 125-1 124.9 124.2 123.4 122.9 122.5 |1 11 I1 |I |1 | 1 I 1 |1 |1 |1 I1 |1 |1 Ij | 1 | 1 I 1 | 1 |1 | 1 I 1 I1 |j | 1 |J | 1 |1 | 1 | 1 |1 |1 |1 |1 |1 | 1 |1 | 1 | 1 |1 | 1 |1 |1 |1 | 1 |1 | 1 I 1 11 |1 |1 I 1 I i I1 134.9 135.8 136.1 136.1 136.3 136.6 137.2 137.7 138.3 139.0 140.3 141.3 142.1 143.3 144.5 144.6 144.6 144.7 145.3 146.0 146.8 147.6 148.6 149.9 150.5 151.1 151.5 152.3 152.5 152.5 152.4 152.4 152.6 152.5 152.4 152.4 152.7 152.6 152.7 153.2 154.0 154.1 154.3 154.2 154.3 155.2 156.3 157.2 157.7 i 1 1 1 1 1 1 123.2 123.5 124.3 124.5 124.9 125.0 126.7 127.4 128.9 128.7 129.8 130.0 130.1 131.4 131.2 131.9 132.1 132.8 133.0 133.6 133.2 134.0 134.2 134.7 135.3 135.9 137.0 137.0 137.3 137.6 137.9 138.3 138.7 138.2 138.9 139.7 139.5 139.2 139.2 139.7 140.0 141.2 140.9 141.0 140.8 141.2 140.5 140.8 140.6 141.9 142.0 142.6 143.0 i 141.8 142.5 142.6 141.8 142.1 141.1 140.3 138.9 137.4 136.8 136.0 135.6 135.2 133.9 132.1 130.6 129.9 129.1 128.3 129.0 129.7 129.2 127.9 126.8 125.3 123.7 122.9 122.1 122.4 122.9 123.3 122.8 123.3 123.7 123.1 123.4 123.6 123.7 124.2 125.0 124.9 124.9 124.8 125.3 124,9 124.3 124.8 124.8 125.0 124.8 124.5 124.7 124.9 1 1 1 1 1 1 1 1 I | I I isa.5 158.6 15*^6 159.2 I 1 1 1 1 1 ! I 1 1 1 | | 1 |K 6 . 4 ~~ 5.9 6.3 6.7 7.3 6.9 7.1 7.6 7.6 7.5 7.1 6.7 7.4 7.9 6.8 7.2 7.0 8.7 8.4 7.4 7.8 7.9 7.4 7.0 6.8 7.9 8.7 7.6 7.6 7.7 8.4 7.3 7.0 7.8 8.3 8.8 7.6 8.1 9.0 10.2 8.5 7.7 7.6 8.3 9.3 8.6 8.1 8.5 8.0 7.2 T.2 7.7 7*5 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) ~ COMMERCIAL BANK TIME & SAVINGS DEPOSITS SEASONALLY ADJUSTED ! 1976 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY J UN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC WEEKLY | J*M SEASQflAl>LY ADJUSTED SAVINGS SMALL TIME LARGE TIME |1 1 SAVINGS ! SMALL TIME LARGE TIME 161.4 162.6 164.2 165.6 167.5 169.4 170.4 171.3 172.2 173.1 173.8 174.3 175.1 175.8 176.4 177.1 178.0 178.8 179.4 180.0 180.4 180.4 180.5 180.6 180.7 180.8 181.2 181.8 182.4 182.9 183.3 183.8 184.3 185.1 185.8 186.6 187.2 188.0 188.8 190.2 191.0 191.9 193.0 193.8 194.9 195.6 196.8 197.6 198.9 200.1 201.2 201.5 144.2 144.7 144.3 144.7 144.7 144.6 144.6 144.3 143.8 143.5 143.1 142.8 142.5 142.1 142.7 142.4 143.7 144.1 144.6 145.2 145.4 145.6 145.8 145.7 145.7 145.9 146.0 146.9 147.3 148.1 148.4 149.1 149.8 150.6 151.4 152.3 153.1 153.6 153.9 153.8 154.4 155.1 156.1 156.6 156.7 156.4 156.9 157.2 157.5 158.1 158.1 157.7 121.6 121.3 120.9 120.0 119.2 117.9 117.5 117.7 118.2 118.1 118.9 119.2 119.7 119.9 119.6 118.7 117.7 116.4 115.1 114.2 114.4 115.5 116.9 118.0 119.0 120.3 120.5 119.9 119.2 118.3 117.3 116.2 115.4 115.1 114.6 114.1 113.7 113.6 113.6 112.9 112.1 111.1 110.3 109.9 109.8 110.4 110.6 110.6 110.4 109.9 109.9 110.6 11 I1 |1 |( I 1 I1 11 |1 I1 11 |1 I 1 |1 |1 I 1 I1 |1 |i |1 I1 11 |1 |1 I 1 |1 |I |I |I II J1 1I |1 |I |1 |1 |1 |! |1 I1 I1 I1 I I |1 |1 1I II jI |I |I |I |I II 160.5 162.0 163.4 164.8 166.3 168.6 169.6 170.5 171.7 173.4 174.5 175.5 176.8 178.7 179.1 178.8 179.3 180.0 181.1 181.7 181.9 181.7 182.1 181.8 181.6 181.7 182.6 183.1 183.4 183.6 183.8 184.5 184.6 184.9 185.2 185.9 186.3 186.6 187.3 189.3 190.3 190.7 191.4 191.8 193.4 194.6 195.7 196.3 197.8 198.6 199.1 199.3 1 143.0 144.1 143.7 144.6 144.5 145.1 145.2 145.3 144.6 144.3 144.0 143.3 143.0 142.6 143.2 142.9 144.4 144.7 145.3 145.8 146.0 146.4 146.4 146.5 146.1 146.5 146.4 147.2 147.3 148.1 148.3 149.0 149.6 150.3 151.4 152.3 152.8 153.3 153.7 153.8 155.0 155.4 156.5 156.5 156.3 154.9 155.2 155.3 155.8 156.5 156.4 156.2 123.7 122.8 121.9 121.0 120.0 118.4 117.6 117.4 117.7 117.6 118.6 119.2 120.3 120.1 118.8 117.3 116.2 115.3 114.7 114.3 114.7 115.5 116.1 116.4 116.8 118.4 118.2 117.3 117.5 117.3 116.7 116.0 115.7 115.6 115.1 114.1 113.5 113.3 113.9 113.7 112.6 111.5 110.7 109.7 109.6 110.4 111.2 111.4 111.5 111.6 111.9 113.3 7... 1 14... 1 21... 1 28. . . 1 4... 1 11... 1 18... 1 25... 1 3... 1 10... 1 17... 1 24... 1 31... 7... 1 14. . . 21.. . 28.. . 5... 12... 19... 26... 2... 9... 16... 23. . . 30... 7... 14. . . 21... 28... 4... 11... 18... 25. . . 1... 8... 15... 22...| 29... 6. . . 13... 20... 27... 3... 10... 17...| 24. . . 1... &* . . 1 15...| 22...I 2 9 . . . 1\ 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 | I | | | | 1 1 1 1 1 | i | I 1 i | I | | 1 I ! \ 1 OVERNIGHT RPHS TTi 1 1 1 1 1 7.4 7.6 8.7 8.6 7.3 8.4 9.5 9.3 8.8 8.1 9.3 9.2 7.8 8.9 9.3 11.3 12.0 10.8 11.7 12.0 11.9 10.8 10.0 10.2 11.5 10.8 9.8 10.3 11.0 12.6 12.1 13.0 13.9 13.3 12.6 12.0 11.5 13.1 11.6 11.0 11.2 12.1 12.4 11.8 12.1 13.7 13.8 13.5 13.2 12.8 15.5 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS OF DOLLARS) COMMERCIAL BANK TIME~l SAVINGS DEPOSITS I I 1977 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC 5... I 12. . . I 19... I 26... I 2... I 9... I 16.. . I 23... I 2... I 9... 1 16... 1 23... 1 30... I 6... 1 13... I I 20... 27... 1 4... 1 11... 1 18... 1 25... f 1... 1 8... I 15... I 1 22... 29... I 6... 1 13... I 20... 1 27... I 3... i 10... f 17... I 24... 1 31... i 7... I 14... 1 21... I 28. . . 1 5... I 12. . . 1 19... 1 26. . . 1 2... 1 9... 1 16. . . 1 23... 1 30... 1 7... 1 14... 1 21... 1 28... 1 SAVINGS 20279 203.8 204.2 205.0 205.6 206.3 206.9 207.4 207.6 208.1 208.5 209.0 209.3 209.8 210.3 210.5 211.0 211.3 211.6 211.7 211.8 211.6 212.3 212.5 212.7 212.5 212.7 212.9 213.3 213.6 214.1 214.6 214.7 214.9 215.0 215.4 215.6 215.8 215.8 216.3 216.9 217.1 217.0 216.9 217.2 217.5 217.4 217.5 217.6 217.8 217.7 217.9 [ WEEKLY NOT SEASONALLY ADJUSTED SMALL TIME LARGE TIME 1I I SAVINGS 15875 158.8 159.4 160.2 160.0 160.3 160.5 160.8 161.5 161.9 162.6 163.2 163.5 163.8 164.1 164.4 164.8 165.3 165.9 166.2 166.5 167.1 167.4 167.6 168.1 167.8 168.2 168.8 168.4 168.6 168.2 168.4 168.2 168.5 168.4 168.8 169.1 168.7 169.1 168.8 168.6 168.6 168.8 168.6 169.3 169.6 170.2 169.7 170.2 170.6 170.4 171.1 110.8 110.2 109.5 109.4 109.7 110.2 110.7 110.6 110.4 110.7 110.4 110.5 110.9 110.9 110.7 110.5 110.3 110.0 110.1 110.6 111.5 112.2 113.4 114.2 114.7 115.6 116.0 116.5 117.6 118.2 118.9 119.3 120.1 120.6 121.4 122.0 122.0 122.5 123.2 124.5 125.5 126.1 127.4 128.6 129.8 130.7 131.9 133.1 133.0 134.2 135.6 136.5 1I I 1 II I I |I I 1 II I I | I I 1 |I I1 |I |1 I1 11 I1 |1 |1 11 |I | 1 | 1 I i | 1 I 1 |1 |1 |1 I1 | 1 | 1 |1 |1 |1 |1 I 1 I 1 I 1 | 1 II I1 |1 |1 I 1 |1 |1 |1 |I |1 |1 |1 201.6 203.2 203.4 204.0 204.3 205.3 205.9 206.5 206.9 208.3 209.3 210.1 211.2 212.9 213.4 212.2 212.2 212.2 213.3 213.4 213.6 213.2 213.8 213.6 213.3 213.1 214.2 214.7 214.7 214.8 214.9 215.4 215.3 215.1 214.8 215.2 215.2 214.8 214.8 215.9 216.5 216.1 215.6 214.9 215.4 215.9 216.0 215.9 216.2 216.0 215.3 215.3 SMALL TIME LARGE TIME 157.5 158.0 158.9 160.0 159.9 160.6 161.1 161.7 162.3 162.7 163.6 163.7 163.8 164.3 164.6 164.7 165.4 165.8 166.6 166.9 167.0 167.9 168.0 168.4 168.6 168.5 168.8 168.9 168.4 168.6 168.2 168.4 168.4 168.3 168.5 168.8 168.9 168.5 169.3 169.4 169.6 169.3 169.4 168.8 168.7 168.1 168.4 168.0 168.5 168.8 168.3 169.6 113.2 111.8 110.7 110.4 110.5 110.9 111.2 110.7 110.4 110.7 110.5 110.8 111.8 111.2 110.0 109.1 108.7 108.6 109.1 110.2 111.6 112.1 112.6 112.7 112.6 113.8 114.0 114.3 115.7 116.8 118.0 118.7 119.6 120.5 121.4 121.7 121.5 121.7 123.1 124.8 125.6 126.3 127.8 128.8 129.8 130.9 133.0 134.3 134.9 136.8 138.6 . 139.9 i i 1 j j I I 1 1 1 1 I 1 I 1 1 1 1 1 1 f 1 1 | 1 I 1 1 1 I 1 1 1 I 1 1 OVERNIGHT RP"S 12.2 12.1 12.2 12.8 12.8 11.8 12.5 13.2 14.1 13.5 12.9 13.2 14.8 12.0 11.7 13.7 15.6 15.7 15.7 15.6 16.1 15.3 14.8 14.9 14.4 16.1 14.6 14.1 14.8 16.6 16.7 16.1 15.7 15.9 16.7 15.9 16.4 15.5 17.9 16.6 15.6 15.2 16.6 17.0 17.0 17.0 18.3 18.6 18.1 17.6 16.6 18.8 TABLE 10 OTHER MONEY STOCK COMPONENTS ~ (BILLIONS OF DOLLARS) "COMMERCIAL _ 1978 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN J UN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV OEC DEC DEC DEC BANK TIME " S A V I N G S DEPQSTTS SEASONALLY ADJUSTED |1 I 1 SMALL TIME 1 LARGE TIME |I I 21875 1 171.8 "1 T3677 J |1 218.7 218.8 218.7 218.7 219.1 219.2 219.3 219.0 219.3 219.4 22... 219.3 29... 1 219.4 219.5 5... 12... 1 219.7 219.8 19... 26... 219.9 219.9 3... 220.0 10... 220.1 17... 220.4 24... 220.8 31... 221.3 7... 221.3 14... 221.3 21... 221.3 28... 220.9 5... 220.2 12... 219.8 19... 219.8 26... 219.6 2... 220.0 9...J 220.1 16... 220.5 23... 220.6 30... 220.8 o. . « 220.9 13... 220.9 20... 221.0 27...| 221.4 4...I 221.5 11...1 221.4 18...| 221.4 25...| 220.8 1...I 219.9 o ... 1 219.4 15...| 218.5 22...j 217.8 29...| o . . . 1 217.2 216.6 13...| 215*6 2 0 . . .| 215.2 27*..... I I 1 1 I I I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 171.7 171.8 172.0 172.1 172.3 172.3 172.9 173.2 173.4 173.5 173.5 173.4 174.0 173.5 174.0 174.2 174.1 174.2 174.9 174.9 175.3 175.3 175.8 175.8 176.9 177.6 176.8 177.7 177.7 178.6 178.3 179.2 179.0 179.6 180.9 181.0 182.1 182.6 183.5 184.1 183.4 183.0 184.0 185.4 186.6 186.0 189.2 188.9 188.1 189*1 190.8 1 137.2 137.9 138.7 139.7 141.0 141.4 142.4 143.5 145.0 146.2 147.4 148.3 149.2 150.2 151.7 152.8 154.3 155.1 155.7 156.8 157.9 159.1 159.6 159.5 159.4 160.5 162.7 163.4 164.4 164.4 165.4 165.4 166.6 167.1 167.0 168.7 168.1 167.9 167.2 166.7 167.9 170.3 172.3 175.2 176.6 178.2 178.1 178.2 179.9 179.7 178.8 |1 II |1 |1 11 |1 |1 |1 |I |1 |I |1 II J1 |1 Ji |I |1 |1 i 1 |1 |1 |1 JJ |1 |1 |i J 1 |1 J 1 {1 |1 |1 |1 J 1 |1 |1 |1 j1 |1 |1 |i |1 |1 |I |1 |1 |1 |I |1 |1 1 4... 1 11... I 18... 1 25... I 1... 1 o . . 1. 15... I 22... 1 1... 1 o . . .1 15... 1 SAVINGS 1 | j j I 1 ! 1 1 1 | | i i j | WEEKLY NOT SEASONALLY SAVINGS 1 . 216.9 218.1 217.9 217.6 217.3 217.9 218.2 218.3 218.2 219.1 219.8 220.3 221.0 222.4 223.0 221.6 1 220.9 220.8 221.6 221.9 222.3 222.4 222.7 222.3 221.7 221.5 222.3 222.3 221.4 221.0 220.5 220.8 220.7 220.8 220.6 220.8 220.9 220.3 220.2 221.2 221.5 220.8 220.2 218.9 218.3 217.8 216.8 216.2 215.5 214.7 213.4 212.6 LARGE TIME SMALL TIME 1 mTo - 1 1 1 1 1 1 ! 1 1 1 1 I j i j | j 170.8 171.1 171.6 171.9 172.5 172.9 173.8 173.9 174.1 174.2 174.0 173.6 174.4 173.7 174.3 174.7 174.6 174.9 175.6 175.4 176.2 176.1 176.9 176.7 177.8 178.5 177.0 177.7 177.7 178.6 178.1 179.4 178.4 179.5 181.1 180.6 181.9 182.8 184.2 185.4 183.9 183.5 184.3 184.8 185.3 183.8 186.9 186.8 186.0 187.0 189.1 ADJUSTED | j | | | j | | i | | i | 1 j I OVERNIGHT 1 RPHS T3978 "1 139.4 139.7 140.4 141.1 141.9 142.1 142.7 143.9 145.8 147.0 148.2 149.6 149.9 149.6 149.8 150.7 152.4 153.5 154.8 156.6 157.9 157.8 157.5 156.3 156.5 157.7 159.6 160.5 162.1 162.7 164.4 164.3 166.1 166.8 166.1 167.8 166.7 167.2 167.1 166.4 168.0 171.0 173.3 175.7 176.9 179.8 179.7 181.1 184.0 184.0 183.0 1 1 1 1 1 1 1 1 1 1 1 1 1 ! 1 1 1 1 1 1 1 1 1 1 1 17.0 16.4 16.6 17.5 17.4 16.9 16.9 18.4 17.7 17.8 18.0 18.3 19.9 17.7 .17.3 18.1 18.9 19.0 19.8 19.1 18.5 18.5 16.2 16.7 16.9 18.6 18.2 15.9 18.1 18.8 19.0 18.8 18.7 19.7 20.4 19.3 17.9 17.6 21.4 20.2 18.2 18.5 20.1 20.2 19.1 19.3 21.1 21.6 21.7 21.3 20.5 22.0 TABLE 10 OTHER MONEY STOCK COMPONENTS — (BILLIONS CF DOLLARS) WEEKLY COMMERCIAL BANK TIME L SAVINGS DEPOSITS SEASONALLY ADJUSTED 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY 1AY MAY JUN J UN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 3... 10... 17... 24. . . 31... 7... 14... 21. . . 28. . . 7... 14. . . 21.. . 28. . . 4... I 11...1 18... 25... 2... 9... 16. . . 23. . . 30. . . 6. . . 13... 20... 27... 4... i 11... 18... 1 25... I 1... o. . . 15... 22... 29... 5... 12... I 19... 26... 3... 10... 1 17... 24... 31... I 7... 14... 21... 28... 5... 12... 19... I 26... SAVINGS SMALL TIME 21478 213.6 212.2 211.4 210.9 210.1 209.8 209.4 208.8 208.1 207.8 207.3 207.0 207.0 206.9 206.2 206.0 205.4 205.5 205.3 205.2 205.3 205.8 206.2 206.5 206.8 206.8 207.1 207.1 207.0 206.7 207.1 207.2 206.9 206.9 206.4 206.4 205.5 204.7 204.2 204.0 203.4 202.1 200.5 197.9 197.6 197.1 196.4 195.7 195.9 195.6 195.0 192.8 192.6 193.3 193.8 194.4 195.1 195.5 195.8 196.0 196.7 197.5 198.3 199.2 200.1 201.5 202.5 203.6 204.6 205.3 206.2 207.3 208.1 209.5 210.3 211.5 211.7 212.0 213.2 214.2 214.9 215.9 216.8 217.4 218.8 219.5 219.8 221.1 221.7 222.6 223.8 225.1 225.7 227.3 229.1 232.9 234.8 235.9 236.6 237.6 238.2 239.0 239.4 ! 1 1 1 1 1 I 1 I I 1 1 1 1 | | | | I I |1 EJQI-SEAiQNALLY ADJUSTED LARGE TIME |I | SAVINGS 177.9 178.6 180.5 181.7 182.2 182.0 183.1 183.7 184.3 183.1 182.7 181.5 180.8 180.3 180.6 179.8 179.6 179.3 179.1 178.7 178.0 177.1 175.0 174.5 174.7 175.7 176.8 175.6 175.2 175.1 176.2 176.6 177.1 177.5 178.8 180.6 181.2 183.7 185.3 186.6 187.6 188.0 187.6 188.4 188.8 190.2 191.4 190.5 190.5 189.4 188.9 189.5 |I |t |I |I |I |I |1 |I |I I I |I |I II |I |1 |I |1 |I |I |I |I |I 11 I1 |I |I |I |I I1 |I |I |1 |I |1 |I |I |I |I |I |1 |1 |1 |1 |I |I |I |1 | I |I |I |I JI 21375 213.0 211.4 210.4 209.3 208.8 208.7 208.3 207.8 207.8 208.2 208.1 208.6 209.5 210.2 208.2 207.1 205.9 206.8 206.8 206.7 206.7 207.1 207.4 206.8 207.0 207.7 208.8 208.5 208.0 207.3 207.7 207.6 207.1 206.7 206.4 206.4 204.9 203.8 204.0 204.2 202.8 201.2 198.6 196.6 196.3 195.8 195.1 194.3 194.2 193.6 192.8 I 1 I 1. 1 I 1 1 1 I 1 1 1 1 1 1 [ 1 1 1 | | | j | | | | j 1 ! I 1 SMALL TIME LARGE TIME 191.6 192.0 192.8 193.6 194.2 195.3 196.1 196.6 196.8 197.5 198.3 198.9 199.4 200.5 201.5 202.7 204.0 205.0 206.1 207.0 208.0 209.2 210.5 211.6 212.6 212.8 213.0 213.4 214.2 214.9 215.9 216.6 217.4 218.3 219.0 219.5 220.6 221.5 222.8 224.3 225.5 226.4 228.0 229.8 232.4 ,233.1 233.1 233.7 235.0 235.6 236.2 237.3 181.3 182.8 184.1 184.4 183.1 184.0 184.2 185.3 184.6 184.4 182.6 182.5 181.2 180.0 177.8 177.1 177.4 177.1 177.5 177.8 177.3 173.6 172.2 171.2 172.3 174.0 172.2 171.7 172.3 174.1 175.4 175.7 176.4 178.2 179.5 179.9 182.0 184.0 186.0 187.0 187.9 188.4 189.3 189.4 190.6 192.9 192.2 193.3 193.6 193.4 193.8 OVERNIGHT RPHS laTTi I I 1 1 1 1 1 | j 1 1 | j I | | | | | | | ! I | | I | | j | | | ! 1 1 1 1 1 i | | | 1 t 1 I | | i | | | | | I I 1 i 1 20.3 19.8 20.3 21.0 21.2 20.6 21.7 20.4 21.4 20.8 21.8 21.9 22.2 21.3 21.1 21.9 23.0 22.9 22.7 23.8 22.7 23.3 23.6 23.5 22.5 22.8 22.1 20.5 23.1 22.4 22.3 21.2 22.4 21.3 22.3 22.8 22.6 22.7 23.3 23.0 22.6 22.0 21.8 22.1 21.3 20.0 19.8 19.7 21.1 20.0 20.2 20.4