h6_19770222_revision.pdf

February 22, 1977

HISTORICAI^MONEY STOCK/DATA

The money stock measures and related data have been revised

to incorporate the latest benchmark adjustments for domestic nonmember

banks and revised seasonal factors. Only very small adjustments were

required to benchmark the money stock (M. and M0 measures) to the June

1976 call report data for domestic nonmember banks. Nonmember bank demand

deposits were increased by $100 million in June and time deposits were

reduced $200 million. Seasonal factor revisions were also quite small.

Projected monthly and weekly seasonal factors for 1977 are

shown on the next page. Historical monthly and weekly M-, M~, and M,

data; monthly M and M,- data; and their components, seasonally adjusted

and not seasonally adjusted, from 1959 to 1976 are shown on the attached

tables. Definitions of money stock measures M- through Mj. are shown below:

M- = (1) Demand deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Government, less cash items in the process of collection and F.R. float; (2) Foreign demand balances at F.R. banks; and (3) Currency outside the Treasury, F.R. banks and vaults of all commercial banks.

M^ = In addition to currency and demand deposits, savings deposits, time deposits open account, and time certificates of deposit other than negotiable time certificates of deposit issued in denominations of $100,000 or more by large weekly reporting commercial banks.

M3 = Mo plus the average of the beginning and end of month deposits or mutual savings banks, savings and loan shares, and credit union shares.

M, = M2 plus negotiable time certificates of deposit issued in denominations of $100,000 or more.

Mc = M~ plus negotiable time certificates of deposit issued in denominations of $100,000 or more.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

MONEY STOCK SEASONAL FACTORS1977

Demand Currency Deposits

MONTHLY January February March April May June

.9930

.9870

.9920

.9960

.9975 1.0030

1.0280 .9870 .9900 1.0090 .9790 .9965

WEEKLY January 5 1.0090 1.0656

12 1.0050 1.0484 19 .9937 1.0331 26 .9799 .9986

February 2 .9783 .9978 9 .9961 .9930 16 .9900 .9900 23 .9832 .9761

March 2 9 16 23 30

.9808 1.0000 .9960 .9902 .9814

.9868

.9905

.9965

.9861

.9847

April 6 1.0019 1.0108 13 1.0087 1.0186 20 .9949 1.0206 27 .9822 .9932

May 4 .9926 .9913 11 1.0057 .9820 18 .9989 .9815 25 .9921 .9662

June 1 8 15 22 29

.9949 1.0102 1.0077 1.0009 .9906

.9806

.9933 1.0060 .9976 .9882

Time Deposits Member Banks Nonmember CDs Other Banks

1.0010 .9690 .9780 .9750 .9820 .9850

.9990 1.0010 1.0060 1.0080 1.0090 1.0060

.9950 1.0020 1.0090 1.0080 1.0070 1.0030

1.0090 .9973 .9908 1.0070 ,9980 .9934 1.0040 .9985 .9948 .9970 .9995 .9962

.9870 1.0000 .9973

.9760 .9995 .9998

.9690 1.0005 1.0016

.9630 1.0020 1.0035

.9620

.9700

.9770

.9830

.9850

1.0030 1.0045 1.0060 1.0060 1.0085

1.0054 1.0072 1.0088 1.0088 1.0098

.9830 1.0080 1.0106

.9800 1.0080 1.0090

.9730 1.0080 1.0070

.9690 1.0080 1.0062

.9700 1.0080 1.0054

.9730 1.0090 1.0060

.9820 1.0085 1.0068

.9880 1.0095 1.0074

.9910

.9900

.9850

.9830

.9830

1.0085 1.0070 1.0075 1.0040 1.0035

1.0062 1.0058 1.0048 1.0010 .9998

Demand Currency Deposits

MONTHLY July August September October November December

1 1

1 1

.0075

.0035

.9975

.9975

.0070

.0185

.9990

.9855

.9920

.9960 1.0060 1.0320

WEEKLY July 6 1.0169 1.0078

13 1.0143 1.0115 20 1.0069 .9996 27 .9966 .9822

August 3 10 17 24 31

1.0007 1.0165 1.0092 .9999 .9896

.9931

.9908

.9915

.9766

.9783

Sept. 7 1.0108 .9931 14 1.0030 1.0028 21 .9947 .9951 28 .9829 .9767

October 5 .9975 .9956 12 1.0095 .9963 19 .9992 1.0011 26 .9904 .9847

Nov. 2 9 16 23 30

.9893 1.0131 1.0100 1.0092 1.0014

1.0068 1.0045 1.0125 1.0011 1.0047

Dec. 7 1.0183 1.0201 14 1.0195 1.0308 21 1.0197 1.0331 28 1.0228 1.0305

Time Deposits Member Banks Nonmember CDs Other Banks

.9990 1.0200 1.0350 1.0300 1.0100 1.0160

1.0010 .9990 .9950 .9950 .9890 .9920

.9990 1.0010 .9980 .9970 .9920 .9890

.9860 1.0025 .9998

.9930 1.0010 .9986 1.0000 1.0005 .9984 1.0060 1.0000 .9989

1.0100 1.0130 1.0170 1.0250 1.0300

.9995

.9995

.9990

.9980

.9975

.9999 1.0018 1.0012 1.0010 1.0004

1.0320 .9970 .9993 1.0330 .9955 .9984 1.0350 .9930 .9968 1.0390 .9945 .9968

1.0390 .9945 .9976 1.0350 .9965 .9979 1.0310 .9955 .9974 1.0270 .9955 .9958

1.0190 1.0100 1.0080 1.0090 1.0110

.9930

.9915

.9895

.9885

.9875

.9934

.9926

.9920

.9914

.9903

1.0150 .9885 .9896 1.0170 .9900 .9894 1.0170 .9920 .9878 1.0180 .9940 .9876


TABLfc 1 MONEY STOCK MEASURES BILLIONS OF DOLLARS

PAGE

1 9 5 9 . . J A N . F E B . . . M A R A P R . MAY . J U N E . J U L Y A U G . S E P * O C T . N O V . . . D E C . I

I 9 6 0 . . J A N . . . F E B . . . M A R . A P R . . . M A Y . . J U N E J U L Y A U G . S E P . O C T . N O V . D E C . 1

1 9 6 1 . . J A N . j F E B . 1 MAR 1 A P R * M A Y 1 J U N E . . J U L Y I A U G . I S E P * 1 U C T . 1 N O V . 1 D E C . 1

M l 1 1 DEMAND

D E P O S I T S PLUS

CQRRENCY 1 I 1 4 2 . 2 1 1 4 2 . 5 I 1 4 3 . 1

1 4 3 . 3 1 4 3 . 9 1 4 4 . 2 1 4 4 . 9 1 4 4 . 5 1 4 4 . 2 1 4 3 . 8 1 4 3 . 7 1 4 3 . 4

1 4 3 . 3 1 4 2 . 9 1 4 2 . 8 1 4 3 . 0 1 4 2 . 6 1 4 2 . 7 1 4 3 . 5 1 4 4 . 0 1 4 4 . 3 1 4 4 . 3 1 4 4 . 2 1 4 4 . 2

1 4 4 . 4 1 4 4 . 9 1 4 5 . 2 1 4 5 . 6 1 4 6 . 1 1 4 6 . 4 1 4 6 . 5 1 4 6 . 8 | 1 4 7 . 3 I 1 4 7 . 8 | 1 4 8 . 4 | 1 4 8 . 7 I

f SEASONALLY A D J U S T E D ) 1 M2 I M l PLUS IT1ME OTHER ITHAN LARGE 1 CDS 1 2 0 8 . 5 1 2 0 8 . 6 1 2 0 9 . 2 1 2 0 9 . 9 1 2 1 0 . 6 ! 2 1 1 . 1 I 2 1 2 . 0 1 2 1 1 . 5 1 2 1 1 . 4 1 2 1 1 . 0 1 2 1 1 . 2

2 1 0 . 9 |

1 2 1 0 . 7 1 1 2 0 9 . 9 |

2 0 9 . 7 2 1 0 . 3 | 2 1 0 . 1

1 2 1 0 . 6 | I 2 1 2 . 1

2 1 3 * 5 2 1 4 . 7 2 1 5 . 6 2 1 6 . 5

I 2 1 7 . 1

2 1 6 . 0 2 1 9 . 5 2 2 0 . 0 2 2 1 . 2 2 2 2 . 5 | 2 2 3 . 4 ! 2 2 4 . 3 I 2 2 5 . 2 | 2 2 6 . 1 1 2 2 7 . 1 1 2 2 8 . 3 | 2 2 8 . 6 |

M3 M2 PLUS

1 D E P O S I T S AT NONBANK T H R I F T I N T

1 2 9 3 . 9 1 2 9 4 . 6 I 2 9 6 . 0

2 9 7 . 4 1 2 9 8 . 9 I 3 0 0 . 1

3 0 1 . 7 3 0 2 . 0 3 0 2 . 5 3 0 2 . 7 3 0 3 . 4 3 0 3 . 8 1

3 0 4 . 2 3 0 * . 1 3 0 4 . 6 3 0 5 . 9 3 0 6 . 5 3 0 7 . 7 3 1 0 . 0 3 1 2 . 3 3 1 4 . 4 I 3 1 6 . 1 I 3 1 7 . 9 3 1 9 . 3

3 2 1 . i i 1 * 2 3 . 6 3 2 5 . 0 3 2 7 . 1 3 2 9 . 3 3 3 1 . * 3 3 3 . 0 | 3 3 4 . 7 | 3 3 6 . 6 3 3 6 . 5 | 3 4 0 . 7 1 3 4 2 . 1 1

M4 1 1 M2 PLUS 1 1 LARGE I N E G O T I A B L E )

COS L 2 0 8 . 5 I 2 0 6 . 6 | 2 0 9 . 2 1 2 0 9 . 9 | 2 1 0 . 6 | 2 1 1 . 1 | 2 1 2 . 0 | 2 1 1 . 5 | 2 1 1 . 4 | 2 1 1 . 0 | 2 1 1 . 2 t 2 1 0 . 9 |

2 1 0 . 7 I 2 0 9 . 9 | 2 0 9 . 7 I 2 1 0 . 3 I 2 1 0 . 1 | 2 1 0 . 6 | 2 1 2 . 1 | 2 1 3 . 5 | 2 1 4 . 7 I 2 1 5 . 6 | 2 1 6 . 5 | 2 1 7 . 1 |

2 1 8 . 1 | 2 1 9 . 7 | 2 2 0 . 5 | 2 2 1 . 8 | 2 2 3 . 4 | 2 2 4 . 3 | 2 2 5 . 6 | 2 2 6 . 7 | 2 2 7 . 9 | 2 2 9 . 2 | 2 3 0 . 7 \ 2 3 1 . 4 |

M5 1 M3 PLUS I

LARGE I N E G O T I A B L E l

CDS L 2 9 3 . 9 | 2 9 4 . 6 I 2 9 6 . 0 | 2 9 7 . 4 | 2 9 8 . 9 | 3 0 0 . 1 | 3 0 1 . 7 I 3 0 2 . 0 | 3 0 2 . 5 | 3 0 2 . 7 | 3 0 3 . 4 | 3 0 3 . 8 |

3 0 4 . 2 | 3 0 4 . 1 | 3 0 4 . 6 f 3 0 5 . 9 | 3 0 6 . 5 | 3 0 7 . 7 3 1 0 . 0 | 3 1 2 . 3 I 3 1 4 . 4 | 3 1 6 . 1 | 3 1 7 . 9 | 3 1 9 . 3 |

3 2 1 . 3 I 3 2 3 . 9 | 3 2 5 . 5 | 3 2 7 . 7 I 3 3 0 . 2 1 3 3 2 . * 3 3 4 . 3 I 3 3 6 . 3 1 3 3 8 . 4 I 3 4 0 . 6 1 3 4 3 . 2 1 3 4 4 . 8 |

1 M l | DfcMAND I D E P O S I T S 1 PLUS 1 CURRENCY 1 I 1 4 5 . 5 1 1 4 2 . 6 1 1 4 1 . 9 1 1 4 3 . 0 1 1 4 2 . 0 1 1 4 2 . 7 1 1 4 3 . 5 1 1 4 3 . 1 ! 1 4 3 . 6 | ! 1 4 3 . V

1 4 5 . 0 1 1 4 7 . 1 I

I 1 4 6 . 6 1 1 4 2 . 9 | f 1 4 1 . 6 ! 1 4 2 . 9

1 4 0 . 7 1 4 1 . 1 1 4 2 . 0 |

1 1 4 2 . 5 1 1 4 3 . 7 1 1 1 4 4 . 5 i 1 4 5 . 6 | 1 1 4 6 . 0 |

1 1 4 7 . 8 | 1 4 4 . 9 |

i 1 4 4 . 0 1 4 5 . 7 | 1 4 4 . 1 , 1 4 4 . 7 1 4 5 . 0 | 1 4 4 . 9 i 1 4 6 . 6 | 1 4 8 . 0 | 1 4 9 . 6 | 1 5 * . 9 |

(NOT SEASONALLY A D J U S T E D ) i M2 I M l PLUS I T I M E OTHER ITHAN LARGE 1 CDS 1 2 1 1 . 1

2 0 8 . 4 2 0 8 . 1 2 0 9 . 7 2 0 9 . 0 2 1 0 . 1

1 2 1 1 . 0 2 1 0 . 5 2 1 1 . 1 2 1 1 . 3 2 1 1 . 8 2 1 3 . 7

2 1 3 . 4 2 0 9 . 6

I 2 0 8 . 6 2 1 0 . 3 2 0 8 . 5

1 2 0 9 . 3 2 1 1 . 1 2 1 2 . 5 2 1 4 . 4 2 1 5 . 9 2 1 7 . 1 2 2 0 . 0 |

2 2 0 . 8 2 1 9 . 2 2 1 9 . 1 2 2 1 . 6 2 2 1 . 0 2 2 2 . 2 2 2 3 . 3 2 2 3 . 6 2 2 5 . 6 I 2 2 7 . 4 1 2 2 8 . 9 2 3 1 . 9

M3 M2 PLUS

i D E P O S I T S AT NONBANK T H R I F T I N T I

2 9 6 . 9 | 2 9 4 . 6 2 9 5 . 0 2 9 7 . 2

i 2 9 7 . 1 1 2 9 9 . 3

3 0 1 . 0 3 0 0 . 8 i 3 0 1 . 9 3 0 2 . 6 3 0 3 . 6 3 0 6 . 7 1

3 0 7 . 3 3 0 4 . 0 3 0 3 . 7 I 3 0 6 . 1 I 3 0 4 . 8 3 0 6 . 7 1 3 0 9 . 3 3 1 1 . 1 | 3 1 3 . 7 I 3 1 6 . 1 | 3 1 8 . 1 3 2 2 . 3 1

3 2 4 . 4 3 2 3 . 6 I 3 2 4 . 3 3 2 7 . 5 I 3 2 7 . 6 3 3 0 . 2 3 3 2 . 2 I 3 3 2 . 9 I 3 3 5 . 7 | 3 3 8 . 5 | 3 4 0 . 9 | 3 4 5 . 4 |

1 MA M2 PLUS

1 LARGE N E G O T I A B L E

I Q | 2 1 1 . 1 2 0 8 . 4 2 0 8 . 1 2 0 9 . 7 2 0 9 . 0 2 1 0 . 1 2 1 1 . 0 2 1 0 . 5 2 1 1 . 1 2 1 1 . 3 2 1 1 . 6 2 1 3 . 7 1

2 1 3 . 4 2 0 9 . 6 2 0 6 . 6 2 1 0 . 3 2 0 8 . 5 2 0 9 . 3 2 1 1 . 1 2 1 2 . 5 2 1 4 . 4 2 1 5 . 9 2 1 7 . 1 2 2 0 . 0

2 2 0 . 9 2 1 9 . 5 | 2 1 9 . 5 2 2 2 . 2 2 2 1 . 8 2 2 3 . 2 2 2 4 . 6 2 2 5 . 1 2 2 7 . 4 | 2 2 9 . 5 2 3 1 . 4 2 3 4 . 7

M5 t I M3 PLUS I ! LARGE | N E G O T I A B L E l

LPS I 1 * 9 6 . 9 |

2 9 4 . 6 | 1 2 9 5 . 0 |

2 9 7 . 2 | 2 9 7 . 1 1 2 9 9 . 3 I 3 0 1 . 0 | 3 0 0 . 8 I 3 0 1 . 9 | 3 0 2 . 6 |

I 3 0 3 . 6 | 3 0 6 . 7 |

3 0 7 . 3 | 3 0 4 . 0 |

1 3 0 3 . 7 I 3 0 6 . 1 |

I 3 0 4 . 6 | 3 0 6 . 7 | 3 0 9 . 3 1

1 3 1 1 . 1 | 3 1 3 . 7 |

1 3 1 6 . 1 I 3 1 6 . 1 | 3 * 2 . 3 I

1 3 * 4 . 5 | 3 2 3 . 9 | 3 2 4 . 8 |

1 3 2 6 . 2 | i 3 2 8 . 5 |

3 3 1 . 2 \ 3 3 3 . 5 | 3 3 4 . 4 | 3 3 7 . 5 | 3 4 0 . 6 1 3 4 3 . 3 | 3 4 6 . 2 |


TABLE 1 MONEY STOCK MEASURES BILLIONS OF DOLLARS

PAGE

I Ml J

1 9 6 2 . . J A N . . . F E B . . . M A R . A P R . MAY J U N E J U L Y A U G . . . S E P . . . O C T . N O V . D E C .

1 9 6 3 . . J A N . F E B . . . M A R . . . A P R . MAY J U N E . . J U L Y A U G . . . S E P . . . O C T . N O V . . . D E C * 1

1 9 6 4 . . J A N . . . F E B . 1 . . M A R . A P R . . . M A Y | J U N E ! J U L Y | A U G . . . S E P . I O C T . | N O V . | . . D E C . I

DEMAND D E P O S I T S

PLUS 1 CURRENCY

1 4 8 . 9 1 4 9 . 1 1 4 9 . 5

I 1 4 9 . 8 1 4 9 , 8 1 4 9 . 9 1 4 9 . 7 1 4 9 . 5 1 4 9 . 4

I 1 4 9 . 9 1 5 0 . 5 1 1 5 0 . 9 I

1 1 5 1 . 5 | 1 5 1 . 8 1 5 2 . 2 1 1 5 2 . 7 1

1 1 5 3 . 3 I 1 5 4 . 0 1 5 4 . 6 1 1 5 4 , 7 1 1 5 5 . 1 1 5 5 . 8 1 5 6 . 9 | 1 5 6 . 5 |

1 5 6 . 9 | 1 5 7 . 3 1 1 5 7 . 8 1 5 8 . 0 I 1 5 9 . 0 | 1 5 9 . 5 | 1 6 0 . 6 I 1 6 1 . 4 I 1 6 2 . 3 1 1 6 2 . 9 | 1 6 3 . 6 | 1 6 3 . 7 |

{^SEASONALLY ADJUSTED 1 M2

! M l PLUS I T I M E OTHER ITHAN LARGE

CDS ! 2 3 0 . 2 1 2 3 1 . 7 1 2 3 3 . 5

2 3 5 . 1 1 2 3 5 . 6

2 3 6 . 6 2 3 7 . 2 2 3 7 . 5 2 3 8 . 3

1 2 3 9 . 9 2 4 1 . 5 2 4 2 . 9

2 4 4 . 7 2 4 5 . 8 2 4 7 . 1 2 4 8 . 6 2 5 0 . 0 2 5 1 . 4 2 5 2 . 7 I 2 5 3 . 8 2 5 5 . 0 | 2 5 6 . 7 2 5 9 . 0 | 2 5 8 . 9 |

2 5 9 . 9 | 2 6 1 . 1 | 2 6 2 . 1 1 2 6 3 . 0 ! 2 6 4 . 8 I 2 6 6 . 4 | 2 6 8 . 2 1 2 7 0 . 0 | 2 7 2 . 1 1 2 7 3 . 6 1 2 7 5 . 5 I 2 7 7 . 1 |

1 M3 I M2 PLUS I D E P O S I T S |AT NONBANK

T H R I F T I N T 3 4 4 . 6 3 4 7 . 1

1 3 4 9 . 9 I 3 5 2 . 5 I 3 5 4 . 0 ! 3 5 6 . 0 1 3 5 7 . 7 I 3 5 9 . 1

3 6 1 . 0 3 6 3 . 8 3 6 6 . 7 3 6 9 . 2 I

1 3 7 2 . 5 | 3 7 5 . 0 | 3 7 7 . 6 1 3 8 0 . 4 | 3 8 3 . 1 3 8 5 . 7 3 6 8 . 2 3 9 0 . 5 3 9 2 . 8 I 3 9 5 . 8 ! 3 9 9 . 3 I 4 0 0 . 3 I

4 0 2 . 6 I 4 0 5 . 0 | 4 0 7 . 2 1 4 0 9 . 4 | 4 1 2 . 6 1 4 1 5 . 5 I 4 1 8 . 8 1 4 2 2 . 0 | 4 2 5 . 5 I 4 2 8 . 3 1 4 3 1 . 6 I 4 3 4 . 4 |

M* I M2 PLUS

LARGE {NEGOTIABLE

CDS 1 2 3 3 . 2

1 2 3 4 . 9 1 2 3 6 . 9 1 2 3 8 . 7 1 2 3 9 . 4

2 4 0 . 6 2 4 1 . 5 2 4 2 . 1 2 4 3 . 1 2 4 5 . 0 2 4 6 . 9 2 4 8 . 5

2 5 0 . 7 2 5 2 . 0 2 5 3 . 6 2 5 5 . 4 2 5 7 . 1 2 5 8 . 6 2 6 0 . 4 2 6 1 . 8 2 6 3 . 4 2 6 5 . 5 2 6 8 . 2 I 2 6 8 . 5 I

2 7 0 . 3 | 2 7 1 . 9 | 2 7 3 . 1 I 2 7 4 . 3 ! 2 7 6 . 5 | 2 7 8 . 4 | 2 8 0 . 3 I 2 8 2 . 1 1 2 8 4 . 5 ! 2 8 6 . 4 | 2 8 8 . 7 I 2 8 9 . 9 |

1 M5 i I M3 PLUS | ! LARGE | I N E G O T I A B L E I \ CDS U 1 3 4 7 . 6 | ! 3 5 0 . 3 |

3 5 3 . 3 | I 3 5 6 . 1 |

3 5 7 . 8 | I 3 6 0 . 0 | 1 3 6 2 . 0 | 1 3 6 3 . 6 |

3 6 5 . 9 | 3 6 9 . 0 | 3 7 2 . 1 I 3 7 4 . 9 |

I 3 7 8 . 4 | 3 8 1 . 2 1 3 8 4 . 1 | 3 8 7 . 2 I 3 9 0 . 2 I 3 9 3 . 1 I 3 9 5 . 9 | 3 9 8 . 5 |

1 4 0 1 . 2 I 4 0 4 . 6 | 4 0 8 . 5 I 4 1 0 . 0 I

4 1 3 . 0 | | 4 1 5 . 8 1 4 1 8 . 2 l i 4 2 0 . 7 I 4 2 4 . 3 I 4 2 7 . 5 I 4 3 0 . 8 1 4 3 4 . 1 | 4 3 7 . 9 | ! 4 4 1 . 2 1 4 4 4 . 7 I I 4 4 7 . 2 I I

1 M l 1 I DEMAND 1 DEPOSITS 1 PLUS 1 CURRENCY 1 1 1 5 2 . 5 1 1 4 9 . 1 1 1 4 8 . 2 1 1 5 0 . 3 I 1 4 7 . 7 1 1 4 8 . 0 I 1 4 8 . 2 1 1 4 7 . 4 I 1 4 8 . 5 1 1 5 0 . 1 1 1 5 1 . 9 1 1 5 5 . 1

I 1 5 5 . 4 1 5 1 . 8 1 5 1 . 0 1 5 3 . 2 1 1 5 1 . 0 1 5 1 . 8 1 5 3 . 1 I 1 5 2 . 6 I 1 5 4 . 1 I 1 5 6 . 0

I 1 5 8 . 4 | 1 6 0 . 9 |

1 6 1 . 3 | 1 5 7 . 2 I 1 5 6 . 4 | 1 5 8 . 6 | 1 5 6 . 0 | 1 5 7 . 2 | 1 5 9 . 0 | 1 5 8 . 9 | 1 6 1 . 3 | 1 6 3 . 3 | 1 6 5 . 2 | 1 6 6 . 6 |

INOT SEASONALLY A D J U S T E D ) M2 1 M l PLUS T I M E OTHER

ITHAN LARGE 1 CDS 1 2 3 3 . 2 1 2 3 1 . 5 1 2 3 2 . 6

2 3 5 . 9 1 2 3 3 . 9 1 2 3 5 . 1 1 2 3 6 . 1 1 2 3 5 . 7

2 3 7 . 5 2 4 0 . 1

1 2 4 2 . 0 1 2 4 6 . 1

I 2 4 8 . 2 1 2 4 5 . 7

2 4 6 . 4 2 4 9 . 5 2 4 8 . 1

I 2 4 9 . 6 1 2 5 1 . 4

2 5 1 . 8 2 5 * . 1 2 5 6 . 9 2 5 9 . 6 2 6 2 . 3 1

2 6 4 . 2 1 2 6 1 . 0 1 2 6 1 . 2 2 6 4 . 0 I 2 6 2 . 1 1 2 6 4 . 3 ! 2 6 6 . 8 1 2 6 7 . 5 I 2 7 1 . 0 I 2 7 4 . 1 I 2 7 6 . 3 I 2 8 0 . 9 1

M3 1 M2 PLUS 1 D E P O S I T S 1 AT NONBANK [ T H R I F T I N T I 1 3 4 8 . 1 1 3 4 7 . 1 1 3 4 9 . 3 1 3 5 3 . 4 1 3 5 2 . 1 1 3 5 4 . 8

3 5 6 . 8 1 3 5 6 . 9 1 3 S 9 . 8 1 3 6 3 . 7 I 3 t > 6 . 7 1 3 7 2 . 6

1 3 7 6 . 5 3 7 5 . 1 3 7 7 . 2 3 8 1 . 5 3 8 1 . 0 3 8 4 . 2 3 8 7 . 2 3 8 8 . 0 | 3 9 1 . 5 3 9 5 . 5 I 3 9 9 . 3 4 0 3 . 8 I

4 0 7 . 4 | 4 0 5 . 2 | 4 0 6 . 8 I 4 1 0 . 7 I 4 0 9 . 7 | 4 1 3 . 7 I 4 1 7 . 5 I 4 1 9 . 1 | 4 2 3 . 9 | 4 2 8 . 5 | 4 3 1 . 9 | 4 3 8 . 3 |

I MA 1 I M2 PLUS 1 LARGE [NEGOTIABLE 1 CDS 1 2 3 6 . 1 1 2 3 4 . 7 1 2 3 6 . 0

2 3 9 . 4 2 3 7 . 7

1 2 3 9 . 2 1 2 4 0 . 4 1 2 4 0 . 3 1 2 4 2 . 3 1 2 4 5 . 1

2 4 7 . 4 1 2 5 1 . 6

2 5 4 . 0 2 5 1 . 9

1 2 5 2 . 9 2 5 6 . 3 I 2 5 5 . 3 2 5 7 . 1

1 2 5 9 . 3 i 2 6 0 . 1 | 2 6 2 . 4 | 2 6 5 . 5 2 6 8 . 7 2 7 1 . 9 |

2 7 4 . 4 | 2 7 1 . 7 | 2 7 2 . 1 I 2 7 5 . 3 I 2 7 4 . 0 | 2 7 c . 3 | 2 7 9 . 0 | 2 8 0 . 0 I 2 8 3 . 3 | 2 8 6 . 7 1 2 8 9 . 3 I 2 9 3 . 8 I

1 H i I M3 PLUS | ! LARGE | I N E G O T I A B L E I 1 CDS 1 1 3 5 1 . 0 | 1 3 5 0 . 3 | 1 3 5 2 . 7 | 1 3 5 7 . 0 |

3 5 6 . 0 | 1 3 5 6 . 8 I

3 6 1 . 1 | 3 6 1 . 6 | 3 6 4 . 6 |

1 3 6 6 . 6 | 1 3 7 2 . 1 I 1 3 7 6 . 3 I

I 3 8 2 . 3 | 3 6 1 . 3 I 3 8 3 . 7 I 3 6 6 . 3 | 3 6 8 . 2 1

1 3 9 1 . 7 | 3 9 5 . 0 | 3 9 6 . 3 | 3 9 9 . 8 | 4 0 4 . 2 | 4 0 8 . 4 | 4 1 3 . 5 |

4 1 7 . 6 I 4 1 5 . 9 | 4 1 7 . 7 | 4 2 1 . 9 | 4 2 1 . 6 | 4 2 5 . 7 | 4 2 9 . 8 | 4 3 1 . 6 I 4 3 6 . 2 | 4 4 1 . 0 | 4 4 4 . 8 | 4 5 1 . 2 |



PAGE 3

1 9 6 5 . . J A N . . . F E B . .MAR* APR. ..MAY JUNE . .JULY . . A U G . S E P . U C T . NOV. DEC.

1 9 6 6 . . J A N * F E B . MAR. . . A P R . ..MAY JUNE . .JULY AUG. . . S E P . . . O C T . . .NOV. . . D E C .

1 9 6 7 . . J A N . F E B . . . M A K APR. ..MAY .JUNE . .JULY . . A U G . S E P . . . O C T . . . N O V . D E C .

1 M l j I DEMAND I DEPOSITS I PLUS | CURRENCY 1 I 1 6 4 . 2 I 1 6 4 . 4 I 1 6 4 . 9 I 1 6 5 . 3 I 1 6 5 . 6 I 1 6 6 . 5 I 1 6 7 . 1 I 1 6 7 . 4 I 1 6 8 . 6 I 1 6 9 . 8 I 1 7 0 . 4 I 1 7 1 . 3

I 1 7 2 . 6 I 1 7 3 . 3 | 1 7 4 . 1 | 1 7 5 . 4 I 1 7 5 . 4 | 1 7 5 . 6 I 1 7 5 . 0 I 1 7 4 . 9 | 1 7 5 . 9 I 1 7 5 . 3 I 1 7 5 . 4 I 1 7 5 . 7

I 1 7 5 . 6 1 1 7 7 . 3 1 | 1 7 8 . 6 I 1 7 7 . 9 I 1 7 9 . 9 | I 1 8 1 . 4 1 I 1 8 2 . 8 | 1 6 3 . 8 | 1 8 5 . 0 1 | 1 8 5 . 9 I | 1 8 6 . 6 | 1 8 7 . 3 |

(SEASONALLY ADJUSTED) 1 M2 ! Ml PLUS TIME OTHER

ITHAN LARGE 1 CDS I 2 7 9 . 1 1 2 8 1 . 1 I 2 8 2 . 7 1 2 8 4 . 1

2 6 5 . 2 2 8 7 . 4

1 2 8 9 . 4 1 2 9 1 . 2 1 2 9 3 . 6 1 2 9 6 . 7

2 9 9 . 0 1 3 0 1 . 3

1 3 0 3 . 9 | 3 0 5 . 4 3 0 7 . 0 3 0 9 . 8 3 1 1 . 2 3 1 2 . 1 3 1 2 . 8 3 1 3 . 9 3 1 5 . 7 3 1 6 . 0 3 1 6 . 8 | 3 1 8 . 1 |

3 1 9 . 7 3 2 3 . 0 3 2 5 . 9 3 2 7 . 3 | 3 3 1 . 5 I 3 3 5 . 1 | 3 3 6 . 4 | 3 4 1 . 3 I 3 4 3 . 8 I 3 4 6 . 3 | 3 4 8 . 3 1 3 4 9 . 9 |

1 M3 1 ! M2 PLUS I

DEPOSITS 1 AT NONBANKI THRIFT I N T I

4 3 7 . 5 | 1 4 4 0 . 6 I

4 4 3 . 2 1 4 4 5 . 6 I 4 4 7 . 7 | 4 5 1 . 0 | 4 5 4 . 1 I 4 5 7 . 0 | 4 6 0 . 8 I 4 6 4 . 9 | 4 6 8 . 4 |

1 4 7 1 . 7 I

4 7 5 . 1 1 4 7 7 . 5 I 4 7 9 . 8 I 4 8 2 . 9 | 4 8 4 . 6 | 4 8 6 . 0 | 4 8 6 . 9 | 4 8 8 . 3 1 4 9 0 . 7 I 4 9 1 . o I 4 9 3 . 1 1 4 9 5 . 4 I

4 9 8 . 3 I $ 0 2 . 8 I 5 0 7 . 1 I 5 1 0 . 2 | 5 1 6 . 1 1 5 2 1 . 3 I 5 2 6 . 2 I 5 3 0 . 6 1 5 3 4 . 5 I 5 3 8 . 3 | 5 4 1 . 4 | 5 4 3 . 9 |

M4 M2 PLUS

LARGE NEGOTIABLE

CDS 1 2 9 2 . 9 2 9 5 . 2 2 9 7 . 0 2 9 8 . 7 3 0 0 . 3 3 0 2 . 9 3 0 5 . 0 3 0 7 . 1 3 1 0 . 1 3 1 3 . 4 3 1 5 . 7 3 1 7 . 7

3 2 0 . 5 3 2 2 . 0 3 2 3 . 9 3 2 7 . 3 3 2 9 . 0 3 3 0 . 0 3 3 1 . 0 3 3 1 . 8 3 3 3 . 3 3 3 2 . 5 3 3 2 . 4 3 3 3 . 6

3 3 6 . 9 3 4 1 . 4 3 4 4 . 9 3 4 6 . 4 3 5 0 . 4 | 3 5 4 . 6 3 5 8 * 0 | 3 6 1 . 2 | 3 6 4 . 1 3 6 6 . 5 3 6 8 . 6 3 7 0 . 5 |

M5 L M3 PLUS |

LARGE I NEGOTlAbLEI

CDS I I 1 4 5 1 . 3 I

4 5 4 . 7 | 4 5 7 . 5 | 4 6 0 . 2 1 4 6 2 . 9 | 4 6 6 . 5 | 4 6 9 . 7 | 4 7 2 . 9 | 4 7 7 . 1 | 4 8 1 . 6 f 4 6 5 . 1 | 4 6 8 . 1 |

4 9 1 . 7 | 4 9 4 . 1 | 4 9 6 . 7 | 5 0 0 . 5 | 5 0 2 . 4 I 5 0 3 . 9 | 5 0 5 . 1 | 5 0 6 . 2 1 5 0 8 . 3 | 5 0 8 . 1 I 5 0 8 . 7 I 5 1 0 . 9 |

5 1 5 . 4 1 5 2 1 . 2 1 5 2 6 . 0 | 5 2 9 . 2 | 5 3 5 . 0 1 5 4 0 . 8 1 5 4 5 . 8 I 5 5 0 . 5 1 5 5 4 . 7 1 5 5 8 . 4 1 5 6 1 . 7 I 5 6 4 . 5 1

1 Ml 1 | DEMAND I DEPOSITS | PLUS 1 CURRENCY I 1 6 9 . 0 I 1 6 3 . 9 I 1 6 3 . 4 I 1 6 6 . 1 I 1 6 2 . 2 I 1 6 4 . 2 I 1 6 5 . 4 | 1 6 4 . 7 I 1 6 7 . 6 I 1 7 0 . 2 1 1 7 2 . 0 I 1 7 6 . 5

I 1 7 7 . 7 I 1 7 2 . 4 I 1 7 2 . 5 I 1 7 6 . 4 1 1 7 1 . 6 | 1 7 3 . 9 I 1 7 3 . 3 I 1 7 2 . 1 I 1 7 4 . 9 I 1 7 5 . 7 I 1 7 6 . 9 I 1 8 1 . 0

I 1 6 0 . 7 1 1 7 5 . 7 1 1 7 6 . 8 1 1 7 8 . 9

1 7 6 . 4 1 7 9 . 7

1 1 8 1 . 4 1 8 1 . 2

I 163 ,9 1 1 6 6 . 2 I 1 6 6 . 1

1 9 2 . 9

(NOT SEASONALLY ADJUSTED) 1 M2 1 I Ml PLUS ITIME OTHER ITHAN LARGE 1 CDS I 2 8 3 . 8 I 2 8 0 . 7 1 2 8 1 . 8 1 2 8 5 . 4 1 2 8 2 . 3 I 2 8 5 . 2 1 2 8 7 . 8 1 2 8 8 . 5 1 2 9 2 . 8 I 2 9 7 . 3 1 2 9 9 . 8 I 3 0 5 . 4

1 3 0 6 . 8 1 3 0 4 . 5

3 0 6 . 0 1 3 1 1 . 2 1 3 0 8 . 1 1 3 1 0 . 5 f 3 1 1 . 2 1 3 1 1 . 2 1 3 1 4 . 7 1 3 1 6 . 5 1 3 1 7 . 4 1 3 2 2 . 3

1 3 2 4 . 6 1 3 2 1 . 3 1 3 2 4 . 7

3 2 8 . 9 3 2 8 . 5

1 3 3 3 . 7 3 3 7 . 2

1 3 3 8 . 7 1 3 4 2 . 8 1 3 4 6 . 7

3 4 6 . 9 1 3 5 4 . 3 1

1 M3 | M2 PLUS DEPOSITS

AT NONBANK THRIFT INT

4 4 2 . 8 4 4 0 . 4 4 4 2 . 7 4 4 7 . 2 4 4 4 . 6 4 4 9 . 1 4 5 2 . 7 4 5 3 . 8 4 5 9 . 2 4 6 4 . 9 4 6 8 . 5 4 7 6 . 0

4 8 0 . 6 4 7 6 . 8 4 7 9 . 3 4 8 4 . 7 4 8 1 . 3 4 8 4 . 7 4 8 5 . 5 4 8 5 . 0 4 8 9 . 3 4 9 1 . 6 4 9 3 . 1 4 9 9 . 8

5 0 3 . 6 5 0 1 . 3 5 0 6 . 4 5 1 2 . 0 5 1 2 . 9 5 2 0 . 2 5 2 5 . 3 5 2 7 . 5 5 3 3 . 0 5 3 8 . 3 5 4 1 . 4 5 4 8 . 5

ttfl 1 M2 PLUS

LARGE NEGOTIABLE 1 &$ | I 2 9 7 . 3

2 9 4 . 8 1 2 9 6 . 1

3 0 0 . 1 1 2 9 7 . 6

3 0 0 . 8 3 0 3 . 7

! 3 0 5 . 0 3 0 9 . 1 3 1 3 . 7

1 3 1 6 . 3 1 3 2 1 . 7

1 32 5 . 1 1 3 2 1 . 1 1 3 2 2 . 9 1 3 2 8 . 8 1 3 2 6 . 0 1 3 2 8 . 3 1 3 2 9 . 5 1 3 2 9 . 5 1 3 3 2 . 3 1 3 3 2 . 8 1 3 3 3 . 0 1 3 3 7 . 8

1 3 4 1 * 6 I 3 3 9 * 6 1 3 4 3 . 7 1 3 4 7 . 8

3 4 7 . 3 1 3 5 2 . 8

3 5 6 . 7 1 3 5 9 . 1 I 3 6 3 . 1 1 3 6 6 . 8 1 3 6 9 , 5 1 3 7 5 . 1

1 M5 1 M3 PLUS I

I LARGE 1 1 NEGOTIABLE! i CDS L 1 4 5 6 . 3 I I 4 5 4 . 5 | 1 4 5 7 . 1 I I 4 6 1 . 9 | I 4 5 9 . 9 | i 4 6 4 . 7 | ! 4 6 6 . 6 | 1 4 7 0 . 2 I I 4 7 5 . 5 | 1 4 8 1 . 4 | i 4 6 5 . 1 | 1 4 9 2 . 2 I

I 4 9 7 . 0 | I 4 9 3 . 4 | 1 49t>.2 | 1 5 0 * . 2 I 1 4 9 9 . 2 I 1 5 0 2 . t> | I 5 0 3 . 8 | 1 5 0 3 . 4 | I 5 0 6 . 8 1 I 5 0 8 . 0 | 1 5 0 8 . 7 I 1 5 1 5 . 3 I

I 5 * 0 . 5 I I 5 1 9 . 7 1 I 5 2 5 . 4 | I 5 3 0 . 9 | 1 5 3 1 . 7 1

5 3 9 . 4 | 5 4 4 . 8 |

1 5 4 7 . 9 I 1 5 5 3 . 3 I I 5 5 8 . 4 | 1 5 6 2 . 0 | 1 5 6 9 . 2 1


TABLE I HONEY STOCK MEASURES BILLIONS OF DOLLARS

PAGE

1 9 6 8 J A N . F E B . .MAR APR* NAY JUNE .JULY AUG* SEP* O C T . NOV. DEC.

1 9 6 9 . J A N . F E B . .MAR. APR. . .MAY . .JUNE . . J U L Y . . A U G . . . S E P . O C T . . N O V . . . D E C .

1 9 7 0 . . J A N . . . F E B . MAR. . . A P R . ..MAY . .JUNE .JULY . . A U G . . . S E P . O C T . NOV. D E C .

J Bi | DMA NO | DEPOSITS I PLUS 1 CURRENCY I 1 8 8 . 2 I 169 .2 I 1 8 9 . 9 | 1 9 0 . 9 I 1 9 2 . 9 1 1 9 4 . 5 1 1 9 5 . 5 1 1 9 6 . 6 1 1 9 7 . 9 1 1 9 9 . 0 1 2 0 0 . 8 1 2 0 2 . 2 1

1 2 0 3 . 3 1 2 0 4 . 2 1 2 0 4 . 8 1 2 0 5 . 5 1 2 0 6 . 2 1 2 0 6 . 8 1 2 0 7 . 2 1 1 2 0 7 . 1 1 2 0 7 . 7 1 1 2 0 8 . 1 1 2 0 8 . 7 1 2 0 6 . 8

1 2 1 0 . 4 I 1 2 0 9 . 7 I I 2 1 1 . 0 1 2 1 2 . 5 1 2 1 3 . 3 I I 2 1 3 . 6 | 1 2 1 4 . 2 1 1 2 1 5 . 8 I 1 2 1 7 . 5 | 1 2 1 7 . 8 | 1 2 1 8 . 6 ! 1 2 1 9 . 6 |

(SfcA^nMALLY ADJUSTED 1 \ M 1 Ml PLUS ITIME OTHER THAN LARGE i cps I 3 5 1 . 8 I 3 5 4 . 3 1 3 5 6 . 4 1 3 5 8 . 3 1 3 6 1 . 2

3 6 4 . 0 I 3 6 6 . 0

3 6 9 . 3 I 3 7 2 . 6

3 7 5 . 7 | 3 7 9 . 7

1 3 8 2 . 9 |

1 3 8 4 . 9 I 3 8 6 . 5 1 3 8 7 . 9

3 8 9 . 3 3 9 0 . 3 3 9 1 . 8 3 9 1 . 0 3 9 0 . 0 3 9 0 . 7 I 3 9 1 . 1 1

1 3 9 2 . 1 1 3 9 2 . 3 |

3 9 3 . 0 | 3 9 2 . 0 | 3 9 4 . 5 | 3 9 8 . 0 I 4 0 0 . 1 | 4 0 2 . 4 | 4 0 6 . 0 | 4 1 0 . 4 | 4 1 4 . 5 | 4 1 7 . 1 | 4 2 0 . 0 | 4 2 3 . 5 1

\ $* 1 1 nz PLUS 1 DEPOSITS I AT NONBANK THRIFT INT

1 5 4 6 . 7 5 5 0 . 1 5 5 3 . 3 5 5 6 . 2 5 6 0 . 1

! 5 6 3 . 9 5 6 7 . 0 5 7 1 . 5 5 7 5 . 9 5 8 0 . 2

I 5 8 5 . 4 5 8 9 . 6 |

5 9 2 . 6 5 9 5 . 4 5 9 7 . 8 6 0 0 . 0 6 0 1 . 7 6 0 3 . 8 6 0 3 . 6 6 0 3 . 2 ! 6 0 4 . 6 6 0 5 . 3 6 0 6 . 6 6 0 7 . 3 |

6 0 7 . 9 | 6 0 7 . 0 I 6 1 0 . 1 6 1 4 . 6 6 1 8 . 0 | 6 2 1 . 5 | 6 2 6 . 7 1 6 3 3 . 2 I 6 3 9 . 7 | 6 4 4 . 7 | 6 5 0 . 0 I 6 5 6 . 2 1

1 if4 1 M2 PLUS I LARGE NEGOTIABLE

CP? I 3 7 2 . 4 3 7 5 . 0

1 3 7 7 . 2 3 7 8 . 5 3 8 1 . 2

1 3 8 3 . 8 3 8 6 . 8 3 9 0 . 9 3 9 4 . 7

1 3 9 8 . 4 1 1 4 0 2 . 8

4 0 6 . 4 1

4 0 6 . 6 1 4 0 6 . 8 4 0 7 . 1 4 0 7 . 8 1 4 0 8 . 0 1 4 0 8 . 1 1 4 0 5 . 4 1 4 0 2 . 8 1 4 0 2 . 6 | 4 0 2 . 4 I 4 0 3 . 2 1 4 0 3 . 3 I

4 0 3 . 5 I 4 0 2 . 7 1 4 0 6 . 0 | 4 1 1 . 0 | 4 1 3 . 5 I 4 1 5 . 8 I 4 2 2 . 5 I 4 2 9 . 3 I 4 3 5 . 4 I 4 3 9 . 5 | 4 4 3 . 8 | 4 4 8 . 8 |

1 *s i I M3 PLUS | 1 LARGE | NEGOTIABLE|

i CDS | 1 5 6 7 . 3 |

5 7 0 . 9 | 5 7 4 . 1 | 5 7 6 . 4 | 5 8 0 . 1 |

I 5 8 3 . 7 | 5 8 7 . 8 | 5 9 3 . 0 | 5 9 7 . 9 | 6 0 2 . 9 | 6 0 8 . 5 | 6 1 3 . 1 |

6 1 4 . 3 | 6 1 5 . 7 | 6 1 7 . 0 | 6 1 8 . 6 1 6 1 9 . 4 | 6 2 0 . 2 | 6 1 8 . 0 | 6 1 5 . 9 | 6 1 6 . 4 | 6 1 6 . 6 | 6 1 7 . 7 | 6 1 8 . 2 |

6 1 8 . 4 | 6 1 7 . 6 | 6 2 1 . 5 | 6 2 7 . 6 1 6 3 1 . 4 | 6 3 4 . 9 | 6 4 3 . 2 I 6 5 2 . 1 | 6 6 0 . 5 | | 6 6 7 . 1 | 6 7 3 . 8 | | 6 8 1 . 5 | |

1 Ml 1 DEMAND 1 DEPOSITS 1 PLUS 1 CURRENCY 1 1 1 9 3 . 6 1 1 8 7 . 4 1 1 8 8 . 1 1 1 9 1 . 9 1 1 8 9 . 3 1 1 9 2 . 9 1 1 9 4 . 5 1 1 9 4 . 0 1 1 9 6 . 7

1 9 9 . 0 I 1 2 0 2 . 5 1 2 0 8 . 1

1 2 0 9 . 0 1 2 0 2 . 2 1 2 0 2 . 8

2 0 6 . 6 1 2 0 2 . 4

1 2 0 5 . 3 I 2 0 6 . 3

1 2 0 4 . 4 1 2 0 6 . 3 2 0 8 . 2 1 2 1 0 . 3 I 2 1 4 . 8 I

1 ^ 1 6 . 3 2 0 7 . 4 1 2 0 9 . 0 2 1 3 . 6 I 2 0 9 . 6 I 2 1 2 . 2 1 2 1 3 . 4 | 2 1 3 . 2 I 2 1 6 . 1 I 2 1 7 . 6 | 2 2 0 . 1 | 2 2 5 . 8 |

fNpT SEASONALLY ADJUSTED) 1 M2 1 Ml PLUS ITIME OTHER ITHAN LARGE 1 CDS

3 5 6 . 8 1 3 5 2 . 5 1 3 5 5 . 2 1 3 6 0 . 1 1 3 5 8 . 4 1 3 6 2 . 6

3 6 5 . 2 3 6 6 . 7 3 7 1 . 3 3 7 5 . 8

1 3 8 0 . 3 1 3 8 7 . 5

1 3 9 0 . 1 3 8 4 . 5 3 8 6 . 8 3 9 1 . 4 3 8 7 . 5 3 9 0 . 7 3 9 0 . 3 3 8 7 . 4 3 8 9 . 3 3 9 1 . 0 3 9 2 . 3 3 9 6 . 9 |

3 9 8 . 4 3 8 9 . 8 3 9 3 . 5 4 0 0 . 3 3 9 7 . 7 1 4 0 1 . 5 I 4 0 5 . 4 | 4 0 7 . 7 I 4 1 2 . 8 | 4 1 6 . 6 | 4 1 9 . 7 I 4 2 8 . 1 I

1 M3 1 M2 PLUS 1 DEPOSITS IAT NONBANK [THRIFT INT I ! 5 5 2 . 2

5 4 8 . 4 1 5 5 2 . 6 1 5 5 8 . 4 1 5 5 7 . 3 ! 5 6 3 . 1 1 5 6 6 . 6 I 5 6 8 . 2

5 7 3 . 9 5 7 9 . 8 5 8 5 . 3

1 5 9 4 . 3

5 9 8 . 3 5 9 3 . 3 5 9 7 . 2 6 0 2 . 5

I 5 9 8 . 9 6 0 3 . 5 6 0 3 . 3 5 9 9 . 9 6 0 2 . 5 6 0 4 . 6 6 0 6 . 1 6 1 1 . 9 |

6 1 3 . 6 | 6 0 4 . 5 1 6 0 9 . 7 1 6 1 7 . 8 I 6 1 6 . 0 | 6 2 1 . 7 I 6 2 7 . 2 | 6 3 0 . 4 ! 6 3 7 . 1 | 6 4 3 . 0 | 6 4 7 . 7 I 6 5 9 . 1 |

I tt i 1 M2 PLUS 1 LARGE [NEGOTIABLE: 1 CDS 1 1 3 7 7 . * 1 3 7 3 . 3 1 3 7 6 . 0 1 3 8 0 . 0 1 3 7 8 . 0 I 3 8 1 . 9 1 3 8 5 . 7 1 3 8 8 . 8

3 9 3 . 4 1 3 9 8 . 8 1 4 0 3 . 9 1 4 1 1 . 3

I 4 1 1 . 9 4 0 4 . 9

1 4 0 5 . 9 4 0 9 . 5 4 0 4 . 8 4 0 6 . 6 4 0 4 . 3 4 0 0 . 4 4 0 1 . 2 I 4 0 2 . 5 | 4 0 3 . 7 1 4 0 8 . 0 |

4 0 9 . 0 4 0 0 . 4 4 0 4 . 9 i 4 1 3 . 0 | 4 1 0 . 7 I 4 1 4 . 5 | 4 2 1 . 4 | 4 2 7 . 0 I 4 3 4 . 1 | 4 3 9 . 7 1 4 4 4 . 1 I 4 5 3 . 8 1

I MS 1 I M3 PLUS | 1 LARGE I (NEGOTIABLE I 1 LPS 1 1 5 7 2 . 8 I I 5 6 9 . 2 | I 5 7 3 . 4 | 1 5 7 6 . 4 |

5 7 6 . 9 | 1 5 8 2 . 4 | I 5 8 7 . 0 |

5 9 0 . 3 | 5 9 6 . 1 | 6 0 2 . 7 I 6 0 8 . 9 |

1 6 1 8 . 1 |

I 6 2 0 . 1 | 6 1 3 . 7 | 6 1 6 . 3 | 6 2 0 . / | 6 1 6 . 2 I

1 6 1 9 . 4 | 6 1 7 . 4 6 1 2 . 8 | 6 1 4 . 4 | 6 1 6 . 2 | 6 1 7 . 5 | 6 2 3 . 0 I

6 2 4 . 2 I 6 1 5 . 1 I 6 2 1 . 1 1 6 3 0 . 5 | 6 2 9 . 0 | 6 3 4 . 7 1 6 4 3 . 3 | 6 4 9 . 6 | 6 5 8 . 4 | 6 6 6 . 0 1 6 7 2 . 1 I 6 8 4 . 7 1



PAGE

J Ml 1

1971..JAN. FEB. MAR* APR. MAY JUNE .JULY AUG. ..SEP. .OCT NOV. ..DEC.

1972..JAN. ..FEB. MAR. APR. MAY JUNE ..JULY ..AUG. SEP. ..OCT. NOV. DEC.

1973..JAN. ..FEB. . .MAR . ..APR. ..MAY I JUNE ..JULY ..AUG. SEP. OCT. 1 NOV. 1 ..DEC. 1

1 DEMAND DEPOSITS

1 PLUS LiiEBJfcMLXJ 1 220.6 1 222.5 1 224.1 1 225.8 1 228.3 1 229.8

230.9 1 231.9 1 232.5 1 232.7

233.3 I 233.8 I

1 235.6 I 1 237.5 1 239.7

241.4 242.2

1 243.3 245.3 | 247.2 1

1 249.4 251.0 | 252.5 | 255.3 I

257.5 | 258.0 257.6 1 259.0 I 261.9 I 264.0 | 264.9 I 265.4 | 265.3 1 266.6 1 268.9 | 270.5 I

1 SEASONALLY ADJUSTED) M2

Ml PLUS ITIME OTHER ITHAN LARGE

CDS I 428.2

434.7 f 441.0 1 445.6

450.7 4*4.8

1 457.1 1 459.2 I

461.8 464.5 466.1 471.7 I

476.9 462.0 486.8 490.4

1 493.8 498.0 502.5 ! 507.3 1

1 512.1 I 516.2 1 520.0 | 525.3 1

530.1 I 532.6 1 534.9 I 538.3 I 543.7 I 546.1 | 550.8 I 554.5 | 556.8 1 561.4 | 566.6 1 571.4 |

1 M3 L M2 PLUS 1

1 DEPOSITS I AT NONBANKl 1 THRIFT 1NTI

663.8 | 673.3 | 683.2 |

I 691.7 | I 700.4 | I 707.6 | I 713.6 I

719.2 I 724.0 |

1 729.0 | 735.9 | 742.8 |

752.5 | 762.3 t 770.6 I 777.7 I 784.4 | 792.2 1 600.9 | 610.3 I 819.7 I 828.0 I 835.7 I 644.5 I

853.1 1 858.8 | 863.0 | 668.6 1 876.6 | 683.8 I 886.5 | 693.3 I 897.2 1 904.2 1 912.0 | 919.6 I

M4 M2 PLUS LARGE

NEGOTIABLE CDS 1 454.6 462.4 469.2 473.4 479.0 483.8 487.1 489.6 492.7 497.0 500.8 505.0

510.4 516.3 520.7 524.9 529.6 534. e> 539.9 546.1 551.7 556.7 562.3 | 568.6 |

575.0 | 582.0 | 589.4 1 595.8 603.2 608.4 613.1 620.9 623.5 626.1 630.3 634.4 |

M5 1 E M3 PLUS I 1 LARGE I NEGOTIABLE I

CDS > 690.4 | 701.0 | 711.3 I 719.5 1 728.7 1 736.9 | 743.5 1 749.6 | 754.9 I 761.5 | 768.7 I 776.1

786.0 | 796.6 1 804.5 1 812.3 I 820.2 I 626.8 I 838.3 1 849.1 I 859.3 I 868.6 | 878.0 | 888.0 |

897.9 | 906.0 | 917.5 I 926.1 1 936.1 1 944.2 1 950.6 1 959.8 1 963.9 | 968.8 1 975.7 1 982.5 1

1 Ml J I DEMAND I DEPOSITS 1 PLUS 1 CURRENCY t 226.2 f 220.0 I 221.9 1 227.1 1 224.4 | 1 228.4 1 230.6 1 229.2 1 231.0 I 232.4 | ! 234.6 1 240.4 |

I 240.9 | 1 234.6 I I 237.4 1 242.8 1 238.1 1 241.9 1 245.3 | 1 244.5 | I 247.% | 250.5 1 I 253.9

262.7

1 263.2 254.8 255.2 |

i 260.5 1 257.5 1 1 263.1 I 265.2 I 262.6 1 1 263.5 I 265.6 1 270.4 1 278.3 |

(NOT SEASONALLY ADJUSTED) > M2 | | Ml PLUS TIME OTHER ITHAN LARGE

CDS 433.2 1 432.3 I 440.1 |

448.5 448.4 454.1

1 456.9 1 456.5 1 459.7

463.5 467.1 476.4 |

481.8 479.4 486.1 493.6 491.8 497.7 502.6 1 504.5 509.5 514.7 518.6 530.3

535.2 530.0 534.3 542.2 541.7 548.5 551.2 1 551.5 553.8 559.4 565.0 576.5

M3 1 M2 PLUS DEPOSITS AT NONBANK THRIFT INT

668.0 670.7 683.3 696.3 699.4 709.0 715.0 716.3 722.1 728.9 734.8 747.7

757.6 759.4 771.2 1 783.0 764.0 794.1 803.1 807.5 816.1 825.0 831.7 647.4

856.9 655.3 863.6 874.7 676.2 I 886.7 891.3 890.3 893.0 900.1 907.2 921.8

Hit M2 PLUS

I LARGE NEGOTIABLE

CDS 1 460.0 459.6 468.1 475.6

I 475.8 1 482.4

486.2 1 487.5

491.6 497.0 500.7 510.2

I 515.5 513.1 519.4 527.3 526.7

1 533.5 539.4 544.0 550.5 556.5 561.7

1 574.5

1 580.1 576.1 587.8 598.2 600.1 607.6 612.9 619.3

I 622.6 E 626.0

629.3 I 640.5

I &* 1 M3 PLUS |

! LARGE | NEGOTIABLEI 1 CDS L 1 694.8 | i 696.0 i ! 711.3 | 1 723.4 | 1 726.8 I 1 737.2 1 1 744.3 | 1 747.3 I 1 754.0 | 1 762.4 | i 768.4 | 1 781.5 |

1 791.3 ! 1 793.0 I I 604.5 I I 816.7 | 1 618.9 I 1 6Z9.8 | 1 839.6 I 1 647.1 | 1 857.0 | I 866.8 j 1 874.7 | 1 891.6 |

I 901.8 | I 903.3 | 1 917.0 | 1 930.7 I ! 934.6 | j 946.0 | 1 953.1 1 1 956.2 I 1 962.0 | 1 966.8 | 1 971.5 1 1 985.8 |



PAbfc

1974,.JAN. FEB. MAR APR. ..MAY JUNE ..JULY ..AUG. SEP. OCT. NOV. DEC.

1975..JAN. | FEB. .*MAR. 1 APR. MAY ] JUNE j ..JULY I AUG. 1 SEP. OCT. NOV. I DEC. I

1976..JAN. I ..FEB. | .MAR. 1 APR. | MAY | JUNE | JULY | AUG* I SEP. | OCT. | NOV. | DEC* |

1 Ml 1 DEMAND 1 DEPOSITS 1 PLUS 1 CURRENCY 1 271.5 1 272.9 1 274.1 1 275.4 1 276.2 1 277.6 1 278.8

279.3 279.9 281.2 282.5 283.1

282.1 282.1 284.1 284.8 1 287.6 I 290.8 I 291.8 1 292.9 | 293.7 293.4 295.6 I 294.8 1

295.3 | 296.8 | 298.1 I 301.8 I 303.5 I 303.2 1 305.0 | 306.3 I 306.6 I 310.1 | 310.1 | 312*2 I

jJSASONALLV ADJUSTED 1 1 M2 I Ml PLUS (TIME OTHER ITHAN LARGE 1 CDS I 575.8 1 580.7 1 584.3 1 588.1 I 590.2 I 594.2 1 597.8 1 600.5

602.5 1 607.2 1 610.5 I 612.4

I 614.8 I 618.4 I 623.0

626.6 633.7 642.2 647.4 650.3 652.9 655.8 662.1 1 664.3 1

670.3 I 678.2 1 682.6 I 690.6 | 695.7 1 698.2 I 705.2 | 710.5 | 716.5 I 725.9 | 732.0 | 739.7 1

1 M3 1 1 M2 PLUS I DEPOSITS |AT NONBANK THRIFT INT 1 926.0 1 932.8 1 938.7 1 944.0 1 946.7 I 951.8 1 956.8 I 960.6 I 964.1

970.8 976.6 981.5

987.1 994.7 1004.0 1012.9

1 1025.5 1040.0 I 1051.2 I 1059.8 I 1067.6 1 1075.3 1086.4 I 1092.9 |

1104.1 I 1117.5 I 1126.8 I 1140.1 | 1150.1 | 1156.9 I 1169.2 | 1181.4 | 1194.5 | 1211.2 | 1223.6 | 1236.9 |

1 M4 1 M2 PLUS 1 LARGE NEGOTIABLE

COS 1 1 641.5 1 648.6 1 652.5 1 661.8 1 668.8

675.0 ! 681.0

685.9 688.3 693.4 696.7

I 701.4

I 706.6 710.4 713.1 714.6 719.3 725.8 728.7 1 729.9 I 732.8 737.1 744.1 | 746.5 I

748.7 1 753.5 | 755.9 I 761.8 I 764.3 I 768.4 1 774.1 | 775.5 I 779.5 I 788.2 1 794.3 1 803.0 I

1 M5 1 1 M3 PLUS I 1 LARGE 1 NEGOTIABLE! 1 CDS 1 I 991.7 | 1 1000.7 | 1 1006.8 | ! 1017.6 | 1 1025.3 |

1032.6 | 1040.0 | 1046.0 | 1049.9 |

I 1057.0 | 1 1062.8 |

1070.5 |

1079.0 | 1086.7 | 1094.1 | 1100.9 | 1111.1 | 1123.6 | 1132.5 | 1139.4 | 1147.5 | 1156.6 | 1168.4 | 1175.1 II

1182.5 | 1192.9 )| 1200.2 II 1211.3 || 1218.7 II 1227.1 II 1238.2 1 1246.3 1! 1257.6 || 1273.6 || 1285.8 || 1300.2 ||

1 Ml 1 DEMAND 1 DEPOSITS 1 PLUS 1 CURRENCY 1 276.9 I 269.3 1 271.5 1 277.0 1 271.6 1 277.0 1 279.0 I 276.4 1 278.0 I 280.1 1 28*.2 1 291.3

287.7 278.5 281.4 286.5

1 282.9 I 290.3

292.1 290.0 291.7 292.3 297.4 303.2

301.0 | 292.9 | 295.3 I 303.5 | 298.6 | 302.6 ! 305.3 | 303.3 I 304. t> | 309.0 | 312.1 | 321.1 I

(NOT SEASONALLY ADJUSTED! 1 M2 1 Ml PLUS ITIMfc OTHER ITHAN LARGE 1 CDS I 580.5 1 577.6 1 583.9 1 592.3 I 588.3 1 595.3 I 598.2 1 597.5 1 599.3 I 604.7 I 608.8 I 617.5

1 619.5 615.2 622.7 631.1 631.9

| 643.5 1 647.8 1 647.2

649.5 653.2 660.2 1 669.3 1

675.0 | 674.8 I 682.5 | 695.5 | 694.1 ! 699.7 I 705.7 | 707.3 I 712.8 I 723.0 I 729.7 | 744.7 I

I Ma , 1 M2 PLUS 1 DEPOSITS AT NONBANK [THRIFT INT 1 929.3 1 929.0 1 939.7 1 950.8

946.6 955.8 960.1 957.8 959.7 966.3 971.7

I 983.8

990.3 990.3 1005.0 1020.0 1025.7 1044.5 1055.0 1057.1 1062.8 | 1070.4 | 1080.6 1094.6 1

1106.9 | 1112.8 | 1128.2 I 1148.2 | 1150.8 I 1162.2 1 1173.7 | 1178.6 | 1189.2 | 1205.5 | 1216.5 | 1237.7 |

i aa 1 M2 PLUS 1 LARGE {NEGOTIABLE 1 CDS 1 646.3 I 643.6 1 650.6 I 664.1 1 665.5 1 674.9 1 681.0 ! 684.6

688.1 1 693.5 1 695.9

708.0

711.4 704.4 710.8

1 716.9 716.0 725.8 729.1 728.4 732.2 I 736.9 | 743.0 752.8 1

753.5 | 747.8 1 754.2 1 764.9 | 761.4 | 768.8 | 774.6 | 773.6 I 778.1 I 787.1 | 792.6 I 809.0 I

\ M 5 L I M3 PLUS 1 I LARGE I 1 NEGOTIABLE! 1 CDS L 1 995.1 | I 995.1 | I 1006.3 | 1 1022.6 | 1 1023.8 I

1035.4 | I 1042.9 | I 1044.9 | I 1048.5 |

1055.1 | 1 1058.8 |

1074.3 |

I 1082.2 I I 1079.6 | I 1093.1 | I 1105.8 |

1109.8 | 1126.8 | 1136.3 | 1138.3 | 1145.5 | 1154.1 | 1163.5 | 1178.1 |

1185.4 | 1185.8 | 1199.9 | 1217.5 | 1218.2 | 1231.3 I 1242.6 | 1244.9 | 1254.5 | 1269.7 1 1279.4 | 1302.0 |


PAGE TABLE 2

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY APJUSTEPt PILLIONS OF DOLLARS

DATE

~ 1 9 5 9 . . J A N . . . F E B . M A R . A P R . .MAY . . J U N E . . J U L Y A U G . . . S E P . . . O C T . N O V . . . D E C .

1 9 6 0 . . J A N . . . F B b . M A R . . . A P R . . . M A Y J U N E . . J U L Y A U G . . S E P . O C T . I . . N O V . i . . D E C . 1

1 9 6 1 . . J A N . | . . F E B . | . . M A R . | A P R . | . . M A Y | . . J u N t I . . J U L Y I . . A U G . I . . S E P . | . . O C T . | N O V . I D E C . 1

1 CURRENCY

I 287? 1 2 6 . 7 1 2 6 . 8 1 2 8 . 7 ! 2 9 . 0 1 2 9 . 0 I 2 9 . 0 1 2 9 . 1 I 2 9 . 0 1 2 9 . 0 I 2 8 . 9 I 1 2 8 . 9 1

1 2 8 . 9 | 2 8 . 9 | 2 9 . 0 | 2 9 . 0 I 2 9 . 0 1 2 9 . 0 | 2 9 . 0 1 2 9 . 0 1 2 9 . 0 I 2 9 . 0 | 2 9 . 0 | 2 9 . 0 I

2 o . 9 | 2 8 . 9 | 2 8 . 9 1 2 8 . 9 | 2 8 . 9 | 2 8 . 9 1 2 9 . 0 | 2 9 . 1 I 2 9 . 2 1 2 9 . 4 I 2 9 , 4 | 2 9 . 6 1

DEMAND . I D E P O S I T S

1 1 3 , 5 i 1 1 3 . 8

1 1 * . 3 1 1 4 . 6 1 1 5 . 0 1 1 5 . 1 1 1 6 . 0 1 1 5 . 4 1 1 5 . 2

I 1 1 4 . 9 1 1 4 . 7 1 1 4 . 5

1 1 4 . 3 1 1 4 . 0 | 1 1 3 . 9 1 1 4 . 0 1 1 3 . 6 1 1 3 . 8 1 1 4 . 5 1 1 5 . 0 | 1 1 5 . 3 | 1 1 5 . 2 1 1 1 5 . 2 I 1 1 5 . 2 1

1 1 5 . 5 | 1 1 5 . 9 | 1 1 6 . 3 | 1 1 6 . 7 | 1 1 7 . 1 I 1 1 7 . 4 | 1 1 7 . 5 | 1 1 7 . 7 I 1 1 8 . 1 | 1 1 6 . 4 | 1 1 9 . 0 | 1 1 9 . 1 |

i T I M E AND

CDS I 0 . 0 1 0 . 0 1 0 . 0 1 0 . 0

0 . 0 0 . 0

1 0 . 0 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 0 . 0 0 . 0 | 0 . 0 | 0 . 0 0 . 0 I

0 . 1 I 0 . 3 1 0 . 4 I 0 . 6 1 0 . 8 ! 1 . 0 | 1 * 3 I 1 . 5 | 1 . 8 | 2 . 1 1 2 . 4 | 2 . 8 I

SAVINGS DEPOSITS |

OTHtrR 1 6 6 . 3 1 6 6 . 1

6 6 . 1 6 6 . 5

i 6 6 . 7 6 7 . 0 6 7 . 0 6 7 . 0 6 7 . 2 6 7 . 2 6 7 . 5 6 7 . 4

6 7 . * 6 6 . 9 6 6 . 8 6 7 . 3 6 7 . 5 6 7 . 8 6 8 . 6 6 9 . 6 7 0 . 4 7 1 . 3 7 2 . 3 7 2 . 9

7 3 . 7 7 4 . 6 7 4 . 8 7 5 . 6 7 6 . 5 7 7 . 1 7 7 . 8 7 8 . 4 7 8 . 8 7 9 . 3 7 9 . 9 7 9 . 9

1 TOTAL I 6 6 . 3 I 6 6 . 1 1 6 6 . 1 I 6 6 . 5 I 6 6 . 7 I 6 7 . 0 1 6 7 . 0 1 6 7 . 0 I 6 7 . 2 1 6 7 . 2 I 6 7 . 5 I 6 7 , 4

I 6 7 . 4 I 6 6 . 9 | 6 6 . 8 1 6 7 . 3 1 6 7 . 5 I 6 7 . 8 1 6 8 . 6 I 6 9 . 6 1 7 0 . 4 1 7 1 . 3 | 1 7 2 . 3 1 7 2 . 9

1 7 3 . 8 | 1 7 4 . 9 | I 7 5 . 2 1 1 7 6 . 2 1 7 7 . 3 1 7 8 . 1 1 7 9 . 1 1 7 9 . 9 1 8 0 . 6 1 8 1 . 4 I 1 8 2 . 3 1 1 8 2 . 7 1

L NONBANK 1 1 T H R I F T I

I N S T . 1 i 8 5 . 6 | ! 8 6 . 0 j 1 8 6 . 7 |

8 7 . 5 | 6 8 . 2 |

1 6 8 . 9 | ! 8 9 . 7 |

9 0 . 4 | 9 1 . 1 | 9 1 . 7 I 9 2 . 2 J 9 2 . 9 |

9 3 . 6 | 9 4 . 2 1 9 4 . 9 | 9 5 . 7 1 9 6 . 4 I 9 7 . 1 | 9 7 . 9 | 9 8 . 8 I 9 9 . 7 |

1 0 0 . 6 | 1 0 1 . 4 | 1 0 2 . 3 I

1 0 3 . 2 | 1 0 4 . 1 | 1 0 5 . 0 | 1 0 5 . 8 | 1 0 6 . 8 | 1 0 7 . 8 | 1 0 8 . 7 | 1 0 9 . 6 | 1 1 0 . 5 | 1 1 1 . 4 | 1 1 2 . 4 | 113 .

DATE 1962..JAN.

FEB. MAR. APR. MAY JUNE JULY AUG. ..SEP. ..OCT. NOV. DEC.

1963..JAN. | FEB. MAR. APR. MAY I JUNE JULY 1 AUG. I SEP. ..OCT. NOV. I DEC. 1

1964..JAN. ..FEB. ..MAR. ..APR. ..MAY JUNE 1 ..JULY AUG. ..SEP. ..OCT. ..NOV. DEC. |

TABLE 2 COMPONENTS OF MONEY STOCK

I CURRENCY 1 29.6

29.7 29.8 E 30.0 1 30.0

30.1 1 30.2

30.2 30.3

1 30.3 30.4 30.6

30.6 30.8 31.0 31.2 31.3 1

I 31.5 31.6 31.8 31.9 32.0 32.3 32.5 I

I 32.5 32.7 32.9

1 33.0 l 33.3 | 33.5 1 33.6 ! 33.8 | 33.9 34.0 34.2 1 34.3 I

SEASONALlY ADJUSTED. 1 DEMAND . I DEPOSITS 1 119.3

119.3 1 119.6 1 119.8 1 119.8 1 119.8 1 119.6 1 119.3

119.1 119.6 120.0

1 120.3

1 120.9 1 121.0

121.2 121.6 122.1 I 122.5 123.0 122.9 123.1 123.8 124.7 124.1 |

124.4 124.6 124.9 125.0 | 125.7 126.0 1 127.0 127.6 128.4 128.9 129.4 I 129.5 |

| TIME AND j CDS 1 ! 3.0 I

3.2 1 ! 3.4 I 1 3.6 I 1 3.8 1 1 4.0 |

4.3 | ! 4.5 I 1 4.8 1

5.1 I 1 5.4 | 1 5.7 I

6.0 | 6.2 I 6.5 | 6.8 | 7.1 I 7.4 | 7.7 I 8.1 I 8.4 | 8.8 | 9.2 1 9.6 |

10.5 | 10.8 I 11.0 | 11.2 I 11.7 J 12.0 | 12.1 1 12.1 1 12.4 1 12.9 | 13.1 I 12.8 |

MEASURES AND , BILLIONS OF

RELATED ] _DDLLA&S

SAVINGS PPPp^ITS J OTHER 1 81.2 | 82.7 I 84.1 | 85.3 I 85.8 I 86.7 I 87.5 | 88.0 | 88.9 | 89.9 | 91.0 | 92.0 |

93.2 I 94.0 | 94.9 I 95.9 | 96.7 | 97.4 | 98.0 | 99.1 | 99.9 | 100.8 | 102.0 | 102.3 |

102.9 | 103.8 | 104.3 | 105.0 | 105.8 | 106.9 | 107.6 | 108.6 | 109.8 | 110.7 | 111.9 | 113.4 |

TOTAL 84.2 85.8 87.4 88.9 89.6 90.7 91.7 92.6 93.7 95.0 96.4 97.6

99.2 100.2 101.4 102.7 103.7 104.8 105.8 107.1 108.3 109.7 111.3 112.0 |

113.4 | 114.6 | 115.3 1 116.2 1 117.5 | 118.9 119.7 120.7 1 122.1 I 123.6 I 125.0 1 126.2 |

PAGE 6 ITEMS " NONBANK f

THRIFT | INST. L 114.4 | 115.3 | 116.4 | 117.4 |

I 118.4 | 1 119.4 f I 120.5 |

121.6 | 122.8 |

1 124.0 | 125.2 | 126.4 |

127.7 | 129.1 | 130.5 I 131.8 | 133.1 I 134.3 | 135.5 | 136.7 | 137.8 | 139.1 | 140.3 I 141.4 |

142.7 | 143.9 | 145.1 | 146.4 | 147.8 | 149.1 I 150.6 1 152.0 | 153.5 | 154.8 I 156.1 I 157.3


DATE ~1965..JAN.

FEB* MAR. APR. MAY JUNE JULY AUG. SEP. OCT* NOV. DEC.

1966..JAN. FEB. . . MA R . APR. MAY ..JUNE ..JULY .AUG. ..SEP. ..OCT. NOV. DEC.

1967..JAN. FEB. MAR. APR. ..MAY JUNE ..JULY ..AUG. ..SEP. ..OCT. NOV. DEC.


1 CURRENCY 1 34^4 1 34.6 1 34.7 1 34.8 1 34.9 1 33.0 1 35.2 1 35.4 1 35.7 1 36.0 I 1 36.1 I 1 36.3 I

1 36.6 1 1 36.8 1 1 36.9 | 1 37.1 I 1 37.3 I 1 37.4 I 1 37.6 1 I 37.8 1 1 37.9 I 1 38.0 I 1 38.1 1 1 38.3 1

1 38.5 | 1 38.7 1 1 38.9 I 1 39.0 I 1 39.1 I 1 39.2 1 1 39.4 | 1 39.5 1 1 39.6 | 1 39.9 | 1 40.0 I 1 40.4 |

SEASpNALLV DEMAND 1_ DEPOSITS I

129.7 | 129.9 | 130.3 I 130.5 I 130.7 | 131.4 | 131.8 | 132.0 | 132.9 | 133.8 | 134.3 | 134.9 |

136.0 | 136.6 | 137.2 I 138.3 | 138.1 | 138.3 | 137.4 | 137.2 1 138.0 | 137.3 | 137.2 I 137.3 |

137.1 | 138.6 | 139.7 | 139.0 | 140.7 | 142.1 | 143.4 | 144.4 | 145.2 | 146.0 | 146.5 | 146.9 |

ADJUSTED. TIME AND CDS | 13.9 I 14.1 I 14.4 j 14.7 15.2 15.6 ! 15.6 1 16.0 I 16.3 1 16.8 I 16.7 | 16.4 |

16.6 | 16.6 | 16.9 | 17.6 I 17.8 | 17.9 | 18.2 1 17.9 | 17.6 | 16.5 | 15.6 1 15.5 I

17.1 | 18.4 | 19.0 | 19.0 | 18.9 I 19.5 1 19.5 I 19.9 | 20.3 I 20.1 I 20.3 1 20.6 I

MEASURES AND . BILLIONS OF

RELATED DOLLARS

SAVINGS DEPOSITS OTHER 1 114.9 | 116.7 I 117.8 | 118.8 | 119.6 | 120.9 | 122.3 I 123.8 | 125.2 | 126.9 | 128.6 | 130.0 |

131.2 I 132.1 I 132.9 | 134.3 I 135.8 | 136.5 | 137.8 I 139.0 | 139.8 | 140.7 | 141.4 | 142.4 |

144.2 I 145.7 | 147.3 I 149.4 | 151.6 | 153.8 I 155.7 1 157.4 | 158.8 | 160.4 | 161.8 | 162.6 |

TOTAL 128.8 130.7 132.1 133.5 134.8 136.5 138.0 139.7 141.5 143.7 145.3 146.4

147.8 148.7 149.8 151.9 153.6 154.4 156.0 156.9 157.4 157.2 157.0 157.9

161.3 164.1 166.3 168.4 170.5 173.3 175.2 177.3 179.1 180.5 182.1 183.3

PAGE 9 ITEMS I NONBANK 1 THRIFT 1 INST. 1 158.4 ( 159.5 1 160.5 1 161.5 1 162.5 1 163.6 1 164.7 1 165.8 1 167.0 1 168.2 1 169.4 1 170.4 |

1 171.3 1 172.1 1 172.8 1 173.1 1 173.4 1 173.9 1 174.1 I 1 174.4 1 175.0 1 175.6 1 176.3 1 177.3 I

1 178.5 1 179.8 I 1 181.2 1 182.9 I 1 184.6 1 186.2 1 187.8 1 189.3 1 1 190.7 I 1 192.0 I 1 193.1 1 194.0 |


DATE 1968JAN.

FEB. MAR* APR. MAY I JUNE ..JULY AUG. SEP. ..OCT. NOV. ..DEC.

1969..JAN. FEB. I MAR. I APR. ..MAY ..JUNE JULY 1 ..AUG. I ..SEP. I ..OCT. I NOV. I DEC. 1

1970..JAN. I ..FEB. | ..MAR. 1 ..APR. | ..MAY I JUNE I JULY | AUG. 1 SEP. | ..OCT. I ..NOV. 1 DEC. 1

COMPONENTS OF l>

I CURRENCY 1 40^6 1 40.7

41.1 I 41.4

41.5 41.8

1 42.0 1 42.3

42.6 42.8 43.2 43.4

43.6 43.9 44.1 44.2 44.4 44.7 44.9 45.2 45.3 45.6 45.9 46.1

46.3 46.5 I 46.7 47.0 | 47.5 47.7 I 47.9 48.1 48.3 48.5 48.8 1 49.1 I

10NEY STOCK SEASONALLY ADJUSTED,

I DEMAND 1 DEPOSITS I 147.6 1 148.4 1 148.9 I 149.5 I 151.4 I 152.6 1 I 153.5 I 154.3 1

155.3 156.2

I 157.6 I 158.7 1

I 159.6 I 160.3 1 I 160.7 1 1 161.3 1 I 161.7 1 162.1 1

162.3 1 161.9 1 162.4 | 162.5 I 162.8 1 162.8 1

164.2 i 163.2 1 164.3 1 165.5 |

I 165.8 1 166.0 I

I 166.3 1 167.7 I 169.2 1 169.3 1 169.9 I 170.5 1

TIME ANp i CDS 1 20.7 1 20.8 1 20.8

20.2 20.0 19.9 20.8 21.6

1 22.0 22.7 23.1 23.5 I

21.7 1 20.3 | 19.2 I 18.5 | 17.7 16.3 1 14.4 I 12.7 1 11.8 | 11.3 1 11.1 1 10.9 I

10.5 I 10.6 I 11.4 I 13.0 | 13.4 13.4 I 16.5 I 18.9 I 20.9 1 22.4 I 23.8 I 25.3 I

MEASURES AND . BILLIONS OF

RELATED DOLLARS

SAVINGS DEPOSITS J OTHER i

I 163.6 | 165.1 | 166.5 | 167.4 | 168.3 I 169.5 | 170.5 I

1 172.7 | 174.7 | 176.7 I 178.9 | 180.8 |

181.6 | 162.3 I 183.1 I 163.8 I 184.1 | 185.1 | 163.8 | 162.9 | 183.1 I 162.9 | 183.4 | 183.5 |

182.6 | 182.4 | 183.5 | 185.5 | 186.8 | 188.8 | 191.8 | 194.6 | 197.1 | 199.3 I 201.3 | 204.0 |

TOTAL 184.2 185.9 187.2 167.6 188.4 189.4 191.3 194.3 196.7 199.4 202.0 204.3

203.3 202.6 202.3 202.3 201.9 201.4 198.2 195.6 194.9 194.3 194.5 194.4

193.1 | 193.0 | 194.9 I 196.5 | 200.2 1 202.2 | 206.3 1 213.5 I 217.9 I 221.7 I 225.2 | 229.2 |

ITEMS [ NONBANK f 1 THRIFT | 1 INST. 1 1 194.9 | 1 195.9 | ! 196.9 | 1 197.9 | 1 198.9 | 1 199.9 | 1 201.0 | I 202.2 | I 203.3 1 1 204.5 |

205.7 | 1 206.7 1

207.7 I 208.9 I 209.9 | 210.7 | 211.4 | 212.0 | 212.6 1 213.2 I 213.8 | 214.2 1 214.5 | 214.9 I

214.9 | 214.9 | 215.6 I 216.6 | 217.8 I 219.1 | 220.7 I 222.8 | 225.1 | 227.6 | 230.0 | 232.7 |


DATE ~1971. .JAN*

FEB. MAR. ..APR. ..MAY ..JUNE ..JULY ..AUG. ..SEP. ..OCT. ..NOV. DEC.

1972..JAN. ..FEb. MAR. APR. MAY JUNE ..JULY AUG* SEP. ..OCT. ..NOV. ..DEC.

1973..JAN. ..FEE. .MAR. APR. ..MAY JUNE ..JULY AUG. ..SEP. ..OCT. ..NOV. DEC.


1 CURRENCY I 49T4 1 49.8 1 50.0 1 50.4 1 50.7 1 51.0 1 51.5 I 51.7 1 51.9 1 52.2 1 52.3 1 52.6

1 52.9 1 53.3 1 53.6 1 53.8 1 54.1 I 54.3 1 54.7 1 54.9 I 55.4 1 55.6 1 56.3 I 56.9

1 57.2 1 57.5 1 57.9 1 58.5 1 56.8 1 1 59.3 ! I 59.5 1 5V.b I 60.2 1 1 60.5 I 61.0 ! 1 61.5 |

SEASONALLY ADJUSTED, OEMAND .

1 OEPOSITS 1 171.2 1 172.7 1 174.1 1 175.4 1 177.6

178.8 1 179.4

180.2 i 180.5

180.5 1 180.9 1 181.3

1 182.6 I 184.3

I 186.2 1 187.6

188.2 188.9 190.6

1 192.3 | 194.0

195.2 196.1 | 198.4 |

200.4 | 200. H 199.7 1 200.5 | 203.0 1 204.7 I 205.4 i 205.6 | 205.0 | 206.0 | 207.9 | 209.0 |

1 TIME AND I fi 1

26.6 I 1 27.7 I 1 28.2 1

27.8 | ! 28.3 1

29.1 30.0 I 30.4 | 31.0 I 32.5 | 32.8 |

1 33.3 |

33.5 | 34.3 | 33.9 | 34.5 | 35.6 I 36.6 I 37.* | 38.8 I 39.6 | 40.6 | 42.4 I 43.5 1

44.8 1 49.2 1 54.6 1 57.4 | 59.5 1 60.4 1 62.3 I 66.5 1 66.7 1 64.7 1 63.7 1 63.0 1


RELATED ] DOLLARS

SAVINGS DEPOSITS I OTHER 1 207.6 I 212.3 I 216.9 I 219.8 | 222.4 | 225.0 | 226.2 I 227.4 | 229.3 1 231.6 | 234.6 | 237.8 1

241.4 | 244.5 I 247.0 | 24V.0 1 251.6 I 254.7 | 257.2 I 260.1 | 262.7 | 265.2 1 267.5 | 270.0 |

272.0 I 274.9 | 277.2 I 279.4 | 281.9 | 284.1 | 285.9 | 289.0 | 291.5 | 294.8 | 297.7 | 300.9 |

TOTAL 23*. 2 239.9 245.1 247.6 250.7 254.0 256.2 257.8 260.3 264.3 267.6 271,1

274.9 278.8 1 281.0 283.6 287.4 291.3 294.6 298.8 302.3 305.8 309.8 313.5

317.4 324.1 331.6 I 336.8 341.3 344.5 348.2 355.5 356.2 359.5 361.4 363.9

PAGE 11 ITEMS

NONBANK 1 THRIFT

INST. ! 235.6 i 238.5 1 242.1 I 246.0

249.7 1 253.0

256.5 I 260.0 1 262.2

264.5 1 267.8

271.1

275.6 | 280.3 283.9 ]

1 287.3 290.7

I 294.2 298.4 303.0 307.6

I 311.9 315.7 319.3

322.9 | 326.0 328.1 330.3 332.9 335.7 337.7 338.8 340.5 342.7 I 345.4 ! 348.1


DATE

1 9 7 4 . . J A N . . . F E B . .MAR. . A P R . MAY . .JUNE . .JULY AUG. . . S E P . . . O C T . NOV. . . D E C .

1 9 7 5 . . J A N . | . . F E B . 1 MAR. APR* MAY j JUNE JULY AUG. S E P . . . O C T . . . N O V . D E C .

1 9 7 6 . . J A N . F E B . ..MA R. APR* I . .MAY | JUNE . . JULY AUG. S E P . ! OCT. I NOV. I DEC* I


1 1 CURRENCY

1 62^0 1 6 2 . 7 1 1 6 3 . 2

6 3 . 8 6 4 . 3

1 6 4 * 6 6 4 . 8

1 6 5 . 5 6 6 * 0 I 6 6 . 6 | 6 7 . 4 | 6 7 . 8 |

1 6 8 . 2 | 6 8 . 7 I 6 9 . 4 I 6 9 * 4 1 7 0 . 2 | 7 0 . 9 I 7 1 . 3 I 7 1 . 9 I 7 2 . 1 I 7 2 . 6 j 7 3 . 4 | 7 3 . 7 |

1 7 4 . 3 | 7 5 . 0 I 7 5 . 7 7 6 . 6 | 7 7 . 3 I 7 7 . 5 | 7 8 . 1 I 7 8 . 6 I 7 9 . 2 I 7 9 . 9 | 8 0 . 3 I 8 0 . 7 I

SEASONALLY OEMAND L

1 DEPOSITS 1

2 0 9 . 5 1 2 1 0 . 2 1 2 1 0 . 9 I

I 2 1 1 . 6 1 2 1 1 . 9 | 2 1 3 . 0 I 2 1 3 . 9 | 2 1 3 . 8 I 2 1 3 . 9 | 2 1 4 . 6 | 2 1 5 . 1 I 2 1 5 . 3 1

2 1 3 . 9 I 2 1 3 . 4 I 2 1 4 . 7 1 2 1 5 . 4 I 2 1 7 . 4 | 2 1 9 . 9 I 2 2 0 . 5 | 2 2 1 . 0 I 2 2 1 . 6 I 2 2 0 . 8 1 2 2 2 . 1 1 2 2 1 . 0 1

2 2 1 . 1 1 2 2 1 . 8 1 2 2 2 . 4 | 2 2 5 . 2 1 2 2 6 . 2 1 2 2 5 . 6 | 2 2 6 . 8 I 2 2 7 . 7 | 2 2 7 . 4 | 2 3 0 . 3 | 2 2 9 . 8 | 2 3 1 . 6 |

ADJUSTED, TIME ANU

CDS 1 6 5 . 7 | 6 7 . 9 | 6 8 . 2 | 7 3 . 6 | 7 8 . 6 I 8 0 . 8 I 8 3 . 2 | 8 5 . 4 | 8 5 . 7 I 8 6 . 2 | 8 6 . 2 I 8 9 . 0 |

9 1 . 8 I 9 2 . 1 | 9 0 . 0 | 8 8 . 0 I 8 5 . 6 | 8 3 . 6 I 8 1 . 4 | 7 9 . 5 I 7 9 . 9 | 8 1 . 3 | 8 2 . 0 I 8 2 . 1 |

7 6 . 4 | 7 5 . 4 | 7 3 . 4 | 7 1 . 2 1 6 8 . 6 I 7 0 . 2 1 6 8 . 9 | 6 5 . 0 | 6 3 . 1 I 6 2 . 3 I 6 2 . 2 I 6 3 . 3 I


RELATED DOLLARS

SAVINGS DEPOSITS

OTHER 1 3 0 4 . 3 | 3 0 7 . 9 | 3 1 0 . 2 I 3 1 2 . 7 I 3 1 4 . 0 | 3 1 6 . 7 I 3 1 9 . 1 | 3 2 1 . 2 I 3 2 2 . 7 I 3 2 6 . 0 I 3 2 8 . 0 | 3 2 9 . 3 I

3 3 2 . 6 | 3 3 6 . 2 | 3 3 9 . 0 | 3 4 1 . 8 | 3 4 6 . 1 | 3 5 1 . 4 | 3 5 5 . 5 | 3 5 7 . 4 | 3 5 9 . 2 | 3 6 2 . 4 | 3 6 6 . 5 | 3 6 9 . 6 |

3 7 4 . 9 | 3 8 1 . 3 | 3 8 4 . 4 | 3 8 8 . 9 | 3 9 2 . 1 | 3 9 5 . 1 | 4 0 0 . 2 | 4 0 4 . 1 | 4 0 9 . 9 | 4 1 5 . 8 | 4 2 1 . 9 | 4 2 7 . 4 |

TOTAL 3 7 0 . 0 3 7 5 . 8 3 7 8 . 4 3 8 6 . 4 3 9 2 . 6 3 9 7 . 5 4 0 2 . 3 4 0 6 . 6 408 4 4 1 2 . 2 4 1 4 . 2 4 1 8 . 3

4 2 4 . 5 4 2 8 . 3 4 2 9 . 0 4 2 9 . 8 4 3 1 . 7 4 3 5 . 0 4 3 6 . 9 4 3 6 . 9 4 3 9 . 1 4 4 3 . 7 4 4 8 . 6 4 5 1 . 7

4 5 3 . 3 45t>.7 4 5 7 . 8 4 6 0 . 0 4 6 0 . 7 4 6 5 . 3 4 6 9 . 1 4 6 9 . 1 4 7 2 . 9 4 7 8 . 1 4 8 4 . 2 4 9 0 . 7

PAGE 12

ITEMS

I NONBANK f I THRIFT 1 J INST . 1 1 3 5 0 . 2 I 1 3 5 2 . 1 1 1 3 5 4 . 3 | I 3 5 5 . 9 | 1 3 5 6 . 5 | 1 3 5 7 . 6 1 | 3 5 9 . 0 I I 3 6 0 . 1 I 1 3 6 1 . 6 | 1 3 6 3 . 6 1 I 3 6 6 . 2 I 1 3 6 9 . 1 |

1 3 7 2 . 4 | 1 3 7 6 . 3 I 1 3 8 1 . 0 | 1 3 6 6 . 3 I 1 3 9 1 . 8 I 1 3 9 7 . 8 | 1 4 0 3 . 8 I 1 4 0 9 . 5 I I 4 1 4 . 6 | 1 4 1 9 . 5 | I 4 2 4 . 3 | i 4 2 8 . 6 |

1 4 3 3 . 8 | | 4 3 9 . 4 | I 4 4 4 . 3 | I 4 4 9 . 5 | | 4 5 4 . 4 | 1 4 5 8 . 6 | I 4 6 4 . 0 j 1 4 7 0 . 9 | 1 4 7 8 . 0 | I 4 8 5 . 3 | 1 4 9 1 . 6 I 1 4 9 7 . 3 I


DATE

~ 1 9 5 9 . . J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . J U N E . . J U L Y A U G . S E P . . . O C T . N O V . D E C .

I 9 6 0 . . J A N . . . F E B . M A R . A P R * MAY J U N E J U L Y A U G . S E P . . . O C T . N O V . D E C .

1 9 6 1 . . J A N . . . F E B . . . M A R . . . A P R . . . M A Y J U N E . . J U L Y A U G . S E P . . O C T . . . N O V . ' D E C

1 CURRENCY |

1 2 8 . 6 | 1 2 6 . 4 | 1 2 6 . 3 j 1 2 6 . 5 | 1 2 8 . 7 I 1 2 8 . 9 | 1 2 9 . 1 | 1 2 9 . 1 | 1 2 9 . 1 | 1 2 9 . 0 | 1 2 9 . 2 1 1 2 9 . 5 |

1 2 8 . 9 | 1 2 8 . 6 I 1 2 8 . 7 | 1 2 6 . 8 | 1 2 6 . 8 | i 2 8 . 9 | 1 2 9 . 1 | 1 2 9 . 1 | 1 2 9 . 1 | 1 2 9 . 1 | 1 2 9 . 3 | 1 2 9 . 6 |

I 2 6 . 8 | 1 2 8 . 6 i 1 2 8 . 6 | 1 2 8 . 7 | 1 2 8 . 7 | 1 2 8 . 9 | 1 2 9 . 2 | 1 2 9 . 2 | 1 2 9 . 3 | 1 2 9 . 4 | 1 2 9 . 7 | 1 3 0 . 2 I

COMPONENTS OF MONEY NOT SEASONALLY

TABLE 3 STOCK MEASURES AND RELATED I T E M S A D J U S T E D . B I L L I O N S OF

DEMAND D E P O S I T S L

TOTAL 1 1 6 . 9 1 1 4 . 2 1 1 3 . 4 1 1 4 . 5 1 1 3 . 2 1 1 3 . 8 1 1 4 . 3 1 1 3 . 9 1 1 4 . 5 1 1 4 . 9 1 1 5 . 8 1 1 7 . 6

1 1 7 . 7 1 1 1 4 . 3 I 1 1 3 . 0 I 1 1 4 . 1 1 1 1 . 9 | 1 1 2 . 2 1 1 1 2 . 9 I 1 1 3 . 5 I 1 1 4 . 6 1 1 1 5 . 4 | 1 1 6 . 3 1 1 1 8 . 4 |

1 1 8 . 9 | 1 1 6 . 3 I 1 1 5 . 4 | 1 1 7 . 0 | 1 1 5 . 4 I 1 1 5 . 8 I 1 1 5 . 8 I 1 1 5 . 7 1 1 1 7 . 3 I 1 1 8 . 6 1 1 2 0 . 1 I 1 2 2 . 7 I

MEMBER 1 9 6 . 9 1 9 4 . 7

9 4 . 1 9 4 . 9 | 9 3 . 8 1 9 4 . 2 9 4 . 5 | 9 4 . 0 ! 9 4 . 0 | 9 4 . 1 | 9 4 . 7 1 9 6 . 3 I

9 6 . 4 | 9 3 . 7 1 9 2 . 8 I 9 3 . 6 | 9 1 . 9 | 9 2 . 1 I 9 2 . 7 I 9 3 . 2 1 9 4 . 0 | 9 4 . 4 | 9 5 . 0 | 9 6 . 7 |

9 7 . 2 | 9 5 . 1 | 9 4 . 6 | 9 6 . 0 | 9 4 . 7 I 9 5 . 1 | 9 5 . 0 | 9 4 . 8 | 9 5 . 9 I 9 6 . 9 | 9 7 . 9 |

1 0 0 . 2 I

DOMESTIC 1 [NQN-MEMBERI

1 9 . 3 1 1 6 . 8 | 1 8 . 5 | 1 8 . 6 | 1 8 . 6 | 1 8 . 6 | 1 8 . 9 | 1 9 . 0 | 1 9 . * 1 1 9 . 6 | 1 9 . V | 2 0 . 1 |

2 0 . 1 | 1 9 . 5 | 1 9 . 1 | 1 9 . 2 | 1 8 . 9 | 1 8 . 9 | 1 9 . 1 | 1 9 . 2 | 1 9 . 5 I 1 9 . 8 | 2 0 . 2 1 2 0 . 4 |

2 0 . 6 | 2 0 . 0 | 1 9 . 6 | 1 9 . 6 | 1 9 . 5 | 1 9 . 5 | 1 9 . o | 1 9 . 7 | 2 0 . 1 | 2 0 . 5 | 2 1 . 0 | 2 1 . 4 |

T I M E L

0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0

0 . 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 . 3 0 . 4 0 . 6 0 . 8 1 . 0 1 . 3 1 . 5 | 1 . 8 | 2 . 1 I 2 . 4 | 2 . 8 I

J2&LLA&S . SAVINGS DEPOSITS 1 1 1 OTHER > I 6 5 . 6 | I 6 5 . 8 | I 6 6 2 9 I 6 6 . 7 I 1 6 7 . 1 1 1 6 7 . 4 | I 6 7 . 6 | 1 6 7 . 4 | 1 6 7 . 5 | 1 6 7 . 4 | I 6 6 . 8 j 1 6 6 . 6 |

1 6 6 . 8 I 1 6 6 . 6 I I 6 7 . 0 | 1 6 7 . 5 | 1 6 7 . 8 | 1 6 8 . 3 | 1 6 9 . 1 | 1 6 9 . 9 | 1 7 0 . 7 1 1 7 1 . 4 |

7 1 . 5 | 1 7 2 . 0 |

7 3 . 1 I 7 4 . 4 | 7 5 . 0 | 7 5 . 8 | 7 6 . 9 | 7 7 . 5 | 7 8 . 3 | 7 8 . 7 | 7 9 . 1 | 7 9 . 4 | 7 9 . 1 | 7 9 . 0 |

TOTAL 6 5 . 6 6 5 . 8 6 6 . 2 6 6 . 7 6 7 . 1 6 7 . 4 6 7 . 6 6 7 . 4 6 7 . 5 6 7 . 4 6 6 . 8 6 6 . 6

6 6 . 8 6 6 . 6 6 7 . 0 6 7 . 5 6 7 . 8 6 8 . 3 6 9 . 1 6 9 . 9 7 0 . 7 7 1 . 4 7 1 . 5 7 2 . 0

7 3 . 2 7 4 . 6 7 5 . 5 7 6 . 5 7 7 . 7 7 8 . 6 7 9 . 5 8 0 . 2 8 0 . 9 8 1 . 5 ! 8 1 . 5 ! 8 1 . 8 |

PAGE

I NGNBANK 1 T H R I F T 1 I N S T . 1 8 5 . 9 1 8 6 . 2 1 8 6 . 9 1 8 7 . 5 1 8 8 . 1 I 8 9 . 2 I 8 9 . 9 I 9 0 . 3 I 9 0 . 9 1 9 1 . 3 I 9 1 . 8 1 9 2 . 9

1 9 4 . 0 I 9 4 . 4 1 9 5 . 1 1 9 5 . 7 1 9 6 . 2 I 9 7 . 4 1 9 8 . 2 1 9 8 . 6 ! 9 9 . 3 1 1 0 0 . 2 1 1 0 1 . 0 I 1 0 2 . 3

I 1 0 3 . 6 I 1 0 4 . 4

1 0 5 . 2 1 1 0 6 . 0

1 0 6 . 7 1 0 8 . 0 1 0 8 . 9 1 0 9 . 3 1 1 0 . 1 1 1 1 . 0 1 1 2 . 0 1 1 3 . 5

1 3

1 U . S . G O V I I _L tlkttANJi L

1 3 . 2 1 1 4 . 3 I 1 3 . 7 | 1 < t . 6 I 1 5 . 2 I i 4 . 0 | 1

DATE

~ 1 9 6 2 . . J A N ? . . F E B . M A R . . . A P R . . . H A Y J U N E . . J U L Y A U G . . . S E P . . . O C T . N O V . . . D E C .

1 9 6 3 . . J A N . . . F E B . . . M A R . . . A P R . . . M A Y . . J U N E . . J U L Y . . A U G . . . S E P . . . O C T . N O V . . . D E C .

1 9 6 4 . . J A N . . . F E B . . . M A R . A P R . . . M A Y J U N E . . J U L Y A U G . S E P * O C T . N O V . D E C .

I CURRENCY

" | 2975 I 2 9 . 4 1 2 9 . 5 1 2 9 . 7 1 2 9 . 7 I 3 0 . 0 ! 3 0 . 3 1 3 0 . 3 1 3 0 . 3 1 3 0 . 4 1 3 0 . 6 1 3 1 . 2

I 3 0 . 5 I 3 0 . 5 1 3 0 . 7 I 3 0 . 9 1 3 1 . 0 1 3 1 . 4 1 3 1 . 6 1 3 1 . 9 1 3 2 . 0 1 3 2 . 1 I 1 3 2 . 6 1 3 3 . 1

1 3 2 . 4 1 3 2 . 3 1 3 2 . 6 1 3 2 . 6 1 3 3 . 1 1 3 3 . 4 1 3 3 . 7 I I 3 3 . 9 1 3 3 . 9 1 3 4 . 1 1 1 3 4 . 6 | 1 3 5 . 0 |


TABLfc 3 STOCK MEASURES AND RELATED I T E M S A D J U S T E D . B I L L I O N S OF

1 DEMAND D E P O S I T S J 1 1 1 TOTAL \ 1 1 2 3 . 0 | 1 1 1 9 . 7 1 I 1 1 8 . 7 I I 1 2 0 . 5 I 1 1 1 7 . 9 I

1 1 8 . 0 I 1 1 7 . 9 | 1 1 7 . 1 1 1 1 8 . 2 1

1 1 1 9 . 7 I 1 2 1 . 1 1

1 1 2 3 . 9 I

1 2 4 . 9 | 1 2 1 . 3 I 1 2 0 . 2 1 1 2 2 . 3 I 1 2 0 . 0 | 1 2 0 . 4 I 1 2 1 . 3 I 1 2 0 . 7 1 1 2 2 . 2 1 1 2 3 . 9 I 1 2 5 . 8 | 1 2 7 . 8 I

1 2 8 . 9 1 1 2 4 . 9 | 1 2 3 . 8 1 1 2 5 . 9 I 1 2 2 . 9 | 1 2 3 . 9 | 1 2 5 . 2 1 1 2 5 . 1 | 1 2 7 . 4 | 1 2 9 . 2 1 1 3 0 . 6 1 1 3 3 . 6 |

J l i M B E R 1 0 0 . 1

9 7 . 3 9 6 . 4 9 7 . 9 9 5 . 7 9 5 . 9 9 5 . 7 9 5 . 1 9 5 . 8 9 6 . 9 9 7 . 9

1 0 0 . 4

1 0 1 . 0 9 8 . 1 9 7 . 3 9 9 . 0 9 7 . 0 9 7 . 4 9 8 . 0 9 7 . 5 9 8 . 6 9 9 . 8 |

1 0 1 . 2 1 0 2 . 9

1 0 3 . 8 1 0 0 . 5

9 9 . 7 1 0 1 . 4

9 8 . 9 9 9 . 8

1 0 0 . 7 1 0 0 . 4 1 0 2 . 1 | 1 0 3 . 4 1 0 4 . 3 1 0 6 . 8

1 DOMESTIC NON-MEMBER 1

1 2 1 . 7 1 2 1 . 3 1 2 1 . 1

2 1 . 5 1 2 1 . 0

2 0 . 8 2 1 . 0 2 0 . 9 2 1 . 3

1 2 1 . 7 2 2 . 2 2 2 . 4

2 2 . 8 2 2 . 2 | 2 1 . 9 | 2 2 . 3 2 2 . 0 | 2 2 . 0 | 2 2 . 3 I 2 2 . 2 | 2 2 . 6 I 2 3 . 1 I 2 3 . 6 2 3 . 9 j

2 4 . 1 I 2 3 . 3 | 2 3 . 1 1 2 3 . 5 2 3 . 0 I 2 3 . 1 1 2 3 . 5 | 2 3 . 6 | 2 4 . 2 | ^ 4 . 8 2 5 . 2 | 2 5 . 7 |

I T I M E L

1 COS 1 2 . 9 1 3 . 2

3 . 3 3 . 6 3 . 8 * . 0 4 . 3 4 . 7 * . &

| 5 . 0 5 . 4 5 . 7

5 . 8 6 . 2 6 . 5 6 . 6 7 . 2 7 . H 7 . 8 8 . 3 8 . 4 6 . 6 9 . 1 9 . 6

1 0 . 2 1 0 . 8 1 0 . 9 1 1 . 3 1 1 . 9 1 2 . 1 1 2 . 3 1 2 . 5 1 2 . 3 1 2 . 6 1 3 . 0 1 2 . 9

DOLLARS 2LAYlttS.JUQ&IT S 1 1 J OTHER 1 1 8 0 . 7 1 1 8 2 . 5 I 1 8 4 . 4 | 1 8 5 . 6 | 1 8 6 . 2 I 1 8 7 . 1 I 1 6 7 . 8 | 1 8 8 . 3 | 1 8 9 . 0 | 1 9 0 . 0 | t 9 0 . 1 | 1 9 1 . 0 I

1 9 2 . 8 I 1 9 3 . 9 | 1 9 5 . 4 | 1 9 6 . 3 | 1 9 7 . 1 I 1 9 7 . 6 I 1 9 8 . 4 | 1 9 9 . 2 | I 1 0 0 . 0 | 1 1 0 0 . 9 | 1 1 0 1 . 1 | 1 1 0 1 . 3 I

1 1 0 2 . 9 | 1 1 0 3 . 6 | 1 1 0 4 . 8 | 1 1 0 5 . 4 | I 1 0 6 . 1 | 1 1 0 7 . 0 | 1 1 0 7 . 8 | 1 1 0 8 . 6 | 1 1 0 9 . 7 | 1 1 1 0 . 8 | 1 1 1 1 . 2 | 1 1 1 2 . 3 I

TOTAL 8 3 . 6 8 5 . 6 8 7 . 7 6 9 . 2 9 0 . 0 9 1 . 1 9 2 . 2 9 2 . 9 9 3 . 8 9 5 . 0 9 5 . 5 9 6 . 7

9 6 . 6 | 1 0 0 . 1 | 1 0 1 . 9 1 0 3 . 1 1 0 4 . 3 1 0 5 . 2 1 0 6 . 2 1 0 7 . 5 1 0 8 . 3 | 1 0 9 . 5 1 1 0 . 2 1 1 1 . 0

1 1 3 . 0 1 1 4 . 5 1 1 5 . 7 1 1 6 . 7 1 1 8 . 0 1 1 9 . 1 1 2 0 . 0 1 2 1 . 1 1 2 2 . 0 | 1 2 3 . 4 1 2 4 . 1 1 2 5 . 2 I

PAGE ]

HNONBANK 1 T H R I F T ! I N S T . 1 1 1 4 . 9 1 1 1 5 . 6 1 l l o . 7

1 1 7 . 6 1 1 8 . 2 1 1 9 . 7 1 2 0 . 7 1 2 1 . 3 1 2 2 . 4 1 2 3 . 6 1 2 4 . 7 1 2 6 . 5

1 2 8 . 2 | 1 2 9 . 4 1 3 0 . 8 1 3 2 . 0 1 3 2 . 9 1 3 4 . 6 1 3 5 . 7 | 1 3 6 . 2 ' | 1 3 7 . 4 1 3 8 . 6 1 3 9 . 8 1 4 1 . 6 j

1 4 3 . 2 1 4 4 . 2 1 4 5 . 6 1 4 b * 6 1 4 7 . 6 1 4 9 . 4 1 5 0 . 8 1 5 1 . 5 | 1 5 2 . 9 1 5 4 . 3 1 5 5 . 5 | 1 5 7 . 4

L4

U . S . GOVTI I uzjuktoLi t

3 . 6 | 4 . 7 I

1 5 . 0 | 3 . 8 | 7 . 0 | 7 . 2 1 7 . 0 | 6 . 6 |

1 7.2 I 1 7 . 3 | 1 6 . 1 |

5 . 6 |

4 . 6 | 5 . 7 | 6 . 0 | 4 . 2 1 7 . 1 |

1 7 . 5 | 7 . 6 | 6 . 3 | 6 . 6 | 5 . 3 I 4 . 3 | 5 . 1 I

4 . 1 | 4 . 8 | 6 . 0 |

1 4 . 2 1 6 . 6 j 7 . 6 | 6 . 9 | 6 . 3 I 6 . 5 | 5 . 5 | 5 . 6 | 5 . 5 |


DATE ~1965..JAN7

..FEB.

..MAR. APR. MAY JUNE JULY AUG. ..SEP. OCT. NOV. ..DEC.

1966JAN. FEB. MAR* APR. MAY JUNE ..JULY AUG. ..SEP. ..OCT. ..NOV. ..DbC.

1967..JAN. ..FEB. MAR* APR. ..MAY JUNE JULY ..AUG. ..SEP. ..OCT. ..NOV. DEC.

I CURRENCY | 1 34.4 | 1 34.2 I 1 34.4 | 1 34.5 | 1 34.6 I 1 34.9 | 1 35.4 | 1 35.5 | 1 35.7 | 1 36.0 | 1 36.5 | 1 37.1 I

1 36.5 1 1 36.4 | 1 36.5 I 1 36.8 | 1 37,0 | I 37.3 I 1 37.8 | 1 37.8 | 1 37.9 I 1 38.1 | 1 3b.5 | 1 39.1 |

1 38.5 | 1 38.3 | 1 36.5 | I 38.6 I 1 3b.8 I 1 39.2 1 1 39.6 I 1 39.6 I 1 39.7 1 1 fO.O | 1 40.5 | 1 41.2 I

COMPONENTS OF MONEY NQT SEASONALLY

TABLE 3 STOCK MEASURES AND RELATED ITEMS ADJUSTED. BILLIONS OF DOiLARS

DEMAND DEPOSITS | TOTAL 134.7 129.7 129.1 131.7 127.5 129.2 I 130.0 129.2 1 132.0 134.2 135.5 139.4 |

141.2 1 136.0 I 135.9 | 139.6 I 134.8 I 136.6 1 135.5 | 134.3 1 137.0 | 137.6 I 138.3 I 141.9 I

142.3 1 137.4 I 138.3 1 140.2 1 137.5 | 140.6 I 141.8 I 141.6 | 144.2 1 146.3 1 147.7 | 151.7 1

MEMBER 107.5 103.6 103.2 105.2 101.8 103.2 103.7 102.9 105.0 106.6 107.3 110.6

111.9 1 107.8 I 107.9 110.9 I 106.9 I 108.4 | 107.0 | 106.1 1 108.3 1 108.7 1 109.0 1 112.2 I

112.3 1 108.6 | 109.7 1 111.2 1 109.0 | 111.6 I 112.3 1 112.1 I 113.9 | 115.5 | 116.4 I 119.7 I

I DOMESTIC | 1 NON-MEMBER 1 1 26.0 | 1 25.1 I I 24.9 |

25.3 I 24.6 1 24.9 | 25.2 I 25.2 I 25.9 | 26.5 | 27.1 | 27.7 I

28.2 I 27*1 I 26.9 | 27.5 | 26.8 | 27.0 | 27.3 | 27.0 | 27.5 | 27.7 I 26*2 | 28*6 |

28*8 i 27.8 | 27.6 | 28.0 | 27.5 | 27.9 | 28.4 | 28.4 | 29.2 | 29.6 | 30.1 | 30.8 |

TIME L _ 13.5 14.1 14.3 14.7 15.3 15.6 15.8 16.4 16.3 16.5 16.6 16.3

16.3 16.6 16.9 17.5 17.9 17.8 lb.3 18.4 17.6 16.3 15.6 15.5

16.9 18.4 19.0 16.9 lh.8 19.2 19.4 20.4 20.3 20.1 20.7 20.7

SAVINGS DEPOSITS 1 1 i OTHER L 1 114.8 I 1 116.8 I 1 118.3 | 1 119.2 1 1 120.1 | I 121.1 | 1 122.4 | 1 123.8 | I 125.1 | 1 127.0 | 1 127.8 I 1 129.0 |

I 131.1 I t 132.1 I 1 133.5 | I 134.9 | 1 136.3 | I 136.6 | 1 137.9 | 1 139.0 | 1 139.6 | 1 140.8 | I 140.5 | \ 141.4 |

I 143.9 | 1 145.7 | 1 147.9 | I 150.0 | 1 152.2 | 1 153.9 | 1 155.8 | I 157.5 | I 158.9 | I 160.5 | I 160.7 | I 161.4 |

TOTAL 128.3 130.8 132.7 134.0 135.4 136.6 138.3 140.2 141.4 143.5 144.3 145.2

147.4 148.7 150.4 152.4 154.2 154. H 156.2 157.4 157.4 157.1 156.1 156.9

160.8 164.1 166.9 168.9 170.9 173.1 175.3 177.9 179.1 180.5 181.4 182.1

PAGE

I NONBANK I THRIFT 1 INST. 1 159.0 1 159.7 1 161.0 1 161.8 1 162.3 I 163.9 1 164.9 1 165.2 1 166.4 I 167.7 1 168.7 1 170.5

1 171.8 1 172.3 1 173.3 1 173.4 1 173.2 I 174.2 1 174.3 1 173.8 1 174.5 1 175.2 I 175.7 I 177.5

1 179.0 1 179.9 i 181.6

183.2 184.4

! 186.6 188.1

I 188.8 190.2 191.6 192.5 194.2

15

I U.S. GOVTI J DEMAND 1 1 4.2 | 1 5.7 | 1 6.6 | 1 5.5 | 1 9.7 | 1 9.1 | 1 9.0 | 1 7.3 I 1 5.5 | 1 5.0 | 1 *.l 1 1 4.6 |

1 3.8 | 1 5.1 | 1 4.5 | 1 3.0 | 1 7.1 | 1 6.1 | t 8.0 | 1 5.1 | 1 4.3 | 1 4.8 | 1 3.7 | 1 3.^ I

1 4.2 I 1 5.1 | 1 4.9 | 1 4.8 | 1 6.5 | 1 4.0 | 1 5.7 | 1 4.3 | 1 5.0 | 1 6.3 | 1 5.3 | 1 5.0 |


DATE

~ 1 9 6 8 . . J A N . . . F E B . . M A R . A P R . MAY J U N E . . J U L Y A U G . S E P . O C T . N O V . . . D E C .

1 9 6 9 . . J A N * F E B . M A R . . . A P R . . . M A Y I J U N E . . J U L Y A U G . j . . S E P . . . O C T . | N O V . D E C . I

1 9 7 0 . . J A N . ! F E b . 1 . . M A R . A P R . . . M A Y I J U N E | J U L Y I A U G . ! . . S E P . I . . O C T . I N O V . 1 D E C . I

I CURRENCY

4oT5 4 0 . 3 4 0 . 7

1 4 1 . 0 4 1 . 3 4 1 . 8 4 2 . 3 4 2 . 5

I 4 2 . 6 4 2 . 8 4 3 . 6

I 4 4 . 3

4 3 . 5 4 3 . 4 4 3 . 7 4 3 . 8 4 4 . 2 4 4 , 7 4 5 . 2 4 5 . 4 4 5 . 3 4 5 . 6 4 6 . 4 4 6 . 9

4 6 . 1 4 5 . 9 4 6 . 3 4 6 . 6 4 7 . 3 H 7 . 7 1 4 8 . 3 4 8 . 3 4 8 . 2 4 o . 5 < *9 .2 | 5 U . 0

COMPONENTS OF MONEY BOJL SEASONALLY

TABLE 3 STOCK MEASURES AND K E L A T E D ITEMS A D J U S T E D . B I L L I O N S OF

1 DEMAND D E P O S I T S L

1 TOTAL 1 5 3 . 1

1 1 4 7 . 1 I 1 4 7 . 4 I 1 5 0 . 9 ! 1 4 8 . 0 1 1 5 1 . 1 1 1 5 2 . 3

1 5 1 . 5 1 5 4 . 0 1 5 6 . 2 1 5 8 . 9 1 6 3 . 8

\ 1 6 5 . 5 1 5 8 . 9 1 5 9 . 1 1 6 2 . 7 1 5 8 . 2 1 6 0 . 6 1 6 1 . 2 1 5 9 . 0 | 1 6 1 . 1 1 6 2 . 5 1 6 3 . 9 1 6 7 . 8

1 7 0 . 2 1 6 1 . 5 ! 1 6 2 . 7 1 6 7 . 0 1 6 2 . 3 1 6 4 . 5 1 6 5 . 2 1 6 4 . 9 1 1 6 7 . 8 1 1 6 9 . 1 | 1 7 0 . 9 | 1 7 5 . 8 1

1 MEMBER 1 1 2 0 . 7 1 1 1 6 . 0

1 1 6 . 3 1 1 9 . 1

i 1 1 6 . 7 1 1 9 . 1 1 1 9 . 8

1 1 1 9 . 0 1 2 0 . 6 1 2 2 . 3 1 2 * . 1 1 2 8 . 1

1 2 9 . 4 | 1 2 4 . 0 1 2 4 . 2 1 2 6 . 9 | 1 2 3 . 1 I 1 2 4 . 6 1 2 5 . 0 | 1 2 3 . 1 | 1 2 4 . 3 1 1 2 5 . 4 1 2 6 . 3 1 2 9 . 3 |

1 3 1 . 2 I 1 2 4 . 5 | 1 2 5 . 7 | 1 2 8 . 9 | 1 2 5 . 1 1 2 7 . 0 1 2 7 . 1 1 2 6 . 8 I 1 2 9 . 1 | 1 3 0 . 0 | 1 3 1 . 1 I 1 3 5 . 0 |

1 DOMESTIC | SNQN-MfcMBERI 1 3 1 . 1 |

2 9 . 9 | 2 9 . 8 |

i 3 0 . 5 | 3 0 . 1 | 3 0 . 6 1 3 1 . 2 | 3 1 . 2 I

! 3 2 . 1 | 3 2 . 6 | 3 3 . 4 | 3 4 . 3 |

3 4 . a | 3 3 . 5 | ^ 3 . 4 | 3 4 . 5 I 3 3 . 7 | 3 ^ . 4 | 3*.b j 3 4 . 6 I 3 5 . 4 | 3 5 . 6 | 3 6 . 4 | 3 7 . 2 |

3 7 . 7 | 3 5 . 7 | 3 5 . 6 | 3 6 . 7 1 3 5 . b | 3 6 . 0 | 3 6 . 5 | 3 6 . 5 | 3 7 . 2 | 3 7 . 6 | 3 8 . 2 | 3 9 . 2 f

DOLLARS T I M E , SAVINGS UEPQS

CDS 2 0 . 6 2 0 . 8 2 0 . 8 1 9 . 9 1 9 . 6 1 9 . 3 2 0 . 4 2 2 . 1 2 2 . 2 2 3 . 0 2 3 . 6 2 3 . 8

2 1 . 6 2 0 . 3 1 9 . 2 l b . 2 1 7 . 3 1 5 . 9 l * . l 1 3 . 0 1 1 1 . 9 1 1 . 5 1 1 . 4 1 1 . 1 1

1 0 . 6 1 1 0 . 6 1 1 1 . 4 | 1 2 . 7 I 1 3 . 0 1 3 . 0 l o . l 1 9 . 2 1 2 1 . 4 | 2 3 . 1 1 2 4 . 4 2 5 . 7 1

1 I L QXtiiiB _ 1 1 6 3 . 3 1 1 6 5 . 1 | 1 1 6 7 . 1 | 1 1 6 8 . 2 | 1 1 6 9 . 2 I 1 1 6 9 . 6 |

1 70 . 7 | i 1 7 2 . 8 1

1 7 4 . 6 I 1 7 6 . 8 | 1 7 7 . 8 I 1 7 9 . 4 |

1 6 1 . 1 | 1 1 8 2 . 3 1 1 1 8 4 . 0 I

1 8 4 . 8 | 1 8 5 . 2 1 1 8 5 . 4 | 1 8 3 . 9 | 1 8 3 . 0 1 6 2 . 9 | 1 8 2 . 8 | 1 8 2 . 0 | 1 8 2 . 1 1

1 8 2 . 1 | 1 6 2 . 4 | 1 8 4 . 5 | 1 6 6 . 7 1 1 8 8 . 1 | 1 8 9 . 3 I 1 9 1 . 9 | 1 9 4 . 6 I 1 9 6 . 7 1 1 9 9 . 0 | 1 9 9 . 7 1 2 0 2 . 4 |

H i TOTAL

1 6 3 . 9 1 8 5 . 9 1 8 7 . 9 1 8 8 . 2 1 8 8 . 7 1 8 9 . 0 1 9 1 . 1 1 9 4 . 6 1 9 6 . 7 1 9 9 . 7 2 0 1 . * 2 0 3 . 2

2 0 2 . 9 2 0 2 . 6 1 2 0 3 . 2 2 0 3 . 0 2 0 2 . * . | 2 0 1 . 3 1 9 8 . 0 1 9 6 . 0 1 9 4 . 9 | 1 9 4 . 4 1 9 3 . 4 | 1 9 3 . 2 1

1 9 2 . 7 | 1 9 3 . 0 1 1 9 5 . 9 | 1 9 9 . 3 2 0 1 . 1 2 0 2 . 3 | 2 0 6 . 0 j 1 3 . 8 2 1 8 . 1 | 2 2 2 . 0 | 2 2 4 . 1 1 2 2 6 . 1 I

PAGE

m NCNBANK T H R I F T

i I N S T . | 1 9 5 . 4

1 1 9 5 . 9 1 9 7 . 4

1 1 9 8 . 3 1 9 8 . 8 2 0 0 . 5 2 0 1 . 4

1 2 0 1 . 5 2 0 2 . 7 2 0 4 . 0 2 0 5 . 0 2 0 6 . 8

1 0 8 . 2 2 0 8 . 6 2 1 0 . 4 2 1 1 . 2 2 1 1 . 4 2 1 2 . 8 2 1 3 . 0 2 1 2 . 5 2 1 3 . 2 2 1 3 . 7 2 1 3 . 6 2 1 5 . 1

2 1 5 . 2 2 1 4 . 8 2 1 6 . 2 2 1 7 . ! > 2 1 8 . 3 2 2 0 . 2 I 2 2 1 . 8 2 2 2 . 7 2 2 4 . 3 2 2 6 . 4 2 2 c . 0 2 3 0 . 9 |

16

I U . S . GOVTI I PfcMANP L 1 5 . 0 | I 7 . 2 I 1 6 . 7 I 1 4 . 3 |

6 . 5 | 5 . 6 I

! 5 . 6 1 1 5 . 7 | I 6 . 0 |

6 . 3 I 4 . 5 |

1 5 . 0 |

1 * 9 | 1 o . 9 i

4 . 6 | 1 5 . 3 |

9 . 2 | 1 6 . 0 t

5 * o 1 4 . 3 |

1 5 . 3 | 1 4 . 2 1 1 5 . 2 I

5 . 6 |

4 . 6 | 7 . 1 I 6 . 9 I 5 . 3 | 6 . 4 j 6 . 5 | 6 . 6 | 7 . 1 I 6 . 9 1 6 . 2 | 5 . 7 I 7 . 3 I


DATE: 1971,. J ANI

FEB. MAR. ..APR. HAY ..JUNE JULY AUG. ..SEP. ..OCT. NOV. DEC.

1972..JAN. ..FEB. ..MAR. ..APR. ..MAY JUNE ..JULY ..AUG. ..SEP. ..OCT. NOV. ..DEC.

1973..JAN. FEB. I MAR* APR. ..MAY I ..JUNE ..JULY AUG. ..SEP. 1 ..OCT. 1 NOV. ! DEC. 1

CURRENCY 1 49.1 | 49.1 | 49.5 | 50.1 | 50.3 |

1 51.0 | 1 51.9 | 1 51.9 | 1 51.9 | 1 52.2 | 1 52.7 | 1 53.5 |

1 52.5 | 52.6 |

! 53.1 | 1 53.5 | 1 53.9 |

5*.4 | 55.1 |

1 55.1 | 55.3 1 55.7 | 56.7 | 57.9 |

I 56.8 | 56.8 | 57.4 | 5b.3 | 58.7 | 59.4 | 60.0 | 60.0 | 60.1 | 60.4 | 61.5 | 62.7 |


TABLE 3 STOCK McASURES AND RELATED ITEMS ADJUSTED. BILLIONS OF

DEMAND DEPOSITS J TOTAL 177.0 170.9 172.4 177.0 173.9 177.4 178.7 177.3 179.1 180.2 181.8 186.9

188.4 182.1 184.3 189.3 18^.2 187.5 190.3 189.5 192.5 194.6 197.1 204.8

206.4 198.0 197.7 202.3 198.8 203.7 205.2 202.5 1 203.4 205.2 208.9 | 215.7 |

MEMBER 135.7 131.1 132.4 135.8 133.2 135.8 136.4 135.0 136.0 136.4 137.3

I 141.1

142.3 137.5 139.4 143.0 138.8 141.0 142.7

1 141.7 143.6 145.0 146.4 152.1

152.4 145.6 145.3 148.5 145.3 148.7 149.2 147.4 147.8 149.2 151.2 | 156.5 |

DOMESTIC NON-MEMBER 1

39.6 i 38.3 1 38.4

39.7 39.1

! 40.0 1 40.7 1 40.7 I 41.4

42.1 43.0 4^.1

*4.6 1 43.2

43.7 45.1 Vt .3 45.4 46.4 46 . 8 *7.9 46.6 49.7 51. *

51.6 49.8 50.1

1 51.6 1 51.1

52.4 | 53.2 52.7 53.3 53.6 I 55.1 | 56.3 |

DOLLARS i TIME SAVINGS DEPOSITS 1 1 L&S 1 26.8 1 27.3 i 26.0 1 27.1 I 27.4

28.3 29.3

1 31.0 I 31.9 1 33.5 1 33.6 | 33.8

1 33.7 I 33.6

33.4 33.7 34.9

I 35.6 1 36.8 ! 39.5 I 41.0 I 41.6

43.1 44.2

I 44.9 I 46.1

53.5 56.0 56.* 59.3 61*8 67.8 59.0 66.6 64.3 64.0

QlfclB 207.0 212.3 218.2

1 221.4 224.0

1 225.7 \ 226.4 1 227.3 1 228.7

231.1 232.6 236.0

I 240.9 244.8

1 248.7 2 50.9 253.7 255.8 257.3

! 260.0 261.8 264.2 264.7 267.6

272.0 275.2 279.1 281.6 264.3 285.3 286.0 288.9 290.3 293.7 294.7 | 298.2 |

TOTAL 233.6 239.6 246.2 248.5 251.4 254.0 255.6

1 258.3 i 260.6

264.6 266.1 269.8

1 27*.6 278.4 262.0 264.5 268.6 291.5 29*.0 299.5 302.7

I 306.0 307.6 311.8

I 316.9 323.3 332.6 337.6 342.7 344.7 347.8

1 356.7 359.3 360.3 359.0 362.2

PAGE 17

. N0N8ANK THRIFT INST. 23*.6 236.* 243.2

1 247.8 1 251.0

254.8 258.1 259.6 262.4

1 265.4 1 267.7

271.3 |

275.8 260.0 285.1

I 269.

DATt ~1974..JANI

FEB. MAR. APR. ..MAY ..JUNE ..JULY ..AUG. ..SEP. ..OCT. NOV. PEC.

1975..JAN. FEB. MAR* APR. ..MAY JUNE .JULY AUG. SEP. ..OCT. ..NOV. ..DEC.

1976..JAN. ..FEB. MAR. ..APR. MAY JUNE ..JULY AUG. ..SEP. ..OCT. NOV. DEC.

I CURRENCY 1 I 61.6 I 1 61.9 | 1 62.7 I 1 63.5 | 1 64.1 I | 64.8 j 1 65.3 1 1 65.7 1 | 65.8 | I 66.4 | 1 67.9 | I 69.0 I

1 67.8 I 1 67.8 I 1 66.8 I 1 69.1 I 1 70.0 | 1 71.2 1 1 71.9 I 1 72.1 | 1 71.9 | 1 72.5 | 1 73.9 | 1 75.1 |

1 73.7 | 1 74.1 | 1 75.1 | 1 76.3 I 1 77.1 | 1 77.8 | 1 78.7 1 1 78.9 | 1 79.0 | 1 79.7 I 1 80.8 | I 82.2 |


TABLE 3 STOCK MEASURES AND RELATED ITEMS ADJUSTED. BI

DEMAND DEPOSITS L 1 TOTAL l_ 215.3 I 207.4 | 208.8 | 213.5 | 207.4 I 212.2 | 213.7 I 210.7 I 212.2 I 213.7 1 216.4 | 222.2 1

219.9 I 210.6 I 212.6 1 217.4 | 212.9 | 219.1 | 220.3 | 217.8 1 21*.9 | 219.9 I 223.5 I 228.1 |

227.3 1 218.9 I 220.2 1 227.2 1 221.5 | 224.8 1 226.6 | 224.4 | 225.6 I 229.3 1 231.2 1 239.0 I

MEMBER 155.8 150.4 151.6 154.8 150.2 152.7 153.8 151.7 152.7 153.7 155.4 159.7

158.2 151.8 153.4 I 156.9 I 153.4 157.2 157.9 I 155.8 157.0 156.6 159.0 162.1 1

162.0 I 155.8 | 156.9 i 161.8 157.2 I 159.2 1 160.1 158.4 | 159.0 I 161.7 1 162.6 168.5 |

! DOMESTIC 1 iNQN-MEMbfcRl 1 56.6 |

54.4 | 54.4 |

I 56.0 1 1 54.6 | I 55.9 |

5t>.2 I 55.8 | 56.3 | 56.8 I 57.3 I 58.5 |

58.2 | 55.7 I 56.0 | 57.4 | 56.6 I 58.9 | 59.4 | 59.0 | 59.7 I 60.3 I 61.4 | 62.6 |

62.1 1 59.9 | 60.3 1 t>2.4 I 61.1 | 62.5 i 63.0 | 62.6 | 63.5 | 64.4 | 65.4 | 66.9 |

LLIQNS OF DOLLARS TIMt E

cas 65.8 66.1 66.7 71.8 77.2 79.6 82.6 87.1 88.7 88.8 87.1 90.5

91,9 89.2 88.1 85.8 84.1 82.3 81.3 81.1 82.7 83.7 82.9 83.5

78.5 73.0 71.8 69.4 67.4 69.1 68.9 66.3 65.3 64.2 62.9 64.3

SAVINGS DFPQS1TS 1 1 I J OTHER > 1 303.6 | 1 308.3 | 1 312.4 | 1 315.3 | 1 316.7 | 1 318.3 | 1 319.2 I 1 321.1 I 1 321.3 | I 324.6 | 1 324.6 | 1 326.3 |

1 331.9 | 1 336.7 1 1 341.4 | 1 344.6 | I 349.1 | 1 353.2 | 1 355.7 | 1 357.3 | 1 357.7 | I 360.8 | 1 362.8 | 1 366.2 I

1 374.0 | I 381.9 | 1 387.2 I I 392.0 | I 395.5 | 1 397.1 | I 400.3 | I 404.0 j 1 408.2 I 1 414.0 | 1 417.6 | 1 423.5 |

TOTAL 369.4 374.3 379.1 387.1 393.9 397.9 402.0 408.2 410.1 413.3 411.7 416.7

423.8

DATE

1959 JAN... 7 14 21 28

FEB... 4 11 18 23

MAR... 4 11 18 ..23

APR... 1 8 13 .22 29

MAY 6 15 20 | 27

JUNE.. 3 10 ..17 24

JULY.. 1 8 | 13 | 22 ..29 |

AUG... 5 12 | 19 I 26 I

SEP... 2 1 9 | 16 1 23 | 30 |

OCT... 7 I 14 | 21 1 28 I

NOV... 4 | 11 I 18 1 ..25 |

D E C . 2 1 9 | 16 | 23 I 30 f

MONEY STOCK MEASURES t COMPONENTS, AND RELATED ITEMS SAINA1J-*- ADJUSTED. BILLIONS OF DOLLARS

1 Ml I DEMAND I DEPOSITS 1 PLUS 1 CURRENCY 1 142.0 1 142.1 1 142.2 1 142.2 1 142.2 1 142.3 1 142.5 1 142.6 1 142.8 1 142.9 I 143.5 1 142.8 1 143.4 1 143.5 1 143.4 1 143.1 1 143.2 I 143.4

143.7 143.9 144.2 1 144.3 | 143.9 144.4 144.0 144.5 145.1 | 145.1 1 144.8 144.8 ! 144.7 1 144.7 | 144.4 | 144.3 | 144.6 | 144.2 | 144.4 | 143.8 | 144.2 | 144.4 | 144.4 | 143.6 | 143.3 | 143.5 I 143.6 | 143.7 1 143.6 | 143.7 1 143.5 | 143.7 I 142.9 | 143.5 I

1 M2 I Ml PLUS (TIME OTHER I THAN LARGE 1 CDS I 208.1 I 208.4 I 208.5 1 208.4 1 208.3 I 208*3

208.5 1 208.7 1 208*9 1 209.0

209.6 209.0

1 209.8 210.0

1 210.1 I 209.8

210.1 209.9 210.3 210.5 I 211.0 | 211.2 I 210.8 1 211.3 1 211.0 | 211.6 1 212.0 I 212.1 1 211.8 | 211.9 | 211.7 | 211.7 | 211.3 I 211.4 | 211.8 | 211.3 | 211.7 1 211.0 I 211.5 | 211.6 I 211.5 | 210.7 I 210.5 | 210.9 | 211.1 1 211.2 1 211.2 1 211.3 I 211.1 1 211.2 i 210.5 | 210.2 I

1 H4 I M2 PLUS 1 LARGE NEGOTIABLE 1 CDS 1 1 208.1 1 206.4 1 208.5 1 208.4

208.3 208.3

1 208.5 208.7 208.9

I 209.0 209.6

1 209.0 I 209.8 I 210.0

210.1 209.8 210.1 209.9 210.3 1 210.5 211.0 211.2 | 210.8 211.3 1 211.0 211.6 212.0 212.1 211.8 I 211.9 211.7 1 211.7 | 211.3 211.4 | 211.3 I 211.3 | 211.7 | 211.0 | 211.5 | 211.6 1 211.5 | 210.7 | 210.5 | 210.9 | 211.1 I 211.2 I 211.2 I 211.3 1 211.1 1 211.2 | 210.5 I 210.2 1

| CURRENCY

2 b w 6 I 28.6 1 28.7 I 28.7 I 26.7

28.7 28.7

| 28.7 i 28.8

26.8 28.8 28.8 28.8 28.6 28.7 28.8 28.8 I 28.9 28.9 I 28.9 28.9 1 29.0 | 29.1 29.0 29.0 29.0 29.1 | 29.0 29.0 29.0 29.0 I 29.1 | 29.1 29.0 29.0 |

DATE

~ 1 9 6 0 J A N . . . 6 . . 1 3 . . 2 0 . . 2 7

F E B . . . 3 1 0 . . 1 7 . . 2 4

M A R . . . 2 . . 9 1 6 2 3 . 3 0

A P R . . . 6 1 3 . . 2 0 . . 2 7

MAY . . 4 . . 1 1 . . 1 8 . . 2 5

J U N E . . 1 8 . . 1 5 . . 2 2 . . 2 9

J U L Y . . 6 1 3 2 0 . . 2 7

A U G . . . 3 . . 1 0 I . . 1 7 | . . 2 4 3 1 I

S E P * . . 7 I 1 4 . . 2 1 2 8

O C T . . . 5 1 . . 1 2 I . . 1 9 | . . 2 6 1

N O V . . . 2 1 . . 9 j l b I 2 3 1 3 0 1

D E C . . . 7 1 . . 1 4 | 2 1 1 2 8 1

MONEY STOCK MEASURES , COMPONENTSt AND RELATED ITEMS SEASONALLY ADJUSTED* B I L L I O N S OF DOLLARS

1 B l , ! DEMAND I DEPOSITS I PLUS 1 CURRENCY I 1 4 3 . 3 I 1 4 3 . 4 1 1 4 3 . 3 I 1 4 3 . 0 I 1 4 3 . 1 I 1 4 2 . 9 1 1 4 3 . 1 1 1 4 2 . 7 I 1 4 3 . 1

1 4 2 . 9 1 4 3 . 1

I 1 4 2 . 6 I 1 4 2 . 7

1 4 2 . 5 I 1 4 2 . 7 I 1 4 3 . 4 1 1 4 3 . 1 I 1 4 2 . 9 1 1 4 2 . 8

1 4 2 . 7 1 4 2 . 5 1 4 2 . 6 1 4 2 . 4 1 4 2 . 7 1 4 2 . 9 | 1 4 3 . 1 | 1 4 ^ . 8 | 1 4 3 . 2 1 1 4 3 . 7 1 1 4 3 . 8 ! 1 4 3 . 0 1 * 3 . b 1 1 4 3 . 9 | 1 * ^ . 0 | 1 4 * . 1 I 1 4 4 . 2 1 1 4 * . 4 1 1 4 * . 9 | 1 4 * . G | 1 4 3 . 9 | 1 4 4 . 1 | 1 4 4 . 4 | 1 4 4 . 5 | 1 4 4 . 5 | 1 4 * . 2 I 1 4 4 . 3 I 1 * 4 . 0 | 1 4 4 . 1 | 1 4 * . 1 | 1 4 4 . 3 | 1 4 4 . 6 | 1 4 3 . 8 |

1 BZ 1 1 M l PLUS ITJME OTHER ITHAN LARGE i CDS 1 1 2 1 0 . 9 1 2 1 0 . 8 1 2 1 0 . 6 I 2 1 0 . 2 1 2 1 0 . 1 i 2 0 9 , 8 1 2 0 9 . 9 I 2 0 9 . 6

2 0 9 . 9 2 0 9 . 8 2 0 9 . 9 2 0 9 . 6

| 2 0 9 . 9 2 0 9 . 7 2 1 0 . 0 2 1 0 . 8 2 1 0 . 6 2 1 0 . 4 2 1 0 . 2 1 2 1 0 . 1 I 2 1 0 . 0 2 1 0 . 1 2 0 9 . 9 i 2 1 0 . 4 ! 2 1 0 . 8 | 2 1 1 . 4 ! 2 1 1 . 2 | 2 1 1 . 8 | 2 1 2 . 3 1 2 1 2 . 6 | 2 1 2 . 9 | 2 1 3 . 0 | 2 1 3 . 4 | 2 1 3 . 9 | 2 1 4 . 0 | 2 1 4 . 2 I 2 1 * . 7 | 2 1 5 . 4 | 2 1 4 . 7 | 2 1 4 . 8 I 2 1 5 . 0 | 2 1 5 . 5 I 2 1 5 . 9 | 2 1 6 . 2 I 2 1 6 . 3 | 2 1 t . . 5 | 2 1 6 . 4 | 2 1 6 . 7 | 2 1 6 . 9 | 2 1 7 . 2 1 2 1 7 . 5 I 2 1 6 . 8 I

1 M4 1 I M2 PLUS ! LARGE NEGOTIABLE

1 &S 1 1 2 1 0 . 9

2 1 0 . 8 2 1 0 . 6 2 1 0 . 2 2 1 0 . 1 2 0 9 . 8

i 2 0 9 . 9 2 0 9 . 6 2 0 9 . 9 2 0 9 . 8 2 0 9 . 9 2 0 9 . 6 2 0 9 . 9 2 0 9 , 7 2 1 0 . 0 2 1 0 . 8 2 1 0 . 6 2 1 0 . 4 2 1 0 . 2 2 1 0 . 1 2 1 0 . 0 2 1 0 . 1 | 2 0 9 . 9 2 1 0 . 4 2 1 0 . 8 | 2 1 1 . 4 2 1 1 . 2 I 2 1 1 . 8 | 2 1 2 . 3 | 2 1 2 . 6 i 2 1 2 . 9 2 1 3 . 0 | 2 1 3 . 4 2 1 3 . 9 | 2 1 4 . 0 | 2 1 4 . 2 | 2 1 4 . 7 | 2 1 5 . 4 | 2 1 4 . 7 2 1 * . 8 | 2 1 5 . 0 | 2 1 5 . 5 | 2 1 5 . 9 | 2 1 6 . 2 | 2 1 6 . 3 | 2 1 6 . 5 | 2 1 6 . * I 2 1 6 . 7 j 2 1 6 . 9 | 2 1 7 . 2 | 2 1 7 . 5 | 2 1 6 . 8 |

L

1 CuRRtNCY

2 9 . 0 ! 2 8 . 9

2 8 . 9 1 2 8 . 9 1 2 8 . 9 I 2 9 . 0

2 8 . 9 2 9 . 0 2 8 . 9 2 9 . 0 2 9 . 0 2 9 . 0 2 8 . 9 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 8 . 9 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . d | 2 9 . 0 2 9 . 0 1 2 9 . 0 | 2 9 . 0 2 9 . 0 2 9 . 0 2 b . 9 | 2 9 . 0 | 2 9 . 0 2 9 . 0 | 2 9 . 0 2 9 . 0 2 9 . 0 | 2 9 . 0 | 2 9 . 0 i 2 9 . 0 | 2 9 . 0 2 9 . 0 2 9 . 0 | 2 8 . 9 1 2 9 . 0 | 2 9 . 0 | 2 9 . 0 2 9 . 0 1

I DMAND I DEPOSITS

1 1 4 . 4 1 1 4 . 5

1 1 1 4 . 4 1 1 1 4 . 1

1 1 4 . 1 1 1 4 . 0

f 1 1 4 . 2 I 1 1 3 . 7 I 1 1 4 . 1

1 1 3 . 9 1 1 4 . 1

1 1 1 3 . 6 1 1 3 . 8 1 1 3 . 5 1 1 3 . 7 1 1 * . 4 1 1 4 . , : 1 1 3 . 9

I 1 1 3 . 8 1 1 3 . 8 1 1 3 . 5 1 1 3 . 5 1 1 3 . 3 1 1 3 . 7 1 1 3 . 8 1 1 4 . 2 1 1 3 . 8 1 1 4 . 2 1 1 4 . 7 1 1 4 . 8 1 1 4 . 9 1 1 4 . 8 1 1 4 . 9 1 1 5 . 0 1 1 5 . 2 1 1 5 . 1 1 5 . 4 1 1 5 . 8 | 1 1 5 . 0 1 1 4 . 9 1 1 5 . 0 | 1 1 5 . * 1 1 5 . 5 1 1 5 . 6 1 1 5 . 2 1 1 5 . 3 1 1 5 . 0 | 1 1 5 . 2 1 1 5 . 1 1 1 5 . 3 1 1 5 . 6 1 1 4 . 8

1 TIME AND SAVINGS DEPOSITS J

1 CDS

I oTo 1 0 . 0 ! 0 . 0

0 . 0 1 0 . 0 I 0 . 0 1 O.G

0 . 0 I 0 . 0 1 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 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 I 0 . 0 | 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 0 . 0 1 0 . 0 | 0 . 0 ! 0 . 0 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 ! 0 . 0 0 . 0 0 . 0 ! 0 . 0 1

! OTHER

i 6 7 . 6 1 6 7 . 4 I 6 7 . 3 1 6 7 . 3 1 6 7 . 1

6 6 . 9 6 6 . 6 6 6 . 9

1 6 6 . 8 6 6 . 8 6 6 . 8 6 7 . 0 6 7 . 2 6 7 . 2 6 7 . 4 6 7 . 4 6 7 . 4 6 7 . 5 6 7 . 4 6 7 * 6 7 . 5 6 7 . 6 6 7 . 6 6 7 . 8 6 8 . 0 6 8 . 2 6 6 . 4 6 o . 6 6 8 . 6 6 8 . 8 6 9 . 1 6 9 . 2 6 9 . 5 6 9 . 8 6 9 . 9 ! 7 0 . 0 7 0 . 3 7 0 . 5 7 0 . 6 7 0 . 8 I 7 1 . 0 | 7 1 . 2 1 7 1 . 4 | 7 1 . 7 | 7 2 . 1 I 7 2 . 2 | 7 2 . 3 1 7 2 . 6 i 7 2 . 8 | 7 2 . 9 | 7 2 . 9 | 7 2 . 9 |

TOTAL |

6 7 . 6 | ! 6 7 . 4 |

6 7 . 3 I 6 7 . 3 |

i 6 7 . 1 1 6 6 . 9 | 6 6 . 8 | 6 6 . 9 | 6 6 . 8 1 6 6 . 8 | 6 6 . 8 | 6 7 . 0 \ 6 7 . 2 | 6 7 . 2 I 6 7 . 4 |

1 6 7 . 4 \ 6 7 . 4 | 6 7 . 5 | 6 7 . H | 6 7 . 4 \ 6 7 . 5 | 6 7 . 6 | 6 7 . 6 j 6 7 . 8 | 6 8 . 0 | 6 8 . 2 I 6 8 . * ' I 6 0 * 6 j 6 8 . 6 | 6 8 . 8 j 6 9 . 1 | 6 9 . 2 | 6 9 . 5 | 6 9 . 8 I 6 9 . 9 | 7 0 . 0 | 7 0 . 3 | 7 0 . 5 | 7 0 , 6 | 7 0 . 8 | 7 1 . 0 | 7 1 . 2 | 7 1 . 4 | 7 1 . 7 | 7 2 . 1 | 7 2 . 2 | 7 2 . 3 I 7 2 . 6 | 7 2 . 8 | 7 2 . 9 | 7 2 . 9 | 7 2 . 9 | Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1

DATE

~ 1 9 6 1 J A N . . . 4 1 1 . . 1 8 . . 2 5

F E B . . . 1 . . 8 . . 1 5 2 2

M A R . . . 1 8 . . 1 5 2 2 . 2 9

A P R . . . 5 1 2 . . 1 9 2 6

MAY . . 3 1 0 1 7 . . * 4 . . 3 1

J U N E . . 7 . . 1 4 . . 2 1 2 8

J U L Y . * 5 1 2 . . 1 9 2 6

A U G . . . 2 . 9 1 6 1 2 3 | 3 0 I

S E P . . . 6 | 1 3 1 2 0 | 2 7 I

O C T . . . 4 | 1 1 I l b | 2 5 |

N O V . . . 1 1 8 I 1 5 | 2 2 | . . 2 9 |

D E C . . . 6 I . . 1 3 | . . 2 0 | . . 2 7 |

MONEY STOCK MEASURES . COMPONENTS f AND RELATED ITEMS SEASONALLY ADJUSTED. B I L L I O N S OF DOLLARS

J M l I DEMAND I DEPOSITS 1 PLUS 1 CURRENCY | 1 4 4 * 0 I 1 4 4 . 0 I 1 4 4 . 3 I 1 4 4 . 7 I 1 4 4 . 8 I 1 4 4 . 7 I 1 4 4 . 9 1 1 4 4 . 8 1 1 4 4 . 9 1 1 4 4 . 8 1 1 4 5 . 0 1 1 4 5 . o 1 1 4 5 . 6 1 1 4 5 . 4 1 1 4 5 . 5 I 1 4 3 . 5 1 1 4 5 . 6 1 1 4 5 . 9 1 1 4 5 . 9 1 1 4 6 . 1 1 1 4 6 . 2 I 1 4 6 . 3

1 4 6 . 3 1 4 6 . 6

I 1 4 6 . 6 1 4 6 . 2 1 4 6 . 4 1 4 6 . 5 1 4 6 . 5 1 4 6 . 3 1 4 6 . 6 1 4 6 . 5 1 4 7 . 0 1 4 6 . 6 | 1 4 6 . 9 1 1 4 7 . 0 1 4 7 . 2 1 1 4 7 . 7 | 1 4 7 . 4 | 1 4 7 . 4 | 1 4 7 . 4 | 1 4 7 . 9 | 1 4 7 . 9 | 1 4 8 . 1 | 1 4 8 . 1 | 1 4 8 . 7 | 1 4 6 . 5 | 1 4 8 . 5 | 1 4 6 . 4 | 1 4 8 . 4 | 1 4 8 . 9 | 1 4 8 . 6 I

J B2 1 M l PLUS I T I M E OTHER ITHAN LARGE t CDS I 2 1 6 . 4 1 2 1 7 . 6 1 2 1 7 . 9 1 2 1 8 . 5 1 2 1 8 . 7 1 2 1 9 . 2 1 2 1 9 . 5 1 2 1 9 . 5 1 2 1 9 . 6 1 2 1 9 . 5 1 2 1 9 . 9 1 2 2 0 . 4 1 2 2 0 . 7 1 2 2 0 . 6 1 2 2 1 . 1 1 2 2 1 . 2 1 2 2 1 . 4 1 2 2 2 . 1 1 2 2 2 . 2

2 2 2 . 5 1 2 2 2 . 7 1 2 2 3 . 0 1 2 2 3 . 1 1 2 2 3 . 6

2 2 3 . 7 2 2 3 . 5 2 2 4 . 1 2 2 4 . 0 2 2 4 . 3 2 2 4 . 5 1 2 4 . 8 2 2 4 . 8 | 2 2 5 . 4 2 2 5 . 2 2 2 5 . 2 I 2 2 5 . 4 | 2 2 5 . 9 | 2 2 6 . 4 | 2 2 6 . 3 I 2 2 6 . 4 | 2 2 6 . 5 | 2 2 7 . 1 | 2 2 7 . 1 | 2 2 7 . 3 | 2 2 7 . 7 I 2 2 8 . 4 | 2 2 8 . 5 | 2 2 8 . 6 | 2 2 8 . 6 | 2 2 8 . 4 | 2 2 8 . 8 | 2 2 8 . 8 j

1 M4 1 M2 PLUS I LARGE (NEGOTIABLE > CDS I 2 1 6 . 5 I 2 1 7 . 6 1 2 1 8 . 0 1 2 1 8 . 6 1 2 1 8 . 9 1 2 1 9 . 4 1 2 1 9 . 7 1 2 1 9 . 8 1 2 2 0 . 0 [ 2 1 9 . 9 1 2 2 0 . 3 1 2 2 0 . 9 1 2 2 1 . 2 1 2 2 1 . 2 I 2 2 1 . 7 1 2 2 1 . 8 1 2 2 2 . 1 I 2 2 2 . 8 1 2 2 2 . 9

2 2 3 . 3 2 2 3 . 6

I 2 2 3 . 9 2 2 4 . 1 2 2 4 . 6 2 2 4 . 7 2 2 4 . 6 2 2 5 . 3 2 2 5 . 3 2 2 5 . 6 2 2 5 . 8 2 2 6 . 2 1 2 2 6 . 3 2 2 6 . 9 1 2 2 6 . 8 ! 2 2 6 . 8 2 2 7 . 1 | 2 2 7 . 6 1 2 2 8 . 3 1 2 2 6 . 2 ! 2 2 8 . 4 I 2 2 8 . 6 1 2 2 9 . 2 1 2 2 9 . 3 | 2 2 9 . 6 | 2 3 0 . 0 | 2 3 0 . 8 1 2 3 0 . 9 | 2 3 1 . 1 | 2 3 1 . 2 I 2 3 1 . 1 f 2 3 1 . 5 | 2 3 1 . 7 I

I CURRENCY

I 2 6 . 9 I 2 9 . 0 I 2 8 . 9 1 2 6 . 9 | 2 8 . 9 I 2 9 . 0 I 2 8 . 9 | 2 6 . 9 I 2 8 . 8 ! 2 9 . 0 1 2 8 . 9 ! 2 9 . 0 1 2 8 . V 1 2 8 . 9 I 2 8 . 9

2 8 . 9 1 2 8 . 9

2 8 . 9 2 9 . 0 2 8 . 9 2 6 . 9 2 8 . 9 2 9 . 0 2 9 . 0 2 9 . 0 2 9 . 0 | 2 9 . 0 2 9 . 0 ! 2 9 . 0 ! * 9 . 0 1 2 9 . 0 | 2 9 . 1 | 2 9 . 1 | 2 9 . 2 | 2 9 . 1 | 2 9 . * | 2 9 . 2 | 2 9 . 3 | 2 9 . 2 I 2 9 . 3 | 2 9 . 3 | 2 9 . 4 | 2 9 . 3 | 2 9 . 3 1 2 9 . 4 | 2 9 . 3 | 2 9 . 5 | 2 9 . 4 | 2 9 . 5 | 2 9 . 5 | 2 9 . 5 | 2 9 . 7 1

1 DEMAND 1 DEPOSITS

I usTT 1 1 1 5 . 0 1 1 1 5 . 4 1 1 1 5 . 8 1 1 1 5 . 9 1 1 1 5 . 7 1 1 1 5 . 9 1 1 1 5 . 9 I 1 1 6 . 1 1 1 1 5 . 9 1 1 1 6 . 2 1 1 1 6 . 7 1 1 1 6 . 7 1 1 1 6 . 4 I 1 1 6 . 7

1 1 6 . 6 1 1 1 6 . 7 i 1 1 6 . 9 1 1 1 6 . 9

1 1 7 . 2 1 1 7 . 3 1 1 7 . 4 1 1 7 . ^ 1 1 7 . 7 1 1 7 . 6 1 1 7 . 2 1 1 7 . 5 1 1 7 . 5 1 1 7 . 3 1 1 7 . 5 1 1 7 . 6 1 1 1 7 . 4 1 1 7 . 9 1 1 7 . 7 1 1 7 . 6 | 1 1 7 . 6 l l f c . O I 1 1 8 . H | 1 1 6 . 1 I l l b . l | 1 1 6 . 1 I 1 1 8 . 5 I 1 1 8 . 6 | 1 1 6 . 7 | 1 1 8 . 7 1 1 1 9 . 3 | 1 1 9 . 1 | 1 1 9 . 0 | 1 1 9 . 0 | 1 1 8 . 9 | 1 1 9 . 4 I 1 1 6 . 9 |

1 TjMfc AND SAVINGS

1 CDS

1 ~o7o 1 0 . 1 1 0 . 1 1 0 . 1 1 0 . 2 1 0 . 2 I 0 . 3 1 0 . 3 1 0 . 3 I 0 . 4 t 0 . 4 \ 0 . 5 [ 0 . 5

0 . 5 0 . 6 0 . 6

! 0 . 7 1 0 . 7

0 . 8 0 . 8 0 . 9 0 . 9

1 1 . 0 1 . 0 1 . 1 1 . 1 1 . 2 1 . 2 | 1 . 3 1 . 3 1 . 4 | 1 . 5 | 1 . 5 1 . 6 I 1 . 6 | 1 . 7 | 1 . 8 j 1 . 8 | 1 . 9 | 2 . 0 | 2 . 0 | 2 . 1 I 2 . 2 | 2 . 2 | 2 . 3 | 2 . 4 | 2 . 5 | 2 . 5 | 2 . 6 | 2 . 7 | 2 . 6 | 2 . 9 |

1 OTHER

1 7 2 . 4 1 7 3 . 6 1 7 3 . 7 1 7 3 . 8 1 7 4 . 0 1 7 4 . 5 1 7 4 . 6 1 7 4 . 7 1 7 4 . 8 1 7 4 . 7 I 7 4 . 8 1 7 4 . 8 1 7 5 . 1 1 7 5 . 3 I 7 5 . 6 1 7 5 . 7

7 5 . 8 7 6 . 2 7 6 . 3 7 6 .

DATE

~ 1 9 6 2 J A N . . . 3 . . 1 0 . . 1 7 2 4 . . 3 1

F E B . . . 7 . . 1 4 2 1 2 6

M A R . . . 7 . . 1 4 . . 2 1 2 8

A P R . . . 4 1 1 1 8 . . 2 5

MAY . . 2 9 . 1 6 . . 2 3 . . 3 0

J U N E . . 6 . . 1 3 . . 2 0 . . 2 7

J U L Y . . 4 . . 1 1 . . 1 6 . . 2 *

A U G . . . 1 . . e . . 1 5 . . 2 2 2 9

S E P . . . 5 . . 1 2 . . 1 9 . 2 6

O C T . . . 3 . . 1 0 . . 1 7 2 4 . . 3 1

N O V . . . 7 . . 1 4 . 2 1 . 2 6

D L C . . . 5 . . 1 2 . . 1 9 . 2 6

MONEY STOCK MEASURES, , COMPONENTS, AND RELATED ITEMS SEASONALLY ADJUSTED. B I L L I O N S OP DOLLAkS

I 8 1 DEMAND

DEPOSITS I PLUS 1 CURRENCY

1 4 9 . 2 1 4 9 . 0 1 4 8 . 9 1 4 8 . 8 1 4 8 . 9 1 4 8 . 9 1 4 9 . 0 1 4 9 . 0 1 4 9 . 2 1 4 9 . 5 1 4 9 . 5 1 4 9 . 8

I 1 4 9 . 2 1 4 9 . 5 1 4 9 . 7 1 4 9 . 9 1 4 9 . 6

1 1 4 9 . 8 1 1 5 0 . 0 I 1 5 0 . 2

1 4 9 . 7 1 4 9 . 6 1 5 0 . 0 1 4 9 . 9 1 5 0 . 1

\ 1 4 9 . 6 1 4 9 . 7

1 1 4 9 . 8 1 4 9 . 8 1 4 9 . 6 1 4 9 . 7

i 1 4 9 . 7 1 4 9 . 7

I 1 4 9 . 3 1 4 9 . 3 1 4 9 . 2 1 4 9 . 4 1 4 9 . 3 14

TABLE 4

DATE

1963 J A N . . . 2 . . 9 . . 1 6 . . 2 3 . . 3 0

F E B . . . 6 . . 1 3 2 0 . . 2 7

M A R . . . 6 1 3 . . 2 0 . . 2 7

A P R . . . 3 i 1 0 . . 1 7 . 2 *

MAY . . 1 . o . . I S I 2 2 . . 2 9 |

J U N E . . 5 . . 1 2 . . 1 9 2 6

J U L Y . * 3 . . 1 0 . . 1 7 2 4 I 3 1 j

A U G . . . 7 . . 1 4 . . 2 1 1 . . 2 8 i

S c P . . . 4 | . . 1 1 1 l b | . . 2 5 |

O C T . . . 2 . . 9 . . 1 6 i . . 2 3 . . 3 0 1

N O V . . . 6 1 . . 1 3 . 2 0 | . . 2 7 1

D L C . 4 | . . 1 1 . . l b I . . 2 5 |

MONEY STOC ;K MEASURESI t COMPONENT! >f AND RELATED ITEMS SEASONALLY ADJUSTED. B I L L I O N S OF DOLLARS

1 M l I DEMAND

DEPOSITS 1 PLUS 1 CURRENCY 1 1 5 1 . 6 I 1 5 1 . 2 1 1 5 1 . 7 I 1 5 1 . 5 1 1 5 1 . 3 I 1 5 1 . 7 I 1 5 1 . 8 1 1 5 1 . 9 |

1 5 1 . 7 1 5 2 . 2 1 5 2 . 2 1 1 5 2 . 5 I

[ 1 5 2 . 1 1 5 2 . 3 1 5 2 . 3 | 1 5 2 . 9 | 1 5 2 . 7 |

I 1 5 3 . 1 1 5 3 . 1 1 1 5 3 . 6 I 1 5 3 . 3 1 1 5 3 . 7 1 1 5 3 . 8 1 1 5 3 . 9 | 1 5 * . 1 1 5 3 . 7 1 1 5 4 . 5 1 5 4 . 2 | 1 5 4 . 7 1 1 5 4 . 6 I 1 5 4 . 7 i 1 5 * . v 1 1 5 4 . 9 | 1 5 4 . 6 | 1 5 4 * 6 | 1 5 5 . 0 I 1 5 5 . 1 1 1 5 5 . 3 | 1 5 4 . 6 1 1 5 5 . 2 ! 1 5 5 . 6 I 1 5 5 . 9 1 1 5 5 . 9 i 1 5 6 . 0 1 1 5 6 . 9 | 1 5 6 . 9 I 1 5 7 . 0 i 1 5 6 . 7 1 1 5 7 . 1 1 1 5 6 . 6 I 1 5 6 . 6 i 1 5 6 . 3 |

M2 1 Ml PLUS T IME OTHER THAN LARGE

CDS 2 4 4 . 2 2 4 4 . 2 2 4 4 . 8

I 2 4 4 . 8 2 4 4 . 8 2 4 5 . 3 2 4 5 . 8 2 4 6 . 2 2 4 6 . 3 2 4 6 . 8 2 4 7 . 0 2 4 7 . 5 2 4 7 . 3 2 4 7 . 7 2 4 7 . 9 2 4 8 . 9 * 4 9 . 0 2 4 9 . 3 2 4 9 . 6 2 5 0 . 3 2 5 0 . 1 2 5 0 . 5 2 5 1 . 0 2 5 1 . 3 2 5 1 . 5 2 5 1 . 3 2 5 2 , 2 2 5 1 . 9 2 5 2 . 8 2 5 3 . 1 2 5 3 . 2 2 5 3 . 6 1 2 5 3 . 7 2 5 3 . 6 | 2 5 3 . 7 2 5 * . 6 2 5 * . 9 2 5 5 . 2 2 5 4 . 7 2 5 5 . 6 2 5 5 . 9 2 5 o . 4 2 5 6 . 6 2 5 7 . 2 2 5 8 . 4 | 2 5 8 . 7 2 5 9 . 2 2 5 9 . 0 2 5 9 . 2 2 5 8 . 5 2 5 8 . 4 2 5 8 . 1

M* M2 PLUS

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