F E P E R A L RESERVE s ta t i s t i ca l r e l e a s e Tib)ft 1

H6 MONEY STOCK MEASURES For Immediate Release August 15, 1974 JNBjLUONS OF DOLLARS

^ H ^ B M B

M l 1 2 M 3 , j Ml Mj 1 ^ 3 _~ Date Mt plus time deposits Mj plus deposits M, plus time deposits M2 plus deposits Date Currency plus at commercial banks at nonbank Currency plus 1/ at commercial banks at nonbank

demand deposits2' other than large CD's 8/ 1

thrift institutions^ demand deposits4' i other than large

CD's^ thrift institutions3''

Seasonally Adjusted i l> ot Seasonally Adjusted 1973July 266.4 552 .1 1 867.1 265.7 551 .1 867.6

Aug. 266.3 555 .1 870.7 1 263.0 551.3 866. 6 Sept . 265.5 556 .8 873.5 264.0 554 .4 870.0 Oct. 266.6 561.9 | 880.3 266 .1 560 .1 877.2 Nov. 269.2 567.3 i 887.7 270.9 565.7 884.0 Dec. 271 .4 ! 572 .1 894.8 279 .1 577.2 898.4

1974Jan. 270 .8 575 .4 { 900.4 278 .1 581 .4 905.9 Feb, 273.7 581.9 909.0 270 .8 579 .3 906.3 Mar. ! 276.2 586.2 ! 915 .8 273,5 585.7 916.5 Apr. 278.1 590.2 921.5 279.6 594.6 927.7 May [ 279.2 592 .8 1 924.9 274.5 590.9 923.9 June 281.0 597.6 930.6 278.9 597 .1 r 931.7 Ju ly p 281.2 r 600 .1 r 9 3 4 . 1 r 280 .5 r 599.0 r 934.5

Week ending! 1974July 3 282.1 599.2 281.7 599.8

10 280.6 598.9 282.2 600.4 17 282.2 i 600.5 1 282.7 600.5 24 t 280 .5 r 599 .6 r 2-78.0 r 596 .4 31 p r 280 .4 r 601 .1 r 277.5 r 597.6

Aug, 7 p 282 0 602.5 279.3 599.3

^ I ^ M M n ^ H B H * M H * a M M ^ M ^ * i

y

y

includes (1) demand deposits at all commercial banks othpr than those due to domestic commercial banks and the U S Government less cash items in the process of collection and F R float i) foreign demand balances at F R Banks and

flDERAL RESERVE ftffttf icftf RMee H 6

Table 2

MONEY STOCK MEASURES PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

1 *1 1 2 M3 Penod ! Currency plus

demand deposits^ Mi plus time deposits at commercial banks

other than large CD's V

Mj plus deposits at nonbank

thrift institutions3''

July from*

Jam 1974 (6 months previous) July 1973 (12 months previous)

i 4 .5 7.7 5.6

6 . 7 8,6 8.7

5. 5 7.5 7.7

Four weeks ending: Aug. 7, 1974 from four weeks ending} May 8, 1974 (13 weeks previous) Feb* 6, 1974 (26 weeks previous

Aug. 8, 1973 (52 weeks previous 4 . 3

) 7 .8 ) 5 . 6

6 . 8 8 . 5 8 . 7

J includes (1) demand deposirs at alt commercial banks other than those due to domestic commercial bahKs and thS U Qovernment less cash items in the

process ot collection and F R Hoat (2) foreign demand balances at F R Banks and (3) currency outside the Treasury F R Banks and vaults ot at! commercial banks

includes m addition to cur/ency and demand deposits savings deposits time deposits open account and tir% certificates of deposits other than negotiable time certificates oi deposit issued in denominations ot $100 000 or more by large weekly reporting commercial tyanks includes M2 plus the avenge ot the beginning and end ot month deposits of mutual savings banks arid savWgg and Ibdh Shares

Note A if rates of change are based on daily average data rates of change are not compounded Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE Statistical Release H.6 Table 3

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS SEASONALLY ADJUSTED, IN BILLIONS OF DOLLARS

4 Currency Demand deposits

Time and Mvtogi_dpo tB Date 4 Currency Demand deposits CD's^ Other Total

Nonbank [ thrift institutions^

1973July 59 .5 206.9 63.9 285.7 349.6 315.0 Aug. 59 .8 1 206 .4 1 66 .3 288 .8 355.1 315.6 Sept. 1 60 .2 | 205 .3 | 66.7 291 .4 358.0 316.7 Oct. 60 .5 206 ,1 63 .8 295.3 359 .1 318.5 Nov. 61 .0 208.2 62.0 298 ,1 360.1 320.4 Dec. 61.7 203.7 62 .8 300 .6 363.5 322.7

1974--Jan. 61 .9 j 208 t 9 , 65.5 304 .6 370.1 1 325.0 Feb. 62,7 211 .1 1 66.6 308.2 374 ,8 j 327.1 M a r . J 63 .4 212.9 67.7 310 .0 377.7 1 329.6 Apr. 64 .0 i 214.1 1 75 ,4 312 ,1 387.4 331.4 May 64.5 i 214 ,8 ! 81.2 313 .6 394.7 332.1 June 1 64 ,8 216 .1 83.3 316/6 400.0 333.0 July p 1 65,0 216,3 ) r 85 .4 r 318.9 r 404.2 ! 333.9

Week ending; 1974--July 3 | 64 .9 i 217.2 85.0 317.1 402.2

10 ! 65 .1 i 215,4 84.7 318.3 403.0 17 1 64,9 217.3 85 .4 318.3 403.7 24 64.9 r 215.5 85.9 r 319.1 r 405.0 31 p 64 .8 r 215,6 r 85.6 r 320,7 406.3

Aug. 7 p 65 .4 216.6

*

84.9 320.4 405.3

*-' f u ^ s nAgof lab'e lime ce rtif ttaies o* QPDOS \ '^.tuc^ r denominat ions ol 5100 OOO or ^ore by large w^pkiy report mg commercial banks p . P r e i i i n i r i c t r

a e. P-JO 0 i ^ j P Q nnmg and en^ of month deports at mu'ua sa\ mns banks and savings and loans shares ^ * Digitized for FRASER

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

FEDERAL RESERVE Statistical Roli?asf? H f>

Tabic 4

COMPONENTS OF MONEY STOCK MEASURES AND RELATED ITEMS NOT SEASONALLY ADJUSTED. IN BILLIONS OF DOLLARS

( l i r r p n c y

I C emand deposits _; Time and savings de posit | Nonljank thrift

insti tutions" Date ( l i r r p n c y Total ' Member Domestic

. nonmember '"" CD's?' Other i 'Total Nonljank

thrift insti tutions"

US Govt Cl(.T"(l"(l J

1 9 7 > - . J u l y 60.0 205.7 1 4 9 . 7 5 3 . 2 62.3 285.4 3 4 7 . 8 316.5 6.5 Aug, 60.0 202.9 1 4 7 . 8 5 2 . 7 68.4 288.3 356.7 315.3 4 .1 Sept . 60.1 203. 8 148.2 5 3 . 3 ! ! 68 .8 290. 5 359.3 315.6 5 .3 Oct. 60.4 j 205.7 149.7 53 .8 ' 66 .3 294.0 360.3 317.0 6 .0 Nov. 61. 5 | 209.5 151.8 55 .1 i 64 .1 294 .8 359.0 318.3 4 .3 Dec. 62.7 1 216.4 157.0 56 .6 , ; 64.1 298.1 362.2 321.2 1 6.3

19 74 - J a n . 61.6 216.5 156.4 57.1 ! 66 .1 303.4 369 .4 ; 324.5 1 8 .0 Feb. 61.9 209.*0 . 151.2 55.2 ': 65.9 308.5 374.4 ! 326.9 ! i 6 .6 Mar. | 02.7 210.8 152.5 55.5 i 67 .0 312.2 379.2 i 330.8 j 6 .3 Apr. ; 63.6 1 216.1 156.0 57 .3 [ i 72 .4 314.9 387.3 333.2 ! 6.0 May 64.2 j 210.2 151.5 56 .0 j 77 .8 316.4 394.2 333.0 7 .5 .June i 64.9 j 214.0 153.7 57 .4 ! 79 .7 318.2 397.9 r 334 .6 6.0 July P i 65.5 r 215 .0 154.4 57 .8 83.3 318.6 401.9 r 335 .5 r 5 . 3

Week ending: 1974July 3 65 .3 216.4 1 5 5 . 8 ' 5 7 . 8 I 80 .8 318 .1 399.0 8 .6

10 66.2 215.9 154 .6 58 .6 j 81 .1 318.3 399 .4 6 .8 17 65.7 . 217.0 ! 155.6 58 .6 l ; 83 .0 317.8 400 .8 4 .2 24 65.2 r 212 .8 j r 1 5 2 . 9 r 57. 1 i ! 84 .8 3-18.4 r 403. 1 r 4. 5 31 p 64. 8 r 212 .7 , r 153 .3 56 .6 | r 85 .5 r 320 .1 405 .6 4 .3

Aug. 7 p 66.0 213.3 153.1 57.5 86 .0 320 .0 405 .9 4 .2

1 ' Total deposits include m addition to inn member and domestic nonmnmher deposits shown, deposits diie to foreign and international institutions at f R Mankf ana My TVHK balances at dyuncfcs and branches of foreign banks

2 / Based on most rorrnt call rnpurl singl" day observations 3, Include negotiable time temheates ot deposits issued in denominations of $100,001) or mmu by large weekly reporting commercial banks 4 Average of heqinnmq and end of month deposits at mutual savings banks and savings ynd loan shares b U S Government demand dvuusits at .*i (.omuiLMOiat banks

p - Preliminary r - Revised

Rev 2/74 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis