FEDERAL RESERVE s t a t i s t i c a l r e l e a s e

Table 1

H6 MONEY STOCK MEASURES For immediate Release March 2 1 , 1974

, IN BILLIONS OF DOLLARS

»1 "1 Mj *3 | * l Mj «3 " "

Date Currency plus demand deposits1'

M i plus time deposits at commercial banks

other than large CDs^ |

M2 plus deposits at rtonbank

; thrift institutions ^

Currency plus demand deposits^

M, plus time deposits at commercial banks

i other than large 1 CD's*/

M2 plus deposits at nonbank

thrift institutions^

Seasonally Adju»ted Not Seasonally Adjusted 1973—February 257.9 1 532 ,3 1 836 .7 255.2 ( 529 .8 1 833.6

March 258 .1 534.6 841.7 255.5 534.0 841.5 A p r i l 259.4 538.3 847.7 260.9 542.3 852.6

May 262.4 543.6 855.0 1 257,9 541.7 853.6 June 265.5 549.4 863.5 263.6 548.8 864.0 J u l y 266.4 552,0 867.9 265.7 551.0 868.0

266.2 554 .? 870.9 262.9 551 .1 867.0 September 265.4 556,6 873 ,2 263,9 554.2 870.4 October 266.5 561 .6 879 .8 266.0 559.9 877.5 November 268.8 ! 566,7 886.9 270.5 565 .1 884.0 December 270.4 j 570.7 893.2 278 .1 575.8 897.5

1974--January 269.6 ! 573.7 898 .3 276.8 579.7 904.6 February P 272.6 580 .1 906.8 269.7 577.5 904.7

Week ending 1974—February 6 270.9 577 .3 270.6 576.4

13 271.8 579 .1 269.8 577 .1 20 274.6 582.6 270.9 579.2 27 p r 2 7 2 . 3 r 5 8 1 , 1 r 2 6 7 . 2 r 576 .7

March 6 p 13 p

275.9 274.7

584.7 | 583.7

1

272.9 I 272.3

583.0 583.5 j

1/

includes (1) demand deposits at all commercial banks other than those due to domestic commercial banks and the U S Government less cash items n the process of collect on and F R float (2) foreign demand balances at F R Banks and (3) currency Outs de the Treasury F R Banks and vaults Of all commercial banks

includes in addition to currency and demand deposits savings deposits time deposits open account and time cert f cates of deposits other than negot able t me cert f cates of depostt issued ^n denominations of $100 000 or more by large weekly reporting commercial banks P " P r e l i m i n a r y includes Mj plus the average of the beginning and end Of month deposits of mutual sav ngs banks and savings and loan shares r - R e v i s e d

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

FEDERAL RESERVE Statistical Releajo H 6

Table 2

MONEY STOCK MEASURES PER CENT CHANGE AT SEASONALLY ADJUSTED ANNUAL RATES

<^^^mm~~mm***—^^^^^~mmmm*mam~mmm^m*mmm~^^m^^ M̂ M3

Period [ Currency plus demand deposits^

M \ plus time deposits at commercial banks

other than large CD's 2/

M2 plus deposits at nonbank

thfift institutions2''

February from

November 1973 (3 months previous) August 1973 (6 months previous) February 1973 (12 month3 previousj

Four weeks ending March 13, 1974 from four weeks endxnp

December 12, ^973 (13 week*? previoij September 12,1973 (26 weeks prpviot March 14,1973 (52 weeks previous)

5.7 4 . 8 5 .7

a) 7 .1 s ) 6 .4 .

6.2

9.5 9 .1 9 .0

10.6 9 .8 9,2

9 .0 8 .2 8 .4

2/

fnciudes (U demand deposits at all commercial banks other than those due to domestic commercial banks and the U § Government less cash items in the process of coliecuon and F R float

(2) foreign demmd balances at F R Danks and (3} cur ency outside the Treasury F R Banks and vaults of ail commercial banks

'^eludes n add tion to currency and demand deposits savings deposits time deposits open account and time certificates of deposits other than negoi dole lime certificates of deposit issued tn denominations of $100 000 or more by large weekly reporting commercial banks

* include., M? plus the nvenge of the beginning and end of month deposits of mutual saving^ banks and savings and loan shares Note Ait o ies of change are based on daily average data rates of chanoe &t& not compounded

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

FEDERAL RESERVE Statistical Ralaata H 6 Tibia 3

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

Currency Demand deposits

| Time and savings deposits m^^mmmmmiimf*—m

Date Currency Demand deposits CD's^ Other Total

Nonbank 1 thrift institutions 3/

1973—February 57.5 200.4 1 49*1 274.4 323.5 304.4 March 58,0 200.1 ! 54.6 276.6 331.1 307.0 Apri l 58.6 200.8 ! 58.4 278,9 337.3 309.4 May 58.9 203.4 I 61.3 281.3 342.6 311.4 June 59.4 206.2 62.0 283.8 345.8 314.2 July 59.5 207.0 63.9 ! 285.6 349.4 315.9 August 59.8 206.4 66.3 288.7 355.0 315.9 September 60.2 205.2 ! 66.7 291*2 357.9 316.6 October 60.4 206.1 | 63.8 295.1 358.9 1 318.3 November 60.9 207.9 1 62.0 297.8 359,9 320.2 December 61.6 208.8 62.8 300.3 363,1 J 322.5

1974—January 61.8 207.8 \ 1 65.5 304.1 369.6 324.7 February p 62.6 i 210.0 I ! 66.6 307.5 374.1 ! 326.7

Week ending 1974--February 6 62.4 208.5 I 66.8 306,4 373.2

13 62.6 209.3 67.0 307.2 374.2 20 62.7 211.9 66.4 308,0 374.4 27 p 62.5 ! 209.7 66.2 308.8 r 3 7 5 . 1 i

March 6 p 63.0 212.8 66.0 308.8 374.8 13 p 63.2 211.5 66.8 309.0 375 8

| ^ 1 — ^ ^ uces negot able time certificates ot depoart issued in denominations of $100 000 or more by large weekly reporting commerc ai banks P-JP oi D*q nn ng and end of month deposits at mutual savings banks and savings and loans shares

p - Preliminary r - Revised Digitized for FRASER

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

FIDERAL RESERVE Statistical Release H 6

Table 4

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

| Demand deposits Time and savings deposit j Nonbank 1 1 y i Nonbank 1

Date I Currency Total1; Member Domestic nonmember -'l co s y Other Total thrift

institutions-'! U S Gov t demand5

1973—February | 5 6 . 8 1 9 8 . 4 1 4 6 . 2 \ 4 9 . 8 4 8 . 6 2 7 4 . 6 3 2 3 . 3 303^8 9 . 9 March 5 7 . 4 1 9 8 . 1 1 4 5 . 6 * 5 0 . l 5 4 . 0 2 7 8 . 5 3 3 2 . 6 3 0 7 , 4 1 0 . 4 A p r i l 5 8 . 3 2 0 2 . 6 1 4 8 . 9 5 1 . 6 5 6 . 1 2 8 1 . 4 3 3 7 , 6 3X0.3 8 . 3 May 5 8 . 7 1 1 9 9 . 2 1 4 5 . 8 5 1 . 1 | 5 8 . 8 2 8 3 . 8 3 4 2 , 6 3X2,0 8 . 7 June 5 9 . 4 2 0 4 . 1 1 4 9 . 1 5 2 . 4 1 5 9 , 3 2 8 5 . 2 3 4 4 . 5 3X5.3 7 . 1 J u l y 5 9 . 9 2 0 5 . 7 1 4 9 . 7 5 3 . 3 | 6 2 . 3 2 8 5 . 3 3 4 7 . 6 3X7.0 6 . 5 August 6 0 . 0 j 2 0 2 . 9 1 4 7 . 8 5 2 . 7 6 8 . 4 2 8 8 . 2 3 5 6 . 6 3 1 5 . 9 4 . 1 September 6 0 . 1 2 0 3 . 8 1 4 8 . 2 5 3 . 3 6 8 . 8 2 9 0 . 3 3 5 9 . 2 j 316.X 5 . 3 October 6 0 . 4 2 0 5 . 6 1 4 9 . 7 5 3 . 7 6 6 . 3 2 9 3 . 9 3 6 0 , 2 3X7.6 ! 6 . 0 November 6 1 . 4 2 0 9 . 1 1 5 1 . 8 5 4 . 9 64.X 2 9 4 . 6 3 5 8 . 7 ! 3X8.9 4 . 3 December 6 2 . 6 2 1 5 . 5 1 5 6 . 9 5 6 . 2 64.X 2 9 7 . 7 3 6 1 . 8 32X.7 6 . 3

L974--January 6 1 . 5 ! 2 1 5 . 3 1 5 6 . 3 5 6 . 6 66.X 3 0 2 . 9 3 6 8 . 9 3 2 5 . 0 8,.0 February P 6 1 . 8 2 0 7 . 9 1 5 1 . 0 5 4 . 5 6 5 . 9 3 0 7 , 9 3 7 3 . 8 3 2 7 . 2 6 , 5

Week end ing 1974—February 6 i 6 1 . 7 2 0 8 . 9 1 5 2 . 0 5 4 . 6 6 6 . 2 3 0 5 . 9 372.X 8 . 7

13 1 6 2 . 1 2 0 7 . 7 1 5 0 . 7 5 4 . 8 6 6 . 2 3 0 7 . 3 3 7 3 . 4 6 , 0 20 ! 6 2 . 0 2 0 9 . 0 1 5 2 . 0 5 4 . 7 6 5 . 7 3 0 8 . 3 j 3 7 3 . 9 5 . 1 27p 6 1 . 3 2 0 5 . 8 1 4 9 . 6 5 4 . 0 6 5 . 8 r 3 0 9 . 6 3 7 5 , 3 6 . 6

March 6p 6 2 . 4 2 1 0 . 4 1 5 3 . 3 5 4 . 8 6 5 . 9 3 1 0 . 1 3 7 6 . 0 6 . 6 1 3 P 6 2 . 9 2 0 9 . 5 1 5 2 . 1 5 5 , 1 6 6 . 5 3 1 1 . 1 3 7 7 . 6 4 , 3

1 / Totdi depot ts t etude n addition to the member and domestic nonmember deposits shown deposits due to foreign and international institutions at F R 8anki and fv^ type balances at agencies and'branches of foreign banks

2 Sated on mott recent call report tingle day Observations

3 / includes negotiable t me cert f cates o* depos t$ issued in denominations of $100 000 or more by large weekly reporting commercial bank*

4 / Average of beg nn ng and end of month deposits at mutual savings banks and savings and loan shares 5 / U S Government demand deuosns at JH commercial banks R e V ? / 7 4

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