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MONEY SUPPLY, CREDIT, AND FINANCE

TABLE C-40.—Money supply, 1947-60

[Averages of daily figures, billions of dollars]

Period

1947: December1948: December1949: December

1950: December1951: December1952: December1953: December1954: December

1955: December1956: December1957: December1958: December....1959: December

1960: December 3 _ _

1959: JanuaryFebruaryMarchAprilMayJune-. .„ „

JulyAugustSeptember. __OctoberNovember. _ _December

1960: JanuaryFebruaryMarchAprilMayJune .

July. ...AugustSeptember. _ _OctoberNovember. . .December s _ _

Money supply

Seasonally adjusted

Total

112.3110.7110.1

115.3122.0126.5128.1131.8

134.6136.5135.5140.8141.5

140.4

141.2141.6142,0142.1142.6142.8

143.3142.7142.8142.4142.2141.5

141.3141.0140.6140.5139.9139.4

139.6139.7140.4140.6140.2140.4

Currencyoutsidebanks

26.425.825.2

25.026.227.427.727.4

27.828.228.328.628.9

29.0

28.728.728.828.828.929.0

29.029.029.029.029.028.9

29.029.029.029.129.028.9

28.928.929.029.029.029.0

Demanddepos-its 12

85.884.985.0

90.395.899.1

100.4104.4

106.8108.3107.2112.2112.6

111.4

112.5112.9113.2113.3113.7113.8

114.3113.7113.8113.4113.2112.6

112.3112.1111.6111.4110.9110.5

110.7110.8111.5111.6111.2111.4

Unadjusted

Total

115.0113.3112.7

118.1125,1129.8131.4135.0

137.9139.7138.8144.3144.9

143.9

144.4141.4140.7141.8140.7141.4

142.2141.8142.1142.3143.3144.9

144.4140.8139.3140.1138.0138.0

138.7138.9139.7140.6141.4143.9


26.826.125.5

25.426.627.828.227.9

28.328.728.929.229.5

29.5

28.628.428.528.528.728.9

29.229.229.129.029.229.5

28.828.628.728.828.829.0

29.129.029.129.129.229.5

Demanddepos-its 12

88.287.287.3

92.798.6

102.0103.3107.1

109.6111.0109.9115.1115.5

114.3

115.8113.1112.3113.3112.0112.5

113.0112.6113.0113.3114.1115.5

115.6112.2110.6111.4109.2109.1

109.6109.8110.7111.5112.2114.3

Deposits at member banks(unadjusted) 2

Demand

74.673.974.2

79.083.686.286.990.5

92.493.292.196.095.7

94.2

96.694.493.994.793.594.0

94.393.893.893.994.595.7

95.692.891.692.390.490.4

90.791.091.692.092.394.2

Time

28.228.629.1

29.430.733.135.839.1

40.341.745.952.753.7

58.1

53.553.653.954.354.654.8

54.854.654.554.453.853.7

53.753.553.854.254.554.9

55.556.256.957.457.658.1

U.S.Govern-ment

0.81.62.5

2.12.54.53.54.6

3.03.03.13.44.4

4.1

2.83.93.34.24.73.5

4.44.54.64.34.24.4

3.63.63.83.35.85.7

6.05.54.85.15.24.1

i Demand deposits at all commercial banks ^member and nonmember).a Member banks are all national banks and those State banks which have taken membership in the

Federal Reserve System.» Preliminary.NOTE.—These are the new series as published in Federal Reserve Bulletin, October 1960.Between January and August 1959, the series were expanded to include data for all banks in Alaska

and Hawaii.Source: Board of Governors of the Federal Reserve System.

174

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

1961

MONEY SUPPLY, CREDIT, AND FINANCETABLE B-44.—Money supply, 1947-61


Year and month

1947: December..1948: December..1949: December..

1950: December.,.1951: December. _1952: December..1953: December..1954: December..

1955: December. .1956: December..1957: December.-1958: December..1959: December..

1960: December..1961: December 2_

1960: January _February.MarchAprilMayJune

JulyAugustSeptember-OctoberNovember..December..

1961: January..February.MarchAprilMayJune

JulyAugustSeptember. _OctoberNovember..December 2.

Money supply

Seasonally adjusted

Total

112.3110.7110.1

115.3122.0126.5128.1131.8

134.6136.5135.5140.8141.5

140.4144.9

141.3141.0140.6140.5139.9139.4

139.6139.7140.4140.6140.2140.4

140.6141.2141.5142.0142.0142.1

142.0141.8143.0143.7144.1144.9


26.425.825.2

25.026.227.427.727.4

27.828.228.328.628.9

29.029.5

29.029.029.029.129.028.9

28.928.929.029.029.029.0

28.928.929.029.029.028.9

29.029.029.229.329.429.5

Demanddepos-its i

85.884.985.0

90.395.899.1

100.4104.4

106. 8108.3107.2112.2112.6

111.4115.4

112.3112.1111.6111.4110.9110.5

110.7110.8111.5111.6111.2111.4

111.7112.3112.6113.0113.0113.2

113.0112.8113.8114.4114.6115.4

Unadjusted

Total

115.0113.3112.7

118.1125.1129.8131.4135.0

137.9139.7138.8144.3144.9

143.8148.5

144.4140.8139.3140.1138.0138.0

138.7138.9139.7140.6141.4143.8

143.7140.9140.1141.7140.0140.7

141.1141.1142.4143.6145.3148.5


26.826.125.5

25.426.627.828.227.9

28.328.728.929.229.5

29.530.1

28.828.628.728.828.828.9

29.129.029.129.129.229.5

28.828.628.628.728.728.9

29.229.229.329.429.730. 1

Demanddepos-

i t s 1

88. 287.287.3

92.798.6

102.0103.3107.1

109.6111.0109.9115.1115.5

114.3118.4

115.6112.2110.6111.4109.2109.1

109.6109.8110.7111.5112.2114.3

114.9112.3111.4113.0111.3111.8

111.9111.9113.1114.2115.6118.4

Related deposits(unadjusted)

Grosstime

35.335.936.3

36.638.341.344.748.5

50.051.857.165.167.0

72.582.3

67.066.867.367.968.268.6

69.570.371.271.872.072.5

73.775.175.976.978.179.0

79.980.781.382.082.082.3

U.S.Govern-ment

1.01.82.8

2.42.74.93.85.0

3.43.43.53.94.9

4.74.9

4.14.14.33.76.36.3

6.76.15.45.75.84.7

4.14.84.72.94.64.5

4.35.55.26.55.84.9

1 Demand deposits at all commercial banks (member and nonmember).2 Preliminary.NOTE.—Between January and August 1959, the series were expanded to include data for all banks in

Alaska and Hawaii.Source: Board of Governors of the Federal Reserve System.

260


1962

MONEY SUPPLY, CREDIT, AND FINANCETABLE C-45.—Money supply, 1947-62


Year and month

Totalmoneysupply

andtime

depos-itsad-

justed

Money supply l

Total

Cur-rencycom-po-

nent

De-mand

depositcom-

ponent

Timede-

positsad-

just-

Totalmoneysupply

andtime

depos-itsad-

justed 2

Money supply J

Total

Cur-rencycom-pon-nent

De-manddepositcom-

ponent

I

Timede-

positsad-

just-ed 2

U.S.Gov-ern-

mentde-

mandde-

pos-its 3

Seasonally adjusted Unadjusted

1947: December. _.1948: December. __1949: December...

1950: December. _.1951: December.._1952: December.._1953: December...1954: December. _.

1955: December...1956: December. . .1957: December. . .1958: December..-1959: December. .-

1960: December . . .1961: December...1962: December4..

1961: JanuaryFebruaryMarchApril. -.May -.June

JulyAugustSeptember...OctoberNovember...December...

1962: JanuaryFebruaryMarchAprilMay.June.

JulyAugustSeptember..OctoberNovember._December 4.

148.5147.5147.5

152.9160.9168.6173.4180.7

185.4189.0193.4206.7209.4

213.9228.2245.3

215.1216.7217.8218.7220.2221.0

222.1222.7224.0225.5227.0228.2

230.0231.3233.1234.7235.2236.2

237.4237.6238.7240.8242.9245.3

113.1111.5111.2

116.2122.7127.4128.8132.3

135.2136.9135.9141.2142.0

141.2145.7147.9

141.4141.8142.2142.5142.8142.8

142.9142.9143.5144.2144.9145.7

145.9145.5145.7146.1145.7145.6

145.7145.1145.3146.1146.9147.9

26.425.825.1

25.026.127.327.727.4

27.828.228.328.628.9

28.929.630.6

29.028.928.928.928.929.0

29.029.129.229.329.429.6

29.729.729.930.030.030.1

30.230.230.230.330.530.6

86.785.886.0

91.296.5

100.1101. 1104.9

107.4108.7107.5112.6113.2

112.2116.1117.3

112.5112.9113.3113.5113.9113.9

113.9113.9114.3114.9115.5116.1

116.3115.8115.8116.0115.7115.4

115.5114.9115.1115.8116.4117.3

35.436.036.4

36.738.241.244.648.4

50.252.157.565.567.4

72.782.597.5

73.774.975.676.377.478.2

79.179.880.581.382.082.5

84.185.887.588.789.690.7

91.892.593.494.696.097.5

151.1150.0150.0

155.6163.8171.7176.4183.6

188.2191.7196.0209.3212.2

216.8231.2248.2

217.6216.3216.3218.9218.5219.8

221.2221.8224.0226.1227.8231.2

232.5230.7231.6235.1233.5235.1

236.6236.7238.8241.4243.6248.2

115.9114.3113.9

119.2125.8130.8132.1135.6

138.6140.3139.3144.7145.6

144.7149.4151.6

144.5141.6140.8142.5140.8141.3

141.6141.6143.1144.5146.3149.4

149.0145.3144.2146.2143.6144.0

144.3143.8145.0146.5148.2151.6

26.826.225.5

25.426.627.828.227.9

28.428.828.929.229.5

29.630.231.2

28.828.628.628.728.728.9

29.229.229.329.429.730.2

29.529.329.629.829.830.0

30.330.330.330.430.831.2

89.188.188.4

93.899.2

103.0103.9107.7

110.2111.5110.4115.5116. 1

115.2119.2120.4

115.6113.0112.2113.8112.1112.4

112.4112.4113.8115.1116.6119.2

119.5115.9114.6116.4113.8113.9

114.0113.5114.6116.1117.5120.4

35.135.736.1

36.438.040.944.248.0

49.651.456.764.666.6

72.181.896. 0

73.274.675.576.577.778.6

79.580.280.981.581.581.8

83.585.487.488.989.991.1

92.293.093.894.995.496.6

1.01.82.8

2.42.74.93.85.0

3.43.43.53.94.9

4.74.95.6

4.14.84.72.84.74.5

4.35.55.26.45.84.9

3.84.65.13.87.07.2

7.16.87.27.36.05.6

1 Money supply consists of (1) currency outside the Treasury, the Federal Reserve, and vaults of allcommercial banks; (2) demand deposits at all commercial banks, other than those due to domestic commer-cial banks and the U.S. Government, less cash items in process of collection and Federal Reserve float;and (3) foreign demand balances at Federal Reserve Banks.

2 Time deposits adjusted are time deposits at all commercial banks other than those due to domesticcommercial banks and the U.S. Government.

3 Deposits at all commercial banks.4 Preliminary.

NOTE.—Between January and August 1959, the series were expanded to include data for all banks inAlaska and Hawaii.

Source: Board of Governors of the Federal Reserve System.

226


1963

MONEY SUPPLY, CREDIT, AND FINANCETABLE C-45.—Money supply, 1947-63


Year and month

1947: December1948: December1949: December1950: December1951: December1952: December1953: December. . . .1954: December1955: December1956: December. . . .1957: December1958: December.1959: December1960: December1961: December1962: December1963: December*1962: January

FebruaryMarchApril -M a yJuneJuly . .AugustSeptember-_.OctoberNovember. . .December

1963: JanuaryFebruaryMarchApril _MayJuneJulyAugust.September. _OctoberNovember...December *__

Totalmoneysupply

andtime

depos-itsad-

justed

Money supply *

Total

Cur-rencycom-po-

nent

De-mand

depositcom-

ponent

Timede-

positsad-

just-ed a

Seasonally adjusted

148.5147.5147.5152.9160.9168.6173.4180.7185.4189.0193.4206.7209.4213.9228.2245.3265.0230.0231.3233.1234.7235.2236.2237.4237.6238.7240.8242.9245.3247.9248.9250.7252.0253.1254.3256.2257.3258.4260.9263.8265.0

113.1111.5111.2116.2122.7127.4128.8132.3135.2136.9135.9141.2142.0141.2145.7147.9153.3145.9145.5145.7146.1145.7145.6145.7145.1145.3146.1146.9147.9148.7148.6148.9149.4149.4149.8150.7150.5150.9152.0153.1153.3

26.425.825.125.026.127.327.727.427.828.228.328.628.928.929.630.632.429.729.729.930.030.030.130.230.230.230.330.530.630.730.931.131.231.331.631.631.831.832.032.332.4

86.785.886.091.296.5

100.1101.1104.9107.4108.7107.5112.6113.2112.2116.1117.3120.9116.3115.8115.8116.0115.7115.4115.5114.9115.1115.8116.4117.3118.1117.7117.8118.2118.1118.2119.1118.8119.1120.1120.9120.9

35.436.036.436.738.241.244.648.450.252.157.565.567.472.782.597.5

111.784.185.887.588.789.690.791.892.593.494.696.097.599.1

100.3101.8102.6103.7104.5105.5106.7107.6108.9110.7111.7

Total• H * /\Y*I ATTmoii6ysupply

andtime

depos-itsad-

justed 2

151.1150.0150.0155.6163.8171.7176.4183.6188.2191.7196.0209.3212.2216.8231.2248.2267.9232.5230.7231.6235.1233.5235.1236.6236.7238.8241.4243.6248.2250.3248.3249 1252.4251 3253.2255 3256.4258.6261.7264.5267.9

Money supply i

Total

1

115.9114.3113.9119.2125.8130.8132.1135.6138.6140.3139.3144.7145.6144.7149.4151.6157.2149.0145.3144.2146.2143.6144.0144.3143.8145.0146.5148.2151.6151.8148.3147 4149.5147.3148.2149 4149.1150.5152.4154.5157.2

Cur-rencycom-po-

nent

manddepositcom-

ponent

Unadjusted

26.826.225.525.426.627.828.227.928.428.828.929.229.529.630.231.233.129.529.329.629.829.830.030.330.330.330.430.831.230.530.530 830.931.131.431 831.932.032.132.633.1

89.188.188.493.899.2

103.0103.9107.7110.2111.5110.4115.5116.1115.2119.2120.4124.0119.5115.9114.6116.4113.8113.9114.0113.5114.6116.1117.5120.4121.3117.8116.7118.6116.2116.7117 6117.2118.6120.3121.9124.0

1

Timede-

positsad-

just-ed*

35.135.736.136.438.040.944.248.049.651.456.764.666.672.181.896.6

110.783.585.487.488.989.991.192.293.093.894.995.496.698.499.9

101.7102.9104.0105.0106 0107.3108.1109.3110.0110.7

U.S.Gov-ern-

mentde-

mandde-pos-i t s '

1.01.82.8

2.42.74.93.85.0

3.43.43.53.94.9

4; 74.95.65.33.84.65.13.87.07.2

7.16.87.27.36.05.6

4.85.65.94.27.07.4

7.76.26.55.34.65.3

1 Money supply consists of (1) currency outside the Treasury, the Federal Reserve, and vaults of allcommercial banks; (2) demand deposits at all commercial banks, other than those due to domestic commer-cial banks and the U.S. Government, less cash items in process of collection and Federal Reserve float;and (3) foreign demand balances at Federal Reserve Banks.

2 Time deposits adjusted are time deposits at all commercial banks other than those due to domesticcommercial banks and the U.S. Government.

* Deposits at all commercial banks.4 Preliminary.

NOTE.—Between January and August 1959, the series were expanded to include data for all banks inAlaska and Hawaii.

Source: Board of Governors of the Federal Reserve System.

262


1964

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