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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
Currencyoutsidebanks
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
[Averages of daily figures, billions of dollars]
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
Currencyoutsidebanks
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
Currencyoutsidebanks
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1962
MONEY SUPPLY, CREDIT, AND FINANCETABLE C-45.—Money supply, 1947-62
[Averages of daily figures, billions of dollars]
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1963
MONEY SUPPLY, CREDIT, AND FINANCETABLE C-45.—Money supply, 1947-63
[Averages of daily figures, billions of dollars]
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
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1964