Full text of H.6 Money Stock Measures : December 21, 2000

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FEDERAL RESERVE statistical release
H.6 (508)
Table 1

**f'W

MONEY STOCK AND DEBT MEASURES

For release at 4:30 p.m. Eastern Time

Billions of dollars

December 21,200 0

Date

M22

M33

DEBT4

Seasonally adjusted
1998-Dec.

1097.4

4380.6

5994.0

16276.0

1999-J a n .
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1096.0
1094.3
1101.4
1107.2
1101.
1100
1099.
1098.
1096.
1109.
1 12 3.

4406.0
4432.2
4449.1
4476.4
4498.9
4516.9
4539.7
4557.5
4576.8
4594.6
4614.6
4643.7

6026
6075
6086
6123
6155
6187
6211.8
6231.4
6259.9
6312.9
6393.7
6489.8

16353
16436
16560
16677
16763
16845
16917.8
17014.8
17121.4
17204.3
17272.9
17376.7

2000-Jan.
Feb.
Mar.
Apr.
May
June
J ul y
Aug.
Sep.
Oct.
Nov. p

1118.9
1104.5
1110.4
1115.1
1105.9
1104.7
1104.9
1101.5
1096.7
1100.9
1091.1

4668.8
4682.0
4720
4762
4761
4776
4790
4821.3
4857.5
4876.0
4887.1

6537.7
6560.9
6639.8
6691.7
6 714..1
6 75 7..5
6 8 0 7 ..2
6 863..3
691 3..4
6 9 3 6..3
69 5 5 ..0

17452.7
17509.7
17619.5
17719.2
17795.4
17876.1
17939.9
17999.1
18074.5
18115.0

.

110 1

.

Not seasonally adjusted
1998-Dec.

1121.3

4405.8

6023.9

162 71. 3

1999-J a n .
Feb.
Mar.
Apr.
May
June
Jul y
Aug.
Sep.
Oct.
Nov.
Dec.

1103.9
1085.2
1097.4
1113.5
1096.3
1098.2
1097.6
1093.5
1087.3
1095.4
1113.0
1147 .4

4416.5
4427.3
4466.6
4514.1
4475.1
4 501. 4
4525.7
4547.6
4560.5
4579.9
4616.9
4671.9

6040.9
6089.5
6114.4
6159.1
6136.8
6 167. 4
6 178. 5
6209.3
6229.8
6292.2
6405.4
6525.0

163 43. 3
16418.9
16550.9
16647.0
16704.1
16782.3
16850.8
16954.8
17064.8
171 52. 7
172 49. 7
173 72. 0

2000-Jan.

1125.5
1096.0
1107.2
1123.8
1099.7
1102.3
1103.7
1095.3
1089.3
1092.8
1094 . 3

4679.3
4680.1
4740.9
4807.8
4732.9
4757.2
4775.3
4808.0
4843.4
4857.8
4889.5

6554.4
6581.0
6673.5
6735.6
6692.3
6733.9
6766.8
6834.9
6881.0
6907.8
6969.3

17447 .2
17498.7
1 76 12. 9
17690.3
17734.3
17809.8
17868.5
17935.7
180 15. 7
18064.7 p

Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov. p

Footnotes appear on the following page
p preliminary
Components may not add to totals due to rounding.



Page 2

H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

1.

M3

nr

5.3

7.2

4.5

-1.7

5.9

8.8

-3.3

6.3

6.9

2 00 0 TO Nov.

20 00

-3.8

6 Months from May

2 0 00 TO Nov.

20 00

-2.7

12 Months from Nov.

1999 TO Nov.

2000

5.3

2000

June

12 , 2000 (26 weeks previ ous )

-2.8

5.2

7.5

Dec.

13,

(52 weeks previ ous )

-0.9

6.0

9.4

1999

DEBT1

T7"

3 Months from Aug.

T hi r t ee n weeks endi ng December 11 ,
from t h i r t e e n weeks endi ng:
S e p . 1 1 , 2000 (13 weeks p re vi ous )

M2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, July 2000 to October 2000, April 2000 to October 2000,
and October 1999 to October 2000, respectively.______________________ _______________________________________________

Footnotes to Table 1:
1.

2.

3.

4.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service
(ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted M1 is calculated by summing
currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
Consists of M1 plus savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—in amounts of less
than $100,000), and balances in retail money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money
market funds. Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail money fund balances, each seasonally
adjusted separately, and adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overnight and term) issued by all
depository institutions, and Eurodollars (overnight and term) held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United
Kingdom and Canada. Excludes amounts held by depository institutions, the U.S. government, money funds, and foreign banks and official institutions. Seasonally adjusted
M3 is calculated by summing large time deposits, institutional money fund balances, RP liabilities, and Eurodollars, each seasonally adjusted separately, and adding this
result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board’s flow of funds accounts, are break-adjusted (that is, discontinuities in the
data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the debt
data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published levels of
credit market debt are measured on a quarter-end basis and contain discontinuities.
Note: Current and historical H.6 data are available each week on the Federal Reserve Board's web site (http://www.federalreserve.gov/). Monthly data are available back to
January 1959, and weekly data are available back to January 1975 for most series. For information about individual copies or subscriptions, contact Publications Services
at the Federal Reserve Board (phone 202-452-3245, fax 202-728-5886). For paid electronic access to current and historical data, call STAT-USA at 1-800-782-8872 or
202-482-1986.




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H.6 (508)
Table 3

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•

Pa9® 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending
2 0 0 0-S ep .

Oct .

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

18
25

1102.4
1 101. 7

1100.6
1096.3

1092.0
1096.2

4812.1
4818.5

4846.3
4853.0

4864.6
4860.1

6841.7
6853.6

6895.5
6907.3

6928.7
6920.6

2

1100.4
1099.2
1099.0
1099.1
1099.5

1100.1

1 11 0 . 3
1086.5
1 09 5 . 5
1104.9
1 11 3 . 5

4825.1
4831.5
4838.4
4844.9
4850.8

4861.2
4867.1
4871.0
4875.8
4875.0

4874.1
4869.7
4880.2
4879.2
4871.0

6864.7
6875.3
6885.3
6895.1
6903.4

6918.5
6925.7
6930.0
6936.3
6935.8

6931.5
6922.0
6945.8
6945 .7
6929.6

27

1099.5
1098.4
1097.5
1096 . 8

1095.9
1 092. 9
1090.5

1088. 3
1076.8
1092.9
1104.1

4856.4
4861.8
4866.2
4871.2

4878.0
4876.9
4878.1
4884.8

4881.4
4876.0
4884.1
4897.7

6911.7
6919.3
6925.1
6931.8

6943.0
6944.2
6944.7
6952.4

6950.8
6950.8
6947 .4
6960.4

4p
lip

1095.4
1094.2

1 09 0. 9
1090.1

1089.9
1073. 5

4876.1
4881.2

4890.9
4899.7

4905.6
4911.4

6938.8
6946.7

6959.2
6970.5

6978.2
6995.9

6
13

20
Dec.

M3

4-week
average

9
16
23
30
Nov.

M2

13-week
average

1097.1
1096.3
1097.1
1099.3

1100.6

Not seasonally adjusted
2 00 0-S ep .. 18
25

1098.5
1097.2

1094. 8
1 089. 3

1085.0
1081.9

4798.5
4804.8

4841.3
4842.8

4857.1
4802.9

6809.2
6820.4

6877.7
6880.8

6904.1
6842.1

2

1094.9
1092.8
1092.3
1092.1
1092 .1

1089.0
1087 . 8
1088.0
1090.4
1090.9

1103 .9
1080.2
1086.1
1091.5
1105.8

4810.2
4815.7
4823.4
4830.3
4835.9

4840.4
4841.1
4846.0
4856.9
4856.8

4834.8
4869.4
4876.7
4846.8
4834.1

6830.6
6841.1
6853.0
6864.4
6873.9

6878.2
6880.0
6902.6
6908.0

6865.2
6908.6
6930.3
6906.2
6887.0

27

1092.3
1091.6
1091.4
1092.1

1 093. 4
1090.8
1091.3
1093.1

1 090. 1
1075. 6
1093.7
1113. 0

4841.2
4847.2
4853.1
4860.5

4860.9
4863.4
4873.6
4888.4

4885.8
4886.7
4887.9
4893.0

6883.1
6893.1
6903.0
6914.3

6919.1
6929.0
6943.8
6966.5

6952.9
6969.8
6965.5
6977.9

4p
HP

1092.2
1092.3

1097.2

1106.4
1086 .7

4867.1
4873.1

4899.7
4914.1

4931.0
4944.3

6925.7
6937.7

6984.1
7005.9

7023.3
7056.8

Oct.

9
16
23
30
Nov.

6
13

20
Dec.

1100.0

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision,
p
p re lim in a ry d a ta .
C o m p o n e n ts m a y not a d d to to ta ls d u e to ro u nding.




6886.6

Page 4
H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Other checkable deposits
At commercial banks4

At thrift
institutions5

Total

4 87.3
491.2
495.3

9.1
8.9
8.7

360.1
356.6
351.3

138.1
137.0
136.5

104.9
105.0
104.3

243.0
242.0
240.8

Oct.
Nov.
Dec.

499.3
504 .2
5 15 . 5

8.4
8.3

353 .4
356.0
355 .2

136.4
137.6
141.3

103.9
103.6
102.7

240.3
241.2
244.0

2000-Jan.
Feb.
Mar.

523.8
517.2
515.4

8.2
8.1
8.2

343.8
338.2
343.2

141.6
137.5
137.1

101.4
103.6
106.5

243.1
241.1
243.6

Apr.
May
June

516.5
518.5
5 20.8

8.2
8.3
8. 8

342.2
336.2
333.3

140.1
135.7
134.2

108.0
107.1
107.5

248.2
242.9
241.8

J ul y
Aug.
Sep.

5 22.3
523 .0
524 .0

9.3
9.2
8. 8

333 .3
328.3
324 .9

132.1
133.1
131.6

107.9
107.9
107.4

240.0
241.0
239.0

Oct.
Nov. p

525 .9
526 .5

8.4

8.0

325.7
317.3

134.1
133.1

106.8
106.1

240.9
239.2

525.2
526.6
526.5

8.4
8. 3
8. 3

323.0
3 28.4
333 .8

132.0
136.0
139.1

106.9
105.6
105.8

238.9
241.5
244.9

8.2
8.1
8.0

27

525 .5
525 .9
527 .2
527.1

7.9

3 15.4
307 .5
318.4
3 26.8

131.4
129.2
133.6
136.6

107.9
106.0
105.7
105.6

239.2
235.3
239.3
242.2

4p
lip

525.2
526.8

7.9
7.9

315.1
303 .4

135.4
130.1

106.3
105.3

241.7
235.5

Nov.

16
23
30

6
13

20
Dec.

4.
5.

Demand deposits3

1999-J ul y
Aug.
Sep.

Week endina
2000-0ct.

1.
2.
3.

Travelers checks2

Currency1

Date

8.2

e

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e estimated
p preliminary
Components may not add to totals due to rounding.


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

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Page 5

H.6 (508)
Table 5

SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Savings deposits1
Date

At commercial
banks

Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

1999-J ul y
Aug.
Sep.

1264 .3
1274 .0
1285.7

453.8
455 .7
455 .8

1718. 1
172 9 . 7
1741.5

617.3
618.9
622.1

314.2
314.5
315.5

931.5
933.4
937.6

790.6
795.7
801.6

3440.2
3458.7
3480.7

Oct.
Nov.
Dec.

1289.7
1289.0
1285.7

453 .4
451.8
448.8

1743.2
174 0 . 9
173 4 . 5

625.6
630.3
634 .6

316.7
318.9
320.6

942.3
949.2
955.2

807.7
815.0
831.0

3493.2
3505.0
3520.7

2000-J a n .
Feb.
Mar.

1288 .4
1302.1
1309.2

447 . 1
449 .3
451.8

1735.5
1751.4
1760. 9

639.1
644.9
650.6

323.1
324.4
325.8

962.3
969.2
976.3

852.1
856.9
872.4

3549.9
3577.5
3609.7

Apr.
May
June

1325.4
1322.8
1330.8

449.0
453 .2
452 .6

1774.4
1776.0
1783.4

659.8
665.7
675.5

325.4
327.3
329.8

985.1
993 .0
1005.2

887.8
883.2

3647.3
3655.1
3671.8

J ul y
Aug.
Sep.

1342.3
1358.9
1384.1

452.1
454 .3
455 .3

1794.4
1813.2
1839.4

680.6

686.2
688.6

333.2
337 .6
340.1

1013.8
1023.8
1028.7

877.8
882.8
892.7

3686.0
3719.8
3760.8

p

1385.8
1397.9

455.5
454 .7

1841. 3
1852. 5

6 89.4
692.8

342.5
345 .0

1031.9
1037.8

901.9
905.7

3775.1
3796.0

16
23
30

1394.0
1379.7
1367.0

455.3
455.8
454 .7

1849.3
1835. 5
1821.7

688.9
689.6
690.5

342.2
343 .0
343.3

1031.1
1032.5
1033.9

904.1
906.3
902.0

3784.6
3774.3
3757.6

6
27

1405.2
1402.9
1396.0
1387.7

454 .9
453.4
453 .8
455 .2

1860.0
1856.3
1849. 8
1843. 0

692.3
692.6
692.7
693.2

344.2
344.8
345.2
345.5

1036.5
1037.4
1037.9
1038.6

896.6
905.5
903.6
912.0

3793.1
3799.3
3791.2
3793.6

4p
li p

1408.0
1424.6

453.8
453.6

1861. 8
1878.1

693.9
695.7

345.6
346.1

1039.5
1041.9

914.4
917.9

3815.7
3837.9

Oct.
Nov.

Week endina
2000-0c t .

Nov.

13

20
Dec.

1.
2.

At thrift
institutions

Small-denomination time deposits2

886.1

Savings deposits include money market deposit accounts.
Small-denomination time deposits— including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p
preliminary
Components may not add to totals due to rounding.



Page 6
H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars
Institutional
money funds

Date

Large-denomination time deposits1
RPs3
At commercial
banks2

At thrift
institutions

88.8

Eurodollars4

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

1999-Jul y
Aug.
Sep.

569.9
578.0
582.0

537.3
533 .6
539 .7

89.6
89.6

626.1
623.2
629.3

313.2
314.8
316.0

163.0
158.0
155.8

1672.1
1673.9
1683 .0

3709.8
3713.8
3701.9

13208.0
13301.0
13419.5

Oct.
Nov.
Dec.

592.8
609.0
625.0

563.4
588.5
614.0

89.5
91.0
91.5

652.9
679.5
705.4

317.8
328.0
344.3

154.8
162.6
171.3

1718.3
1779.1
1846.1

3683.8
3659.0
3660.2

13520.5
13613.9
13716.5

200 0-Jan.
Feb.
Mar.

641.2
635.1
658.6

617.9
619.1
626.1

94.4
95.1
95.1

712.3
714.2
721.3

339.9
354 .5
351.3

1 75.4
175.0
188.5

1868.9
1878.9
1919.7

3645.7
3608.0
3616.4

13807.0
13901.7
14003.2

Apr.
May
June

658.2
667.6
676.1

644.2
644.8
654 .7

94.8
93.8
95.6

739.0
738.6
750.3

348 .7
358.3
367 .0

1 83.5
188.5
187.6

1929.4
1953.1
1981.0

3600.2
3546.0
3521.2

14118.9
14249.3
14354.9

July
Aug.
Sep.

705.0
721.0
740.4

660 .8
670 . 5
660.4

97 .4
99 . 1
99.6

758.2
769 .5
760.0

368 .6
363 . 1
362.0

1 84.5
188.3
193.5

2016.3
2042.0
2055.9

3510.2
3488.9
3475.0

14429.7
14510.2
14599.5

Oct.
Nov. p

744.5
751.4

655 .3
662.9

101.4
103.1

756.7
766.0

362.0
354 .4

197.1
196.0

2060.3
2067.9

3445.9 p

14669.2

753 . 1
745.1
739.9

653 .8
655 .8
657 .2

101.4
101.9
102.3

755 . 1
757 .7
759 .5

360.8
362.9
363 .2

196.6

200.8
195.9

2065.7
2066.5
2058.5

661.1
663 . 1

102.6

27

748.3
752.7
750.6
751.1

661.0

103.2
103.1
103.4

763.7
766.3
769.1
764.4

361.9
358 .5
348.0
350.9

195.5
197.2
195.6
196.3

2069.4
2074.8
2063.3
2062.7

4p
HP

757.4
754.3

663.7
671.7

103.4
103.4

767.1
775.1

353.6
360.4

194.5
194.6

2072.7
2084.5

Week endina
2000-0c t .

16
23
30

6

Nov.

13

20
Dec.

1.
2.

666.0

5.

Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and
official institutions.
Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada,
excluding those held by depository institutions and by money funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p

preliminary

3.
4.

DigitizedComponents
for FRASER may not add to totals du$ to rounding.


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Page 7

H.6 (508)
Table 7

NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Date

Currency1

Travelers checks2

Other checkable deposits

Demand deposits3
At commercial banks4

1999-J uly
Aug.
Sep.

487 .7
490.2
493.3

8.6

Oct.
Nov.
Dec.

2000-Jan.

8.5

136.8
135.6
135.2

104.4
103.9
103.0

241.3
239.5
238.2

498 .4
505 . 1
521.2

8.4
8.3
8.4

350.8
359.4
371.2

135.0
137.0
1 42 . 4

102.8
103.4
104.3

237.8
240.3
246.6

Feb.
Ma r .

522.6
516.2
515.6

8.4
8.3
8.3

348.4
331.8
338.7

143.8
1 37.3
137.7

102.3
102.5
106.9

246.1
239.8
244.6

Apr.
May
June

516.9
518.1
520.3

8.3
8.4
8.7

344.8
331.0
331.4

142.9
135.5
134.4

110.9
106.7
107.6

253.8
242.2
242.0

J uly
Aug.
Sep.

522 .4
521.6
522.4

8. 9
8. 9
8.7

334 . 1
326.3
321.7

130.9
131.8
130.3

107.5
106.6
106.1

238.4
238.4
236.4

Oct.
Nov. p

524.2
527.5

8.2

322.1
320.3

132.7
132.5

105.5
105.9

238.2
238.3

524 . 0
523 .7
523 .4

8.4
8.3
8.3

318.6
321.6
331.6

129.9
134.2
138.6

105.2
103.5
104.0

235.1
237 .7
242.5

8.2
8.2
8.1

27

526 .4
527 . 1
527 .2
529.4

316.0
307 .4
320.9
333.9

1 30.6
127.7
132.6
136.8

108.8
105.2
104.8
104.8

239.4
232.9
237.4
241.6

4p
lip

528.5
531.0

8.0
8.0 e

325.9
312.2

135.4
129.3

108.6
106.1

244.0
235.4

16
23
30

6
13

20
Dec.

8.4

00

Nov.

4.
5.

Total

359 .9
355 .2
347.2

Week endina
2000-0c t .

2.
3.

8.7

At thrift
institutions5

Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e
estimated
p
preliminary
Components may not add to totals due to rounding.



Page 8
H.6 (508)
Table 8

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Small-denomination time deposits2

Savings deposits1
Date

At commercial
banks

Total

At commercial
banks

At thrift
institutions

Total

Total
Non-M1 M2

1999-J ul y
Aug.
Sep.

1265.7
1272.5
1282.0

454.3
455.1
454.4

1720.0
1727 .6
1736.4

615.5
617.2
621.5

313.2
313.7
315.2

928.7
930.9
936.7

779.4
795.5
800.1

3428.1
3454.0
3473.2

Oct.
Nov.
Dec.

1285.1
1288.7
1288.5

451.8
451.7
449.8

1736.9
1740.4
1738.3

626.6
631.8
635.4

3 17.2
319.7
321.0

943.8
951.5
956.4

803.8
812.1
829.7

3484.5
3503.9
3524.5

2000-Jan.
Feb.
Mar.

1286.6
1294.7
1311.9

446.5
446.8
452.7

1733.1
1741.4
1764.6

640.8
647.4
652.6

324.0
325.6
326.8

964.7
973.0
979.3

855.9
869.6
889.8

3553.7
3584.0
3633.7

Apr.
May
June

1341.7
1318.0
1331.6

454 .5
451.6
452.9

1796.2
1769.5
1784.6

660.4
663.4
671.3

325.7
326.2
327.7

986.1
989.6
999.0

901.7
874.1
871.3

3684.0
3633.2
3654.9

J uly
Aug.
Sep.

1344.2
1356.5
1381.1

452.7
453.5
454.3

1796.9
1810.0
1835.5

678.3
684 .2
687 .9

332.1
336.6
339.8

1010.3
1027.8

864.3
881.9
890.9

3671.5
3712.7
3754.1

Oct.
Nov. p

1380.0
1397.4

453.6
454 .5

1833.6
1851.9

690.7
694.8

343.2
346.0

1033.8
1040.8

897.5
902.4

3765.0
3795.1

1398.8
1366.6
1347.8

456.8
451.5
448 . 3

1855.6
1818.0
1796 . 1

690.2
690.9
691.8

342.9
343.6
344 .0

1033.1
1034.5
1035.7

901.9
902.8
896.4

3790.6
3755.3
3728.3

27

1410.3
1413.1
1398.2
1375.5

456.5
456.7
454 .5
451.2

1866.9
1869.8
1852.7
1826.7

694 .0
694.6
694.8
695.3

345.0
345.8
346.2
346.5

1039.0
1040.4
1041.0
1041.8

889.9
901.0
900.6
911.5

3795.8
3811.1
3794.3
3780.0

4p
li p

1413.0
1435.9

455.4
457 .2

1868.4
1893.0

695.9
697.4

346.6
347.0

1042.6
1044.4

913.6
920.3

3824.6
3857.7

Week endina
2000-0c t . 16
23
30
Nov.

6
13

20
Dec.

1.
2.

At thrift
institutions

Retail
money
funds

1020.8

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p
preliminary
Components may not add to totals due to rounding.



*

1

Page 9

H.6 (508)
Table 9

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars
Institutional
money funds

Date

Total

At commercial
banks

1999-J u l y
Aug.
Sep.

554 .0
568.9
567.9

537.9
532 .2
542 .0

88.9
89.4
89.9

626.8
6 21.6
6 31.9

248.9
250.4
248.8

62.3
63.9
66.3

311.2
314.3
315.1

160.9
156.9
154.4

Oct.
Nov.
Dec.

585.9
612.1
636.9

567 .7
591.5
612.1

90.2
91.5
91.2

657.9
683.0
703.3

2 48.9
265.1
274.8

66.2
65.5
6 4. 7

315.1
330.6
339.5

2000-J a n .
Feb.
Mar.

656.3
658.8
668.7

609.0
614.7
626.3

93.1
94.4
9 5. 2

702.0
709.1
721.5

274.3
292.4
292.5

65.9
64.1
61.6

Apr.
May
June

658.4
662.8
668.7

644.0
649.4
656.3

94 .7
94. 4
95. 8

738.7
743.9
752 .1

286.3
300.5
306.1

July
Aug.
Sep.

684 . 3
709.5
721.5

661.5
668 . 6

97 . 5
98.8

663 .3

100.1

759 .0
767 .4
763 .4

Oct.
Nov. p

734.7
755 . 9

659.8
666.2

102.
103.

741.6
740.6
734.8

659.0
659.3
658.1

102.2

27

743.9
7 5 3 .9
755.8
761.8

4p
li p

771.4
778.0

6
13

20
Dec.

5.

Eurodollars4
At thrift
institutions

Nov.

3.
4.

RPs3

At commercial
banks2

Week ending
-Oct. 16
23
30

1.
2.

Large-denomination time deposits1

At thrift
institutions

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

1652.8
1661.7
1669.3

3652. 2
3665. 8
3655. 8

13198.7
13289.0
13408.9

153.4
162.8
173.4

1712.3
1788.5
1853.1

3635. 5
3641.7
3663.1

13517.2
13608.0
13709.0

340.2
356.5
354.1

176.6
176.5
188.4

1875.1
1900.9
1932.6

3639.0
3605. 4
3633. 6

13808. 1
13893.3
13979.3

61.0
62.2
62.0

347.3
362.7
368.1

183.4
190.1
187.9

1927.8
1959.4
1976.8

3597.2
3514.0
3475. 5

14093.2
14220.4
14334.3

303 . 1
297.7
296.0

62.8
65.1
64.9

365 .9
362.8
360.9

182.4
187.3
191.8

1 991,
2 0 2 7,
2 0 3 7,

3448. 3
3437. 7
3426. 5

14420.2
14498. 1
14589.2

761.9
769.8

294.3
294.5

64.
63.

358.3
357.6

195.1
196.6

2050.0
2079.9

3395. 5 p

14669.2 p

102.4
102.5

761.2
761.7
760 .6

292.8
295.1
297.8

63.8
64.0
63.8

356.6
359.1
361.6

194.2
197.9
195.9

2053.6
2059.4
2052.9

664 .7
667.3
668.9
664.3

103.2
103.8
103.6
103.9

767 .8
771.2
772.5
768 .2

299.3
299.2
289.3
291.6

6 2. 7
62.6
63.7
63.5

362.0
361.8
353.0
355.0

193.3
196.3
196.3
199.8

2067.0
2083.1
2077.5
2084.8

665.2
673.6

103.6
103.7

768 .8
777.3

293.1
297.3

62.1
63.1

355.3
360.4

196.9
196.9

2092.3
2112.5

Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities
Large-denomination time deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government and foreiqn banks and
official institutions.
’
Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds
Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kinqdom and Canada
excluding those held by depository institutions and by money funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p
preliminary
Components
 may not add to totals due to rounding.


I l.u

f

Table 10

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits
at banks due to
Date

Foreign
commercial
banks

Foreign
official
institutions

Time and
savings
deposits
due to
foreign
banks and
official
institutions

U.S. government deposits
Balance
at
Federal
Reserve

1.3
1.3
2.5

5.2
5.1
6.4

27.2
9.2
29.3

3 3. 7
1 5. 5
38.2

4.1
4.3
4.5

150.8
150.7
150.6

1.4

5.2
5.1
8.3

28.6

35.2
1 4. 3
48.7

4.7
5.0
5.3

8.1

52.5
24.3
14.1

63.5
30.8

Note
balances at
depository
institutions1

At
money
market
funds

Total

96.2
96.0
95.8

131.3
134.8
138.2

378.3
381.4
384.5

150.1
149.3
148.5

95.6
95.3
95.1

140.2
140.8
141.4

3 85 . 8
385.4
384.9

5. 4
5. 4
5.5

148.0
148.0
147.9

94.6
93.8
93.0

141.9
142.5
143.1

384.5
384.3
384.0

4 5. 6

5.5
5.6
5. 7

148.7
150.2
151.7

92.6
92.5
92.5

143.6 e
144.1 e
144.6 e

384.9 e
386.8 e
388.8 e

5.8

6.0
6.2

153.1
154.3
155.5

92.6
92.8
93.1

144.9 e
145.1 e
145.3 e

390.6 e
392.3 e
393.9 e

6.2 e
6.2 e

156.5 e
157.3 e

93.3
93.4

145.4 e
145.6 e

395.3 e
396.4 e

Total
cash
balance

8.2
8.2
8.2

1.6

Oct.
Nov.
Dec.

8.5
9.1
9.7

1.3
1.4
1.4

24.8
27.4
30.1

2000-Jan.

9.7
9.3

1.4
1.3

2.8
1.2

8.8

1.2

30.6
29.2
27.9

Apr.
May
June

8.7
9.1
9.4

1.2
1.2

27.7
28.6
29.5

5.0
1.5
2.3

8. 4
7.1

J ul y
Aug.
Sep.

9.2

1.3

8.6
8.0

1.2
1.2

29.8
29. 5
29.2

1.2
1.1
2.5

5. 2
5.0
6. 7

22.0

4 3. 8
1 5. 7
31.1

Oct.
Nov. p

7.7
7.7

1.1 e
1.1 e

29.1 e
29.1 e

5. 3
5.1

1 3. 2

20.0

1.2

10.6

1 6. 9

1.7
1.4
1.3

5. 3
5. 4
5.0

4.2
1 7. 8
23.4

24.6
29.6

1.2
1.0

1 7. 8
7.6
5.2
1 0. 9

24.0
14.1

11.0

17.1
1 2. 7

Feb.
Mar.

Week endina
2000-0c t .

Nov.

1 8. 7
20.7

22.6

1.3

e
e

1.2
1.4

27

1.3
1.3

5.1
5. 5
5.1
5.0

4p
li p

1.1
1.1

5.0
5. 4

6
20

Dec.

39.0

40.0
57.5
37.0

6.2

1.4

13

8.0

5. 3
5. 3

1.3

16
23
30

Time and
savings
deposits at
commercial
banks

Demand
deposits at
commercial
banks

1999-Jul y
Aug.
Sep.

1.4
1.3

IRA and Keogh Accounts

3 7. 4
9.5

6.3

20.8
5 3. 3

66.0

At
commercial
banks

At
thrift
institutions

e
e

11.2

11.6
17.1

1. Source: Daily Treasury statement,
e estimated
p preliminary
Components may not add to totals due to rounding.


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

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