Full text of H.6 Money Stock Measures : February 28, 2002

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

MONEY STOCK AND DEBT MEASURES

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

Billions of dollars
Date

February 28. 2002

M11

M22

M33

DEBT4

Seasonally adjusted
2 00 0 -Feb.

1108.4
1108.9

1099.1
1099.2
1091.7
1088.9

4690.9
4715.9
4752.4
4759.8
4781.3
4803.0
4837.1
4869.1
4886.7
4901.4
4942.4

6612.2
6672.8
6716.9
6749.2
6801.4
6855.6
6927.2
6984.7
7009.8
7034.8
7123.2

17491.0
17603.5
17702.0
17774.4
17860.9
17932.7
17994.2
18071.3
18119.0
18196.2
18282.4

2001-Jan.
F«b.
Mar.
Apr.
May
June
July
Aug.
8mp.
Oct.
Nov.
Dec.

1095.9
1098.9
1107.4
1109.8
1116.7
1125.5
1138.5
1147.2
1204.6
1161.7
1163.9
1178.6

4987.3
5025.8
5074.0
5114.9
5138.8
5183.4
5224.1
5265.4
5383.9
5372.5
5414.5
5454.8

7222.3
7287.5
7339.2
7441.9
7530.7
7615.3
7658.9
7676.1
7833.6
7880.8
7968.3
8036.8

18332.3
18409.2
18504.5
18585.6
18688.5
18783.7
18841.2
18946.9
19073.3
19165.1
19287.1
19399.8 p

2002-Jan.

1181.8

5464.6

8036.9

Mar.
Apr.
May
June
July
Aug.
S«p.
Oct.
Nov.
Dec.

1112.0

1106.0
1106.4
1105.2
1102.1

Not seasonally adjusted
2 0 0 0 -Feb.

Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1096.8
1108.1
1124.9
1100.4
1 102. 6

1104.0
1095.9
1090.5
1093.6
1093.3
1112.3

4685.6
4746.6
4814.7
4740.7
4765.4
4783.8
4816.4
4851.9
4863.8
4892.4
4966.0

6631.2
6726.2
6787.0
6742.7
6786.1
6816.7
6885.7
6934.9
6959.4
7024.6
7158.4

17476.8
17592.0
17668.1
17708.8
17789.8
17854.4
17919.1
17998.3
18057.1
18166.0
18273.5

7242.6
7314.6
7407.7
7523.7
7524.9
7600.6
7611.7
7627.0
7772.8
7817.2
7950.8
8075.0

18327.8
18399.0
18494.3
18545.1
18607.7
18698.3
18753.0
18861.3
18989.5
19086.7
19199.6
19328.1 p

8064.1

2001-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1099.6
1087.5
1107.4
1122.7

1202.8

4992.6
5021.6
5112.3
5184.7
5120.0
5169.8
5200.3
5241.4
5364.4
5343.9
5402.9
5479.7

2002-Jan.

1184.7

5468.1

1111.0

1123.0
1136.5
1141.8
1195.8
1156.1
1164.9

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

M2

M3

DEBT1

3 Months

from O c t .

2001

TO J a n .

2002

6.9

*•9

7.9

6.8

6 Months

f rom J u l y 2 0 0 1

TO J a n .

2002

7.6

9.2

9.9

6.6

from J a n .

TO J a n .

2002

7.8

9.6

11.3

6.1

1.4

6.6

9.2

12 Months

2001

T h i r t e e n w e e k s e n d i n g F e b r u a r y 18 ,
from t h i r t e e n w eek s e n d i n g :
N o v . 1 9 , 2 0 0 1 ( 13 we e k s p r e v i o u s )

2002

Aug.

20,

2001

( 2 6 we e k s p r e v i o u s )

8.1

9.7

10.6

Feb.

1 9,

2 001

( 52 w eek s p r e v i o u s )

7.9

9.9

12.0

and December 2000 to December 2001, respectively.

Footnotes to Table 1:
1

2

3

4

Consists ot (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
summina 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 season­
ally adjusted separately, and adding this result to seasonally adjusted M1.
.......
,
, ,, rm ,• k -,-.- ,
• u.
^.
Consists of M2 d Iu s larqe-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overnight and term) issued by
all deDOsitorv 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
Kinadom 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
Debt" T ^e ^e ^aa area ate ts t ^ outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsnonsored entemrises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
romorate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
rnm m prcial oaDer 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
da a 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 Z.1 release. In that release, published levels of credit market
debt are measured on a quarter-end basis and contain discontinuities.
NntP P urrpnt 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
lam iarJ 1959 and weeklv data are available back to January 1975 for most series. For information about individual copies or subscriptions, contact Publications Services
a f the Federal' R e s e ^ e 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.




Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1

M2

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1176.2

1162.2

1167.1

5383.8

5409.6

5425.2

7 8 81 .1

7 9 5 8 .0

7 9 80 .2

1177.1
1178.6
1170.1
1167.8
1167.9

1165.8
1169.3
1172.5
1176.2
1179.1

1174.1
1171.4
1177.3
1181.8
1185.8

5394.9
5406.1
5404.3
5407.8
5414.1

5420.7
5430.6
5441.5
5449.3
5456.5

5437 .1
5443 .4
5460.2
5456.3
5465 .9

7 9 03 .9
79 26 .8
79 37 .5
79 48 .1
7 9 62 .9

7 9 8 1 .6
79 9 6 .5
8014 .4
8029.3
8038.7

8017.1
8013.6
8046.5
80 40.0
8054.6

28

1169.7
1171.2
1172.5
1174.0

1181.7
1181.6
1180.8
1180.7

1181.9
1177.0
1178.6
1185.1

5420.9
5427.9
5434.5
5442.2

5459.6
5458.9
5458.2
5462.0

5455 .9
5457.3
5453.7
5481.1

79 73 .9
7 9 84 .5
79 96 .4
8010.5

8 039.3
80 30 .2
8027 .5
8 0 3 3 .4

80 16.0
8010.0
8 029.4
8078.1

4
lip
18p

1175.7
1177.1
1179.3

1180.7
11 80 .4
1183.9

1182.0
1176.0
1192.4

5448.5
5454.7
5461.4

5466.5
5473.4
5485.7

5473 .9
5484.7
5503.1

8022.0
8030.8
8039.4

8047.3
8061.8
8 0 76 .4

8071.5
8068.3
8087.5

Period ending
2001-Nov. 26
Dec.

3
10

17
24
31
2002-Jan.

7
14
21

Feb.

M3

Not seasonally adjusted

Dec

26

1171.1

11 62 .4

1181.8

5362.9

5397.9

5400.7

7 8 31 .6

79 3 7 .8

79 6 1 .1

3

1172.7
1174.8
1168.3
1169.8
1174.7

11 71 .0
11 76 .6
11 82 .8
1190.7
1203.1

1197.5
1164.7
1187.3
1213.1
1247.2

5375.6
5387.5
5388.2
5397.3
54 09 .2

5409.8
5428.3
5450.4
5467.8
5480.7

54 36 .9
5 4 69 .5
54 94 .4
5470.2
5488.7

78 57 .8
7885.6
7 9 03 .9
79 25 .1
79 49 .0

7 9 6 9 .9
7 9 9 8 .6
8036.7
8 064.2
8 0 77 .6

8015.7
8059.7
8110.2
8071.3
8069.3

1179.0
1181.6
1183.3
1184.0

1211.9
1208.9
1200.3
1183.3

1200.1

1175.2
1178.6
1179.4

5421.0
5431.4
5441.3
5449.3

5491.9
5491.8
5489.8
5472.5

5514.2
5 4 94 .0
54 62 .1
5419.7

79 67 .2
7 9 86 .6
8007.3
8026.4

8075 .5
8070.2
8070 .8
8066.6

8051.2
80 88.9
8 073.6
8052.8

1185.4
1186.1
1186.9

1178.4
1172.5
1171.1

1180.3
1151.5
1173.2

5455.5
5462.2
5468.6

5461.4
5458.5
5465.4

5 4 69 .8
54 82 .2
5489 .8

8041.7
8054.3
8066 .7

8075.4
8080.3
8091.6

8086.1
8108.7
8118.8

10

17
24
31
2002-Jan.

7
14
21

28
Feb.

4

ixxp
in
18p

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




Page 4
H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars

Currency'

Date

At thrift
institutions5
104.5

2 4 0 .2

Total

52 4.5

8.8

325.6

O ct.
Nov.
Dec.

526.3
527.9
53 0.1

8 .4

322.3
315.4
309.9

136.2
134.8
133.2

105.9
105.6
107.7

2 4 2 .2
2 4 0 .5
240.9

2001-Jan.
Feb.
Mar.

53 3.6
536.7
53 9.4

8.1
8.0

31 2.0
311.2
313.5

133.7
133.8
134.8

108.6
109.3
111.7

2 4 2 .2
2 4 3 .1
2 4 6 .6

Apr.
May
June

542.6
546.1
549.3

7.8
7.9

310.8
313.0
312.8

135.4
136.4
137.2

113.3
113.3
118.1

2 4 8 .6
24 9 .6
25 5 .3

July
Aug.
Sep.

55 4.2
562.7
567.7

8.6
8.8

314.7
317.8
370.1

142.7
13 9.9
14 0.5

118.3
118.1
117.9

2 6 1 .0
2 5 8 .0
2 5 8 .4

O ct.
Nov.
Dec.

571.6
575.4
580.6

328.7
326.3
329.5

141.2
1 4 1.0
1 4 2.4

112.0

7.8
7.8

113.4
118.3

2 5 3 .2
254.4
26 0 .7

2002-Jan.

586.5

7.8

326.8

14 2.5

118.2

2 6 0.7

581.6
582.6

7 .8
7 .8

330.7
332.0

14 2.5
142.7

119.2
120.7

26 1 .7
2 6 3 .4

28

583.8
584.7
587.6
588.5

7.8
7.8
7.8
7.8

329.3
327.9
323.9
325.1

142.1
140.1
141.7
1 4 4.6

118.9
116.4
117.5
119.1

2 6 1 .0
2 5 6 .5
25 9 .2
26 3 .7

4
HP
18p

589.4
590.4
5 91.5

7.8
7 .8 •
7 .8 •

323.4
319.9
333.5

142.8
141.8
14 3.0

118.7
116.2
116.6

2 6 1 .5
257.9
2 5 9 .6

7
14
21

Feb.

4.
5.

At commercial banks4
2000-Sep.

2002-Jan.

3.

Other checkable deposits

Demand deposits3
135.7

Week endina
2001-Dec. 24
31

1.
2.

Travelers checks2

8.0
8.0

7.9

8.2

8 .4
8.2

Currency outside U S Treasury, Federal Reserve Banks and the vaults ot depository inswuuons.
. . .
4
. . . .
.
. .
O u t s t a n d in g amount of U S dollar-denominated travelers checks of nonbank issuers. Travelers checks .ssued by depos.tory .nst.tut.ons 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.



•

•

‘

•

1

•

•

•

•

•

•

m

•

t

•

Table 5

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

At commercial
banks

At thrift
institutions

Small-denomination time deposits2

Retail
money
funds

Total
Non-M1 M2

Total

At commercial
banks

At thrift
institutions

Total

454 .1

1836.7

6 89.3

338.6

1028.0

9 05 .4

3770.0

691 .1
694.3
6 99 .2

340 .9
343 .2
344 .5

1032.0
1037.4
1043.7

911 .0
9 16 .2
9 34 .0

3787.5
3809.6
3853.5

2000-Sep.

1382.5

O c t.
Nov.
Dec.

1388.6
1401.7
1423.7

455 .8
454.3
4 52.1

1844.5
1856.1
1875.8

2001-Jan.
Feb.
Mar.

1442.7
1467.6

1491.9

4 53.1
461.7
470 .9

1895.8
1929.3
1962.8

7 0 1 .8
7 00.3
6 97.4

3 47 .4
349 .3
349.5

1049.2
1049.7
1046.8

946.4
947.9
956 .9

3891.5
3926.9
3966.6

Apr.
May
June

1521.2
1538.1
1563.6

476 .4
487.5
498 .1

1997.7
2025.5
2061.7

692 .2
686 .8
680.5

3 50 .8
3 53 .6
352 .6

1043.0
1040.5
1033.1

964 .4
956 .1
963 .1

4005.1
4022.1
4057.9

July
Aug.
Sep.

1581.2
1612.7
1656.5

5 0 8 .1
518.1
528.0

2089.2
2130.8
2184.4

6 73.4
669.0
6 63.8

350.5
3 4 7 .6
3 4 6 .0

1024.0
1016.5
1009.8

9 72 .5
9 7 0 .8
9 8 5 .1

4085.7
4118.2
4179.3

O c t.
Nov.
Dec.

1673.6
1713.0
1745.8

542.8
5 54.2
5 60.4

2216.4
2267.3
2306.3

6 57.3
6 47.9
6 37.1

3 41 .5
336.6
3 32 .2

998 .7
9 84.5
969 .3

995.7
9 98 .9
1000.7

4210.8
4250.6
4276.2

2002-Jan.

1773.1

571.6

2344.7

627.7

3 26 .4

954 .1

9 84 .1

4 282.8

Week ending
2001-Dec. 24

1747.9

31

1746.3

561.5
566.8

2309.4
2313.1

635.4
634 .2

3 31 .4
3 30 .1

9 66 .7
9 64 .3

998 .3
1002.7

4274.5
4280.1

7
14

1756.7
1769.8
1773.3
1784.2

558.6
566.5
5 71.5
582.1

2315.3
2336.4
2344.8
2366.3

633 .3
629.4
627 .0
623.4

3 29 .1
3 26 .9
3 25 .8
324 .8

9 62 .3
9 56.3
9 52.7
9 48.2

996 .3
987 .7
9 77 .5
9 81 .5

4274.0
4280.3
4275.1
4296.0

1787.8
1804.6
1803.3

582.5
587.2
591.9

2370.3
2391.8
2395.2

622 .2
621.1
620 .2

3 24 .0
323.5
322.8

9 46.2
9 4 4 .6
942 .9

9 75 .4
972 .3
972.6

4291.9
4308.7
4310.7

2002-Jan.

21
28

Feb .

4

lip
18p

1.
2.

Savings deposits include money market deposit accounts.
. . . .
^
^
»i* ■
.
. ,.
,
.
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
Date

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

102.0

804.8

366.3

191.8

2115.6

3474.4

14 596.9

O ct.
Nov.
Dec.

7 6 2.0
7 7 3.4
79 2.5

69 7.8
702.0
725.2

10 3.4
103.6
102.9

801.3
805.6
828.1

366.3
360.4
364.0

193.5
194.0
196.4

21 23.1
2133.5
2180.9

34 45.1
34 18.9
34 00 .4

14673.9
14777.3
14882.1

2 0 0 1 -Ja n .

822.1
878.7
901.6

74 2.0
70 6.8
680.0

106.2
10 6.9
107.2

848.2
813.7
787.3

364.2
359.2
352.7

20 0 .5

Feb.
Mar.

210.2

2 2 3.7

2235.0
2261.7
2265.3

3380.7
3372.9
3376.8

14951.6
15036.4
15127.7

Apr.
May
June

926.9
979.9
1018.8

702.2
708.5
712.6

109.2
110.7
109.6

811.4
819.2
822.2

372.0
377.3
377.7

2 1 6 .9
2 1 5 .5
21 3 .1

2327.1
2391.9
2431.9

3347.5
3300.9
3305.4

15238.1
15387.7
15478.3

July
Aug.
Sep.

1030.1
1022.5
1072.2

703.6
689.9
687.1

111.6

815.2
804.5
802.7

373.5
370.7
360.0

21 6 .1
2 1 3 .0
21 4 .8

2434.8
2410.6
24 49 .7

3317.9
3339.0
33 73.2

15523.3
15607.8
15700.1

Oct.
Nov.
Dec.

1140.2
1171.6
1197.2

684.3
679.9
685.5

115.8
113.8

356.0
372.6
373.5

212.0

112.6

800.1
793.7
798.0

21 5 .9
213.3

2508.3
2553.8
2582.0

3373.2
3372.8
3381.4 p

15 791.9
15914.3
16018.4 p

2002-Jan.

1167.1

705.4

11 3.4

81 8.8

374.3

212.1

2572.3

1196.3
1204.1

686.0

112.1

112.5

798.2
799.9

374.4
372.7

21 4 .8

687.4

25 83.7
2588.7

684.7
690.7
712.3
721.8

111.9
112.3
113.9
114.6

796.6
80 3.0
826.2
836.4

365.7
370.3
378.3
381.9

2 1 0 .4
21 4.3
210.7

28

1187.4
1165.0
1160.6
1167.5

211.2

2560.1
25 52.7
25 75.8
25 97.0

4
lip
18p

1167.1
1158.2
1169.2

724.3
717.8
704.7

113.9
113.3

838.2
831.0
817.3

376.9
37 3.9
378.1

21 5.3
22 0 .5
219.7

2597.6
2583.6
25 84.4

Feb.

5.

At thrift
institutions

Eurodollars4

702.8

7
14
21

3.
4.

At commercial
banks2

RPs3

752.6

2002-Jan.

1

Large-denomination time deposits1

2000-Sep.

Week ending
2001-Dec. 24
31

2.

Institutional
money funds

114.6
115.7

112.6

212.0

Larae-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
n!prninhfa ndCtemi 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,
pvriudinn those held bv depository institutions and by money funds.
DeW data are on a m onthly 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.



•

•

•

•

•

•

*

•

>

•

Page 7

H.6 (508)
Table 7

NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Currency1

Date

Travelers checks2

Other checkable deposits

Demand deposits3
At commercial banks4

523.3

8.7

321.4

13 1.1

10 6 .0

2 3 7 .1

O c t.
Nov.
Dec.

524.9
528.2
535.2

8 .4
8.2
8.1

321.5
318.7
326.5

133.6
132.7
136.0

105.2
105.5
106.5

2 3 8 .8
23 8 .2
2 4 2 .5

2001-Jan.
Feb.
Mar.

53 2.2
53 6.2
539.8

8.2
8.2
8.0

315.0
303.9
310.9

139.1
133.1
136.5

105.1
10 6.2
112.2

24 4 .1
23 9.3
24 8 .7

Apr.
May
June

542.9
54 5.8
54 8.8

7 .9

312.5
306.8
309.8

142.5
136.9
137.5

116.9
113.4
11 8.9

25 9 .3
25 0 .3
2 5 6 .4

July
Aug.
Sep.

554.5
561.9
566.3

8.2

315.3
316.1
366.2

138.7
135.4
135.4

11 9.8

2 5 8 .5
2 5 5 .4
2 5 5 .1

Oct.
Nov.
Dec.

56 9.9
575.8
585.6

328.1
329.3
347.2

138.8
138.6
145.9

111.1

7.9
7.9

113.2
116.2

24 9 .9
2 5 1 .8
26 2 .1

2002-Jan.

585.1

8.0

329.2

148.3

11 4.1

2 6 2 .4

59 0.5
589.5

7 .9
7 .9

348.8
374.7

15 0.6
157.3

115.3
11 7.9

26 5 .9
2 7 5 .1

7 .9
7 .9
8.0
8.0

338.7
325.7
324.9
324.3

146.4
143.8
148.8
152.2

11 9.4
11 3.4

28

58 7.7
584.4
58 5.1
584.0

2 6 5 .8
25 7 .2
2 6 0 .6
26 3.2

4
HP
18p

586.9
590.4
592.3

8.0
8.0 •
8.0 •

323.3
302.9
321.5

14 6.0
13 7.2
140.3

116.2
11 3.1

2002-Jan.

7
14
21

Feb.

3.
4.
5.

Total

2000-Sep.

Week ending
2001-Dec. 24
31

1.
2.

At thrift
institutions5

8.0
8.0

8.4
8.3
8.1

120.0

119.7

111.8

111.0

111.1

2 6 2.2
2 5 0.3
2 5 1 .4

Currencv 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 deposrtory .nst.tut.ons are included in demand deposits.
D e m a n d d e p o t s 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 fo[®]9n 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.



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

Retail
money
funds

Total
Non-M1 M2

2000-Sep.

1381.7

453.9

18 35.5

689.5

338.7

1028.2

897.7

37 61 .5

O ct.
Nov.
Dec.

1380.4
1398.9
1426.9

453.1
453.4
453.1

1833.4
1852.4
1880.0

692.7
696.1
70 0.0

341.7
344.1
34 5.0

1034.4
1040.2
1045.0

902.4
906.6
928.7

3770.3
3799.1
3853.7

2001-Jan.
Feb.
Mar.

14 36.3
1459.9
1499.1

451.1
459.3
47 3.2

1887.4
1919.2
1972.3

704.2
702.6
698.0

348.6
35 0.5
349.7

1052.9
1053.0
1047.7

952.9
96 1.9
98 4.9

38 93 .1
39 34 .0
40 04 .9

Apr.
May
June

1542.8
15 36.1
15 67.5

48 3.2
486.9
49 9.3

2 0 26 .0
2 0 22 .9
20 66 .8

691.7
684.5
677.1

350.5
352.4
350.8

1042.2
1036.9
1027 .9

993.8
949.2
952.1

40 62 .0
40 09 .0
4046.8

July
Aug.
Sep.

15 79.7
1607.4
1655.4

50 7.6
516.4
52 7.6

20 87 .3
21 23 .8
2 1 83 .0

671.2
667.9
664.2

349.4
347.0
346.2

1020.5
1015.0
10 10 .4

95 5.9
960.8
975.2

4063.8
4099.6
4168.6

Oct.
Nov.
Dec.

1661.6
1710.2
1750 .2

53 8.9
553.3
561.8

22 00 .5
22 63 .5
2 3 12 .1

658.9
649.6
637.8

342.3
337.5
332.5

1001. 2

987.1
970.4

986.0
987.5
994.5

41 87.8
42 38 .1
4277 .0

2002-Jan.

1766.0

569.3

2335.3

629.8

327.5

957.2

990.8

42 83.3

1738.2
1725.5

55 8.4
560.1

2 2 96 .6
22 85 .5

635.7
634.8

331.5
330.4

967.2
965.2

993.3
990.8

42 57 .1
42 41 .6

28

1795.9
1788.8
1764.8
1731.8

571.1
572.6
568.8
565.0

2 3 67 .0
23 61 .4
23 33 .5
2 2 96 .8

633.8
631.5
629.6
626.1

329.4
328.0
327.1
326.2

963.2
959.5
956.8
952.3

983.9
997.8
993.3
991.3

4314.1
4318.8
4283 .6
4240.3

4
lip
18p

17 76.7
18 07.7
17 96 .0

578.8
588.2
589.5

23 55 .5
2 3 95 .9
2 3 85 .5

624.8
623.3
622.1

325.3
324.7
323.7

950.1
948.0
945.8

98 3.9
986.7
985.3

4 2 89 .5
43 30 .6
43 16.6

weeK ending
2001-Dec. 24
31
2002-Jan.

7
14
21

Feb.

1
2.

At thrift
institutions

Savinqs 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.

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

•

•

•

•

•

•

•

t

•

Page 9
H.6 (508)
Table 9

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

Date

Institutional
money funds

RPs3

Large-denomination time deposits1

Eurodollars4
At commercial
banks2

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

2000-Sep.

7 3 2 .4

699.9

101.6

801.5

299.5

60.7

360.3

188.9

20 8 3 .0

3426.4

14571.9

O c t.
Nov.
Dec.

7 4 7 .9
7 7 0 .6
80 1.4

696.1
704.4
725.6

103.2
104.0
103.0

799.3
808.4
828.6

299.6
302.2
306.1

59 .6
58.3
58.2

359.2
360.5
364.2

189.2
192.8
198.2

2 0 95 .6
2 1 32 .2
2 1 92 .4

3395.3
3401.2
3403.5

14661.7
14764.9
14870.0

2001-Jan.
Feb.
Mar.

844.7
907.0
9 2 4 .9

734.0
705.2
682.5

105.0
106.6
107.6

839.0
811.8
790.1

306.7
301.6
296.3

57.7
59 .9
58.2

364.4
361.5
354.5

2 0 1 .9
212.8

2 2 5 .9

2 2 49 .9
22 93 .1
2 2 95 .4

3373.2
3368.7
3392.5

14954.6
15030.3
15101.7

Apr.
May
June

9 3 4.8
977.3
10 06 .5

704.2
714.5
717.6

109.5
110.4

813.7
826.1
828.0

311.6
323.1
324.2

59.3
59.7
58.7

370.9
382.8
382.9

21 9 .5
2 1 8.7
2 1 3 .5

2 3 39 .0
2 4 04 .9
2 4 30 .8

3341.0
3262.9
3252.0

15204.1
15344.8
15446.3

July
Aug.
Sep.

1 0 08 .9
1005 .2
1 0 42 .4

703.3
686.7
684.3

111.5
114.0
115.2

814.8
800.8
799.5

315.8
313.7
305.1

58.1
55 .9
49.3

373.9
369.6
354.5

2 1 3 .8
210.0
212.0

2 4 1 1 .4
2 3 8 5 .6
2 4 08 .4

3247.7
3281.0
3319.1

15505.3
15580.3
15670.5

Oct.
Nov.
Dec.

11 17 .8
1165.2
1208 .3

682.6
681.7
685.6

115.5
114.1
112.6

798.1
795.8
798.1

301.1
319.1
313.9

48 .2
52 .8
60 .4

34 9.4
371.9
374.3

2 0 8 .1
2 1 4 .9
2 1 4 .5

24 73 .3
2 5 47 .8
2595 .2

3318.2
3352.4
3384.0 p

15768.5
15847.2
15944.1 p

2002-Jan.

1 1 98 .8

697.7

112.2

80 9.9

29 9.9

7 4 .4

374.3

213.2

2 5 96 .1

1212.1

6 86.0

112.1

11 97 .1

684.1

11 1.9

798.1
79 6.0

312.4
307.9

63 .1
63 .1

375.5
370.9

2 1 5 .4
21 6 .5

2 6 01 .1
2 5 80 .6

688.4
691.5
700.9
704.5

112.6

801.0
804.0
812.9
816.4

295.6
301.9
302.3
300.9

64.7
6 9 .9
7 5 .8
83 .4

360.3
371.8
378.1
384.3

2 1 3.2
2 1 4.2
21 1 .5

28

1162 .5
12 0 5 .0
1 2 08 .9
12 19 .6

25 3 7 .0
25 9 4 .9
2 6 1 1 .4
26 3 3 .1

4
HP
18p

1196 .6
1200 .5
1207 .6

71 2.4
712.8
706.4

112.0

824.4
825.3
819.3

297.3
299.1
301.0

82 .6
80 .8
7 7 .8

37 9.9
37 9.9
378.9

21 5 .4

Week ending
2001-Dec. 24
31
2002-Jan.

7
14
21

Feb.

111.6

112.5
1 12.1
111.8

112.5
112.9

212.8

220.8

2 2 3.1

2 616.3
2 6 26 .5
2 6 2 9 .0

of intarnational hankinn farilitioc
1.
2.

3.
4.

ffiS 'iflh ta n d te m RPs of $100 000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
Overnight and Z ™ EurodoSrs issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices .n the United Kingdom and Canada,
Debt*data S o n a m o n th ly ^ ^ ^

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



by TveTaging^adjacent end-of-month levels, and have been adjusted to remove discontinuities.

Page 10
H.6 (508)
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
Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions1

Total
cash
balance

IRA and Keogh Accounts
Time and
savings
deposits at
commercial
banks

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

1.2

29.2

2.5

6.7

22.0

31.1

6.2

155.6

92.9

139.0

387.4

8.2

1.2

20.0

1.6

1.5

5.3
5.1
5.8

13.2

1.4

29.4
29.9
30.5

1.4

9.0
9.9

10.6
11.6

16.9
18.9

6.3
6.3
6.3

156.3
156.6
156.8

93.4
94.1
94.7

139.3
139.5
139.6

389.0
390.1
391.1

9.5
8.4
7.3

1.5
1.4
1.3

32.1
34.2
36.4

2.6
1.2
1.2

6.7
4.9
5.4

36.5
16.0
6.4

45.7

6.8

2 2. 1

7 .4

13.0

8.1

157.7
158.8
160.0

95.3
95.9
96.4

143.0
148.4
153.9

396.0
403.1
410.4

Apr.
May
June

6.9
7 .4
7 .8

1. 2
1.2
1.1

35.3
31.6
28.1

4.7

5.9
5.1
5.6

18.8
25.7
15.2

29 .4
31.9

8.7
9.2
9.7

160.9
161.1
161.3

96.4
95.9
95.4

157.1 e
158.1 e
159.1 •

41 4.4 •
415.1 •
415.8 •

July

1.1
1.1

25.2
20 .4

6.6

19.9
26.7
19.6

26 .1
32.8
28.4

10.2
10.8

1.3

1.1
1.1
2.1

5.1
5.0

Sep.

8.0
8.0
8.1

11.4

161.2
160.8
160.5

95.2
95.3
95.4

159.6 •
159.6 •
159.6 e

416.0 •
415.7 •
415.5 •

O ct.
Nov.
Dec.

8.1 e
8.1 e
8.1 e

1.6 e
1.3 e
1.3 e

19.4 •
19 .4 •
19 .4 •

2.6
2.8

4.1

5.2
5.1
5.3

27.8
22.5
27.2

35.6
30.4
36.5

11.7 e
11.7 •
11.7 •

160.6 •
161.0 •
161.4 •

95.5 e
95 .5 e
95.6 •

159.6 e
159.6 e
159.6 •

415.7 •
416.1 •
416.6 •

2002-Jan.

8.1 e

1.2 e

19.4 •

3.5

7.0

39.2

49.7

11.7 •

161.8 •

95.7 •

159.6 e

417.1 •

3.6
3.8

5.4
5.3

47.5
47.9

56.4
57.0

3.4
3.2
4.7

5.7
5.0
6.9

2.8

8.1

29.5
18.7
40.4
58.6

38.6
26 .9
52.1
69.5

46.0
31.9
27.5

57.0
39.2
35.6

2000-Sep.

8.0

Oct.
Nov.
Dec.

2001-Jan.
Feb.
Mar.

eok ondinfl
2001-Dec. 24
31
2002-Jan.

7
14
21

28
f 6D •

A
%

1
H1n
P
18p

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




22.8

1.2

1.1
2.0

2.8

8.2

2.3
3.0

4.9
5.0

22.8