Full text of H.6 Money Stock Measures : April 22, 2004
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FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK MEASURES For release at 4:30 p.m. Eastern Time Billions of dollars April 22, 2004 Date M11 M22 M33 Seasonally adjusted 2002-Apr. May June July Aug. Sep. Oct. Nov. Dec. 1177.5 1182.0 1186.3 1192.6 1181.1 1188.7 1200.0 1202.6 1215.0 5527.6 5558.6 5580.6 5623.0 5658.3 5684.9 5730.7 5777.2 5805.8 8119.3 8155.4 8166.6 8208.5 8271.6 8308.0 8335.9 8467.5 8540.6 2003-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1218.4 1232.9 1238.2 1243.4 1255.5 1268.7 1273.3 1282.3 1282.4 1284.7 1283.8 1293.0 5838.2 5881.0 5906.4 5949.7 5998.5 6035.7 6079.5 6118.2 6096.4 6080.4 6076.1 6071.0 8550.6 8587.8 8619.4 8655.9 8711.3 8761.5 8837.9 8876.2 8865.3 8836.3 8823.9 8819.4 2004-Jan. Feb. Mar. p 1287.1 1312.0 1331.4 6076.2 6129.1 6174.2 8872.9 8939.5 9009.1 Not seasonally adjusted 2002-Apr. May June July Aug. Sep. Oct. Nov. Dec. 1187.9 1177.5 1186.5 1193.4 1176.6 1181.3 1192.4 1200.8 1240.3 5559.5 5528.3 5566.3 5609.2 5653.5 5679.3 5718.5 5794.0 5844.2 8144.2 8131.0 8154.9 8174.5 8243.0 8261.4 8291.3 8486.9 8604.5 2003-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1220.0 1219.4 1238.2 1253.1 1251.6 1269.3 1274.2 1279.8 1275.1 1276.5 1281.1 1318.7 5832.6 5859.0 5921.4 5978.8 5966.4 6019.0 6066.7 6123.3 6095.7 6074.9 6097.4 6111.1 8568.5 8600.9 8659.6 8677.8 8686.7 8751.7 8808.7 8859.2 8827.9 8802.9 8847.5 8877.6 2004-Jan. Feb. Mar. p 1288.4 1298.3 1329.9 6067.2 6099.3 6175.7 8878.8 8938.4 9033.4 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 MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 3 Months from Dec. 2003 TO Mar. 2004 11.9 6.8 8.6 6 Months from Sep. 2003 TO Mar. 2004 7.6 2.6 3.2 12 Months from Mar. 2003 TO Mar. 2004 7.5 4.5 4.5 8.6 4.7 6.3 Oct. 13, 2003 (26 weeks previous) 5.3 1.5 2.5 Apr. 14, 2003 (52 weeks previous) 6.6 4.3 4.2 Thirteen weeks ending April 12 , 2004 from thirteen weeks ending: Jan. 12, 2004 (13 weeks previous) Footnotes to Table 1: 1. 2. 3. 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 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. 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. Page 3 H.6 (508) Table 3 MONEY STOCK MEASURES Billions of dollars Seasonally adjusted M2 M1 Period ending 2004-Jan. 19 26 M3 13-week average 4-week average week average 13-week average 4-week average week average 13-week average 4-week average week average 1287.4 1287.8 1288.3 1286.8 1289.2 1293.3 6073.6 6073.8 6069.1 6073.1 6078.3 6086.2 8830.2 8835.2 8846.0 8865.4 8870.6 8901.7 Feb. 2 9 16 23 1288.0 1288.6 1291.3 1294.2 1287.0 1291.9 1298.6 1306.3 1293.8 1291.2 1316.2 1324.0 6075.0 6076.7 6080.6 6085.8 6081.2 6089.6 6102.8 6117.5 6094.3 6099.4 6131.2 6145.0 8839.0 8845.0 8854.4 8864.9 8879.8 8892.0 8910.1 8924.4 8891.6 8904.2 8942.7 8959.1 Mar. 1 8 15 22 29 1297.5 1298.8 1301.0 1304.7 1308.8 1313.8 1316.8 1317.8 1322.5 1329.7 1323.8 1303.2 1320.0 1343.0 1352.6 6092.4 6097.7 6104.9 6113.3 6122.9 6132.0 6142.9 6150.6 6160.1 6170.9 6152.5 6142.8 6162.0 6183.2 6195.5 8877.2 8888.4 8903.2 8917.8 8935.6 8944.2 8958.6 8973.5 8987.0 9008.1 8970.8 8961.7 9002.3 9013.0 9055.3 Apr. 5p 12p 1311.4 1314.9 1335.4 1334.7 1325.9 1317.1 6133.3 6144.5 6184.2 6196.7 6195.9 6212.2 8951.8 8967.6 9029.0 9043.5 9045.2 9060.4 Not seasonally adjusted 2004-Jan. 19 26 Note: 1297.0 1296.5 1309.5 1289.8 1279.9 1293.1 6094.9 6093.3 6095.7 6076.4 6069.3 6016.7 8859.8 8865.5 8882.6 8880.2 8889.3 8853.5 Feb. 2 9 16 23 1295.8 1297.1 1299.7 1301.4 1284.8 1287.6 1291.4 1294.7 1308.4 1269.0 1294.9 1306.4 6091.2 6089.9 6089.3 6091.4 6055.2 6053.7 6064.7 6083.6 6043.4 6085.3 6113.2 6092.4 8869.6 8875.4 8882.4 8890.6 8876.6 8882.1 8899.8 8920.6 8865.2 8920.3 8960.1 8936.7 Mar. 1 8 15 22 29 1302.0 1303.2 1304.4 1305.0 1305.3 1298.6 1302.8 1305.4 1314.0 1326.7 1324.2 1285.8 1305.3 1340.6 1375.2 6092.8 6096.1 6100.8 6105.9 6112.0 6103.4 6122.5 6139.7 6160.8 6173.4 6122.6 6161.8 6181.9 6176.7 6173.3 8898.5 8908.0 8919.2 8931.0 8945.6 8943.3 8963.4 8985.5 9009.2 9033.4 8956.2 9000.4 9048.7 9031.4 9053.2 Apr. 5p 12p 1305.8 1309.6 1338.9 1339.4 1334.3 1307.6 6121.7 6135.9 6196.7 6220.0 6254.8 6275.0 8962.4 8979.7 9057.7 9076.4 9097.5 9123.3 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 Other checkable deposits Currency1 Date Travelers checks2 Demand deposits3 2002-Nov. Dec. 623.8 627.4 7.8 7.8 294.7 301.2 152.3 153.2 At thrift institutions 5 124.1 125.4 2003-Jan. Feb. Mar. 630.9 635.4 639.1 7.8 7.8 7.7 299.9 306.1 305.4 153.8 156.0 157.7 126.1 127.6 128.3 279.9 283.6 286.0 Apr. May June 642.0 644.6 646.4 7.7 7.6 7.6 307.4 312.2 319.4 156.5 159.7 163.1 129.9 131.5 132.2 286.4 291.1 295.3 July Aug. Sep. 648.0 650.8 654.2 7.6 7.6 7.6 318.6 321.3 313.9 164.7 166.7 169.5 134.4 135.9 137.3 299.2 302.6 306.7 Oct. Nov. Dec. 658.3 661.3 663.9 7.7 7.7 7.7 312.1 308.4 311.7 169.4 170.8 173.7 137.2 135.6 136.1 306.5 306.4 309.8 664.8 665.7 666.6 7.8 7.8 7.8 301.2 319.2 332.3 176.6 181.2 185.2 136.7 138.0 139.4 313.3 319.2 324.6 665.9 665.8 7.8 7.8 322.0 327.9 182.3 184.7 138.2 137.8 320.5 322.4 At commercial banks4 2004-Jan. Feb. Mar. p Week ending 2004-Feb. 16 23 1. 2. 3. 4. 5. Total 276.4 278.6 Mar. 1 8 15 22 29 666.0 665.9 666.2 667.0 667.4 7.9 7.8 7.8 7.8 7.8 328.9 307.9 323.6 343.2 349.3 181.8 181.8 185.4 186.5 187.1 139.3 139.7 137.0 138.5 141.0 321.1 321.6 322.4 325.0 328.1 Apr. 5p 12p 667.1 668.6 7.8 7.8 e 327.6 319.8 181.2 181.7 142.1 139.1 323.3 320.9 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. Page 5 H.6 (508) Table 5 SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars Small-denomination time deposits2 Savings deposits1 Date At commercial banks At thrift institutions Total Retail money funds3 Total Non-M1 M2 2041.3 2053.2 701.4 716.2 2742.7 2769.5 595.5 591.3 303.3 302.3 898.8 893.6 933.1 927.7 4574.6 4590.8 2003-Jan. Feb. Mar. 2085.5 2110.3 2126.8 728.8 744.0 759.2 2814.3 2854.3 2886.0 587.4 583.8 580.2 300.7 298.1 296.4 888.1 881.9 876.6 917.4 912.0 905.6 4619.8 4648.1 4668.2 Apr. May June 2162.0 2189.9 2221.6 773.0 793.9 799.9 2935.0 2983.8 3021.5 576.1 571.2 566.0 294.5 291.5 288.3 870.6 862.7 854.3 900.7 896.5 891.2 4706.4 4743.0 4767.1 July Aug. Sep. 2269.6 2302.5 2291.4 812.6 826.2 834.2 3082.2 3128.7 3125.6 557.7 550.8 545.4 285.4 282.1 279.7 843.1 832.8 825.1 880.9 874.3 863.2 4806.2 4835.8 4814.0 Oct. Nov. Dec. 2301.2 2321.9 2328.2 840.1 834.7 830.9 3141.3 3156.6 3159.0 541.6 537.9 536.2 277.3 274.7 272.5 818.9 812.6 808.6 835.5 823.1 810.3 4795.7 4792.3 4777.9 2363.2 2396.4 2423.5 827.4 837.9 854.7 3190.6 3234.4 3278.3 534.4 532.8 530.5 271.0 270.2 269.6 805.5 803.1 800.2 793.1 779.7 764.3 4789.1 4817.1 4842.7 2395.1 2400.1 837.4 840.4 3232.5 3240.5 533.1 532.4 270.2 270.1 803.2 802.5 779.4 777.9 4815.1 4821.0 Week ending 2004-Feb. 16 23 3. Total At commercial banks 2002-Nov. Dec. 2004-Jan. Feb. Mar. p 1. 2. At thrift institutions Mar. 1 8 15 22 29 2408.9 2429.0 2426.3 2417.5 2415.0 843.6 844.3 852.2 857.7 863.9 3252.5 3273.3 3278.5 3275.2 3278.9 531.6 531.3 530.9 530.4 529.9 270.0 269.7 269.8 269.4 269.5 801.7 801.1 800.6 799.9 799.4 774.5 765.3 762.9 765.1 764.7 4828.6 4839.7 4842.0 4840.1 4842.9 Apr. 5p 12p 2459.0 2482.1 855.7 860.7 3314.7 3342.7 528.7 528.2 269.6 269.2 798.3 797.4 757.1 754.9 4870.1 4895.0 Savings deposits include money market deposit accounts. Small-denomination time deposits 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. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. 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 Billions of dollars Large-denomination time deposits1 Date At commercial banks2 At thrift institutions Total RPs3 Eurodollars4 Total Non-M2 M3 2002-Nov. Dec. 1202.4 1231.8 700.8 676.6 116.4 117.2 817.1 793.8 445.0 480.9 225.8 228.3 2690.3 2734.8 2003-Jan. Feb. Mar. 1205.3 1189.5 1175.5 682.0 677.9 682.7 118.5 118.2 117.3 800.5 796.2 800.1 472.6 485.4 497.4 234.0 235.7 239.9 2712.4 2706.7 2712.9 Apr. May June 1157.2 1137.7 1141.5 682.9 688.8 689.2 117.6 116.9 118.1 800.5 805.7 807.3 501.6 511.3 517.2 246.8 258.2 259.7 2706.2 2712.8 2725.7 July Aug. Sep. 1178.5 1162.2 1162.4 694.2 701.8 710.3 121.1 122.6 122.2 815.3 824.4 832.4 497.0 494.4 496.8 267.6 277.0 277.4 2758.4 2758.1 2769.0 Oct. Nov. Dec. 1140.8 1117.9 1098.8 706.2 715.6 739.1 121.7 120.8 119.9 827.9 836.4 858.9 504.3 511.3 505.3 282.9 282.2 285.4 2756.0 2747.8 2748.5 1101.7 1089.6 1098.1 778.9 786.4 803.5 120.6 121.2 123.9 899.5 907.5 927.4 502.1 521.0 521.3 293.4 292.2 288.2 2796.7 2810.4 2835.0 1085.9 1092.8 781.1 790.0 120.4 121.3 901.5 911.3 531.4 518.6 292.6 291.4 2811.4 2814.1 2004-Jan. Feb. Mar. p Week ending 2004-Feb. 16 23 1. 2. 3. 4. Institutional money funds Mar. 1 8 15 22 29 1097.8 1097.0 1099.0 1093.2 1109.4 790.4 796.9 804.6 800.9 809.1 122.8 122.8 123.9 124.4 124.4 913.1 919.7 928.4 925.3 933.4 518.7 507.9 522.8 528.2 531.5 288.7 294.2 290.0 283.1 285.4 2818.3 2818.8 2840.3 2829.8 2859.7 Apr. 5p 12p 1106.7 1108.5 823.1 828.4 125.4 126.6 948.5 955.0 504.1 492.3 290.0 292.5 2849.2 2848.3 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. 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 Other checkable deposits Currency1 Date Travelers checks2 Demand deposits3 At commercial banks4 623.1 630.5 7.6 7.7 296.6 317.5 149.4 158.4 2003-Jan. Feb. Mar. 628.9 635.2 639.9 7.7 7.7 7.7 300.5 297.6 303.0 159.8 154.7 158.7 123.2 124.2 128.9 283.0 278.9 287.6 Apr. May June 643.4 646.5 647.7 7.5 7.5 7.7 307.7 307.8 318.6 160.5 157.5 161.9 133.9 132.2 133.4 294.4 289.7 295.2 July Aug. Sep. 648.7 650.4 650.9 7.8 7.8 7.7 319.7 321.4 312.4 163.0 163.5 167.1 134.9 136.7 137.0 297.9 300.2 304.1 Oct. Nov. Dec. 655.7 660.2 667.0 7.6 7.6 7.6 309.9 310.2 327.5 167.5 167.1 180.3 135.7 136.1 136.3 303.2 303.2 316.6 662.7 665.9 667.4 7.7 7.8 7.8 301.7 310.8 328.5 183.4 179.7 186.5 133.0 134.1 139.7 316.3 313.8 326.3 667.4 665.4 7.8 7.8 310.7 317.6 176.8 182.7 132.2 132.9 309.0 315.6 Week ending 2004-Feb. 16 23 4. 5. Total 2002-Nov. Dec. 2004-Jan. Feb. Mar. p 1. 2. 3. At thrift institutions 5 124.0 126.2 273.5 284.6 Mar. 1 8 15 22 29 665.3 667.8 667.1 667.7 667.3 7.8 7.8 7.8 7.8 7.7 329.2 291.1 312.5 338.7 363.4 184.3 180.1 181.5 187.7 194.6 137.6 139.0 136.4 138.6 142.1 321.9 319.1 317.9 326.4 336.7 Apr. 5p 12p 669.9 671.4 7.7 7.7 e 324.1 305.8 186.5 180.6 146.1 142.1 332.6 322.8 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. 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 2002-Nov. Dec. At commercial banks 2055.1 2060.9 2003-Jan. Feb. Mar. At commercial banks At thrift institutions Total Total Non-M1 M2 2761.3 2779.8 596.4 591.7 303.8 302.5 900.2 894.2 931.6 930.0 4593.2 4603.9 2075.8 2097.4 2127.2 725.3 739.4 759.3 2801.1 2836.8 2886.5 587.7 583.8 579.8 300.8 298.1 296.2 888.5 881.9 876.0 923.0 920.9 920.6 4612.6 4639.6 4683.2 Apr. May June 2171.3 2177.7 2217.7 776.3 789.5 798.5 2947.6 2967.1 3016.2 575.8 571.1 565.9 294.3 291.4 288.2 870.1 862.6 854.1 908.0 885.1 879.5 4725.7 4714.8 4749.7 July Aug. Sep. 2264.5 2308.4 2299.0 810.7 828.3 837.0 3075.2 3136.7 3136.0 557.5 550.7 545.3 285.3 282.0 279.7 842.8 832.7 825.0 874.6 874.2 859.7 4792.5 4843.5 4820.7 Oct. Nov. Dec. 2303.5 2339.0 2337.7 840.9 840.8 834.3 3144.4 3179.9 3172.0 541.7 538.3 536.2 277.3 275.0 272.5 819.0 813.3 808.7 834.9 823.0 811.7 4798.4 4816.2 4792.5 2353.0 2380.1 2418.0 823.9 832.2 852.8 3176.9 3212.3 3270.8 534.5 532.7 530.3 271.0 270.2 269.5 805.5 802.9 799.8 796.3 785.8 775.1 4778.8 4801.0 4845.8 2393.5 2368.4 836.9 829.3 3230.4 3197.8 533.0 532.3 270.1 270.1 803.2 802.4 784.8 785.8 4818.4 4786.0 Week ending 2004-Feb. 16 23 3. Total 706.2 718.9 2004-Jan. Feb. Mar. p 1. 2. At thrift institutions Retail money funds3 Mar. 1 8 15 22 29 2380.9 2448.8 2444.0 2405.8 2374.3 833.8 851.2 858.4 853.5 849.4 3214.6 3300.0 3302.4 3259.3 3223.7 531.5 531.2 530.7 530.3 529.5 270.0 269.7 269.7 269.3 269.3 801.5 800.8 800.4 799.6 798.8 782.2 775.2 773.8 777.2 775.7 4798.4 4876.0 4876.6 4836.1 4798.2 Apr. 5p 12p 2489.8 2526.5 866.4 876.1 3356.2 3402.6 528.8 528.4 269.6 269.3 798.4 797.7 766.0 767.2 4920.5 4967.4 Savings deposits include money market deposit accounts. Small-denomination time deposits 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. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. p preliminary Components may not add to totals due to rounding. Page 9 H.6 (508) Table 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 Billions of dollars Large-denomination time deposits1 Institutional money funds Date At thrift institutions 116.0 117.0 Total At commercial banks 385.5 423.8 2002-Nov. Dec. 1213.5 1263.0 2003-Jan. Feb. Mar. 1236.8 1217.2 1188.6 676.7 675.7 683.1 117.5 117.9 117.4 794.2 793.6 800.5 420.5 441.5 458.0 Apr. May June 1142.4 1120.4 1133.2 683.3 695.4 693.7 117.7 118.0 118.8 801.0 813.4 812.6 July Aug. Sep. 1164.7 1148.7 1141.1 695.0 700.9 710.8 121.2 122.4 122.3 Oct. Nov. Dec. 1126.5 1128.0 1125.0 706.6 714.3 737.1 1128.0 1113.1 1108.7 2004-Jan. Feb. Mar. p Week ending 2004-Feb. 16 23 1. 2. 3. 4. At commercial banks2 698.9 675.4 RPs3 At thrift institutions 53.2 52.6 Total Eurodollars4 Total Non-M2 M3 438.7 476.4 225.8 228.5 2692.9 2760.3 49.4 50.7 47.5 469.9 492.2 505.5 234.9 238.9 243.5 2735.9 2741.9 2738.1 455.9 475.9 480.1 49.4 49.1 49.4 505.4 525.0 529.5 250.3 261.5 257.4 2699.0 2720.3 2732.7 816.2 823.3 833.1 444.1 435.5 431.9 53.6 55.4 52.2 497.7 490.8 484.0 263.4 273.1 274.0 2741.9 2735.9 2732.2 121.8 120.6 119.5 828.4 834.9 856.6 433.6 441.2 431.6 58.2 62.7 67.5 491.8 503.9 499.0 281.4 283.3 285.9 2728.0 2750.1 2766.5 771.6 783.0 803.6 119.5 120.7 123.9 891.1 903.6 927.5 432.4 464.0 469.8 65.9 63.1 60.4 498.3 527.1 530.2 294.2 295.2 291.3 2811.6 2839.1 2857.7 1110.0 1120.5 781.2 785.6 120.5 120.6 901.6 906.2 476.8 458.5 63.2 62.5 540.1 521.0 295.1 296.8 2846.8 2844.4 814.9 792.4 Mar. 1 8 15 22 29 1112.1 1109.5 1114.0 1104.7 1111.4 783.4 795.0 804.6 800.2 811.8 121.7 122.5 123.9 124.3 124.8 905.1 917.5 928.5 924.5 936.6 461.0 456.3 471.5 479.8 479.8 61.9 61.1 60.5 59.1 60.5 522.9 517.4 532.0 538.9 540.3 293.4 294.2 292.3 286.6 291.5 2833.6 2838.6 2866.8 2854.7 2879.8 Apr. 5p 12p 1089.9 1104.0 827.7 828.3 126.1 126.6 953.8 954.9 445.6 435.6 60.3 60.5 506.0 496.1 293.1 293.4 2842.7 2848.3 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. p preliminary Components may not add to totals due to rounding. 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 U.S. government deposits Demand deposits at commercial banks 3.2 3.8 Balance at Federal Reserve 5.0 4.9 Note balances at depository institutions1 16.1 15.3 97.8 97.4 26.2 23.0 19.8 165.8 166.3 166.8 97.6 98.7 99.9 178.1 180.7 183.3 441.5 445.7 450.1 17.1 16.2 24.0 20.4 23.5 26.6 167.2 167.5 167.8 101.0 101.5 101.9 183.0 180.7 178.4 451.2 449.7 448.2 13.5 6.4 18.2 23.4 15.9 28.6 24.1 18.3 12.5 167.8 167.7 167.6 102.2 102.4 102.5 176.9 175.9 174.9 446.9 445.9 444.9 4.9 5.1 5.3 12.1 10.1 16.9 20.9 19.3 26.7 8.2 5.9 3.7 167.3 166.8 166.3 102.5 102.3 102.1 173.4 e 171.2 e 169.0 e 443.1 e 440.2 e 437.3 e 4.9 4.4 4.1 5.6 5.3 5.4 24.3 15.8 14.3 34.8 25.4 23.8 2.4 e 2.4 e 2.4 e 166.1 e 166.4 e 166.7 e 102.0 e 102.2 e 102.4 e 167.8 e 167.8 e 167.8 e 435.9 e 436.4 e 436.8 e 4.0 4.4 5.2 4.9 9.9 16.9 19.2 26.2 1.1 1.1 2003-Jan. Feb. Mar. 8.6 7.9 7.3 1.1 1.1 1.1 16.4 17.3 18.2 3.8 3.6 3.6 5.8 5.1 5.3 13.2 5.7 4.1 22.8 14.3 13.1 Apr. May June 7.2 7.5 7.8 1.1 1.1 1.2 18.4 18.0 17.5 5.3 3.6 4.8 7.5 6.7 6.7 4.2 6.0 12.4 July Aug. Sep. 7.5 7.1 6.7 1.2 1.2 1.3 17.7 19.0 20.2 3.7 3.8 4.2 6.2 5.6 6.2 Oct. Nov. Dec. 6.6 7.2 7.7 1.1 1.0 1.0 20.0 17.9 15.8 3.9 4.1 4.5 8.0 e 8.0 e 8.0 e 0.9 e 0.9 e 0.9 e 14.6 e 14.6 e 14.6 e 24.3 24.0 Mar. 1 8 15 22 29 4.7 3.9 4.3 3.9 4.3 5.7 5.6 5.3 5.8 5.1 11.6 6.2 6.7 28.0 17.6 21.9 15.6 16.3 37.7 26.9 Apr. 5p 12p 4.2 4.4 5.3 5.2 4.1 4.6 13.6 14.2 Source: Daily Treasury statement. e estimated p preliminary Components may not add to totals due to rounding. Time and savings deposits at commercial banks 23.1 25.9 166.3 165.8 7.9 8.7 Week ending 2004-Feb. 16 23 IRA and Keogh Accounts At money market funds 175.9 176.5 Total cash balance 2002-Nov. Dec. 2004-Jan. Feb. Mar. p 1. Time and savings deposits due to foreign banks and official institutions 14.8 15.5 At commercial banks At thrift institutions Total 440.0 439.8