Full text of H.6 Money Stock Measures : April 22, 1999
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FEDERAL RESERVE stati H.6 (508) Tabid 1 •••••• MONEY STOCK AND DEBT MEASURES sor release at 4:30 p.m. Eastern Time Billions of dollars Date A p ril 2 2 , 1 9 9 9 MV M2* IFRB RESEARCH UfiRftRY DEBT4 Seasonally adjusted 1997-Apr. May June July Aug. Sep. Oct. Nov. Deo. 1067.5 3882.4 5086.5 14653.5 1063.4 1066.0 1892.8 3911.6 5108.3 5135.5 1067.6 1072.1 3929.1 3961.1 5185.9 5232.8 1064.1 1062.1 1067.5 3981.7 4000.2 4023.1 4046.6 5269.7 5306.7 5353.6 5404.7 14706.0 14733.2 14787.6 14852.8 14925.1 15001.1 35072.1 15141.3 1074.9 1991-Jar*. Feb. 1071.S 1076.0 Mar. 4071.4 5449.6 15208.0 1090.6 4100.9 4126.2 5485.2 5543.8 15264.5 15367.2 Apr. May June 1012.1 1079.2 1077.9 4155.2 4174.8 4198.6 5589.3 5631.3 July Aug. Sep. Oet. Mov. 1075.4 1072.2 1074.7 1090.4 1099.0 4216.1 4241.7 4285.5 15444.0 15512.9 15588.9 15672.0 Deo. 1093.3 1 999-Jan. Feb. Mar. p 5674.1 5694.2 5749.7 4326.9 4365.2 4401.9 5812.4 5874.5 5940.2 5999.6 1090.6 4425.6 6019.0 1091.9 1100.8 4446.4 6063.3 6048.1 4456.6 15750.0 15821.0 15907.3 16005.9 16087.3 16155.4 16219.8 p Not seasonally adjusted 1997-Apr. May 1073.4 1053.8 3908.3 3873.8 June July Aug. Sep. oot. Nov. 1064.1 1065.6 1074.1 3905.3 3925.1 3960.4 3970.7 3986.7 4025.7 Deo. 1097.4 4064.8 1998-Jan. Feb. 1079.9 1066.0 1075.7 4073.7 5453.9 15190.8 4092.1 4143.6 1087.4 1070.5 1074.7 4155.9 4188.7 5486.9 5573.2 5619.0 5618.0 15253.7 15354.5 15426.9 15480.6 15555.8 1073.6 1068.6 4209.0 4238.7 1069.9 1076.2 4273.4 4311.7 Nov. Dec. 1094.3 1115.3 4365.6 5859.5 5945.0 4418.7 6015.7 16087.7 1 999-Jan. 1098.0 1082.6 1096.0 4429.0 4440.8 4480.1 6027.2 6072.1 6087.1 16191.1 1069.2 1059.6 1057.6 Mar. Apr. May June July Aug. Sep. Oat. Feb. Mar. p Footnotes appear on the following page p preliminary Components may not add to totals due to rounding. 4186.2 5109.0 5092.4 5128.0 5171.7 5226.8 5251.9 5295.0 5359.2 5420.8 5661.9 5671.8 5738.1 5789.6 14635.3 14674.9 14701.2 14741.5 14610.1 14890.9 14964.6 15054.4 15140.9 15624.4 15705.9 15785.8 15869.0 15988.1 16138.9 p Page 2 H.6 (508) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates M2 M3 DEBT1 3 Months f r o m Doc. 1998 TO Mar. 1999 2 .7 5 .0 3.2 5 .3 6 Months f r o m Sep . 1998 TO Mar. 1999 4.9 8 .0 8.1 6.0 12 Months f r o m Mar. 1998 TO Mar. 1999 1 .9 8 .0 9.1 6.1 2.2 6 .2 5.8 T h i r t e e n weeks e n d i n g A p r i l 12 , 1999 f r o m t h i r t e e n week s e n d i n g : J an . 11, 1999 (13 weeks p r e v i o u s ) 1. M1 O ct. 12, 1998 (26 week s p r e v i o u s ) 4.1 8 .8 9 .4 Apr. 13, 1998 (52 weeks p r e v i o u s ) 1 .7 8 .2 9 .7 Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, November 1998 to February 1999, August 1998 to February 1999, and February 1998 to February 1999, 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 M 1. 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. Page 3 H.6 (508) Table 3 MONEY STOCK MEASURES BHons ol dolars Seasonaly a rije te d Ml Period ending 1 9 9 9 -Jan . Fob. B ar. A pr. M2 M3 13-week average 4-week average week average 13-week average 4-week average week average 13-week average 4- week average average It 10 9 0 .3 1 0 9 4 .2 1 0 8 4 .4 4 3 8 7 .7 4 4 2 3 .8 4 4 2 3 .8 5 9 7 2 .0 4 0 2 2 .4 6 0 1 7 .5 25 1 0 9 0 .8 1 0 9 1 .3 1 0 8 4 .4 4 3 9 3 .8 4 4 2 3 .4 4 4 2 2 .1 5 9 8 0 .5 4 0 1 7 .4 6 0 0 7 .1 1 8 1 0 9 0 .9 1 0 8 8 .0 1 0 9 4 .5 4 3 9 9 .5 4 4 2 3 .5 4 4 2 9 .4 5 9 8 9 .5 6 0 1 4 .4 6 0 3 3 .4 1 0 9 0 .8 1 0 8 7 .4 1 0 8 3 .0 4 4 0 5 .4 4 4 2 4 .5 4 4 3 0 .3 5 9 5 9 .8 6 0 2 7 .2 6 0 5 0 .8 15 1 0 9 0 .9 1 0 8 8 .1 10 8 8 .4 4 4 1 2 .0 4 4 3 1 .7 4 4 4 4 .4 4 0 1 0 .0 6 0 3 8 .8 6 0 6 3 .9 22 10 9 1 .7 1 0 9 1 .3 10 9 9 .1 4 4 1 9 .0 4 4 4 1 .3 4 4 4 0 .5 4 0 2 0 .2 6 0 5 7 .1 6 0 8 0 .4 1 1 0 9 2 .0 1 0 9 2 .3 1 0 9 8 .4 4 4 2 4 .5 4 4 4 7 .4 4 4 5 4 .9 4 0 2 7 .2 6 0 6 4 .6 6 0 4 3 .2 8 1 0 9 2 .3 1 0 9 4 .4 1 0 9 2 .0 4 4 2 9 .2 4 4 5 0 .5 4 4 4 2 .1 4 0 3 2 .1 6 0 6 0 .8 6 0 3 5 .5 15 10 9 2 .8 1 0 9 5 .8 1 0 9 3 .4 4 4 3 3 .2 4 4 5 0 .5 4 4 4 4 .3 4 0 3 4 .4 6 0 5 5 .2 6 0 4 1 .7 22 1 0 9 3 .5 1 0 9 4 .8 1 1 0 3 .2 4 4 3 7 .3 4 4 5 0 .7 4 4 4 1 .3 4 0 3 9 .7 6 0 4 7 .7 6 0 5 0 .3 29 10 9 4 .3 1 0 9 9 .3 1 1 0 8 .4 4 4 4 1 .0 4 4 5 4 .4 4 4 7 0 .4 4 0 4 2 .3 6 0 4 6 .8 6 0 5 9 .8 5P 1 0 9 5 .0 1 1 0 5 .4 1 1 1 7 .0 4 4 4 4 .4 4 4 4 3 .3 4 4 7 4 .9 4 0 4 3 .3 6 0 5 0 .8 6 0 5 1 .4 12p 1 0 9 5 .8 1 1 0 5 .7 1 0 9 4 .1 4 4 4 8 .2 4 4 4 8 .5 4 4 4 5 .1 4 0 4 4 .4 6 0 5 3 .2 6 0 5 1 .2 Not seasonaly adjusted 1 9 9 9 -Jan . Fab. Hax. Apr. 18 1 1 0 2 .4 1 1 1 9 .2 1 0 8 9 .4 4 3 9 3 .2 4 4 4 1 .5 4 4 4 1 .8 5 9 7 8 .9 6 0 3 0 .0 6 0 4 6 .3 25 1 1 0 2 .8 1 1 0 6 .0 1 0 7 7 .5 4 4 0 0 .4 4 4 3 6 .1 4 3 9 6 .0 5 9 8 9 .4 6 0 2 8 .1 5 9 9 8 .8 6 0 1 5 .7 1 1 1 0 2 .5 1 0 8 9 .1 1 0 9 0 .8 4 4 0 6 .3 4 4 2 3 .1 4 4 0 3 .8 5 9 9 8 .8 6 0 2 6 .3 8 1 1 0 1 .8 1 0 8 3 .1 1 0 7 4 .8 4 4 1 1 .7 4 4 2 0 .6 4 4 4 0 .9 6 0 0 9 .6 6 0 3 3 .6 6 0 7 3 .6 15 1 1 0 0 .8 1 0 8 0 .5 10 7 8 .9 4 4 1 7 .0 4 4 2 1 .3 4 4 4 4 .6 6 0 1 9 .6 6 0 4 2 .2 6 0 8 0 .5 22 1 1 0 0 .7 1 0 8 2 .4 1 0 8 5 .0 4 4 2 3 .6 4 4 3 1 .9 4 4 3 8 .3 6 0 3 0 .1 6 0 6 0 .5 6 0 7 2 .1 1 1 0 9 9 .2 1 0 8 3 .0 1 0 9 3 .4 4 4 2 9 .7 4 4 4 2 .5 4 4 4 6 .1 6 0 3 8 .0 6 0 7 4 .2 6 0 7 0 .4 8 1 0 9 8 .4 1 0 8 6 .0 1 0 8 6 .7 4 4 3 5 .4 4 4 5 4 .0 4 4 8 7 .0 6 0 4 4 .1 6 0 7 9 .9 6 0 9 6 .7 15 1 0 9 7 .8 1 0 8 8 .6 1 0 8 9 .3 4 4 4 0 .6 4 4 6 3 .8 4 4 8 3 .6 6 0 4 9 .6 6 0 8 5 .2 6 1 0 1 .5 22 1 0 9 5 .8 1 0 9 0 .5 1 0 9 2 .6 4 4 4 4 .5 4 4 7 2 .1 4 4 7 1 .7 6 0 5 4 .4 6 0 8 6 .0 6 0 7 0 .5 29 1 0 9 3 ..7 1 0 9 2 .9 1 1 0 3 .0 4 4 4 8 .5 4 4 7 8 .2 4 4 7 0 .6 6 0 5 9 .3 6 0 8 6 .7 6 0 7 0 .1 5p 1 0 9 1 .4 2 1 0 3 .2 1 1 2 7 .8 4 4 5 5 .6 4 4 9 3 .2 4 5 4 7 .0 6 0 6 7 .2 6 0 9 3 .7 6 1 2 4 .1 ia p 1 0 9 1 .7 1 1 0 6 .7 11 0 3 .5 4 4 6 3 .1 4 5 0 9 .4 4 5 4 8 .3 6 0 7 5 .0 6 1 0 4 .8 6 1 4 5 .6 Note: SpecsaS caution should be taken in interpreting week-fo-weefc changes in money supply data, which are highly votaftfte and subject to revision, p preliminary data. Components may no! add to totals due to rounding. Page 4 H.6 (508) Table 4 SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Date Currency1 At commercial banks4 At thrift institutions5 Total 4 2 1 .2 4 2 4 .5 7.8 7.7 393.2 396.5 14 8.0 14 9.2 9 7 .4 9 7 .0 2 4 5.3 2 4 6.2 1 9 9 8 - Jan. F ob . Mar. 4 2 7 .0 4 3 0 .0 432.1 7 .7 7.6 7.7 392.8 392.3 391.0 149.7 147.8 14 9.2 9 6 .6 9 8 .3 100.6 246.3 2 4 6 .1 2 4 9.8 Apr. May Juno 4 3 4 .2 4 3 6 .4 439.2 7.8 7.8 389.2 387.8 384.7 15 0.3 14 6.2 14 5.9 100.6 100.0 100.0 25 0.9 2 4 6 .2 2 4 5.9 Ju ly Aug. Sop. 4 4 2 .3 4 4 4 .8 4 4 9 .6 m 00 379.3 374.8 374.4 1 4 4.2 14 3.2 1 4 1 .1 101.2 8 .5 8 .3 10 0.9 1 0 1.3 2 4 5 .3 2 4 4 .0 2 4 2.4 O ct • Nov. Dec • 4 5 3 .3 4 5 6 .5 4 5 9 .2 8 .3 7.9 7.8 374.7 377.0 377.5 14 1.5 14 4.0 14 3.8 10 2.7 1 0 3.6 1 0 5.0 2 4 4 .2 2 4 7 .6 2 4 8.7 1 9 9 9 - Jan . F eb . Mar. 4 6 2 .7 4 6 7 .7 4 7 2 .0 00 f" 7.7 7.8 371.0 371.6 373.8 14 5.5 141.4 142.7 103.7 10 3.5 1 0 4.4 2 4 9 .2 2 4 4.9 2 4 7 .1 467.1 4 6 8 .6 7.7 7.7 370.7 377.3 1 4 0 .1 1 4 2.3 1 0 3 .1 1 0 3.2 2 4 3 .2 2 4 5.5 29 4 6 9 .6 4 7 0 .3 4 7 1 .0 472.5 4 7 3 .4 7.8 7.8 7.8 7.8 7.8 374.8 367.7 36 9.8 376.2 378.7 1 4 3.0 1 4 1.0 14 0.4 14 2.4 1 4 5 .1 1 0 3.5 1 0 5.2 1 0 4.3 1 0 4.4 1 0 3.6 2 4 6 .6 2 4 6.2 2 4 4.7 24 6.7 248.7 5p 12p 4 7 5 .0 4 7 5 .2 7.9 7.9 382.8 3 6 5 .1 14 5.4 140.7 1 0 5.9 1 0 5 .3 25 1.3 24 5.9 P 22 Mar. 1 8 15 22 Apr. 4. 5. Other checkable deposits Demand deposits3 1997- N o v . Doc. Week e n d i n g 1 9 99 -F ob . 15 1. 2. 3. Travelers checks2 8.0 o 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 Smal-denomination time deposits2 Savings deposits1 Date At thrift institutions Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 . 1 0 1 2 .3 3 7 6 .3 1 3 8 8 .6 6 2 5 .5 3 4 3 .1 9 6 8 .6 5 9 8 .4 2 9 5 5 .6 Dac. 1 0 2 2 .9 3 7 7 .3 1 4 0 0 .2 6 2 6 .1 3 4 3 .2 9 6 9 .3 6 0 2 .3 2 9 7 1 .8 2 9 9 7 .6 1 9 9 7 -H o t 1 9 9 8 -Jan . 1 0 3 5 .1 3 7 8 .8 1 4 1 3 .8 6 2 6 .2 3 4 4 .6 9 7 0 .8 6 1 2 .9 Fab. 1 0 4 5 .9 3 8 2 .5 1 4 2 8 .5 6 2 6 .3 3 4 3 .7 9 7 0 .1 6 2 6 .3 3 0 2 4 .9 M ar. 1 0 5 4 .1 3 8 5 .3 1 4 3 9 .4 6 2 6 .5 3 4 2 .4 9 6 8 .9 6 3 7 .3 3 0 4 5 .5 Apr. 1 0 7 2 .2 3 8 7 .0 1 4 5 9 .3 6 2 7 .5 3 4 0 .1 9 6 7 .6 6 4 6 .3 3 0 7 3 .1 Hay Juna 1 0 7 8 .0 3 9 4 .3 1 4 7 2 .2 6 2 6 .3 3 3 9 .7 9 6 6 .0 6 5 8 .4 3 0 9 6 .6 1 0 8 9 .6 3 9 6 .3 1 4 8 5 .9 6 2 5 .7 3 3 9 .5 9 6 5 .2 6 6 9 .7 3 1 2 0 .8 J u ly 1 1 0 6 .3 3 9 9 .5 1 5 0 5 .8 6 2 5 .1 3 3 7 .3 9 6 2 .4 6 7 2 .5 3 1 4 0 .7 Aug. 1121.6 4 0 0 .9 1 5 2 2 .5 6 2 7 .4 3 3 2 .4 9 5 9 .7 6 8 7 .2 3 1 6 9 .5 Sap. 1 1 4 0 .2 4 0 3 .6 1 5 4 3 .7 6 2 7 .7 3 3 0 .9 9 5 8 .7 7 0 8 .4 3 2 1 0 .8 O ct. 1 1 5 5 .3 4 0 7 .8 1 5 6 3 .1 6 2 7 .5 3 3 0 .4 9 5 7 .9 7 2 5 .5 3 2 4 6 .5 Nov. 1 1 7 1 .1 4 1 1 .5 1 5 8 2 .6 6 2 8 .3 3 2 7 .5 9 5 5 .7 7 3 7 .9 3 2 7 6 .3 Dac. 1 1 8 9 .8 4 1 5 .2 1 6 0 5 .0 6 2 6 .1 3 2 5 .9 9 5 2 .0 7 5 1 .6 3 3 0 8 .6 1 9 9 9 -J an . 1202.0 4 2 0 .3 1 6 2 2 .4 6 2 2 .0 3 2 4 .5 9 4 6 .6 7 6 6 .1 3 3 3 5 .0 Fab. 1 2 0 7 .1 4 2 5 .4 1 6 3 2 .4 6 1 8 .1 3 2 2 .9 9 4 0 .9 7 8 1 .2 3 3 5 4 .6 P 1 2 0 7 .1 4 2 8 .0 1 6 3 5 .1 6 1 6 .3 3 2 0 .7 9 3 6 .9 7 8 3 .8 3 3 5 5 .8 M ar. W aak a n d in a 1999-F a b . M ar. Apr. 1. 2. At commercial banks 15 1 2 0 8 .5 4 2 5 .1 1 6 3 3 .6 6 1 7 .9 3 2 3 .2 9 4 1 .1 7 8 1 .2 3 3 5 6 .0 22 1 2 0 9 .0 4 2 8 .9 1 6 3 7 .9 6 1 7 .2 3 2 3 .0 9 4 0 .2 7 8 3 .3 3 3 6 1 .3 3 3 5 6 .2 1 1 2 0 7 .5 4 2 6 .9 1 6 3 4 .4 6 1 7 .9 3 2 1 .4 9 3 9 .3 7 8 2 .4 8 1 2 0 8 .7 4 2 2 .6 1 6 3 1 .3 6 1 6 .7 3 2 1 .3 9 3 8 .0 7 8 0 .8 3 3 5 0 .1 15 1 2 0 8 .4 4 2 5 .9 1 6 3 4 .3 6 1 6 .2 3 2 1 .0 9 3 7 .2 7 7 9 .3 3 3 5 0 .9 22 1 2 0 8 .3 4 3 0 .2 1 6 3 8 .5 6 1 6 .0 3 2 0 .5 9 3 6 .5 7 8 3 .1 3 3 5 8 .1 29 1202.6 4 3 2 .5 1 6 3 5 .2 6 1 6 .1 3 1 9 .9 9 3 6 .0 7 9 0 .8 3 3 6 2 .0 5p 12p 1 2 0 9 .9 4 2 6 .0 1 6 3 5 .8 6 1 5 .9 ? 1 9 .9 9 3 5 .8 7 8 8 .3 3 3 5 9 .9 1221.6 4 2 7 .8 1 6 4 9 .4 6 1 5 .2 3 1 9 .8 9 3 4 .9 7 8 6 .6 3 3 7 1 .0 Savings deposits include money m arket deposit accounts. Small-denom ination tim e 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 sm all tim e 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 Total Total Non-M2 M3 Federal Non-Federal 3 7 0 .6 4 8 5 .1 8 5 .0 5 7 0 .1 2 5 0 .0 1 3 9 .8 1 3 3 0 .5 3 7 9 3 .7 112 7 8 .4 3 7 9 .9 4 9 0 .2 8 5 .9 5 7 6 .1 2 5 2 .8 1 4 9 .2 1 3 5 8 .0 3 7 9 8 .4 113 4 2 .9 1 9 9 8 -J an . 3 8 5 .9 4 9 4 .7 8 7 .7 5 8 2 .4 2 6 0 .0 1 5 0 .0 1 3 7 8 .3 3 7 9 6 .8 1 1 4 1 1 .2 Feb. 3 9 1 .3 5 0 5 .2 8 7 .2 5 9 2 .4 2 5 5 .1 1 4 5 .4 1 3 8 4 .3 3 7 9 2 .9 1 1 4 9 1 .4 M ar. 3 9 9 .8 5 2 1 .0 8 5 .7 6 0 6 .7 2 6 9 .3 1 4 1 .8 1 4 1 7 .7 3 7 9 7 .2 11 5 6 9 .9 Apr. 4 1 4 .4 5 2 0 .8 8 6 .7 6 0 7 .4 2 7 0 .3 1 4 1 .9 1 4 3 4 .0 3 7 9 1 .5 116 5 2 .5 May 4 2 6 .9 5 2 7 .4 8 5 .2 6 1 2 .6 2 7 1 .7 1 4 5 .4 1 4 5 6 .6 3 7 7 8 .8 1 1 7 3 4 .1 June 4 3 7 .7 5 3 4 .9 8 5 .8 6 2 0 .7 2 7 0 .8 1 4 6 .3 1 4 7 5 .5 3 7 7 5 .8 1 1 8 1 3 .1 1 1 8 9 9 .0 J u ly 4 4 1 .9 5 2 7 .8 8 5 .8 6 1 3 .6 2 7 3 .4 1 4 9 .2 1 4 7 8 .0 3 7 7 2 .9 Aug. 4 5 4 .5 5 3 4 .6 8 5 .6 6 2 0 .2 2 7 9 .7 1 5 3 .5 1 5 0 8 .0 3 7 7 0 .3 1 1 9 7 9 .6 Sep. 4 6 7 .8 5 3 4 .7 8 6 .6 6 2 1 .3 2 8 3 .4 1 5 4 .4 1 5 2 7 .0 3 7 6 0 .0 1 2 0 6 1 .0 O ct. 4 8 6 .7 5 3 3 .9 8 7 .7 6 2 1 .5 2 8 3 .5 1 5 6 .0 1 5 4 7 .7 3 7 5 0 .3 1 2 1 5 7 .0 Nov. 5 0 3 .8 5 3 7 .5 8 7 .9 6 2 5 .4 2 8 9 .5 1 5 6 .2 1 5 7 5 .0 3 7 4 8 .8 1 2 2 5 7 .0 Dec. 5 1 6 .2 5 4 1 .1 8 9 .1 6 3 0 .2 2 9 7 .7 1 5 3 .6 1 5 9 7 .7 3 7 4 7 .4 1 2 3 3 9 .9 1 9 9 9 -J an . 5 1 5 .0 5 4 5 .9 9 1 .0 6 3 6 .9 2 9 1 .5 1 5 0 .0 1 5 9 3 .4 3 7 4 0 .9 Feb. 5 2 9 .9 5 3 3 .6 8 9 .9 6 2 3 .4 3 0 8 .2 1 5 5 .3 1 6 1 6 .8 3 7 1 8 .2 5 2 9 .1 5 1 8 .4 8 8 .7 6 0 7 .1 2 9 5 .3 1 6 0 .0 1 5 9 1 .5 M ar. A pr. 5. At thrift institutions Eurodollars4 Dec. W ,ee X _e M ifig 1 9 9 9 -F eb . 3. 4. At commercial banks2 Debt components5 RPs3 1 9 9 7 -N ov . M ar. 1. 2. Large-denomination time deposits1 p 15 5 2 7 .6 5 3 5 .7 9 0 .0 6 2 5 .7 3 1 0 .4 1 5 5 .6 1 6 1 9 .3 22 5 3 3 .0 5 2 8 .6 8 9 .7 6 1 8 .3 3 1 1 .4 1 5 7 .1 1 6 1 9 .9 1 5 2 9 .0 5 2 3 .6 8 9 .0 6 1 2 .6 3 1 1 .5 1 5 5 .3 1 6 0 8 .4 8 5 2 4 .8 5 2 4 .4 8 9 .2 6 1 3 .6 3 0 1 .3 1 5 3 .6 1 5 9 3 .4 15 5 2 8 .0 5 2 0 .4 8 8 .7 6 0 9 .2 3 0 0 .1 1 6 0 .1 1 5 9 7 .4 22 5 2 9 .6 5 1 8 .8 8 8 .5 6 0 7 .2 2 8 8 .7 1 6 3 .4 1 5 8 9 .0 29 5 3 5 .4 5 1 1 .6 8 8 .4 6 0 0 .0 2 9 0 .2 1 6 3 .5 1 5 8 9 .2 5p 5 2 4 .1 5 1 1 .4 8 8 .6 6 0 0 .0 2 9 0 .4 1 6 0 .0 1 5 7 4 .5 12p 5 3 5 .7 5 1 1 .9 8 9 .4 6 0 1 .3 2 8 6 .3 1 6 2 .7 1 5 8 6 .1 1 2 4 1 4 .5 p 1 2 5 0 1 .6 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 Components may not add to totals due to rounding. p Page 7 H.6 (508) Table 7 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Other checkable deposits Date Currency1 Travelers checks1 2 Demand deposits3 At commercial banks4 4 2 2 .3 8 .0 3 9 9 .1 1 4 7 .4 9 7 .3 2 4 4 .7 Dec. 4 2 8 .9 7 .9 4 1 2 .3 1 5 0 .5 9 7 .8 2 4 8 .3 1 9 9 8 -J an . 4 2 6 .3 7 .9 3 9 6 .6 1 5 2 .5 9 6 .6 2 4 9 .1 Feb. 4 2 8 .8 7 .8 3 8 4 .6 1 4 7 .7 9 7 .0 2 4 4 .7 M ar. 4 3 1 .4 7 .9 3 8 5 .8 1 4 9 .8 1 0 0 .9 2 5 0 .6 A pr. 4 3 3 .7 7 .9 3 8 9 .4 1 5 3 .2 1 0 3 .3 2 5 6 .5 May 4 3 6 .1 7 .9 3 8 1 .7 1 4 5 .3 9 9 .6 2 4 4 .9 June 4 3 8 .3 8 .0 3 8 2 .8 1 4 5 .6 1 0 0 .1 2 4 5 .7 2 4 3 .8 J u ly 4 4 2 .7 8 .2 3 7 8 .9 1 4 2 .8 1 0 0 .9 Aug. 4 4 4 .4 8 .2 3 7 4 .3 1 4 1 .6 1 0 0 .1 2 4 1 .7 Sep. 4 4 8 .4 8 .1 3 7 2 .6 1 4 0 .0 1 0 0 .7 2 4 0 .7 Oct • 4 5 2 .6 8 .2 3 7 3 .2 1 4 0 .2 1 0 2 .0 2 4 2 .2 Nov. 4 5 7 .5 8 .1 3 8 1 .7 1 4 3 .5 1 0 3 .5 2 4 7 .0 Dec. 4 6 4 .2 8 .0 3 9 2 .4 1 4 4 .9 1 0 5 .8 2 5 0 .7 1 9 9 9 -Jan. 4 6 2 .5 7 .9 3 7 5 .7 1 4 8 .0 1 0 3 .8 2 5 1 .9 Feb. 4 6 6 .6 7 .9 3 6 4 .6 1 4 1 .3 1 0 2 .3 4 7 1 .3 7 .9 3 6 8 .6 1 4 3 .2 1 0 4 .8 2 4 3 .6 2 4 8 .1 W eefr p e n d in g 1 9 9 9 -F eb • M ar. A pr. 4. 5. Total 1 9 9 7 -N o v . M ar. 1. 2. 3. At thrift institutions5 15 4 6 7 .1 7 .9 363 ;7 1 3 8 .6 1 0 1 .6 2 4 0 .2 22 4 6 6 .9 7 .9 3 6 6 .9 1 4 2 .1 1 0 1 .1 2 4 3 .3 1 4 6 7 .4 7 .9 370; 8 1 4 4 .2 1 0 3 .2 8 4 7 1 .1 7 .9 3 6 1 .2 1 4 0 .5 1 0 6 .0 2 4 7 .3 2 4 6 .5 15 4 7 0 .9 7 .9 3 6 6 .7 1 3 9 .7 1 0 4 .1 2 4 3 .7 22 4 7 1 .7 7 .9 36€v4 1 4 2 .6 1 0 3 .9 2 4 6 .5 29 4 7 1 .9 7 .9 3 7 2 ;l 1 4 7 .1 1 0 3 .9 2 5 1 .1 5p 4 7 5 .8 8 .0 12p 4 7 6 .5 8 .0 e 3 8 6 .9 1 4 7 .3 1 0 9 .9 2 5 7 .2 3 6 8 .3 1 4 2 ,6 1 0 8 .1 2 5 0 .7 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 estim ated p prelim inary 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 deposits1 2 Savings deposits1 Date At commercial banks At thrift institutions Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 1 9 9 7 -H o v . 1 0 1 0 .3 3 7 5 .5 1 3 8 5 .9 6 2 5 .3 3 4 3 .0 9 6 8 .3 5 9 7 .4 2 9 5 1 .5 Dec. 1 0 2 0 .4 3 7 6 .4 1 3 9 6 .8 6 2 5 .3 3 4 2 .8 9 6 8 .1 6 0 2 .5 2 9 6 7 .4 1 9 9 8 -J an . 1 0 3 0 .5 3 7 7 .1 1 4 0 7 .6 6 2 6 .8 3 4 4 .9 9 7 1 .6 6 1 4 .5 2 9 9 3 .8 Fab. 1 0 4 1 .8 3 8 1 .0 1 4 2 2 .8 6 2 7 .6 3 4 4 .4 9 7 2 .0 6 3 1 .4 3 0 2 6 .2 M ar. 1 0 6 1 .6 3 8 8 .1 1 4 4 9 .6 6 2 7 .3 3 4 2 .8 9 7 0 .1 6 4 8 .1 3 0 6 7 .8 3 0 9 8 .8 Apr. 1 0 8 4 .6 3 9 1 .5 1 4 7 6 .2 6 2 7 .7 3 4 0 .3 9 6 8 .0 6 5 4 .6 Hay 1 0 7 8 .4 3 9 4 .4 3 0 8 5 .3 3 9 7 .4 3 3 9 .0 9 6 4 .6 9 6 3 .8 6 4 7 .9 1 0 9 2 .7 6 2 5 .4 6 2 4 .8 3 3 9 .2 June 1 4 7 2 .8 1 4 9 0 .1 6 6 0 .0 3 1 1 4 .0 J u ly Aug. 1 1 0 7 .5 3 9 9 .9 1 5 0 7 .4 6 2 5 .1 3 3 7 .3 9 6 2 .3 6 6 5 .7 3 1 3 5 .4 1 1 2 1 .5 4 0 0 .8 6 2 7 .0 4 0 1 .7 6 2 7 .3 9 5 9 .2 9 5 8 .0 3 1 7 0 .1 1 1 3 4 .8 3 3 2 .2 3 3 0 .7 6 8 8 .6 Sap. 1 5 2 2 .3 1 5 3 6 .5 7 0 9 .0 3 2 0 3 .5 O ct. 1 1 4 7 .6 4 0 S .1 1 5 5 2 .6 6 2 8 .1 3 3 0 .7 9 5 8 .8 7 2 4 .1 3 2 3 5 .4 lo v . 1 1 6 7 .9 4 1 0 .3 1 5 7 8 .2 6 2 8 .4 3 2 7 .6 9 5 6 .0 7 3 7 .2 3 2 7 1 .4 Dac. 1 1 8 6 .7 4 1 4 .1 1 6 0 0 .8 6 2 5 .4 3 2 5 .6 9 5 1 .0 7 5 1 .6 3 3 0 3 .5 1 9 9 9 -J an . 1 1 9 7 .0 4 1 8 .6 1 6 1 5 .6 6 2 2 .7 3 2 4 .9 9 4 7 .6 7 6 7 .8 3 3 3 1 .1 Fab. 1 2 0 3 .2 4 2 4 .0 1 6 2 7 .2 6 1 9 .4 3 2 3 .6 9 4 3 .0 7 8 7 .9 3 3 5 8 .1 1 2 1 6 .7 4 3 1 .5 1 6 4 8 .2 6 1 7 .1 3 2 1 .1 9 3 8 .2 7 9 7 .7 3 3 8 4 .1 M ar. P e n d in g 1 9 9 9 -F e b . M ar. A pr. 1. 2. 15 1 2 1 0 .0 4 2 5 .6 1 6 3 5 .6 6 1 9 .4 3 2 4 .0 9 4 3 .4 7 8 6 .7 3 3 6 5 .7 22 1 1 9 5 .0 4 2 4 .0 1 6 1 9 .0 6 1 8 .6 3 2 3 .7 9 4 2 .2 7 9 2 .1 3 3 5 3 .3 1 1 1 9 7 .0 4 2 3 .2 1 6 2 0 .2 6 1 9 .1 3 2 2 .0 9 4 1 .1 7 9 1 .3 3 3 5 2 .6 8 1 2 3 2 .6 4 3 1 .0 1 6 6 3 .5 6 1 7 .9 3 2 1 .9 9 3 9 .9 '7 9 6 .9 3 4 0 0 .3 15 1 2 2 8 .2 4 3 2 .9 1 6 6 1 .1 6 1 7 .2 3 2 1 .5 9 3 8 .7 7 9 4 .4 3 3 9 4 .3 22 1 2 1 3 .0 4 3 1 .9 1 6 4 4 .9 6 1 6 .7 3 2 0 .9 9 3 7 .5 7 9 6 .7 3 3 7 9 .1 29 1 1 9 7 .6 4 3 0 .7 1 6 2 8 .3 6 1 6 .6 3 2 0 .2 9 3 6 .7 8 0 2 .6 3 3 6 7 .7 5p 12p 1 2 4 2 .9 4 3 7 .6 1 6 8 0 .5 6 1 6 .7 3 2 0 .3 9 3 7 .0 8 0 1 .7 3 4 1 9 .2 1 2 5 8 .1 4 4 0 .6 1 6 9 8 .7 6 1 5 .9 3 2 0 .1 9 3 6 .0 8 1 0 .1 3 4 4 4 .8 Savings deposits include money m arket deposit accounts.. Small-denom ination tim e deposits— including retail RPs— are those issued in amounts of less than $100,000. AH IRA and Keogh account balances at commercial banks and thrifts are subtracted from sm all tim e deposits. p preliminary Com ponents m ay not add to totals due to roundmg. Page 9 H.6 (508) Table 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT Billions of dollars Date 5. Eurodollars4 At commercial banks2 At thrift institutions Total At commercial banks At thrift institutions Total Total Non-M2 M3 Debt components5 Federal Non-Federal 37 0.7 38 4.5 4 8 7 .6 4 8 7 .7 8 5 .4 8 5 .4 573.0 5 7 3 .1 2 0 2.5 199.5 4 7 .4 4 6 .6 2 4 9.9 2 4 6 .1 1 3 9.9 1 5 2 .3 1 333.5 1 3 56 .0 3792.1 3805.8 11262.3 11335.1 19 98 -J an . F eb . Mar. 39 5.7 4 0 4 .3 4 0 7 .0 4 8 3 .1 5 0 1.1 524.5 8 5 .6 8 6 .5 8 6 .3 568.7 58 7.6 61 0.8 2 1 5.8 2 1 0.2 2 2 5.6 4 4 .9 4 4 .6 4 5 .2 2 6 0 .6 2 5 4 .8 2 7 0 .9 1 5 5 .1 1 4 8 .0 1 4 1 .1 1 3 8 0 .1 1 394.7 1 4 29 .6 3792.5 3795.3 3820.7 11398.3 11458.3 11533.8 Apr. May June 4 1 2 .7 4 2 1 .0 4 3 1 .7 52 0.6 5 3 2.6 53 9.4 8 6 .6 8 6 .1 8 6 .5 607.4 618.7 62 5.9 22 6.5 2 3 0.8 2 2 2 .1 4 6 .0 4 6 .9 4 9 .6 27 2.4 2 7 7 .8 2 7 1 .7 1 4 0 .2 1 4 4.7 1 4 3 .9 1 4 32 .8 1 4 6 2 .1 1 4 73 .2 3800.5 3765.9 3755.3 11626.5 11714.7 11800.5 J u ly Aug. Sep. 4 3 2 .6 4 4 8 .4 4 5 8 .8 52 7.6 53 4.9 5 3 5 .1 8 5 .8 8 5 .6 8 6 .7 613.4 62 0.6 62 1.9 2 2 2 .1 2 2 9 .1 2 3 2 .1 4 9 .0 4 9 .2 50 .3 2 7 1 .0 2 7 8.4 2 8 2 .5 1 4 5 .8 1 5 2 .0 1 5 3 .2 1 4 62 .8 1 4 99 .3 1516 .3 3740.8 3749.6 3743.4 11883.6 11956.3 12042.4 O ct. Nov. Dec. 4 8 2 .9 50 4.9 52 3.3 5 3 7.2 539.7 53 7.5 8 8 .2 8 8 .3 8 8 .5 625.5 62 7.9 6 2 6.0 2 3 4.9 2 4 2.4 2 3 9 .9 4 7 .7 4 7 .6 50.4 2 8 2 .6 2 9 0 .0 2 9 0.3 1 5 6 .8 1 5 6 .6 1 5 7.4 1 5 47 .9 1579 .4 1 5 97 .0 3727.8 3746.6 3754.9 12141.2 12241.6 12332.8 52 9.3 54 7.3 5 3 7.9 5 3 2.2 5 2 9.0 5 2 2.8 8 8 .7 8 9 .1 8 9 .5 62 0.9 6 1 8 .1 6 1 2.2 241.7 2 5 3.9 2 4 1.4 5 1 .1 53 .8 5 6.5 2 9 2 .9 3 0 7.7 2 9 7 .9 155.1 1 5 8 .1 1 5 9 .0 1 5 9 8 .2 1631 .3 1 6 07 .0 3736.6 3721.8 p 12402.2 12469.3 p 5 4 5.6 55 1.8 53 1.6 5 2 5.5 8 9 .3 8 9 .2 62 0.9 61 4.7 2 5 6 .8 2 5 4.4 5 3.9 5 3.7 31 0.7 3 0 8 .1 1 5 8.7 1 5 9 .1 1 6 36 .0 1 6 33 .8 Meek e n d i n g 1 9 9 9 - F e b . 15 22 3. 4. RPs3 Large-denomination time deposits1 1 9 9 7 -N ov . Dec • 1 9 9 9 - Jan . F eb . M ar. p 1. 2. Institutional money funds Mar. 1 8 15 22 29 54 5.2 53 8.6 5 4 0.2 53 8.5 53 7.4 52 4.5 5 2 7.9 525.9 5 2 3.2 51 6.3 8 9 .1 8 9 .8 8 9 .7 8 9 .2 8 9 .2 61 3.6 617.8 61 5.6 612.4 60 5.6 25 3.4 2 4 5 .1 24 6.3 236.7 23 7.5 54 .4 5 5.9 5 6 .8 5 7 .2 5 6 .2 3 0 7 .8 3 0 1 .1 3 0 3 .1 2 9 3 .9 2 9 3.7 1 5 7.7 1 5 2 .3 1 5 9 .0 1 6 1 .9 1 6 2.9 16 24 .3 16 09 .7 1 6 18 .0 1 6 06 .8 1 5 99 .5 Apr. 5p 12p 522.7 5 4 5.6 5 1 5.2 513.7 8 9 .2 8 9 .7 60 4.5 60 3.4 2 3 4 .8 2 3 1.0 5 7 .3 57 .4 2 9 2 .1 28 8.4 1 5 8 .5 1 5 9.9 1577 .8 1 5 97 .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. 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. Page 10 H.6 (506) Table 10 MEMORANDUM ITEMS Bttons of dolars. not seasonatiy adjusted Demand deposits al banks due to IRA and Keogh Accounts U.S. government deposits Note balances at depository institutions1 Time and Demand deposits at commercial banks Balance at Federal Reserve 1 8 .9 1 9 .1 1 .7 2 .2 5 .1 5 .1 1 1 .2 1 7 .9 1 8 .0 2 5 .2 3 .1 3 .3 1 .8 1 -5 1 .5 1 9 .2 1 9 .0 1 8 .9 3 .1 1 .8 1 .8 8 .5 5 .0 5 .5 2 2 .3 1 4 .5 1 7 .5 3 1 .9 2 1 .1 2 4 .8 Jana 9 .9 1 0 .0 1 0 .0 1 .5 1 .8 2 .0 1 8 .3 1 7 .3 1 8 .3 4 .8 1 .5 2 -7 9 .7 5 -5 1 0 .4 2 4 .0 4 3 .3 3 2 .7 J tily A u g. Sap. 1 0 .0 9 .8 9 -6 2 .1 2 .1 2 .0 1 5 .8 1 5 .4 1 5 .2 1 .3 1 .4 2 -7 5 .4 5 .1 8 .3 O c t.. Mo t . D ac. 9 .5 9 .2 9 .0 2 .1 1 .9 1 .9 1 5 .4 1 8 .0 1 8 .8 1 .4 1 .3 1 .7 8 .9 8 .9 8 .9 1 .8 1 .9 1 .9 1 7 .1 1 7 -1 1 7 -1 Dale Al At tv ift institutions market funds Total 1 5 2 .5 1 5 2 .1 1 0 2 .5 1 0 1 .9 9 4 .6 9 6 .3 3 4 9 .6 3 5 0 .4 3 .3 3 .2 3 .1 1 5 1 .9 1 5 1 .7 1 5 1 .5 1 0 1 .5 1 0 1 .1 1 0 0 .8 9 7 .4 9 7 .7 9 8 .1 3 5 0 .7 3 5 0 .6 3 5 0 .4 3 8 .3 5 0 .3 4 5 .8 3 .0 3 .1 3 .2 1 5 1 .4 1 5 1 .2 1 5 1 .0 1 0 0 .1 9 9 .0 9 8 .0 9 8 .7 9 9 .7 1 0 0 .6 3 5 0 .2 3 4 9 .9 3 4 9 .6 4 2 .6 1 1 -9 2 0 .4 4 9 .4 1 8 .4 29 .4 3 .3 3 .4 3 .5 1 5 1 .0 1 5 1 .2 1 5 1 .4 9 7 .5 9 8 .0 9 8 .4 1 0 2 .7 1 0 6 .1 1 0 9 .6 3 5 1 .2 3 5 5 .3 3 5 9 .4 5 .4 5 .1 5 .9 1 9 -3 1 8 .7 2 4 .4 2 6 .1 2 5 .1 3 2 .0 3 .7 4 .1 4 .5 1 5 1 .5 1 5 1 .5 1 5 1 .4 9 8 .4 9 7 .9 9 7 .3 1 1 2 .3 a 1 1 4 .3 a 1 1 6 .4 a 3 6 2 .2 e 3 6 3 .7 a 3 6 5 .1 a 2 .9 1 .3 1 .5 6 .8 4 .8 5 .5 3 0 .8 6 .9 1 2 .1 4 0 .2 1 3 .0 1 9 .0 4 .7 4 .7 4 .7 1 5 1 .4 • 1 5 1 .3 • 1 5 1 .3 • 9 6 .9 • 9 6 .6 a 9 6 .2 a 1 1 7 .9 a 1 1 8 .9 a 1 1 9 .8 • 3 6 6 .2 a 3 6 6 .8 a 3 6 7 .4 a 15 22 1 .4 1 .5 4 .3 4 .9 6 .0 3 .3 1 1 .6 9 -7 M ar. 1 8 15 22 29 1 .3 1 .3 2 .0 1 .4 1 .3 4 .9 5 .3 5 .8 5 .6 5 .2 4 .0 1 4 .6 8 .2 1 5 .0 9 .2 1 0 .2 2 1 .2 1 6 .0 2 2 .0 1 5 .6 A p r. 5p 1 2p 1 .8 2 .3 5 .8 4 .9 9 .8 3 .2 1 7 .2 1 0 .3 Foreign commercial banks Foreign oK dal institutions 1 997-M o t . D ac. 9 .0 9 -5 1 .5 1 .5 1 9 9 8 -J a n . Fab. M a r- 9 .8 9 .8 9 -9 A p r- 1999- J a n . Fab. M ar. p Waek a n d in a 1 9 9 9 -F o b . 1. e p Time and savings deposes due to foreign banks and olbcial institutions Source: D a iy Treasury statem ent estimated prefeminary Components may not add to totals due to rouncfing. Total cash balance banks At commercial banks