Full text of H.6 Money Stock Measures : April 18, 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 A pril 18, 2002 M11 M22 M33 DEBT4 Seasonally adjusted 2000-Apr. Nay June July Aug. Sep. Oct. N ov. Dec. 11 12 .0 1 1 06 .0 1 1 06 .4 1 1 0 5 .1 1 102.1 1 099.1 1099.2 1 0 9 1 .7 10 88 .9 4 7 52 .4 47 59 .8 4 781.3 4 8 02 .9 48 37 .0 4 8 69 .0 4886.7 4 901.3 4942.3 6713 .6 67 46 .5 67 99 .3 6 8 54 .5 6 927.7 6 9 86 .9 7 0 10 .6 7 0 31 .6 7 1 16 .0 17 69 4 .9 1776 7.1 1 7852.8 1 7925.8 1 7988.5 1 8 06 7 .3 1811 6.9 1819 3.0 1 8 27 8 .3 2001-Jan. Feb. M ar . Apr. Nay June July Aug. Sep. Oct. Nov. Dec. 1095.8 10 98 .9 1 1 07 .4 1 1 0 9 .7 1 1 16 .6 11 25 .6 11 38 .6 1 1 4 7 .2 1204.6 1 161.5 1 163.6 1178.1 4 9 87 .2 5 0 2 5 .7 5 0 73 .9 5 115.8 5 1 41 .4 51 87 .8 5 229.2 52 70 .0 5388.1 5 377.6 5 4 21 .3 5463.2 72 13 .6 72 79 .6 7331 .8 7 4 34 .3 7 5 25 .4 7 6 12 .3 7 656 .5 7 6 71 .5 7827 .9 78 75 .2 7 9 63 .2 8 031.9 1832 7 .2 18 40 2 .0 1 8 496.8 18 57 5 .6 1 8674.9 1 876 7.9 1 8 825.1 18 93 1 .9 1 9060.2 1915 7 .9 1 927 4 .8 1 937 5.5 2002-Jan. Feb. Nar. 1 181.1 1182.4 1 184.5 54 73 .4 55 0 3 .2 5 496.6 8 0 24.3 80 6 5 .8 80 6 9 .9 1 9410.0 1 9493.1 p p Not seasonally adjusted 2000-Apr. Nay Ju n e July Aug. Sep. Oct. Nov. Dec. 1 1 2 4 .9 1 1 00.4 11 0 2 .6 1104.0 1095.9 1 0 9 0 .5 1 0 9 3 .6 10 93 .3 1 1 12.3 4814.7 47 40 .8 47 65 .4 47 8 3 .7 4 8 16.3 4 8 51 .9 4 863.8 4892.3 4 966.0 6 783.8 6 740.0 6783.9 6815.6 6 8 86.2 6 9 37.2 6 9 60.2 7021.3 71 51 .1 1 7 66 5 .8 17 706.0 17 78 6 .7 1 7 85 1 .2 1 7915.5 1 799 4.6 1 8 05 3 .7 1 8 16 2 .9 1 8 27 0 .1 2001-Jan. Feb. Mar . Apr. May June July Aug. Sep. Oct. Nov. Dec. 10 9 9 .5 1 0 87 .5 1 1 07 .4 1 1 2 2 .6 1 1 11 .0 11 23 .0 1 1 36.6 11 41 .8 1 195.7 1 1 5 6 .0 1 1 64 .6 1 2 02.3 4 992.6 5 0 21 .4 51 12 .2 5 185.7 5 1 22.6 51 74 .1 5 205.3 5 2 45.9 5 3 68.6 5 3 48 .9 5 4 09 .7 54 88 .0 7 234.0 7 3 06 .7 7 4 00.2 75 1 6 .0 75 1 9 .5 75 9 7 .5 76 09.3 7 6 2 2 .4 7 7 67 .1 7 8 1 1 .5 7 9 4 5 .6 8 0 70 .0 1 8 32 3 .8 1 8 39 4 .6 1848 9 .2 1853 7 .0 1 8 59 5 .9 18 68 3 .2 18 734.7 1 8 842.3 1 8 97 0 .8 1 9 08 1 .9 19 23 6 .5 1 9363.8 2002-Jan. Feb. M ar . 1 1 84 .1 1 1 69.7 1 186.5 54 76 .8 5 4 94 .3 5 5 42 .2 8 051.7 80 96 .8 81 51 .8 1 9 40 7 .0 1 9 48 3 .5 p Footnotes appear on the following page p preliminary Components may not add to totals due to rounding. p Page 2 H.6 (508) Table 2 MONEY STOCK AND DEBT MEASURES M2 M3 DEBT1 3 Mon th s from D e c . 2001 TO M a r . 2002 2 .2 2 .4 1 .9 4 .5 6 Months from S e p . 2001 TO M a r . 2002 -3.3 4 .0 6 .2 5.9 12 Month s fr om M a r . 2001 TO M a r . 2002 7 .0 8.3 10.1 5.9 4.2 4 .7 4.4 T h ir te e n weeks ending A p r il 8 , 2002 from t h i r t e e n w e e k s e n d i n g : J a n . 7 , 2 0 0 2 (1 3 w e e k s p r e v i o u s ) 1 M1 Oct. 8, 2001 (2 6 w e e k s p r e v i o u s ) 2 .6 6 .8 8 .2 Apr. 9, 2 001 (5 2 w e e k s p r e v i o u s ) 7 .2 8 .9 10.5 Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, November 2001 to February 2002, August 2001 to February 2002, and I ebruary 2001 to February 2002, respectively. Footnotes to Table 1: C onsists 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 sum m ing 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 m arket funds. Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail money fund balances, each season a lly a d ju s te d separately, and adding this result to seasonally adjusted M1. C onsists 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, com m ercial 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 Z.1 release. In that release, 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. http://fraser.stlouisfed.org/ • • Federal Reserve Bank of St. Louis tr * • • • • • • • # • Page 3 H.6 (508) Table 3 MONEY STOCK MEASURES Billions of dollars Seasonally adjusted M1 Period ending M2 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 2 0 0 2 - J a n , . 14 21 28 1170.8 1172 .1 1173 .5 1181.1 1180.2 1180.0 1176.3 1177.9 1184.4 5435.3 5442.2 5450.1 5467.6 5467.0 5470.8 5466.0 5462.4 5489.9 7 9 7 8 .8 7 9 9 0 .1 80 03 .4 8023.1 8018.3 8021.4 79 99 .5 8015.9 8061.8 4 11 25 1175.2 1176.6 1178.7 1180.1 11 80 .0 1179.8 1183.1 1183.3 1181.3 1175.4 1191.4 1185.1 5456.6 5463.0 5469.8 54 76.1 5475.2 5482.0 5494.3 55 00.4 5482.6 5493.1 5511.6 5514.4 8013 .8 8021 .8 80 29 .8 80 37 .4 8032.5 8045.7 8060.3 8063.5 80 52 .8 8052.3 80 74.1 8074.8 4 11 18 25 1180.6 1181.2 1181.8 1182.7 1183 .0 1183.8 1182.3 1184.1 1180.1 1178.6 1185.5 1192.2 54 80.9 5484.4 5487 .7 5489.6 5506.5 5507.7 5507.4 5 501.4 55 07.0 5497.6 5510.5 5490.6 8041.7 80 46 .1 80 49 .5 8052 .8 8067.1 8070.6 8073.5 8074.3 8067.3 8066.3 8085.7 8077.7 1182.6 1181.6 1185.2 11 82 .5 1184.5 1167.6 5491.2 5491.6 5498.4 5491.7 5494.7 5470.8 8054 .0 80 57 .1 8073.7 8069.4 8065.0 8049.3 Feb. 18 Mar . Apr. IP 8p Not seasonally adjusted •Jan. 14 21 28 1181.2 1182.8 1183.6 1208.3 1199.7 1182.7 1174.6 1177.9 1178.8 5438.7 5449.0 5457.2 5500.5 54 98.5 5481.3 5502.7 5 470.9 5428.5 79 8 0 .8 8 0 01 .0 8019.3 8063.2 8061.7 8054.9 8 078.5 80 60.5 80 37.1 Feb. 4 11 18 25 1184.9 1185 .6 1186.3 1186.0 1177.8 1171.8 1170.4 11 70.0 1179.7 1150.9 1172.2 1177.2 5463.6 54 70.4 5477.0 5483.0 5470.2 5467.2 5474.0 5488.4 54 78 .5 5490.7 54 98 .4 5 4 85 .9 80 33 .6 80 45 .4 8057.2 80 67 .7 80 61.0 8064.6 8075.8 8089.8 80 67 .9 8 0 92 .9 81 05 .4 8093 .0 Mar. 4 11 18 25 1185.0 1185.2 11 84 .9 1183.2 11 71.1 11 75.0 1177.6 1180.9 1183.9 1166.5 1182.7 1190.5 5489.9 5495.2 5499.0 55 01.5 5502.2 5516.2 5529.4 5535.8 5533.8 5546.7 55 51 .1 5511.5 80 76.7 8 0 84 .9 80 88.8 8094.2 8104.8 8121.7 8134.6 8145.5 81 27 .9 8160.5 8156 .8 8136.9 1180.6 1178.3 1188.4 11 88.9 1213.7 1168.8 5505.9 5510.6 5541.0 5550.5 5554.8 55 84.4 8101.5 8112.2 8153.1 8158.6 81 58.1 8182.7 Apr. IP 8p 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 data. C o m p o n e n ts m ay not add to to ta ls d u e 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 At commercial banks4 At thrift institutions6 Total 2 000-Nov. Dec. 527.9 530.1 8.0 8.0 315.4 309.9 1 3 4.8 1 3 3.2 10 5.6 10 7.7 24 0 .5 24 0 .9 2001-Jan. Feb. M ar . 533.6 536.7 539.4 8.1 8.0 312.0 311.2 313.5 133.7 1 3 3.8 1 3 4.8 10 8.5 109.3 111.7 24 2 .2 2 4 3 .1 24 6 .5 Apr. May Ju n e 542.6 546.1 549.3 7 .8 7 .9 310.8 313.0 312.9 1 3 5 .4 1 3 6.4 137.2 113.2 113.2 11 8 .0 24 8 .6 2 4 9 .6 25 5.2 July Aug. Sep. 554.2 562.7 567.7 8.6 8.8 314.8 317.8 370.1 142.7 139.9 1 4 0.5 118.3 1 1 8.0 1 1 7.9 2 6 0 .9 2 5 7 .9 2 5 8 .4 O ct. Nov. 571.4 575.0 579.9 328.6 326.2 329.3 141.2 1 4 1.1 1 4 2.5 112.1 7.8 7 .8 11 3.7 11 8.7 25 3 .3 2 5 4.7 26 1.2 585.7 590.6 594.0 7 .8 7.8 7 .7 326.5 324.1 32 3.0 1 4 2.5 1 4 2.2 141.7 1 1 8 .6 11 7.8 1 1 8 .1 2 6 1 .1 2 5 9 .9 2 5 9 .8 589.6 590.7 591.7 7.8 7.8 7 .8 319.6 332.9 32 3.9 14 1 .9 1 4 3.0 14 3 .0 1 1 6.5 1 1 7 .0 118.7 2 5 8 .4 2 6 0 .0 26 1.7 592.7 592.8 593.6 595.0 7.8 7 .7 7.7 7 .7 318.1 318.5 325.0 329.1 142.2 1 4 1 .8 1 4 1 .4 1 4 2 .6 11 9 .4 11 7 .8 1 1 7.8 1 1 7.7 26 1 .6 25 9 .6 2 5 9.2 26 0 .3 596.1 596.3 7 .7 7 .7 a 32 1.9 306.3 1 4 0.6 14 0 .9 1 1 8.2 11 6 .4 2 5 8 .8 2 5 7 .3 Dec. 2002-Jan. Feb. Mar. P w^ek endina 2 0 0 2 -Fe b . 11 18 25 M ar . 4 11 18 25 Apr. Ip 8p 7 .9 8.2 8 .4 8.2 O utstanding am ount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. D em and deposits at com m ercial 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. C onsists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. C onsists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. e e s tim a te d P p re lim in a ry C o m p o n e n ts m ay not add to to ta ls due to rou nd ing . 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 2 0 0 0 -Nov. Dec. 1 401.7 1423.7 4 54.3 452 .1 1856.1 1875.8 6 94.2 6 99.1 3 43.2 344 .5 1037.4 1043.7 9 16.2 934 .0 3809.6 3 853.5 2001-Jan. Feb. Mar. 1442.7 1467.6 1491.9 4 53.1 4 61.7 471 .0 1895.8 1929.3 1962.9 701 .7 7 00 .2 697.2 3 47 .4 349 .3 3 4 9 .5 1049.1 1049.5 1 046.6 9 46 .4 9 47 .9 9 5 7 .0 3891.4 3926.8 3966.5 Apr. May June 1521.2 1538.1 1563.6 4 76.5 487 .5 498 .1 1997.7 2025.6 2061.7 692 .2 686 .7 6 8 0 .4 3 50 .8 3 5 3 .6 3 5 2 .6 1043.0 1040.4 1033.0 965.4 958.9 967 .5 4006.1 4024.8 4062.2 July Aug. Sep. 1581.2 1612.7 1656.5 508.0 518 .1 528 .0 2089.2 2130.9 2184.4 6 73.3 668 .9 6 63 .8 3 50 .5 3 47.3 345 .7 1023.9 1016.2 1009.4 9 77.6 975.7 989 .7 4090.6 4122.8 4183.5 Oct. Nov. Dec. 1673.6 1713.1 1746.0 543 .1 554 .9 5 61 .4 2216.7 2268.0 2307.4 657 .7 6 48 .9 6 38 .8 3 4 1 .5 3 3 7 .4 333 .7 9 99 .2 9 86 .3 9 7 2 .5 1000.2 1003.3 1005.1 4216.1 4257.7 4285.0 1773.3 1805.6 1813.2 572.7 592.6 607.4 2346.0 2398.2 2420.6 6 2 9 .6 6 2 2 .0 6 15 .4 328 .2 324 .7 322 .5 9 57 .8 9 46 .7 9 37 .9 988.5 975.9 953 .5 4292.2 4320.8 4312.0 11 18 25 1804.8 1803.6 1810.6 588 .0 5 93.0 5 98 .9 2392.8 2396.7 2409.5 623.0 6 2 2 .0 620 .8 3 25.3 3 24 .6 3 2 4 .1 9 4 8 .3 9 46 .6 94 4 .9 976 .7 977 .0 9 74.9 4317.8 4320.2 4 329.3 4 11 18 25 1816.5 1818.4 1821.7 1802.0 598 .3 601.0 609.8 612 .6 2414.8 2419.4 2431.5 2414.6 6 19 .0 616 .9 6 1 5 .4 614 .2 3 2 3 .9 3 23 .6 322 .6 3 2 1 .6 943.0 9 40 .4 93 8 .0 93 5 .8 969 .1 959.2 955 .5 9 48 .0 4326.8 4319.0 4325.0 4298.4 1818.0 1825.4 6 17.4 6 10.4 2435.4 2435.8 6 12 .8 6 11 .5 3 21.2 320 .7 9 3 4 .0 932 .2 940 .8 9 35.1 4310.3 4303.2 2002-Jan. Feb. Mar. p Wee k e n d i n g 2 0 0 2 - Fe b. Mar. Apr. 1. 2. At thrift institutions Small-denomination time deposits2 Ip 8p 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 p re lim in a ry C o m p o n e n ts m ay not add to to ta ls due to rou nd ing . 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 At commercial banks2 At thrift institutions RPs3 Eurodollars4 Total Total Non-M2 M3 Debt components5 Non-Federal Federal 2 0 0 0 -Nov. Dec. 773.4 792.5 698.8 717.9 103.6 102.9 802.4 820.8 360.4 364.0 19 4.0 196.4 2 1 3 0 .2 2 1 73 .6 3 4 18 .9 3 4 00 .4 1 4 77 4 .1 1 4 87 7 .9 2001-Jan. Feb. Mar. 822.1 878.7 901.6 733.4 69 9.0 672.7 106.2 106.9 107.2 839.6 805.9 779.9 364.2 359.2 352.7 200.5 210.2 2 2 3.7 22 26 .4 22 53 .9 22 57 .9 3 380.7 33 72 .9 3 3 76 .8 1 4 94 6 .5 1 5 02 9 .2 15 12 0 .0 Apr. May June 926.9 979.9 10 1 8 .8 693.6 700.6 705.3 109.2 110.7 109.6 802.7 811.3 814.9 372.0 377.3 377.7 216.9 21 5.5 213.1 23 18 .5 23 83 .9 24 24 .5 3 3 47 .5 3 3 00 .9 33 05 .4 1 5 2 2 8 .0 1 5 37 4 .0 1 5 46 2 .5 Ju l y Aug. Sep. 1 0 30.1 1 0 2 2 .5 1 0 72.2 696.2 681.9 678.5 111.5 114.6 115.7 807.7 796.4 794.1 373.5 369.6 358.6 216.1 213.0 214.8 24 2 7 .3 2 4 01 .5 2 4 3 9 .7 33 17 .9 33 39 .0 33 73 .2 1 5 50 7 .2 1 5 59 2 .9 1568 7 .1 Oct. Nov. Dec. 1 1 40.2 1 1 7 1 .6 1 1 97 .2 674.6 668.8 672.8 116.1 114.6 113.9 790.7 783.4 786.7 354.6 371.0 372.0 212.0 215.9 212.9 2 4 97 .5 2 5 41 .9 2 5 68 .8 3373.2 3372.8 3381.4 1 5 784.7 1 5 90 1 .9 1 5 99 4 .1 1 1 67 .1 1 1 66 .3 1167.9 684.5 687.1 697.2 115.0 114.4 113.7 799.5 801.5 810.9 372.7 376.5 374.2 211.6 2 18.2 2 2 0.3 25 50 .9 25 62 .5 2 5 73 .3 3 380.1 34 01 .2 11 18 25 1 1 58.2 11 69 .2 11 7 1 .1 693.4 683.1 678.9 114.9 114.0 114.0 808.3 797.1 792.9 372.7 376.9 379.0 220.1 21 9.3 217.4 2 5 5 9 .2 2 5 62 .5 2 5 60 .4 4 11 18 25 1 1 6 5 .8 1 1 6 5 .0 1 1 8 1 .6 1 1 6 7 .1 682.5 689.2 690.4 706.8 113.6 113.2 113.4 113.9 796.1 802.4 803.7 820.8 380.5 379.9 371.4 376.3 217.9 221.3 218.5 223.0 2 5 6 0 .3 2 5 6 8 .7 25 7 5 .3 25 87 .1 1157.4 1 158.0 714.8 714.8 114.3 114.2 829.1 829.0 363.9 371.8 219.8 219.6 25 7 0 .2 25 78 .4 2002-Jan. Feb. Mar. P Wftek e n d i n g 2002-Feb. Mar. Apr. lp 8P Larqe-aenom inaiiori unit; L a rg e -d e n o m in a tio n a ic u iuoc iooucu m wi y ' w , v w ^ w 0 . 16 02 9 .9 16 0 9 1 .9 p u i. official institutions. . . . . .. O verm qht and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money tunas. O vernight 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, e x c lu d in g 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 p re lim in a ry C o m p o n e n ts m ay not add to to ta ls due to rou nd ing . m time deposits at commercial banks less those held by money market mutual funds, depository Institutions, U.S. government, ana foreign banks ana p Page 7 H.6 (508) Table 7 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 B illions of dollars Currency’ Date Travelers checks2 Other checkable deposits Demand deposits3 At commercial banks4 At thrift institutions5 Total Dec. 52 8.2 53 5.2 8.2 8.1 318.7 326.5 132.7 1 3 6 .0 105.5 106.5 2 3 8 .2 2 4 2 .5 2001-Jan. Feb. Mar. 532.2 53 6.2 539.8 8.2 8.2 8.0 31 5.0 303.9 310.9 13 9 .1 13 3 .1 1 3 6 .5 10 5.1 106.2 112.2 244.1 23 9 .3 24 8 .7 Apr. May June 54 2.9 545.8 548.8 7 .9 31 2.5 306.8 309.8 14 2 .5 1 3 6 .9 13 7 .5 11 6.9 11 3.4 118.8 2 5 9 .3 25 0 .2 2 5 6 .3 July Aug. Sep. 554.5 561.9 566.3 8.2 315.4 316.1 366.1 1 3 8.7 1 3 5 .4 13 5 .4 119.8 120.0 258.4 255.4 2 5 5 .1 Oct. 569.7 575.4 584.9 328.1 329.2 347.0 13 8 .8 138.7 14 6 .0 11 3.4 11 6.6 2 5 0 .0 2 5 2 .1 2 6 2 .5 329.0 316.2 321.7 1 4 8 .4 1 4 1 .4 1 4 3.5 11 4.4 11 4.0 11 8.5 2 6 2 .9 2 5 5 .4 2 6 2 .0 13 7.3 14 0.3 14 4 .8 11 3.4 11 1 .4 11 3.1 2 5 0 .8 2 5 1 .8 2 5 8 .0 20 00-Nov. Nov. Dec. 584.3 590.1 595.0 2002-Jan. Feb. Mar. p 8.0 8.0 8.4 8.3 8.1 7 .9 7 .9 8.0 8.0 7 .9 119.7 111.2 We e k e n d i n g 2 002-Feb. 11 18 25 Mar. 4 11 18 25 Apr. Ip 8p 589.6 591.5 590.4 7 .9 302.5 321.0 320.9 592.7 594.5 594.3 594.7 7 .9 7 .9 7.9 7.9 31 9.6 307.1 322.7 323.7 1 4 3.3 13 8 .2 14 0.7 14 7 .8 1 2 0.4 11 8.7 1 1 7.0 1 1 6.4 2 6 3 .7 2 5 7 .0 25 7 .8 26 4 .2 596.9 599.3 7 .9 7.9 • 339.4 2 9 6 .6 148.3 14 2.2 121.2 122.8 2 6 9 .6 265.0 8.0 8.0 1. 2. 3. 4. 5. 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 e s tim a te d p p re lim in a ry C o m p o n e n ts m ay not add to to ta ls due to ro u n d in g . 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 At thrift institutions At commercial banks Total At thrift institutions Total Retail money funds Total Non-M1 M2 2 0 0 0 -Nov. Dec. 13 98 .9 14 26 .9 45 3.4 45 3.1 1852.4 1880.0 696.1 70 0 .0 344.1 345.0 1040.1 1045.0 906.6 92 8.7 37 99 .1 3853.7 2001-Jan. Feb. Mar. 1436.3 1 4 59 .9 14 99 .1 45 1.1 459.3 473.2 1887.4 1919.2 1972.3 7 0 4.1 70 2.4 697.8 348.6 350.5 349.7 1052.8 1052.9 1047.5 952.9 961.9 98 5.0 3893 .0 3933.9 4004 .8 Apr. May June 15 42 .8 15 36 .1 15 67 .5 483.2 486.9 499.3 20 26 .0 2022 .9 2066.8 691.7 684.3 677.0 350.5 352.4 350.8 1042.2 1036.7 1027.8 994.8 951.9 956.5 4063.0 4011.6 4051.1 July Aug. Sep. 1579.7 16 07 .4 16 55 .4 507.6 671.1 667.9 664.2 349.4 346.8 345.9 1020 .4 1014.7 527.6 2087.3 2123 .9 21 83 .0 1010.0 96 1.0 96 5.6 979.8 4068.7 41 04.1 41 72.8 Oct. Nov. Dec. 16 61 .6 17 1 0 .3 17 50 .4 539.2 2200.8 554.0 562.8 2264.3 2313.2 659.3 650.7 639.5 342.4 338.3 334.0 1001.7 988.9 97 3.5 990.4 991.9 99 9.0 41 92.9 42 45.1 4285.7 570.4 23 36 .6 23 84 .8 24 35 .0 631.7 623.8 615.8 329.3 325.7 322.7 960.9 949.5 93 8.5 99 5.3 99 0.3 98 2.1 4292.7 4324.6 4355.6 1766.2 17 95 .5 1824 .0 611.0 11 18 25 18 07 .9 1796.3 1780.2 590.6 588.9 23 96 .9 23 87 .0 23 69 .0 625.2 62 3.9 622.2 326.5 325.6 324.8 951.7 949.5 947.0 991.2 98 9.8 992.6 4339.8 4326.2 4308.7 4 11 18 25 1819 .4 1 8 43 .6 1 8 33 .0 17 93 .5 599.3 609.4 613.6 609.6 2418.7 2 4 53 .0 2 4 46 .5 2403 .2 62 0.1 617.5 615.8 614.4 324.5 323.9 322.8 321.7 944.5 941.4 938.7 936.2 986.7 9 8 5.8 983.3 9 8 1.6 4349 .9 4380.2 43 68.5 4 3 21 .0 1 8 16 .5 18 80 .3 616.9 628.8 2 4 33 .4 2 5 09 .1 612.7 611.8 321.2 320.9 93 3.9 932.7 9 7 3.9 9 7 3.8 4341.2 4415.7 2002-Jan. Feb. Mar. p W ee k e n d i n a 2 0 0 2 -Fe b . Mar. Apr. 516.4 Ip 8p 589.3 589.1 1 Savings deposits include m oney m arket deposit accounts. 2 S m a ll-d e n o m in a tio n tim e d e p o s its —-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 prelim inary C om ponents may not add to totals due to rounding. http://fraser.stlouisfed.org/ • • Federal Reserve Bank of St. Louis . m . • • • • • • • • • • Page 9 H.6 (508) T able 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT B illions of dollars Institutional money funds Date At commercial banks2 At thrift institutions Total At commercial banks At thrift Total 2 1 2 9 .0 21 8 5 .1 3401.2 3403.5 14761.8 14866.6 22 5 .9 2 2 4 1 .4 22 85 .3 2 2 8 8 .0 3373.2 3368.7 3392.5 14950.7 15025.9 15096.7 37 0.9 3 8 2.8 38 2 .9 21 9 .5 21 8.7 2 1 3 .5 23 30 .3 23 9 6 .9 24 2 3 .4 3341.0 3262.9 3252.0 15196.0 15333.0 15431.1 58 .1 55 .9 49.3 37 3.9 36 8.5 353.1 2 1 3 .8 210.0 212.0 2 4 0 4 .0 2 3 7 6 .5 2 3 9 8 .5 3247.7 3281.0 3319.1 15487.0 15561.3 15651.7 29 9 .7 31 7.5 31 2.4 48 .2 52 .8 60 .4 34 8.0 370.3 372.7 20 8 .1 21 4 .9 21 4 .1 24 6 2 .6 25 3 5 .9 2 5 8 2 .0 3318.2 3352.4 3384.0 15763.7 15884.1 15979.8 790.8 799.6 813.8 2 9 8 .4 2 9 9 .0 29 9 .7 7 4 .4 7 9 .1 7 5 .4 372.7 37 8.1 37 5.1 212.6 220.6 2 5 7 4 .9 2 6 0 2 .5 2 6 0 9 .7 3372.0 3396.3 p 16035.1 16087.2 p 114.1 114.3 114.3 802.7 799.0 794.8 2 9 7 .8 2 9 9 .8 2 9 9 .8 80.8 7 7 .8 7 7 .1 37 8.6 377.7 377.0 22 0 .4 22 2.7 114.2 113.9 11 3.6 113.8 80 0.0 807.4 805.7 819.5 30 2.4 3 0 2.0 2 9 6 .3 305.5 7 8 .1 80 .4 76.6 73 .3 3 8 0.4 38 2.4 37 2.9 37 8.8 220.0 1200.8 685.8 69 3.5 69 2.0 70 5 .7 226.3 11 83.1 11 72.3 7 1 9 .6 72 1 .0 115.0 115.2 834.6 836.2 2 9 2 .5 3 0 2.4 68 .9 66.2 36 1.4 36 8.6 221.2 805.2 821.3 302.2 306.1 58.3 58.2 360.5 364.2 192.8 198.2 2001-Jan. Feb. Mar. 844.7 907.0 92 4.9 72 5 .5 697.4 675.1 105.0 106.6 107.6 830.5 804.0 782.7 306.7 301.6 29 6.3 57 .7 59 .9 58.2 364.4 361.5 354.5 2 0 1 .9 212.8 Apr. May June 93 4.8 977.3 1006.5 695.6 7 0 6 .4 71 0.2 109.5 11 0.4 805.1 818.1 820.6 31 1.6 32 3.1 324.2 59.3 59.7 58.7 July Aug. Sep. 1008.9 1005.2 10 42.4 695.9 678.7 675.8 111.5 114.0 115.2 807.4 792.8 791.0 31 5.8 31 2.6 303.8 O c t. Nov. Dec. 1117.8 1165.2 12 08 .3 67 2.9 670.5 67 2.9 115.8 11 4.9 11 3.9 788.8 785.4 786.8 2 0 0 2 -Jan. 11 98 .8 12 04.2 1198.3 677.0 685.5 699.7 113.8 114.1 114.1 1200.5 1207.6 12 13.2 688.6 684.7 680.6 11 18 25 Apr. Ip 8p Debt components5 Non-Federal 104.0 103.0 4 Total Non-M2 M3 Federal 70 1 .2 7 1 8 .4 Mar. 5. Eurodollars4 770.6 801.4 Week endina 2002-Feb. 11 18 25 3. 4. RPs3 2 0 00-Nov. Dec . Feb. Mar. p 2. Large-denomination time deposits1 1193 .7 1202.7 1207.2 111.6 2 2 2 .5 222.2 2 2 1.3 220.0 22 4 .1 26 0 2 .2 26 0 7 .0 26 0 7 .2 2 5 9 4 .0 2 6 1 3 .7 2 6 0 5 .7 2 6 2 5 .4 26 0 3 .2 25 9 8 .3 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. 9 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 ail 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 p re lim in a ry C o m p o n e n ts m ay not add to to ta ls du e to rou nd ing . 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 Note balances at depository institutions1 Total cash balance Tim§ and At savings deposits at commercial commercial banks banks 139.5 139.6 390.1 391.2 45.7 6.8 22.1 7 .4 8.1 157.8 159.0 160.2 95.3 95.9 96 .4 143.0 148.4 153.8 396.1 403.3 410.5 8.7 9.2 9.7 161.0 161.2 161.4 96 .4 95 .9 95 .4 156.1 155.4 154.8 413.4 412.5 411.6 10.2 10.8 161.3 160.9 160.5 95.3 95.5 95.7 154.6 • 154.8 • 155.1 • 411.2 • 411.3 • 411.3 • 10.7 160.3 160.3 160.2 95.5 95.1 94.6 155.2 • 155.2 • 155.2 • 411.0 • 410.5 • 410.0 • 10.5 • 10.5 • 10.5 • 160.4 • 160.8 • 161.2 • 94 .5 • 94.5 • 94.5 • 155.2 • 155.2 • 155.2 • 410.0 • 410.5 • 410.9 • 2.6 1.2 1.2 6.7 4 .9 5.4 36.5 16.0 6.4 13.0 1.2 1.2 1.1 34.9 30.7 26.5 4.7 5.9 5.1 5.6 18.8 25.7 15.2 29.4 31.9 22.8 1.1 1.1 23.7 21.9 5.1 5.0 1.3 20.2 6.6 19.9 26.7 19.6 26 .1 32.8 28.4 8 .2 1.6 8.4 8.5 1.4 1.5 19.2 18.8 18.4 5.2 5.1 5.3 27.8 22.5 27.2 35.6 30.4 36.5 11.1 1.4 e 1.4 e 1.4 e 18.3 e 18.3 e 18.3 e 2.7 7 .0 4 .9 5.6 39.2 33.0 16.9 49.7 40.5 25.1 11 18 25 2.3 3.0 2 .4 4.9 5.0 4 .5 31.9 27.5 36.8 39.2 35.6 43.7 4 2.6 2.2 5.4 4.9 6.4 5.4 22.6 10.0 19.9 27.6 30.7 17.1 29.7 35.3 5.3 5 .1 10.9 19.0 2.8 11.2 9.5 8.4 7.3 1.5 1.4 1.3 "Ard i *. May June 6.9 7.4 7.8 July Aug. Sep. 8 .0 8 .0 8.1 Oct. Nov. Doc. 8 .6 8 .6 8 .6 2002-Jan. Fob. M ar . P e e e 11 18 25 IP 8p 1. Source: Daily Treasury statement, e estim ated p prelim inary C om ponents may not add to totals due to rounding. 1.1 2.0 1.1 1.1 2.1 2.6 2.8 4.1 3.5 2.6 3.4 2 .4 2.8 3.4 Total 94.1 94.7 32.0 34.1 36.2 2001-Jan. Fo b. Mar. At money market funds 156.6 156.9 16.9 18.9 29.9 30.5 1.4 At thrift institutions 6.3 6.3 10.6 11.6 1.6 Apr. Balance at Federal Reserve 5.1 5.8 9.0 9.9 Mar. Demand deposits at commercial banks 1.2 1.5 Doc. 2000-Nov. 2002-Fob. IRA and Keogh Accounts U.S. government deposits 11 .4 11 .5