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FEDERAL RESERVE statistical release H.6 (508) MONEY STOCK MEASURES For release at 4:30 p.m. Eastern Time January 14, 2021 Revisions to the H.6 Statistical Release The last weekly H.6 statistical release will be published on February 11, 2021 at 4:30 p.m. The first monthly H.6 statistical release, inclusive of the revisions announced on December 17, 2020, will be published on February 23, 2021 at 1:00 p.m. For more information on these revisions, see the announcement and Technical Q&As posted on December 17, 2020. FEDERAL RESERVE statistical release H.6 (508) MONEY STOCK MEASURES For release at 4:30 p.m. Eastern Time Money Stock Measures Table 1 Money Stock Measures Billions of dollars unless otherwise noted Seasonally adjusted Not seasonally adjusted Monetary base Date M11 M22 Memorandum: Reserves Currency in circulation3 Reserve balances4 Monetary base5 M11 M22 Total reserves6 Total ($M) borrowings7 Nonborrowed reserves8 2019-Aug. Sept. Oct. Nov. Dec. 3,853.2 3,903.0 3,922.8 3,947.4 3,976.9 14,933.3 15,022.9 15,149.9 15,251.2 15,307.1 1,750.5 1,762.9 1,771.3 1,786.2 1,796.4 1,520.9 1,439.8 1,481.5 1,529.3 1,630.1 3,271.4 3,202.7 3,252.8 3,315.6 3,426.5 3,847.1 3,874.3 3,921.6 3,922.2 4,041.2 14,906.1 14,997.1 15,123.8 15,270.4 15,422.8 1,586.8 1,504.8 1,547.1 1,595.2 1,698.3 116.9 101.5 62.8 26.1 21.4 1,586.7 1,504.7 1,547.1 1,595.2 1,698.3 2020-Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 3,975.1 4,003.1 4,256.7 4,799.0 5,035.3 5,215.1 5,331.8 5,391.2 5,502.6 5,580.5 6,047.7 6,619.4 15,402.1 15,446.9 15,989.9 17,020.1 17,868.7 18,164.1 18,322.3 18,404.1 18,648.4 18,812.1 19,086.1 19,186.9 1,797.2 1,797.5 1,838.0 1,891.3 1,931.8 1,958.3 1,981.7 2,007.7 2,027.6 2,040.5 2,058.4 2,071.6 1,645.4 1,657.0 2,045.1 2,953.6 3,217.6 3,043.6 2,718.5 2,799.7 2,852.8 2,876.6 3,034.7 3,134.9 3,442.6 3,454.5 3,883.1 4,844.9 5,149.4 5,001.8 4,700.3 4,807.4 4,880.4 4,917.2 5,093.1 5,206.6 3,980.0 3,939.7 4,287.7 4,849.4 5,016.6 5,217.9 5,333.2 5,373.6 5,459.9 5,571.0 6,006.2 6,761.4 15,405.2 15,392.7 16,066.4 17,112.9 17,777.4 18,116.2 18,274.0 18,361.2 18,603.3 18,780.6 19,099.7 19,389.8 1,715.2 1,726.9 2,099.4 2,953.6 3,217.6 3,043.6 2,718.5 2,799.7 2,852.8 2,876.6 3,034.7 3,134.9 5.8 3.2 40,553.7 124,460.6 111,844.6 97,671.4 92,943.3 83,125.6 78,387.1 74,058.7 66,597.5 58,684.8 1,715.2 1,726.9 2,058.8 2,829.1 3,105.8 2,945.9 2,625.6 2,716.6 2,774.4 2,802.6 2,968.1 3,076.2 Percent change at seasonally adjusted annual rates 3 Months from Sept. 2020 TO Dec. 2020 6 Months from June 2020 TO Dec. 2020 12 Months from Dec. 2019 TO Dec. 2020 M1 M2 81.2 53.9 66.4 11.6 11.3 25.3 Components may not add to totals due to rounding. 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by 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 (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs, each seasonally adjusted separately. 2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1. 3. Currency consists of Federal Reserve notes and coin outside the U.S. Treasury and Federal Reserve Banks. 4. Reserve balances are balances held by depository institutions in master accounts and excess balance accounts at Federal Reserve Banks. 5. Monetary base equals currency in circulation plus reserve balances. 6. Total reserves equal reserve balances plus, before April 2020, vault cash used to satisfy reserve requirements. 7. Total borrowings in millions of dollars from the Federal Reserve are borrowings from the discount window's primary, secondary, and seasonal credit programs and other borrowings from emergency lending facilities. For borrowings included, see "Loans" on table 1 of the H.4.1 statistical release. 8. Nonborrowed reserves equal total reserves less total borrowings from the Federal Reserve. H.6 (508) MONEY STOCK MEASURES Page 3 Table 2 Money Stock Measures Billions of dollars Seasonally adjusted M1 Period ending Not seasonally adjusted M2 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 13-week average 4-week average week average 2020-Oct. 12 Oct. 19 Oct. 26 5,450.7 5,465.8 5,482.6 5,544.3 5,539.7 5,559.8 5,604.2 5,546.0 5,581.0 18,508.7 18,547.3 18,590.3 18,709.7 18,736.2 18,785.0 18,795.9 18,815.7 18,838.9 5,422.8 5,435.5 5,452.5 5,509.7 5,517.0 5,525.7 5,368.8 5,482.6 5,726.1 18,460.1 18,500.9 18,547.3 18,656.9 18,703.0 18,747.7 18,735.1 18,797.9 18,743.2 Nov. 2 Nov. 9 Nov. 16 Nov. 23 Nov. 30 5,493.9 5,518.8 5,549.4 5,616.1 5,703.3 5,591.7 5,624.5 5,671.3 5,833.9 6,060.8 5,635.4 5,735.4 5,733.5 6,231.4 6,542.8 18,639.7 18,691.4 18,742.7 18,799.9 18,841.6 18,836.4 18,904.2 18,977.3 19,047.8 19,073.7 18,894.9 19,067.1 19,108.4 19,120.8 18,998.3 5,472.1 5,497.8 5,523.4 5,585.6 5,677.8 5,613.1 5,644.4 5,657.3 5,777.4 6,024.9 5,874.8 5,493.9 5,534.3 6,206.4 6,865.1 18,599.9 18,653.6 18,708.3 18,769.2 18,827.3 18,803.9 18,876.3 18,955.7 19,044.3 19,105.7 18,939.5 19,024.6 19,115.5 19,097.4 19,185.4 Dec. 7 Dec. 14 Dec. 21 Dec. 28 5,794.8 5,885.3 5,970.1 6,048.8 6,273.0 6,525.2 6,634.1 6,629.3 6,584.3 6,742.2 6,667.2 6,523.6 18,892.4 18,939.1 18,976.6 19,009.5 19,113.5 19,161.2 19,180.2 19,198.6 19,226.6 19,299.1 19,196.9 19,071.8 5,770.8 5,866.0 5,969.7 6,073.3 6,275.4 6,527.0 6,675.6 6,718.9 6,495.8 6,540.8 6,800.6 7,038.2 18,883.4 18,937.3 18,999.2 19,066.6 19,173.9 19,234.3 19,314.3 19,378.0 19,297.4 19,356.9 19,417.3 19,440.3 6,143.8 6,668.7 6,741.8 19,047.2 19,186.8 19,179.2 6,190.1 6,856.0 7,044.4 19,127.8 19,431.4 19,511.2 2021-Jan. 4 Percent change at seasonally adjusted annual rates Thirteen weeks ending January 4, 2021 from thirteen weeks ending: Oct. 5, 2020 (13 weeks previous) July 6, 2020 (26 weeks previous) Jan. 6, 2020 (52 weeks previous) M1 M2 52.9 43.1 55.4 12.3 14.0 24.9 Components may not add to totals due to rounding. Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision. H.6 (508) MONEY STOCK MEASURES Page 4 Table 3 Seasonally Adjusted Components of M1 Billions of dollars Other checkable deposits Date Month 2019-Aug. Sept. Currency1 Demand deposits2 At commercial banks3 At thrift institutions4 Total 1,674.3 1,685.0 1,521.1 1,553.8 358.1 364.4 299.7 299.8 657.8 664.2 Oct. Nov. Dec. 1,693.4 1,703.3 1,710.9 1,562.9 1,579.8 1,592.1 365.0 362.5 367.1 301.5 301.8 306.8 666.5 664.3 673.9 2020-Jan. Feb. Mar. 1,720.7 1,723.5 1,744.7 1,580.7 1,602.1 1,813.5 364.7 367.8 377.1 309.0 309.8 321.5 673.7 677.5 698.6 Apr. May June 1,780.3 1,818.6 1,856.0 2,032.4 2,151.4 2,212.3 369.7 407.9 469.4 616.6 657.4 677.3 986.3 1,065.2 1,146.7 July Aug. Sept. 1,884.3 1,912.5 1,929.6 2,249.6 2,280.4 2,419.0 483.4 481.7 413.6 714.4 716.6 740.4 1,197.9 1,198.3 1,154.0 Oct. Nov. Dec. 1,944.3 1,957.8 1,971.0 2,438.3 2,804.4 3,277.9 438.6 507.8 584.4 759.3 777.8 786.0 1,197.9 1,285.6 1,370.4 Week ending 2020-Nov. 9 Nov. 16 Nov. 23 Nov. 30 1,952.6 1,957.1 1,961.1 1,962.9 2,527.4 2,515.8 2,966.4 3,240.2 456.0 459.0 534.8 591.5 799.4 801.6 769.1 748.2 1,255.4 1,260.6 1,303.9 1,339.7 Dec. 7 Dec. 14 Dec. 21 Dec. 28 1,967.9 1,969.4 1,970.6 1,972.1 3,237.6 3,374.8 3,321.1 3,204.9 586.2 595.0 588.8 575.4 792.7 803.0 786.7 771.1 1,378.9 1,398.0 1,375.5 1,346.5 1,977.7 3,386.0 584.3 793.7 1,378.1 2021-Jan. 4 Components may not add to totals due to rounding. e estimated 1. Currency consists of Federal Reserve notes and coin outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions. 2. Demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float. 3. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 4. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions. H.6 (508) MONEY STOCK MEASURES Page 5 Table 4 Seasonally Adjusted Components of Non-M1 M2 Billions of dollars Savings deposits1 Date Small-denomination time deposits2 Retail money funds3 Total non-M1 M2 Memorandum: Institutional money funds4 At commercial banks At thrift institutions Total At commercial banks At thrift institutions Total 8,203.4 8,228.6 1,338.7 1,340.1 9,542.1 9,568.7 480.8 476.8 124.8 125.3 605.5 602.1 932.6 949.1 11,080.2 11,119.9 2,125.5 2,159.6 Oct. Nov. Dec. 8,308.0 8,378.2 8,418.2 1,348.5 1,346.5 1,347.7 9,656.5 9,724.7 9,765.9 471.2 465.2 458.7 125.5 125.2 124.2 596.7 590.4 582.8 973.8 988.7 981.5 11,227.1 11,303.9 11,330.2 2,203.7 2,240.5 2,251.8 2020-Jan. Feb. Mar. 8,527.2 8,566.7 8,802.7 1,348.5 1,357.7 1,399.2 9,875.7 9,924.4 10,201.9 451.0 429.6 406.8 117.6 109.5 101.6 568.6 539.1 508.4 982.7 980.3 1,022.9 11,427.0 11,443.8 11,733.2 2,270.0 2,262.3 2,489.1 Apr. May June 9,443.7 9,977.2 10,102.3 1,192.3 1,254.5 1,280.8 10,636.0 11,231.7 11,383.2 392.0 373.6 345.5 93.7 89.3 83.8 485.8 463.0 429.2 1,099.2 1,138.7 1,136.7 12,221.0 12,833.4 12,949.1 3,101.2 3,323.7 3,245.0 July Aug. Sept. 10,190.2 10,234.8 10,385.1 1,282.7 1,300.2 1,314.9 11,472.9 11,535.0 11,700.0 317.2 289.9 269.2 80.1 78.3 76.2 397.3 368.2 345.3 1,120.3 1,109.6 1,100.5 12,990.5 13,012.8 13,145.8 3,155.1 3,079.3 2,981.5 Oct. Nov. Dec. 10,484.9 10,303.2 9,867.5 1,332.5 1,347.5 1,363.3 11,817.4 11,650.7 11,230.8 244.8 215.1 193.2 71.2 66.8 62.8 316.0 281.9 256.0 1,098.2 1,105.7 1,080.7 13,231.6 13,038.4 12,567.5 2,907.6 2,836.2 2,801.7 Week ending 2020-Nov. 9 Nov. 16 Nov. 23 Nov. 30 10,598.8 10,647.0 10,153.4 9,716.1 1,330.5 1,334.9 1,353.6 1,370.9 11,929.3 11,981.9 11,507.0 11,087.0 223.6 217.2 210.5 204.6 68.2 67.4 66.2 65.1 291.8 284.6 276.7 269.8 1,110.6 1,108.5 1,105.7 1,098.6 13,331.7 13,374.9 12,889.5 12,455.5 2,849.2 2,823.7 2,843.0 2,817.8 Dec. 7 Dec. 14 Dec. 21 Dec. 28 9,938.4 9,875.4 9,838.8 9,835.1 1,348.2 1,337.4 1,358.8 1,389.3 11,286.6 11,212.7 11,197.6 11,224.4 198.1 196.2 192.7 189.1 64.3 63.6 62.3 61.7 262.4 259.8 255.0 250.8 1,093.2 1,084.4 1,077.1 1,073.1 12,642.2 12,556.9 12,529.7 12,548.3 2,819.1 2,817.3 2,771.2 2,813.5 9,736.6 1,384.7 11,121.3 184.7 61.2 245.9 1,070.2 12,437.4 2,769.4 Month 2019-Aug. Sept. 2021-Jan. 4 Components may not add to totals due to rounding. 1. Savings deposits include money market deposit accounts. 2. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits. 3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. 4. Institutional money funds are not part of non-M1 M2. H.6 (508) MONEY STOCK MEASURES Page 6 Table 5 Not Seasonally Adjusted Components of M1 Billions of dollars Other checkable deposits Date Month 2019-Aug. Sept. Currency1 Demand deposits2 At commercial banks3 At thrift institutions4 Total 1,671.5 1,683.8 1,522.7 1,534.7 353.7 358.0 299.0 297.8 652.8 655.8 Oct. Nov. Dec. 1,692.3 1,704.3 1,713.1 1,570.0 1,566.2 1,647.6 359.3 352.0 372.6 300.1 299.7 307.9 659.4 651.7 680.5 2020-Jan. Feb. Mar. 1,714.0 1,718.2 1,747.4 1,584.4 1,557.4 1,826.6 379.0 361.7 384.0 302.7 302.4 329.7 681.7 664.1 713.7 Apr. May June 1,784.3 1,824.4 1,857.1 2,046.3 2,124.4 2,213.9 383.4 408.8 467.2 635.5 659.0 679.8 1,018.8 1,067.9 1,146.9 July Aug. Sept. 1,884.3 1,909.0 1,929.4 2,261.3 2,276.1 2,389.6 476.3 474.9 406.9 711.3 713.6 734.0 1,187.6 1,188.5 1,140.9 Oct. Nov. Dec. 1,944.2 1,958.0 1,974.2 2,443.5 2,786.2 3,401.9 431.3 492.8 593.9 752.0 769.2 791.4 1,183.3 1,262.0 1,385.3 Week ending 2020-Nov. 9 Nov. 16 Nov. 23 Nov. 30 1,954.5 1,956.7 1,959.0 1,963.9 2,344.0 2,371.7 2,959.4 3,530.1 428.3 434.0 524.2 597.9 767.0 772.0 763.9 773.2 1,195.3 1,205.9 1,288.0 1,371.1 Dec. 7 Dec. 14 Dec. 21 Dec. 28 1,966.5 1,969.3 1,975.1 1,982.8 3,184.3 3,219.4 3,431.4 3,632.3 563.3 568.3 600.9 625.9 781.8 783.7 793.2 797.2 1,345.0 1,352.0 1,394.1 1,423.1 1,982.5 3,624.5 621.1 816.3 1,437.4 2021-Jan. 4 Components may not add to totals due to rounding. e estimated 1. Currency consists of Federal Reserve notes and coin outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions. 2. Demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float. 3. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. 4. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions. H.6 (508) MONEY STOCK MEASURES Page 7 Table 6 Not Seasonally Adjusted Components of Non-M1 M2 Billions of dollars Savings deposits1 Date Small-denomination time deposits2 Retail money funds3 Total non-M1 M2 Memorandum: Institutional money funds4 At commercial banks At thrift institutions Total At commercial banks At thrift institutions Total 8,189.8 8,235.4 1,336.5 1,341.3 9,526.3 9,576.7 484.9 478.6 125.8 125.8 610.7 604.4 922.0 941.6 11,059.1 11,122.7 2,126.9 2,158.2 Oct. Nov. Dec. 8,292.5 8,425.6 8,461.1 1,346.0 1,354.1 1,354.6 9,638.5 9,779.7 9,815.7 469.7 460.4 451.8 125.1 123.9 122.3 594.9 584.3 574.1 968.8 984.2 991.9 11,202.2 11,348.2 11,381.6 2,198.5 2,253.8 2,291.5 2020-Jan. Feb. Mar. 8,514.9 8,564.6 8,828.7 1,346.6 1,357.4 1,403.4 9,861.4 9,922.0 10,232.0 445.6 427.8 407.0 116.2 109.0 101.6 561.8 536.8 508.6 1,002.1 994.2 1,038.1 11,425.2 11,453.0 11,778.8 2,302.9 2,287.3 2,502.0 Apr. May June 9,476.2 9,919.4 10,066.7 1,196.4 1,247.2 1,276.3 10,672.6 11,166.7 11,343.0 393.6 376.3 348.9 94.1 90.0 84.6 487.7 466.3 433.5 1,103.2 1,127.8 1,121.8 12,263.5 12,760.8 12,898.3 3,059.6 3,271.1 3,207.3 July Aug. Sept. 10,155.1 10,220.7 10,389.5 1,278.3 1,298.4 1,315.4 11,433.4 11,519.1 11,704.9 320.4 292.3 270.1 80.9 79.0 76.4 401.3 371.2 346.6 1,106.2 1,097.3 1,092.0 12,940.9 12,987.6 13,143.4 3,121.9 3,079.0 2,977.6 Oct. Nov. Dec. 10,470.0 10,357.8 9,914.5 1,330.6 1,354.6 1,369.7 11,800.6 11,712.5 11,284.2 244.0 212.9 190.5 71.0 66.2 61.9 315.0 279.1 252.4 1,094.0 1,101.9 1,091.8 13,209.6 13,093.5 12,628.5 2,901.5 2,853.8 2,849.9 Week ending 2020-Nov. 9 Nov. 16 Nov. 23 Nov. 30 10,783.7 10,836.3 10,159.7 9,601.1 1,353.7 1,358.6 1,354.5 1,354.7 12,137.4 12,194.9 11,514.2 10,955.8 221.9 215.2 208.2 202.1 67.6 66.7 65.4 64.3 289.5 281.9 273.6 266.4 1,103.8 1,104.3 1,103.3 1,098.1 13,530.7 13,581.2 12,891.0 12,320.3 2,856.9 2,848.2 2,851.5 2,851.7 Dec. 7 Dec. 14 Dec. 21 Dec. 28 10,080.2 10,101.8 9,907.6 9,693.6 1,367.4 1,368.0 1,368.3 1,369.3 11,447.6 11,469.9 11,275.9 11,062.8 195.5 193.5 189.9 186.3 63.4 62.8 61.4 60.8 259.0 256.3 251.4 247.1 1,095.0 1,090.0 1,089.4 1,092.2 12,801.6 12,816.1 12,616.7 12,402.1 2,850.9 2,878.9 2,825.0 2,853.7 9,745.0 1,385.9 11,130.9 182.0 60.3 242.4 1,093.6 12,466.8 2,829.2 Month 2019-Aug. Sept. 2021-Jan. 4 Components may not add to totals due to rounding. 1. Savings deposits include money market deposit accounts. 2. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits. 3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. 4. Institutional money funds are not part of non-M1 M2. H.6 (508) MONEY STOCK MEASURES Page 8 Table 7 Other Memorandum Items Billions of dollars, not seasonally adjusted Demand deposits at banks due to Date 2019-Aug. Sept. Foreign commercial banks Foreign official institutions Time and savings deposits due to foreign banks and official institutions IRA and Keogh accounts At commercial banks At thrift institutions At money market funds Total 92.5 92.9 28.0 26.9 74.7 78.2 312.6 313.2 161.4 162.3 296.1 303.0 770.1 778.6 Oct. Nov. Dec. 92.9 92.8 92.8 26.6 26.9 27.2 80.9 83.0 85.2 314.5 316.1 317.7 163.1 163.9 164.6 308.3 312.4 316.5 785.9 792.4 798.9 2020-Jan. Feb. Mar. 95.6 102.2 108.9 29.5 34.4 43.0 87.1 88.5 90.0 327.4 347.2 367.2 168.2 175.3 182.4 326.9 344.9 362.9 822.4 867.4 912.5 Apr. May June 114.0 116.7 119.4 53.4 53.1 52.9 92.8 97.5 102.3 378.5 376.7 375.0 187.5 189.5 191.5 375.1 378.0 381.0 941.0 944.3 947.5 July Aug. Sept. 120.9 e 120.9 e 120.9 e 53.0 e 53.0 e 54.4 e 105.0 e 105.0 e 105.0 e 373.9 e 373.9 e 373.9 e 192.6 e 192.6 e 192.6 e 381.6 e 378.7 e 375.9 e 948.2 e 945.3 e 942.5 e Oct. Nov. Dec. 120.9 e 120.9 e 120.9 e 56.5 e 57.8 e 58.3 e 105.0 e 105.0 e 105.0 e 373.9 e 373.9 e 373.9 e 192.6 e 192.6 e 192.6 e 374.4 e 374.4 e 374.4 e 941.0 e 941.0 e 941.0 e Components may not add to totals due to rounding. e estimated H.6 (508) MONEY STOCK MEASURES Page 9 Table 7 (continued) Other Memorandum Items (continued) Billions of dollars, not seasonally adjusted U.S. government deposits Date Month 2019-Aug. Sept. Demand deposits at commercial banks Balance at Federal Reserve Total cash balance Time and savings deposits at commercial banks 5.4 5.3 134.1 251.6 139.4 256.9 2.5 2.6 Oct. Nov. Dec. 5.3 5.2 5.4 354.0 367.7 350.0 359.2 372.9 355.4 2.6 2.5 2.4 2020-Jan. Feb. Mar. 5.3 5.2 5.2 391.3 417.0 385.8 396.6 422.1 391.1 2.3 2.1 2.0 Apr. May June 5.1 5.3 5.4 869.9 1,233.9 1,568.9 875.1 1,239.2 1,574.3 1.9 2.0 2.0 July Aug. Sept. 5.5 5.5 5.5 1,732.2 1,658.3 1,646.8 1,737.6 1,663.8 1,652.4 2.1 e 2.1 e 2.1 e Oct. Nov. Dec. 5.7 5.7 6.1 1,688.1 1,561.0 1,569.3 1,693.8 1,566.7 1,575.4 2.1 e 2.1 e 2.1 e Week ending 2020-Nov. 9 Nov. 16 Nov. 23 Nov. 30 5.5 5.5 5.7 6.1 1,614.5 1,561.5 1,533.9 1,513.2 1,620.0 1,567.0 1,539.6 1,519.3 Dec. 7 Dec. 14 Dec. 21 Dec. 28 6.2 6.1 6.1 6.0 1,546.6 1,500.3 1,609.5 1,586.3 1,552.8 1,506.4 1,615.6 1,592.3 6.1 1,671.1 1,677.2 2021-Jan. 4 e estimated Note: Current and historical H.6 data are available each week on the Federal Reserve Board's website (http://www.federalreserve.gov/). Monthly data are available back to January 1959, and weekly data are available back to January 1975 for most series.
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