Full text of H.6 Money Stock Measures : July 13, 2000
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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 July 1 3 , 2 0 0 0 M11 M22 M33 DEBT4 Seasonally adjusted 1998-J u l y Aug. Sep. Oct . Nov. Dec. 107 6. 9 1073.1 1 07 8. 2 1 08 4. 7 109 3. 7 1 097. 4 4219.0 4243. 0 4 28 5 . 8 4327.2 4364. 2 4396. 8 5703.6 5762.2 5 82 4. 3 5887.7 5945.0 5996.7 158 5 5 . 8 15940.1 16019.0 16105.3 1 62 00 . 7 1 62 82 . 9 1999-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1 09 6 . 0 1 09 4. 3 1 10 1 . 4 1107.2 1 10 1 . 7 1100.1 1 09 9 . 5 1 09 8 . 7 1096.1 1 10 1 . 3 1109.5 1 12 2 . 9 4422. 2 4447.6 4 463. 5 4490. 4 4513.0 4530.9 4552. 8 4570.5 4590.1 4607.1 4627.3 4655. 4 6 028. 6 6077.9 6087.7 6123.8 6156.3 6187.3 6211.0 6229.1 6255.9 6306.5 6384.7 6477.0 1 63 7 0 . 0 1 64 6 1 . 2 16579.1 166 8 4 . 7 167 5 9 . 0 1 68 3 7 . 8 1 69 2 0 . 0 1 70 17 . 8 171 22 . 3 1 72 1 2 . 6 1 7 2 80 . 6 17381.1 2000-J a n. Feb. Mar. Apr. May June p 111 9 . 4 1105.8 1112.3 1116.5 1105. 1 1102.2 4679. 3 4691.3 4728.3 4768. 7 4764.8 4776.8 6521.2 6539.0 6612.1 6657.5 6680.3 6718.8 1 74 6 9 . 9 17536.0 1 76 3 9 . 2 1 77 2 3 . 0 17776.5 p Not seasonally adjusted 1998-J u l y Aug. Sep. Oct. Nov. Dec. 1 07 4. 4 1 06 9. 5 1 07 0. 9 107 7 . 6 1 0 9 8. 2 1 12 1 . 3 4208.1 4237.8 4272.8 4311.5 4367.4 4422.0 5678.9 5747.4 5 801. 7 5 869. 8 5 955. 2 6026.3 1 5 7 95 . 8 158 8 1 . 5 1 59 66 . 5 1 6 0 52 . 5 16174 . 4 16279 . 8 1999-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct . Nov. Dec. 1103.9 1 08 5 . 2 1 09 7 . 4 1113.5 1096.3 1098.2 1097.6 1093.5 1087.2 1095.2 1112.9 1147.4 4432.8 4443.0 4481.3 4528. 4 4489.0 4515. 2 4538. 7 4560. 6 4573. 8 4592. 4 4629. 6 4683.7 6043.0 6091.2 6115.6 6160.1 6137.4 6167.7 6177.9 6207.2 6226.2 6286.0 6396.3 6512.0 163 51 . 7 1 6427. 4 165 59 . 4 1 66 5 5 . 1 1 6710. 4 167 88 . 2 168 57 . 5 16961.1 17072.1 1 71 60 . 9 172 57 . 5 17380.1 2000-Jan. Feb. Mar. Apr. May June p 1 126. 1 1097.3 1109.1 1125. 2 1099. 0 1099. 8 4689.8 4689.4 4749.2 4814. 3 4736. 7 4757. 4 6537.5 6558.4 6645.6 6701.5 6658.4 6695.3 174 55 . 0 17505.1 1 76 20 . 2 176 96 . 0 17731. 9 p Footnotes ap p ea r on the following p ag e p preliminary Components may not add to totals due to rounding. Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 DEBT1 3 Months from Mar. 2000 TO June 2000 -3.6 4.1 6.5 5.5 6 Months from Dec. 1999 TO June 2000 -3.7 5.2 7.5 5.7 12 Months from June 1999 TO June 2000 0.2 5. 4 8.6 6.1 -1.6 5.9 7.8 Thi rt een weeks ending J uly 3 , 2000 from t h i r t e e n weeks ending: Apr. 3, 2000 (13 weeks previous) Jan. 3, 2000 (26 weeks previous) -0.9 6.0 9.1 J uly 5, 1999 (52 weeks previous) 0.5 5. 7 8.6 1. Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, February 2000 to May 2000, November 1999 to May 2000, and May 1999 to May 2000, respectively. ______________________________________________________________________________________________ Footnotes to Table 1: 1. 2. 3. 4. Consists of (1) currency outside the U.S. Treasury, Federal Resen/e 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 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. 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. H.6 (508) Table 3 Pa903 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 10 17 24 1111. 2 1110. 8 1111.4 1115.9 1115.9 1118.7 110 3. 8 1113. 3 112 6. 4 4 708. 8 4716.1 4723. 4 4745.6 4753. 4 4764. 7 4757. 3 4771.9 4784.0 6571.7 6582.8 6593.8 6628.0 6639. 6 6651.0 6647.0 6660.8 6668.6 May 1 8 15 22 29 1111.4 1110.4 1110. 6 1110. 8 1111.0 1114.2 1111.9 1109.6 1105.4 1104.4 1 1 1 3. 2 1 09 4. 5 110 4. 3 1109. 4 110 9. 3 4729. 9 4734.1 4740.1 4746. 4 4752. 2 4770.4 4768. 5 4766. 5 4763. 8 4762. 6 4768.2 4749. 7 4763.9 4773.4 4763. 5 6604.0 6614.0 6626.1 6636.6 6647.5 6 66 0 . 0 6664.0 6670.6 6674.2 6678.2 6663.7 6662.8 6687.3 6683.1 6679.5 June 5 12 19 26p 1110.8 1110.0 1109.2 1108.2 1107.1 1103.7 1101. 9 1100.3 1105.3 1090.6 110 2 . 5 110 2 . 9 4757.6 4761.9 4765.2 4768.1 4768.8 4771.3 4773.7 4777.1 4774.5 4773.8 4783.0 4776.9 6656.6 6663.8 6672.5 6680.1 6687.3 6693. 5 6704. 5 6 715. 2 6699.3 6712.0 6727.1 6722.5 J ul y 3p 1107.6 1104.9 1 1 2 3. 7 4771.3 4780.0 4786.4 6689.1 6 726. 6 6744.9 2000-Apr. Not seasonally adjusted 2000-Apr. 10 17 24 1 108. 2 1108.7 1 11 0 . 0 1119.4 1124.4 1128.7 1115. 7 1 127. 7 1128. 7 4 722. 8 4734.1 4744.7 4783.1 4806. 4 4823.3 4840.1 4851.3 4 807. 9 6 599. 3 6613.5 6626.6 6671. 6 6 694. 5 6707.0 6733.2 6738.5 6688.1 May 1 8 15 22 29 1110.5 1110.1 1110. 5 1110. 5 1110. 6 1121.8 1115.9 1108.1 1099.9 1096.8 1115.1 1 09 2. 0 109 6. 5 1096.1 1102. 4 4751.8 4755.0 4759.1 4762.5 4765.9 4811.1 4787.2 4760. 4 4740.3 4734.7 4745.1 4744. 4 4744. 3 4727. 3 4722. 9 6636. 4 6644.3 6652.6 6659.3 6666.9 6699. 9 6681. 2 6663.9 6653.1 6656.4 6639.7 6658.5 6669.1 6645.1 6652.7 June 5 12 19 2 6p 1110. 7 1110.3 1109. 6 1108.4 1100. 6 1099. 0 1099.7 1098. 2 1107.2 1090.3 1 09 8 . 8 1 09 6 . 4 4769.3 4771.6 4771.9 4770.4 4743.5 4751.5 4 760. 2 4759.5 4779.4 4776.2 4762.1 4720.1 6674.0 6678.4 6682.4 6683.6 6 670. 9 6684.7 6 698. 3 6698. 4 6716.5 6724.5 6699.4 6653.2 July 3p 1107.5 1 10 4 . 0 1 13 0 . 3 4768.0 4755.4 4763.1 6685.4 6692.1 6691.3 Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision. p preliminary data. Components may not add to totals due to rounding. Page 4 H.6 (508) Table 4 SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Date Currency1 At commercial banks4 At thrift 142.8 144.2 1 04.6 105.5 247.4 249.7 00 to Total 4 67 . 4 471.5 371.3 3 71 . 9 Apr. May June 475.6 480.0 483.5 8.2 8.3 8.8 371.6 365.9 360.6 146.1 142.3 142.1 105.8 105.2 105.1 251.8 247.5 247.2 J ul y Aug. Sep. 487.3 491.2 495.3 9.1 8.9 8.7 360.1 356.5 351.3 138.1 137.0 136.5 104.9 105.0 104.3 243.0 242.0 240.8 Oct. Nov. Dec. 499.3 504.2 515.5 8.4 8.2 8.3 353.3 355.9 355.2 136.3 137.6 141.3 103.9 103.6 102.7 240.3 241.2 244.0 2000-Jan. Feb. Mar. 524.4 5 18.5 517.5 8.2 8.1 8.2 343.7 338.1 343.0 1 41 . 6 137.4 137.1 101.5 103.7 106.5 243.1 241.2 243.7 518.5 520.0 521.8 8.2 8.3 8.8 341.9 334.4 330.3 140.0 135.7 134.2 107.9 106.8 107.1 247.9 242.5 241.3 8 15 22 29 518.7 519.5 520.0 521.3 8.2 8.2 8.3 8.4 324.6 335.5 338.4 337.8 134.4 134.4 135.9 137.3 108.6 106.7 106.8 104.6 243.0 241.1 242.8 241.8 5 12 19 26p 520.3 5 20.9 522.1 523.3 8.5 8.6 8.8 9.0 e e e 333.4 322.3 330.6 329.3 134.5 131.3 134.1 135.6 108.7 107.4 106.9 105.6 243.2 238.7 241.0 241.2 3p 523.1 9.2 e 3 46 . 2 137.9 107.3 245.2 Week endina 2000-May June J ul y 2. Other checkable deposits Demand deposits3 1999-Feb. Mar. Apr. May June p 1 Travelers checks2 Oi iKi’an/'i# ai iIois'Ia ■> 8.1 II C ----- ------------ j > ------ — . . w w M . n t w miiw u iw » u m i i w v/i y ii i o n i u i i u i 10. 3. 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. ivieign uarmb ana omciai 4. 5. 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. # # # # H.6 (508) Table 5 # # # # # • # Page 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 Total Tundsy Non‘M1 M2 1999-Feb. Mar. 1212.6 1217.3 426.0 429.9 1 638. 6 1647. 2 618.6 616.9 322.5 320.4 941.1 937.3 773.6 777.6 3353. 3 3362.1 Apr. May June 1230.9 1242.4 1252.2 431.5 442.0 447.7 1662. 4 1684. 4 169 9. 9 615.9 616.1 616.4 319.2 317.7 315.0 935.2 933.8 931.4 785.7 793.2 799.5 3383. 2 3411. 4 3430. 8 July Aug. Sep. 1264.3 1274.0 1285. 7 4 53.7 455.6 455.7 1718.1 172 9. 6 1 74 1. 5 617.3 618.9 622.1 314.2 314.5 315.5 931.5 933.4 937.6 803.8 808.7 814.9 3453. 4 3471.8 3494.0 Oct. Nov. Dec. 1289. 7 1289 .0 1285 .7 453.4 451.8 448.7 1743.1 1 74 0. 8 1 7 3 4. 4 625.6 630.3 634.7 316.7 318.9 320.5 942.3 949.2 955.2 820.4 827.9 842.9 3505.8 3517.8 3532.5 200 0-J a n . Feb. Mar. 1288. 3 1302. 0 1309.1 447.2 449.6 452.3 1 7 3 5. 5 1 75 1 . 6 1 76 1. 4 639.0 644.4 650.0 322.9 323.7 324.7 961.9 968.2 974.8 862.5 865.6 879.8 3559.9 3585.4 3615.9 1325.2 1322 .2 1328.7 449.4 453.2 452.3 1 77 4. 6 1 77 5 . 5 1781.0 659.7 666.9 677.9 3 24.2 326.4 329.1 983.9 993.3 1006.9 893.8 890.9 886.6 3652.3 3659.7 3674.6 8 15 22 29 1 328. 6 1324.0 1 322. 7 1308.8 451.8 452.1 454.8 453.7 178 0. 4 1776.1 1 77 7 . 5 1 76 2 . 5 663.4 665.7 6 67.8 6 69.8 326.3 326.3 3 26.2 326.9 989.8 992.0 994.0 996.7 885.1 891.5 892.6 895.0 3655.2 3659.6 3664.0 3654.2 June 5 12 19 26p 1330.2 1338.2 1332. 5 1322. 7 448.6 450.6 452.9 457.7 1 77 8 . 8 1 78 8 . 9 178 5. 4 1 78 0. 4 673.2 676.1 678.3 680.4 3 27.3 328.4 329.4 330.0 1000.5 1004.4 1007.7 1010.4 889.8 889.9 887.5 883.2 3669.2 3683.2 3680.6 3674.0 July 3p 1317. 8 451.6 176 9. 4 681.4 330.5 1011.9 881.4 3 66 2. 7 Apr. May June p Week endina 2000-May 1. At thrift institutions Small-denomination time deposits2 Savings deposits include money m arket deposit accounts. retaH RPS_are th° Se iSSU6d in am0UntS 0f leSS than $100,00° - AH IRA and Keogh account balances at commercial banks and 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 Large-denomination time deposits1 RPs3 At commercial banks2 At thrift institutions Debt components5 Eurodollars4 Total Total Non-M2 M3 Federal Non-Federal 1999-Feb• Mar. 533.2 535.9 537.8 534.5 90.0 8 9. 5 627.8 6 24.0 315.1 305.7 154.1 1 58 . 7 1630. 3 1624.2 3723.7 3723.9 12737. 5 12855. 2 Apr. May June 544.4 550.1 553.9 537.1 537.2 5 35.9 89.4 88.6 88.9 626.5 625.8 624.9 300.9 305.0 312.8 161.5 162.3 164.8 1633.3 1643. 2 1656.4 3 718. 6 3702.8 3703.6 129 66. 1 13056.2 13134.1 July Aug. Sep. 556.1 563.8 566.9 537.6 533.9 540.0 88.8 89.6 89.6 626.4 623.5 629.5 31 2 . 7 313.3 313.5 163.0 158.0 155.8 1658.2 1658. 6 1665.8 3708.0 3711.0 3698.1 1 3212. 0 13306.8 13424.2 Oct. Nov. Dec. 577.7 592.1 607.4 563.6 588.9 614.4 89.5 91.0 91.5 653.1 679.9 705.9 313.4 321.5 33 4 . 7 155.2 163.9 1 73.5 1699. 4 1757. 4 1821.5 3680.2 3656.9 3659.5 13532. 3 13623. 7 13721. 6 2000-Jan. Feb. Mar. 6 23.5 6 17.5 640.7 618.7 620.5 627.6 94. 3 95. 0 95.1 713.0 715.4 722.7 329.4 343.2 339.5 1 76.0 171.6 180.9 1841.9 1847.7 1 883. 9 3646.2 3 609. 4 3618.8 13823. 7 13926.6 14020.4 6 40.0 6 49.2 657.6 647.2 654.7 665.5 94.6 93.3 94.9 741.7 748.0 760.4 334.5 341.2 347.8 172.6 177.0 176.1 1888.8 1915. 5 1941. 9 3602.3 3546.5 p 14120.7 14230.1 p 8 15 22 29 644.4 652.5 654.2 648.5 660.5 658.8 649.2 651.2 93.5 93.9 9 3. 2 92.9 754.1 752.7 742.3 744.1 339.6 344.3 336.9 342.5 175.0 173.9 176.3 1 80.9 1913.1 1923. 5 1909.7 1916.0 June 5 12 19 26p 6 45.7 654.2 660.3 659.6 653.0 663.5 668.3 671.9 93.7 94. 8 95.1 95.1 746.7 758.3 763.4 767.0 347.4 347.0 344.8 348.7 185.1 178.8 175.6 170.4 1924.8 1938.2 1944.1 1 945. 6 J ul y 3p 670.8 667.2 95.6 762.8 353.8 171.1 1958. 4 Apr. May June p Week endincr 2000-May 1. Large-denomination time deposits are those issued in amounts of $ 1 00,000 or more, excluding those booked at international banking facilities. officialinstitut!ons°n ^ deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and 3. 4. Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds. t6KITi ^ r0^ 0 ^ 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. a 5. 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 7 H.6 (508) Table 7 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Date Currency1 Travelers checks2 Other checkable deposits Demand deposits3 At commercial banks4 Total 1999-Feb. Mar. 466.4 471.2 8.3 8.3 364.3 367.2 1 42 . 7 144.8 103.4 105.9 246.1 250.6 Apr. May June 475.7 479.7 483.0 8.3 8.3 8.6 372.1 361.5 359.3 149.0 141.9 142.2 108.4 104.9 105.2 257.4 246.8 247.4 J ul y Aug. Sep. 487.7 490.2 493.3 8.7 8.6 8.5 359.9 355.2 347.2 136.8 135.6 135.2 104.4 103.9 103.0 241.2 2 39.5 238.2 Oct. Nov. Dec. 498.3 505.1 521.2 8.4 8.3 8.4 350.7 359.2 371.2 134.9 136.9 142.3 102.8 103.4 104.3 237 .8 240.3 246.7 2000-Jan. Feb. Mar. 523.1 517.5 517.6 8.4 8.3 8.3 348.4 331.7 338.5 143.8 137.2 137.7 102.4 102.6 106.9 246.2 239.8 244.6 518.9 519.6 521.2 8.3 8.4 8.7 3 44.4 3 29.2 328.4 142.8 135.4 134.3 110.8 106.4 107.2 253.6 241.8 241.5 8 15 22 29 520.2 519.4 518.9 520.3 8.3 8.4 8.4 8.4 319.9 329.7 328.8 332.5 134.2 133.3 135.2 137.3 109.4 105.7 104.8 103.8 243.6 239.1 240.0 241.1 June 5 12 19 26p 521.0 521.8 521.0 520.6 8.5 8.6 e 8.7 e 8.8 e 333.0 321.6 328.2 325.8 134.6 131.1 134.3 136.4 110.1 107.2 106.6 1 04.8 244.7 238.3 240.9 241.2 J ul y 3p 522.6 8.9 e 351.1 138.6 109.2 247.8 Apr. May June P Week endina 2 0 0 0 -May j 2. At thrift institutions5 ----------------------------------- ---------~ — / > - » »w w w « « w ft^vn ii^ w m i im ii i v v m w iiv v i m v ^ v w iiv i y ii t o u i l l i l l / 1 i g , 3. 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 foreiqn banks and official' institutions, less cash items in the process of collection and Federal Reserve float. 4. 5. 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. I I.U Table 8 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars Small-denomination time deposits2 Savings deposits1 Date At commercial banks Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 1999-Feb. Ma r . 1205.9 1220.4 423.7 431.0 1629.5 1 65 1 . 4 620.8 618.5 3 23 . 7 3 21 . 3 944.5 939.7 783.8 792.8 3357.8 3383. 9 Apr. May June 1244.9 1238.8 1253.4 436.4 440.7 448.1 1681.2 1679.5 1 70 1 . 6 616.4 614.3 613.3 3 19 . 5 3 16 . 8 313.4 935.9 931.1 926.7 797.8 782.1 788.8 3414. 9 3392. 7 3417.0 Jul y Aug. Sep. 1265.7 1272.5 1282.0 454.2 455.1 454.4 1719.9 1727.6 1736.4 615.5 617.3 621.5 31 3 . 2 313.7 315.2 928.7 931.0 936.7 792.5 808.6 813.5 3441.1 3467.1 3486.6 Oct. Nov. Dec. 1285.1 1288.6 1288.5 451.8 451.6 449.7 1736.9 1740.3 1738.2 626.7 631.9 635.5 317.2 319.6 321.0 943.9 951.5 956.4 816.4 824.9 841.6 3497.1 3516.7 3536.3 2000-Jan. Feb. Ma r . 1286. 5 1294. 6 1311. 8 446.6 447.1 453.2 1733.1 1741.7 1765. 0 640.6 647.0 652.1 323.7 325.0 325.7 964.3 972.0 977.8 866.3 878.5 897.3 3563.7 3592.1 3640.1 1341.5 1317. 4 1 329. 6 454.9 451.6 452.6 1796.4 1769.0 1782.2 660.3 664.6 673.7 324.6 325.3 327.1 984.9 989.9 1000.8 907.8 878.8 874.6 3689.1 3637.7 3657.6 8 15 22 29 1335.4 1327. 8 1310.8 1296. 4 454.1 453.4 450.7 449.5 1789. 6 1781.1 1761. 6 1745. 9 662.2 663.8 665.1 666.5 325.7 325.3 324.8 325.3 988.0 989.1 990.0 991.8 874.9 877.6 879.6 882.8 3652.4 3647.8 3631.2 3620.5 June 5 12 19 26p 1345. 3 1350. 8 1332. 9 1300. 5 453.7 454.9 453.1 450.0 1799. 0 1805.7 1786. 0 1750. 5 669.4 671.8 673.7 676.0 325 .4 326.3 327.2 327 .8 994.8 998.1 1000.9 1003.8 878.2 882.2 876.4 869.4 3672.1 3685.9 3663.3 3 62 3. 7 J ul y 3p 1312. 8 450.0 1762. 8 678.1 329.0 1007.1 862.9 3632.8 Apr. May June P Week endina 2000-May 1. 2. At thrift institutions 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 preliminary Components may not add to totals due to rounding. Page 9 H.6 (508) Tab!© 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT Billions of dollars Eurodollars4 At commercial banks2 At thrift institutions Total At commercial banks At thrift institutions Total Non-M2 M3 Total Debt components5 Federal Non-Federal 552.4 544.1 533.9 534.6 89.4 89.6 62 3 . 3 624.2 2 65.7 2 52.9 51.0 54.7 316.6 307.6 155.9 158.4 1648. 2 1634. 3 372 1. 8 374 1. 2 127 0 5 . 5 128 1 8 . 2 Apr. May June 544.2 545.3 547.6 536.7 541.0 537.1 89.3 89.3 89.1 626.1 630.2 626.2 243.8 250.9 254.0 56.3 58.1 59.9 300.1 309.0 313.9 161.3 163.9 164.7 1631. 7 1648.4 1652.4 3717.1 3 67 4. 2 366 2. 8 12938.0 13036.1 1 31 2 5 . 4 J ul y Aug. Sep. 540.5 555.0 553.2 538.2 5 32 . 5 542.2 88.9 89.4 89.9 627.1 62 1 . 9 632.2 248.5 249.2 246.8 62.2 63.6 65.8 310.8 312.9 312.6 160.9 156.9 154.4 1 63 9 . 3 1 64 6 . 6 1652.4 365 2 . 2 366 5. 8 365 5. 8 1 3 2 05 . 3 1 3 2 95 . 3 1 34 1 6 . 3 Oct. Nov. Dec. 570.9 595.1 618.9 567.9 591.9 612.6 90.2 91.5 91.2 658.1 6 83 . 4 7 03 . 8 245.2 259.6 266.5 65.5 64.6 63.5 310.7 324.1 3 30.0 153.8 164.1 175.6 1693.6 1 766. 7 1 828. 3 3 63 5. 5 3 64 1. 7 3663.1 1 35 25 . 3 1 3 6 15 . 8 13717.1 2000-Jan. Feb. Mar. 638.2 6 40 . 6 650.5 609.8 616.0 627 .8 92.9 94.3 95.1 702.7 710.3 7 22 . 9 265.2 282.7 282.3 64.5 62.5 5 9. 9 3 29 . 7 345.1 3 42 . 2 177.2 173.0 180.8 1847.7 1869.0 1896.4 3639.0 360 5. 4 3 63 3 . 6 1 3 8 15 . 9 138 99 . 7 1 39 86 . 5 640.2 644.5 650.3 646.9 659.3 667.1 94.5 94.0 95.1 7 41 . 5 753.4 762.2 273.3 284.4 288.3 59.8 6 0. 9 60.7 333.1 3 45 . 3 348.9 172.5 178.5 176.4 1 887. 2 1 921. 7 1937. 9 3 59 7 . 2 3514.0 p 1 4 0 98 . 8 14217.9 p 8 15 22 29 637.6 645.5 650.6 645.6 665.6 662.6 653 . 5 656.8 94.2 94.4 93 . 8 9 3. 7 7 59 . 9 757.0 747.2 750.5 281.5 286.3 280.5 287.8 60.8 61.6 60.3 61.1 342.4 347.9 340.8 348.9 174.3 174.3 179.1 184.8 1914.1 1924.7 1917.8 1929.8 June 5 12 19 26p 6 46 . 6 656.5 6 51 . 6 6 47 . 9 658.5 666.2 670.0 672.1 94.4 95.2 95.4 95.1 752.9 761.4 765.4 767.3 292.0 289.7 284.3 286.4 60.3 61.2 61.1 60.3 352.4 350.9 345.4 3 46 . 8 185.3 179.5 175.0 171.1 1937.1 1948.3 1937.3 1933.1 July 3p 646.1 664.0 95.1 7 59.1 291.4 59.9 3 51 . 2 171.7 1928.1 Week endina 2000-May 3. 4. RPs3 1999-Feb. Mar. Apr. May June p 2. Large-denomination time deposits1 Institutional money funds Date . , A . .. , ■ .. - ... , -w . ...viv, uivtfv wvvnou «i iiiioiiiaiiuiiai uaiimiiy lauiiuoo. ^e-denom ination t,me deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreiqn 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 Kinqdom 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 (508) Table 10 MEMORANDUM ITEMS Billions of dollars, not seasonally adjusted Demand deposits at banks due to Date Foreign commercial banks U.S. government deposits Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions1 Total cash balance IRA and Keogh Accounts Time and savings deposits at commercial banks At commercial banks At thrift institutions At money market funds Total 1999-Feb. Mar. 8.7 8. 7 1.8 1.7 1 8. 6 19.1 1. 4 1.5 4.8 5.5 6.9 12.1 13. 0 1 9. 1 4.3 4.0 151.6 151 . 7 9 6. 8 9 6. 5 121.1 122 . 7 369.4 371.0 Apr. May June 8.6 8.5 8.3 1.6 1.6 1.6 19.1 1 8. 6 18.1 4.6 1.4 2.6 6.4 5.4 5.9 16. 5 2 8. 4 24.0 2 7. 5 35. 3 32. 5 3.9 4.0 4.0 151.6 151.3 151.1 96. 4 9 6. 3 9 6. 3 124 . 2 125.2 126 . 3 372.2 372.9 373.7 J ul y Aug. Sep. 8.2 8.2 8.2 1.6 1.4 1.3 1 8. 7 20.7 22.6 1.3 1.3 2. 5 5.2 5.1 6. 4 27.2 9.2 2 9. 3 33. 7 15. 5 3 8. 2 4.1 4.3 4.5 150.8 150.7 150.6 96.2 9 6. 0 95.8 128.5 131.9 135 . 4 375.5 378.6 381.7 Oct. Nov. Dec. 8.5 9.1 9.7 1.3 1.4 1.4 24.8 27.4 30.1 1.4 1. 2 1.4 5.2 5.1 8.3 28.6 8.0 3 9. 0 3 5. 2 14. 3 4 8. 7 4.7 5.0 5.3 150.1 149.3 148.5 95.6 9 5. 3 95.1 137.9 139 . 4 140.9 383.5 384.0 384.5 2000-Jan. Feb. Mar. 9.7 9.3 8.8 1.4 1.3 1.2 30.6 29.2 27.9 2.9 1.2 1.3 8.1 5.3 5.3 5 2. 5 2 4. 3 14.1 6 3. 5 30. 8 20. 8 5.4 5.4 5.5 148.0 148.0 147.9 9 4. 7 9 4. 1 9 3. 5 142.6 e 144.2 e 145.9 e 385.3 e 386.3 e 387.3 e 8.6 e 8.6 e 8.6 e 1.2 e 1.2 e 1.2 e 27.2 e 27.2 e 27.2 e 5.0 1.5 2.4 8.4 7.1 6.2 40.0 5 7. 5 3 7. 0 53. 3 66. 0 4 5. 6 5.5 e 5.5 e 5.5 e 147.8 e 147.5 e 147.3 e 93.2 e 93.0 e 92.9 e 147.5 e 149.2 e 150.9 e 388.5 e 389.8 e 391.1 e 8 15 22 29 1.4 1.3 1.1 1.1 8.3 9.2 5.0 5.0 73.2 6 8. 9 5 3. 2 4 1. 7 83. 0 7 9. 4 59. 3 4 7. 8 June 5 12 19 26p 1.2 1.6 4.1 2.7 4.6 5.0 6.7 7.8 1 1. 8 2.4 3 8. 8 74.1 17. 7 9.0 4 9. 7 84. 6 J ul y 3p 1.3 6.5 5 8. 1 65. 9 Apr. May June P Week ending 2000-May 1. e p Foreign official institutions Time and savings deposits due to foreign banks and official institutions Source: Daily Treasury statem ent, estim ated preliminary Components may not add to totals due to rounding.