Full text of H.6 Money Stock Measures : July 20, 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

July 20, 2 0 0 0

Date

M22

M33

DEBT4

Seasonally adjusted
1998-July
Aug.
Sep.
Oct.
Nov.
Dec.

1 076. 9
1073.1
1078. 2
1084. 7
1093. 7
1097. 4

4219.0
4243.0
4285.8
4327.2
4364.2
4396.8

5703.6
576 2 . 2
5 8 2 4. 3
588 7 . 7
5945.0
5 99 6 . 7

1 5 8 55 . 8
15940.1
1 60 19 . 0
1 61 05 . 3
162 00 . 7
162 82 . 9

1999-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1096. 0
1094. 3
1101.4
1107.2
1101.7
1100.1
1099.5
1098.7
1096.1
1101.3
1109.5
1122.9

4422.2
4447.6
4463.5
4490.4
4513.0
4530.9
4552.8
4570.5
4590.1
4607.1
4627.3
4655.4

6 02 8 . 6
6 07 7 . 9
6087.7
6123.8
6156.3
6187.3
6211.0
6229. 1
6255.9
6306.5
6384.7
6477.0

163 7 0 . 0
164 6 1 . 2
16579.1
1 6 6 84 . 7
167 5 9 . 0
1 68 37 . 8
1 69 2 0 . 0
1 7 0 17 . 8
1 71 2 2 . 3
1 72 1 2 . 6
1 7 2 80 . 6
17381.1

2000-Jan.
Feb.
Mar.
Apr.
May
June p

1119.4
1105.8
1112.3
1116.5
1105.1
1102.3

4679.3
4691.3
4728.2
4768.7
4764.8
4777.0

6521.2
6539.0
6612.1
6657.5
6680.3
6719.0

1 7 4 69 . 9
1 7 5 36 . 0
1 76 39 . 2
1 77 23 . 0
1 77 76 . 5 p

Not seasonally adjusted
1998-July
Aug.
Sep.
Oct.
Nov.
Dec.

1074.4
1069.5
1 070. 9
1 077. 6
1098. 2
1121. 3

4208.1
4237.8
4272.8
4311.5
4367.4
4422.0

5 67 8 . 9
5 74 7. 4
5 80 1 . 7
586 9 . 8
5955.2
6 0 2 6. 3

1 5 7 95 . 8
158 81 . 5
159 66 . 5
1 60 52 . 5
161 74 . 4
1 62 7 9 . 8

199 9-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1103. 9
1085.2
1097.4
1113.5
1096.3
1098.2
1097.6
1093.5
1087.2
1 095. 2
1 112. 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

604 3 . 0
6 09 1 . 2
6115.6
6160.1
6 13 7 . 4
6167.7
6177.9
6207.2
6226.2
6286.0
6396.3
6512.0

1 6 3 51 . 7
1 64 27 . 4
165 59 . 4
16655.1
167 10 . 4
167 8 8 . 2
1 68 57 . 5
16961.1
17072.1
17160.9
17257.5
17380.1

20 00-Jan.
Feb.
Mar.
Apr.
May
June p

1126.1
1097.3
1109.1
1125.2
10$9.0
1099.9

4689.8
4689.4
4749.2
4814.3
4736.7
4757.6

6537.5
655 8 . 4
6645.6
6701.5
6658.4
6695.5

1 7 4 55 . 0
17505.1
1 76 20 . 2
1 76 9 6 . 0
17731.9 p

Footnotes appear on the following page

p preliminary
Components may not add to totals due to rounding.



Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
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

-1.4

5.5

7.6

Thi rteen weeks ending J ul y 10 , 2000
from t hi rt ee n weeks endings
Apr. 10, 2000 (13 weeks previous)
Jan.

1.

M1

10,

2000

(26 weeks previous)

-1.2

5.8

8.8

J ul y 12,

1999

(52 weeks previ ous)

0.5

5.6

8.6

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 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 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.


http://fraser.stlouisfed.org/
Federal Reserve
Bank of St. Louis
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Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending
2 0 0 0 -Apr. 17
24

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

1110. 8
1111.4

1115. 9
1118.7

1 11 3. 3
1126. 4

4716.1
4723. 4

4753.4
4764.7

4771.9
4784.0

6582.8
6593.8

6639. 6
6651. 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

111 3. 2
1094. 5
1 104. 3
1109. 4
110 9. 3

4729.9
4734.1
4740.1
4746.4
4 752. 2

4770.4
4768. 5
4766.4
4763. 8
4762. 6

4768.2
4749. 7
4763.8
4773.4
4763.5

6604.0
6614.0
6626.1
6 636. 6
6647.4

6660. 0
6664. 0
6670. 6
6674. 2
6678. 2

6663.6
6662.8
6687.3
6683.1
6679. 4

June

5
12
19
26

1110.8
1110.0
1109.2
1108.2

1107.1
1103. 7
1101.9
1100. 3

1 1 0 5. 3
1 09 0 . 6
1 10 2 . 5
1102.8

4757.6
4761.9
4765.2
4768.2

4768.8
4771. 3
4773. 7
4777. 2

4774.5
4773.7
4783.0
4777.7

6656.6
6663.8
6672.4
6680.1

6687.3
6693.5
6704.5
6715. 5

6699.3
6712.0
6727.1
6723.4

July

3p
lOp

1107.6
1107.2

1104. 9
1107.0

1 12 3 . 8
109 8. 7

4771.3
4773.5

4 780. 3
4783.1

4786.8
4784.9

6689.2
6696.5

6726.9
6734. 4

6744.9
6742.1

Not seasonally adjusted
2 0 0 0 -Apr. 17
24

1108.7
1110.0

1124.4
1128.7

1 127. 7
1 128. 7

4734.1
4744. 7

4806.4
4823. 3

4851.3
4 807. 9

6613.4
6626.6

6694. 5
6707. 0

6 738. 5
6688.1

May

1
8
15
22
29

1110.5
1110.1
1 110. 5
1110. 5
1110. 6

1121.8
1115.9
1108.1
1099. 9
1096.8

1115.1
1092. 0
1096. 5
1096.1
1102. 4

4751.8
4755.0
4759.1
4762.5
4765.9

4811.1
4787. 2
4760.4
4740. 3
4 73 4 . 7

4745.1
4744.4
4744.3
4 727. 3
4 722. 9

6636.4
6644.3
6652.6
6659.3
6666.9

6699. 9
6681.2
6663. 9
6653.1
6656.3

6639. 7
6 658. 5
6669.1
6 645. 0
6652. 7

June

5
12
19
26

1 11 0. 7
1 11 0. 3
1109.6
1 10 8. 4

1 100. 6
1099. 0
1099. 7
1098.2

1 10 7 . 2
1 09 0. 3
1 0 9 8. 8
1 0 9 6. 3

4769.3
4771.6
4771.9
4770.4

4743.5
4751.4
4760.1
4 759. 6

4779.3
4776.2
4762.1
4720.9

6674.0
6678.4
6682.4
6683.7

6670.8
6684.7
6698.3
6698.6

6 71 6. 4
6724.5
6699.5
6654.1

July

3p
lOp

1107.5
1106.6

1104.0
1107.6

1 13 0. 4
1 10 4. 9

4768.1
4764.7

4755. 7
4 760. 6

4763.5
4795.8

6685.4
6685.3

6692.4
6694.0

6691.3
6730.9

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

At thrift
institutions5

Total

8.1
8.2

371.3
371.9

142.8
144.2

104.6
105.5

247.4
249.7

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

1 05.8
1 05.2
105.1

251.8
247.5
247.2

J ul y
Aug.
Sep.

4 87.3
4 91.2
495.3

9.1
8.9
8.7

360.1
356.5
3 51 . 3

138.1
137.0
1 36.5

104.9
105.0
1 04.3

243.0
242.0
240.8

Oct.
Nov.
Dec.

499.3
504.2
515.5

8.4
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
518.5
517.5

8.2
8.1
8.2

343.7
338.1
3 43.0

141.6
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
00
00

4.
5.

At commercial banks4
467.4
471.5

3 41 . 9
334.4
330.4

140.0
135.7
1 34.2

1 07.9
1 06.8
1 07.0

247.9
242.5
241.2

519.5
520.0
521.3

8.2
8.3
8.4

3 35 . 5
338.4
337.8

1 34 . 4
135.9
1 37.3

1 06.7
106.8
104.6

241.1
242.8
241.8

333.4
322.3
330.6
329.3

1 34 . 5
131.3
134.1
1 35 . 6

108.7
1 07 . 4
106.9
105.5

243.2
238.7
241.0
241.1

346.6
327.9

1 37 . 7
130.4

107.2
108.8

244.9
239.2

Week endina
2000-May
15
22
29

A

Other checkable deposits
Demand deposits3

1999-Feb.
Mar.

Apr.
May
June p

2.
3.

Travelers checks2

00
to

Currency1

r * .

June

5
12
19
26

520.3
520.9
522.1
5 23.3

8.5
8.6
8.8
9.0

J ul y

3p
lOp

523.1
522.4

9.2
9.2

e

— -- --1 1 r»

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.

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.



1

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L

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•

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•

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Page 5
H.6 (508)
Table 5

SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Small-denomination time deposits2

Savings deposits1
Date

At commercial
banks

Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

1999-Feb.
Mar.

1212.6
1217. 3

426.0
429.9

163 8. 6
1 64 7. 2

6 18 . 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

6 15 . 9
616.1
616.4

3 19 . 2
317.7
315.0

935.2
933.8
931.4

785.7
793.2
799.5

3383.2
3411. 4
3430. 8

Jul y
Aug.
Sep.

1264.3
1274. 0
1285. 7

453.7
455.6
455.7

1718.1
1 72 9. 6
1 74 1 . 5

617.3
618.9
622.1

314.2
314.5
315.5

931.5
933.4
9 37.6

8 03.8
808.7
814.9

3453.4
3471. 8
3 494. 0

Oct.
Nov.
Dec.

1289. 7
1 289. 0
1285. 7

453.4
451.8
448.7

1743.1
1 74 0 . 8
1 73 4 . 4

625.6
630.3
634.7

316.7
318.9
320.5

9 42.3
949.2
955.2

820.4
827.9
842.9

3 505. 8
3 517. 8
3 532. 5

2000-Jan.
Feb.
Mar.

1288.3
1302.0
1309.1

447.2
449.6
452.3

1 7 3 5. 5
1 75 1 . 6
1 7 6 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

1 325. 2
1 322. 2
1328.8

449.4
453 .2
452.3

1 77 4 . 6
1 77 5 . 5
1 78 1 . 2

659.7
666.9
677.9

324.2
326.4
329.1

983.9
993.3
1 006. 9

893.8
890.9
886.6

3652.2
3659.7
3674.7

1 324. 0
1322.7
1 308. 8

452.1
454.8
453.7

1776.1
1 77 7 . 5
1 76 2 . 5

665.7
6 67.8
669.8

326.3
326.2
326.9

991.9
994.0
996.7

891.5
892.6
895.0

3659.6
3664.0
3654.2

Apr.
May
June p

Week ending
2000-May
15
22
29

1.
2.

At thrift
institutions

June

5
12
19
26

1330.2
1 338. 2
1 332. 5
1 323. 6

448.6
450.6
452.9
457.7

1778.8
1 78 8 . 9
1 78 5. 4
1 78 1 . 3

673.2
676.1
6 78 . 3
6 80.5

3 27.3
3 28 . 4
329.4
3 30.0

1000.5
1004. 4
1007. 7
1010. 4

889.8
889.9
887.5
883.2

3669.1
3683.2
3680.5
3674.9

J ul y

3p
lOp

1318.0
1 346. 9

451.7
450.2

1 76 9. 7
1797.1

6 81 . 4
6 82 . 5

3 30.6
331.5

1 011. 9
1 014. 0

881.4
875.1

3 66 3. 0
3686.2

Savings deposits include money m arket deposit accounts.
Sm all-denom ination time deposits—-including retail RPs— are those issued in amounts of less than $ 1 0 0 ,0 0 0 . All IRA and Keogh account balances at comm ercial banks and
thrifts are subtracted from small 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

Debt components5
Total
Non-M2 M3

Federal

Non-Federal

90.0
89.5

627.8
624.0

315.1
305.7

154.1
158.7

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
535 .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

3718. 6
3702. 8
3703.6

12966.1
13056.2
131 34. 1

J uly
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

312.7
313.3
313.5

163.0
158.0
155.8

1658. 2
1658. 6
1665.8

3708.0
3711.0
3698.1

13212.0
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
334.7

155.2
163.9
173.5

1699.4
1 757. 4
1 821. 5

3 680. 2
3656.9
3659.5

13532.3
13623 .7
13721. 6

2000-Jan.
Feb.
Mar.

623.5
617.5
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

176.0
171.6
180.9

1 841. 9
1847. 7
1 883. 9

3646.2
3609.4
3618. 8

13823 .7
1 39 2 6 . 6
14020.4

640.0
649.2
657.6

647.2
654.7
665.6

9 4. 6
93.3
94.9

741.7
748.0
760.4

334.5
341.2
347.9

172.6
1 77.0
176.1

1888.8
1915.5
1941.9

3602.3
3546.5 p

14120.7
1 42 30 .1 p

652.5
654.2
648.5

658.8
649.2
651.2

93.9
93.2
92.9

752.7
742.3
744.1

344 .3
3 36 . 9
3 42 . 5

173.9
176.3
180.9

1923.5
1909.7
1916.0

5
12
19
26

645.7
654.2
660.3
659.6

653.0
663.5
668.2
671.9

93.7
9 4. 8
95.1
9 5. 2

746.7
758.3
763.4
767.1

347.4
347.0
344.8
348.7

185.1
178.8
175.6
170.4

3p
lOp

6 70.8
673.4

667.2
667.4

95.6
96.5

762.8
763.9

353.7
348.9

170.7
171.1

J ul y

5.

Eurodollars4

537.8
534.5

June

3.
4.

At thrift
institutions

533.2
535.9

Week endiner
2 0 0 0 -May
15
22
29

1

RPs3
At commercial
banks2

1999-Feb•
Mar.

Apr.
May
June P

2.

Large-denomination time deposits1

.

1924.8
1938.2
1944.1
1945.7
1958.1
1957.3

Io
I

..

officialfnstitutlo^^

..

••

.

. . .

!

—

'

^ • wvx, wvyvy V/I miv/ic,,

ly u i u o c u u u f t c u d l III It? 11 let IIUI Id I U c H m i l l U I d C M Il i e S .

deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and

Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
o v H n H i^
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.
y
’
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

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
4 79.7
483.0

8.3
8.3

8.6

372.1
361.5
359.3

149.0
141.9
142.2

1 08.4
104.9
105.2

257.4
246.8
247.4

J ul y
Aug.
Sep.

4 87.7
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
239.5
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
329.2
328.5

142.8
135.4
134.3

110.8
106.4
107.1

253.6
241.8
241.5

519.4
518.9
520.3

8.4
8.4
8.4

329.7
328.8
332.5

133.3
135.2
137.3

105.7
104.8
103.8

239.0
240.0
241.1

8.5
8.6
8.7
8.8

333.0
321.6
328.2
325.8

134.6
1 31.1
134.3
136.4

110.1

19
26

521.0
521.8
5 21.0
520.6

107 . 2
106.6
104.7

244.7
238.3
240.9
241.1

3p
lOp

522.6
525.0

8.9
8.8 e

351.4
3 31.7

138.4
129.7

109.1
109.7

247.5
239.4

Week ending
2000-May
15
22
29
June

5

12

Jul y

1.

3.
4.
5.

Total

1999-Feb.
Mar.

Apr.
May
June p

2.

At thrift
institutions5

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.



I I.U

\kJ\JU)

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

Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

1999-Feb.
Mar.

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
1701.6

6 16 . 4
614.3
6 13 . 3

319 . 5
316 . 8
313 . 4

935.9
931.1
926.7

797.8
782.1
788.8

3414.9
3392.7
3417.0

J uly
Aug.
Sep.

1265.7
1272.5
1282.0

454.2
455.1
454.4

1 71 9 . 9
1727.6
1736.4

6 15 . 5
617.3
621.5

3 13 . 2
3 13. 7
3 15 . 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
1 288. 5

451.8
451.6
449.7

1 73 6 . 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.
Mar .

1 28 6 . 5
1 294. 6
1 311. 8

446.6
447.1
453.2

1733.1
1741.7
1765.0

640.6
647.0
652.0

3 23 . 7
325.0
3 25 . 7

964.3
972.0
977.8

866.3
878.5
897.3

3563.7
3592.1
3640.1

1 341. 5
1317.4
1329.7

454.9
451.6
452.6

1796.4
1769.0
1782.4

660.3
664.6
673.7

324.6
3 25 . 3
327.1

984.9
989.9
1000.8

907.8
878.8
874.6

3689.1
3637.7
3657.8

1 32 7 . 8
1 31 0 . 8
1296.4

453.4
450.7
449.5

1781.1
1761.6
1745.9

663.7
665.1
6 66.5

325.3
324.8
325.3

989.1
990.0
991.8

877.6
879.6
882.8

3 64 7. 8
3631.2
3620.5

Apr.
May
June p

Week endina
2000-May
15
22
29
June

5
12
19
26

1345.3
1350. 8
1332. 9
1301.4

453.7
454.9
453.1
450.0

1799. 0
1805.7
1786.0
1751.4

6 69 . 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
3624.6

J ul y

3p
lOp

1313.1
1362. 9

450.0
455.5

1763.1
1818.4

678.1
679.9

329.0
330.2

1007.2
1010.1

8 62.9
8 62.4

3633.1
3690.9

1.
2.

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.



•

•

•

•

•

•

•

• '

•

•

Table 9

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars
Date

At commercial
banks2

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

265.7
252.9

54.7

316.6
307.6

155.9
158.4

1648.2
1634.3

3 72 1. 8
3 74 1 . 2

12705 . 5
12818 . 2

Apr.
May
June

544.2
545.3
547.6

536.7
541.0
537.1

89. 3
89. 3
89.1

626.1
6 30 . 2
6 26 . 2

243.8
250.9
254.0

56.3
58.1
5 9. 9

300.1
309.0
313.9

161.3
1 63 . 9
164.7

1631.7
1648.4
1652. 4

3717.1
3 67 4. 2
366 2 . 8

12938 . 0
1 30 3 6 . 1
13125. 4

J uly
Aug.
Sep.

540.5
555.0
553.2

538.2
5 32 . 5
542.2

88.9
89.4
89.9

627.1
6 21 . 9
6 32 . 2

2 48 . 5
249.2
2 46.8

62.2
63.6
65.8

310.8
312.9
312.6

160.9
156.9
154.4

1639.3
1646. 6
1652.4

3 65 2 . 2
3 66 5. 8
3 65 5 . 8

1 3205. 3
1 3295. 3
1 3416. 3

Oct.
Dec.

570.9
595.1
618.9

5 67 . 9
5 91 . 9
612.6

90.2
91.5
91.2

6 58.1
6 83 . 4
703.8

245.2
259.6
266.5

65.5
64.6
6 3. 5

310.7
324.1
3 30.0

153.8
164.1
175.6

1693.6
1766.7
1828.3

3 63 5 . 5
3 64 1 . 7
3663.1

1 3525. 3
1 3615. 8
1 3 7 17 . 1

2000-Jan.
Feb.
Ma r .

638.2
640.6
650.5

609.8
6 16 . 0
627 . 8

92.9
94.3
95.1

702.7
710.3
722.9

265.2
282.7
282.3

6 4. 5
6 2. 5
5 9. 9

329.7
345.1
3 42.2

177.2
173.0
1 80.8

1847.7
1869.0
1 89 6. 4

3639.0
3 6 0 5. 4
3 63 3 . 6

1 3815 . 9
1 3899. 7
1 3986. 5

640.2
644.5
650.3

6 46 . 9
659.3
667.2

94.5
9 4. 0
95.1

741.5
7 53 . 4
762.3

273.3
2 84.4
288.3

5 9. 8
60.9
60.7

333.1
3 45 . 3
348.9

172.5
178.5
176.3

1887.2
1921.7
1 93 7. 9

3 59 7 . 2
3 51 4 . 0 p

1 40 98 . 8
1 42 17 . 9 p

645.5
650.6
645.6

662.6
653.5
656.8

94.4
93.8
93.7

7 57 . 0
7 47 . 2
750.5

286.3
280.5
287.8

61.6
60.3
61.1

347.9
3 40 . 8
348.9

1 74.3
179.1
184.8

1924.7
1917.8
1929.8

o

623.3
624.2

H

89.4
89.6

in

5.

Eurodollars4

533.9
534.6

Week endino
2000-May
15
22
29

3.
4.

RPs3

552.4
544.1

Apr.
May
June p

1.
2.

Large-denomination time deposits1

1999-Feb.
Mar.

Nov.

•f

Institutional
iiiuiiuy l u n u s

June

5
12
19
26

646.6
656.5
651.6
647.9

658.5
666.2
6 70.0
672.1

94.4
95.2
95.4
95.2

752.9
761.4
765.4
767.3

292.0
2 89.7
284.3
286.5

60.3
61.2
61.1
60.3

352.4
350.9
345.4
346.8

185.3
179.5
175.0
171.1

1937.1
1948.3
1 937. 4
1933.2

J ul y

3p
lOp

646.1
659.1

6 64 . 0
6 65 . 4

95.2
96.2

759.1
761.6

291.3
285.0

59.9
6 0. 5

351.2
3 45.6

171.4
168.8

1927.7
1935.0

1

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 foreiqn banks and
official institutions.
a
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

Foreign
official
institutions

Time and
savings
deposits
due to
foreign
banks and
official
institutions

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

18.6
19.1

1. 4
1.5

4.8
5.5

6.9
12.1

13. 0
19. 1

4.3
4.0

1 51 . 6
151 . 7

96.8
9 6. 5

121.1
122 . 7

3 69 . 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

1 6. 5
28.4
24.0

27. 5
35. 3
32. 5

3.9
4.0
4.0

151.6
151.3
151.1

9 6. 4
9 6. 3
96.3

124.2
125.2
1 26 . 3

372.2
372.9
373 . 7

J uly
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
29.3

33. 7
15. 5
38. 2

4.1
4.3
4.5

150.8
1 50 . 7
1 50 . 6

96.2
96.0
95.8

128 . 5
1 31 . 9
135 . 4

375 . 5
3 78 . 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

35. 2
14. 3
48. 7

4.7
5.0
5.3

150.1
1 49 . 3
1 48 . 5

95.6
95.3
9 5. 1

1 37 . 9
1 39 . 4
1 40 . 9

383 . 5
3 84 . 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
24.3
14.1

63. 5
30. 8
20. 8

5.4
5. 4
5.5

1 48 . 0
148.0
1 47 . 9

94.7
9 4. 1
93.5

1 42 . 6 e
1 44 . 2 e
1 45 . 9 e

385.3 e
386 . 3 e
3 87 . 3 e

8.6 e
8.6 e
8.6 e

1.2 e
1.2 e
1.2 e

27.2 e
2 7. 2 e
2 7. 2 e

5.0
1.5
2.4

8.4
7.1
6.2

40.0
57.5
37.0

53. 3
66. 0
45. 6

5.5 e
5.5 e
5.5 e

1 47 . 8 e
147.5 e
1 47 . 3 e

93.2 e
9 3. 0 e
92.9 e

1 47 . 5 e
1 49 . 2 e
150 . 9 e

3 88 . 5 e
3 89 . 8 e
391.1 e

1. 3
1.1
1.1

9.2
5.0
5.0

6 8. 9
53.2
41.7

79. 4
59. 3
4 7. 8

Apr.
May
June P

Week endina
2000-May
15
22
29
June

5
12
19
26

1.2
1.6
4.1
2.7

4.6
5.0
6. 7
7.8

1 1. 8
2.4
38.8
74.1

17. 7
9.0
49. 7
84. 6

July

3p
lOp

1.3
1.1

6. 5
5.1

58.1
29.2

65. 9
35. 5

1.
Source: Daily T reasu ry statem ent,
e
estimated
p
preliminary
Components m ay not add to totals due to rounding.


http://fraser.stlouisfed.org/
•
•
Federal Reserve
Bank of St. Louis

•

•

•

•

•

•