Full text of H.6 Money Stock Measures : July 6, 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 6, 2 0 0 0 Date M22 M33 DEBT4 Seasonally adjusted 1998-June J uly Aug. Sep. Oct. Nov. Dec. 1077.9 1076.9 1073.1 1078.2 1084.7 1093.7 1097.4 4200.4 4219.0 4243.0 4285.8 4327.2 4364.2 4396.8 5682.7 5703.6 5 762. 2 5 824. 3 5 887. 7 5945.0 5996.7 15767.6 1 58 5 5 . 8 15940.1 16019.0 16105.3 162 0 0 . 7 162 8 2 . 9 1999-Jan. Feb. Mar. Apr. May June Jul y 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 6028.6 6077.9 6087.7 6123.8 6156.3 6187.3 6211.0 6229.1 6255.9 6306.5 6384.7 6477.0 16370.0 16 4 6 1 . 2 16579.1 1 66 8 4 . 7 16759.0 1 68 3 7 . 8 16920.0 17017.8 1 7 1 22 . 3 17 2 1 2 . 6 17 2 8 0 . 6 17381.1 200 0-Jan. Feb. Mar. Apr. May 1119.4 1105.8 1112.3 1116.5 1105.1 4679.3 4691.3 4728.3 4768.8 4764.8 6521.2 6539.0 6612.2 6655.3 6675.7 1 74 6 9 . 9 1 75 3 6 . 0 1 76 3 9 . 2 1 77 1 8 . 7 p Not seasonally adjusted 1998-June July Aug. Sep. Oct. Nov. Dec. 1075.3 1074.4 1069.5 1070.9 1077.6 1098.2 1121.3 4187.4 4208.1 4237.8 4272.8 4311.5 4367.4 4422.0 5666.4 5678.9 5747.4 5 801. 7 5869.8 5 955. 2 6026. 3 1 5 7 23 . 6 1 57 9 5 . 8 1 5 8 81 . 4 159 66 . 4 160 52 . 5 161 74 . 4 1 6 2 79 . 8 1999-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 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 16351 . 7 164 27 . 4 1 6 5 59 . 4 16655.1 1 67 10 . 4 167 88 . 3 1 68 57 . 5 16961.1 17072.1 171 60 . 9 1 72 57 . 6 1 73 80 . 2 2000-Jan. Feb. Mar. Apr. May 1126.1 1097.3 1109.1 1125.3 1099.0 4689.8 4689.4 4749.2 4814.3 4736.7 6537.5 6558.5 6645.6 6699.3 6653.7 1 7 4 55 . 0 17505.1 1 76 20 . 2 1 7 6 89 . 3 p Footnotes ap p ear on the following page p preliminary Components may not add to totals due to rounding. v Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates M2 M3 DEBT1 3 Months from Feb. 2000 TO May 2000 -0.3 6.3 8.4 5.7 6 Months from Nov. 1999 TO May 2000 -0.8 5.9 9.1 5.9 1999 TO May 2000 0.3 5.6 8.4 6.2 -2.0 6.1 7.5 12 Months from May Thi rteen weeks ending June 26 , 2000 from t hi rt ee n weeks endi ng: Mar. 27, 2000 (13 weeks previ ous) Dec. 1. M1 27, 1999 (26 weeks previ ous) -0.3 6.1 9.3 June 28, 1999 (52 weeks previ ous) 0.4 5. 7 8.5 Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, January 2000 to April 2000, October 1999 to April 2000, and April 1999 to April 20 00 , 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 and Z.1. In those releases, published levels of credit market debt are measured on a quarter-end basis and contain discontinuities. 1.7 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. I I. f 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 3 10 17 24 1112.1 1 111. 2 1110.8 1111. 4 1115.1 1 11 5. 9 1 11 5. 9 1 11 8. 7 1 13 1 . 4 1103.8 1113.3 1126.4 4702.4 4708. 8 4716.1 4723.4 4735.5 4745. 6 4753.5 4764.7 4745. 4 4757. 3 4772.0 4784.0 6561.0 6571.6 6582.6 6593.4 6621.1 6627.9 6638.9 6649.5 6627.6 6646.0 6658. 8 6665.6 May 1 8 15 22 29 1111. 4 1110.5 1110. 6 1110. 8 1111.0 111 4 . 2 111 1 . 9 1 1 0 9. 6 110 5 . 4 110 4 . 4 1113.3 1094.5 1104.3 1109.5 1109.3 4729.9 4734.1 4740.1 4746.5 4752.2 4 770. 4 4 768. 5 4766. 5 4763.9 4762.7 4768.3 4749.8 4763.9 4773.5 4763.5 6603.3 6613.0 6 624. 7 6 634. 9 6645.3 6657.5 6660. 7 6666. 7 6669. 9 6673.6 6659.7 6658.7 6682. 9 6678. 3 6 674. 5 June 5 12 19p 26p 1 110. 7 1109.8 1108.9 1107.8 1107.0 1103.2 1101.0 1098.9 1104.7 1089. 2 1100.8 1101.0 4757.6 4762.0 4765.2 4768.1 4768.9 4771.4 4773.7 4776.8 4774.7 4773.7 4782.7 4776.2 6654.1 6660.8 6669.1 6676.2 6682.5 6688.4 6699.2 6709.8 6694.3 6706.6 6721.4 6716.8 2 0 0 0 -Apr. Not seasonally adjusted 2 0 0 0 -Apr. 3 10 17 24 1109.6 1 108. 3 1108. 7 1 110. 0 1 11 4 . 6 111 9. 4 1 1 2 4. 4 1 12 8. 7 1142.6 1115.8 1127.8 1 12 8 . 7 4713. 2 4722.8 4734.1 4744. 7 4759. 7 4783.1 4806.5 4823.3 4793.8 4840.1 4851.4 4808.0 6 585. 3 6 599. 2 6 613. 2 6 626. 2 6655.1 6671.3 6 693. 8 6705.6 6668. 3 6732. 3 6736. 5 6685.1 May 1 8 15 22 29 1110.6 1110.1 1110. 5 1110.6 1110.6 1 12 1 . 9 1 11 5 . 9 1108.1 1 09 9. 9 1096.8 1115. 1 1092.0 1096.5 1096. 1 1102.4 4751. 8 4 755. 0 4 759. 2 4 762. 6 4765.9 4811.2 4787.3 4760.5 4740.3 4734.8 4745.1 4744.5 4744.3 4727.3 4722.9 6635. 7 6643.2 6651.2 6657.5 6664.8 6697. 4 6 677. 9 6 660. 0 6648. 8 6651.7 6635. 8 6654. 3 6664. 6 6640. 3 6647.7 June 5 12 19p 2 6p 1 110. 7 1110.1 1109.3 1108.0 110 0 . 4 1098.5 1098.8 1096.9 1106.6 1089. 0 1097. 2 1094. 6 4769.4 4771.7 4772.0 4770.3 4743.5 4751.5 4760.1 4759.2 4779.6 4776.2 4761.7 4719.4 6671.4 6675.4 6679.0 6679.7 6666.0 6679.6 6693.0 6692.9 6711.4 6719.1 6 693. 7 6 647. 4 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 Travelers checks2 Other checkable deposits Demand deposits3 At commercial banks4 At thrift institutions5 374.0 371.3 3 71 . 9 1 47 . 0 142.8 144.2 103.9 104.6 105.5 2 50.8 247.4 2 49.7 8.2 8.3 8.8 371.6 36 5 . 9 36 0 . 6 146.1 142.3 142.1 105.8 105.2 105.1 251.8 247.5 247.2 4 87.3 491.2 495.3 9.1 8.9 8.7 360.1 356.5 351.3 1 38.1 137.0 136.5 104.9 105.0 104.3 243.0 242.0 240.8 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. 524.4 518.5 517.5 8.2 8.1 8.2 343.7 338.1 343.0 141.6 137.4 137.1 101.5 103.7 1 06.5 243.1 241.2 243.7 Apr. May 518.5 520.0 8.2 8.3 341.9 33 4 . 4 140.0 135.7 1 07.9 106.8 248.0 242.5 1 8 15 22 29 518.4 5 18.7 519.5 520.0 521.3 8.1 8.2 8.2 8.3 8.4 340.1 324.7 335.5 338.4 337.8 139.1 134.4 134.4 135.9 137.3 107.5 108.6 106.7 106.9 104.6 246.6 243.0 241.1 242.8 241.9 5 12 19p 2 6p 520.3 520.9 522.1 523.3 8.5 8.5 8.5 8.5 3 32 . 7 321.1 329.3 328.0 134.5 131.3 134.1 135.6 108.7 107.5 106.9 105.6 243.2 238.8 241.0 241.2 1999-Jan. Fab. Mar. 463.0 467.4 471.5 8.2 8.1 8.2 Apr. May June 475.6 480.0 483.5 July Aug. Sep. Week endina 2000-May June 1. Currency1 e e e Total 3. 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 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. 2. e estimated p preliminary Components may not add to totals due to rounding. » t •k. • t • • • • • • • • 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 thrift institutions Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 1999-J a n . Feb. Ma r . 1 198. 6 1212.6 1217. 3 419.2 426.0 4 29 . 9 1 61 7. 7 1 63 8 . 6 1 64 7 . 2 622.6 618.6 616.9 324.3 322.5 320.4 9 47 . 0 941.1 937.3 761.5 773.6 777.6 3326.2 3353.3 3362.1 Apr. May June 1230.9 1242.4 1 252. 2 431.5 442.0 447.7 1 66 2 . 4 1 68 4 . 4 1 69 9 . 9 615.9 616.1 6 16 . 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 Jul y Aug. Sep. 1264.3 1274.0 1285.7 453.7 455.6 455.7 1718.1 1729. 6 1741.5 6 17 . 3 618.9 622.1 3 14.2 3 14.5 3 15.5 931.5 933.4 937.6 803.8 808.7 814.9 3453.4 3 47 1 . 8 3494.0 Oct. Nov. Dec. 1 28 9. 7 1289.0 1285.7 453.4 451.8 4 48.7 1743.1 1740.8 1734.4 625.6 630.3 6 34 . 7 316.7 318.9 320.5 942.3 9 49.2 9 55.2 820.4 827.9 842.9 3505. 8 3 517. 8 3 532. 5 2000-Jan. F eb. Mar . 1288.3 1302.0 1309.1 447.2 449.6 4 52.3 1735.5 1751.6 1761.4 6 39 . 0 644.4 650.1 322.9 3 23.7 324 .7 9 61.9 968.2 9 74.8 862.5 865.6 879.8 3 559. 9 3585.4 3 615. 9 Apr. May 1325.2 1322.2 449.3 453.2 1774.5 1775.5 659.7 666.9 324.2 326.4 9 83.9 9 93 . 3 893.8 890.9 3652.3 3659. 7 1 8 15 22 29 1324.6 1328.6 1324.0 1322.7 1308.8 453.3 451.8 452.1 454.8 453.7 1777.9 1780.4 1776.1 1777.5 1762.5 662.2 663.5 665.7 667.8 669.8 3 25.6 326.3 3 26.3 326.1 326.9 9 87 . 8 989.8 992.0 994.0 996.7 889.3 885.1 891.5 892.6 895.0 3655.0 3655. 2 3659. 6 3664. 0 3654.2 5 12 19P 26p 1331.1 1339.5 1333.8 1324.1 448.6 450.6 452.9 457.7 1779.7 1 790. 1 1786.7 1781.8 673.2 676.1 678.3 680.1 327.3 3 28.4 3 29.4 330.0 1000. 5 1004.4 1007.7 1010.1 889.8 889.9 887.5 883.2 3670.0 3684.5 3681.9 3 67 5. 1 Week endina 2000-May June 1. 2. At commercial banks Savings deposits include m oney m arket deposit accounts. Sm all-denom ination tim e 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 time 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 Date Large-denomination time deposits1 RPs3 At commercial banks2 At thrift institutions Debt components5 Eurodollars4 Total Total Non-M2 M3 Federal Non-Federal 1999-Jan. Feb. Mar. 5 23.3 533.2 535.9 541.4 537.8 534.5 90.3 90.0 89.5 631.7 627.8 624.0 300.6 315.1 305.7 150.7 154.1 158.7 1606.4 1630.3 1624.2 3742.7 3723.7 3723.9 12627.3 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 1 61 . 5 162.3 164.8 1633.3 1643.2 1656.4 3718.6 3702.8 3703.6 12966. 1 13056.2 13134. 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 1 58 . 0 155.8 1658.2 1658.6 1665.8 3 70 8. 0 3711.0 3698.1 1 32 1 2 . 0 13306.8 13424.3 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 7 05.9 313.4 321.5 334.7 155.2 1 63 . 9 173.5 1699. 4 1757. 4 1821. 5 3 68 0. 2 3656.9 3659.5 13532.4 13623.8 13721.7 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 1 76.0 171.6 1 80.9 1841.9 1847.7 1883.9 3646.2 3 609. 4 3618.8 13823.7 13926.6 14020.4 Apr. May 640.0 649.2 645.0 650.0 94.6 93.3 739.5 743.4 334.5 341.2 172.6 1 77.0 1886.6 1910. 8 3602.3 p 14116.4 p 1 8 15 22 29 6 37.5 644.4 6 52.5 654 .2 648.5 646.2 656.4 654.3 644.4 646.2 93.6 93.5 93.9 93.2 92.9 739.8 749.9 748.2 737.6 739.1 339.5 339.6 344.3 336.9 342.5 174.8 175.0 173.9 1 76 . 3 180.9 1891. 5 1908. 9 1 919. 0 1904. 9 1 911. 0 5 12 19p 26p 6 45.7 654.2 660.3 659.6 647.7 658.2 662.9 666.9 93.7 94.8 95.1 95.1 741.4 753.0 758.1 762.0 347.4 347.0 344.8 348.7 185.1 178.8 175.6 170.4 1919. 5 1932.9 1938.7 1940.6 Week ending 2000-May June 1. 2. Institutional money funds 5. Large-denom ination tjm e deposits are those issued in am ounts of $ 1 0 0 ,0 0 0 or more, excluding those booked at international banking facilities. Large-denom ination tim e deposits at comm ercial banks less those held by money market mutual funds, depository institutions, U.S. governm ent, and foreign banks and official institutions. Overnight and term RPs of $ 1 0 0 ,0 0 0 or more issued by depository institutions, excluding those held by depository institutions and by m oney funds. Overnight and term Eurodollars issued to U .S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada, excluding those held by depository institutions and by money funds. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities. p preliminary 3. 4. m ay not add to totals due to rounding. Digitized forComponents FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis • • • • • • • • * * • • • m • • • • • • • . . • • Page 7 H.6 (508) Table 7 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Other checkable deposits Currency1 Date Travelers checks2 Demand deposits3 At commercial banks4 8.3 8.3 8.3 379.2 364.3 367.2 149.3 142.7 144.8 104.7 103.4 105.9 254.0 246.1 2 50.6 Apr. May June 475.7 479.7 483.0 8.3 8.3 372.1 361.5 3 59 . 3 149.0 141.9 142.2 108.4 104.9 105.2 257.4 246.8 2 47.4 Jul y Aug. Sep. 487.7 490.2 493.3 8.7 359.9 355.2 347.2 136.8 135.6 135.2 104.4 103.9 103.0 241.2 239.5 238.2 Oct. Nov. Dec. 498.3 505.1 521.2 00 8.3 8.4 3 50 . 7 359.2 3 71 . 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 8.3 348.4 331.7 338.5 143.8 137.2 137.7 102.4 102.6 107.0 246.2 239.8 244.6 Apr. May 518.9 519.6 8.3 00 344.4 329.2 142.8 135.4 110.8 106.4 253.6 241.8 1 8 15 22 29 517.4 520.2 519.4 518.9 520.3 8.3 8.3 8.4 8.4 8.4 339.2 319.9 329.7 328.8 332.5 141.0 134.2 133.3 1 35 . 2 137.3 109.2 109.4 105.7 104.8 103.9 250.3 243.6 239.1 240.0 241.1 5 12 19p 26p 521.0 521.8 521.0 520.6 in 00 332.3 320.4 326.9 324.5 134.6 131.1 134.3 136.4 110.1 107.3 106.6 104.8 244.7 238.4 240.9 241.2 00 <r> 462.4 466.4 471.2 VO 00 June 4. 5. Total 1999-Jan. Feb. Mar. Week endincr 2000-May 1. 2. 3. At thrift institutions5 8.5 8.4 8.3 8.2 e e e Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts. e estimated p preliminary Components may not add to totals due to rounding. Page 8 H.6 (508) Table 8 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars Savings deposits1 Small-denomination time deposits2 Total Retail money funds Total Non-M1 M2 325.1 323.7 321.3 949.2 944.5 939.7 764.4 783.8 792.8 3328.8 3357. 8 3383. 9 616.4 614.3 613.3 319.5 316.8 313.4 935.9 931.1 926.7 797.8 782.1 788.8 3414.9 3 392. 7 3 417. 0 1719.9 1727.6 1736. 4 615.5 617.3 621.5 313.2 313.7 315.2 928.7 931.0 936.7 792.5 808.6 813.5 3441.1 3467.1 3486.6 451.8 451.6 449.7 1736. 9 1740.3 1738. 2 626.7 631.9 6 35 . 5 317.2 319.6 3 21 . 0 9 43.9 9 51.5 956.4 816.4 824.9 841.6 3497.1 3516.7 3 536. 3 1 286. 5 1294.6 1311.8 446.6 447.1 453.2 1733.1 1741.7 1765.0 640.6 6 47 . 0 652.1 323.7 325.0 325.7 964. 972, 977.8 866. 878. 897. 3563.7 3592.1 3640.1 1 34 1 . 5 1317.4 454.9 451.6 1 79 6 . 4 1769.0 660.4 664.6 324.5 325.3 984. 989, 907.8 878.8 3689.1 3637.7 1 8 15 22 29 1311. 6 1335.4 1327.7 1 310. 8 1296.4 448.8 454.1 453.4 450.7 449.5 1760. 4 1 789. 5 1781.1 1761.6 1745. 9 661.5 6 62 . 3 6 63 . 8 6 65 . 2 666.5 325.3 325.7 325.3 324.8 325.3 9 86.8 988.0 989.1 990.0 991.8 882.8 874.9 877.6 879.6 882.8 3630.0 3652. 4 3647.8 3631.2 3620.5 5 12 19p 26p 1 34 6 . 2 1352.1 1334. 2 1301. 9 453.7 454.9 453.1 450.0 1 79 9 . 9 1806. 9 1787. 3 1751.9 669.4 671.8 673.7 675.7 325.4 326.3 327.2 327.8 994.8 998.1 1 000. 9 1003. 5 878.2 882.2 876.4 869.4 3673, 3687. 3664. 3624.8 Date At commercial banks At thrift institutions 1999-Jan. Feb. Ma r . 1196.8 1205.9 1220.4 418.5 423.7 431.0 1615.3 1629.5 1651.4 624.1 620.8 618.5 Apr. May June 1244.9 1238.8 1253.4 436.4 440.7 448.1 1681.2 1679.5 1701. 6 Jul y Aug. Sep. 1265.7 1272.5 1282. 0 454.2 455.1 454.4 Oct. Nov. Dec. 1285.1 1288. 6 1288. 5 2000-Jan. Feb. Mar. Apr. May Week ending 2000-May June 1. Savings deposits include money market deposit accounts. 2' S ^ a S m S S S S Total At commercial banks At thrift institutions — “ --------------------------------------------------- . retail R P s-are those issued in amounts of less than $100-000- A" ,RA and Ke°9h account balances at commercial banks and p preliminary Components may not add to totals due to rounding. • • « • • • • • • • Page 9 H.6 (508) Table 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT Billions of dollars Date Eurodollars4 At commercial banks2 At thrift institutions Total At commercial banks At thrift institutions Total Non-M2 M3 Total Debt components5 Federal Non-Federal 533.2 533.9 534.6 89.0 89.4 89.6 6 22 . 2 623 . 3 624 . 2 2 52.9 265.7 252.9 48.0 51.0 54.7 300.9 316.6 307.6 152.4 1 55 . 9 158.4 1610. 2 1648. 2 1634.3 3736.6 3 72 1 . 8 3 74 1 . 2 1 2 6 15 . 1 1 2705. 5 1 2818. 2 Apr. May June 544.2 5 45.3 5 47.6 536.7 541.0 5 37.1 89.3 89.3 89.1 626.1 6 30 . 2 6 26 . 2 243.8 250.9 254.0 56.3 58.1 59.9 300.1 3 09.0 313.9 161.3 163.9 164.7 1631.7 1648.4 1652.4 3717.1 3 67 4 . 2 3 66 2 . 8 1 2938. 0 130 36 . 1 13125. 4 Jul y Aug. Sep. 5 40 . 5 555.0 553.2 5 38 . 2 5 32.5 542.2 88.9 89.4 89.9 627.1 621.9 632.2 2 48.5 249.2 246.8 62.2 63.6 65.8 3 10 . 8 3 12.9 3 12.6 160.9 156.9 154.4 1 639. 3 1 64 6. 6 1652.4 3 65 2 . 2 3665.8 3 65 5 . 8 13205. 3 1 3295. 3 13416. 3 Oct. Nov. Dec. 570.9 595.1 618.9 567.9 5 91 . 9 612.6 90.2 9 1. 5 9 1. 2 658.1 6 83 . 4 703.8 245.2 259.6 266.5 65.5 64.6 63.5 310.7 324.1 330.0 153.8 164.1 175.6 1693.6 1766. 7 1828.3 3 63 5 . 5 3 64 1 . 7 3663. 1 13525. 3 13615. 8 137 1 7 . 1 2000-Jan. Feb. Mar. 638.2 640.6 650.5 609.8 616.0 627.8 92 , 94. 95, 702.7 710.3 722.9 265.2 282.7 282.3 64.5 6 2. 5 5 9. 9 329.7 345.1 342.2 177.2 173.0 180.8 1847.7 1869.0 1896. 4 3639.0 3 60 5 . 4 3 63 3 . 6 13815. 9 13899. 7 13986. 5 Apr. May 640.2 644.5 644.7 654.7 94, 94, 739.3 748.7 273.3 284.4 59.8 60.9 333.1 345.3 172.5 178.5 1885.0 1917.0 3597.2 p 1 40 9 2 . 1 p 29 631.0 637.6 645.5 6 50.6 6 45.6 649.1 661.4 658.1 648.7 651.7 94.1 94.2 94. 4 93. 8 93. 7 743.2 755.6 752.5 742.4 745.4 280.7 281.5 286.3 280.5 287.8 59.3 60.8 6 1. 6 60. 3 61.1 339.9 342.4 347.9 340.8 348.9 176. 174, 174, 179, 184.8 1890. 7 1909.9 1920.2 1913.0 1924.7 5 12 19p 26p 6 46.6 656.5 651.6 647.9 6 53.2 660.9 664.7 667.1 94.4 95. 2 95.4 95.1 747.6 756.1 760.1 762.2 292.0 289.7 284.3 2 86.4 60. 3 61. 2 61.1 60. 3 352.4 350.9 345.4 346.8 185.3 179.5 175.0 171.1 1931.8 1942.9 1932.0 1928.0 June 5. RPs3 534.8 552.4 544.1 1 8 15 22 3. 4. Large-denomination time deposits1 •Jan. Feb. Mar. Week ending 2000-May 1. 2. Institutional money funds 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. 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. 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-Jan. Feb. Mar. 8.8 8. 7 8. 7 1.8 1.8 1. 7 18.2 1 8. 6 19.1 2.9 1. 4 1. 5 6.6 4.8 5.5 3 0. 8 6.9 12.1 4 0. 2 13. 0 1 9. 1 4.6 4.3 4.0 151 . 5 151 . 6 151. 7 97.0 9 6. 8 9 6. 5 119 . 4 121.1 122. 7 367 . 8 369. 4 3 71 . 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 2 4. 0 27. 5 35. 3 32. 5 3.9 4.0 4.0 151 . 6 151. 3 151.1 96. 4 9 6. 3 96. 3 1 24 . 2 1 25 . 2 126 . 3 3 72 . 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 2 7. 2 9.2 2 9. 3 33. 7 15. 5 38. 2 4.1 4.3 4.5 150 . 8 150 . 7 1 50 . 6 96. 2 96.0 95.8 1 28 . 5 1 31 . 9 135.4 375.5 37 8 . 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 5.3 150.1 149 . 3 148 . 5 95.6 95.3 95.1 1 37 . 9 1 39 . 4 1 40 . 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 52. 5 24.3 14.1 63. 5 30. 8 20. 8 5. 4 5. 4 5.5 148 . 0 148 . 0 1 47 . 9 9 4. 7 94.1 9 3. 5 14 2 . 6 e 14 4 . 2 e 145.9 e 385.3 e 3 86 . 3 e 387 . 3 e 8.6 e 8.6 e 1.2 e 1.2 e 27.2 e 27.2 e 5. 0 1. 5 8. 4 7.1 40 . 0 5 7. 5 53. 3 66. 0 5.5 e 5.5 e 1 47 . 8 e 147 . 5 e 93.2 e 93.0 e 1 47 . 5 e 14 9 . 2 e 388.5 e 389.8 e 1 8 15 22 29 7.3 1. 5 1. 3 1.1 1.1 16. 7 8.3 9. 2 5. 0 5.0 74.2 73 . 2 6 8. 9 5 3. 2 41 . 7 98. 2 83. 0 79. 4 59. 3 4 7. 8 5 12 19p 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 49. 7 84. 6 Apr. May Week endina 2000-May June 1. Source: Daily Treasury statem ent, e estim ated p preliminary Components m ay not add to totals due to rounding.
@FedFRASER