Full text of H.6 Money Stock Measures : June 1, 2000

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FEDERAL RESERVE statistical release
H.6 (508)
Table 1

* * «»**
For release at 4:30 p.m. Eastern Time

MONEY STOCK AND DEBT MEASURES

Ju n e 1 ,2 0 0 0

Billions of dollars

Date

M11

;i

M22

M33

DEBT4

Seasonally adjusted
1 9 9 8 -May
June
July
Aug.
Sep.
Oct •
Nov.
Dec.

1076.5
1077.9
1076.9
1073.1
1078.2
1084.7
1093.7
1097.4

4175.0
4200.3
4218.9
4243.0
4285.8
4327.3
4364.3
4397.0

5638.3
5682.6
5703.6
5762.2
5824.4
5887.8
5945.2
5996.9

1 5641. 4
1 57 26. 8
15813.1
15895.7
1 59 72. 9
1 60 57. 2
16150.1
1 62 29. 8

1999-Jan.
Feb.
Mar.
Apr.
May
June
J ul y
Aug.
Sep.
Oct.
Nov.
Dec.

1096. 0
1094. 3
1101.4
1107.2

4422.4
4447.7
4463.4
4490.4
4513.1
4531.0
4552.7
4569.9
4589.1
4605.3
4624.2
4652.2

6028.7
6078.0
6087.8
6123.7
6156.3
6187.3
6210.8
6228.4
6254.6
6302.9
6379.3
6469.3

16315.4
16406.1
1 65 22. 9
16626.3
1 66 99. 3
1 67 77. 3
1 68 58. 5
16956.1
1 70 59. 3
17147.6
17215.0
1 73 14. 2

20 00-Jan.
Feb.
Mar.
Apr.

1 1 2 1 .1

4675.7
4684.9
4719.9
4759.3

6513.4
6527.9
6596.2
6634.2

1 74 04. 6
17476.4
1 75 81. 9 p

1 1 0 1 .8
1 1 0 0 .2
1 09 9 . 6
1098.7
1 096. 0

1 1 0 1 .1
1109.4
1123.8

1105.7

1 1 1 1 .6
1115.5

Not seasonally adjusted
1 9 9 8 -May
June
Jul y
Aug.
Sep.
Oct.
Nov.
Dec.

1 07 0 . 9
1 07 5 . 3
1 07 4 . 4
1069.5
1 07 0 . 9
1077.6
1098.2
1 12 1 . 3

4154.2
4187.3
4208.1
4237.8
4272.8
4311.6
4367.6
4422.2

5622.0
5666.3
5678.9
5747.4
5801.8
5869.9
5955.4
6 02 6. 5

1 55 99. 5
1 56 82. 9
15753.1
15837.1
15920. 4
16004. 4
1 61 23. 8
16226.7

1999-Jan.
Feb.
Mar.
Apr.
May
June
J ul y
Aug.
Sep.
Oct.
Nov.
Dec.

1104.0
1085. 2
1097.4
1113.5
1096.4
1098.3
1097.7
1093.5
1087.1
1095.1
1112.8
1148.3

4433.0
4443.0
4481.3
4528.3
4489.0
4515.3
4538.6
4560.1
4572.7
4590.5
4626.6
4680.5

6043.2
6091.3
6115.7
6160.0
6137.4
6167.7
6177.8
6206.5
6224.9
6282.4
6390.8
6504.4

1 62 96. 9
16371.6
165 02. 6
16597.1
166 50. 8
167 27. 2
167 95. 2
16897.7
17007.7
17095.5
17191.2
1 7312. 6

2000-Jan.
Feb.
Mar.
Apr.

1127.8
1097.2
1108.3
1124.2

4686.2
4683.0
4740.7
4804.8

6529.7
6547.3
6629.5
6678.1

1 73 90. 6
1 74 49. 5
17564.8 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 Jan.

2000 TO Apr.

2000

-2.0

7.2

7.4

6.2

6 Months from Oct.

1999 TO Apr.

2000

2.6

6.7

10. 5

6.1

12 Months from Apr.

1999 TO Apr.

2000

0.7

6.0

8.3

6.4

-2.6

6.1

7.7

Thirteen weeks ending May 22 , 2000
from t hi rt een weeks endi ng:
Feb. 21, 2000 (13 weeks previ ous)

1.

M1

Nov.

22,

1999

(26 weeks previ ous)

1.6

5.9

10.1

May

24,

1999

(52 weeks previ ous)

0.6

5.7

8.2

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, December 1999 to March 2000, September 1999 to March 2000
and March 1999 to March 2000, respectively.

Footnotes to Table 1:

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 al commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the
Pax*^SS col]ectl°" 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 bv summina
currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
£ on8i ^ of«5 i\ 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 monev
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.
y
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overniqht and term) issued bv 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 addina this
result to seasonally adjusted M2.
3
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
a??h« icJ i« «■’ d
we6oy j f ! re aVo«o
o ^ t0 ^anuary 1975 for most series. For information about individual copies or subscriptions, contact Publications Services
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
1986.




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Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted

Period ending
2000-Feb. 28

M3

M2

M1
13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

1117.1

1105.6

1107.1

4669. 9

4684.0

4682.1

6501.1

6526.0

6526.5

Mar.

6
13
20
27

1116.8
1116.0
1115.3
1 113. 6

1105.8
1105.3
1106.9
1108.6

1 1 0 7. 8
1 1 0 0. 2
1 11 2. 3
1 1 1 4. 0

4674. 7
4 679. 6
4685.3
4690.7

4685.6
4 693. 0
4705. 0
4717.0

4697.1
4708.9
4731.9
4730.1

6514.1
6526.0
6535.0
6542.8

6537.0
6558.2
6574.1
6593.9

6567.9
6604.5
6 597. 4
6605. 8

Apr.

3
10
17
24

1112.3
1111.2
1110.6
1111.0

1114.2
1114.9
1114. 9
1117.7

1 130. 4
1 10 2. 8
1 11 2 . 3
112 5. 4

4696.1
4 702. 0
4 708. 8
4715.8

4 726. 8
4736.6
4744.3
4 755. 4

4 736. 4
4748.1
4762.6
4774.4

6 549. 0
6558. 7
6568.7
6 578. 4

6 603. 9
6609.1
6619.2
6628.8

6607. 7
6625.4
6637.8
6644.2

May

1
8
15p
22p

1110.7
1109.7
1109.8
1110.0

1113. 2
1110.8
1108.5
1104.3

1112.2
1 0 9 3. 4
1103. 1
1 10 8 . 6

4721.8
4725.6
4731.3
4737.4

4760.9
4758.8
4 756. 5
4 753. 7

4758.4
4739.7
4753.5
4763.3

6587.1
6595.7
6606.5
6615.9

6 63 6. 3
6638.9
6644.5
6647.3

6637.7
6636.0
6659.9
6 655. 7

Not seasonally adjusted
2000-Feb.

28

1125.2

1096.5

1101.1

4682. 7

4 682. 4

4672.0

6525.0

6546.0

6540. 4

Mar.

6
13
20
27

1124.1
1122.0
1119.0
1114.2

1098.2
1 09 9 . 4
1102.3
1104.6

1 10 5. 2
1 09 5. 9
1 10 6 . 8
111 0. 5

4687.3
4692.4
4697.4
4701.1

4 690. 0
4703.5
4721.7
4736.5

4727.3
4738.2
4749.2
4 731. 4

6537. 6
6549. 4
6558. 3
6565. 7

6562. 4
6588.1
6 608. 8
6 628. 9

6612.6
6 652. 9
6629. 4
6620.5

Apr.

3
10
17
24

1109.8
1108.2
1108.4
1109.6

1113.7
1 11 8 . 4
1123.4
1127.7

1 1 4 1. 6
1 114. 7
1 12 6. 7
1 12 7 . 6

4 706. 8
4715.9
4726.7
4737.0

4750.9
4774.0
4797.2
4813.9

4784.6
4 830. 7
4841.9
4798.3

6573.3
6 586. 2
6599.2
6611.1

6637.8
6652.5
6674.0
6684.7

6 64 8 . 4
6 711. 5
6715.4
6 66 3. 6

May

1
8
15p
22p

1109.9
1109.4
1109.7
1109.7

1120.8
1114. 8
1107. 0
1098.9

1114.1
1 09 0 . 9
1 0 9 5. 3
1095.2

4743.6
4 746. 5
4750.3
4753.4

4801.6
4777.5
4750.5
4 730. 3

4735.3
4734.4
4734.1
4717.3

6619.4
6625.9
6632.9
6 638. 4

6676.1
6656.1
6637.7
6626.2

6613.7
6631.6
6641.7
6617.6

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.




H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Date

2.
4.
5.

Other checkable deposits
Demand deposits3
At commercial banks4

At thrift
institutions5

145.1

105.2

250.3

Total

1998-Dec.

459.5

379.3

1999-Jan.
Feb.
Mar.

463.0
467.4
471.5

8.2
8.1
8.2

374.0
371.3
371.9

1 47 . 0
142.8
144.2

103.9
104.6
105.5

250.8
247.5
249.7

Apr.
May
June

475.6
480.0
483.5

8.2
8.3
8.8

371.6
366.1
360.8

1 46.1
142.2
1 42.0

105.8
105.2
105.1

251.8
247.4
247.2

J uly
Aug.
Sep.

487.3
491.2
495.3

9.1
8.9
8.7

3 60 . 2
3 56 . 6
351.1

138.0
136.9
136.5

104.9
105.1
104.4

242.9
242.0
240.8

Oct.
Nov.
Dec.

499.3
504.3
515.6

8.4
8.2
8.3

3 53.1
355.7
355.9

136.4
137.6
141.3

103.9
103.6
1 02.7

2 40.3
241.2
244.0

2000-Jan.
Feb.
Mar.

5 24.3
518.2
517.1

8.2
8.1
8.2

345.5
338.3
343.0

141.6
137.3
136.7

101.6
103.8
106.7

243.1
241.0
243.3

Apr.

518.0

8.2

341.3

139.9

108.1

248.0

517.5

8.2

344.4

137.6

106.3

243.9

353.7
331.2
340.3
347.0

142.5
136.4
138.5
143.6

108.3
109.3
107.3
108.0

250.7
245.6
245.8
251.6

339.6
324.1
334.9
338.1

139.0
134.3
134.2
135.8

107.6
108.7
1 06.9
107.1

246.6
243.0
241.1
242.8

Week endincr
2000-Mar. 27

3.

Travelers checks2
00
to

Currency1

Apr.

3
10
17
24

517.7
517.8
518.1
518.6

8.3
8.2
8.2
8.1

May

1
8
15p
22p

517.9
518.2
519.0
519.4

8.1
8.1
8.1
8.2

e
e
e

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.



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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

1998-Dec.

1184.8

413.8

1 59 8 . 6

626.1

325.6

951.7

749.4

3 299. 6

1999-Jan.
Feb.
Mar.

1198.6
1212.6
1217.3

419.2
426.0
429.9

1 61 7. 7
1 63 8 . 6
1 64 7 . 2

622.6
618.6
616.9

324.3
322.5
320.4

947.0
941.1
937.3

761.7
773.7
777.6

3326.4
3353. 4
3362.0

Apr.
May
June

1230. 9
1242. 4
1252.2

431.5
442.0
4 47 . 7

1 66 2. 4
1 68 4 . 3
1699.9

6 16.0
616.2
616.5

319.3
317.7
315.0

935.2
933.9
931.5

785.6
793.0
799.4

3383.1
3411. 3
3430.8

J uly
Aug.
Sep.

1 26 4. 3
1274.1
1285.8

453.7
4 55.6
455.7

1718.0
1729.7
1741.5

617.4
619.0
622.1

3 14.2
3 14.6
315.6

931.6
933.5
937.7

803.5
808.1
813.9

3453.1
3471.3
3493.1

Oct.
Nov.
Dec.

1289.8
1289.1
1285.8

453.4
451.7
4 48 . 7

1743.2
1740.9
1734.5

625.5
6 30.2
634.5

316.7
318.9
320.6

942.2
949.0
955.0

818.7
825.0
838.9

3504.1
3514.9
3528.4

2000-Jan.
Feb.
Mar.

1 288. 3
1301.9
1308.6

447.3
449.9
452.7

1735.7
1751.7
1761.3

638.5
643.6
648.7

3 22.8
323.2
323.9

961.3
966.8
972.5

857.7
860.6
874.5

3554.6
3579.2
3608.3

Apr.

1 324. 7

449.8

1774.5

657.9

323.1

981.0

888.3

3643.8

1305.5

456.9

1762.4

649.5

324.6

974.1

879.6

3616.1

Week ending
2000-Mar. 27

1.
2.

At thrift
institutions

Apr.

3
10
17
24

1294.2
1 326. 6
1331.1
1 328. 7

450.4
4 48.9
448.5
449.2

1744.6
1775.5
1779.6
1777.8

652.4
656.3
657.7
659.0

322.9
322.3
3 23.0
3 23.8

975.3
978.5
9 80.7
982.8

886.1
891.2
890.0
888.4

3606.0
3645.3
3650.3
3649.1

May

1
8
15p
22p

1324.1
1328.1
1323.5
1322.2

453.8
452.3
452.6
455.4

1777.9
1780.4
1776.1
1777.7

660.2
6 61.4
6 63.5
665.5

324.4
325.2
325.0
324.8

984.6
986.5
988.5
990.2

883.6
879.4
885.8
8 86.9

3646.2
3646.3
3650.4
3654.8

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 6

H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars
Date

Institutional
money funds

Large-denomination time deposits1
RPs3
At commercial
banks2

At thrift
institutions

Debt components5
Eurodollars4

Total

Total
Non-M2 M3

Federal

Non-Federal

1998-Dec.

518.4

539.3

8 8. 9

€2 8. 1

300.8

152.6

1599.9

3750.8

12479.1

1999-Jan.
Feb.
Mar.

523.3
533.2
535.9

541.4
537.8
534.5

90.3
90.0
89.6

631.7
627.8
624.1

300.6
315.1
305.7

150.7
154.1
158.7

1606.4
1630.3
1624.3

3742. 7
3723. 7
3723.9

12572. 7
12682.4
12799. 0

Apr.
May
June

544.4
550.1
553.9

537 . 1
537 .2
535.9

89.4
88.9

626.5
625.8
624.8

300.9
305.0
312.8

161.5
162.3
164.8

1633.4
1643. 2
1656.3

3718. 6
3702.8
3703.6

12907.8
12996. 5
13073.6

July
Aug.
Sep.

556.1
563.8
566.9

537.6
533 .8
539.8

88.7
89.5
89.5

626.3
623.3
629.3

312.7
313.3
313.5

163.0
158.0
155.8

1658.1
1658. 5
1665. 5

3708.0
3711.0
3698.1

13150.6
13245.1
13361. 2

Oct.
Nov.
Dec.

577.7
592.1
607.4

562.4
587.1
610.5

89. 5
91.0
91.4

651.9
678.0
701.9

313.4
321.5
334.7

154.7
163.4
173.1

1697.7
1 755. 0
1817.1

3680.2
3656. 9
3659.5

13467. 3
13558.1
13654. 7

2000-Jan.
Feb.
Mar.

623.5
617.5
640.7

614 .8
616.1
620.1

94. 4
95.1
95.3

709.2
711.1
715.4

329.4
343.2
339.5

1 75.5
171.1
180.7

1837. 7
1843. 0
1876. 3

3 646. 2
3609. 5
3618.8 p

13758.4
13867. 0
139 63. 1 p

Apr.

640.0

633.1

94.8

727.9

334.4

172.6

1874. 9

643.1

6 20.3

9 5. 3

715.5

338.2

178.8

1875. 6

Week ending
2000-Mar. 27

8 8 .6

Apr.

3
10
17
24

644.7
639.2
643.2
637.7

629.7
636.2
633.1
630.8

95,
95,
95,
94,

725.1
731.3
728.3
725.5

326.9
333.6
333.3
335.0

174.7
173.1
170.3
171.6

1871.4
1877. 3
1875.2
1869. 8

May

1
8
15p
22p

637.5
644.4
652.5
654.2

633.8
643.7
641.6
631.6

93.8
93.7
94.1
93.4

727.7
737.4
735.7
725.0

339.4
339.5
344.3
336.9

174.8
175.1
174.0
176.3

1879. 3
1896. 4
1906. 4
1892. 3

1.

Large-denomjnatjon tim e deposits are those issued in am ounts of $ 1 0 0 ,0 0 0 or more, excluding those booked at international banking facilities.

2.

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

3.
4.
5.

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


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

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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

4.
5.

Total

1998-Dec.

464.1

8.4

395.9

1 46 . 3

106.6

252.8

1999-Jan.
Feb.
Mar.

4 62.4
466.4
471.2

8.3
8.3
8.3

379.2
364.3
3 67 . 2

1 49 . 3
142.7
144.8

104.7
103.5
105.9

254.0
246.1
250.7

Apr.
May
June

475.7
479.7
483.0

8.3
8.3
8.6

372.1
361.6
359.4

149.0
141.8
142.1

108.4
104.9
105.2

257.4
2 46 . 7
247.3

J uly
Aug.
Sep.

487.7
490.2
493.3

8.7
8.6
8.5

360.1
355.2
347.0

136.7
135.5
135.2

104.5
103.9
103.0

241.2
239.4
238.2

Oct.
Nov.
Dec.

498.4
505.2
521.3

8.4
8.3
8.4

350.4
359.0
371.9

135.0
137.0
142.3

1 02.9
103.4
1 04.3

237.8
240.4
246.7

2000-Jan.
Feb.
Mar.

523.0
517.3
517.2

8.4
8.3
8.3

350.2
331.9
338.5

143.7
137.1
1 37.2

102.5
102.7
107.1

246.2
239.7
244.3

Apr.

518.4

8.3

3 43 . 8

142.7

111.0

2 53.7

516.7

8.3

339.9

139.2

106.2

245.4

359.1
335.8
346.3
344.2

145.3
138.5
142.1
147.1

111.5
112.2
111.5
110.1

256.8
250.7
253.5
257.2

338.7
319.3
329.1
3 28 . 6

140.9
134.1
133.2
135.0

109.4
109.6
1 05.9
105.1

250.3
243.7
239.1
240.0

Week endina
2000-Mar. 27

1.
2.
3.

At thrift
institutions5

Apr.

3
10
17
24

517.4
519.9
518.5
517.9

8.4
8.3
8.3
8.3

May

1
8
15p
22p

516.9
519.7
518.8
518.4

8.3
8.2
8.3
8.3

e
e
e

Currency outside U .S . Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding am ount of U .S. dollar-denom inated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in dem and deposits.
Dem and deposits at com m ercial banks and foreign-related institutions other than those due to depository institutions, the U.S. governm ent and foreign banks and official
institutions, less cash items in the process of collection and Federal Reserve float.
Consists of N O W and A T S balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of N O W and A T S balances at thrifts, credit union share draft balances, and dem and deposits at thrifts.

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



I I.U

\vJU U

)

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

1998-Dec.

1186. 0

414.2

1600. 2

626.5

325.8

952.3

748.3

3300. 9

1999-Jan.
Feb.
Mar.

1196.8
1205.9
1220.4

418.5
423.6
431.0

1615.3
1629. 5
1651.4

624.1
620.8
618.5

325.1
323.7
321.2

949.2
9 44 . 5
9 39 . 7

764.6
783.9
792.8

3329. 0
3357.9
3383. 9

Apr.
May
June

1244.9
1238.8
1 25 3. 4

436.4
440.7
448.1

1 68 1 . 2
1679.4
1701.5

616.4
614.4
613.4

319.5
316.8
313.4

9 35 . 9
931.2
9 26.8

797.6
782.0
788.6

3414. 8
3392. 6
3 416. 9

July
Aug.
Sep.

1265.7
1272.5
1282.0

454.2
455.1
454.4

1719. 9
1 727. 6
1736.4

615.6
617.3
621.5

3 13 . 3
3 13 . 8
315.3

928.8
931.1
9 36.8

792.1
807.9
812.5

3440.9
3 466. 6
3485.6

Oct.
Nov.
Dec.

1285.2
1288.8
1288.6

451.7
451.6
449.7

1 73 7. 0
1740.3
1738.4

626.5
631.7
635.3

317.2
319.7
321.0

9 43.8
951.4
956.3

8 14.7
822.0
837.5

3495.4
3513.7
3532.2

2000-Jan.
Feb.
Mar.

1286.5
1294.5
1 31 1. 3

446.7
447.3
453.6

1733.2
1741.8
1765.0

6 40.1
6 46.1
650.7

323.6
324.5
324.9

963.7
9 70.6
975.5

861.5
8 73.4
891.9

3558.4
3 585. 8
3 632. 4

Apr.

1341.0

455.4

1796.4

658.6

3 23 . 4

982.0

902.2

3 680. 6

1294.2

452.9

1747.1

651.0

3 25 . 3

976.3

897.5

3621.0

Week endincr
2000-Mar. 27
Apr.

3
10
17
24

1 30 6. 7
1359.8
1362.3
1335.6

454.7
460.1
459.0
451.5

1761.4
1819.9
1821. 4
1787.1

654.3
6 58 . 0
658.6
659.0

3 23 . 8
3 23.1
323.4
323.8

978.1
981.1
982.0
982.8

903.5
915.0
911.7
900.7

3643.0
3716.0
3715.1
3670.6

May

1
8
15p
22p

1311.1
1334.9
1327.2
1 31 0. 4

449.3
454.6
453.9
4 51.4

1760. 4
1789.5
1781.1
1 761. 8

659.5
660.2
661.6
662.8

3 24.1
3 24 . 6
3 24.1
323.5

983.6
984 .7
985.6
986.3

877.2
869.3
872.0
8 74.0

3621.2
3643.5
3638.8
3622.0

1.

Savings deposits include m oney market deposit accounts.

2.

Small-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 9
H.6 (508)
Table 9

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

Institutional
money funds

Date

3.
4.
5.

Eurodollars4
At commercial
banks2

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total
Non-M2 M3

Total

Debt components5
Federal

Non-Federal

1998-Dec.

527.9

537.8

88.6

6 26 . 4

248.6

46.9

295.4

1 54.5

1604. 3

375 4. 9

1 24 7 1 . 8

1999-Jan.
Feb.
Mar.

534.8
552.4
544.1

533.2
533.9
534.6

89.0
89.4
89.7

6 22 . 2
6 23 . 3
6 24 . 3

252.9
265.7
2 52.9

48.0
51.0
54.7

300.9
316.6
307.6

152.4
155.9
158.4

1610.2
1648.2
1634. 4

3 73 6. 6
372 1. 8
3 7 4 1. 2

1 2 5 60 . 3
126 4 9 . 8
1 27 61 . 4

Apr.
May
June

544.2
545.3
547.6

536.7
541.0
537.1

89.4
89.2
89.1

626.1
6 30 . 2
626.2

243.8
250.9
254.0

56.3
58.1
5 9. 9

300.1
309.0
313.9

161.3
163.9
1 64.7

1631. 7
1648. 4
1 652. 4

3717.1
3 67 4 . 2
3 6 6 2. 8

1 28 8 0 . 0
1 2 9 76 . 6
1 3 0 64 . 4

July
Aug.
Sep.

540.5
555.0
553.2

538.2
5 32 . 4
542.1

88.8
89.3
89.9

627.0
621.8
632.0

248.5
249.2
246.8

62.2
63.6
65.8

310.8
3 12.9
312.6

160.9
156.9
154.3

1639.2
1646.5
1652.2

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

13143.0
13231.9
13351.9

Oct.
Nov.
Dec.

570.9
595.1
618.9

566.8
590.1
608.6

90.2
91.4
91.1

6 56 . 9
6 81 . 5
699.8

245.2
259.6
2 66.5

65.5
6 4. 6
63.5

310.7
324.1
330.0

153.3
163.6
175.2

1691.9
1 764. 3
1823.9

3 63 5. 5
364 1. 7
3663.1

1 3 4 59 . 9
1 35 49 . 5
1 3 6 49 . 5

2000-Jan.
Feb.
Mar.

638.2
640.6
650.5

605.9
611.7
6 20 . 3

93.0
94.4
95.3

698.9
706.1
715.6

265.2
282.7
282.3

64.5
62.5
59.9

329.7
345.1
342.2

1 76.7
172.6
180.6

1843.5
1864.3
1 888. 8

3 6 3 9. 0
360 5. 4
3 63 3 . 6 p

1 37 5 1 . 6
13844.1
13931.1 p

Apr.

640.2

632.9

94.7

727.6

273.3

59.7

333.0

172.5

1873.3

651.9

620.6

95.3

715.9

2 79.9

6 0. 6

340.4

180.8

1889.1

Week endina
2000-Mar. 27

1.
2.

RPs3

Large-denomination time deposits1

Apr.

3
10
17
24

641.1
645.3
646.9
635.6

626.6
635.1
632.2
6 30 . 7

94.8
94.9
95.1
94.7

721.4
7 30 . 0
7 27.2
725.4

265.6
272.1
272.3
272.4

60.7
60.7
58.8
59.8

326.3
3 32 . 7
331.0
332.2

174.9
1 72.7
168.3
172.0

1863.8
1880.8
1873.5
1865.3

May

1
8
15p
22p

631.0
637.6
645.5
650.6

636.7
648.6
645.3
635.8

94.3
94.4
94.6
94.0

731.0
743.0
739.9
729.8

280.7
281.5
2 86.3
2 80.6

59.2
60.7
6 1. 5
60.2

3 39.8
342.3
347.8
340.8

176.6
174.3
174.3
179.1

1878.5
1897.2
1 907. 6
1 900. 3

Large-denom ination tim e deposits are those issued in am ounts of $1 00 ,0 00 or more, excluding those booked at international banking facilities.
Large-denom ination tim e deposits at commercial banks less those held by m oney market mutual funds, depository institutions, U .S. governm ent, and foreign banks and
official institutions.
Overnight and term R Ps 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 C anada,
excluding those held by depository institutions and by money funds.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-m onth levels, and have been adjusted to rem ove discontinuities.

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




i i.u

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

1998-Dec.

8.9

1. 9

1 7. 5

1.7

5. 9

24. 4

3 2. 0

4.5

151.5

9 7. 4

1 17 . 3

366.1

1999-Jan.
Feb.
Mar.

8.8
8.7
8.7

1.8
1. 8
1. 7

1 8. 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
1 51 . 6
151 . 7

9 7. 0
9 6. 8
9 6. 5

1 19 . 2
1 21 . 0
1 22 . 8

367.7
369.3
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
28. 4
2 4. 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 . 3
125 . 4
126 . 5

372.3
373.1
373.8

July
Aug.
Sep.

8.2
8.2
8.2

1.6
1. 4
1. 3

18. 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. 6
38. 2

4.1
4.3
4.5

1 50 . 8
1 50 . 7
1 50 . 6

96.2
96.0
95.8

1 28 . 8
1 32 . 6
136. 4

375.8
379.3
382.7

Oct.
Nov.
De c.

8.5
9.1
9.7

1. 3
1. 4
1.4

24 . 8
27.4
30 . 0

1.4
1.2
1. 5

5. 2
5.1
8. 3

2 8. 6
8.0
3 9. 0

3 5. 2
14. 3
4 8. 7

4.7
5.0
5. 3

150.1
1 49 . 3
14 8 . 5

95 . 6
95 . 3
95. 1

13 9 . 6 e
142.3 e
14 5 . 0 e

385.3 e
386.9 e
388.6 e

2000-Jan.
Feb.
Mar.

10. 0 e
10. 0 e
10. 0 e

1.5 e
1.4 e
1.5 e

30.0 e
27.4 e
24.8 e

2.9
1.2
1.3

8.1
5. 3
5. 3

52. 5
2 4. 3
14.1

63. 5
30. 8
2 0. 8

5.2 e
5.0 e
4.7 e

14 8 . 3 e
14 8 . 5 e
14 8 . 7 e

94.9 e
94.9 e
94.9 e

147.3 e
149.3 e
151.3 e

390.5 e
392.8 e
395.0 e

Apr.

10. 0 e

1.5 e

23.6 e

5.0

8. 4

40.0

53. 3

4.6 e

149.0 e

94.9 e

153.1 e

397.0 e

1.1

5.1

10. 7

16. 9

Week endina
2000-Mar. 27
Apr.

3
10
17
24

1. 4
1. 8
4.0
8.8

4. 7
5. 8
6. 2
7.9

3 2. 9
17. 4
3 2. 3
4 2. 3

39. 0
2 5. 0
4 2. 5
5 9. 0

May

1
8
15p
22p

7.3
1. 5
1. 3
1.1

16. 7
8. 3
9. 2
5. 0

74.2
73.2
6 8. 9
5 3. 2

98. 2
83. 0
7 9. 4
59. 3

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