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RESERVE statistical release ;||||§ ip
H.6 (508)
Table 1

**

MONEY STOCK AND DEBT MEASURES

*

For release at 4:30 p.m. Eastern Time
June 15, 2000

Billions of dollars

M1 1

Date

M22

M33

DEBT4

Seasonally adjusted
1998-June
July
Aug.
Sep.
Oct.
Nov.
De c .

1 07 7. 9
107 6 . 9
1073.1
1 0 7 8. 2
1 084. 7
109 3. 7
109 7. 4

420 0 . 2
4 21 8. 9
424 3. 0
4 28 5. 8
4 32 7. 3
4 36 4. 3
4 39 7 . 0

5 68 2 . 5
5 70 3 . 5
5 76 2 . 2
5 82 4. 4
588 7 . 8
5 94 5 . 2
5 99 6. 9

1 5767. 6
1 5855. 8
15 9 4 0 . 1
16019 . 0
1 6105. 3
16200. 7
1 6282. 9

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

1 09 6. 0
1094.3
1 10 1. 4
1107.2
1101.7
1100. 1
1099. 5
109 8 . 7
1096. 1
1 10 1 . 3
1109.5
1 12 2 . 9

442 2. 4
4 44 7 . 7
4463.4
4 49 0 . 3
4512.9
4530.8
4552.5
4569.8
4589. 1
4605.4
4624.4
4651.4

6028.8
6078.0
6087.7
6123.6
6156. 1
6187. 1
6210.7
6228 .4
6254.9
6304.8
6381.8
6472.9

16370. 0
164 61 . 2
1 65 79 . 1
1 6684. 7
16759 . 0
168 37 . 8
16920 . 0
1 7017. 8
1 7122. 3
1 7212. 6
17280. 6
1 73 81 . 1

2000-Jan.
Feb.
Mar.
Apr.
May

1 11 9 . 4
1 10 5 . 7
1112.1
1116.2
110 4 . 9

4674.5
4686.2
4722.7
4763.0
4759.1

6516.5
6533.9
6604 .3
6644 . 1
6664.1

17469. 9
175 36 . 0
17639 . 2
177 20 . 0 p

p

Not seasonally adjusted
1998-June
July
Aug.
Sep.
Oct.
Nov.
De c.

1075 .3
1074. 4
106 9. 5
1 0 7 0. 9
1077 .6
1 0 9 8. 2
1 1 2 1. 3

4 18 7. 3
4 20 8 . 0
4 23 7 . 8
4 27 2. 8
4 31 1 . 6
4 36 7 . 6
4422 .2

5 66 6 . 2
5 67 8 . 8
5 74 7. 4
5 80 1. 8
5 86 9 . 9
5 95 5. 4
6026.5

15723 . 6
15795 . 8
15881. 4
15966. 4
16052. 5
16174. 4
16279 .8

1999-J a n .
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1 10 3. 9
1085 . 2
1097 .4
1113.5
1 09 6 . 3
1098.2
1097.6
1093.5
1087.2
1095.2
1112.9
1147.4

4 43 3 . 0
4443.0
4481.3
4528 .2
4488.9
4515. 1
4538.4
4559.9
4572.8
4590.6
4 62 6 . 7
4679.6

6043 .2
6091.3
6115.6
6159.9
6137.3
6167.5
6177.6
6206.6
6225.2
6284.2
6393.4
6508. 0

1 6351. 7
16427 .4
1 6559. 4
16655.1
16710 . 4
16788. 3
168 57 . 5
169 6 1 . 1
1 70 72 . 1
1 7160. 9
17257 . 5
17380. 2

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

1126. 1
1097.2
1108.9
112 5 . 0
1098 . 8

4685.0
4684.3
4743.6
4808.5
4731. 1

6532.7
6553.3
6637.7
6688.0
6642 .2

17455 . 0
17505 . 2
1 7620. 2
1 7690. 5 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 Feb.

2000 TO May

2000

-0.3

6.2

8.0

5.7

6 Months from Nov.

1999 TO May

2000

-0.8

5.8

8.8

5.9

1999 TO May

2000

0.3

5. 5

8.3

6.2

7.7

12 Months from May

6.6

6,

1999

(26 weeks p r e v i o u s )

1.3

6.2

10.1

June 7,

1999

(52 weeks p r e v i o u s )

0.6

5. 7

8. 4

Dec.

i
to

o

Thirteen weeks ending June 5 , 2000
from thirteen weeks ending:
Mar. 6, 2000 (13 weeks p r e v i o u s )

1.

M1

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 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) dem and
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 (N O W ) 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, dem and deposits, and O CDs, 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 $1 00,000), 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 M 2 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 M 1 .
Consists of M2 plus large-denomination time deposits (in amounts of $ 1 0 0 ,0 0 0 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 C anada. 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-exem pt 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 sm oothed 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 Resen/e releases Z.7 and Z .1 . In those releases, published levels of
credit market debt are m easured on a quarter-end basis and contain discontinuities.
Note: Current and historical H .6 data are available each w eek on the Federal Reserve Board's web site (http://www.federalreserve.gov/). Monthly data are available back to
January 1959, and w eekly 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 20 2-4 52-3 24 5, fax 2 0 2 -7 2 8 -5 8 8 6 ). For paid electronic access to current and historical data, call S T A T -U S A at 1-8 0 0 -7 8 2 -8 8 7 2 or
202-4 82-1 98 6.




•

•

Page 3
H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M3

M2

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

2000-Mar.

13
20
27

1 11 5 . 3
1 11 4 . 7
1 11 3 . 2

1105. 5
1107. 2
110 9. 1

1100. 5
1 11 3 . 1
1 114. 8

4 67 9. 8
4 68 5. 8
469 1. 5

4694.9
4707.3
4719.7

4 71 1 . 3
4735.0
4733.5

6530.8
6540.2
6548.3

6 56 5 . 4
6581.8
6601.9

6612.2
6 60 6 . 4
6 61 4 . 0

Apr.

3
10
17
24

1 11 1 . 9
1111.1
1 11 0. 7
1111.2

1114. 9
1115. 7
1115. 7
1118. 5

1 131. 2
1 103. 6
1 113. 0
1 12 6 . 1

4 69 7. 2
470 3. 5
4710. 7
471 8. 0

4729.9
4740.0
4747.8
4758.9

4 73 9 . 7
4751.6
4766.2
4778.2

6554.9
6565.1
6575.5
6585.8

6 61 2 . 4
6618.1
6628.4
6638.4

661 6 . 9
6 635. 1
6647.6
6654. 1

May

1
8
15
22
29p

1111.2
1110.2
1110.4
1110.6
1110.7

111 3. 9
1111. 6
1109. 3
1105.1
1104.1

1 1 1 2. 9
1 09 4. 2
1 10 4 . 0
1109.1
1 10 9 . 2

4 72 4. 4
4 72 8 . 5
4 73 4 . 4
4 74 0 . 8
4 7 4 6. 4

4764.6
4762.6
4760. 6
4757. 9
4756. 8

4762.3
4743. 8
4757.9
4767.6
4757 .7

6595.1
6604.3
6615. 5
6625.2
6635.1

6646. 2
6649.1
6655. 0
6658.1
6661.8

6647.9
6646.9
6671.0
6666.6
6662. 8

5p

1110.5

1106. 8

1 10 4. 9

4 75 1. 8

4763.1

4769.0

6643.4

6670.7

6682.5

June

Not seasonally adjusted
Mar. 13
20
27

1 12 1 . 3
1 11 8. 4
1 11 3 . 8

1099. 5
1102. 6
110 5. 1

109 6. 2
1107. 6
1111. 2

469 2. 6
4 6 9 7. 8
4 7 0 1. 9

4705. 5
4724.1
4739. 3

4 74 0 . 7
4752.3
4734.8

6554. 1
6563.4
6571.2

6595.3
6616.6
6636.8

6660.6
6638.5
6 6 2 8. 7

Ap r .

3
10
17
24

1 10 9 . 5
1108.1
1108.5
1 10 9 . 9

1114. 4
1119. 2
1124 .2
1128. 5

1142. 4
1115. 5
1127. 5
1128. 4

4 7 0 8. 0
4 7 1 7. 5
472 8. 7
4 73 9. 2

4 75 4 . 0
4 77 7 . 3
4800.6
4817.5

4788.0
4834.2
4845.5
4802. 1

6 579. 1
6592.5
6 606. 1
6618.5

6646.4
6661.5
6683.2
6694.4

6 65 7. 6
6 72 1 . 2
6 72 5 . 2
6 67 3 . 5

May

1
8
15
22
29p

1110.4
1109.9
1110.3
1110.3
1110.4

1121. 6
1115. 6
1107. 8
1 099. 6
1096. 5

1 11 4. 8
1 09 1. 7
1 0 9 6. 2
1 0 9 5. 8
1 10 2 . 2

4 74 6. 2
4 74 9. 4
4 75 3 . 5
4 75 6 . 8
4760.1

4805.3
4 781. 3
4754. 6
4734. 4
4728. 9

4739. 2
4738.5
4738.4
4721.5
4717.2

6627.4
6634. 5
6641. 9
6647. 7
6 65 4 . 5

6686.0
6666. 3
6648. 2
6636. 9
6639.9

6624.0
6642.5
6652.7
6628.5
6636.0

5p

1110.5

1 100. 3

1 10 6. 8

4 76 3. 6

4737. 8

4774.0

6 66 0 . 7

6 65 4 . 2

6699.6

June

Note: Special caution should be taken in interpreting w eek-to-w eek 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
Other checkable deposits
Currency1

At commercial banks4

At thrift
institutions5

Total

147.0
142.8
144.2

103.9
104.6
105.5

250.8
2 47 . 4
2 49 . 7

371. 6
3 65. 9
3 60. 6

146.1
142.3
142.1

105.8
105.2
1 05.1

251.8
2 47 . 5
247.2

360.1
3 56. 5
351 . 3

138.1
137.0
136.5

104.9
105.0
104.3

243.0
242.0
240.8

136.3
137.6
141.3

103.9
103.6
102.7

240.3
241.2
244.0

Apr.
May
June

475.6
480.0
483.5

July
Aug.
Sep.

487.3
491.2
495.3

9.1
8.9

Oct.
Nov.
Dec.

499.3
504 .2
515.5

8.3

353. 3
355. 9
355 . 2

2000-Jan.
Feb.
Mar.

524.4
518.4
517.3

8.2
8 .1
8.2

3 43. 7
338.1
343 . 0

141. 6
137.4
137.1

101.5
103.7
106.5

243.1
241.2
243.7

518.2
519.6

8.2

3 41. 9
334. 4

140.0
135.7

107.9
106.9

248.0
242.6

331. 7
340. 9
3 47. 6

136.5
138.6
143.8

109.1
107.1
107.8

245 .6
245.7
251.6

8.2
8.3
8.4

340.1
324. 7
3 35. 5
338. 4
3 37. 8

139.1
134.4
134.4
135.9
137.3

107.5
108.6
106.7
106.9
104.7

246.6
243.0
241.1
242.8
242.0

8.5

333.1

134.5

108.9

243 .3

to
to

00

8 .1
8 .1
to

520.0

8.2

00

5p

ro

518 .1
518.4
519.2
519.6
521.0

8.4

00

June

1
8
15
22
29p

8.3
8.8

00

May

518.0
51 8 . 3
518.8

CN

463 .0
467.4
471.5

00

374. 0
3 71. 3
371. 9

1999-J a n .
Feb.
Mar.

Week ending
2000-Apr. 10
17
24

4.
5.

Demand deposits3

8.2
8.1
8.2

Ap r .
May p

1.
2.
3*

Travelers checks2

00

Date

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 N O W and A TS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of N O W 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 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

Total
Non-M1 M2

1999-Jan.
Feb.
Mar.

1198.6
1212.6
1 21 7 . 3

4 19 . 2
4 26 . 0
429 .9

1617. 7
1638. 6
1647. 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

3 32 6 . 4
3 35 3 . 4
3362. 1

Apr.
May
June

1230.9
1 24 2 . 4
1252.2

4 31 . 5
4 42 . 0
447 .7

1662. 4
1684. 4
1 699. 9

615.9
616.1
616.4

319.2
317.7
315.0

935.2
933.8
931.4

785.6
793.0
799.4

3383. 1
3411.2
3430.7

July
Aug.
S ep.

1 26 4 . 3
1274.0
1285.7

453 .7
455 .6
455 .7

1 71 8. 1
172 9. 6
1741. 5

617.3
618.9
622.1

314.2
314.5
315.5

931.5
933.4
937.6

803.5
808.1
813.9

3453.0
3471. 1
3493.0

Oct.
Nov.
Dec.

1289.7
1289. 0
1285.7

4 53 . 4
45 1 . 8
4 48 . 7

174 3 . 1
1740. 8
1734. 4

625.6
630.3
634.7

316.7
318.9
320.5

942.3
949.2
955 .2

818.7
825.0
838.9

3504.1
3514.9
3528.5

2000-Jan.
Feb.
Mar.

1288.3
1302.0
1309.1

447.2
449.6
452.3

173 5. 5
1 75 1. 6
1 761. 4

639.0
6 44 . 4
6 50.1

322.9
323.7
324.7

961.9
968.2
974.8

857.7
860.6
874.5

3555.1
3580.4
3610.6

1325. 2
1322. 2

449 .3
453 .4

1 774. 5
1 77 5. 6

659.7
667.0

324.2
326.4

983.9
993 .4

8 88.3
885.2

3646.8
3654.2

1327. . 1
1331..6
1329..1

448 .4
4 48 . 0
4 48 . 7

1775..5
1779.. 6
1777.. 9

65 7 . 9
659.5
660.8

323.3
324.1
325.0

981.3
983.6
985.8

891.2
890.0
888.4

3648.0
3653 .2
3 652. 1

1
8
15
22
2 9p

1324 .. 6
1328..6
1324..0
1322..7
1308,.7

453 .3
451.8
452.1
455 .0
453 .9

1777..9
1780..4
1776. . 1
1777.. 6
1762..5

662.2
663.5
665.7
667.8
669 .8

325.6
326.3
326.3
3 26.1
326.8

987.8
989.8
992.0
993.9
996.7

883.6
879.4
8 85.8
886.9
889.4

3649.4
3649.6
3653.9
3658.5
3648. 5

5p

1330,.9

448 .5

1779,.4

673.3

327.2

1000.6

884.2

3664.1

Ap r .
May p

Week ending
20 0 0-Apr. 10
17
24
May

June

1.
2.

At thrift
institutions

Retail
money
funds

Savings deposits include money market deposit accounts.
Small-denomination time deposits— including retail RPs— are those issued in amounts of less than $1 00 ,0 00 . 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.



H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars
Institutional
money funds

Date

At thrift
institutions

Total

Total
Non-M2 M3

Federal

Non-Federal

541 . 4
537 .8
534 . 5

90.3
90 . 0
89 . 5

631. 7
6 27. 8
624 . 0

300.6
315.1
305.7

150 . 7
154.1
158 . 7

1 6 0 6. 4
1 63 0 . 3
1 62 4 . 2

3742.7
3723.7
3723.9

12627.3
12737.5
12855.2

Apr.
May
June

544.4
5 50 . 1
553 .9

537 .1
537 . 2
535.9

8 9. 4
88.6
8 8. 9

626. 5
625 .8
6 24. 9

300.9
305.0
312.8

161 . 5
1 62 . 3
16 4 . 8

1633.3
1 64 3 . 2
1 65 6. 4

3718.6
3702.8
3703.6

12966.1
13056.2
13134. 1

July
Aug.
Sep.

556.1
563.8
56 6 . 9

537 .6
533.9
540.0

8 8. 8
89.6
89.6

626. 4
623 . 5
629 . 5

3 12 . 7
313.3
313.5

1 63 . 0
1 58 . 0
15 5 . 8

1 65 8 . 2
1658.6
1665.8

3708.0
3711.0
3698. 1

13212.0
13306.8
13424.3

Oct.
Nov.
Dec.

577.7
592.1
607 .4

5 63 . 6
5 88 . 9
6 14 . 4

89.5
91.0
91.5

653.1
679 . 9
70 5 . 9

313.4
321.5
334 .7

155.2
163.9
173.5

1699.4
175 7 . 4
1821.5

3680.2
3656.9
3659.5

13532.4
13623.7
13721.6

2000-J a n .
Feb.
Mar.

623 . 5
617.5
640.7

6 18 . 7
6 20 . 5
62 5 . 3

94 . 3
95.0
95.1

713.0
7 15 . 4
7 20 . 4

329.4
343.2
339.5

176.0
17 1 . 6
180.9

1841.9
1847.7
1881.6

3646.2
3609.4
3618.8

13823.7
13926.6
14 0 2 0 . 4

640.0
649.2

639.5
64 4 . 2

94.6
93 . 4

734.0
737 .6

334.5
341.2

172.6
17 7 . 0

1881.1
1905.0

3602.3 p

14117.7 p

639..2
643. . 2
637, , 7

642..5
639.,4
637. . 1

94.9
95.0
94.5

737.4
734.4
731.5

333.7
33 3 . 4
335.1

173 . 1
170 .3
171 .6

1883.5
1881.3
1875.9

1
8
15
22
29p

637..5
644..4
652..5
654..2
648.,5

640..3
650..5
648.,4
638.,5
640.,3

93.6
93.5
93.9
93.2
92.9

734.0
744.0
742.3
731.7
733.2

339.5
339.6
344.3
336.9
342.5

174
175
173
176
180

.8
.0
.9
.3
.9

1885.6
1 903. 1
1 913. 1
1899.0
1905.1

5p

645..7

642. , 1

93.5

735 .6

347.2

185 . 1

1913.5

May

June

5.

At commercial
banks2

Eurodollars4

5 23 . 3
5 33 . 2
5 35 . 9

p

Week endina
200 0 -Apr. 10
17
24

3.
4.

Debt components5
RPS3

1999-Jan.
Fob.
Mar.

Apr.
May

1.
2.

Large-denomination time deposits1

Large-denomination time deposits are those issued in amounts of $1 0 0 ,0 0 0 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 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 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.

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
Other checkable deposits
Currency1

Date

Travelers checks2

Demand deposits3
At commercial banks4

462.4
466.4
4 71.2

8.3
8.3
8.3

3 79 . 2
364 .3
3 67 . 2

1 49 . 3
1 42 . 7
144.8

Apr.
May
June

4 75.7
479.7
483.0

8.3
8.3
8.6

372.1
361 . 5
3 59 . 3

149.0
141.9
142.2

108.4
104.9
105.2

257.4
246.8
247.4

July
Aug.
Sep.

487 .7
490.2
493.3

r00

3 59 . 9
355.2
347.2

1 36 . 8
135.6
13 5 . 2

10 4 . 4
103.9
103.0

241.2
239.5
238.2

Oct.
Nov.
De c .

4 98.3
505 . 1
521.2

00 00

8.4

350 . 7
359.2
3 71 . 2

134 .9
13 6 . 9
1 42 . 3

102.8
103.4
104.3

237.8
2 40 . 3
246.7

2000-Jan.
Feb.
Mar.

523 .1
517.5
517 .4

8.4
8.3
8.3

348 . 4
3 31 . 7
338.5

143.8
137.2
137.7

102.4
102.6
107.0

246.2
239.8
244.6

518.6
519.2

8.3
8.4

344 . 4
3 29 . 2

142.8
135.5

110.8
106.4

253.6
241.9

520.1
518.7
518.1

8.3
8.3
8.3

336 .4
346.9
344.8

138.7
142.2
147.3

112.1
111.3
109.9

_____
250.7
253.5
257.2

8
15
22
29p

5 17 . 0
5 19 . 9
519.0
518.6
520.0

8.3
8.3
8.4
8.4
8.4

339.2
319.9
3 29 . 7
328.8
3 32 . 5

141.0
134.2
133.3
135.2
137.3

1 09 . 2
109.4
105.7
104.9
103.9

250.3
243.6
239.1
240.0
241.3

5p

520.7

8.5

332 . 7

134.6

110.3

244.9

June

4.
5.

1

ro

P

8.6

in
00

May

3.

254.0
2 46 . 1
250.6

1999-Jan.
Feb.
Mar.

Week endincr
2000-Apr. 10
17
24

1.

Total

104.7
103.4
105.9

Apr.
May

2.

At thrift
institutions5

uurrency outside u.o . i reasury, reueiai n w c iv c d c iiiw anu me vauuo ui uopuouwiy uwmuuu.w.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
Dem and 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 N O W and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of N O W and A TS 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 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

Total
Non-M1 M2

1999-Jan.
Feb.
Mar.

1 1 9 6. 8
1 2 0 5. 9
122 0. 4

418.5
423.7
43 1 . 0

1615. 3
162 9. 5
1 651. 4

624.1
620 . 8
618 . 5

3 25 . 1
323. 7
321. 3

949.2
944.5
939 . 7

764.6
783.9
792.8

3 32 9 . 0
3 35 7 . 9
3383.9

Apr.
May
June

1 24 4. 9
1 23 8. 8
1 25 3. 4

43 6 . 4
44 0 . 7
448.1

168 1. 2
1 679. 5
1 701. 6

616. 4
614. 3
613. 3

319. 5
316. 8
313. 4

935.9
931.1
926.7

797.6
782.0
788.6

3 41 4 . 8
3 39 2 . 5
3 41 6 . 9

July
Aug.
Sep.

126 5. 7
1272.5
1282.0

454 .2
455.1
454 .4

1 719. 9
1 72 7 . 6
1 73 6. 4

615 . 5
617 . 3
6 21 . 5

313. 2
313. 7
3 15. 2

9 28 . 7
931.0
936.7

792.1
807.9
812.5

3 44 0. 8
3466.4
3485.6

Oct.
Nov.
Dec.

1285. 1
1288.6
1288.5

451.8
451.6
449.7

1 73 6. 9
1 74 0. 3
1 73 8 . 2

626 . 7
631 . 9
635 .5

317 . 2
3 19. 6
3 21. 0

943.9
951.5
95 6 . 4

814.7
822.0
837.5

3495.4
3513.8
3532.2

2000-Jan.
Feb.
Mar.

1 28 6 . 5
1294.6
1311.8

446.6
447.1
453.2

1733.1
1 7 4 1. 7
1 76 5. 0

6 40 . 6
6 47 . 0
652.1

323. 7
325 . 0
3 25. 7

964 .3
972.0
977.8

861.5
873.4
891.9

3558.9
3587.0
3634.7

1 34 1 . 5
1 31 7 . 4

454 . 9
451.7

1 7 9 6. 4
1769.1

660 . 4
664 . 6

3 24. 5
3 25. 3

984.9
989.9

902.2
873.2

3683.5
3632.3

1360..3
1362.. 8
1336..1

459 . 6
458 . 5
451. 0

181 9 . 9
1 82 1. 4
1787.1

659. 7
660 . 4
660 . 8

324. 2
324. 5
325. 0

983.,9
984.►9
985..8

915.0
911.7
900.7

3718.7
3718.0
367 3 . 7

1
8
15
22
29p

1311..6
1335..4
1327.,7
1310.,8
1296..3

448. 8
454 . 1
453 . 4
450 . 9
449. 6

1 7 6 0. 4
178 9 . 6
1781.1
1 7 6 1. 7
1 74 5. 9

661 . 5
662 . 3
663 . 8
665.2
666 .6

3 25. 3
3 25. 7
325. 3
324 . 8
325. 2

986..8
988. . 0
989..1
989..9
991..8

877.2
869.3
872.0
874.0
877.2

3624.4
3646.8
3642.2
362 5 . 7
3614.9

5p

1346..0

453 . 6

179 9. 7

669 . 5

325. 4

994..9

872.7

3667.2

Apr.
May p

Week endina
2000-Apr. 10
17
24
May

June

1.
2.

At thrift
institutions

Retail
money
funds

Savings deposits include money m arket 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)
Table 9

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

Date

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

8 9. 0
8 9. 4
8 9. 6

622. 2
623. 3
624. 2

2 52 . 9
2 65 . 7
2 52 . 9

48.0
51.0
5 4. 7

30 0 . 9
316.6
307.6

152 . 4
155.9
158 . 4

1610.2
1648.2
1634.3

3736. 6
3721. 8
3741. 2

1 26 1 5 . 1
12705. 5
1 2818. 2

Apr.
May
June

544 .2
545.3
547 .6

536.7
541.0
537 .1

8 9. 3
8 9. 3
89.1

6 26 . 1
630. 2
626. 2

243.8
2 50 . 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

371 7. 1
3674. 2
3 662. 8

1 2938 . 0
1 30 3 6 . 1
13125. 4

July
Aug.
Sep.

540.5
555 .0
553 .2

538 .2
532 .5
542.2

8 8. 9
8 9. 4
8 9. 9

6 27 . 1
621. 9
632. 2

248.5
249.2
246.8

62.2
63.6
65.8

31 0 . 8
312.9
312.6

1 60 . 9
15 6 . 9
154.4

1639.3
1646. 6
1652. 4

3652. 2
3665. 8
365 5. 8

13205. 3
1 3295. 3
1 3416. 3

Oct.
Nov.
Dec .

570.9
595 . 1
618.9

567 .9
591.9
612.6

9 0. 2
9 1. 5
9 1. 2

65 8 . 1
683. 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

3635. 5
3641. 7
3 6 6 3. 1

1 3525. 3
1 3615. 8
1 37 17 . 1

2000-J a n .
Feb.
Mar.

638.2
640.6
650 .5

609 .8
616.0
625 .5

9 2. 9
94 . 3
95.1

702 . 7
710.3
720.6

265.2
282.7
282.3

64.5
62.5
59.9

329.7
345.1
342.2

177.2
173.0
180.8

1847. 7
1869. 0
1894.1

3639. 0
3605. 4
3633. 6

13816. 0
13899. 7
1 3986. 5

640.2
644 .5

639 .2
648.8

9 4. 5
94.1

7 33 . 8
7 42 . 8

273.3
2 84 . 4

59.8
60.9

333.1
345.3

17 2 . 5
17 8 . 5

1879. 5
1911.1

3597. 2 p

1 4093. 4 p

645..3
646..9
635..6

641..4
638 ..5
637. . 0

94 .7
94 .9
94 .5

736.1
7 33 . 4
731.5

272.1
272.3
272.4

60.7
58.9
59.9

332.8
331.1
332.3

1 72 . 7
168.3
172.0

1 887. 0
1879. 7
1871.5

1
8
15
22
2 9p

631..0
637..6
645..5
650..6
645..6

643..2
655..5
652..2
642,.7
645.. 8

94
94
94
93
93

.2
.4
.8
.7

737 .3
749.8
7 46 . 6
7 36 . 5
7 39 . 5

280.7
2 81 . 5
2 86 . 3
280.5
287.8

59.3
6 0. 8
61.6
60.3
61.1

339.9
342.4
347.9
340.8
348.9

176.6
174.3
174.3
179.1
184.8

1884.8
1904.0
1914.3
1907.0
1918. 8

5p

646,.6

647,.4

94 . 3

741 . 7

291.8

60.3

352.2

185.2

1925. 7

May

June

5.

Eurodollars4

534 .8
5 52 . 4
544 .1

Week endina
200 0-Apr. 10
17
24

3.
4.

RPs3

1999-Jan.
Feb.
Mar.

Apr.
May p

1.
2.

Large-denomination time deposits1

.1

Large-denomination time deposits are those issued in amounts of $1 00,000 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 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
Components may not add to totals due to rounding.



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-Jan.
Feb.
Mar.

8. 8
8. 7
8. 7

1. 8
1. 8
1. 7

18. 2
18. 6
19. 1

2.9
1.4
1. 5

6. 6
4.8
5. 5

30. 8
6. 9
12. 1

40. 2
13. 0
19. 1

4.6
4.3
4.0

151. 5
151. 6
151. 7

97. 0
96. 8
96. 5

119. 2
121. 0
122. 8

367. 7
369. 3
371. 0

Apr.
May
June

8. 6
8. 5
8. 3

1. 6
1.6
1.6

1 9. 1
18. 6
18. 1

4.6
1.4
2.6

6.4
5.4
5. 9

16. 5
28. 4
24. 0

27. 5
35. 3
32. 5

3. 9
4.0
4.0

151. 6
151. 3
151 . 1

96. 4
96. 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
29. 3

33. 7
15. 5
38. 2

4.1
4.3
4.5

150. 8
150. 7
150. 6

9 6. 2
9 6. 0
9 5. 8

128. 8
132. 6
136.4

375 . 8
3 79. 3
3 82. 7

Oct.
Nov.
Dec.

8. 5
9.1
9. 7

1. 3
1.4
1.4

24. 8
27. 4
3 0. 1

1.4
1.2
1.4

5.2
5.1
8.3

28. 6
8. 0
39. 0

35. 2
14. 3
48. 7

4.7
5. 0
5. 3

1 50 . 1
149. 3
148. 5

9 5. 6
9 5. 3
95.1

139. 6 e
142. 3 e
145. 0 e

3 85 . 3 e
3 86 . 9 e
388 . 5 e

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
147. 9

94. 7
94.1
9 3. 5

147. 3 e
149. 3 e
151. 3 e

3 90 . 0 e
391 . 4 e
392 . 7 e

8.6 e
8.6 e

1. 2 e
1. 2 e

2 7. 2 e
2 7. 2 e

5. 0
1.4

8. 4
7.1

40. 0
57. 5

53. 3
65. 9

5. 5 e
5. 5 e

147. 8 e
147. 5 e

9 3. 2 e
9 3. 0 e

153 . 1 e
154. 8 e

394.1 e
395 . 4 e

1.8
4.0
8.8

5.8
6. 2
7.9

17. 4
32. 3
42. 3

25. 0
42. 5
59. 0

1
8
15
22
29p

7. 3
1.5
1.3
1.1
1.1

16. 7
8.3
9. 2
5.0
5. 0

7 4. 2
7 3. 2
68. 9
53. 2
41. 7

98. 2
83. 0
79. 4
59. 3
47. 8

5p

1.2

4. 6

11. 8

17.7

Apr.
May p

Week endina
2000-Apr. 10
17
24
May

June

1.
Source: Daily Treasury statement,
e
estimated
p
preliminary
Components may not add to totals due to rounding.




-