Full text of H.6 Money Stock Measures : June 15, 2000
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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. -