Full text of H.6 Money Stock Measures : June 21, 2001

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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

Date

June 21, 2001

M11

M22

M33

DEBT4

Seasonally adjusted
1 9 9 9 -J u n e
July
Aug.
Sep.
Oct.
Nov.
Dec.

1099.8
1097.5
1095.8
1093.4
1097.0
1107.4
1124.8

4517.1
4543.8
4561.8
4578.4
4599.7
4625.9
4653.3

6227.9
6258.8
6280.1
6306.1
6360.3
6446.1
6530.6

16798.3
16868.7
16963.6
17069.1
17150.0
17214.9
17315.1

2000-Jan.
Feb.
Ma r .
Apr.
May
June
July
Aug.
Sep.
Oct.
N ov .
Dec.

1123.3
1109.2
1113.7
1117.9
1106.7
1105.3
1103.3
1099.4
1096.0
1096.1
1087.2
1088.2

4675.5
4690.9
4721.5
4759.7
4766.6
4787.8
4807.9
4838.1
4870.1
4891.5
4906.9
4945.2

6572.3
6605.4
6676.5
6728.3
6760.5
6810.8
6859.0
6917.4
6969.5
6991.8
7018.2
7100.4

17388.7
17444.0
17551.6
17649.6
17724.9
17805.3
17868.9
17927.1
18001.3
18051.4
18132.8
18222.1

2001-Jan.
Feb.
Mar .
Apr.
May

1099.6
1100.4
1113.1
1118.0
1117.4

4995.3
5040.6
5101.1
5145.1
5167.0

7193.6
7252.7
7310.2
7417.7
7500.2

18272.4
18347.9
18440.4
18492.4

p

p

Not seasonally adjusted
1 9 99 -June
July
Aug.
Sep.
Oct.
N ov.
Dec.

1097.2
1096.7
1092.7
1086.3
1095.3
1113.3
1148.3

4502.5
4526.5
4548.6
4561.7
4582.5
4620.8
4677.3

6208.2
6219.9
6250.3
6266.9
6329.5
6445.0
6568.1

16735.5
16801.8
16903.6
17012.5
17098.3
17191.7
17310.5

2000-Jan.
Feb.
Mar .
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1126.4
1096.8
1108.1
1124.9
1100.4
1102.6
1103.9
1095.8
1090.5
1093.5
1093.3
1112.4

4686.8
4687.8
4748.8
4817.4
4743.8
4769.2
4787.6
4820.1
4855.3
4869.0
4899.1
4973.8

6599.0
6629.9
6726.0
6786.9
6742.3
6785.3
6813.6
6880.4
6927.6
6949.8
7013.8
7145.5

17383.3
17433.3
17545.6
17621.7
17665.1
17740.4
17798.6
17864.1
17944.3
18003.4
18109.4
18214.7

2001-Jan.
Feb.
Mar.
Apr.
May

1099.8
1087.8
1107.8
1123.2
1111.4

5004.7
5039.4
5135.6
5209.1
5143.0

7223.8
7287.5
7372.4
7480.4
7475.8

18269.7
18343.3
18439.4
18464.5

p

Footnotes appear on the following page
p preliminary
Components may not add to totals due to rounding.



p

Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

3 Months from Feb. 2001 TO May

2001

6.2

10.0

13.7

4.8

6 Months from Nov. 2000 TO May

2001

5.6

10.6

13.7

4.9

2001

1.0

8.4

10.9

4.8

Thirteen weeks ending June 11 , 2001
from thirteen weeks ending:
Mar. 12/ 2001 (13 weeks previous)

6.5

11.1

13.2

Dec. 11/ 2000 (26 weeks previous)

4.8

10.3

12.5

June 12, 2000 (52 weeks previous)

0.5

8.2

1 0 .5

12 Months from May

1

2000 TO May

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, January 2001 to April 2001, October 2000 to April 2001,
and April 2000 to April 2001, respectively._______ ___________________________________________________________________________ ____________________

Footnotes to Table 1:
1.

2.

3

4.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
deposits at all commercial banks other than those due to depository institutions, the U.S. government, and foreign banks and official institutions, less cash items in the
process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service
(ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted M1 is calculated by summing
currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
Consists of M1 plus savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs— in amounts of less
than $100,000), and balances in retail money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and money
market funds. Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail money fund balances, each seasonally
adjusted separately, and adding this result to seasonally adjusted M1.
Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overnight and term) issued by all
depository institutions, and Eurodollars (overnight and term) held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United
Kingdom and Canada. Excludes amounts held by depository institutions, the U.S. government, money funds, and foreign banks and official institutions. Seasonally adjusted
M3 is calculated by summing large time deposits, institutional money fund balances, RP liabilities, and Eurodollars, each seasonally adjusted separately, and adding this
result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board’s flow of funds accounts, are break-adjusted (that is, discontinuities in the
data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the debt
data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published levels of
credit market debt are measured on a quarter-end basis and contain discontinuities.
Note: Current and historical H.6 data are available each week on the Federal Reserve Board's web site (http://www.federalreserve.gov/). Monthly data are available back to
January 1959, and weekly data are available back to January 1975 for most series. For information about individual copies or subscriptions, contact Publications Services
at the Federal Reserve Board (phone 202-452-3245, fax 202-728-5886). For paid electronic access to current and historical data, call STAT-USA at 1-800-782-8872 or
202-482-1986.




%
Page 3

H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M2
Period ending

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

19
26

1101.4
1103.0

1109.8
1110.9

1111.9
1114.1

5023.8
5036.2

5078.1
5094.9

5099.6
5117.8

7221.4
7238.4

7274.5
7295.2

7282.7
7348.7

Apr.

2
9
16
23
30

1105.0
1105.8
1107.7
1109.0
1110.8

1113.0’
1113.4
1115.0
1116.8
1117.6

1124.8
1102.6
1118.6
1121.1
1128.1

5048.9
5061.3
5074.0
5085.1
5095.8

5109.1
5121.0
5135.1
5144.3
5145.7

5132.7
5134.0
5155.9
5154.4
5138.5

7256.6
7273.9
7291.3
7307.4
7326.7

7323.8
7351.2
7386.7
7405.6
7419.4

7392.1
7381.4
7424.4
7424.4
7447.5

May

7
14
21
28

1111.2
1112.5
1114.0
1115.0

1119.1
1115.7
1115.5
1114.2

1108.7
1104.8
1120.5
1122.7

5105.2
5115.1
5125.2
5134.1

5150.1
5150.1
5155.1
5162.0

5151.6
5155.7
5174.6
5166.2

7343.5
7361.2
7380.8
7401.3

7435*6
7448.0
7470.4
7491.6

7446.
7473 i
7514.
7532.

1116.4
1117.2

1120.5
1122.1

1133.9
1111.4

5143.0
5151.1

5172.2
5181.0

5192.3
5190.7

7422.9
7444.9

7519.7
7540.7

7558.
7557.

4p
HP

Not seasonally adjusted
• Mar.

Apr.

May

June

19
26

1101.6
1100.2

1100.0
1102.8

1 104, ,6
1 109, .9

5039.8
5051.3

5105.7
5125.8

5133.1
5125.6

7264.6
7281.0

7339.5
7359.3

7346.4
7380.7

2
9
16
23
30

1099.1
1099.1
1101.8
1104.3
1106.9

1110.8
1114.4
1119.8
1124.3
1122.2

1 138, ,3
1 104, .8
1 1 26 , .2
1 1 28 , ,0
1 1 29 , ,8

5064.4
5079.9
5097.6
5113.2
5126.8

5141.9
5167.7
5199.5
5219.8
5208.5

5179.6
5232.6
5260.0
5206.9
5134.3

7299.8
7320.3
7341.0
7359.1
7378.2

7380.6
7413.3
7460.7
7482.7
7480.8

7438.0
7488.1
7536.0
7468.5
7430.5

7
14
21
28

1107.4
1109.2
1111.3
1112.9

1120.9
1113.4
1109.9
1107.5

1 0 9 9 , .5
1 0 9 6 , .3
1 1 1 3 ,.8
1 1 2 0 , >2

5137.1
5146.1
5154.0
5160.0

5188.3
5159.7
5143.6
5140.8

5151.9
5145.8
5142.5
5122.8

7393.7
7407.6
7422.0
7436.8

7469.0
7450.9
7454.3
7470.0

7441.0
7463.6
7482.0
7493.3

4p
HP

1114.9
1116.1

1115.6
1118.1

1 1 3 2 , ,1
1 1 0 6 , ,3

5166.3
5171.9

5152.2
5166.3

5197.7
5202.2

7452.8
7469.5

7500.1
7527.6

7561.6
7573.5

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
Currency1

Date

Other checkable deposits

Demand deposits3
At commercial banks4

At thrift
institutions5

Total

346.7
341.5
344.9

141.6
137.5
137.4

102.0
104.2
107.3

243.6
241.7
244.7

Apr.
May
Juno

516.7
518.7
520.9

8.1
8.3
8.8

344.0
336.5
333.5

140.4
135.8
134.3

108.7
107.3
107.7

249.1
243.2
242.0

July
Aug.
Sep.

522.4
523.5
524.7

9.3
9.3
8.9

332.0
326.1
323.2

132.0
133.3
132.3

107.6
107.2
106.9

239.6
240.5
239.2

Oct.
No v .
Dec.

526.3
527.6
529.9

8.4
8.0
8.0

321.4
313.5
311.3

134.7
133.2
134.7

105.5
104.9
104.3

240.1
238.1
239.0

2001-Jan.
Feb.
Mar.

534.5
537.7
539.8

8.1
8.0
7.9

315.2
313.4
316.5

136.7
133.2
136.1

105.1
108.2
112.8

241.9
241.4
248.9

p

542.6
546.1

7.8
8.0

313.0
312.3

139.6
136.9

115.1
114.1

254.8
251.1

16
23
30

542.4
543.2
543.3

7.8
7.8
7.7

314.4
311.7
319.5

137.3
143.6
144.8

116.7
114.8
112.7

254.0
258.5
257.5

7
14
21
28

544.3
544.7
545.7
547.8

7.8
7.9
8.0
8.1

308.1
304.7
315.6
313.7

132.9
133.2
137.8
141.4

115.5
114.3
113.4
111.8

248.4
247.5
251.2
253.2

548.9
547.5

8.1

318.5
303.0

138.3
132.6

120.0
120.1

258.3
252.7

2001-Apr.

May

Ju n e

4p
HP

1.
2
3!

•

524.8
517.9
516.0

00

2000-Ja n .
Feb,
Ma r .

8.2
8.1
8.2

Apr.
May

4
5

Travelers checks2

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
estim ated
P
preliminary
Com ponents m ay not add to totals due to rounding.




Page 5

H.6 (508)
Table 5

SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars

Savings deposits1
Date

At commercial
banks

At thrift
institutions

Small-denomination time deposits2
Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

2 000 -Ja n.
Feb.
Ma r .

1287.6
1301.5
1306.5

446.9
449.1
450.8

1734.5
1750.6
1757.3

641.0
646.8
652.3

323.3
324.6
326.1

964.4
971.4
978.4

853.3
859.7
872.0

3552.2
3581.7
3607.7

Apr.
May
June

1320.0
1322.2
1331.4

446.8
452.5
452.1

1766.8
1774.7
1783.5

661.6
666.8
676.0

325.9
327.5
329.6

987.4
994.3
1005.6

887.5
890.9
893.5

3641.7
3659.9
3682.5

July
Aug.
Sop.

1345.3
1362.1
1383.6

452.4
454.8
454.8

1797.7
1816.9
1838.4

681.3
686.5
689.4

333.0
337.0
339.5

1014.3
1023.5
1028.9

892.6
898.3
906.8

3704.6
3738.7
3774.2

Oct.
Nov.
Dec.

1389.3
1402.7
1421.7

456.4
455.0
451.9

1845.7
1857.7
1873.5

691.6
694.6
699.7

342.1
344.8
346.6

1033.7
1039.4
1046.3

916.0
922.6
937.2

3795.4
3819.7
3857.0

2001-Jan.
Fab.
Mar.

1438.0
1467.6
1491.7

452.0
462.0
471.1

1889.9
1929.6
1962.7

702.8
700.0
695.9

349.8
350.6
349.6

1052.6
1050.6
1045.5

953.2
960.1
979.8

3895.8
3940.2
3988.0

P

1517.0
1539.7

475.1
487.9

1992.1
2027.7

690.5
685.2

349.9
351.9

1040.4
1037.1

994.6
984.8

4027.1
4049.6

16
23
30

1527.7
1521.9
1496.6

473.9
475.5
478.9

2001.6
1997.3
1975.5

690.6
689.8
688.9

349.9
349.7
349.8

1040.5
1039.4
1038.8

995.2
996.5
996.2

4037.4
4033.3
4010.5

7
14
21
28

1541.0
1541.1
1540.7
1533.0

480.9
485.7
489.6
491.8

2021.9
2026.8
2030.3
2024.8

687.1
685.6
685.1
684.1

352.4
352.2
351.8
351.5

1039.4
1037.7
1037.0
1035.6

981.5
986.4
986.9
983.0

4042.9
4050.9
4054.2
4043.4

4p
lip

1548.3
1567.1

488.2
493.5

2036.5
2060.6

682.5
680.7

351.3
350.7

1033.8
1031.3

988.2
987.3

4058.5
4079.3

Apr.
May

Weak and in g
2001-Apr•

May

Juna

innliiHa mnnfiu markot Hpnnftit amnnnt.Q

1

£fl\/inn.Q r

2.

Small-denominatiori time deposits-including retail R P s -a re those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks anH
thrifts are subtracted from small time deposits.
wmmerciai DanKs ana

p
preliminary
Com ponents m ay not add to totals due to rounding.




H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF N0N-M2 M3 AND DEBT
Billions of dollars
Institutional
money funds

Dat0

At commercial
banks2

At thrift
institutions

RPs3

Eurodollars4

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

2 000 -Ja n.
Feb.
Ma r .

636.9
638.5
657.5

650.2
652.5
662.3

94.0
94.4
94.5

744.2
746.8
756.8

338.0
350.4
349.0

177.6
178.7
191.7

1896.8
1914.5
1955.0

3645.6
3608.0
3616.4

13743.1
13836.0
13935.1

Apr.
Hay
June

662.1
673.0
683.7

677.7
680.8
690.6

94.1
93.7
95.5

771.8
774.5
786.1

347.6
355.6
362.6

187.1
190.8
190.6

1968.6
1993.9
2023.0

3600.2
3546.1
3521.2

14049.4
14178.9
14284.0

July
Aug.
Sep.

705.6
721.2
738.3

696.1
707.1
704.7

98.0
100.1
101.6

794.1
807.2
806.4

364.2
361.3
362.2

187.2
189.6
192.5

2051.1
2079.3
2099.3

3510.1
3488.8
3474.9

14358.7
14438.3
14526.4

Oct.
Nov.
Dec.

744.7
752.7
768.3

699.3
703.5
726.5

103.3
103.7
103.2

802.5
807.1
829.6

361.1
356.6
360.2

191.9
194.9
197.1

2100.3
2111.3
2155.1

3445.7
3419.3
3400.5

14605.7
14713.6
14821.6

2001-Jan.
Feb.
Mar.

801.1
858.9
888.0

740.3
704.9
677.4

106.0
106.6
106.8

846.4
811.5
784.2

356.0
346.0
339.0

194.8
195.6
198.0

2198.3
2212.0
2209.2

3380.4
3372.1
3375.4

14892.0
14975.9
15065.0

Apr.
May

697.5
702.6

108.6
110.4

806.2
813.0

359.2
360.2

187.8
189.1

2272.6
2333.2

3344.7

P

919.4
970.9

16
23
30

913.2
909.8
950.3

696.6
699.9
697.7

108.8
108.8
108.9

805.5
808.7
806.6

360.1
364.6
365.4

189.7
186.8
186.8

2268.4
2270.0
2309.0

7
14
21
28

950.3
958.6
971.4
992.6

681.9
689.7
710.3
720.9

109.4
110.3
111.0
111.0

791.3
800.1
821.3
831.9

363.9
367.5
355.6
356.7

189.1
191.8
191.2
184.9

2294.6
2318.0
2339.5
2366.1

996.0
997.7

718.4
707.9

110.3
109.6

828.8
817.5

353.4
364.1

188.0
187.9

2366.2
2367.0

We e k e n d i n g
2001-Apr.

May

4p

June

HP
1.
2.

Large-denomination time deposits1

m

i Uw

U w l I U I I III l U l l V I I VII I I V W W f/ V W U W M l w *■

’ — ------ ----------

T

1

»

w

p

15147.7

................. ............. ---------

5.

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.

p

preliminary

3.
4.

ponents m ay not add to totals due to rounding.
Digitized forCom
FRASER


p

Page 7

H.6 (508)
Table 7

NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars

Date

Currency1

Travelers checks2

Other checkable deposits

Demand deposits3
At commercial banks4

At thrift

2 000 -Ja n.
Feb.
Ma r .

522.9
516.5
515.9

8.4
8.3
8.3

348.9
332.3
339.2

143.8
137.3
137.8

102.3
102.5
106.9

246.1
239.8
244.6

Apr.
May
June

517.4
518.7
521.0

8.3
8.4
8.7

345.2
331.0
331.1

143.1
135.6
134.3

110.9
106.7
107.6

254.0
242.3
241.9

July
Aug.
Sap.

523.1
522.5
523.3

8.9
8.9
8.7

333.7
325.9
321.4

130.7
131.9
131.0

107.5
106.6
106.1

238.1
238.5
237.1

Oct.
Nov.
Dec.

524.9
528.2
535.2

8.4
8.2
8.1

321.5
318.8
326.6

133.5
132.6
135.9

105.3
105.6
106.6

238.8
238.2
242.5

20 01 -Jan.
Feb.
Mar.

532.3
536.2
539.8

8.2
8.2
8.0

315.2
304.3
311.4

138.9
132.9
136.4

105.2
106.2
112.2

244.1
239.2
248.6

P

543.0
546.1

7.9
8.0

313.0
307.2

142.4
136.8

116.9
113.3

259.3
250.1

16
23
30

543.7
542.3
542.3

7.9
7.9
7.9

316.1
312.7
318.2

140.3
148.3
147.1

118.1
116.7
114.3

258.4
265.1
261.4

7
14
21
28

546.0
545.6
545.6
547.4

8.0
8.0
8.1
8.1

296.9
297.9
311.1
311.9

132.7
132.3
137.3
141.7

115.9
112.4
111.8
111.1

248.6
244.7
249.1
252.8

4p
HP

547.9
549.3

8.1
8.1

316.9
297.6

138.4
131.8

120.8
119.5

259.2
251.3

Apr.
May

2001-Apr.

May

June

e

1.

Currennv nutsirle U f5 Treasury. Federal

2.
3.

Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are inclurioH in
^
Demand deposits at commercial banks and foreign-related institutions other than those due to depository institutions, the U S. government and fom tan h a n ^ f 2nH
f'
institutions, less cash items in the process of collection and Federal Reserve float.
government ana toreign banks and official
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.

4.
5.

e
estim ated
p
prelim inary
C om ponents m ay 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

Retail
money
funds

Total
Non-M1 M2

2000-J a n.
Feb.
Ma r .

1286.4
1294.7
1312.0

446.5
446.8
452.7

1732.9
1741.5
1764.7

642.3
648.8
653.6

324.0
325.7
326.8

966.3
974.5
980.4

861.2
875.0
895.6

3560.4
3590.9
3640.8

Apr.
May
J u ne

1342.0
1318.6
1332.5

454.2
451.3
452.5

1796.2
1769.8
1785.0

661.9
664.8
672.7

326.0
326.5
328.0

987.8
991.3
1000.7

908.4
882.3
880.9

3692.5
3643.4
3666.6

July
Aug.
Sep.

1345.1
1357.1
1381.2

452.3
453.1
454.1

1797.4
1810.3
1835.3

679.7
685.6
689.4

332.2
336.6
339.6

1011.9
1022.1
1029.0

874.3
891.8
900.6

3683.7
3724.2
3764.9

Oct.
Nov.
Dec.

1379.9
1398.4
1426.4

453.3
453.7
453.4

1833.2
1852.1
1879.7

692.6
696.0
699.9

342.7
345.5
346.8

1035.3
1041.5
1046.7

907.0
912.2
935.0

3775.5
3805.8
3861.4

2001-Jan.
Feb.
Mar.

1435.7
1459.3
1498.5

451.2
459.4
473.2

1886.9
1918.7
1971.8

704.0
702.3
697.7

350.4
351.7
350.5

1054.5
1054.1
1048.1

963.5
978.8
1007.9

3904.9
3951.6
4027.8

P

1542.1
1535.3

482.9
486.5

2025.0
2021.8

691.1
682.9

350.2
350.7

1041.2
1033.6

1019.6
976.0

4085.9
4031.5

16
23
30

1573.6
1537.8
1490.6

488.1
480.5
476.9

2061.8
2018.3
1967.5

691.5
689.9
688.4

350.3
349.7
349.6

1041.8
1039.6
1038.0

1030.3
1021.0
998.9

4133.9
4078.9
4004.5

7
14
21
28

1555.8
1548.7
1531.4
1511.8

485.5
488.1
486.7
485.0

2041.3
2036.7
2018.1
1996.8

686.1
683.9
682.6
680.8

351.9
351.3
350.5
349.8

1038.0
1035.2
1033.1
1030.6

973.2
977.5
977.4
975.2

4052.5
4049.5
4028.7
4002.6

1566.0
1589.4

493.8
500.5

2059.7
2089.9

678.7
676.8

349.4
348.7

1028.2
1025.4

977.7
980.6

4065.6
4095.9

Apr.
May

We e k e n d i n g
2001-Apr.

May

Ju n e

4p
HP

1
2.

At thrift
institutions

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
C om ponents m ay not add to totals due to rounding.




%
Page 9

H.6 (508)
Table 9

NOT SEASONALLY ADJUSTED COMPONENTS OF N0N-M2 M3 AND DEBT
Billions of dollars

Date

Institutional
money funds

Large-denomination time deposits1

Eurodollars4
At commercial
banks2

At thrift
institutions

Total

At commercial
banks

Total
Non-M2 M3

Debt components6
Federal

Non-Federal

1912.2
1942.1
1977.2

3639.0
3605.4
3633.7

13744.3
13827.9
13911.9

187.4
193.1
190.8

1969.5
1998.6
2016.0

3597.2
3514.0
3475.5

14024.5
14151.1
14264.9

363.7
360.7
358.9

184.6
187.5
190.2

2026.0
2060.3
2072.3

3448.3
3437.6
3426.4

14350.3
14426.5
14517.9

63.8
62.5
61.6

356.0
355.8
357.1

190.5
194.1
199.5

2080.8
2114.7
2171.6

3395.3
3401.2
3403.5

14608.1
14708.2
14811.2

294.3
287.1
279.9

61.1
63.4
61.9

355.4
350.5
341.7

196.6
196.7
199.0

2219.1
2248.1
2236.8

3373.2
3368.7
3392.5

14896.6
14974.6
15046.8

811.8
819.7

293.1
302.1

62.8
63.1

355.9
365.1

188.4
190.9

2271.3
2332.8

3341.0

109.6
109.5
109.6

811.0
813.4
811.9

293.9
297.6
300.4

62.9
63.0
63.7

356.8
360.5
364.1

187.4
188.2
190.1

2276.0
2261.6
2296.3

691.0
697.5
714.3
724.1

110.9
111.6
111.6
111.5

801.8
809.1
825.9
835.6

303.6
308.8
297.0
300.0

63.1
63.1
62.6
63.9

366.7
371.9
359.6
363.9

189.3
191.3
193.1
190.0

2289.0
2317.8
2339.6
2370.5

721.5
712.6

110.8
110.3

832.4
822.9

299.5
306.7

62.1
63.7

361.6
370.4

190.4
189.0

2363.9
2371.2

643.7
652.4
667.3

93.1
94.4
95.2

736.7
746.8
762.4

272.1
290.8
290.4

65.9
64.1
61.6

338.0
354.9
352.1

179.7
180.0
192.4

Apr.
May
June

659.9
664.1
669.8

682.3
686.3
693.3

94.8
94 * 5
95.9

777.1
780.8
789.2

284.1
298.4
304.2

61.0
62.2
62.0

345.1
360.6
366.2

July
Aug.
Sep.

685.4
710.1
721.9

694.6
702.5
700.3

97.8
99.4
101.0

792.4
802.0
801.3

300.9
295.6
294.0

62.8
65.1
64.9

Oct.
Nov.
Dec.

735.2
756.5
786.2

696.2
704.6
725.8

102.8
103.8
103.1

799.0
808.4
828.8

292.2
293.3
295.6

2001-Ja n .
Feb.
Mar.

828.0
888.9
905.6

734.0
705.3
682.8

105.1
106.7
107.6

839.1
812.0
790.5

P

915.3
957.1

702.4
708.4

109.4
111.3

16
23
30

920.8
899.4
930.2

701.4
703.9
702.3

May

7
14
21
28

931.2
945.5
961.1
981.0

J u ne

4p
HP

979.6
988.9

nomination time rianosits

5.

Total

657.8
660.5
670.4

We e k e n d i n a
2001-Apr.

3.
4.

At thrift
institutions

20 00 -Ja n.
Feb.
Ma r .

Apr.
May

2.

RPs3

issued in amounts of

p

15123.4

$ m n non nr m n r a avnlnHinni thneA

Large-aenommauon ume aeposus ai commercial Danns less inose neia Dy money market mutual funds, depository institutions, U.S aovernment and foroinn
official institutions.
*
' a,,u ,ure,9n oanKS ana
Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and bv monev 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 Kinnrinm =nH _____.«
excluding those held by depository institutions and by money funds.
,yuom ana ^anaaa,
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
Com ponents m ay not add to totals due to rounding.




p

Page 10

H.6 (508)
Table 10

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Demand deposits
Date

Foreign
commercial
banks

Foreign
official
institutions

Time and
savings
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

IRA and Keogh Accounts

Total
cash
balance

Time and
savings
deposits at
commercial
banks

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

2000-Ja n .
Feb.
Mar.

9.7
9.3
8.8

1.4
1.3
1.2

30.6
29.2
27.9

2.8
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

94.6
93.8
93.0

141.1
141.4
141.7

383.7
383.1
382.6

Apr.
May
Jun e

8.7
9.1
9.4

1.2
1.2
1.3

27.7
28.6
29.5

5.0
1.5
2.3

8.4
7.1
6.2

40.0
57.5
37.0

53.3
66.0
45.6

5.5
5.6
5.7

148.7
150.2
151.7

92.6
92.5
92.5

141.5
140.9
140.3

382.8
383.6
384.4

July
Aug.
Sep.

9.2
8.6
8.0

1.3
1.2
1.2

29.8
29.5
29.2

1.2
1.1
2.5

5.2
5.0
6.7

37.4
9.5
22.0

43.8
15.7
31.1

5.8
6.0
6.2

153.1
154.3
155.6

92.6
92.8
93.1

140.4
141.1
141.9

386.0
388.3
390.5

Oct.
Dec.

8.2
9.0
9.9

1.2
1.4
1.6

29.4
29.9
30.5

1.4
1.2
1.5

5.3
5.1
5.8

13.2
10.6
11.6

20.0
16.9
18.9

6.3
6.3
6.3

156.3
156.6
156.8

93.2
93.3
93.3

142.2
142.1
142.1

391.7
392.0
392.2

2001-Jan.
Feb.
Ma r .

9.5
8.4
7.3

1.5
1.4
1.3

32.1
34.2
36.4

2.6
1.2
1.2

6.7
4.9
5.4

36.5
16.0
6.4

45.7
22.1
13.0

6.8
7.4
8.1

157.7
158.8
160.0

93.7
94.7
95.7

142.1
142.1
142.1

%
•
•

393.5
395.6
397.8

e
e
•

4.7
1.0

5.9
5.1

18.8
25.7

29.4
31.9

8.4
8.4

142.1
142.1

e
•

399.3
400.3

•
•

16
23
30

3.4
9.5
5.4

5.1
6.7
7.0

7.0
12.4
51.7

15.5
28.5
64.1

May

7
14
21
28

1.4
1.0
1.0
0.8

5.5
5.1
5.1
5.2

45.5
36.4
16.3
11.7

52.3
42.5
22.4
17.8

June

4p
lip

1.0
1.4

4.7
4.9

6.1
4.1

11.7
10.4

Nov.

Apr.
May

We e k e n d i n g
2001-Apr.

p

6.7
6.7

e
e

1.2
1.2

e
e

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




37.5
37.5

e
e

e
•

161.0
161.8

e
e

96.3
96.4

•
•