Full text of H.6 Money Stock Measures : March 31, 2005
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FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK MEASURES For release at 4:30 p.m. Eastern Time Billions of dollars March 31, 2005 Date M1 1 M2 2 M3 3 Seasonally adjusted 2003-Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1238.3 1245.0 1265.7 1275.9 1279.8 1289.2 1289.5 1290.4 1291.9 1299.2 5889.4 5924.7 5978.8 6020.0 6064.3 6110.3 6092.1 6084.3 6079.7 6083.4 8644.8 8675.1 8732.2 8785.9 8878.1 8909.5 8905.4 8901.3 8883.7 8885.7 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1297.0 1315.0 1327.5 1327.9 1331.8 1338.7 1331.4 1349.2 1353.8 1353.8 1368.8 1367.4 6096.4 6135.8 6174.4 6212.4 6271.0 6283.2 6285.1 6306.1 6341.0 6367.6 6404.5 6428.4 8944.4 9009.8 9087.4 9154.5 9244.3 9284.9 9289.3 9322.0 9370.5 9377.2 9403.2 9446.2 2005-Jan. Feb. 1358.5 1366.9 6442.2 6456.4 9485.3 9502.6 Not seasonally adjusted 2003-Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1240.5 1255.8 1260.2 1278.1 1281.0 1285.7 1280.8 1282.7 1287.6 1325.9 5906.3 5963.4 5960.2 6016.7 6059.7 6117.9 6089.2 6069.8 6093.8 6109.8 8690.8 8709.8 8724.4 8789.3 8847.3 8899.6 8868.7 8849.6 8894.3 8929.7 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1296.1 1300.1 1330.9 1338.8 1326.9 1342.2 1332.7 1346.7 1344.5 1345.0 1363.9 1394.9 6068.3 6098.2 6177.2 6249.3 6261.1 6286.7 6292.1 6312.2 6344.4 6361.5 6410.5 6451.8 8934.9 8999.8 9116.4 9191.0 9250.3 9297.8 9275.0 9315.3 9347.3 9337.4 9398.1 9476.8 2005-Jan. Feb. 1357.0 1350.9 6406.9 6407.4 9462.8 9477.6 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 MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 3 Months from Nov. 2004 TO Feb. 2005 -0.6 3.2 4.2 6 Months from Aug. 2004 TO Feb. 2005 2.6 4.8 3.9 12 Months from Feb. 2004 TO Feb. 2005 3.9 5.2 5.5 1.1 3.7 3.9 Sep. 20, 2004 (26 weeks previous) 3.4 4.7 3.8 Mar. 22, 2004 (52 weeks previous) 4.3 5.3 5.6 Thirteen weeks ending March 21 , 2005 from thirteen weeks ending: Dec. 20, 2004 (13 weeks previous) Footnotes to Table 1: 1. M1 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 commercial banks (excluding those amounts held by 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 constructed by summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately. 2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1. 3. M3 consists of M2 plus (1) balances in institutional money market mutual funds; (2) large-denomination time deposits (time deposits in amounts of $100,000 or more); (3) repurchase agreement (RP) liabilities of depository institutions, in denominations of $100,000 or more, on U.S. government and federal agency securities; and (4) Eurodollars held by U.S. addressees at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada. Large-denomination time deposits, RPs, and Eurodollars exclude those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. Seasonally adjusted M3 is constructed by summing institutional money funds, large-denomination time deposits, RPs, and Eurodollars, each seasonally adjusted separately, and adding this result to seasonally adjusted M2. 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 M1 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 2004-Dec. 27 1362.6 1365.6 1382.7 6398.0 6430.2 6446.5 9405.5 9443.0 9471.1 2005-Jan. 3 10 17 24 31 1363.7 1362.0 1361.6 1362.7 1365.9 1371.0 1363.3 1357.2 1355.6 1359.6 1376.7 1327.4 1341.8 1376.5 1392.5 6402.7 6407.5 6414.1 6420.7 6426.8 6429.9 6427.3 6430.1 6434.5 6449.2 6412.8 6412.9 6448.2 6464.0 6471.6 9412.0 9418.8 9428.2 9437.4 9447.0 9450.5 9455.5 9468.8 9477.3 9491.2 9464.9 9450.4 9488.6 9505.2 9520.4 Feb. 7 14 21 28 1366.5 1365.5 1365.0 1364.9 1368.2 1370.6 1370.1 1366.5 1361.8 1351.4 1374.8 1378.1 6433.2 6436.2 6439.3 6442.6 6463.2 6460.8 6459.1 6455.9 6468.8 6438.6 6457.4 6458.9 9455.1 9461.4 9469.6 9477.7 9502.6 9498.2 9500.5 9502.2 9496.1 9471.2 9514.4 9527.2 Mar. 7 14p 21p 1364.6 1364.2 1365.2 1363.9 1364.2 1365.6 1351.1 1352.9 1380.1 6445.5 6447.4 6450.5 6451.6 6453.8 6458.8 6451.4 6447.4 6477.6 9483.0 9487.7 9493.4 9503.9 9509.1 9507.9 9502.8 9491.9 9509.8 Not seasonally adjusted 2004-Dec. 27 1364.7 1383.8 1461.1 6403.6 6453.1 6456.8 9398.0 9477.4 9497.6 2005-Jan. 3 10 17 24 31 1371.2 1372.0 1372.1 1371.4 1372.5 1409.5 1406.0 1390.0 1364.6 1350.6 1447.3 1320.8 1330.9 1359.3 1391.5 6410.5 6416.5 6421.1 6424.5 6423.3 6453.5 6452.2 6446.3 6425.7 6401.0 6445.6 6443.5 6439.4 6374.2 6346.8 9408.7 9419.5 9431.1 9441.1 9447.1 9480.6 9480.4 9488.2 9473.9 9459.3 9474.2 9481.6 9499.2 9440.4 9416.0 Feb. 7 14 21 28 1372.1 1371.5 1371.2 1368.4 1350.0 1348.5 1350.5 1350.9 1318.2 1325.0 1367.1 1393.3 6423.4 6421.5 6421.9 6422.4 6392.7 6383.8 6391.8 6407.4 6410.3 6404.0 6406.2 6409.2 9451.8 9456.5 9464.4 9471.6 9452.9 9444.6 9456.5 9477.6 9456.0 9466.0 9488.0 9500.5 Mar. 7 14p 21p 1367.4 1367.8 1366.8 1354.6 1358.0 1361.7 1332.8 1338.7 1382.1 6424.0 6425.9 6426.5 6421.0 6438.3 6454.6 6464.7 6472.9 6471.4 9477.0 9482.0 9486.9 9496.5 9516.9 9527.5 9531.4 9547.5 9530.7 Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision. p preliminary data. Components may not add to totals due to rounding. Page 4 H.6 (508) Table 4 SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Other checkable deposits Currency1 Date Travelers checks2 Demand deposits3 2003-Oct. Nov. Dec. 656.9 659.5 662.4 7.7 7.7 7.7 318.8 317.3 317.6 169.8 170.1 175.8 At thrift institutions 5 137.3 137.4 135.7 2004-Jan. Feb. Mar. 664.6 666.5 668.4 7.8 7.8 7.8 309.6 322.3 329.8 177.2 180.8 183.8 137.8 137.6 137.8 315.0 318.4 321.6 Apr. May June 670.8 674.1 678.4 7.8 7.7 7.7 327.5 327.0 327.4 182.9 183.1 186.4 138.9 139.8 138.8 321.8 322.9 325.3 July Aug. Sep. 684.6 686.6 689.9 7.6 7.6 7.6 313.6 327.5 330.7 185.0 188.2 186.9 140.5 139.4 138.7 325.5 327.5 325.6 Oct. Nov. Dec. 692.5 697.2 697.2 7.6 7.6 7.6 326.3 332.7 333.4 187.1 189.5 187.6 140.3 141.8 141.6 327.4 331.3 329.1 2005-Jan. Feb. 700.0 702.0 7.5 7.5 325.7 335.6 183.8 181.8 141.5 140.1 325.3 321.8 701.1 703.5 7.5 7.5 341.1 351.2 185.2 189.1 141.6 141.2 326.8 330.3 At commercial banks4 Week ending 2005-Jan. 24 31 1. 2. 3. 4. 5. Total 307.1 307.5 311.5 Feb. 7 14 21 28 702.5 700.6 702.4 702.4 7.5 7.5 7.4 7.4 330.7 322.8 344.0 343.7 179.8 180.9 181.2 185.0 141.4 139.7 139.8 139.5 321.1 320.6 321.0 324.5 Mar. 7 14p 21p 701.6 703.4 704.7 7.4 e 7.4 e 7.5 e 325.0 322.8 344.1 180.6 182.3 183.3 136.4 136.9 140.4 317.0 319.2 323.8 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 domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions. 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 3. Total At commercial banks At thrift institutions Total Retail money funds3 Total Non-M1 M2 2003-Oct. Nov. Dec. 2305.4 2324.8 2340.5 840.7 834.7 834.0 3146.0 3159.4 3174.5 541.9 538.1 536.2 277.0 274.7 272.7 818.9 812.8 808.9 828.9 815.6 800.7 4793.8 4787.8 4784.2 2004-Jan. Feb. Mar. 2376.3 2401.9 2426.4 830.6 838.7 854.8 3206.9 3240.6 3281.2 534.3 532.7 530.7 271.5 270.9 270.9 805.9 803.7 801.6 786.7 776.5 764.1 4799.4 4820.8 4846.9 Apr. May June 2468.0 2511.4 2516.3 859.6 871.0 878.3 3327.5 3382.5 3394.7 528.9 527.8 528.4 270.2 267.7 267.1 799.1 795.5 795.5 757.9 761.3 754.3 4884.5 4939.2 4944.5 July Aug. Sep. 2532.3 2535.5 2560.1 882.2 885.5 893.5 3414.4 3421.1 3453.6 529.1 532.3 535.7 267.3 267.9 267.9 796.4 800.2 803.6 743.0 735.6 730.0 4953.8 4956.9 4987.3 Oct. Nov. Dec. 2593.0 2617.2 2637.9 890.5 889.9 892.3 3483.5 3507.1 3530.2 538.2 541.7 544.6 269.1 269.2 270.7 807.3 810.8 815.3 723.0 717.7 715.6 5013.8 5035.7 5061.0 2005-Jan. Feb. 2650.0 2657.0 895.5 889.9 3545.5 3546.9 549.6 556.0 275.1 279.7 824.7 835.7 713.4 706.8 5083.7 5089.5 2651.7 2635.9 895.7 901.8 3547.4 3537.7 551.1 551.6 276.4 277.7 827.5 829.4 712.6 712.0 5087.5 5079.0 Week ending 2005-Jan. 24 31 1. 2. At thrift institutions Feb. 7 14 21 28 2672.5 2655.1 2647.1 2653.3 892.7 891.7 892.9 882.1 3565.2 3546.8 3540.0 3535.4 553.0 554.0 556.2 561.0 279.1 279.9 281.0 278.8 832.1 833.9 837.2 839.9 709.7 706.5 705.4 705.6 5107.0 5087.2 5082.6 5080.8 Mar. 7 14p 21p 2678.8 2668.3 2660.4 877.3 879.6 884.3 3556.1 3547.9 3544.8 562.7 564.3 566.9 280.5 281.7 283.1 843.2 846.0 850.1 701.0 700.6 702.7 5100.2 5094.5 5097.5 Savings deposits include money market deposit accounts. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. 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 Billions of dollars Large-denomination time deposits1 Date 3. 4. At commercial banks2 At thrift institutions Total RPs3 Eurodollars4 Total Non-M2 M3 2003-Oct. Nov. Dec. 1156.8 1136.1 1118.5 736.8 746.6 761.8 122.9 121.7 119.7 859.7 868.3 881.5 512.4 510.2 508.9 288.3 289.5 293.3 2817.1 2804.0 2802.3 2004-Jan. Feb. Mar. 1115.7 1106.4 1114.3 794.8 802.0 820.4 120.9 122.4 124.8 915.6 924.4 945.2 514.8 534.5 538.5 301.9 308.7 314.9 2848.0 2874.0 2913.0 Apr. May June 1122.2 1124.9 1123.8 838.3 850.5 863.8 128.1 132.1 132.7 966.5 982.6 996.5 529.4 540.9 553.7 324.0 324.9 327.6 2942.2 2973.3 3001.7 July Aug. Sep. 1109.6 1106.1 1101.7 880.0 883.4 885.7 137.2 143.3 147.8 1017.2 1026.6 1033.5 541.8 539.8 540.4 335.6 343.4 353.7 3004.2 3015.9 3029.4 Oct. Nov. Dec. 1078.0 1069.0 1068.9 890.9 892.0 906.0 151.1 154.8 159.5 1042.0 1046.8 1065.5 523.4 516.4 510.3 366.2 366.5 373.1 3009.6 2998.7 3017.8 2005-Jan. Feb. 1057.2 1039.5 958.0 968.6 166.4 172.7 1124.3 1141.4 481.9 498.1 379.7 367.3 3043.2 3046.2 1047.9 1052.1 962.3 961.4 168.1 169.9 1130.4 1131.3 476.3 478.4 386.5 387.0 3041.1 3048.8 Week ending 2005-Jan. 24 31 1. 2. Institutional money funds Feb. 7 14 21 28 1041.9 1035.2 1041.4 1039.5 963.4 968.1 965.2 977.8 169.8 172.0 174.1 175.1 1133.2 1140.1 1139.3 1152.9 480.0 491.3 511.3 509.8 372.1 366.1 364.9 366.1 3027.3 3032.6 3057.0 3068.3 Mar. 7 14p 21p 1038.0 1032.8 1026.4 977.2 980.9 972.8 176.5 177.3 178.1 1153.7 1158.2 1151.0 493.7 488.0 489.6 366.1 365.5 365.2 3051.5 3044.5 3032.2 Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. Large-denomination time deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. RP liabilities of depository institutions, in denominations of $100,000 or more, on U.S. government and federal agency securities, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. Eurodollars held by U.S. addressees at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. 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 4. 5. Total 2003-Oct. Nov. Dec. 655.7 660.2 667.0 7.6 7.6 7.6 316.7 317.2 335.2 167.1 166.6 179.9 2004-Jan. Feb. Mar. 662.7 665.9 667.6 7.7 7.8 7.8 309.4 313.1 330.0 183.4 180.0 186.9 132.9 133.3 138.6 316.3 313.3 325.6 Apr. May June 670.3 674.0 678.3 7.7 7.7 7.8 330.2 323.1 327.8 187.7 180.9 186.6 142.8 141.2 141.7 330.6 322.1 328.3 July Aug. Sep. 686.0 686.3 688.2 7.8 7.7 7.6 314.2 325.7 327.3 182.8 185.5 183.1 141.8 141.5 138.3 324.7 326.9 321.4 Oct. Nov. Dec. 692.1 697.7 702.7 7.5 7.5 7.5 323.0 332.3 351.2 183.7 185.5 191.7 138.7 140.9 141.8 322.4 326.4 333.6 2005-Jan. Feb. 697.6 701.0 7.5 7.5 325.4 325.9 190.0 181.1 136.5 135.4 326.4 316.5 695.9 696.4 7.5 7.5 330.5 353.0 191.8 197.0 133.7 137.6 325.5 334.6 Week ending 2005-Jan. 24 31 1. 2. 3. At thrift institutions 5 135.6 136.0 136.2 302.6 302.6 316.1 Feb. 7 14 21 28 701.2 700.5 702.1 700.4 7.5 7.5 7.5 7.4 296.1 308.4 341.6 357.7 178.7 176.3 180.8 188.5 134.8 132.4 135.1 139.2 313.5 308.6 316.0 327.7 Mar. 7 14p 21p 703.1 702.8 703.3 7.4 e 7.4 e 7.4 e 303.8 312.0 345.4 180.4 180.7 186.8 138.2 135.8 139.2 318.6 316.5 326.0 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 domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions. e estimated p preliminary Components may not add to totals due to rounding. Page 8 H.6 (508) Table 8 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars Small-denomination time deposits2 Savings deposits1 Date 2003-Oct. Nov. Dec. At commercial banks 2303.3 2338.7 2337.4 2004-Jan. Feb. Mar. 3. Total At commercial banks At thrift institutions Total Total Non-M1 M2 839.9 839.7 832.8 3143.2 3178.4 3170.2 542.1 538.8 536.7 277.1 275.1 273.0 819.2 813.9 809.7 824.7 814.0 804.0 4787.1 4806.3 4783.9 2352.4 2380.2 2418.7 822.3 831.1 852.1 3174.7 3211.4 3270.8 535.0 533.4 531.1 271.9 271.2 271.1 806.9 804.6 802.2 790.7 782.2 773.2 4772.3 4798.1 4846.3 Apr. May June 2484.4 2513.7 2522.1 865.3 871.8 880.3 3349.7 3385.5 3402.4 529.0 527.4 527.4 270.3 267.5 266.6 799.4 795.0 794.1 761.5 753.8 748.1 4910.5 4934.3 4944.6 July Aug. Sep. 2540.7 2541.5 2570.8 885.1 887.6 897.2 3425.9 3429.1 3468.0 528.3 531.6 535.3 266.8 267.6 267.8 795.1 799.2 803.1 738.4 737.2 728.8 4959.4 4965.5 4999.9 Oct. Nov. Dec. 2597.8 2625.8 2632.4 892.1 892.9 890.4 3489.9 3518.7 3522.8 538.2 542.1 545.1 269.0 269.4 271.0 807.2 811.6 816.1 719.4 716.3 718.1 5016.5 5046.6 5057.0 2005-Jan. Feb. 2621.9 2628.4 886.1 880.3 3508.0 3508.7 550.3 556.7 275.4 280.0 825.7 836.8 716.2 711.1 5049.9 5056.6 2593.0 2541.6 875.8 869.5 3468.9 3411.2 551.5 552.0 276.6 277.9 828.1 829.9 717.9 714.2 5014.9 4955.2 Week ending 2005-Jan. 24 31 1. 2. At thrift institutions Retail money funds3 Feb. 7 14 21 28 2658.2 2645.6 2610.0 2599.8 888.0 888.5 880.4 864.3 3546.2 3534.2 3490.4 3464.1 553.6 554.7 556.9 561.7 279.4 280.3 281.4 279.1 833.0 835.0 838.3 840.8 713.0 709.9 710.4 711.0 5092.1 5079.0 5039.1 5015.9 Mar. 7 14p 21p 2696.6 2691.7 2647.2 883.1 887.3 880.0 3579.7 3579.1 3527.2 563.4 565.0 567.5 280.8 282.1 283.4 844.3 847.1 850.9 707.9 708.0 711.2 5131.9 5134.1 5089.3 Savings deposits include money market deposit accounts. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. 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 Billions of dollars Large-denomination time deposits1 Institutional money funds Date 3. 4. At thrift institutions 122.1 121.0 119.9 Total At commercial banks 438.6 447.4 439.1 2003-Oct. Nov. Dec. 1141.4 1143.8 1141.6 2004-Jan. Feb. Mar. 1144.8 1130.2 1127.3 788.3 793.9 816.7 119.9 121.2 124.2 908.2 915.0 940.9 441.6 475.1 483.1 Apr. May June 1112.1 1108.3 1112.9 839.9 864.5 873.0 128.4 134.3 134.1 968.3 998.7 1007.2 July Aug. Sep. 1095.3 1100.0 1085.6 884.0 884.3 885.3 137.9 143.4 147.7 Oct. Nov. Dec. 1063.8 1072.1 1086.0 885.7 886.4 905.9 2005-Jan. Feb. 1082.7 1062.6 Week ending 2005-Jan. 24 31 1. 2. At commercial banks2 732.3 742.4 762.6 RPs3 At thrift institutions 60.0 58.1 67.4 Total Eurodollars4 Total Non-M2 M3 498.5 505.5 506.6 285.5 287.7 289.3 2779.9 2800.5 2819.8 69.2 66.9 64.7 510.8 541.9 547.9 302.8 314.5 323.1 2866.5 2901.7 2939.2 463.1 483.1 500.5 65.4 66.7 68.0 528.5 549.8 568.5 332.7 332.3 322.5 2941.7 2989.1 3011.1 1021.9 1027.7 1033.0 479.3 481.0 478.2 58.1 56.6 57.3 537.3 537.6 535.6 328.4 337.8 348.6 2982.9 3003.1 3002.8 150.2 153.9 159.5 1035.9 1040.3 1065.4 454.8 457.8 450.1 57.1 53.2 55.8 511.9 511.0 505.9 364.2 364.3 367.6 2975.8 2987.7 3025.0 950.5 958.8 165.1 171.0 1115.6 1129.7 419.5 447.4 57.3 57.0 476.8 504.4 380.7 373.5 3055.9 3070.2 1085.6 1080.3 952.0 950.4 166.3 167.9 1118.3 1118.4 418.1 424.7 56.9 58.3 475.0 483.0 387.4 387.6 3066.2 3069.3 854.4 863.4 882.5 Feb. 7 14 21 28 1062.3 1058.7 1067.1 1062.3 955.2 959.9 954.7 965.3 168.3 170.5 172.2 172.9 1123.5 1130.5 1126.9 1138.1 428.9 443.8 456.8 459.9 58.0 57.9 57.2 55.1 486.9 501.7 514.0 515.0 372.9 371.1 373.9 375.9 3045.7 3062.0 3081.8 3091.3 Mar. 7 14p 21p 1052.0 1052.0 1038.2 968.1 976.2 970.8 174.9 176.5 177.8 1143.0 1152.7 1148.6 446.3 444.2 446.6 53.5 52.7 53.2 499.8 496.9 499.7 371.9 373.0 372.8 3066.7 3074.6 3059.3 Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities. Large-denomination time deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. RP liabilities of depository institutions, in denominations of $100,000 or more, on U.S. government and federal agency securities, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. Eurodollars held by U.S. addressees at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada, excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market mutual funds. p preliminary Components may not add to totals due to rounding. Page 10 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 U.S. government deposits Demand deposits at commercial banks 1.5 1.6 1.7 Balance at Federal Reserve 4.9 5.1 5.3 Note balances at depository institutions1 12.1 10.1 16.9 102.4 102.1 101.8 2.4 2.2 2.0 166.1 166.3 166.6 101.6 101.7 101.7 157.3 155.3 153.3 425.0 423.3 421.6 25.1 20.3 28.5 1.9 2.0 2.1 167.0 167.7 168.4 101.7 101.8 101.8 152.3 152.6 153.0 421.1 422.1 423.1 10.1 3.1 16.7 16.4 9.2 23.9 2.1 2.2 2.2 168.7 168.6 168.6 101.8 101.7 101.7 152.6 151.5 150.4 423.1 421.9 420.7 5.0 4.9 5.1 20.3 12.7 15.8 26.8 19.1 22.4 2.3 2.3 2.4 168.4 168.3 168.1 101.6 101.5 101.4 149.8 e 149.6 e 149.4 e 419.8 e 419.3 e 418.8 e 1.8 1.5 5.1 5.2 23.0 14.3 29.9 20.9 2.4 e 2.4 e 168.0 e 168.0 e 101.3 e 101.3 e 149.3 e 149.3 e 418.6 e 418.6 e 2.4 1.5 5.2 5.0 35.3 45.5 42.8 51.9 1.1 1.0 1.0 2004-Jan. Feb. Mar. 7.9 7.6 7.3 1.0 1.1 1.1 13.5 13.3 13.1 2.0 1.6 1.6 5.6 5.3 5.4 24.3 15.8 14.3 31.9 22.6 21.3 Apr. May June 7.2 7.3 7.4 1.2 1.2 1.1 13.4 14.4 15.4 2.7 1.6 1.8 6.0 5.4 5.7 16.3 13.4 20.9 July Aug. Sep. 7.4 7.4 7.3 1.1 1.1 1.1 16.5 17.7 18.9 1.4 1.3 1.6 5.0 4.8 5.6 Oct. Nov. Dec. 7.3 7.4 7.4 1.2 1.3 1.5 19.6 19.8 20.1 1.5 1.4 1.5 7.4 e 7.4 e 1.5 e 1.5 e 20.2 e 20.2 e 18.5 16.8 23.9 Feb. 7 14 21 28 1.4 1.3 1.6 1.5 5.1 4.9 5.2 5.5 25.9 6.4 11.2 13.7 32.3 12.6 18.1 20.6 Mar. 7 14p 21p 1.4 1.5 1.7 4.0 5.1 5.0 2.5 5.5 38.5 7.9 12.1 45.2 Source: Daily Treasury statement. e estimated p preliminary Components may not add to totals due to rounding. Time and savings deposits at commercial banks 8.2 5.9 3.7 167.3 166.8 166.3 6.6 7.2 7.7 Week ending 2005-Jan. 24 31 IRA and Keogh Accounts At money market funds 168.7 164.6 160.5 Total cash balance 2003-Oct. Nov. Dec. 2005-Jan. Feb. 1. Time and savings deposits due to foreign banks and official institutions 19.9 17.4 14.9 At commercial banks At thrift institutions Total 438.4 433.5 428.5