Full text of H.6 Money Stock Measures : May 27, 1999

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statist!

f

H.6 (508)
Table 1

MONEY STOCK AND DEBT MEASURES
Billions of dollars

Date

la

u

Vi Lb
*♦** * *

!f iki

? !QQQ

M ay 27, 1999

....
M11

M22

(lease at 4:30 p.m. Eastern Time

^JjteSEARCkLIBRAR Y;

DEBT4

Seasonally adjusted
1997-H ay
June
Ju ly
Aug.
Sep.
oct •
Nov.
Deo,

1063.4
1066.0
1067.6
1072.1
1064.8
1062.1
1067.5
1074.9

3892.8
3911.6
3929.1
3961.1
3981.7
4000.2
4023.1
4046.6

5108.3
5 135.5
5185.9
5232 .8
5 269.7
5 306.7
5353 .6
5404.7

14706.0
14733.2
14787.6
14852.8
14925.1
15001.1
15072.1
15141.3

19 98 -J an ,
Feb.
Mar.
A p r*
»*ay
June
J u ly
A ug.
Se p .
ou t,
Nov,
PtC,

1073.8
1076,0
1080.6
1082.1
1078.2
1Q77.8
1075,4
1072.2
1074,7
1080.4
1089.0
1093.4

4071.4
4 100.9
4126.2
4155.2
4174.8
4198.6
4 216.1
4 241.7
4285.5
4326.9
4365.3
4 4 02 .1

5449 .6
5485 .2
5543 .8
5 5 89 .3
5631 .3
5 6 7 4 .1
5 6 94 .2
5 7 49 .7
5 8 12 .4
5 8 74 .6
5 9 4 0 .2
5 9 99 .8

15210.9
15290.6
15370.6
15445.6
15516.8
15591.1
15671.7
15749.7
15821.0
15906.7
16003.5
16085.5

I9 9 t»j*a .
Feb,
Mar,
Apr,

1091,0
1092.1
1101.7
1108,0

44 26 .2
4447 .1
4457.3
4489.9

6 0 1 9 .6
6 0 6 3 .1
6 0 5 2 .2
6 0 91 .8

16156.1
16219.5
16304.7 p

Not seasonally adjusted
|997-May
Ju*|8
J u ly
Auft
6fPt
p et.
N©Vt
PfO ,

1053,9
1064,1
1066,6
1061,1
1091,6
1097,6
1074,1
1997,4

3873.8
3905,3
3935.1
3960.4
3970,7
3986.7
4025,7
4064.6

5 092.4
5 1 28 .0
51 71 .7
5 2 26 .8
5 2 51 .9
5 2 95 .0
5 3 59 .2
5420 .8

14674.9
14701.2
14741.5
14810.1
14890.9
14964.6
15054.4
15140.9

1999-JUI*,
F ab.
Mar,
Apr,
N ay
June
J u ly
Aug,
Sep.
O ct.
Nov.
D ec.

1079,9
1966,0
1071,7
1017,4
1070.1
1074,7
1073.6
1068.6
106$,9
1976.3
1094.3
1115,3

4073 .7
4092 .1
4143.6
4166,2
4155.9
4 198.7
4 209,0
4338.7
4273,4
4 3 H .7
4365.7
4 418.9

5 4 53 .9
5486 .9
5 5 7 3 .2
5619 .0
5 6 18 .0
56 61 .9
5 671.8
5738 .1
5 789.6
5 859.5
5 9 45 .1
60 16 .0

15193.7
15260.0
15357.9
15428.5
15484.4
15558.1
15624.1
15705.6
15785.8
15868.4
15985.8
16086.0

19 99 -J an .
Feb.
Mar.
Apr.

1098.3
1083.2
1096.9
1113.4

4429 .6
4441.4
4480 .8
4527.4

6 027.9
6 0 71 .8
6 0 9 1 .1
6128 .8

16139.7
16191.5
16296.9 p

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



I l.u

\s J \J O f

Table 2

MONEY STOCK AND DEBT MEASURES*1
2
3
4
Percent change at seasonally adjusted annual rates
M1

M2

M3

DEBT1

1999

6 .2

5 .8

4.8

5 .5

6 Months fr o m O c t . 1998 TO A p r . 1999

5.1

7 .5

7.4

6.1

2 .4

8.1

9 .0

6.1

4 .7

5 .8

4 .5

3 Months fro m Jan .

1999 TO A p r .

12 Months f ro m A p r . 1998 TO A p r .

T h i r t e e n weeks e n d i n g May 17 , 1999
fro m t h i r t e e n weeks e n d i n g :
F eb . 15, 1999 (13 weeks p r e v i o u s )

1.

1999

N ov .

16,

1998

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

4 .8

7 .9

8 .0

May

18,

1998

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

2 .2

8.1

9.1

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, nameiy, December 1993 to March 1999, September 1998 to March 1999,
and March 1998 to March 1999, respectively.__________________________ ____________________________________________________ ______ _____ __________________

Footnotes to Table 1:
1.

2.

3.

4.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Bapks, 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 depdsits (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 M 1.
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
Gredit 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.




H.6 (508)
Table 3

MONEY

STOCK MEASURES

Billions of dollars

Seaserratfiy adjusted
M1
Period ending
1999- F e b .
Mar.

May

M3

13-week
average

4-week
average

week
average

i:3-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

22

1091.9

1091 .9

1099.8

■4419.4

4441 .9

4461.1

6020 .5

6 057.3

6079.9

1
15
22
29

1092.3
1092.7
1093.3
1094 .1
1095.0

1093.0
1095.4
1096 .6
1 097.8
1 100.3

1099.4
1*09 2 .9
1094.4
1104 .3
1 1 09 .6

4425.0
# 4 1 9 .7
4433 .8
4437.9
4441.6

4448 .2
4451 .2
4 4 5 1 .1
4451.4
4455.4

4 4 55 .5
4 4 42 .8
4 4 4 5 .1
4 4 62 .2
4471 .4

6027 .4
6 032.4
€ 0 3 7 .0
6040 .7
6043 .7

6064.3
6060.7
6 055.9
6049.8
6050.8

6062.4
6036.6
6044.8
6055.4
6066.5

5
12
19
26

1095.7
1096.7
1098.3
1 100.1

1106 .6
11 07 .4
1 1 08 .1
1 108.2

1117.9
1097.6
1 1 07 .1
1110.0

4445* 2
4 449.0
4 454.8
4 461.8

4 4 64 .0
4469 .7
4 4 7 9 .1
4 4 89 .8

4 4 77 .3
4 4 68 .0
4 4 99 .8
4 5 13 .9

6 0 45 .3
6 0 49 .8
6056 .7
6 0 65 .8

6 056.8
6062 .0
6075 .2
6 0 90 .1

6060.3
6065.9
6108.2
6126.0

3

1101.7
1103.0
1104.0

1 107.9
1108 .5
1107 .1

1 116.9
1099.8
1 1 01 .8

4466.4
4471.9
4476 .9

4 4 93 .0
45 01 .7
4 5 0 4 .1

4 4 90 .3
4 5 02 .6
4 5 09 .6

6 0 70 .2
6074 .3
6078 .2

6 0 98 .0
6107 .6
6109 .2

6091.7
6104.6
6114.6

8

Apr.

M2

lOp
17p

Not seasonally adjusted
1999-Fob.

22

1100.9

1082.9

1085.6

4423.9

4 4 32 .5

4438.9

6 030.4

6 0 60 .6

6071.6

Mar.

1
8

1099.5
1098.8
1098.3
1096.4
1094.3

1083.7
1086.7
1089.4
1091.4
1093.9

1094.2
1087.6
1090.2
1093.7
1103.9

4430.2
4435.8
4441.1
4445.0
4449.2

4 4 4 3 .1
4454 .6
4464 .4
44 72 .8
44 79 .0

4 446.7
4487 .7
4484 .3
44 72 .5
44 71 .4

6038 .2
6 044.4
6 0 50 .1
6055.3
6060.7

60 73 .9
6079 .9
6085 .9
6088 .9
6090 .8

6069.5
6097.9
6104.6
6083.6
6076.9

1 104.1
1108.3
1115.4
1115.4

1128.7
1107.0

19
26

1 092.0
1092.7
1 0 95 .1
1097 .1

1104.2

4456.2
4463.8
4472.6
4480.0

4 4 93 .9
4 5 10 .7
4 5 31 .6
45 36 .7

45 47 .5
4 5 51 .2
4 5 5 6 .1
4 4 9 2 .1

6 069.2
6 0 78 .1
6086 .7
6 0 9 4 .1

6099 .7
6113 .7
6132 .4
6 1 3 7 .1

6133.8
6160.4
6 158.5
6 095.6

3
lOp
17p

1 099.2
1100.4
1101.4

1112.7
1 108.6
1101.3

1117.7
1090.8
1092.4

44 85 .2
4 489.3
4 492.7

4 5 1 8 .1
4 5 03 .8
4 4 8 7 .2

4 4 72 .8
4 4 9 4 .1
4 4 89 .6

6 098.4
6 100.6
6102 .2

6 121.7
6 1 07 .3
6 0 92 .9

6072.3
6102.9
6100.6

15

22
29
Apr.

5

12

May

1121.8

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
prelim inary data.
Components may not add to totals due to rounding.



Page 4
H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF Ml
Billions of dollars
Other checkable deposits

Date

Currency1

Travelers checks1
2

Demand deposits3
At commercial banks4

4 2 4 .5

7 .7

396.5

1 4 9.2

9 7 .0

2 4 6.2

1 9 9 8 - Jan.
Feb.
Mar.

4 2 7 .0
4 3 0 .0
432.1

7.7
7.6
7.7

392.8
39 2.3
391.0

149.7
14 7.8
14 9.2

9 6 .6
9 8 .3

100.6

2 4 6.3
2 4 6 .1
2 4 9.8

Apr.
May
June

434.2
4 3 6 .4
439.2

7.8
7.8
8.0

38 9.2
38 7.8
38 4.7

150.3
146.2
14 5.9

100.6
100.0
100.0

25 0.9
2 4 6.2
2 4 5 .9

J u ly
Aug.
S ep .

4 4 2 .3
4 4 4 .8
449.6

8.5
8 .5
8.3

3 7 9.3
3 7 4.8
37 4.4

14 4.2
14 3.2
1 4 1 .1

101.2
1 0 0.9
10 1.3

2 4 5 .3
2 4 4 .0
2 4 2 .4

O ct.
Nov.
D ec.

4 5 3 .3
4 5 6 .5
459.2

8.3
7 .9
7 .8

374.7
3 7 7.0
37 7.5

141.5
14 4.0
14 3.8

1 0 2.7
1 0 3.6
1 0 5.0

2 4 4 .2
2 4 7 .6
2 4 8.8

1 9 99 -J an .
Feb.
Mar.

4 6 2 .7
4 6 7 .6
4 7 2 .0

7.8
7.7
7.8

3 7 1 .1
3 7 1.6
37 3.9

14 5.5
141.5
14 2.9

10 3.9
1 0 4.0
1 0 5 .1

2 4 9.5
2 4 5 .5
2 4 8.0

Apr.

4 7 6 .5

7.8

3 7 3.6

144.8

10 5.3

2 5 0 .1

4 7 2 .5
4 7 3 .5

7.8
7.8

37 6.2
37 8.6

1 4 2.6
14 5.3

1 0 5 .1
1 0 4.3

2 4 7.7
2 4 9 .6

19
26

4 7 5 .0
4 7 5 .2
476.6
477.7

7.9
7.8
7.8
7.7

38 2.8
36 6.4
3 7 2.2
37 4.2

14 5.6
141.8
145.5
1 4 6.2

1 0 6 .6
1 0 6.4
1 0 5 .1
1 0 4 .1

2 5 2 .2
2 4 8 .2
2 5 0 .6
2 5 0 .3

3
lOp
17p

4 7 8 .3
4 7 9 .4
4 8 0 .8

7.7
7.7 e
8.2 e

38 0.5
3 6 6.2
36 7.8

146.3
14 0.5
139.8

1 0 4 .1
1 0 5.9
1 0 5 .2

25 0.3
24 6.4
2 4 5.0

Apr.

5

12

May

4.
5.

Total

1 9 97 -D ec.

Week e n d i n a
1999-M ar . 22
29

1.
2.
3.

At thrift
institutions5

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



Pages
H.6 (508)
Table 5

SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars

Smalt-denomination time deposits1
2

Savings deposits1
Date

At commercial
banks

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

1 9 97 -D e c .

1022.9

37 7.3

1 4 00 .2

6 2 6 .1

3 4 3 .2

9 6 9 .3

6 0 2.3

2 9 71 .8

19 9 8- J a n .
F eb .
Mar.

1 035.1
1045.9
1 054.1

3 7 8 .8
38 2.5
38 5.3

1 4 1 3 .8
1 4 28 .5
1439*4

6 2 6 .2
626.3
6 2 6 .5

344.6
343.7
3 4 2 .4

9 7 0 .8
970.1
9 6 8.9

6 1 2.9
62 6.3
6 3 7 .3

2997 .6
3024.9
3045.5

Apr.
May
June

1072.2
1078.0
1 0 89 .6

3 8 7.0
3 9 4 .3
3 9 6 .3

1 4 59 .3
1472*2
1 4 8 5 .9

6 2 7.5
6 2 6 .3
62 5.7

3 4 0 .1
339.7
3 3 9.5

9 6 7.6
9 6 6 .0
965.2

6 4 6 .3
658.4
66 9.7

3 0 73 .1
3096.6
3120.8

J u ly
Aug.
Sep.

1106.3
1 140.2

39 9.5
4 0 0 .9
4 0 3 .6

1505 .8
1522.5
1543.7

6 2 5 .1
627.4
6 2 7 .7

33 7.3
3 3 2.4
3 3 0.9

9 6 2 .4
9 5 9.7
9 5 8.7

6 7 2 .5
6 8 7 .2
708.4

3140.7
3169 .5
3 210.8

O ct.
N ov .
Dec.

1 155.3
1 1 71 .1
1189.8

4 0 7 .8
4 1 1 .5
4 1 5 .2

1563 .1
1582.6
1605.0

62 7.5
6 2 8 .3
626.1

3 3 0 .4
3 2 7.5
3 2 5 .9

9 5 7 .9
9 5 5.7
9 5 2 .0

7 2 5 .5
7 3 7 .9
7 5 1 .7

3246.5
3276.3
3308.7

1 9 9 9 - Jan.
F eb .
Mar.

1202.3
1207.7
1207.9

4 2 0.4
4 2 5 .4
4 2 8 .0

1622.7
1633 .1
1636.0

62 2.1
618.2
616.4

3 2 4.6
3 2 3 .0
3 2 0.9

94 6.7
9 4 1 .2
9 3 7 .3

7 6 5 .9
7 8 0 .3
7 8 2 .3

3335.2
3354.6
3 355.5

Apr.

1225.5

4 3 1.4

1656.9

614.7

3 1 9 .8

9 3 4.5

7 9 0 .5

3381.9

1 209.2
1 203.6

4 3 0.3
4 3 2.6

1639.5
1636.2

616.2
616.3

3 2 0.6
3 2 0.3

9 3 6 .9
9 3 6.6

7 8 1 .5
789.1

3357.9
3361 .8

1 636.8
1650.7
1667.2
1674.0

615.9
6 1 5 .1
614.6

6 1 4 .2

3 2 0 .3
3 1 9.9
3 1 9.9
3 1 9.6

9 3 6 .2
9 3 4 .9
93 4.5
9 3 3.8

7 8 6 .4
7 8 4 .7
791.0
796.1

3359.4
3 3 70 .3
3392.6
3403.9

1645.7
1 676.1
1680.7

613.5
61 2.7
614.3

3 1 9.0
3 1 9 .2
31 7.7

9 3 2.6
93 1.9
9 3 2 .0

7 9 5 .2
7 9 4 .9
795.1

3373.5
3 402.8
3 407.8

1 1 2 1 .6

en din g
1999-M ar. 22
29

W eek

Apr.

May

1.
2.

5

1210.7

12

1 2 2 2 .8

19

26

1236.4
1236.0

4 2 6 .1
4 2 8 .0
4 3 0 .8
4 3 8 .0

3
lOp
17p

1209.2
1237.7
1238.8

4 3 6.5
4 3 8.4
4 4 1.9

Savings deposits include money market deposit accounts.
Small-denomination time deposits— including retail RPs— are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

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



Page 6
H.6 (508)
Table 6

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

Date

3.
4.
5.

Large-denomination time deposits1
At commercial
banks2

At thrift
institutions

RPs3

Eurodollars4

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

1 9 97 -D ec.

37 9.9

4 9 0 .2

85 .9

57 6.1

252.8

149.2

1 358.0

3798.4

11342.9

1 9 9 8 -Jan .
Feb.
Mar.

38 5.9
39 1.3
3 9 9.8

4 9 4.7
50 5.2
52 1.0

87.7
8 7 .2
85.7

582.4
592.4
606.7

260.0
2 5 5.1
269.3

150.0
145.4
141.8

1 378.3
1 384.3
1417.7

3 796.8
3792 .9
3 7 97 .2

11414.2
11497.7
11573.3

Apr.
May
June

4 1 4 .4
4 2 6 .9
4 3 7 .7

5 2 0.8
527.4
5 3 4 .9

86 .7
8 5 .2
8 5.8

607.4
612.6
620.7

270.3
271.7
2 7 0 .8

141.9
145.4
146.3

1434.0
1456 .6
1 4 75 .5

3791 .5
3778 .8
3 7 75 .8

11654.1
11738.0
11815.4

Ju ly
Aug.
S ep .

4 4 1 .9
4 5 4 .5
4 6 7 .8

5 2 7.8
5 3 4.6
534.7

8 5 .8
8 5 .6
8 6 .6

61 3.6
62 0.2
62 1.3

27 3.4
279.7
28 3.4

14 9.2
153.5
154.4

1478 .0
1508 .0
1527 .0

3772 .9
3770 .3
3 760.0

11898.8
11979.4
12061.0

O ct.
Nov.
Dec.

4 8 6 .7
5 0 3.8
5 1 6 .2

53 3.9
53 7.5
5 4 1 .1

87.7
87 .9
8 9 .1

62 1.5
625.4
63 0.2

28 3.5
289.5
29 7.7

15 6.0
156.2
15 3.6

1 547.7
15 75 .0
1 5 97 .7

3 7 50 .3
37 48 .8
37 47 .4

12156.4
12254.7
12338.2

1 9 9 9 - Jan.
Feb.
Mar.

5 1 5.0
5 2 9.9
5 2 9 .1

5 4 5.9
533.7
52 3.4

9 1 .0
8 9 .9
88.7

63 7.0
623.6
6 1 2.1

2 9 1.5
30 8.2
2 9 5.3

150.0
154.3
158.4

15 93 .5
16 16 .0
15 94 .9

3 7 40 .9
3 7 18 .2
3 7 14 .7 p

1 2 41 5 .3
12501.3
12590.0 p

Apr.

538.4

5 2 9.8

8 9 .0

6 1 8.8

28 5.7

158.8

1 6 01 .8

52 9.6
535.4

5 2 4.6
5 1 9 .1

88 .5
88.4

6 1 3 .1
60 7.6

28 8.7
2 9 0 .2

16 1.8
161.9

1 5 93 .2
1 5 9 5 .1

Week,.ending
1999-M ar . 22
29

1.
2.

Institutional
money funds

Apr.

5
12
19
26

5 2 4 .1
535.7
5 4 4 .8
5 4 4.7

5 2 1.2
5 2 5 .1
53 2.3
5 3 6 .1

8 8 .6
89 .4
8 9 .1
8 9 .2

60 9.8
614.5
621.4
625.3

29 0.7
2 8 6.8
2 8 2.7
28 4.8

158.3
161.0
159.5
157.3

1 5 83 .0
1 5 98 .0
1608 .5
1 6 12 .1

May

3
lOp
17p

5 3 9 .0
5 4 1 .6
5 4 5.8

5 3 2 .1
528.4
52 5.8

8 8 .4
8 8.4
8 8 .2

62 0.5
61 6.8
61 4.0

284.7
2 8 5.2
2 8 7.4

157.2
158.4
157.8

16 01 .4
1 6 02 .0
1 6 0 5 .1

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 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
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 2 8 .9

7.9

4 1 2.3

150.5

9 7 .8

24 8.3

1 9 9 8 - Jan.
Feb.
Mar.

4 2 6 .3
4 2 8 .8
4 3 1.4

7.9
7.8
7.9

39 6.6
384.6
385.8

152.5
147.7
14 9.8

9 6 .6
9 7 .0
1 0 0.9

2 4 9 .1
244.7
25 0.6

Apr.
May
June

4 3 3 .7
436.1
4 3 8 .3

7.9
7.9
8 .0

389.4
381.7
38 2.8

15 3.2
145.3
14 5.6

1 0 3.3
9 9 .6
1 0 0 .1

25 6.5
24 4.9
2 4 5.7

Ju ly
Aug.
Sep.

4 4 2 .7
4 4 4 .4
4 4 8 .4

8.2
8.2
8.1

378.9
374.3
372.6

14 2.8
1 4 1.6
14 0.0

1 0 0 .9
100.1
1 0 0 .7

2 4 3 .8
24 1.7
2 4 0.7

O ct.
Nov.
D ec.

4 5 2 .6
4 5 7 .5
4 6 4 .2

8.2
8.1
8.0

37 3.2
381,7
39 2.4

14 0.2
1 4 3.5
1 4 4.9

1 0 2 .0
1 0 3 .5
1 0 5 .8

2 4 2 .2
2 4 7 .0
2 5 0.7

1 9 9 9 -Jan .
F eb .
Mar.

4 6 2 .5
4 6 6 .5
4 7 1 .3

7.9
7.9
7.9

375.7
364.6
368.7

1 4 8.1
141.4
1 4 3.5

1 0 4 .1
1 0 2 .8
1 0 5 .5

2 5 2.2
2 4 4 .2
2 4 9 .0

Apr.

4 7 6 .0

7.9

373.7

14 7.6

1 0 8 .2

2 5 5 .8

4 7 1 .8
4 7 1 .9

7.9
7.9

366.5
372.0

14 2.9
147.4

1 0 4 .6
1 0 4 .6

2 4 7 .5
2 5 2 .1

Apr.

5
12
19
26

4 7 5 .8
4 7 6 .6
4 7 5 .7
4 7 5 .1

8 .0
7.9
7.9
7.9

386.8
369.6
378.4
3 6 6.1

147.6
143.7
15 0.9
149.6

1 1 0.6
1 0 9.3
1 0 8 .9
1 0 5.5

2 5 8 .2
2 5 2.9
2 5 9.9
2 5 5 .1

May

3
lOp
17p

4 7 6 .4
4 7 9.7
4 7 9.3

00
t"

4.
5.

Total

1 9 97 -D ec.

Week e n d i n g
1999 -M ar . 22
29

1.
2.
3.

At thrift
institutions5

378.9
357.5
362.8

147.7
139.2
138.2

1 0 6 .8
1 0 6 .6
10 3.9

2 5 4 .5
2 4 5.8
2 4 2 .1

7.8 e
8 .3 e

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
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

At thrift
institutions

Totai

At

commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

1 997-D ec.

1020.4

376.4

1396.8

625.3

342.8

9 6 8 .1

60 2.5

2967.4

1 9 98 -Jan.
Feb.
Mar.

1030.5
1 041.8
1061.6

3 7 7.1
38 1.0
3 8 8.1

1407.6
1422.8
1449.6

626.8
627.6
627.3

344.9
34 4.4
3 4 2.8

97 1.6
97 2.0
9 7 0 .1

61 4.5
6 3 1 .4
6 4 8 .1

29 93 .8
3 026.2
3067.8

Apr.
May
June

1084.6
1078.4
1092.7

391.5
394.4
39 7.4

1476.2
1472.8
1 4 90 .1

627.7
625.4
624.8

34 0.3
3 3 9.2
3 3 9 .0

9 6 8 .0
9 6 4 .6
9 6 3 .8

6 5 4.6
6 4 7.9
6 6 0 .0

3098.8
3 085.3
3 114.0

Ju ly
Aug.
Sep.

1107.5
1 121.5
1 134.8

39 9.9
4 0 0 .8
4 0 1 .7

1507.4
1522.3
1536.5

6 2 5.1
627.0
627.3

3 3 7 .3
3 3 2 .2
33 0.7

9 6 2.3
9 5 9 .2
9 5 8.0

6 6 5.7
6 8 8 .6
709.0

3135.4
3 1 70 .1
3 203.5

O ct.
Nov.
Dec.

1147 .6
1167.9
1186.8

4 0 5 .1
4 1 0 .3
4 1 4 .1

1552.6
1578.2
1 600.9

6 2 8 .1
628.4
625.4

3 3 0.7
3 2 7 .6
3 2 5 .6

9 5 8 .8
9 5 6 .0
9 5 1 .1

724.1
737.2
751.7

3235.5
3271 .4
3 3 03 .6

1 9 99 -Jan.
F eb .
Mar.

1197 .3
1203 .8
1217.6

4 1 8 .6
4 2 4 .0
4 3 1 .5

1616.0
1627.8
1 6 49 .1

622.8
6 1 9.6
617.3

3 2 4 .9
3 2 3.7
3 2 1 .3

94 7.7
9 4 3 .3
9 3 8 .6

767.6
787.0
796.2

3331.3
3 3 58 .1
3383 .9

Apr.

1 241.3

4 3 7 .0

1678.3

614.8

3 1 9 .8

9 3 4 .7

801.1

3 4 14 .1

22
29

1213.9
1 198.5

4 3 1 .9
4 3 0 .8

1645.9
1629.3

616.9
61 6.8

3 2 1 .0
3 2 0 .5

9 3 7.9
9 3 7 .3

795.1
8 0 0 .9

3 3 78 .9
33*67.5

Apr.

5
12
19
26

1243.8
1259.3
1255.6
1221.9

4 3 7.7
4 4 0 .8
4 3 7 .5
4 3 3 .0

1681.6
1700.0
1693.2
1654.9

616.7
61 5.8
614.7
613.7

3 2 0.7
3 2 0 .2
3 2 0 .0
3 1 9.4

9 3 7.4
9 3 6 .0
9 3 4 .6
9 3 3 .1

799.8
808.1
8 0 6 .5
7 9 9 .9

3 4 18 .8
3 4 4 4 .1
3 434.3
3 387.9

May

3
lOp
1?P

1205.4
1 248.3
1243.3

4 3 5 .1
442.1
4 4 3 .4

1640.5
1690 .4
1686 .7

612.9
61 1.9
6 1 3 .1

3 1 8 .7
31 8.7
3 1 7 .1

9 3 1 .6
9 3 0 .6
9 3 0 .2

783.1
782.3
7 8 0 .3

33SS.1
3403 .3
3397.2

Week m f l l M
1999-M ar.

1.
2.

At commercial
banks

Savings deposits include money market deposit accounts.
Small-denomination time deposits— including retail RPs— are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

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



Page 9
H.6 (508)
Table 9

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

Institutional
money funds

3.
4.
5.

RPs3
Eurodollars4

At commercial
banks2

At thrift
institutions

Total

At commercial
banks

At thrift
institutions

Total

Total
Non-M2 M3

Debt components5
Federal

Non-Federal

19 97 -D ec.

38 4.5

4 8 7.7

8 5 .4

5 7 3.1

199.5

4 6 .6

2 4 6 .1

15 2.3

1356 .0

3805.8

11335.1

1 9 9 8 - Jan .
F eb .
Mar.

39 5.7
4 0 4 .3
4 0 7 .0

4 8 3 .1
5 0 1.1
524.5

8 5 .6
8 6 .5
8 6 .3

568.7
587.6
61 0.8

2 1 5.8
2 1 0.2
2 2 5.6

4 4 .9
4 4 .6
4 5 .2

26 0.6
2 5 4.8
2 7 0.9

1 5 5 .1
1 4 8.0
1 4 1 .1

1 3 80 .1
1394.7
14 29 .6

3792.5
3795.3
3820.7

11401.2
11464.6
11537.2

Apr.
May
June

4 1 2 .7
4 2 1 .0
4 3 1 .7

520.8
532.6
539.4

8 6 .6
8 6 .1
8 6 .5

607.4
618.7
62 5.9

2 2 6.5
2 3 0 .8
2 2 2 .1

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

27 2.4
2 7 7 .8
2 7 1.7

1 4 0.2
14 4.7
1 4 3.9

1 432.8
1 4 62 .1
1 4 73 .2

3800.5
3765.9
3755.3

11628.1
11718.5
11802.8

J u ly
Aug.
Sep .

4 3 2 .6
4 4 8 .4
4 5 8 .8

52 7.6
534.9
5 3 5 .1

8 5 .8
8 5 .6
8 6 .7

613.4
62 0.6
621.9

2 2 2 .1
2 2 9 .1
2 3 2 .1

4 9 .0
4 9 .2
5 0 .3

2 7 1 .0
2 7 8.4
2 8 2.5

1 4 5 .8
1 5 2.0
1 5 3 .2

1 4 62 .8
1 4 99 .3
1 5 16 .3

3740.8
3749.6
3743.4

11883.4
11956.1
12042.4

O ct.
Nov.
Dec.

4 8 2 .9
5 0 4.9
52 3.3

5 3 7.2
539.7
537.5

8 8 .2
8 8 .3
8 8 .5

6 2 5.5
62 7.9
6 2 6.0

234.9*
2 4 2.4
2 3 9.9

4 7 .7
4 7 .6
50 .4

2 8 2.6
2 9 0 .0
2 9 0 .3

1 5 6 .8
1 5 6 .6
15 7.4

15 47 .9
15 79 .4
1 5 97 .0

3727.8
3746.6
3754.9

12140.6
12239.3
12331.1

1 9 9 9 -Jan.
F eb .
Mar.

52 9.3
54 7.3
53 7.9

53 2.2
5 2 9 .1
527.8

8 8 .8
8 9 .1
8 9 .5

62 1.0
6 1 8.3
61 7.3

24 1.7
2 5 3.9
24 1.4

5 1 .1
5 3 .8
5 6.5

2 9 2 .9
307.7
2 9 7 .9

1 5 5 .1
1 5 7 .1
1 5 7.3

1598 .3
1630 .5
1 610.4

3736.6
3721.8
3741.2 p

12403,0
12469.7
12555.7 p

Apr.

536.7

53 0.6

8 9 .1

619.7

2 3 1 .1

5 7 .3

2 8 8 .4

1 5 6.6

1601 .4

53 8.5
537.4

5 2 9 .1
52 3.9

8 9 .2
8 9 .2

61 8.4
6 1 3 .1

23 6.7
2 3 7.5

57 .2
5 6 .2

2 9 3 .9
2 9 3.7

1 6 0.3
1 6 1 .2

1 6 11 .1
1605 .5

Week .e n d in g
1999-Mar . 22
29

1.
2.

Large-denomination time deposits1

Apr.

5
12
19
26

522.7
54 5.6
54 1.5
5 3 7 .1

5 2 5 .1
526.9
53 1.5
534.0

8 9 .2
8 9 .7
8 9 .0
8 8 .8

6 1 4.3
61 6.6
620.5
62 2.8

2 3 4.8
23 1.0
2 2 7.7
2 3 0.5

5*7.6
5 7 .9
5 7.0
'57 l l

2 9 2.4
2 8 8.9
28 4.7
2 8 7.6

1 5 6 .9
1 5 8.3
1 5 5.7
1 5 6 .0

1586 .3
1609.3
1602 .5
1 603.4

May

3
lOp
17p

52 9.6
53 7.3
54 0.3

53 4.6
53 4.2
531.9

8 8 .8
8 9 .4
8 9 .2

62 3.3
62 3.6
6 2 1.1

2 3 3.6
23 4.0
23 4.9

5 7 .1
58.7
5 9.0

29 0.7
2 9 2.7
293.9.

1 5 5.9
1 5 5.2
15 5.7

1599 .5
1608 .8
1 6 11 .0

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 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
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

U.S. government deposits
Time and
savings
deposits at
commercial
banks

25.2

3.3

22.3

31.9

3.3

151.9

101.5

97.4

350.7

14.5

21.1

3.2

151.7

101 .1

97.7

350.6

17.5

24.8

3.1

151.5

100.8

98.1

350.4
350.2

Balance
at
Federal
Reserve

19.1

2.2

5.1

17.9

1.6

19.2

3.1

6.5

1.9

19.0

1.6

5.0

9.9

1.9

18.9

1.8

5.5

Foreign
official
institutions

9.5

l.S

1998-Jan.

9.8

Feb.

9.8

Mar.

IRA and Keogh Accounts

Total
cash
balance

Note
balances at
depository
institutions1

Demand
deposits at
commercial
banks

Foreign
commercial
banks

19 9 7 - D a c •

Time and
savings
deposits
due to
foreign
banks and
official
institutions

At
commercial
banks

At
thrift
institutions

Total

96.3

101.9

1 52 .1

At
money
market
funds

350.4

9.9

1.9

18.3

24.0

38.3

3.0

151.4

1.9

17.3

5.5

43.3

50.3

3.1

151.2

1 00 .1
99.0

98.7

10.0

4.6
1.5

9.7

May

99.7

349.9

June

10.0

2.0

16.3

2.7

10.4

32.7

45.8

3.2

151.0

98.0

100.6

349.6

Apr.

July

10.0

2.1

15.6

1.3

49.4

3.3

151.0

97.5

102.7

9.8

2.1

15.4

1.4

5.4
5.1

42.6

Aug.

11.9

18.4

3.4

151.2

98.0

106.1

351.2
355.3

Sep.

9.6

2.0

15.2

2.7

6.3

20.4

29.4

3.5

151.4

98.4

109.6

359.4
362.2

Oct.

9.5

2.1

15.4

1.4

5.4

19.3

26.1

3.7

151.5

98.4

112.3

Nov.

9.2

1.9

16.0

1.3

5.1

18.7

25.1

4.1

151.5

97.9

114.3

363.6

Dec.

9.0

1.9

16.8

1.7

5.9

24.4

32.0

4.5

151.4

97.3

116.3

365.0

96.9

a

118.1

a

366.4

a

96.6

a

119.7

a

367.6

151.3

a
a
a

96.2

a

121.4

a

368.9

a
a

151.2

a

95.9

a

123.0

a

370.2

a

1999-Jan.

8.9

1.8

17.1

2.9

6.6

30.8

40.2

4.7

151.4

Fab.

8.9

1.3

17.1

1.4

4.8

6.9

13.0

4.7

151.3

Mar.

8.9

1.9

17.1

1.5

5.5

12.1

19.1

4.7

Apr.

8.9

1.9

17.1

4.6

6.4

16.5

27.5

4.7

22

1.4

5.6

15.0

22.0

29

1.3

5.2

9.2

15.6

W e e k , ending.
1999-M ar.

Apr.

May

5

1.6

5.6

12

2.3

4.9

9.8
3.2

17.2
10.4

19

5.7

6.3

10.2

22.2

26

7.4

7.0

18.4

32.7

3

4.7

8.4

51.4

64.6

lOp

1.2

5.4

33.5

40.1

17p

1.6

5.1

32.4

39.0

1.

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

e