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H.6 November 10, 2005 SPECIAL NOTICE On March 23, 2006, the Board of Governors of the Federal Reserve System will cease the publication of the M3 monetary aggregate. It will also cease publishing the following components: large-denomination time deposits, RPs, and eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item on this release. Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks). FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK MEASURES For release at 4:30 p.m. Eastern Time Billions of dollars November 10, 2005 Date M11 M22 M33 Seasonally adjusted 2003-Nov. Dec. 1297.8 1305.1 6081.6 6085.2 8885.0 8885.3 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1303.4 1321.8 1334.5 1334.3 1338.6 1345.0 1337.4 1355.0 1359.1 1360.2 1375.8 1373.5 6098.7 6139.0 6178.0 6215.2 6273.2 6284.1 6285.7 6306.5 6341.2 6369.3 6406.5 6430.7 8942.5 9006.6 9081.9 9144.3 9233.2 9270.8 9273.2 9308.5 9358.8 9369.9 9401.4 9450.5 2005-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. p 1364.3 1371.6 1378.5 1361.0 1373.4 1374.4 1354.3 1371.0 1363.4 1367.6 6449.1 6464.3 6484.5 6481.5 6482.8 6515.6 6525.1 6554.4 6587.9 6626.7 9502.9 9539.0 9568.9 9620.7 9662.8 9748.2 9776.7 9878.7 9976.2 10057.5 Not seasonally adjusted 2003-Nov. Dec. 1293.5 1332.2 6095.7 6112.0 8895.6 8929.7 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1302.5 1306.7 1337.9 1345.3 1333.7 1348.5 1338.8 1352.5 1349.8 1351.3 1370.9 1401.4 6070.6 6101.2 6180.7 6252.2 6263.3 6287.6 6292.7 6312.6 6344.5 6363.2 6412.5 6454.5 8933.1 8996.4 9110.7 9180.9 9238.8 9283.3 9258.9 9301.8 9335.7 9330.3 9396.4 9481.5 2005-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. p 1362.7 1355.4 1382.4 1371.8 1369.0 1377.7 1357.0 1368.3 1354.4 1357.8 6413.8 6415.2 6479.6 6526.8 6471.9 6522.7 6541.8 6563.0 6593.7 6618.7 9480.6 9514.3 9588.5 9669.5 9674.4 9764.3 9774.7 9876.1 9956.7 10017.7 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 M3 M1 M2 3 Months from July 2005 TO Oct. 2005 3.9 6.2 11.5 6 Months from Apr. 2005 TO Oct. 2005 1.0 4.5 9.1 12 Months from Oct. 2004 TO Oct. 2005 0.5 4.0 7.3 Thirteen weeks ending October 31, 2005 from thirteen weeks ending: Aug. 1, 2005 (13 weeks previous) 0.1 5.0 9.9 May 2, 2005 (26 weeks previous) -0.3 3.5 8.2 Nov. 1, 2004 (52 weeks previous) 0.7 3.9 6.7 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 2005-Aug. 8 15 22 29 1365.4 1365.6 1366.1 1365.4 1354.2 1357.9 1361.7 1369.6 1349.0 1357.1 1383.3 1388.9 6512.7 6517.9 6524.1 6529.8 6537.4 6539.3 6547.2 6549.8 6536.6 6540.4 6564.8 6557.3 9744.7 9760.7 9779.4 9796.7 9799.4 9816.1 9844.5 9872.7 9813.9 9848.5 9909.1 9919.3 Sep. 5 12 19 26 1365.3 1364.5 1362.9 1361.9 1373.5 1369.2 1363.0 1359.2 1364.7 1340.0 1358.3 1373.8 6534.7 6540.5 6546.5 6552.2 6557.9 6563.8 6572.6 6582.9 6569.2 6564.0 6599.8 6598.5 9815.0 9832.0 9850.0 9866.8 9907.5 9933.1 9948.9 9967.5 9953.1 9950.7 9972.4 9993.7 Oct. 3 10 17 24p 31p 1363.2 1364.3 1364.8 1365.4 1367.4 1367.2 1371.4 1368.7 1369.3 1366.0 1396.8 1356.7 1347.6 1376.1 1383.4 6559.5 6567.4 6575.4 6583.2 6589.7 6596.2 6607.9 6616.8 6626.0 6628.4 6622.5 6610.8 6635.5 6635.3 6631.9 9886.6 9907.9 9929.9 9951.5 9972.2 9986.9 10006.0 10029.9 10050.6 10061.8 10030.7 10027.2 10067.8 10076.8 10075.4 Not seasonally adjusted 2005-Aug. 8 15 22 29 1366.6 1366.4 1366.8 1366.7 1356.9 1357.4 1357.3 1365.6 1321.3 1339.1 1382.8 1419.1 6520.8 6527.7 6536.0 6542.1 6543.3 6551.4 6564.3 6562.0 6580.9 6578.9 6559.2 6528.9 9754.8 9769.4 9786.7 9802.4 9794.7 9819.4 9849.9 9874.3 9853.9 9873.0 9884.0 9886.1 Sep. 5 12 19 26 1367.2 1365.2 1362.5 1360.1 1373.9 1365.8 1356.8 1350.0 1354.4 1306.8 1346.7 1391.9 6547.8 6553.9 6559.3 6563.7 6568.7 6578.1 6590.3 6595.3 6607.7 6616.6 6607.9 6548.9 9818.1 9832.5 9847.5 9860.6 9902.9 9931.5 9949.5 9957.3 9968.3 9987.5 9956.1 9917.3 Oct. 3 10 17 24p 31p 1360.8 1360.6 1359.6 1359.1 1360.6 1362.6 1364.6 1358.8 1354.9 1355.2 1404.9 1315.0 1323.5 1376.3 1405.8 6567.3 6572.7 6580.8 6587.7 6591.8 6592.9 6595.2 6606.1 6618.3 6616.6 6598.2 6625.7 6651.7 6597.5 6591.5 9875.7 9894.1 9915.4 9934.6 9951.3 9955.9 9961.5 9985.2 10008.7 10019.5 9962.7 10009.9 10051.0 10011.1 10006.0 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 2004-June 678.1 7.7 334.1 186.4 At thrift institutions5 138.7 July Aug. Sep. 684.3 686.3 689.6 7.6 7.6 7.6 320.3 334.1 337.2 185.0 188.2 186.9 140.2 138.9 137.9 325.2 327.1 324.7 Oct. Nov. Dec. 692.2 696.9 696.9 7.6 7.6 7.6 333.9 341.0 340.7 187.1 189.5 187.6 139.3 140.8 140.7 326.4 330.3 328.3 2005-Jan. Feb. Mar. 699.6 701.6 703.9 7.5 7.5 7.5 332.3 341.0 344.7 183.8 181.7 183.1 141.1 139.9 139.4 324.9 321.6 322.5 Apr. May June 704.3 706.0 708.9 7.5 7.5 7.3 325.8 334.7 339.2 183.4 186.6 182.2 139.9 138.6 136.7 323.4 325.3 318.9 July Aug. Sep. 709.3 712.4 715.4 7.3 7.4 7.4 321.2 331.8 322.4 180.1 183.4 181.0 136.4 136.0 137.3 316.5 319.4 318.3 Oct. p 716.2 7.3 326.7 179.5 138.0 317.5 5 12 19 26 712.9 715.1 715.2 716.4 7.4 7.4 7.4 7.3 323.9 300.0 318.1 332.7 180.8 179.9 181.0 181.1 139.8 137.7 136.7 136.2 320.5 317.5 317.7 317.3 3 10 17 24p 31p 716.4 715.8 715.7 716.6 716.9 7.3 7.3 7.3 7.3 7.3 349.4 315.7 311.4 337.9 336.9 185.8 178.5 176.3 177.4 183.5 137.9 139.5 136.9 136.9 138.8 323.7 318.0 313.3 314.3 322.3 At commercial banks4 Week ending 2005-Sep. Oct. 1. 2. 3. 4. 5. Total 325.1 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 Total At commercial banks At thrift institutions Total Retail money funds3 Total Non-M1 M2 2516.4 877.1 3393.6 527.3 266.7 794.0 751.5 4939.1 July Aug. Sep. 2532.3 2535.6 2560.2 881.1 884.7 893.0 3413.4 3420.3 3453.2 527.9 530.8 534.0 267.0 267.7 267.8 794.8 798.5 801.8 740.0 732.6 727.1 4948.2 4951.4 4982.1 Oct. Nov. Dec. 2593.1 2617.3 2638.4 889.8 888.7 890.9 3482.9 3506.0 3529.3 536.9 540.5 544.1 269.2 269.5 271.2 806.1 810.0 815.3 720.1 714.8 712.6 5009.1 5030.7 5057.2 2005-Jan. Feb. Mar. 2652.6 2659.8 2668.8 893.6 887.1 880.8 3546.1 3546.9 3549.6 551.4 559.0 569.8 275.9 280.6 283.7 827.3 839.6 853.5 711.5 706.3 702.8 5084.9 5092.7 5106.0 Apr. May June 2675.4 2650.5 2670.2 869.4 867.4 866.7 3544.8 3517.9 3536.9 578.8 590.5 601.3 289.9 296.1 301.2 868.8 886.5 902.5 707.0 704.9 701.9 5120.5 5109.3 5141.2 July Aug. Sep. 2691.9 2693.4 2720.1 860.8 861.6 856.5 3552.7 3555.0 3576.6 610.4 617.7 624.6 305.7 312.2 317.5 916.1 929.9 942.0 702.0 698.4 705.9 5170.8 5183.4 5224.5 Oct. p 2737.8 855.7 3593.5 621.2 329.3 950.4 715.1 5259.1 5 12 19 26 2712.4 2729.1 2735.9 2709.1 854.3 851.3 856.4 862.5 3566.8 3580.4 3592.3 3571.6 621.9 623.4 625.1 626.2 314.9 316.4 317.7 318.8 936.8 939.8 942.8 944.9 700.9 703.9 706.3 708.3 5204.5 5224.1 5241.5 5224.8 3 10 17 24p 31p 2709.1 2742.5 2768.1 2732.7 2715.9 859.4 854.0 857.9 855.8 857.1 3568.5 3596.5 3626.0 3588.5 3573.0 623.2 619.6 620.3 621.5 622.2 323.2 328.1 329.1 330.6 332.0 946.4 947.7 949.4 952.1 954.3 710.8 709.8 712.5 718.6 721.2 5225.7 5254.0 5287.9 5259.2 5248.5 Oct. 3. At thrift institutions 2004-June Week ending 2005-Sep. 1. 2. At commercial banks 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 4. At thrift institutions Total RPs3 Eurodollars4 Total Non-M2 M3 1126.3 863.2 133.1 996.3 536.5 327.7 2986.7 July Aug. Sep. 1112.0 1108.5 1104.4 878.8 883.6 886.6 137.6 143.5 148.0 1016.3 1027.1 1034.7 523.5 522.7 524.6 335.7 343.6 354.0 2987.5 3002.0 3017.6 Oct. Nov. Dec. 1081.0 1072.4 1072.7 891.3 892.3 907.1 151.5 155.2 160.0 1042.8 1047.6 1067.1 508.6 502.5 497.3 368.3 372.3 382.6 3000.7 2994.8 3019.8 2005-Jan. Feb. Mar. 1061.2 1044.0 1040.3 958.6 971.9 976.8 166.9 173.5 179.3 1125.5 1145.4 1156.1 470.6 489.6 484.6 396.4 395.7 403.4 3053.7 3074.7 3084.4 Apr. May June 1055.2 1052.4 1069.2 1012.1 1012.8 1036.3 188.7 191.4 197.9 1200.8 1204.2 1234.2 474.8 504.4 499.3 408.5 419.0 429.8 3139.2 3180.0 3232.6 July Aug. Sep. 1078.4 1093.0 1119.4 1025.4 1066.6 1092.6 202.3 208.9 215.5 1227.7 1275.6 1308.1 507.7 517.6 526.9 437.8 438.2 433.9 3251.6 3324.4 3388.3 Oct. p 1126.1 1114.7 223.7 1338.4 537.4 429.0 3430.9 5 12 19 26 1108.8 1117.9 1125.6 1121.0 1096.6 1092.3 1080.4 1094.3 212.7 213.8 215.4 217.6 1309.3 1306.1 1295.9 1311.9 531.1 526.3 518.2 528.8 434.7 436.4 433.0 433.4 3383.9 3386.7 3372.6 3395.1 3 10 17 24p 31p 1121.6 1117.4 1129.2 1129.3 1130.2 1101.4 1116.4 1115.2 1116.6 1117.0 219.3 221.0 222.1 225.8 227.7 1320.6 1337.4 1337.3 1342.4 1344.7 534.9 533.4 535.8 544.5 536.8 431.1 428.2 430.0 425.3 431.8 3408.2 3416.4 3432.3 3441.5 3443.5 Oct. 3. At commercial banks2 2004-June Week ending 2005-Sep. 1. 2. Institutional money funds 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 678.1 7.8 334.6 186.6 July Aug. Sep. 685.7 686.0 687.9 7.8 7.7 7.6 320.9 332.2 333.7 182.8 185.4 183.1 141.5 141.0 137.4 324.4 326.5 320.5 Oct. Nov. Dec. 691.7 697.4 702.4 7.5 7.5 7.5 330.5 340.6 358.8 183.7 185.4 191.7 137.8 139.9 141.0 321.5 325.3 332.7 2005-Jan. Feb. Mar. 697.3 700.7 702.7 7.5 7.5 7.4 331.9 331.1 345.4 190.0 181.1 186.7 136.0 135.2 140.1 326.0 316.3 326.8 Apr. May June 704.0 705.3 708.5 7.4 7.4 7.4 328.7 331.5 340.0 188.1 184.1 182.7 143.6 140.7 139.1 331.7 324.8 321.8 July Aug. Sep. 711.4 712.1 713.9 7.5 7.5 7.4 322.2 329.7 319.1 177.9 181.0 177.5 138.1 137.9 136.6 315.9 319.0 314.0 Oct. p 715.3 7.2 322.6 176.0 136.7 312.6 5 12 19 26 714.4 714.2 713.2 713.3 7.4 7.4 7.4 7.3 312.6 278.9 315.8 353.5 179.0 172.0 176.3 181.3 141.0 134.3 134.0 136.4 320.0 306.3 310.3 317.7 3 10 17 24p 31p 714.0 717.8 715.0 714.5 713.6 7.3 7.3 7.3 7.2 7.2 356.8 285.7 298.4 342.4 358.3 183.8 169.0 170.2 176.8 186.1 143.0 135.2 132.6 135.4 140.6 326.8 304.2 302.8 312.2 326.7 Oct. 4. 5. Total 2004-June Week ending 2005-Sep. 1. 2. 3. At thrift institutions5 141.5 328.1 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 At commercial banks 2522.2 2004-June At commercial banks At thrift institutions Total Total Non-M1 M2 879.1 3401.3 526.4 266.2 792.6 745.3 4939.1 2540.8 2541.6 2570.9 884.0 886.8 896.7 3424.8 3428.4 3467.6 527.1 530.1 533.6 266.5 267.4 267.7 793.6 797.5 801.3 735.5 734.2 725.9 4953.9 4960.1 4994.8 Oct. Nov. Dec. 2597.9 2625.9 2632.8 891.5 891.6 889.0 3489.3 3517.6 3521.9 536.8 541.0 544.6 269.2 269.7 271.4 806.0 810.7 816.0 716.5 713.3 715.2 5011.9 5041.6 5053.1 2005-Jan. Feb. Mar. 2624.4 2631.1 2656.0 884.1 877.5 876.6 3508.5 3508.6 3532.6 552.0 559.7 570.5 276.2 280.9 284.1 828.2 840.6 854.5 714.3 710.6 710.1 5051.1 5059.8 5097.2 Apr. May June 2698.6 2650.8 2677.9 876.9 867.5 869.2 3575.5 3518.3 3547.1 579.3 590.2 600.3 290.2 296.0 300.7 869.5 886.2 901.0 710.0 698.4 696.9 5155.0 5102.9 5145.0 July Aug. Sep. 2706.7 2701.4 2732.3 865.6 864.1 860.3 3572.2 3565.5 3592.6 609.4 616.8 624.0 305.2 311.7 317.1 914.6 928.6 941.1 697.9 700.6 705.5 5184.8 5194.7 5239.3 Oct. p 2742.3 857.1 3599.4 621.0 329.2 950.1 711.4 5260.9 5 12 19 26 2750.0 2793.0 2750.9 2660.1 866.2 871.2 861.1 847.0 3616.2 3664.2 3612.1 3507.1 621.3 622.9 624.4 625.4 314.6 316.1 317.4 318.4 935.9 939.0 941.8 943.8 701.2 706.6 707.4 706.1 5253.3 5309.8 5261.2 5157.0 3 10 17 24p 31p 2689.4 2788.5 2801.1 2706.2 2672.1 853.1 868.3 868.2 847.5 843.3 3542.5 3656.9 3669.3 3553.7 3515.4 622.9 619.6 620.3 621.2 621.9 323.0 328.1 329.0 330.4 331.8 945.9 947.7 949.3 951.6 953.7 704.8 706.1 709.7 715.9 716.6 5193.2 5310.7 5328.3 5221.2 5185.7 Oct. 3. Total July Aug. Sep. Week ending 2005-Sep. 1. 2. At thrift institutions Retail money funds3 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 4. Total 1007.0 At commercial banks 482.8 1115.3 July Aug. Sep. 1097.7 1102.4 1088.2 882.8 884.5 886.2 138.2 143.6 148.0 1021.0 1028.1 1034.2 461.1 463.9 462.4 Oct. Nov. Dec. 1066.8 1075.5 1089.9 886.1 886.8 907.1 150.6 154.3 160.0 1036.7 1041.1 1067.1 2005-Jan. Feb. Mar. 1086.8 1067.1 1052.1 951.1 962.0 972.7 165.6 171.7 178.5 Apr. May June 1046.4 1038.8 1059.0 1014.6 1029.1 1047.0 July Aug. Sep. 1066.2 1087.8 1103.7 Oct. p Oct. 3. At thrift institutions 134.5 2004-June Week ending 2005-Sep. 1. 2. At commercial banks2 872.4 RPs3 At thrift institutions 68.0 Total Eurodollars4 Total Non-M2 M3 550.8 322.6 2995.6 58.1 56.7 57.5 519.2 520.7 519.8 328.5 338.0 348.9 2966.3 2989.2 2991.1 440.1 443.9 437.0 57.3 53.5 56.1 497.4 497.3 493.1 366.3 370.0 377.0 2967.2 2983.9 3027.0 1116.7 1133.7 1151.2 407.8 437.9 437.8 57.8 57.9 54.7 465.6 495.8 492.4 397.6 402.4 413.2 3066.7 3099.1 3108.9 189.2 194.5 200.0 1203.7 1223.6 1247.0 419.1 456.1 459.9 54.5 55.7 53.0 473.6 511.7 512.9 419.0 428.3 422.7 3142.7 3202.4 3241.5 1030.4 1068.3 1091.5 203.3 209.3 215.3 1233.7 1277.6 1306.8 452.7 465.5 474.6 52.1 50.4 49.4 504.8 515.9 524.0 428.2 431.8 428.5 3232.9 3313.1 3363.0 1112.3 1108.5 222.4 1331.0 477.4 50.5 527.9 427.9 3399.0 5 12 19 26 1093.5 1108.0 1112.0 1104.4 1099.3 1094.8 1077.3 1088.8 213.2 214.3 214.8 216.5 1312.4 1309.1 1292.1 1305.4 476.2 474.4 467.9 478.8 48.9 49.3 49.4 50.0 525.1 523.7 517.2 528.7 429.6 430.1 426.8 429.9 3360.6 3370.9 3348.2 3368.4 3 10 17 24p 31p 1092.8 1099.4 1117.1 1122.0 1119.1 1100.8 1117.7 1110.5 1105.6 1104.2 219.1 221.3 221.2 223.6 225.1 1320.0 1339.0 1331.6 1329.2 1329.3 477.2 470.7 473.7 485.1 480.2 49.6 50.7 50.5 49.7 51.4 526.7 521.4 524.2 534.8 531.6 425.0 424.4 426.4 427.6 434.5 3364.6 3384.2 3399.3 3413.5 3414.5 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 U.S. government deposits Demand deposits at commercial banks 1.8 Balance at Federal Reserve 5.7 Note balances at depository institutions1 20.9 101.8 2.1 2.2 2.2 168.7 168.6 168.6 101.8 101.7 101.7 153.6 152.5 151.4 424.1 422.9 421.7 26.8 19.1 22.4 2.3 2.3 2.4 168.4 168.3 168.1 101.6 101.5 101.4 150.8 150.6 150.4 420.8 420.4 419.9 23.0 14.3 21.1 29.9 20.9 27.3 2.4 2.4 2.4 168.2 168.5 168.8 101.3 101.3 101.3 149.6 e 148.3 e 146.9 e 419.1 e 418.1 e 417.1 e 5.2 5.1 5.0 26.5 29.3 24.6 35.1 36.0 31.4 2.3 2.0 1.8 169.0 169.1 169.2 101.5 101.9 102.3 146.2 e 146.2 e 146.2 e 416.8 e 417.2 e 417.7 e 1.4 1.4 1.5 4.8 5.0 5.3 13.7 7.5 28.3 20.0 13.9 35.1 1.7 e 1.7 e 1.7 e 169.4 e 169.5 e 169.7 e 102.5 e 102.5 e 102.5 e 146.2 e 146.2 e 146.2 e 418.0 e 418.2 e 418.4 e 1.4 4.9 18.7 25.1 1.7 e 169.8 e 102.5 e 146.2 e 418.5 e 5 12 19 26 1.4 1.4 1.8 1.5 5.0 4.8 6.2 5.6 2.8 3.2 31.5 58.7 9.1 9.4 39.4 65.8 3 10 17 24p 31p 1.4 1.3 1.7 1.4 1.4 4.9 4.8 4.6 5.0 5.1 36.5 9.6 8.3 24.1 30.8 42.8 15.7 14.6 30.5 37.3 Foreign official institutions Total cash balance 7.4 1.1 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 10.1 3.1 16.7 16.4 9.2 23.9 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 5.0 4.9 5.1 20.3 12.7 15.8 2005-Jan. Feb. Mar. 7.4 7.3 7.3 1.5 1.4 1.3 20.0 19.6 19.2 1.8 1.4 1.4 5.1 5.2 4.7 Apr. May June 7.2 7.1 7.0 1.3 1.3 1.3 19.6 20.9 22.2 3.4 1.6 1.8 July Aug. Sep. 6.9 e 6.9 e 6.9 e 1.3 e 1.3 e 1.3 e 22.8 e 22.8 e 22.8 e Oct. p 6.9 e 1.3 e 22.8 e Oct. Time and savings deposits at commercial banks 2.1 168.4 Foreign commercial banks 2004-June Week ending 2005-Sep. IRA and Keogh Accounts At money market funds 153.8 Date 1. Time and savings deposits due to foreign banks and official institutions 15.4 Source: Daily Treasury statement. e estimated p preliminary Components may not add to totals due to rounding. 28.5 At commercial banks At thrift institutions Total 424.0
@FedFRASER