Full text of H.6 Money Stock Measures : November 4, 2004
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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 November 4, 2004 Date M1 1 M2 2 M3 3 Seasonally adjusted 2002-Oct. Nov. Dec. 1201.8 1204.5 1217.2 5722.7 5767.2 5794.5 8348.3 8479.4 8552.4 2003-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1220.4 1235.1 1240.6 1246.1 1257.7 1271.0 1273.4 1281.5 1281.4 1284.1 1283.4 1293.4 5825.5 5867.3 5891.1 5933.8 5985.1 6026.1 6066.1 6106.6 6083.9 6069.1 6065.8 6062.5 8564.8 8601.9 8633.4 8670.4 8725.2 8774.6 8849.0 8888.6 8879.6 8856.8 8844.4 8845.6 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. 1287.5 1307.0 1326.3 1323.5 1322.6 1335.8 1324.0 1341.1 1344.5 6070.1 6120.3 6167.9 6216.9 6289.6 6299.1 6292.0 6300.8 6330.2 8905.3 8977.9 9068.6 9148.1 9249.0 9279.0 9257.3 9280.6 9311.7 Not seasonally adjusted 2002-Oct. Nov. Dec. 1194.1 1202.7 1242.6 5710.5 5784.0 5833.1 8303.5 8499.0 8616.8 2003-Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 1222.0 1221.5 1240.6 1255.8 1253.7 1271.6 1274.3 1279.0 1274.0 1275.9 1280.8 1319.1 5819.9 5845.1 5905.8 5962.8 5953.1 6009.5 6053.4 6111.8 6083.3 6063.6 6087.1 6102.7 8582.9 8615.2 8673.5 8692.0 8700.6 8764.8 8819.6 8871.4 8841.8 8823.0 8868.1 8904.1 2004-Jan. Feb. Mar. Apr. May June July Aug. Sep. 1288.8 1293.4 1324.8 1332.5 1320.2 1335.9 1325.8 1339.1 1336.3 6061.1 6090.6 6169.4 6242.2 6255.9 6283.4 6288.4 6304.8 6333.9 8911.5 8977.5 9093.6 9167.7 9224.5 9270.1 9239.1 9264.8 9283.2 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 June 2004 TO Sep. 2004 2.6 2.0 1.4 6 Months from Mar. 2004 TO Sep. 2004 2.7 5.3 5.4 12 Months from Sep. 2003 TO Sep. 2004 4.9 4.0 4.9 Thirteen weeks ending October 25 , 2004 from thirteen weeks ending: July 26, 2004 (13 weeks previous) 4.2 1.7 1.0 Apr. 26, 2004 (26 weeks previous) 4.1 5.2 5.2 Oct. 27, 2003 (52 weeks previous) 4.7 3.8 4.7 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 2004-Aug. 2 9 16 23 30 1326.4 1328.0 1329.2 1330.6 1333.0 1324.8 1326.8 1331.7 1336.8 1342.0 1337.1 1317.8 1336.4 1356.0 1357.7 6294.0 6295.2 6294.6 6296.0 6296.3 6293.2 6289.9 6291.9 6298.6 6300.4 6291.8 6282.5 6302.6 6317.5 6299.0 9265.0 9266.3 9265.0 9268.7 9271.5 9260.7 9263.3 9263.5 9269.7 9274.9 9267.9 9250.2 9261.9 9298.6 9288.7 Sep. 6 13 20 27 1334.2 1334.1 1335.0 1335.3 1344.6 1341.1 1339.7 1339.4 1328.3 1322.4 1350.4 1356.6 6297.5 6298.2 6301.6 6305.0 6305.7 6307.4 6312.8 6324.1 6303.8 6309.1 6339.4 6343.9 9273.2 9271.8 9274.8 9276.9 9282.6 9286.0 9291.5 9303.5 9281.1 9275.7 9320.5 9336.5 Oct. 4 11 18p 25p 1337.4 1338.9 1340.2 1342.1 1347.7 1349.5 1345.3 1346.2 1361.2 1329.6 1333.9 1360.0 6308.0 6310.4 6314.6 6319.5 6331.4 6335.9 6338.5 6341.1 6333.0 6327.2 6349.7 6354.6 9280.9 9282.6 9284.1 9286.1 9307.2 9303.5 9293.8 9284.6 9296.2 9260.9 9281.6 9299.6 Not seasonally adjusted 2004-Aug. 2 9 16 23 30 1326.6 1328.1 1329.2 1330.9 1333.3 1329.6 1331.7 1334.1 1334.8 1338.6 1360.2 1301.7 1324.0 1353.3 1375.3 6277.2 6282.0 6285.4 6290.3 6291.9 6283.1 6284.5 6295.7 6306.4 6303.0 6284.6 6319.8 6329.5 6291.5 6271.1 9245.9 9250.5 9251.8 9256.2 9257.8 9238.2 9247.8 9258.4 9265.7 9263.7 9246.8 9285.9 9278.0 9251.9 9238.9 Sep. 6 13 20 27 1334.6 1333.7 1333.7 1333.1 1341.6 1335.4 1331.5 1330.7 1313.9 1299.1 1337.5 1372.1 6295.4 6299.1 6304.4 6308.3 6311.0 6319.1 6332.1 6337.4 6351.8 6361.9 6343.6 6292.1 9258.8 9258.7 9261.6 9262.0 9266.5 9275.3 9286.5 9289.6 9297.1 9313.3 9296.7 9251.2 Oct. 4 11 18p 25p 1334.6 1335.3 1335.8 1336.7 1340.9 1341.7 1337.5 1334.9 1354.9 1302.2 1320.7 1361.7 6310.5 6313.4 6319.6 6324.8 6335.2 6332.8 6338.0 6344.2 6343.0 6352.3 6364.4 6317.1 9263.8 9265.7 9269.0 9270.7 9281.3 9270.8 9266.4 9264.9 9263.9 9271.4 9279.1 9245.1 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-May June 644.6 646.4 7.6 7.6 314.7 321.8 159.7 163.0 At thrift institutions 5 131.1 132.2 July Aug. Sep. 648.0 650.8 654.1 7.6 7.6 7.6 319.1 320.9 313.4 164.4 166.3 169.0 134.5 135.9 137.2 298.8 302.2 306.3 Oct. Nov. Dec. 658.3 661.3 663.9 7.7 7.7 7.7 312.2 308.6 312.6 168.9 170.3 173.2 137.1 135.5 136.0 305.9 305.8 309.2 2004-Jan. Feb. Mar. 664.9 665.8 666.8 7.8 7.8 7.8 301.8 314.3 327.1 176.4 181.3 185.3 136.6 137.8 139.2 313.0 319.1 324.5 Apr. May June 668.7 671.8 676.7 7.8 7.8 7.7 323.8 318.9 322.7 183.8 183.5 187.4 139.3 140.6 141.3 323.1 324.1 328.7 July Aug. Sep. 684.8 687.7 691.7 7.6 7.6 7.6 306.3 318.4 323.7 184.5 188.8 184.7 140.9 138.6 136.9 325.4 327.4 321.6 689.0 7.6 331.6 193.1 136.4 329.5 At commercial banks4 Week ending 2004-Aug. 30 1. 2. 3. 4. 5. Total 290.8 295.2 Sep. 6 13 20 27 691.1 691.4 691.3 692.1 7.6 7.6 7.6 7.6 309.5 307.1 332.5 331.1 182.9 181.9 184.3 187.6 137.2 134.5 134.7 138.3 320.1 316.3 319.0 325.9 Oct. 4 11 18p 25p 692.6 692.9 693.4 695.0 7.5 7.5 e 7.5 e 7.5 e 330.9 309.0 311.1 329.9 186.3 182.5 185.5 190.0 143.8 137.7 136.5 137.4 330.1 320.2 321.9 327.5 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-May June 2189.9 2221.7 794.0 800.0 2983.9 3021.6 570.1 565.9 291.1 287.9 861.2 853.8 882.4 879.7 4727.5 4755.1 July Aug. Sep. 2269.6 2302.5 2291.3 812.6 826.2 834.3 3082.3 3128.7 3125.6 557.6 550.7 545.5 285.0 281.7 279.4 842.7 832.4 824.8 867.8 864.0 852.1 4792.7 4825.1 4802.5 Oct. Nov. Dec. 2301.2 2321.8 2328.0 840.0 834.4 830.4 3141.2 3156.2 3158.4 541.8 538.2 536.4 277.0 274.7 272.8 818.9 812.9 809.1 824.9 813.3 801.5 4785.0 4782.4 4769.1 2004-Jan. Feb. Mar. 2363.2 2397.3 2424.9 826.8 837.0 853.7 3190.0 3234.3 3278.6 534.7 533.3 531.2 271.9 271.4 271.1 806.6 804.6 802.3 786.1 774.4 760.7 4782.7 4813.3 4841.6 Apr. May June 2477.1 2530.5 2528.0 863.5 880.5 887.0 3340.6 3411.0 3414.9 528.8 526.7 525.6 269.0 264.8 262.7 797.9 791.6 788.3 754.9 764.5 760.1 4893.4 4967.1 4963.3 July Aug. Sep. 2541.6 2537.9 2559.5 890.8 891.7 898.9 3432.4 3429.5 3458.3 527.1 529.5 532.8 262.7 263.1 263.1 789.7 792.6 795.9 745.9 737.5 731.4 4968.0 4959.6 4985.7 2515.2 896.0 3411.2 530.4 263.3 793.7 736.5 4941.3 Week ending 2004-Aug. 30 1. 2. At thrift institutions Sep. 6 13 20 27 2554.7 2564.7 2562.2 2552.1 893.8 893.8 899.6 907.1 3448.5 3458.4 3461.8 3459.2 532.0 532.4 533.2 533.2 263.1 263.0 263.1 263.2 795.1 795.4 796.3 796.4 731.8 732.8 730.9 731.7 4975.5 4986.6 4989.0 4987.3 Oct. 4 11 18p 25p 2560.9 2589.4 2605.3 2580.8 885.9 890.6 897.5 898.1 3446.9 3480.0 3502.8 3479.0 533.1 532.6 532.7 534.1 263.5 263.8 264.2 264.5 796.6 796.4 796.8 798.6 728.3 721.2 716.1 717.1 4971.8 4997.6 5015.8 4994.7 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-May June 1153.9 1155.0 696.4 695.3 117.3 118.5 813.6 813.7 511.3 517.2 261.3 262.5 2740.1 2748.5 July Aug. Sep. 1193.8 1174.7 1175.6 699.6 707.6 715.4 121.5 123.0 122.5 821.1 830.6 837.9 498.2 497.6 502.1 269.8 279.1 280.1 2782.8 2782.0 2795.7 Oct. Nov. Dec. 1154.1 1131.7 1113.2 713.3 726.0 747.7 122.1 121.2 120.2 835.5 847.2 867.9 511.4 513.3 513.4 286.8 286.4 288.7 2787.8 2778.6 2783.1 2004-Jan. Feb. Mar. 1116.4 1104.0 1112.7 780.6 783.8 804.1 121.0 121.6 124.0 901.6 905.4 928.1 515.1 536.3 539.3 302.1 311.9 320.5 2835.2 2857.6 2900.7 Apr. May June 1121.6 1119.6 1112.9 829.1 844.7 856.6 127.8 131.8 131.7 956.9 976.5 988.2 523.0 535.5 556.4 329.7 327.7 322.4 2931.3 2959.4 2979.9 July Aug. Sep. 1096.2 1098.9 1088.0 870.6 871.5 871.8 135.7 141.1 144.8 1006.3 1012.6 1016.6 538.4 543.9 551.4 324.4 324.4 325.5 2965.3 2979.8 2981.4 1085.6 885.4 143.9 1029.3 550.5 324.3 2989.7 Week ending 2004-Aug. 30 1. 2. Institutional money funds Sep. 6 13 20 27 1084.7 1089.1 1084.1 1083.9 882.2 861.7 869.8 875.3 144.8 144.5 145.1 145.0 1027.0 1006.2 1014.9 1020.3 539.3 544.1 555.8 565.1 326.4 327.2 326.5 323.3 2977.3 2966.6 2981.2 2992.6 Oct. 4 11 18p 25p 1075.6 1052.9 1052.8 1050.0 870.7 875.1 884.7 887.6 144.0 145.0 147.2 148.7 1014.7 1020.2 1031.9 1036.4 550.8 532.1 517.5 520.1 322.1 328.6 329.6 338.4 2963.3 2933.8 2931.9 2944.9 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-May June 646.5 647.7 7.5 7.7 310.3 321.1 157.5 161.8 July Aug. Sep. 648.7 650.4 650.8 7.8 7.8 7.7 320.2 321.0 311.9 162.7 163.1 166.7 134.9 136.7 136.9 297.6 299.8 303.7 Oct. Nov. Dec. 655.7 660.2 667.0 7.6 7.6 7.6 309.9 310.4 328.4 167.0 166.6 179.8 135.6 135.9 136.2 302.6 302.6 316.1 2004-Jan. Feb. Mar. 662.7 665.9 667.6 7.7 7.8 7.8 302.3 306.0 323.3 183.2 179.7 186.7 132.9 133.9 139.5 316.0 313.6 326.2 Apr. May June 670.3 674.0 678.3 7.7 7.7 7.8 323.5 316.2 321.5 187.4 180.5 186.2 143.6 141.9 142.2 331.0 322.4 328.4 July Aug. Sep. 686.0 686.3 688.2 7.8 7.7 7.6 307.9 319.3 321.0 182.7 185.3 182.9 141.4 140.4 136.6 324.1 325.7 319.5 685.0 7.7 349.5 193.9 139.2 333.1 Week ending 2004-Aug. 30 1. 2. 3. At thrift institutions 5 131.9 133.3 289.4 295.1 Sep. 6 13 20 27 690.1 688.3 687.5 687.1 7.7 7.6 7.6 7.6 297.0 292.9 325.5 351.1 180.3 176.4 182.4 188.9 138.8 133.8 134.5 137.5 319.1 310.3 316.9 326.4 Oct. 4 11 18p 25p 689.6 692.9 691.5 691.6 7.6 7.5 e 7.5 e 7.5 e 330.2 290.5 306.8 336.9 185.8 176.4 181.2 189.0 141.7 134.9 133.8 136.8 327.5 311.3 315.0 325.8 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 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 2177.7 2217.7 2003-May June 3. Total At commercial banks At thrift institutions Total Total Non-M1 M2 789.6 798.5 2967.2 3016.3 570.0 565.7 291.0 287.8 861.0 853.5 871.1 868.1 4699.4 4737.9 July Aug. Sep. 2264.5 2308.4 2298.9 810.8 828.3 837.0 3075.2 3136.7 3135.9 557.4 550.6 545.4 284.9 281.7 279.3 842.3 832.3 824.7 861.5 863.8 848.6 4779.1 4832.8 4809.3 Oct. Nov. Dec. 2303.5 2338.9 2337.5 840.9 840.6 833.8 3144.4 3179.5 3171.4 541.9 538.6 536.5 277.1 275.0 272.8 819.0 813.5 809.3 824.3 813.3 802.9 4787.7 4806.3 4783.6 2004-Jan. Feb. Mar. 2353.1 2381.0 2419.5 823.2 831.3 851.8 3176.3 3212.2 3271.2 534.8 533.1 531.0 271.9 271.3 271.0 806.7 804.4 802.0 789.3 780.5 771.4 4772.3 4797.2 4844.6 Apr. May June 2485.2 2514.5 2523.0 866.3 875.0 885.2 3351.6 3389.5 3408.3 528.8 526.9 525.8 269.0 264.9 262.8 797.8 791.9 788.6 760.3 754.4 750.5 4909.7 4935.7 4947.4 July Aug. Sep. 2541.0 2541.5 2569.9 890.6 892.9 902.6 3431.6 3434.4 3472.5 527.0 529.3 532.6 262.7 263.0 263.0 789.7 792.4 795.6 741.3 738.9 729.5 4962.6 4965.7 4997.6 2481.7 884.1 3365.8 530.2 263.2 793.4 736.6 4895.8 Week ending 2004-Aug. 30 1. 2. At thrift institutions Retail money funds3 Sep. 6 13 20 27 2602.3 2620.6 2575.9 2505.9 910.4 913.3 904.4 890.7 3512.8 3533.8 3480.4 3396.7 532.0 532.3 532.8 532.8 263.1 263.0 262.9 262.9 795.0 795.3 795.7 795.7 730.1 733.7 730.0 727.6 5037.9 5062.8 5006.1 4920.0 Oct. 4 11 18p 25p 2578.1 2628.6 2624.0 2550.2 891.9 904.1 904.0 887.5 3470.0 3532.7 3528.0 3437.6 533.0 532.9 532.7 533.8 263.5 263.9 264.1 264.4 796.5 796.8 796.8 798.2 721.6 720.6 718.9 719.6 4988.1 5050.1 5043.7 4955.4 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 118.4 119.3 Total At commercial banks 475.9 480.1 2003-May June 1136.4 1146.6 July Aug. Sep. 1179.7 1161.0 1154.1 700.4 706.7 715.9 121.6 122.8 122.6 822.0 829.5 838.5 445.0 437.7 435.5 Oct. Nov. Dec. 1139.6 1141.9 1139.7 713.7 724.7 745.7 122.2 121.0 119.8 835.9 845.7 865.5 2004-Jan. Feb. Mar. 1143.0 1127.9 1123.5 773.3 780.5 804.2 119.9 121.1 124.0 Apr. May June 1106.7 1101.2 1104.1 828.8 852.8 861.5 July Aug. Sep. 1084.8 1087.8 1071.6 Week ending 2004-Aug. 30 1. 2. At commercial banks2 703.0 699.8 RPs3 At thrift institutions 49.1 49.4 Total Eurodollars4 Total Non-M2 M3 525.0 529.5 264.6 260.2 2747.5 2755.3 53.9 56.3 53.7 498.9 494.0 489.2 265.6 275.2 276.7 2766.2 2759.6 2758.5 438.6 447.4 439.1 60.2 58.4 67.8 498.8 505.9 507.0 285.2 287.6 289.2 2759.5 2781.0 2801.4 893.2 901.5 928.2 441.6 475.1 483.1 69.7 67.4 65.3 511.3 542.5 548.5 302.9 315.1 324.0 2850.4 2887.0 2924.2 127.7 133.1 132.5 956.5 985.9 994.0 463.1 483.1 500.5 66.1 67.5 68.9 529.2 550.6 569.4 333.0 330.8 319.3 2925.5 2968.6 2986.7 871.5 871.0 873.2 135.8 141.0 145.0 1007.3 1012.0 1018.2 479.6 481.5 478.5 59.1 57.8 58.8 538.6 539.3 537.3 320.0 320.9 322.2 2950.7 2960.0 2949.4 1081.0 879.3 143.0 1022.3 480.1 59.7 539.8 324.6 2967.7 821.4 819.0 Sep. 6 13 20 27 1069.4 1084.1 1072.7 1069.5 882.3 866.1 869.7 874.3 144.8 145.2 145.1 144.8 1027.2 1011.4 1014.8 1019.1 468.3 475.8 484.8 487.7 58.4 57.1 58.3 60.4 526.7 532.9 543.1 548.1 322.1 323.1 322.5 322.4 2945.3 2951.4 2953.1 2959.1 Oct. 4 11 18p 25p 1049.0 1046.1 1048.0 1046.8 876.8 884.0 884.7 884.3 145.0 146.5 147.2 148.2 1021.9 1030.5 1031.9 1032.5 469.4 455.8 448.5 451.3 60.8 59.9 57.7 58.0 530.2 515.7 506.2 509.2 319.7 326.8 328.6 339.4 2920.9 2919.1 2914.7 2928.0 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 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 1.3 2.4 Balance at Federal Reserve 6.7 6.7 Note balances at depository institutions1 6.0 12.4 101.5 101.9 24.1 18.3 12.5 167.8 167.7 167.6 102.2 102.4 102.5 174.9 174.0 173.0 445.0 444.0 443.1 18.5 16.8 23.9 8.2 5.9 3.7 167.3 166.8 166.3 102.5 102.3 102.0 170.8 167.0 163.1 440.6 436.1 431.5 24.3 15.8 14.3 31.9 22.6 21.3 2.4 2.2 2.0 166.1 166.2 166.3 101.6 101.7 101.8 160.2 158.4 156.7 427.9 426.4 424.8 6.0 5.4 5.7 16.3 13.4 20.9 25.1 20.3 28.5 1.9 2.0 2.1 166.8 167.5 168.3 101.9 101.9 101.9 155.0 e 153.5 e 152.0 e 423.6 e 422.9 e 422.2 e 1.4 1.3 1.6 5.0 4.8 5.6 10.1 3.1 16.7 16.4 9.2 23.9 2.1 e 2.1 e 2.1 e 168.9 e 169.2 e 169.5 e 101.9 e 102.1 e 102.3 e 151.2 e 151.2 e 151.2 e 422.0 e 422.4 e 422.9 e 1.3 5.2 1.4 7.9 1.1 1.2 July Aug. Sep. 7.5 7.1 6.7 1.2 1.2 1.3 17.7 19.0 20.2 1.4 1.5 1.8 6.2 5.6 6.2 13.5 6.4 18.2 21.1 13.5 26.2 Oct. Nov. Dec. 6.6 7.2 7.7 1.1 1.0 1.0 20.0 17.9 15.7 1.5 1.6 1.7 4.9 5.1 5.3 12.1 10.1 16.9 2004-Jan. Feb. Mar. 7.9 7.6 7.3 1.0 1.1 1.1 13.6 13.7 13.8 2.0 1.6 1.6 5.6 5.3 5.4 Apr. May June 7.2 7.3 7.4 1.2 1.2 1.1 14.4 15.6 16.8 2.7 1.6 1.8 July Aug. Sep. 7.4 e 7.4 e 7.4 e 1.1 e 1.1 e 1.1 e 17.4 e 17.4 e 17.4 e 13.9 21.6 Sep. 6 13 20 27 1.2 1.5 2.5 1.3 4.9 4.7 7.1 5.5 1.4 1.8 22.1 33.1 7.5 8.0 31.7 40.0 Oct. 4 11 18p 25p 1.4 1.3 1.8 1.4 5.1 4.8 5.1 5.1 21.1 8.9 17.3 27.5 27.6 14.9 24.2 34.0 e estimated p preliminary Components may not add to totals due to rounding. Time and savings deposits at commercial banks 23.5 26.6 167.5 167.8 7.5 7.8 Source: Daily Treasury statement. IRA and Keogh Accounts At money market funds 178.7 176.4 Total cash balance 2003-May June Week ending 2004-Aug. 30 1. Time and savings deposits due to foreign banks and official institutions 18.0 17.5 At commercial banks At thrift institutions Total 447.7 446.2