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FEDERAL RESERVE statistical release ,, ..................... .... .. For rotease at 4 30 p m Eastern Time September 27,2001 H.6 (508) NOTICE Because of disruptions associated with the terrorist attacks of September 11,2001, weekly average M2 rose a record amount in the week ending September 17,2001. The increase is concentrated in demand deposits (pages 4 and 7) and, to a lesser extent, savings deposits (pages 5 and 8). The increase is expected to be temporary. Money stock data are subject to revision. In light of the disruptions, data may be subject to larger revisions than usual. FEDERAL RESERVE statistical release H.6 (508) Table 1 MONEY STOCK AND DEBT MEASURES For release at 4:30 p.m. Eastern Time Billions of dollars Date September 27. 2001 M11 M22 M33 DEBT4 Seasonally adjusted 1 9 99 -S ep. Oct. Nov. Dec. 1093.4 1097.0 1107.4 1124.8 4578.4 4599.7 4625.9 4653.3 6303.2 6357.5 6443.3 6527.9 17098.1 17178.8 17 23 9. 4 17335.2 2 0 0 0 -J a n . Fe b . Mar. Apr. May J une July Au g. Sep. Oct. Nov. De c . 1123.3 1109.2 1113.7 1117.9 1106.7 1105.3 1103.4 1099.4 1096.0 1096.1 1087.2 1088.2 4675.5 4690.9 4721.5 4759.7 4766.6 4787.8 4807.9 4838.0 4870.0 4891.4 4906.8 4945.1 6569.7 6602.9 6673.7 6725.1 6757.3 6807.6 6857.5 6917.7 6971.4 6995.7 7023.7 7108.4 17407.9 17465.9 17576.2 17676.4 17753.2 17834.6 17900.6 17 96 2. 7 18041.1 18090.6 18166.6 18249.9 2 0 0 1 -J a n . 1099.5 Feb. 1 1 0 0 .2 1 1 1 2 .8 4995.2 5040.3 5100.7 5146.3 5170.7 5214.2 5252.6 5284.9 7210.1 7281.7 7351.9 7468.7 7555.8 7637.3 7677.8 7671.4 18300.3 18380.7 18474.2 18552.4 18651.0 18747.1 18796.2 Mar . Apr. May June July Au g. 1117.6 1116.9 1122.8 1135.5 1143.0 p Not seasonally adjusted 1 9 99 -S ep. Oct. Nov. De c . 1086.3 1095.3 1113.3 1148.3 4561.7 4582.5 4620.8 4677.3 6264 . 1 6326.7 6442.3 6565.4 17027.8 17114.4 17208.5 17328.0 2 0 0 0 -J a n . Fe b . Mar. Apr. May June July Au g. Se p. Oct. Nov. Dec. 1126.4 1096.8 1108.1 1124.9 1100.4 1102.6 1103.9 1095.8 1090.5 1093.5 1093.3 1112.4 4686.8 4687.8 4748.8 4817.4 4743.8 4769.2 4787.6 4820.0 4855.2 4868.9 4899.0 4973.7 6596.4 6627.4 6723.2 6783.7 6739.0 6782.0 6812.1 6880.6 6929.5 6953.6 7019.3 7153.4 17401.4 17452.0 17564.9 17642.0 17686.7 17763.1 17821.7 17887.2 17967.8 18027.4 18134.0 18239.4 2 0 0 1 -J a n . Fe b. Mar. Apr. May June July Aug. 1099.7 1087.7 1107.5 1122.8 1111.0 1122.2 1135.4 1140.2 5004.5 5039.1 5135.2 5210.3 5146.6 5196.9 5226.2 5264.3 7240.4 7316.8 7414.3 7531.4 7531.8 7607.3 7619.4 7629.4 Footnotes appear on the following page p preliminary Components may not add to totals due to rounding. 18295.9 18370.9 18464.5 18512.7 18571.5 18662 . 5 18707.3 p Page 2 H.6 (508) Table 2 MONEY STOCK AND DEBT MEASURES Percent change at seasonally adjusted annual rates M1 M2 M3 DEBT’ 3 Months f rom May 2001 TO A u g . 2001 9.3 8.8 6.1 5.3 6 Months from F e b . 2001 TO A u g . 2001 7.8 9.7 10.7 5.4 12 Months from A u g . 2000 TO A u g . 2001 4.0 9.2 10.9 5.0 10.8 9.4 8.9 T h i r t e e n we e k s e n d i n g Se pt e mb e r 17 , from t h i r t e e n w e e k s e n d i n g : June 1 8 , 2 0 0 1 ( 1 3 w e e k s p r e v i o u s ) 2 001 Mar . 19, 2001 (26 weeks p r e v i o u s) 8.5 10.4 12.3 Sep. 18, 2000 (52 weeks p r ev i o u s) 4.3 9.4 11.5 Growth rates tor debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, April 2001 to July 2001, January 2001 to July 2001, and July 2 0 0 0 to Ju ly 2 0 0 1 , re s p e c tiv e ly . _______________ ________________________________________________________________________ __ __________________________________ Footnotes to Table 1: 1 ? o 4 Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand deDosits 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 Drocess of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts and demand deposits at thrift institutions. Seasonally adjusted M1 is calculated by summing currency travelers checks demand deposits, and OCDs, each seasonally adjusted separately. Consists’of M1 dIus savinq’s deposits (including money market deposit accounts), small-denomination time deposits (time deposits— including retail RPs— in amounts of less than £ 1 00 000) 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 o ^ , mtpH Qpn^rfltfilv and addinci this result to seasonally adjusted M1. Ponsists Of M2 nluslarae-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overnight and term) issued by all d e n o s ito rv 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 K in n d n m and C a n a d a ’ 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 r v h t * T0heed eb tna a a r e a a te f s the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including government^ nn nsn rp d e n te rp ris e s or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial rnrnnraiP a n d n o n fa rm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans, rnmmprrial n a n e r a n d 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 heen s m o o th e d into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the debt d a ta in this re le a s e d iffer, 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 c red it m a rk e t d eb t a re measured on a quarter-end basis and contain discontinuities. Mote Piirrent 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 lannarw i QM3 and wpeklv data are available back to January 1975 for most series. For information about individual copies or subscriptions, contact Publications Services a ? th e F e d e ra l’ R e s e rv e B o ard (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 Seasonally adjusted M1 Period ending M2 M3 13-week average 4-w eek average week average 13-w eek average 4-w eek average w eek average 13-w eek average 4-w eek average w eek average 2 0 0 1 - Ju n e 25 1118.5 1123.1 1123.8 5171.1 5210.1 5219.6 7540.9 7630.2 7638.0 July 2 9 16 23 30 1119.3 1120.7 1121.9 1123.4 1124.7 1123.5 1125.9 1128.1 1132.4 1134.7 1134.9 1120.3 1133.5 1140.7 1144.3 5179.2 5186.9 5194.4 5202.1 5211.5 5220.4 5229.7 5236.8 5245.8 5251.9 5238.4 5233.7 5255.4 5255.5 5263.1 7559.2 7576.8 7593.0 7609.1 7622.6 7645.8 7656.7 7665.4 7677.4 7676.7 7678.7 7659.4 7685.5 7686.0 7675.8 Aug. 6 13 20 27 1127.0 1129.0 1130.7 1132.6 1139.3 1138.3 1138.7 1139.5 1138.5 1129.5 1142.6 1147.3 5220.7 5229.8 5238.2 5247.5 5261.9 5267.4 5275.6 5282.6 5273.6 5277.5 5288.1 5291.3 7636.0 7646.9 7652.9 7659.6 7680.4 7676.4 7667.2 7667.3 7674.4 7669.5 7649.2 7676.1 Sep. 3 lOp 17p 1135.7 1137.9 1147.9 1148.2 1150.7 1178.6 1173.3 1139.4 1254.2 5255.3 5264.5 5284.0 5289.2 5298.7 5346.7 5299.9 5315.5 5480.0 7666.4 7673.0 7689.5 7674.7 7682.8 7736.9 7704.0 7701.7 7865.8 Not seasonally adjusted 2001-June 25 1118.0 1120.1 1121.8 5183.1 5196.1 5160.1 7550.4 7609.4 7559.2 July 2 9 16 23 30 1118.9 1120.3 1120.4 1120.9 1122.4 1124.7 1129.1 1130.4 1133.5 1133.2 1150.2 1123.2 1126.2 1134.4 1149.0 5184.7 5185.5 5183.8 5183.8 5189.2 5195.3 5204.1 5210.6 5222.9 5224.6 5199.8 5243.0 5239.5 5209.1 5206.6 7559.2 7566.4 7570.6 7577.5 7585.6 7604.4 7604.2 7607.9 7620.7 7617.8 7600.1 7631.4 7640.7 7610.6 7588.6 6 1125.0 1127.1 1129.2 1131.5 1135.8 1135.0 1136.6 1136.7 1133.4 1123.1 1140.8 1149.3 5198.0 5207.2 5216.5 5225.7 5231.1 5238.4 5252.8 5262.9 5269.0 5269.0 5266.5 5247.2 7596.7 7606.2 7611.4 7616.5 7619.7 7620.2 7619.1 7626.4 7638.7 7642.9 7606.1 7617.7 1134.9 1137.0 1146.5 1147 .2 1149.8 1175.6 1175.5 1133.5 1244.2 5232.6 5242.3 5262.7 5268.9 5285.0 5338.0 5292.8 5333.4 5478.6 7620.5 7625.4 7641.8 7634.8 7648.0 7706.3 7672.3 7695.8 7839.5 Aug. 13 20 27 Sep. 3 1 0p 17 p Note: S p e cia l c a u tio n 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 At commercial banks4 At thrift institutions5 Total 2000-Apr. May June 516.7 518.7 520.9 8.1 8.3 8.8 344.0 336.5 333.5 140.4 135.8 134.3 108.7 107.3 107.7 249 .1 243 .2 242.0 July Aug, Sep. 522.4 52 3 . 5 524.7 9.3 9.3 8.9 332.0 326.1 323.2 132.0 133.3 132.3 107.6 107.2 106.9 239 .6 240.5 239.2 Oct. Nov. Dec. 526.3 527.6 529.9 8.4 8.0 8.0 321.4 313.5 311.3 134.7 133.2 134.7 105.5 104.9 104.3 240.1 238.1 239.0 2001-Jan. Feb. Mar. 534 . 5 537.7 539.8 8.1 8.0 7.9 315.0 313.1 316.1 136.7 133.2 136.1 105.2 108.3 113.0 241.9 241.5 249.1 Apr. May June 542.4 545.8 548.1 7.8 8.0 8.2 312.4 311.7 310.0 139.6 137.0 137.4 115.4 114.5 119.1 255.0 251.5 256.5 July Aug. 553.7 562.4 8.6 8.8 312.7 314.4 140.0 136.6 120.4 120.9 260 . 4 257.5 23 30 555.0 557.3 8.7 8.9 315.2 317.5 143.8 143.4 118.0 117.1 261.7 260.5 Aug. 6 13 20 27 559.5 560.8 562.4 564.6 9.0 8.9 8.8 8.7 313.6 306.5 314.0 315.5 132.0 130.9 137.0 141.5 124.4 122.3 120.4 116.9 256.4 253.3 257 .4 258.4 Sep. 3 lOp 17p 565.6 565.4 567 . 9 8.5 8.5 8.5 331.2 310.2 421.5 144.9 133.3 134.0 123.1 122.0 122.3 268.1 255.3 256.2 Week e n d i n a 2001-J u l y e • tim iU a ft# itiAno 1. 2. 3. 4. 5. .. — • w i . iw im w w w h i v iw iiiu iiu u c p u g u o . government and foreign banks and official D e m a n d d e p o s its at commercial banks ana Toreign-reidieu m&muuuiw u a.. iv momum/no, mo inQtiti itinnc; ipqs cash ite m s in the process of collection and Federal Reserve float. C o n s is ts of N O W a n d ATS balances at commercial banks, U.S. branches and agencies of foreign banks and Edge Act corporations. C o n s is ts of N O W and ATS balances at thrifts, credit union share draft balances, and demand deposits at thnfts. e e stim a te d P preliminary C o m p o n e n ts m ay not add to totals due to rounding. • • • • • • • • • • • • • • • H.6 (508) Table 5 • • • • • • • * P a 9® 5 SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars Savings deposits1 Date At thrift institutions Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 2000-Apr. May Ju n e 1320.0 1322.2 1331.4 446.8 452.5 452.1 1766.8 1774.7 1783.5 661.6 666.8 676.0 3 2 5 <9 327.5 329.6 987.4 994.3 1005.6 887.5 890.9 893.5 3641.7 3659.9 3682.5 July Aug. Sep. 1345.3 1362.1 1383.6 452.4 454.8 454.8 1797.7 1816.9 1838.4 681.3 686.4 689.2 333.0 337.0 339.5 1014.3 1023.4 1028.8 892.6 898.3 906.8 3704 . 5 3738.6 3774.0 Oct. Nov. Dec. 1389.3 1402.7 1421.7 456.4 455.0 451.9 1845.7 1857.7 1873.5 691.5 694.5 699.5 342.2 344.8 346.6 1033.6 1039.3 1046.2 916.0 922.6 937.2 3795.3 3819.6 3856.9 20 01-J a n . Feb. Mar. 1438.0 1467.6 1491.7 452.0 462.1 471.2 1890.0 1929.7 1962.9 702.7 699.9 695.8 349.8 350.4 349.3 1052.5 1050.3 1045.1 953.2 960.1 979.8 3895.7 3940.1 3987.9 Apr. May June 1517.2 1540.2 1564.6 475.4 488.3 498.4 1992.6 2028.5 2063.0 691.0 686.6 680.6 350.5 353.8 353.1 1041.5 1040.4 1033.7 994.6 984.8 994.7 4028.7 4053.7 4091.4 July Aug. 1580.6 1612.8 508.0 518.5 2088.7 2131.3 671.9 666.4 350.2 346.6 1022.1 1013.0 1006.4 997.6 4117.1 4141.9 23 30 1574.7 1579.0 510.8 514.6 2085.5 2093.5 670.7 669.4 349.5 348.5 1020.2 1017.9 1009.1 1007.3 4114.8 4118.8 Aug. 6 13 20 27 1611.1 1619.0 1617.5 1610.9 511.1 515.9 520.0 524.3 2122.2 2134.9 2137.5 2135.2 668.8 667.6 666.2 665.0 347.5 346.9 346.5 346.1 1016.3 1014.5 1012.7 1011.1 996.5 998.6 995.3 997.7 4135.0 4148.0 4145.5 4144.1 Sep. 3 lOp 17p 1596.0 1646.4 1687.1 519.8 523.7 529.9 2115.8 2170.1 2217.0 663.5 662.7 660.4 345.6 345.2 344.6 1009.1 1007.9 1005.0 1001.7 998.0 1003.8 4126.5 4176.1 4225.8 Wee k e n d i n a 2001-Ju ly 1. 2. At commercial banks Small-denomination time deposits2 S a vin g s d e p o s its in clu d e money market deposit accounts. S m a ll-d e n o m in a tio n tim e deposits— including retail RPs— are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and th rifts are s u b tra c te d from small time deposits. p preliminary Components may not add to totals due to rounding. 1 Page 6 H.6 (508) Table 6 SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT Billions of dollars Institutional money funds Date 5 At commercial banks2 At thrift institutions Debt components5 Eurodollars4 Total Total Non-M2 M 3 Federal Non-Federal 662.1 673 .0 683.9 677.7 680.8 690.6 94.1 93.7 95.5 771.8 774.5 786.1 344.5 352.4 359.3 187.1 190.8 190.6 1965.4 1990.7 2019.8 3600.0 3546.3 3521.9 14076.4 14206.9 14312.7 July Aug. Sep. 705.9 721.7 738.9 696.1 707 .2 704.8 98.0 100.1 101.6 794.1 807.3 806.4 362.4 361.1 363.6 187.2 189.6 192.5 2049.6 2079.6 2101.4 3510.8 3488.8 3474.4 14389.9 14473.9 14566.7 Oct. N ov. Dec. 745.4 753 .6 769.3 699.3 703.5 726.5 103.3 103.7 103.2 802.6 807.2 829.7 364.3 361.2 367.2 191.9 194.9 197.1 2104.3 2116.9 2163.2 3445.1 3418.9 3400.4 14645.5 14747.7 14849.5 2001-Ja n. Feb. Mar. 802 . 3 860.2 889.4 740.3 704.9 677.3 106.1 106.7 106.9 846.4 811.5 784.2 364.9 356.8 351.6 201.3 212.9 226.1 2214.9 2241.3 2251.2 3380.7 3372.9 3376.8 14919.6 15007.8 15097.4 Apr. May J u ne 921.0 972.7 1008.5 698.3 706.4 712.0 108.8 110.7 109.9 807.1 817.1 821.9 374.2 377.5 378.0 220.0 217.8 214.7 2322.4 2385.1 2423.0 3349.2 3305.9 3313.7 15203.2 15345.1 15433.3 July Aug. 1015.3 99 7 . 6 705.0 687.6 111.7 114.4 816.7 802.1 374.1 370.3 219.2 216.5 2425.2 2386.5 3327.7 23 30 1022.7 1010.8 695.3 696.0 111.8 112.9 807.1 808.9 378.3 375.6 222.4 217.4 2430.5 2412.8 Aug • 6 13 20 27 992.1 995.2 981.3 1008.2 696.0 690.5 682.9 682.8 113.5 114.0 114.6 115.1 809.5 804.5 797.6 797.9 380.4 374.4 366.7 366.4 218.8 217.9 215.5 212.3 2400.8 2392.0 2361.0 2384.8 Sep. 3 10 p 17p 1020.1 1004 .7 1008.8 688.0 691.4 682.8 115.1 115.3 115.4 803.1 806.7 798.2 361.4 358.1 357.6 219.5 216.7 221.3 2404.1 2386.2 2385.8 1. 3. 4. RPs3 2000-Apr. May June Wee k e n d i n a 2001-J u l y 2 Large-denomination time deposits1 a w a p 15468.5 Ii L a rg e -d e n o m in a tio n tim e deposits at commercial banks less inose neia Dy m o n e y m<*nvei mutual lunus, uepusuury msmuuons, u .o . governm and foreign banks and nwominhfanri^prm RPs of $100 000 or more issued by depository institutions, excluding those held by depository institutions and by money funds. O v e rn ig h t a n d 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, excludina those held by depository institutions and by money funds. D e b t d a ta a re on a m o n th ly average basis, derived b y averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities. p preliminary Components may not add to totals due to rounding. p Page 7 H.6 (508) Table 7 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars Date Currency1 Travelers checks2 Other checkable deposits Demand deposits3 At commercial banks4 At thrift institutions5 Total 2000-Apr. May June 517.4 518.7 521.0 8.3 8.4 8.7 345.2 331.0 331.1 143.1 135.6 134.3 110.9 106.7 107.6 2 54 . 0 24 2 . 3 241.9 July Aug. Sep. 523.1 522.5 523.3 8.9 8.9 8.7 333.7 325.9 321.4 130.7 131.9 131.0 107.5 106.6 106.1 238.1 238.5 237.1 Oct. Nov. Dec. 524.9 528.2 535.2 8.4 8.2 8.1 321.5 318.8 326.6 133.5 132.6 135.9 105.3 105.6 106.6 238.8 238.2 242.5 20 01 -Ja n. Feb. Mar. 532.3 536.2 539.8 8.2 8.2 8.0 315.1 304.1 311.0 138.9 132.9 136.4 105.2 106.3 112.4 244.1 239.2 248.7 Apr. May June 542. 9 545.9 548.8 7.9 8.0 8.0 312.4 306.5 308.8 142.4 136.8 137.4 117.2 113.7 119.2 259.5 250.5 256.6 July Aug. 554.4 561.6 8.2 8.4 314.0 314.6 138.6 135.2 120.1 120.4 258.7 255.6 23 30 554.7 555.8 8.3 8.4 312.6 324.0 141.9 142.8 116.9 117.8 258.8 260.7 Aug. 6 13 20 27 560.4 561.4 561.5 561.9 8.6 8.5 8.4 8.3 309.7 303.6 316.2 321.2 130.4 128.5 135.5 141.1 124.3 121.1 119.3 116.7 254.8 249.6 254.8 257.9 Sop. 3 lOp 17 p 564.7 565.0 565.9 8.3 8.3 8.3 334.6 307.0 417.2 144.1 131.5 132.4 123.8 121.7 120.4 267.9 253.2 252.8 Week e n d i n a 20 01 -J u l y e e 1. 2. 3. 4. 5. O u ts ta n d in g am o un t of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits. D e m a n d d e p o s its at commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government and foreign banks and official in s titu tio n s le ss cash ite m s in the process of collection and Federal Reserve float. C o n s is ts of N O W and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations. C o n s is ts of N O W 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 deposits’ Date At commercial banks At thrift institutions Total At commercial banks At thrift institutions Total Retail money funds Total Non-M1 M2 2000-Apr. May J un e 1342.0 1318.6 1332.5 454.2 451.3 452.5 1796.2 1769.8 1785.0 661.9 664.8 672.7 326*0 326.5 328.0 987.9 991.3 1000.7 908.4 882.3 880.9 3692.5 3643.4 3666.6 July Aug. Sep. 1345.1 1357.1 1381.2 452.3 453.1 454.1 1797.4 1810.3 1835.3 679.6 685.5 689.3 332.2 336.6 339.6 1011.9 1022.1 1028.9 874.3 891.8 900.6 3683.6 3724.2 3764.8 Oct. Nov. Dec. 1379.9 1398.4 1426.4 453.3 453.7 453.4 1833.2 1852.1 1879.8 692.5 695.9 699.8 342.7 345.5 346.8 1035.2 1041.4 1046.6 907.0 912.2 935.0 3775.4 3805.7 3861.3 2001-Jan. Feb. Mar. 1435.7 1459.3 1498.6 451.3 459.5 473.4 1887.0 1918.9 1972.0 703.9 702.2 697.6 350.4 351.6 350.2 1054.3 1053.8 1047.8 963.5 978.8 1007.9 3904.8 3951.5 4027.7 Apr. May June 1542.3 1535.7 1567.1 483.3 486.9 499.3 2025.6 2022.6 2066.4 691.5 684.3 677.0 350.7 352.7 351.2 1042.3 1037.0 1028.1 1019.6 976.0 980.2 4087.5 4035.7 4074.7 July Aug. 1579.2 1606.7 507.6 516.5 2086.8 2123.2 670.1 665.6 349.2 346.2 1019.4 1011.8 984.7 989.0 4090.8 4124.0 23 30 1562.1 1550.0 506.8 505.1 2068.9 2055.2 669.2 667.9 348.7 347.8 1017.8 1015.7 988.0 986.7 4074.7 4057.6 Aug. 6 13 20 27 1624.9 1625 .4 1608.3 1580.2 515.4 518.0 517.0 514.4 2140.3 2143.3 2125.3 2094.6 667.6 666.6 665.5 664.4 346.9 346.4 346.1 345.8 1014.4 1013.0 1011.6 1010.2 980.9 989.6 988.8 993.0 4135.7 4145.9 4125.7 4097.8 Se wn .• 3 lOp 17p 1595.0 1666.8 1696.4 519.5 530.2 532.9 2114.5 2197.1 2229.3 663.4 662.8 660.6 345.6 345.2 344.7 1009.0 1008.1 1005.2 993.8 994.7 999.8 4117.3 4199.9 4234.4 We e k e n d i n a 2001-J u l y S m all d e n o m in a tio n 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 th rifts a re su b tra cte d from small time deposits. p p re lim in a ry C o m p o n e n ts m ay not add to totals d u e to ro u nd in g. • • • • • • • t » • • • • • • • • • • » Page 9 H.6 (508) Tabl© 9 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT Billions of dollars Large-denomination time deposits’ Date RPs3 institutional money funds Eurodollars4 At commercial banks2 At thrift institutions Total At commercial banks At thrift institutions Total Non-M2 M3 Total Debt components5 Federal Non-Federal 2000-Apr. May Juno 65 9 . 9 664 . 1 670.0 682.3 686.3 693.3 94.8 94.5 95.9 777.1 780.8 789.2 284.8 299.1 304.8 57.2 58.2 58.0 .341.9 357.3 362.8 187.4 193.1 190.8 1966.3 1995.3 2012.7 3597.2 3514.0 3475.5 14044.8 14172.8 14287.5 July Aug. Sop. 685.7 710.6 722.5 6 94 . 6 702.6 700.4 97.8 99.4 101.0 792.4 802.0 801.4 303.1 299.5 299.5 58.8 61.0 60.7 361.9 360.5 360.3 184.6 187.5 190.2 2024.5 2060.6 2074.3 3448.3 3437.6 3426.4 14373.4 14449.6 14541.4 Oct. Nov. Doc . 735.9 757.4 787.2 696.3 704 .6 725.8 102.8 103.8 103.1 799.1 808.5 828.9 299.5 302.1 305.9 59.6 58.3 58.2 359.2 360.4 364.1 190.5 194.1 199.5 2084.7 2120.3 2179.7 3395.3 3401.2 3403.5 14632.1 14732.9 14835.9 20 01 -Ja n. Fob. Mar. 829.2 890.3 907.1 734 .0 705.3 682.7 105.1 106.7 107.7 839 . 2 812.0 790.4 306 .6 301.5 296.1 57.7 59.9 58.3 364 . 3 361.4 354 . 4 203.2 214.1 227.2 2235.8 2277.7 2279.1 3373.2 3368.7 3392.5 14922.7 15002.1 15071.9 Apr. May June 916.9 958 .9 986.9 703.1 712.2 715.1 109.6 111.6 110.4 812.7 823 . 9 825.5 311.5 323.0 324 .0 59.3 59.7 58.7 370.7 382.7 382.7 220.7 219.8 215.2 2321.1 2385.2 2410.3 3342.7 3267.9 3260.4 15170.0 15303.6 15402.1 July Aug. 988.0 983 .7 703.2 683 . 6 111.4 113.7 814.6 797.4 315.7 313.5 58.3 56.4 374.0 369.9 216.6 214.1 2393.2 2365.1 3257.5 23 30 996.2 983.1 695 .9 69 4 . 6 111.9 112.6 807 . 8 807.2 319.8 318.4 58.0 57.6 377.8 376.1 219.7 215.7 2401.5 2382.0 Aug. 6 13 20 27 965 .7 981.7 970.7 1002.7 694.5 688.0 677.7 676.9 113.2 113.6 113.7 114.1 807.7 801.6 791.4 791.0 323 . 1 319.3 308.6 308.1 57.4 57.3 56.5 55.9 380.5 376.7 365.1 364.1 215.8 214.0 212.3 212.8 2369.7 2373.9 2339.5 2370.6 Sep. 3 lOp 17p 1003.4 992.3 993.8 683.4 686.2 677.3 114.3 114.5 114.5 797.7 800.7 791.8 307.0 302.9 305.1 53.8 53.8 51.3 360.8 356.6 356.3 217.5 212.8 219.0 2379.4 2362.4 2360.9 Wee k e n d i n a 2001-Ju ly p 15449.8 1. L d m t J - U b llU llllllc lllU ll lim e u c p w g iw 2. L a rg e -d e n o m in a tio n tim e deposits at commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and 3. 4. O v e m ia n d ° t e ? m R P s of $ 1 0 0 ,0 0 0 or more issued by depository institutions, excluding those held by depository institutions and by money funds. O v e rn ig h t and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United! Kirn Kingdom and Canada, e x c lu d in g th o se held by depository institutions and by money funds. .... D ebt d a ta are on a m o n th ly 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. _ . .................. p 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 Time and savings deposits due to foreign banks and official institutions U.S. government deposits Demand deposits at commercial banks Balance at Federal Reserve Note balances at depository institutions1 Total cash balance IRA and Keogh Accounts Tim e and savings deposits at commercial banks At commercial banks At thrift institutions At m oney market funds Total 2000-Apr. May J u ne 8.7 9.1 9.4 1.2 1.2 1.3 27.7 28.6 29.5 5.0 1.5 2.3 8.4 7.1 6.2 40.0 57.5 37.0 53.3 66.0 45.6 5.5 5.6 5.7 148.7 150.2 151.7 92.6 92.5 92.5 141. 5 140.9 140.3 382.8 383.6 384.4 July Aug. Sep. 9.2 8.6 8.0 1.3 1.2 1.2 29.8 29.5 29.2 1.2 1.1 2.5 5.2 5.0 6.7 37.4 9.5 22.0 43.8 15.7 31.1 5.8 6.0 6.2 153.1 154.3 155.6 92.6 92.8 93.1 140.4 141.1 141.9 386.0 388.3 390.5 Oct. Nov. Dec . 8.2 9.0 9.9 1.2 1.4 1.6 29.4 29.9 30.5 1.4 1.2 1.5 5.3 5.1 5.8 13.2 10.6 11.6 20.0 16.9 18.9 6.3 6.3 6.3 156.3 156.6 156.8 93.2 93.3 93.3 142.2 142.1 142.1 391.7 392.0 392.2 2001-J a n . Feb. Mar. 9.5 8.4 7.3 1.5 1.4 1.3 32.1 34.2 36.4 2.6 1.2 1.2 6.7 4.9 5.4 36.5 16.0 6.4 45.7 22.1 13.0 6.8 7.4 8.1 157.7 158.8 160.0 93.9 95.0 96.2 142.1 142.1 142.1 e e e 393.6 395.9 398.3 • • • Apr. May June 6.9 7.3 7.7 1.2 1.2 1.1 35.5 31.8 28.1 4.7 1.1 2.0 5.9 5.1 5.6 18.8 25.7 15.2 29.4 31.9 22.8 8.7 9.2 9.7 160.7 161.0 161.2 96.4 95.9 95.3 142.1 142.1 142.1 e e e 399.2 398.9 398.6 • • • July Aug. 7.8 7.8 1.1 1.1 5.1 5.0 19.9 26.7 26.1 32.8 9.9 9.9 142.1 142.1 e e 398.8 399.4 e • 1.0 1.0 5.1 5.2 24.7 33.2 30.7 39.4 1.0 1.0 1.3 1.1 4.6 5.2 5.2 5.1 11.1 13.7 29.1 45.1 16.8 19.9 35.5 51.3 1.0 1.5 2.8 5.4 5.1 5.9 22.1 4.3 12.4 28.5 10.8 21.1 Week e n d i n a 2 001 -Ju ly Aug. e e 1.0 1.0 e e 23 30 6 13 20 27 Sep. 3 lOp 1 7p 1. S ou rce: D a ily T re a s u ry statement, e e s tim a te d p p re lim in a ry C o m p o n e n ts m ay not add to totals due to rounding. 26.5 26.5 e e e e 161.5 162.0 e e 95.2 95.3 e •
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