Federal Reserve Statistical Release, H.6, Money Stock Measures; title with eagle logo links to Statistical Release home page
Release Date: November 10, 2005
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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                  These data are scheduled for release each Thursday at 4:30 p.m.
                                                                    November 10, 2005
 MONEY STOCK MEASURES
 Billions of dollars	                        
 ----------------------------------------------------------------------------------------
           Date                M11                    M22                    M33 
 ----------------------------------------------------------------------------------------
                                   Seasonally adjusted                         
 ----------------------------------------------------------------------------------------
       2003-Nov.                1297.8                 6081.6                 8885.0
            Dec.                1305.1                 6085.2                 8885.3
                                                                                    
       2004-Jan.                1303.4                 6098.7                 8942.5
            Feb.                1321.8                 6139.0                 9006.6
            Mar.                1334.5                 6178.0                 9081.9
            Apr.                1334.3                 6215.2                 9144.3
            May                 1338.6                 6273.2                 9233.2
            June                1345.0                 6284.1                 9270.8
            July                1337.4                 6285.7                 9273.2
            Aug.                1355.0                 6306.5                 9308.5
            Sep.                1359.1                 6341.2                 9358.8
            Oct.                1360.2                 6369.3                 9369.9
            Nov.                1375.8                 6406.5                 9401.4
            Dec.                1373.5                 6430.7                 9450.5
                                                                                    
       2005-Jan.                1364.3                 6449.1                 9502.9
            Feb.                1371.6                 6464.3                 9539.0
            Mar.                1378.5                 6484.5                 9568.9
            Apr.                1361.0                 6481.5                 9620.7
            May                 1373.4                 6482.8                 9662.8
            June                1374.4                 6515.6                 9748.2
            July                1354.3                 6525.1                 9776.7
            Aug.                1371.0                 6554.4                 9878.7
            Sep.                1363.4                 6587.9                 9976.2
            Oct. p              1367.6                 6626.7                10057.5
 ----------------------------------------------------------------------------------------
                                 Not seasonally adjusted  		    	 
 ----------------------------------------------------------------------------------------
       2003-Nov.                1293.5                 6095.7                 8895.6
            Dec.                1332.2                 6112.0                 8929.7
                                                                                    
       2004-Jan.                1302.5                 6070.6                 8933.1
            Feb.                1306.7                 6101.2                 8996.4
            Mar.                1337.9                 6180.7                 9110.7
            Apr.                1345.3                 6252.2                 9180.9
            May                 1333.7                 6263.3                 9238.8
            June                1348.5                 6287.6                 9283.3
            July                1338.8                 6292.7                 9258.9
            Aug.                1352.5                 6312.6                 9301.8
            Sep.                1349.8                 6344.5                 9335.7
            Oct.                1351.3                 6363.2                 9330.3
            Nov.                1370.9                 6412.5                 9396.4
            Dec.                1401.4                 6454.5                 9481.5
                                                                                    
       2005-Jan.                1362.7                 6413.8                 9480.6
            Feb.                1355.4                 6415.2                 9514.3
            Mar.                1382.4                 6479.6                 9588.5
            Apr.                1371.8                 6526.8                 9669.5
            May                 1369.0                 6471.9                 9674.4
            June                1377.7                 6522.7                 9764.3
            July                1357.0                 6541.8                 9774.7
            Aug.                1368.3                 6563.0                 9876.1
            Sep.                1354.4                 6593.7                 9956.7
            Oct. p              1357.8                 6618.7                10017.7
  ---------------------------------------------------------------------------------------
  Footnotes appear on the following page

 p -- indicates preliminary data
1 
  
  
  
 H.6 (508)
 Table 2
 MONEY STOCK MEASURES
 Percent change at seasonally adjusted annual rates
 ---------------------------------------------------------------------------------------------------------
                                                          M1                   M2                   M3  
 ---------------------------------------------------------------------------------------------------------
  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 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 Publication 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.
1
  
  
  
 H.6 (508)
 Table 3
 MONEY STOCK MEASURES
 Billions of Dollars
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                      M1                                      M2                                      M3
 ----------------------------------------------------------------------------------------------------------------------------------------------------
   Period Ending  13-week average 4-week average week average 13-week average 4-week average week average 13-week average 4-week average week average 
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                            Seasonally adjusted
 ----------------------------------------------------------------------------------------------------------------------------------------------------
  2005-Aug.  8             1365.4        1354.2        1349.0          6512.7        6537.4        6536.6          9744.7        9799.4        9813.9
            15             1365.6        1357.9        1357.1          6517.9        6539.3        6540.4          9760.7        9816.1        9848.5
            22             1366.1        1361.7        1383.3          6524.1        6547.2        6564.8          9779.4        9844.5        9909.1
            29             1365.4        1369.6        1388.9          6529.8        6549.8        6557.3          9796.7        9872.7        9919.3
                                                                                                                                                     
       Sep.  5             1365.3        1373.5        1364.7          6534.7        6557.9        6569.2          9815.0        9907.5        9953.1
            12             1364.5        1369.2        1340.0          6540.5        6563.8        6564.0          9832.0        9933.1        9950.7
            19             1362.9        1363.0        1358.3          6546.5        6572.6        6599.8          9850.0        9948.9        9972.4
            26             1361.9        1359.2        1373.8          6552.2        6582.9        6598.5          9866.8        9967.5        9993.7
                                                                                                                                                     
       Oct.  3             1363.2        1367.2        1396.8          6559.5        6596.2        6622.5          9886.6        9986.9       10030.7
            10             1364.3        1371.4        1356.7          6567.4        6607.9        6610.8          9907.9       10006.0       10027.2
            17             1364.8        1368.7        1347.6          6575.4        6616.8        6635.5          9929.9       10029.9       10067.8
            24p            1365.4        1369.3        1376.1          6583.2        6626.0        6635.3          9951.5       10050.6       10076.8
            31p            1367.4        1366.0        1383.4          6589.7        6628.4        6631.9          9972.2       10061.8       10075.4
                                                                                                                                                     
                                                                                                                                                     
                                                                                                                                                     
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                          Not seasonally adjusted
 ----------------------------------------------------------------------------------------------------------------------------------------------------
  2005-Aug.  8             1366.6        1356.9        1321.3          6520.8        6543.3        6580.9          9754.8        9794.7        9853.9
            15             1366.4        1357.4        1339.1          6527.7        6551.4        6578.9          9769.4        9819.4        9873.0
            22             1366.8        1357.3        1382.8          6536.0        6564.3        6559.2          9786.7        9849.9        9884.0
            29             1366.7        1365.6        1419.1          6542.1        6562.0        6528.9          9802.4        9874.3        9886.1
                                                                                                                                                     
       Sep.  5             1367.2        1373.9        1354.4          6547.8        6568.7        6607.7          9818.1        9902.9        9968.3
            12             1365.2        1365.8        1306.8          6553.9        6578.1        6616.6          9832.5        9931.5        9987.5
            19             1362.5        1356.8        1346.7          6559.3        6590.3        6607.9          9847.5        9949.5        9956.1
            26             1360.1        1350.0        1391.9          6563.7        6595.3        6548.9          9860.6        9957.3        9917.3
                                                                                                                                                     
       Oct.  3             1360.8        1362.6        1404.9          6567.3        6592.9        6598.2          9875.7        9955.9        9962.7
            10             1360.6        1364.6        1315.0          6572.7        6595.2        6625.7          9894.1        9961.5       10009.9
            17             1359.6        1358.8        1323.5          6580.8        6606.1        6651.7          9915.4        9985.2       10051.0
            24p            1359.1        1354.9        1376.3          6587.7        6618.3        6597.5          9934.6       10008.7       10011.1
            31p            1360.6        1355.2        1405.8          6591.8        6616.6        6591.5          9951.3       10019.5       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 -- indicates preliminary data.
1
  
  
  
  
 H.6 (508)
 Table 4
 SEASONALLY ADJUSTED COMPONENTS OF M1
 Billions of dollars
 ------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Other Checkable Deposits             
                                                                                     ------------------------------------------------------
        Date                  Currency1      Travelers checks2   Demand Deposits3     At comm. banks4     At thrift inst.5          Total  
 ------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                       678.1                 7.7               334.1               186.4               138.7               325.1
                                                                                                                                           
       July                       684.3                 7.6               320.3               185.0               140.2               325.2
       Aug.                       686.3                 7.6               334.1               188.2               138.9               327.1
       Sep.                       689.6                 7.6               337.2               186.9               137.9               324.7
                                                                                                                                           
       Oct.                       692.2                 7.6               333.9               187.1               139.3               326.4
       Nov.                       696.9                 7.6               341.0               189.5               140.8               330.3
       Dec.                       696.9                 7.6               340.7               187.6               140.7               328.3
                                                                                                                                           
                                                                                                                                           
  2005-Jan.                       699.6                 7.5               332.3               183.8               141.1               324.9
       Feb.                       701.6                 7.5               341.0               181.7               139.9               321.6
       Mar.                       703.9                 7.5               344.7               183.1               139.4               322.5
                                                                                                                                           
       Apr.                       704.3                 7.5               325.8               183.4               139.9               323.4
       May                        706.0                 7.5               334.7               186.6               138.6               325.3
       June                       708.9                 7.3               339.2               182.2               136.7               318.9
                                                                                                                                           
       July                       709.3                 7.3               321.2               180.1               136.4               316.5
       Aug.                       712.4                 7.4               331.8               183.4               136.0               319.4
       Sep.                       715.4                 7.4               322.4               181.0               137.3               318.3
                                                                                                                                           
       Oct. p                     716.2                 7.3               326.7               179.5               138.0               317.5
                                                                                                                                           
                                                                                                                                           
 Week Ending:                                				    				     				       				     			   
  2005-Sep.  5                    712.9                 7.4               323.9               180.8               139.8               320.5
            12                    715.1                 7.4               300.0               179.9               137.7               317.5
            19                    715.2                 7.4               318.1               181.0               136.7               317.7
            26                    716.4                 7.3               332.7               181.1               136.2               317.3
                                                                                                                                           
       Oct.  3                    716.4                 7.3               349.4               185.8               137.9               323.7
            10                    715.8                 7.3               315.7               178.5               139.5               318.0
            17                    715.7                 7.3               311.4               176.3               136.9               313.3
            24p                   716.6                 7.3               337.9               177.4               136.9               314.3
            31p                   716.9                 7.3               336.9               183.5               138.8               322.3
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
 ------------------------------------------------------------------------------------------------------------------------------------------
 1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions 
    are included in demand deposits.
 3. 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.
 4. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
 5. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions.

 e -- indicates estimated data.	p -- indicates preliminary data.
1
  
  
  
 H.6 (508)
 Table 5
 SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
 Billions of dollars
 -------------------------------------------------------------------------------------------------------------------------------------------
                                       Savings Deposits1                  Small-denomination time deposit2                          
                         -----------------------------------------    ----------------------------------------      Retail     		                        
        Date              At comm.       At thrift       Total         At comm.       At thrift       Total          money           Total  
                            banks          insts.                       banks           insts.                       funds3        Non-M1 M2
 -------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                  2516.4          877.1         3393.6          527.3          266.7          794.0          751.5         4939.1
                                                                                                                                            
       July                  2532.3          881.1         3413.4          527.9          267.0          794.8          740.0         4948.2
       Aug.                  2535.6          884.7         3420.3          530.8          267.7          798.5          732.6         4951.4
       Sep.                  2560.2          893.0         3453.2          534.0          267.8          801.8          727.1         4982.1
                                                                                                                                            
       Oct.                  2593.1          889.8         3482.9          536.9          269.2          806.1          720.1         5009.1
       Nov.                  2617.3          888.7         3506.0          540.5          269.5          810.0          714.8         5030.7
       Dec.                  2638.4          890.9         3529.3          544.1          271.2          815.3          712.6         5057.2
                                                                                                                                            
                                                                                                                                            
  2005-Jan.                  2652.6          893.6         3546.1          551.4          275.9          827.3          711.5         5084.9
       Feb.                  2659.8          887.1         3546.9          559.0          280.6          839.6          706.3         5092.7
       Mar.                  2668.8          880.8         3549.6          569.8          283.7          853.5          702.8         5106.0
                                                                                                                                            
       Apr.                  2675.4          869.4         3544.8          578.8          289.9          868.8          707.0         5120.5
       May                   2650.5          867.4         3517.9          590.5          296.1          886.5          704.9         5109.3
       June                  2670.2          866.7         3536.9          601.3          301.2          902.5          701.9         5141.2
                                                                                                                                            
       July                  2691.9          860.8         3552.7          610.4          305.7          916.1          702.0         5170.8
       Aug.                  2693.4          861.6         3555.0          617.7          312.2          929.9          698.4         5183.4
       Sep.                  2720.1          856.5         3576.6          624.6          317.5          942.0          705.9         5224.5
                                                                                                                                            
       Oct. p                2737.8          855.7         3593.5          621.2          329.3          950.4          715.1         5259.1
                                                                                                                                            
                                                                                                                                            
 Week ending:	        		      			     			    			   			      			     			      			   
  2005-Sep.  5               2712.4          854.3         3566.8          621.9          314.9          936.8          700.9         5204.5
            12               2729.1          851.3         3580.4          623.4          316.4          939.8          703.9         5224.1
            19               2735.9          856.4         3592.3          625.1          317.7          942.8          706.3         5241.5
            26               2709.1          862.5         3571.6          626.2          318.8          944.9          708.3         5224.8
                                                                                                                                            
       Oct.  3               2709.1          859.4         3568.5          623.2          323.2          946.4          710.8         5225.7
            10               2742.5          854.0         3596.5          619.6          328.1          947.7          709.8         5254.0
            17               2768.1          857.9         3626.0          620.3          329.1          949.4          712.5         5287.9
            24p              2732.7          855.8         3588.5          621.5          330.6          952.1          718.6         5259.2
            31p              2715.9          857.1         3573.0          622.2          332.0          954.3          721.2         5248.5
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
 -------------------------------------------------------------------------------------------------------------------------------------------
 1. Savings deposits include money market deposit accounts.
 2. 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.
 3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds.

 p -- indicates preliminary data.
1
  
  
  
 H.6 (508)
 Table 6
 SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3
 Billions of dollars
 -----------------------------------------------------------------------------------------------------------------------------------------
                                                Large-denomination time deposits1
                         Institutional    --------------------------------------------
     Date                    money        At commercial      At thrift                                                            Total
                             funds           banks2        institutions        Total             RPs3         Eurodollars4      Non-M2 M3
 ------------------------------------------------------------------------------------------------------------------------------------------
   2004-June                  1126.3            863.2           133.1            996.3            536.5            327.7           2986.7        
                                                                                                                                            
        July                  1112.0            878.8           137.6           1016.3            523.5            335.7           2987.5
        Aug.                  1108.5            883.6           143.5           1027.1            522.7            343.6           3002.0
        Sep.                  1104.4            886.6           148.0           1034.7            524.6            354.0           3017.6       
                                                                                                                                         
        Oct.                  1081.0            891.3           151.5           1042.8            508.6            368.3           3000.7
        Nov.                  1072.4            892.3           155.2           1047.6            502.5            372.3           2994.8
        Dec.                  1072.7            907.1           160.0           1067.1            497.3            382.6           3019.8
                                                                                                                                              
                                                                                                                                            
   2005-Jan.                  1061.2            958.6           166.9           1125.5            470.6            396.4           3053.7
        Feb.                  1044.0            971.9           173.5           1145.4            489.6            395.7           3074.7
        Mar.                  1040.3            976.8           179.3           1156.1            484.6            403.4           3084.4
                                                                                                                                         
        Apr.                  1055.2           1012.1           188.7           1200.8            474.8            408.5           3139.2   
        May                   1052.4           1012.8           191.4           1204.2            504.4            419.0           3180.0
        June                  1069.2           1036.3           197.9           1234.2            499.3            429.8           3232.6       
                                                                                                                                                  
        July                  1078.4           1025.4           202.3           1227.7            507.7            437.8           3251.6
        Aug.                  1093.0           1066.6           208.9           1275.6            517.6            438.2           3324.4
        Sep.                  1119.4           1092.6           215.5           1308.1            526.9            433.9           3388.3
                                                                                                                                         
        Oct. p                1126.1           1114.7           223.7           1338.4            537.4            429.0           3430.9          
                                                                                                                                                  
                                                                                                                                                                     
 Week ending:					  			 																                               
   2005-Sep.  5               1108.8           1096.6           212.7           1309.3            531.1            434.7           3383.9                          
             12               1117.9           1092.3           213.8           1306.1            526.3            436.4           3386.7                   
             19               1125.6           1080.4           215.4           1295.9            518.2            433.0           3372.6                       
             26               1121.0           1094.3           217.6           1311.9            528.8            433.4           3395.1                           
                                                                                                                                                                
        Oct.  3               1121.6           1101.4           219.3           1320.6            534.9            431.1           3408.2                        
             10               1117.4           1116.4           221.0           1337.4            533.4            428.2           3416.4                    
             17               1129.2           1115.2           222.1           1337.3            535.8            430.0           3432.3                      
             24p              1129.3           1116.6           225.8           1342.4            544.5            425.3           3441.5                  
             31p              1130.2           1117.0           227.7           1344.7            536.8            431.8           3443.5                     
                                                                                                                                                              
                                                                                                                                                             
                                                                                                                                                                   
                                                                                                                                         
 ------------------------------------------------------------------------------------------------------------------------------------------
 1. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
 2. 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.                                      
 3. 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.
 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,
    excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and money market
    mutual funds.                                                  
 p -- indicates preliminary data    e -- indicates estimated data
1
  
  
  
 H.6 (508)
 Table 7
 NOT SEASONALLY ADJUSTED COMPONENTS OF M1
 Billions of dollars
 ------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                    Other Checkable Deposits             
                                                                                     ------------------------------------------------------
        Date                  Currency1      Travelers checks2   Demand Deposits3     At comm. banks4     At thrift inst.5          Total  
 ------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                       678.1                 7.8               334.6               186.6               141.5               328.1
                                                                                                                                           
       July                       685.7                 7.8               320.9               182.8               141.5               324.4
       Aug.                       686.0                 7.7               332.2               185.4               141.0               326.5
       Sep.                       687.9                 7.6               333.7               183.1               137.4               320.5
                                                                                                                                           
       Oct.                       691.7                 7.5               330.5               183.7               137.8               321.5
       Nov.                       697.4                 7.5               340.6               185.4               139.9               325.3
       Dec.                       702.4                 7.5               358.8               191.7               141.0               332.7
                                                                                                                                           
                                                                                                                                           
  2005-Jan.                       697.3                 7.5               331.9               190.0               136.0               326.0
       Feb.                       700.7                 7.5               331.1               181.1               135.2               316.3
       Mar.                       702.7                 7.4               345.4               186.7               140.1               326.8
                                                                                                                                           
       Apr.                       704.0                 7.4               328.7               188.1               143.6               331.7
       May                        705.3                 7.4               331.5               184.1               140.7               324.8
       June                       708.5                 7.4               340.0               182.7               139.1               321.8
                                                                                                                                           
       July                       711.4                 7.5               322.2               177.9               138.1               315.9
       Aug.                       712.1                 7.5               329.7               181.0               137.9               319.0
       Sep.                       713.9                 7.4               319.1               177.5               136.6               314.0
                                                                                                                                           
       Oct. p                     715.3                 7.2               322.6               176.0               136.7               312.6
                                                                                                                                           
                                                                                                                                           
 Week Ending:                                				    				     				       				     			   
  2005-Sep.  5                    714.4                 7.4               312.6               179.0               141.0               320.0
            12                    714.2                 7.4               278.9               172.0               134.3               306.3
            19                    713.2                 7.4               315.8               176.3               134.0               310.3
            26                    713.3                 7.3               353.5               181.3               136.4               317.7
                                                                                                                                           
       Oct.  3                    714.0                 7.3               356.8               183.8               143.0               326.8
            10                    717.8                 7.3               285.7               169.0               135.2               304.2
            17                    715.0                 7.3               298.4               170.2               132.6               302.8
            24p                   714.5                 7.2               342.4               176.8               135.4               312.2
            31p                   713.6                 7.2               358.3               186.1               140.6               326.7
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
 ------------------------------------------------------------------------------------------------------------------------------------------
 1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
 2. Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are
    included in demand deposits.
 3. 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.
 4. NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
 5. NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions.

 e -- indicates estimated data.	p -- indicates preliminary data.
1
  
  
  
 H.6 (508)
 Table 8
 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
 Billions of dollars
 -------------------------------------------------------------------------------------------------------------------------------------------
                                       Savings Deposits1                  Small-denomination time deposit2                          
                         -----------------------------------------    ----------------------------------------      Retail     		                        
        Date              At comm.       At thrift       Total         At comm.       At thrift       Total          money           Total  
                            banks          insts.                       banks           insts.                       funds3        Non-M1 M2
 -------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                  2522.2          879.1         3401.3          526.4          266.2          792.6          745.3         4939.1
                                                                                                                                            
       July                  2540.8          884.0         3424.8          527.1          266.5          793.6          735.5         4953.9
       Aug.                  2541.6          886.8         3428.4          530.1          267.4          797.5          734.2         4960.1
       Sep.                  2570.9          896.7         3467.6          533.6          267.7          801.3          725.9         4994.8
                                                                                                                                            
       Oct.                  2597.9          891.5         3489.3          536.8          269.2          806.0          716.5         5011.9
       Nov.                  2625.9          891.6         3517.6          541.0          269.7          810.7          713.3         5041.6
       Dec.                  2632.8          889.0         3521.9          544.6          271.4          816.0          715.2         5053.1
                                                                                                                                            
                                                                                                                                            
  2005-Jan.                  2624.4          884.1         3508.5          552.0          276.2          828.2          714.3         5051.1
       Feb.                  2631.1          877.5         3508.6          559.7          280.9          840.6          710.6         5059.8
       Mar.                  2656.0          876.6         3532.6          570.5          284.1          854.5          710.1         5097.2
                                                                                                                                            
       Apr.                  2698.6          876.9         3575.5          579.3          290.2          869.5          710.0         5155.0
       May                   2650.8          867.5         3518.3          590.2          296.0          886.2          698.4         5102.9
       June                  2677.9          869.2         3547.1          600.3          300.7          901.0          696.9         5145.0
                                                                                                                                            
       July                  2706.7          865.6         3572.2          609.4          305.2          914.6          697.9         5184.8
       Aug.                  2701.4          864.1         3565.5          616.8          311.7          928.6          700.6         5194.7
       Sep.                  2732.3          860.3         3592.6          624.0          317.1          941.1          705.5         5239.3
                                                                                                                                            
       Oct. p                2742.3          857.1         3599.4          621.0          329.2          950.1          711.4         5260.9
                                                                                                                                            
                                                                                                                                            
 Week ending:	        		      			     			    			   			      			     			      			   
  2005-Sep.  5               2750.0          866.2         3616.2          621.3          314.6          935.9          701.2         5253.3
            12               2793.0          871.2         3664.2          622.9          316.1          939.0          706.6         5309.8
            19               2750.9          861.1         3612.1          624.4          317.4          941.8          707.4         5261.2
            26               2660.1          847.0         3507.1          625.4          318.4          943.8          706.1         5157.0
                                                                                                                                            
       Oct.  3               2689.4          853.1         3542.5          622.9          323.0          945.9          704.8         5193.2
            10               2788.5          868.3         3656.9          619.6          328.1          947.7          706.1         5310.7
            17               2801.1          868.2         3669.3          620.3          329.0          949.3          709.7         5328.3
            24p              2706.2          847.5         3553.7          621.2          330.4          951.6          715.9         5221.2
            31p              2672.1          843.3         3515.4          621.9          331.8          953.7          716.6         5185.7
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
 -------------------------------------------------------------------------------------------------------------------------------------------
 1. Savings deposits include money market deposit accounts.
 2. 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.
 3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds.

 p -- indicates preliminary data.
1



 H.6 (508)
 Table 9
 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3
 Billions of dollars
 ----------------------------------------------------------------------------------------------------------------------------------------------------------
                                           Large-denomination time deposits1                      RPs3
                       Institutional   -----------------------------------------     ------------------------------------------
     Date                  money       At commercial      At thrift                  At commercial      At thrift                                   Total
                           funds          banks2        institutions     Total          banks2        institutions     Total     Eurodollars4    Non-M2 M3 
 ----------------------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                 1115.3           872.4          134.5         1007.0           482.8           68.0          550.8        322.6         2995.6    
                                                                                                                                                                     
       July                 1097.7           882.8          138.2         1021.0           461.1           58.1          519.2        328.5         2966.3             
       Aug.                 1102.4           884.5          143.6         1028.1           463.9           56.7          520.7        338.0         2989.2                        
       Sep.                 1088.2           886.2          148.0         1034.2           462.4           57.5          519.8        348.9         2991.1                      
                                                                                                                                                                              
       Oct.                 1066.8           886.1          150.6         1036.7           440.1           57.3          497.4        366.3         2967.2                 
       Nov.                 1075.5           886.8          154.3         1041.1           443.9           53.5          497.3        370.0         2983.9                  
       Dec.                 1089.9           907.1          160.0         1067.1           437.0           56.1          493.1        377.0         3027.0                        
                                                                                                                                                                
                                                                                                                                                                            
  2005-Jan.                 1086.8           951.1          165.6         1116.7           407.8           57.8          465.6        397.6         3066.7             
       Feb.                 1067.1           962.0          171.7         1133.7           437.9           57.9          495.8        402.4         3099.1                    
       Mar.                 1052.1           972.7          178.5         1151.2           437.8           54.7          492.4        413.2         3108.9                 
                                                                                                                                                                         
       Apr.                 1046.4          1014.6          189.2         1203.7           419.1           54.5          473.6        419.0          3142.7              
       May                  1038.8          1029.1          194.5         1223.6           456.1           55.7          511.7        428.3         3202.4            
       June                 1059.0          1047.0          200.0         1247.0           459.9           53.0          512.9        422.7         3241.5    
                                                                                                                                                                          
       July                 1066.2          1030.4          203.3         1233.7           452.7           52.1          504.8        428.2         3232.9                    
       Aug.                 1087.8          1068.3          209.3         1277.6           465.5           50.4          515.9        431.8         3313.1        
       Sep.                 1103.7          1091.5          215.3         1306.8           474.6           49.4          524.0        428.5         3363.0                    
                                                                                                                                                                               
       Oct. p               1112.3          1108.5          222.4         1331.0           477.4           50.5          527.9        427.9         3399.0                     
                                                                                                                                                                            
                                                                                                                                                                                
 Week ending:					  			  															                                                      
  2005-Sep.  5              1093.5          1099.3          213.2         1312.4           476.2           48.9          525.1        429.6         3360.6
            12              1108.0          1094.8          214.3         1309.1           474.4           49.3          523.7        430.1         3370.9             
            19              1112.0          1077.3          214.8         1292.1           467.9           49.4          517.2        426.8         3348.2
            26              1104.4          1088.8          216.5         1305.4           478.8           50.0          528.7        429.9         3368.4
                                                                                                                                                               
       Oct.  3              1092.8          1100.8          219.1         1320.0           477.2           49.6          526.7        425.0         3364.6            
            10              1099.4          1117.7          221.3         1339.0           470.7           50.7          521.4        424.4         3384.2              
            17              1117.1          1110.5          221.2         1331.6           473.7           50.5          524.2        426.4         3399.3                     
            24p             1122.0          1105.6          223.6         1329.2           485.1           49.7          534.8        427.6         3413.5                   
            31p             1119.1          1104.2          225.1         1329.3           480.2           51.4          531.6        434.5         3414.5
                                                                                                                                                                    
                                                                                                                                                                            
                                                                                                                                                                           
                                                                                                                                                          
 ---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 1. Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
 2. 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.
 3. 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.
 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,
    excluding those amounts held by depository institutions, the U.S. government, foreign banks and official institutions, and by money market mutual funds.
 p -- indicates preliminary data    e -- indicates estimated data
1

  
  
 H.6 (508)
 Table 10
 MEMORANDUM ITEMS
 Billions of dollars, not seasonally adjusted
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                      
                                                             
                                                                         U.S. government deposits                                          IRA and Keogh Accounts
                         Demand deposits        Time and     ------------------------------------------------------------    ----------------------------------------------------
                         at banks due to         savings                                                         Time and
       Date       --------------------------- deposits due to   Demand    Balance        Note                     savings   
                       Foreign      Foreign    foreign banks  deposits at    at      balances at       Total    deposits at  
                      commercial    official   and official   commercial   Federal    depository       cash      commercial   At commercial   At thrift      At money   
                         banks   institutions  institutions     banks      Reserve   institutions1    balance     banks           banks     institutions  market funds    Total
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
  2004-June                7.4          1.1         15.4            1.8          5.7         20.9         28.5        2.1        168.4         101.8         153.8         424.0  
                                                                                                                                                                                  
       July                7.4          1.1         16.5            1.4          5.0         10.1         16.4        2.1        168.7         101.8         153.6         424.1  
       Aug.                7.4          1.1         17.7            1.3          4.8          3.1          9.2        2.2        168.6         101.7         152.5         422.9  
       Sep.                7.3          1.1         18.9            1.6          5.6         16.7         23.9        2.2        168.6         101.7         151.4         421.7  
                                                                                                                                                                                  
       Oct.                7.3          1.2         19.6            1.5          5.0         20.3         26.8        2.3        168.4         101.6         150.8         420.8  
       Nov.                7.4          1.3         19.8            1.4          4.9         12.7         19.1        2.3        168.3         101.5         150.6         420.4  
       Dec.                7.4          1.5         20.1            1.5          5.1         15.8         22.4        2.4        168.1         101.4         150.4         419.9  
                                                                                                                                                                                  
                                                                                                                                                                                  
  2005-Jan.                7.4          1.5         20.0            1.8          5.1         23.0         29.9        2.4        168.2         101.3         149.6 e       419.1 e
       Feb.                7.3          1.4         19.6            1.4          5.2         14.3         20.9        2.4        168.5         101.3         148.3 e       418.1 e
       Mar.                7.3          1.3         19.2            1.4          4.7         21.1         27.3        2.4        168.8         101.3         146.9 e       417.1 e
                                                                                                                                                                                  
       Apr.                7.2          1.3         19.6            3.4          5.2         26.5         35.1        2.3        169.0         101.5         146.2 e       416.8 e
       May                 7.1          1.3         20.9            1.6          5.1         29.3         36.0        2.0        169.1         101.9         146.2 e       417.2 e
       June                7.0          1.3         22.2            1.8          5.0         24.6         31.4        1.8        169.2         102.3         146.2 e       417.7 e
                                                                                                                                                                                  
       July                6.9 e        1.3 e       22.8 e          1.4          4.8         13.7         20.0        1.7 e      169.4 e       102.5 e       146.2 e       418.0 e
       Aug.                6.9 e        1.3 e       22.8 e          1.4          5.0          7.5         13.9        1.7 e      169.5 e       102.5 e       146.2 e       418.2 e
       Sep.                6.9 e        1.3 e       22.8 e          1.5          5.3         28.3         35.1        1.7 e      169.7 e       102.5 e       146.2 e       418.4 e
                                                                                                                                                                                  
       Oct. p              6.9 e        1.3 e       22.8 e          1.4          4.9         18.7         25.1        1.7 e      169.8 e       102.5 e       146.2 e       418.5 e
                                                                                                                                                                                  
                                                                                                                                                                                  
  2005-Sep.  5                                                      1.4          5.0          2.8          9.1                                                                    
            12                                                      1.4          4.8          3.2          9.4                                                                    
            19                                                      1.8          6.2         31.5         39.4                                                                    
            26                                                      1.5          5.6         58.7         65.8                                                                    
                                                                                                                                                                                  
       Oct.  3                                                      1.4          4.9         36.5         42.8                                                                    
            10                                                      1.3          4.8          9.6         15.7                                                                    
            17                                                      1.7          4.6          8.3         14.6                                                                    
            24p                                                     1.4          5.0         24.1         30.5                                                                    
            31p                                                     1.4          5.1         30.8         37.3                                                                    
                                                                                                                                                                                  
                                                                                                                                                                                  
                                                                                                                                                                                  
                                                                                                                                                                                  
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 1. Source: Daily Treasury statement.
  e -- indicates estimated data	p -- indicates preliminary data
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