FEDERAL RESERVE STATISTICAL RELEASE
 
 H.6 (508)
 Table 1                  These data are scheduled for release each Thursday at 4:30 p.m.
                                                                    February 26, 2004
 MONEY STOCK MEASURES
 Billions of dollars                             

  
 Footnotes to Table 1:
 1. 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 all commercial banks other than those due to depository 
    institutions, the U.S. government, and foreign banks and official institutions, less cash items in the process of collection
    and Federal Reserve float; and (4) other checkable 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.
 2. Consists of M1 plus savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits 
    in amounts of less than $100,000), and balances in retail money market mutual funds. Excludes  individual retirement  account(IRA)
    and Keogh balances at depository institutions and money market funds.  Seasonally adjusted M2 is computed by summing savings 
    deposits, small denomination time deposits, and retail money fund balances, each seasonally adjusted separately, and adding 
    this result to seasonally adjusted M1.                                   
 3. Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money
    funds, RP liabilities (overnight and term) issued by all depository institutions, and Eurodollars (overnight and term) held 
    by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United Kingdom and Canada. 
    Excludes amounts held by depository institutions, the U.S. government, money funds, and foreign banks and official institutions.
    Seasonally adjusted M3 is calculated by summing large time deposits, institutional money fund balances, RP liabilities, and 
    Eurodollars, each 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

 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.
 
  
  
  
  
 H.6 (508)
 Table 4
 SEASONALLY ADJUSTED COMPONENTS OF M1
 Billions of dollars

 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 commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government
    and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
 4. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
 5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
 

 e -- indicates estimated data.     p -- indicates preliminary data.
 
  
  
  
 H.6 (508)
 Table 5
 SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
 Billions of dollars

 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 thrifts are subtracted from small time deposits.
 3. IRA and Keogh account balances at money market mutual funds are substracted from retail money funds.
 

 p -- indicates preliminary data.
  
  
  
 H.6 (508)
 Table 6
 SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3
 Billions of dollars

 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 commercial banks less those held by money market mutual funds, depository institutions, U.S. government, 
    and foreign banks and official institutions.                                      
 3. Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
 4. Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United
    Kingdom and Canada, excluding those held by depository institutions and by money funds.                                                  
 p -- indicates preliminary data    e -- indicates estimated data
1
  
  
  
 H.6 (508)
 Table 7
 NOT SEASONALLY ADJUSTED COMPONENTS OF M1
 Billions of dollars

 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 commercial banks and foreign-related institutions other than those due to depository institutions, the U.S. government
    and foreign banks and official institutions, less cash items in the process of collection and Federal Reserve float.
 4. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
 5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.
 

 e -- indicates estimated data.     p -- indicates preliminary data.
 
  
  
  
 H.6 (508)
 Table 8
 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
 Billions of dollars

 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 thrifts 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.
 
 

 

 

 H.6 (508)
 Table 9
 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3
 Billions of dollars
 

 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 commercial banks less those held by money market mutual funds, depository institutions, U.S. government, 
    and foreign banks and official institutions.                                      
 3. Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
 4. Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United
    Kingdom and Canada, excluding those held by depository institutions and by money funds.                                                  
 p -- indicates preliminary data    e -- indicates estimated data
1
 

  
  
 H.6 (508)
 Table 10
 MEMORANDUM ITEMS
 Billions of dollars, not seasonally adjusted

 1. Source: Daily Treasury statement.
  e -- indicates estimated data     p -- indicates preliminary data

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