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FEDERAL RESERVE STATISTICAL RELEASE
H.6 (508)
Table 1 These data are scheduled for release each Thursday at 4:30 p.m.
September 30, 2004
MONEY STOCK MEASURES
Billions of dollars
----------------------------------------------------------------------------------------
Date M11 M22 M33
----------------------------------------------------------------------------------------
Seasonally adjusted
----------------------------------------------------------------------------------------
2002-Sep. 1190.5 5677.9 8321.3
Oct. 1201.8 5722.7 8348.3
Nov. 1204.5 5767.2 8479.4
Dec. 1217.2 5794.5 8552.4
2003-Jan. 1220.4 5825.5 8564.8
Feb. 1235.1 5867.3 8601.9
Mar. 1240.6 5891.1 8633.4
Apr. 1246.1 5933.8 8670.4
May 1257.7 5985.1 8725.2
June 1271.0 6026.1 8774.6
July 1273.4 6066.1 8849.0
Aug. 1281.5 6106.6 8888.6
Sep. 1281.4 6083.9 8879.6
Oct. 1284.1 6069.1 8856.8
Nov. 1283.4 6065.8 8844.4
Dec. 1293.4 6062.5 8845.6
2004-Jan. 1287.4 6070.1 8905.3
Feb. 1306.9 6120.3 8977.9
Mar. 1326.3 6167.9 9068.6
Apr. 1323.5 6216.8 9148.1
May 1322.6 6289.6 9249.0
June 1335.8 6298.9 9278.9
July 1324.1 6290.8 9256.6
Aug. 1341.2 6298.6 9278.9
----------------------------------------------------------------------------------------
Not seasonally adjusted
----------------------------------------------------------------------------------------
2002-Sep. 1183.2 5672.3 8274.5
Oct. 1194.1 5710.5 8303.5
Nov. 1202.7 5784.0 8499.0
Dec. 1242.6 5833.1 8616.8
2003-Jan. 1222.0 5819.9 8582.9
Feb. 1221.5 5845.1 8615.2
Mar. 1240.6 5905.8 8673.5
Apr. 1255.8 5962.8 8692.0
May 1253.7 5953.1 8700.6
June 1271.6 6009.5 8764.8
July 1274.3 6053.4 8819.6
Aug. 1279.0 6111.8 8871.4
Sep. 1274.0 6083.3 8841.8
Oct. 1275.9 6063.6 8823.0
Nov. 1280.8 6087.1 8868.1
Dec. 1319.1 6102.6 8904.1
2004-Jan. 1288.8 6061.1 8911.5
Feb. 1293.4 6090.6 8977.5
Mar. 1324.8 6169.4 9093.6
Apr. 1332.5 6242.2 9167.7
May 1320.3 6255.9 9224.5
June 1336.0 6283.2 9270.0
July 1326.0 6287.2 9238.4
Aug. 1339.2 6302.6 9263.1
---------------------------------------------------------------------------------------
Footnotes appear on the following page
p -- indicates preliminary data
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H.6 (508)
Table 2
MONEY STOCK MEASURES
Percent change at seasonally adjusted annual rates
---------------------------------------------------------------------------------------------------------
M1 M2 M3
---------------------------------------------------------------------------------------------------------
3 Months from May 2004 TO Aug. 2004 5.6 0.6 1.3
6 Months from Feb. 2004 TO Aug. 2004 5.2 5.8 6.7
12 Months from Aug. 2003 TO Aug. 2004 4.7 3.1 4.4
Thirteen weeks ending
September 20 , 2004
from thirteen weeks ending:
June 21, 2004 (13 weeks previous) 2.7 2.7 2.7
Mar. 22, 2004 (26 weeks previous) 5.1 6.3 7.0
Sep. 22, 2003 (52 weeks previous) 4.5 3.6 4.6
---------------------------------------------------------------------------------------------------------
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
----------------------------------------------------------------------------------------------------------------------------------------------------
2004-June 28 1326.5 1332.1 1353.0 6266.2 6295.6 6299.4 9226.3 9285.8 9308.3
July 5 1327.6 1337.5 1334.2 6274.0 6297.0 6293.8 9236.4 9282.1 9244.0
12 1327.4 1333.8 1310.1 6280.8 6295.8 6294.7 9245.0 9268.2 9239.4
19 1328.1 1328.5 1316.8 6287.7 6295.3 6293.4 9254.8 9263.1 9260.5
26 1328.1 1324.2 1335.6 6292.1 6292.8 6289.1 9262.1 9254.2 9273.0
Aug. 2 1326.4 1324.9 1337.2 6293.5 6291.8 6290.0 9264.7 9260.0 9266.9
9 1328.1 1326.9 1317.9 6294.5 6288.2 6280.4 9265.9 9262.3 9248.9
16 1329.3 1331.8 1336.5 6293.8 6290.1 6300.7 9264.5 9262.3 9260.3
23 1330.7 1336.9 1356.1 6295.1 6296.6 6315.3 9268.1 9268.3 9296.9
30 1333.1 1342.1 1357.8 6295.1 6298.2 6296.5 9270.8 9273.2 9286.6
Sep. 6 1334.3 1344.7 1328.4 6296.1 6303.4 6301.0 9272.3 9280.6 9278.7
13p 1334.2 1341.4 1323.1 6296.6 6304.8 6306.4 9270.6 9283.9 9273.5
20p 1335.2 1340.0 1350.6 6299.7 6310.0 6336.0 9273.4 9289.1 9317.6
----------------------------------------------------------------------------------------------------------------------------------------------------
Not seasonally adjusted
----------------------------------------------------------------------------------------------------------------------------------------------------
2004-June 28 1329.2 1331.3 1379.1 6258.8 6284.0 6241.0 9219.1 9275.7 9245.2
July 5 1329.7 1340.9 1335.6 6263.7 6285.8 6313.8 9224.8 9264.8 9240.3
12 1329.0 1336.6 1293.3 6267.0 6285.9 6313.3 9229.1 9248.0 9247.0
19 1327.8 1330.6 1314.4 6268.6 6287.9 6283.3 9233.6 9241.9 9235.0
26 1327.5 1323.5 1350.6 6272.3 6289.5 6247.5 9240.4 9236.0 9221.8
Aug. 2 1326.6 1329.7 1360.4 6276.7 6281.7 6282.8 9245.6 9237.4 9245.8
9 1328.2 1331.8 1301.8 6281.4 6282.9 6317.8 9250.1 9246.8 9284.5
16 1329.3 1334.2 1324.1 6284.6 6293.9 6327.6 9251.3 9257.1 9276.4
23 1330.9 1334.9 1353.4 6289.3 6304.4 6289.3 9255.6 9264.2 9250.2
30 1333.4 1338.7 1375.5 6290.8 6300.9 6268.7 9257.0 9262.0 9236.8
Sep. 6 1334.7 1341.8 1314.1 6294.0 6308.7 6349.0 9257.8 9264.5 9294.7
13p 1333.9 1335.7 1299.7 6297.6 6316.5 6359.1 9257.5 9273.2 9310.9
20p 1333.8 1331.8 1337.7 6302.6 6329.3 6340.2 9260.2 9284.0 9293.7
----------------------------------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 642.0 7.7 310.5 156.5 129.5 286.0
May 644.6 7.6 314.7 159.7 131.1 290.8
June 646.4 7.6 321.8 163.0 132.2 295.2
July 648.0 7.6 319.1 164.4 134.5 298.8
Aug. 650.8 7.6 320.9 166.3 135.9 302.2
Sep. 654.1 7.6 313.4 169.0 137.2 306.3
Oct. 658.3 7.7 312.2 168.9 137.1 305.9
Nov. 661.3 7.7 308.6 170.3 135.5 305.8
Dec. 663.9 7.7 312.6 173.2 136.0 309.2
2004-Jan. 664.9 7.8 301.8 176.4 136.6 313.0
Feb. 665.8 7.8 314.3 181.3 137.8 319.0
Mar. 666.8 7.8 327.1 185.3 139.2 324.5
Apr. 668.7 7.8 323.8 183.8 139.3 323.1
May 671.8 7.8 318.9 183.5 140.6 324.1
June 676.7 7.7 322.7 187.4 141.3 328.8
July 684.8 7.6 306.4 184.5 140.9 325.4
Aug. 687.6 7.6 318.7 188.9 138.5 327.3
Week Ending:
2004-July 26 685.9 7.5 314.1 187.5 140.6 328.1
Aug. 2 686.2 7.5 315.4 183.5 144.6 328.1
9 686.1 7.5 300.3 184.2 139.8 324.0
16 687.1 7.6 314.5 189.0 138.4 327.4
23 688.4 7.6 331.1 191.6 137.4 329.0
30 688.9 7.6 331.9 193.3 136.2 329.4
Sep. 6 691.0 7.6 309.8 183.0 137.0 320.0
13p 691.3 7.6 e 307.9 182.1 134.3 316.3
20p 691.2 7.5 e 332.9 184.5 134.5 319.0
------------------------------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 2162.0 773.0 2935.0 574.8 294.2 869.0 883.8 4687.8
May 2189.9 794.0 2983.9 570.1 291.1 861.2 882.4 4727.5
June 2221.7 800.0 3021.6 565.9 287.9 853.8 879.7 4755.1
July 2269.6 812.6 3082.3 557.6 285.0 842.7 867.8 4792.7
Aug. 2302.5 826.2 3128.7 550.7 281.7 832.4 864.0 4825.1
Sep. 2291.3 834.3 3125.6 545.5 279.4 824.8 852.1 4802.5
Oct. 2301.2 840.0 3141.2 541.8 277.0 818.9 824.9 4785.0
Nov. 2321.8 834.4 3156.2 538.2 274.7 812.9 813.3 4782.4
Dec. 2328.0 830.4 3158.4 536.4 272.8 809.1 801.5 4769.1
2004-Jan. 2363.2 826.8 3190.0 534.7 271.9 806.6 786.1 4782.7
Feb. 2397.3 837.0 3234.3 533.3 271.3 804.6 774.4 4813.3
Mar. 2424.9 853.7 3278.6 531.2 271.1 802.3 760.7 4841.6
Apr. 2477.1 863.5 3340.6 528.8 269.0 797.9 754.9 4893.3
May 2530.5 880.5 3411.0 526.7 264.8 791.5 764.5 4967.0
June 2527.9 886.9 3414.8 525.5 262.7 788.2 760.1 4963.1
July 2540.9 890.6 3431.5 526.7 262.6 789.3 745.9 4966.7
Aug. 2536.4 891.4 3427.8 529.1 263.0 792.1 737.5 4957.4
Week ending:
2004-July 26 2528.3 893.5 3421.7 527.2 262.6 789.9 741.8 4953.4
Aug. 2 2532.5 890.1 3422.6 527.9 262.6 790.5 739.7 4952.7
9 2547.0 886.2 3433.2 528.2 263.0 791.2 738.1 4962.5
16 2545.9 891.2 3437.1 528.6 262.9 791.6 735.6 4964.3
23 2532.8 893.8 3426.6 529.7 262.9 792.6 739.9 4959.2
30 2513.4 895.7 3409.0 530.0 263.2 793.1 736.5 4938.7
Sep. 6 2552.8 893.5 3446.3 531.5 262.9 794.5 731.8 4972.6
13p 2562.5 893.5 3456.0 531.7 262.9 794.6 732.8 4983.3
20p 2559.8 899.4 3459.2 532.4 262.9 795.3 730.9 4985.4
-------------------------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 1176.6 691.0 118.0 809.0 501.6 249.3 2736.5
May 1153.9 696.4 117.3 813.6 511.3 261.3 2740.1
June 1155.0 695.3 118.5 813.7 517.2 262.5 2748.5
July 1193.8 699.6 121.5 821.1 498.2 269.8 2782.8
Aug. 1174.7 707.6 123.0 830.6 497.6 279.1 2782.0
Sep. 1175.6 715.4 122.5 837.9 502.1 280.1 2795.7
Oct. 1154.1 713.3 122.1 835.5 511.4 286.8 2787.8
Nov. 1131.7 726.0 121.2 847.2 513.3 286.4 2778.6
Dec. 1113.2 747.7 120.2 867.9 513.4 288.7 2783.1
2004-Jan. 1116.4 780.6 121.0 901.6 515.1 302.1 2835.2
Feb. 1104.0 783.8 121.6 905.4 536.3 311.9 2857.6
Mar. 1112.7 804.1 124.0 928.1 539.3 320.5 2900.7
Apr. 1121.6 829.1 127.8 956.9 523.0 329.7 2931.3
May 1119.6 844.7 131.8 976.5 535.5 327.7 2959.4
June 1112.9 856.6 131.7 988.3 556.4 322.4 2979.9
July 1096.2 870.7 135.6 1006.4 538.5 324.8 2965.8
Aug. 1098.9 871.5 141.0 1012.5 543.7 325.2 2980.3
Week ending:
2004-July 26 1103.4 879.1 137.5 1016.5 537.2 326.8 2983.9
Aug. 2 1105.2 874.6 137.3 1011.9 534.7 325.2 2976.9
9 1101.2 863.2 138.7 1001.9 537.5 327.8 2968.4
16 1090.0 864.6 139.8 1004.5 542.4 322.6 2959.5
23 1094.8 871.0 142.5 1013.5 548.5 324.9 2981.6
30 1085.6 885.5 143.9 1029.4 550.0 325.0 2990.1
Sep. 6 1084.7 882.3 144.7 1027.1 538.8 327.1 2977.7
13p 1089.1 861.9 144.4 1006.3 543.6 328.0 2967.0
20p 1084.1 870.0 145.0 1015.0 555.3 327.2 2981.6
------------------------------------------------------------------------------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 643.4 7.5 310.8 160.5 133.5 294.0
May 646.5 7.5 310.3 157.5 131.9 289.4
June 647.7 7.7 321.1 161.8 133.3 295.1
July 648.7 7.8 320.2 162.7 134.9 297.6
Aug. 650.4 7.8 321.0 163.1 136.7 299.8
Sep. 650.8 7.7 311.9 166.7 136.9 303.7
Oct. 655.7 7.6 309.9 167.0 135.6 302.6
Nov. 660.2 7.6 310.4 166.6 135.9 302.6
Dec. 667.0 7.6 328.4 179.8 136.2 316.1
2004-Jan. 662.7 7.7 302.3 183.2 132.9 316.0
Feb. 665.9 7.8 306.1 179.7 133.9 313.6
Mar. 667.6 7.8 323.4 186.7 139.5 326.1
Apr. 670.3 7.7 323.5 187.4 143.6 331.0
May 674.0 7.7 316.2 180.5 141.9 322.4
June 678.3 7.8 321.5 186.2 142.2 328.5
July 686.0 7.8 308.0 182.8 141.4 324.1
Aug. 686.2 7.7 319.6 185.4 140.3 325.6
Week Ending:
2004-July 26 685.1 7.8 328.8 187.5 141.3 328.9
Aug. 2 685.2 7.8 331.9 188.2 147.3 335.4
9 687.8 7.8 285.0 179.6 141.7 321.3
16 686.7 7.8 310.2 180.7 138.8 319.5
23 685.8 7.7 333.6 187.5 138.7 326.2
30 684.8 7.7 349.9 194.0 139.0 333.0
Sep. 6 690.0 7.7 297.4 180.4 138.6 319.0
13p 688.2 7.7 e 293.6 176.6 133.6 310.3
20p 687.4 7.6 e 325.9 182.6 134.3 316.9
------------------------------------------------------------------------------------------------------------------------------------------
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
-------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 2171.3 776.3 2947.5 574.5 294.0 868.5 891.0 4707.0
May 2177.7 789.6 2967.2 570.0 291.0 861.0 871.1 4699.4
June 2217.7 798.5 3016.3 565.7 287.8 853.5 868.1 4737.9
July 2264.5 810.8 3075.2 557.4 284.9 842.3 861.5 4779.1
Aug. 2308.4 828.3 3136.7 550.6 281.7 832.3 863.8 4832.8
Sep. 2298.9 837.0 3135.9 545.4 279.3 824.7 848.6 4809.3
Oct. 2303.5 840.9 3144.4 541.9 277.1 819.0 824.3 4787.7
Nov. 2338.9 840.6 3179.5 538.6 275.0 813.5 813.3 4806.3
Dec. 2337.5 833.8 3171.4 536.5 272.8 809.3 802.9 4783.6
2004-Jan. 2353.1 823.2 3176.3 534.8 271.9 806.7 789.3 4772.3
Feb. 2381.0 831.3 3212.2 533.1 271.3 804.4 780.5 4797.2
Mar. 2419.5 851.8 3271.2 531.0 270.9 802.0 771.4 4844.6
Apr. 2485.2 866.3 3351.5 528.8 269.0 797.8 760.3 4909.6
May 2514.5 874.9 3389.4 526.9 264.9 791.8 754.4 4935.6
June 2522.9 885.2 3408.1 525.8 262.8 788.6 750.5 4947.2
July 2540.3 890.4 3430.7 526.7 262.6 789.3 741.3 4961.3
Aug. 2540.0 892.7 3432.6 528.9 262.9 791.8 738.9 4963.4
Week ending:
2004-July 26 2487.9 879.2 3367.1 527.1 262.6 789.7 740.1 4896.9
Aug. 2 2511.5 882.7 3394.2 527.6 262.5 790.1 738.1 4922.5
9 2585.5 899.6 3485.2 528.1 262.9 791.0 739.8 5015.9
16 2573.3 900.8 3474.1 528.5 262.9 791.4 738.0 5003.5
23 2513.8 887.1 3400.9 529.5 262.8 792.3 742.7 4935.9
30 2480.0 883.8 3363.7 529.8 263.0 792.8 736.6 4893.2
Sep. 6 2600.3 910.1 3510.5 531.5 262.9 794.4 730.1 5034.9
13p 2618.3 913.0 3531.3 531.6 262.9 794.4 733.7 5059.4
20p 2573.5 904.2 3477.7 532.0 262.7 794.7 730.0 5002.5
-------------------------------------------------------------------------------------------------------------------------------------------
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 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
----------------------------------------------------------------------------------------------------------------------------------------------------------
2003-Apr. 1161.5 691.4 118.1 809.5 455.9 49.4 505.4 252.8 2729.2
May 1136.4 703.0 118.4 821.4 475.9 49.1 525.0 264.6 2747.5
June 1146.6 699.8 119.3 819.0 480.1 49.4 529.5 260.2 2755.3
July 1179.7 700.4 121.6 822.0 445.0 53.9 498.9 265.6 2766.2
Aug. 1161.0 706.7 122.8 829.5 437.7 56.3 494.0 275.2 2759.6
Sep. 1154.1 715.9 122.6 838.5 435.5 53.7 489.2 276.7 2758.5
Oct. 1139.6 713.7 122.2 835.9 438.6 60.2 498.8 285.2 2759.5
Nov. 1141.9 724.7 121.0 845.7 447.4 58.4 505.9 287.6 2781.0
Dec. 1139.7 745.7 119.8 865.5 439.1 67.8 507.0 289.2 2801.4
2004-Jan. 1143.0 773.3 119.9 893.2 441.6 69.7 511.3 302.9 2850.4
Feb. 1127.9 780.5 121.1 901.5 475.1 67.4 542.5 315.1 2887.0
Mar. 1123.5 804.2 124.0 928.2 483.1 65.3 548.5 324.0 2924.2
Apr. 1106.7 828.8 127.7 956.5 463.1 66.1 529.2 333.0 2925.5
May 1101.2 852.9 133.1 986.0 483.1 67.5 550.6 330.8 2968.6
June 1104.1 861.5 132.5 994.0 500.6 68.9 569.4 319.3 2986.8
July 1084.8 871.6 135.8 1007.4 479.7 59.1 538.7 320.3 2951.2
Aug. 1087.8 871.0 141.0 1011.9 481.3 57.8 539.1 321.7 2960.5
Week ending:
2004-July 26 1096.0 880.3 137.7 1018.0 478.9 58.9 537.8 322.5 2974.3
Aug. 2 1087.9 879.6 138.1 1017.7 477.9 58.7 536.6 320.7 2962.9
9 1091.3 871.2 140.0 1011.1 485.1 56.7 541.8 322.5 2966.8
16 1087.1 864.4 139.8 1004.2 484.0 56.6 540.6 316.9 2948.7
23 1094.5 865.5 141.6 1007.1 479.2 58.0 537.2 322.1 2960.9
30 1081.0 879.5 142.9 1022.4 479.7 59.7 539.4 325.4 2968.1
Sep. 6 1069.4 882.5 144.8 1027.3 467.9 58.4 526.2 322.8 2945.7
13p 1084.1 866.3 145.2 1011.5 475.4 57.1 532.5 323.8 2951.8
20p 1072.7 869.9 145.0 1014.9 484.4 58.3 542.7 323.3 2953.5
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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
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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
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2003-Apr. 7.2 1.1 18.4 2.3 7.5 4.2 14.1 20.4 167.2 101.0 181.0 449.2
May 7.5 1.1 18.0 1.3 6.7 6.0 13.9 23.5 167.5 101.5 178.7 447.7
June 7.8 1.2 17.5 2.4 6.7 12.4 21.6 26.6 167.8 101.9 176.4 446.2
July 7.5 1.2 17.7 1.4 6.2 13.5 21.1 24.1 167.8 102.2 174.9 445.0
Aug. 7.1 1.2 19.0 1.5 5.6 6.4 13.5 18.3 167.7 102.4 174.0 444.0
Sep. 6.7 1.3 20.2 1.8 6.2 18.2 26.2 12.5 167.6 102.5 173.0 443.1
Oct. 6.6 1.1 20.0 1.5 4.9 12.1 18.5 8.2 167.3 102.5 170.8 440.6
Nov. 7.2 1.0 17.9 1.6 5.1 10.1 16.8 5.9 166.8 102.3 167.0 436.1
Dec. 7.7 1.0 15.7 1.7 5.3 16.9 23.9 3.7 166.3 102.0 163.1 431.5
2004-Jan. 7.9 1.0 13.6 2.0 5.6 24.3 31.9 2.4 166.1 101.6 160.2 427.9
Feb. 7.6 1.1 13.7 1.6 5.3 15.8 22.6 2.2 166.2 101.7 158.4 426.4
Mar. 7.3 1.1 13.8 1.6 5.4 14.3 21.3 2.0 166.3 101.8 156.7 424.8
Apr. 7.2 1.2 14.4 2.7 6.0 16.3 25.1 1.9 166.8 101.9 155.0 e 423.6 e
May 7.3 1.2 15.6 1.6 5.4 13.4 20.3 2.0 167.5 101.9 153.5 e 422.9 e
June 7.4 1.1 16.8 1.8 5.7 20.9 28.5 2.1 168.3 101.9 152.0 e 422.2 e
July 7.4 e 1.1 e 17.4 e 1.4 5.0 10.1 16.4 2.1 e 168.9 e 101.9 e 151.2 e 422.0 e
Aug. 7.4 e 1.1 e 17.4 e 1.4 4.8 3.1 9.2 2.1 e 169.2 e 102.1 e 151.2 e 422.4 e
2004-July 26 1.2 5.1 16.6 23.0
Aug. 2 1.4 4.6 26.1 32.1
9 1.2 5.1 1.4 7.8
16 1.5 4.5 1.0 7.1
23 1.3 4.9 1.5 7.8
30 1.3 5.2 1.4 7.9
Sep. 6 1.3 4.9 1.4 7.5
13p 1.6 4.7 1.8 8.0
20p 2.5 7.1 22.1 31.7
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1. Source: Daily Treasury statement.
e -- indicates estimated data p -- indicates preliminary data
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