Money Stock and Debt Measures - H.6 Release
Current Release PDF RSS DDP
Release Date: December 13, 2018
For release at
4:30 p.m. ET
December 13, 2018
H.6 (508)
SPECIAL NOTICE
In January 2019, the Board will discontinue publication of data on the outstanding amount of U.S. dollar-denominated traveler's checks of nonbank issuers. Dollar-denominated traveler's checks serve as an alternative to demand deposits and currency as a means of payment and therefore are included in M1. Nonbank traveler's checks have fallen steadily for many years to a point at which they represent an immaterial share of the monetary aggregates. The insignificant amounts no longer justify the burden of collection and publication of these data.
The date of the last reported value in the "Traveler's checks" column in tables 3 and 5 of the H.6 statistical release will be December 31, 2018.
Historical data for traveler's checks of non-bank issuers will remain available through the Data Download Program.
Table 1
Money Stock Measures. Billions of dollars.| Date | Seasonally adjusted | Not seasonally adjusted | ||
|---|---|---|---|---|
| M1 1 | M2 2 | M1 1 | M2 2 | |
| Dec. 2016 | 3,341.6 | 13,210.4 | 3,382.8 | 13,292.6 |
| Jan. 2017 | 3,397.7 | 13,276.9 | 3,387.7 | 13,274.9 |
| Feb. 2017 | 3,393.0 | 13,320.1 | 3,346.5 | 13,288.2 |
| Mar. 2017 | 3,443.8 | 13,393.1 | 3,467.5 | 13,476.0 |
| Apr. 2017 | 3,443.5 | 13,448.9 | 3,473.2 | 13,542.8 |
| May 2017 | 3,502.9 | 13,508.7 | 3,503.6 | 13,454.2 |
| June 2017 | 3,503.9 | 13,543.6 | 3,508.5 | 13,496.5 |
| July 2017 | 3,530.6 | 13,615.3 | 3,539.3 | 13,569.2 |
| Aug. 2017 | 3,563.7 | 13,665.5 | 3,574.6 | 13,632.9 |
| Sept. 2017 | 3,564.0 | 13,708.6 | 3,533.3 | 13,688.3 |
| Oct. 2017 | 3,591.6 | 13,755.9 | 3,588.6 | 13,728.9 |
| Nov. 2017 | 3,606.6 | 13,785.7 | 3,584.6 | 13,791.8 |
| Dec. 2017 | 3,598.7 | 13,836.5 | 3,636.9 | 13,919.8 |
| Jan. 2018 | 3,647.1 | 13,844.4 | 3,636.3 | 13,837.3 |
| Feb. 2018 | 3,614.2 | 13,870.3 | 3,558.5 | 13,831.6 |
| Mar. 2018 | 3,664.4 | 13,934.7 | 3,686.2 | 14,018.6 |
| Apr. 2018 | 3,660.6 | 13,958.3 | 3,693.1 | 14,054.8 |
| May 2018 | 3,654.0 | 14,028.8 | 3,657.4 | 13,975.0 |
| June 2018 | 3,658.1 | 14,115.3 | 3,661.2 | 14,069.5 |
| July 2018 | 3,667.2 | 14,147.2 | 3,680.5 | 14,100.5 |
| Aug. 2018 | 3,700.7 | 14,211.2 | 3,712.3 | 14,180.4 |
| Sept. 2018 | 3,727.3 | 14,241.7 | 3,695.6 | 14,221.3 |
| Oct. 2018 | 3,738.2 | 14,270.4 | 3,735.8 | 14,243.4 |
| Nov. 2018 | 3,716.3 | 14,317.6 | 3,696.1 | 14,321.4 |
| Percent change at seasonally adjusted annual rates | M1 | M2 |
|---|---|---|
| 3 Months from Aug. 2018 TO Nov. 2018 | 1.7 | 3.0 |
| 6 Months from May 2018 TO Nov. 2018 | 3.4 | 4.1 |
| 12 Months from Nov. 2017 TO Nov. 2018 | 3.0 | 3.9 |
Footnotes
Components may not add to totals due to rounding.
- M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's 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, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.
- 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.
Table 2
Money Stock Measures. Billions of dollars.| Period ending | Seasonally adjusted | Not seasonally adjusted | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M1 | M2 | M1 | M2 | |||||||||
| 13-week average |
4-week average |
week average |
13-week average |
4-week average |
week average |
13-week average |
4-week average |
week average |
13-week average |
4-week average |
week average |
|
| Sept. 10, 2018 | 3,686.0 | 3,739.3 | 3,745.8 | 14,173.8 | 14,226.7 | 14,220.3 | 3,698.9 | 3,757.0 | 3,588.7 | 14,135.4 | 14,204.1 | 14,246.7 |
| Sept. 17, 2018 | 3,690.6 | 3,746.9 | 3,704.1 | 14,182.6 | 14,233.4 | 14,235.3 | 3,697.8 | 3,734.7 | 3,590.5 | 14,147.1 | 14,222.2 | 14,254.4 |
| Sept. 24, 2018 | 3,696.1 | 3,749.1 | 3,710.0 | 14,191.6 | 14,236.1 | 14,251.7 | 3,695.5 | 3,700.8 | 3,693.0 | 14,158.7 | 14,219.5 | 14,136.3 |
| Oct. 1, 2018 | 3,699.1 | 3,711.6 | 3,686.3 | 14,201.4 | 14,244.4 | 14,270.2 | 3,694.7 | 3,672.9 | 3,819.3 | 14,168.3 | 14,216.2 | 14,227.5 |
| Oct. 8, 2018 | 3,701.8 | 3,700.6 | 3,701.9 | 14,209.6 | 14,248.3 | 14,236.1 | 3,696.7 | 3,676.9 | 3,604.8 | 14,176.5 | 14,216.2 | 14,246.4 |
| Oct. 15, 2018 | 3,707.3 | 3,709.9 | 3,741.5 | 14,218.3 | 14,255.0 | 14,262.0 | 3,700.4 | 3,685.0 | 3,622.7 | 14,188.1 | 14,223.1 | 14,282.3 |
| Oct. 22, 2018 | 3,715.4 | 3,725.6 | 3,772.8 | 14,228.4 | 14,263.9 | 14,287.3 | 3,706.4 | 3,699.5 | 3,751.1 | 14,202.4 | 14,247.5 | 14,233.7 |
| Oct. 29, 2018 | 3,721.2 | 3,740.0 | 3,743.8 | 14,239.1 | 14,269.8 | 14,293.7 | 3,711.4 | 3,720.6 | 3,903.9 | 14,213.3 | 14,241.0 | 14,201.4 |
| Nov. 5, 2018 | 3,724.3 | 3,741.9 | 3,709.4 | 14,247.5 | 14,279.8 | 14,276.1 | 3,716.8 | 3,750.4 | 3,723.9 | 14,222.1 | 14,254.0 | 14,298.6 |
| Nov. 12, 2018 | 3,725.1 | 3,731.3 | 3,699.3 | 14,253.8 | 14,284.3 | 14,280.0 | 3,715.4 | 3,735.5 | 3,563.0 | 14,230.1 | 14,257.1 | 14,294.6 |
| Nov. 19, 2018 | 3,726.6 | 3,711.4 | 3,693.0 | 14,261.8 | 14,290.8 | 14,313.5 | 3,713.1 | 3,710.4 | 3,650.6 | 14,242.1 | 14,283.1 | 14,337.6 |
| Nov. 26, 2018 | 3,726.5 | 3,700.5 | 3,700.2 | 14,269.4 | 14,302.1 | 14,338.9 | 3,709.6 | 3,679.9 | 3,782.0 | 14,253.4 | 14,306.3 | 14,294.3 |
| Dec. 3, 2018 | 3,726.2 | 3,731.2 | 3,832.2 | 14,281.5 | 14,331.8 | 14,394.6 | 3,707.7 | 3,725.4 | 3,906.0 | 14,267.9 | 14,338.8 | 14,428.8 |
| Percent change at seasonally adjusted annual rates | M1 | M2 |
|---|---|---|
| Thirteen weeks ending December 3, 2018 from thirteen weeks ending: | ||
| Sept. 3, 2018 (13 weeks previous) | 5.1 | 3.3 |
| June 4, 2018 (26 weeks previous) | 3.6 | 4.3 |
| Dec. 4, 2017 (52 weeks previous) | 3.8 | 3.8 |
Footnotes
Components may not add to totals due to rounding.
Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision.
Table 3
Seasonally Adjusted Components of M1. Billions of dollars.| Date | Currency 1 | Traveler's checks 2 | Demand deposits 3 | Other checkable deposits | ||
|---|---|---|---|---|---|---|
| At commercial banks 4 | At thrift institutions 5 | Total | ||||
| Month | ||||||
| July 2017 | 1,485.4 | 2.0 | 1,469.6 | 294.6 | 279.1 | 573.6 |
| Aug. 2017 | 1,493.8 | 2.0 | 1,487.2 | 301.1 | 279.6 | 580.7 |
| Sept. 2017 | 1,503.2 | 2.0 | 1,476.4 | 300.7 | 281.8 | 582.5 |
| Oct. 2017 | 1,512.3 | 1.9 | 1,490.6 | 305.0 | 281.9 | 586.9 |
| Nov. 2017 | 1,518.1 | 1.9 | 1,492.1 | 307.4 | 287.0 | 594.4 |
| Dec. 2017 | 1,525.8 | 1.9 | 1,478.3 | 306.1 | 286.7 | 592.8 |
| Jan. 2018 | 1,538.2 | 1.9 | 1,503.8 | 315.8 | 287.4 | 603.2 |
| Feb. 2018 | 1,540.2 | 1.9 | 1,475.8 | 311.9 | 284.4 | 596.3 |
| Mar. 2018 | 1,548.7 | 1.9 | 1,510.1 | 314.1 | 289.7 | 603.9 |
| Apr. 2018 | 1,558.0 | 1.8 | 1,490.4 | 318.0 | 292.4 | 610.4 |
| May 2018 | 1,569.0 | 1.8 | 1,472.0 | 321.9 | 289.3 | 611.1 |
| June 2018 | 1,580.3 | 1.8 | 1,463.3 | 318.1 | 294.6 | 612.7 |
| July 2018 | 1,589.8 | 1.8 | 1,458.7 | 323.3 | 293.7 | 617.0 |
| Aug. 2018 | 1,598.9 | 1.8 | 1,476.4 | 328.7 | 295.0 | 623.7 |
| Sept. 2018 | 1,610.7 | 1.7 | 1,487.2 | 330.2 | 297.5 | 627.7 |
| Oct. 2018 | 1,617.2 | 1.7 | 1,479.4 | 341.4 | 298.5 | 639.9 |
| Nov. 2018 | 1,621.3 | 1.7 | 1,461.6 | 336.8 | 295.0 | 631.7 |
| Week ending | ||||||
| Oct. 8, 2018 | 1,614.8 | 1.7 | 1,454.8 | 336.0 | 294.7 | 630.7 |
| Oct. 15, 2018 | 1,616.2 | 1.7 | 1,485.0 | 341.5 | 297.1 | 638.6 |
| Oct. 22, 2018 | 1,618.0 | 1.7 | 1,503.9 | 349.5 | 299.7 | 649.2 |
| Oct. 29, 2018 | 1,619.2 | 1.7 | 1,478.0 | 343.5 | 301.4 | 644.9 |
| Nov. 5, 2018 | 1,618.6 | 1.7 | 1,457.7 | 333.7 | 297.7 | 631.4 |
| Nov. 12, 2018 | 1,620.0 | 1.7 | 1,448.3 | 336.5 | 292.8 | 629.3 |
| Nov. 19, 2018 | 1,621.2 | 1.7 | 1,442.5 | 335.9 | 291.7 | 627.6 |
| Nov. 26, 2018 | 1,622.7 | 1.7 | 1,442.7 | 338.0 | 295.2 | 633.2 |
| Dec. 3, 2018 | 1,624.0 | 1.7 | 1,564.3 | 340.5 | 301.7 | 642.2 |
Footnotes
Components may not add to totals due to rounding.
e estimated
- Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
- Outstanding amount of U.S. dollar-denominated traveler's checks of nonbank issuers. Traveler's checks issued by depository institutions are included in demand deposits.
- Demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float.
- NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
- NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions.
Table 4
Seasonally Adjusted Components of Non-M1 M2. Billions of dollars.| Date | Savings deposits 1 | Small-denomination time deposits 2 | Retail money funds 3 |
Total non-M1 M2 |
Memorandum: Institutional money funds 4 |
||||
|---|---|---|---|---|---|---|---|---|---|
| At commercial banks |
At thrift institutions |
Total | At commercial banks |
At thrift institutions |
Total | ||||
| Month | |||||||||
| July 2017 | 7,696.8 | 1,318.3 | 9,015.1 | 276.4 | 100.8 | 377.2 | 692.4 | 10,084.7 | 1,727.3 |
| Aug. 2017 | 7,700.4 | 1,318.2 | 9,018.6 | 281.9 | 103.4 | 385.2 | 698.0 | 10,101.8 | 1,762.8 |
| Sept. 2017 | 7,736.2 | 1,312.2 | 9,048.4 | 288.3 | 107.9 | 396.2 | 700.0 | 10,144.6 | 1,800.2 |
| Oct. 2017 | 7,758.9 | 1,301.8 | 9,060.7 | 292.4 | 108.9 | 401.3 | 702.3 | 10,164.3 | 1,807.7 |
| Nov. 2017 | 7,774.6 | 1,295.7 | 9,070.3 | 295.8 | 109.4 | 405.2 | 703.7 | 10,179.2 | 1,794.4 |
| Dec. 2017 | 7,823.7 | 1,298.8 | 9,122.5 | 299.7 | 110.4 | 410.0 | 705.2 | 10,237.8 | 1,827.3 |
| Jan. 2018 | 7,773.2 | 1,306.9 | 9,080.1 | 307.2 | 109.2 | 416.4 | 700.7 | 10,197.3 | 1,831.1 |
| Feb. 2018 | 7,804.0 | 1,318.4 | 9,122.4 | 315.5 | 106.5 | 422.0 | 711.7 | 10,256.2 | 1,835.0 |
| Mar. 2018 | 7,786.3 | 1,338.5 | 9,124.8 | 326.9 | 104.8 | 431.7 | 713.8 | 10,270.3 | 1,849.7 |
| Apr. 2018 | 7,824.9 | 1,307.4 | 9,132.3 | 344.2 | 99.7 | 443.9 | 721.5 | 10,297.7 | 1,867.2 |
| May 2018 | 7,850.8 | 1,325.1 | 9,175.9 | 355.0 | 101.2 | 456.2 | 742.7 | 10,374.9 | 1,860.4 |
| June 2018 | 7,906.4 | 1,327.6 | 9,234.0 | 366.7 | 102.5 | 469.2 | 754.1 | 10,457.2 | 1,879.8 |
| July 2018 | 7,907.8 | 1,331.4 | 9,239.2 | 376.0 | 104.3 | 480.3 | 760.4 | 10,479.9 | 1,875.4 |
| Aug. 2018 | 7,917.5 | 1,334.2 | 9,251.6 | 384.6 | 108.1 | 492.7 | 766.1 | 10,510.5 | 1,860.1 |
| Sept. 2018 | 7,901.9 | 1,330.7 | 9,232.6 | 395.9 | 110.0 | 506.0 | 775.8 | 10,514.4 | 1,869.9 |
| Oct. 2018 | 7,886.5 | 1,333.7 | 9,220.2 | 406.0 | 112.0 | 518.0 | 794.0 | 10,532.3 | 1,849.6 |
| Nov. 2018 | 7,916.7 | 1,331.7 | 9,248.4 | 422.5 | 115.3 | 537.8 | 815.2 | 10,601.3 | 1,851.0 |
| Week ending | |||||||||
| Oct. 8, 2018 | 7,910.9 | 1,327.0 | 9,237.9 | 400.6 | 110.8 | 511.3 | 784.9 | 10,534.2 | 1,851.8 |
| Oct. 15, 2018 | 7,896.9 | 1,317.8 | 9,214.7 | 404.5 | 111.4 | 515.9 | 790.0 | 10,520.5 | 1,858.4 |
| Oct. 22, 2018 | 7,864.2 | 1,333.9 | 9,198.1 | 407.0 | 112.3 | 519.3 | 797.1 | 10,514.5 | 1,850.0 |
| Oct. 29, 2018 | 7,871.4 | 1,352.5 | 9,223.8 | 411.0 | 113.1 | 524.1 | 801.9 | 10,549.8 | 1,839.0 |
| Nov. 5, 2018 | 7,892.1 | 1,335.9 | 9,228.0 | 414.7 | 113.9 | 528.5 | 810.1 | 10,566.7 | 1,838.3 |
| Nov. 12, 2018 | 7,908.9 | 1,321.6 | 9,230.5 | 420.2 | 114.4 | 534.6 | 815.6 | 10,580.8 | 1,845.4 |
| Nov. 19, 2018 | 7,944.3 | 1,326.1 | 9,270.4 | 423.2 | 115.6 | 538.9 | 811.3 | 10,620.5 | 1,858.9 |
| Nov. 26, 2018 | 7,937.8 | 1,345.1 | 9,282.9 | 425.2 | 115.9 | 541.1 | 814.7 | 10,638.7 | 1,863.1 |
| Dec. 3, 2018 | 7,849.7 | 1,336.9 | 9,186.6 | 430.4 | 117.1 | 547.4 | 828.3 | 10,562.3 | 1,841.6 |
Footnotes
Components may not add to totals due to rounding.
- Savings deposits include money market deposit accounts.
- Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits.
- IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds.
- Institutional money funds are not part of non-M1 M2.
Table 5
Not Seasonally Adjusted Components of M1. Billions of dollars.| Date | Currency 1 | Traveler's checks 2 | Demand deposits 3 | Other checkable deposits | ||
|---|---|---|---|---|---|---|
| At commercial banks 4 | At thrift institutions 5 | Total | ||||
| Month | ||||||
| July 2017 | 1,485.8 | 2.0 | 1,485.0 | 289.7 | 276.9 | 566.6 |
| Aug. 2017 | 1,490.7 | 2.0 | 1,505.7 | 298.1 | 278.1 | 576.2 |
| Sept. 2017 | 1,499.7 | 2.0 | 1,461.0 | 294.1 | 276.6 | 570.7 |
| Oct. 2017 | 1,507.6 | 1.9 | 1,501.9 | 300.4 | 276.7 | 577.1 |
| Nov. 2017 | 1,514.8 | 1.9 | 1,482.4 | 300.5 | 284.9 | 585.4 |
| Dec. 2017 | 1,527.4 | 1.9 | 1,509.7 | 312.2 | 285.7 | 597.9 |
| Jan. 2018 | 1,528.7 | 1.9 | 1,495.9 | 325.1 | 284.7 | 609.7 |
| Feb. 2018 | 1,538.2 | 1.9 | 1,424.9 | 309.2 | 284.3 | 593.6 |
| Mar. 2018 | 1,555.3 | 1.9 | 1,510.0 | 320.7 | 298.4 | 619.1 |
| Apr. 2018 | 1,564.9 | 1.8 | 1,498.4 | 327.6 | 300.4 | 627.9 |
| May 2018 | 1,575.9 | 1.8 | 1,466.0 | 321.0 | 292.7 | 613.6 |
| June 2018 | 1,584.5 | 1.8 | 1,464.0 | 317.0 | 293.9 | 610.9 |
| July 2018 | 1,590.1 | 1.8 | 1,478.6 | 317.6 | 292.4 | 610.0 |
| Aug. 2018 | 1,596.2 | 1.8 | 1,495.7 | 325.3 | 293.3 | 618.6 |
| Sept. 2018 | 1,606.9 | 1.7 | 1,472.5 | 322.9 | 291.6 | 614.5 |
| Oct. 2018 | 1,612.3 | 1.7 | 1,491.6 | 337.0 | 293.2 | 630.2 |
| Nov. 2018 | 1,618.1 | 1.7 | 1,453.1 | 329.8 | 293.4 | 623.2 |
| Week ending | ||||||
| Oct. 8, 2018 | 1,613.0 | 1.7 | 1,383.4 | 319.8 | 286.8 | 606.6 |
| Oct. 15, 2018 | 1,611.6 | 1.7 | 1,400.3 | 322.2 | 286.9 | 609.1 |
| Oct. 22, 2018 | 1,611.9 | 1.7 | 1,499.6 | 344.5 | 293.3 | 637.8 |
| Oct. 29, 2018 | 1,612.6 | 1.7 | 1,629.8 | 359.9 | 299.9 | 659.8 |
| Nov. 5, 2018 | 1,615.5 | 1.7 | 1,476.7 | 331.4 | 298.5 | 629.9 |
| Nov. 12, 2018 | 1,617.5 | 1.7 | 1,343.8 | 313.6 | 286.4 | 600.0 |
| Nov. 19, 2018 | 1,617.4 | 1.7 | 1,415.8 | 325.7 | 290.1 | 615.7 |
| Nov. 26, 2018 | 1,620.7 | 1.7 | 1,520.6 | 344.1 | 295.0 | 639.1 |
| Dec. 3, 2018 | 1,619.2 | 1.7 | 1,633.9 | 344.2 | 307.0 | 651.2 |
Footnotes
Components may not add to totals due to rounding.
e estimated
- Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
- Outstanding amount of U.S. dollar-denominated traveler's checks of nonbank issuers. Traveler's checks issued by depository institutions are included in demand deposits.
- Demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float.
- NOW and ATS balances at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
- NOW and ATS balances at thrift institutions, credit union share draft balances, and demand deposits at thrift institutions.
Table 6
Not Seasonally Adjusted Components of Non-M1 M2. Billions of dollars.| Date | Savings deposits 1 | Small-denomination time deposits 2 | Retail money funds 3 |
Total non-M1 M2 |
Memorandum: Institutional money funds 4 |
||||
|---|---|---|---|---|---|---|---|---|---|
| At commercial banks |
At thrift institutions |
Total | At commercial banks |
At thrift institutions |
Total | ||||
| Month | |||||||||
| July 2017 | 7,656.1 | 1,311.3 | 8,967.5 | 278.0 | 101.4 | 379.3 | 683.1 | 10,029.9 | 1,699.8 |
| Aug. 2017 | 7,668.8 | 1,312.8 | 8,981.6 | 283.0 | 103.8 | 386.8 | 690.0 | 10,058.4 | 1,760.3 |
| Sept. 2017 | 7,749.8 | 1,314.5 | 9,064.3 | 288.9 | 108.1 | 397.0 | 693.7 | 10,155.0 | 1,787.7 |
| Oct. 2017 | 7,744.1 | 1,299.3 | 9,043.4 | 293.1 | 109.2 | 402.3 | 694.7 | 10,140.4 | 1,800.7 |
| Nov. 2017 | 7,805.1 | 1,300.8 | 9,105.9 | 295.6 | 109.3 | 404.9 | 696.4 | 10,207.2 | 1,804.7 |
| Dec. 2017 | 7,858.8 | 1,304.7 | 9,163.5 | 298.1 | 109.8 | 407.8 | 711.6 | 10,282.9 | 1,865.6 |
| Jan. 2018 | 7,763.1 | 1,305.2 | 9,068.3 | 305.4 | 108.5 | 413.9 | 718.8 | 10,201.1 | 1,862.7 |
| Feb. 2018 | 7,808.9 | 1,319.2 | 9,128.1 | 314.7 | 106.2 | 420.9 | 724.0 | 10,273.0 | 1,860.5 |
| Mar. 2018 | 7,829.4 | 1,345.9 | 9,175.2 | 325.7 | 104.4 | 430.1 | 727.1 | 10,332.4 | 1,865.9 |
| Apr. 2018 | 7,876.9 | 1,316.1 | 9,193.0 | 343.5 | 99.5 | 443.0 | 725.8 | 10,361.7 | 1,845.4 |
| May 2018 | 7,806.6 | 1,317.7 | 9,124.3 | 355.1 | 101.3 | 456.3 | 737.1 | 10,317.7 | 1,837.6 |
| June 2018 | 7,871.2 | 1,321.6 | 9,192.8 | 367.9 | 102.8 | 470.7 | 744.8 | 10,408.3 | 1,853.8 |
| July 2018 | 7,863.1 | 1,323.9 | 9,186.9 | 378.0 | 104.8 | 482.8 | 750.3 | 10,420.0 | 1,844.8 |
| Aug. 2018 | 7,886.8 | 1,329.0 | 9,215.8 | 386.5 | 108.6 | 495.1 | 757.3 | 10,468.1 | 1,857.3 |
| Sept. 2018 | 7,916.6 | 1,333.2 | 9,249.8 | 397.4 | 110.4 | 507.8 | 768.1 | 10,525.7 | 1,858.8 |
| Oct. 2018 | 7,871.7 | 1,331.2 | 9,202.9 | 407.7 | 112.4 | 520.1 | 784.6 | 10,507.6 | 1,842.1 |
| Nov. 2018 | 7,944.6 | 1,336.4 | 9,281.0 | 422.7 | 115.4 | 538.1 | 806.2 | 10,625.3 | 1,860.5 |
| Week ending | |||||||||
| Oct. 8, 2018 | 8,006.5 | 1,343.0 | 9,349.6 | 402.5 | 111.3 | 513.8 | 778.2 | 10,641.6 | 1,840.9 |
| Oct. 15, 2018 | 8,020.1 | 1,338.4 | 9,358.5 | 406.4 | 111.9 | 518.3 | 782.8 | 10,659.6 | 1,852.3 |
| Oct. 22, 2018 | 7,843.3 | 1,330.4 | 9,173.6 | 408.5 | 112.7 | 521.2 | 787.7 | 10,482.6 | 1,832.6 |
| Oct. 29, 2018 | 7,665.6 | 1,317.1 | 8,982.7 | 412.2 | 113.5 | 525.7 | 789.1 | 10,297.6 | 1,840.9 |
| Nov. 5, 2018 | 7,911.5 | 1,339.2 | 9,250.7 | 415.7 | 114.2 | 529.9 | 794.2 | 10,574.7 | 1,838.5 |
| Nov. 12, 2018 | 8,047.6 | 1,344.7 | 9,392.3 | 420.9 | 114.7 | 535.6 | 803.7 | 10,731.6 | 1,852.2 |
| Nov. 19, 2018 | 8,007.9 | 1,336.7 | 9,344.7 | 423.5 | 115.7 | 539.2 | 803.1 | 10,687.0 | 1,865.1 |
| Nov. 26, 2018 | 7,832.7 | 1,327.3 | 9,160.0 | 424.9 | 115.8 | 540.7 | 811.6 | 10,512.3 | 1,874.4 |
| Dec. 3, 2018 | 7,822.3 | 1,332.3 | 9,154.6 | 429.6 | 116.8 | 546.5 | 821.7 | 10,522.8 | 1,870.4 |
Footnotes
Components may not add to totals due to rounding.
- Savings deposits include money market deposit accounts.
- Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits.
- IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds.
- Institutional money funds are not part of non-M1 M2.
Table 7
Other Memorandum Items. Billions of dollars, not seasonally adjusted.| Date | Demand deposits at banks due to | Time and savings deposits due to foreign banks and official institutions |
IRA and Keogh accounts | ||||
|---|---|---|---|---|---|---|---|
| Foreign commercial banks |
Foreign official institutions |
At commercial banks |
At thrift institutions |
At money market funds |
Total | ||
| July 2017 | 90.1 | 23.0 | 66.7 | 321.3 | 155.1 | 245.4 | 721.8 |
| Aug. 2017 | 89.6 | 22.9 | 65.4 | 323.7 | 152.5 | 246.9 | 723.1 |
| Sept. 2017 | 89.1 | 22.6 | 64.2 | 325.9 | 150.1 | 248.2 | 724.2 |
| Oct. 2017 | 89.0 | 22.6 | 63.4 | 327.3 | 148.8 | 248.8 | 725.0 |
| Nov. 2017 | 89.3 | 22.6 | 62.8 | 328.0 | 148.6 | 248.8 | 725.4 |
| Dec. 2017 | 89.5 | 22.8 | 62.2 | 328.7 | 148.5 | 248.8 | 725.9 |
| Jan. 2018 | 91.2 | 22.9 | 61.7 | 327.5 | 149.7 | 247.2 | 724.3 |
| Feb. 2018 | 93.8 | 22.9 | 61.2 | 325.0 | 151.9 | 244.6 | 721.5 |
| Mar. 2018 | 96.4 | 23.0 | 60.7 | 322.6 | 154.0 | 242.1 | 718.7 |
| Apr. 2018 | 96.0 | 22.7 | 61.1 | 320.8 | 155.3 | 241.2 | 717.2 |
| May 2018 | 92.9 | 22.1 | 62.2 | 319.5 | 155.6 | 241.9 | 717.0 |
| June 2018 | 89.9 | 21.5 | 63.4 | 318.3 | 156.0 | 242.5 | 716.8 |
| July 2018 | 88.5 e | 21.2 e | 63.9 e | 317.8 e | 156.2 e | 244.5 e | 718.4 e |
| Aug. 2018 | 88.5 e | 21.2 e | 63.9 e | 317.8 e | 156.2 e | 247.5 e | 721.5 e |
| Sept. 2018 | 88.5 e | 21.2 e | 63.9 e | 317.8 e | 156.2 e | 250.5 e | 724.4 e |
| Oct. 2018 | 88.5 e | 21.3 e | 63.9 e | 317.8 e | 156.2 e | 251.7 e | 725.6 e |
| Nov. 2018 | 88.5 e | 21.2 e | 63.9 e | 317.8 e | 156.2 e | 251.7 e | 725.6 e |
Footnotes
Components may not add to totals due to rounding.
e estimated
Table 7 (continued)
Other Memorandum Items (continued). Billions of dollars, not seasonally adjusted.| Date | U.S. government deposits | |||
|---|---|---|---|---|
| Demand deposits at commercial banks |
Balance at Federal Reserve | Total cash balance | Time and savings deposits at commercial banks |
|
| Month | ||||
| July 2017 | 1.2 | 180.7 | 181.8 | 1.4 |
| Aug. 2017 | 1.4 | 108.0 | 109.4 | 1.4 |
| Sept. 2017 | 1.7 | 107.6 | 109.3 | 1.5 |
| Oct. 2017 | 1.8 | 181.6 | 183.4 | 1.6 |
| Nov. 2017 | 1.9 | 172.8 | 174.7 | 1.7 |
| Dec. 2017 | 2.1 | 147.0 | 149.1 | 1.9 |
| Jan. 2018 | 2.4 | 238.8 | 241.1 | 1.9 |
| Feb. 2018 | 3.0 | 204.7 | 207.7 | 1.9 |
| Mar. 2018 | 3.2 | 273.4 | 276.6 | 1.9 |
| Apr. 2018 | 3.4 | 325.0 | 328.4 | 1.9 |
| May 2018 | 3.4 | 339.4 | 342.8 | 1.9 |
| June 2018 | 3.5 | 325.9 | 329.5 | 1.9 |
| July 2018 | 3.5 | 338.2 | 341.7 | 1.9 e |
| Aug. 2018 | 3.4 | 338.4 | 341.8 | 1.9 e |
| Sept. 2018 | 3.5 | 338.7 | 342.3 | 1.9 e |
| Oct. 2018 | 3.8 | 351.4 | 355.2 | 1.9 e |
| Nov. 2018 | 3.7 | 333.7 | 337.4 | 1.9 e |
| Week ending | ||||
| Oct. 8, 2018 | 3.6 | 336.3 | 339.9 | |
| Oct. 15, 2018 | 3.8 | 319.7 | 323.5 | |
| Oct. 22, 2018 | 3.9 | 369.0 | 372.9 | |
| Oct. 29, 2018 | 4.0 | 372.3 | 376.4 | |
| Nov. 5, 2018 | 3.7 | 336.1 | 339.8 | |
| Nov. 12, 2018 | 3.7 | 334.4 | 338.1 | |
| Nov. 19, 2018 | 3.7 | 334.3 | 338.0 | |
| Nov. 26, 2018 | 3.8 | 335.6 | 339.4 | |
| Dec. 3, 2018 | 3.7 | 341.8 | 345.5 | |
Footnotes
e estimated
Note: Current and historical H.6 data are available each week on the Federal Reserve Board's website (http://www.federalreserve.gov/). Monthly data are available back to January 1959, and weekly data are available back to January 1975 for most series.
Last Update: December 13, 2018