FEDERAL RESERVE statistical release

H.6 (508)
Table 1

MONEY STOCK AND DEBT MEASURES

For release at 4:30 p.m. Eastern Time

Billions of dollars

Date

July 5, 2001

M1 1

M2 2

M33

DEBT4

Seasonally adjusted
1999-June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1099.8
1097.5
1095.8
1093.4
1097.0
1107.4
1124.8

4517.1
4543.8
4561.8
4578.4
4599.7
4625.9
4653.3

6227.9
6258.8
6280.1
6306.1
6360.3
6446.1
6530.6

16798.3
16868.7
16963.6
17069.1
17150.0
17214.9
17315.1

2000-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1123.3
1109.2
1113.7
1117.9
1106.7
1105.3
1103.3
1099.4
1096.0
1096.1
1087.2
1088.2

4675.5
4690.9
4721.5
4759.7
4766.6
4787.8
4807.9
4838.1
4870.1
4891.5
4906.9
4945.2

6572.3
6605.4
6676.5
6728.3
6760.5
6810.8
6859.0
6917.4
6969.5
6991.8
7018.3
7101.3

17388.7
17444.0
17551.6
17649.6
17724.9
17805.3
17868.9
17927.1
18001.3
18051.4
18132.8
18222.1

2001-Jan.
Feb.
Mar.
Apr.
May

1099.6
1100.4
1113.1
1118.0
1117.5

4995.3
5040.6
5101.1
5145.1
5166.8

7194.6
7253.7
7311.3
7418.7
7500.8

18272.4
18347.9
18440.4
18492.4 p

Not seasonally adjusted
1999-June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1097.2
1096.7
1092.7
1086.3
1095.3
1113.3
1148.3

4502.5
4526.5
4548.6
4561.7
4582.5
4620.8
4677.3

6208.2
6219.9
6250.3
6266.9
6329.5
6445.0
6568.1

16735.5
16801.8
16903.6
17012.5
17098.3
17191.7
17310.5

2000-Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sep.
Oct.
Nov.
Dec.

1126.4
1096.8
1108.1
1124.9
1100.4
1102.6
1103.9
1095.8
1090.5
1093.5
1093.3
1112.4

4686.8
4687.8
4748.8
4817.4
4743.8
4769.2
4787.6
4820.1
4855.3
4869.0
4899.1
4973.8

6599.0
6629.9
6726.0
6786.9
6742.3
6785.3
6813.6
6880.4
6927.6
6949.8
7013.9
7146.3

17383.3
17433.3
17545.6
17621.7
17665.1
17740.4
17798.6
17864.1
17944.3
18003.4
18109.4
18214.7

2001-Jan.
Feb.
Mar.
Apr.
May

1099.8
1087.8
1107.8
1123.2
1111.5

5004.7
5039.5
5135.6
5209.1
5142.7

7224.8
7288.5
7373.4
7481.5
7476.4

18269.7
18343.3
18439.4
18464.5 p

Footnotes appear on the following page
p preliminary
Components may not add to totals due to rounding.

Page 2
H.6 (508)
Table 2

MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates
M2

M3

DEBT1

3 Months from Feb. 2001 TO May

2001

6.2

10.0

13.6

4.8

6 Months from Nov. 2000 TO May

2001

5.6

10.6

13.7

4.9

2001

1.0

8.4

11.0

4.8

5.8

10.4

13.7

Dec. 25, 2000 (26 weeks previous)

5.3

10.5

13.1

June 26, 2000 (52 weeks previous)

0.8

8.4

10.7

12 Months from May

2000 TO May

Thirteen weeks ending June 25 , 2001
from thirteen weeks ending:
Mar. 26, 2001 (13 weeks previous)

1.

M1

Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, January 2001 to April 2001, October 2000 to April 2001,
and April 2000 to April 2001, respectively.

Footnotes to Table 1:
1.

2.

3.

4.

Consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) travelers checks of nonbank issuers; (3) demand
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.
Consists of M1 plus savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—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.
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 seasonally adjusted separately, and adding this
result to seasonally adjusted M2.
Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including governmentsponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board’s flow of funds accounts, are break-adjusted (that is, discontinuities in the
data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the debt
data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve releases Z.7 and Z.1. In those releases, published levels of
credit market debt are measured on a quarter-end basis and contain discontinuities.
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 Publications 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.

Page 3
H.6 (508)
Table 3

MONEY STOCK MEASURES
Billions of dollars
Seasonally adjusted
M1
Period ending

M2

M3

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

13-week
average

4-week
average

week
average

2
9
16
23
30

1105.0
1105.8
1107.7
1109.0
1110.8

1113.0
1113.4
1115.0
1116.8
1117.6

1124.8
1102.6
1118.6
1121.1
1128.1

5048.9
5061.3
5074.1
5085.1
5095.8

5109.1
5121.0
5135.1
5144.3
5145.7

5132.7
5134.0
5155.9
5154.4
5138.5

7257.6
7274.9
7292.3
7308.4
7327.7

7324.9
7352.3
7387.7
7406.6
7420.4

7393.2
7382.4
7425.4
7425.4
7448.5

May

7
14
21
28

1111.2
1112.5
1114.0
1115.0

1119.1
1115.7
1115.6
1114.2

1108.7
1104.8
1120.6
1122.8

5105.2
5115.1
5125.2
5134.1

5150.1
5150.1
5155.1
5162.0

5151.6
5155.7
5174.6
5166.1

7344.5
7362.2
7381.7
7402.2

7436.7
7448.8
7471.2
7492.4

7447.4
7473.7
7515.1
7533.2

June

4
11
18p
25p

1116.4
1117.2
1118.2
1119.0

1120.5
1122.2
1123.3
1123.6

1133.9
1111.3
1125.1
1124.1

5143.0
5151.0
5160.3
5167.6

5172.2
5180.9
5192.3
5203.8

5192.2
5190.5
5220.4
5212.1

7423.8
7445.7
7469.3
7486.8

7520.3
7541.3
7560.2
7570.9

7559.2
7557.6
7590.6
7576.1

2001-Apr.

Not seasonally adjusted
2
9
16
23
30

1099.1
1099.1
1101.8
1104.3
1106.9

1110.8
1114.4
1119.8
1124.3
1122.2

1138.3
1104.8
1126.2
1128.0
1129.8

5064.4
5079.9
5097.6
5113.2
5126.8

5141.9
5167.7
5199.5
5219.8
5208.5

5179.6
5232.6
5260.0
5206.9
5134.3

7300.8
7321.4
7342.0
7360.1
7379.2

7381.6
7414.4
7461.8
7483.7
7481.8

7439.1
7489.1
7537.0
7469.5
7431.5

May

7
14
21
28

1107.4
1109.2
1111.3
1112.9

1120.9
1113.4
1109.9
1107.5

1099.5
1096.3
1113.9
1120.3

5137.1
5146.1
5154.0
5160.0

5188.3
5159.7
5143.6
5140.7

5151.9
5145.8
5142.5
5122.7

7394.8
7408.6
7423.0
7437.7

7470.1
7451.7
7455.1
7470.8

7442.2
7463.6
7483.1
7494.3

June

4
11
18p
25p

1114.9
1116.1
1117.5
1118.4

1115.7
1118.1
1120.1
1120.6

1132.1
1106.2
1121.8
1122.1

5166.3
5171.9
5177.6
5179.6

5152.1
5166.2
5182.3
5189.7

5197.5
5202.0
5206.8
5152.6

7453.8
7470.3
7487.1
7496.0

7500.8
7528.3
7549.0
7549.8

7562.3
7573.3
7566.1
7497.3

2001-Apr.

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 preliminary data.
Components may not add to totals due to rounding.

Page 4
H.6 (508)
Table 4

SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Other checkable deposits
Currency 1

Date

Travelers checks2

Demand deposits3

2000-Jan.
Feb.
Mar.

524.8
517.9
516.0

8.2
8.1
8.2

346.7
341.5
344.9

141.6
137.5
137.4

At thrift
institutions5
102.0
104.2
107.3

Apr.
May
June

516.7
518.7
520.9

8.1
8.3
8.8

344.0
336.5
333.5

140.4
135.8
134.3

108.7
107.3
107.7

249.1
243.2
242.0

July
Aug.
Sep.

522.4
523.5
524.7

9.3
9.3
8.9

332.0
326.1
323.2

132.0
133.3
132.3

107.6
107.2
106.9

239.6
240.5
239.2

Oct.
Nov.
Dec.

526.3
527.6
529.9

8.4
8.0
8.0

321.4
313.5
311.3

134.7
133.2
134.7

105.5
104.9
104.3

240.1
238.1
239.0

2001-Jan.
Feb.
Mar.

534.5
537.7
539.8

8.1
8.0
7.9

315.2
313.4
316.5

136.7
133.2
136.1

105.1
108.2
112.8

241.9
241.4
248.9

Apr.
May

542.6
546.0

7.8
8.0

313.0
312.4

139.6
136.9

115.1
114.1

254.8
251.1

543.3

7.7

319.5

144.8

112.7

257.5

At commercial banks4

Week ending
2001-Apr. 30

1.
2.
3.
4.
5.

Total
243.6
241.7
244.7

May

7
14
21
28

544.3
544.7
545.7
547.8

7.8
7.9
8.0
8.1

308.1
304.7
315.8
313.8

132.9
133.2
137.8
141.4

115.5
114.3
113.4
111.8

248.4
247.5
251.2
253.2

June

4
11
18p
25p

548.9
547.5
548.1
549.0

8.1
8.1 e
8.1 e
8.1 e

318.6
302.9
313.6
311.2

138.3
132.6
136.4
140.7

119.9
120.1
118.9
115.1

258.2
252.8
255.3
255.9

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e estimated
p preliminary
Components may not add to totals due to rounding.

Page 5
H.6 (508)
Table 5

SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Small-denomination time deposits2

Savings deposits 1
Date

At commercial
banks

Total

At commercial
banks

At thrift
institutions

Total

Retail
money
funds

Total
Non-M1 M2

2000-Jan.
Feb.
Mar.

1287.6
1301.5
1306.5

446.9
449.1
450.8

1734.5
1750.6
1757.3

641.0
646.8
652.3

323.3
324.6
326.1

964.4
971.4
978.4

853.3
859.7
872.0

3552.2
3581.7
3607.7

Apr.
May
June

1320.0
1322.2
1331.4

446.8
452.5
452.1

1766.8
1774.7
1783.5

661.6
666.8
676.0

325.9
327.5
329.6

987.4
994.3
1005.6

887.5
890.9
893.5

3641.7
3659.9
3682.5

July
Aug.
Sep.

1345.3
1362.1
1383.6

452.4
454.8
454.8

1797.7
1816.9
1838.4

681.3
686.5
689.4

333.0
337.0
339.5

1014.3
1023.5
1028.9

892.6
898.3
906.8

3704.6
3738.7
3774.2

Oct.
Nov.
Dec.

1389.3
1402.7
1421.7

456.4
455.0
451.9

1845.7
1857.7
1873.5

691.6
694.6
699.7

342.1
344.8
346.6

1033.7
1039.4
1046.3

916.0
922.6
937.2

3795.4
3819.7
3857.0

2001-Jan.
Feb.
Mar.

1438.0
1467.6
1491.7

452.0
462.0
471.1

1889.9
1929.6
1962.7

702.8
700.0
695.9

349.8
350.6
349.6

1052.6
1050.6
1045.5

953.2
960.1
979.8

3895.8
3940.2
3988.0

Apr.
May

1517.0
1539.7

475.1
487.7

1992.1
2027.5

690.5
685.1

349.9
351.9

1040.4
1037.0

994.6
984.8

4027.1
4049.3

1496.6

478.9

1975.5

688.9

349.8

1038.8

996.2

4010.5

Week ending
2001-Apr. 30

1.
2.

At thrift
institutions

May

7
14
21
28

1541.0
1541.1
1540.7
1533.0

480.9
485.7
489.6
491.8

2021.9
2026.8
2030.3
2024.8

687.1
685.6
685.0
683.9

352.4
352.2
351.8
351.5

1039.4
1037.7
1036.8
1035.4

981.5
986.4
986.9
983.0

4042.9
4050.9
4054.0
4043.3

June

4
11
18p
25p

1548.3
1567.1
1572.3
1560.4

488.2
493.6
499.0
502.7

2036.5
2060.6
2071.4
2063.1

682.3
680.6
678.6
676.5

351.3
350.6
349.7
349.1

1033.6
1031.2
1028.4
1025.5

988.2
987.3
995.6
999.4

4058.3
4079.2
4095.3
4088.0

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p preliminary
Components may not add to totals due to rounding.

Page 6
H.6 (508)
Table 6

SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars

Date

3.
4.
5.

Large-denomination time deposits1
At commercial
banks 2

At thrift
institutions

Debt components5
RPs3

Eurodollars4

Total

Total
Non-M2 M3

Federal

Non-Federal

2000-Jan.
Feb.
Mar.

636.9
638.5
657.5

650.2
652.5
662.3

94.0
94.4
94.5

744.2
746.8
756.8

338.0
350.4
349.0

177.6
178.7
191.7

1896.8
1914.5
1955.0

3645.6
3608.0
3616.4

13743.1
13836.0
13935.1

Apr.
May
June

662.1
673.0
683.7

677.7
680.8
690.6

94.1
93.7
95.5

771.8
774.5
786.1

347.6
355.6
362.6

187.1
190.8
190.6

1968.6
1993.9
2023.0

3600.2
3546.1
3521.2

14049.4
14178.9
14284.0

July
Aug.
Sep.

705.6
721.2
738.3

696.1
707.1
704.7

98.0
100.1
101.6

794.1
807.2
806.4

364.2
361.3
362.2

187.2
189.6
192.5

2051.1
2079.3
2099.3

3510.1
3488.8
3474.9

14358.7
14438.3
14526.4

Oct.
Nov.
Dec.

744.7
752.7
768.3

699.3
703.5
726.5

103.3
103.7
103.2

802.5
807.1
829.6

361.1
356.6
361.1

191.9
194.9
197.1

2100.3
2111.3
2156.1

3445.7
3419.3
3400.5

14605.7
14713.6
14821.6

2001-Jan.
Feb.
Mar.

801.1
858.9
888.0

740.3
704.9
677.4

106.0
106.6
106.8

846.4
811.5
784.2

357.0
347.0
340.0

194.8
195.6
198.0

2199.3
2213.0
2210.2

3380.4
3372.1
3375.4

14892.0
14975.9
15065.0

Apr.
May

919.4
970.9

697.5
702.6

108.6
110.4

806.2
813.0

360.2
361.0

187.8
189.1

2273.6
2334.1

3344.7 p

15147.7 p

950.3

697.7

108.9

806.6

366.4

186.8

2310.0

950.3
958.6
971.4
992.6

681.9
689.7
710.3
720.9

109.4
110.3
111.0
111.0

791.3
800.1
821.3
831.9

365.1
367.5
356.5
357.7

189.1
191.8
191.2
184.9

2295.8
2318.0
2340.5
2367.1

996.0
997.7
1009.2
1006.5

718.4
708.0
699.6
696.9

110.2
109.5
109.2
109.2

828.6
817.5
808.7
806.1

354.4
364.1
363.8
360.3

188.0
187.9
188.5
191.1

2367.0
2367.1
2370.2
2364.0

Week ending
2001-Apr. 30

1.
2.

Institutional
money funds

May

7
14
21
28

June

4
11
18p
25p

Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
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.
Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
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.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p preliminary
Components may not add to totals due to rounding.

Page 7
H.6 (508)
Table 7

NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
Other checkable deposits
Currency 1

Date

Travelers checks2

Demand deposits3

2000-Jan.
Feb.
Mar.

522.9
516.5
515.9

8.4
8.3
8.3

348.9
332.3
339.2

143.8
137.3
137.8

At thrift
institutions5
102.3
102.5
106.9

Apr.
May
June

517.4
518.7
521.0

8.3
8.4
8.7

345.2
331.0
331.1

143.1
135.6
134.3

110.9
106.7
107.6

254.0
242.3
241.9

July
Aug.
Sep.

523.1
522.5
523.3

8.9
8.9
8.7

333.7
325.9
321.4

130.7
131.9
131.0

107.5
106.6
106.1

238.1
238.5
237.1

Oct.
Nov.
Dec.

524.9
528.2
535.2

8.4
8.2
8.1

321.5
318.8
326.6

133.5
132.6
135.9

105.3
105.6
106.6

238.8
238.2
242.5

2001-Jan.
Feb.
Mar.

532.3
536.2
539.8

8.2
8.2
8.0

315.2
304.3
311.4

138.9
132.9
136.4

105.2
106.2
112.2

244.1
239.2
248.6

Apr.
May

543.0
546.1

7.9
8.0

313.0
307.2

142.4
136.8

116.9
113.3

259.3
250.1

542.3

7.9

318.2

147.1

114.3

261.4

At commercial banks4

Week ending
2001-Apr. 30

1.
2.
3.
4.
5.

Total
246.1
239.8
244.6

May

7
14
21
28

546.0
545.6
545.6
547.4

8.0
8.0
8.1
8.1

296.9
298.0
311.2
312.0

132.7
132.3
137.3
141.7

115.9
112.4
111.8
111.1

248.6
244.7
249.1
252.8

June

4
11
18p
25p

547.9
549.3
548.6
548.6

8.1
8.1 e
8.0 e
7.9 e

317.0
297.5
310.4
309.3

138.4
131.8
136.3
141.4

120.7
119.5
118.5
114.9

259.1
251.3
254.8
256.3

Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
Outstanding amount of U.S. dollar-denominated travelers checks of nonbank issuers. Travelers checks issued by depository institutions are included in demand deposits.
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.
Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e estimated
p preliminary
Components may not add to totals due to rounding.

Page 8
H.6 (508)
Table 8

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
Small-denomination time deposits2

Savings deposits 1
Date

At commercial
banks

Total

At commercial
banks

At thrift
institutions

Total

Total
Non-M1 M2

2000-Jan.
Feb.
Mar.

1286.4
1294.7
1312.0

446.5
446.8
452.7

1732.9
1741.5
1764.7

642.3
648.8
653.6

324.0
325.7
326.8

966.3
974.5
980.4

861.2
875.0
895.6

3560.4
3590.9
3640.8

Apr.
May
June

1342.0
1318.6
1332.5

454.2
451.3
452.5

1796.2
1769.8
1785.0

661.9
664.8
672.7

326.0
326.5
328.0

987.8
991.3
1000.7

908.4
882.3
880.9

3692.5
3643.4
3666.6

July
Aug.
Sep.

1345.1
1357.1
1381.2

452.3
453.1
454.1

1797.4
1810.3
1835.3

679.7
685.6
689.4

332.2
336.6
339.6

1011.9
1022.1
1029.0

874.3
891.8
900.6

3683.7
3724.2
3764.9

Oct.
Nov.
Dec.

1379.9
1398.4
1426.4

453.3
453.7
453.4

1833.2
1852.1
1879.7

692.6
696.0
699.9

342.7
345.5
346.8

1035.3
1041.5
1046.7

907.0
912.2
935.0

3775.5
3805.8
3861.4

2001-Jan.
Feb.
Mar.

1435.7
1459.3
1498.5

451.2
459.4
473.2

1886.9
1918.7
1971.8

704.0
702.3
697.7

350.4
351.7
350.5

1054.5
1054.1
1048.1

963.5
978.8
1007.9

3904.9
3951.6
4027.8

Apr.
May

1542.1
1535.3

482.9
486.3

2025.0
2021.6

691.1
682.9

350.2
350.7

1041.2
1033.6

1019.6
976.0

4085.9
4031.3

1490.6

476.9

1967.5

688.4

349.6

1038.0

998.9

4004.5

Week ending
2001-Apr. 30

1.
2.

At thrift
institutions

Retail
money
funds

May

7
14
21
28

1555.8
1548.7
1531.4
1511.8

485.5
488.1
486.7
485.0

2041.3
2036.7
2018.1
1996.8

686.1
683.9
682.5
680.6

351.9
351.3
350.5
349.8

1038.0
1035.2
1033.0
1030.4

973.2
977.5
977.4
975.2

4052.5
4049.5
4028.5
4002.4

June

4
11
18p
25p

1566.0
1589.3
1578.5
1535.1

493.8
500.6
501.0
494.6

2059.8
2089.9
2079.5
2029.7

678.5
676.7
674.7
672.6

349.4
348.6
347.7
347.1

1028.0
1025.3
1022.4
1019.7

977.7
980.6
983.1
981.1

4065.4
4095.8
4085.0
4030.5

Savings deposits include money market deposit accounts.
Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p preliminary
Components may not add to totals due to rounding.

Page 9
H.6 (508)
Table 9

NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars

Date

3.
4.
5.

Large-denomination time deposits1

RPs3
Eurodollars 4

2000-Jan.
Feb.
Mar.

657.8
660.5
670.4

At commercial
banks2
643.7
652.4
667.3

Apr.
May
June

659.9
664.1
669.8

682.3
686.3
693.3

94.8
94.5
95.9

777.1
780.8
789.2

284.1
298.4
304.2

July
Aug.
Sep.

685.4
710.1
721.9

694.6
702.5
700.3

97.8
99.4
101.0

792.4
802.0
801.3

Oct.
Nov.
Dec.

735.2
756.5
786.2

696.2
704.6
725.8

102.8
103.8
103.1

2001-Jan.
Feb.
Mar.

828.0
888.9
905.6

734.0
705.3
682.8

Apr.
May

915.3
957.1

Week ending
2001-Apr. 30

1.
2.

Institutional
money funds

At thrift
institutions
93.1
94.4
95.2

736.7
746.8
762.4

At commercial
banks
272.1
290.8
290.4

Total

At thrift
institutions
65.9
64.1
61.6

Total
Non-M2 M3

Total

Debt components5
Federal

Non-Federal

338.0
354.9
352.1

179.7
180.0
192.4

1912.2
1942.1
1977.2

3639.0
3605.4
3633.7

13744.3
13827.9
13911.9

61.0
62.2
62.0

345.1
360.6
366.2

187.4
193.1
190.8

1969.5
1998.6
2016.0

3597.2
3514.0
3475.5

14024.5
14151.1
14264.9

300.9
295.6
294.0

62.8
65.1
64.9

363.7
360.7
358.9

184.6
187.5
190.2

2026.0
2060.3
2072.3

3448.3
3437.6
3426.4

14350.3
14426.5
14517.9

799.0
808.4
828.8

292.2
293.3
295.6

63.8
62.5
62.5

356.0
355.8
358.0

190.5
194.1
199.5

2080.8
2114.8
2172.5

3395.3
3401.2
3403.5

14608.1
14708.2
14811.2

105.1
106.7
107.6

839.1
812.0
790.5

294.3
287.1
279.9

62.1
64.4
62.9

356.4
351.5
342.8

196.6
196.7
199.0

2220.1
2249.1
2237.8

3373.2
3368.7
3392.5

14896.6
14974.6
15046.8

702.4
708.4

109.4
111.3

811.8
819.7

293.1
302.1

63.8
63.9

356.9
366.0

188.4
190.9

2272.3
2333.7

3341.0 p

15123.4 p

930.2

702.3

109.6

811.9

300.4

64.7

365.1

190.1

2297.3

May

7
14
21
28

931.2
945.5
961.1
981.0

691.0
697.5
714.3
724.1

110.9
111.6
111.6
111.5

801.8
809.1
825.9
835.6

303.6
308.8
297.0
300.0

64.3
63.1
63.6
64.9

367.9
371.9
360.6
364.9

189.3
191.3
193.1
190.0

2290.2
2317.8
2340.6
2371.5

June

4
11
18p
25p

979.6
988.9
987.5
981.0

721.6
712.7
704.4
700.4

110.7
110.3
109.9
109.8

832.2
823.0
814.4
810.2

299.5
306.7
305.5
298.3

63.1
63.7
63.8
64.4

362.6
370.4
369.2
362.8

190.4
189.0
188.1
190.8

2364.8
2371.3
2359.3
2344.7

Large-denomination time deposits are those issued in amounts of $100,000 or more, excluding those booked at international banking facilities.
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.
Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
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.
Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p preliminary
Components may not add to totals due to rounding.

Page 10
H.6 (508)
Table 10

MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted

2000-Jan.
Feb.
Mar.

9.7
9.3
8.8

1.4
1.3
1.2

Time and
savings
deposits
due to
foreign
banks and
official
institutions
30.6
29.2
27.9

Apr.
May
June

8.7
9.1
9.4

1.2
1.2
1.3

27.7
28.6
29.5

5.0
1.5
2.3

8.4
7.1
6.2

40.0
57.5
37.0

53.3
66.0
45.6

July
Aug.
Sep.

9.2
8.6
8.0

1.3
1.2
1.2

29.8
29.5
29.2

1.2
1.1
2.5

5.2
5.0
6.7

37.4
9.5
22.0

Oct.
Nov.
Dec.

8.2
9.0
9.9

1.2
1.4
1.6

29.4
29.9
30.5

1.4
1.2
1.5

5.3
5.1
5.8

2001-Jan.
Feb.
Mar.

9.5
8.4
7.3

1.5
1.4
1.3

32.1
34.2
36.4

2.6
1.2
1.2

6.7 e
6.7 e

1.2 e
1.2 e

37.5 e
37.5 e

Demand deposits
at banks due to
Date

Apr.
May

Foreign
commercial
banks

Foreign
official
institutions

Week ending
2001-Apr. 30

U.S. government deposits
Demand
deposits at
commercial
banks

Balance
at
Federal
Reserve

Note
balances at
depository
institutions1

Total
cash
balance

2.8
1.2
1.3

8.1
5.3
5.3

52.5
24.3
14.1

63.5
30.8
20.8

Time and
savings
deposits at
commercial
banks
5.4
5.4
5.5

At
commercial
banks

At
thrift
institutions

At
money
market
funds

Total

148.0
148.0
147.9

94.6
93.8
93.0

141.1
141.4
141.7

383.7
383.1
382.6

5.5
5.6
5.7

148.7
150.2
151.7

92.6
92.5
92.5

141.5
140.9
140.3

382.8
383.6
384.4

43.8
15.7
31.1

5.8
6.0
6.2

153.1
154.3
155.6

92.6
92.8
93.1

140.4
141.1
141.9

386.0
388.3
390.5

13.2
10.6
11.6

20.0
16.9
18.9

6.3
6.3
6.3

156.3
156.6
156.8

93.2
93.3
93.3

142.2
142.1
142.1

391.7
392.0
392.2

6.7
4.9
5.4

36.5
16.0
6.4

45.7
22.1
13.0

6.8
7.4
8.1

157.7
158.8
160.0

93.7
94.7
95.7

142.1 e
142.1 e
142.1 e

393.5 e
395.6 e
397.8 e

4.7
1.0

5.9
5.1

18.8
25.7

29.4
31.9

8.4 e
8.4 e

161.0 e
161.8 e

96.3 e
96.4 e

142.1 e
142.1 e

399.3 e
400.3 e

5.4

7.0

51.7

64.1

May

7
14
21
28

1.4
1.0
1.0
0.8

5.5
5.1
5.1
5.2

45.5
36.4
16.3
11.7

52.3
42.5
22.4
17.8

June

4
11
18p
25p

1.0
1.4
3.4
2.3

4.7
4.9
4.7
6.7

6.1
4.1
4.0
28.6

11.7
10.4
12.1
37.6

1. Source: Daily Treasury statement.
e estimated
p preliminary
Components may not add to totals due to rounding.

IRA and Keogh Accounts