1

FEDERAL RESERVE STATISTICAL RELEASE
H.6 (508)
Table 1
4:30 p.m.

These data are scheduled for release each Thursday at

January 23,
2003
MONEY STOCK MEASURES
Billions of dollars
--------------------------------------------------------------------------------------Date
M11
M22
M33
--------------------------------------------------------------------------------------Seasonally adjusted
--------------------------------------------------------------------------------------2001-Jan.
1095.8
4983.7
7207.8
Feb.
1098.9
5022.8
7274.0
Mar.
1107.4
5071.9
7327.0
Apr.
1109.7
5114.3
7430.5
May
1116.6
5140.4
7523.4
June
1125.6
5187.3
7612.1
July
1138.6
5227.1
7655.0
Aug.
1147.3
5264.4
7667.0
Sep.
1200.0
5374.4
7819.8
Oct.
1161.0
5367.9
7866.9
Nov.
1163.8
5414.4
7956.5
Dec.
1179.3
5458.6
8027.0

8018.8
8057.0
8051.8
8038.7
8118.5

2002-Jan.

1182.9

5468.2

Feb.

1184.8

5498.8

Mar.

1187.8

5493.0

Apr.

1176.7

5476.5

May

1183.4

5542.4

8159.2
8217.3
8291.3
8326.7
8348.7
8485.9

June

1190.2

5576.3

July

1197.4

5635.5

Aug.

1183.2

5680.3

Sep.

1191.2

5705.5

Oct.

1199.8

5754.6

Nov.

1201.0

5802.4

Dec. p

1219.1

5815.6

8541.2
--------------------------------------------------------------------------------------Not seasonally adjusted
--------------------------------------------------------------------------------------2001-Jan.
1099.5
4989.0
7228.3
Feb.
1087.5
5018.6
7301.2
Mar.
1107.3
5110.1
7395.4
Apr.
1122.6
5184.1
7512.1
May
1110.9
5121.5
7517.5
June
1123.0
5173.6
7597.2
July
1136.6
5203.3
7607.7
Aug.
1141.9
5240.4
7617.9
Sep.
1191.2
5355.0
7759.0
Oct.
1155.4
5339.3
7803.3
Nov.
1164.7
5402.9
7939.0
Dec.
1203.5
5483.5
8065.2

8046.5
8088.3
8133.8
8129.8
8113.1

2002-Jan.

1185.9

5471.7

Feb.

1172.1

5489.8

Mar.

1189.8

5538.4

Apr.

1189.1

5553.8

May

1178.7

5525.7

June

1187.9

5565.3

8145.0
8167.8
8239.5
8258.6
8281.5
8470.2
8579.6

July

1195.0

5609.3

Aug.

1178.4

5654.9

Sep.

1182.5

5681.3

Oct.

1193.6

5720.9

Nov.

1202.0

5793.1

Dec. p

1241.3

5841.0

-------------------------------------------------------------------------------------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 Sep. 2002 TO Dec. 2002
9.4
7.7
10.3
6 Months from June 2002 TO Dec. 2002
4.9
8.6
9.4
12 Months from Dec. 2001 TO Dec. 2002
3.4
6.5
6.4
Thirteen weeks ending
January 13 , 2003
from thirteen weeks ending:

Oct. 14, 2002 (13 weeks previous)
6.3
7.7
8.7
July 15, 2002 (26 weeks previous)
3.8
8.8
8.6
Jan. 14, 2002 (52 weeks previous)
3.2
6.9
6.4
--------------------------------------------------------------------------------------------------------

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-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.
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
--------------------------------------------------------------------------------------------------------------------------------------------------M1
M2
M3
---------------------------------------------------------------------------------

------------------------------------------------------------------Period Ending 13-week average 4-week average week average 13-week average 4week average week average 13-week average 4-week average week average
--------------------------------------------------------------------------------------------------------------------------------------------------Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------2002-Oct. 21
1189.9
1194.5
1198.0
5701.6
5736.5
5755.3
8310.2
8331.5
8342.0
28
1190.3
1196.2
1218.0
5710.3
5749.3
5778.1
8318.2
8339.9
8378.4
Nov.
5764.6

4

1192.1
8328.0
1193.9
8340.1
1195.0
8356.4
1195.5
8373.1

1202.6
8359.9
1202.0
8382.6
1201.5
8426.7
1197.8
8466.0

1200.6
8386.5
1191.2
8423.6
1196.1
8518.2
1203.2
8535.7

5719.1

1197.3
8391.4
1199.6
8409.5
1202.0
8426.3
1204.8
8442.2
1206.1
8457.3

1205.0
8504.9
1209.1
8534.6
1212.7
8542.7
1218.9
8545.1
1218.4
8544.7

1229.5
8542.0
1207.4
8542.3
1210.6
8550.8
1228.0
8545.2
1227.6
8540.6

5757.1

5822.3
9
5810.2
16
5813.9
23
5825.9
30
5816.1
6p
5797.8
13p
5810.3

1208.4
8470.8
1208.8
8481.9

1218.1
8529.7
1214.9
8511.4

1206.0
8482.0
1198.1
8477.9

5796.6

5778.3
11
5790.7
18
5819.0
25
5801.3

5775.6
5791.5
5797.3
Dec.
5808.3
5813.2
5811.9
5818.1
5816.5
2003-Jan.
5813.4
5812.5

2

5728.5
5739.0
5747.3

5766.0
5774.8
5783.5
5790.4

5801.5

--------------------------------------------------------------------------------------------------------------------------------------------------Not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------2002-Oct. 21
1183.4
1186.3
1193.6
5675.3
5709.4
5726.8
8249.1
8262.9
8278.6
28
1183.6
1187.9
1219.3
5683.6
5722.2
5704.2
8256.8
8279.2
8281.2

5733.9

Nov.

4

5769.9
11

1186.2
8266.4
1187.9

1199.3
8301.0
1199.3

1210.4
8346.3
1173.7

5691.9
5701.4

5746.5

5784.9
18
5807.5
25
5766.6

5766.6
5782.2

5795.7

Dec.

5808.2
5820.5
5838.2
5840.2
2003-Jan.
5849.6
5848.0

8279.8
1189.2
8299.3
1190.6
8320.2

8330.3
1198.4
8385.8
1196.1
8441.1

8415.2
1190.0
8500.6
1210.3
8502.4

5823.9
9
5834.8
16
5856.5
23
5837.7
30
5831.7

1193.1
8342.6
1195.8
8365.1
1199.5
8389.9
1205.7
8416.7
1211.6
8442.9

1207.7
8490.0
1213.4
8530.7
1219.8
8561.7
1231.4
8579.8
1239.6
8583.8

1256.6
8541.8
1196.8
8577.8
1215.4
8624.6
1256.9
8575.0
1289.1
8557.8

5735.8

6p
5872.5
13p
5850.1

1217.1
8463.7
1219.0
8483.4

1249.5
8571.6
1245.2
8553.9

1236.6
8529.0
1198.1
8553.7

5796.3

2

5712.8
5723.3

5745.4
5756.5
5771.1
5784.8

5805.2

--------------------------------------------------------------------------------------------------------------------------------------------------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
----------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
562.7
8.8
317.8
140.0
118.1
258.1
Sep.
567.7
8.4
365.4
140.6
118.0
258.6
Oct.

571.4

8.2

327.9

141.2
141.1
142.1

112.3
Nov.

113.7

Dec.

119.7

2002-Jan.
142.5
Feb.
142.6
Mar.
142.3

141.9
144.3
143.9

150.0
151.0
153.1

152.7
152.0
154.3

119.8
119.0
119.4

Apr.

119.0

May

120.7

June

122.3

July

120.6

Aug.

118.3

Sep.

119.8

Oct.

123.6

Nov.

126.6

Dec. p

131.1

253.6
575.0
579.9

586.1
591.4
595.1

599.4
605.0
611.1

615.1
617.3
618.0

619.9
622.0
625.0

254.7
261.8

262.3
261.6
261.7

260.9
265.0
266.2

270.6
269.4
272.9

276.3
278.6
285.4

7.8

326.3

7.8

329.9

7.8

326.7

7.8

324.0

7.7

323.2

7.7

308.7

7.8

305.5

8.2

304.7

8.6

303.1

8.4

288.2

8.0

292.4

7.7

295.8

7.5

292.9

7.5

301.2

7.5

291.0

7.5

294.5

7.4

311.4

7.5

290.7

7.5

293.6

Week Ending:
2002-Nov. 18
150.1
25
152.8

153.7
155.1

Dec.

2
9
16

126.0
127.2

131.5
129.0

621.5
621.2

625.6
625.1
624.8

276.0
280.0

285.2
284.2

154.9

129.8

154.6

23
30

153.9
2003-Jan.
150.7

6p
13p

149.0

131.6
133.3

130.5
128.2

284.7
624.7
625.7

626.5
627.0

286.3
287.2

281.2
277.2

7.6

309.4

7.6

307.2

7.7

290.7

7.7 e

286.2

----------------------------------------------------------------------------------------------------------------------------------------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.

1

p -- indicates preliminary data.

H.6 (508)
Table 5
SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
-----------------------------------------------------------------------------------------------------------------------------------------Savings Deposits1
Smalldenomination time deposit2
-------------------------------------------------------------------------------Retail
Date
At thrift

At comm.
At thrift
Total
At comm.
money
Total
banks
insts.
banks
insts.
funds
Non-M1 M2
-----------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
1613.1
518.1
2131.2
668.9
347.5
1016.5
969.5
4117.1
Sep.
1656.8
527.9
2184.7
663.6
Total

345.9

980.2

4174.4

1674.0
990.1
1713.6
994.6
1737.9
997.9

543.1
4206.9
555.2
4250.6
570.1
4279.2

2217.1

657.3

2268.9

648.6

2308.0

634.5

1765.2
981.4
1797.6
970.6
1805.4
948.6

580.4
4285.3
598.7
4314.0
612.4
4305.2

2345.6

625.8

2396.3

618.8

2417.8

613.4

1816.0
930.0
1854.6
945.9
1875.9
948.2

622.1
4299.8
629.9
4359.0
638.3
4386.1

2438.1

609.3

2484.6

614.0

2514.2

612.1

1903.1
967.2
1955.1
967.0
1983.6
953.1

650.7
4438.1
664.8
4497.1
677.1
4514.3

2553.8

607.7

2619.9

603.1

2660.7

596.1

693.4
4554.9
703.0
4601.4
712.9
4596.4

2710.8

590.3

2758.7

586.2

880.1

2017.4
951.8
2055.7
956.1
2053.5
949.9

2766.4

581.1

2002-Nov. 18
300.3
886.5
25
300.4
885.1

2073.8
957.3
2048.4
960.9

705.3
4622.9
703.7
4598.1

2779.1

586.1

2752.1

584.7

342.4
338.6
338.8

1009.5
Oct.
Nov.
Dec.

2002-Jan.
332.6
Feb.
328.3
Mar.
325.3

322.4
314.6
311.6

309.4
307.2
304.4

302.0
300.4
299.1

Apr.
May
June

July
Aug.
Sep.

Oct.
Nov.
Dec. p

999.7
987.2
973.3

958.4
947.1
938.7

931.7
928.6
923.7

917.1
910.2
900.4

892.2
886.6

Week ending:

Dec.

2

710.0
4592.8
709.7
4602.8
713.6
4603.3
712.4
4597.9
718.7
4588.5

2755.7

584.1

2766.1

582.9

2770.5

581.7

2770.7

580.2

2765.4

579.2

877.6

2045.7
952.9
2056.5
954.1
2056.9
951.8
2058.2
948.2
2046.7
945.4
2063.1
942.7
2086.2
931.0

710.7
4591.9
722.6
4612.2

2773.8

577.8

875.4
13p
872.5

2808.7

575.8

300.2

9

299.7

16

299.2

23

298.8

30

298.4
2003-Jan.
297.7

884.2
882.6
881.0
879.0

296.7

6p

-----------------------------------------------------------------------------------------------------------------------------------------1. Savings deposits include money market deposit accounts.
2. 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 -- 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
----------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
1029.7
680.6
114.8
795.3
370.7
206.8
2402.5
Sep.
1080.2
682.0
115.8
797.8
360.4
207.0
2445.4

789.4

Oct.
Nov.

357.1

1148.8
203.7
1180.6

673.6
2499.0
666.6

115.9
114.2

780.8
784.3

374.1
Dec.

814.6
813.5

817.8
819.2
820.2

828.1
816.9
793.5

2542.1
669.6
2568.4

1178.7
202.1
1177.1
209.0
1177.3
210.9

678.1
2550.6
676.9
2558.2
678.2
2558.8

116.0

1175.5
208.9
1186.0
203.9
1196.9
199.2

690.8
2562.2
702.2
2576.1
702.5
2582.8

115.2

1192.3
199.0
1190.8
202.9
1176.6
206.8

706.6
2581.8
706.7
2611.0
707.1
2621.3

111.2

1141.1
208.9
1218.0
211.8
1249.0
213.0

714.0
2594.1
701.8
2683.5
677.4
2725.7

114.0

696.5
2699.3
696.3
2734.4

114.7

441.1

1247.2
209.9
1268.2
213.6
1250.0
213.5

692.0
2719.7

116.4

447.7

1267.1
213.4
1262.2

681.0
2732.1
673.4

116.0

375.7

2002-Jan.
794.1
Feb.
792.2
Mar.
792.7

806.0

206.6
1206.5
201.9

375.6
379.9
377.9

Apr.

371.8

May

371.6

June

373.3

July

372.8

Aug.

398.1

Sep.

417.7

Oct.

415.9

Nov.

436.8

Dec. p

470.1

114.7

115.2
114.5

112.4
111.0

112.5
113.1

115.1
116.1

Week ending:
2002-Nov. 18
811.2
25
811.5
Dec.

2

808.4
797.0

431.0

9
16

454.6

115.2

115.3

788.7

473.4
23

792.9

30

794.7
2003-Jan.
787.4

6p
13p

794.4

475.2
485.3

459.4
455.6

212.6
1238.4
212.8
1231.3
213.2

2736.9
676.8
2719.3
677.6
2724.5

1224.4
212.9
1200.7
216.9

670.0
2684.2
678.1
2667.6

116.0
117.1

117.4
116.3

----------------------------------------------------------------------------------------------------------------------------------------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
----------------------------------------------------------------------------------------------------------------------------------------Other Checkable Deposits
-----------------------------------------------------Date
Currency1
Travelers checks2
Demand Deposits3
At comm. banks4
At thrift inst.5
Total
----------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
561.8
8.4
316.1
135.5
120.0
255.5
Sep.
566.2
8.3
361.5
135.5
119.7
255.3
Oct.
138.8

569.7
111.4

8.1
250.2

327.4

Nov.
138.7

575.4
113.4

Dec.

145.6

2002-Jan.
148.4
Feb.
141.8
Mar.
144.1

115.2

144.9

May

121.0

June

Aug.

121.2

Sep.

147.4

149.4

605.1
610.4

272.4
265.9

616.3
616.1

268.2
267.0

Nov.

126.1

Dec. p

158.3

347.6

8.0

329.1

8.0

316.2

7.9

321.9

7.9

309.2

7.9

299.8

8.0

301.8

8.2

303.3

8.1

287.0

7.8

289.3

7.7

294.9

7.6

296.2

7.7

316.7

7.6

291.8

7.6

302.6

7.6

333.3

7.6

283.6

7.7

303.0

269.3
617.9

122.8

7.9

267.6

121.9
Oct.

150.2

257.0

615.3
122.3

329.3

263.9

123.4
July

145.8

596.1

264.1

599.6

144.2

145.9

591.0

119.9

123.1

7.9
263.2

584.7
115.7

Apr.
149.3

584.9

117.5

252.1

622.8
630.2

128.4

273.0
275.4
286.7

Week Ending:
2002-Nov. 18
145.2
25
153.5
Dec.
157.6
149.5
151.3

621.6
123.7

2
9
16

622.3

124.2

268.9
277.7

626.2
131.9
129.1
125.9

627.0
627.6

289.5
278.6
277.2

23
162.6

30

170.3

633.1
127.3

634.2

2003-Jan.
159.1

129.4
6p
13p

152.8

289.8

124.5

326.3

7.7

347.6

7.7

307.2

7.8 e

285.7

299.6
631.1

131.4

7.7

627.4

290.6
277.2

----------------------------------------------------------------------------------------------------------------------------------------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.

1

H.6 (508)
Table 8
NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
-----------------------------------------------------------------------------------------------------------------------------------------Savings Deposits1
Smalldenomination time deposit2
-------------------------------------------------------------------------------Retail
Date
At thrift

At comm.
At thrift
Total
At comm.
money
Total
banks
insts.
banks
insts.
funds
Non-M1 M2
-----------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
1607.8
516.4
2124.1
667.9
347.0
1014.9
959.5
4098.6
Sep.
1655.8
527.6
2183.3
664.0
346.1
1010.1
970.4
4163.8
Total

Oct.

1662.0
980.4
1710.8
983.2
1742.3
991.8

539.2
4183.9
554.3
4238.2
571.5
4280.0

2201.2

659.0

2265.1

650.3

2313.8

635.2

1758.1
988.1
1787.6
984.8
1816.1
977.1

578.0
4285.8
595.3
4317.7
616.1
4348.6

2336.2

627.8

2382.9

620.7

2432.2

613.8

1842.5
960.1
1852.9
939.4
1880.7
937.5

631.2
4364.7
629.3
4347.0
640.0
4377.4

2473.7

608.7

2482.3

611.9

2520.7

609.1

1899.2
951.5
1948.6
956.3
1979.4
942.6

649.4
4414.3
662.6
4476.5
675.6
4498.8

2548.6

605.8

2611.1

602.3

2655.0

596.6

688.1
4527.3
702.6
4591.0
715.2
4599.7

2690.1

591.9

2757.0

587.7

2775.3

581.6

880.9

2002.0
942.5
2054.4
945.2
2060.1
943.5

2002-Nov. 18
301.2
888.9
25
301.1
887.3

2078.1
943.7
2022.8
951.3

706.8
4617.4
694.9
4556.3

2784.9

587.7

2717.6

586.2

2031.3

704.9

2736.2

585.3

343.3
339.5

1002.2

Nov.

989.9

Dec.

339.2

974.4

2002-Jan.
333.7
Feb.
329.3
Mar.
325.5

961.5
950.0
939.3

Apr.
322.2
313.5

930.9

May

925.4

June

310.1

919.3
July

308.4
306.8

914.2

Aug.

909.1

Sep.

304.6

901.2
Oct.

302.8
301.1

894.7

Nov.

888.9

Dec. p

299.3

Week ending:

Dec.

2

300.8

886.1

877.7

945.0
2085.9
948.3
2087.7
947.4
2049.1
943.2
2019.2
936.7

4567.3
719.8
4638.0
724.2
4641.1
709.3
4580.7
709.1
4542.6

877.1
13p
875.3

2103.7
930.5
2108.7
937.5

724.6
4635.9
730.4
4651.9

9

300.2

16

299.5

23

298.8

30

298.4
2003-Jan.
298.2
297.7

883.9
881.7
879.2

6p

2805.8

583.8

2811.9

582.2

2758.4

580.3

2728.3

579.3

2828.3

578.9

2839.1

577.6

-----------------------------------------------------------------------------------------------------------------------------------------1. Savings deposits include money market deposit accounts.
2. 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 -- 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
--------------------------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
1012.3
677.4
114.2
791.6
313.5
56.1
369.6
204.0
2377.5
Sep.
1050.2
679.3
115.3
794.6
305.2
49.6
354.8
204.3
2404.0

301.7

Oct.

48.7

1126.2
350.4

671.9
200.0

115.6
2464.0

787.5

Nov.
320.0
315.5

Dec.

2002-Jan.
300.3
301.2
301.9

306.1

Feb.
Mar.

Apr.

1174.2
373.4

668.3
205.7

114.5
2536.1

782.8

53.4
61.1

1217.7
376.5

669.7
203.0

114.7
2581.7

784.4

1210.7
375.6

670.7
203.1

114.7
2574.9

785.4

75.3

675.3
211.3
680.6
213.0

115.0
2598.5
114.9
2595.3

790.3

76.9

1215.4
381.5
1208.0
378.9

65.6

1185.4
371.7

692.1
211.4

115.4
2576.0

807.5

1183.1
376.6
1182.7
378.4

708.3
206.1
707.7
199.2

113.3
2587.4
111.8
2579.7

821.7

1169.8
374.0
1170.7
397.4
1144.1
411.2

706.3
197.3
704.1
200.4
704.7
204.7

111.1
2558.5
112.1
2584.6
112.7
2577.3

817.5

712.9
205.8
703.2
211.3

113.9
2560.7
115.3
2677.1

826.8

52.0

1119.2
408.8
1211.4
435.8

51.0

1260.7
470.8

677.1
214.0

116.1
2738.6

793.2

1237.8
428.7
1268.5
438.5

701.6
209.4
699.2
213.8

115.6
2693.1
115.7
2735.8

817.2

80.4

May
314.4

June

317.9

62.2
60.5

July
316.2
339.5

Aug.
Sep.

358.2

57.8
57.8
53.0

Oct.
358.5

Nov.

383.8
419.8

Dec. p

50.4

795.5

819.5

816.2
817.4

818.6

Week ending:
2002-Nov. 18
378.3
25
384.9

50.4
53.7

814.9

391.1

Dec.

405.2
421.0
426.0
437.2

2003-Jan.
406.7
411.8

2
9
16
23
30

54.6
53.3
53.7
49.8
46.8

6p
13p

46.6
45.8

1252.0
445.7
1274.6
458.5
1285.9
474.8
1255.7
475.8
1236.7
483.9

689.6
214.6
681.3
212.6
678.5
212.8
677.0
212.8
672.1
217.2

116.0
2717.9
116.0
2743.0
116.1
2768.1
116.1
2737.4
116.1
2726.1

805.7

1206.6
453.3
1234.8
457.6

665.0
215.2
678.5
216.4

116.5
2656.5
116.4
2703.6

781.4

797.3
794.6
793.1
788.2

794.9

--------------------------------------------------------------------------------------------------------------------------------------------------------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
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

government deposits
Accounts
Demand deposits
Time and
---------------------------------------------------------------------------------------------------------------

U.S.
IRA and Keogh

at banks due to
Time and
Date
Note

savings

--------------------------- deposits due to
Demand
Balance
savings
Foreign
Foreign
foreign banks deposits at
at
Total
deposits at
commercial
official
and official
commercial
Federal
cash
commercial
At commercial
At thrift
At money
banks
institutions institutions
banks
Reserve
balance
banks
banks
institutions market funds

balances at
depository

institutions1
Total
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------2001-Aug.
8.0
1.1
21.9
1.1
5.0
26.7
32.8
10.8
160.9
95.5
162.4
418.9
Sep.
8.1
1.3
20.2
2.1
6.6
19.6
28.4
11.4
160.5
95.7
166.3
422.5
Oct.
5.2
423.2
5.1
421.8

Nov.

27.8

8.2
35.6

1.6
11.5

19.2
160.3

95.5

22.5

8.4
30.4

1.4
11.1

18.8
160.3

95.1

27.2

8.5
36.5

1.5
10.7

18.4
160.2

94.7

8.6
49.7

1.3
11.5

18.2
160.0

95.3

8.7
40.5

1.3
13.0

18.1
159.8

96.3

8.8
25.1

1.1
14.6

18.1
159.7

97.3

8.6
16.5

1.0
14.2

18.0
160.5

97.5

8.2
15.5

1.0
12.4

17.9
162.1

97.0

7.8
26.6

1.0
10.6

17.8
163.7

96.5

7.4

1.0

16.9

Dec.

5.3
420.5

2002-Jan.
7.0
39.2
420.2
Feb.
4.9
33.0
420.5
Mar.
5.6
16.9
420.7
Apr.
6.1
e
5.1
e
6.1
e

5.8
420.6 e
May
7.5
420.0 e
June
16.3
419.5 e
July

2.6
167.4
2.8

166.5

4.1
165.6

3.5

164.9

2.6
164.3
2.7

163.8

4.6
162.6
3.0

160.9

4.2
159.3

5.3

5.3
e
5.1
e
5.8
e

4.9
e
5.0
e
4.9
e

11.8
420.1 e
Aug.
18.3
421.5 e
Sep.
27.7
422.8 e

22.4

11.6

164.9

96.6

7.0
27.9

1.0
14.5

15.5
165.8

97.0

6.6
38.6

1.1
17.3

14.1
166.7

97.5

Oct.

6.4 e
26.5

1.1 e
18.4 e

13.5 e
167.3 e

3.1
97.7 e

158.6

6.4 e
24.3

1.1 e
18.4 e

13.5 e
167.8 e

3.2
97.7 e

158.6

6.4 e
24.0

1.1 e
18.4 e

13.5 e
168.2 e

3.7
97.7 e

158.6

18.6
423.6 e
Nov.
16.1
424.1 e
Dec. p
15.3
424.5 e

2002-Nov. 18
4.8
17.7

26.4

25
24.3

32.1

2
24.1

32.0

3.8

9
0.5

7.8

5.5

16
9.0

18.6

5.3

23
25.4

34.4

5.1

30
21.9

30.7

2003-Jan. 6p
4.6
16.4

24.8

13p
3.2

11.8

5.0

4.9

5.3

Dec.

158.6
4.6
158.6
5.1

3.9
2.8

3.0
3.5
4.1
3.7
3.7

3.8
3.3

158.6

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