1

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

These data are scheduled for release each Thursday at

January 27,
2005
MONEY STOCK MEASURES
Billions of dollars
--------------------------------------------------------------------------------------Date
M11
M22
M33
--------------------------------------------------------------------------------------Seasonally adjusted
--------------------------------------------------------------------------------------2003-Jan.
1220.4
5825.3
8579.7
Feb.
1235.1
5867.1
8617.2
Mar.
1240.6
5891.0
8648.6
Apr.
1246.1
5933.7
8686.0
May
1257.7
5985.0
8740.1
June
1271.0
6026.0
8790.0
July
1273.4
6065.9
8868.5
Aug.
1281.5
6106.3
8908.9
Sep.
1281.4
6083.6
8898.9
Oct.
1284.1
6068.8
8875.7
Nov.
1283.4
6065.7
8862.3
Dec.
1293.4
6062.5
8862.6

8921.0
8991.7
9082.3
9161.7
9264.5

2004-Jan.

1287.7

6070.2

Feb.

1306.5

6120.4

Mar.

1325.8

6168.0

Apr.

1323.1

6215.9

May

1322.3

6286.5

9296.4
9281.7
9319.8
9364.2
9340.8
9359.0

June

1335.9

6293.9

July

1325.0

6288.0

Aug.

1342.9

6300.2

Sep.

1347.0

6332.8

Oct.

1345.7

6346.9

Nov.

1362.1

6380.5

Dec.

1363.1

6397.7

9401.5
--------------------------------------------------------------------------------------Not seasonally adjusted
--------------------------------------------------------------------------------------2003-Jan.
1222.0
5819.7
8597.8
Feb.
1221.5
5844.9
8630.5
Mar.
1240.5
5905.7
8688.8
Apr.
1255.8
5962.6
8707.6
May
1253.7
5953.0
8715.6
June
1271.6
6009.4
8780.4
July
1274.3
6053.2
8839.1
Aug.
1279.0
6111.5
8891.7
Sep.
1274.1
6083.0
8861.1
Oct.
1275.9
6063.3
8841.9
Nov.
1280.8
6086.9
8886.0
Dec.
1319.1
6102.6
8921.0

8927.1
8991.4
9107.3
9181.2
9240.1

2004-Jan.

1289.0

6061.2

Feb.

1293.0

6090.7

Mar.

1324.3

6169.5

Apr.

1332.1

6241.2

May

1320.0

6252.9

June

1336.0

6278.2

9287.6
9263.4
9303.7
9335.3
9323.6
9381.5
9458.0

July

1326.9

6284.5

Aug.

1340.9

6304.2

Sep.

1338.7

6336.4

Oct.

1339.0

6351.8

Nov.

1357.8

6400.1

Dec.

1389.2

6440.2

-------------------------------------------------------------------------------------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. 2004 TO Dec. 2004
4.8
4.1
1.6
6 Months from June 2004 TO Dec. 2004
4.1
3.3
2.3
12 Months from Dec. 2003 TO Dec. 2004
5.4
5.5
6.1
Thirteen weeks ending
January 17 , 2005
from thirteen weeks ending:

Oct. 18, 2004 (13 weeks previous)
4.1
4.5
2.4
July 19, 2004 (26 weeks previous)
4.2
3.3
2.5
Jan. 19, 2004 (52 weeks previous)
5.3
5.3
5.8
--------------------------------------------------------------------------------------------------------

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, smalldenomination 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 4week average week average 13-week average 4-week average week average
--------------------------------------------------------------------------------------------------------------------------------------------------Seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------2004-Oct. 25
1344.2
1348.4
1361.6
6321.2
6345.4
6358.6
9333.7
9340.7
9351.5
Nov.
6353.6

1
6369.9
8
6371.2
15
6374.0
22
6385.8
29
6386.3

6363.5
6368.4
6375.2
6379.3
Dec.
6381.3

6
6379.0
13
6380.8
20
6403.0
27
6414.9

6383.0
6387.3
6394.4
2005-Jan.
6397.0
6399.4
6404.0

3
6389.4
10p
6390.4
17p
6421.4

1345.1
9337.9
1346.7
9343.0
1347.4
9346.3
1348.5
9347.6
1351.1
9350.7

1345.1
9340.0
1347.0
9348.4
1349.9
9349.8
1352.6
9351.1
1363.1
9355.9

1350.4
9353.5
1339.7
9351.5
1347.7
9342.5
1372.6
9356.8
1392.5
9372.6

6327.4

1351.9
9354.2
1352.7
9357.6
1353.2
9358.3
1355.2
9362.0

1363.5
9361.3
1360.3
9368.0
1357.1
9374.7
1355.3
9391.7

1341.0
9373.1
1335.1
9369.3
1359.7
9383.8
1385.3
9440.6

6357.6

1356.9
9368.6
1356.1
9377.5
1356.1
9386.9

1366.5
9408.9
1363.0
9425.0
1357.1
9443.9

1385.8
9441.8
1321.0
9433.6
1336.3
9459.6

6376.8

6334.4
6339.9
6345.2
6351.9

6362.9
6367.6
6372.8

6381.4
6386.5

--------------------------------------------------------------------------------------------------------------------------------------------------Not seasonally adjusted
--------------------------------------------------------------------------------------------------------------------------------------------------2004-Oct. 25
1338.7
1337.1
1363.4
6326.5
6348.4
6321.2
9318.0
9320.6
9297.0
Nov.

1

1339.5

1340.6

1371.4

6331.9

6349.6

6351.9
8
6398.7
15
6417.9
22
6391.2
29
6391.8

6360.2
6372.4
6389.9
6399.9

6408.5

Dec.

6413.5
6428.3
6441.5
2005-Jan.
6441.7
6440.2
6434.4

6

6433.0
13
6437.9
20
6450.6
27
6444.3
3

6434.0
10p
6431.9
17p
6427.5

9321.5
1340.6
9325.9
1340.6
9331.6
1341.4
9337.5
1345.0
9345.6

9320.7
1343.7
9333.1
1344.5
9347.0
1345.1
9364.9
1358.2
9381.1

9323.3
1316.7
9378.0
1326.5
9389.6
1365.9
9368.5
1423.8
9388.1

1346.7
9353.2
1348.8
9360.9
1352.6
9368.6
1358.8
9381.8

1363.7
9397.0
1364.3
9415.3
1370.0
9435.5
1378.0
9458.3

1338.6
9441.6
1328.7
9462.8
1388.9
9449.5
1455.8
9479.2

6368.0

1365.4
9392.1
1366.2
9402.7
1366.4
9414.2

1403.9
9462.2
1400.7
9463.0
1384.9
9471.4

1442.3
9457.3
1315.6
9465.8
1325.7
9483.3

6399.8

6338.1
6344.9
6352.6
6361.8

6373.7
6381.7
6393.2

6405.6
6410.1

--------------------------------------------------------------------------------------------------------------------------------------------------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-Aug.
650.8
7.6
320.9
166.4
135.9
302.2
Sep.
654.1
7.6
313.4

169.1

168.9
170.3
173.3

137.2
Oct.

137.0

Nov.

135.5

Dec.

136.0

2004-Jan.
176.6
Feb.
181.5
Mar.
185.6

184.1
183.8
187.8

184.6
188.9
184.9

185.8
189.7
184.3

136.6
137.1
138.4

Apr.

138.6

May

140.0

June

141.1

July

141.8

Aug.

140.1

Sep.

139.0

Oct.

140.1

Nov.

140.2

Dec.

142.1

306.3
658.3
661.3
663.9

664.9
665.8
666.8

668.7
671.8
676.7

684.8
687.7
691.7

694.2
699.8
699.3

305.9
305.8
309.2

313.2
318.6
324.0

322.7
323.8
328.9

326.4
329.0
323.9

326.0
329.9
326.4

7.7

312.2

7.7

308.6

7.7

312.6

7.8

301.8

7.8

314.3

7.8

327.1

7.8

323.8

7.8

318.9

7.7

322.6

7.6

306.3

7.6

318.6

7.6

323.8

7.6

317.9

7.6

324.8

7.6

329.8

7.6

331.5

7.6

350.9

7.6

311.6

Week Ending:
2004-Nov. 22
192.4
29
192.3
Dec.

6

140.5
141.3

700.6
700.5

700.3

332.9
333.5

180.7

140.8

184.6

13
20

184.0

27

184.1
2005-Jan.
186.0

3
10p

178.3

17p

180.2

321.5
699.4

138.4

698.9

140.1

698.0

144.5

699.0

149.2

699.9

139.6

700.8

138.6

323.0
324.2
328.6

335.2
317.9
318.7

7.6

305.2

7.6

329.1

7.5

351.2

7.5

344.1

7.5 e

295.7

7.5 e

309.3

----------------------------------------------------------------------------------------------------------------------------------------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
Smalldenomination time deposit2
-------------------------------------------------------------------------------Retail
Date
At thrift
insts.

Total

At comm.
money
banks
funds3

At thrift
Total
insts.
Non-M1 M2

Total

At comm.
banks

-----------------------------------------------------------------------------------------------------------------------------------------2003-Aug.
2302.6
826.2
3128.7
550.9
281.6
832.5
863.6
4824.8
Sep.
2291.4
834.2
3125.6
545.6
279.3
824.9
851.7
4802.2
Oct.
277.0
274.7

Nov.
Dec.

272.7

819.0
813.1
809.4

2004-Jan.
271.9
Feb.
271.3
Mar.
271.1

806.9
805.0
802.7

Apr.
270.2
267.4

May
June

266.5

799.6
794.8
793.0

July
266.9
267.6

Aug.
Sep.

267.9

795.4
799.3
803.4

Oct.
269.2
269.6

Nov.
Dec.

271.3

806.3
810.3
814.0

2301.3
824.5
2321.9
812.9
2328.1
801.1

840.0
4784.7
834.4
4782.3
830.4
4769.0

3141.2

542.0

3156.3

538.4

3158.5

536.6

2363.1
785.7
2397.2
774.0
2424.8
760.4

826.8
4782.5
837.7
4813.9
854.4
4842.2

3189.9

535.0

3234.9

533.6

3279.1

531.6

2476.9
753.8
2530.2
761.6
2527.7
755.3

862.6
4892.8
877.6
4964.2
882.1
4958.0

3339.5

529.3

3407.9

527.4

3409.7

526.5

2541.9
740.7
2538.5
733.5
2560.6
728.5

885.0
4963.0
886.0
4957.3
893.3
4985.9

3426.9

528.5

3424.4

531.7

3453.9

535.6

2589.5
716.7
2608.6
713.3
2620.4
714.7

888.8
5001.3
886.3
5018.4
885.5
5034.6

3478.3

537.1

3494.8

540.7

3505.9

542.7

2604.2

884.8

3489.0

541.0

Week ending:
2004-Nov. 22

269.5

810.5

269.5

270.3

Dec.

270.8
271.4
271.9
2005-Jan.
272.5
273.6
275.1

713.6
2583.1
713.7

5013.1
885.9
4993.8

815.6

2635.3
708.9
2634.2
714.8
2627.7
714.5
2607.2
717.8

817.0
10p
819.3
17p
822.2

2587.3
718.5
2650.2
713.6
2656.7
710.0

29

6
13
20
27

3

811.2

811.5
813.2
814.0

3469.0

541.7

882.3
5038.0
883.5
5045.6
887.0
5043.2
888.9
5029.6

3517.6

541.2

3517.7

542.4

3514.7

542.6

3496.2

543.6

880.8
5003.6
886.3
5069.4
896.1
5085.0

3468.1

544.6

3536.5

545.6

3552.8

547.1

-----------------------------------------------------------------------------------------------------------------------------------------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-Aug.
1175.1
727.8
123.0
850.7
497.6
279.1
2802.6

Sep.
857.0

1176.1
280.1

734.5
2815.3

122.5

1154.6
286.8
1132.2
286.6
1113.7
289.0

731.9
2806.9
743.4
2796.7
763.9
2800.1

122.1

1116.9
302.2
1105.0
311.5
1115.2
319.7

795.6
2850.9
796.9
2871.3
815.9
2914.3

121.0

1125.8
329.4
1125.5
329.2
1120.4
325.7

839.4
2945.8
855.1
2978.0
867.0
3002.5

128.2

1105.4
332.5
1109.8
340.3
1100.6
350.2

880.8
2993.6
883.0
3019.6
882.0
3031.4

137.5

884.1
2993.9
889.2
2978.5
915.2
3003.7

149.8

512.7

1073.2
361.2
1061.6
355.2
1060.3
355.6

517.4

1055.6
355.4

888.1
2971.0

154.6

1057.2
353.4

900.3
2986.2

156.8

518.5

502.1
Oct.

854.0
864.5

511.4

Nov.

513.3

Dec.

884.0

513.4

2004-Jan.
916.6
Feb.
918.5
Mar.
940.0

515.1
536.3
539.3

Apr.
967.6
987.8

523.0

May

535.5

June

1000.1

556.3
July

1018.3
1026.2

537.4

Aug.

543.2

Sep.

1029.3

551.3
Oct.

1033.9
1043.0

525.7

Nov.

518.7

Dec.

1075.0

121.2
120.1

121.6
124.0

132.8
133.1

143.3
147.3

153.8
159.9

Week ending:
2004-Nov. 22
1042.6
29
1057.2

Dec.

6

1064.4
1058.1
1070.8
1089.8
2005-Jan.
1103.5
1135.0
1144.2

522.8
13
20
27

3
10p
17p

516.7
509.9
512.4

495.9
480.6
479.8

1053.6
353.3

906.7
2994.2

157.7

1057.5
356.2
1047.0
353.1
1067.9
355.6

899.5
2988.5
912.3
2980.8
927.3
3025.7

158.6

1090.0
362.9
1066.5
361.0
1050.1
364.2

940.4
3052.3
969.9
3043.1
978.2
3038.2

163.1

158.5
162.5

165.1
166.0

----------------------------------------------------------------------------------------------------------------------------------------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-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.
167.1
166.6

Nov.
Dec.

179.9

655.7
135.6
135.9

May
June

186.6

133.2

185.4

141.3

Aug.
Sep.

141.9

674.0
678.3

Dec.

191.7

Week Ending:

330.6
322.2

141.1
141.9

7.6

310.4

7.6

328.4

7.7

302.3

7.8

306.1

7.8

323.4

7.7

323.6

7.7

316.2

7.8

321.4

7.8

307.9

7.7

319.5

7.6

321.2

7.5

316.8

7.5

326.1

7.5

345.3

328.6

686.3
688.2

325.1
327.3
321.7

692.1
139.0

310.0

325.6

138.7

Nov.

313.2

686.0
142.3

Oct.
185.4

667.6

142.0

183.1

183.7

665.9

316.2

670.3
142.9

7.6

316.1

138.7

July
182.8

302.6

662.7
132.8

Apr.
180.9

667.0

136.2

2004-Jan.
183.4
Feb.
180.0
Mar.
186.9

187.7

660.2

302.6

697.8
702.8

322.7
326.5
333.6

2004-Nov. 22
187.9
29
195.5
Dec.
181.7
182.0
191.6

13
20
27

184.5
184.7

700.4

144.5

6

201.8
2005-Jan.
201.6

697.5
140.4

700.2
142.9
137.5
139.5

3

700.6
702.9
707.1

17p

324.7
319.5
331.1

136.3
133.3

332.6

7.5

375.8

7.5

306.2

7.5

301.1

7.5

347.4

7.5

395.3

7.5

381.2

7.5 e

288.3

7.5 e

302.8

346.0
702.5

149.5

7.5
340.0

144.2

10p

328.4

699.0
697.4

351.0
320.8
318.0

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

1

p -- indicates preliminary data.

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.
funds3
Non-M1 M2
-----------------------------------------------------------------------------------------------------------------------------------------2003-Aug.
2308.4
828.3
3136.7
550.8
281.6
832.4
863.4
4832.5
Sep.
2299.0
837.0
3135.9
545.6
279.2
824.8
848.2
4808.9

277.0
274.9
272.8

Oct.
Nov.
Dec.

2004-Jan.
271.9
Feb.
271.3
Mar.
271.0

270.2
267.5
266.6

266.9
267.6
267.8

269.1
269.7
271.3

Apr.
May
June

July
Aug.
Sep.

Oct.
Nov.
Dec.

Total

819.1
813.7
809.5

806.9
804.8
802.4

799.5
795.1
793.4

795.4
799.1
803.1

806.1
810.5
813.9

2303.6
823.9
2339.0
812.9
2337.6
802.6

840.8
4787.4
840.6
4806.2
833.8
4783.5

3144.4

542.1

3179.5

538.8

3171.4

536.7

2353.0
789.0
2380.8
780.1
2419.3
771.1

823.3
4772.2
832.0
4797.7
852.4
4845.2

3176.3

535.1

3212.8

533.5

3271.7

531.4

2485.0
759.1
2514.3
751.5
2522.7
745.8

865.4
4909.1
872.1
4932.9
880.4
4942.2

3350.4

529.3

3386.4

527.6

3403.1

526.7

2541.3
736.2
2542.1
734.9
2571.1
726.5

884.7
4957.6
887.2
4963.3
897.0
4997.7

3426.1

528.5

3429.3

531.5

3468.1

535.3

2598.0
717.0
2625.9
713.7
2632.2
715.3

891.7
5012.8
892.2
5042.2
889.5
5050.9

3489.7

537.0

3518.1

540.8

3521.7

542.6

Week ending:
2004-Nov. 22
269.6
810.7
29
269.7
811.6
Dec.
270.4
270.8
271.3

2612.1
715.0
2563.3
714.1

887.4
5025.3
879.1
4968.1

3499.5

541.1

3442.4

541.9

895.9
5094.4
898.5
5109.2
891.2
5061.7
878.9
4988.5

3571.6

541.5

3577.7

542.4

3531.5

542.3

3456.7

543.2

814.9

2675.8
710.8
2679.2
718.3
2640.3
716.6
2577.8
716.9
2583.0
712.1
2685.0
713.4
2666.1
714.0

879.3
4991.7
898.0
5116.3
899.2
5101.8

3462.4

544.7

817.3
10p
819.9
17p
822.5

3583.0

546.1

3565.3

547.2

6
13
20
27

271.7
2005-Jan.
272.5
273.8
275.2

811.9
813.2
813.5

3

-----------------------------------------------------------------------------------------------------------------------------------------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
At commercial

money
At commercial
At thrift
At thrift
Total
funds
banks2
institutions
Total
banks2
institutions
Total
Eurodollars4
Non-M2 M3
--------------------------------------------------------------------------------------------------------------------------------------------------------2003-Aug.
1161.5
726.8
122.8
849.6
437.7
56.3
494.0
275.2
2780.2
Sep.
1154.6
735.1
122.6
857.7
435.5
53.7
489.2
276.7
2778.1
Oct.

1140.1
498.8

732.3
285.3

122.1
2778.6

854.5

60.2
58.4

1142.5
505.9

742.0
287.7

121.0
2799.1

863.0

67.8

1140.2
507.0

761.8
289.5

119.8
2818.4

881.7

439.1

2004-Jan.
441.6

69.7

1143.5
511.3

788.2
303.1

119.8
2865.9

908.0

793.5
314.7
816.0
323.2

121.0
2900.7
124.1
2937.8

914.5

65.3

1128.9
542.5
1126.0
548.5
1110.8
529.2

839.0
332.7

128.2
2940.0

967.2

66.1

1107.0
550.6
1111.6
569.3

863.3
332.3
872.0
322.5

134.0
2987.2
133.9
3009.3

997.4

1093.9
537.6
1098.6
538.6
1084.0
537.2

881.7
328.0
882.4
336.7
883.5
346.7

137.6
2978.9
143.2
2999.5
147.5
2998.9

1019.4

885.7
360.6
888.9
357.0

150.0
2971.7
153.7
2981.4

1035.8

53.0

1061.9
513.4
1069.9
511.8
1083.5
505.5

912.7
356.7

159.4
3017.9

1072.1

55.5

438.6
447.4

Nov.
Dec.

Feb.
475.1

Mar.

483.1

67.4

Apr.
463.1
483.1
500.5

479.6
482.1
480.0

456.5
458.9

May
June

July
Aug.
Sep.

Oct.
Nov.

67.5
68.8

58.0
56.6
57.2

56.9

Dec.
450.1

940.1

1005.9

1025.6
1031.0

1042.6

Week ending:
2004-Nov. 22
454.5
29
454.8
Dec.
462.1
458.0
449.0

413.3
418.2

53.2

6
13
20
27

447.8
2005-Jan.
424.1

52.3

54.9
53.9
54.0
58.1

3
10p
17p

57.0
56.7
56.5

1070.7
506.8
1079.0
508.0

887.6
357.8
896.4
356.7

154.5
2977.3
156.2
2996.3

1042.1

1076.1
517.0
1094.1
511.8
1071.7
503.0
1089.7
505.9

903.7
354.7
903.8
355.9
912.5
353.1
920.7
357.3

157.2
3008.6
159.3
3024.9
158.5
2998.9
161.3
3034.9

1060.9

1085.7
481.1
1081.4
470.0
1079.5
474.6

928.8
366.7
957.7
361.8
971.0
365.8

161.1
3023.4
163.0
3033.9
164.8
3055.7

1089.9

1052.6

1063.1
1071.1
1082.0

1120.7
1135.8

--------------------------------------------------------------------------------------------------------------------------------------------------------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
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------U.S.
IRA and Keogh

government deposits
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
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------2003-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.
4.9
440.6
5.1
436.1
5.3
431.5

Nov.

12.1

6.6
18.5

1.1
8.2

20.0
167.3

102.5

10.1

7.2
16.8

1.0
5.9

17.9
166.8

102.3

16.9

7.7
23.9

1.0
3.7

15.7
166.3

102.0

7.9
31.9

1.0
2.4

13.6
166.1

101.6

7.6
22.6

1.1
2.2

13.7
166.2

101.7

7.3

1.1

13.8

Dec.

2004-Jan.
5.6
24.3
427.9
Feb.
5.3
15.8
426.4
Mar.

1.5
170.8
1.6

167.0

1.7
163.1

2.0

160.2

1.6
158.4
1.6

5.4
424.8

14.3

21.3

2.0

166.3

101.8

16.3

7.2
25.1

1.2
1.9

14.4
166.8

101.9

13.4

7.3
20.3

1.2
2.0

15.6
167.5

101.9

20.9

7.4
28.5

1.1
2.1

16.8
168.3

101.9

7.4
16.4

1.1
2.1

17.7
168.8

101.8

7.4
9.2

1.1
2.2

18.4
168.8

101.7

7.3
23.9

1.1
2.2

19.1
168.9

101.7

7.3 e
26.8

1.1 e
2.3 e

19.5 e
168.9 e

1.5
101.6 e

153.2

7.3 e
19.1

1.1 e
2.3 e

19.5 e
168.9 e

1.5
101.6 e

153.2

7.3 e
22.4

1.1 e
2.3 e

19.5 e
168.9 e

1.5
101.6 e

153.2

Apr.
6.0
424.4
5.4
425.5

May
June

5.7
426.6

5.0
e
4.8
e
5.6
e

July

10.1
426.6 e
Aug.
3.1
425.5 e
Sep.
16.7
424.3 e
Oct.

5.0
e
4.9
e
5.1
e

20.3
423.7 e
Nov.
12.7
423.7 e
Dec.
15.8
423.7 e

2004-Nov. 22
4.5
2.8

8.8

29
13.6

20.3

6
4.2

10.5

5.1

13
4.0

10.5

5.2

20
26.5

33.3

5.3

4.8

Dec.

156.7

2.7
155.8
1.6

156.1

1.8
156.4

1.4

156.1

1.3
154.9
1.6

1.4
1.3

1.4
1.4
1.6

153.8

27
25.2

30.9

2005-Jan. 3
5.8
19.9

27.4

5.1

10p
7.2

13.9

4.8

17p
6.2

13.1

4.4

1.3

1.7
1.5
2.1

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