Federal Reserve Statistical Release, H.6, Money Stock Measures; title with eagle logo links to Statistical Release home page
Release Date: January 22, 2009
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For release at
4:30 p.m. EST
                                                              January 22, 2009

H.6 (508)						

MONEY STOCK REVISIONS


      The Federal Reserve has revised the measures of the money stock and its
components to incorporate the results of its annual review of seasonal factors
and a new quarterly benchmark.  This release includes revised monthly and
weekly seasonal factors as well as comparisons of the revised monetary
aggregates with previously published data.  The revisions to the seasonal
factors lowered M2 growth for the first half of 2008 and raised it for the
second half.
      
      The benchmark incorporates minor revisions to data reported in the
weekly and quarterly deposit reports, and it takes account of deposit data
from Call Reports for banks and thrift institutions that are not weekly or
quarterly deposit reporters.  These revisions to deposit data start in 2006.
The benchmark also incorporates revisions to data on retail and institutional
money market mutual funds, including revisions to individual retirement
account and Keogh balances held at those funds.  Revisions to data on money
market mutual funds begin in 1981.  This release also incorporates the receipt
of historical information from other sources of data. 

      Seasonally adjusted measures of the monetary aggregates and components
incorporate revised seasonal factors, which were derived from data through
December 2008.  Monthly seasonal factors were estimated using the X-12-ARIMA
procedure.  The effects of both a new benchmark and revisions to seasonal
factors on the growth rates of M1 and M2 are outlined in appendix tables 6 and
7.

      Historical data, updated each week, are available with the H.6
statistical release at www.federalreserve.gov/releases.  The data are also
available through paid electronic means, which can be accessed by calling
STAT-USA at 1-800-782-8872 or 202-482-1986.




 FEDERAL RESERVE STATISTICAL RELEASE
 
H.6 (508)
Table 1 For release at 4:30 p.m. Eastern Time
January 22, 2009
MONEY STOCK MEASURES
Billions of dollars     
Date M1(1)
Seasonally adjusted
M2(2)
Seasonally adjusted
M1(1)
Not seasonally adjusted
M2(2)
Not seasonally adjusted
2007-Jan.                          1373.6                          7069.5                          1368.8                          7043.0   
     Feb.                          1366.0                          7076.1                          1347.2                          7050.7   
     Mar.                          1368.1                          7111.7                          1378.6                          7147.8   
     Apr.                          1378.8                          7160.7                          1392.1                          7234.8   
     May                           1379.7                          7189.1                          1384.0                          7175.2   
     June                          1364.5                          7212.3                          1368.3                          7217.4   
     July                          1366.6                          7239.4                          1365.7                          7219.8   
     Aug.                          1368.4                          7287.7                          1369.0                          7279.2   
     Sep.                          1366.2                          7322.6                          1351.1                          7305.0   
     Oct.                          1371.7                          7352.8                          1361.6                          7317.1   
     Nov.                          1366.7                          7384.4                          1361.7                          7376.5   
     Dec.                          1364.5                          7417.3                          1386.2                          7444.9   
                                                                                                                                            
2008-Jan.                          1368.4                          7463.6                          1364.4                          7438.0   
     Feb.                          1371.1                          7539.0                          1351.5                          7517.6   
     Mar.                          1372.9                          7600.5                          1384.8                          7652.0   
     Apr.                          1373.7                          7620.0                          1387.4                          7697.5   
     May                           1373.7                          7637.8                          1376.9                          7632.1   
     June                          1383.7                          7648.4                          1388.2                          7651.9   
     July                          1400.1                          7698.7                          1399.8                          7671.6   
     Aug.                          1392.2                          7687.0                          1392.4                          7682.6   
     Sep.                          1452.1                          7795.9                          1435.1                          7761.1   
     Oct.                          1475.2                          7915.8                          1464.9                          7878.5   
     Nov.                          1524.1                          7972.5                          1518.4                          7968.1   
     Dec. p                        1595.8                          8154.1                          1624.5                          8171.0   
                                                                                                                                            
 
  Percent change at seasonally adjusted annual rates   M1 M2
 3 Months from Sep. 2008 TO Dec. 2008                            39.6                            18.4   
 6 Months from June 2008 TO Dec. 2008                            30.7                            13.2   
12 Months from Dec. 2007 TO Dec. 2008                            17.0                             9.9   
 
1. 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.
2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in
amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in
retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing
savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to
seasonally adjusted M1.
 
p preliminary
Components may not add to totals due to rounding.
 
 
H.6 (508)
Table 2
MONEY STOCK MEASURES
Billions of Dollars
 
Period Ending M1
13-week
average
Seasonally adjusted
M1
4-week
average
Seasonally adjusted
M1
week
average
Seasonally adjusted
M2
13-week
average
Seasonally adjusted
M2
4-week
average
Seasonally adjusted
M2
week
average
Seasonally adjusted
M1
13-week
average
Not seasonally adjusted
M1
4-week
average
Not seasonally adjusted
M1
week
average
Not seasonally adjusted
M2
13-week
average
Not seasonally adjusted
M2
4-week
average
Not seasonally adjusted
M2
week
average
Not seasonally adjusted
2008-Oct. 20       1429.1        1470.2        1462.9        7774.6        7906.1        7951.0       1419.5       1455.1          1441.5        7749.4        7868.8        7928.3  
          27       1435.6        1468.5        1485.2        7791.7        7913.0        7934.6       1426.0       1452.0          1518.6        7766.1        7879.0        7852.2  
                                                                                                                                                                                     
     Nov.  3       1444.4        1485.2        1525.4        7809.0        7928.6        7922.6       1436.3       1483.3          1561.3        7781.6        7892.8        7897.6  
          10       1453.8        1499.7        1525.2        7827.5        7935.6        7934.1       1444.5       1496.7          1465.4        7799.7        7903.0        7933.8  
          17       1463.9        1512.7        1514.9        7848.5        7936.3        7953.8       1452.8       1505.9          1478.4        7821.2        7913.5        7970.2  
          24       1474.8        1524.2        1531.4        7872.3        7952.3        7998.6       1463.6       1513.1          1547.4        7846.0        7943.3        7971.4  
                                                                                                                                                                                     
     Dec.  1       1485.5        1525.8        1531.7        7898.8        7982.4        8043.2       1474.9       1519.2          1585.5        7874.7        7978.8        8039.8  
           8       1498.2        1539.0        1577.9        7930.3        8022.7        8095.1       1488.4       1538.7          1543.5        7906.5        8024.1        8114.9  
          15       1511.3        1560.4        1600.5        7963.9        8069.5        8141.0       1504.5       1563.8          1578.7        7941.5        8072.7        8164.7  
          22       1520.8        1577.0        1597.8        7986.2        8113.0        8172.8       1518.5       1587.2          1641.0        7969.7        8126.5        8186.4  
          29       1528.8        1593.1        1596.0        8008.4        8151.3        8196.2       1532.4       1618.9          1712.3        7999.9        8167.4        8203.7  
                                                                                                                                                                                     
2009-Jan.  5p      1542.6        1608.1        1638.0        8035.7        8181.2        8214.8       1550.3       1650.2          1668.9        8033.0        8206.8        8272.3  
          12p      1553.0        1608.4        1601.6        8060.0        8201.7        8222.8       1561.2       1643.8          1552.8        8059.5        8225.2        8238.5  
                                                                                                                                                                                     
                                                                                                                                                                                     
 
  Percent change at seasonally adjusted annual rates   M1 M2
Thirteen weeks ending January 12, 2009                            
from thirteen weeks ending:                                       
Oct. 13, 2008 (13 weeks previous)                                36.2                            15.7   
July 14, 2008 (26 weeks previous)                                24.9                            10.9   
Jan. 14, 2008 (52 weeks previous)                                13.7                             8.9   
 
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
Components may not add to totals due to rounding.
 

H.6 (508)
Table 3
SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
 
    Other Checkable Deposits
Date Currency(1) Traveler's checks(2) Demand Deposits(3) At commercial
banks(4)
At thrift
institutions(5)
Total
 2007-Aug.                     759.0                  6.4                    300.7                  171.3                  130.9                  302.2  
      Sep.                     760.5                  6.4                    295.9                  170.9                  132.5                  303.4  
                                                                                                                                                         
      Oct.                     762.8                  6.4                    296.8                  173.6                  132.1                  305.6  
      Nov.                     761.0                  6.3                    296.7                  173.0                  129.6                  302.6  
      Dec.                     757.6                  6.3                    292.9                  174.3                  133.5                  307.8  
                                                                                                                                                         
                                                                                                                                                         
 2008-Jan.                     756.6                  6.2                    295.3                  175.1                  135.2                  310.3  
      Feb.                     757.6                  6.2                    294.8                  176.9                  135.5                  312.5  
      Mar.                     760.7                  6.2                    294.6                  176.6                  134.9                  311.5  
                                                                                                                                                         
      Apr.                     760.1                  6.1                    295.1                  177.1                  135.3                  312.3  
      May                      763.4                  6.1                    292.0                  175.0                  137.2                  312.2  
      June                     769.0                  6.0                    294.4                  176.4                  137.7                  314.2  
                                                                                                                                                         
      July                     774.5                  5.9                    303.7                  176.8                  139.3                  316.0  
      Aug.                     777.0                  5.8                    301.0                  172.3                  136.0                  308.4  
      Sep.                     781.6                  5.8                    350.6                  176.8                  137.3                  314.1  
                                                                                                                                                         
      Oct.                     796.6                  5.7                    361.1                  176.1                  135.7                  311.8  
      Nov.                     804.6                  5.6                    407.5                  173.3                  133.1                  306.3  
      Dec. p                   812.3                  5.5                    465.7                  178.6                  133.7                  312.3  
                                                                                                                                                         
                                                                                                                                                         
                                                                                                                                                         
Week Ending:     
 2008-Nov. 17                  803.3                  5.6                    401.3                  171.8                  132.9                  304.7  
           24                  804.8                  5.6                    417.3                  171.9                  131.8                  303.7  
                                                                                                                                                         
      Dec.  1                  808.1                  5.6                    413.5                  171.6                  132.8                  304.5  
            8                  809.6                  5.6                    455.8                  175.1                  131.8                  306.9  
           15                  811.0                  5.5                    472.5                  178.6                  132.9                  311.4  
           22                  812.0                  5.5                    465.2                  180.7                  134.4                  315.1  
           29                  815.4                  5.5                    460.9                  178.8                  135.4                  314.2  
                                                                                                                                                         
 2009-Jan.  5p                 818.2                  5.5                    502.5                  179.0                  132.9                  311.8  
           12p                 819.7                  5.5 e                  471.8                  172.8                  131.8                  304.6  
                                                                                                                                                         
                                                                                                                                                         
                                                                                                                                                         
 1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
2. 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.
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 estimated
p preliminary
Components may not add to totals due to rounding.
 

H.6 (508)
Table 4
SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
  Savings Deposits(1) Small-denomination time deposit(2)  
Date At
commercial
banks
At
thrift
institutions
Total At
commercial
banks
At
thrift
institutions
Total Retail
money
funds(3)
Total
Non-M1 M2
Memorandum:
Institutional
money
funds(4)
 2007-Aug.            2990.4           838.3          3828.8           768.8           428.3          1197.1           893.4          5919.2          1618.1   
      Sep.            3007.9           828.6          3836.5           776.5           430.8          1207.3           912.6          5956.4          1719.9   
                                                                                                                                                               
      Oct.            3013.5           831.2          3844.8           803.3           409.0          1212.3           924.1          5981.2          1805.2   
      Nov.            3029.8           829.2          3859.0           819.8           395.4          1215.2           943.5          6017.7          1869.4   
      Dec.            3041.3           827.3          3868.7           821.4           395.3          1216.7           967.4          6052.8          1903.9   
                                                                                                                                                               
                                                                                                                                                               
 2008-Jan.            3050.2           835.6          3885.8           822.3           399.2          1221.4           988.0          6095.2          1940.6   
      Feb.            3081.5           839.9          3921.4           823.6           399.1          1222.7          1023.8          6168.0          2064.8   
      Mar.            3120.7           855.2          3975.9           818.6           395.2          1213.7          1037.9          6227.5          2133.8   
                                                                                                                                                               
      Apr.            3122.0           859.1          3981.1           815.5           394.5          1210.0          1055.2          6246.3          2180.1   
      May             3126.5           883.6          4010.1           816.7           391.4          1208.0          1046.0          6264.1          2216.8   
      June            3123.9           897.3          4021.2           820.8           386.4          1207.2          1036.3          6264.8          2248.3   
                                                                                                                                                               
      July            3131.0           902.3          4033.2           835.8           382.4          1218.2          1047.1          6298.5          2265.0   
      Aug.            3116.7           889.4          4006.1           858.8           383.9          1242.7          1046.0          6294.8          2286.6   
      Sep.            3171.0           861.9          4032.9           878.5           380.0          1258.5          1052.4          6343.8          2251.1   
                                                                                                                                                               
      Oct.            3250.3           783.3          4033.6           966.3           346.5          1312.8          1094.2          6440.6          2231.1   
      Nov.            3245.9           766.5          4012.4           995.5           352.0          1347.4          1088.5          6448.4          2325.8   
      Dec. p          3327.8           769.4          4097.1          1016.1           353.6          1369.8          1091.4          6558.3          2389.2   
                                                                                                                                                               
                                                                                                                                                               
                                                                                                                                                               
Week ending:     
 2008-Nov. 17         3247.8           758.8          4006.6           993.0           353.2          1346.2          1086.0          6438.8          2321.5   
           24         3256.9           772.8          4029.7           998.7           352.1          1350.8          1086.7          6467.2          2334.9   
                                                                                                                                                               
      Dec.  1         3286.6           775.3          4061.9          1007.2           350.0          1357.2          1092.3          6511.5          2358.7   
            8         3297.9           763.3          4061.2          1010.9           351.9          1362.8          1093.3          6517.2          2368.7   
           15         3318.7           763.0          4081.7          1015.3           352.7          1368.0          1090.8          6540.5          2363.6   
           22         3341.0           769.7          4110.7          1018.9           354.8          1373.7          1090.6          6575.0          2388.5   
           29         3355.5           780.6          4136.1          1019.6           355.0          1374.6          1089.4          6600.1          2415.3   
                                                                                                                                                               
 2009-Jan.  5p        3338.0           765.5          4103.5          1021.4           356.0          1377.3          1095.9          6576.8          2477.0   
           12p        3382.3           766.2          4148.5          1018.8           355.6          1374.4          1098.3          6621.3          2465.4   
                                                                                                                                                               
                                                                                                                                                               
                                                                                                                                                               
 1. Savings deposits include money market deposit accounts.
2. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrift institutions are subtracted from small time deposits.
3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds.
4. Institutional money funds are not part of non-M1 M2.
 

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

H.6 (508)
Table 5
NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars
    Other Checkable Deposits
Date Currency(1) Traveler's checks(2) Demand Deposits(3) At commercial
banks(4)
At thrift
institutions(5)
Total
 2007-Aug.                   757.3                  6.6                    305.2                  167.1                  132.8                  299.9  
      Sep.                   756.7                  6.5                    289.9                  165.0                  133.0                  298.0  
                                                                                                                                                       
      Oct.                   759.6                  6.4                    296.3                  169.2                  130.2                  299.4  
      Nov.                   762.2                  6.3                    297.2                  167.6                  128.5                  296.0  
      Dec.                   763.8                  6.3                    304.7                  178.2                  133.2                  311.4  
                                                                                                                                                       
                                                                                                                                                       
 2008-Jan.                   755.4                  6.2                    289.9                  181.6                  131.2                  312.8  
      Feb.                   758.7                  6.1                    281.3                  175.1                  130.4                  305.5  
      Mar.                   761.9                  6.1                    299.3                  181.4                  136.2                  317.5  
                                                                                                                                                       
      Apr.                   759.7                  6.1                    296.5                  185.3                  139.8                  325.1  
      May                    764.0                  6.1                    291.5                  176.8                  138.5                  315.3  
      June                   768.8                  6.1                    296.1                  178.0                  139.2                  317.2  
                                                                                                                                                       
      July                   774.8                  6.1                    305.0                  173.3                  140.7                  314.0  
      Aug.                   775.3                  6.0                    305.8                  167.3                  138.1                  305.3  
      Sep.                   776.7                  5.8                    344.0                  170.5                  138.2                  308.7  
                                                                                                                                                       
      Oct.                   793.6                  5.7                    360.7                  171.5                  133.4                  304.9  
      Nov.                   806.4                  5.6                    407.3                  167.0                  132.1                  299.1  
      Dec. p                 818.9                  5.5                    484.7                  182.7                  132.8                  315.4  
                                                                                                                                                       
                                                                                                                                                       
                                                                                                                                                       
Week Ending:   
 2008-Nov. 17                  804.2                  5.6                    379.2                  160.2                  129.2                  289.4  
           24                  806.0                  5.6                    437.4                  169.0                  129.5                  298.5  
                                                                                                                                                         
      Dec.  1                  811.7                  5.5                    458.4                  174.0                  136.0                  309.9  
            8                  812.5                  5.5                    426.7                  168.3                  130.5                  298.9  
           15                  814.9                  5.5                    458.3                  172.4                  127.7                  300.1  
           22                  821.1                  5.5                    494.2                  187.3                  133.0                  320.2  
           29                  827.4                  5.5                    543.7                  198.9                  136.8                  335.7  
                                                                                                                                                         
 2009-Jan.  5p                 824.5                  5.5                    513.1                  189.3                  136.5                  325.8  
           12p                 820.4                  5.5 e                  428.7                  172.4                  125.9                  298.3  
                                                                                                                                                         
                                                                                                                                                         
                                                                                                                                                         
 1. Currency outside U.S. Treasury, Federal Reserve Banks and the vaults of depository institutions.
2. 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.
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 estimated
p preliminary
Components may not add to totals due to rounding.
 

 

H.6 (508)
Table 6
NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars
  Savings Deposits(1) Small-denomination time deposit(2)  
Date At
commercial
banks
At
thrift
institutions
Total At
commercial
banks
At
thrift
institutions
Total Retail
money
funds(3)
Total
Non-M1 M2
Memorandum:
Institutional
money
funds(4)
 2007-Aug.            2989.7           838.1          3827.8           766.8           427.2          1193.9           888.4          5910.2          1602.5   
      Sep.            3010.5           829.3          3839.8           776.9           431.0          1207.8           906.3          5953.9          1705.0   
                                                                                                                                                               
      Oct.            2997.8           826.9          3824.6           805.8           410.3          1216.1           914.8          5955.5          1797.9   
      Nov.            3030.4           829.4          3859.8           822.5           396.7          1219.2           935.8          6014.8          1872.3   
      Dec.            3043.6           827.9          3871.5           822.6           395.9          1218.5           968.7          6058.7          1941.2   
                                                                                                                                                               
                                                                                                                                                               
 2008-Jan.            3022.3           828.0          3850.3           825.0           400.5          1225.4           997.9          6073.6          1986.5   
      Feb.            3066.5           835.8          3902.3           826.6           400.6          1227.2          1036.5          6166.0          2104.0   
      Mar.            3132.7           858.5          3991.1           820.5           396.1          1216.5          1059.6          6267.2          2157.8   
                                                                                                                                                               
      Apr.            3159.0           869.3          4028.4           816.2           394.9          1211.0          1070.7          6310.1          2174.4   
      May             3128.5           884.1          4012.6           814.0           390.1          1204.0          1038.7          6255.3          2196.8   
      June            3135.7           900.7          4036.5           815.7           384.0          1199.7          1027.6          6263.8          2221.9   
                                                                                                                                                               
      July            3125.7           900.7          4026.4           830.2           379.9          1210.1          1035.3          6271.8          2217.0   
      Aug.            3122.2           891.0          4013.2           855.3           382.3          1237.7          1039.4          6290.2          2262.0   
      Sep.            3164.2           860.0          4024.2           878.2           379.9          1258.1          1043.7          6326.0          2216.9   
                                                                                                                                                               
      Oct.            3235.4           779.7          4015.1           969.4           347.6          1316.9          1081.5          6413.6          2209.8   
      Nov.            3250.7           767.6          4018.3           999.4           353.4          1352.7          1078.6          6449.7          2324.8   
      Dec. p          3314.4           766.3          4080.7          1018.8           354.6          1373.3          1092.4          6546.4          2435.3   
                                                                                                                                                               
                                                                                                                                                               
                                                                                                                                                               
Week ending:     
 2008-Nov. 17         3297.8           770.5          4068.3           997.2           354.7          1351.9          1071.7          6491.9          2315.9   
           24         3221.8           764.4          3986.2          1002.4           353.4          1355.8          1081.9          6424.0          2348.8   
                                                                                                                                                               
      Dec.  1         3240.8           764.5          4005.4          1010.4           351.1          1361.5          1087.4          6454.3          2376.3   
            8         3338.4           772.7          4111.0          1014.3           353.0          1367.3          1093.1          6571.4          2399.9   
           15         3350.9           770.4          4121.3          1018.2           353.7          1371.9          1092.7          6585.9          2434.4   
           22         3312.4           763.1          4075.5          1021.0           355.6          1376.6          1093.3          6545.3          2431.7   
           29         3264.1           759.3          4023.4          1021.6           355.8          1377.4          1090.6          6491.3          2468.7   
                                                                                                                                                               
 2009-Jan.  5p        3357.4           769.9          4127.3          1024.4           357.0          1381.4          1094.8          6603.4          2487.7   
           12p        3421.9           775.2          4197.0          1022.7           357.0          1379.7          1109.0          6685.7          2528.0   
                                                                                                                                                               
                                                                                                                                                               
                                                                                                                                                               
 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.
4. Institutional money funds are not part of non-M1 M2.
 

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

 

H.6 (508)
Table 7
OTHER MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
  U.S. government deposits IRA and Keogh Accounts
Date Demand deposits
at banks due to
Foreign
commercial
banks
Demand deposits
at banks due to
Foreign
official
institutions
Time and
savings
deposits due to
foreign banks
and official
institutions
Demand
deposits
at
commercial
banks
Balance
at
Federal
Reserve
Note
balances
at
depository
institutions(1)
Total
cash
balance
Time and
savings
deposits at
commercial
banks
At
commercial
banks
At
thrift
institutions
At
money
market
funds
Total
 2007-Aug.                 7.3               1.4              40.5               1.0               4.9              20.2              26.1               1.4             209.6             120.6             219.4             549.6   
      Sep.                 7.4               1.5              41.4               3.1               5.0              39.7              47.8               1.4             210.8             121.1             225.0             556.9   
                                                                                                                                                                                                                                       
      Oct.                 7.3               1.5              42.5               1.4               4.9              18.3              24.7               1.7             211.1             122.9             230.3             564.3   
      Nov.                 7.0               1.4              43.8               1.0               5.1              10.5              16.6               2.2             211.0             125.6             235.2             571.8   
      Dec.                 6.7               1.4              45.1               1.3               5.9              24.4              31.5               2.7             210.8             128.3             240.1             579.2   
                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                       
 2008-Jan.                 7.3               1.4              45.6               3.4               5.5              19.7              28.6               3.0             212.1             130.3             247.6             590.0   
      Feb.                 8.4               1.5              45.6               1.1               4.8              13.4              19.3               3.4             214.2             131.7             256.2             602.2   
      Mar.                 9.4               1.5              45.5               1.3               5.2              17.7              24.2               3.7             216.3             133.2             264.9             614.4   
                                                                                                                                                                                                                                       
      Apr.                 9.3               1.5              45.0               7.9               5.3              26.3              39.6               3.4             217.1             135.6             267.4             620.1   
      May                  8.4               1.4              44.2               1.4               4.8              32.5              38.6               2.7             217.0             138.5             265.8             621.3   
      June                 7.4               1.3              43.4               3.0               5.0              16.2              24.2               2.0             216.8             141.5             264.2             622.6   
                                                                                                                                                                                                                                       
      July                 7.7               1.3              40.8               1.2               5.1               9.7              16.0               2.0             219.3             142.3             262.6 e           624.2 e 
      Aug.                 8.6               1.5              37.1               1.2               4.8               7.7              13.8               2.3             223.3             141.8             261.0 e           626.1 e 
      Sep.                 9.6               1.5              33.5               3.5               5.8              16.4              25.6               2.7             227.2             141.2             259.5 e           627.9 e 
                                                                                                                                                                                                                                       
      Oct.                10.1 e             1.6 e            31.4 e             1.8              33.9              24.9              60.6               2.9 e           229.7 e           141.0 e           258.6 e           629.3 e 
      Nov.                10.1 e             1.7 e            31.4 e             1.3              55.8               5.2              62.4               2.9 e           230.3 e           141.3 e           258.6 e           630.2 e 
      Dec. p              10.1 e             1.8 e            31.4 e             1.3              90.2               1.9              93.5               2.9 e           230.9 e           141.6 e           258.6 e           631.1 e 
                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                       
 2008-Nov. 17                                                                    1.5              56.3               3.4              61.2                                                                                             
           24                                                                    1.2              79.0               1.9              82.2                                                                                             
                                                                                                                                                                                                                                       
      Dec.  1                                                                    1.3              47.7               2.0              50.9                                                                                              
            8                                                                    1.1              56.1               1.9              59.1                                                                                             
           15                                                                    1.3              57.3               1.9              60.5                                                                                             
           22                                                                    1.3             126.5               1.9             129.7                                                                                             
           29                                                                    1.6             117.6               2.0             121.1                                                                                             
                                                                                                                                                                                                                                       
 2009-Jan.  5p                                                                   1.9              79.9               1.8              83.6                                                                                             
           12p                                                                   2.6              44.8               2.0              49.4                                                                                             
                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                       
 1. Source: Daily Treasury statement.
 

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

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.
 

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