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Release Date: August 20, 2020
​
For release at
4:30 p.m. Eastern Time
August 20, 2020

H.6 (508)

Consolidation of the H.3 and H.6 Statistical Releases​

As announced on March 15, 2020, the Board of Governors reduced reserve requirement ratios on net transaction accounts to 0 percent, effective March 26, 2020. This action eliminated reserve requirements for all depository institutions. As a result, many of the release items on the Board's Statistical Release H.3, "Aggregate Reserves of Depository Institutions and the Monetary Base," are zero. Consequently, the Board has decided to consolidate the remaining relevant items from the H.3 statistical release onto Statistical Release H.6, "Money Stock Measures."

The H.3 release items that will be consolidated onto the H.6 statistical release include the monetary base and nonborrowed reserves and their components. The components to be moved are (1) "Currency in circulation" and "Total balances maintained" for the monetary base and (2) "Total reserves" and "Total borrowings from the Federal Reserve" for nonborrowed reserves.

The last H.3 statistical release will be published on September 17, 2020. The first H.6 statistical release containing the monetary base and nonborrowed reserves will be published on September 24, 2020. On this same release, columns labeled "Traveler's checks" will be removed from the H.6 statistical release.

For a template of the first page of the consolidated H.6 statistical release, along with supplemental information on the consolidation, see the Technical Q&As associated with each release. Access to historical data for all H.3 release items will remain available through the Data Download Program (DDP). In addition, the H.3 release items being consolidated onto the H.6 statistical release will be available in the DDP in both the "build your own" and preformatted packages associated with the H.6 statistical release. Further refinements to the preformatted packages for the H.6 statistical release will also be made. The 12 "H.6 historical table" preformatted packages will no longer be available; all data elements of these packages are contained in the monthly or weekly "H.6 statistical release" packages.

Table 1

Money Stock Measures. Billions of dollars.
Date Seasonally adjusted Not seasonally adjusted
M1 1 M2 2 M1 1 M2 2
Aug. 2018 3,686.4 14,197.0 3,686.2 14,171.6
Sept. 2018 3,704.0 14,228.5 3,671.6 14,207.2
Oct. 2018 3,719.1 14,235.4 3,718.5 14,209.7
Nov. 2018 3,698.1 14,245.4 3,676.6 14,263.2
Dec. 2018 3,746.4 14,351.7 3,796.8 14,456.5
Jan. 2019 3,740.4 14,434.6 3,745.4 14,433.6
Feb. 2019 3,759.6 14,464.3 3,702.0 14,411.4
Mar. 2019 3,729.8 14,511.8 3,753.8 14,582.9
Apr. 2019 3,780.9 14,558.7 3,819.8 14,634.3
May 2019 3,792.4 14,654.3 3,787.7 14,585.2
June 2019 3,832.8 14,782.6 3,828.1 14,745.4
July 2019 3,858.1 14,862.1 3,860.7 14,824.9
Aug. 2019 3,853.2 14,933.3 3,847.1 14,906.1
Sept. 2019 3,903.0 15,022.9 3,874.3 14,997.0
Oct. 2019 3,922.8 15,149.8 3,921.6 15,123.8
Nov. 2019 3,947.4 15,251.2 3,922.2 15,270.4
Dec. 2019 3,976.9 15,307.1 4,041.2 15,422.8
Jan. 2020 3,975.0 15,402.1 3,980.0 15,405.2
Feb. 2020 4,003.0 15,446.9 3,939.6 15,392.7
Mar. 2020 4,256.4 15,989.9 4,287.4 16,066.4
Apr. 2020 4,797.2 17,020.8 4,847.6 17,113.6
May 2020 5,031.6 17,870.4 5,012.9 17,779.0
June 2020 5,209.6 18,166.7 5,212.4 18,118.7
July 2020 5,329.1 18,327.0 5,330.5 18,278.8
Percent change at seasonally adjusted annual rates M1 M2
3 Months from Apr. 2020 TO July 2020 44.4 30.7
6 Months from Jan. 2020 TO July 2020 68.1 38.0
12 Months from July 2019 TO July 2020 38.1 23.3

Footnotes

Components may not add to totals due to rounding.

  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.

Table 2

Money Stock Measures. Billions of dollars.
Period ending Seasonally adjusted Not seasonally adjusted
M1 M2 M1 M2
13-week
average
4-week
average
week
average
13-week
average
4-week
average
week
average
13-week
average
4-week
average
week
average
13-week
average
4-week
average
week
average
May 18, 2020 4,547.4 4,989.5 5,032.7 16,619.1 17,683.9 17,909.6 4,551.9 4,972.4 4,948.1 16,651.5 17,599.6 17,821.9
May 25, 2020 4,631.7 5,032.2 5,066.0 16,811.8 17,816.9 17,938.6 4,643.0 4,977.9 5,130.8 16,840.6 17,715.0 17,797.0
June 1, 2020 4,707.6 5,039.8 5,013.2 17,001.1 17,910.3 17,973.4 4,733.2 5,032.1 5,252.6 17,027.2 17,809.4 17,928.9
June 8, 2020 4,786.9 5,051.2 5,092.8 17,193.0 17,971.1 18,062.8 4,811.4 5,072.4 4,957.9 17,212.1 17,897.3 18,041.3
June 15, 2020 4,868.4 5,089.2 5,184.9 17,378.7 18,028.5 18,139.0 4,886.5 5,093.9 5,034.2 17,388.7 17,974.2 18,129.5
June 22, 2020 4,943.5 5,144.9 5,288.5 17,539.1 18,103.2 18,237.4 4,956.8 5,133.7 5,290.1 17,535.9 18,055.5 18,122.3
June 29, 2020 5,003.5 5,214.5 5,291.9 17,669.9 18,168.2 18,233.5 5,015.8 5,205.8 5,541.1 17,654.8 18,117.3 18,175.9
July 6, 2020 5,050.6 5,241.6 5,200.9 17,803.0 18,233.9 18,325.7 5,062.3 5,269.6 5,213.0 17,775.7 18,196.6 18,358.5
July 13, 2020 5,094.4 5,266.5 5,284.7 17,931.6 18,296.4 18,388.9 5,100.4 5,290.2 5,116.7 17,885.8 18,256.2 18,368.1
July 20, 2020 5,132.9 5,281.0 5,346.4 18,027.2 18,316.6 18,318.3 5,133.9 5,296.5 5,315.1 17,968.6 18,293.7 18,272.2
July 27, 2020 5,168.7 5,298.2 5,360.9 18,094.8 18,329.5 18,285.2 5,164.3 5,287.2 5,504.0 18,030.9 18,286.1 18,145.5
Aug. 3, 2020 5,207.6 5,370.1 5,488.4 18,145.4 18,312.7 18,258.4 5,209.3 5,389.1 5,620.4 18,085.6 18,261.8 18,261.3
Aug. 10, 2020 5,235.7 5,402.2 5,413.0 18,190.2 18,316.1 18,402.4 5,237.3 5,400.1 5,161.0 18,135.1 18,253.2 18,333.7
Percent change at seasonally adjusted annual rates M1 M2
Thirteen weeks ending August 10, 2020 from thirteen weeks ending:
May 11, 2020 (13 weeks previous) 68.9 42.9
Feb. 10, 2020 (26 weeks previous) 63.4 37.1
Aug. 12, 2019 (52 weeks previous) 36.3 22.8

Footnotes

Components may not add to totals due to rounding.

Note: Special caution should be taken in interpreting week-to-week changes in money supply data, which are highly volatile and subject to revision.

    Table 3

    Seasonally Adjusted Components of M1. Billions of dollars.
    Date Currency 1 Traveler's checks 2 Demand deposits 3 Other checkable deposits
    At commercial banks 4 At thrift institutions 5 Total
    Month
    Mar. 2019 1,637.2   1,458.3 342.8 291.5 634.3
    Apr. 2019 1,645.2   1,487.9 353.6 294.2 647.8
    May 2019 1,650.8   1,493.8 353.7 294.1 647.8
    June 2019 1,657.8   1,527.1 351.6 296.3 647.9
    July 2019 1,666.6   1,534.6 361.5 295.4 656.9
    Aug. 2019 1,674.3   1,521.1 358.1 299.7 657.8
    Sept. 2019 1,685.0   1,553.8 364.4 299.8 664.2
    Oct. 2019 1,693.4   1,562.8 365.0 301.5 666.5
    Nov. 2019 1,703.3   1,579.7 362.5 301.8 664.3
    Dec. 2019 1,710.9   1,592.0 367.2 306.8 674.0
    Jan. 2020 1,720.7   1,580.6 364.8 309.0 673.8
    Feb. 2020 1,723.5   1,602.0 367.9 309.7 677.6
    Mar. 2020 1,744.6   1,813.3 377.2 321.2 698.5
    Apr. 2020 1,780.3   2,032.0 370.0 615.0 985.0
    May 2020 1,818.5   2,150.6 408.3 654.1 1,062.4
    June 2020 1,855.9   2,211.4 469.9 672.4 1,142.3
    July 2020 1,884.2   2,251.1 482.0 711.8 1,193.8
     
    Week ending
    June 15, 2020 1,853.3   2,179.2 474.2 678.3 1,152.5
    June 22, 2020 1,860.3   2,292.3 466.5 669.4 1,135.9
    June 29, 2020 1,866.3   2,283.7 471.6 670.4 1,142.0
    July 6, 2020 1,870.0   2,165.1 467.5 698.3 1,165.8
    July 13, 2020 1,878.5   2,192.4 486.6 727.2 1,213.8
    July 20, 2020 1,885.0   2,255.9 488.9 716.6 1,205.5
    July 27, 2020 1,892.3   2,281.3 480.1 707.3 1,187.4
    Aug. 3, 2020 1,899.5   2,399.2 485.5 704.3 1,189.8
    Aug. 10, 2020 1,906.2   2,289.0 484.7 733.2 1,217.9

    Footnotes

    Components may not add to totals due to rounding.

    e estimated

    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. Publication of new data for this item was discontinued in January 2019. 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.

    Table 4

    Seasonally Adjusted Components of Non-M1 M2. Billions of dollars.
    Date Savings deposits 1 Small-denomination time deposits 2 Retail
    money funds 3
    Total
    non-M1 M2
    Memorandum:
    Institutional
    money funds 4
    At commercial
    banks
    At thrift
    institutions
    Total At commercial
    banks
    At thrift
    institutions
    Total
    Month
    Mar. 2019 7,981.3 1,344.1 9,325.4 470.5 116.9 587.3 869.3 10,781.9 1,929.5
    Apr. 2019 7,961.5 1,336.9 9,298.4 479.2 119.1 598.3 881.0 10,777.8 1,942.1
    May 2019 8,029.7 1,343.5 9,373.2 479.7 120.3 600.0 888.7 10,861.9 1,974.4
    June 2019 8,100.0 1,341.1 9,441.1 484.6 123.1 607.7 901.0 10,949.8 2,024.3
    July 2019 8,138.7 1,338.7 9,477.3 482.8 124.3 607.1 919.5 11,004.0 2,084.8
    Aug. 2019 8,203.4 1,338.7 9,542.1 480.8 124.8 605.5 932.6 11,080.2 2,125.5
    Sept. 2019 8,228.6 1,340.1 9,568.7 476.8 125.3 602.1 949.1 11,119.9 2,159.6
    Oct. 2019 8,308.0 1,348.5 9,656.5 471.2 125.5 596.7 973.8 11,227.1 2,203.7
    Nov. 2019 8,378.2 1,346.5 9,724.7 465.2 125.2 590.4 988.7 11,303.8 2,240.5
    Dec. 2019 8,418.2 1,347.7 9,765.9 458.7 124.2 582.8 981.5 11,330.2 2,251.8
    Jan. 2020 8,527.2 1,348.5 9,875.8 451.0 117.6 568.5 982.8 11,427.1 2,270.0
    Feb. 2020 8,566.7 1,357.8 9,924.5 429.5 109.5 539.0 980.4 11,443.9 2,262.3
    Mar. 2020 8,802.7 1,399.5 10,202.3 406.7 101.6 508.3 1,022.9 11,733.5 2,489.1
    Apr. 2020 9,444.1 1,194.7 10,638.8 391.0 94.4 485.4 1,099.3 12,223.6 3,101.2
    May 2020 9,978.1 1,259.6 11,237.7 370.5 91.9 462.4 1,138.7 12,838.8 3,323.7
    June 2020 10,103.7 1,288.4 11,392.1 340.1 88.2 428.3 1,136.7 12,957.1 3,245.0
    July 2020 10,193.4 1,290.9 11,484.3 308.9 85.8 394.6 1,119.1 12,997.9 3,155.1
     
    Week ending
    June 15, 2020 10,117.9 1,270.0 11,387.9 343.9 88.6 432.4 1,133.7 12,954.1 3,234.9
    June 22, 2020 10,087.0 1,300.4 11,387.4 337.0 87.9 424.9 1,136.6 12,948.9 3,237.5
    June 29, 2020 10,075.4 1,311.8 11,387.3 330.0 86.9 416.9 1,137.4 12,941.6 3,239.7
    July 6, 2020 10,294.2 1,291.2 11,585.4 321.8 85.7 407.5 1,132.0 13,124.8 3,198.4
    July 13, 2020 10,304.4 1,273.8 11,578.2 315.1 85.6 400.7 1,125.4 13,104.3 3,192.0
    July 20, 2020 10,179.6 1,284.9 11,464.5 308.0 85.8 393.8 1,113.5 12,971.8 3,113.6
    July 27, 2020 10,117.3 1,308.1 11,425.4 301.0 86.6 387.6 1,111.3 12,924.3 3,139.8
    Aug. 3, 2020 9,977.7 1,303.0 11,280.7 292.6 84.7 377.3 1,111.9 12,770.0 3,125.2
    Aug. 10, 2020 10,228.3 1,285.3 11,513.7 286.3 84.4 370.7 1,105.0 12,989.4 3,111.3

    Footnotes

    Components may not add to totals due to rounding.

    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.

    Table 5

    Not Seasonally Adjusted Components of M1. Billions of dollars.
    Date Currency 1 Traveler's checks 2 Demand deposits 3 Other checkable deposits
    At commercial banks 4 At thrift institutions 5 Total
    Month
    Mar. 2019 1,641.6   1,465.3 349.2 297.7 646.9
    Apr. 2019 1,649.3   1,501.0 366.3 303.1 669.4
    May 2019 1,655.6   1,481.1 354.7 296.3 651.1
    June 2019 1,660.0   1,522.5 349.7 295.9 645.6
    July 2019 1,666.2   1,543.1 355.7 295.7 651.4
    Aug. 2019 1,671.5   1,522.7 353.7 299.1 652.8
    Sept. 2019 1,683.8   1,534.7 358.0 297.9 655.8
    Oct. 2019 1,692.3   1,570.0 359.3 300.1 659.4
    Nov. 2019 1,704.3   1,566.1 352.0 299.8 651.8
    Dec. 2019 1,713.1   1,647.5 372.7 307.9 680.6
    Jan. 2020 1,714.0   1,584.3 379.1 302.6 681.7
    Feb. 2020 1,718.2   1,557.3 361.7 302.3 664.1
    Mar. 2020 1,747.4   1,826.4 384.1 329.5 713.6
    Apr. 2020 1,784.2   2,045.8 383.6 633.9 1,017.5
    May 2020 1,824.2   2,123.6 409.3 655.7 1,065.0
    June 2020 1,856.9   2,213.0 467.6 674.9 1,142.5
    July 2020 1,884.2   2,262.8 474.9 708.7 1,183.6
     
    Week ending
    June 15, 2020 1,853.9   2,055.8 456.0 668.5 1,124.5
    June 22, 2020 1,859.8   2,287.6 470.6 672.1 1,142.7
    June 29, 2020 1,865.4   2,493.9 491.8 690.0 1,181.8
    July 6, 2020 1,875.4   2,177.0 459.4 701.2 1,160.6
    July 13, 2020 1,879.2   2,071.7 457.5 708.2 1,165.8
    July 20, 2020 1,884.1   2,243.4 477.8 709.8 1,187.6
    July 27, 2020 1,889.8   2,412.4 492.7 709.1 1,201.8
    Aug. 3, 2020 1,897.2   2,515.9 488.7 718.6 1,207.3
    Aug. 10, 2020 1,904.0   2,093.1 452.1 711.8 1,163.9

    Footnotes

    Components may not add to totals due to rounding.

    e estimated

    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. Publication of new data for this item was discontinued in January 2019. 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.

    Table 6

    Not Seasonally Adjusted Components of Non-M1 M2. Billions of dollars.
    Date Savings deposits 1 Small-denomination time deposits 2 Retail
    money funds 3
    Total
    non-M1 M2
    Memorandum:
    Institutional
    money funds 4
    At commercial
    banks
    At thrift
    institutions
    Total At commercial
    banks
    At thrift
    institutions
    Total
    Month
    Mar. 2019 8,010.4 1,348.9 9,359.3 470.4 116.9 587.3 882.5 10,829.0 1,940.2
    Apr. 2019 7,988.5 1,341.4 9,329.9 480.9 119.5 600.4 884.2 10,814.6 1,916.1
    May 2019 7,977.2 1,334.7 9,312.0 483.2 121.2 604.4 881.1 10,797.5 1,943.9
    June 2019 8,076.4 1,337.2 9,413.5 489.8 124.4 614.2 889.5 10,917.2 2,001.6
    July 2019 8,108.6 1,333.7 9,442.4 488.1 125.7 613.8 907.9 10,964.1 2,061.4
    Aug. 2019 8,189.8 1,336.5 9,526.3 484.9 125.8 610.7 922.0 11,059.0 2,126.9
    Sept. 2019 8,235.4 1,341.3 9,576.7 478.6 125.7 604.4 941.6 11,122.7 2,158.2
    Oct. 2019 8,292.5 1,346.0 9,638.5 469.7 125.1 594.8 968.8 11,202.1 2,198.5
    Nov. 2019 8,425.6 1,354.1 9,779.7 460.4 123.9 584.3 984.2 11,348.2 2,253.8
    Dec. 2019 8,461.1 1,354.6 9,815.7 451.8 122.3 574.0 991.9 11,381.6 2,291.5
    Jan. 2020 8,514.9 1,346.6 9,861.5 445.6 116.2 561.7 1,002.1 11,425.3 2,302.9
    Feb. 2020 8,564.6 1,357.4 9,922.1 427.7 109.0 536.8 994.3 11,453.1 2,287.3
    Mar. 2020 8,828.7 1,403.6 10,232.4 406.9 101.6 508.5 1,038.2 11,779.1 2,502.0
    Apr. 2020 9,476.6 1,198.9 10,675.4 392.5 94.8 487.3 1,103.3 12,266.1 3,059.6
    May 2020 9,920.3 1,252.3 11,172.6 373.2 92.5 465.8 1,127.8 12,766.2 3,271.1
    June 2020 10,068.1 1,283.9 11,351.9 343.6 89.1 432.6 1,121.7 12,906.3 3,207.3
    July 2020 10,158.3 1,286.4 11,444.7 312.0 86.6 398.6 1,105.0 12,948.3 3,121.9
     
    Week ending
    June 15, 2020 10,251.4 1,286.8 11,538.1 347.2 89.4 436.7 1,120.5 13,095.3 3,216.6
    June 22, 2020 9,993.4 1,288.3 11,281.7 340.4 88.8 429.2 1,121.3 12,832.2 3,181.9
    June 29, 2020 9,816.9 1,278.2 11,095.1 333.6 87.8 421.4 1,118.4 12,634.8 3,182.5
    July 6, 2020 10,324.0 1,294.9 11,619.0 325.4 86.6 412.0 1,114.6 13,145.6 3,158.0
    July 13, 2020 10,441.7 1,290.8 11,732.5 318.5 86.5 405.0 1,113.8 13,251.4 3,159.1
    July 20, 2020 10,174.6 1,284.3 11,458.9 311.0 86.6 397.7 1,100.5 12,957.0 3,085.0
    July 27, 2020 9,875.4 1,276.8 11,152.2 303.7 87.4 391.1 1,098.2 12,641.5 3,107.5
    Aug. 3, 2020 9,875.8 1,289.7 11,165.5 295.3 85.5 380.8 1,094.6 12,640.9 3,092.8
    Aug. 10, 2020 10,396.5 1,306.5 11,703.0 289.0 85.2 374.2 1,095.6 13,172.7 3,097.0

    Footnotes

    Components may not add to totals due to rounding.

    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.

    Table 7

    Other Memorandum Items. Billions of dollars, not seasonally adjusted.
    Date Demand deposits at banks due to Time and
    savings deposits
    due to foreign
    banks and
    official
    institutions
    IRA and Keogh accounts
    Foreign
    commercial
    banks
    Foreign official
    institutions
    At commercial
    banks
    At thrift
    institutions
    At money
    market funds
    Total
    Mar. 2019 92.2 33.3 62.1 314.8 161.1 272.7 748.5
    Apr. 2019 91.7 33.1 62.1 311.9 160.1 275.1 747.0
    May 2019 91.8 31.7 65.0 311.8 160.0 279.2 751.0
    June 2019 91.9 30.4 67.8 311.8 159.9 283.2 754.9
    July 2019 92.1 29.2 71.1 312.1 160.4 289.0 761.5
    Aug. 2019 92.5 28.0 74.7 312.6 161.4 296.1 770.1
    Sept. 2019 92.9 26.9 78.2 313.2 162.3 303.0 778.6
    Oct. 2019 92.9 26.6 80.9 314.5 163.1 308.3 785.9
    Nov. 2019 92.9 26.9 83.1 316.1 163.9 312.4 792.4
    Dec. 2019 92.8 27.2 85.2 317.7 164.7 316.5 798.9
    Jan. 2020 95.6 29.5 87.1 327.4 168.2 326.9 822.4
    Feb. 2020 102.2 34.4 88.6 347.3 175.3 344.8 867.4
    Mar. 2020 108.9 43.0 90.0 367.3 182.4 362.9 912.5
    Apr. 2020 112.9 e 53.4 e 90.9 e 379.3 e 186.7 e 375.0 e 941.0 e
    May 2020 112.9 e 53.2 e 90.9 e 379.3 e 186.7 e 378.0 e 944.0 e
    June 2020 112.9 e 53.2 e 90.9 e 379.3 e 186.7 e 381.1 e 947.1 e
    July 2020 112.9 e 53.3 e 90.9 e 379.3 e 186.7 e 382.8 e 948.8 e

    Footnotes

    Components may not add to totals due to rounding.

    e estimated

      Table 7 (continued)

      Other Memorandum Items (continued). Billions of dollars, not seasonally adjusted.
      Date U.S. government deposits
      Demand deposits at
      commercial banks
      Balance at Federal Reserve Total cash balance Time and savings
      deposits at
      commercial banks
      Month
      Mar. 2019 4.9 276.5 281.4 2.1
      Apr. 2019 5.0 326.4 331.5 2.1
      May 2019 5.0 298.5 303.6 2.2
      June 2019 5.2 218.4 223.6 2.3
      July 2019 5.2 195.5 200.7 2.4
      Aug. 2019 5.4 134.1 139.4 2.5
      Sept. 2019 5.3 251.6 256.9 2.6
      Oct. 2019 5.3 354.0 359.2 2.6
      Nov. 2019 5.2 367.7 372.9 2.5
      Dec. 2019 5.4 350.0 355.4 2.4
      Jan. 2020 5.3 391.3 396.6 2.3
      Feb. 2020 5.2 417.0 422.1 2.1
      Mar. 2020 5.2 385.8 391.1 2.0
      Apr. 2020 5.1 869.9 875.1 1.9 e
      May 2020 5.3 1,233.9 1,239.2 1.9 e
      June 2020 5.4 1,568.9 1,574.3 1.9 e
      July 2020 5.5 1,732.2 1,737.6 1.9 e
       
      Week ending
      June 15, 2020 5.4 1,544.6 1,550.0  
      June 22, 2020 5.4 1,617.4 1,622.8  
      June 29, 2020 5.4 1,632.0 1,637.4  
      July 6, 2020 5.7 1,669.1 1,674.8  
      July 13, 2020 5.4 1,640.8 1,646.2  
      July 20, 2020 5.4 1,775.9 1,781.3  
      July 27, 2020 5.3 1,814.4 1,819.7  
      Aug. 3, 2020 5.4 1,770.0 1,775.4  
      Aug. 10, 2020 5.5 1,687.6 1,693.0  

      Footnotes

      e estimated

      Note: Current and historical H.6 data are available each week on the Federal Reserve Board's website (http://www.federalreserve.gov/). Monthly data are available back to January 1959, and weekly data are available back to January 1975 for most series.

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        Last Update: August 20, 2020