1 FEDERAL RESERVE STATISTICAL RELEASE H.6 (508) Table 1 These data are scheduled for release each Thursday at 4:30 p.m. March 3, 2005 MONEY STOCK MEASURES Billions of dollars ---------------------------------------------------------------------------------------- Date M11 M22 M33 ---------------------------------------------------------------------------------------- Seasonally adjusted ---------------------------------------------------------------------------------------- 2003-Feb. 1235.8 5872.8 8625.7 Mar. 1238.3 5888.8 8642.8 Apr. 1245.0 5924.0 8672.9 May 1259.1 5971.5 8723.3 June 1269.4 6012.7 8777.0 July 1273.1 6057.8 8869.9 Aug. 1282.4 6103.9 8901.6 Sep. 1282.7 6085.8 8897.7 Oct. 1283.6 6077.7 8893.5 Nov. 1285.1 6072.8 8875.4 Dec. 1292.8 6076.6 8877.4 2004-Jan. 1289.9 6089.3 8936.7 Feb. 1307.7 6128.1 9001.1 Mar. 1320.9 6166.8 9078.4 Apr. 1321.3 6204.3 9144.7 May 1324.8 6262.6 9234.0 June 1332.6 6274.7 9274.6 July 1325.5 6277.5 9277.7 Aug. 1343.4 6298.0 9310.3 Sep. 1347.9 6333.0 9358.4 Oct. 1347.7 6357.8 9363.3 Nov. 1362.7 6394.2 9387.6 Dec. 1361.9 6417.0 9429.7 2005-Jan. 1353.2 6430.1 9470.9 ---------------------------------------------------------------------------------------- Not seasonally adjusted ---------------------------------------------------------------------------------------- 2003-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 2004-Jan. 1289.0 6061.2 8927.1 Feb. 1293.0 6090.7 8991.4 Mar. 1324.3 6169.5 9107.3 Apr. 1332.1 6241.2 9181.2 May 1320.0 6252.9 9240.1 June 1336.0 6278.2 9287.6 July 1326.8 6284.5 9263.4 Aug. 1340.8 6304.2 9303.7 Sep. 1338.7 6336.4 9335.3 Oct. 1339.0 6351.8 9323.6 Nov. 1357.8 6400.1 9382.5 Dec. 1389.1 6440.1 9460.1 2005-Jan. 1351.7 6394.8 9448.3 --------------------------------------------------------------------------------------- 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 Oct. 2004 TO Jan. 2005 1.6 4.5 4.6 6 Months from July 2004 TO Jan. 2005 4.2 4.9 4.2 12 Months from Jan. 2004 TO Jan. 2005 4.9 5.6 6.0 Thirteen weeks ending February 21 , 2005 from thirteen weeks ending: Nov. 22, 2004 (13 weeks previous) 2.7 4.7 3.9 Aug. 23, 2004 (26 weeks previous) 4.2 4.7 3.7 Feb. 23, 2004 (52 weeks previous) 5.0 5.5 5.9 --------------------------------------------------------------------------------------------------------- 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, small-denomination 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 4-week average week average 13-week average 4-week average week average ---------------------------------------------------------------------------------------------------------------------------------------------------- Seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------- 2004-Nov. 29 1352.5 1363.9 1374.0 6360.5 6394.3 6405.8 9368.7 9386.7 9406.0 Dec. 6 1353.8 1364.0 1348.9 6368.0 6401.2 6402.8 9375.8 9397.4 9417.7 13 1354.8 1362.5 1351.9 6375.4 6406.7 6411.7 9382.1 9407.2 9412.9 20 1355.3 1358.9 1360.7 6381.7 6411.4 6425.3 9385.8 9414.0 9419.3 27 1356.7 1359.9 1378.1 6387.6 6418.7 6434.8 9390.3 9426.3 9455.1 2005-Jan. 3 1357.9 1365.7 1372.0 6392.1 6418.3 6401.4 9396.5 9434.3 9450.0 10 1356.2 1358.2 1322.0 6396.7 6415.6 6400.8 9403.3 9440.1 9435.8 17 1356.0 1352.1 1336.4 6403.1 6418.3 6436.3 9412.7 9453.9 9474.5 24 1357.0 1350.4 1371.1 6409.6 6422.6 6451.7 9421.9 9462.8 9490.7 31 1360.3 1354.2 1387.3 6415.5 6437.0 6459.3 9431.4 9476.7 9505.9 Feb. 7 1360.9 1362.7 1356.1 6421.6 6450.7 6455.4 9439.6 9488.0 9481.0 14p 1360.0 1365.3 1346.6 6424.4 6448.0 6425.6 9446.0 9483.5 9456.5 21p 1359.7 1365.2 1370.7 6427.4 6446.5 6445.8 9454.3 9485.9 9500.0 ---------------------------------------------------------------------------------------------------------------------------------------------------- Not seasonally adjusted ---------------------------------------------------------------------------------------------------------------------------------------------------- 2004-Nov. 29 1344.9 1358.2 1423.8 6361.9 6400.0 6391.9 9345.9 9382.1 9389.8 Dec. 6 1346.7 1363.7 1338.6 6368.0 6408.5 6433.0 9353.7 9398.5 9444.2 13 1348.8 1364.3 1328.7 6373.7 6413.5 6437.9 9361.6 9417.2 9465.2 20 1352.6 1370.0 1388.9 6381.7 6428.4 6450.6 9369.4 9437.7 9451.5 27 1358.8 1378.0 1455.8 6393.2 6441.5 6444.4 9382.8 9460.5 9481.0 2005-Jan. 3 1365.3 1403.9 1442.0 6399.8 6441.6 6433.6 9393.2 9464.1 9458.7 10 1366.2 1400.6 1315.6 6405.6 6440.0 6431.5 9403.9 9464.6 9467.1 17 1366.4 1384.8 1325.6 6410.1 6434.3 6427.6 9415.5 9473.0 9485.1 24 1365.6 1359.3 1354.0 6413.3 6413.7 6362.0 9425.4 9459.2 9426.0 31 1366.8 1345.4 1386.3 6411.9 6388.9 6334.5 9431.4 9444.9 9401.4 Feb. 7 1366.5 1344.8 1313.1 6411.8 6380.4 6397.5 9436.3 9438.5 9441.3 14p 1366.1 1343.5 1320.5 6409.8 6371.3 6391.3 9440.9 9430.0 9451.3 21p 1365.8 1345.7 1362.9 6410.0 6379.5 6394.6 9448.9 9441.9 9473.4 ---------------------------------------------------------------------------------------------------------------------------------------------------- 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-Sep. 652.7 7.6 315.0 170.4 137.0 307.5 Oct. 656.9 7.7 312.0 169.8 137.3 307.1 Nov. 659.5 7.7 310.5 170.1 137.3 307.4 Dec. 662.4 7.7 311.2 175.8 135.7 311.5 2004-Jan. 664.6 7.8 302.5 177.2 137.7 315.0 Feb. 666.5 7.8 315.0 180.8 137.6 318.4 Mar. 668.4 7.8 323.2 183.8 137.8 321.6 Apr. 670.8 7.8 320.9 182.9 139.0 321.8 May 674.1 7.7 320.0 183.1 139.9 323.0 June 678.4 7.7 321.0 186.4 139.1 325.5 July 684.6 7.6 307.3 185.0 141.0 325.9 Aug. 686.6 7.6 321.3 188.2 139.8 327.9 Sep. 689.9 7.6 324.5 186.9 139.1 325.9 Oct. 692.5 7.6 320.0 187.1 140.5 327.6 Nov. 697.2 7.6 326.5 189.5 141.9 331.4 Dec. 697.3 7.6 327.8 187.5 141.6 329.1 2005-Jan. 700.1 7.5 320.4 183.7 141.5 325.2 Week Ending: 2004-Dec. 27 696.3 7.6 342.8 187.3 144.2 331.5 2005-Jan. 3 697.8 7.5 335.9 187.6 143.2 330.8 10 698.0 7.5 294.2 180.3 142.0 322.3 17 699.5 7.5 307.1 181.2 141.2 322.4 24 701.3 7.5 335.5 185.1 141.6 326.7 31 703.7 7.5 345.9 189.0 141.2 330.2 Feb. 7 702.7 7.5 e 324.8 179.7 141.4 321.1 14p 700.8 7.5 e 317.8 180.9 139.7 320.6 21p 702.7 7.5 e 339.7 181.0 139.7 320.8 ------------------------------------------------------------------------------------------------------------------------------------------ 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 Small-denomination time deposit2 ----------------------------------------- ---------------------------------------- Retail Date At comm. At thrift Total At comm. At thrift Total money Total banks insts. banks insts. funds3 Non-M1 M2 ------------------------------------------------------------------------------------------------------------------------------------------- 2003-Sep. 2292.5 834.6 3127.1 545.7 279.3 824.9 851.0 4803.0 Oct. 2305.6 841.6 3147.2 541.9 276.9 818.8 828.1 4794.1 Nov. 2325.0 835.5 3160.6 538.1 274.5 812.6 814.5 4787.7 Dec. 2340.7 835.0 3175.7 536.2 272.5 808.7 799.4 4783.8 2004-Jan. 2376.9 831.6 3208.5 534.4 271.5 805.9 785.0 4799.3 Feb. 2402.5 839.5 3242.0 532.9 271.0 803.9 774.5 4820.4 Mar. 2427.0 855.2 3282.2 531.0 270.8 801.8 761.9 4845.9 Apr. 2468.5 859.7 3328.2 529.1 270.1 799.2 755.6 4883.0 May 2512.0 871.3 3383.3 527.9 267.7 795.6 758.9 4937.8 June 2517.0 878.4 3395.4 527.7 267.1 794.8 752.0 4942.2 July 2532.8 881.8 3414.7 529.3 267.3 796.6 740.7 4952.0 Aug. 2536.1 885.2 3421.2 532.2 267.9 800.1 733.3 4954.7 Sep. 2560.4 893.3 3453.7 535.7 267.9 803.6 727.7 4985.1 Oct. 2593.2 890.1 3483.3 537.0 269.2 806.2 720.6 5010.1 Nov. 2617.3 889.3 3506.5 540.3 269.4 809.8 715.1 5031.4 Dec. 2637.8 891.4 3529.2 542.1 271.0 813.1 712.8 5055.1 2005-Jan. 2649.8 894.6 3544.4 547.0 275.2 822.2 710.4 5076.9 Week ending: 2004-Dec. 27 2630.1 896.8 3526.9 542.8 271.5 814.3 715.5 5056.7 2005-Jan. 3 2609.6 888.4 3497.9 543.3 272.0 815.2 716.3 5029.4 10 2659.4 889.4 3548.8 544.9 273.3 818.2 711.7 5078.8 17 2669.3 900.2 3569.5 546.7 274.8 821.5 708.9 5099.9 24 2651.5 894.7 3546.3 548.4 276.3 824.7 709.7 5080.6 31 2635.7 900.8 3536.6 549.2 277.6 826.9 708.6 5072.0 Feb. 7 2672.1 891.8 3563.9 550.1 279.0 829.1 706.4 5099.4 14p 2654.2 890.6 3544.9 551.1 279.9 831.0 703.1 5079.0 21p 2646.8 891.8 3538.6 553.6 281.0 834.6 702.1 5075.2 ------------------------------------------------------------------------------------------------------------------------------------------- 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-Sep. 1177.6 735.2 122.6 857.9 495.2 281.3 2812.0 Oct. 1155.4 736.8 122.9 859.7 512.6 288.1 2815.8 Nov. 1134.8 746.2 121.6 867.9 510.5 289.5 2802.7 Dec. 1117.2 761.0 119.7 880.7 509.3 293.6 2800.8 2004-Jan. 1114.4 794.7 120.8 915.5 515.3 302.2 2847.4 Feb. 1105.2 801.6 122.3 923.9 535.1 308.9 2873.0 Mar. 1113.0 819.7 124.6 944.3 539.2 315.0 2911.5 Apr. 1120.9 837.4 127.9 965.3 530.1 324.0 2940.4 May 1123.6 849.4 131.9 981.3 541.6 324.9 2971.4 June 1122.5 862.8 132.5 995.3 554.5 327.6 2999.9 July 1108.2 877.7 137.0 1014.7 542.1 335.2 3000.2 Aug. 1104.7 881.5 143.0 1024.6 540.8 342.3 3012.3 Sep. 1100.1 883.9 147.6 1031.5 542.1 351.8 3025.4 Oct. 1076.1 890.9 150.9 1041.8 525.0 362.6 3005.5 Nov. 1066.9 894.3 154.7 1049.0 517.2 360.4 2993.4 Dec. 1066.4 911.9 159.5 1071.3 509.9 365.1 3012.7 2005-Jan. 1056.2 965.7 166.3 1132.0 480.6 372.0 3040.8 Week ending: 2004-Dec. 27 1071.2 918.1 161.1 1079.2 505.9 364.1 3020.3 2005-Jan. 3 1085.5 931.6 161.8 1093.4 501.4 368.3 3048.5 10 1065.0 960.9 163.7 1124.6 482.7 362.7 3035.0 17 1049.4 975.6 165.7 1141.3 479.3 368.2 3038.2 24 1046.8 970.0 168.1 1138.1 474.9 379.2 3039.0 31 1051.4 968.8 169.8 1138.6 476.9 379.6 3046.5 Feb. 7 1041.2 971.3 169.7 1141.1 478.5 364.7 3025.5 14p 1034.7 975.9 171.9 1147.8 489.7 358.7 3030.9 21p 1041.0 972.0 174.1 1146.1 509.6 357.5 3054.2 ------------------------------------------------------------------------------------------------------------------------------------------ 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-Sep. 650.8 7.7 311.9 166.7 136.9 303.7 Oct. 655.7 7.6 310.0 167.1 135.6 302.6 Nov. 660.2 7.6 310.4 166.6 135.9 302.6 Dec. 667.0 7.6 328.4 179.9 136.2 316.1 2004-Jan. 662.7 7.7 302.3 183.4 132.8 316.2 Feb. 665.9 7.8 306.1 180.0 133.2 313.2 Mar. 667.6 7.8 323.4 186.9 138.7 325.6 Apr. 670.3 7.7 323.6 187.7 142.9 330.6 May 674.0 7.7 316.2 180.9 141.3 322.2 June 678.3 7.8 321.4 186.6 142.0 328.5 July 686.0 7.8 307.9 182.8 142.3 325.1 Aug. 686.3 7.7 319.5 185.4 141.9 327.3 Sep. 688.2 7.6 321.2 183.1 138.6 321.7 Oct. 692.1 7.5 316.7 183.7 138.9 322.6 Nov. 697.8 7.5 326.1 185.4 141.1 326.5 Dec. 702.8 7.5 345.3 191.7 141.9 333.6 2005-Jan. 697.8 7.5 320.1 189.9 136.5 326.3 Week Ending: 2004-Dec. 27 707.0 7.5 395.3 201.8 144.2 346.0 2005-Jan. 3 702.4 7.5 381.1 201.6 149.4 351.0 10 699.0 7.5 288.4 184.5 136.2 320.7 17 697.4 7.5 302.8 184.7 133.3 318.0 24 696.1 7.5 325.1 191.7 133.7 325.3 31 696.7 7.5 347.7 196.9 137.6 334.5 Feb. 7 701.4 7.5 e 290.8 178.7 134.8 313.5 14p 700.7 7.5 e 303.6 176.2 132.4 308.7 21p 702.3 7.5 e 337.4 180.7 135.1 315.7 ------------------------------------------------------------------------------------------------------------------------------------------ 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 8 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars ------------------------------------------------------------------------------------------------------------------------------------------- Savings Deposits1 Small-denomination time deposit2 ----------------------------------------- ---------------------------------------- Retail Date At comm. At thrift Total At comm. At thrift Total money Total banks insts. banks insts. funds3 Non-M1 M2 ------------------------------------------------------------------------------------------------------------------------------------------- 2003-Sep. 2299.0 837.0 3135.9 545.6 279.2 824.8 848.2 4808.9 Oct. 2303.6 840.8 3144.4 542.1 277.0 819.1 823.9 4787.4 Nov. 2339.0 840.6 3179.5 538.8 274.9 813.7 812.9 4806.2 Dec. 2337.6 833.8 3171.4 536.7 272.8 809.5 802.6 4783.5 2004-Jan. 2353.0 823.3 3176.3 535.1 271.9 806.9 789.0 4772.2 Feb. 2380.8 832.0 3212.8 533.5 271.3 804.8 780.1 4797.7 Mar. 2419.3 852.4 3271.7 531.4 271.0 802.4 771.1 4845.2 Apr. 2485.0 865.4 3350.4 529.3 270.2 799.5 759.1 4909.1 May 2514.3 872.1 3386.4 527.6 267.5 795.1 751.5 4932.9 June 2522.7 880.4 3403.1 526.7 266.6 793.4 745.8 4942.2 July 2541.3 884.8 3426.1 528.5 266.9 795.4 736.2 4957.6 Aug. 2542.1 887.2 3429.3 531.5 267.6 799.1 734.9 4963.3 Sep. 2571.1 897.0 3468.1 535.3 267.8 803.1 726.5 4997.7 Oct. 2598.0 891.7 3489.7 537.0 269.1 806.2 717.0 5012.9 Nov. 2625.9 892.2 3518.1 540.8 269.7 810.5 713.7 5042.3 Dec. 2632.3 889.5 3521.8 542.6 271.3 813.9 715.3 5051.0 2005-Jan. 2621.7 885.1 3506.8 547.6 275.5 823.1 713.2 5043.1 Week ending: 2004-Dec. 27 2577.8 878.9 3456.7 543.2 271.7 814.9 716.9 4988.6 2005-Jan. 3 2583.2 879.4 3462.6 544.4 272.5 817.0 712.1 4991.6 10 2685.0 897.9 3582.9 545.8 273.8 819.6 713.4 5115.9 17 2666.3 899.2 3565.5 547.3 275.2 822.5 714.0 5102.0 24 2592.9 874.9 3467.8 548.8 276.5 825.3 714.9 5008.0 31 2541.5 868.6 3410.1 549.6 277.8 827.4 710.8 4948.2 Feb. 7 2657.9 887.0 3544.9 550.7 279.3 830.0 709.6 5084.5 14p 2644.8 887.5 3532.2 551.8 280.3 832.1 706.5 5070.8 21p 2609.7 879.3 3489.0 554.3 281.3 835.7 707.1 5031.7 ------------------------------------------------------------------------------------------------------------------------------------------- 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 money At commercial At thrift At commercial At thrift Total funds banks2 institutions Total banks2 institutions Total Eurodollars4 Non-M2 M3 ---------------------------------------------------------------------------------------------------------------------------------------------------------- 2003-Sep. 1154.6 735.1 122.6 857.7 435.5 53.7 489.2 276.7 2778.1 Oct. 1140.1 732.3 122.1 854.5 438.6 60.2 498.8 285.3 2778.6 Nov. 1142.5 742.0 121.0 863.0 447.4 58.4 505.9 287.7 2799.1 Dec. 1140.2 761.8 119.8 881.7 439.1 67.8 507.0 289.5 2818.4 2004-Jan. 1143.5 788.2 119.8 908.0 441.6 69.7 511.3 303.1 2865.9 Feb. 1128.9 793.5 121.0 914.5 475.1 67.4 542.5 314.7 2900.7 Mar. 1126.0 816.0 124.1 940.1 483.1 65.3 548.5 323.2 2937.8 Apr. 1110.8 839.0 128.2 967.2 463.1 66.1 529.2 332.7 2940.0 May 1107.0 863.3 134.0 997.4 483.1 67.5 550.6 332.3 2987.2 June 1111.6 872.0 133.9 1005.9 500.5 68.8 569.3 322.5 3009.3 July 1093.9 881.7 137.6 1019.4 479.6 58.0 537.6 328.0 2978.9 Aug. 1098.6 882.4 143.2 1025.6 482.1 56.6 538.6 336.7 2999.5 Sep. 1084.0 883.5 147.5 1031.0 480.0 57.2 537.2 346.7 2998.9 Oct. 1061.9 885.7 150.0 1035.8 456.5 56.9 513.4 360.6 2971.7 Nov. 1069.9 888.7 153.7 1042.5 458.9 53.0 511.8 358.2 2982.4 Dec. 1083.5 911.8 159.4 1071.3 450.1 55.5 505.5 359.7 3019.9 2005-Jan. 1081.7 958.2 165.0 1123.2 418.6 56.9 475.5 373.1 3053.5 Week ending: 2004-Dec. 27 1089.7 919.4 161.3 1080.7 447.8 58.1 505.9 360.2 3036.6 2005-Jan. 3 1085.7 927.5 161.1 1088.5 424.1 57.0 481.1 369.7 3025.0 10 1081.4 956.5 163.0 1119.5 413.3 56.7 470.0 364.8 3035.6 17 1079.5 969.8 164.8 1134.6 418.2 56.5 474.6 368.8 3057.5 24 1084.5 959.6 166.3 1125.9 417.1 56.5 473.6 380.0 3063.9 31 1079.6 957.7 167.9 1125.6 423.6 58.0 481.5 380.2 3066.9 Feb. 7 1061.6 963.0 168.3 1131.3 427.7 57.6 485.3 365.6 3043.8 14p 1058.2 967.6 170.5 1138.1 442.5 57.5 500.0 363.7 3060.0 21p 1066.6 961.4 172.2 1133.6 455.4 56.8 512.2 366.4 3078.8 ---------------------------------------------------------------------------------------------------------------------------------------------------------- 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. government deposits IRA and Keogh 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-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. 6.6 1.1 20.0 1.5 4.9 12.1 18.5 8.2 167.3 102.5 170.8 440.6 Nov. 7.2 1.0 17.9 1.6 5.1 10.1 16.8 5.9 166.8 102.3 167.0 436.1 Dec. 7.7 1.0 15.7 1.7 5.3 16.9 23.9 3.7 166.3 102.0 163.1 431.5 2004-Jan. 7.9 1.0 13.6 2.0 5.6 24.3 31.9 2.4 166.1 101.6 160.2 427.9 Feb. 7.6 1.1 13.7 1.6 5.3 15.8 22.6 2.2 166.2 101.7 158.4 426.4 Mar. 7.3 1.1 13.8 1.6 5.4 14.3 21.3 2.0 166.3 101.8 156.7 424.8 Apr. 7.2 1.2 14.4 2.7 6.0 16.3 25.1 1.9 166.8 101.9 155.8 424.4 May 7.3 1.2 15.6 1.6 5.4 13.4 20.3 2.0 167.5 101.9 156.1 425.5 June 7.4 1.1 16.8 1.8 5.7 20.9 28.5 2.1 168.3 101.9 156.4 426.6 July 7.4 1.1 17.7 1.4 5.0 10.1 16.4 2.1 168.8 101.8 156.1 e 426.6 e Aug. 7.4 1.1 18.4 1.3 4.8 3.1 9.2 2.2 168.8 101.7 154.9 e 425.5 e Sep. 7.3 1.1 19.1 1.6 5.6 16.7 23.9 2.2 168.9 101.7 153.8 e 424.3 e Oct. 7.3 e 1.1 e 19.5 e 1.5 5.0 20.3 26.9 2.3 e 168.9 e 101.6 e 153.2 e 423.7 e Nov. 7.3 e 1.1 e 19.5 e 1.4 4.9 12.7 19.1 2.3 e 168.9 e 101.6 e 153.2 e 423.7 e Dec. 7.3 e 1.1 e 19.5 e 1.5 5.1 15.8 22.4 2.3 e 168.9 e 101.6 e 153.2 e 423.7 e 2005-Jan. 7.3 e 1.1 e 19.5 e 1.8 5.1 23.0 29.9 2.3 e 168.9 e 101.6 e 153.2 e 423.7 e 2004-Dec. 27 1.3 4.4 25.2 30.9 2005-Jan. 3 1.7 5.8 19.9 27.4 10 1.5 5.1 7.2 13.9 17 1.9 4.8 6.2 13.0 24 2.4 5.2 35.3 42.8 31 1.5 5.0 45.5 51.9 Feb. 7 1.4 5.1 25.9 32.3 14p 1.3 4.9 6.4 12.6 21p 1.6 5.2 11.2 18.1 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. Source: Daily Treasury statement. e -- indicates estimated data p -- indicates preliminary data