1 FEDERAL RESERVE STATISTICAL RELEASE H.6 (508) Table 1 For release at 4:30 p.m. Eastern Time July 27, 2006 MONEY STOCK MEASURES Billions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------- Date M1(1) M2(2) M1(1) M2(2) ----------------------------- ------------------------------------------------------------ ------------------------------------------------------- Seasonally adjusted Not seasonally adjusted ----------------------------- ------------------------------------------------------------ ------------------------------------------------------- 2004-July 1343.4 6283.3 1338.7 6281.1 Aug. 1354.2 6305.4 1352.5 6300.9 Sep. 1360.6 6335.4 1349.8 6332.9 Oct. 1360.9 6358.5 1351.3 6352.8 Nov. 1374.3 6394.2 1370.9 6403.9 Dec. 1372.3 6413.2 1401.5 6448.1 2005-Jan. 1367.2 6428.7 1362.7 6408.1 Feb. 1369.6 6449.4 1355.5 6409.4 Mar. 1373.1 6469.2 1382.3 6472.0 Apr. 1366.6 6476.3 1372.4 6519.1 May 1371.3 6485.0 1369.3 6463.7 June 1375.5 6512.2 1383.4 6515.2 July 1369.9 6533.2 1364.5 6536.3 Aug. 1377.5 6564.3 1376.3 6559.9 Sep. 1374.1 6595.1 1362.6 6592.3 Oct. 1374.5 6624.5 1364.0 6618.1 Nov. 1375.2 6643.9 1373.2 6657.1 Dec. 1368.7 6671.8 1396.7 6709.4 2006-Jan. 1382.2 6733.2 1377.1 6703.0 Feb. 1375.9 6752.2 1362.1 6709.1 Mar. 1384.9 6767.5 1394.2 6773.1 Apr. 1390.6 6790.0 1396.7 6836.6 May 1393.6 6796.5 1391.7 6774.6 June 1369.9 6829.9 1377.5 6832.2 ---------------------------------------------------------------------------------------------------------------------------------------------------- Percent change at seasonally adjusted annual rates M1 M2 ---------------------------------------------------------------------------------------------------------------------------------------------------- 3 Months from Mar. 2006 TO June 2006 -4.3 3.7 6 Months from Dec. 2005 TO June 2006 0.2 4.7 12 Months from June 2005 TO June 2006 -0.4 4.9 ---------------------------------------------------------------------------------------------------------------------------------------------------- 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. 1 H.6 (508) Table 2 MONEY STOCK MEASURES Billions of Dollars -------------------------------------------------------------------------------------------------------------------------------------------------------- M1 M2 M1 M2 -------------------------------- -------------------------------- -------------------------------- ----------------------------------- Period Ending 13-week 4-week week 13-week 4-week week 13-week 4-week week 13-week 4-week week average average average average average average average average average average average average ----------------- ----------------------------------------------------------------- -------------------------------------------------------------------- Seasonally adjusted Not seasonally adjusted ----------------- ----------------------------------------------------------------- -------------------------------------------------------------------- 2006-Apr. 24 1384.9 1396.2 1402.7 6764.5 6788.3 6802.1 1384.7 1401.1 1421.4 6763.2 6845.2 6818.5 May 1 1383.3 1387.1 1387.9 6769.4 6789.3 6791.5 1384.7 1392.3 1414.8 6773.5 6833.2 6763.8 8 1383.4 1389.3 1382.1 6772.8 6790.7 6770.5 1385.1 1392.1 1348.9 6779.7 6812.8 6774.0 15 1385.7 1389.7 1386.0 6776.8 6786.3 6781.0 1388.3 1387.5 1364.8 6787.0 6786.5 6789.7 22 1387.3 1388.3 1397.2 6779.7 6787.5 6807.0 1390.8 1382.9 1403.2 6791.0 6774.2 6769.3 29 1388.4 1392.5 1404.6 6782.4 6792.5 6811.4 1393.2 1389.9 1442.5 6794.0 6772.4 6756.7 June 5 1388.9 1392.6 1382.7 6785.1 6801.9 6808.3 1394.5 1395.0 1369.6 6797.7 6786.9 6831.9 12 1388.8 1385.2 1356.3 6789.8 6808.4 6806.7 1394.0 1387.5 1334.8 6803.1 6800.0 6841.9 19 1386.8 1375.2 1357.2 6794.8 6816.3 6838.6 1391.7 1378.8 1368.1 6808.4 6819.5 6847.5 26 1385.6 1367.5 1373.6 6801.3 6825.8 6849.5 1389.8 1372.2 1416.2 6812.3 6831.4 6804.3 July 3 1383.9 1372.4 1402.6 6807.7 6841.2 6870.1 1388.3 1387.6 1431.2 6815.5 6836.8 6853.6 10p 1383.9 1376.7 1373.3 6815.1 6854.8 6860.8 1387.1 1387.2 1333.3 6818.1 6848.8 6889.7 17p 1381.5 1375.6 1352.9 6819.8 6860.2 6860.5 1383.0 1377.6 1329.6 6816.3 6854.6 6870.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- Percent change at seasonally adjusted annual rates M1 M2 -------------------------------------------------------------------------------------------------------------------------------------------------------- Thirteen weeks ending July 17, 2006 from thirteen weeks ending: Apr. 17, 2006 (13 weeks previous) -0.6 3.5 Jan. 16, 2006 (26 weeks previous) 1.3 4.6 July 18, 2005 (52 weeks previous) 0.7 4.9 -------------------------------------------------------------------------------------------------------------------------------------------------------- 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. 1 H.6 (508) Table 3 SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars ------------------------------------------------------------------------------------------------------------------------------------------ Other Checkable Deposits ------------------------------------------------------ At commercial At thrift Date Currency(1) Traveler's checks(2) Demand Deposits(3) banks(4) institutions(5) Total ------------------------------------------------------------------------------------------------------------------------------------------ 2005-Feb. 700.8 7.5 338.6 183.2 139.5 322.7 Mar. 702.9 7.5 339.2 183.6 139.9 323.5 Apr. 703.9 7.5 331.2 184.3 139.7 324.0 May 705.7 7.5 332.8 185.0 140.3 325.3 June 708.4 7.4 339.7 183.0 137.1 320.1 July 710.0 7.3 334.4 181.7 136.5 318.2 Aug. 712.8 7.4 336.8 183.0 137.5 320.5 Sep. 716.1 7.3 330.5 181.7 138.4 320.1 Oct. 717.4 7.3 331.0 180.4 138.4 318.8 Nov. 720.1 7.3 328.6 180.5 138.6 319.2 Dec. 723.5 7.3 320.8 179.9 137.3 317.2 2006-Jan. 729.4 7.2 326.2 181.6 137.8 319.4 Feb. 733.8 7.1 318.3 178.9 137.7 316.6 Mar. 736.6 6.9 322.2 180.6 138.5 319.1 Apr. 739.0 6.8 326.4 180.6 137.8 318.4 May 742.7 6.9 326.9 181.0 136.1 317.1 June 740.9 7.0 312.0 177.2 132.7 310.0 Week Ending: 2006-May 22 743.4 7.0 329.9 181.0 136.0 317.0 29 743.2 7.0 336.4 179.7 138.2 317.9 June 5 741.8 7.0 317.9 179.4 136.6 316.1 12 741.2 7.0 300.5 176.7 130.9 307.7 19 741.3 7.0 301.6 176.1 131.3 307.3 26 741.3 6.9 316.6 175.5 133.3 308.8 July 3 739.4 6.9 339.7 182.4 134.1 316.5 10p 739.9 6.9 e 316.9 177.7 131.9 309.6 17p 740.1 6.9 e 303.7 172.3 129.9 302.2 ------------------------------------------------------------------------------------------------------------------------------------------ 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. 1 H.6 (508) Table 4 SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------- Savings Deposits(1) Small-denomination time deposit(2) --------------------------------------- --------------------------------------- Memorandum: At At At At Retail Institutional Date commercial thrift commercial thrift money Total money banks institutions Total banks institutions Total funds(3) Non-M1 M2 funds ---------------------------------------------------------------------------------------------------------------------------------------------------- 2005-Feb. 2654.1 883.7 3537.8 559.9 281.4 841.3 700.6 5079.7 1055.4 Mar. 2664.9 878.1 3543.0 569.9 284.5 854.4 698.7 5096.1 1050.7 Apr. 2673.5 867.5 3541.0 577.7 290.7 868.4 700.3 5109.7 1058.9 May 2662.9 870.3 3533.2 587.6 296.7 884.3 696.2 5113.7 1059.4 June 2673.6 868.8 3542.4 597.5 302.0 899.5 694.8 5136.7 1070.8 July 2691.1 862.5 3553.6 608.2 306.2 914.5 695.3 5163.3 1080.5 Aug. 2697.9 865.3 3563.2 617.7 312.4 930.0 693.6 5186.9 1093.2 Sep. 2719.5 859.4 3579.0 626.4 317.4 943.8 698.3 5221.0 1109.4 Oct. 2735.0 858.3 3593.2 623.6 330.7 954.3 702.5 5250.1 1121.3 Nov. 2744.2 855.1 3599.4 629.4 335.8 965.2 704.1 5268.7 1122.7 Dec. 2771.7 850.0 3621.7 637.5 338.8 976.3 705.1 5303.1 1138.3 2006-Jan. 2789.4 858.4 3647.8 645.7 343.5 989.2 714.0 5351.0 1152.5 Feb. 2793.1 864.3 3657.3 654.2 348.7 1002.9 716.1 5376.4 1149.8 Mar. 2784.9 855.9 3640.8 663.1 354.2 1017.3 724.5 5382.6 1156.8 Apr. 2799.4 840.7 3640.0 669.9 360.3 1030.2 729.2 5399.4 1170.9 May 2774.2 845.7 3619.9 678.1 366.7 1044.7 738.3 5403.0 1186.2 June 2789.0 848.8 3637.8 688.5 373.8 1062.2 760.0 5460.1 1201.6 Week ending: 2006-May 22 2773.6 852.1 3625.7 679.0 367.0 1046.0 738.1 5409.8 1181.0 29 2756.2 854.9 3611.1 681.2 368.5 1049.7 746.1 5406.8 1192.6 June 5 2785.4 838.3 3623.7 683.4 370.4 1053.8 748.1 5425.6 1186.1 12 2797.8 843.6 3641.4 685.5 372.2 1057.7 751.3 5450.4 1194.1 19 2805.3 851.7 3656.9 688.5 374.0 1062.6 762.0 5481.5 1212.1 26 2779.7 859.6 3639.3 691.7 375.3 1067.0 769.6 5476.0 1204.7 July 3 2777.0 848.3 3625.4 694.4 377.8 1072.2 770.0 5467.5 1210.4 10p 2799.1 840.2 3639.3 697.2 379.8 1077.0 771.2 5487.5 1216.9 17p 2806.9 847.8 3654.7 700.3 381.8 1082.2 770.7 5507.5 1211.1 ---------------------------------------------------------------------------------------------------------------------------------------------------- 1. Savings deposits include money market deposit accounts. 2. Small-denomination time deposits are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and thrift institutions are subtracted from small time deposits. 3. IRA and Keogh account balances at money market mutual funds are subtracted from retail money funds. p preliminary Components may not add to totals due to rounding. 1 H.6 (508) Table 5 NOT SEASONALLY ADJUSTED COMPONENTS OF M1 Billions of dollars ------------------------------------------------------------------------------------------------------------------------------------------ Other Checkable Deposits ------------------------------------------------------ At commercial At thrift Date Currency(1) Traveler's checks(2) Demand Deposits(3) banks(4) institutions(5) Total ------------------------------------------------------------------------------------------------------------------------------------------ 2005-Feb. 700.7 7.5 331.0 181.0 135.3 316.3 Mar. 702.6 7.4 345.3 186.6 140.3 326.9 Apr. 703.9 7.4 328.8 188.5 143.7 332.2 May 705.2 7.4 331.3 184.5 140.7 325.2 June 708.5 7.4 345.4 183.1 139.1 322.2 July 711.4 7.5 329.0 178.3 138.2 316.5 Aug. 712.3 7.5 336.6 181.6 138.2 319.8 Sep. 714.3 7.4 325.4 178.2 137.3 315.5 Oct. 715.7 7.2 326.9 176.6 137.5 314.2 Nov. 720.3 7.1 329.3 177.9 138.5 316.5 Dec. 728.9 7.2 338.0 184.9 137.8 322.6 2006-Jan. 727.3 7.2 321.3 186.5 134.9 321.3 Feb. 733.6 7.0 311.3 176.5 133.6 310.1 Mar. 736.9 6.9 328.4 183.7 138.5 322.1 Apr. 738.7 6.8 324.5 184.7 142.1 326.8 May 741.9 6.9 325.8 180.7 136.4 317.1 June 741.2 7.0 317.7 177.6 134.1 311.7 Week Ending: 2006-May 22 741.4 6.9 338.7 181.7 134.5 316.2 29 742.9 7.0 367.8 186.7 138.2 324.9 June 5 742.7 7.0 302.8 178.1 139.1 317.2 12 741.7 7.0 283.8 171.0 131.3 302.2 19 740.7 7.0 312.6 176.4 131.4 307.8 26 739.9 7.0 352.8 182.3 134.1 316.5 July 3 742.2 7.0 356.5 184.8 140.6 325.4 10p 743.8 7.1 e 281.3 168.8 132.5 301.3 17p 740.8 7.1 e 287.1 165.4 129.3 294.6 ------------------------------------------------------------------------------------------------------------------------------------------ 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. 1 H.6 (508) Table 6 NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2 Billions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------- Savings Deposits(1) Small-denomination time deposit(2) --------------------------------------- --------------------------------------- Memorandum: At At At At Retail Institutional Date commercial thrift commercial thrift money Total money banks institutions Total banks institutions Total funds(3) Non-M1 M2 funds ---------------------------------------------------------------------------------------------------------------------------------------------------- 2005-Feb. 2631.6 876.2 3507.7 559.6 281.3 840.8 705.3 5053.9 1068.6 Mar. 2656.6 875.4 3532.0 569.8 284.5 854.3 703.5 5089.8 1053.6 Apr. 2699.2 875.8 3575.0 577.9 290.9 868.8 702.9 5146.7 1048.0 May 2651.5 866.5 3518.0 588.0 296.9 884.9 691.6 5094.4 1040.7 June 2673.2 868.6 3541.8 597.9 302.2 900.0 689.9 5131.7 1061.6 July 2700.8 865.6 3566.4 608.6 306.4 915.0 690.4 5171.8 1068.9 Aug. 2696.4 864.8 3561.2 618.2 312.6 930.8 691.7 5183.6 1090.9 Sep. 2727.9 862.1 3590.0 626.6 317.5 944.1 695.5 5229.7 1106.7 Oct. 2740.3 859.9 3600.2 623.4 330.6 954.0 700.0 5254.1 1115.3 Nov. 2756.0 858.8 3614.8 629.0 335.6 964.5 704.6 5283.9 1124.7 Dec. 2776.0 851.3 3627.3 636.9 338.5 975.4 709.9 5312.6 1158.4 2006-Jan. 2767.1 851.5 3618.6 644.9 343.1 988.1 719.2 5325.9 1175.8 Feb. 2767.8 856.5 3624.3 653.8 348.5 1002.2 720.5 5347.1 1163.2 Mar. 2778.8 854.1 3632.9 663.0 354.2 1017.2 728.8 5378.8 1159.3 Apr. 2827.9 849.3 3677.2 670.2 360.5 1030.7 731.9 5439.9 1160.4 May 2761.4 841.8 3603.2 678.6 367.0 1045.6 734.1 5382.9 1168.1 June 2787.9 848.5 3636.4 689.1 374.1 1063.2 755.0 5454.7 1191.8 Week ending: 2006-May 22 2740.8 842.0 3582.8 679.5 367.3 1046.7 736.5 5366.0 1170.0 29 2686.2 833.2 3519.4 681.7 368.8 1050.5 744.3 5314.2 1179.8 June 5 2815.2 847.3 3662.5 684.1 370.8 1054.9 744.8 5462.2 1168.3 12 2841.8 856.9 3698.7 686.4 372.6 1059.0 749.4 5507.1 1194.2 19 2806.2 851.9 3658.2 689.1 374.3 1063.4 757.8 5479.3 1199.1 26 2717.3 840.3 3557.5 692.1 375.6 1067.7 763.0 5388.2 1200.7 July 3 2750.2 840.1 3590.3 695.0 378.1 1073.1 759.0 5422.4 1188.4 10p 2855.2 857.0 3712.3 697.9 380.2 1078.2 765.9 5556.4 1202.1 17p 2835.9 856.6 3692.5 700.9 382.2 1083.1 765.4 5541.0 1201.2 -------------------------------------------------------------------------------------------------------------------------------------------------- 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 preliminary Components may not add to totals due to rounding. 1 H.6 (508) Table 7 OTHER 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 Demand Note Time and Date -------------------------- deposits due to deposits Balance balances savings At Foreign Foreign foreign banks at at at Total deposits at At At money commercial official and official commercial Federal depository cash commercial commercial thrift market banks institutions institutions banks Reserve institutions(1) balance banks banks institutions funds Total -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 2005-Feb. 7.3 1.4 19.7 1.5 5.2 14.3 20.9 2.4 168.5 101.3 158.4 428.2 Mar. 7.3 1.3 19.4 1.4 4.7 21.1 27.2 2.4 168.8 101.3 158.7 428.8 Apr. 7.2 1.3 19.8 3.1 5.2 26.5 34.9 2.3 169.0 101.5 158.8 429.3 May 7.1 1.3 20.8 1.3 5.1 29.3 35.7 2.1 169.1 101.9 158.7 429.7 June 7.0 1.3 21.8 1.5 5.0 24.6 31.0 1.8 169.3 102.3 158.5 430.1 July 7.0 1.2 22.7 1.1 4.8 13.7 19.6 1.8 169.5 102.7 159.1 431.3 Aug. 7.1 1.1 23.3 1.1 5.0 7.5 13.6 1.9 169.9 102.9 160.6 433.4 Sep. 7.1 1.0 23.9 1.2 5.3 28.3 34.8 2.0 170.2 103.2 162.0 435.4 Oct. 7.2 1.0 24.9 1.2 4.9 18.7 24.8 2.0 170.4 103.3 163.9 437.6 Nov. 7.1 1.0 26.3 1.1 4.9 8.9 14.9 1.8 170.5 103.2 166.2 439.8 Dec. 7.1 1.0 27.6 1.2 5.1 23.0 29.4 1.5 170.5 103.1 168.5 442.1 2006-Jan. 7.1 1.1 27.7 1.4 4.9 28.9 35.2 1.5 171.9 103.3 170.1 e 445.4 e Feb. 7.3 1.3 27.0 1.0 5.2 17.1 23.3 1.5 174.4 103.8 171.1 e 449.3 e Mar. 7.5 1.6 26.2 1.1 5.0 11.4 17.5 1.5 176.8 104.3 172.1 e 453.3 e Apr. 7.6 e 1.6 e 25.9 e 2.2 5.0 21.9 29.1 1.5 e 178.0 e 104.6 e 172.6 e 455.3 e May 7.6 e 1.6 e 25.9 e 1.1 5.3 41.5 47.9 1.5 e 178.0 e 104.6 e 172.6 e 455.3 e June 7.6 e 1.6 e 25.9 e 2.5 5.1 27.1 34.7 1.5 e 178.0 e 104.6 e 172.6 e 455.3 e 2006-May 22 1.0 5.5 19.8 26.4 29 0.9 5.2 11.6 17.7 June 5 1.2 4.8 7.2 13.2 12 1.7 5.2 6.5 13.4 19 4.7 4.7 31.1 40.6 26 2.9 5.2 50.3 58.3 July 3 1.2 5.1 43.7 50.0 10p 1.2 5.3 15.9 22.4 17p 1.4 4.9 10.3 16.5 -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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.