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April 11, 2002

H.6

NOTICE

As of May 2, publication of monthly debt measures in the H.6 release will be discontinued.

Quarterly debt series will continue to be published in the Federal Reserve's Flow of Funds

Accounts (the Z.1 release).


FEDERAL RESERVE statistical release
H.6 (508)
Table 1
MONEY STOCK AND DEBT MEASURES For release at 4:30 p.m. Eastern Time

Billions of dollars April 11, 2002

Date M11 M22 M3 3 DEBT4

Seasonally adjusted
2000-Apr. 1112.0 4752.4 6713.6 17694.9
May 1106.0 4759.8 6746.5 17767.1
June 1106.4 4781.3 6799.3 17852.8
July 1105.1 4802.9 6854.5 17925.8
Aug. 1102.1 4837.0 6927.7 17988.5
Sep. 1099.1 4869.0 6986.9 18067.3
Oct. 1099.2 4886.7 7010.6 18116.9
Nov. 1091.7 4901.3 7031.6 18193.0
Dec. 1088.9 4942.3 7116.0 18278.3

2001-Jan. 1095.8 4987.2 7213.6 18327.2


Feb. 1098.9 5025.7 7279.6 18402.0
Mar. 1107.4 5073.9 7331.8 18496.8
Apr. 1109.7 5115.8 7434.3 18575.6
May 1116.6 5141.4 7525.4 18674.9
June 1125.6 5187.8 7612.3 18767.9
July 1138.6 5229.2 7656.5 18825.1
Aug. 1147.2 5270.0 7672.5 18931.9
Sep. 1204.6 5388.1 7829.2 19060.2
Oct. 1161.5 5377.6 7876.6 19157.9
Nov. 1163.6 5421.3 7964.8 19274.8
Dec. 1178.1 5463.2 8033.9 19375.5

2002-Jan. 1181.1 5473.3 8026.4 19410.0


Feb. 1182.4 5503.2 8067.5 19493.1 p
Mar. p 1184.5 5496.5 8070.9

Not seasonally adjusted

2000-Apr. 1124.9 4814.7 6783.8 17665.8


May 1100.4 4740.8 6740.0 17706.0
June 1102.6 4765.4 6783.9 17786.7
July 1104.0 4783.7 6815.6 17851.2
Aug. 1095.9 4816.3 6886.2 17915.5
Sep. 1090.5 4851.9 6937.2 17994.6
Oct. 1093.6 4863.8 6960.2 18053.7
Nov. 1093.3 4892.3 7021.3 18162.9
Dec. 1112.3 4966.0 7151.1 18270.1

2001-Jan. 1099.5 4992.6 7234.0 18323.8


Feb. 1087.5 5021.4 7306.7 18394.6
Mar. 1107.4 5112.2 7400.2 18489.2
Apr. 1122.6 5185.7 7516.0 18537.0
May 1111.0 5122.6 7519.5 18595.9
June 1123.0 5174.1 7597.5 18683.2
July 1136.6 5205.3 7609.3 18734.7
Aug. 1141.8 5245.9 7623.5 18842.3
Sep. 1195.7 5368.6 7768.4 18970.8
Oct. 1156.0 5348.9 7812.9 19081.9
Nov. 1164.6 5409.7 7947.2 19236.5
Dec. 1202.3 5488.0 8072.0 19363.8

2002-Jan. 1184.1 5476.8 8053.9 19407.0


Feb. 1169.7 5494.3 8098.6 19483.5 p
Mar. p 1186.5 5542.1 8152.9

Footnotes appear on the following page

p preliminary
Components may not add to totals due to rounding.
Page 2
H.6 (508)
Table 2
MONEY STOCK AND DEBT MEASURES
Percent change at seasonally adjusted annual rates

M1 M2 M3 DEBT1

3 Months from Dec. 2001 TO Mar. 2002 2.2 2.4 1.8 4.5

6 Months from Sep. 2001 TO Mar. 2002 -3.3 4.0 6.2 5.9

12 Months from Mar. 2001 TO Mar. 2002 7.0 8.3 10.1 5.9

Thirteen weeks ending April 1 , 2002


from thirteen weeks ending:
Dec. 31, 2001 (13 weeks previous) 5.1 5.2 4.8

Oct. 1, 2001 (26 weeks previous) 3.2 7.3 8.7

Apr. 2, 2001 (52 weeks previous) 7.4 9.1 10.7

1. Growth rates for debt are based on periods beginning and ending one month earlier than for the monetary aggregates, namely, November 2001 to February 2002, August 2001 to February 2002,
and February 2001 to February 2002, respectively.
Footnotes to Table 1:

1. 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 all commercial banks other than those due to 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 calculated by
summing currency, travelers checks, demand deposits, and OCDs, each seasonally adjusted separately.
2. Consists of M1 plus savings deposits (including money market deposit accounts), small-denomination time deposits (time deposits—including retail RPs—in amounts of
less than $100,000), and balances in retail money market mutual funds. Excludes individual retirement account (IRA) and Keogh balances at depository institutions and
money market funds. Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail money fund balances, each season-
ally adjusted separately, and adding this result to seasonally adjusted M1.
3. Consists of M2 plus large-denomination time deposits (in amounts of $100,000 or more), balances in institutional money funds, RP liabilities (overnight and term) issued by
all depository institutions, and Eurodollars (overnight and term) held by U.S. residents at foreign branches of U.S. banks worldwide and at all banking offices in the United
Kingdom and Canada. Excludes amounts held by depository institutions, the U.S. government, money funds, and foreign banks and official institutions. Seasonally adjusted
M3 is calculated by summing large time deposits, institutional money fund balances, RP liabilities, and Eurodollars, each seasonally adjusted separately, and adding this
result to seasonally adjusted M2.
4. Debt: The debt aggregate is the outstanding credit market debt of the domestic nonfinancial sectors — the federal sector (U.S. government, not including government-
sponsored enterprises or federally related mortgage pools) and the nonfederal sectors (state and local governments, households and nonprofit organizations, nonfinancial
corporate and nonfarm noncorporate businesses, and farms). Nonfederal debt consists of mortgages, tax-exempt and corporate bonds, consumer credit, bank loans,
commercial paper, and other loans. The data, which are derived from the Federal Reserve Board’s flow of funds accounts, are break-adjusted (that is, discontinuities in the
data have been smoothed into the series) and month-averaged (that is, the data have been derived by averaging adjacent month-end levels). The presentation of the debt
data in this release differ, therefore, from the quarterly flow of funds statistics contained in the Federal Reserve Z.1 release. In that release, published levels of credit market
debt are measured on a quarter-end basis and contain discontinuities.

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 Publications 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.
Page 3
H.6 (508)
Table 3
MONEY STOCK MEASURES
Billions of dollars

Seasonally adjusted

M1 M2 M3
Period ending
13-week 4-week week 13-week 4-week week 13-week 4-week week
average average average average average average average average average
2002-Jan. 7 1169.3 1181.2 1181.3 5428.0 5468.2 5464.7 7970.3 8035.8 8010.6
14 1170.8 1181.1 1176.3 5435.3 5467.6 5466.0 7980.6 8025.3 8001.7
21 1172.1 1180.2 1177.9 5442.2 5467.0 5462.4 7991.9 8020.6 8018.1
28 1173.5 1180.0 1184.4 5450.1 5470.8 5489.9 8005.3 8023.6 8063.9

Feb. 4 1175.2 1180.0 1181.3 5456.6 5475.2 5482.6 8015.7 8034.6 8054.8
11 1176.6 1179.8 1175.4 5463.0 5482.0 5493.1 8023.7 8047.7 8054.1
18 1178.7 1183.1 1191.4 5469.8 5494.3 5511.6 8031.7 8062.2 8075.8
25 1180.1 1183.3 1185.0 5476.1 5500.4 5514.4 8039.4 8065.3 8076.5

Mar. 4 1180.6 1183.0 1180.1 5480.9 5506.5 5507.0 8043.7 8068.9 8069.0
11 1181.2 1183.8 1178.5 5484.4 5507.6 5497.5 8048.1 8072.3 8067.8
18 1181.8 1182.3 1185.4 5487.6 5507.3 5510.4 8051.4 8075.2 8087.3
25p 1182.6 1184.0 1192.1 5489.6 5501.3 5490.4 8054.6 8075.5 8078.0

Apr. 1p 1182.6 1185.1 1184.5 5491.1 5498.3 5494.7 8055.6 8074.6 8065.4

Not seasonally adjusted

2002-Jan. 7 1178.6 1211.4 1199.4 5428.1 5500.5 5523.0 7963.5 8072.0 8045.7
14 1181.2 1208.3 1174.5 5438.7 5500.5 5502.7 7982.6 8065.4 8080.7
21 1182.8 1199.6 1177.9 5449.0 5498.5 5470.9 8002.8 8063.9 8062.6
28 1183.6 1182.7 1178.8 5457.2 5481.3 5428.5 8021.2 8057.0 8039.1

Feb. 4 1184.9 1177.7 1179.6 5463.6 5470.2 5478.5 8035.6 8063.1 8069.9
11 1185.5 1171.8 1150.9 5470.4 5467.2 5490.7 8047.4 8066.6 8094.7
18 1186.3 1170.4 1172.2 5477.0 5474.0 5498.4 8059.1 8077.7 8107.2
25 1186.0 1170.0 1177.2 5483.0 5488.4 5485.9 8069.7 8091.7 8094.8

Mar. 4 1185.0 1171.1 1183.9 5489.9 5502.2 5533.8 8078.7 8106.6 8129.6
11 1185.1 1175.0 1166.5 5495.2 5516.2 5546.6 8086.8 8123.4 8162.0
18 1184.8 1177.6 1182.6 5499.0 5529.3 5551.0 8090.7 8136.2 8158.4
25p 1183.1 1180.9 1190.5 5501.4 5535.7 5511.3 8096.0 8146.8 8137.2

Apr. 1p 1180.6 1188.3 1213.7 5505.9 5540.9 5554.8 8103.1 8154.0 8158.5

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 data.
Components may not add to totals due to rounding.
Page 4
H.6 (508)
Table 4
SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars

Other checkable deposits


Date Currency1 Travelers checks2 Demand deposits3
At commercial banks4 At thrift Total
institutions 5
2000-Nov. 527.9 8.0 315.4 134.8 105.6 240.5
Dec. 530.1 8.0 309.9 133.2 107.7 240.9

2001-Jan. 533.6 8.1 312.0 133.7 108.5 242.2


Feb. 536.7 8.0 311.2 133.8 109.3 243.1
Mar. 539.4 7.9 313.5 134.8 111.7 246.5

Apr. 542.6 7.8 310.8 135.4 113.2 248.6


May 546.1 7.9 313.0 136.4 113.2 249.6
June 549.3 8.2 312.9 137.2 118.0 255.2

July 554.2 8.6 314.8 142.7 118.3 260.9


Aug. 562.7 8.8 317.8 139.9 118.0 257.9
Sep. 567.7 8.4 370.1 140.5 117.9 258.4

Oct. 571.4 8.2 328.6 141.2 112.1 253.3


Nov. 575.0 7.8 326.2 141.1 113.7 254.7
Dec. 579.9 7.8 329.3 142.5 118.7 261.1

2002-Jan. 585.7 7.8 326.5 142.5 118.6 261.1


Feb. 590.6 7.8 324.1 142.2 117.7 259.9
Mar. p 594.0 7.7 323.0 141.7 118.0 259.8

Week ending
2002-Feb. 4 588.6 7.8 323.0 142.9 119.0 261.9
11 589.6 7.8 319.6 141.9 116.5 258.4
18 590.7 7.8 332.9 143.0 117.0 260.0
25 591.7 7.8 323.9 143.0 118.7 261.7

Mar. 4 592.7 7.8 318.1 142.2 119.4 261.6


11 592.8 7.7 318.4 141.8 117.8 259.6
18 593.6 7.7 324.9 141.3 117.8 259.1
25p 595.0 7.7 329.2 142.6 117.6 260.2

Apr. 1p 596.1 7.7 321.9 140.6 118.1 258.8

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 commercial banks and foreign-related institutions other than those due to 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. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e estimated p preliminary
Components may not add to totals due to rounding.
Page 5
H.6 (508)
Table 5
SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars

Savings deposits1 Small-denomination time deposits2


Retail Total
Date money Non-M1 M2
At commercial At thrift At commercial At thrift funds
banks institutions Total banks institutions Total

2000-Nov. 1401.7 454.3 1856.1 694.2 343.2 1037.4 916.2 3809.6


Dec. 1423.7 452.1 1875.8 699.1 344.5 1043.7 934.0 3853.5

2001-Jan. 1442.7 453.1 1895.8 701.7 347.4 1049.1 946.4 3891.4


Feb. 1467.6 461.7 1929.3 700.2 349.3 1049.5 947.9 3926.8
Mar. 1491.9 471.0 1962.9 697.2 349.5 1046.6 957.0 3966.5

Apr. 1521.2 476.5 1997.7 692.2 350.8 1043.0 965.4 4006.1


May 1538.1 487.5 2025.6 686.7 353.6 1040.4 958.9 4024.8
June 1563.6 498.1 2061.7 680.4 352.6 1033.0 967.5 4062.2

July 1581.2 508.0 2089.2 673.3 350.5 1023.9 977.6 4090.6


Aug. 1612.7 518.1 2130.9 668.9 347.3 1016.2 975.7 4122.8
Sep. 1656.5 528.0 2184.4 663.8 345.7 1009.4 989.7 4183.5

Oct. 1673.6 543.1 2216.7 657.7 341.5 999.2 1000.2 4216.1


Nov. 1713.1 554.9 2268.0 648.9 337.4 986.3 1003.3 4257.7
Dec. 1746.0 561.4 2307.4 638.8 333.7 972.5 1005.1 4285.0

2002-Jan. 1773.3 572.7 2346.0 629.6 328.2 957.8 988.5 4292.2


Feb. 1805.6 592.6 2398.2 622.0 324.7 946.7 975.9 4320.8
Mar. p 1813.2 607.4 2420.6 615.4 322.5 937.9 953.5 4312.0

Week ending
2002-Feb. 4 1788.0 583.6 2371.6 624.1 325.8 949.9 979.8 4301.2
11 1804.8 588.0 2392.8 623.0 325.3 948.3 976.7 4317.8
18 1803.6 593.0 2396.7 622.0 324.6 946.6 977.0 4320.2
25 1810.6 598.9 2409.5 620.8 324.1 944.9 974.9 4329.3

Mar. 4 1816.5 598.3 2414.8 619.0 323.9 943.0 969.1 4326.9


11 1818.3 601.0 2419.4 616.8 323.6 940.4 959.2 4319.0
18 1821.7 609.8 2431.5 615.4 322.6 937.9 955.5 4324.9
25p 1802.0 612.5 2414.5 614.2 321.6 935.8 948.0 4298.3

Apr. 1p 1818.0 617.4 2435.4 612.8 321.2 934.0 940.8 4310.2

1. Savings deposits include money market deposit accounts.


2. Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p preliminary
Components may not add to totals due to rounding.
Page 6
H.6 (508)
Table 6
SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars

Large-denomination time deposits1 Debt components5


Date Institutional RPs3 Eurodollars4 Total
money funds Non-M2 M3
At commercial At thrift Total Federal Non-Federal
banks2 institutions
2000-Nov. 773.4 698.8 103.6 802.4 360.4 194.0 2130.2 3418.9 14774.1
Dec. 792.5 717.9 102.9 820.8 364.0 196.4 2173.6 3400.4 14877.9

2001-Jan. 822.1 733.4 106.2 839.6 364.2 200.5 2226.4 3380.7 14946.5
Feb. 878.7 699.0 106.9 805.9 359.2 210.2 2253.9 3372.9 15029.2
Mar. 901.6 672.7 107.2 779.9 352.7 223.7 2257.9 3376.8 15120.0

Apr. 926.9 693.6 109.2 802.7 372.0 216.9 2318.5 3347.5 15228.0
May 979.9 700.6 110.7 811.3 377.3 215.5 2383.9 3300.9 15374.0
June 1018.8 705.3 109.6 814.9 377.7 213.1 2424.5 3305.4 15462.5

July 1030.1 696.2 111.5 807.7 373.5 216.1 2427.3 3317.9 15507.2
Aug. 1022.5 681.9 114.6 796.4 370.7 213.0 2402.6 3339.0 15592.9
Sep. 1072.2 678.5 115.7 794.1 360.0 214.8 2441.1 3373.2 15687.1

Oct. 1140.2 674.6 116.1 790.7 356.0 212.0 2498.9 3373.2 15784.7
Nov. 1171.6 668.8 114.6 783.4 372.6 215.9 2543.5 3372.8 15901.9
Dec. 1197.2 672.8 113.9 786.7 373.5 213.3 2570.7 3381.4 15994.1

2002-Jan. 1167.1 684.5 115.0 799.5 374.3 212.2 2553.1 3380.1 16029.9
Feb. 1166.3 687.1 114.4 801.5 377.8 218.7 2564.3 3401.2 p 16091.9 p
Mar. p 1167.9 697.2 113.7 810.9 374.9 220.8 2574.5

Week ending
2002-Feb. 4 1167.1 697.3 115.5 812.8 376.9 215.4 2572.2
11 1158.2 693.4 114.9 808.3 373.9 220.6 2561.0
18 1169.2 683.1 114.0 797.1 378.1 219.8 2564.2
25 1171.1 678.9 114.0 792.9 380.2 217.9 2562.1

Mar. 4 1165.8 682.5 113.6 796.1 381.7 218.4 2562.0


11 1165.0 689.1 113.2 802.3 381.1 221.8 2570.3
18 1181.6 690.3 113.4 803.7 372.7 219.0 2577.0
25p 1167.1 706.8 113.9 820.8 376.3 223.5 2587.6

Apr. 1p 1157.4 714.8 114.3 829.1 363.8 220.3 2570.6

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 commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and
official institutions.
3. Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
4. Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada,
excluding those held by depository institutions and by money funds.
5. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p preliminary
Components may not add to totals due to rounding.
Page 7
H.6 (508)
Table 7
NOT SEASONALLY ADJUSTED COMPONENTS OF M1
Billions of dollars

Other checkable deposits


Date Currency1 Travelers checks2 Demand deposits3
At commercial banks4 At thrift Total
institutions 5
2000-Nov. 528.2 8.2 318.7 132.7 105.5 238.2
Dec. 535.2 8.1 326.5 136.0 106.5 242.5

2001-Jan. 532.2 8.2 315.0 139.1 105.1 244.1


Feb. 536.2 8.2 303.9 133.1 106.2 239.3
Mar. 539.8 8.0 310.9 136.5 112.2 248.7

Apr. 542.9 7.9 312.5 142.5 116.9 259.3


May 545.8 8.0 306.8 136.9 113.4 250.2
June 548.8 8.0 309.8 137.5 118.8 256.3

July 554.5 8.2 315.4 138.7 119.8 258.4


Aug. 561.9 8.4 316.1 135.4 120.0 255.4
Sep. 566.3 8.3 366.1 135.4 119.7 255.1

Oct. 569.7 8.1 328.1 138.8 111.2 250.0


Nov. 575.4 7.9 329.2 138.7 113.4 252.1
Dec. 584.9 7.9 347.0 146.0 116.5 262.5

2002-Jan. 584.3 8.0 329.0 148.4 114.4 262.9


Feb. 590.1 8.0 316.3 141.4 114.0 255.4
Mar. p 595.0 7.9 321.7 143.5 118.5 262.0

Week ending
2002-Feb. 4 586.1 8.0 322.9 146.1 116.6 262.7
11 589.6 8.0 302.5 137.3 113.4 250.8
18 591.5 8.0 321.0 140.3 111.4 251.8
25 590.4 7.9 320.9 144.8 113.1 258.0

Mar. 4 592.7 7.9 319.6 143.3 120.4 263.7


11 594.5 7.9 307.1 138.2 118.7 256.9
18 594.3 7.9 322.7 140.7 117.0 257.7
25p 594.7 7.9 323.8 147.8 116.3 264.1

Apr. 1p 596.9 7.9 339.5 148.3 121.2 269.5

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 commercial banks and foreign-related institutions other than those due to 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. Consists of NOW and ATS balances at commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations.
5. Consists of NOW and ATS balances at thrifts, credit union share draft balances, and demand deposits at thrifts.

e estimated p preliminary
Components may not add to totals due to rounding.
Page 8
H.6 (508)
Table 8
NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M1 M2
Billions of dollars

Savings deposits1 Small-denomination time deposits2


Retail
money Total
Date Non-M1 M2
At commercial At thrift At commercial At thrift funds
banks institutions Total banks institutions Total

2000-Nov. 1398.9 453.4 1852.4 696.1 344.1 1040.1 906.6 3799.1


Dec. 1426.9 453.1 1880.0 700.0 345.0 1045.0 928.7 3853.7

2001-Jan. 1436.3 451.1 1887.4 704.1 348.6 1052.8 952.9 3893.0


Feb. 1459.9 459.3 1919.2 702.4 350.5 1052.9 961.9 3933.9
Mar. 1499.1 473.2 1972.3 697.8 349.7 1047.5 985.0 4004.8

Apr. 1542.8 483.2 2026.0 691.7 350.5 1042.2 994.8 4063.0


May 1536.1 486.9 2022.9 684.3 352.4 1036.7 951.9 4011.6
June 1567.5 499.3 2066.8 677.0 350.8 1027.8 956.5 4051.1

July 1579.7 507.6 2087.3 671.1 349.4 1020.4 961.0 4068.7


Aug. 1607.4 516.4 2123.9 667.9 346.8 1014.7 965.6 4104.1
Sep. 1655.4 527.6 2183.0 664.2 345.9 1010.0 979.8 4172.8

Oct. 1661.6 539.2 2200.8 659.3 342.4 1001.7 990.4 4192.9


Nov. 1710.3 554.0 2264.3 650.7 338.3 988.9 991.9 4245.1
Dec. 1750.4 562.8 2313.2 639.5 334.0 973.5 999.0 4285.8

2002-Jan. 1766.2 570.4 2336.6 631.7 329.3 960.9 995.3 4292.7


Feb. 1795.5 589.3 2384.8 623.8 325.7 949.5 990.3 4324.6
Mar. p 1824.0 611.0 2435.0 615.8 322.7 938.5 982.1 4355.6

Week ending
2002-Feb. 4 1776.8 579.9 2356.7 626.7 327.1 953.8 988.3 4298.9
11 1807.9 589.1 2396.9 625.2 326.5 951.7 991.2 4339.8
18 1796.3 590.6 2387.0 623.9 325.6 949.5 989.8 4326.2
25 1780.2 588.9 2369.0 622.2 324.8 947.0 992.6 4308.7

Mar. 4 1819.4 599.3 2418.7 620.1 324.5 944.5 986.7 4349.9


11 1843.6 609.4 2453.0 617.5 323.9 941.4 985.8 4380.2
18 1832.9 613.6 2446.5 615.8 322.8 938.7 983.3 4368.4
25p 1793.5 609.6 2403.0 614.4 321.7 936.1 981.6 4320.8

Apr. 1p 1816.5 616.9 2433.4 612.8 321.2 933.9 973.9 4341.1

1. Savings deposits include money market deposit accounts.


2. Small-denomination time deposits—including retail RPs—are those issued in amounts of less than $100,000. All IRA and Keogh account balances at commercial banks and
thrifts are subtracted from small time deposits.

p preliminary
Components may not add to totals due to rounding.
Page 9
H.6 (508)
Table 9
NOT SEASONALLY ADJUSTED COMPONENTS OF NON-M2 M3 AND DEBT
Billions of dollars

Large-denomination time deposits1 RPs3 Debt components5


Date Institutional Total
money funds Eurodollars4 Non-M2 M3
At commercial At thrift Total At commercial At thrift Total Federal Non-Federal
banks2 institutions banks institutions
2000-Nov. 770.6 701.2 104.0 805.2 302.2 58.3 360.5 192.8 2129.0 3401.2 14761.8
Dec. 801.4 718.4 103.0 821.3 306.1 58.2 364.2 198.2 2185.1 3403.5 14866.6

2001-Jan. 844.7 725.5 105.0 830.5 306.7 57.7 364.4 201.9 2241.4 3373.2 14950.7
Feb. 907.0 697.4 106.6 804.0 301.6 59.9 361.5 212.8 2285.3 3368.7 15025.9
Mar. 924.9 675.1 107.6 782.7 296.3 58.2 354.5 225.9 2288.0 3392.5 15096.7

Apr. 934.8 695.6 109.5 805.1 311.6 59.3 370.9 219.5 2330.3 3341.0 15196.0
May 977.3 706.4 111.6 818.1 323.1 59.7 382.8 218.7 2396.9 3262.9 15333.0
June 1006.5 710.2 110.4 820.6 324.2 58.7 382.9 213.5 2423.4 3252.0 15431.1

July 1008.9 695.9 111.5 807.4 315.8 58.1 373.9 213.8 2404.0 3247.7 15487.0
Aug. 1005.2 678.7 114.0 792.8 313.7 55.9 369.6 210.0 2377.6 3281.0 15561.3
Sep. 1042.4 675.8 115.2 791.0 305.1 49.3 354.5 212.0 2399.9 3319.1 15651.7

Oct. 1117.8 672.9 115.8 788.8 301.1 48.2 349.4 208.1 2464.0 3318.2 15763.7
Nov. 1165.2 670.5 114.9 785.4 319.1 52.8 371.9 214.9 2537.5 3352.4 15884.1
Dec. 1208.3 672.9 113.9 786.8 313.9 60.4 374.3 214.5 2583.9 3384.0 15979.8

2002-Jan. 1198.8 677.0 113.8 790.8 299.9 74.4 374.3 213.2 2577.1 3372.0 16035.1
Feb. 1204.2 685.5 114.1 799.6 300.3 79.1 379.4 221.1 2604.3 3396.3 p 16087.2 p
Mar. p 1198.3 699.7 114.1 813.7 300.4 75.4 375.8 223.0 2610.9

Week ending
2002-Feb. 4 1196.6 685.8 113.6 799.3 297.3 82.6 379.9 215.5 2591.4
11 1200.5 688.6 114.1 802.7 299.1 80.8 379.9 220.9 2604.0
18 1207.6 684.7 114.2 799.0 301.0 77.8 378.9 223.2 2608.7
25 1213.2 680.6 114.3 794.8 301.0 77.1 378.2 222.7 2608.9

Mar. 4 1193.7 685.8 114.2 800.0 303.6 78.1 381.6 220.5 2595.8
11 1202.7 693.4 113.9 807.3 303.2 80.4 383.6 221.8 2615.4
18 1207.2 692.0 113.6 805.6 297.5 76.6 374.1 220.5 2607.4
25p 1200.8 705.7 113.8 819.5 305.5 73.3 378.8 226.8 2625.9

Apr. 1p 1183.1 719.6 115.0 834.7 292.4 68.9 361.3 224.6 2603.6

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 commercial banks less those held by money market mutual funds, depository institutions, U.S. government, and foreign banks and
official institutions.
3. Overnight and term RPs of $100,000 or more issued by depository institutions, excluding those held by depository institutions and by money funds.
4. Overnight and term Eurodollars issued to U.S. addressees by foreign branches of U.S. banks worldwide and by all banking offices in the United Kingdom and Canada,
excluding those held by depository institutions and by money funds.
5. Debt data are on a monthly average basis, derived by averaging adjacent end-of-month levels, and have been adjusted to remove discontinuities.

p preliminary
Components may not add to totals due to rounding.
Page 10
H.6 (508)
Table 10
MEMORANDUM ITEMS
Billions of dollars, not seasonally adjusted
Time and
Demand deposits savings U.S. government deposits IRA and Keogh Accounts
at banks due to deposits
due to Demand Balance Note Time and
Date Foreign Foreign foreign Total savings At At At
banks and deposits at at balances at money
commercial official commercial Federal depository cash deposits at commercial thrift Total
official commercial market
banks institutions banks Reserve institutions1 balance banks institutions funds
institutions banks
2000-Nov. 9.0 1.4 29.9 1.2 5.1 10.6 16.9 6.3 156.6 94.1 139.5 390.1
Dec. 9.9 1.6 30.5 1.5 5.8 11.6 18.9 6.3 156.9 94.7 139.6 391.2

2001-Jan. 9.5 1.5 32.0 2.6 6.7 36.5 45.7 6.8 157.8 95.3 143.0 396.1
Feb. 8.4 1.4 34.1 1.2 4.9 16.0 22.1 7.4 159.0 95.9 148.4 403.3
Mar. 7.3 1.3 36.2 1.2 5.4 6.4 13.0 8.1 160.2 96.4 153.8 410.5

Apr. 6.9 1.2 34.9 4.7 5.9 18.8 29.4 8.7 161.0 96.4 156.1 413.4
May 7.4 1.2 30.7 1.1 5.1 25.7 31.9 9.2 161.2 95.9 155.4 412.5
June 7.8 1.1 26.5 2.0 5.6 15.2 22.8 9.7 161.4 95.4 154.8 411.6

July 8.0 1.1 23.7 1.1 5.1 19.9 26.1 10.2 161.3 95.3 154.6 e 411.2 e
Aug. 8.0 1.1 21.9 1.1 5.0 26.7 32.8 10.8 160.9 95.5 154.8 e 411.3 e
Sep. 8.1 1.3 20.2 2.1 6.6 19.6 28.4 11.4 160.5 95.7 155.1 e 411.3 e

Oct. 8.2 1.6 19.2 2.6 5.2 27.8 35.6 11.5 160.3 95.5 155.2 e 411.0 e
Nov. 8.4 1.4 18.8 2.8 5.1 22.5 30.4 11.1 160.3 95.1 155.2 e 410.5 e
Dec. 8.5 1.5 18.4 4.1 5.3 27.2 36.5 10.7 160.2 94.6 155.2 e 410.0 e

2002-Jan. 8.6 e 1.4 e 18.3 e 3.5 7.0 39.2 49.7 10.5 e 160.4 e 94.5 e 155.2 e 410.0 e
Feb. 8.6 e 1.4 e 18.3 e 2.6 4.9 33.0 40.5 10.5 e 160.8 e 94.5 e 155.2 e 410.5 e
Mar. p 8.6 e 1.4 e 18.3 e 2.7 5.6 16.9 25.1 10.5 e 161.2 e 94.5 e 155.2 e 410.9 e

Week ending
2002-Feb. 4 2.8 8.2 46.0 57.0
11 2.3 4.9 31.9 39.2
18 3.0 5.0 27.5 35.6
25 2.4 4.5 36.8 43.7

Mar. 4 2.6 5.4 22.6 30.7


11 2.2 4.9 10.0 17.1
18 3.4 6.4 19.9 29.7
25p 2.4 5.4 27.6 35.3

Apr. 1p 2.8 5.3 10.9 19.0

1. Source: Daily Treasury statement.


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