1 
  
  
  
  
 FEDERAL RESERVE STATISTICAL RELEASE
  
 H.6 (508)
 Table 1                  These data are scheduled for release each Thursday at 4:30 p.m.
                                                                       March 24, 2005
 MONEY STOCK MEASURES
 Billions of dollars	                        
 ----------------------------------------------------------------------------------------
           Date                M11                    M22                    M33 
 ----------------------------------------------------------------------------------------
                                   Seasonally adjusted                         
 ----------------------------------------------------------------------------------------
       2003-Mar.                1238.3                 5889.4                 8644.8
            Apr.                1245.0                 5924.7                 8675.1
            May                 1265.7                 5978.8                 8732.2
            June                1275.9                 6020.0                 8785.9
            July                1279.8                 6064.3                 8878.1
            Aug.                1289.2                 6110.3                 8909.5
            Sep.                1289.5                 6092.1                 8905.4
            Oct.                1290.4                 6084.3                 8901.3
            Nov.                1291.9                 6079.7                 8883.7
            Dec.                1299.2                 6083.4                 8885.7
                                                                                    
       2004-Jan.                1297.0                 6096.4                 8944.4
            Feb.                1315.0                 6135.8                 9009.8
            Mar.                1327.5                 6174.4                 9087.4
            Apr.                1327.9                 6212.4                 9154.5
            May                 1331.8                 6271.0                 9244.3
            June                1338.7                 6283.2                 9284.9
            July                1331.4                 6285.1                 9289.3
            Aug.                1349.2                 6306.1                 9322.0
            Sep.                1353.8                 6341.0                 9370.5
            Oct.                1353.8                 6367.6                 9377.2
            Nov.                1368.8                 6404.5                 9403.2
            Dec.                1367.4                 6428.4                 9446.2
                                                                                    
       2005-Jan.                1358.5                 6442.2                 9485.3
            Feb.                1366.9                 6456.3                 9502.5
 ----------------------------------------------------------------------------------------
                                 Not seasonally adjusted  		    	 
 ----------------------------------------------------------------------------------------
       2003-Mar.                1240.5                 5906.3                 8690.8
            Apr.                1255.8                 5963.4                 8709.8
            May                 1260.2                 5960.2                 8724.4
            June                1278.1                 6016.7                 8789.3
            July                1281.0                 6059.7                 8847.3
            Aug.                1285.7                 6117.9                 8899.6
            Sep.                1280.8                 6089.2                 8868.7
            Oct.                1282.7                 6069.8                 8849.6
            Nov.                1287.6                 6093.8                 8894.3
            Dec.                1325.9                 6109.8                 8929.7
                                                                                    
       2004-Jan.                1296.1                 6068.3                 8934.9
            Feb.                1300.1                 6098.2                 8999.8
            Mar.                1330.9                 6177.2                 9116.4
            Apr.                1338.8                 6249.3                 9191.0
            May                 1326.9                 6261.1                 9250.3
            June                1342.2                 6286.7                 9297.8
            July                1332.7                 6292.1                 9275.0
            Aug.                1346.7                 6312.2                 9315.3
            Sep.                1344.5                 6344.4                 9347.3
            Oct.                1345.0                 6361.5                 9337.4
            Nov.                1363.9                 6410.5                 9398.1
            Dec.                1394.9                 6451.8                 9476.8
                                                                                    
       2005-Jan.                1357.0                 6406.9                 9462.8
            Feb.                1350.8                 6407.4                 9477.6
  ---------------------------------------------------------------------------------------
  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 Nov. 2004 TO Feb. 2005                    -0.6                  3.2                  4.2
  6 Months from Aug. 2004 TO Feb. 2005                     2.6                  4.8                  3.9
 12 Months from Feb. 2004 TO Feb. 2005                     3.9                  5.2                  5.5
                                                                                                              
 Thirteen weeks ending                                                                
 March 14 , 2005                                               
 from thirteen weeks ending:                                                             
                                                                                          
 Dec. 13, 2004 (13 weeks previous)                         1.0                  3.9                  3.9
 Sep. 13, 2004 (26 weeks previous)                         3.4                  4.7                  3.8
 Mar. 15, 2004 (52 weeks previous)                         4.4                  5.4                  5.7
 ---------------------------------------------------------------------------------------------------------
  
 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-Dec. 20             1361.3        1364.8        1366.3          6391.8        6422.4        6437.1          9400.7        9430.7        9435.7
            27             1362.6        1365.6        1382.7          6398.0        6430.2        6446.5          9405.5        9443.0        9471.1
                                                                                                                                                     
  2005-Jan.  3             1363.7        1371.0        1376.7          6402.7        6429.9        6412.8          9412.0        9450.5        9464.9
            10             1362.0        1363.3        1327.4          6407.5        6427.3        6412.9          9418.8        9455.5        9450.4
            17             1361.6        1357.2        1341.8          6414.1        6430.1        6448.2          9428.2        9468.8        9488.6
            24             1362.7        1355.6        1376.5          6420.7        6434.5        6464.0          9437.4        9477.3        9505.2
            31             1365.9        1359.6        1392.5          6426.8        6449.2        6471.6          9447.0        9491.1        9520.3
                                                                                                                                                     
       Feb.  7             1366.5        1368.2        1361.8          6433.2        6463.2        6468.8          9455.1        9502.6        9496.1
            14             1365.5        1370.6        1351.4          6436.2        6460.8        6438.6          9461.4        9498.2        9471.2
            21             1365.0        1370.1        1374.8          6439.3        6459.1        6457.3          9469.6        9500.5        9514.3
            28             1364.9        1366.5        1378.0          6442.6        6455.9        6458.8          9477.7        9502.2        9527.1
                                                                                                                                                     
       Mar.  7p            1364.6        1363.8        1351.0          6445.5        6451.5        6451.3          9482.9        9503.8        9502.7
            14p            1364.1        1364.2        1352.9          6447.3        6453.5        6446.6          9487.6        9508.8        9490.9
                                                                                                                                                     
                                                                                                                                                     
 ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                          Not seasonally adjusted
 ----------------------------------------------------------------------------------------------------------------------------------------------------
  2004-Dec. 20             1358.5        1376.0        1394.8          6391.8        6439.5        6462.7          9384.3        9454.5        9468.1
            27             1364.7        1383.8        1461.1          6403.6        6453.1        6456.8          9398.0        9477.3        9497.6
                                                                                                                                                     
  2005-Jan.  3             1371.2        1409.5        1447.3          6410.5        6453.5        6445.6          9408.6        9480.6        9474.2
            10             1372.0        1406.0        1320.8          6416.5        6452.2        6443.5          9419.4        9480.4        9481.6
            17             1372.1        1390.0        1330.9          6421.1        6446.3        6439.4          9431.1        9488.2        9499.2
            24             1371.4        1364.6        1359.3          6424.5        6425.7        6374.2          9441.0        9473.9        9440.4
            31             1372.5        1350.6        1391.5          6423.3        6401.0        6346.8          9447.0        9459.3        9416.0
                                                                                                                                                     
       Feb.  7             1372.1        1350.0        1318.2          6423.4        6392.7        6410.3          9451.8        9452.9        9456.0
            14             1371.5        1348.5        1325.0          6421.5        6383.8        6404.0          9456.5        9444.6        9466.0
            21             1371.2        1350.4        1367.0          6421.9        6391.8        6406.1          9464.4        9456.5        9487.9
            28             1368.3        1350.9        1393.2          6422.4        6407.4        6409.2          9471.6        9477.6        9500.4
                                                                                                                                                     
       Mar.  7p            1367.4        1354.5        1332.7          6424.0        6421.0        6464.6          9477.0        9496.4        9531.3
            14p            1367.7        1357.9        1338.7          6425.8        6438.0        6472.0          9481.9        9516.5        9546.4
                                                                                                                                                     
                                                                                                                                                     
 ----------------------------------------------------------------------------------------------------------------------------------------------------
 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-Oct.                       656.9               7.7                 318.8               169.8               137.3               307.1
       Nov.                       659.5               7.7                 317.3               170.1               137.4               307.5
       Dec.                       662.4               7.7                 317.6               175.8               135.7               311.5
                                                                                                                                           
                                                                                                                                           
  2004-Jan.                       664.6               7.8                 309.6               177.2               137.8               315.0
       Feb.                       666.5               7.8                 322.3               180.8               137.6               318.4
       Mar.                       668.4               7.8                 329.8               183.8               137.8               321.6
                                                                                                                                           
       Apr.                       670.8               7.8                 327.5               182.9               138.9               321.8
       May                        674.1               7.7                 327.0               183.1               139.8               322.9
       June                       678.4               7.7                 327.4               186.4               138.8               325.3
                                                                                                                                           
       July                       684.6               7.6                 313.6               185.0               140.5               325.5
       Aug.                       686.6               7.6                 327.5               188.2               139.4               327.5
       Sep.                       689.9               7.6                 330.7               186.9               138.7               325.6
                                                                                                                                           
       Oct.                       692.5               7.6                 326.3               187.1               140.3               327.4
       Nov.                       697.2               7.6                 332.7               189.5               141.8               331.3
       Dec.                       697.2               7.6                 333.4               187.6               141.6               329.1
                                                                                                                                           
                                                                                                                                           
  2005-Jan.                       700.0               7.5                 325.7               183.8               141.5               325.3
       Feb.                       702.0               7.5                 335.6               181.8               140.0               321.8
                                                                                                                                           
                                                                                                                                           
 Week Ending:                                				    				     				       				     			   
  2005-Jan. 17                    699.3               7.5                 312.5               181.3               141.2               322.5
            24                    701.1               7.5                 341.1               185.2               141.6               326.8
            31                    703.5               7.5                 351.2               189.1               141.2               330.3
                                                                                                                                           
       Feb.  7                    702.5               7.5                 330.7               179.8               141.4               321.1
            14                    700.6               7.5                 322.8               180.9               139.7               320.6
            21                    702.4               7.4                 344.0               181.2               139.7               320.9
            28                    702.4               7.4                 343.7               185.0               139.4               324.4
                                                                                                                                           
       Mar.  7p                   701.6               7.4 e               325.0               180.6               136.4               317.0
            14p                   703.4               7.4 e               322.8               182.3               136.9               319.2
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
 ------------------------------------------------------------------------------------------------------------------------------------------
 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-Oct.                  2305.4          840.7         3146.0          541.9          277.0          818.9          828.9         4793.8
       Nov.                  2324.8          834.7         3159.4          538.1          274.7          812.8          815.6         4787.8
       Dec.                  2340.5          834.0         3174.5          536.2          272.7          808.9          800.7         4784.2
                                                                                                                                            
                                                                                                                                            
  2004-Jan.                  2376.3          830.6         3206.9          534.3          271.5          805.9          786.7         4799.4
       Feb.                  2401.9          838.7         3240.6          532.7          270.9          803.7          776.5         4820.8
       Mar.                  2426.4          854.8         3281.2          530.7          270.9          801.6          764.1         4846.9
                                                                                                                                            
       Apr.                  2468.0          859.6         3327.5          528.9          270.2          799.1          757.9         4884.5
       May                   2511.4          871.0         3382.5          527.8          267.7          795.5          761.3         4939.2
       June                  2516.3          878.3         3394.7          528.4          267.1          795.5          754.3         4944.5
                                                                                                                                            
       July                  2532.3          882.2         3414.4          529.1          267.3          796.4          743.0         4953.8
       Aug.                  2535.5          885.5         3421.1          532.3          267.9          800.2          735.6         4956.9
       Sep.                  2560.1          893.5         3453.6          535.7          267.9          803.6          730.0         4987.3
                                                                                                                                            
       Oct.                  2593.0          890.5         3483.5          538.2          269.1          807.3          723.0         5013.8
       Nov.                  2617.2          889.9         3507.1          541.7          269.2          810.9          717.7         5035.7
       Dec.                  2637.9          892.3         3530.2          544.6          270.7          815.3          715.6         5061.1
                                                                                                                                            
                                                                                                                                            
  2005-Jan.                  2650.0          895.5         3545.5          549.6          275.1          824.7          713.4         5083.7
       Feb.                  2657.0          889.9         3546.9          556.1          279.7          835.7          706.8         5089.5
                                                                                                                                            
                                                                                                                                            
 Week ending:	        		      			     			    			   			      			     			      			   
  2005-Jan. 17               2669.5          901.1         3570.6          549.4          274.6          824.0          711.8         5106.4
            24               2651.7          895.7         3547.4          551.1          276.4          827.5          712.6         5087.5
            31               2635.9          901.8         3537.7          551.6          277.7          829.4          712.0         5079.1
                                                                                                                                            
       Feb.  7               2672.5          892.7         3565.2          553.0          279.1          832.1          709.7         5107.0
            14               2655.1          891.7         3546.8          554.0          279.9          833.9          706.5         5087.2
            21               2647.1          892.9         3540.0          556.2          281.0          837.2          705.4         5082.6
            28               2653.3          882.1         3535.4          561.0          278.8          839.8          705.6         5080.8
                                                                                                                                            
       Mar.  7p              2678.7          877.3         3556.1          562.7          280.5          843.2          701.0         5100.2
            14p              2668.3          878.8         3547.2          564.3          281.7          846.0          700.6         5093.7
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
 -------------------------------------------------------------------------------------------------------------------------------------------
 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 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-Oct.                  1156.8            736.8           122.9            859.7            512.4            288.3           2817.1        
        Nov.                  1136.1            746.6           121.7            868.3            510.2            289.5           2804.0   
        Dec.                  1118.5            761.8           119.7            881.5            508.9            293.3           2802.3
                                                                                                                                         
                                                                                                                                                
   2004-Jan.                  1115.7            794.8           120.9            915.6            514.8            301.9           2848.0
        Feb.                  1106.4            802.0           122.4            924.4            534.5            308.7           2874.0
        Mar.                  1114.3            820.4           124.8            945.2            538.5            314.9           2913.0
                                                                                                                                         
        Apr.                  1122.2            838.3           128.1            966.5            529.4            324.0           2942.2     
        May                   1124.9            850.5           132.1            982.6            540.9            324.9           2973.3   
        June                  1123.8            863.8           132.7            996.5            553.7            327.6           3001.7
                                                                                                                                         
        July                  1109.6            880.0           137.2           1017.2            541.8            335.6           3004.2
        Aug.                  1106.1            883.4           143.3           1026.6            539.8            343.4           3015.9
        Sep.                  1101.7            885.7           147.8           1033.5            540.4            353.7           3029.4   
                                                                                                                                         
        Oct.                  1078.0            890.8           151.1           1042.0            523.4            366.2           3009.6       
        Nov.                  1069.0            892.0           154.8           1046.8            516.4            366.5           2998.7         
        Dec.                  1068.9            906.0           159.5           1065.5            510.3            373.1           3017.8
                                                                                                                                         
                                                                                                                                         
   2005-Jan.                  1057.2            957.9           166.4           1124.3            481.9            379.7           3043.1
        Feb.                  1039.5            968.6           172.7           1141.4            498.1            367.3           3046.2          
                                                                                                                                                  
                                                                                                                                                                     
 Week ending:					  			 																                               
   2005-Jan. 17               1050.6            967.8           165.8           1133.6            480.6            375.5           3040.4                          
             24               1047.9            962.3           168.1           1130.4            476.3            386.5           3041.1                   
             31               1052.1            961.4           169.9           1131.3            478.4            387.0           3048.8                       
                                                                                                                                                                    
        Feb.  7               1041.9            963.4           169.8           1133.2            480.0            372.1           3027.3                       
             14               1035.2            968.1           172.0           1140.1            491.3            366.1           3032.6                        
             21               1041.4            965.2           174.1           1139.3            511.3            364.9           3057.0                    
             28               1039.5            977.7           175.1           1152.9            509.8            366.1           3068.3                      
                                                                                                                                                           
        Mar.  7p              1038.0            977.1           176.5           1153.6            493.7            366.1           3051.4                     
             14p              1032.8            980.9           177.1           1158.0            488.0            365.5           3044.3                     
                                                                                                                                                             
                                                                                                                                                                   
                                                                                                                                         
 ------------------------------------------------------------------------------------------------------------------------------------------
 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-Oct.                       655.7               7.6                 316.7               167.1               135.6               302.6
       Nov.                       660.2               7.6                 317.2               166.6               136.0               302.6
       Dec.                       667.0               7.6                 335.2               179.9               136.2               316.1
                                                                                                                                           
                                                                                                                                           
  2004-Jan.                       662.7               7.7                 309.4               183.4               132.9               316.3
       Feb.                       665.9               7.8                 313.1               180.0               133.3               313.3
       Mar.                       667.6               7.8                 330.0               186.9               138.6               325.6
                                                                                                                                           
       Apr.                       670.3               7.7                 330.2               187.7               142.8               330.6
       May                        674.0               7.7                 323.1               180.9               141.2               322.1
       June                       678.3               7.8                 327.8               186.6               141.7               328.3
                                                                                                                                           
       July                       686.0               7.8                 314.2               182.8               141.8               324.7
       Aug.                       686.3               7.7                 325.7               185.5               141.5               326.9
       Sep.                       688.2               7.6                 327.3               183.1               138.3               321.4
                                                                                                                                           
       Oct.                       692.1               7.5                 323.0               183.7               138.7               322.4
       Nov.                       697.7               7.5                 332.3               185.5               140.9               326.4
       Dec.                       702.7               7.5                 351.2               191.7               141.8               333.6
                                                                                                                                           
                                                                                                                                           
  2005-Jan.                       697.6               7.5                 325.4               190.0               136.5               326.4
       Feb.                       701.0               7.5                 325.9               181.1               135.3               316.4
                                                                                                                                           
                                                                                                                                           
 Week Ending:                                				    				     				       				     			   
  2005-Jan. 17                    697.2               7.5                 308.2               184.8               133.3               318.1
            24                    695.9               7.5                 330.5               191.8               133.7               325.5
            31                    696.4               7.5                 353.0               197.0               137.6               334.6
                                                                                                                                           
       Feb.  7                    701.2               7.5                 296.1               178.7               134.8               313.5
            14                    700.5               7.5                 308.4               176.3               132.4               308.6
            21                    702.1               7.5                 341.6               180.8               135.1               315.9
            28                    700.4               7.4                 357.7               188.5               139.1               327.7
                                                                                                                                           
       Mar.  7p                   703.0               7.4 e               303.7               180.4               138.1               318.5
            14p                   702.8               7.4 e               312.0               180.7               135.8               316.5
                                                                                                                                           
                                                                                                                                           
                                                                                                                                           
 ------------------------------------------------------------------------------------------------------------------------------------------
 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 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-Oct.                  2303.3          839.9         3143.2          542.1          277.1          819.2          824.7         4787.1
       Nov.                  2338.7          839.7         3178.4          538.8          275.1          813.9          814.0         4806.3
       Dec.                  2337.4          832.8         3170.2          536.7          273.0          809.7          804.0         4783.9
                                                                                                                                            
                                                                                                                                            
  2004-Jan.                  2352.4          822.3         3174.7          535.0          271.9          806.9          790.7         4772.3
       Feb.                  2380.2          831.1         3211.4          533.4          271.2          804.6          782.2         4798.1
       Mar.                  2418.7          852.1         3270.8          531.1          271.1          802.2          773.2         4846.3
                                                                                                                                            
       Apr.                  2484.4          865.3         3349.7          529.0          270.3          799.4          761.5         4910.5
       May                   2513.7          871.8         3385.5          527.4          267.5          795.0          753.8         4934.3
       June                  2522.1          880.3         3402.4          527.4          266.6          794.1          748.1         4944.6
                                                                                                                                            
       July                  2540.7          885.1         3425.9          528.3          266.8          795.1          738.4         4959.4
       Aug.                  2541.5          887.6         3429.1          531.6          267.6          799.2          737.2         4965.5
       Sep.                  2570.8          897.2         3468.0          535.3          267.8          803.1          728.8         4999.9
                                                                                                                                            
       Oct.                  2597.8          892.1         3489.9          538.2          269.0          807.2          719.4         5016.5
       Nov.                  2625.8          892.9         3518.7          542.2          269.4          811.6          716.3         5046.6
       Dec.                  2632.4          890.4         3522.8          545.1          271.0          816.1          718.1         5057.0
                                                                                                                                            
                                                                                                                                            
  2005-Jan.                  2621.9          886.1         3508.0          550.3          275.4          825.7          716.2         5049.9
       Feb.                  2628.4          880.3         3508.7          556.7          280.0          836.8          711.1         5056.6
                                                                                                                                            
                                                                                                                                            
 Week ending:	        		      			     			    			   			      			     			      			   
  2005-Jan. 17               2666.5          900.1         3566.6          550.1          274.9          825.0          716.9         5108.5
            24               2593.0          875.8         3468.9          551.5          276.6          828.1          717.9         5014.9
            31               2541.6          869.5         3411.2          552.0          277.9          829.9          714.2         4955.2
                                                                                                                                            
       Feb.  7               2658.2          888.0         3546.2          553.6          279.4          833.0          713.0         5092.1
            14               2645.6          888.5         3534.2          554.7          280.3          835.0          709.9         5079.0
            21               2610.0          880.4         3490.4          556.9          281.4          838.3          710.4         5039.1
            28               2599.8          864.3         3464.1          561.7          279.1          840.8          711.0         5015.9
                                                                                                                                            
       Mar.  7p              2696.5          883.2         3579.7          563.4          280.9          844.3          707.9         5131.9
            14p              2691.7          886.6         3578.3          565.0          282.1          847.1          708.0         5133.3
                                                                                                                                            
                                                                                                                                            
                                                                                                                                            
 -------------------------------------------------------------------------------------------------------------------------------------------
 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-Oct.                 1141.4           732.3          122.1          854.4           438.6           60.0          498.5        285.5         2779.9    
       Nov.                 1143.8           742.4          121.0          863.4           447.4           58.1          505.5        287.7         2800.5           
       Dec.                 1141.6           762.6          119.9          882.5           439.1           67.4          506.6        289.3         2819.8             
                                                                                                                                                                                  
                                                                                                                                                                                
  2004-Jan.                 1144.8           788.3          119.9          908.2           441.6           69.2          510.8        302.8         2866.5                    
       Feb.                 1130.2           793.9          121.2          915.0           475.1           66.9          541.9        314.5         2901.7                 
       Mar.                 1127.3           816.7          124.2          940.9           483.1           64.7          547.9        323.1         2939.2                  
                                                                                                                                                                                  
       Apr.                 1112.1           839.9          128.4          968.3           463.1           65.4          528.5        332.7         2941.7      
       May                  1108.3           864.5          134.3          998.7           483.1           66.7          549.8        332.3         2989.1                  
       June                 1112.9           873.0          134.1         1007.2           500.5           68.0          568.5        322.5         3011.1             
                                                                                                                                                                              
       July                 1095.3           884.0          137.9         1021.9           479.3           58.1          537.3        328.4         2982.9                 
       Aug.                 1100.0           884.3          143.4         1027.7           481.0           56.6          537.6        337.8         3003.1               
       Sep.                 1085.6           885.3          147.7         1033.0           478.2           57.3          535.6        348.6          3002.8              
                                                                                                                                                                      
       Oct.                 1063.8           885.7          150.2         1035.9           454.8           57.1          511.9        364.2         2975.8    
       Nov.                 1072.1           886.4          153.9         1040.3           457.8           53.2          511.0        364.3         2987.7                
       Dec.                 1086.0           905.9          159.5         1065.4           450.1           55.8          505.9        367.6         3025.0                    
                                                                                                                                                                  
                                                                                                                                                                              
  2005-Jan.                 1082.7           950.5          165.1         1115.6           419.5           57.3          476.8        380.7         3055.9                     
       Feb.                 1062.6           958.7          171.0         1129.7           447.4           57.0          504.4        373.5         3070.2                     
                                                                                                                                                                            
                                                                                                                                                                                
 Week ending:					  			  															                                                      
  2005-Jan. 17              1080.7           962.1          164.8         1126.9           419.1           56.8          475.9        376.2         3059.8
            24              1085.6           952.0          166.3         1118.3           418.1           56.9          475.0        387.4         3066.2             
            31              1080.3           950.4          167.9         1118.3           424.7           58.3          483.0        387.6         3069.3
                                                                                                                                                          
       Feb.  7              1062.3           955.2          168.3         1123.5           428.9           58.0          486.9        372.9         3045.6     
            14              1058.7           959.9          170.5         1130.4           443.8           57.9          501.7        371.1         3061.9            
            21              1067.1           954.6          172.2         1126.8           456.8           57.2          514.0        373.9         3081.8              
            28              1062.3           965.2          172.9         1138.1           459.9           55.1          515.0        375.9         3091.3                     
                                                                                                                                                                             
       Mar.  7p             1052.0           968.1          174.9         1143.0           446.3           53.5          499.8        371.9         3066.7
            14p             1052.0           976.2          176.3         1152.5           444.2           52.7          496.9        373.0         3074.4          
                                                                                                                                                                            
                                                                                                                                                                           
                                                                                                                                                          
 ---------------------------------------------------------------------------------------------------------------------------------------------------------- 
 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-Oct.                6.6          1.1         19.9            1.5          4.9         12.1         18.5        8.2        167.3         102.4         168.7         438.4  
       Nov.                7.2          1.0         17.4            1.6          5.1         10.1         16.8        5.9        166.8         102.1         164.6         433.5  
       Dec.                7.7          1.0         14.9            1.7          5.3         16.9         23.9        3.7        166.3         101.8         160.5         428.5  
                                                                                                                                                                                  
                                                                                                                                                                                  
  2004-Jan.                7.9          1.0         13.5            2.0          5.6         24.3         31.9        2.4        166.1         101.6         157.3         425.0  
       Feb.                7.6          1.1         13.3            1.6          5.3         15.8         22.6        2.2        166.3         101.7         155.3         423.3  
       Mar.                7.3          1.1         13.1            1.6          5.4         14.3         21.3        2.0        166.6         101.7         153.3         421.6  
                                                                                                                                                                                  
       Apr.                7.2          1.2         13.4            2.7          6.0         16.3         25.1        1.9        167.0         101.7         152.3         421.1  
       May                 7.3          1.2         14.4            1.6          5.4         13.4         20.3        2.0        167.7         101.8         152.6         422.1  
       June                7.4          1.1         15.4            1.8          5.7         20.9         28.5        2.1        168.4         101.8         153.0         423.1  
                                                                                                                                                                                  
       July                7.4          1.1         16.5            1.4          5.0         10.1         16.4        2.1        168.7         101.8         152.6         423.1  
       Aug.                7.4          1.1         17.7            1.3          4.8          3.1          9.2        2.2        168.6         101.7         151.5         421.9  
       Sep.                7.3          1.1         18.9            1.6          5.6         16.7         23.9        2.2        168.6         101.7         150.4         420.7  
                                                                                                                                                                                  
       Oct.                7.3          1.2         19.6            1.5          5.0         20.3         26.8        2.3        168.4         101.6         149.8 e       419.8 e
       Nov.                7.4          1.3         19.8            1.4          4.9         12.7         19.1        2.3        168.3         101.5         149.6 e       419.3 e
       Dec.                7.4          1.5         20.1            1.5          5.1         15.8         22.4        2.4        168.1         101.4         149.4 e       418.8 e
                                                                                                                                                                                  
                                                                                                                                                                                  
  2005-Jan.                7.4 e        1.5 e       20.2 e          1.8          5.1         23.0         29.9        2.4 e      168.0 e       101.3 e       149.3 e       418.6 e
       Feb.                7.4 e        1.5 e       20.2 e          1.5          5.2         14.3         20.9        2.4 e      168.0 e       101.3 e       149.3 e       418.6 e
                                                                                                                                                                                  
                                                                                                                                                                                  
  2005-Jan. 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                                                                    
            14                                                      1.3          4.9          6.4         12.6                                                                    
            21                                                      1.6          5.2         11.2         18.1                                                                    
            28                                                      1.5          5.5         13.7         20.6                                                                    
                                                                                                                                                                                  
       Mar.  7p                                                     1.4          4.0          2.5          7.9                                                                    
            14p                                                     1.5          5.1          5.5         12.1                                                                    
                                                                                                                                                                                  
                                                                                                                                                                                  
                                                                                                                                                                                  
 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 1. Source: Daily Treasury statement.
  e -- indicates estimated data	p -- indicates preliminary data