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FEDERAL RESERVE statistical release H.6 (508) MONEY STOCK MEASURES .PERAL RESER Table 1 For release at 4:30 p.m. Eastern Time January 10, 2019 Money Stock Measures Billions of dollars Seasonally adjusted Not seasonally adjusted Date M1 1 M22 M11 M22 2017-Jan. 3,397.7 13,276.9 3,387.7 13,274.9 Feb. 3,393.0 13,320.1 3,346.5 13,288.2 Mar. 3,443.8 13,393.1 3,467.5 13,476.0 Apr. 3,443.5 13,448.9 3,473.2 13,542.8 May 3,502.9 13,508.7 3,503.6 13,454.2 June 3,503.9 13,543.6 3,508.5 13,496.5 July 3,530.6 13,615.3 3,539.3 13,569.2 Aug. 3,563.7 13,665.5 3,574.6 13,632.9 Sept. 3,564.0 13,708.6 3,533.3 13,688.3 Oct 3,591.6 13,755.9 3,588.6 13,728.9 Nov. 3,606.6 13,785.7 3,584.6 13,791.8 Dec. 3,598.7 13,836.5 3,636.9 13,919.8 2018-Jan. 3,647.1 13,844.4 3,636.3 13,837.3 Feb. 3,614.2 13,870.3 3,558.5 13,831.6 Mar. 3,664.4 13,934.7 3,686.2 14,018.6 Apr. 3,660.6 13,958.4 3,693.0 14,054.8 May 3,653.9 14,028.8 3,657.3 13,975.0 June 3,658.1 14,115.3 3,661.1 14,069.5 July 3,667.2 14,147.2 3,680.5 14,100.5 Aug. 3,700.7 14,211.2 3,712.3 14,180.4 Sept. 3,727.4 14,241.7 3,695.7 14,221.3 Oct. 3,738.2 14,270.4 3,735.9 14,243.4 Nov. 3,716.4 14,318.1 3,696.2 14,321.9 Dec. 3,780.9 14,454.9 3,818.9 14,538.8 Percent change at seasonally adjusted annual rates M1 M2 3 Months from Sept. 2018 TO Dec. 2018 5.7 6.0 6 Months from June 2018 TO Dec. 2018 6.7 4.8 12 Months from Dec. 2017 TO Dec. 2018 5.1 45 onents may not add to totals due to rounding. 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler's checks of nonbank issuers; (3) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately. 2. M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000), less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market mutual funds, less IRA and Keogh balances at money market mutual funds. Seasonally adjusted M2 is constructed by summing savings deposits, small-denomination time deposits, and retail money funds, each seasonally adjusted separately, and adding this result to seasonally adjusted M1