TABLE-U.S. M-2 money supply down $13.3 bln Mar 8 wk

NEW YORK, Mar 18 (BestGrowthStock) – U.S. M-2 money supply fell by
$13.3 billion in the March 8 week to $8,513.3 billion, the
Federal Reserve said on Thursday.

The Fed said the four-week moving average of M-2 was
$8,526.3 billion vs. $8,519.6 billion in the previous week.

Following are the details of the money supply report, and
the Fed’s H.3 and H.4 reports:

One week ended March 08 (billions dlrs)

Latest Change Prev week Rvsd from
M-1….1,700.3 down…12.6 vs 1,712.9…..1,712.9
M-2….8,513.3 down…13.3 vs 8,526.6…..8,526.6
M-2 Avg 4 wks (Vs Wk ago)..8,526.3 vs …8,519.6
Monthly aggregates (Adjusted avgs in billions)
M-1 (Feb vs Jan)……….1,710.4 vs…..1,676.3
M-2 (Feb vs Jan)……….8,518.6 vs…..8,463.3

Federal Reserve’s H.3 and H.4 report:

Two Weeks Ended March 10 daily avgs-mlns (H.3)
Free Reserves……rvsd..1,077,275 vs.rvsd.1,104,808
Other Borrowings…………85,852 vs………87,470
Seasonal Loans….7 vs……………
Total Borrowings………..101,275 vs……..102,895
Term Auction Credit………15,425 vs………15,426
Excess Reserves……….1,163,127 vs……1,192,278
Required Reserves (Adj)…..64,546 vs………61,414
Required Reserves………..63,225 vs………61,985
Total Reserves………..1,226,352 vs……1,254,264
Non-Borrowed Reserves….1,125,078 vs……1,151,369
Monetary Base (Unadj)….2,120,593 vs……2,147,641

One week ended March 17 (H4.1)
Bank Borrowings……….85,320 up………….169
Primary Credit………..11,489 down………2,241
Secondary Credit…………600 down………..157
Seasonal Credit……………9 vs…………unch
Primary Dealer…………..nil vs…………unch
Asset-Backed.nil vs…………unch
AIG Credit Ext………..24,983 up……………8
TALF……48,239 up………..2,559
Other Credit Ext…………nil vs…………unch
Float…..-1,830 up…………..58
Balances/Adjustments……2,693 down…………47
Currency.932,848 up…………..72
Treasury Deposits……..52,167 up……….16,025
Maiden Lane LLC……….27,270 up……………9
Maiden Lane II………..15,332 up……………6
Maiden Lane III……….22,120 up………….106

One week ended March 17 – daily avgs-mlns
Fed bank credit………..2,292,461 up……..29,943
Treasuries held outright….776,615 up…………38
Agencies held outright……168,052 up………..327
Mortgage-Backed secs……1,066,832 up……..39,380
Repos…………nil vs……….unch
Other Fed assets………….96,103 up………1,856
Other Fed liabilities……..68,455 up………2,058
Other deposits with Fed……35,806 up……..35,502
Foreign deposits…………..2,750 up…………75
Gold stock….11,041 vs……….unch
Custody holdings……….2,996,693 up……..14,914

Factors on March 17
Bank borrowings…………..85,105 vs……..83,791
Float………-1,993 vs……..-2,018

Stock Research

TABLE-U.S. M-2 money supply down $13.3 bln Mar 8 wk