TABLE-U.S. M-2 money supply down $700 mln in May 24 wk

June 3 (BestGrowthStock) – U.S. M-2 money supply rose by $0.7
billion in the May 24 week to $8,573.8 billion, the Federal
Reserve said.

The Fed said the four-week moving average of M-2 was
$8,545.1 billion vs. $8,519.2 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 May 24 (billions dlrs)

Latest Change Prev week Rvsd from
M-1….1,699.7 up…..16.1 vs 1,683.6…..1,683.8
M-2….8,573.8 up……0.7 vs 8,573.1…..8,573.2
M-2 Avg 4 wks (Vs Wk ago)..8,545.1 vs …8,519.2
Monthly aggregates (Adjusted avgs in billions)
M-1 (April vs March)……1,700.6 vs…..1,712.2
M-2 (April vs March)……8,479.9 vs…..8,512.1

Federal Reserve’s H.3 and H.4 report:

Two Weeks Ended June 2 daily avgs-mlns (H.3)
Free Reserves…………..974,522 vs.rvsd…978,361
Other Borrowings…………73,337 vs………76,709
Seasonal Loans…44 vs………….44
Total Borrowings…………73,336 vs………76,709
Term Auction Credit…………… vs……………
Excess Reserves……….1,047,859 vs……1,055,070
Required Reserves (Adj)…..65,526 vs………63,497
Required Reserves………..69,308 vs………62,833
Total Reserves………..1,117,167 vs……1,117,903
Non-Borrowed Reserves….1,043,831 vs……1,041,194
Monetary Base (Unadj)….2,016,012 vs……2,019,099

One week ended June 2 (H4.1)
Bank Borrowings……….71,453 down………3,765
Primary Credit…………..678 down………3,637
Secondary Credit…………300 down………..100
Seasonal Credit…………..39 down………….9
Asset-Backed.nil vs…………unch
AIG Credit Ext………..26,406 up………….273
TALF……44,030 down………..292
Other Credit Ext…………nil vs…………unch
Float…..-1,716 down………….4
Balances/Adjustments……2,643 vs…………unch
Currency.943,000 up………..5,311
Treasury Deposits……..33,135 up………..7,058
Maiden Lane LLC……….28,338 up…………..27
Maiden Lane II………..15,909 up…………..53
Maiden Lane III……….23,387 up…………..14

One week ended June 2 – daily avgs-mlns
Fed bank credit………..2,319,753 down…….3,999
Treasuries held outright….776,906 up…………44
Agencies held outright……166,810 down………567
Mortgage-Backed secs……1,113,513 down…….4,419
Repos…………nil vs……….unch
Other Fed assets………….92,618 down………785
Other Fed liabilities……..71,460 down………241
Other deposits with Fed………383 up…………22
Foreign deposits…………..1,985 up………..543
Gold stock….11,041 vs……….unch
Custody holdings……….3,075,861 up………9,593

Factors on June 2
Bank borrowings…………..71,036 vs……..74,937
Float………-2,823 vs……..-1,819

Stock Market News

TABLE-U.S. M-2 money supply down $700 mln in May 24 wk