TABLE-U.S. M-2 money supply rose $34.3 bln in May 3 wk

May 13 (BestGrowthStock) – U.S. M-2 money supply rose by $34.3
billion in the May 3 week to $8,504.3 billion, the Federal
Reserve said.

The Fed said the four-week moving average of M-2 was
$8,472.8 billion vs. $8,472.4 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 03 (billions dlrs)

Latest Change Prev week Rvsd from
M-1….1,736.1 up…..41.5 vs 1,694.6…..1,694.7
M-2….8,504.3 up…..34.3 vs 8,470.0…..8,470.0
M-2 Avg 4 wks (Vs Wk ago)..8,472.8 vs …8,472.4
Monthly aggregates (Adjusted avgs in billions)
M-1 (April vs March)……1,700.7 vs…..1,712.2
M-2 (April vs March)……8,479.8 vs…..8,512.1

Federal Reserve’s H.3 and H.4 report:

Two Weeks Ended May 5 daily avgs-mlns (H.3)
Free Reserves………rvsd.931,380 vs.rvsd…975,565
Other Borrowings…………78,089 vs………79,450
Seasonal Loans…33 vs………….23
Total Borrowings…………78,088 vs………79,450
Term Auction Credit…………… vs……………
Excess Reserves……….1,009,469 vs……1,055,015
Required Reserves (Adj)…..65,249 vs………67,303
Required Reserves………..69,639 vs………66,450
Total Reserves………..1,079,108 vs……1,121,465
Non-Borrowed Reserves….1,001,021 vs……1,042,016
Monetary Base (Unadj)….1,975,146 vs……2,019,214

One week ended May 5 (H4.1)
Bank Borrowings……….77,186 down………..912
Primary Credit…………5,150 down………..197
Secondary Credit…………486 down…………14
Seasonal Credit…………..43 up…………..10
Primary Dealer…………..nil vs…………unch
Asset-Backed.nil vs…………unch
AIG Credit Ext………..26,808 down………..254
TALF……44,699 down………..457
Other Credit Ext…………nil vs…………unch
Float…..-1,883 up…………..52
Balances/Adjustments……2,665 down………….1
Currency.937,635 up………..1,610
Treasury Deposits……..34,305 down……..42,362
Maiden Lane LLC……….28,261 up…………..30
Maiden Lane II………..15,839 down………..222
Maiden Lane III……….23,299 down………..306

One week ended May 5 – daily avgs-mlns
Fed bank credit………..2,310,188 down…….1,240
Treasuries held outright….776,776 up…………48
Agencies held outright……168,112 down………113
Mortgage-Backed secs……1,097,579 up………..282
Repos…………nil vs……….unch
Other Fed assets………….97,848 up………1,380
Other Fed liabilities……..70,695 down………805
Other deposits with Fed…….3,251 up………2,641
Foreign deposits…………..1,480 down…….2,504
Gold stock….11,041 vs……….unch
Custody holdings……….3,063,772 down……11,084

Factors on May 5
Bank borrowings…………..76,637 vs……..77,749
Float………-2,253 vs……..-2,487

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TABLE-U.S. M-2 money supply rose $34.3 bln in May 3 wk