TABLE-U.S. M-2 money supply up $21.1 bln in May 31 wk

NEW YORK, June 10 (BestGrowthStock) – U.S. M-2 money supply rose by
$21.1 billion in the May 31 week to $8,594.6 billion, the
Federal Reserve said on Thursday.

The Fed said the four-week moving average of M-2 was
$8,567.6 billion vs. $8,545.0 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 31 (billions dlrs)

Latest Change Prev week Rvsd from
M-1….1,727.3 up…..27.8 vs 1,699.5…..1,699.7
M-2….8,594.6 up…..21.1 vs 8,573.5…..8,573.8
M-2 Avg 4 wks (Vs Wk ago)..8,567.6 vs …8,545.0
Monthly aggregates (Adjusted avgs in billions)
M-1 (May vs April)……..1,705.2 vs…..1,700.6
M-2 (May vs April)……..8,560.1 vs…..8,479.9

Federal Reserve’s H.3 and H.4 report:

Two Weeks Ended June 2 daily avgs-mlns (H.3)
Free Reserves……..rvsd..974,521 vs.rvsd…978,355
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……….1,047,858 vs……1,055,064
Required Reserves (Adj)…..65,531 vs………63,503
Required Reserves………..69,313 vs………62,839
Total Reserves………..1,117,170 vs……1,117,904
Non-Borrowed Reserves….1,043,834 vs……1,041,195
Monetary Base (Unadj)….2,016,601 vs……2,019,100

One week ended June 9 (H4.1)
Bank Borrowings……….70,965 down………..488
Primary Credit…………..105 down………..573
Secondary Credit…………300 vs…………unch
Seasonal Credit…………..46 up……………7
Asset-Backed.nil vs…………unch
AIG Credit Ext………..26,699 up………….293
TALF……43,815 down………..215
Other Credit Ext…………nil vs…………unch
Float…..-2,005 down………..289
Balances/Adjustments……2,548 down…………95
Currency.942,206 down………..794
Treasury Deposits……..32,796 down………..339
Maiden Lane LLC……….28,371 up…………..33
Maiden Lane II………..15,722 down………..187
Maiden Lane III……….23,110 down………..277

One week ended June 9 – daily avgs-mlns
Fed bank credit………..2,313,588 down…….6,168
Treasuries held outright….776,925 up…………19
Agencies held outright……166,715 down……….95
Mortgage-Backed secs……1,113,651 up………..138
Repos…………nil vs……….unch
Other Fed assets………….92,996 up………..376
Other Fed liabilities……..70,929 down………531
Other deposits with Fed………940 up………..557
Foreign deposits…………..1,877 down………108
Gold stock….11,041 vs……….unch
Custody holdings……….3,075,891 up…………30

Factors on June 09
Bank borrowings…………..70,792 vs……..71,036
Float………-2,193 vs……..-2,823

Investment Basics

TABLE-U.S. M-2 money supply up $21.1 bln in May 31 wk