Observation:
Aug 2024: 5,301.3 (+ more) Updated: Sep 24, 2024 12:43 PM CDTAug 2024: | 5,301.3 | |
Jul 2024: | 5,244.0 | |
Jun 2024: | 5,192.1 | |
May 2024: | 5,148.1 | |
Apr 2024: | 5,159.7 | |
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Units:
Billions of Dollars,Frequency:
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Source: Board of Governors of the Federal Reserve System (US)
Release: H.6 Money Stock Measures
Units: Billions of Dollars, Seasonally Adjusted
Frequency: Monthly
The demand deposits component of M1 is defined as demand deposits at domestically chartered commercial banks, U.S. branches and agencies of foreign banks, and Edge Act corporations (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 (CIPC) and Federal Reserve float. CIPC and Federal Reserve float are substracted from the demand deposit component of M1 in order to avoid double counting deposits that are simultaneously on the books of two depository institutions. Demand deposits due to the public and CIPC are reported on the FR 2900 and, for institutions that do not file the FR 2900, are estimated using data reported on the Call Reports. Demand deposits held by foreign banks and foreign official institutions are estimated using data reported on the Call Reports. Federal Reserve float is obtained from the consolidated balance sheet of the Federal Reserve Banks, which is published each week in the Federal Reserve Board's H.4.1 statistical release.
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Board of Governors of the Federal Reserve System (US), Demand Deposits [DEMDEPSL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DEMDEPSL, .