Release: H.6 Money Stock Measures
This weekly series is discontinued and will no longer be updated. The non-seasonally adjusted version of this weekly series is WSMTMNS, and the seasonally adjusted monthly series is STDSL.
Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided. For further information about the changes to the H.6 Statistical Release, see the announcements provided by the source.
The small-denomination time deposits component of M2 includes time deposits at banks and thrifts with balances less than $100,000. The small-denomination time deposit component of M2 excludes individual retirement account (IRA) and Keogh balances at depository institutions because heavy penalties for pre-retirement withdrawals make them too illiquid to be included in the monetary aggregates. Gross small-denomination time deposits, derived as the difference between total time deposits and time deposits with balances of $100,000 or more, are reported on the FR 2900 and, for institutions that do not file an FR 2900, are estimated using data reported on the Call Reports. IRA and Keogh account balances at depository institutions are estimated using data reported on the Call Reports.
Board of Governors of the Federal Reserve System (US), Small-Denomination Time Deposits: Total (DISCONTINUED) [WSMTIME], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WSMTIME, December 6, 2023.