[Economic Indicators April, 1995]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                   MONEY, CREDIT, AND SECURITY MARKETS

MONEY STOCK, LIQUID ASSETS, AND DEBT MEASURES

M2 and M3 rose in March.
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                                 [Averages of daily figures, except as noted; billions of dollars, seasonally adjusted]                                 
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                                       M1                 M2                 M3               L            Debt          Percent change from year or 6  
                               --------------------------------------------------------------------------------------         months earlier \2\        
                                                   M1 plus overnight                                                 -----------------------------------
                                                        RPs and                                                                                         
                                Sum of currency,   Eurodollars, MMMF    M2 plus large                     Debt of                                       
            Period              demand deposits,   balances (general   time deposits,      M3 plus       domestic                                       
                                   travelers'     purpose and broker/  term RPs, term   other liquid   nonfinancial                                     
                                   checks, and      dealer), MMDAs,   Eurodollars, and     assets         sectors        M1       M2       M3      Debt 
                                 other checkable    and savings and   institution-only                   (monthly                                       
                                deposits (OCDs)       small time        MMMF balances                  average) \1\                                     
                                                       deposits                                                                                         
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1985: Dec ....................             619.9             2,576.1           3,200.2      3,827.5         6,902.1      12.3      8.3      7.3     14.8
1986: Dec ....................             724.4             2,820.3           3,488.7      4,129.1         7,785.2      16.9      9.5      9.0     12.8
1987: Dec ....................             749.8             2,922.3           3,675.8      4,334.8         8,544.6       3.5      3.6      5.4      9.8
1988: Dec ....................             786.9             3,083.6           3,915.7      4,670.1         9,315.0       4.9      5.5      6.5      9.0
1989: Dec ....................             794.2             3,243.1           4,066.1      4,896.5        10,045.1        .9      5.2      3.8      7.8
1990: Dec ....................             825.9             3,355.9           4,123.0      4,973.5        10,690.2       4.0      3.5      1.4      6.4
1991: Dec ....................             897.3             3,457.9           4,176.0      4,990.9        11,171.1       8.6      3.0      1.3      4.5
1992: Dec ....................           1,024.4             3,515.3           4,182.9      5,061.1        11,706.1      14.2      1.7       .2      4.8
1993: Dec ....................           1,128.6             3,583.6           4,242.5      5,150.3        12,335.3      10.2      1.9      1.4      5.4
1994: Dec r...................           1,147.8             3,614.5           4,304.0      5,287.4        12,965.0       1.7       .9      1.4      5.1
                                                                                                                                                        
1994: Feb ....................           1,137.0             3,586.1           4,232.1      5,163.0        12,444.1       7.7      2.1      1.3      5.3
      Mar ....................           1,141.1             3,597.4           4,240.8    r 5,165.8        12,498.1       6.6      2.2      1.3      5.3
      Apr ....................           1,142.8             3,605.3           4,250.9      5,181.4        12,546.3       5.3      2.3      1.3      5.5
      May ....................           1,143.5             3,608.4           4,251.5      5,188.7        12,591.6       3.8      1.8       .8      5.3
      June ...................           1,147.0             3,605.1           4,256.6    r 5,185.4        12,641.4       3.3      1.2       .7      5.0
      July ...................           1,152.2           r 3,616.1           4,273.7      5,208.5        12,681.1       3.5      1.5      1.3      4.7
      Aug ....................           1,150.8             3,614.1           4,272.7      5,207.9        12,738.5       2.4      1.6      1.9      4.7
      Sept r..................           1,151.0             3,613.2           4,278.4      5,211.5        12,800.0       1.7       .9      1.8      4.8
      Oct r...................           1,148.1             3,608.9           4,284.8      5,231.0        12,856.5        .9       .2      1.6      4.9
      Nov r...................           1,147.5             3,610.0           4,291.1      5,241.5        12,919.2        .7       .1      1.9      5.2
      Dec r...................           1,147.8             3,614.5           4,304.0      5,287.4        12,965.0        .1       .5      2.2      5.1
                                                                                                                                                        
1995: Jan r...................           1,148.8             3,626.6           4,327.2      5,320.0        13,024.0       -.6       .6      2.5      5.4
      Feb r...................           1,147.1             3,623.2           4,335.7             p 5,374.2       p 13,10-.6       .5      2.9      5.7
      Mar.....................           1,147.8             3,631.8           4,358.1  ............  ..............      -.6      1.0      3.7  .......
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    \1\ Consists of outstanding 
credit market debt of the U.S. 
Government, State and local 
governments, and private 
nonfinancial sectors; data from flow 
of funds accounts.
    \2\ Annual changes are from 
December to December and monthly 
changes are from 6 months earlier at 
a simple annual rate.
    Note.--See p. 27 for components.

    Source: Board of Governors of 
the Federal Reserve System.