[Economic Indicators May, 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

In April, growth accelerated in M2 and was unchanged in M3.
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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                                                                                                      
               Period                demand deposits,   balances (general   time deposits,      M3 plus                                                                                         
                                        travelers'     purpose and broker/  term RPs, term   other liquid                         Debt                                                          
                                        checks, and      dealer), MMDAs,   Eurodollars, and     assets     ofdomesticnonfinancialsectors(monthlyaverage) \1\     M1       M2       M3      Debt 
                                      other checkable    and savings and   institution-only                                                                                                     
                                     deposits (OCDs)       small time        MMMF balances                                                                                                      
                                                            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             3,615.1           4,304.5      5,294.0                          12,965.0                        1.7       .9      1.5      5.1
                                                                                                                                                                                                
1994:Mar r.......................           1,141.1             3,597.4           4,240.6      5,165.5                          12,498.1                        6.6      2.2      1.3      5.3
      Apr r........................           1,142.8             3,605.4           4,250.8      5,181.2                          12,546.3                        5.3      2.3      1.3      5.5
      May r........................           1,143.5             3,608.5           4,251.4      5,188.4                          12,591.6                        3.8      1.8       .8      5.3
      June r.......................           1,147.0             3,605.3           4,256.6      5,185.1                          12,641.4                        3.3      1.2       .7      5.0
      July r.......................           1,152.2             3,616.2           4,273.8      5,208.4                          12,681.1                        3.5      1.5      1.3      4.7
      Aug r........................           1,150.8             3,614.2           4,272.7      5,208.1                          12,738.5                        2.4      1.6      1.9      4.7
      Sept r.......................           1,151.0             3,613.3           4,278.4      5,211.9                          12,800.0                        1.7       .9      1.8      4.8
      Oct r........................           1,148.1             3,609.0           4,284.9      5,231.6                          12,856.5                         .9       .2      1.6      4.9
      Nov r........................           1,147.5             3,610.3           4,291.4      5,244.9                          12,919.2                         .7       .1      1.9      5.2
      Dec r........................           1,147.8             3,615.1           4,304.5      5,294.0                          12,965.0                         .1       .5      2.3      5.1
                                                                                                                                                                                                
1995: Jan r........................           1,148.8             3,626.9           4,327.7      5,327.0                          13,021.9                        -.6       .6      2.5      5.4
      Feb r........................           1,147.1             3,622.7           4,335.8      5,375.8                          13,096.8                        -.6       .5      3.0      5.6
      Mar r........................           1,147.9             3,630.3           4,356.8             p 5,426.0                         p 13,154.9              -.5       .9      3.7      5.5
      Apr..........................           1,149.7             3,642.9           4,377.9  ............  .................................................       .3      1.9      4.3  .......
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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.