[Economic Indicators July, 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 June, growth accelerated in M2 and 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                          10,045.5                         .9      5.2      3.8      7.8
1990:Dec...........................             825.9             3,355.9           4,123.0      4,973.5                          10,693.8                        4.0      3.5      1.4      6.5
1991:Dec...........................             897.3             3,457.9           4,176.0      4,990.9                          11,178.2                        8.6      3.0      1.3      4.5
1992:Dec...........................           1,024.4             3,515.3           4,182.9      5,061.1                          11,716.7                       14.2      1.7       .2      4.8
1993:Dec...........................           1,128.6             3,583.6           4,242.5      5,150.3                          12,343.8                       10.2      1.9      1.4      5.4
1994:Decr..........................           1,148.0             3,615.6           4,304.9      5,294.4                          12,955.5                        1.7       .9      1.5      5.0
                                                                                                                                                                                                
1994:May...........................           1,143.5             3,608.5           4,251.4      5,190.4                          12,612.1                        3.8      1.8       .8      5.4
      June.........................           1,147.0             3,605.3           4,256.6      5,188.5                          12,651.6                        3.3      1.2       .7      5.0
      Julyr........................           1,152.2             3,616.7           4,274.4      5,213.9                          12,677.0                        3.5      1.5      1.3      4.7
      Augr.........................           1,150.8             3,614.7           4,273.7      5,215.5                          12,740.1                        2.4      1.6      2.0      4.9
      Septr........................           1,151.0             3,613.8           4,279.6      5,221.5                          12,797.5                        1.7       .9      1.8      4.8
      Octr.........................           1,148.2             3,609.5           4,286.1      5,240.2                          12,844.5                         .9       .2      1.7      4.6
      Novr.........................           1,147.6             3,610.8           4,292.2      5,249.3                          12,913.6                         .7       .1      1.9      4.8
      Decr.........................           1,148.0             3,615.6           4,304.9      5,294.4                          12,955.5                         .2       .6      2.3      4.8
                                                                                                                                                                                                
1995:Janr..........................           1,149.0             3,627.2           4,327.8      5,321.8                          13,010.0                        -.6       .6      2.5      5.3
      Febr.........................           1,147.3             3,622.7           4,336.7      5,364.2                          13,090.3                        -.6       .4      2.9      5.5
      Marr.........................           1,147.9             3,630.1           4,359.0      5,409.3                          13,149.9                        -.5       .9      3.7      5.5
      Aprr.........................           1,149.7             3,642.6           4,380.6      5,453.9                          13,202.2                         .3      1.8      4.4      5.6
      Mayr.........................           1,142.9             3,658.5           4,408.8             p5,485.5                          p13,261.3               -.8      2.6      5.4      5.4
      June.........................           1,143.8             3,693.4           4,453.2  ............  .................................................      -.7      4.3      6.9  .......
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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.