[Economic Indicators October, 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

Growth in M2 and M3 slowed in September.
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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             3,083.5           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        10,045.8        .9      5.2      3.8      7.8
1990:Dec......................             825.9             3,355.9           4,123.0      4,972.6        10,695.1       4.0      3.5      1.4      6.5
1991:Dec......................             897.3             3,457.9           4,176.0      4,989.8        11,179.9       8.6      3.0      1.3      4.5
1992:Dec......................           1,024.4             3,515.3           4,182.9      5,059.3        11,719.6      14.2      1.7       .2      4.8
1993:Dec......................           1,128.6             3,583.6           4,242.3      5,145.8        12,341.5      10.2      1.9      1.4      5.3
1994:Dec......................           1,148.0            r3,616.8          r4,303.0     r5,269.8        12,959.6       1.7       .9      1.4      5.0
                                                                                                                                                        
1994:Aug......................           1,150.8             3,614.9           4,273.8      5,226.5        12,744.8       2.4      1.6      2.0      5.0
      Sept....................           1,151.0             3,614.0           4,279.9     r5,224.6        12,804.0       1.7       .9      1.9      4.9
      Octr....................           1,148.2             3,610.1           4,286.4      5,237.5        12,850.8        .9       .3      1.7      4.7
      Novr....................           1,147.6             3,611.8           4,291.9      5,248.6        12,917.8        .7       .2      1.9      4.8
      Decr....................           1,148.0             3,616.8           4,304.0      5,269.8        12,959.6        .2       .6      2.2      4.9
                                                                                                                                                        
1995:Janr.....................           1,149.0             3,628.8           4,327.0      5,295.2        13,014.7       -.6       .7      2.5      5.3
      Febr....................           1,147.3             3,624.6           4,336.7      5,335.1        13,094.7       -.6       .5      2.9      5.5
      Marr....................           1,147.9             3,632.3           4,360.0      5,378.2        13,155.9       -.5      1.0      3.7      5.5
      Aprr....................           1,149.7             3,645.5           4,382.9      5,405.4        13,228.1        .3      2.0      4.5      5.9
      Mayr....................           1,143.0             3,662.1           4,412.3      5,433.9        13,319.2       -.8      2.8      5.6      6.2
      Juner...................           1,143.9             3,698.3           4,459.4      5,471.6        13,374.8       -.7      4.5      7.2      6.4
      Julyr...................           1,145.1             3,717.5           4,490.5      5,524.2        13,411.4       -.7      4.9      7.6      6.1
      Augr....................           1,143.7             3,743.2           4,519.1             p5,559.1        p13,450-.6      6.5      8.4      5.4
      Sept....................           1,140.2             3,758.0           4,535.4  ............  ..............     -1.3      6.9      8.0  .......
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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.