[Economic Indicators May, 1996]
[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 slowed in M2 and 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\
Debt of -----------------------------------
M2 plus large domestic
Sum of currency, M1 plus retail time deposits, nonfinancial
Period demand deposits, MMMF balances, RPs, Euro- M3 plus sectors
travelers' MMDAs, and savings dollars, and other liquid (monthly
checks, and and small time institution- assets average of M1 M2 M3 Debt
other checkable deposits only MMMF adjacent month-
deposits (OCDs) balances end levels)\1\
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1986:Dec...................... 724.4 2,734.6 3,486.4 4,122.4 7,913.9 16.9 9.5 9.0 12.6
1987:Dec...................... 749.8 2,834.4 3,673.3 4,328.5 8,671.0 3.5 3.6 5.4 9.6
1988:Dec...................... 786.9 2,997.9 3,912.4 4,664.2 9,446.4 4.9 5.8 6.5 8.9
1989:Dec...................... 794.2 3,164.0 4,065.5 4,894.2 10,173.5 .9 5.5 3.9 7.7
1990:Dec...................... 825.8 3,282.2 4,124.1 4,975.8 10,854.0 4.0 3.7 1.4 6.7
1991:Dec...................... 897.2 3,383.7 4,178.4 5,004.4 11,338.6 8.6 3.1 1.3 4.5
1992:Dec...................... 1,024.4 3,438.7 4,187.3 5,075.8 11,881.7 14.2 1.6 .2 4.8
1993:Dec...................... 1,128.6 3,494.1 4,249.6 5,164.5 12,516.4 10.2 1.6 1.5 5.3
1994:Dec...................... 1,148.7 3,509.4 4,319.7 5,303.7 13,153.2 1.8 .4 1.6 5.1
1995:Dec...................... 1,124.9 3,660.3 r4,573.7 r5,684.4 13,871.3 -2.1 4.3 5.9 5.5
1995:Mar...................... 1,148.7 3,519.1 4,369.8 5,396.2 13,344.1 -.3 .9 4.0 5.5
Apr..................... 1,151.2 3,529.2 4,391.8 5,429.0 13,421.6 .4 1.4 4.6 5.9
May..................... 1,146.2 3,543.5 4,420.0 r5,456.3 13,522.1 -.4 2.1 5.4 6.3
June.................... 1,144.5 3,574.0 4,458.4 r5,495.4 13,580.9 -.7 3.7 6.4 6.5
July.................... 1,145.4 3,592.8 4,486.3 r5,544.7 13,616.3 -.7 4.5 6.6 6.3
Aug..................... 1,143.8 3,612.7 4,513.8 5,580.6 13,669.2 -.7 5.6 7.4 5.8
Sept.................... 1,140.2 3,625.8 4,534.2 5,626.8 13,709.4 -1.5 6.1 7.5 5.5
Oct..................... 1,131.8 3,632.8 4,549.1 r5,653.4 13,758.7 -3.4 5.9 7.2 5.0
Nov..................... 1,129.0 3,643.6 r4,559.8 r5,659.3 13,829.7 -3.0 5.6 6.3 4.5
Dec..................... 1,124.9 3,660.3 r4,573.7 r5,684.4 13,871.3 -3.4 4.8 5.2 4.3
1996:Jan...................... r1,119.2 3,675.0 4,602.3 5,704.0 r13,903.2 -4.6 4.6 5.2 4.2
Febr.................... 1,117.3 3,690.3 4,640.0 5,724.4 13,966.8 -4.6 4.3 5.6 4.4
Marr.................... 1,126.6 3,724.4 4,680.8 p5,782.4 p14,04-2.4 5.4 6.5 4.9
Apr..................... 1,123.7 3,728.0 4,685.9 ............ .............. -1.4 5.2 6.0 .......
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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.