[Economic Indicators February, 1997]
[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 in M3 slowed in January. (Series revised.)
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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' savings deposits dollars, and other liquid (monthly
checks, and (including MMDAs), institution- assets average of M1 M2 M3 Debt
other checkable and small time only MMMF adjacent month-
deposits (OCDs) deposits balances end levels)
\1\
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1987:Dec r.................... 749.7 2,832.7 3,672.5 4,341.5 8,664.1 3.5 3.6 5.3 9.6
1988:Dec r.................... 787.0 2,996.3 3,912.9 4,666.2 9,441.6 5.0 5.8 6.5 9.0
1989:Dec r.................... 794.2 3,160.9 4,065.9 4,894.6 10,171.6 .9 5.5 3.9 7.7
1990:Dec r.................... 825.8 3,279.5 4,125.9 4,977.5 10,852.6 4.0 3.8 1.5 6.7
1991:Dec r.................... 897.3 3,379.6 4,180.4 5,006.4 11,337.1 8.7 3.1 1.3 4.5
1992:Dec r.................... 1,025.0 3,434.0 4,190.4 5,078.9 11,880.7 14.2 1.6 .2 4.8
1993:Dec r.................... 1,129.8 3,486.6 4,254.4 5,169.3 12,506.5 10.2 1.5 1.5 5.3
1994:Dec r.................... 1,150.7 3,502.1 4,328.7 5,312.4 13,148.4 1.8 .4 1.7 5.1
1995:Dec r.................... 1,129.0 3,655.0 4,594.8 5,704.2 13,866.9 -1.9 4.4 6.1 5.5
1996:Dec r.................... 1,080.9 3,833.0 4,935.2 p 6,071.9 p 14,6-4.3 4.9 7.4 5.4
1996:Jan r.................... 1,122.2 3,669.9 4,622.3 5,722.3 13,916.6 -4.0 4.8 5.7 4.4
Feb r................... 1,119.8 3,685.0 4,655.2 5,737.8 13,987.3 -4.2 4.5 5.7 4.9
Mar r................... 1,126.2 3,713.9 4,692.1 5,791.8 14,063.2 -2.7 5.2 6.2 5.2
Apr r................... 1,123.5 3,724.5 4,708.7 5,827.1 14,129.5 -2.1 5.2 6.2 5.3
May r................... 1,117.1 3,725.6 4,731.2 5,833.9 14,186.6 -2.8 4.7 6.6 5.3
June r.................. 1,115.5 3,741.9 4,753.5 5,865.6 14,246.1 -2.4 4.8 6.9 5.5
July r.................. 1,108.8 3,750.0 4,771.5 5,888.6 14,317.5 -2.4 4.4 6.5 5.8
Aug r................... 1,099.8 3,762.8 4,791.4 5,921.4 14,378.3 -3.6 4.2 5.9 5.6
Sept r.................. 1,093.2 3,775.4 4,822.5 5,964.8 14,426.4 -5.9 3.3 5.6 5.2
Oct r................... 1,080.1 3,787.8 4,859.8 5,987.4 14,484.9 -7.7 3.4 6.4 5.0
Nov r................... 1,079.9 3,809.3 4,890.1 6,030.9 14,553.1 -6.7 4.5 6.7 5.2
Dec r................... 1,080.9 3,833.0 4,935.2 p 6,071.9 p 14,6-6.2 4.9 7.6 5.1
1997:Jan...................... 1,079.6 3,849.7 4,965.6 ............ .............. -5.3 5.3 8.1 .......
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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.
Series revised to reflect annual
benchmarking and seasonal adjustment
revisions.
Source: Board of Governors of
the Federal Reserve System.