[Economic Indicators November, 1999]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]
MONEY, CREDIT, AND SECURITY MARKETS
MONEY STOCK AND DEBT MEASURES
In October, the rate of growth of M2 was unchanged, while M3 growth
accelerated.
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[Averages of daily figures, except as noted; billions of dollars, seasonally adjusted]
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M1 M2 M3 Debt Percent change from year or 6
------------------------------------------------------------------------- months earlier \2\
Debt of ------------------------------------
domestic
Sum of currency, M1 plus retail M2 plus large nonfinancial
Period demand deposits, MMMF balances, time deposits, sectors
travelers' savings deposits RPs, Euro- (monthly
checks, and (including MMDAs), dollars, and average of M1 M2 M3 Debt
other checkable and small time institution- al adjacent month-
deposits (OCDs) deposits MMMF balances end levels)
\1\
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1989:Dec.......................... 792.6 3,159.9 4,091.0 10,156.6 0.8 5.5 4.0 7.3
1990:Dec.......................... 824.6 3,279.1 4,155.6 10,823.1 4.0 3.8 1.6 6.6
1991:Dec.......................... 896.7 3,379.8 4,208.6 11,296.0 8.7 3.1 1.3 4.4
1992:Dec.......................... 1,024.4 3,434.0 4,220.0 11,818.5 14.2 1.6 .3 4.6
1993:Dec.......................... 1,129.3 3,487.4 4,279.7 12,403.5 10.2 1.6 1.4 4.9
1994:Dec.......................... 1,149.7 3,502.0 r 4,353.8 12,999.6 1.8 .4 1.7 4.8
1995:Dec.......................... 1,126.7 3,649.1 r 4,618.4 13,716.1 -2.0 4.2 6.1 5.5
1996:Dec.......................... 1,081.3 3,823.9 r 4,955.5 14,460.8 -4.0 4.8 7.3 5.4
1997:Dec ........................ 1,074.9 4,046.4 r 5,403.1 15,223.5 -.6 5.8 9.0 5.3
1998:Dec ......................... 1,093.4 4,401.0 r 5,995.3 r 16,243.3 1.7 8.8 11.0 6.7
1998:Sept ........................ 1,074.7 4,284.2 5,809.7 r 15,986.0 -1.1 7.7 9.7 6.4
Oct ........................ 1,080.4 4,325.5 r 5,871.7 r 16,070.5 -.3 8.2 10.2 r 6.4
Nov ........................ 1,089.0 4,364.0 r 5,936.5 r 16,163.5 2.0 9.1 11.0 6.5
Dec ........................ 1,093.4 4,401.0 r 5,995.3 r 16,243.3 2.9 9.7 11.5 6.4
1999:Jan ......................... 1,091.0 4,425.0 6,017.0 r 16,327.9 2.9 10.0 11.5 6.3
Feb ........................ 1,092.6 4,445.6 r 6,064.7 r 16,415.7 3.8 9.7 11.1 r 6.4
Mar r....................... 1,102.0 4,455.5 6,059.3 16,528.1 5.1 8.0 8.6 6.8
Apr r....................... 1,108.4 4,488.5 6,104.1 16,629.6 5.2 7.5 7.9 7.0
May r....................... 1,104.8 4,506.5 6,133.1 16,702.0 2.9 6.5 6.6 6.7
June r...................... 1,101.1 4,523.3 6,166.0 16,777.2 1.4 5.6 5.7 6.6
Julyr....................... 1,099.5 4,544.7 6,192.0 16,851.1 1.6 5.4 5.8 6.4
Augr........................ 1,102.5 4,566.8 6,216.1 16,937.6 1.8 5.5 5.0 6.4
Septr....................... 1,093.6 4,586.1 6,247.7 p 17,0-1.5 5.9 6.2 6.1
Oct......................... 1,098.6 4,605.9 6,298.8 .............. -1.8 5.2 6.4 .......
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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 derived
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.