[Economic Indicators March, 2000]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                   MONEY, CREDIT, AND SECURITY MARKETS

MONEY STOCK AND DEBT MEASURES

In February, growth in M2 and M3 slowed.
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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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1990:Dec ..................................             824.4             3,280.9           4,155.8      r 10,825.0       4.0      3.8      1.6      6.5
1991:Dec ..................................             896.3             3,381.0           4,208.2      r 11,300.0       8.7      3.1      1.3      4.4
1992:Dec ..................................           1,024.3             3,435.7           4,219.2      r 11,824.0      14.3      1.6       .3      4.6
1993:Dec ..................................           1,129.7             3,490.8           4,280.0      r 12,409.1      10.3      1.6      1.4    r 4.9
1994:Dec ..................................           1,150.1             3,505.4           4,354.1      r 12,997.9       1.8       .4      1.7    r 4.7
1995:Dec ..................................           1,126.8             3,650.1           4,617.4      r 13,705.9      -2.0      4.1      6.0    r 5.4
1996:Dec ..................................           1,081.1             3,822.9           4,952.4      r 14,446.5      -4.1      4.7      7.3      5.4
1997:Dec  .................................           1,073.9             4,040.8           5,402.2      r 15,209.2       -.7      5.7      9.1      5.3
1998:Dec ..................................           1,097.4             4,397.0           5,996.9      r 16,230.9       2.2      8.8     11.0      6.7
1999:Dec r.................................           1,123.8             4,652.2           6,469.3        17,314.9       2.4      5.8      7.9      6.7
 
1999:Jan ..................................           1,096.0             4,422.4         r 6,028.7      r 16,316.4       3.5      9.6     11.4    r 6.3
      Feb .................................           1,094.3             4,447.7           6,078.0      r 16,407.0       4.0      9.6     11.0      6.4
      Mar .................................           1,101.4           r 4,463.4           6,087.8      r 16,523.7       4.3      8.3      9.0      6.9
      Apr .................................           1,107.2             4,490.4         r 6,123.7      r 16,627.2       4.1      7.5      8.0      7.1
      May .................................           1,101.8             4,513.1         r 6,156.3      r 16,700.2       1.5      6.8      7.1      6.8
      June ................................           1,100.2             4,531.0         r 6,187.3      r 16,777.9        .5      6.1      6.3      6.7
      July r...............................           1,099.6             4,552.7           6,210.8        16,858.8        .7      5.9      6.0      6.6
      Aug r................................           1,098.7             4,569.9           6,228.4        16,955.7        .8      5.5      4.9      6.7
      Sept r...............................           1,096.0             4,589.1           6,254.6        17,059.1      -1.0      5.6      5.5      6.5
      Oct r................................           1,101.1             4,605.3           6,302.9        17,149.8      -1.1      5.1      5.9      6.3
      Nov r................................           1,109.4             4,624.2           6,379.3        17,217.5       1.4      4.9      7.2      6.2
      Dec r................................           1,123.8             4,652.2           6,469.3        17,314.9       4.3      5.3      9.1      6.4
 
2000:Jan r.................................           1,120.9             4,675.3           6,512.6                p 17,403.9      5.4      9.7      6.4
      Feb .................................           1,105.0             4,683.6           6,526.9   ..............      1.1      5.0      9.6  .......
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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.