[Economic Indicators May, 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 April, the rate of growth in M2 was about unchanged, while growth in 
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    -----------------------------------
                                             Sum of currency,    M1 plus retail      M2 plus large       domestic
                                             demand deposits,    MMMF balances,      time deposits,    nonfinancial
                   Period                       travelers'      savings deposits       RPs, Euro-         sectors
                                                checks, and    (including MMDAs),     dollars, and       (monthly        M1       M2       M3      Debt
                                              other checkable    and small time     institution- al     average of
                                              deposits (OCDs)       deposits         MMMF  balances   adjacent month-
                                                                                                      end levels)\1\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1990:Dec...................................             824.4             3,280.9           4,155.8        10,825.0       4.0      3.8      1.6      6.5
1991:Dec...................................             896.3             3,381.0           4,208.2        11,300.0       8.7      3.1      1.3      4.4
1992:Dec...................................           1,024.3             3,435.7           4,219.2        11,824.0      14.3      1.6       .3      4.6
1993:Dec...................................           1,129.7             3,490.8           4,280.0        12,409.1      10.3      1.6      1.4      4.9
1994:Dec...................................           1,150.1             3,505.4           4,354.1        12,997.9       1.8       .4      1.7      4.7
1995:Dec...................................           1,126.8             3,650.1           4,617.4        13,705.9      -2.0      4.1      6.0      5.4
1996:Dec...................................           1,081.1             3,822.9           4,952.4        14,446.5      -4.1      4.7      7.3      5.4
1997:Dec...................................           1,073.9             4,040.8           5,402.2      r 15,207.5       -.7      5.7      9.1      5.3
1998:Dec...................................           1,097.4             4,397.0           5,996.9      r 16,229.8       2.2      8.8     11.0      6.7
1999:Dec...................................           1,123.8             4,652.2           6,469.3      r 17,314.2       2.4      5.8      7.9      6.7
 
1999:Mar...................................           1,101.4             4,463.4           6,087.8      r 16,522.9       4.3      8.3      9.0      6.9
      Apr..................................           1,107.2             4,490.4           6,123.7      r 16,626.3       4.1      7.5      8.0      7.1
      May..................................           1,101.8             4,513.1           6,156.3      r 16,699.3       1.5      6.8      7.1      6.8
      June.................................           1,100.2             4,531.0           6,187.3      r 16,777.3        .5      6.1      6.3      6.7
      July.................................           1,099.6             4,552.7           6,210.8      r 16,858.5        .7      5.9      6.0    r 6.7
      Aug..................................           1,098.7             4,569.9           6,228.4      r 16,956.1        .8      5.5      4.9      6.7
      Sept.................................           1,096.0             4,589.1           6,254.6        17,059.3      -1.0      5.6      5.5      6.5
      Oct..................................           1,101.1             4,605.3           6,302.9      r 17,147.6      -1.1      5.1      5.9      6.3
      Nov..................................           1,109.4             4,624.2           6,379.3      r 17,215.0       1.4      4.9      7.2      6.2
      Dec..................................           1,123.8             4,652.2           6,469.3      r 17,314.2       4.3      5.3      9.1      6.4
 
2000:Jan r.................................           1,121.1             4,675.7           6,513.4        17,404.6       3.9      5.4      9.7      6.5
      Feb r................................           1,105.7             4,684.9           6,527.9        17,476.4       1.3      5.0      9.6      6.1
      Mar r................................           1,111.6             4,719.9           6,596.2                p 17,582.8      5.7     10.9      6.1
      Apr..................................           1,115.5             4,759.3           6,634.2   ..............      2.6      6.7     10.5  .......
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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.