[Economic Indicators October, 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 September, the rate of growth of M2 increased while growth of 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             3,280.4           4,155.8        10,824.7       4.0      3.8      1.6      6.5
1991:Dec...................................             896.3             3,380.4           4,208.2        11,299.5       8.7      3.0      1.3      4.4
1992:Dec...................................           1,024.3             3,435.2           4,219.2        11,823.7      14.3      1.6       .3      4.6
1993:Dec...................................           1,129.7             3,490.3           4,280.0        12,407.6      10.3      1.6      1.4      4.9
1994:Dec...................................           1,150.1             3,504.4           4,354.1        12,988.4       1.8       .4      1.7      4.7
1995:Dec...................................           1,126.8             3,648.9           4,617.4        13,694.9      -2.0      4.1      6.0      5.4
1996:Dec...................................           1,081.1             3,821.6           4,952.4        14,430.8      -4.1      4.7      7.3      5.4
1997:Dec ..................................           1,073.9             4,040.2           5,403.2        15,223.1       -.7      5.7      9.1      5.5
1998:Dec ..................................           1,097.4             4,395.0           5,996.7        16,276.4       2.2      8.8     11.0      6.9
1999:Dec ..................................           1,122.9           r 4,659.8         r 6,491.0        17,377.2       2.3    r 6.0      8.2      6.8
 
1999:Aug r.................................           1,098.7             4,571.4           6,232.7        17,013.9        .8      5.6      5.1      7.0
      Sept r...............................           1,096.1             4,591.2           6,260.9        17,121.1      -1.0      5.8      5.7      6.8
      Oct r................................           1,101.3             4,608.8           6,313.9        17,204.8      -1.1      5.3      6.2      6.3
      Nov r................................           1,109.5             4,630.3           6,394.8        17,273.4       1.4      5.2      7.7      6.1
      Dec r................................           1,122.9             4,659.8           6,491.0        17,377.2       4.1      5.7      9.8      6.3
 
2000:Jan r.................................           1,118.9             4,684.9           6,538.9        17,451.8       3.5      5.8     10.5      6.3
      Feb r................................           1,104.5             4,697.9           6,561.9        17,508.3       1.1      5.5     10.6      5.8
      Mar r................................           1,110.4             4,735.9           6,640.3        17,620.5       2.6      6.3     12.1      5.8
      Apr r................................           1,115.1             4,778.1           6,692.1        17,719.4       2.5      7.3     12.0      6.0
      May r................................           1,105.0             4,776.3           6,714.1        17,794.8       -.8      6.3     10.0      6.0
      June r...............................           1,103.4             4,791.4           6,757.3        17,877.2      -3.5      5.6      8.2      5.8
      July r...............................           1,104.4             4,806.1           6,806.8        17,952.5      -2.6      5.2      8.2      5.7
      Aug r................................           1,101.2             4,836.2           6,863.3                p 18,03-.6      5.9      9.2      6.0
      Sept.................................           1,095.3             4,871.4           6,910.7   ..............     -2.7      5.7      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 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.