[Economic Indicators July, 2001]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                   MONEY, CREDIT, AND SECURITY MARKETS

MONEY STOCK AND DEBT MEASURES

In June, M2 and M3 rose.
   _____________________________________________________________________


  ______________________________________________________________________

                                   [Averages of daily figures, except debt; billions of dollars, seasonally adjusted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                    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\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991:Dec...................................             895.9             3,376.6           4,204.2        11,299.5       8.7      3.0      1.3      4.4
1992:Dec...................................           1,024.0             3,430.7           4,215.0        11,823.7      14.3      1.6       .3      4.6
1993:Dec...................................           1,129.2             3,484.3           4,277.4        12,407.6      10.3      1.6      1.5      4.9
1994:Dec...................................           1,149.8             3,498.8           4,359.8        12,988.4       1.8       .4      1.9      4.7
1995:Dec ..................................           1,126.2             3,641.9           4,625.1        13,694.9      -2.1      4.1      6.1      5.4
1996:Dec ..................................           1,080.5             3,814.8           4,971.3        14,430.8      -4.1      4.7      7.5      5.4
1997:Dec ..................................           1,073.4             4,031.9           5,430.8        15,223.2       -.7      5.7      9.2      5.5
1998:Dec ..................................           1,097.0             4,385.9           6,030.8        16,246.1       2.2      8.8     11.0      6.7
1999:Dec ..................................           1,124.8             4,653.3           6,530.6        17,315.1       2.5      6.1      8.3      6.6
2000:Dec ..................................           1,088.2           r 4,945.1           7,101.3      r 18,222.0      -3.3      6.3      8.7      5.2
 
2000:May ..................................           1,106.7             4,766.6           6,760.5        17,724.9       -.1      6.1      9.8      5.9
      June ................................           1,105.3             4,787.8           6,810.8        17,805.3      -3.5      5.8      8.6      5.7
      July ................................           1,103.3             4,807.9           6,859.0      r 17,868.8      -3.6      5.7      8.7      5.5
      Aug .................................           1,099.4           r 4,838.0           6,917.4      r 17,926.9      -1.8      6.3      9.4      5.5
      Sept ................................           1,096.0           r 4,870.0           6,969.5      r 18,001.1      -3.2      6.3      8.8      5.1
      Oct .................................           1,096.1           r 4,891.4           6,991.8      r 18,051.2      -3.9      5.5      7.8      4.6
      Nov .................................           1,087.2           r 4,906.8           7,018.3      r 18,132.6      -3.5      5.9      7.6      4.6
      Dec .................................           1,088.2           r 4,945.1           7,101.3      r 18,222.0      -3.1      6.6      8.5      4.7
 
2001:Jan ..................................           1,099.6           r 4,995.2           7,194.6      r 18,272.3       -.7      7.8      9.8      4.5
      Feb .................................           1,100.4             5,040.6           7,253.7      r 18,347.8        .2      8.4      9.7      4.7
      Mar .................................           1,113.1             5,101.1           7,311.3        18,440.4       3.1      9.5      9.8      4.9
      Apr r................................           1,118.1             5,145.5           7,419.2        18,499.5       4.0     10.4     12.2      5.0
      May r................................           1,117.5             5,167.6           7,503.1                p 18,565.6     10.6     13.8      4.7
      June.................................           1,123.6             5,209.0           7,581.2   ..............      6.5     10.7     13.5  .......
--------------------------------------------------------------------------------------------------------------------------------------------------------

    \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.