[Economic Indicators October, 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 September, M2 and M3 accelerated.
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                                   [Averages of daily figures, except debt; 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\
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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      r 12,988.5       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        14,432.9      -4.1      4.7      7.5      5.4
1997:Dec ..................................           1,073.4             4,031.9           5,430.8        15,226.1       -.7      5.7      9.2      5.5
1998:Dec ..................................           1,097.0             4,385.9           6,027.8        16,261.3       2.2      8.8     11.0      6.8
1999:Dec ..................................           1,124.8             4,653.3           6,527.9        17,335.2       2.5      6.1      8.3      6.6
2000:Dec ..................................           1,088.2             4,945.1         r 7,108.5      r 18,249.8      -3.3      6.3      8.9      5.3
 
2000:Aug ..................................           1,099.4             4,838.0           6,917.7      r 17,963.7      -1.8      6.3      9.5      5.7
      Sept ................................           1,096.0             4,870.0           6,971.4      r 18,041.7      -3.2      6.3      8.9      5.3
      Oct .................................           1,096.1             4,891.4           6,995.7      r 18,090.5      -3.9      5.5      8.0      4.7
      Nov .................................           1,087.2             4,906.8         r 7,023.8      r 18,166.4      -3.5      5.9      7.9      4.7
      Dec .................................           1,088.2             4,945.1         r 7,108.5      r 18,249.8      -3.1      6.6      8.8      4.7
 
2001:Jan ..................................           1,099.5             4,995.2         r 7,210.2      r 18,299.8       -.7      7.8     10.3      4.5
      Feb .................................           1,100.2             5,040.3         r 7,281.8      r 18,379.8        .1      8.4     10.5    r 4.6
      Mar .................................           1,112.8             5,100.7         r 7,352.0      r 18,473.8       3.1      9.5     10.9      4.8
      Apr .................................           1,117.6             5,146.3         r 7,468.8      r 18,553.6       3.9     10.4     13.5      5.1
      May .................................           1,116.9             5,170.7         r 7,556.0      r 18,656.9       5.5     10.8     15.2    r 5.4
      June r...............................           1,122.7             5,214.3           7,637.6        18,751.7       6.3     10.9     14.9      5.5
      July r...............................           1,135.4             5,253.5           7,679.4        18,803.2       6.5     10.3     13.0      5.5
      Aug r................................           1,143.2             5,287.1           7,677.2                p 18,887.8      9.8     10.9      5.5
      Sept.................................           1,194.6             5,398.1           7,821.6   ..............     14.7     11.7     12.8  .......
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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.