[Economic Indicators April, 2002]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                   MONEY, CREDIT, AND SECURITY MARKETS

MONEY STOCK AND DEBT MEASURES

In March, M2 fell slightly; M3 was about unchanged.
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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\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1992:Dec ..................................           1,024.0             3,431.0           4,215.6        11,823.7      14.3      1.6      0.3      4.6
1993:Dec ..................................           1,129.1             3,483.6           4,277.6        12,407.6      10.3      1.5      1.5      4.9
1994:Dec ..................................           1,149.7             3,496.8           4,360.1        12,988.5       1.8       .4      1.9      4.7
1995:Dec ..................................           1,126.5             3,640.1           4,625.7        13,694.9      -2.0      4.1      6.1      5.4
1996:Dec ..................................           1,079.1             3,813.3           4,971.9        14,433.5      -4.2      4.8      7.5      5.4
1997:Dec ..................................           1,072.2             4,030.9           5,451.8        15,227.3       -.6      5.7      9.7      5.5
1998:Dec ..................................           1,096.5             4,386.3           6,042.1        16,277.3       2.3      8.8     10.8      6.9
1999:Dec ..................................           1,124.4             4,655.0           6,541.7        17,360.8       2.5      6.1      8.3      6.7
2000:Dec ..................................           1,088.9             4,942.3           7,116.0      r 18,278.3      -3.2      6.2      8.8      5.3
2001:Dec r.................................           1,178.1             5,463.2           8,029.8        19,375.5       8.2     10.5     12.8      6.0
 
2001:Feb ..................................           1,098.9             5,025.7           7,279.6      r 18,402.0       -.6      7.8     10.2      4.6
      Mar .................................           1,107.4             5,073.9           7,331.8      r 18,496.8       1.5      8.4      9.9    r 4.8
      Apr .................................           1,109.7             5,115.8           7,434.3      r 18,575.6       1.9      9.4     12.1      5.1
      May .................................           1,116.6             5,141.4           7,525.4      r 18,674.9       4.6      9.8     14.0      5.3
      June ................................           1,125.6             5,187.8           7,612.3      r 18,767.9       6.7      9.9     13.9      5.4
      July r...............................           1,138.6             5,229.2           7,656.0        18,825.1       7.8      9.7     12.3      5.4
      Aug r................................           1,147.2             5,270.0           7,669.9        18,931.9       8.8      9.7     10.7      5.8
      Sept r...............................           1,204.6             5,388.1           7,825.4        19,060.2      17.6     12.4     13.5      6.1
      Oct r................................           1,161.5             5,377.6           7,872.4        19,157.9       9.3     10.2     11.8      6.3
      Nov r................................           1,163.6             5,421.3           7,960.8        19,274.8       8.4     10.9     11.6      6.4
      Dec r................................           1,178.1             5,463.2           8,029.8        19,375.2       9.3     10.6     11.0      6.5
 
2002:Jan r.................................           1,181.5             5,474.0           8,023.3        19,410.0       7.5      9.4      9.6      6.2
      Feb r................................           1,183.1             5,504.5           8,066.5        19,493.1       6.3      8.9     10.3      5.9
      Mar..................................           1,185.6             5,498.7           8,067.4   ..............     -3.2      4.1      6.2  .......
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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. Monthly 
series no longer published 
(discontinued May 2, 2002).
    \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.

    Data on debt of domestic 
nonfinancial sectors are as 
published April 25, 2002. 
Publication of monthly debt measures 
has been discontinued by the Federal 
Reserve. However, quarterly debt 
series will continue to be published 
in the Z.1 release, Flow of Funds 
Accounts.

    Source: Board of Governors of 
the Federal Reserve System.