[Economic Indicators January, 2003]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]
MONEY, CREDIT, AND SECURITY MARKETS
MONEY STOCK AND DEBT MEASURES
In December, M2 and M3 rose. (Series revised.)
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[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
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M1 M2 M3 Debt Percent change
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Sum of currency, M1 plus retail M2 plus large From year or 6 months From
demand deposits, MMMF balances, time deposits, Debt of earlier\2\ previous
Period travelers' savings deposits RPs, Euro- domestic --------------------------- period\3\
checks, and (including MMDAs), dollars, and nonfinancial ----------
other checkable and small time institution- al sectors\1\ M1 M2 M3
deposits (OCDs) deposits MMMF balances Debt
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1993:Dec r............................... 1,129.3 3,483.2 4,277.4 12,434.1 10.3 1.5 1.5 4.9
1994:Dec r............................... 1,149.9 3,496.2 4,359.8 13,001.5 1.8 .4 1.9 4.5
1995:Dec r............................... 1,126.7 3,640.1 4,624.9 13,706.9 -2.0 4.1 6.1 5.4
1996:Dec r............................... 1,078.4 3,814.3 4,970.5 14,440.2 -4.3 4.8 7.5 5.3
1997:Dec r............................... 1,071.4 4,029.8 5,444.3 15,243.1 -.6 5.6 9.5 5.6
1998:Dec r............................... 1,095.0 4,381.5 6,032.3 16,285.5 2.2 8.7 10.8 6.8
1999:Dec r............................... 1,121.9 4,648.0 6,528.6 17,377.6 2.5 6.1 8.2 6.5
2000:Dec r............................... 1,084.9 4,926.9 7,090.5 18,250.6 -3.3 6.0 8.6 4.9
2001:Dec r............................... 1,173.4 5,440.6 7,993.5 19,369.2 8.2 10.4 12.7 6.1
2002:Dec ................................ 1,211.6 5,791.7 8,502.1 .............. 3.3 6.5 6.4 .........
2002:Jan r............................... 1,179.7 5,464.4 8,004.7 .............. 7.3 9.0 9.0 .........
Feb r.............................. 1,186.1 5,502.7 8,056.0 .............. 6.3 9.1 10.1 .........
Mar r.............................. 1,188.1 5,503.5 8,068.4 19,601.0 -2.3 4.9 6.2 4.8
Apr r.............................. 1,173.7 5,491.5 8,071.2 .............. 1.6 5.0 5.4 .........
May r.............................. 1,184.4 5,557.3 8,135.1 .............. 3.2 5.9 5.1 .........
June r............................. 1,190.2 5,589.1 8,171.4 20,004.5 2.9 5.5 4.5 8.2
July r............................. 1,197.4 5,638.0 8,221.0 .............. 3.0 6.4 5.4 .........
Aug r.............................. 1,186.3 5,677.1 8,291.0 .............. .0 6.3 5.8 .........
Sept r............................. 1,192.5 5,703.5 8,333.5 20,336.8 .7 7.3 6.6 6.6
Oct r.............................. 1,203.9 5,741.7 8,338.1 .............. 5.1 9.1 6.6 .........
Nov r.............................. 1,203.4 5,778.6 8,454.5 .............. 3.2 8.0 7.9 .........
Dec ............................... 1,211.6 5,791.7 8,502.1 .............. 3.6 7.2 8.1 .........
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\1\ Quarterly data; shown in
last month of quarter. End-of-year
data are for fourth quarter.
Consists of outstanding credit
market debt of the U.S. Government,
State and local governments, and
private nonfinancial sectors; data
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.
\3\ Annual changes are from
fourth quarter to fourth quarter.
Quarterly changes are from previous
quarter at an annual rate.
Note.--See p. 27 for components.
Money stock series reflect
annual seasonal adjustment revisions
released on January 30, 2003.
Source: Board of Governors of
the Federal Reserve System.