[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b65._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]
MONEY STOCK, CREDIT, AND FINANCE


Table B-65.--Money stock, liquid assets, and debt measures, 1959-95
[Averages of daily figures, except debt; billions of dollars, seasonally adjusted]
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M1           M2            M3             L          Debt\1\     Percent change from year or 6
---------------------------------------------------------------------        months earlier\2\
M1 plus                                             -------------------------------
overnight
Sum of       RPs and       M2 plus
currency,   Eurodollars,   large time                    Debt of
demand         MMMF       deposits,                   domestic
deposits,     balances      term RPs,                 nonfinancial
Year  and  month                    travelers     (general        term         M3 plus       sectors
checks, and   purpose and  Eurodollars,  other liquid    (monthly      M1      M2      M3     Debt
other       broker/         and         assets      average of
checkable     dealer),    institution-                  adjacent
deposits    MMDAs, and     only MMMF                   month-end
(OCDs)     savings and    balances                     levels)
small time
deposits
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December:
1959.............................................        140.0         297.8         299.8        388.6         687.6   ......  ......  ......     7.6

1960.............................................        140.7         312.3         315.3        403.6         723.0      0.5     4.9     5.2     5.1
1961.............................................        145.2         335.5         341.0        430.8         765.7      3.2     7.4     8.2     5.9
1962.............................................        147.8         362.7         371.4        466.1         818.4      1.8     8.1     8.9     6.9
1963.............................................        153.3         393.2         406.0        503.8         873.4      3.7     8.4     9.3     6.7
1964.............................................        160.3         424.8         442.5        540.4         936.9      4.6     8.0     9.0     7.3
1965.............................................        167.9         459.3         482.2        584.4       1,003.7      4.7     8.1     9.0     7.1
1966.............................................        172.0         480.0         505.1        614.7       1,070.9      2.4     4.5     4.7     6.7
1967.............................................        183.3         524.3         557.1        666.5       1,145.2      6.6     9.2    10.3     6.9
1968.............................................        197.4         566.3         606.2        728.9       1,236.8      7.7     8.0     8.8     8.0
1969.............................................        203.9         589.5         615.0        763.5       1,326.7      3.3     4.1     1.5     7.3

1970.............................................        214.4         628.1         677.4        816.2       1,416.2      5.1     6.5    10.1     6.7
1971.............................................        228.3         712.7         776.1        902.9       1,549.8      6.5    13.5    14.6     9.4
1972.............................................        249.2         805.2         886.0      1,022.9       1,705.4      9.2    13.0    14.2    10.0
1973.............................................        262.8         861.0         984.9      1,142.4       1,890.7      5.5     6.9    11.2    10.9
1974.............................................        274.3         908.5       1,070.3      1,250.2       2,063.8      4.4     5.5     8.7     9.2
1975.............................................        287.4       1,023.2       1,172.2      1,366.9       2,251.8      4.8    12.6     9.5     9.1
1976.............................................        306.3       1,163.7       1,311.7      1,516.6       2,497.0      6.6    13.7    11.9    10.9
1977.............................................        331.1       1,286.5       1,472.5      1,705.3       2,816.6      8.1    10.6    12.3    12.8
1978.............................................        358.1       1,388.6       1,646.3      1,910.6       3,208.7      8.2     7.9    11.8    13.9
1979.............................................        382.4       1,496.9       1,803.7      2,116.9       3,596.2      6.8     7.8     9.6    12.1

1980.............................................        408.5       1,629.3       1,988.5      2,325.6       3,943.2      6.8     8.8    10.2     9.6
1981.............................................        436.3       1,793.3       2,236.6      2,599.0       4,343.6      6.8    10.1    12.5    10.2
1982.............................................        474.3       1,953.2       2,440.6      2,849.7       4,760.0      8.7     8.9     9.1     9.6
1983.............................................        521.0       2,187.7       2,684.8      3,147.6       5,327.6      9.8    12.0    10.0    11.9
1984.............................................        552.1       2,378.4       2,981.5      3,524.3       6,114.9      6.0     8.7    11.1    14.8
1985.............................................        619.8       2,576.0       3,200.2      3,827.9       7,036.3     12.3     8.3     7.3    15.1
1986.............................................        724.4       2,820.3       3,488.7      4,125.1       7,924.6     16.9     9.5     9.0    12.6
1987.............................................        749.8       2,922.3       3,675.8      4,331.1       8,671.2      3.5     3.6     5.4     9.4
1988.............................................        786.9       3,083.5       3,915.6      4,667.1       9,446.4      4.9     5.5     6.5     8.9
1989.............................................        794.2       3,243.0       4,066.0      4,893.9      10,173.5       .9     5.2     3.8     7.7

1990.............................................        825.8       3,356.0       4,123.2      4,973.6      10,854.0      4.0     3.5     1.4     6.7
1991.............................................        897.3       3,457.9       4,176.0      5,000.5      11,338.6      8.7     3.0     1.3     4.5
1992.............................................      1,024.4       3,515.3       4,182.9      5,069.2      11,881.7     14.2     1.7      .2     4.8
1993.............................................      1,128.6       3,583.6       4,242.3      5,154.4      12,516.4     10.2     1.9     1.4     5.3
1994.............................................      1,148.0       3,617.0       4,303.9      5,283.9      13,153.2      1.7      .9     1.5     5.1
1995.............................................      1,123.0       3,780.7       4,563.5  ............  ............    -2.2     4.5     6.0  ......

1994: Jan..........................................      1,132.5       3,589.1       4,245.7      5,166.3      12,555.6      8.7     2.6     2.1     5.0
Feb..........................................      1,137.0       3,586.2       4,231.7      5,169.9      12,605.3      7.7     2.1     1.2     4.9
Mar..........................................      1,141.1       3,597.5       4,240.3      5,181.4      12,674.7      6.6     2.2     1.2     5.1
Apr..........................................      1,142.8       3,605.2       4,250.2      5,190.5      12,737.0      5.3     2.3     1.3     5.5
May..........................................      1,143.5       3,607.8       4,250.3      5,205.9      12,801.3      3.8     1.7      .8     5.6
June.........................................      1,147.0       3,604.3       4,255.1      5,202.2      12,843.7      3.3     1.2      .6     5.2

July.........................................      1,152.2       3,616.8       4,274.2      5,228.9      12,864.3      3.5     1.5     1.3     4.9
Aug..........................................      1,150.8       3,615.0       4,273.7      5,238.8      12,926.3      2.4     1.6     2.0     5.1
Sept.........................................      1,151.0       3,614.2       4,279.9      5,237.8      12,986.6      1.7      .9     1.9     4.9
Oct..........................................      1,148.2       3,610.2       4,286.3      5,251.2      13,036.8       .9      .3     1.7     4.7
Nov..........................................      1,147.6       3,611.9       4,291.9      5,262.4      13,111.3       .7      .2     2.0     4.8
Dec..........................................      1,148.0       3,617.0       4,303.9      5,283.9      13,153.2       .2      .7     2.3     4.8

1995: Jan..........................................      1,149.0       3,628.9       4,326.9      5,309.6      13,201.9      -.6      .7     2.5     5.2
Feb..........................................      1,147.3       3,624.6       4,336.7      5,349.6      13,279.8      -.6      .5     2.9     5.5
Mar..........................................      1,147.9       3,632.2       4,359.9      5,392.5      13,342.3      -.5     1.0     3.7     5.5
Apr..........................................      1,149.7       3,645.4       4,382.0      5,421.1      13,419.3       .3     2.0     4.5     5.9
May..........................................      1,143.0       3,661.9       4,409.7      5,451.8      13,519.6      -.8     2.8     5.5     6.2
June.........................................      1,143.9       3,698.1       4,455.2      5,491.8      13,578.3      -.7     4.5     7.0     6.5

July.........................................      1,145.0       3,717.3       4,486.3      5,546.8      13,613.6      -.7     4.9     7.4     6.2
Aug..........................................      1,143.4       3,743.1       4,516.9      5,584.2      13,665.5      -.7     6.5     8.3     5.8
Sept.........................................      1,139.8       3,756.8       4,534.0      5,624.6      13,704.1     -1.4     6.9     8.0     5.4
Oct..........................................      1,129.9       3,753.8       4,546.6      5,645.6      13,744.3     -3.4     5.9     7.5     4.8
Nov..........................................      1,126.5       3,761.7       4,550.0      5,648.4      13.804.2     -2.9     5.5     6.4     4.2
Dec..........................................      1,123.0       3,780.7       4,563.5  ............  ............    -3.7     4.5     4.9  ......
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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; monthly changes are from 6 months earlier at a simple annual rate.

Note.--See Table B-66 for components.
Data do not reflect revisions released on February 8, 1996.

Source: Board of Governors of the Federal Reserve System.