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

[DOCID: f:erp_b66._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-66.--Components of money stock measures and liquid assets, 1959-95
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Overnight      Money market mutual     Savings
repurchase     fund (MMMF)  balances   deposits,
Other      agreements   ------------------------  including
Travelers    Demand   checkable    (RPs)  net,    General                   money
Year  and  month                       Currency    checks    deposits   deposits  plus overnight   purpose                  market
(OCDs)     Eurodollars      and     Institution    deposit
\1\   NSA     broker/     only \2\    accounts
dealer                  (MMDAs)
-------------------------------------------------------------------------------------------------------------------------\2\----------------------\3\---
December:
1959..................................................       28.8        0.3      110.8        0.0           0.0          0.0         0.0        146.5

1960..................................................       28.7         .3      111.6         .0            .0           .0          .0        159.1
1961..................................................       29.3         .4      115.5         .0            .0           .0          .0        175.5
1962..................................................       30.3         .4      117.1         .0            .0           .0          .0        194.7
1963..................................................       32.2         .4      120.6         .1            .0           .0          .0        214.4
1964..................................................       33.9         .5      125.8         .1            .0           .0          .0        235.3
1965..................................................       36.0         .5      131.3         .1            .0           .0          .0        256.9
1966..................................................       38.0         .6      133.4         .1            .0           .0          .0        253.2
1967..................................................       40.0         .6      142.5         .1            .0           .0          .0        263.7
1968..................................................       43.0         .7      153.6         .1            .0           .0          .0        268.9
1969..................................................       45.7         .8      157.3         .2           2.2           .0          .0        263.6

1970..................................................       48.6         .9      164.8         .1           1.3           .0          .0        260.9
1971..................................................       52.0        1.0      175.1         .2           2.3           .0          .0        292.2
1972..................................................       56.2        1.2      191.6         .2           2.8           .0          .0        321.4
1973..................................................       60.8        1.4      200.3         .3           5.3           .0          .0        326.7
1974..................................................       67.0        1.7      205.1         .4           5.7          1.7          .2        338.6
1975..................................................       72.8        2.1      211.6         .9           6.0          2.7          .4        388.9
1976..................................................       79.5        2.6      221.5        2.7          10.8          2.4          .6        453.3
1977..................................................       87.4        2.9      236.6        4.2          15.0          2.4          .9        492.4
1978..................................................       96.0        3.3      250.4        8.4          20.8          6.4         3.1        482.2
1979..................................................      104.8        3.5      257.3       16.8          22.4         33.4         9.5        424.1

1980..................................................      115.4        3.9      261.1       28.0          29.3         61.6        15.2        400.6
1981..................................................      122.6        4.1      231.1       78.4          37.6        150.6        38.0        344.2
1982..................................................      132.5        4.1      233.8      103.9          40.8        185.6        50.0        400.4
1983..................................................      146.2        4.7      238.2      131.9          57.3        139.2        41.4        685.1
1984..................................................      156.1        5.0      243.7      147.4          63.2        168.4        62.1        704.8
1985..................................................      167.9        5.6      266.6      179.8          76.3        178.0        64.1        815.4
1986..................................................      180.7        6.1      302.1      235.6          84.9        210.6        84.5        941.0
1987..................................................      196.8        6.6      286.8      259.5          87.3        224.5        91.1        937.7
1988..................................................      212.2        7.0      286.8      280.9          85.1        245.9        90.5        926.7
1989..................................................      222.6        6.9      279.3      285.4          81.5        322.4       107.2        891.0

1990..................................................      246.8        7.8      277.4      293.9          77.7        358.2       134.0        920.5
1991..................................................      267.4        7.7      289.5      332.7          79.9        374.2       180.0      1,041.2
1992..................................................      292.8        8.1      338.9      384.6          83.1        356.9       200.2      1,183.6
1993..................................................      322.1        7.9      383.9      414.7          96.5        360.1       198.1      1,215.7
1994..................................................      354.5        8.4      382.2      402.9         117.2        389.0       180.8      1,144.2
1995..................................................      372.5        8.9      389.1      352.5         119.0        476.9       216.6      1,131.3

1994: Jan...............................................      325.4        8.0      386.9      412.3          98.0        361.2       194.6      1,221.1
Feb...............................................      328.9        8.0      388.6      411.6          94.9        359.5       182.1      1,221.9
Mar...............................................      332.0        8.0      388.6      412.5         100.1        361.9       183.8      1,222.0
Apr...............................................      334.5        8.1      388.1      412.0          98.9        370.5       183.1      1,220.0
May...............................................      337.3        8.1      385.6      412.4         102.5        373.5       177.5      1,214.8
June..............................................      340.0        8.2      386.3      412.5         106.9        370.7       177.9      1,206.8

July..............................................      342.8        8.3      388.1      413.1         109.6        376.1       178.7      1,201.2
Aug...............................................      345.1        8.3      386.6      410.8         111.1        377.0       177.4      1,192.6
Sept..............................................      347.2        8.4      386.5      408.9         112.1        377.4       176.3      1,183.7
Oct...............................................      350.0        8.3      384.5      405.4         114.1        379.5       180.8      1,171.0
Nov...............................................      353.0        8.4      382.5      403.8         113.5        383.3       180.5      1,157.8
Dec...............................................      354.5        8.4      382.2      402.9         117.2        389.0       180.8      1,144.2

1995: Jan...............................................      357.7        8.4      383.6      399.3         123.9        392.1       186.3      1,129.8
Feb...............................................      358.8        8.4      384.1      395.9         118.4        391.5       180.4      1,111.9
Mar...............................................      362.5        8.8      383.3      393.3         118.3        390.9       189.0      1,094.9
Apr...............................................      365.7        9.2      381.2      393.6         115.9        396.0       192.9      1,082.4
May...............................................      368.1        9.2      380.6      385.0         116.7        405.4       194.8      1,081.4
June..............................................      367.4        9.0      386.8      380.7         117.6        426.2       205.6      1,091.1

July..............................................      367.1        8.9      389.5      379.4         114.4        442.0       212.4      1,091.4
Aug...............................................      368.3        8.9      390.1      376.2         118.2        455.9       210.8      1,098.1
Sept..............................................      369.1        8.8      389.8      372.0         120.9        462.6       213.5      1,105.2
Oct...............................................      370.5        8.8      387.3      363.4         118.5        466.4       215.8      1,112.2
Nov...............................................      371.0        8.8      387.0      359.7         116.3        471.3       214.8      1,117.0
Dec...............................................      372.5        8.9      389.1      352.5         119.0        476.9       216.6      1,131.3
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Includes continuing contract RPs.
\2\ Data prior to 1983 are not seasonally adjusted.
\3\ Data prior to 1982 are savings deposits only; MMDA data begin December 1982.

See next page for continuation of table.


Table B-66.--Components of money stock measures and liquid assets, 1959-95--Continued
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Term
Small         Large     repurchase
denomination  denomination                   Term     Savings    Shortterm    Bankers    Commercial
Year and month                         time          time     agreements  Eurodollars    bonds     Treasury   acceptances     paper
deposits \4\   deposits\4\     (RPs)         NSA                securities
NSA
--------------------------------------------------------------------------------------------------------------------------------------------------------
December:
1959.............................................         11.4           1.2          0.0         0.7        46.1        38.6         0.6          3.6

1960.............................................         12.5           2.0           .0          .8        45.7        36.7          .9          5.1
1961.............................................         14.8           3.9           .0         1.5        46.5        37.0         1.1          5.2
1962.............................................         20.1           7.0           .0         1.6        46.9        39.8         1.1          6.8
1963.............................................         25.6          10.8           .0         1.9        48.1        40.7         1.2          7.7
1964.............................................         29.2          15.2           .0         2.4        49.0        38.5         1.3          9.1
1965.............................................         34.5          21.2           .0         1.8        49.6        40.7         1.6         10.2
1966.............................................         55.0          23.1           .0         2.2        50.2        43.2         1.8         14.4
1967.............................................         77.8          30.9           .0         2.2        51.2        38.7         1.8         17.8
1968.............................................        100.6          37.4           .0         2.9        51.8        46.1         2.3         22.5
1969.............................................        120.4          20.4          2.7         2.7        51.7        59.5         3.3         34.0

1970.............................................        151.2          45.1          1.6         2.2        52.0        48.8         3.5         34.5
1971.............................................        189.8          57.6          2.7         2.7        54.3        36.0         3.8         32.7
1972.............................................        231.7          73.3          3.5         3.6        57.6        40.7         3.5         35.2
1973.............................................        265.8         111.0          6.7         5.5        60.4        49.3         5.0         42.8
1974.............................................        287.9         144.7          7.8         8.1        63.3        52.8        12.6         51.2
1975.............................................        337.8         129.7          8.1         9.8        67.2        68.4        10.7         48.5
1976.............................................        390.7         118.1         13.9        14.8        71.8        69.8        10.8         52.5
1977.............................................        445.4         145.2         18.9        20.2        76.4        78.3        14.1         64.0
1978.............................................        520.9         195.6         26.2        31.8        80.3        81.3        22.0         80.7
1979.............................................        634.2         223.2         29.1        44.7        79.5       108.2        27.1         98.3

1980.............................................        728.5         260.2         33.5        50.3        72.3       133.9        32.0         98.8
1981.............................................        823.1         303.8         35.3        67.5        67.8       149.4        39.9        105.3
1982.............................................        850.9         324.8         33.4        81.7        68.0       183.0        44.5        113.6
1983.............................................        784.1         316.4         49.9        91.5        71.1       213.6        45.0        133.2
1984.............................................        888.8         403.2         57.6        83.4        74.2       262.5        45.4        160.7
1985.............................................        885.7         422.4         62.5        76.9        79.5       298.7        42.1        207.5
1986.............................................        859.0         420.2         81.1        85.1        91.8       276.1        37.1        231.3
1987.............................................        922.7         467.0        107.3        91.6       100.6       249.5        44.5        260.6
1988.............................................      1,038.6         518.3        123.2       106.3       109.4       266.6        40.2        335.4
1989.............................................      1,153.7         541.5        100.4        83.8       117.5       323.5        40.6        346.4

1990.............................................      1,174.0         480.9         90.9        71.6       126.0       333.3        35.9        355.2
1991.............................................      1,066.6         416.6         73.3        59.4       137.9       328.1        23.8        334.8
1992.............................................        869.2         353.8         82.0        45.9       156.6       344.3        20.8        364.5
1993.............................................        785.1         332.7         97.6        46.5       171.5       341.6        14.9        384.7
1994.............................................        821.0         361.4        105.6        52.2       180.3       384.3        14.0        401.3
1995.............................................        933.2         418.9        105.4        57.1   .........  ..........  ...........  ..........

1994: Jan..........................................        779.5         335.1         93.5        45.5       172.5       349.7        14.8        391.4
Feb..........................................        775.0         331.8         92.1        47.9       173.2       350.9        14.9        401.2
Mar..........................................        772.0         330.3         95.1        46.2       173.9       362.2        15.7        390.3
Apr..........................................        770.2         329.8         98.6        46.5       174.8       365.2        15.9        384.5
May..........................................        770.8         332.4         97.6        47.7       175.7       372.0        15.6        392.2
June.........................................        772.9         335.0        102.1        50.3       176.7       368.5        14.9        387.0

July.........................................        776.5         338.4        102.8        50.9       177.7       372.7        13.2        391.1
Aug..........................................        782.8         342.0        101.0        51.1       178.5       377.4        13.8        395.4
Sept.........................................        789.6         348.2        101.7        51.9       179.1       373.8        14.8        390.2
Oct..........................................        799.7         353.6        101.9        52.6       179.5       372.4        13.1        399.9
Nov..........................................        810.8         357.4        103.1        54.3       179.9       375.7        13.5        401.4
Dec..........................................        821.0         361.4        105.6        52.2       180.3       384.3        14.0        401.3

1995: Jan..........................................        836.5         361.9        109.4        52.9       180.5       385.9        13.4        402.8
Feb..........................................        856.4         371.3        113.4        56.1       180.4       404.4        13.4        414.7
Mar..........................................        879.3         378.8        113.4        58.2       180.5       416.4        14.1        421.7
Apr..........................................        898.2         379.6        116.5        59.7       180.9       413.5        13.9        430.8
May..........................................        912.3         383.4        121.7        60.8       181.6       404.4        12.3        443.8
June.........................................        919.3         385.6        119.9        62.0       182.3       415.5        11.3        427.5

July.........................................        924.0         392.2        115.5        63.2       183.0       437.6        11.8        428.0
Aug..........................................        927.2         395.3        118.3        62.9       183.7       436.5        12.2        435.0
Sept.........................................        928.8         398.8        116.4        62.4       184.1       455.6        12.9        438.0
Oct..........................................        930.3         411.4        116.3        61.9       184.4       460.4        13.0        441.2
Nov..........................................        932.6         416.8        111.6        61.1       184.6       465.0        13.1        435.6
Dec..........................................        933.2         418.9        105.4        57.1   .........  ..........  ...........  ..........
--------------------------------------------------------------------------------------------------------------------------------------------------------
\4\Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000, respectively.

Note.--NSA indicates data are not seasonally adjusted.
See also Table B-65.
Data do not reflect revisions released on February 8, 1996.

Source: Board of Governors of the Federal Reserve System.