[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b68._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-68.--Components of money stock measures and liquid assets, 1959-96
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Savings   Money market  mutual
deposits,      fund  (MMMF)
Other       Small      including        balances
Travelers    Demand   checkable    denomi-       money   ---------------------
Year  and  month                         Currency    checks    deposits   deposits     nation      market
(OCDs)       time       deposit               Institu-
deposits\1\   accounts   Retail\3\     tion
(MMDAs)\2\              only\4\
--------------------------------------------------------------------------------------------------------------------------------------------------------
December:
1959.......................................................       28.8        0.3      110.8        0.0        11.4        146.5        0.0        0.0

1960.......................................................       28.7         .3      111.6         .0        12.5        159.1         .0         .0
1961.......................................................       29.3         .4      115.5         .0        14.8        175.5         .0         .0
1962.......................................................       30.3         .4      117.1         .0        20.1        194.7         .0         .0
1963.......................................................       32.2         .4      120.6         .1        25.6        214.4         .0         .0
1964.......................................................       33.9         .5      125.8         .1        29.2        235.3         .0         .0
1965.......................................................       36.0         .5      131.3         .1        34.5        256.9         .0         .0
1966.......................................................       38.0         .6      133.4         .1        55.0        253.2         .0         .0
1967.......................................................       40.0         .6      142.5         .1        77.8        263.7         .0         .0
1968.......................................................       43.0         .7      153.6         .1       100.6        268.9         .0         .0
1969.......................................................       45.7         .8      157.3         .2       120.4        263.6         .0         .0

1970.......................................................       48.6         .9      164.8         .1       151.2        260.9         .0         .0
1971.......................................................       52.0        1.0      175.1         .2       189.8        292.2         .0         .0
1972.......................................................       56.2        1.2      191.6         .2       231.7        321.4         .0         .0
1973.......................................................       60.8        1.4      200.3         .3       265.8        326.7         .1         .0
1974.......................................................       67.0        1.7      205.2         .4       287.9        338.6        1.7         .2
1975.......................................................       72.8        2.1      211.6         .9       337.8        388.8        2.8         .5
1976.......................................................       79.5        2.6      221.6        2.7       390.7        453.2        2.5         .6
1977.......................................................       87.4        2.9      236.8        4.2       445.5        492.2        2.6        1.0
1978.......................................................       96.0        3.3      250.6        8.4       520.9        481.9        6.7        3.4
1979.......................................................      104.8        3.5      257.6       16.8       634.2        423.9       34.8       10.2

1980.......................................................      115.4        3.9      261.5       28.0       728.5        400.3       63.4       15.9
1981.......................................................      122.6        4.1      231.4       78.4       823.1        344.0      152.4       38.6
1982.......................................................      132.5        4.1      234.0      103.9       850.9        400.2      185.3       49.5
1983.......................................................      146.2        4.7      238.3      131.9       784.0        684.9      137.8       41.4
1984.......................................................      156.1        5.0      243.7      147.4       888.8        704.7      166.8       61.8
1985.......................................................      167.9        5.6      266.6      179.8       885.7        815.2      177.1       63.9
1986.......................................................      180.7        6.1      302.1      235.6       859.0        940.8      210.3       84.5
1987.......................................................      196.8        6.6      286.8      259.5       922.7        937.3      224.5       91.1
1988.......................................................      212.3        7.0      286.8      280.9     1,038.6        926.3      246.0       90.3
1989.......................................................      222.6        6.9      279.3      285.3     1,153.7        893.6      322.5      106.9

1990.......................................................      246.9        7.8      277.4      293.9     1,174.5        923.8      358.1      133.5
1991.......................................................      267.4        7.8      289.5      332.5     1,067.8      1,045.0      373.7      179.5
1992.......................................................      292.9        8.1      339.1      384.2       871.2      1,187.1      356.0      199.8
1993.......................................................      322.4        7.9      384.3      414.0       787.9      1,218.8      358.7      197.9
1994.......................................................      354.9        8.5      382.4      402.9       823.5      1,148.9      388.1      183.7
1995.......................................................      373.2        8.9      389.8      353.0       937.7      1,134.6      460.3      227.2
1996p......................................................      395.7        8.6      400.7      271.8       948.6      1,271.3      528.9      273.9

1995:Jan.....................................................      357.6        8.5      383.3      399.8       838.9      1,134.7      391.2      189.3
Feb......................................................      359.0        8.5      383.4      396.8       857.2      1,118.0      390.8      188.4
Mar......................................................      362.3        8.7      382.9      394.8       877.4      1,102.5      390.2      195.0
Apr......................................................      365.0        9.0      382.1      395.1       893.1      1,091.2      392.9      199.4
May......................................................      367.6        9.1      382.1      387.4       905.9      1,089.5      399.3      203.7
June.....................................................      367.0        9.0      386.5      382.0       913.4      1,097.0      414.2      213.2

July.....................................................      367.3        8.9      388.5      380.8       919.0      1,096.2      426.3      218.6
Aug......................................................      368.5        8.9      389.3      377.2       923.3      1,101.6      438.7      218.5
Sept.....................................................      369.5        8.8      389.4      372.4       926.4      1,108.4      445.9      221.7
Oct......................................................      370.8        8.8      388.1      364.1       929.8      1,116.1      450.6      223.7
Nov......................................................      371.6        8.9      388.2      360.4       935.1      1,120.6      455.5      224.8
Dec......................................................      373.2        8.9      389.8      353.0       937.7      1,134.6      460.3      227.2

1996:Jan.....................................................      373.6        8.9      393.5      343.2       937.5      1,151.8      463.2      230.6
Feb......................................................      373.3        8.9      397.4      337.8       937.0      1,164.5      468.4      243.9
Mar......................................................      375.2        8.9      407.1      335.4       932.3      1,183.0      480.1      248.3
Apr......................................................      376.0        8.9      406.3      332.4       930.1      1,193.2      480.3      245.6
May......................................................      377.1        8.7      409.5      321.8       927.8      1,197.5      478.3      243.5
June.....................................................      379.4        8.6      413.4      315.0       927.0      1,207.0      486.3      249.4

July.....................................................      382.6        8.5      410.1      306.7       928.7      1,213.6      491.6      252.9
Aug......................................................      385.0        8.4      407.0      298.4       932.8      1,224.3      497.7      257.2
Sept.....................................................      387.5        8.4      405.0      290.0       936.8      1,231.4      504.9      262.7
Oct......................................................      390.4        8.5      395.9      280.9       941.8      1,244.8      511.0      264.3
Nov......................................................      392.7        8.6      400.4      274.2       946.7      1,258.0      517.3      267.2
Decp.....................................................      395.7        8.6      400.7      271.8       948.6      1,271.3      528.9      273.9
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\Small denomination deposits are those issued in amounts of less than $100,000.
\2\Data prior to 1982 are savings deposits only; MMDA data begin December 1982.
\3\Balances in money funds with minimum initial investments of less than $50,000.
\4\Balances in money funds with minimum initial investments of $50,000 or more.

See next page for continuation of table.


Table B-68.--Components of money stock measures and liquid assets, 1959-96--Continued
[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]
----------------------------------------------------------------------------------------------------------------
Over-
night and
Large        term      Over-
denomi-      repur-   night and               Short-     Bankers    Commer-
Year and month              nation      chase       term     Savings      term      accept-      cial
time       agree-     Euro-      bonds     Treasury     ances      paper
deposits\5\    ments     dollars              securities
(RPs)      (net)
(net)
----------------------------------------------------------------------------------------------------------------
December:
1959..........................         1.2         0.0        0.7       46.1        38.6        0.6        3.6

1960..........................         2.0          .0         .8       45.7        36.7         .9        5.1
1961..........................         3.9          .0        1.5       46.5        37.0        1.1        5.2
1962..........................         7.0          .0        1.6       46.9        39.8        1.1        6.8
1963..........................        10.8          .0        1.9       48.1        40.7        1.2        7.7
1964..........................        15.2          .0        2.4       49.0        38.5        1.3        9.1
1965..........................        21.2          .0        1.8       49.6        40.7        1.6       10.2
1966..........................        23.1          .0        2.2       50.2        43.2        1.8       14.4
1967..........................        30.9          .0        2.2       51.2        38.7        1.8       17.8
1968..........................        37.4          .0        2.9       51.8        46.1        2.3       22.5
1969..........................        20.4         4.9        2.7       51.7        59.5        3.3       34.0

1970..........................        45.1         3.0        2.4       52.0        48.8        3.5       34.5
1971..........................        57.6         5.2        2.9       54.3        36.0        3.8       32.7
1972..........................        73.3         6.6        3.9       57.6        40.7        3.5       35.2
1973..........................       111.0        12.8        5.8       60.4        49.3        5.0       42.8
1974..........................       144.7        14.2        8.5       63.3        52.8       12.6       51.2
1975..........................       129.7        14.7       10.2       67.2        68.4       10.7       48.5
1976..........................       118.1        25.1       15.4       71.8        69.8       10.8       52.5
1977..........................       145.2        32.9       21.9       76.4        78.4       14.1       64.0
1978..........................       195.6        44.6       35.1       80.3        81.4       22.0       80.7
1979..........................       223.1        47.7       49.8       79.5       108.2       27.1       98.3

1980..........................       260.2        57.4       57.7       72.3       133.9       32.0       98.8
1981..........................       303.8        65.3       77.0       67.8       149.4       39.9      105.3
1982..........................       324.8        67.4       89.8       68.0       182.9       44.5      113.6
1983..........................       316.4        94.5      104.8       71.1       213.2       45.0      133.2
1984..........................       403.2       105.4       96.9       74.2       261.9       45.4      160.7
1985..........................       422.4       119.9       94.0       79.5       298.2       42.1      207.5
1986..........................       420.2       143.3      103.9       91.8       275.8       37.1      231.3
1987..........................       467.0       172.6      108.2      100.6       249.5       44.5      260.6
1988..........................       518.3       189.0      117.0      109.4       266.8       40.2      335.4
1989..........................       541.5       158.0       95.2      117.5       324.0       40.7      346.5

1990..........................       480.9       138.8       88.7      126.0       334.2       36.1      355.3
1991..........................       416.5       119.4       79.3      137.9       329.1       23.9      335.2
1992..........................       353.6       128.1       66.9      156.6       345.9       20.9      365.0
1993..........................       333.7       157.5       66.3      171.5       342.8       14.9      385.6
1994..........................       363.1       180.9       82.3      180.3       386.9       14.2      402.4
1995..........................       417.2       179.4       90.9      184.8       475.5       12.0      437.1
1996 ..

1995:Jan........................       363.8       187.4       87.3      180.5       387.0       13.6      406.3
Feb.........................       371.3       192.0       86.4      180.5       399.9       13.5      414.9
Mar.........................       377.2       191.1       87.2      180.7       410.9       13.7      420.9
Apr.........................       380.6       192.2       90.1      181.2       411.8       13.4      430.6
May.........................       384.1       197.3       91.1      181.7       405.2       12.0      437.0
June........................       387.2       191.8       91.8      182.4       414.4       11.0      428.9

July........................       393.5       188.7       92.2      183.0       433.9       12.1      429.0
Aug.........................       396.4       193.5       92.7      183.5       437.1       12.4      433.3
Sept........................       400.3       193.5       93.2      183.9       456.8       12.8      438.6
Oct.........................       409.7       191.2       92.5      184.2       465.6       13.4      440.5
Nov.........................       415.3       186.8       90.3      184.5       464.4       12.6      437.1
Dec.........................       417.2       179.4       90.9      184.8       475.5       12.0      437.1

1996:Jan........................       416.1       186.6       95.4      185.0       466.0       11.8      437.2
Feb.........................       421.6       188.7       96.6      185.0       445.0       10.3      442.3
Mar.........................       428.5       186.8       94.4      185.2       459.6        9.8      445.1
Apr.........................       431.3       187.6       97.0      185.6       461.4       10.3      461.0
May.........................       437.5       203.0       97.1      186.0       432.6       10.8      473.4
June........................       444.2       194.3       97.6      186.4       443.4       11.4      470.9

July........................       449.8       192.5       96.8      186.8       445.5       11.4      473.1
Aug.........................       452.5       191.6       96.9      187.2       452.6       11.3      478.6
Sept........................       459.6       194.7       99.7      187.3       460.9       11.5      482.4
Oct.........................       475.9       196.9      105.8      187.3       449.4       11.6      479.1
Nov.........................       481.6       194.9      103.9  .........  ..........  .........  .........
Dec .
----------------------------------------------------------------------------------------------------------------
\5\Large denomination deposits are those issued in amounts of more than $100,000.

Note.--See also Table B-67.

Source: Board of Governors of the Federal Reserve System.