[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-70.--Components of money stock measures and liquid assets, 1959-97 [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 accounts Retail tion only \1\ (MMDAs) ----------------------------------------------------------------------------------------------------------------------------\2\------------------------- 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 .9 164.7 .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 1.7 205.0 .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 2.9 236.7 4.2 445.5 492.2 2.6 1.0 1978....................................................... 96.0 3.3 250.6 8.5 520.9 481.9 6.7 3.4 1979....................................................... 104.8 3.5 257.7 16.8 634.2 423.8 34.8 10.2 1980....................................................... 115.4 3.9 261.4 28.1 728.5 400.2 63.4 15.9 1981....................................................... 122.6 4.1 231.4 78.7 823.1 343.9 152.4 38.6 1982....................................................... 132.5 4.1 234.0 104.1 850.9 400.1 185.2 49.4 1983....................................................... 146.1 4.7 238.3 132.1 784.0 684.9 137.5 41.4 1984....................................................... 156.1 5.0 243.7 147.4 888.8 704.7 166.5 62.1 1985....................................................... 167.9 5.6 266.6 179.8 885.7 815.2 176.8 64.5 1986....................................................... 180.7 6.1 302.1 235.6 858.3 940.9 210.4 85.1 1987....................................................... 196.8 6.6 286.8 259.5 921.0 937.4 224.6 92.0 1988....................................................... 212.3 7.0 286.8 280.9 1,037.1 926.3 245.9 92.3 1989....................................................... 222.7 6.9 279.3 285.3 1,151.4 893.7 321.7 110.3 1990....................................................... 246.8 7.8 277.4 293.9 1,172.8 923.8 357.1 138.0 1991....................................................... 267.3 7.8 289.6 332.5 1,065.4 1,045.0 371.9 185.5 1992....................................................... 292.9 8.1 339.5 384.4 868.3 1,187.3 353.5 207.5 1993....................................................... 322.2 7.9 385.2 414.5 782.6 1,219.2 354.9 209.5 1994....................................................... 354.4 8.5 384.1 403.8 817.5 1,149.6 384.3 198.5 1995....................................................... 372.6 8.9 391.1 356.5 933.7 1,137.1 455.2 246.9 1996....................................................... 395.2 8.6 402.6 274.8 945.7 1,271.0 523.9 299.3 1997 p..................................................... 426.0 8.2 391.7 242.8 963.7 1,395.4 591.5 359.5 1996: Jan.................................................... 373.0 8.9 394.4 345.9 934.3 1,153.8 459.6 250.1 Feb.................................................... 373.4 8.9 397.3 340.3 934.1 1,165.1 466.0 259.7 Mar.................................................... 375.4 8.9 404.6 337.3 930.8 1,180.2 476.8 263.7 Apr.................................................... 376.4 8.8 404.5 333.9 929.5 1,190.1 481.4 263.4 May.................................................... 377.7 8.7 407.2 323.5 928.5 1,195.6 484.2 263.6 June................................................... 379.9 8.7 410.7 316.4 928.8 1,204.1 493.2 269.7 July................................................... 382.8 8.6 408.8 308.7 930.5 1,211.0 498.7 274.0 Aug.................................................... 385.2 8.4 405.9 300.4 934.1 1,222.7 503.0 278.8 Sept................................................... 387.6 8.5 405.1 292.2 937.3 1,231.5 507.5 285.2 Oct.................................................... 390.2 8.6 398.4 283.2 941.0 1,246.3 512.5 288.1 Nov.................................................... 392.5 8.6 402.2 276.8 943.9 1,259.0 516.8 292.0 Dec.................................................... 395.2 8.6 402.6 274.8 945.7 1,271.0 523.9 299.3 1997: Jan.................................................... 397.0 8.6 401.6 272.5 946.8 1,282.5 527.9 296.3 Feb.................................................... 400.5 8.6 404.3 267.3 948.2 1,290.5 532.9 305.4 Mar.................................................... 402.4 8.5 403.1 261.5 947.4 1,304.3 540.8 311.8 Apr.................................................... 403.7 8.3 395.6 257.7 948.9 1,321.1 550.5 311.6 May.................................................... 406.1 8.2 395.7 252.8 953.3 1,320.9 546.4 311.6 June................................................... 407.7 8.0 397.2 250.1 957.9 1,325.4 550.5 318.9 July................................................... 410.2 8.2 396.4 247.2 960.2 1,329.9 554.9 324.1 Aug.................................................... 412.1 8.3 402.0 247.2 960.8 1,341.4 569.4 329.2 Sept................................................... 415.4 8.1 390.6 246.7 961.6 1,356.7 580.8 338.9 Oct.................................................... 418.0 8.1 386.4 244.8 963.2 1,370.2 584.2 345.3 Nov.................................................... 421.9 8.2 391.0 243.0 963.2 1,380.2 590.4 346.4 Dec p.................................................. 426.0 8.2 391.7 242.8 963.7 1,395.4 591.5 359.5 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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. See next page for continuation of table. Table B-70.--Components of money stock measures and liquid assets, 1959-97--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\3\ 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 49.0 3.5 33.2 1971.......................... 57.6 5.2 2.9 54.3 36.1 3.8 32.3 1972.......................... 73.3 6.6 3.9 57.6 40.8 3.5 35.1 1973.......................... 111.0 12.8 5.8 60.4 49.4 5.0 41.6 1974.......................... 144.7 14.2 8.5 63.3 52.8 12.6 49.7 1975.......................... 129.7 14.7 10.2 67.2 68.5 10.7 48.1 1976.......................... 118.1 25.1 15.4 71.8 69.9 10.8 52.2 1977.......................... 145.2 32.9 21.9 76.4 78.4 14.1 64.1 1978.......................... 195.6 44.6 35.1 80.3 81.4 22.0 80.9 1979.......................... 223.1 47.7 49.8 79.5 108.2 27.1 99.7 1980.......................... 260.2 57.4 57.7 72.3 133.9 32.0 99.5 1981.......................... 303.8 65.3 77.0 67.8 149.4 39.9 103.8 1982.......................... 324.8 67.4 89.8 68.0 182.9 44.5 108.3 1983.......................... 316.4 94.5 104.8 71.1 213.2 45.0 136.5 1984.......................... 403.2 105.4 96.9 74.2 261.9 45.4 157.3 1985.......................... 422.4 119.9 94.0 79.5 298.2 42.1 208.9 1986.......................... 420.2 143.3 103.9 91.8 275.8 37.1 231.2 1987.......................... 467.0 172.6 108.2 100.6 249.5 44.5 272.7 1988.......................... 518.3 189.0 117.0 109.4 266.8 40.2 334.3 1989.......................... 541.5 158.0 95.2 117.5 324.0 40.7 344.6 1990.......................... 480.9 138.8 88.7 126.0 334.1 36.1 354.4 1991.......................... 416.5 119.5 79.3 137.9 328.8 23.8 335.2 1992.......................... 353.4 128.6 67.0 156.6 344.7 20.8 365.5 1993.......................... 333.4 158.6 66.4 171.5 340.5 14.8 386.6 1994.......................... 363.1 182.9 80.8 180.2 383.0 14.0 403.9 1995.......................... 419.8 182.1 88.7 184.8 469.9 11.2 439.3 1996.......................... 491.4 194.1 113.9 187.0 456.5 12.2 495.5 1997... 1996: Jan....................... 420.9 187.2 92.0 185.0 464.5 11.3 440.0 Feb....................... 426.3 188.9 93.0 185.2 448.2 10.2 443.0 Mar....................... 432.6 187.8 91.5 185.4 458.7 9.9 446.3 Apr....................... 435.4 189.0 94.0 185.8 464.4 10.2 459.3 May....................... 442.5 202.9 94.5 186.1 452.8 10.7 468.0 June...................... 448.9 195.6 95.6 186.4 470.5 11.1 470.1 July...................... 455.9 194.5 95.8 186.7 473.6 11.5 473.0 Aug....................... 460.4 192.6 96.3 186.9 478.1 11.7 477.7 Sept...................... 468.3 194.4 98.9 187.1 483.9 12.0 482.0 Oct....................... 480.9 196.0 105.1 187.1 476.7 12.1 479.6 Nov....................... 483.4 195.3 107.1 187.0 479.9 12.2 483.2 Dec....................... 491.4 194.1 113.9 187.0 456.5 12.2 495.5 1997: Jan....................... 494.8 198.3 117.5 186.8 436.1 11.9 509.1 Feb....................... 504.7 202.1 119.7 186.4 437.7 12.7 517.5 Mar....................... 517.0 200.6 121.7 186.3 441.7 13.5 525.9 Apr....................... 530.4 204.1 126.6 186.2 448.5 12.8 537.8 May....................... 530.0 204.5 133.5 186.2 457.1 13.1 543.9 June...................... 537.7 198.7 128.8 186.3 451.7 12.6 555.9 July...................... 552.4 207.1 130.5 186.4 431.5 12.9 566.8 Aug....................... 553.9 208.6 135.3 186.5 448.1 13.3 563.9 Sept...................... 563.1 205.7 137.4 186.5 453.3 13.0 563.5 Oct....................... 565.3 217.6 133.8 186.5 439.0 13.2 568.9 Nov....................... 573.4 233.5 133.9 186.5 445.8 12.7 577.4 Dec p..................... 579.2 235.9 139.1 ......... .......... ......... ......... ---------------------------------------------------------------------------------------------------------------- \3\ Large denomination deposits are those issued in amounts of more than $100,000. Note.--See also Table B-69. Source: Board of Governors of the Federal Reserve System.