[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 385]]

MONEY STOCK, CREDIT, AND FINANCE
 
Table B-67.--Money stock and debt measures, 1959-99
[Averages of daily figures, except debt; billions of dollars, seasonally adjusted]
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M1           M2           M3          Debt\1\     Percent change from year or 6
------------------------------------------------------        months earlier\2\
Sum of      M1 plus                               -------------------------------
currency,      retail       M2 plus       Debt of
demand        MMMF      large time     domestic
deposits,    balances,     deposits,   nonfinancial
Year  and  month                            travelers     savings     RPs, Euro-      sectors
checks, and    deposits   dollars, and    (monthly      M1      M2      M3     Debt
other     (including   institution-  average of
checkable    MMDAs),and     only MMMF    adjacent
deposits    small time    balances      month-end
(OCDs)      deposits                    levels)
--------------------------------------------------------------------------------------------------------------------------------------------------------
December:
1959............................................................        140.0        297.8        299.7         687.7   ......  ......  ......     7.7

1960............................................................        140.7        312.4        315.2         723.1      0.5     4.9     5.2     5.1
1961............................................................        145.2        335.5        340.8         765.9      3.2     7.4     8.1     5.9
1962............................................................        147.8        362.7        371.3         818.7      1.8     8.1     8.9     6.9
1963............................................................        153.3        393.2        405.9         873.6      3.7     8.4     9.3     6.7
1964............................................................        160.3        424.7        442.4         937.1      4.6     8.0     9.0     7.3
1965............................................................        167.8        459.2        482.1       1,004.1      4.7     8.1     9.0     7.1
1966............................................................        172.0        480.2        505.4       1,071.3      2.5     4.6     4.8     6.7
1967............................................................        183.3        524.8        557.9       1,145.7      6.6     9.3    10.4     6.9
1968............................................................        197.4        566.8        607.2       1,237.3      7.7     8.0     8.8     8.0
1969............................................................        203.9        587.9        615.9       1,327.4      3.3     3.7     1.4     7.3

1970............................................................        214.4        626.5        677.1       1,416.8      5.1     6.6     9.9     6.7
1971............................................................        228.3        710.3        776.0       1,550.5      6.5    13.4    14.6     9.4
1972............................................................        249.2        802.3        885.9       1,706.8      9.2    13.0    14.2    10.1
1973............................................................        262.9        855.5        985.0       1,892.0      5.5     6.6    11.2    10.9
1974............................................................        274.2        902.4      1,070.2       2,065.0      4.3     5.5     8.6     9.1
1975............................................................        287.1      1,016.6      1,171.9       2,252.4      4.7    12.7     9.5     9.1
1976............................................................        306.2      1,152.6      1,312.3       2,497.2      6.7    13.4    12.0    10.9
1977............................................................        330.9      1,271.1      1,472.7       2,814.1      8.1    10.3    12.2    12.7
1978............................................................        357.3      1,366.9      1,646.5       3,202.8      8.0     7.5    11.8    13.8
1979............................................................        381.8      1,474.7      1,810.1       3,591.9      6.9     7.9     9.9    12.1

1980............................................................        408.1      1,600.4      1,996.3       3,934.2      6.9     8.5    10.3     9.5
1981............................................................        436.2      1,756.1      2,254.9       4,345.9      6.9     9.7    13.0    10.5
1982............................................................        474.3      1,911.2      2,460.9       4,782.2      8.7     8.8     9.1    10.0
1983............................................................        520.8      2,127.8      2,699.2       5,351.8      9.8    11.3     9.7    11.9
1984............................................................        551.2      2,311.7      2,992.8       6,148.8      5.8     8.6    10.9    14.9
1985............................................................        619.4      2,497.4      3,209.8       7,068.7     12.4     8.0     7.3    15.0
1986............................................................        724.3      2,734.0      3,501.2       7,933.3     16.9     9.5     9.1    12.2
1987............................................................        749.7      2,832.8      3,692.0       8,673.9      3.5     3.6     5.4     9.3
1988............................................................        786.3      2,995.8      3,935.2       9,464.0      4.9     5.8     6.6     9.1
1989............................................................        792.6      3,159.9      4,091.0      10,156.3       .8     5.5     4.0     7.3

1990............................................................        824.6      3,279.1      4,155.6      10,818.1      4.0     3.8     1.6     6.5
1991............................................................        896.7      3,379.8      4,208.6      11,292.8      8.7     3.1     1.3     4.4
1992............................................................      1,024.5      3,434.1      4,220.0      11,816.8     14.3     1.6      .3     4.6
1993............................................................      1,129.4      3,487.5      4,279.9      12,403.5     10.2     1.6     1.4     5.0
1994............................................................      1,149.9      3,502.2      4,353.9      12,999.6      1.8      .4     1.7     4.8
1995............................................................      1,126.9      3,649.3      4,618.6      13,716.6     -2.0     4.2     6.1     5.5
1996............................................................      1,081.6      3,824.2      4,955.8      14,463.6     -4.0     4.8     7.3     5.4
1997............................................................      1,075.2      4,046.7      5,403.4      15,227.9      -.6     5.8     9.0     5.3
1998............................................................      1,093.7      4,401.4      5,995.7      16,250.4      1.7     8.8    11.0     6.7
1999...........................................................      1,125.4      4,662.7      6,484.9   ............     2.9     5.9     8.2  ......

1998:Jan..........................................................      1,074.2      4,071.4      5,448.2      15,303.0      1.2     7.2    10.1     6.0
Feb...........................................................      1,076.4      4,100.8      5,483.1      15,395.5       .8     7.1     9.6     6.3
Mar...........................................................      1,081.0      4,125.9      5,541.3      15,493.8      3.0     7.2    10.3     6.6
Apr...........................................................      1,082.4      4,154.9      5,586.2      15,581.4      3.8     7.7    10.6     6.7
May...........................................................      1,078.5      4,174.3      5,627.9      15,661.3      2.0     7.5    10.3     6.7
June..........................................................      1,078.4      4,198.3      5,670.6      15,746.7       .6     7.5     9.9     6.8
July..........................................................      1,076.0      4,215.7      5,691.1      15,832.7       .3     7.1     8.9     6.9
Aug...........................................................      1,072.6      4,241.0      5,746.8      15,915.2      -.7     6.8     9.6     6.8
Sept..........................................................      1,075.0      4,284.6      5,810.1      15,992.6     -1.1     7.7     9.7     6.4
Oct...........................................................      1,080.8      4,325.9      5,872.0      16,077.2      -.3     8.2    10.2     6.4
Nov...........................................................      1,089.3      4,364.4      5,936.9      16,170.4      2.0     9.1    11.0     6.5
Dec...........................................................      1,093.7      4,401.4      5,995.7      16,250.4      2.8     9.7    11.5     6.4

1999:Jan..........................................................      1,091.4      4,425.4      6,017.4      16,336.6      2.9     9.9    11.5     6.4
Feb...........................................................      1,093.1      4,446.0      6,065.1      16,427.2      3.8     9.7    11.1     6.4
Mar...........................................................      1,102.4      4,455.9      6,059.7      16,542.5      5.1     8.0     8.6     6.9
Apr...........................................................      1,108.8      4,488.9      6,104.5      16,646.0      5.2     7.5     7.9     7.1
May...........................................................      1,105.2      4,506.9      6,133.5      16,719.4      2.9     6.5     6.6     6.8
June..........................................................      1,101.5      4,523.7      6,166.4      16,795.6      1.4     5.6     5.7     6.7
July..........................................................      1,100.0      4,545.1      6,192.5      16,873.9      1.6     5.4     5.8     6.6
Aug...........................................................      1,102.9      4,567.2      6,216.4      16,967.9      1.8     5.5     5.0     6.6
Sept..........................................................      1,094.0      4,586.5      6,247.4      17,066.8     -1.5     5.9     6.2     6.3
Oct...........................................................      1,099.0      4,606.4      6,296.3      17,155.0     -1.8     5.2     6.3     6.1
Nov...........................................................      1,108.3      4,627.4      6,384.6      17,225.1       .6     5.3     8.2     6.0
Dec..........................................................      1,125.4      4,662.7      6,484.9   ............     4.3     6.1    10.3  ......
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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-68 for components.

Source: Board of Governors of the Federal Reserve System.