[Economic Report of the President (2002)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] MONEY STOCK, CREDIT, AND FINANCE Table B-69.--Money stock and debt measures, 1959-2001 [Averages of daily figures, except debt; billions of dollars, seasonally adjusted] -------------------------------------------------------------------------------------------------------------------------------------------------------- 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............................................................ 214.3 626.4 677.0 1,416.8 5.1 6.5 9.9 6.7 1971............................................................ 228.2 710.1 775.9 1,550.5 6.5 13.4 14.6 9.4 1972............................................................ 249.1 802.1 885.8 1,706.8 9.2 13.0 14.2 10.1 1973............................................................ 262.7 855.3 984.9 1,892.0 5.5 6.6 11.2 10.9 1974............................................................ 274.0 901.9 1,069.7 2,065.0 4.3 5.4 8.6 9.1 1975............................................................ 286.8 1,016.0 1,169.9 2,252.4 4.7 12.7 9.4 9.1 1976............................................................ 305.9 1,151.7 1,309.7 2,497.2 6.7 13.4 11.9 10.9 1977............................................................ 330.5 1,269.9 1,470.1 2,814.1 8.0 10.3 12.2 12.7 1978............................................................ 356.9 1,365.6 1,644.2 3,202.8 8.0 7.5 11.8 13.8 1979............................................................ 381.4 1,473.3 1,808.3 3,591.9 6.9 7.9 10.0 12.1 1980............................................................ 408.1 1,599.3 1,995.1 3,934.2 7.0 8.6 10.3 9.5 1981............................................................ 436.2 1,754.9 2,254.1 4,346.0 6.9 9.7 13.0 10.5 1982............................................................ 474.3 1,909.8 2,460.2 4,782.2 8.7 8.8 9.1 10.0 1983............................................................ 520.8 2,126.1 2,697.2 5,351.8 9.8 11.3 9.6 11.9 1984............................................................ 551.2 2,309.8 2,990.7 6,148.8 5.8 8.6 10.9 14.9 1985............................................................ 619.1 2,495.3 3,207.8 7,068.4 12.3 8.0 7.3 15.0 1986............................................................ 724.0 2,731.9 3,498.9 7,933.6 16.9 9.5 9.1 12.2 1987............................................................ 749.4 2,830.9 3,686.1 8,677.1 3.5 3.6 5.4 9.4 1988............................................................ 786.1 2,994.1 3,928.5 9,466.6 4.9 5.8 6.6 9.1 1989............................................................ 792.1 3,158.0 4,076.2 10,160.1 .8 5.5 3.8 7.3 1990............................................................ 823.9 3,277.2 4,152.0 10,824.7 4.0 3.8 1.9 6.5 1991............................................................ 895.9 3,376.6 4,204.4 11,299.5 8.7 3.0 1.3 4.4 1992............................................................ 1,024.0 3,430.8 4,215.3 11,823.7 14.3 1.6 .3 4.6 1993............................................................ 1,129.2 3,483.8 4,277.7 12,407.7 10.3 1.5 1.5 4.9 1994............................................................ 1,149.8 3,496.9 4,360.1 12,988.5 1.8 .4 1.9 4.7 1995............................................................ 1,126.2 3,640.0 4,625.5 13,694.9 -2.1 4.1 6.1 5.4 1996............................................................ 1,080.5 3,813.1 4,972.4 14,433.5 -4.1 4.8 7.5 5.4 1997............................................................ 1,073.4 4,030.0 5,432.3 15,228.0 -.7 5.7 9.2 5.5 1998............................................................ 1,097.0 4,384.1 6,029.7 16,280.0 2.2 8.8 11.0 6.9 1999 ........................................................... 1,124.8 4,651.8 6,531.0 17,363.5 2.5 6.1 8.3 6.7 2000............................................................ 1,088.1 4,937.4 7,114.3 18,282.4 -3.3 6.1 8.9 5.3 2001 .......................................................... 1,177.9 5,449.1 8,026.9 ............ 8.3 10.4 12.8 ...... 2000: Jan......................................................... 1,123.3 4,673.8 6,573.0 17,434.9 4.7 5.8 10.0 6.1 Feb......................................................... 1,109.2 4,688.9 6,606.6 17,491.0 2.4 5.7 10.4 5.6 Mar......................................................... 1,113.7 4,719.3 6,677.9 17,603.5 3.7 6.2 11.8 5.6 Apr......................................................... 1,117.9 4,757.0 6,729.8 17,702.0 3.8 6.9 11.6 5.8 May......................................................... 1,106.7 4,763.5 6,762.3 17,744.4 -.1 6.0 9.8 5.9 June........................................................ 1,105.3 4,783.9 6,813.0 17,860.9 -3.5 5.7 8.6 5.7 July........................................................ 1,103.4 4,804.0 6,863.5 17,932.7 -3.5 5.6 8.8 5.7 Aug......................................................... 1,099.4 4,834.4 6,924.1 17,994.2 -1.8 6.2 9.6 5.8 Sept........................................................ 1,096.0 4,866.7 6,978.3 18,071.3 -3.2 6.2 9.0 5.3 Oct......................................................... 1,096.2 4,886.3 7,002.9 18,119.0 -3.9 5.4 8.1 4.7 Nov......................................................... 1,087.1 4,900.1 7,030.2 18,196.2 -3.5 5.7 7.9 4.7 Dec......................................................... 1,088.1 4,937.4 7,114.3 18,282.4 -3.1 6.4 8.8 4.7 2001: Jan......................................................... 1,099.3 4,983.4 7,213.0 18,332.3 -.7 7.5 10.2 4.5 Feb......................................................... 1,100.1 5,023.1 7,280.2 18,409.2 .1 7.8 10.3 4.6 Mar......................................................... 1,112.7 5,078.4 7,346.8 18,504.5 3.0 8.7 10.6 4.8 Apr......................................................... 1,117.5 5,121.4 7,463.7 18,585.2 3.9 9.6 13.2 5.1 May......................................................... 1,117.0 5,143.8 7,548.9 18,687.4 5.5 9.9 14.8 5.4 June........................................................ 1,123.5 5,186.7 7,630.2 18,782.9 6.5 10.1 14.5 5.5 July........................................................ 1,136.6 5,226.1 7,673.7 18,841.2 6.8 9.7 12.8 5.6 Aug......................................................... 1,144.6 5,261.8 7,678.5 18,947.4 8.1 9.5 10.9 5.8 Sept........................................................ 1,201.0 5,379.7 7,831.8 19,073.7 15.9 11.9 13.2 6.2 Oct......................................................... 1,158.9 5,371.8 7,879.8 19,161.6 7.4 9.8 11.1 6.2 Nov ........................................................ 1,158.1 5,413.8 7,969.4 19,267.4 10.5 11.1 6.2 Dec ....................................................... 1,177.9 5,449.1 8,026.9 ............ 9.7 10.1 10.4 ...... -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors. \2\ Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate. Note.--See Table B-70, for components. Source: Board of Governors of the Federal Reserve System.