[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]
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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)
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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  ......
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\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.