[Economic Report of the President (2003)]
[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, 1959-2002
[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
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M1                M2                 M3              Debt\1\                 Percent change
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Sum of currency,   M1 plus retail     M2 plus large                        From year or 6 months     From
demand deposits,   MMMF balances,     time deposits,                            earlier\2\         previous
Year  and  month                   travelers     savings deposits      RPs, Euro-     Debt of  domestic ------------------------ period\3\
checks, and       (including        dollars, and       nonfinancial                           ----------
other checkable     MMDAs), and     institution-only       sectors         M1      M2      M3
deposits (OCDs)     small time       MMMF balances                                                  Debt
-------------------------------------------------------------------deposits-----------------------------------------------------------------------------
December:
1959.....................................             140.0             297.8             299.7              689.5   ......  ......  ......        7.7

1960.....................................             140.7             312.4             315.2              724.2      0.5     4.9     5.2        5.0
1961.....................................             145.2             335.5             340.8              767.7      3.2     7.4     8.1        6.0
1962.....................................             147.8             362.7             371.3              820.6      1.8     8.1     8.9        6.9
1963.....................................             153.3             393.2             405.9              876.0      3.7     8.4     9.3        6.8
1964.....................................             160.3             424.7             442.4              939.9      4.6     8.0     9.0        7.3
1965.....................................             167.8             459.2             482.1            1,007.1      4.7     8.1     9.0        7.1
1966.....................................             172.0             480.2             505.4            1,074.6      2.5     4.6     4.8        6.7
1967.....................................             183.3             524.8             557.9            1,152.6      6.6     9.3    10.4        7.3
1968.....................................             197.4             566.8             607.2            1,242.7      7.7     8.0     8.8        7.9
1969.....................................             203.9             587.9             615.9            1,332.0      3.3     3.7     1.4        7.2

1970.....................................             214.3             626.4             677.0            1,422.3      5.1     6.5     9.9        6.9
1971.....................................             228.2             710.1             775.9            1,557.5      6.5    13.4    14.6        9.5
1972.....................................             249.1             802.1             885.8            1,713.5      9.2    13.0    14.2       10.0
1973.....................................             262.7             855.3             984.9            1,897.9      5.5     6.6    11.2       10.7
1974.....................................             274.0             901.9           1,069.7            2,072.3      4.3     5.4     8.6        9.2
1975.....................................             286.8           1,016.0           1,169.9            2,264.7      4.7    12.7     9.4        9.3
1976.....................................             305.9           1,151.7           1,309.7            2,508.3      6.7    13.4    11.9       10.8
1977.....................................             330.5           1,269.9           1,470.1            2,829.6      8.0    10.3    12.2       12.8
1978.....................................             356.9           1,365.6           1,644.2            3,214.5      8.0     7.5    11.8       13.8
1979.....................................             381.4           1,473.3           1,808.3            3,606.5      6.9     7.9    10.0       12.2

1980.....................................             408.1           1,599.4           1,995.1            3,957.9      7.0     8.6    10.3        9.5
1981.....................................             436.2           1,754.9           2,254.0            4,366.4      6.9     9.7    13.0       10.4
1982.....................................             474.3           1,909.8           2,460.2            4,788.3      8.7     8.8     9.1       10.1
1983.....................................             520.8           2,125.9           2,697.0            5,364.8      9.8    11.3     9.6       12.0
1984.....................................             551.2           2,309.6           2,990.5            6,151.2      5.8     8.6    10.9       14.7
1985.....................................             619.1           2,494.9           3,207.5            7,132.3     12.3     8.0     7.3       15.7
1986.....................................             724.0           2,731.6           3,498.7            7,975.1     16.9     9.5     9.1       11.9
1987.....................................             749.4           2,830.6           3,685.8            8,677.6      3.5     3.6     5.3        9.0
1988.....................................             786.1           2,993.8           3,928.2            9,461.7      4.9     5.8     6.6        9.1
1989.....................................             792.1           3,157.4           4,075.9           10,166.3       .8     5.5     3.8        7.3

1990.....................................             824.1           3,276.8           4,151.9           10,850.6      4.0     3.8     1.9        6.5
1991.....................................             896.2           3,376.1           4,204.3           11,312.5      8.7     3.0     1.3        4.3
1992.....................................           1,024.0           3,430.3           4,215.4           11,839.9     14.3     1.6      .3        4.6
1993.....................................           1,129.1           3,483.0           4,277.4           12,434.1     10.3     1.5     1.5        4.9
1994.....................................           1,149.7           3,496.0           4,360.1           13,001.5      1.8      .4     1.9        4.5
1995.....................................           1,126.5           3,639.8           4,625.7           13,706.9     -2.0     4.1     6.1        5.4
1996.....................................           1,079.1           3,813.8           4,971.6           14,440.2     -4.2     4.8     7.5        5.3
1997.....................................           1,072.2           4,030.5           5,447.5           15,243.1      -.6     5.7     9.6        5.6
1998.....................................           1,096.5           4,383.9           6,037.7           16,285.5      2.3     8.8    10.8        6.8
1999 ....................................           1,124.4           4,654.2           6,539.6           17,377.6      2.5     6.2     8.3        6.5

2000.....................................           1,088.9           4,938.6           7,109.9           18,250.6     -3.2     6.1     8.7        4.9
2001 ....................................           1,179.3           5,458.6           8,027.0           19,369.2      8.3    10.5    12.9        6.1
2002 ...................................           1,219.1           5,815.6           8,541.2   .................     3.4     6.5     6.4  .........

2001: Jan..................................           1,095.8           4,983.7           7,207.8   .................    -1.7     7.6    10.5  .........
Feb..................................           1,098.9           5,022.8           7,274.0   .................     -.6     7.8    10.2  .........
Mar..................................           1,107.4           5,071.9           7,327.0           18,487.9      1.5     8.4     9.9        5.2
Apr..................................           1,109.7           5,114.3           7,430.5   .................     1.9     9.4    12.1  .........
May..................................           1,116.6           5,140.4           7,523.4   .................     4.6     9.9    14.1  .........
June.................................           1,125.6           5,187.3           7,612.1           18,746.6      6.7    10.1    14.1        5.6
July.................................           1,138.6           5,227.1           7,655.0   .................     7.8     9.8    12.4  .........
Aug..................................           1,147.3           5,264.4           7,667.0   .................     8.8     9.6    10.8  .........
Sept.................................           1,200.0           5,374.4           7,819.8           19,065.8     16.7    11.9    13.5        6.8
Oct..................................           1,161.0           5,367.9           7,866.9   .................     9.2     9.9    11.7  .........
Nov..................................           1,163.8           5,414.4           7,956.5   .................     8.5    10.7    11.5  .........
Dec..................................           1,179.3           5,458.6           8,027.0           19,369.2      9.5    10.5    10.9        6.4

2002: Jan..................................           1,182.9           5,468.2           8,018.8   .................     7.8     9.2     9.5  .........
Feb..................................           1,184.8           5,498.8           8,057.0   .................     6.5     8.9    10.2  .........
Mar..................................           1,187.8           5,493.0           8,051.8           19,601.0     -2.0     4.4     5.9        4.8
Apr..................................           1,176.7           5,476.5           8,038.7   .................     2.7     4.0     4.4  .........
May..................................           1,183.4           5,542.4           8,118.5   .................     3.4     4.7     4.1  .........
June.................................           1,190.2           5,576.3           8,159.2           20,004.5      1.8     4.3     3.3        8.2
July.................................           1,197.4           5,635.5           8,217.3   .................     2.5     6.1     5.0  .........
Aug..................................           1,183.2           5,680.3           8,291.3   .................     -.3     6.6     5.8  .........
Sept.................................           1,191.2           5,705.5           8,326.7           20,336.8       .6     7.7     6.8        6.6
Oct..................................           1,199.8           5,754.6           8,348.7   .................     3.9    10.2     7.7  .........
Nov .................................           1,201.0           5,802.4           8,485.9   .................     3.0     9.4     9.1  .........
Dec ................................           1,219.1           5,815.6           8,541.2   .................     4.9     8.6     9.4  .........
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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.
\3\ Annual changes are from fourth quarter to fourth quarter. Quarterly changes are from previous quarter at annual rate.
Note.--See Table B-70, for components.

Source: Board of Governors of the Federal Reserve System.