[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Publishing 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] -------------------------------------------------------------------------------------------------------------------------------------------------------- M1 M2 M3 Debt\1\ Percent change ------------------------------------------------------------------------------------------------------------ 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 ......... -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.