[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-70.--Components of money stock measures, 1959-2003
[Averages of daily figures; billions of dollars, seasonally adjusted]
----------------------------------------------------------------------------------------------------------------
Savings
deposits,
Other       Small      including
Nonbank     Demand   checkable    denomi-       money
Year  and  month                Currency  travelers   deposits   deposits     nation      market
checks                (OCDs)       time       deposit
deposits    accounts
\1\        (MMDAs)
----------------------------------------------------------------------------------------------------------\2\---
December:
1959.....................................       28.8        0.3      110.8        0.0        11.4        146.5

1960.....................................       28.7         .3      111.6         .0        12.5        159.1
1961.....................................       29.3         .4      115.5         .0        14.8        175.5
1962.....................................       30.3         .4      117.1         .0        20.1        194.8
1963.....................................       32.2         .4      120.6         .1        25.5        214.4
1964.....................................       33.9         .5      125.8         .1        29.2        235.2
1965.....................................       36.0         .5      131.3         .1        34.5        256.9
1966.....................................       38.0         .6      133.4         .1        55.0        253.1
1967.....................................       40.0         .6      142.5         .1        77.8        263.7
1968.....................................       43.0         .7      153.6         .1       100.5        268.9
1969.....................................       45.7         .8      157.3         .2       120.4        263.7

1970.....................................       48.6         .8      164.7         .1       151.2        261.0
1971.....................................       52.0         .9      175.1         .2       189.7        292.2
1972.....................................       56.2        1.1      191.6         .2       231.6        321.4
1973.....................................       60.8        1.2      200.3         .3       265.8        326.8
1974.....................................       67.0        1.5      205.1         .4       287.9        338.6
1975.....................................       72.8        1.9      211.3         .9       337.9        388.9
1976.....................................       79.5        2.3      221.5        2.7       390.7        453.2
1977.....................................       87.4        2.6      236.4        4.2       445.5        492.2
1978.....................................       96.0        2.9      249.5        8.5       521.0        481.9
1979.....................................      104.8        3.1      256.6       16.8       634.3        423.8

1980.....................................      115.3        3.5      261.2       28.1       728.5        400.3
1981.....................................      122.5        3.6      231.4       78.7       823.1        343.9
1982.....................................      132.5        3.6      234.1      104.1       850.9        400.1
1983.....................................      146.2        4.0      238.5      132.1       784.1        684.9
1984.....................................      156.1        4.3      243.4      147.4       888.8        704.7
1985.....................................      167.7        4.8      266.7      179.8       885.7        815.3
1986.....................................      180.4        5.2      302.7      235.6       858.4        940.9
1987.....................................      196.7        5.7      287.5      259.5       921.0        937.4
1988.....................................      212.0        6.1      287.0      280.9     1,037.1        926.4
1989.....................................      222.2        6.1      278.6      285.1     1,151.3        893.7

1990.....................................      246.5        7.0      276.9      293.7     1,173.4        922.9
1991.....................................      267.1        7.1      289.7      332.4     1,065.6      1,043.6
1992.....................................      292.2        7.6      340.0      384.6       868.1      1,186.8
1993.....................................      321.6        7.5      385.5      414.8       782.0      1,219.4
1994.....................................      354.0        8.0      383.6      404.2       816.4      1,149.8
1995.....................................      372.1        8.5      389.3      356.8       931.4      1,134.1
1996.....................................      394.1        8.3      400.3      275.7       946.8      1,273.9
1997.....................................      424.6        8.1      393.1      245.7       968.0      1,400.6
1998.....................................      459.9        8.2      377.1      249.5       951.6      1,605.2
1999 ....................................      517.7        8.3      352.2      243.4       954.1      1,740.7

2000.....................................      531.5        8.0      306.9      238.2     1,044.2      1,877.2
2001 ....................................      581.9        7.8      326.1      257.2       973.2      2,307.0
2002 ....................................      627.3        7.5      297.0      278.6       893.2      2,762.8
2003 p...................................      664.0        7.5      306.5      309.1       805.8      3,144.9

2002: Jan..................................      587.5        7.9      325.4      258.3       961.0      2,348.4
Feb..................................      592.2        7.8      325.7      259.5       950.0      2,398.6
Mar..................................      595.9        7.8      323.9      259.5       940.9      2,421.5
Apr..................................      600.0        7.7      305.8      259.1       933.3      2,450.6
May..................................      605.0        7.8      307.1      263.4       927.5      2,499.2
June.................................      609.5        8.2      306.2      265.0       923.5      2,531.4
July.................................      613.7        8.5      305.1      268.4       919.3      2,568.5
Aug..................................      616.4        8.3      290.0      269.8       914.4      2,625.8
Sept.................................      618.3        7.9      292.7      272.4       907.3      2,664.5
Oct..................................      620.9        7.7      299.7      274.4       902.2      2,699.6
Nov..................................      623.6        7.5      294.5      276.6       898.1      2,743.6
Dec..................................      627.3        7.5      297.0      278.6       893.2      2,762.8

2003: Jan..................................      631.0        7.6      295.6      278.6       888.3      2,807.4
Feb..................................      636.2        7.6      305.9      283.7       882.1      2,851.6
Mar..................................      640.3        7.5      304.1      284.8       877.2      2,871.4
Apr..................................      643.2        7.4      304.0      282.3       871.6      2,914.1
May..................................      645.8        7.5      315.0      289.6       863.6      2,981.8
June.................................      646.5        7.9      322.2      295.3       854.9      3,029.7
July.................................      646.2        8.2      322.5      301.0       843.0      3,096.7
Aug..................................      649.2        8.0      322.3      306.2       832.0      3,148.2
Sept.................................      653.0        7.8      317.3      310.0       823.9      3,142.2
Oct..................................      658.2        7.6      313.9      307.2       817.2      3,147.6
Nov .................................      661.4        7.4      306.9      306.1       810.4      3,155.3
Dec p................................      664.0        7.5      306.5      309.1       805.8      3,144.9
----------------------------------------------------------------------------------------------------------------
\1\ Small denomination deposits are those issued in amounts of less than $100,000.
\2\ Data prior to 1982 are savings deposits only; MMDA data begin December 1982.

See next page for continuation of table.


Table B-70.--Components of money stock measures, 1959-2003--Continued
[Averages of daily figures; billions of dollars, seasonally adjusted]
----------------------------------------------------------------------------------------------------------------
Money market  mutual                 Over-
fund  (MMMF)                   night and
balances           Large        term      Over-
----------------------   denomi-      repur-   night and
Year and month                                               nation      chase       term
time       agree-     Euro-
Retail    Institu-  deposits\3\    ments     dollars
tion only                 (RPs)      (net)
(net)
----------------------------------------------------------------------------------------------------------------
December:
1959.................................................        0.0        0.0         1.2         0.0        0.7

1960.................................................         .0         .0         2.0          .0         .8
1961.................................................         .0         .0         3.9          .0        1.5
1962.................................................         .0         .0         7.0          .0        1.6
1963.................................................         .0         .0        10.8          .0        1.9
1964.................................................         .0         .0        15.2          .0        2.4
1965.................................................         .0         .0        21.2          .0        1.8
1966.................................................         .0         .0        23.1          .0        2.2
1967.................................................         .0         .0        30.9          .0        2.2
1968.................................................         .0         .0        37.4          .0        2.9
1969.................................................         .0         .0        20.4         4.9        2.7

1970.................................................         .0         .0        45.2         3.0        2.4
1971.................................................         .0         .0        57.7         5.2        2.9
1972.................................................         .0         .0        73.3         6.6        3.8
1973.................................................         .1         .0       110.9        12.8        5.8
1974.................................................        1.4         .2       144.7        14.5        8.5
1975.................................................        2.4         .5       129.7        13.8       10.0
1976.................................................        1.8         .6       118.1        24.0       15.2
1977.................................................        1.8        1.0       145.2        32.2       21.7
1978.................................................        5.8        3.5       195.6        44.4       35.1
1979.................................................       33.9       10.4       223.1        48.8       52.7

1980.................................................       62.5       16.0       260.2        58.1       61.4
1981.................................................      151.7       38.2       304.3        67.8       88.8
1982.................................................      184.5       48.8       325.6        71.8      104.2
1983.................................................      136.1       40.9       316.1        97.5      116.6
1984.................................................      164.9       62.3       402.2       107.6      108.9
1985.................................................      174.9       65.3       421.7       121.5      104.2
1986.................................................      208.4       86.3       419.0       146.2      115.7
1987.................................................      222.8       93.7       461.9       178.3      121.5
1988.................................................      244.3       93.8       512.4       196.7      131.7
1989.................................................      320.3      112.3       527.9       169.0      109.4

1990.................................................      356.8      140.5       479.6       151.5      103.3
1991.................................................      370.9      189.8       414.8       131.2       92.3
1992.................................................      351.6      213.8       350.1       141.6       79.5
1993.................................................      352.6      217.0       331.8       172.6       72.8
1994.................................................      380.1      211.3       369.8       196.4       86.3
1995.................................................      447.7      264.6       428.1       198.5       94.0
1996.................................................      516.2      322.9       508.6       210.5      114.7
1997.................................................      591.5      395.8       617.7       254.0      147.5
1998.................................................      732.7      539.3       669.4       293.4      150.2
1999 ................................................      833.9      634.8       744.2       335.7      170.5

2000................................................      926.0      789.4       821.2       363.5      194.3
2001 ...............................................      992.0    1,191.7       785.8       375.0      208.6
2002 ...............................................      926.5    1,236.8       793.6       474.6      227.9
2003 p..............................................      806.8    1,102.6       884.7       493.8      281.1

2002: Jan..............................................      980.6    1,176.6       790.6       373.0      208.6
Feb..............................................      973.6    1,181.8       793.3       372.8      214.3
Mar..............................................      958.8    1,186.9       797.0       374.5      216.1
Apr..............................................      938.4    1,191.0       808.5       375.3      215.5
May..............................................      947.5    1,190.7       821.1       371.3      211.8
June.............................................      943.9    1,199.3       813.4       371.7      208.8
July.............................................      952.0    1,195.0       815.2       373.3      208.1
Aug..............................................      948.8    1,194.3       815.6       400.9      209.6
Sept.............................................      936.0    1,186.2       812.9       424.3      212.8
Oct..............................................      932.5    1,145.8       818.8       423.4      221.8
Nov..............................................      933.4    1,211.4       811.6       443.4      226.4
Dec..............................................      926.5    1,236.8       793.6       474.6      227.9

2003: Jan..............................................      913.3    1,201.0       802.9       466.3      234.0
Feb..............................................      907.8    1,181.2       800.6       480.9      235.2
Mar..............................................      901.7    1,168.5       805.2       499.4      239.3
Apr..............................................      887.4    1,146.8       804.9       509.3      246.6
May..............................................      895.4    1,127.9       808.2       517.5      259.5
June.............................................      890.9    1,147.6       805.8       520.2      259.1
July.............................................      882.0    1,188.4       865.7       496.2      267.1
Aug..............................................      877.7    1,170.4       871.1       494.3      277.2
Sept.............................................      868.2    1,179.6       876.5       498.5      276.7
Oct..............................................      840.4    1,149.1       865.4       505.9      283.4
Nov..............................................      824.0    1,125.1       869.8       507.7      281.9
Dec p............................................      806.8    1,102.6       884.7       493.8      281.1
----------------------------------------------------------------------------------------------------------------
\3\ Large denomination deposits are those issued in amounts of more than $100,000.

Note.--See also Table B-69.

Source: Board of Governors of the Federal Reserve System.