[Economic Report of the President (2005)]
[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, 1959-2004
[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   ......  ......  ......        7.8

1960.....................................             140.7             312.4             315.2              724.3      0.5     4.9     5.2        5.0
1961.....................................             145.2             335.5             340.8              767.8      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              940.0      4.6     8.0     9.0        7.3
1965.....................................             167.8             459.2             482.1            1,007.2      4.7     8.1     9.0        7.1
1966.....................................             172.0             480.2             505.4            1,074.7      2.5     4.6     4.8        6.7
1967.....................................             183.3             524.8             557.9            1,152.7      6.6     9.3    10.4        7.3
1968.....................................             197.4             566.8             607.2            1,242.8      7.7     8.0     8.8        7.8
1969.....................................             203.9             587.9             615.9            1,332.3      3.3     3.7     1.4        7.2

1970.....................................             214.4             626.5             677.1            1,422.5      5.1     6.6     9.9        6.8
1971.....................................             228.3             710.3             776.0            1,557.7      6.5    13.4    14.6        9.5
1972.....................................             249.2             802.3             885.9            1,713.7      9.2    13.0    14.2       10.0
1973.....................................             262.9             855.5             985.0            1,898.2      5.5     6.6    11.2       10.7
1974.....................................             274.2             902.1           1,069.9            2,073.1      4.3     5.4     8.6        9.2
1975.....................................             287.1           1,016.2           1,170.2            2,264.7      4.7    12.6     9.4        9.3
1976.....................................             306.2           1,152.0           1,310.0            2,508.3      6.7    13.4    11.9       10.8
1977.....................................             330.9           1,270.3           1,470.4            2,829.6      8.1    10.3    12.2       12.8
1978.....................................             357.3           1,366.0           1,644.6            3,214.5      8.0     7.5    11.8       13.8
1979.....................................             381.8           1,473.7           1,808.7            3,606.5      6.9     7.9    10.0       12.2

1980.....................................             408.5           1,599.8           1,995.5            3,957.9      7.0     8.6    10.3        9.5
1981.....................................             436.7           1,755.4           2,254.6            4,366.4      6.9     9.7    13.0       10.4
1982.....................................             474.8           1,910.3           2,460.7            4,788.3      8.7     8.8     9.1       10.1
1983.....................................             521.4           2,126.5           2,697.6            5,364.8      9.8    11.3     9.6       12.0
1984.....................................             551.6           2,309.9           2,990.9            6,151.2      5.8     8.6    10.9       14.7
1985.....................................             619.8           2,495.7           3,208.3            7,132.3     12.4     8.0     7.3       15.7
1986.....................................             724.6           2,732.3           3,499.4            7,975.1     16.9     9.5     9.1       11.9
1987.....................................             750.2           2,831.4           3,686.8            8,677.6      3.5     3.6     5.4        9.0
1988.....................................             786.6           2,994.4           3,928.9            9,461.7      4.9     5.8     6.6        9.1
1989.....................................             792.8           3,158.4           4,077.0           10,166.2       .8     5.5     3.8        7.3

1990.....................................             824.8           3,279.2           4,155.1           10,849.6      4.0     3.8     1.9        6.5
1991.....................................             896.9           3,379.1           4,209.6           11,311.9      8.7     3.0     1.3        4.3
1992.....................................           1,025.0           3,432.8           4,222.4           11,830.2     14.3     1.6      .3        4.6
1993.....................................           1,129.9           3,484.6           4,285.4           12,411.6     10.2     1.5     1.5        4.8
1994.....................................           1,150.5           3,497.4           4,369.4           12,989.9      1.8      .4     2.0        4.6
1995.....................................           1,127.0           3,641.2           4,636.3           13,674.5     -2.0     4.1     6.1        5.3
1996.....................................           1,079.3           3,816.7           4,985.1           14,391.4     -4.2     4.8     7.5        5.2
1997.....................................           1,072.5           4,031.7           5,460.7           15,159.4      -.6     5.6     9.5        5.3
1998.....................................           1,096.1           4,383.9           6,052.6           16,201.1      2.2     8.7    10.8        6.9
1999 ....................................           1,124.0           4,648.7           6,553.7           17,269.9      2.5     6.0     8.3        6.4

2000.....................................           1,087.9           4,932.5           7,122.7           18,118.5     -3.2     6.1     8.7        4.8
2001 ....................................           1,179.3           5,448.2           8,035.7           19,237.1      8.4    10.5    12.8        6.2
2002 ....................................           1,217.2           5,794.3           8,565.8           20,554.7      3.2     6.4     6.6        6.8
2003 ....................................           1,293.4           6,062.5           8,862.6           22,261.0      6.3     4.6     3.5        8.1
2004 p...................................           1,363.1           6,397.7           9,401.5   .................     5.4     5.5     6.1  .........

2003: Jan..................................           1,220.4           5,825.3           8,579.7   .................     4.4     7.5     8.4  .........
Feb..................................           1,235.1           5,867.1           8,617.2   .................     8.8     7.6     7.7  .........
Mar..................................           1,240.6           5,891.0           8,648.6           20,925.4      8.4     7.5     7.6        7.2
Apr..................................           1,246.1           5,933.7           8,686.0   .................     7.4     7.4     7.8  .........
May..................................           1,257.7           5,985.0           8,740.1   .................     8.8     7.6     5.8  .........
June.................................           1,271.0           6,026.0           8,790.0           21,499.7      8.8     8.0     5.2       11.0
July.................................           1,273.4           6,065.9           8,868.5   .................     8.7     8.3     6.7  .........
Aug..................................           1,281.5           6,106.3           8,908.9   .................     7.5     8.2     6.8  .........
Sept.................................           1,281.4           6,083.6           8,898.9           21,878.2      6.6     6.5     5.8        7.0
Oct..................................           1,284.1           6,068.8           8,875.7   .................     6.1     4.6     4.4  .........
Nov..................................           1,283.4           6,065.7           8,862.3   .................     4.1     2.7     2.8  .........
Dec..................................           1,293.4           6,062.5           8,862.6           22,261.0      3.5     1.2     1.7        6.2

2004: Jan..................................           1,287.7           6,070.2           8,921.0   .................     2.2      .1     1.2  .........
Feb..................................           1,306.5           6,120.4           8,991.7   .................     3.9      .5     1.9  .........
Mar..................................           1,325.8           6,168.0           9,082.3           22,767.2      6.9     2.8     4.1        9.1
Apr..................................           1,323.1           6,215.9           9,161.7   .................     6.1     4.8     6.4  .........
May..................................           1,322.3           6,286.5           9,264.5   .................     6.1     7.3     9.1  .........
June.................................           1,335.9           6,293.9           9,296.4           23,165.2      6.6     7.6     9.8        7.0
July.................................           1,325.0           6,288.0           9,281.7   .................     5.8     7.2     8.1  .........
Aug..................................           1,342.9           6,300.2           9,319.8   .................     5.6     5.9     7.3  .........
Sept.................................           1,347.0           6,332.8           9,364.2           23,607.5      3.2     5.3     6.2        7.4
Oct..................................           1,345.7           6,346.9           9,340.8   .................     3.4     4.2     3.9  .........
Nov .................................           1,362.1           6,380.5           9,359.0   .................     6.0     3.0     2.0  .........
Dec p................................           1,363.1           6,397.7           9,401.5   .................     4.1     3.3     2.3  .........
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.

Source: Board of Governors of the Federal Reserve System.