[Economic Report of the President (2006)]
[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, 1959-2005
[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   ......  ......  ......        7.8

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            1,330.1      3.3     3.7     1.4        7.0

1970.....................................             214.4             626.5             677.1            1,420.2      5.1     6.6     9.9        6.8
1971.....................................             228.3             710.3             776.0            1,555.2      6.5    13.4    14.6        9.5
1972.....................................             249.2             802.3             885.9            1,711.2      9.2    13.0    14.2       10.0
1973.....................................             262.9             855.5             985.0            1,895.5      5.5     6.6    11.2       10.7
1974.....................................             274.2             902.1           1,069.9            2,069.9      4.3     5.4     8.6        9.2
1975.....................................             287.1           1,016.2           1,170.2            2,261.8      4.7    12.6     9.4        9.3
1976.....................................             306.2           1,152.0           1,309.9            2,505.3      6.7    13.4    11.9       10.8
1977.....................................             330.9           1,270.3           1,470.4            2,826.6      8.1    10.3    12.3       12.8
1978.....................................             357.3           1,366.0           1,644.5            3,211.2      8.0     7.5    11.8       13.8
1979.....................................             381.8           1,473.7           1,808.7            3,603.0      6.9     7.9    10.0       12.2

1980.....................................             408.5           1,599.8           1,995.5            3,953.5      7.0     8.6    10.3        9.5
1981.....................................             436.7           1,755.4           2,254.5            4,361.7      6.9     9.7    13.0       10.4
1982.....................................             474.8           1,910.3           2,460.6            4,783.4      8.7     8.8     9.1       10.1
1983.....................................             521.4           2,126.5           2,697.4            5,359.2      9.8    11.3     9.6       12.0
1984.....................................             551.6           2,310.0           2,990.6            6,146.2      5.8     8.6    10.9       14.8
1985.....................................             619.8           2,495.7           3,208.1            7,127.3     12.4     8.0     7.3       15.7
1986.....................................             724.7           2,732.3           3,499.1            7,970.6     16.9     9.5     9.1       11.9
1987.....................................             750.2           2,831.5           3,686.5            8,673.9      3.5     3.6     5.4        9.0
1988.....................................             786.7           2,994.5           3,928.8            9,458.1      4.9     5.8     6.6        9.1
1989.....................................             792.9           3,158.5           4,077.1           10,162.1       .8     5.5     3.8        7.3

1990.....................................             824.7           3,278.8           4,154.7           10,845.2      4.0     3.8     1.9        6.5
1991.....................................             897.1           3,379.7           4,210.3           11,306.2      8.8     3.1     1.3        4.3
1992.....................................           1,025.0           3,433.1           4,222.6           11,821.9     14.3     1.6      .3        4.5
1993.....................................           1,129.7           3,484.3           4,285.6           12,400.4     10.2     1.5     1.5        4.8
1994.....................................           1,150.3           3,497.6           4,369.8           12,975.4      1.8      .4     2.0        4.6
1995.....................................           1,126.8           3,640.6           4,636.3           13,656.6     -2.0     4.1     6.1        5.3
1996.....................................           1,080.0           3,815.3           4,985.5           14,368.4     -4.2     4.8     7.5        5.2
1997.....................................           1,072.2           4,031.7           5,460.9           15,129.1      -.7     5.7     9.5        5.3
1998.....................................           1,094.9           4,383.7           6,051.9           16,149.9      2.1     8.7    10.8        6.7
1999 ....................................           1,123.1           4,648.7           6,551.5           17,215.3      2.6     6.0     8.3        6.4

2000.....................................           1,087.6           4,931.3           7,117.6           18,051.6     -3.2     6.1     8.6        4.8
2001 ....................................           1,182.1           5,450.3           8,035.0           19,146.8      8.7    10.5    12.9        6.1
2002 ....................................           1,219.2           5,800.3           8,569.2           20,465.9      3.1     6.4     6.6        6.9
2003 ....................................           1,304.2           6,079.4           8,874.0           22,149.6      7.0     4.8     3.6        8.1
2004 ....................................           1,372.1           6,422.1           9,435.8           24,090.5      5.2     5.6     6.3        8.7
2005 ....................................           1,368.9           6,680.5          10,169.3   .................     -.2     4.0     7.8  .........

2004: Jan..................................           1,306.0           6,088.3           8,931.9   .................     2.4      .5      .9  .........
Feb..................................           1,319.9           6,132.1           9,002.0   .................     3.9      .4     1.8  .........
Mar..................................           1,329.6           6,173.0           9,082.4           22,658.2      5.1     2.4     3.9        9.2
Apr..................................           1,339.4           6,216.9           9,151.4   .................     6.5     4.3     5.7  .........
May..................................           1,336.5           6,280.6           9,245.6   .................     6.1     6.6     8.2  .........
June.................................           1,341.2           6,288.8           9,277.6           23,083.4      5.7     6.9     9.1        7.5
July.................................           1,343.5           6,295.4           9,284.6   .................     5.7     6.8     7.9  .........
Aug..................................           1,354.1           6,317.3           9,316.3   .................     5.2     6.0     7.0  .........
Sept.................................           1,360.5           6,346.9           9,353.8           23,578.9      4.6     5.6     6.0        8.3
Oct..................................           1,360.8           6,369.2           9,361.4   .................     3.2     4.9     4.6  .........
Nov..................................           1,374.1           6,404.0           9,397.5   .................     5.6     3.9     3.3  .........
Dec..................................           1,372.1           6,422.1           9,435.8           24,090.5      4.6     4.2     3.4        8.7

2005: Jan..................................           1,367.0           6,436.4           9,492.1   .................     3.5     4.5     4.5  .........
Feb..................................           1,369.5           6,455.7           9,536.5   .................     2.3     4.4     4.7  .........
Mar..................................           1,373.0           6,475.8           9,570.2           24,668.4      1.8     4.1     4.6        9.6
Apr..................................           1,365.7           6,482.7           9,625.6   .................      .7     3.6     5.6  .........
May..................................           1,370.7           6,492.1           9,669.6   .................     -.5     2.8     5.8  .........
June.................................           1,369.5           6,518.3           9,729.2           25,168.0      -.4     3.0     6.2        8.1
July.................................           1,362.5           6,538.5           9,766.0   .................     -.7     3.2     5.8  .........
Aug..................................           1,370.4           6,568.9           9,868.8   .................      .1     3.5     7.0  .........
Sept.................................           1,367.4           6,600.0           9,955.7           25,742.1      -.8     3.8     8.1        9.1
Oct..................................           1,369.2           6,629.6          10,037.7   .................      .5     4.5     8.6  .........
Nov .................................           1,370.0           6,652.0          10,088.3   .................     -.1     4.9     8.7  .........
Dec .................................           1,368.9           6,680.5          10,169.3   .................     -.1     5.0     9.0  .........
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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.

Source: Board of Governors of the Federal Reserve System.