[Economic Report of the President (2007)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-70.--Components of money stock measures, 1965-2006 [Averages of daily figures; billions of dollars, seasonally adjusted] ---------------------------------------------------------------------------------------------------------------- Other checkable deposits (OCDs) Nonbank ------------------------------------- Year and month Currency travelers Demand At checks deposits Total commercial At thrift banks institutions ---------------------------------------------------------------------------------------------------------------- December: 1965................................ 36.0 0.5 131.3 0.1 0.0 0.1 1966................................ 38.0 .6 133.4 .1 .0 .1 1967................................ 40.0 .6 142.5 .1 .0 .1 1968................................ 43.0 .7 153.6 .1 .0 .1 1969................................ 45.7 .8 157.3 .2 .0 .1 1970................................ 48.6 .9 164.7 .1 .0 .1 1971................................ 52.0 1.0 175.1 .2 .0 .2 1972................................ 56.2 1.2 191.6 .2 .0 .2 1973................................ 60.8 1.4 200.3 .3 .0 .3 1974................................ 67.0 1.7 205.1 .4 .2 .4 1975................................ 72.8 2.1 211.3 .9 .4 .5 1976................................ 79.5 2.6 221.5 2.7 1.3 1.4 1977................................ 87.4 2.9 236.4 4.2 1.8 2.3 1978................................ 96.0 3.3 249.5 8.5 5.3 3.1 1979................................ 104.8 3.5 256.6 16.8 12.7 4.2 1980................................ 115.3 3.9 261.2 28.1 20.8 7.3 1981................................ 122.5 4.1 231.4 78.7 63.0 15.6 1982................................ 132.5 4.1 234.1 104.1 80.5 23.6 1983................................ 146.2 4.7 238.5 132.1 97.3 34.8 1984................................ 156.1 5.0 243.4 147.1 104.7 42.4 1985................................ 167.8 5.6 266.9 179.5 124.7 54.9 1986................................ 180.4 6.1 302.9 235.2 161.0 74.2 1987................................ 196.7 6.6 287.7 259.2 178.2 81.0 1988................................ 212.0 7.0 287.1 280.6 192.5 88.1 1989................................ 222.3 6.9 278.5 285.1 197.4 87.7 1990................................ 246.5 7.7 276.8 293.7 208.7 84.9 1991................................ 267.1 7.7 289.6 332.5 241.6 90.8 1992................................ 292.2 8.2 339.9 384.5 280.8 103.7 1993................................ 321.6 8.0 385.4 414.7 302.6 112.1 1994................................ 354.0 8.6 383.6 404.2 297.4 106.8 1995................................ 372.2 9.0 389.0 356.6 249.0 107.7 1996................................ 394.1 8.8 401.7 275.5 171.9 103.6 1997................................ 424.5 8.4 393.8 245.5 148.4 97.1 1998................................ 459.8 8.5 376.9 249.6 143.9 105.7 1999 ............................... 517.8 8.6 353.3 243.2 139.7 103.6 2000................................ 531.2 8.3 309.9 238.3 133.1 105.2 2001 ............................... 581.1 8.0 335.5 257.4 142.0 115.5 2002 ............................... 626.3 7.8 306.1 279.3 154.2 125.1 2003................................ 662.7 7.7 325.4 309.7 175.0 134.7 2004................................ 697.9 7.6 342.5 327.4 186.6 140.8 2005 ............................... 724.5 7.2 324.1 317.5 180.1 137.4 2006 ............................... 749.9 6.7 306.0 303.1 176.2 127.0 2005: Jan............................. 699.0 7.5 335.6 323.4 184.1 139.4 Feb............................. 700.2 7.5 338.9 322.3 183.4 138.9 Mar............................. 702.1 7.5 340.2 321.9 183.1 138.8 Apr............................. 703.0 7.5 324.9 322.7 183.5 139.1 May............................. 704.4 7.5 332.7 322.9 183.8 139.1 June............................ 707.9 7.3 345.5 320.2 183.2 137.0 July............................ 710.4 7.3 331.5 319.4 182.3 137.2 Aug............................. 713.3 7.4 336.5 321.4 184.2 137.1 Sept............................ 717.1 7.3 334.1 320.9 182.9 138.0 Oct............................. 718.7 7.3 329.5 319.4 179.7 139.7 Nov............................. 721.3 7.2 327.3 320.1 180.9 139.3 Dec............................. 724.5 7.2 324.1 317.5 180.1 137.4 2006: Jan............................. 729.2 7.2 323.8 318.7 180.8 137.9 Feb............................. 732.8 7.1 318.7 316.6 179.2 137.4 Mar............................. 735.4 6.9 323.9 317.5 180.0 137.5 Apr............................. 737.7 6.9 318.6 316.9 179.8 137.1 May............................. 740.7 7.0 324.7 315.0 179.7 135.3 June............................ 740.2 7.0 317.7 310.7 177.7 133.0 July............................ 740.6 6.8 314.2 309.4 176.7 132.7 Aug............................. 741.8 6.8 315.4 307.5 175.5 131.9 Sept............................ 742.3 6.8 308.6 306.2 175.5 130.6 Oct............................. 744.5 6.8 311.9 306.0 177.7 128.3 Nov ............................ 747.5 6.8 312.6 303.6 176.9 126.8 Dec ............................ 749.9 6.7 306.0 303.1 176.2 127.0 ---------------------------------------------------------------------------------------------------------------- See next page for continuation of table. Table B-70.--Components of money stock measures, 1965-2006--Continued [Averages of daily figures; billions of dollars, seasonally adjusted] -------------------------------------------------------------------------------------------------------------------------------------------------------- Savings deposits \1\ Small-denomination time deposits --------------------------------------------------------\2\----------------- Retail Institutional Year and month At At money money funds Total commercial At thrift Total commercial At thrift funds \3\ banks institutions banks institutions -------------------------------------------------------------------------------------------------------------------------------------------------------- December: 1965.......................................... 256.9 92.4 164.5 34.5 26.7 7.8 0.0 0.0 1966.......................................... 253.1 89.9 163.3 55.0 38.7 16.3 .0 .0 1967.......................................... 263.7 94.1 169.6 77.8 50.7 27.1 .0 .0 1968.......................................... 268.9 96.1 172.8 100.5 63.5 37.1 .0 .0 1969.......................................... 263.7 93.8 169.8 120.4 71.6 48.8 .0 .0 1970.......................................... 261.0 98.6 162.3 151.2 79.3 71.9 .0 .0 1971.......................................... 292.2 112.8 179.4 189.7 94.7 95.1 .0 .0 1972.......................................... 321.4 124.8 196.6 231.6 108.2 123.5 .0 .0 1973.......................................... 326.8 128.0 198.7 265.8 116.8 149.0 .1 .0 1974.......................................... 338.6 136.8 201.8 287.9 123.1 164.8 1.4 .2 1975.......................................... 388.9 161.2 227.6 337.9 142.3 195.5 2.4 .5 1976.......................................... 453.2 201.8 251.4 390.7 155.5 235.2 1.8 .6 1977.......................................... 492.2 218.8 273.4 445.5 167.5 278.0 1.8 1.0 1978.......................................... 481.9 216.5 265.4 521.0 185.1 335.8 5.8 3.5 1979.......................................... 423.8 195.0 228.8 634.3 235.5 398.7 33.9 10.4 1980.......................................... 400.3 185.7 214.5 728.5 286.2 442.3 62.5 16.0 1981.......................................... 343.9 159.0 184.9 823.1 347.7 475.4 151.7 38.2 1982.......................................... 400.1 190.1 210.0 850.9 379.9 471.0 184.5 48.8 1983.......................................... 684.9 363.2 321.7 784.1 350.9 433.1 136.1 40.9 1984.......................................... 704.7 389.3 315.4 888.8 387.9 500.9 164.9 62.3 1985.......................................... 815.3 456.6 358.6 885.7 386.4 499.3 174.9 65.3 1986.......................................... 940.9 533.5 407.4 858.4 369.4 489.0 208.4 86.2 1987.......................................... 937.4 534.8 402.6 921.0 391.7 529.3 222.8 93.7 1988.......................................... 926.4 542.4 383.9 1,037.1 451.2 585.9 244.3 93.8 1989.......................................... 893.7 541.1 352.6 1,151.3 533.8 617.6 320.6 112.0 1990.......................................... 922.8 581.3 341.5 1,173.4 610.7 562.7 357.7 139.6 1991.......................................... 1,044.2 664.7 379.5 1,065.6 602.3 463.3 372.4 188.5 1992.......................................... 1,186.9 754.0 433.0 868.1 508.1 360.0 352.7 212.8 1993.......................................... 1,219.3 785.3 434.0 782.0 467.9 314.1 353.0 216.8 1994.......................................... 1,150.0 752.7 397.3 816.4 502.5 313.8 380.7 210.8 1995.......................................... 1,134.2 774.7 359.5 931.4 574.8 356.5 448.0 264.4 1996.......................................... 1,272.4 905.3 367.1 946.9 593.3 353.6 515.8 324.2 1997.......................................... 1,400.2 1,022.7 377.4 968.2 625.4 342.8 591.2 396.9 1998.......................................... 1,605.0 1,187.9 417.1 951.8 626.1 325.7 727.3 545.3 1999 ......................................... 1,740.5 1,288.8 451.7 954.3 634.8 319.6 823.3 643.2 2000......................................... 1,878.0 1,424.2 453.8 1,044.5 699.6 344.9 910.7 797.5 2001 ........................................ 2,312.9 1,739.5 573.4 974.7 635.0 339.7 960.6 1,206.9 2002 ........................................ 2,777.9 2,060.2 717.7 892.6 590.2 302.4 884.1 1,256.5 2003......................................... 3,168.9 2,337.5 831.4 810.2 536.7 273.5 777.4 1,123.5 2004 ........................................ 3,517.7 2,630.7 887.0 817.6 545.7 271.9 701.0 1,072.7 2005 ........................................ 3,618.8 2,769.6 849.3 974.7 634.9 339.8 702.7 1,139.4 2006 ........................................ 3,687.8 2,895.5 792.3 1,164.4 765.4 399.0 803.1 1,333.3 2005: Jan....................................... 3,520.1 2,634.1 885.9 829.6 552.9 276.8 699.9 1,066.5 Feb....................................... 3,529.6 2,648.0 881.6 842.0 560.5 281.5 696.4 1,060.5 Mar....................................... 3,536.7 2,660.1 876.6 855.4 570.7 284.7 693.8 1,056.3 Apr....................................... 3,541.4 2,673.9 867.5 870.2 579.0 291.2 696.5 1,063.9 May....................................... 3,534.2 2,663.8 870.4 887.0 589.6 297.4 692.6 1,064.3 June...................................... 3,537.1 2,669.7 867.4 902.1 599.4 302.7 689.0 1,074.9 July...................................... 3,558.7 2,695.2 863.5 915.8 609.3 306.5 689.2 1,086.8 Aug....................................... 3,571.4 2,704.3 867.1 929.6 617.6 312.0 687.1 1,096.7 Sept...................................... 3,586.2 2,725.1 861.0 942.2 625.6 316.6 692.1 1,112.8 Oct....................................... 3,601.4 2,741.3 860.1 951.3 621.7 329.6 697.5 1,125.3 Nov....................................... 3,605.4 2,748.9 856.5 962.7 626.7 336.0 700.6 1,128.2 Dec....................................... 3,618.8 2,769.6 849.3 974.7 634.9 339.8 702.7 1,139.4 2006: Jan....................................... 3,636.4 2,780.7 855.7 988.3 643.8 344.5 710.0 1,150.7 Feb....................................... 3,645.2 2,783.7 861.5 1,004.3 654.5 349.8 712.3 1,152.1 Mar....................................... 3,631.6 2,777.8 853.8 1,021.4 665.8 355.6 719.1 1,161.7 Apr....................................... 3,636.8 2,797.3 839.5 1,035.9 674.3 361.6 722.1 1,177.1 May....................................... 3,622.0 2,776.9 845.1 1,050.4 682.9 367.4 726.0 1,192.6 June...................................... 3,630.5 2,785.4 845.2 1,066.0 692.4 373.5 739.1 1,208.3 July...................................... 3,631.7 2,789.0 842.6 1,085.0 704.4 380.6 748.0 1,222.7 Aug....................................... 3,629.4 2,781.0 848.4 1,104.3 715.7 388.7 758.1 1,243.8 Sept...................................... 3,633.2 2,790.0 843.3 1,122.0 724.8 397.2 767.3 1,265.9 Oct....................................... 3,649.3 2,847.0 802.3 1,138.9 744.9 394.1 778.9 1,288.4 Nov....................................... 3,661.9 2,863.2 798.7 1,154.5 756.9 397.6 790.1 1,304.7 Dec ...................................... 3,687.8 2,895.5 792.3 1,164.4 765.4 399.0 803.1 1,333.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \1\ Savings deposits including money market deposits accounts (MMDAs); data prior to 1982 are savings deposits only. \2\ Small-denomination deposits are those issued in amounts of less than $100,000. \3\ Institutional money funds are not part of non-M1 M2. Note.--See also Table B-69. Source: Board of Governors of the Federal Reserve System.