[Economic Indicators May, 2008]
[Page Number 26]
[From the U.S. Government Publishing Office, www.gpo.gov]
MONEY, CREDIT, AND SECURITY MARKETS
MONEY STOCK AND DEBT MEASURES
In April, M2 rose.
_____________________________________________________________________
______________________________________________________________________
[Averages of daily figures, except debt end-of-period basis; billions of dollars, seasonally adjusted]
--------------------------------------------------------------------------------------------------------------------------------------------------------
M1 M2 Debt Percent change
-----------------------------------------------------------------------------------------
Sum of currency, From year or 6 From
demand deposits, M1 plus retail MMMF months earlier previous
Period travelers balances, savings Debt of domestic \2\ period \3\
checks, and deposits (including nonfinancial -------------------------------
other checkable MMDAs), and small sectors \1\
deposits (OCDs) time deposits M1 M2 Debt
--------------------------------------------------------------------------------------------------------------------------------------------------------
1998:Dec ..................................................... 1,095.5 4,379.6 r 16,189.0 2.1 8.6 6.7
1999:Dec ..................................................... 1,122.5 4,636.8 r 17,251.3 2.5 5.9 6.3
2000:Dec ..................................................... 1,087.4 4,918.3 r 18,101.3 -3.1 6.1 4.9
2001:Dec ..................................................... 1,181.9 5,429.7 r 19,228.6 8.7 10.4 6.3
2002:Dec ..................................................... 1,219.7 5,775.6 r 20,627.2 3.2 6.4 7.3
2003:Dec ..................................................... 1,306.1 6,068.1 r 22,327.3 7.1 5.1 8.1
2004:Dec ..................................................... 1,376.3 6,418.8 r 24,299.8 5.4 5.8 8.8
2005:Dec ..................................................... 1,374.5 6,689.1 r 26,547.1 -.1 4.2 9.2
2006:Dec ..................................................... 1,366.5 7,031.9 r 28,876.2 -.6 5.1 r 8.8
2007:Dec ..................................................... 1,366.3 r 7,428.0 r 31,249.3 .0 5.6 r 8.2
2007:Apr ..................................................... 1,377.2 7,206.8 ................. 1.4 7.3 ............
May .................................................... 1,374.8 7,227.0 ................. .6 6.8 ............
June ................................................... 1,365.4 7,243.6 r 29,984.8 -.2 6.0 7.1
July ................................................... 1,368.0 7,267.5 ................. -.6 5.2 ............
Aug .................................................... 1,369.5 7,319.2 ................. .4 5.9 ............
Sept ................................................... 1,366.1 7,346.5 r 30,670.4 -.5 5.2 r 9.1
Oct .................................................... 1,369.2 7,369.7 ................. -1.2 4.5 ............
Nov .................................................... 1,365.7 7,398.0 ................. -1.3 4.7 ............
Dec .................................................... 1,366.3 r 7,428.0 r 31,249.3 .1 5.1 r 7.5
2008:Jan ..................................................... 1,367.0 7,477.4 ................. -.1 5.8 ............
Feb .................................................... 1,370.3 r 7,581.9 ................. .1 7.2 ............
Mar .................................................... 1,372.0 7,661.6 31,758.4 .9 8.6 6.5
Apr .................................................... 1,367.7 7,676.7 ................. -.2 8.3 ............
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\ Quarterly data; shown in
last month of quarter. End-of-year
data are for fourth quarter.
Consists of outstanding credit
market debt of the U.S. Government,
State and local governments, and
private nonfinancial sectors; data
from flow of funds accounts.
\2\ Annual changes are from
December to December and 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 an annual rate.
Note.--The Federal Reserve
previously announced that the M3
monetary aggregate and most of its
components would no longer be
published. Institutional money
market mutual funds will continue to
be published as a memorandum item in
the H.6 release, and the component
on large-denomination time deposits
will be published in other Federal
Reserve Board releases. For details,
see H.6 release of March 23, 2006.
See p. 27 for components.
Source: Board of Governors of
the Federal Reserve System.