[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] -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 1,330.1 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 ......... -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.