1.21 MONEY STOCK MEASURES¹

Billions of dollars, averages of daily figures

Item	2004 Dec	2005 Dec	2006 Dec		2007 Dec		2008
							Feb	Mar	Apr	May
Measures^2 1 M1………………………………………………. 2 M2………………………………………………. 3 M3………………………………………………. M1 components 4 Currency^3……………………………………….. 5 Travelers checks^4………………………………… 6 Demand deposits^5…………….............................. 7 Other checkable deposits^6………………………. Nontransaction components 8 In M2^7…………………………………………… 9 In M3 only^8……………………………………… Commercial banks 10 Savings deposits, including MMDAs………….. 11 Small time deposits^9…………………………… 12 Large time deposits^10,11………………………… Thrift institutions 13 Savings deposits, including MMDAs………….. 14 Small time deposits^9……………………………. 15 Large time deposits^10…………………………… Money market mutual funds 16 Retail^12…………………………………………. 17 Institution-only………………………………… Repurchase agreements and Eurodollars 18 Repurchase agreements………………………… 19 Eurodollars……………………………………...	Seasonally adjusted
	1,376.3 6,419.4^r 9,433.0 697.6 7.5 343.2 328.0 5,043.0^r 3,011.1 2,631.0 551.2 909.3 887.3 278.8 161.5 694.7^r 1,085.2^r 492.6 379.1	1,374.5 6,689.9^r 10,154.0 723.9 7.2 324.9 318.5 5,315.5^r 3,478.5 2,771.5 644.9 1,122.9 849.9 351.3 230.7 697.8^r 1,149.5^f 564.3 423.9		1,366.5 7,032.3^r n.a. 748.9 6.7 305.9 305.0 5,665.7^r n.a. 2,904.0 759.2 n.a. 792.6^r 412.2^r n.a. 797.7^r 1,34.3^r n.a. n.a.		1,366.1 7,430.6 n.a. 758.7 6.3 294.9 306.2 6,064.5 n.a. 3,034.2 822.7 n.a. 853.2 395.8 n.a. 958.6 1,882.0 n.a. n.a.	1,372.5 7,586.1 n.a. 758.7 6.2 295.3 312.4 6,213.6^r n.a. 3,081.7 826.1^r n.a. 868.0 400.5 n.a. 1,037.4 2,071.1 n.a. n.a.	1,374.7 7,664.5 n.a. 761.8 6.2 297.0 309.7 6,289.8 n.a. 3,123.9 819.7 n.a. 883.9 396.1 n.a. 1066.1 2147.1 n.a. n.a.	1,370.7 7679.8^r n.a. 759.8 6.2 293.7 311.1 6309.0 n.a. 3126.4 813.5 n.a. 887.9 395.2^r n.a. 1086.0 2187.9 n.a. n.a.	1,367.1 7,688.2 n.a. 762.7 6.2 288.4 309.9 6,321.0 n.a. 3,138.0 810.6 n.a. 914.6 392.2 n.a. 1,065.7 2,221.6 n.a. n.a.