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Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of M2 Growth Rate, 1991-2007
Percent
Period Growth rate
1991 3.1117
1992 1.7701
1993 1.2654
1994 0.6621
1995 3.8543
1996 4.6110
1997 5.6037
1998 8.3412
1999 6.1076
2000 5.9629
2001 10.1861
2002 6.6916
2003 5.6368
2004 5.3615
2005 4.2162
2006 4.9405
2007 5.9461

Note: The data are annual on a fourth-quarter over fourth-quarter basis. M2 consists of currency, traveler's checks, demand deposits, other checkable deposits, savings deposits (including money market deposit accounts), small-denomination time deposits, and balances in retail money market funds.

Source: Federal Reserve Board, Statistical Release H.6, "Money Stock Measures."

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