Marginal URLs:
- p. 374: For Federal Reserve data concerning the latest trends in the monetary aggregates, go to http://www.federalreserve.gov/releases/, and click on "Money Stock Measures-H.6" under Money Stock and Reserve Balances.
- p. 380: To learn more from the Bank for International Settlements about worldwide banking developments, go to http://www.bis.org/forum/research.htm. Select "Annual Report."
Issues and Applications—Web Resources:
Economics on the Net:
What's Happened to the Money Supply?
Deposits at banks and other financial institutions make up a portion of the U.S. money supply. This exercise gives you the chance to see how changes in these deposits influence the Fed's measures of money.
Title: FRED (Federal Reserve Economic Data)
Navigation: Go to http://research.stlouisfed.org/fred2/categories/24/ to visit the Web page of the Federal Reserve Bank of Saint Louis.
Application
- Select the data series for Demand Deposits at Commercial Banks (Bil. of $; M), either seasonally adjusted or not. Scan through the data. Do you notice any recent trend? (Hint: Compare the growth in the figures before 1993 with their growth after 1993.) In addition, take a look at the data series for currency and for other transactions deposits. Do you observe similar recent trends in these series?
- Back up, and click on Ml Money Stock (Bil. of $; M), again, either seasonally adjusted or not. Does it show any change in pattern beginning around 1993?
