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M2 and MZM

Billions of dollars

M2 minus small-denomination time deposits, plus institutional money market mutual funds (that is, those included in M3 but excluded from M2). The label MZM was coined by William Poole (1991); the aggregate itself was proposed earlier by Motley (1988). M2: M1 plus savings deposits (including money market deposit accounts) and small-denomination (under $100,000) time deposits issued by financial institutions; and shares in retail money market mutual funds (funds with initial investments under $50,000), net of retirement accounts.
Adjusted Monetary Base

Seasonally Adjusted

Adjusted Monetary Base: The sum of currency in circulation outside Federal Reserve Banks and the U.S. Treasury, deposits of depository financial institutions at Federal Reserve Banks, and an adjustment for the effects of changes in statutory reserve requirements on the quantity of base money held by depositories. This series is a spliced chain index; see Anderson and Rasche (1996a,b, 2001, 2003).
Primary Credit Rate, Discount Rate, and Intended Federal Funds Rate shown in the chart Reserve Market Rates are plotted as of the date of the change, while the Effective Federal Funds Rate is plotted as of the end of the month. Interest rates in the table are monthly averages from the Board of Governors H.15 Statistical Release.

Treasury Yield Curve

Percent, Weekly Ending Friday

The Treasury Yield Curve shows constant maturity yields calculated by the U.S. Treasury for securities 5, 7, 10,and 20 years to maturity.

Real Treasury Yield Curve

Percent

The Treasury Yield Curve shows constant maturity yields calculated by the U.S. Treasury for securities 5, 7, 10,and 20 years to maturity.

Inflation-Indexed Treasury Yield Spreads

Percent

Inflation-Indexed Treasury Yield Spreads are a measure of inflation compensation at those horizons, and it is simply the nominal constant maturity yield less the real constant maturity yield. Daily data and descriptions are available at fred.stlouisfed.org. See also Statistical Supplement to the Federal Reserve Bulletin , table 1.35. The 30-year constant maturity series was discontinued by the Treasury as of February 18, 2002.


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