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Authorized for public release by the FOMC Secretariat on 2/3/2021

NOTE

The attached charts are being distributed
in response to a suggestion made at the February FOMC
meeting.

March 17, 1975

Authorized for public release by the FOMC Secretariat on 2/3/2021
CONFIDENTIAL (FR)
CLASS I-FOMC

MONEY SUPPLY - M 1 - AND LONGER-RUN GROWTH RATES
RATIO SCALE, BILLIONS OF DOLLARS

-

285

4% growth

275

265

A

M

J

J

A

S

O

19744
Base for trend lines: December, 1973-January, 1974 average.

N

D

J

F

M

A

M
1975

J

J

A

Authorized for public release by the FOMC Secretariat on 2/3/2021
CONFIDENTIAL (FR)
CLASS I-FOMC

MONEY SUPPLY - M 2 - AND LONGER-RUN GROWTH RATES
RATIO SCALE, BILLIONS OF DOLLARS

640

J

F

M

A

M

J
J
1974

A

S

O

Base for trend lines: December, 1973-January, 1974 average.

N

D

J

F

M

A

M
1975

J

J

A

S