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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