The annual rate of growth of marketable instruments declined to 8.9% in May, from 12.7% in April. This development was due, in particular, to the reversal of the exceptionally strong short-term dynamics in debt securities with a maturity of up to two years in the previous month. For these instruments the annual rate of change declined to -10.9% in May, from 11.1% in April. The annual growth rate of repurchase agreements declined as well (to 2.8%, from 5.6% in April), while the rate of change of money market fund shares and units increased to 17.6% in May, from 16.7% in the previous month. 参看原文 （PDF格式文件） ……
More summaries about the 2003年7月月度报告(7)