S.D.
IMO ... to lose THREE pounds in a month at the age of 5 months ... seems like it should be a concern - seems like a lot of weight. Fluctating a pound or two or loosing weight once they're more mobile .. I can see that .. but not 3 at 5 months .. again ... Just My Opinion! Since your ped isn't concerned then that's great. :-)
Here's some information from Dr. Greene's website .....
<<<It all starts fairly simply; most healthy formula-fed newborns take 2 or 3 ounces of formula per feeding, and eat every 3 or 4 hours. By one month of age, most have increased on their own to about 4 ounces every 4 hours. By six months, the amount at each feeding has increased to 6 or 8 ounces, but the frequency has dropped to 4 or 5 times a day. By timing these larger feedings while you are awake, your baby won’t need to eat in the middle of the night.
Another way to express this rule of thumb is that the average baby takes 2 or 3 ounces of formula each day for every pound of body weight, up to a maximum of 32 ounces. A newborn weighing 7 lbs. will take an average of 14-21 ounces of formula in a day. A 4-month-old weighing 14 pounds needs 28-32 ounces.
Nevertheless, these are general guidelines. In real life, this may vary quite a bit from day to day and from baby to baby. It’s best to remain flexible and to let your baby’s appetite guide the amount. You don’t need to coax him to finish a bottle, or stop him if he still acts hungry. If your baby consistently chooses to take more or less than the expected amount, discuss this with your pediatrician.>>>>