US Money Supply M1 and M2
US money supply M1 and M2, monetary base, and commercial loans monthly from the Federal Reserve.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| M1 Money Supply | +6.1% | +5.8% | +5.6% | +5.6% | +4.7% | +4.6% | +4.6% | +3.9% | +3.8% | +3.6% | +4.2% | +4.1% | +4.1% | +4.2% | +3.9% | +3.5% | +3.5% | +2.8% | +2.7% | +2.6% | +2.3% | +1.9% | +0.9% | 0.0% | −0.9% | −1.8% | −2.2% | −3.0% | −3.5% | −5.0% | −7.2% | −8.1% | −8.9% | −9.8% | −10.2% | −10.5% | −10.8% | |
| M2 Money Supply | +5.7% | +5.4% | +5.3% | +5.4% | +4.5% | +4.4% | +4.6% | +4.1% | +4.0% | +3.8% | +4.3% | +4.2% | +4.3% | +4.4% | +4.1% | +3.9% | +3.9% | +3.4% | +3.3% | +3.4% | +3.4% | +3.4% | +2.9% | +2.5% | +2.0% | +1.5% | +1.3% | +0.9% | +1.0% | +0.1% | −1.5% | −2.1% | −2.4% | −3.1% | −3.4% | −3.7% | −4.0% | |
| Monetary Base2 | −4.8% | −3.8% | −4.5% | −1.9% | −4.6% | −5.5% | −4.0% | −3.8% | −4.1% | −5.6% | −3.7% | −2.0% | +0.3% | +1.5% | +0.3% | −1.3% | −0.7% | −1.8% | −4.8% | −3.9% | −3.8% | −2.0% | −0.6% | +0.4% | +2.0% | +2.5% | +2.2% | +2.8% | +3.2% | +5.6% | +10.8% | +9.7% | +7.8% | +5.8% | +4.9% | +2.9% | −0.4% | |
| Currency in Circulation | +3.0% | +3.0% | +3.2% | +3.1% | +3.2% | +3.2% | +3.4% | +3.3% | +2.9% | +2.7% | +2.6% | +2.5% | +2.4% | +2.1% | +1.7% | +1.6% | +1.4% | +1.2% | +1.0% | +0.9% | +1.2% | +1.3% | +1.3% | +1.0% | +0.7% | +0.5% | +0.4% | +0.6% | +0.9% | +1.1% | +1.3% | +1.6% | +1.6% | +1.5% | +1.8% | +2.1% | +2.4% | |
| Bank Reserves at the FED | −10.5% | −8.6% | −10.0% | −5.6% | −10.0% | −11.5% | −9.3% | −8.8% | −9.2% | −11.6% | −8.3% | −5.2% | −1.2% | +1.2% | −0.7% | −3.4% | −2.2% | −3.8% | −8.6% | −7.2% | −7.2% | −4.3% | −2.0% | −0.1% | +2.9% | +3.9% | +3.5% | +4.3% | +4.9% | +8.7% | +18.1% | +15.7% | +12.4% | +8.9% | +7.2% | +3.5% | −2.4% | |
| Commercial and Industrial Loans Outstanding | +9.8% | +8.7% | +8.4% | +8.0% | +7.5% | +5.7% | +4.2% | +2.6% | −2.2% | −3.3% | −3.4% | −3.1% | −3.0% | −3.2% | −3.0% | −3.0% | −3.0% | −2.8% | −3.4% | −3.4% | +0.3% | +1.0% | +0.5% | +0.6% | +0.3% | +0.1% | +0.3% | −0.3% | −0.9% | −1.7% | −1.4% | −1.8% | −1.3% | −0.9% | 0.0% | +0.5% | +1.3% |
Latest reading
M2 Money Supply stood at 23,342.8 USD billion in Aug 2026. That is +0.5% from Jul 2026 and +5.7% from a year earlier. The series on this page is monthly and runs from Jan 1959 to Aug 2026. Source: FRED (Federal Reserve Bank of St. Louis).
- vs a year earlier
- +5.7%
- Aug 2026
- vs previous period
- +0.5%
- Jul 2026
- Latest
- 23,342.8 USD billion
- Aug 2026
About this data
US money supply M1 and M2, monetary base, and commercial loans monthly from the Federal Reserve. Tracks currency in circulation, bank reserves at the Fed, and total credit creation across the United States banking sector. Figures date back to 1947, provided by the Federal Reserve Bank of St. Louis.
Frequently asked questions
- What does the US money supply M1 and M2 table measure?
- It measures the total stock of liquid assets in the United States economy. M1 includes currency and checkable deposits, while M2 adds savings deposits, small time deposits, and retail money market funds.
- How often is the US money supply data published and how far back does it go?
- The data is published monthly by the Federal Reserve and historical series begin in 1947, providing a multi-decade view of United States monetary conditions.
- What breakdowns and components are included in the monetary base?
- The monetary base is broken down into currency in circulation outside the non-bank public and reserve balances held by commercial banks at the Federal Reserve.
- How do M1 and M2 differ from each other?
- M1 represents the most liquid forms of money available for immediate transactions, whereas M2 encompasses M1 plus near-money assets that can be quickly converted into cash.
