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M2 (WM2NS)

Observations

2025-03-03: 21,740.2
Updated: Mar 25, 2025 12:01 PM CDT
2025-03-03:  21,740.2  
2025-02-24:  21,610.4  
2025-02-17:  21,608.2  
2025-02-10:  21,576.8  
2025-02-03:  21,576.1  

Units:

Billions of Dollars,
Not Seasonally Adjusted

Frequency:

Weekly,
Ending Monday

Fullscreen

Notes

Title Release Dates
M2 Money Stock 2002-10-31 2021-02-22
M2 2021-02-23 2025-03-25
 
Source    
Board of Governors of the Federal Reserve System (US) 2002-10-31 2025-03-25
 
Release    
H.6 Money Stock Measures 2002-10-31 2025-03-25
 
Units    
Billions of Dollars 2002-10-31 2025-03-25
 
Frequency    
Weekly, Ending Monday 2002-10-31 2025-03-25
 
Seasonal Adjustment    
Not Seasonally Adjusted 2002-10-31 2025-03-25
 
Notes    
M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs).

2002-10-31 2021-02-22
Before May 2020, M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs.

Beginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions; and (2) balances in retail MMFs less IRA and Keogh balances at MMFs. Seasonally adjusted M2 is constructed by summing savings deposits (before May 2020), small-denomination time deposits, and retail MMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

For more information on the H.6 release changes and the regulatory amendment that led to the creation of the other liquid deposits component and its inclusion in the M1 monetary aggregate, see the H.6 announcements (https://www.federalreserve.gov/feeds/h6.html) and Technical Q&As (https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm) posted on December 17, 2020.

2021-02-23 2024-09-23
announcements (https://www.federalreserve.gov/feeds/h6.html) and Technical Q&As (https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm) posted on December 17, 2020.

For questions on the data, please contact the data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h6/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).

2024-09-24 2025-03-25

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M2 Money Stock H.6 Money Stock Measures Monetary Aggregates Weekly Board of Governors Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America