Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

FRED Graph

1Y5Y10YMax
to
Date:
Line 1 - (M1*1000)/Monetary Base: Total
Line 1
(a) M1, Billions of Dollars, Not Seasonally Adjusted (M1NS)
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/).</p>

Select a date that will equal 100 for your custom index:
  Enter date as YYYY-MM-DD
(b) Monetary Base: Total, Billions of Dollars, Not Seasonally Adjusted (BOGMBASE)
H.6 Technical Q&As (https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm) posted on August 20, 2020. The monetary base equals currency in circulation plus reserve balances. 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/).</p>

Select a date that will equal 100 for your custom index:
  Enter date as YYYY-MM-DD
to

Write a custom formula to transform one or more series or combine two or more series.

You can begin by adding a series to combine with your existing series.

Type keywords to search for data

    Now create a custom formula to combine or transform the series.

    For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

    Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

    Finally, you can change the units of your new series.

    Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD

    Line 1 - (M1*1000)/Monetary Base: Total
    Line 2
    (a) M1 Money Multiplier (DISCONTINUED), Ratio, Seasonally Adjusted (MULT)
    Updates of this series will be ceased on December 19, 2019. There is no direct replacement to this seasonally adjusted series. Interested users can construct a proxy of the series as the ratio of M1 from the H.6 release and the monetary base from the H.3 release. The discontinued series plotted on the same graph with the calculated data can be accessed for comparison here (https://fred.stlouisfed.org/graph/?g=wroO). For more details, see the FRED Announcement (https://news.research.stlouisfed.org/2019/12/discontinuance-of-st-louis-monetary-base-and-reserves-data/).

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

      ADDLINE
      Type keywords to search for data
      Create user-defined line
      You can customize a graph by adding a straight line between two data points.
      FORMAT GRAPH
      Details
      Display
      Customize
      Frame
      Plot area
      Text

      Line 1
      (M1*1000)/Monetary Base: Total
      Line details & color

      Line style, thickness, color and position


      Line 2
      M1 Money Multiplier (DISCONTINUED)
      Line details & color

      Line style, thickness, color and position



      Fullscreen

      Notes

      M1  (M1NS)

      Source: Board of Governors of the Federal Reserve System (US)  

      Release: H.6 Money Stock Measures  

      Units:  Billions of Dollars, Not Seasonally Adjusted

      Frequency:  Monthly

      Notes:

      Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions.

      Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of OCDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately.

      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 and Technical Q&As posted on December 17, 2020.

      For questions on the data, please contact the data source. For questions on FRED functionality, please contact us here.

      Suggested Citation:

      Board of Governors of the Federal Reserve System (US), M1 [M1NS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M1NS, April 5, 2025.

      Monetary Base: Total  (BOGMBASE)

      Source: Board of Governors of the Federal Reserve System (US)  

      Release: H.6 Money Stock Measures  

      Units:  Billions of Dollars, Not Seasonally Adjusted

      Frequency:  Monthly

      Notes:

      The Board of Governors consolidated this series onto the H.6 statistical release, "Money Stock Measures", after the H.3 statistical release was discontinued. For more information on the consolidated H.6 release, see the H.6 Technical Q&As posted on August 20, 2020.

      The monetary base equals currency in circulation plus reserve balances.

      For questions on the data, please contact the data source. For questions on FRED functionality, please contact us here.

      Suggested Citation:

      Board of Governors of the Federal Reserve System (US), Monetary Base: Total [BOGMBASE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/BOGMBASE, April 5, 2025.

      M1 Money Multiplier (DISCONTINUED)  (MULT)

      Source: Federal Reserve Bank of St. Louis  

      Release: St. Louis Bi-Weekly Reserves and Monetary Base  

      Units:  Ratio, Seasonally Adjusted

      Frequency:  Biweekly, Ending Wednesday

      Notes:

      Updates of this series will be ceased on December 19, 2019. There is no direct replacement to this seasonally adjusted series. Interested users can construct a proxy of the series as the ratio of M1 from the H.6 release and the monetary base from the H.3 release. The discontinued series plotted on the same graph with the calculated data can be accessed for comparison here.
      For more details, see the FRED Announcement.

      Suggested Citation:

      Federal Reserve Bank of St. Louis, M1 Money Multiplier (DISCONTINUED) [MULT], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MULT, April 5, 2025.

      Release Tables

      H.6 Money Stock Measures
      H.6 Money Stock Measures

      Related Data and Content

      Data Suggestions Based On Your Search

      Content Suggestions

      Other Formats

      M1

      Monthly, Seasonally Adjusted Weekly, Not Seasonally Adjusted

      M1 Money Multiplier (DISCONTINUED)

      Biweekly, Seasonally Adjusted

      Related Categories

      M1 and Components Monetary Data Money, Banking, & Finance Monetary Base

      Releases

      More Series from H.6 Money Stock Measures More Series from St. Louis Bi-Weekly Reserves and Monetary Base

      Tags

      M1 Money Stock H.6 Money Stock Measures Monetary Aggregates Board of Governors Monthly Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America Monetary Base Multiplier Biweekly Discontinued St. Louis Fed Copyrighted: Citation Required Seasonally Adjusted

      Need Help?

      Questions or Comments
      FRED Help

      Subscribe to the FRED newsletter

      Follow us

      Back to Top
      Color format