Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

M2 (M2SL)

Observations

Feb 2025: 3.9
Updated: Mar 25, 2025 12:01 PM CDT
Next Release Date: Apr 22, 2025
Feb 2025:  3.9  
Jan 2025:  3.9  
Dec 2024:  3.8  
Nov 2024:  3.7  
Oct 2024:  3.1  
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Units:

Percent Change from Year Ago,
Seasonally Adjusted

Frequency:

Monthly
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(a) M2, Billions of Dollars, Seasonally Adjusted (M2SL)

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    Notes

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

    Release: H.6 Money Stock Measures  

    Units:  Billions of Dollars, Seasonally Adjusted

    Frequency:  Monthly

    Notes:

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

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    Suggested Citation:

    Board of Governors of the Federal Reserve System (US), M2 [M2SL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2SL, April 5, 2025.

    Release Tables

    H.6 Money Stock Measures

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    Related Categories

    M2 and Components Monetary Data Money, Banking, & Finance

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    Tags

    M2 Money Stock H.6 Money Stock Measures Monetary Aggregates Board of Governors Seasonally Adjusted Monthly Nation Public Domain: Citation Requested United States of America

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