Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

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Line 1 - Monetary Base: Total/1000
Line 1
(a) 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>

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    Line 1 - Monetary Base: Total/1000
    Line 2
    (a) M1, Billions of Dollars, Seasonally Adjusted (M1SL)
    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>

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    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:
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      Line 1 - Monetary Base: Total/1000
      Line 3
      (a) M2, Billions of Dollars, Seasonally Adjusted (M2SL)
      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:
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      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

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        Line 1
        Monetary Base: Total/1000
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        Line 2
        M1
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        Line 3
        M2
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        Notes

        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, March 31, 2025.

        M1  (M1SL)

        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, 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 [M1SL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M1SL, March 31, 2025.

        M2  (M2SL)

        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.

        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), M2 [M2SL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2SL, March 31, 2025.

        Release Tables

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

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        M1

        Monthly, Not Seasonally Adjusted Weekly, Not Seasonally Adjusted

        M2

        Monthly, Not Seasonally Adjusted Weekly, Not Seasonally Adjusted

        Related Categories

        Monetary Base Monetary Data Money, Banking, & Finance M1 and Components M2 and Components

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        More Series from H.6 Money Stock Measures

        Tags

        Monetary Base H.6 Money Stock Measures Board of Governors Monthly Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America M1 Money Stock Monetary Aggregates Seasonally Adjusted M2 Money Stock

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