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.
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, September 22, 2021.
Release: H.6 Money Stock Measures
This weekly series is discontinued and will no longer be updated. The non-seasonally adjusted version of this weekly series is WM2NS, and the seasonally adjusted monthly series is M2SL.
Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided. For further information about the changes to the H.6 Statistical Release, see the announcements provided by the source.
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.
Board of Governors of the Federal Reserve System (US), M2 Money Stock (DISCONTINUED) [M2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2, September 22, 2021.
Source: U.S. Bureau of Economic Analysis
Release: Gross Domestic Product
BEA Account Code: A191RC
Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by labor and property located in the United States.For more information, see the Guide to the National Income and Product Accounts of the United States (NIPA) and the Bureau of Economic Analysis.
U.S. Bureau of Economic Analysis, Gross Domestic Product [GDP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GDP, September 22, 2021.
Release: H.6 Money Stock Measures
The Board of Governors consolidated this series onto the Statistical Release H.6, "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.
The series equals total balances maintained plus currency in circulation.
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, September 22, 2021.