Federal Reserve Economic Data

FRED Economic Data, St. Louis FED

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Line 1 - M2 (DISCONTINUED)
Line 1
(a) M2 (DISCONTINUED), Billions of Dollars, Seasonally Adjusted (M2)
WM2NS (https://fred.stlouisfed.org/series/WM2NS), and the seasonally adjusted monthly series is M2SL (https://fred.stlouisfed.org/series/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 (https://www.federalreserve.gov/feeds/h6.html) 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 (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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    Line 1 - M2 (DISCONTINUED)
    Line 2
    (a) MZM Money Stock (DISCONTINUED), Billions of Dollars, Not Seasonally Adjusted (WMZMNS)
    This series has been discontinued and will no longer be updated. The institutional money market funds component (WIMFNS (https://fred.stlouisfed.org/series/WIMFNS)) used to calculate this series has been discontinued by the Board of Governors and is no longer available in the H.6 statistical release, Money Stock Measures. For further information about the changes to the H.6 statistical release, please see the announcements (https://www.federalreserve.gov/feeds/h6.html) provided by the source. M2 less small-denomination time deposits plus institutional money market funds. Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis.

    Select a date that will equal 100 for your custom index:
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    You can begin by adding a series to combine with your existing series.

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      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
      M2 (DISCONTINUED)
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      Line 2
      MZM Money Stock (DISCONTINUED)
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      Notes

      M2 (DISCONTINUED)  (M2)

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

      Release: H.6 Money Stock Measures  

      Units:  Billions of Dollars, Seasonally Adjusted

      Frequency:  Weekly, Ending Monday

      Notes:

      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.

      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 (DISCONTINUED) [M2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2, April 16, 2025.

      MZM Money Stock (DISCONTINUED)  (WMZMNS)

      Source: Federal Reserve Bank of St. Louis  

      Release: Money Zero Maturity (MZM)  

      Units:  Billions of Dollars, Not Seasonally Adjusted

      Frequency:  Weekly, Ending Monday

      Notes:

      This series has been discontinued and will no longer be updated. The institutional money market funds component (WIMFNS) used to calculate this series has been discontinued by the Board of Governors and is no longer available in the H.6 statistical release, Money Stock Measures.

      For further information about the changes to the H.6 statistical release, please see the announcements provided by the source.

      M2 less small-denomination time deposits plus institutional money market funds.
      Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis.

      Suggested Citation:

      Federal Reserve Bank of St. Louis, MZM Money Stock (DISCONTINUED) [WMZMNS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/WMZMNS, April 16, 2025.

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      Monthly, Not Seasonally Adjusted Monthly, Seasonally Adjusted Weekly, Seasonally Adjusted

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      M2 and Components Monetary Data Money, Banking, & Finance MZM

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      Tags

      M2 Money Stock H.6 Money Stock Measures Monetary Aggregates Weekly Discontinued Board of Governors Seasonally Adjusted Nation Public Domain: Citation Requested United States of America MZM Money Stock St. Louis Fed Copyrighted: Citation Required Not Seasonally Adjusted

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