Federal Reserve Economic Data: Your trusted data source since 1991

Demand Deposits (DEMDEPNS)


Jul 2023: 4,948.3 (+ more)   Updated: Aug 22, 2023
Jul 2023:  4,948.3  
Jun 2023:  4,973.6  
May 2023:  4,978.4  
Apr 2023:  4,986.6  
Mar 2023:  5,078.2  
View All


Billions of Dollars,
Not Seasonally Adjusted




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


The demand deposits component of M1 is defined as total demand deposits at commercial banks and foreign related institutions other than those due to the U.S. government, U.S. and foreign depository institutions, and foreign official institutions. In order to avoid double counting those deposits that are simultaneously on the books of two depository institutions, the demand deposit component of M1 excludes cash items in the process of collection (CIPC) and Federal Reserve float. Demand deposits due to depository institutions in the United States and the U.S. government, as well as other demand deposits and CIPC are reported on the FR 2900 and, for institutions that do not file the FR 2900, are estimated using data reported on the Call Reports. Demand deposits held by foreign banks and foreign official institutions are estimated using data reported on the Call Reports. Federal Reserve float is obtained from the consolidated balance sheet of the Federal Reserve Banks, which is published each week in the Federal Reserve Board's H.4.1 statistical release.

Suggested Citation:

Board of Governors of the Federal Reserve System (US), Demand Deposits [DEMDEPNS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DEMDEPNS, September 24, 2023.

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