# Money Supply M2 Summary::A chart of the money supply (M2) from the St. Louis Fed. [[Money Growth (Log)]] Reference::[[Money Supply and Bank Reserves]] --- # References [[Shrinking Money Supply]] ]] Clipped from [M2 (M2NS) | FRED | St. Louis Fed](https://fred.stlouisfed.org/series/M2NS) at 2023-10-03. **Source:** [Board of Governors of the Federal Reserve System (US)](http://www.federalreserve.gov/)   **Release:** [H.6 Money Stock Measures](http://www.federalreserve.gov/releases/h6/)   **Units:**  Billions of Dollars, Not Seasonally Adjusted **Frequency:**  Monthly 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 [[Money Supply M1|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. #### Suggested Citation: Board of Governors of the Federal Reserve System (US), M2 [M2NS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M2NS, June 5, 2024. Combined: >I have attempted to insert the M1 component.. Beginning May 2020, M2 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. 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. # Money Supply M2 1 This graphic shows M2. The original note title conflicts with one already in the system. I need to find out if this graphic is also somewhere else, and act accordingly. ![[Money supply M2.png]] [[Money Supply M2]] [[money supply]] [The Shrinking Money Supply](obsidian://open?vault=Publications&file=Publications%2FThe%20Shrinking%20Money%20Supply)