U.S. M2 Money Supply
The broadest commonly cited measure of U.S. money — cash, checking and savings deposits, money market funds, and small time deposits. Sourced from the Federal Reserve's H.6 release, which publishes weekly.
Recent weekly observations
About this data
The chart above uses WM2NS — M2 measured weekly, not seasonally adjusted — the highest-frequency M2 series the Federal Reserve publishes. The Fed discontinued daily money supply figures decades ago; weekly is as granular as official data gets. Headline M2 figures quoted in the press are usually the monthly, seasonally adjusted series (M2SL), which this site also tracks and which the year-over-year card above is computed from.
M2 matters because it is the denominator behind every dollar you hold: when the money supply grows faster than the economy, each existing dollar becomes a smaller claim on total output. To see what that has meant for your own dollars, try the inflation calculator (prices) or the money supply calculator (dilution).
Data is retrieved from FRED, the Federal Reserve Bank of St. Louis data service. New H.6 data is generally released Tuesdays at 1:00 p.m. ET.