The U.S. money supply was little changed during the week ending September 9, the Federal Reserve reports.

  • Total currency in circulation was $1.1428 trillion, up 0.20% from $1.1405 trillion the week prior.
  • Total M1 in circulation was $2.5564 trillion, down 0.80% from $2.5773 trillion the week prior.
  • Total M2 in circulation was $10.7796 trillion, a change of 0.00% from $10.7799 trillion the week prior.


M2 is now up 6.5% from a year ago.

US M2 Week Ending Spetember 9 2013 600x375 U.S. M2 Unchanged W/W

Where U.S. inflation measures currently stand:

US Inflation Measures September 19 2013 600x375 U.S. M2 Unchanged W/W

M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) traveler’s checks of nonbank issuers; (3) 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 (4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions.

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 mutual funds, less IRA and Keogh balances at money market mutual funds.