Changes in the U.S. money supply during the week ending September 16 as reported by the Federal Reserve:

  • Total currency in circulation was $1.1446 trillion, up 0.16% from $1.1428 trillion the week prior.
  • Total M1 in circulation was $2.5537 trillion, down 0.11% from $2.5565 trillion the week prior.
  • Total M2 in circulation was $10.7937 trillion, up 0.04% from $10.7897 trillion the week prior.


M2 is now up 6.3% from a year ago.

US M2 Week Ending September 16 2013 600x375 U.S. M2 Increases 0.04% W/W

Where U.S. inflation measures currently stand:

US Inflation Measures September 26 2013 600x375 U.S. M2 Increases 0.04% 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.