The U.S. money supply increased during the week ending September 2, the Federal Reserve reports.

  • Total currency in circulation was $1.1405 trillion, down 0.04% from $1.1409 trillion the week prior.
  • Total M1 in circulation was $2.5774 trillion, up 0.46% from $2.5655 trillion the week prior.
  • Total M2 in circulation was $10.7781 trillion, up 0.11% from $10.7900 trillion the week prior.

U.S. Money Supply

M2 is now up 6.6% from a year ago.

U.S. Money Supply M2

Inflation measures

Where U.S. inflation measures currently stand:

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.