The M2 money supply in the United States decreased monthly between July 2022 and April 2023, after a period of sharp increase starting in February 2020. The unusually sharp increase in 2020 and 2021 was a result of the Federal Reserve's quantitative easing in response to the COVID-19 pandemic. The M1 money supply went through an even sharper increase during the same period. As of June 2023, the value of M2 money supply in the United States amounted to roughly 20.9 trillion U.S. dollars.
Monthly value of M2 money stock in the United States from January 2002 to June 2023
(in billion U.S. dollars)
Characteristic
Money supply in billion U.S. dollars
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The source adds the following information: M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: savings deposits (which include money market deposit accounts, or MMDAs); small-denomination time deposits (time deposits in amounts of less than 100,000 U.S. dollars); and balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
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Federal Reserve. (July 26, 2023). Monthly value of M2 money stock in the United States from January 2002 to June 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/
Federal Reserve. "Monthly value of M2 money stock in the United States from January 2002 to June 2023 (in billion U.S. dollars)." Chart. July 26, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/
Federal Reserve. (2023). Monthly value of M2 money stock in the United States from January 2002 to June 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/
Federal Reserve. "Monthly Value of M2 Money Stock in The United States from January 2002 to June 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 Jul 2023, https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/
Federal Reserve, Monthly value of M2 money stock in the United States from January 2002 to June 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/ (last visited July 22, 2024)
Monthly value of M2 money stock in the United States from January 2002 to June 2023 (in billion U.S. dollars) [Graph], Federal Reserve, July 26, 2023. [Online]. Available: https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/