Series ID: M2
Source(s): Board of Governors of the Federal Reserve System
Release: H.6 Money Stock Measures
Units: Billions of Dollars
Frequency: Weekly, Ending Monday
Seasonal Adjustment: Seasonally Adjusted
Observation Range: 2001-06-20 to 2011-06-20
Last Updated: 2011-07-01 6:53 AM CDT
M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) 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.
Original content Bob DeMarco, Look Beyond the Obvious