The United States M2 money supply reached approximately 21.2 trillion U.S. dollars by September 2024, marking a gradual upward trend after a period of decline. This follows an extraordinary surge in 2020 and 2021, primarily driven by the Federal Reserve's aggressive quantitative easing measures in response to the COVID-19 pandemic.
Monthly value of M2 money stock in the United States from January 2002 to September 2024
(in billion U.S. dollars)
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).
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Federal Reserve. (November 4, 2024). Monthly value of M2 money stock in the United States from January 2002 to September 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 09, 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 September 2024 (in billion U.S. dollars)." Chart. November 4, 2024. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/
Federal Reserve. (2024). Monthly value of M2 money stock in the United States from January 2002 to September 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 09, 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 September 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Nov 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 September 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/ (last visited November 09, 2024)
Monthly value of M2 money stock in the United States from January 2002 to September 2024 (in billion U.S. dollars) [Graph], Federal Reserve, November 4, 2024. [Online]. Available: https://www.statista.com/statistics/1121054/monthly-m2-money-stock-usa/