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Vol. I, No. 6 Afternoon Edition

The Fed Gazette

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Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.

Money and the balance sheet

M2 Money Supply: Chart and Latest Federal Reserve Data

The M2 money stock was $23,342.8 billion for August 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

Source: Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG, M2SL, M2 money stock, billions of dollars, monthly · Published · Updated

The M2 measure of the money stock, with a chart back to 1959, what changed since last month, and a plain explanation. The figure is copied as published, in billions of dollars. This paper does not compute growth.

  • M2 money stock $23,342.8 billion August 2026 Higher than the previous print

M2 Money Supply chart

M2 money stock over time

Monthly M2 money stock, seasonally adjusted, in billions of dollars as the feed names the unit. Each point is a stored monthly print.

$22,000B$22,500B$23,000B$23,500BOct 25Jan 26Apr 26Jul 26$22,000B$22,500B$23,000B$23,500BOct 25Jan 26Apr 26Jul 26
$20,000B$21,000B$22,000B$23,000B$24,000B20222023202420252026$20,000B$21,000B$22,000B$23,000B$24,000B20222023202420252026
$10,000B$15,000B$20,000B$25,000B20182020202220242026$10,000B$15,000B$20,000B$25,000B20182020202220242026
$0B$10,000B$20,000B$30,000B19601965197019751980198519901995200020052010201520202025$0B$10,000B$20,000B$30,000B19601975199020052020
  • M2 money stock $23,342.8 billion Aug 1, 2026

Source: Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG, M2SL, M2 money stock, billions of dollars, monthly · as of · retrieved

Data
M2 money stock over time, the last print of each calendar quarter (a sample of the plotted line)
PeriodM2 money stock
March 1959$289.2 billion
June 1959$294.1 billion
September 1959$296.7 billion
December 1959$297.8 billion
March 1960$299.3 billion
June 1960$302.3 billion
September 1960$308.4 billion
December 1960$312.4 billion
March 1961$318.3 billion
June 1961$324.3 billion
September 1961$329.5 billion
December 1961$335.5 billion
March 1962$343.1 billion
June 1962$349.3 billion
September 1962$354.9 billion
December 1962$362.7 billion
March 1963$370.7 billion
June 1963$378.4 billion
September 1963$386 billion
December 1963$393.2 billion
March 1964$399.8 billion
June 1964$407.1 billion
September 1964$416.9 billion
December 1964$424.8 billion
March 1965$433.2 billion
June 1965$440.1 billion
September 1965$449.5 billion
December 1965$459.2 billion
March 1966$467.2 billion
June 1966$471.2 billion
September 1966$475.4 billion
December 1966$480.2 billion
March 1967$489.7 billion
June 1967$502 billion
September 1967$514.7 billion
December 1967$524.8 billion
March 1968$533.2 billion
June 1968$542.6 billion
September 1968$553.5 billion
December 1968$566.9 billion
March 1969$574.4 billion
June 1969$578.5 billion
September 1969$582.1 billion
December 1969$587.9 billion
March 1970$587.3 billion
June 1970$595.2 billion
September 1970$611.2 billion
December 1970$626.6 billion
March 1971$649.9 billion
June 1971$673 billion
September 1971$692.5 billion
December 1971$710.3 billion
March 1972$733.5 billion
June 1972$749.7 billion
September 1972$778.3 billion
December 1972$802.3 billion
March 1973$815.3 billion
June 1973$833.2 billion
September 1973$839.3 billion
December 1973$855.5 billion
March 1974$870.1 billion
June 1974$877.8 billion
September 1974$887.9 billion
December 1974$902.1 billion
March 1975$925 billion
June 1975$963 billion
September 1975$991.5 billion
December 1975$1,016.3 billion
March 1976$1,049.9 billion
June 1976$1,077.6 billion
September 1976$1,110.8 billion
December 1976$1,152.1 billion
March 1977$1,188.4 billion
June 1977$1,217.8 billion
September 1977$1,246.3 billion
December 1977$1,270.4 billion
March 1978$1,292.1 billion
June 1978$1,318.5 billion
September 1978$1,345.1 billion
December 1978$1,366.1 billion
March 1979$1,387.7 billion
June 1979$1,423 billion
September 1979$1,454.2 billion
December 1979$1,473.9 billion
March 1980$1,499.7 billion
June 1980$1,529.2 billion
September 1980$1,574 billion
December 1980$1,599.9 billion
March 1981$1,636.5 billion
June 1981$1,670.4 billion
September 1981$1,706 billion
December 1981$1,755.5 billion
March 1982$1,786.4 billion
June 1982$1,826.2 billion
September 1982$1,858.3 billion
December 1982$1,905.9 billion
March 1983$2,015.2 billion
June 1983$2,053.8 billion
September 1983$2,083 billion
December 1983$2,123.4 billion
March 1984$2,175.3 billion
June 1984$2,215.6 billion
September 1984$2,244.2 billion
December 1984$2,306.3 billion
March 1985$2,366.3 billion
June 1985$2,413.3 billion
September 1985$2,456.2 billion
December 1985$2,492 billion
March 1986$2,533.1 billion
June 1986$2,605.7 billion
September 1986$2,667.9 billion
December 1986$2,728 billion
March 1987$2,753.5 billion
June 1987$2,775.3 billion
September 1987$2,799.6 billion
December 1987$2,826.7 billion
March 1988$2,890.2 billion
June 1988$2,939 billion
September 1988$2,957.2 billion
December 1988$2,988.8 billion
March 1989$2,998.9 billion
June 1989$3,028.6 billion
September 1989$3,092.9 billion
December 1989$3,153.4 billion
March 1990$3,189.2 billion
June 1990$3,214.6 billion
September 1990$3,254.7 billion
December 1990$3,272.5 billion
March 1991$3,321 billion
June 1991$3,352.8 billion
September 1991$3,355 billion
December 1991$3,373 billion
March 1992$3,403.1 billion
June 1992$3,394 billion
September 1992$3,410.4 billion
December 1992$3,425.3 billion
March 1993$3,410.9 billion
June 1993$3,442.7 billion
September 1993$3,452.6 billion
December 1993$3,475 billion
March 1994$3,479.2 billion
June 1994$3,479.8 billion
September 1994$3,486.7 billion
December 1994$3,486.7 billion
March 1995$3,489.9 billion
June 1995$3,549.4 billion
September 1995$3,602.9 billion
December 1995$3,629.8 billion
March 1996$3,685.4 billion
June 1996$3,723.3 billion
September 1996$3,754.2 billion
December 1996$3,818.7 billion
March 1997$3,859.5 billion
June 1997$3,907.1 billion
September 1997$3,973.7 billion
December 1997$4,033 billion
March 1998$4,112.4 billion
June 1998$4,185.6 billion
September 1998$4,268.3 billion
December 1998$4,375.5 billion
March 1999$4,430.1 billion
June 1999$4,510.1 billion
September 1999$4,569.5 billion
December 1999$4,639.1 billion
March 2000$4,709.1 billion
June 2000$4,775.8 billion
September 2000$4,855.9 billion
December 2000$4,927.3 billion
March 2001$5,072.2 billion
June 2001$5,182.3 billion
September 2001$5,355.9 billion
December 2001$5,440.1 billion
March 2002$5,499.8 billion
June 2002$5,555.3 billion
September 2002$5,662.9 billion
December 2002$5,779 billion
March 2003$5,866.3 billion
June 2003$6,003.9 billion
September 2003$6,080 billion
December 2003$6,073.5 billion
March 2004$6,156.3 billion
June 2004$6,279.3 billion
September 2004$6,352.3 billion
December 2004$6,424.3 billion
March 2005$6,446.6 billion
June 2005$6,513.2 billion
September 2005$6,610.2 billion
December 2005$6,687.4 billion
March 2006$6,766.9 billion
June 2006$6,854 billion
September 2006$6,952.8 billion
December 2006$7,079.3 billion
March 2007$7,164.7 billion
June 2007$7,290.6 billion
September 2007$7,413.8 billion
December 2007$7,482.7 billion
March 2008$7,664.9 billion
June 2008$7,747.3 billion
September 2008$7,873.6 billion
December 2008$8,203 billion
March 2009$8,380.5 billion
June 2009$8,462.9 billion
September 2009$8,462.7 billion
December 2009$8,510.6 billion
March 2010$8,519 billion
June 2010$8,631 billion
September 2010$8,719.6 billion
December 2010$8,822 billion
March 2011$8,967.7 billion
June 2011$9,184.2 billion
September 2011$9,553.3 billion
December 2011$9,683.5 billion
March 2012$9,849.3 billion
June 2012$10,023.7 billion
September 2012$10,228.4 billion
December 2012$10,485.4 billion
March 2013$10,578.7 billion
June 2013$10,705.6 billion
September 2013$10,865.8 billion
December 2013$11,062.4 billion
March 2014$11,228.8 billion
June 2014$11,398.4 billion
September 2014$11,520.7 billion
December 2014$11,721.2 billion
March 2015$11,919.1 billion
June 2015$12,020.9 billion
September 2015$12,172.7 billion
December 2015$12,393.6 billion
March 2016$12,662.2 billion
June 2016$12,849.3 billion
September 2016$13,052.7 billion
December 2016$13,240.6 billion
March 2017$13,464.6 billion
June 2017$13,577 billion
September 2017$13,743 billion
December 2017$13,887.3 billion
March 2018$14,014.5 billion
June 2018$14,133.2 billion
September 2018$14,243.9 billion
December 2018$14,392 billion
March 2019$14,559.5 billion
June 2019$14,798.8 billion
September 2019$15,047.2 billion
December 2019$15,351.5 billion
March 2020$16,034.4 billion
June 2020$18,180 billion
September 2020$18,605 billion
December 2020$19,119.4 billion
March 2021$19,874.5 billion
June 2021$20,472.7 billion
September 2021$20,985.4 billion
December 2021$21,502.8 billion
March 2022$21,788.1 billion
June 2022$21,647 billion
September 2022$21,541.3 billion
December 2022$21,293.2 billion
March 2023$20,942.3 billion
June 2023$20,798.9 billion
September 2023$20,753.6 billion
December 2023$20,779.9 billion
March 2024$20,965.9 billion
June 2024$21,070.7 billion
September 2024$21,275.6 billion
December 2024$21,487.6 billion
March 2025$21,684.1 billion
June 2025$21,942.6 billion
September 2025$22,176.1 billion
December 2025$22,355.3 billion
March 2026$22,640.3 billion
June 2026$23,114.9 billion
August 2026$23,342.8 billion
Cite this

Cite the agency first. This paper is the place you read the figure, as of Aug 1, 2026.

  • APA Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG. (2026, August 1). M2SL, M2 money stock, billions of dollars, monthly [Data set]. https://govspending.org/series/M2SL/ Retrieved October 6, 2026, via The Fed Gazette, https://fedgazette.com/m2-money-supply/#chart-m2-money-supply-0
  • MLA Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG. “M2SL, M2 money stock, billions of dollars, monthly.” M2SL, M2 money stock, billions of dollars, monthly, data as of 1 Aug. 2026, https://govspending.org/series/M2SL/. Accessed 6 Oct. 2026 via The Fed Gazette, https://fedgazette.com/m2-money-supply/#chart-m2-money-supply-0.
  • Chicago Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG. “M2SL, M2 money stock, billions of dollars, monthly.” Data as of August 1, 2026. https://govspending.org/series/M2SL/. Retrieved October 6, 2026 via The Fed Gazette, https://fedgazette.com/m2-money-supply/#chart-m2-money-supply-0.

As of August 2026 · Board of Governors of the Federal Reserve System (H.6 Money Stock Measures), via GOVSPENDING.ORG · M2SL, M2 money stock, billions of dollars, monthly · Billions of Dollars · original series M2SL on FRED · Retrieved

M2 money stock: what changed since the last print

The latest M2 money stock print is $23,342.8 billion for August 2026, higher than the print before it, $23,217.9 billion for July 2026. About a year earlier, for August 2025, it was $22,092.6 billion, and the latest print is higher than that.

This paper says only whether the latest stored print is higher than, lower than, or the same as an earlier stored print, and prints both. It does not compute a difference or a percent.

PeriodM2 money stock
August 2026$23,342.8 billion
July 2026$23,217.9 billion
June 2026$23,114.9 billion
May 2026$23,013.7 billion
April 2026$22,756.6 billion
March 2026$22,640.3 billion
February 2026$22,598.7 billion
January 2026$22,413.4 billion
December 2025$22,355.3 billion
November 2025$22,279.8 billion
October 2025$22,249.8 billion
September 2025$22,176.1 billion

What the M2 money stock is, in plain English

M2 is a broad measure of the money stock. It counts currency, checking deposits, savings deposits, small time deposits, and balances in retail money market funds. The Federal Reserve Board publishes it in its H.6 Money Stock Measures release.

Economists in the monetarist tradition watch the growth of the money stock as a guide to inflation over time. This paper prints the level as published and does not compute growth.

M2 is not the same as the Fed’s balance sheet. For what the Fed itself holds, see the Fed balance sheet page.

Money stock
The total of money held by the public, counted in different ways as M1 and M2.
Currency
Paper money and coins held outside banks.
Seasonally adjusted
Smoothed for regular seasonal patterns, which is how this series is published.

M2 money stock questions answered

What is the latest M2 money stock?

The M2 money stock was $23,342.8 billion for August 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

What is M2?

M2 is a broad measure of the money stock: currency, checking and savings deposits, small time deposits, and retail money market fund balances.

Who publishes M2?

The Federal Reserve Board publishes it in the H.6 Money Stock Measures release.

Is M2 the same as the Fed’s balance sheet?

No. M2 counts money held by the public. The Fed’s balance sheet counts what the Federal Reserve owns and owes.

How often does M2 update?

Monthly. The period for the latest print is shown beside the figure.