Volume of Currency in Circulation: $1
CURRVOL1 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.90
Year-over-Year Change
44.66%
Date Range
1/1/1994 - 1/1/2024
Summary
The Volume of Currency in Circulation for $1 bills tracks the total number of $1 notes currently in active circulation within the U.S. economy. This metric provides insights into cash usage patterns, consumer behavior, and monetary dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Economists analyze this trend to understand cash transaction preferences and potential shifts in payment methods. The data reflects consumer spending habits, liquidity preferences, and broader monetary circulation trends.
Methodology
The Federal Reserve calculates this metric by tracking the total number of $1 bills issued and in circulation, accounting for new printings and retired currency.
Historical Context
This data is used in monetary policy analysis, economic forecasting, and understanding consumer financial behaviors.
Key Facts
- Tracks the total volume of $1 bills in active circulation
- Provides insights into cash usage and monetary dynamics
- Reflects consumer spending and payment method preferences
FAQs
Q: Why is tracking $1 bill circulation important?
A: It helps economists understand cash usage patterns and consumer spending behaviors. The trend provides insights into monetary circulation and payment preferences.
Q: How often is this data updated?
A: The Federal Reserve typically updates currency circulation data periodically, with most recent figures available through official economic databases.
Q: What factors influence $1 bill circulation?
A: Digital payment adoption, consumer preferences, economic conditions, and transaction habits can impact the volume of $1 bills in circulation.
Q: How do economists use this data?
A: Researchers analyze this trend to understand monetary dynamics, consumer behavior, and potential shifts in payment methods.
Q: Are $1 bills becoming less relevant?
A: While digital payments are increasing, $1 bills remain important for certain transactions and continue to play a role in the cash economy.
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Similar CURRVOL Trends
Citation
U.S. Federal Reserve, Volume of Currency in Circulation: $1 [CURRVOL1], retrieved from FRED.
Last Checked: 8/1/2025