Volume of Currency in Circulation: Total
CURRVOLALL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55.40
Year-over-Year Change
67.88%
Date Range
1/1/1994 - 1/1/2024
Summary
The Volume of Currency in Circulation: Total measures the total amount of physical currency currently in circulation within the United States economy. This metric provides critical insights into monetary supply, liquidity, and potential economic activity levels.
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
This economic indicator tracks the aggregate value of physical currency held by the public, including both paper currency and coins in circulation outside of bank vaults. Economists analyze this trend to understand cash usage patterns, monetary policy effectiveness, and potential inflationary pressures.
Methodology
The Federal Reserve calculates this metric by tracking the total currency issued and subtracting currency held in bank reserves and Federal Reserve banks.
Historical Context
Policymakers and financial analysts use this data to assess economic liquidity, consumer spending potential, and monetary policy transmission mechanisms.
Key Facts
- Represents total physical currency outside of bank and Federal Reserve vaults
- Fluctuates with economic conditions and consumer behavior
- Important indicator of economic liquidity and potential spending power
FAQs
Q: What does total currency in circulation indicate?
A: It shows the total amount of physical money available in the economy for transactions and holding. This metric helps understand cash usage and potential economic activity.
Q: How often is this data updated?
A: The Federal Reserve typically updates this data weekly, providing current insights into currency dynamics. Precise update schedules can vary slightly.
Q: Why do economists track currency circulation?
A: Tracking currency circulation helps understand monetary policy effectiveness, potential inflationary trends, and overall economic liquidity. It provides insights into consumer behavior and economic health.
Q: How does digital payment impact currency circulation?
A: Increasing digital payments can reduce physical currency circulation, potentially affecting this metric. However, cash remains important in many economic transactions.
Q: Are there limitations to this data?
A: The metric only captures physical currency and doesn't include digital money or broader monetary aggregates. It provides a partial view of economic liquidity.
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Citation
U.S. Federal Reserve, Volume of Currency in Circulation: Total [CURRVOLALL], retrieved from FRED.
Last Checked: 8/1/2025