Liabilities: Notes in Circulation: Federal Reserve Bank Notes in Actual Circulation

LNCFRBNC • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

0.10

Year-over-Year Change

-99.62%

Date Range

3/10/1916 - 3/20/1935

Summary

This economic indicator tracks the total number of Federal Reserve Bank notes currently in circulation across the United States. It provides insight into the physical currency supply and monetary dynamics of the U.S. financial system.

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

Federal Reserve Bank notes represent a specific type of currency issued directly by Federal Reserve Banks, distinct from standard Treasury-issued currency. Economists analyze this metric to understand cash circulation patterns, liquidity, and potential economic activity indicators.

Methodology

Data is collected through direct reporting and tracking of physical currency by Federal Reserve Banks and compiled through systematic monetary aggregation processes.

Historical Context

This trend is used in monetary policy analysis, helping the Federal Reserve understand cash flow, potential inflationary pressures, and overall economic liquidity.

Key Facts

  • Represents physical currency actively in use in the economic system
  • Tracked as part of broader monetary supply measurements
  • Provides insights into cash transaction volumes and economic activity

FAQs

Q: What are Federal Reserve Bank notes?

A: Federal Reserve Bank notes are physical currency issued directly by Federal Reserve Banks, representing a specific type of legal tender in the United States.

Q: How does this metric differ from total currency in circulation?

A: This metric specifically tracks Federal Reserve Bank notes, which is a subset of total U.S. currency, focusing on a particular type of issued currency.

Q: How frequently is this data updated?

A: The data is typically updated weekly or monthly, providing near-real-time insights into currency circulation.

Q: Why do economists track this metric?

A: Tracking Federal Reserve Bank notes helps understand cash flow, potential economic activity, and provides insights into monetary dynamics.

Q: What are the limitations of this data?

A: The metric only captures physical currency and does not account for digital transactions or electronic money supply.

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Citation

U.S. Federal Reserve, Liabilities: Notes in Circulation: Federal Reserve Bank Notes in Actual Circulation [LNCFRBNC], retrieved from FRED.

Last Checked: 8/1/2025