M1
Monthly, Not Seasonally Adjusted
M1NS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,762.60
Year-over-Year Change
4.24%
Date Range
1/1/1959 - 6/1/2025
Summary
The M1NS represents the non-seasonally adjusted money supply in the United States, tracking the total liquid currency and deposits in circulation. This metric provides critical insights into monetary conditions and potential inflationary pressures.
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 use this unadjusted monthly measure to understand raw money supply dynamics before statistical smoothing techniques are applied. The data reflects the absolute volume of M1 money stock without seasonal adjustment factors.
Methodology
Data is collected by the Federal Reserve through comprehensive aggregation of currency in circulation, traveler's checks, demand deposits, and other checkable deposits.
Historical Context
Policymakers and financial analysts utilize this trend to assess monetary velocity, potential economic interventions, and underlying liquidity conditions.
Key Facts
- Represents raw, unsmoothed money supply measurements
- Includes currency, demand deposits, and checkable accounts
- Provides unfiltered snapshot of monetary circulation
FAQs
Q: What does M1NS specifically measure?
A: M1NS measures the total liquid money supply in the U.S. without seasonal adjustments, including physical currency and easily accessible bank deposits.
Q: Why are non-seasonally adjusted figures important?
A: Non-seasonally adjusted data reveals raw economic fluctuations before statistical smoothing, offering a direct view of monetary changes.
Q: How often is M1NS data updated?
A: The Federal Reserve typically updates M1NS data monthly, providing a current snapshot of monetary conditions.
Q: How do economists use this data?
A: Economists analyze M1NS to understand monetary trends, potential inflationary pressures, and overall economic liquidity.
Q: What are the limitations of M1NS?
A: M1NS does not account for seasonal variations, which can create misleading interpretations without additional context or seasonal adjustment.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted [M1NS], retrieved from FRED.
Last Checked: 8/1/2025