M2 Less Small Time Deposits

Not Seasonally Adjusted

M2MNS • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

20,895.20

Year-over-Year Change

5.38%

Date Range

1/1/1959 - 6/1/2025

Summary

Not Seasonally Adjusted (M2MNS) represents the raw money supply data without statistical adjustments for seasonal variations. This metric provides economists with a direct view of monetary fluctuations before standard smoothing techniques are applied.

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

The M2MNS series tracks the total money supply including cash, checking deposits, savings deposits, and money market securities without seasonal modifications. Economists use this raw data to understand underlying monetary trends and potential economic shifts.

Methodology

Data is collected by the Federal Reserve through comprehensive banking system reporting and aggregation of monetary instruments.

Historical Context

This metric is crucial for analyzing monetary policy, understanding raw economic cycles, and providing unfiltered insights into money supply dynamics.

Key Facts

  • Represents unadjusted money supply data
  • Includes cash, deposits, and money market instruments
  • Provides raw monetary information before statistical smoothing

FAQs

Q: What does 'Not Seasonally Adjusted' mean?

A: It means the data reflects raw numbers without accounting for predictable seasonal variations like holiday spending or agricultural cycles.

Q: Why is raw monetary data important?

A: Raw data helps economists identify underlying economic trends without statistical modifications that might mask real changes.

Q: How often is M2MNS data updated?

A: The Federal Reserve typically updates this data weekly or monthly, providing near-real-time insights into monetary conditions.

Q: Can businesses use this data?

A: Financial analysts and businesses use this data to understand monetary trends, potential inflation risks, and economic planning.

Q: What are the limitations of Not Seasonally Adjusted data?

A: Raw data can be more volatile and may not clearly show long-term trends due to seasonal fluctuations that are not smoothed out.

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Citation

U.S. Federal Reserve, Not Seasonally Adjusted [M2MNS], retrieved from FRED.

Last Checked: 8/1/2025

M2 Less Small Time Deposits | US Economic Trends