Monetary Services Index: MZM (alternative)
MSIMZMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,921.80
Year-over-Year Change
6.05%
Date Range
1/1/1967 - 12/1/2013
Summary
The Monetary Services Index: MZM (alternative) tracks the velocity and services provided by money zero maturity (MZM) liquid assets in the U.S. economy. This index helps economists understand monetary circulation and liquidity dynamics beyond traditional money supply measurements.
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 alternative monetary services index measures the economic services generated by MZM, which includes cash, checking accounts, and other highly liquid assets readily convertible to cash. Economists use it to assess monetary efficiency and potential inflationary pressures in the financial system.
Methodology
The index is calculated by the Federal Reserve using complex econometric models that evaluate the transaction services and economic utility of different monetary components.
Historical Context
Policymakers and central bank analysts use this index to inform monetary policy decisions and assess the broader economic implications of money velocity.
Key Facts
- Measures economic services of highly liquid monetary assets
- Provides insights beyond traditional money supply metrics
- Helps analyze monetary circulation efficiency
FAQs
Q: What does MZM stand for?
A: MZM means 'Money Zero Maturity', representing the most liquid financial assets that can be immediately converted to cash.
Q: How is this index different from traditional money supply measures?
A: Unlike standard M1 or M2 measures, the Monetary Services Index focuses on the economic utility and transaction services of money, not just its quantity.
Q: Why is the MZM index important?
A: It provides a more nuanced view of monetary dynamics, helping economists understand how effectively money is circulating in the economy.
Q: How often is this index updated?
A: The Federal Reserve typically updates monetary indices quarterly, though specific update frequencies can vary.
Q: Can this index predict economic trends?
A: While not a definitive predictor, the MZM index offers valuable insights into potential economic shifts and monetary system health.
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Citation
U.S. Federal Reserve, Monetary Services Index: MZM (alternative) [MSIMZMA], retrieved from FRED.
Last Checked: 8/1/2025