Liabilities and Capital: Liabilities: Federal Reserve Notes, Net of F.R. Bank Holdings: Wednesday Level
WLFN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,353,549.00
Year-over-Year Change
0.89%
Date Range
6/14/2006 - 8/6/2025
Summary
This economic indicator tracks the net outstanding Federal Reserve notes in circulation, excluding those held by Federal Reserve Banks. It provides insight into the volume of physical currency in the U.S. monetary system and reflects broader monetary policy dynamics.
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 series represents the total value of physical currency circulating in the economy, which is a critical component of the money supply. Economists use this metric to understand liquidity, cash flow, and potential inflationary pressures in the financial system.
Methodology
Data is collected weekly by the Federal Reserve, tracking the total face value of currency notes in circulation after accounting for notes held by Federal Reserve Banks.
Historical Context
This indicator is used by policymakers and economists to monitor currency circulation, assess monetary policy effectiveness, and analyze broader economic trends.
Key Facts
- Tracks net physical currency in circulation
- Updated on a weekly basis
- Excludes notes held by Federal Reserve Banks
FAQs
Q: What does the WLFN series measure?
A: The WLFN series measures the total value of Federal Reserve notes in circulation, excluding notes held by Federal Reserve Banks.
Q: Why is tracking currency circulation important?
A: Tracking currency circulation helps economists and policymakers understand liquidity, monetary policy effectiveness, and potential inflationary trends.
Q: How often is the WLFN data updated?
A: The WLFN data is updated weekly, providing a current snapshot of currency in circulation.
Q: How do policymakers use this information?
A: Policymakers use this data to assess monetary conditions, make informed decisions about money supply, and gauge economic health.
Q: What are the limitations of this indicator?
A: The WLFN only captures physical currency and does not include digital money or other forms of monetary assets.
Related News
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. econom...
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures...
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year lo...
U.S. Stock Indices Rebound After Tech Stocks' Recent Decline
US Stock Indices Rebound: Understanding the Market Recovery The recent surge in the US stock market marks a significant upturn, with key indices su...
US Treasury Yields Increase Before Key Economic Data Release
How Treasury Yields Signal Market Expectations Ahead of Crucial Economic Data Release Treasury yields, often referred to as a barometer for the U.S...
U.S. GDP Growth to Slow Due to Tariffs and Immigration Policies
How Tariffs and Immigration Policies Influence U.S. GDP Growth in 2025 The U.S. GDP is a fundamental gauge of the country's economic health. Recent...
Related Trends
Currency in Circulation
CURRCIR
Resources and Assets: Bills Discounted: Total Bills Discounted
RABDTBD
Overnight Repurchase Agreements: Treasury Securities Purchased by the Federal Reserve in the Temporary Open Market Operations
RPONTSYD
Supplementary Information: Supplementary Information on Principal Accounts of Maiden Lane LLC: Outstanding Principal Amount and Accrued Interest on Loan Payable to JPMorgan Chase and Co.: Wednesday Level
RESPPLAML1LTNWW
Assets: Liquidity and Credit Facilities: Loans: Bank Term Funding Program, Net: Wednesday Level
H41RESPPALDKNWW
Liabilities and Capital: Liabilities: Reverse Repurchase Agreements: Wednesday Level
WLRRAL
Citation
U.S. Federal Reserve, Liabilities and Capital: Liabilities: Federal Reserve Notes, Net of F.R. Bank Holdings: Wednesday Level [WLFN], retrieved from FRED.
Last Checked: 8/1/2025