Money Supply - M1
Returns the M1 money supply in billions of dollars. M1 is the most liquid measure of money supply, including currency, demand deposits, and other checkable deposits.
Data Details
| Attribute | Value |
|---|---|
| Source | Federal Reserve / FRED |
| Frequency | Weekly/Monthly |
| Unit | Billions of USD |
| Components | Currency + Demand Deposits + Other Checkable Deposits |
Notes
- M1 represents the most liquid forms of money
- Since May 2020, M1 includes savings deposits (previously only in M2)
- Key indicator for monitoring monetary conditions
Syntax
=MoneySupplyM1()Returns
number
M1 money supply in billions of dollars
Examples
When to Use
- Analyzing money supply trends
- Tracking monetary policy effects
- Economic research on liquidity
- Inflation analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need broader money supply | MoneySupplyM2() |
| Need monetary base | MonetaryBase() |
| Need just currency | CurrencyInCirculation() |
Common Issues & FAQ
What unit is the result in?
Billions of U.S. dollars.
What is included in M1?
Currency in circulation, demand deposits, and other checkable deposits. Since May 2020, also includes savings deposits.
How is M1 different from M2?
M2 includes M1 plus less liquid components like time deposits and money market funds.
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