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
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
Q: What unit is the result in? A: Billions of U.S. dollars.
Q: What is included in M1? A: Currency in circulation, demand deposits, and other checkable deposits. Since May 2020, also includes savings deposits.
Q: How is M1 different from M2? A: M2 includes M1 plus less liquid components like time deposits and money market funds.
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