Money Supply - M2
Returns the M2 money supply in billions of dollars. M2 is a broader measure of money supply that includes M1 plus savings deposits, small time deposits, and retail money market funds.
Data Details
| Attribute | Value |
|---|---|
| Source | Federal Reserve / FRED |
| Frequency | Weekly/Monthly |
| Unit | Billions of USD |
| Components | M1 + Savings + Small Time Deposits + Retail MMFs |
Notes
- M2 is the most commonly watched money supply measure
- Includes near-money assets that can be quickly converted to cash
- Federal Reserve stopped publishing M3 in 2006
Examples
Current M2 money supply
=MoneySupplyM2()/1000Near-money portion
=MoneySupplyM2()/Population()When to Use
- Analyzing money supply trends
- Tracking monetary policy effects
- Inflation forecasting
- Economic research on money and growth
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need only liquid money | MoneySupplyM1() |
| 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 M2? A: M1 (currency, checking deposits) plus savings deposits, small time deposits, and retail money market funds.
Q: Why is M2 important? A: M2 growth is closely watched as an indicator of future inflation and economic activity.
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