MarketXLS

Currency in Circulation 2.475T for 

Currency in Circulation came in at 2.475T for Wk of Aug 12 2026, up 0.07% from 2.473T the prior week and 3.03% above its level of 2.402T one year ago. The series has averaged 1.432T since 2002, reaching a record high of 2.475T in August 2026 and a record low of 675B in January 2003.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Currency in Circulation," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/currency-in-circulation

Historical Data

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⋮
August 12, 20262.475T
August 5, 20262.473T
July 29, 20262.471T
July 22, 20262.471T
July 15, 20262.472T
July 8, 20262.475T
July 1, 20262.473T
June 24, 20262.472T
June 17, 20262.468T
June 10, 20262.467T
June 3, 20262.466T
May 27, 20262.464T
May 20, 20262.459T
May 13, 20262.458T
May 6, 20262.456T
April 29, 20262.453T
April 22, 20262.453T
April 15, 20262.452T
April 8, 20262.452T
April 1, 20262.448T
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⋮
October 15, 20141.296T
October 8, 20141.292T
October 1, 20141.289T
September 24, 20141.288T
September 17, 20141.289T
September 10, 20141.292T
September 3, 20141.293T
August 27, 20141.288T
August 20, 20141.287T
August 13, 20141.288T
August 6, 20141.287T
July 30, 20141.284T
July 23, 20141.284T
July 16, 20141.285T
July 9, 20141.289T
July 2, 20141.282T
June 25, 20141.279T
June 18, 20141.279T
June 11, 20141.28T
June 4, 20141.28T

About Currency in Circulation

What it measures

Currency in circulation (FRED series WCURCIR) measures the total value of Federal Reserve notes and coin held outside the Federal Reserve Banks, including cash in bank vaults and in the hands of the public. It is one of the two components of the monetary base. The Federal Reserve reports the series weekly as part of its H.4.1 balance sheet release.

Why it matters

Physical cash demand reflects transaction needs, precautionary hoarding, and substantial foreign holdings of US dollars. Sharp jumps have historically coincided with crises, when households and overseas holders stock up on banknotes. Because currency is a Fed liability, its growth also affects how many reserves the central bank must supply to keep the banking system funded.

How to read it

The series trends upward almost continuously with nominal GDP, so the level itself is rarely informative; watch deviations in the growth rate instead. Acceleration can indicate stress-driven cash demand or strong overseas dollar appetite, while unusually slow growth may reflect a shift toward electronic payments. It says little about domestic spending, since a large share of US currency circulates abroad.

Get Currency in Circulation in Excel

Pull Currency in Circulation directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=CurrencyInCirculation()

View the Currency In Circulation formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Currency in Circulation?

Currency in Circulation is 2.475T as of August 2026.

What is the all-time high and low of Currency in Circulation?

The highest value on record is 2.475T (August 2026) and the lowest is 675B (January 2003).

How often is Currency in Circulation updated?

Currency in Circulation is published on a weekly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Currency in Circulation in Excel?

Use the MarketXLS Excel formula =CurrencyInCirculation() to pull Currency in Circulation directly into any cell, with historical values available for analysis.

Basic info
Currency in circulation is all of the money that has been issued by a country's monetary authority, minus cash that has been removed from the system.
RegionUnited States
FrequencyWeekly
Last updatedAugust 13, 2026
Seasonal adjustmentNot Seasonally Adjusted
UnitMillions of U.S. Dollars

Stats
Last Value2.475T
Latest PeriodWk of Aug 12 2026
Last UpdatedAugust 13 2026, 03:32
Value Previous Week2.473T
Change From Previous Week0.07%
Value 1 Year Ago2.402T
Change From Year Ago3.03%
Average Growth Rate5.64%/yr
Record High (Aug 2026)2.475T
Record Low (Jan 2003)675B
Long-Term Average1.432T
FrequencyWeekly
AdjustmentNot Seasonally Adjusted
UnitMillions of U.S. Dollars

Annual Averages
20262.453T
20252.393T
20242.348T
20232.325T
20222.271T
20212.169T
20201.948T
20191.745T
20181.661T
20171.556T
20161.458T
20151.372T

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Federal Funds Effective Rate
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