M2 Money Supply 23.2T for
M2 Money Supply came in at 23.2T for Wk of Aug 3 2026, up 0.71% from 23T the prior week and 6.05% above its level of 21.9T one year ago. The series has averaged 8.297T since 1981, reaching a record high of 23.3T in July 2026 and a record low of 1.6T in January 1981.
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<iframe src="https://marketxls.com/embed/indicators/m2-money-supply" width="100%" height="460" frameborder="0" title="M2 Money Supply chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/m2-money-supply" rel="nofollow">M2 Money Supply chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| August 3, 2026 | 23.2T |
| July 27, 2026 | 23T |
| July 20, 2026 | 23.2T |
| July 13, 2026 | 23.2T |
| July 6, 2026 | 23.3T |
| June 29, 2026 | 23.1T |
| June 22, 2026 | 23T |
| June 15, 2026 | 23.2T |
| June 8, 2026 | 23.1T |
| June 1, 2026 | 23T |
| May 25, 2026 | 22.9T |
| May 18, 2026 | 23T |
| May 11, 2026 | 22.9T |
| May 4, 2026 | 22.8T |
| April 27, 2026 | 22.7T |
| April 20, 2026 | 22.8T |
| April 13, 2026 | 23T |
| April 6, 2026 | 23.1T |
| March 30, 2026 | 22.8T |
| March 23, 2026 | 22.8T |
⋮ | ⋮ |
|---|---|
| October 20, 2003 | 6.066T |
| October 13, 2003 | 6.073T |
| October 6, 2003 | 6.073T |
| September 29, 2003 | 6.008T |
| September 22, 2003 | 6.04T |
| September 15, 2003 | 6.112T |
| September 8, 2003 | 6.12T |
| September 1, 2003 | 6.079T |
| August 25, 2003 | 6.047T |
| August 18, 2003 | 6.139T |
| August 11, 2003 | 6.105T |
| August 4, 2003 | 6.101T |
| July 28, 2003 | 6.004T |
| July 21, 2003 | 6.026T |
| July 14, 2003 | 6.052T |
| July 7, 2003 | 6.082T |
| June 30, 2003 | 5.991T |
| June 23, 2003 | 5.973T |
| June 16, 2003 | 6.029T |
| June 9, 2003 | 6.001T |
About M2 Money Supply
What it measures
M2 (FRED series WM2NS) is the broad money supply, comprising M1 plus savings deposits, small-denomination time deposits, and retail money market fund balances. It is compiled by the Federal Reserve and released weekly without seasonal adjustment on the H.6 statistical release, with monthly seasonally adjusted data published alongside.
Why it matters
M2 is the most widely cited US monetary aggregate and a standard input to analyses of liquidity, nominal growth, and inflation risk. Unusual swings draw attention: the pandemic-era surge in 2020-2021 preceded the strongest inflation in four decades, and the subsequent contraction was the first sustained decline in the aggregate since the Great Depression era.
How to read it
Compare M2 growth to nominal GDP growth; money expanding far faster than output has historically been associated with inflation pressure, though with long and variable lags. Declines in the level are rare and typically reflect quantitative tightening or deposit outflows to money funds and Treasuries. Velocity is not constant, so avoid mechanical translations from M2 growth to price forecasts.
Get M2 Money Supply in Excel
Pull M2 Money Supply directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:
=MoneySupplyM2()View the Money Supply - M2 formula documentation or browse all 100+ Economic Data functions.
Frequently Asked Questions
What is the current M2 Money Supply?
M2 Money Supply is 23.2T as of August 2026.
What is the all-time high and low of M2 Money Supply?
The highest value on record is 23.3T (July 2026) and the lowest is 1.6T (January 1981).
How often is M2 Money Supply updated?
M2 Money Supply is published on a weekly basis, sourced from Federal Reserve Economic Data (FRED).
How do I get M2 Money Supply in Excel?
Use the MarketXLS Excel formula =MoneySupplyM2() to pull M2 Money Supply directly into any cell, with historical values available for analysis.
Stats
| Last Value | 23.2T |
| Latest Period | Wk of Aug 3 2026 |
| Last Updated | August 25 2026, 12:01 |
| Value Previous Week | 23T |
| Change From Previous Week | 0.71% |
| Value 1 Year Ago | 21.9T |
| Change From Year Ago | 6.05% |
| Average Growth Rate | 6.01%/yr |
| Record High (Jul 2026) | 23.3T |
| Record Low (Jan 1981) | 1.6T |
| Long-Term Average | 8.297T |
| Frequency | Weekly |
| Adjustment | Not Seasonally Adjusted |
| Unit | Billions of Dollars |
Annual Averages
| 2026 | 22.8T |
| 2025 | 22T |
| 2024 | 21.1T |
| 2023 | 20.9T |
| 2022 | 21.6T |
| 2021 | 20.5T |
| 2020 | 17.7T |
| 2019 | 14.9T |
| 2018 | 14.1T |
| 2017 | 13.6T |
| 2016 | 12.9T |
| 2015 | 12.1T |
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