Monetary Base: Total 5.524T for
Monetary Base: Total came in at 5.524T for Wk of Jul 1 2026, up 0.65% from 5.488T the prior week and 3.76% below its level of 5.74T one year ago. The series has averaged 1.269T since 1959, reaching a record high of 6.413T in December 2021 and a record low of 48.4B in March 1961.
Embed this chart
Preview ↗Free to use on your site, blog, or newsletter. The chart stays current automatically. The snippet includes one small visible credit line below the chart, which you can keep or remove. Click the code to copy it.
<iframe src="https://marketxls.com/embed/indicators/monetary-base" width="100%" height="460" frameborder="0" title="Monetary Base: Total chart"></iframe><p style="font:12px/1.4 sans-serif;margin:4px 0 0"><a href="https://marketxls.com/indicators/monetary-base" rel="nofollow">Monetary Base: Total chart - MarketXLS</a></p>Historical Data
⋮ | ⋮ |
|---|---|
| July 1, 2026 | 5.524T |
| June 1, 2026 | 5.488T |
| May 1, 2026 | 5.539T |
| April 1, 2026 | 5.47T |
| March 1, 2026 | 5.459T |
| February 1, 2026 | 5.388T |
| January 1, 2026 | 5.403T |
| December 1, 2025 | 5.374T |
| November 1, 2025 | 5.302T |
| October 1, 2025 | 5.362T |
| September 1, 2025 | 5.478T |
| August 1, 2025 | 5.686T |
| July 1, 2025 | 5.74T |
| June 1, 2025 | 5.748T |
| May 1, 2025 | 5.648T |
| April 1, 2025 | 5.732T |
| March 1, 2025 | 5.775T |
| February 1, 2025 | 5.613T |
| January 1, 2025 | 5.614T |
| December 1, 2024 | 5.604T |
⋮ | ⋮ |
|---|---|
| October 1, 1992 | 350B |
| September 1, 1992 | 347B |
| August 1, 1992 | 343B |
| July 1, 1992 | 340B |
| June 1, 1992 | 337B |
| May 1, 1992 | 335B |
| April 1, 1992 | 333B |
| March 1, 1992 | 336B |
| February 1, 1992 | 331B |
| January 1, 1992 | 333B |
| December 1, 1991 | 335B |
| November 1, 1991 | 328B |
| October 1, 1991 | 323B |
| September 1, 1991 | 322B |
| August 1, 1991 | 320B |
| July 1, 1991 | 320B |
| June 1, 1991 | 318B |
| May 1, 1991 | 314B |
| April 1, 1991 | 314B |
| March 1, 1991 | 311B |
About Monetary Base: Total
What it measures
The monetary base (FRED series BOGMBASE) is the sum of currency in circulation and depository institution reserves held at the Federal Reserve. It represents the most liquid layer of the money stock, the portion the central bank controls directly through its balance sheet. The Board of Governors publishes the figure monthly, expressed in millions of dollars.
Why it matters
The base is the raw material of the banking system: open market purchases, quantitative easing, and balance sheet runoff all show up here first. Analysts track it to gauge the scale of Fed policy operations, since expansions of the base historically accompany asset purchases and contractions accompany tightening. It also feeds into broader aggregates like M1 and M2.
How to read it
A rising base signals balance sheet expansion by the Fed; a falling base signals runoff or draining operations. Since 2008 the link between the base and broad money has weakened, because banks may hold large excess reserves rather than lend them out. Judge the base alongside reserve balances and the Fed policy stance rather than as a standalone inflation predictor.
Get Monetary Base: Total in Excel
Pull Monetary Base: Total directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:
=MonetaryBase()View the Monetary Base formula documentation or browse all 100+ Economic Data functions.
Frequently Asked Questions
What is the current Monetary Base: Total?
Monetary Base: Total is 5.524T as of July 2026.
What is the all-time high and low of Monetary Base: Total?
The highest value on record is 6.413T (December 2021) and the lowest is 48.4B (March 1961).
How often is Monetary Base: Total updated?
Monetary Base: Total is published on a biweekly basis, sourced from Federal Reserve Economic Data (FRED).
How do I get Monetary Base: Total in Excel?
Use the MarketXLS Excel formula =MonetaryBase() to pull Monetary Base: Total directly into any cell, with historical values available for analysis.
Stats
| Last Value | 5.524T |
| Latest Period | Wk of Jul 1 2026 |
| Last Updated | August 25 2026, 12:01 |
| Value Previous Week | 5.488T |
| Change From Previous Week | 0.65% |
| Value 1 Year Ago | 5.74T |
| Change From Year Ago | -3.76% |
| Average Growth Rate | 7.20%/yr |
| Record High (Dec 2021) | 6.413T |
| Record Low (Mar 1961) | 48.4B |
| Long-Term Average | 1.269T |
| Frequency | Biweekly |
| Adjustment | Not Seasonally Adjusted |
| Unit | Billions of Dollars |
Annual Averages
| 2026 | 5.467T |
| 2025 | 5.589T |
| 2024 | 5.712T |
| 2023 | 5.566T |
| 2022 | 5.663T |
| 2021 | 6.053T |
| 2020 | 4.615T |
| 2019 | 3.301T |
| 2018 | 3.641T |
| 2017 | 3.81T |
| 2016 | 3.763T |
| 2015 | 3.974T |
Related Indicators