---
source: Federal Reserve
url: https://www.federalreserve.gov/releases/h6/current/default.htm
document_type: html
date_retrieved: 2026-03-24
period: February 2026
parent_publication: Money Stock Measures - H.6
indicators_covered: [Money Supply M2]
---

# Money Stock Measures - H.6 Release, March 24, 2026

## Release Date: March 24, 2026

### Money Stock Revisions
This release includes seasonally adjusted measures of the monetary aggregates and their components produced with revised seasonal factors, which were derived from data through December 2025 and estimated using the Census Bureau's X-13ARIMA-SEATS seasonal adjustment program. Appendix tables accompanying the release contain the revised seasonal factors for months from January 2025 to March 2027. The tables also contain revised seasonally adjusted M1 and M2 levels as well as revised seasonally adjusted M1 and M2 annualized growth rates for the last two years.

### Table 1: Money Stock Measures
*Billions of dollars unless otherwise noted.*

| Date | M1 (Seasonally adjusted) | M2 (Seasonally adjusted) | M1 (Not seasonally adjusted) | M2 (Not seasonally adjusted) |
|:---|:---|:---|:---|:---|
| **Feb. 2026** | **19,396.9** | **22,667.3** | **19,277.1** | **22,572.2** |
| Jan. 2026 | 19,201.1 | 22,469.1 | 19,206.2 | 22,506.3 |
| Dec. 2025 | 19,100.8 | 22,386.9 | 19,254.1 | 22,536.8 |
| Nov. 2025 | 19,022.7 | 22,296.5 | 19,021.6 | 22,288.3 |
| Oct. 2025 | 18,986.0 | 22,250.4 | 18,935.0 | 22,184.2 |
| Sept. 2025 | 18,903.9 | 22,169.8 | 18,865.3 | 22,111.0 |

### Table 2: Seasonally Adjusted Components of M1 and Non-M1 M2
*Billions of dollars.*

| Date | Currency | Demand deposits | Other liquid deposits | Small-denomination time deposits | Retail money market funds |
|:---|:---|:---|:---|:---|:---|
| **Feb. 2026** | 2,356.2 | 6,824.4 | 10,216.3 | 1,026.1 | 2,244.3 |
| Jan. 2026 | 2,351.2 | 6,702.0 | 10,147.9 | 1,026.8 | 2,241.1 |

### Table 3: Not Seasonally Adjusted Components of M1 and Non-M1 M2
*Billions of dollars.*

| Date | Currency | Demand deposits | Other liquid deposits | Small-denomination time deposits | Retail money market funds |
|:---|:---|:---|:---|:---|:---|
| **Feb. 2026** | 2,345.0 | 6,730.9 | 10,201.3 | 1,015.9 | 2,279.2 |
| Jan. 2026 | 2,343.4 | 6,699.5 | 10,163.3 | 1,017.4 | 2,282.7 |

### Table Footnotes
- M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of other checkable deposits (or OCDs, which comprise negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions) and savings deposits (including money market deposit accounts).
- M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (2) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs.
- Monetary base equals currency in circulation plus reserve balances.