' ' Your trusted data source ECONOMIC DATA I ST. LOUIS FED Since 1991- Release Calendar FRED Tools v FRED News FRED Blog About FRED v Categories > Money, Banking, & Finance > Monetary Data > M1 and Components {1? M 1 (M15L) DOWNLOAD .4; Observation: Units: Frequency: Jan 2020; 3,9935 (4. more) Billions of Dollars, Monthly W I SY I luv I Max EDIT GRAPH 0 Updated: May 24, 2022 Seasonally Adjusted FRED? M1 Billions of Dollars 4,400 4,000 3,600 3,200 2,800 2,400 2,000 1 .600 1 ,200 800 400 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Shaded areas indicate U.S. recessions. Source: Board of Governors of the Federal Reserve SyStEm (US) fredstlouisfedprg ' ' Share Links' Account Tools 3 O 9 NOTES Source: Board of Governors of the Federal Reserve System (US) Z Release: H.6 Money Stock Measures [2' Units: Billions of Dollars, Seasonally Adjusted Frequency: Monthly Before May 2020, M1 consists of (l) 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 ofcial institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of 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. Beginning May 2020, 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 ofcial institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of 0CDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and 0CDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately. For more information on the H.6 release changes and the regulatory amendment that led to the creation of the other liquid deposits component and its inclusion in the M1 monetary aggregate, see the H.6 announcements and Technical Q&As posted on December 17, 2020. Suggested Citation: Board of Governors of the Federal Reserve System (US), M1 [MISL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MISL, June 12, 2022. 10. The Federal Reserve keeps detailed data on monetary aggregates in its FRED database. Go to https://fred.stlouisfed.org/ and click on the \"Category\" link below the search box. Find the heading \"Money, Banking, & Finance\" and click on \"Monetary Data\". Do the following: Click on \"M1 and Its Components\" and then \"Ml Money Stock, Monthly Seasonally Adjusted\". Change the range so that it ends in 2020-01-01 (there is an option just above the graph): How does the trend in M1 differ over the years before 2008 and over the years between 2008 and 2020?| NOTE: The definition of MI changed in 2020, and you can see this with the rapid increase in MI during that year. It is therefore not possible to compare M1 before and after 2020 without making some adjustments