The value of M2 money supply in the U.S. amounted to 20.86 trillion U.S. dollars in 2023, which was a slight decrease compared to the previous year. While between 2000 and 2019, the M2 money supply increased at a relatively slow pace, there was an exceptionally sharp increase in 2020, which was the result of the Federal Reserve's quantitative easing in response to the COVID-19 pandemic.
Value of M2 money stock in the United States from 2000 to 2023
(in billion U.S. dollars)
The source adds the following information: M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: savings deposits; small-denomination time deposits (time deposits in amounts of less than 100,000 U.S. dollars); and balances in retail money market mutual funds (MMMFs).
Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
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Federal Reserve. (July 23, 2024). Value of M2 money stock in the United States from 2000 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 02, 2025, from https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed
Federal Reserve. "Value of M2 money stock in the United States from 2000 to 2023 (in billion U.S. dollars)." Chart. July 23, 2024. Statista. Accessed February 02, 2025. https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed
Federal Reserve. (2024). Value of M2 money stock in the United States from 2000 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 02, 2025. https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed
Federal Reserve. "Value of M2 Money Stock in The United States from 2000 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Jul 2024, https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed
Federal Reserve, Value of M2 money stock in the United States from 2000 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed (last visited February 02, 2025)
Value of M2 money stock in the United States from 2000 to 2023 (in billion U.S. dollars) [Graph], Federal Reserve, July 23, 2024. [Online]. Available: https://www.statista.com/statistics/187729/total-us-money-stock-for-m2-since-1990/?__sso_cookie_checker=failed
