Money Supply M2 in the United States increased to 22298.10 USD Billion in October from 22212.50 USD Billion in September of 2025. This dataset provides - United States Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View monthly updates and historical trends for US M2 Money Supply. from United States. Source: Federal Reserve. Track economic data with YCharts analytics.

The Federal Reserve's balance sheet has undergone significant changes since 2007, reflecting its response to major economic crises. From a modest *** trillion U.S. dollars at the end of 2007, it ballooned to approximately **** trillion U.S. dollars by October 29, 2025. This dramatic expansion, particularly during the 2008 financial crisis and the COVID-19 pandemic—both of which resulted in negative annual GDP growth in the U.S.—showcases the Fed's crucial role in stabilizing the economy through expansionary monetary policies. Impact on inflation and interest rates The Fed's expansionary measures, while aimed at stimulating economic growth, have had notable effects on inflation and interest rates. Following the quantitative easing in 2020, inflation in the United States reached ***** percent in 2022, the highest since 1991. However, by August 2025, inflation had declined to *** percent. Concurrently, the Federal Reserve implemented a series of interest rate hikes, with the rate peaking at **** percent in August 2023, before the first rate cut since September 2021 occurred in September 2024. Financial implications for the Federal Reserve The expansion of the Fed's balance sheet and subsequent interest rate hikes have had significant financial implications. In 2024, the Fed reported a negative net income of ***** billion U.S. dollars, a stark contrast to the ***** billion U.S. dollars profit in 2022. This unprecedented shift was primarily due to rapidly rising interest rates, which caused the Fed's interest expenses to soar to over *** billion U.S. dollars in 2023. Despite this, the Fed's net interest income on securities acquired through open market operations reached a record high of ****** billion U.S. dollars in the same year.

United States Money Supply: MZM data was reported at 15,643.800 USD bn in Nov 2018. This records an increase from the previous number of 15,565.400 USD bn for Oct 2018. United States Money Supply: MZM data is updated monthly, averaging 2,041.500 USD bn from Jan 1959 (Median) to Nov 2018, with 719 observations. The data reached an all-time high of 15,643.800 USD bn in Nov 2018 and a record low of 276.000 USD bn in Feb 1959. United States Money Supply: MZM data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.KA006: Money, Zero Maturity.

Money Supply M0 in the United States increased to 53615000 USD Million in October from 5478000 USD Million in September of 2025. This dataset provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

View a measure of the most-liquid assets in the U.S. money supply: cash, checking accounts, traveler's checks, demand deposits, and other checkable deposits.

Key information about United States Money Supply M2

• United States Money Supply M2 was reported at 22,298.100 USD bn in Oct 2025
• This records an increase from the previous number of 22,212.500 USD bn for Sep 2025
• US Money Supply M2 data is updated monthly, averaging 0.050 USD mn from Jan 1959 to Oct 2025, with 802 observations
• The data reached an all-time high of 97.284 USD mn in Dec 2013 and a record low of 0.000 USD mn in Dec 1996
• US Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly: Seasonally Adjusted

Federal Reserve Board provides monthly Money Supply M2 in USD.

United States Money Supply M2: Less Small Time Deposits data was reported at 20,855.400 USD bn in Mar 2025. This records an increase from the previous number of 20,542.400 USD bn for Feb 2025. United States Money Supply M2: Less Small Time Deposits data is updated monthly, averaging 2,369.800 USD bn from Jan 1959 (Median) to Mar 2025, with 795 observations. The data reached an all-time high of 21,815.400 USD bn in Mar 2022 and a record low of 276.000 USD bn in Feb 1959. United States Money Supply M2: Less Small Time Deposits data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.KA001: Money Stock Measures.

The United States M2 money supply reached approximately **** trillion U.S. dollars by September 2025, marking a gradual upward trend after a period of decline. This followed an extraordinary surge in 2020 and 2021, primarily driven by the Federal Reserve's aggressive quantitative easing measures in response to the COVID-19 pandemic.

Key information about United States M2 Growth

• United States Money Supply M2 increased 4.6 % YoY in Oct 2025, compared with a growth of 4.5 % in the previous month
• US Money Supply M2 growth data is updated monthly, available from Jan 1960 to Oct 2025
• The data reached an all-time high of 26.7 % in Feb 2021 and a record low of -4.7 % in Apr 2023

CEIC calculates M2 Growth Rate from monthly M2. Federal Reserve Board provides M2 in USD.


Further information about United States M2 Growth

• In the latest reports, US Foreign Exchange Reserves was measured at 38.3 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 0.1 Months of Import in Aug 2025
• US Domestic Credit reached 31,813.3 USD bn in Mar 2025, representing an increased of 4.0 % YoY
• The country's Non Performing Loans Ratio stood at 1.5 % in Sep 2025, compared with the ratio of 1.5 % in the previous quarter
• Household Debt of US reached 18,585.0 USD bn in Sep 2025, accounting for 61.4 % of the country's Nominal GDP

United States Money Supply M2: Small Time Deposits data was reported at 520.100 USD bn in Oct 2018. This records an increase from the previous number of 507.800 USD bn for Sep 2018. United States Money Supply M2: Small Time Deposits data is updated monthly, averaging 766.250 USD bn from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 1,461.400 USD bn in Dec 2008 and a record low of 11.200 USD bn in Dec 1959. United States Money Supply M2: Small Time Deposits data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KA005: Money Stock, Liquid Assets and Debt Measures: Monthly.

United States Money Supply: Wkly: MZM sa data was reported at 15,584.900 USD bn in 05 Nov 2018. This records a decrease from the previous number of 15,608.500 USD bn for 29 Oct 2018. United States Money Supply: Wkly: MZM sa data is updated weekly, averaging 4,296.750 USD bn from Nov 1980 (Median) to 05 Nov 2018, with 1984 observations. The data reached an all-time high of 15,627.900 USD bn in 01 Oct 2018 and a record low of 868.600 USD bn in 05 Jan 1981. United States Money Supply: Wkly: MZM sa data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.KA006: Money, Zero Maturity.

United States Money Supply M2: Retail Money Market Funds data was reported at 784.600 USD bn in Oct 2018. This records an increase from the previous number of 768.100 USD bn for Sep 2018. United States Money Supply M2: Retail Money Market Funds data is updated monthly, averaging 432.100 USD bn from Jan 1973 (Median) to Oct 2018, with 550 observations. The data reached an all-time high of 1,041.700 USD bn in Apr 2008 and a record low of 0.000 USD bn in Oct 1973. United States Money Supply M2: Retail Money Market Funds data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KA005: Money Stock, Liquid Assets and Debt Measures: Monthly.

The Fed doesn’t just move markets. Its policies reshape industries and reveal which sectors will thrive or tighten under new rates.

Graph and download economic data for Velocity of M1 Money Stock (M1V) from Q1 1959 to Q2 2025 about velocity, M1, monetary aggregates, and USA.

Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q2 2025 about MMMF, IMA, financial, assets, and USA.

Key information about Taiwan Money Supply M2

• Taiwan Money Supply M2 was reported at 2,175.223 USD bn in Oct 2025
• This records a decrease from the previous number of 2,190.753 USD bn for Sep 2025
• Taiwan Money Supply M2 data is updated monthly, averaging 823.725 USD bn from Jan 1992 to Oct 2025, with 406 observations
• The data reached an all-time high of 2,228.648 USD bn in Jun 2025 and a record low of 295.392 USD bn in Jan 1992
• Taiwan Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly: Seasonally Adjusted

CEIC converts monthly Money Supply M2 into USD. The Central Bank of the Republic of China provides Money Supply M2 in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions. Average Money Supply M2 is used.

Key information about Sweden Money Supply M2

• Sweden Money Supply M2 was reported at 524.557 USD bn in Oct 2025
• This records a decrease from the previous number of 532.153 USD bn for Sep 2025
• Sweden Money Supply M2 data is updated monthly, averaging 307.751 USD bn from Jan 1998 to Oct 2025, with 334 observations
• The data reached an all-time high of 546.816 USD bn in Oct 2021 and a record low of 95.514 USD bn in May 2001
• Sweden Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly

CEIC converts monthly Money Supply M2 into USD. Statistics Sweden provides Money Supply M2 in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.

Term Repurchase Agreements Market Outlook

According to our latest research, the global term repurchase agreements market size reached USD 17.8 trillion in 2024, with a robust compound annual growth rate (CAGR) of 8.2% from 2025 to 2033. The market is projected to expand significantly, attaining a value of USD 35.2 trillion by 2033. This impressive growth is primarily driven by the increasing demand for short-term liquidity solutions among financial institutions and the rising use of term repos as an effective monetary policy tool by central banks worldwide. As per our latest research, the market’s expansion is further fueled by evolving regulatory frameworks and the proliferation of digital trading platforms, which enhance transparency and efficiency in repo transactions.

One of the major growth factors for the term repurchase agreements market is the heightened need for liquidity management across global banking and financial systems. In the aftermath of recent economic disruptions and ongoing volatility in capital markets, financial institutions are increasingly turning to term repos to manage their balance sheets efficiently. The flexibility of term repurchase agreements allows institutions to obtain short- to medium-term funding without the need to liquidate assets, thereby minimizing market impact and supporting overall financial stability. Additionally, the growing complexity of banking regulations, such as Basel III and other liquidity coverage requirements, has compelled banks to adopt more sophisticated liquidity management tools, further propelling the adoption of term repos.

Another significant driver is the rapid digital transformation within the financial sector, which has revolutionized the execution and settlement of repurchase agreements. The integration of advanced technologies, such as blockchain and automated trading platforms, has streamlined repo transactions, reduced operational risks, and improved transparency. This technological evolution has attracted new participants to the market, including non-traditional financial entities and fintech companies, thereby expanding the market’s reach. Furthermore, the advent of electronic trading platforms has facilitated cross-border repo transactions, enabling greater participation from international investors and contributing to market growth.

The increasing involvement of central banks in the term repurchase agreements market is also a key growth catalyst. Central banks in major economies, such as the Federal Reserve, European Central Bank, and the People’s Bank of China, have frequently used term repos as a tool for open market operations to regulate money supply and stabilize interest rates. This active engagement not only supports liquidity in the banking system but also instills confidence among market participants. Moreover, the growing issuance of government securities and high-quality collateral has provided a robust foundation for the repo market, enhancing its attractiveness as a low-risk investment vehicle.

From a regional perspective, North America continues to dominate the global term repurchase agreements market, accounting for the largest share due to its highly developed financial infrastructure and the presence of major institutional investors. Europe follows closely, supported by stringent regulatory standards and active participation by central banks. Meanwhile, the Asia Pacific region is witnessing the fastest growth, driven by the rapid expansion of financial markets in China, India, and Southeast Asia. Latin America and the Middle East & Africa, although still emerging, are showing increasing adoption of term repos as financial markets mature and regulatory frameworks evolve. This regional diversification is expected to further enhance the market’s resilience and growth potential in the coming years.

Type Analysis

The term repurchase agreements market is segmented by type into Overnight, Term, and Open repos. Overnight repos, which involve transactions

United States Money Supply M1: Other Liquid Deposits data was reported at 10,824.600 USD bn in Mar 2025. This records an increase from the previous number of 10,716.500 USD bn for Feb 2025. United States Money Supply M1: Other Liquid Deposits data is updated monthly, averaging 12,504.100 USD bn from May 2020 (Median) to Mar 2025, with 59 observations. The data reached an all-time high of 13,784.500 USD bn in Mar 2022 and a record low of 10,496.100 USD bn in May 2024. United States Money Supply M1: Other Liquid Deposits data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KA001: Money Stock Measures.