M2 money stock, United States
M2 money stock was $23,342.8 bn in August 2026, up 0.5% from July 2026 and up 5.7% from a year earlier. The figure is published by Board of Governors of the Federal Reserve System in H.6. The series starts in January 2006 and has 248 observations. Source: Board of Governors of the Federal Reserve System.
- On the previous reading (July 2026): up 0.5%, to $23,342.8 bn
- On a year earlier (August 2025): up 5.7%
- Against the five-year average of $21,583.3 bn: above
Sparklines: the last ten years; the amber dot marks the reading in the tile. Source: Board of Governors of the Federal Reserve System. EconoMonitor is not affiliated with or endorsed by the Federal Reserve.
Overview
Over the last five years the series ranged from $20,737.4 bn (October 2023) to $23,342.8 bn (August 2026). Since January 2006 the full range is $6,728.4 bn (January 2006) to $23,342.8 bn (August 2026).
Key facts
| Reading | Period | Value |
|---|---|---|
| Latest | August 2026 | $23,342.8 bn |
| Previous | July 2026 | $23,217.9 bn |
| A year earlier | August 2025 | $22,092.6 bn |
| Five-year high | August 2026 | $23,342.8 bn |
| Five-year low | October 2023 | $20,737.4 bn |
| First observation | January 2006 | $6,728.4 bn |
Unit: USD. Source: Board of Governors of the Federal Reserve System. EconoMonitor is not affiliated with or endorsed by the Federal Reserve.
How has it moved since January 2006?
Full history
- M2 money stock $23,343bn
Last five years
- M2 money stock $23,343bn
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| August 2025 | $22,092.6 bn | +0.3% |
| September 2025 | $22,176.1 bn | +0.4% |
| October 2025 | $22,249.8 bn | +0.3% |
| November 2025 | $22,279.8 bn | +0.1% |
| December 2025 | $22,355.3 bn | +0.3% |
| January 2026 | $22,413.4 bn | +0.3% |
| February 2026 | $22,598.7 bn | +0.8% |
| March 2026 | $22,640.3 bn | +0.2% |
| April 2026 | $22,756.6 bn | +0.5% |
| May 2026 | $23,013.7 bn | +1.1% |
| June 2026 | $23,114.9 bn | +0.4% |
| July 2026 | $23,217.9 bn | +0.4% |
| August 2026 | $23,342.8 bn | +0.5% |
How does the latest reading compare?
The latest reading of $23,342.8 bn in August 2026 is above its five-year average of $21,583.3 bn and above its ten-year average of $18,608.2 bn. It is higher than 100% of all 248 readings since January 2006. It has risen for 28 readings in a row up to August 2026. Over the last 12 readings, from September 2025 to August 2026, it averaged $22,679.9 bn, with a high of $23,342.8 bn in August 2026 and a low of $22,176.1 bn in September 2025. In the last ten years the largest rise from one reading to the next was in April 2020, to $17,064.0 bn from $16,034.4 bn in March 2020, and the largest fall was in March 2023, to $20,942.3 bn from $21,240.2 bn in February 2023.
Among the last 9 complete years, the average was highest in 2025, at $21,963.3 bn, and lowest in 2017, at $13,621.5 bn.
Year by year
| Year | Average | Low | High | Last reading | Readings |
|---|---|---|---|---|---|
| 2026 | $22,887.3 bn | $22,413.4 bn | $23,342.8 bn | $23,342.8 bn August 2026 | 8 |
| 2025 | $21,963.3 bn | $21,539.3 bn | $22,355.3 bn | $22,355.3 bn December 2025 | 12 |
| 2024 | $21,134.7 bn | $20,835.5 bn | $21,487.6 bn | $21,487.6 bn December 2024 | 12 |
| 2023 | $20,869.8 bn | $20,737.4 bn | $21,274.0 bn | $20,779.9 bn December 2023 | 12 |
| 2022 | $21,607.8 bn | $21,293.2 bn | $21,788.1 bn | $21,293.2 bn December 2022 | 12 |
| 2021 | $20,538.6 bn | $19,375.3 bn | $21,502.8 bn | $21,502.8 bn December 2021 | 12 |
| 2020 | $17,696.6 bn | $15,425.0 bn | $19,119.4 bn | $19,119.4 bn December 2020 | 12 |
| 2019 | $14,863.8 bn | $14,460.2 bn | $15,351.5 bn | $15,351.5 bn December 2019 | 12 |
| 2018 | $14,141.6 bn | $13,902.4 bn | $14,392.0 bn | $14,392.0 bn December 2018 | 12 |
| 2017 | $13,621.5 bn | $13,318.9 bn | $13,887.3 bn | $13,887.3 bn December 2017 | 12 |
Averages, lows and highs are calculated by EconoMonitor from the published readings. Source: Board of Governors of the Federal Reserve System. EconoMonitor is not affiliated with or endorsed by the Federal Reserve.
How is it measured?
M2 money stock, seasonally adjusted, monthly average.
M2 money stock is published monthly by Board of Governors of the Federal Reserve System in its H.6 release. It is measured in USD and is seasonally adjusted. EconoMonitor holds all 248 readings since January 2006 under the publisher's code M2.M, keeps earlier values when the publisher revises them, and compares each release with the downloaded file before it is shown.
- Frequency: monthly; seasonal adjustment: SA.
- Unit: USD.
- Release: H.6, published by Board of Governors of the Federal Reserve System.
- Source series code: M2.M.
- Methodology: how EconoMonitor stores and checks this series.
Questions and sources
What is the latest reading of M2 money stock?
$23,342.8 bn in August 2026, as published by Board of Governors of the Federal Reserve System.
How often is it updated?
Monthly, with each H.6 release. EconoMonitor reloads the series after each release and keeps earlier values when the publisher revises them.
Where can I check it?
At the publisher: Federal Reserve Board Data Download Program, series code M2.M.
Source: Board of Governors of the Federal Reserve System. EconoMonitor is not affiliated with or endorsed by the Federal Reserve. Checks for this release: Check A passed, Check B passed.
Data and analysis only, not financial advice. Data publishers do not endorse EconoMonitor. See the disclaimer and methodology.