M2 Money Supply
US M2 Money Supply — Historical Chart
$23,290B
▲ 6.11% YoYJul 2026
All-Time High
$23,290B
All-Time Low
$1,599.8B
Data Since
1981
Source: FRED / Federal ReserveShaded = NBER recessions
M2 is a broad measure of the US money supply including cash, checking deposits, savings accounts, and money market funds. The Fed's COVID-era expansion of M2 by ~$6T in 2020–2021 was unprecedented and contributed to the inflation surge that followed.