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The money supply or stock, in economics, is the total amount of money available at a particular point in time. Money includes the currency in circulation as well as demand deposits. The variation or changes in the money supply has multiple effects on the economy, for example the price level or the inflation.
The money stock M2 includes a broader set of financial assets held principally by households.
M1 includes
- Currency outside Federal Reserve Banks
- Traveler's checks of non-bank issuers
- Demand deposits
- OCDs or other checkable deposits
M2 consists of
- M1
- Saving deposits
- Time deposits that are less than $100,000
- MMMFs or balances in retail money market mutual funds
The M2 time-series downloaded by this item is seasonally adjusted; it also uses the M1 seasonally adjusted time-series. The data is released by the Board of Governors of the Federal Reserve System and is retrieved from the stlouisfed.org website.
The data units are Billions of Dollars and it is updated weekly.
In the 'obs_end_date', you can set the last download date that is available here: http://research.stlouisfed.org/fred2/series/M2/downloaddata?cid=29
