This weekly series is discontinued and will no longer be updated. The non-seasonally adjusted version of this weekly series is WM1NS, and the seasonally adjusted monthly series is M1SL.
Starting on February 23, 2021, the H.6 statistical release is now published at a monthly frequency and contains only monthly average data needed to construct the monetary aggregates. Weekly average, non-seasonally adjusted data will continue to be made available, while weekly average, seasonally adjusted data will no longer be provided. For further information about the changes to the H.6 Statistical Release, see the announcements provided by the source.
Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other checkable deposits (OCDs), consisting of negotiable order of withdrawal, or NOW, and automatic transfer service, or ATS, accounts at depository institutions, share draft accounts at credit unions, and demand deposits at thrift institutions.
Beginning May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and (3) other liquid deposits, consisting of OCDs and savings deposits (including money market deposit accounts). Seasonally adjusted M1 is constructed by summing currency, demand deposits, and OCDs (before May 2020) or other liquid deposits (beginning May 2020), each seasonally adjusted separately.
For more information on the H.6 release changes and the regulatory amendment that led to the creation of the other liquid deposits component and its inclusion in the M1 monetary aggregate, see the H.6 announcements and Technical Q&As posted on December 17, 2020.
Suggested Citation: Board of Governors of the Federal Reserve System (US), M1 Money Stock (DISCONTINUED) [M1], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M1, March 25, 2021.
True patriots know we must abandon the central banking cartel's fraudulent currencies.
Crypto is the way. I was skeptical of crypto. But the more I learn the more I realize it is a better alternative to the fiat Federal Reserve Notes. I've debunked or else countered some of the criticism from members on this board.
If crypto is the way, have you identified yet a cryptocurrency that supports a number of transactions per second routinely handled by Visa, MasterCard and AmEx, while retaining security?
Bitcoin (BTC) was intentionally captured and crippled by banker-types so it has a limit of approximately 7 transactions per second.
If every American adult (~ 250 million) wanted to buy some BTC, it would take the BTC network about 14 months to process all the transactions. Then, each person could make one BTC transaction every 14 months.
Bitcoin Cash (BCH) is not similarly crippled – they increased their block size – so it can handle 1 or 2 orders of magnitude more transactions. This means using BCH, every American could maybe make a transaction every 2 weeks!
So. What other cryptocoin exists that maintains the security guarantees and raises the transaction limit to what an economy requires?
(None. Centralization is several orders of magnitude more efficient than a network based on distrust. The solution to our problems is to FIX OUR POLITICS, not some kind of crypto-escapist cyber-punkery.)
The problem with processing transactions, such as with BitCoin, is popularly discussed among crypto advocates. Solutions are in the works.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom. I hope that you agree at least in concept, even if there's some problems with processing crypto currency transactions that need to be worked out. Really smart people are working on it.
The problem is not as simple as you think. It's on the order of proving P != NP. It's a similar level of difficulty as coming up with a cryptocurrency in the first place. I know qualified people who have attempted and failed.
Solving this problem is not a matter of engineering. It's a matter of breakthrough. A breakthrough may occur tomorrow, or it may happen in 15 years, or someone may prove that it's not possible in 50 years.
Waiting for that breakthrough requires a similar amount of hopium as that the military is going to save us. In fact, I think it's more likely the military will save us.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom.
You can just hang them up some trees and thereby end the cartel. It's real easy.
That is, if you can convince people that the way currency is issued is a problem, or at least that the people who manage currency issuance are grossly abusing their position.
Really smart people are working on it.
Breakthroughs don't come on a schedule. It doesn't matter how many people are working on it. If it's not ours to have, we won't have it.
Compare Einstein. Look into the origin of his theory of relativity. It came to him in a dream.
A bunch of scientific breakthroughs came to a scientist in a dream. Bohr's model of the atom. Medeleev's periodic table of elements. Kekule's structure of benzene. Ramanujan's equations. Wallace's idea of natural selection. Loewi's frog heart experiment. Kary Mullis's PCR, now famously abused against his will for "diagnostic" testing.
These are ideas which are granted to us. At this time, we have not been granted the breakthrough in cryptocurrency despite decades of work on it, despite people knowing the solution is worth trillions.
This 100% is the way. Crypto is really new. I bet the first revisions of our current centralized system weren't able to handle tens of millions of daily transactions either. Once crypto advances, it'll definitely be a good replacement. Until then, it just needs more people to look into it, so as it gains popularity, people start developing newer and better crypto-based solutions. Eventually crypto will be ready to take over.
They still report it. Kind of. See notes below. https://fred.stlouisfed.org/series/M1
True patriots know we must abandon the central banking cartel's fraudulent currencies.
Crypto is the way. I was skeptical of crypto. But the more I learn the more I realize it is a better alternative to the fiat Federal Reserve Notes. I've debunked or else countered some of the criticism from members on this board.
If crypto is the way, have you identified yet a cryptocurrency that supports a number of transactions per second routinely handled by Visa, MasterCard and AmEx, while retaining security?
Bitcoin (BTC) was intentionally captured and crippled by banker-types so it has a limit of approximately 7 transactions per second.
If every American adult (~ 250 million) wanted to buy some BTC, it would take the BTC network about 14 months to process all the transactions. Then, each person could make one BTC transaction every 14 months.
Bitcoin Cash (BCH) is not similarly crippled – they increased their block size – so it can handle 1 or 2 orders of magnitude more transactions. This means using BCH, every American could maybe make a transaction every 2 weeks!
So. What other cryptocoin exists that maintains the security guarantees and raises the transaction limit to what an economy requires?
(None. Centralization is several orders of magnitude more efficient than a network based on distrust. The solution to our problems is to FIX OUR POLITICS, not some kind of crypto-escapist cyber-punkery.)
The problem with processing transactions, such as with BitCoin, is popularly discussed among crypto advocates. Solutions are in the works.
Removing the power of currency from the international banking cartel is a KEY COMPONENT to our fight for freedom. I hope that you agree at least in concept, even if there's some problems with processing crypto currency transactions that need to be worked out. Really smart people are working on it.
They've been for years.
The problem is not as simple as you think. It's on the order of proving P != NP. It's a similar level of difficulty as coming up with a cryptocurrency in the first place. I know qualified people who have attempted and failed.
Solving this problem is not a matter of engineering. It's a matter of breakthrough. A breakthrough may occur tomorrow, or it may happen in 15 years, or someone may prove that it's not possible in 50 years.
Waiting for that breakthrough requires a similar amount of hopium as that the military is going to save us. In fact, I think it's more likely the military will save us.
You can just hang them up some trees and thereby end the cartel. It's real easy.
That is, if you can convince people that the way currency is issued is a problem, or at least that the people who manage currency issuance are grossly abusing their position.
Breakthroughs don't come on a schedule. It doesn't matter how many people are working on it. If it's not ours to have, we won't have it.
Compare Einstein. Look into the origin of his theory of relativity. It came to him in a dream.
A bunch of scientific breakthroughs came to a scientist in a dream. Bohr's model of the atom. Medeleev's periodic table of elements. Kekule's structure of benzene. Ramanujan's equations. Wallace's idea of natural selection. Loewi's frog heart experiment. Kary Mullis's PCR, now famously abused against his will for "diagnostic" testing.
These are ideas which are granted to us. At this time, we have not been granted the breakthrough in cryptocurrency despite decades of work on it, despite people knowing the solution is worth trillions.
This 100% is the way. Crypto is really new. I bet the first revisions of our current centralized system weren't able to handle tens of millions of daily transactions either. Once crypto advances, it'll definitely be a good replacement. Until then, it just needs more people to look into it, so as it gains popularity, people start developing newer and better crypto-based solutions. Eventually crypto will be ready to take over.