M2 Money Supply

What M2 measures

M2 is a stock of money balances held across the U.S. economy, not a count of bills printed or payments made. The Federal Reserve’s H.6 measure includes currency, checkable and savings deposits, small-denomination time deposits, and retail money-market mutual funds, with specified retirement-account balances excluded.

Because it is a broad total, M2 can rise or fall as its components change. A higher total does not mean every household received more money, and the aggregate does not show who holds each balance.

How the daily estimate works

We subtract seasonally adjusted M2 for Aug 2025 ($22.09T) from Aug 2026 ($23.34T). The net change of $1.25T divided by 365 actual calendar days gives about $3.43B per day. The homepage spreads that historical average evenly across each local calendar day and resets at local midnight.

This is a net change averaged across a year, not gross new money created each day. Month-to-month balances move unevenly, and future H.6 releases can revise the history. The counter is a scale illustration, not a daily forecast or a live measure.

How to read the number

The large balance is the latest published M2 stock. The moving figure starts at zero for the day and applies the trailing-year average pace. It does not show the current month’s change, a Federal Reserve target, bank lending by itself, or physical cash production.