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North America

US Monetary Aggregates

September 2025 

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Last update:

US monetary aggregate M1 varied by +0.41% in September 2025 in a monthly basis. Over the last 12 months, M1 varied by +4.25%.

M1 components, which are currency, demand deposits and other liquid deposits, experienced an annual variation of +2.55%, +7.02% and +3.19% respectively:

Data from Board of Governors of the Federal Reserve System - Money Stock Measures - H.6 Release
July 2025August 2025September 2025
Currency+2.23%+2.43%+2.55%
Demand deposits+6.96%+7.37%+7.02%
M1+4.31%+4.20%+4.25%
Other liquid deposits+3.28%+3.15%+3.19%
M1
Percentage Annual VariationShaded area = recession

Uncovered Value