August 2023 Money Stock Measures: M1 shrinks $126.6B (-.69%), M2 shrinks $40B (-.19%).
Look at how M1 and M2 are shrinking!
Money Stock Measures. Billions of dollars unless otherwise noted.
1. 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,