Friday, 15 February 2013

M1 Money Supply Surges 12.49% on Last Year, Movements in the U.S Monetary Base and Money Supply (as of 6 Feb-13)


Base money (monetary base) increased rapidly for the third period in a row according to bi-weekly data released by FRED today for the period ending 6 February 2013. The increase brought base money 1.17% higher than the USD 2.7960 trillion reported two weeks ago to USD 2.8286 trillion this week (see separate report for the money base). All the money supply measures also increased  significantly on last year and more so than base money with M1 increasing the most, up 12.49% compared to the same week last year. 

Monetary Base
The Monetary Base increased 1.17% for the bi-weekly period. At USD 2.8286 trillion it was the highest base ever reported. The base was up by 5.22% compared to the same period last year.

M1 Money Stock/Supply
The M1 Money Stock was up 0.94% for the bi-weekly period and ended the week on USD 2.4863 trillion. Compared to the same period last year, M1 increased 12.49%.

M2 Money Stock/Supply
M2 Money Stock decreased 0.13% for the bi-weekly period and ended the week on USD 10.4172 trillion. Compared to the same period last year, M2 was up by 7.09%.

M1 Multiplier and M2/Base ratio
The M1 multiplier remains considerable lower than it was during 2007 and the majority of 2008. It has however increased steadily from around June 2011 and ended the week 6.93% higher than this time last year. The M2/Base ratio also remains considerably lower than the historical average, but it has also increased steadily since June 2011 and is now 1.78% higher than this time last year.







No comments:

Post a Comment