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Monday, 30 July 2012

M2 Money Supply, 16 July 2012 (USA)

The M2 Money Supply reported by the Federal Reserve Bank of St. Louis, USA, increased by 8.7% year-on-year (YoY) for the week ending 16 July 2012 to USD 10,035.1 billion. The percentage increase was up slightly on the 8.6% YoY increase last week. In a historical perspective based on data going back to 1980, the current percentage increase in money supply is high. The average YoY percentage increase since 1980 is 5.9%.

Notes from the Federal Reserve Bank of St. Louis:
M2 includes a broader set of financial assets held principally by households. M2 consists of M1 plus: (1) savings deposits (which include money market deposit accounts, or MMDAs); (2) small-denomination time deposits (time deposits in amounts of less than $100,000); and (3) balances in retail money market mutual funds (MMMFs). Seasonally adjusted M2 is computed by summing savings deposits, small-denomination time deposits, and retail MMMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.

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