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What is the M1 money supply?

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Quick Answer

An M1 money supply defines a country's supply of money as an exchange medium and focuses on money that is currently in circulation. Money that is available to spend, such as coins, bills and checks, falls into the category of M1 money. Money in savings and investments does not.

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Full Answer

As of June 2014, the U.S. M1 money supply was $2,834.80 billion. The average M1 total for the United States from 1959 to 2014 was $796.92 billion.

The June 2014 M1 report is the all-time high for the United States since 1959. The U.S. Federal Reserve is responsible for reporting M1 statistics for the country.

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