Other Currency Outside the Treasury for United States
M1436AUSM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
476.00
Year-over-Year Change
-6.11%
Date Range
6/1/1878 - 12/1/1914
Summary
The 'Other Currency Outside the Treasury for United States' trend measures the value of U.S. dollars held outside of the Federal Reserve and Treasury. This metric is closely watched by economists and policymakers as an indicator of currency demand and monetary policy effectiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total value of U.S. currency and coin in circulation, excluding the amounts held by the Federal Reserve Banks and the U.S. Treasury. It serves as a key measure of the public's demand for physical currency, which has important implications for monetary policy and the broader economy.
Methodology
The data is collected and calculated by the Federal Reserve based on its records of currency issuance and redemption.
Historical Context
This trend provides insights into consumer and business preferences for holding physical cash versus digital money, which can inform central bank decisions on currency management and monetary policy.
Key Facts
- U.S. currency in circulation reached a record high of $2.3 trillion in 2022.
- The value of currency outside the Treasury has grown steadily over the past decade.
- The COVID-19 pandemic led to a surge in demand for physical cash as a 'safe haven' asset.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of U.S. currency and coin in circulation, excluding the amounts held by the Federal Reserve Banks and the U.S. Treasury.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into public demand for physical cash, which has important implications for monetary policy, currency management, and the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and calculates this data based on its records of currency issuance and redemption.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge consumer and business preferences for holding physical cash versus digital money, which can inform central bank decisions on currency management and monetary policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing a timely and reliable indicator of currency demand.
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Citation
U.S. Federal Reserve, Other Currency Outside the Treasury for United States (M1436AUSM144NNBR), retrieved from FRED.