# United States Narrow Money (M1)

United States Narrow Money (M1) was up 6.2% year on year in September 2026, compared with 6.1% in August 2026.
The level stood at 20,061 USD bn.
That is the highest reading since June 2022.
Among the 9 economies Makrognosis covers on this measure, it is the 4th lowest.
Over the past ten years it has ranged from −10.8% (Aug 2023) to 356.9% (Feb 2021), averaging 36.9%.

- Source agency: Board of Governors of the Federal Reserve System (Data Download Program)
- Makrognosis code: `US.M1.M.SA`
- Frequency: monthly
- Units: USD bn
- Coverage: 1966-01-01 to 2026-09-01 (729 observations)
- Page: https://makrognosis.robomacro.com/data/united-states/narrow-money-m1

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| September 2026 | 20,061 USD bn | 6.2 |
| August 2026 | 19,967 USD bn | 6.1 |
| July 2026 | 19,864 USD bn | 5.8 |
| June 2026 | 19,771 USD bn | 5.6 |
| May 2026 | 19,689 USD bn | 5.6 |
| April 2026 | 19,469 USD bn | 4.7 |
| March 2026 | 19,381 USD bn | 4.6 |
| February 2026 | 19,346 USD bn | 4.6 |
| January 2026 | 19,165 USD bn | 3.9 |
| December 2025 | 19,072 USD bn | 3.8 |
| November 2025 | 18,998 USD bn | 3.6 |
| October 2025 | 18,965 USD bn | 4.2 |
| September 2025 | 18,884 USD bn | 4.1 |
| August 2025 | 18,820 USD bn | 4.1 |
| July 2025 | 18,783 USD bn | 4.2 |
| June 2025 | 18,726 USD bn | 3.9 |
| May 2025 | 18,642 USD bn | 3.5 |
| April 2025 | 18,601 USD bn | 3.5 |
| March 2025 | 18,535 USD bn | 2.8 |
| February 2025 | 18,491 USD bn | 2.7 |
| January 2025 | 18,442 USD bn | 2.6 |
| December 2024 | 18,374 USD bn | 2.3 |
| November 2024 | 18,336 USD bn | 1.9 |
| October 2024 | 18,209 USD bn | 0.9 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/US.M1.M.SA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/US.M1.M.SA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```