The Monetary Aggregates

Data for the Federal Reserves monetary aggregates (M1, M2, and M3) are published every Friday. In the Wall Street Journal, the data are found in the "Federal Reserve Data" column, an example of which is presented here.

The third entry indicates that the money supply (M2) averaged $5,822.7 billion for the week ending

December 23, 2002. The notation "sa" for this entry indicates that the data are seasonally adjusted; that is, seasonal movements, such as those associated with Christmas shopping, have been removed from the data. The notation "nsa" indicates that the data have not been seasonally adjusted.

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