what is m1 
m1 is the money supply that is composed of currency demand deposits other liquid deposits which includes savings deposits m1 includes the most liquid portions of the money supply because it contains currency and assets that either are or can be quickly converted to cash however near money and near near money which fall under m2 and m3 cannot be converted to currency as quickly understanding m1m1 money is a country s basic money supply that s used as a medium of exchange m1 includes demand deposits and checking accounts which are the most commonly used exchange mediums through the use of debit cards and atms of all the components of the money supply m1 is defined the most narrowly m1 does not include financial assets such as bonds m1 money is the money supply metric most frequently utilized by economists to reference how much money is in circulation in a country note that in may 2020 the definition of m1 changed to include savings accounts given the increased liquidity of such accounts 2money supply and m1 in the united statesup until march 2006 the federal reserve published reports on three money aggregates m1 m2 and m3 since 2006 the fed no longer publishes m3 data 3 m1 covers types of money commonly used for payment which includes the most basic payment form currency the amount of currency in circulation or held in deposits at the federal reserve is called m0 or the monetary base 45m1 is defined as the sum of all currency in circulation plus the value of most liquid deposits at commercial banks except those held by the government foreign banks or other depository institutions 5 because m1 is so narrowly defined very few components are classified as m1 the broader classification m2 also includes savings account deposits small time deposits and retail money market accounts 6closely related to m1 and m2 is money zero maturity mzm mzm consists of m1 plus all money market accounts including institutional money market funds mzm represents all assets that are redeemable at par on demand and is designed to estimate the supply of readily circulating liquid money in the economy 7the money supply within the united states is graphically depicted by the federal reserve the graphical depiction lists the money supply in billions of dollars on the y axis and the date on the x axis the information is periodically updated on the federal reserve of st louis site 8