Monetary Base: Total (BOGMBASE)
Monetary Base: Total — Historical Chart
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Sign Up FreeUnderstanding Monetary Base: Total
Monetary Base: Total (FRED series BOGMBASE) is a monthly economic indicator measured in billions of dollars. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1959.
Why it matters: Monetary Base: Total is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.
How to read it: focus on the direction and persistence of changes rather than any single monthly print. Comparing the latest value against its level a year ago, and against its long-run range since 1959, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
H.6 Technical Q&As (https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm) posted on August 20, 2020. The monetary base equals currency in circulation plus reserve balances. For questions on the data, please contact the data source (https://www.federalreserve.gov/apps/ContactUs/feedback.aspx?refurl=/releases/h6/%). For questions on FRED functionality, please contact us here (https://fred.stlouisfed.org/contactus/).</p>
Recent Data
| Date | Value (Bil. of $) | Change |
|---|---|---|
| April 1, 2026 | 5,470.4 | +11.8 |
| March 1, 2026 | 5,458.6 | +70.6 |
| February 1, 2026 | 5,388 | -14.5 |
| January 1, 2026 | 5,402.5 | +28.8 |
| December 1, 2025 | 5,373.7 | +71.6 |
| November 1, 2025 | 5,302.1 | -59.7 |
| October 1, 2025 | 5,361.8 | -116.2 |
| September 1, 2025 | 5,478 | -208.1 |
| August 1, 2025 | 5,686.1 | -53.9 |
| July 1, 2025 | 5,740 | -8.2 |
| June 1, 2025 | 5,748.2 | +99.5 |
| May 1, 2025 | 5,648.7 | -84.2 |
Frequently Asked Questions
What is Monetary Base: Total today?
The latest value of Monetary Base: Total (BOGMBASE) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is Monetary Base: Total updated?
Monetary Base: Total is reported monthly (Monthly). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising Monetary Base: Total mean?
A sustained rise in Monetary Base: Total signals strengthening readings in this economic measure, in billions of dollars. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the BOGMBASE data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID BOGMBASE. History is available back to 1959.
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Data sourced from FRED®, Federal Reserve Bank of St. Louis: Monetary Base: Total (BOGMBASE). Retrieved from fred.stlouisfed.org. Last updated May 26, 2026.