BOGMBASEMonetary Base (BOGMBASE) — Current Value & Historical Data
FRED series title: Monetary Base: Total
Monetary Base (BOGMBASE) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is Monetary Base (BOGMBASE)?
H.6 Technical Q&As 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.
Current Monetary Base (BOGMBASE) Value
As of August 1, 2026, the current monetary base: total is 5411.60 Billions of Dollars. This is the most recent observation available for this series, updated monthly.
Monetary Base Historical Trend
Monetary Base: Total fell 2.03% month-over-month. Over the past year, monetary base: total fell 5.72% from July 2025. In the series' tracked history, the highest recorded value was 6413.10 (December 2021), and the lowest was 48.40 (February 1961).
Methodology & Source
Source
Federal Reserve Board
Frequency
Monthly
Units
Billions of Dollars
Notes
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.a...
Frequently Asked Questions About Monetary Base (BOGMBASE)
What is the current monetary base: total?
As of August 1, 2026, monetary base: total stands at 5411.60 Billions of Dollars.
Where does monetary base: total data come from?
Monetary Base: Total data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is monetary base: total updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for monetary base: total?
In the available data, the highest value was 6413.10 Billions of Dollars in December 2021, and the lowest was 48.40 Billions of Dollars in February 1961.
How has monetary base: total changed over the past year?
Over the past year, monetary base: total decreased 5.72%.
See Monetary Base in context
BOGMBASE is tracked on the Fed Balance Sheet & Liquidity dashboard, alongside related indicators and historical context.
View the Fed Balance Sheet & Liquidity dashboard →Related government-spending dashboards
How Monetary Base connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2025)
Net outlays by federal agency for FY 2019 and FY 2025, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.