U.S. Money Supply as of May 2023

 Series Name Title                                         % from last Year

0       WALCL  Assets: Total Assets: Total Assets                    -0.030734
1        M1SL                                                 M1     -0.066295
2        M2SL                                                 M2     -0.094478
3     WCURRNS                           Currency Component of M1      0.131579
4     BOGMBBM                    Monetary Base; Reserve Balances     -6.692131
5    BOGMBASE                               Monetary Base; Total     -4.063967
6   MBCURRCIR             Monetary Base; Currency in Circulation      0.442537
7    TOTRESNS         Reserves of Depository Institutions: Total     -6.692131
8       RMFSL                          Retail Money Market Funds      0.192347

WALCL (Assets: Total Assets: Total Assets (Less Eliminations)): The total assets of the U.S. banking system decreased by 0.03% from the same month last year.

M1SL (M1): The M1 money supply decreased by 0.07% from the same month last year. M1 is a measure of the most liquid forms of money, including currency in circulation, demand deposits, and traveler's checks.

M2SL (M2): The M2 money supply decreased by 0.09% from the same month last year. M2 is a broader measure of money that includes M1 plus savings deposits, small-denomination time deposits, money market funds, and certain other liquid assets.

WCURRNS (Currency Component of M1): The currency component of the M1 money supply increased by 0.13% from the same month last year. This is the amount of currency in circulation, including coins and paper money.

BOGMMBBM (Monetary Base; Reserve Balances): Reserve balances held by depository institutions at the Federal Reserve decreased by 6.7% from the same month last year. The monetary base is the sum of currency in circulation and reserve balances held by depository institutions at the Federal Reserve.

BOGMBASE (Monetary Base; Total): The total monetary base decreased by 4.1% from the same month last year.

MBCURRCIR (Monetary Base; Currency in Circulation): Currency in circulation increased by 0.44% from the same month last year.

TOTRESNS (Reserves of Depository Institutions: Total): Reserves of depository institutions at the Federal Reserve decreased by 6.7% from the same month last year.

RMFSL (Retail Money Market Funds): Retail money market funds increased by 0.19% from the same month last year. Retail money market funds are a type of mutual fund that invests in short-term debt securities.
Overall, the U.S. money supply decreased in May 2023 from the same month last year. This was due to a number of factors, including the Federal Reserve's quantitative tightening program, the slowdown in economic growth, and the rise in interest rates. The decline in the money supply could have a negative impact on businesses and consumers, as it could lead to lower profits and higher unemployment. However, the decline in the money supply is also a sign that the Federal Reserve is taking steps to combat inflation. This could help to keep inflation under control, which would benefit businesses and consumers in the long run.