Title:

Velocity of M1 Money Stock

Series ID:

M1V

Source:

Federal Reserve Bank of St. Louis

Release:

Money Velocity (Not a Press Release)

Seasonal Adjustment:

Seasonally Adjusted

Frequency:

Quarterly

Units:

Ratio

Date Range:

1959-01-01 to 2011-10-01

Last Updated:

2012-04-13 9:13 AM CDT

Notes:

Calculated as the ratio of quarterly nominal GDP

(http://research.stlouisfed.org/fred2/series/GDP) to the quarterly

average of M1 money stock

(http://research.stlouisfed.org/fred2/series/M1SL).

Velocity is a ratio of nominal GDP to a measure of the money supply.

It can be thought of as the rate of turnover in the money supply--that

is, the number of times one dollar is used to purchase final goods and

services included in GDP.