CFS Monetary Measures for June 2026

Today we release CFS monetary and financial measures for June 2026.  CFS Divisia M4, which is the broadest and most important measure of money, grew by 6.8% in June 2026 on a year-over-year basis versus 6.9% in May.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Jun26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM <GO>
2) ECST T DIVMM4IY <GO>
3) ECST <GO> –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY <GO> –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for May 2026

Today we release CFS monetary and financial measures for May 2026.  CFS Divisia M4, which is the broadest and most important measure of money, grew by 6.9% in May 2026 on a year-over-year basis versus 5.9% in April.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_May26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for April 2026

Today we release CFS monetary and financial measures for April 2026. CFS Divisia M4, which is the broadest and most important measure of money, grew by 5.9% in April 2026 on a year-over-year basis versus 5.8% in March.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Apr26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for March 2026

Today we release CFS monetary and financial measures for March 2026. CFS Divisia M4, which is the broadest and most important measure of money, grew by 5.8% in March 2026 on a year-over-year basis versus 5.7% in February.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Mar26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for February 2026

Today we release CFS monetary and financial measures for February 2026. CFS Divisia M4, which is the broadest and most important measure of money, grew by 5.8% in February 2026 on a year-over-year basis versus 5.0% in January.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Feb26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for January 2026

Today we release CFS monetary and financial measures for January 2026. CFS Divisia M4, which is the broadest and most important measure of money, grew by 5.0% in January 2026 on a year-over-year basis versus 4.9% in December.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Jan26.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for December 2025

Today we release CFS monetary and financial measures for December 2025. CFS Divisia M4, which is the broadest and most important measure of money, grew by 5.2% in December 2025 on a year-over-year basis versus 4.5% in November.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Dec25.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

CFS Monetary Measures for November 2025

Today we release CFS monetary and financial measures for November 2025. CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.5% in November 2025 on a year-over-year basis versus 4.6% in October.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Nov25.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

Artificial intelligence and systemic risk

CFS senior fellow and European Systemic Risk Board advisory scientific committee member Robin Lumsdaine and her colleagues, Stephen Cecchetti, Tuomas Peltonen, and Antonio Sanchez Serrano published a superb piece “Artificial intelligence (AI) and systemic risk.”

The report emphasizes substantial benefits from AI, but it also examines how the technology could amplify or alter existing systemic risks or create new ones.

The paper concludes with key policy proposals as well as future areas for investigation.

The full report is available at
https://www.esrb.europa.eu/pub/pdf/asc/esrb.ascreport202512_AIandsystemicrisk.en.pdf?9c33e4591f138527d8b39dab792d242f

CFS Monetary Measures for October 2025

Today we release CFS monetary and financial measures for October 2025. CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.6% in October 2025 on a year-over-year basis versus 4.4% in September.

For Monetary and Financial Data Release Report:
https://centerforfinancialstability.org/amfm/Divisia_Oct25.pdf

For more information about the CFS Divisia indices and the data in Excel:
https://centerforfinancialstability.org/amfm_data.php

Bloomberg terminal users can access our monetary and financial statistics by any of the four options:

1) ALLX DIVM
2) ECST T DIVMM4IY
3) ECST –> ‘Monetary Sector’ –> ‘Money Supply’ –> Change Source in top right to ‘Center for Financial Stability’
4) ECST S US MONEY SUPPLY –> From source list on left, select ‘Center for Financial Stability’

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New York, NY 10036
info@the-cfs.org