Definition of Money Quantity

People use different ways to calculate the quantity of Federal Reserve U.S. dollars. At Monetary Choice, the inputs are:

Currency in Circulation + Checking Deposits + Savings Deposits + U.S. Government Demand Deposits and Note Balances + Demand Deposits Due to Foreign Commercial Banks + Demand Deposits Due to Foreign Official Institutions.

The first three comprise 99 percent of the dollars:

Composition of Fed Res Dollars - 2015.05

We include savings deposits because the money can be easily moved into a checking deposits from which it could be spent.

See more info about our tracking of Federal Reserve U.S. Dollars.

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