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Q: Total USD currency in circulation ( Answered 5 out of 5 stars,   0 Comments )
Subject: Total USD currency in circulation
Category: Business and Money > Economics
Asked by: goodtms-ga
List Price: $5.00
Posted: 16 May 2003 22:04 PDT
Expires: 15 Jun 2003 22:04 PDT
Question ID: 204945
How much paper USD is currently in circulation in the United States,
and then the total in the rest of the world.  This would include all
paper money printed up by our Treasury Dept.  It does not matter that
it is not held in public hands, it could include holdings by banks, or
securities houses.
Subject: Re: Total USD currency in circulation
Answered By: ragingacademic-ga on 16 May 2003 22:23 PDT
Rated:5 out of 5 stars
goodtms -

Thanks for an interesting question, you gave me a good reason to
refresh my memory on this topic.

The Federal Reserve keeps track of money in circulation - there are
three such measures called M1, M2 and M3; they are beautifully
explained by the New York Federal Reserve Board here -

I believe that what you are looking for is M1, but you will be able to
determine this yourself once you review the three definitions.

The Fed reports on the level of these three indicators on a weekly
basis - you can view the latest data here -

For example, as of May 5th, seasonally-adjusted M1, based on a 13-week
average, was 1,235 billion dollars.  You can also view a breakdown by
type for M1 - for example, the breakdown for the May 5th number is as

Currency - 643.4 billion dollars
Travelers checks - 7.3 billion dollars
Demand Deposits - 311.2 billion dollars
At community banks - 158.9 billion dollars
At thrift institutions - 131.8 billion dollars

Please let me know if this is the information you had been seeking.  I
will be glad to clarify further or conduct additional research as


Search Strategy:

m1 "federal reserve" "currency in circulation"
goodtms-ga rated this answer:5 out of 5 stars
This is the first time I have used this service, and I was very
pleased with the results.

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