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<p>[QUOTE=&quot;justafarmer, post: 1314697, member: 3926&quot;]Taken directly from the Federal Reserve Website.</p><p><br /></p><p>&quot;There are several standard measures of the money supply, including the monetary base, M1, and M2. The monetary base is defined as the sum of currency in circulation and reserve balances (deposits held by banks and other depository institutions in their accounts at the Federal Reserve). M1 is defined as the sum of currency held by the public and transaction deposits at depository institutions (which are financial institutions that obtain their funds mainly through deposits from the public, such as commercial banks, savings and loan associations, savings banks, and credit unions). M2 is defined as M1 plus savings deposits, small-denomination time deposits (those issued in amounts of less than $100,000), and retail money market mutual fund shares.&quot;[/QUOTE]</p><p><br /></p>

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