See the changes the Federal Reserve made in accounting for money supply M1 and M2 to M1SL and M2SL. Going forward will be interesting charting and FED watch on economic outlook.
The money supply is the total amount of money—cash, coins, and balances in bank accounts—in circulation.
The money supply is commonly defined to be a group of safe assets that households and businesses can use to make payments or to hold as short-term investments. For example, U.S. currency and balances held in checking accounts and savings accounts are included in many measures of the money supply.1
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