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: Federal Reserve Exercise

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Assignment topic: Federal Reserve Exercise
Format: APA
Number of pages: 1 page / 275 words

Go to the website of the Federal Reserve Bank of St. Louis at https://www.stlouisfed.org (Links to an external site.). Go to research and data (first link on menu bar) and access the Federal Reserve Economic Database (FRED).

  • Compare the present size of M1 and M2 money stock measures with the data presented in the measures of the U.S. money supply section of this chapter.
  • Also find the current sizes of these M1 components: currency, travelers’ checks, demand deposits, and other checkable deposits.
  • Express each component as a percentage of M1 and compare your percentages with those presented in the chapter.

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MEASURES OF THE U.S. MONEY SUPPLY

 

  • Compare the present size of M1 and M2 money stock measures with the data presented in the measures of the U.S. money supply section of this chapter.

According to the U.S. Money supply section of this chapter, the total value of M1 as at December 2018 is $ 3,818.9 Billion and that of M2 is $ 14,538.8 Billion. However, there is large change in these values checking from the current size of M1 and M2 money stock. In the present time, we can see the value of M1 is at $ 20, 558.0 Billion, which is 81.42% greater than the value presented in the measures of the U.S. money supply section of this chapter. Besides, the value of M2 in the present time is given as $ 21,795.9 Billion which is 33.02% greater than the measures of the U.S. money supply section of this chapter.

 

M1 U.S. Money Supply

MI Component                                                      $Billions Percentage
Currency 1,626.1 42.6
Traveler’s checks 1.7 0.0
Demand deposits 1,553.4 40.7
Other checkable deposits 637.7 16.7
Total M1 3,818.9 100.0

 

  • Also find the current sizes of these M1 components: currency, travelers’ checks, demand deposits, and other checkable deposits.

Present Size of M1 Money Stock Measures

MI Component                                                      $Billions Percentage
Currency 2,187.1 10.64
Traveler’s checks 0 0.0
Demand deposits 5,025.5 24.45
Other checkable deposits 13,345.4 64.91
Total M1 20,558.0 100.0
  • Express each component as a percentage of M1 and compare your percentages with those presented in the chapter.

Checking at these percentage change, you can see that based on the present data presented, the percentage of currency and demand deposits have decreased significantly. However, other checkable deposits have more than 10 times increase.

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