this link http://www.treas.gov/education/faq/currency/production.shtml
states...
"During fiscal year 2007, the Bureau of Engraving and Printing (BEP) produced approximately 38 million notes a day with a face value of approximately $750 million."
i calculated from this link
http://www.usmint.gov/about_the_mint/coin_production/index.cfm?action=production_figures&allCoinsYear=2007
that a little over 2 billion dollars of coins were minted. (if i calculated correctly, if someone knows where i can find this figure to substatiate i woulnd appreciate it)
roughly 2.8 billion dollars in coins and currency.
www.economagic.com show for 2007
STL-AMB going from $847 billion to $860 billion
m1 starting at about 1.37 trillion fluctuating wildly and ending the year almost right where it was
and m2 for 2007 starting out at about $7.080 trillion and ending at $7.450 trillion in a near steady increase.
if using m2 as a total money supply and if my calculation is correct about an total increase of $2.8 billion in only coins and currency, did 2.8 billion dollars in coin and currency lead directly to a roughly 350 billion dollar increase in "total m2 money" money supply? simply as the coin and currency pyramids its way through the banking system?
thanks