money supply figures for 2007

sthomper — Mon, 20 Jul 2009 06:36:31 GMT

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

Economics Questions

money supply figures for 2007