Data for the above chart is from the Fed’s H.6 Money Stock Report, released January 24.Monetary Definitions M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and … Continue reading The Biggest Collapse in M2 Money Supply Since the Great Depression