<p>These are <a href="https://www.federalreserve.gov/releases/h6/current/default.htm" rel="nofollow noreferrer">the money supply statistics from the Federal Reserve.</a></p>

<p>You cannot infer wider money numbers from the monetary base, since there are excess reserves. Those excess reserves were not created to “back up” deposits, it was a deliberate action to expand the monetary base.</p>

CC BY-SA 4.0
2020-04-28T02:09:24.447Z
2020-04-28T02:09:24.447Z
Brian Romanchuk
<p>If we look at the total in the federal reserves account 
<a href="https://fred.stlouisfed.org/series/RESBALNSW" rel="nofollow noreferrer">Here</a> at the moment is about 3 trillion and if the reserve requirement is 10% does that mean that there is at least 30 trillion out there in money supply?</p>

<p>I know that there can be excess reserves, but give the fact that the reserves have increased dramatically in shot period of time, we can assume that there was a shortage and not excess of supply meaning the 3T were needed to back up around 30T.  </p>

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2020-04-28T02:30:26.483Z
Why do you think they measure M2 etc. if MB was enough? Or are you asking about a deriving just some bounds from M2 from MB (since you say "at least")? You need clarify (at least) what you mean by "total money supply".
fantastic peace and prosperity
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2020-04-28T02:38:11.537Z
For a (simplified) explanation on the relationship between these see https://www.sjsu.edu/faculty/watkins/moneymultiplier.htm (and https://www.sjsu.edu/faculty/watkins/money.htm)
fantastic peace and prosperity
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2020-04-28T11:39:11.460Z
@Fizz I was thinking beyond m2, including m3 and m4
user3181821
<money-supply><federal-reserve>
Can we figured out the total money supply using MB?
user3181821
# Can we figured out the total money supply using MB?

(Asked by: username_0 on 2020-04-28)

If we look at the total in the federal reserves account
[Here](https://fred.stlouisfed.org/series/RESBALNSW) at the moment is about 3 trillion and if the reserve requirement is 10% does that mean that there is at least 30 trillion out there in money supply?

I know that there can be excess reserves, but give the fact that the reserves have increased dramatically in shot period of time, we can assume that there was a shortage and not excess of supply meaning the 3T were needed to back up around 30T.

**Tags:** money-supply, federal-reserve

> **Comments:**
> **username_1**: Why do you think they measure M2 etc. if MB was enough? Or are you asking about a deriving just some bounds from M2 from MB (since you say "at least")? You need clarify (at least) what you mean by "total money supply".  
> **username_1**: For a (simplified) explanation on the relationship between these see https://www.sjsu.edu/faculty/watkins/moneymultiplier.htm (and https://www.sjsu.edu/faculty/watkins/money.htm)  
> **username_0**: @Fizz I was thinking beyond m2, including m3 and m4  

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## 1 answers

### Answer by username_2 on 2020-04-28. Score: 1 | Accepted answer

These are [the money supply statistics from the Federal Reserve.](https://www.federalreserve.gov/releases/h6/current/default.htm)

You cannot infer wider money numbers from the monetary base, since there are excess reserves. Those excess reserves were not created to “back up” deposits, it was a deliberate action to expand the monetary base.


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