Home › Forums › Financial Markets/Economics › Sometimes it’s good to reread stuff! › Yes, that is correct JP…
Yes, that is correct JP… much of the monetary base is (for now) “out of circulation” because it is just sitting as bank reserves.
A commonly used measure of money in circulation is M2 — that’s what I used in the article referred to by the OP. Here is a chart of M2:
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s%5B1%5D%5Bid%5D=M2&s%5B1%5D%5Brange%5D=5yrs
