the following table shows the components of m1 and m2 in billions of dollars for the month of december in the years 2009 to 2019 reported by the federal reserve bank of st. louis. year currency in circulation checkable deposits savings deposits time deposits money market funds 2009 $863.7 $829.1 $4,812.0 $1,187.5 $791.1 2010 918.8 917.9 5,331.5 934.4 686.7 2011 1,001.6 1,162.7 6,033.6 776.9 676.3 2012 1,090.7 1,370.4 6,683.3 645.8 655.4 2013 1,160.7 1,503.7 7,128.2 570.4 652.0 2014 1,253.2 1,687.1 7,573.0 523.4 631.3 2015 1,339.5 1,754.4 8,169.7 413.2 653.3 2016 1,420.9 1,919.0 8,814.5 353.4 691.3 2017 1,525.0 2,082.3 9,110.3 414.2 703.8 2018 1,624.8 2,121.7 9,260.9 532.9 811.5 2019 1,710.9 2,266.2 9,765.2 580.0 979.9 a. calculate m1 and currency in circulation as a percentage of m1 for the selected years below.
