Paula had her first panic attack six months ago. She was in her office preparing for an important work presentation when, suddenly, she felt an intense wave of fear. Then the room started spinning and she felt like she was going to throw up.
There is about $1.2 trillion dollars of U.S. currency in circulation. The Federal Reserve Banks distribute new currency for the U.S. Treasury Department, which prints it.
currency in circulation Definition The total amount of paper currency, coins, and demand deposits that is held by consumers and businesses rather than by financial institutions, central banks, and the U.S. Treasury. Currency in circulation is thus the sum of currency held by the public, and is a component of a bank's reserves. It is an important factor that the Federal Open Market Committee takes into account when setting the money supply, since a decline in the currency in circulation means that banks don't have as many demand deposits in their reserve.