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.
@chris: I believe the term âin circulationâ refers to all of the money the US treasury has printed minus the dollars that have been taken out of circulation. So $829 billion is the amount of money in circulation and banks. Which really puts a perspective on the $700 billion bailout plan. According to Allies link: As of December 2007, currency in circulationâthat is, U.S. coins and paper currency in the hands of the public âtotaled about $829 billion dollars.