Currency (paper money plus coins) constitutes about 57 percent of the U.S. M1 money supply. 25 percent of the U.S. M1 money supply. 43 percent of the U.S. M1 money supply. 66 percent of the U.S. M1 money supply. Which of the following statements is true as a result of Federal Reserve efforts to rescue the financial industry from the financial crisis of 2007 and 2008? From February 2008 to March 2009 Fed lending caused the U.S. public debt to rise by over $1 trillion From February 2008 to May 2009, the Fed oversaw the consolidation of 20 major financial institutions into fewer than a dozen. From February 2008 to March 2009 Fed assets more than doubled to nearly $2 trillion From March 2008 to February 2009, the Fed experienced a 50 percent decline in the value of assets held