Data for the Central Bank of the United States The Federal Reserve reported bills and coins outside the bank were 125 billion. U.S. commercial banks had checkable deposits of 90 billion and savings deposits of 1280 billion. The amount in bank's vaults was 75 billion. Certificate of deposits were 5 billion. Time deposits were 10 billion. Money market funds were 95 billion. Banks had deposits at the Federal Reserve of 300 billion. Calculate the following: M1 and M2