Item Billions of Dollars Checkable Deposits $597 Small Time Deposits 818 Currency 639 Money-Market Mutual Funds Held by Businesses 1,045 Savings Deposits, Including Money-Market Deposit Accounts 2,866 Money-Market Mutual Funds Held by Individuals 979 Refer to the accompanying table. The value of the money included in M2 but not counted in M1 is 0 $1,457 billion. 0 $4,442 billion. 0 $2,886 billion. 0 $4,663 billion