The table below presents data for different components of the U.S. money supply in January2008. Use the information in the table to answer the questions that follow (all values are in billions of dollars):

Components	Amount
Currency	$758
Checkable deposits	$615
Money market account	$950
Savings	$3,868
Small-denomination time deposits	$1,282
Traveler's checks	$6
3-Month U.S. Treasury bills	$2,431

In January2008, the total value of M1 was $_____ billion.

In January2008, the total value of M2 was $______ billion.