Currency: Searching for the Black Hole

Searching for the Black Hole

Many Americans wonder where their money goes. So, it turns out, does the Government. According to a study commissioned by the Federal Reserve Board and made public last week, about $154 billion in currency and coin had been put into circulation in the U.S. as of last spring. But about 60% of that cash supply, or at least $96 billion, seems to have mysteriously disappeared. Americans are probably carrying around no more than $36 billion in their pockets or purses to make day-to-day purchases. Companies, meanwhile, probably have no more than $22 billion stashed in drawers, safes and cash registers.

So...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!