ADJUSTED MONETARY BASE SHRINKS

http://research.stlouisfed.org/publications/usfd/page3.pdf more money thrown at problem so where is it?

what is this?

THE REVISED MONETARY
BASE
The measure of the monetary base that
was published by the Federal Reserve Bank
of St. Louis through September 1996
included most, but not all, deposits at
Federal Reserve Banks held by domestic
depository institutions. The new measure,
presented in this article and published by
the Bank since October 1996, includes all
such deposits. The revision increases the
level of the base by an amount that varies
from zero in 1980 up to about $6 billion in
1994 and 1996.

Sources and uses of high-powered
money for the U.S. economy in December
1995 are shown in Table 1.1 Most of the
high-powered money supplied by the Federal
Reserve and the Treasury is represented
by currency in circulation and the
deposits of domestic financial institutions
at Federal Reserve Banks; together, these
constitute the monetary base.