monetary base

In economics, the monetary base (also base money, money base, high-powered money, reserve money, outside money, central bank money or, in the UK, narrow money) in a country is the total amount of money created by the central bank. This includes:

the total currency circulating in the public,
plus the currency that is physically held in the vaults of commercial banks,
plus the commercial banks' reserves held in the central bank.The monetary base should not be confused with the money supply, which consists of the total currency circulating in the public plus certain types of non-bank deposits with commercial banks.

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