Tuesday, October 24, 2006

Money Supply and Floor Space

I learn so much from being on certain listservs. For instance, from the Business Librarians' list, I've learned that:
M1 Money supply = currency, demand deposits, checkable deposits, and travelers checks
M2 money supply = M1 + savings deposits, small time deposits, and money market mutual funds
M2 is the more accepted total and is always much larger than M1.

Information on this is released weekly here. Historical data can be found here. Information can also be found here and here , though I find the latter, because of the format, to be less useful.

Small business folks probably won't be asking about these things, but you may have a relationship with economic development folks or others who may wish to know.

Another tidbit I learned are the definitions of a building's floor space:

Gross floor area - "The total area of all the floors of a building, including intermediately floored tiers, mezzanine, basements, etc., as measured from the exterior surfaces of the outside walls of the buildings".
Net floor area - "The occupied area of a building not including hallways, elevator shafts, stairways, toilets and wall thicknesses."

I can imagine that advisors advising clients who may be thinking of acquiring a building or renting a space may find the definitions useful.

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