http://www.federalreserve.gov/releases/h3/

Check out what happened to the Banking non-borrowed reserves of banking institutions. For the first time in over a half a century they have gone negative and in a big way.

http://www.newyorkfed.org/markets/so...choldings.html
The Federal reserve at this moment has 473 billion dollars on reserve. Six months ago it was 413 billion. That is a massive increase in money supply.