Coins [of various denominations] less than 1% Bills [from $5 to $100 denominations approximately] 2-3%. The balance of our “money stock” about 97% of all existing “money” consists of bank deposits. But that isn’t real money. Banks don’t have real money (cash) to lend. [You are lucky if they have one or two cents in legal tender for each dollar you think you have in the bank]. What the banks lend you is their credit in a giant ponzi scheme (that can best be described as grand larceny). The system works this way. You want to borrow $35,000 to buy a car so you visit your banker who will ask you for collateral. Once satisfied, he or she will ask you to sign a note at an agreed rate of interest. When the paperwork is complete, and the note signed, your banker will make an entry on the banks computer system and presto, a $35,000 credit will appear in your account.
The important point is that seconds earlier that “money” did not exist. It was created out of thin air, so-to-speak. It is a myth of banking that the money you borrow today is money that was deposited by someone else the day before, The odds of that happening are infinitesimal. Your money was manufactured especially for you. To add insult to injury, banks only need to have 5 cents in capital for every dollar they create that has to be repaid in full with interest. In effect, the richest most powerful people in the world are buying up assets for 5 cents on the dollar and become immensely wealthy in the process.
Most of the money in our economy is created by banks, in the form of bank deposits – the numbers that appear in your account. Banks create new money whenever they make loans. 97% of the money in the economy today is created by banks, whilst just 3% is created by the government.