M3 Not the BMW?

Has anyone out there looked at the consolidation of the money supply? Banks have pulled in reserves as the consumer has been cash stricken. The money in the system- is in frugal hands. What does this mean for the future economy? I attached an article below and look forward to your feedback.

http://www.telegraph.co.uk/finance/economics/7769126/US-money-supply-plunges-at-1930s-pace-as-Obama-eyes-fresh-stimulus.html