The table shows the amounts held as the various components of M$1$ and M$2.$

Calculate the value of M$1$ and M$2.$

The value of M$1$ is $ $$ billion.

The value of M $2$ is $ $$ billion.

$\backslash$table$[[$Item$,$Sbillions$],[$Savings deposits,$350],[$Checking deposits,$200],[$Small time deposits,$300],[$Money market funds and other deposits,$160],[$Currency and traveler's checks,$70]]$