M1 slipped $800 million in early December.
The Federal Reserve Board said the nation’s basic money supply, known as M1, fell to a seasonally adjusted $720.7 billion in the week ended Dec. 8 from a revised $721.5 billion the week before, originally reported at $721.4 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.
More to Read
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.