M1 declined $2.6 billion in early February.

The Federal Reserve Board reported that the basic money supply, known as M1, fell to a seasonally adjusted $734.2 billion in the week ended Feb. 9 from a revised $736.8 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The previous week’s figure originally was estimated by the Fed at $736.9 billion. For the latest 13 weeks, M1 averaged $729.7 billion, a 19.1% seasonally adjusted annual rate of gain from the previous 13 weeks.