The nation’s basic money supply fell $7.1...
The nation’s basic money supply fell $7.1 billion in mid-July, the Federal Reserve Board reported. The Fed said the money supply, which is also known as M1, fell to a seasonally adjusted $743.3 billion in the week ended July 13 from a revised $750.4 billion the previous week. The previous week’s level originally was estimated at $749.9 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.
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