The nation’s basic money supply, M1, fell...
The nation’s basic money supply, M1, fell by $2.5 billion in early August, the Federal Reserve Board announced. The Fed said M1 fell to a seasonally adjusted $749.2 billion in the week ended Aug. 10 from a revised $751.7 billion the previous week. The previous week’s figure was originally estimated at $751.8 billion by the Fed. 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.