The nation’s basic money supply jumped $5.7...
The nation’s basic money supply jumped $5.7 billion to $757.2 billion in the week ended Oct. 5, up from $751.5 billion the week before, the Federal Reserve Board reported. The basic money supply, known as M1, includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The central bank also reported that M2 rose $12.6 billion to a seasonally adjusted average of $2.875 trillion in September from $2.862 trillion in August. M2 is made up of M1 and such accounts as savings deposits and money-market mutual funds.
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