The basic money supply rose by $1.2...

The basic money supply rose by $1.2 billion in early January, the Federal Reserve Board reported. The Fed said M1 rose to a seasonally adjusted $757.8 billion in the week ended Jan. 11 from $756.6 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The Fed also said it has revised upward by $200 million the December averages for M1 and two broader measures of monetary growth, M2 and M3. December M1 now stands at $753.1 billion, M2 at $2.8973 trillion and M3 at $3.6656 trillion. M2 is made up of M1 and such accounts as savings deposits and money market mutual funds. M3 is the sum of M2 plus less-liquid accounts, such as certificates of deposit in minimum denominations of $100,000.