The Federal Reserve Board reported that the...
The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, M1, fell $3.2 billion in the week ended April 4, to a seasonally adjusted $765 billion from $768.3 billion. An even broader measure known as M2 rose $4.6 billion, to a seasonally adjusted $2,982.7 billion from $2,979.5 billion the week before. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts such as savings deposits and money market mutual funds.
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