The Federal Reserve reported that the narrowest...
The Federal Reserve reported that the narrowest measure of the nation’s money supply, M1, rose to a seasonally adjusted $771.2 billion in the week ended May 30, from a revised $769.1 billion the previous week. The previous week’s total was initially estimated at $769.3 billion. A broader measure known as M2 rose to a seasonally adjusted $3.011 trillion from $3.007 trillion the previous week. 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.
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.