The Federal Reserve Board reported that the...
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The Federal Reserve Board reported that the narrowest measure of the nation’s basic money supply, known as M1, rose $400 million in the week ended June 27 to a seasonally adjusted $778.8 billion from a revised $778.4 billion the previous week. A broader measure, M2, rose to a seasonally adjusted $3.020 trillion from $3.018 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.
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