A broad measure of the nation’s basic...
A broad measure of the nation’s basic money supply known as M2 fell to a seasonally adjusted $3,023.6 billion in the week ended July 20 from $3,027.4 billion the week before. The Federal Reserve Board also reported that the narrowest measure of the money supply, M1, fell to a seasonally adjusted $781.4 billion from $784.5 billion. 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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