The Federal Reserve Board reported that the...
The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended Aug. 29 to a seasonally adjusted $782.6 billion from a revised $783.5 billion. A broader measure known as M2 fell to a seasonally adjusted $3,033.6 billion in the week ended Aug. 29 from $3,034.1 billion 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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