The narrowest measure of the nation’s money...
The narrowest measure of the nation’s money supply, M1, fell in the week ended Dec. 5, to a seasonally adjusted $786.4 billion from a revised $787.5 billion, according to a Federal Reserve Board report. A broader measure, M2, rose to a seasonally adjusted $3,064.1 billion from $3,061.2 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.
Kirk Kerkorian
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