The narrowest measure of the nation’s money...
The narrowest measure of the nation’s money supply, M1, fell to a seasonally adjusted $785.5 billion from a revised $787.2 billion in the week ended Dec. 19, the Federal Reserve Board reported. A broader measure of the money supply, M2, fell to a seasonally adjusted $3,065.8 billion from $3,066.7 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money-market mutual funds.
Leona Helmsley
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