The narrowest measure of the nation’s money...
The narrowest measure of the nation’s money supply, M1, fell to a seasonally adjusted $783.8 billion from $786.3 billion in the week ended Jan. 16, the Federal Reserve Board reported. A broader measure known as M2 rose to a seasonally adjusted $3,070 billion from $3,064.1 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.
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