The narrowest measure of the nation’s money...
The narrowest measure of the nation’s money supply, M1, rose $700 million in the week ended Feb. 6, the Federal Reserve Board reported. The Fed said M1 rose to a seasonally adjusted $787.4 billion from a revised $786.7 billion the previous week. The broader money supply measure known as M2 fell to a seasonally adjusted $3,068.9 billion from $3,071.3 billion. 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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