Money Supply Rises: A broad measure of...
Money Supply Rises: A broad measure of the nation’s money supply rose in the week ended May 29, the Federal Reserve Board reported. The Fed said the measure known as M2 rose to a seasonally adjusted $3,077.1 billion from $3,072.6 billion the previous week. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $773.9 billion from $772.3 billion. 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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