Money Supply Mixed: The narrowest measure of...
Money Supply Mixed: The narrowest measure of the nation’s money supply, M1, fell $1.6 billion in the week ended July 17 to a seasonally adjusted $777.5 billion from $779.1 billion a week earlier, the Federal Reserve Board reported. A broader measure, M2, rose $4.7 billion to a seasonally adjusted $3,123.7 billion from $3,119.0 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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