Advertisement

Money Supply Unchanged: The narrowest measure of...

Share

Money Supply Unchanged: The narrowest measure of the money supply, M1, was unchanged at a seasonally adjusted $789 billion for the week ended Sept. 23, the Federal Reserve Board reported. A somewhat narrower measure known as M2 was also unchanged at a seasonally adjusted $3,179.6 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.

Advertisement