Money Supply Falls: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Falls: The narrowest measure of the money supply, M1, fell in the week ended Dec. 4 to a seasonally adjusted $789.7 billion from $793.0 billion the week before. A broader measure, known as M2, fell to a seasonally adjusted $3,207.4 billion from $3,028.4 billion the previous week. 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.