Money Supply Broadens: The Federal Reserve Board...
From Times Staff and Wire Reports
Money Supply Broadens: The Federal Reserve Board reported that the narrowest measure of the money supply, M1, rose in the week ended Dec. 11 to a seasonally adjusted $793.1 billion from $789.7 billion the week before. The measure known as M2 rose to a seasonally adjusted $3,212.2 billion from $3,207.4 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank traveler’s checks. M2 is M1 plus accounts such as savings deposits and money-market mutual funds.
