Money Supply Soars: The Federal Reserve Board...
From Times Staff and Wire Service Reports
Money Supply Soars: The Federal Reserve Board reported that the narrowest measure of the money supply, M1, rose in the week ended Dec. 25 to a seasonally adjusted $802.4 billion from $795.5 billion the previous week. The measure known as M2 rose to a seasonally adjusted $3,227.1 billion from $3,215.7 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.
