M1, M2 Rise: The Federal Reserve Board...
From Times Staff and Wire Service Reports
M1, M2 Rise: The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, known as M1, rose in the week ended Jan. 29 to a seasonally adjusted $796.9 billion from $794.2 billion a week earlier. The measure known as M2 rose to a seasonally adjusted $3,233.9 billion from $3,225.4 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.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
