Advertisement

Money Supply Rises: The Federal Reserve reported...

Share
From Times Staff and Wire Service Reports

Money Supply Rises: The Federal Reserve reported that the narrowest measure of the nation’s money supply, M1, edged up $100 million to a seasonally adjusted $798.6 billion in the week ended Feb. 12, from a revised $798.5 billion the week before. The measure known as M2 rose $3 billion to a seasonally adjusted $3,252.5 billion from a revised $3,249.5 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.

Advertisement