Money Supply Sags: The Federal Reserve reported...
From Times Staff and Wire Reports
Money Supply Sags: The Federal Reserve reported that the measure of the nation’s money supply known as M1 fell in the week ended March 12 to a seasonally adjusted $802.2 billion from a revised $807.0 billion. The measure known as M2 fell to a seasonally adjusted $3,669.3 billion from a revised $3,269.7 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.
