Money Supply Up Slightly: Two measures of...
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Money Supply Up Slightly: Two measures of the nation’s money supply rose slightly in the week ended March 19, the Federal Reserve Board reported. The Fed said the measure known as M2 rose $1.5 billion to a seasonally adjusted $3,271.0 billion from $3,269.5 billion the previous week. The narrowest measure of the money supply, M1, remained virtually unchanged at a seasonally adjusted $802.5 billion, compared to $802.2 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.
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