Money Supply Shrinks: The Federal Reserve reported...
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From Times Staff and Wire Service Reports
Money Supply Shrinks: The Federal Reserve reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended April 30 to a seasonally adjusted $805.4 billion from $805.7 billion. A broader measure known as M2 fell to a seasonally adjusted $3,268.7 billion from $3,273.7 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.
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