Money Supply Mixed: The Federal Reserve Board...
From Times Staff and Wire Service Reports
Money Supply Mixed: The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, known as M1, fell in the week ended May 7 to a seasonally adjusted $805.5 billion from $805.7 billion. A broader measure, M2, rose to a seasonally adjusted $3,271.6 billion from $3,269.2 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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