Money Supply Contracts: The narrowest measure of...
From Times Staff and Wire Service Reports
Money Supply Contracts: The narrowest measure of the nation’s money supply, known as M1, fell to a seasonally adjusted $803.7 billion from $806.9 billion in the week ended May 28, the Federal Reserve Board reported. The Fed said the measure known as M2 fell to a seasonally adjusted $3,258.6 billion from $3,266.4 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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