Money Supply Rises: The narrowest measure of...
From Times Staff and Wire Service Reports
Money Supply Rises: The narrowest measure of the nation’s money supply, M1, rose in the week ended June 4 to a seasonally adjusted $808.2 billion from a revised $803.9 billion a week earlier, the Federal Reserve reported. A broader measure known as M2, rose to a seasonally adjusted $3,263.9 billion from a revised $3,259.4 billion the week before. 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.
