Money Supply Rises: Two narrow measures of...
From Times Staff and Wire Service Reports
Money Supply Rises: Two narrow measures of the money supply increased in the week ended June 18, the Federal Reserve Board reported. The narrowest measure, M1, rose to a seasonally adjusted $807.6 billion from $807.5 billion the previous week. A slightly broader measure known as M2 rose to a seasonally adjusted $3,269.4 billion from $3,265.8 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.