Money Supply Rises: In a report delayed...
From Times Staff and Wire Reports
Money Supply Rises: In a report delayed by one day due to the Independence Day holiday, the Federal Reserve Board said the narrowest measure of the money supply, M1, rose $1.3 billion to a seasonally adjusted $808.8 billion in the week ended June 25 from a revised $807.5 billion the previous week. The central bank said a measure known as M2 advanced $1 billion to a seasonally adjusted $3,270.5 billion from $3,269.5 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.
