Money Supply Declines: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Declines: The narrowest measure of the money supply, M1, fell to a seasonally adjusted $815.4 billion in the week ended Aug. 27 from $817.6 billion the week before, the Federal Reserve reported. The Fed said the measure known as M2 declined to a seasonally adjusted $3,304.7 billion from $3,305.4 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.
