Fed Releases Money Supply Report: A broad...
From Times Staff and Wire Reports
Fed Releases Money Supply Report: A broad measure of the nation’s money supply, known as M2, declined in the week ended Sept. 17 to a seasonally adjusted $3,316.1 billion from $3,317.7 billion the week before, the Federal Reserve Board reported. The narrowest measure of the money supply, M1, held at a seasonally adjusted $820.7 billion, the same as the prior week’s revised level. M2 is M1 plus accounts like savings deposits and money-market mutual funds. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.
