Money Supply Rises: A broad measure of...
From Times Staff and Wire Reports
Money Supply Rises: A broad measure of the nation’s money supply rose in the week ended Sept. 24, while the narrowest measure grew slightly, the Federal Reserve Board reported. The Fed said the measure known as M2 rose to a seasonally adjusted $3,316.2 billion from $3,315.6 billion the week before. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $821.7 billion from $820.6 billion. 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.
