Money Supply Rises: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Rises: The narrowest measure of the money supply, M1, rose in the week ended Oct. 1 to a seasonally adjusted $829.3 billion from $821.6 billion, the Federal Reserve Board reported. The Fed said a broader measure known as M2 rose to a seasonally adjusted $3,324.2 billion from $3,315.7 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money-market mutual funds.
