Money Supply Mixed: The narrowest measure of...
Money Supply Mixed: The narrowest measure of the nation’s money supply, M1, fell in the week ended Oct. 8, to a seasonally adjusted $821.9 billion from $828.8 billion a week earlier, the Federal Reserve Board reported. The Fed said a broader measure, known as M2, rose to a seasonally adjusted $3,325.5 billion from $3,322.2 billion the week before. 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.
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