Money Supply Falls: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Falls: The narrowest measure of the nation’s money supply, M1, fell in the week ended Oct 15 to a seasonally adjusted $819.5 billion from $822.2 billion, the Federal Reserve Board reported. The Fed said a broader measure, known as M2, fell to a seasonally adjusted $3,323.6 billion from $3,325.2 billion the week before. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus such accounts as savings deposits and money-market mutual funds.
