Money Supply Declines: The narrowest measure of...
From Times Staff and Wire Reports
Money Supply Declines: The narrowest measure of the nation’s money supply, known as M1, fell in the week ended Oct. 22 to a seasonally adjusted $818.8 billion from $819.2 billion, the Federal Reserve Board reported. A broader measure, M2, fell to a seasonally adjusted $3,318.7 billion from $3,323.0 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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