Money Supply Declines: The Federal Reserve reported...
From Times Staff and Wire Reports
Money Supply Declines: The Federal Reserve reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended Dec. 3, to a seasonally adjusted $819.0 billion from $825.6 billion the week before. A broader measure, M2, fell to a seasonally adjusted $3,311.8 billion from $3,324.7 billion the previous week. 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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