Money Supply Grows: The two narrowest measures...
From Times Staff and Wire Reports
Money Supply Grows: The two narrowest measures of the nation’s money supply rose in the week ended Dec. 10. The Fed said the measure known as M2 rose to a seasonally adjusted $3,318.0 billion from $3,309.7 billion the previous week. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $820.4 billion from $818.8 billion. 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.
