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 Jan. 7 to a seasonally adjusted $824.4 billion from $832.6 billion the week before, the Federal Reserve Board reported. The measure known as M2 declined to a seasonally adjusted $3,312.1 billion from $3,325.8 billion a week earlier. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money market mutual funds.
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