Money Supply Expands: The two narrowest measures...
From Times Staff and Wire Reports
Money Supply Expands: The two narrowest measures of the nation’s money supply rose in the week ended Feb. 4, the Federal Reserve Board reported. The Fed said the measure known as M2 rose to a seasonally adjusted $3,344.5 billion from a revised $3,339.6 billion the previous week. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $833.5 billion from a revised $830.2 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 funds.
