Money Supply Increases: Two indicators of the...
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From Times Staff and Wire Reports
Money Supply Increases: Two indicators of the nation’s money supply rose in the week ended Dec. 31. The Federal Reserve Board said the narrowest measure of the money supply, M1, rose to a seasonally adjusted $832.2 billion from a revised $828.1 billion. The measure known as M2 rose to a seasonally adjusted $3,325.0 billion from a revised $3,321.3 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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