Money Supply Down: The Federal Reserve Board...
From Times Staff and Wire Reports
Money Supply Down: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended July 9 to a seasonally adjusted $3,274.8 billion from a revised $3,277.5 billion the week before. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $810.2 billion from a revised $817.7 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.
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