Money Supply Rises: Two measures of the...
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From Times Staff and Wire Reports
Money Supply Rises: Two measures of the nation’s money supply rose in the week ended July 30, the Federal Reserve Board reported. The narrowest measure of the money supply, M1, rose to $809.8 billion from $807.8 billion. The measure known as M2 rose to a seasonally adjusted $3,270.4 billion from a revised $3.270.1 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.
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