The Federal Reserve Board reported that its...
The Federal Reserve Board reported that its narrowest measure of the nation’s money supply, M1, rose $2.2 billion to a seasonally adjusted average of $784.5 billion in the week ended Oct. 10 from $782.3 billion the previous week. The Fed also said the measure known as M2 rose to a seasonally adjusted $3,035.5 billion from $3,031 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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