The nation’s basic money supply (M1) rose...

The nation’s basic money supply (M1) rose $2.6 billion in the week ended Aug. 3, the Federal Reserve Board reported. The Fed said M1 rose to a seasonally adjusted $751.8 billion from a revised $749.2 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. It was originally reported as $749.1 billion in the previous week. A broader measure of the money supply, M2, rose $6.6 billion in July to a seasonally adjusted $2.8 trillion, the Fed said. M2 is made up of M1 and such accounts as savings deposits and money-market mutual funds.