The narrowest measure of the nation’s money...

The narrowest measure of the nation’s money supply, M1, rose $6.7 billion to a seasonally adjusted $793.1 billion from $786.4 billion in the week ended Jan. 2, the Federal Reserve Board reported. Its growth in 1988 was 4.3%. A broader measure, M2, rose $3.1 billion to a seasonally adjusted $3,068.7 billion, from $3,065.6 billion the week before. M2 grew 5.4% in 1988, according to a comparison of the last 13 weeks of 1988 with the last 13 weeks of 1987. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money market mutual funds.