M1 Rises Slightly: The narrowest measure of...

M1 Rises Slightly: The narrowest measure of the nation’s money supply, M1, rose in the week ended Aug. 21 to a seasonally adjusted $779.6 billion from $774.8 billion the week before, the Federal Reserve Board reported. The Fed said a broader measure, known as M2, rose to a seasonally adjusted $3,138.4 billion from a revised $3,133.1 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.