Money Supply Declines: The narrowest measure of...
From Times Staff and Wire Service Reports
Money Supply Declines: The narrowest measure of the nation’s money supply, M1, fell in the week ended May 14 to a seasonally adjusted $802.9 billion from a revised $806.1 billion the week before, the Federal Reserve Board reported. The measure known as M2 dropped to a seasonally adjusted $3,266.5 billion from a revised $3,271.5 billion a week earlier. 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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