M1 Retreats: The Federal Reserve Board reported...
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M1 Retreats: The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended Aug. 14 to a seasonally adjusted $774.6 billion from the previous week’s $778.8 billion. The Fed said the measure known as M2 rose to a seasonally adjusted $3,133.4 billion from $3,132.3 billion the previous week. 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.
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