The Federal Reserve Board reported that the...
- Share via
The Federal Reserve Board reported that the narrowest measure of the nation’s basic money supply, known as M1, rose $7.1 billion in the week ended July 11 to a seasonally adjusted $784.3 billion from a revised $777.2 billion the week before. A broader measure, M2, rose to a seasonally adjusted $3.028 trillion in the week ended July 11 from $3.023 trillion the previous week. 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.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
