The nation’s basic money supply, M1, fell...
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The nation’s basic money supply, M1, fell by $2.5 billion in early August, the Federal Reserve Board announced. The Fed said M1 fell to a seasonally adjusted $749.2 billion in the week ended Aug. 10 from a revised $751.7 billion the previous week. The previous week’s figure was originally estimated at $751.8 billion by the Fed. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers’ checks.
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