Money Supply Signs Are Mixed
The two broadest measures of the nation’s money supply were mixed last week, the Federal Reserve Board reported Thursday.
The Fed said the measure known as M2 fell to a seasonally adjusted $3,772.2 billion from a revised $3,773.1 billion the previous week.
An even broader measure, M3, rose to a seasonally adjusted $4,559.4 billion from a revised $4557.4 billion.
The narrowest measure of the money supply, M1, fell to a seasonally adjusted $1,123.0 billion from $1,128.3 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.