Advertisement

The Federal Reserve reported that a broad...

Share via

The Federal Reserve reported that a broad measure of the nation’s money supply, known as M2, rose in the week ended July 25 to a seasonally adjusted $3,024.6 billion from a revised $3,023.4 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $3,822.4 billion from $3,819.6 billion. The narrowest measure, M1, rose to a seasonally adjusted $781.8 billion from a revised $781.3 billion. 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. M3 is M2 plus less liquid accounts, such as certificates of deposit in minimum denominations of $100,000.

Advertisement