M1 rose $1 billion in the week ended April 6.
- Share via
The Federal Reserve Board said the nation’s basic money supply, also known as M1, rose to a seasonally adjusted $739.8 billion from $738.8 billion the week before. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The central bank reported a $4.1-billion rise during March in M2, which is made up of M1 and such accounts as savings deposits and money-market mutual funds. That left it at $2.826 trillion. The Fed reported a $5.5-billion rise in M3, which is the sum of M2 plus less-liquid accounts, such as certificates of deposit in minimum denominations of $100,000. That left it at $3.526 trillion.
More to Read
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.