The Federal Reserve Board reported that its...
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The Federal Reserve Board reported that its narrowest measure of the money supply, M1, rose $900 million to a seasonally adjusted average of $786.3 billion in the week ended Dec. 26 from a revised $785.4 billion in the previous week. It said the measure known as M2 rose to $3,065.7 billion from $3,065.2 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.
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