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BRIEFLY

The nation's basic money supply rose $2.2 billion.

April 24, 1987

The Federal Reserve Board reported that M1 rose to a seasonally adjusted $742.1 billion in the week ended April 13 from a revised $739.9 billion the previous week. The previous week's figure originally had been estimated at $739.8 billion by the Fed. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The increase was more than many analysts expected, but several said it had little, if any, effect on credit markets.

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