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BRIEFLY

September 18, 1987

The nation's basic money supply dropped by $5 billion in early September, the Federal Reserve Board reported. The Fed said M1 fell to a seasonally adjusted $746 billion in the week ended Sept. 7 from a revised $751 billion the preceding week, which was originally reported as $750.7 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.

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