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BRIEFLY

November 20, 1987

The nation's basic money supply fell $3.7 billion in the first week of November, the Federal Reserve Board reported. The Fed said M1 fell to a seasonally adjusted $759.1 billion in the week ended Nov. 9 from $762.8 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. For the latest 13 weeks, M1 averaged $755.4 billion, a 3.3% seasonally adjusted annual rate of gain from the previous 13 weeks.

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