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BRIEFLY

January 29, 1988

The Federal Reserve Board reported that the nation's basic money supply rose by $3.3 billion in mid-January. The Fed said the measure of money known as M1 rose to a seasonally adjusted $761.2 billion in the week ended Jan. 18 from a revised $758.2 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The previous week's figure originally was estimated by the Fed at $757.8 billion. For the latest 13 weeks, M1 averaged $757.1 billion, a 2.6% seasonally adjusted annual rate of gain from the previous 13 weeks.

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