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BRIEFLY

July 23, 1988

The Federal Reserve Board reported that the narrowest measure of the nation's basic money supply, known as M1, rose $7.1 billion in the week ended July 11 to a seasonally adjusted $784.3 billion from a revised $777.2 billion the week before. A broader measure, M2, rose to a seasonally adjusted $3.028 trillion in the week ended July 11 from $3.023 trillion the previous week. 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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