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M1 and M2 Rise: The Federal Reserve Board said the...

June 16, 1989

M1 and M2 Rise: The Federal Reserve Board said the narrowest measure of the nation's money supply, M1, rose $2.3 billion to a seasonally-adjusted $776.0 billion in the week ended June 5 from a revised $773.7 billion the previous week. The central bank said the money measure known as M2 rose $4.0 billion to a seasonally adjusted $3,080.1 billion from $3,076.1 billion the week before. 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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