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M1 Declines: The narrowest measure of the money supply...

BRIEFLY

June 23, 1989

M1 Declines: The narrowest measure of the money supply, M1, slipped $6.6 billion to a seasonally adjusted $769.5 billion in the week ended June 12 from $776.1 billion, the Federal Reserve Board reported. The Fed said a broader measure known as M2 rose $4.8 billion to a seasonally adjusted $3,084.8 billion from $3,080.0 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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