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M1 Retreats, M2 Rises: The narrowest measure of the...

June 30, 1989

M1 Retreats, M2 Rises: The narrowest measure of the nation's money supply, M1, fell in the week ended June 19, to a seasonally adjusted $768.3 billion from a revised $769.6 billion, the Federal Reserve Board reported. A broader measure, known as M2, rose to a seasonally adjusted $3,092.9 billion from a revised $3,088.6 billion the week before. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money-market mutual funds.

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