Money Supply Rises: The Federal Reserve Board...

Money Supply Rises: The Federal Reserve Board reported that the narrowest measure of the money supply, M1, edged up $100 million to a seasonally adjusted $773.1 billion in the week ended May 15 from $773 billion the previous week. The Fed said the measure known as M2 rose $600 million to a seasonally adjusted $3,070.9 billion from $3,070.3 billion 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.