M1 Declines: The Federal Reserve Board reported...

M1 Declines: The Federal Reserve Board reported that its narrowest measure of the money supply, M1, fell to a seasonally adjusted $781.6 billion in the week ended April 17, from $782.0 billion a week earlier. A broader measure, M2, rose to a seasonally adjusted $3,087.1 billion from $3,083.6 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.