U.S. M1 and M2 Money Supplies Fall in Week Ending April 14
M1 Money Supply fell $2.4 billion in the week ending April 14, while M2 fell $15 billion, according to figures released from the Federal Reserve Thursday.
The Fed’s Treasury holdings rose $29 million to $548.7 billion in the week.
Borrowing by securities firms fell $2.2 billion from the previous week, averaging $22.6 billion in the week.
Fed discount window lending rose $2.9 billion to $10.7 billion in the week.
By Stephen Huebl and edited by Cristina Markham
©CEP News Ltd. 2008
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