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M1 and M2 Fall in Week Ending April 30 |
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US Economy |
Written by CEP News |
Apr 30 09 21:44 GMT |
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(CEP News) - U.S. M1 money supply fell $16.9 billion, while M2 money supply fell $4.4 billion in the week ending April 30, according to figures released by the Federal Reserve on Thursday.
The Federal Reserve also reported that Fed loans to commercial banks rose to $45.3 billion from $43.8 billion in the prior week. Holdings of Treasuries rose $14.1 billion to $549 billion and asset-backed commercial paper loans rose to $3.7 billion from $804 million. Commercial paper holdings fell $61 billion to $179.4 billion. By Stephen Huebl,
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, edited by Sarah Sussman,
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