The nation’s basic money supply rose $1.2...

The nation’s basic money supply rose $1.2 billion in mid-August, the Federal Reserve Board reported. The Fed said M1 rose to a seasonally adjusted $750.7 billion in the week ended Aug. 17 from a revised $749.5 billion the previous week. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The Fed estimated M1 at $749.2 billion for the previous week. For the latest 13 weeks, M1 averaged $749 billion, a 2% seasonally adjusted annual gain from the previous 13 weeks.