Update to the September, 1985 Shadow Open Market Committee Report "The Behavior of the Monetary Aggregates in August, 1985" or

In the report that I prepared for this meeting of the Committee two weeks ago, I reviewed in detail the behavior of M1, the Adjusted Monetary Base, the base multiplier and its components over the period November, 1984 through July, 1985. The data that became available this week show little if any revision in the numbers over this period of time, so I will not add to the confusion by redoing that analysis, since the major conclusions reached there still hold. Instead, I will concentrate on the August numbers