Money Supply Barometers Drop: The two broadest...
From Times Staff and Wire Reports
Money Supply Barometers Drop: The two broadest measures fell in the week ended April 22, the Federal Reserve reported. M2 fell to $3,386.6 billion from $3,391.1 billion the previous week. M3 fell to $4,178.9 billion from $4,188.4 billion. The narrowest measure, M1, fell to $841.5 billion from $844.1 billion. 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. M3 is M2 plus less liquid accounts such as certificates of deposit in minimum denominations of $100,000.
