Advertisement

OTHER NEWS

From Times Staff and Wire Reports

Money Supply Increases: The two broadest measures of the money supply rose in the week ended Aug. 26, the Federal Reserve Board reported. M2 rose to $3,397.4 billion from $3,391.0 billion the previous week. A broader measure, M3, rose to $4,151.9 billion from $4,147.0 billion. The narrowest measure, M1, rose to $869.9 billion from $864.6 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.


Advertisement
Advertisement