Advertisement

ECONOMY

Share
From Times Staff and Wire Reports

Two Broad Measures of Money Supply Contract: The Federal Reserve said that, in the week ended Sept. 30, M2 fell to a seasonally adjusted $3,388.9 billion from $3,392.5 billion the previous week. A broader measure, M3, fell to a seasonally adjusted $4,132.2 billion from $4,136.0 billion. The narrowest measure, M1, rose to a seasonally adjusted $875.4 billion from $870.8 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