Advertisement

OTHER NEWS - Oct. 25, 1991

Share
From Times Staff and Wire Reports

Broad Measures of Money Supply Expand: The Federal Reserve Board said M2 rose to a seasonally adjusted $3,396.9 billion in the week ended Oct. 14 from a revised $3,393.7 billion the previous week. M3 climbed to a seasonally adjusted $4,140.9 billion from a revised $4,138.2 billion. The narrowest measure, M1, fell to a seasonally adjusted $873 billion from a revised $876 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