BANKING & FINANCE - April 10, 1992

Money Supply Falls: The Federal Reserve said the measure of the nation’s money supply known as M2 fell in the week ended March 30 to a seasonally adjusted $3,461.4 billion from a revised $3,468.5 billion the week before. An even broader measure, M3, fell to a seasonally adjusted $4,172.6 billion from a revised $4,183.6 billion. The narrowest measure, M1, fell to a seasonally adjusted $935.5 billion from $938.4 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.