OTHER NEWS - April 17, 1992
From Times Staff and Wire Reports
Money Supply Picture Is Mixed: The two broadest measures of the money supply moved in opposite directions in the week ended April 6, the Federal Reserve Board reported. M2 rose to a seasonally adjusted $3,467.5 billion from a revised $3,462.3 billion the previous week. The broader M3 fell to a seasonally adjusted $4,168.2 billion from a revised $4,173.0 billion. The narrowest measure, M1, rose to $940.7 billion from a revised $935.4 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.
