BANKING & FINANCE - Aug. 7, 1992
From Times Staff and Wire Reports
Money Supply Rises: The Federal Reserve Board reported that the money supply measure known as M2 rose in the week ended July 27 to a seasonally adjusted $3,454.7 billion, up $2.6 billion from the week before. A broader measure, M3, rose to a seasonally adjusted $4,154.6 billion, up $800 million from the week before. The narrowest measure, M1, rose $1.4 billion to a seasonally adjusted $962.8 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like 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.
