BANKING & FINANCE - Sept. 4, 1992
From Times Staff and Wire Reports
Money Supply Falls: The Federal Reserve Board reported that the measure of the money supply known as M2 fell in the week ended Aug. 24 to a seasonally adjusted $3,464.6 billion from $3.7 billion the week before. A broader measure, M3, fell $4.2 billion to a seasonally adjusted $4,167.5 billion. The narrowest measure, M1, fell to a seasonally adjusted $972.1 billion from $3.2 billion a week earlier. 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.
