BANKING & FINANCE - Sept. 25, 1992
From Times Staff and Wire Reports
Money Supply Grows: The Federal Reserve said the measure of the nation’s money supply known as M2 rose in the week ended Sept. 14 to a seasonally adjusted $3,479.4 billion, up $2.1 billion from the week before. An even broader measure, M3, rose $11.1 billion to a seasonally adjusted $4,183.9. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $986.3 billion, up $2.8 billion from the previous week. 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.
