Money Supply Falls: The Federal Reserve said the measure of the money supply known as M2 fell in the week ended Sept. 28 to a seasonally adjusted $3,477.9 billion from $1.8 billion the previous week. A broader measure, M3, fell $7.2 billion to a seasonally adjusted $4,171.3 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $991.6 billion, up $100 million from $991.5 billion, the week before. 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.
From Times Staff and Wire Reports
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