BANKING & FINANCE - Oct. 16, 1992
From Staff and Wire Reports
Money Supply Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 rose in the week ended Oct. 5 to a seasonally adjusted $3,485.5 billion from a revised $3,477.5 billion the week before. A broader measure, M3, fell $17.5 billion to a seasonally adjusted $4,156.9 billion. The narrowest measure, M1, rose to a seasonally adjusted $1,000.6 billion, up $8.6 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 in minimum denominations of $100,000.
