BANKING & FINANCE - April 2, 1993
From Times Staff and Wire Reports
Money Supply Indexes Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended March 22, to a seasonally adjusted $3,470.4 billion, down $800 million from a revised $3,471.2 billion the previous week. An even broader measure, M3, fell $4 billion to $4,124.1 billion from $4,128.1 billion. The narrowest measure, M1, rose to $1,036.8 billion from $1,031.9 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.
