BANKING & FINANCE - Oct. 15, 1993
Money Supply Rises: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 rose in the week ended Oct. 6 to a seasonally adjusted $3,539.6 billion, up $4.2 billion from a revised $3,535.4 billion the week before. A broader measure, M3, rose $7.3 billion to a seasonally adjusted $4,192.2 billion from a revised $4,184.9 billion. The narrowest measure, M1, rose $2.1 billion to a seasonally adjusted $1,114.0 billion from $1,111.9 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks.
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