BANKING & FINANCE - Nov. 13, 1993
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Money Supply Mixed: The Federal Reserve Board said the measure of the nation’s money supply known as M2 fell in the week ended Nov. 1 to a seasonally adjusted $3,529.1 billion, down $1.1 billion from a revised $3,530.2 billion the week before. An even broader measure, M3, fell $8.7 billion to $4,175.5 billion, from $4,184.2 billion. The narrowest measure, M1, rose $4.9 billion to $1,118.7 billion, from $1,113.8 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.
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