The two broadest measures of the nation’s money supply were mixed in the week ended Dec. 20, the Federal Reserve Board reported. The measure known as M2 rose to a seasonally adjusted $3,560.0 billion from a revised $3,558.9 billion the previous week. A broader measure, M3, fell to a seasonally adjusted $4,218.5 billion from a revised $4,219.8 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $1,136.3 billion from $1,128.5 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank traveler’s 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.
THE ECONOMY : Money Supply Measures Are Mixed
From Times Staff and Wire Reports