BANKING & FINANCE - Feb. 25, 1994
From Times 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 Feb 14 to a seasonally adjusted $3,573.3 billion, up $4.5 billion from a revised $3,568.8 billion the week before. An even broader measure, M3, fell $4.1 billion to $4,209.3 billion from $4,213.4 billion. The narrowest measure, M1, rose $3.4 billion to $1,139.3 billion from $1,135.9 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.
