BANKING & FINANCE - April 8, 1994
From Times Staff and Wire Reports
Money Supply Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply know as M2 rose in the week ended March 28 to a seasonally adjusted $3,586.2 billion, up $100 million from a revised $3,586.1 billion the week before. A broader measure, M3, fell $4.3 billion to $4,212.0 billion from $4,216.3 billion. The narrowest measure, M1, rose $3.2 billion to $1,146.4 billion from $1,143.2 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank traveler’s checks. M2 is M1 plus accounts like 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.
