BANKING & FINANCE - Sept. 16, 1994

Two Money Supply Measures Fall: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended Sept. 5 to a seasonally adjusted $3,594.8 billion, down $3.3 billion from a revised $3,598.1 billion the week before. A broader measure, M3, fell $3.2 billion to $4.239.9 billion from $4.243.1 billion, while the narrowest measure, M1, rose $1 billion to a seasonally adjusted $1,155.9 billion from $1,154.9 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers 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.