OTHER NEWS - Oct. 28, 1994
From Times Staff and Wire Reports
Money Supply Mixed: The Federal Reserve Board said the measure known as M2 rose to a seasonally adjusted $3,597.2 billion from a revised $3,593.4 billion for the week ended Oct. 17. An even broader measure, M3, rose to a seasonally adjusted $4,260.9 billion from a revised $4,256.7 billion. The narrowest supply measure, M1, was unchanged at $1,149.4 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 large certificates of deposit.
