BANKING & FINANCE - Dec. 5, 1994
From Times Staff and Wire Reports
Money Supply Up in Week: The Federal Reserve reported that the money supply measure known as M2 rose in the week ended Nov. 21 to a seasonally adjusted $3,605.5 billion, up $17.3 billion from the week before. An even broader measure, M3, rose $10 billion to $4,275.7 billion. The narrowest measure, M1, rose to $1,153.0 billion, up $9.4 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers 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 denominations of $100,000.
