OTHER NEWS - Dec. 30, 1994
From Times Staff and Wire Reports
Money Supply Mixed: For the week ended Dec. 19, the Federal Reserve Board reported that the measure known as M2 fell to a seasonally adjusted $3,593.9 billion from a revised $3,594.1 billion the previous week. The broader measure known as M3 rose to a seasonally adjusted $4,281.3 billion from a revised $4,274.5 billion. M1, the narrowest measure, fell to a seasonally adjusted $1,147.2 billion from $1,148.4 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 certificates of deposit in minimum denominations of $100,000.
