BANKING & FINANCE

From Times Staff and Wire Reports

Money Supply Mixed: The Federal Reserve Board said that for the week ended Jan. 2, the measure known as M2 rose to a seasonally adjusted $3,606.1 billion, up $500 million from a revised $3,605.6 billion the previous week. An even broader measure, M3, rose $3.8 billion to a seasonally adjusted $4,292.5 billion from $4,288.7 billion. The narrowest measure, M1, fell $5.8 billion to $1,142.1 billion from $1,147.9 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.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
67°