BANKING & FINANCE - Feb. 25, 1995

Money Supply Lower: The Federal Reserve Board reported that the measure known as M2 fell in the week ended Feb. 13 to a seasonally adjusted $3,623.3 billion, down $4.5 billion from a revised $3,627.8 billion the week before. The broader M3 measure fell $200 million to $4,330.9 billion from $4,331.1 billion. M1, the narrowest measure, fell $3.7 billion to a seasonally adjusted $1,146.6 billion from $1,150.3 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.