BANKING & FINANCE - April 15, 1995

Money Supply Falls: The Federal Reserve Board reported that for the week ended April 3, the measure known as M2 fell to a seasonally adjusted $3,634.8 billion from a revised $3,641.8 billion the previous week. The broader measure called M3 fell to $4,355.5 billion from $4,372.4 billion. M1, the narrowest measure, fell to $1,145.1 billion from $1,150.0 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.