BANKING & FINANCE - Nov. 6, 1992
Money Supply Rises: The Federal Reserve Board said the measure of the nation’s money supply known as M2 rose $1.1 billion in the week ended Oct. 26 to a seasonally adjusted $3,496.2 billion, from a revised $3,495.1 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,184.1 billion from a revised $4,177.7 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $1,009.1 billion from $1,005.2 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 minimum denominations of $100,000.