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BRIEFLY

Banking & Finance

April 09, 1993|From Times Staff and Wire Reports

Broadest Measures of Money Supply Rise: The Federal Reserve Board reported that the measure of the nation's money supply known as M2 rose in the week ended March 29, to a seasonally adjusted $3,474.3 billion from a revised $3,470.6 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,133.3 billion from a revised $4,124.3 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $1,036.2 billion from $1,036.9 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.

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