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BRIEFLY

Banking & Finance

August 12, 1994|From Times Staff and Wire Reports

Money Supply Gauges Mixed: The Federal Reserve Board said that in the week ended Aug. 1, M2 rose to a seasonally adjusted $3,601.3 billion, up $600 million from a revised $3,600.7 billion the week before. An even broader measure, M3, fell $4.9 billion to $4,239.2 billion from a revised $4,244.1 billion. The narrowest measure, M1, rose $1 billion to $1,159.2 billion from $1,158.2 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.

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