BANKING & FINANCE - April 23, 1993

Money Supply Is Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended April 12 to a seasonally adjusted $3,475.5 billion from a revised $3,475.9 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,137.0 billion from a revised $4,128.4 billion. The narrowest measure, M1, rose to a seasonally adjusted $1,043.2 billion from $1,041.6 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.