BANKING & FINANCE - Feb. 14, 1992
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Money Supply Up: The Federal Reserve Board said the measure known as M2 rose to a seasonally adjusted $3,466.5 billion from $3,456.3 billion the previous week. An even broader measure, M3, rose to a seasonally adjusted $4,196.8 billion from $4,192.1 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $921.7 billion from $915.2 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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