Advertisement

ECONOMY

Share via
From Times Staff and Wire Reports

Money-Supply Barometers Drop: The two broadest measures of the money supply fell in the week ended June 24, the Federal Reserve Board reported. M2 eased to $3,396.7 billion from $3,406.3 billion the previous week. A broader measure, M3, fell to $4,161.9 billion from $4,176.2 billion. The narrowest measure, M1, fell to $858.6 billion from $860.5 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.

Advertisement