BANKING & FINANCE - May 5, 1995

Money Supply Rises: The Federal Reserve Board reported that the measure known as M2 rose in the week ended April 24 to a seasonally adjusted $3,647.4 billion from a revised $3,637.0 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,388.2 billion from a revised $4,379.4 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $1,148.9 billion from $1,149.9 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.