BANKING & FINANCE - Sept. 30, 1994
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Money Supply Mixed: The two broadest measures of the nation’s money supply--M2 and M3--were mixed in the week ended Sept. 19, the Federal Reserve Board said. M2 fell to a seasonally adjusted $3,594.2 billion from a revised $3,595.3 billion the previous week. M3 rose to a seasonally adjusted $4.245.1 billion from a revised $4.243.3 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $1,151.2 billion from $1,152.5 billion. In judging its monetary policy, the Fed has indicated it is monitoring money supply, the value of the dollar, commodity prices and the difference between short- and long-term interest rates.
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