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To: John Hunt who wrote (9107)	11/24/1997 6:54:00 AM
From: John Hunt	Read Replies (1) of 18056

Don't Look Now, But Money Supply Is Up nypostonline.com <<< And if the Fed wanted banks to have a lot of cash on hand, that would explain the very unusual action in the nation's money supply of late. Even with a big drop on Thursday, compared to this time last year, the broad money supply figure known as M3 has grown by nearly 9 percent. The Fed's target growth is believed to be only between 2 percent and 6 percent. >>>

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