OTHER NEWS - Sept. 11, 1992

Money Supply Rises: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 rose $7 billion in the week ended Aug. 31 to a seasonally adjusted $3,472.4 billion. An even broader measure, M3, rose to a seasonally adjusted $4,180.1 billion, up $11.8 billion from the previous week’s revised $4,168.3 billion. The narrowest measure of the money supply, M1, rose $6.6 billion to a seasonally adjusted $979.0 billion from $972.4 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.