OTHER NEWS - April 24, 1992

Money Supply Grows: The Federal Reserve reported that the measure of the nation’s money supply known as M2 rose in the week ended April 13 to a seasonally adjusted $3,469.2 billion from a revised $3,468.0 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,181.7 billion from a revised $4,168.6 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $939.6 billion from a revised $940.7 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.