OTHER NEWS - July 17, 1992

Money Supply Mixed: The Federal Reserve Board said the measure of the nation’s money supply known as M2 rose in the week ended July 6 by $10.19 billion from the week before to a seasonally adjusted $3,456.4 billion. An even broader measure, M3, fell $7.2 billion to a seasonally adjusted $4,135.9 billion. The narrowest measure, M1, rose to a seasonally adjusted $960.4 billion, up $11.2 billion from the week before. 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.