OTHER NEWS - July 18, 1994

Money Supply Rises: The Federal Reserve Board reported that the measure known as M2 rose $9.2 billion in the week ended July 4 to a seasonally adjusted $3,591.1 billion from a revised $3,581.9 billion the week before. An even broader measure, M3, rose $11.2 billion to $4,218.6 billion from $4,207.4 billion. The narrowest measure, M1, fell $2.9 billion to $1,146.4 billion from $1,149.3 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money-market mutual funds. M3 is M2 plus less liquid accounts, such as certificates of deposit of $100,000 or more.