BANKING & FINANCE - July 26, 1991

Money Supply Up: The nation’s money supply rose in the week ended July 15, the Federal Reserve reported. M2 climbed to a seasonally adjusted $3,390.5 billion from $3,390.2 billion the previous week; M3 rose to a seasonally adjusted $4,153.3 billion from $4,151.1 billion. M1 rose to a seasonally adjusted $857.5 billion from $856.9 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank traveler’s 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.