OTHER NEWS - Aug. 2, 1991

Money Supply Declines: The two broadest measures of the nation’s money supply fell in the week ended July 22, the Federal Reserve Board reported. The Fed said M2 fell to a seasonally adjusted $3,385.2 billion from a revised $3,390.7 billion the previous week. An even broader measure, M3, fell to a seasonally adjusted $4,146.2 billion from a revised $4,153.6 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $860.2 billion from a revised $857.7 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.