BANKING & FINANCE - Aug. 24, 1991

Money Supply Measures Mixed: The Federal Reserve reported that the money supply measure known as M2 fell to a seasonally adjusted $3,384.8 billion in the week ended Aug. 12 from $3,387.8 billion the week before. An even broader measure, M3, rose to a seasonally adjusted $4,144.9 billion from $4,143.1 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $862.4 billion from $867.7 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.