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OTHER NEWS

From Times Staff and Wire Reports

Money Supply Barometers Rise: The two broadest measures of the money supply rose modestly in the week ended Sept. 16. M2 rose to $3,396.3 billion from $3,391.1 billion the previous week. A broader measure, M3, rose to $4,144.2 billion from $4,137.6 billion. The narrowest measure of the money supply, M1, rose to $869.7 billion from $867.3 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.


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