BANKING & FINANCE - March 13, 1992

Money Supply Expands: The Federal Reserve reported that the measure of the nation’s basic money supply known as M2 rose in the week ended March 2 to a seasonally adjusted $3,479.3 billion from $3,477.4 billion the previous week. A broader measure, M3, rose to a seasonally adjusted $4,203.5 billion from $4,191.1 billion. The narrowest measure, M1, rose to a seasonally adjusted $935.7 billion from $934.2 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.