OTHER NEWS - March 20, 1992

Money Supply Measures are Mixed: The Federal Reserve reported that the measure of the nation’s basic money supply known as M2 rose in the week ended March 9 to a seasonally adjusted $3,484.2 billion from $3,481.0 billion the week before. An even broader measure, M3, fell to a seasonally adjusted $4,202.0 billion from $4,206.2 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $939.2 billion from $935.0 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 CDs of $100,000 or more.