OTHER NEWS - March 27, 1992

Money Supply Narrows: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended March 16 to a seasonally adjusted $3,478.2 billion from a revised $3,482.5 billion the week before. An even broader measure, M3, fell to a seasonally adjusted $4,196.7 billion from a revised $4,200.6 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $943.4 billion from $939.6 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.