OTHER NEWS - June 12, 1992

Money Supply Measures Are Mixed: The Federal Reserve reported that the measure of the nation’s money supply known as M2 rose in the week ended June 1 to a seasonally adjusted $3,466.2 billion from a revised $3,459.2 billion the previous week. A broader measure, M3, fell to a seasonally adjusted $4,162.0 billion from a revised $4,172.6 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $958.6 billion from $951.1 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.