OTHER NEWS - July 10, 1992

Money Supply Measures Decline: The Federal Reserve Board reported that the money supply measure known as M2 fell in the week ended June 29 to a seasonally adjusted $3,448.7 billion from a revised $3,456.0 billion the previous week. An even broader measure, M3, fell to a seasonally adjusted $4,146.7 billion from a revised $4,160.5 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $949.6 billion from a revised $949.1 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.