BANKING & FINANCE - Sept. 18, 1992

Money Supply Mixed: The Federal Reserve reported that the measure of the nation’s money supply known as M2, rose in the week ended Sept. 7, to a seasonally adjusted $3,477.3 billion, up $4.7 billion from the previous week’s revised $3,472.6 billion. An even broader measure, M3, fell $6.5 billion to a seasonally adjusted $4,172.8 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $983.3 billion from $979.0 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 certificates of deposit in minimum denominations of $100,000.