OTHER NEWS - Oct. 23, 1992

Money Supply Rises: The Federal Reserve reported that the measure of the nation’s money supply known as M2 rose in the week ended Oct. 12 to a seasonally adjusted $3,495.3 billion, up $9.5 billion from the previous week’s revised $3,485.8 billion. An even broader measure, M3, rose $33.4 billion to a seasonally adjusted $4,189.9 billion from a revised $4,156.5 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $1,007.3 billion, up $6.7 billion from $1,000.6 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 accounts such as certificates of deposit in minimum denominations of $100,000.