BANKING & FINANCE - Sept. 24, 1993

Rise in Money Supply Reported: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2, rose in the week ended Sept. 13 to a seasonally adjusted $3,539.0 billion, up $6.5 billion from a revised $3,532.5 billion the week before. A broader measure, M3, rose $12.5 billion to $4,184.9 billion from $4,172.4 billion. The narrowest measure, M1, rose to a seasonally adjusted $1,103.7 billion from $1,102.9 billion. M1 includes cash in circulation, checking deposits and non-bank traveler’s 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.