OTHER NEWS - March 6, 1992

Money Supply Falls: The Fed reported that the measure of the nation’s money supply known as M2 fell in the week ended Feb. 24 to a seasonally adjusted $3,480.3 billion from $3,481.8 billion the previous week. An even broader measure, M3, fell to a seasonally adjusted $4,195.4 billion from $4,219.5 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $933.8 billion from $931.5 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.