BANKING & FINANCE - Jan. 10, 1992

Money Supply Declines: Federal Reserve Board reported that the money supply measure known as M2 fell to a seasonally adjusted $3,409.6 billion in the week ended Dec. 30, from a revised $3,415.7 billion the previous week. An even broader measure, M3, fell to a seasonally adjusted $4,145.6 billion from a revised $4,162.5 billion. The narrowest measure, M1, fell to a seasonally adjusted $895.9 billion from a revised $898.5 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.