OTHER NEWS - Jan. 15, 1993

Money Supply Down: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended Jan. 4 to a seasonally adjusted $3,495.7 billion from a revised $3,502.9 billion the week before. An even broader measure, M3, fell to a seasonally adjusted $4,142.0 billion from a revised $4,167.0 billion. The narrowest measure of the money supply, M1, fell to a seasonally adjusted $1,029.1 billion from $1,029.5 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.