BANKING & FINANCE - Jan. 25, 1993

Money Supply Rises: The Federal Reserve Board reported that the measure of the nation’s basic money supply known as M2 rose in the week ended Jan. 11 to a seasonally adjusted $3,500.5 billion from a revised $3,493.8 billion the week before. An even broader measure, M3, rose to $4,151.9 billion, up $11.1 billion. The narrowest measure, M1, rose to $1,033.8 billion, up $5 billion from $1,028.8 billion a week earlier. 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.