BANKING & FINANCE - Jan. 29, 1993

Money Supply Indexes Mixed: The Federal Reserve Board reported that the measure of the nation’s money known as M2 fell in the week ended Jan. 28 to a seasonally adjusted $3,493.8 billion, down $7 billion from the week before. An even broader measure, M3, rose $7.1 billion to $4,160.5 billion from a revised $4,153.4 billion. The narrowest measure, M1, fell to $1,031.6 billion from $1,034.4 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 large certificates of deposit.