BANKING & FINANCE - Feb. 27, 1993

Money Supply Measures Are Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended Feb. 15 to a seasonally adjusted $3,478.4 billion from a revised $3,478.9 billion the week before. But a broader measure, M3, rose to $4,145.6 billion from a revised $4,134.2 billion. The narrowest measure of the money supply, M1, rose to $1,031.1 billion from $1,030.1 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus such accounts 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.