BANKING & FINANCE - Oct. 29, 1993

Broader Gauges of Money Supply Decline: The Federal Reserve Board said the measure known as M2 fell in the week ended Oct. 18 to a seasonally adjusted $3,538.0 billion, down $1.1 billion from a revised $3,539.1 billion a week earlier, and that M3, a broader measure, declined $900 million to $4,186.7 billion from a revised $4,187.6 billion. The narrowest measure, M1, rose $4.5 billion to $1,117.9 billion from $1,113.4 billion. M1 counts cash in circulation, checking account deposits and non-bank travelers checks. M2 is M1 combined with accounts such as savings deposits and money market mutual funds. M3 represents M2 plus less liquid accounts, such as certificates of deposit worth $100,000 or more.