OTHER NEWS - Feb. 19, 1993

Money Supply Declines: The Federal Reserve Board reported that the narrowest measure of the nation’s money supply, M1, fell in the week ended Feb. 8 to a seasonally adjusted $1,030.1 billion, from $1,034.6 billion the week before. A broader measure, M2, fell to $3,478.7 billion from a revised $3,482.7 billion the previous week. The broadest measure, M3, fell to $4,130.0 billion from $4,140.9 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 of $100,000 and higher.