OTHER NEWS - Jan. 8, 1994

Money Supply Dips: The Federal Reserve said the measure of the nation’s basic money supply known as M2 fell in the week ended Dec. 27 to a seasonally adjusted $3,549.8 billion, down $6.9 billion from a revised $3,556.7 billion the week before. An even broader measure, M3, fell $6.7 billion to $4,209.0 billion from $4,216.6 billion. The narrowest measure, M1, rose $1.1 billion to $1,134.3 billion from $1,133.2 billion. M1 includes cash in circulation, checking deposits and non-bank traveler’s checks. M2 is M1 plus accounts such as savings deposits and money market mutual funds.