ITALY M-2 UP 2.8 PCT IN 3 MONTHS TO END JANUARY Italian M-2 money supply rose a provisional 2.8 pct, seasonally adjusted, in the three months to end January 1987, the Bank of Italy said. The bank said M-2, which measures notes and coins in circulation plus bank and post office deposit accounts, fell to a provisional 609,457 billion lire in January from a downwards revised but still provisional 615,307 billion in December 1986. The provisional year-on-year rise in January was 10.2 pct, compared with a downward revised and provisional 9.4 pct in December. M-2A, similar to M-2 but excluding certificates of deposit and including proceeds from bank repurchase operations, rose a provisional 2.0 pct, seasonally adjusted, over the three months to end January 1987. The bank said M-2A totalled a provisional 583,806 billion lire at end January against a downwards revised and still provisional 593,827 billion in December 1986. Year-on-year, M-2A increased by a provisional 8.4 pct in January, compared with a downwards revised and provisional 8.1 pct in December.