M1 rose $1 billion in the week ended March 23.

The Federal Reserve Board said M1 rose to a seasonally adjusted $741 billion in the week ended March 23 from a revised $740 billion the previous week. The previous week’s figure had originally been reported at $740.2 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. The increase was in line with market expectations, and analysts said it had little effect on credit markets.