The two broadest measures of the nation’s...

The two broadest measures of the nation’s money supply rose in mid-June, the Federal Reserve Board reported. The Fed said the measure known as M2 rose to a seasonally adjusted $3.018 billion in the week ended June 20 from $3.013 billion the previous week. An even broader measure, M3, increased to a seasonally adjusted $3.803 billion from $3.794 billion. M1, the narrowest measure of the money supply, 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 in minimum denominations of $100,000. The Fed has shifted its attention from M1 to the two broader money supply measures.