Money Supply Grows: The two broadest measures...
From Times Staff and Wire Reports
Money Supply Grows: The two broadest measures of the money supply rose in the week ended May 13, the Federal Reserve said. M2 rose to $3,397.6 billion from $3,392.2 billion the previous week. The broader M3 rose to $4,178.6 billion from $4,173.5 billion. M1 rose to $851.6 billion from $849.8 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 in minimum denominations of $100,000.
