GOVERNMENT & ECONOMY
The two broadest measures of the nation’s money supply fell slightly in the week ended May 27, the Federal Reserve Board reported. The Fed said M2 fell to $3,395.7 billion from $3,397.9 billion the previous week. M3 fell to $4,173.1 billion from $4,174.9 billion. M1 fell to $851.8 billion from $853.0 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank travelers checks. M2 is M1 plus accounts like savings deposits and money-market mutual funds. M3 is M2 plus less-liquid accounts, such $100,000-plus certificates of deposit.
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