ECONOMY
The two broadest measures of the nation’s money supply fell in the week ended June 3, the Federal Reserve Board reported. M2 fell to $3,387.1 billion from $3,396.8 billion. The broader M3 fell to $4,159.4 billion from $4,173.9 billion. M1 fell to $850.6 billion from $851.9 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.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
