ECONOMY
Money Supply Is Mostly Lower: The two broadest measures of the nation’s money supply were unchanged or lower in the week ended July 1, the Federal Reserve Board reported. The Fed said M2 remained at $3,396.5 billion. The broader M3 fell to $4,152.3 billion from $4,161.4 billion. The narrowest measure, M1, rose to $862.1 billion from $858.6 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.
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