BANKING

Money Supply Expands: The Federal Reserve said the measure of the money supply known as M2 rose in the week ended May 11 to a seasonally adjusted $3,475.9 billion from a revised $3,470.5 billion the previous week. A broader measure, M3, rose to a seasonally adjusted $4,185.5 billion from a revised $4,178.6 billion. The narrowest measure, M1, rose to a seasonally adjusted $954.8 billion from a revised $951.0 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.