BANKING & FINANCE
U.S. Money Supply Expands: The Federal Reserve Board reported that the measure of the nation’s money supply, known as M2, rose in the week ended Aug. 15 to a seasonally adjusted $3,595.4 billion, up $6.1 billion from a revised $3,589.3 billion the week before. A broader measure, M3, rose $2 billion to $4,234.7 billion from $4,232.0 billion. M1, the narrowest measure, rose $400 million to $1,148.2 billion from $1,147.8 billion. M1 includes cash in circulation, deposits in checking accounts and non-bank traveler’s 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 of $100,000 or more.