Two broad measures of the nation’s money...

Two broad measures of the nation’s money supply rose in late April and early May while a narrower measure fell, the Federal Reserve Board reported. M2 rose $1 billion to a seasonally adjusted $2,997 billion in the week ended May 2, from $2,996 billion the previous week. An even broader measure, M3, increased $5 billion to a seasonally adjusted $3,768 billion, from $3,763 billion. The narrowest measure of the money supply, M1, fell $1.5 billion to a seasonally adjusted $776.4 billion, from a revised $777.9 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.