ECONOMY
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Money Supply Data Mixed: The Federal Reserve Board reported that the measure of the nation’s money supply known as M2 fell in the week ended March 15 to a seasonally adjusted $3,472.2 billion, down $3.4 billion from a revised $3,475.6 billion the week before. An even broader measure, M3, rose $2.3 billion to $4,129.0 billion from $4,127.7 billion. The narrowest measure, M1, fell $700 million to $1,032.1 billion from $1,032.8 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 in minimum denominations of $100,000.
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