The nation’s money supply rose in the...
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The nation’s money supply rose in the week ended March 7, the Federal Reserve Board reported. The Fed said the measure known as M2 rose to a seasonally adjusted $2,954.5 billion in the latest week from $2,947.4 billion the previous week. An even broader measure, M3, increased to a seasonally adjusted $3,725.4 billion from $3,721.6 billion. The narrowest measure of the money supply, M1, rose to a seasonally adjusted $755.6 billion from a revised $755 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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