Money Supply Falls: The two broadest measures...

Money Supply Falls: The two broadest measures of the nation’s money supply fell in the week ended April 29, the Federal Reserve Board reported. M2 fell to $3,377.9 billion from $3,386.6 billion the previous week. M3 fell to $4,161.0 billion from $4,177.5 billion. M1 fell to $840.3 billion from $841.3 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.