ECONOMY
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Money Supply Increases: The two broadest measures of the nation’s money supply rose in the week ended June 17, the Federal Reserve Board reported. M2 rose to $3,406.4 billion from $3,402.0 billion the previous week. The broader M3 rose to $4,176.2 billion from $4,173.2 billion. The narrowest measure, M1, rose to $860.7 billion from $856.6 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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