All three measures of the nation’s money...

All three measures of the nation’s money supply tumbled in mid-June, the Federal Reserve Board reported. The Fed said its narrowest measure of the money supply, M1, fell $2.1 billion in the week ended June 13 to a seasonally adjusted $771.8 billion from $773.9 billion the previous week. The measure known as M2 fell $4.8 billion to a seasonally adjusted $3,013 billion from $3,018 billion. An even broader measure, M3, fell $1.8 billion to a seasonally adjusted $3,794 billion from $3,796 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.