The narrowest measure of the nation’s money...

The narrowest measure of the nation’s money supply fell $1.2 billion in the week ended July 4, the Federal Reserve Board reported. The Fed said M1 fell to a seasonally adjusted $777.5 billion from a revised $778.7 billion the previous week. But a broader measure, M2, rose to a seasonally adjusted $3.023 trillion in the same week from $3.019 trillion a week earlier. 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.