Ml Rises $1 Billion M1 Rises $ 1  
NEW YORK, April 2ÛÓThe nationÛªs basic money supply rose $1 billion in mid-March, the Federal Reserve Board reported today.</br></br>The increase was in line with market expectations, and analysts .said it had little effect on credit markets.</br></br>The Fed said Ml rose to a seasonally adjusted $741 billion in the week ended March 23 from a revised $740 billion the previous week. The previous weekÛªs figure had originally been reported at $740.2 billion. Ml includes cash in circulation, deposits in checking accounts and nonbank travelers checks.</br></br>For the latest 13 weeks, Ml averaged $737.9 billion, a 15.2 percent seasonally adjusted annual rate of gain from the previous 13 weeks.</br></br>Earlier this year, the Fed announced that it would not set a specific 1987 target range for Ml because of ÛÏuncertainties about its underlying relationship to the behavior of the economy and its sensitivity to a variety of economic and financial circumstances and assumptions.Û