M3 detected absorption features near 2.8-3.0 µm on the surface of the Moon. For silicate bodies, such features are typically attributed to OH- and/or H2O-bearing materials. On the Moon, the feature is seen as a widely distributed absorption that appears strongest at cooler high latitudes and at several fresh feldspathic craters. The general lack of correlation of this feature in sunlit M3 data with neutron spectrometer H abundance data suggests that the formation and retention of OH and H2O is an ongoing surficial process. OH/H2O production processes may feed polar cold traps and make the lunar regolith a candidate source of volatiles for human exploration.