M3

M3

The category of the money supply that includes M2 as well as all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets.

Notes:

This is the broadest measure of money it is used by economists to estimate the entire supply of money within an economy.

See also: Economics, M1, M2, Monetary Policy, Money Market Fund, Money Supply, Narrow Money, Repurchase Agreement - Repo, Time Deposit

---

M3

Measure of the U.S. money stock that consists of M2, time deposits of $100,000 or more at all depository institutions, term repurchase agreements in amounts of $100,000 or more, certain term Eurodollars and balances in money market mutual funds restricted to institutional investor.

---

M3

A very broad measure of the domestic money supply that includes M2 items plus any large time deposits and money market fund balances held by institutions.