M3

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Related to M3 Money Supply: M2 Money Supply, M1 Money Supply

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 measure of money supply used by the various central banks. In the Federal Reserve System, M3 includes all physical currency and deposits in checking accounts, deposits in savings accounts, certificates of deposit, institutional money market accounts, repurchase agreements, and other large liquid assets that do not circulate very often. The European Central Bank defines M3 as the aggregation of currency in circulation, overnight deposits, all money market accounts, debt securities with maturities of up to two years, and repurchase agreements. M3 includes money that circulates very little or not at all and, therefore, the Federal Reserve no longer calculates M3 when determining the money supply. However, it is useful to some economists seeking to determine the entire amount of money in a given economy. See also: M0, M1, M2, M4

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.
References in periodicals archive ?
JEDDAH: ARAB NEWSSaudi Arabia's M3 money supply growth slowed to a 14-month low of 10.
In the upcoming European session, German GfK consumer confidence index for August and import price index for June, Swiss UBS consumption indicator for June and the Euro-zone M3 money supply data for June are expected.
At the monetary level, M3 money supply and financing to the economy grew, at the end of the first nine months of the current year, by 9.
The annual growth in Saudi Arabia's M3 money supply fell for a fourth month in a row in August, led mainly by time and savings deposits and other quasi-monetary deposits which include foreign currencies.
The growth in M3 money supply, which takes into account foreign-currency deposits as well as longer-term time deposits, was at 16.
But in a sign that appetite for credit could be recovering, annual growth in M3 money supply, the broadest measure of money in the Saudi economy, accelerated to 15.
The maintenance of rates, forecast by analysts, was agreed despite the increase in the key indicator used to gauge risks of inflation in the medium term, the M3 money supply, which rose 5.
Meanwhile, the M3 money supply growth cooled in August, falling to 8.