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 ?
The fact that both pillars of the monetary policy committee's monetary strategy - M3 money supply and inflation - are now above target is expected to prompt the ECB to increase rates further over the coming months,' said Mr Steven Pearson of Halifax.
M3 money supply includes demand deposits and currency outside banks
On Thursday, the bank published M3 money supply figures, a key indicator of credit and demand, which continued a five-month downward trend, showing a lack of inflationary pressure.
A little later, the M3 money supply report (a favored gauge of inflation) slowed to its slowest pace of growth since October of 2006 as bank lending and consumer spending cooled.
The M3 money supply, the broadest measure of money in circulation and on deposit, grew by 10.
Ishikawa said confidence in euro-zone fundamentals is flagging, as the release Wednesday of the M3 money supply growth reading of 4.
Both the monetary base and M3 money supply measurements slowed in the first quarter with inflation-adjusted M3 growth remaining negative and
Indeed, inflationary concerns were reinforced during April by a call to strike by German public sector employees and by an unexpected acceleration of growth in the M3 money supply from 8.
Since January, the Federal Reserve has increased M3 Money Supply by more than $290 billion to $9.