M3

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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 ?
Making the emission norms stringent for prospective plants to come up after January 1, 2017, the Particulate Matter would be further lessened to 30 mg per normal cubic metre.
The Ministry of Electricity and EGAS have agreed to increase quantities of gas supplied to power plants to approximately 80m cubic metres per day maximum, compared to the previous 75m.
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It could produce four million cubic metres of gas daily, the minister added.
The terminal currently operates 158,000 cubic metres for fuel oil, gas oil and bunker blending.
The deficit of fuel supplied to power plants this week decreased to 6m cubic metres of gas and equivalent as compared to 10m last week.
2 million cubic metres have flowed in the reservoirs.
According to the proposal, production of commercial gas will exceed 4 billion cubic metres per annum by 2008 and reach 8 billion cubic metres per annum by 2010.
Egypt share of water is expected to fall below 582 cubic metres by 2025.
The first month of Spring also resulted in an impressive inflow of 26 million cubic metres of water into the island's dams, the second highest in the last twenty years.
E[acute accent]Notable offshore projects in Azerbaijan include the Azeri-Chirag-Guneshli field estimated to hold reserves in excess of 5 billion barrels of oil, and the Shah Deniz field estimated to contain more than 400 billion cubic metres of gas.