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 ?
Schedule M-3 requires a reconciliation between the financial income statement and the tax return for various items, including whether such differences are temporary or permanent.
Traubenberg said that the cost of complying with the Schedule M-3 is significant, noting that the cost to his company of outsourcing preparation of the form was approximately $100,000.
Partnerships and S corporations: The Schedules M-3 for Form 1065, U.S.
The new Schedule M-3 seeks information on 29 specific income or loss items and 38 specific expense or deduction items, in each case with a catchall "other" category.
Income Tax Return for an S Corporation) may incorporate Schedule M-3 in the future."
TEI commends the Treasury and IRS for concluding that the Schedule M-3 supplies substantially all the information that IRS agents require in order to examine significant book-tax accounting differences.
For tax years ending after 2004, corporations with at least $10 million in assets must file Schedule M-3. This article offers an in-depth, line-by-line look at the new form and discusses the IRS's goals and reasons behind it.
For example, is the IRS or Treasury considering additional tax return disclosures or general reconciliation schedules in addition to schedule M-3 for corporations (1120-C,-S,-PC, or -L) or partnerships (1065)?
By the end of 2005, the IRS may require additional taxpayers to file a form containing the income or loss reconciliation concept of Schedule M-3, Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million or More, according to IRS Senior Technical Adviser Bob Adams.
He said that small vehicles coming from Lahore-Sheikhupura Road, Motorway (M-3) and Expressway would be diverted from Chak No 204-RB
ISLAMABAD -- Prime Minister Mohammad Nawaz Sharif will visit Nankana Sahib today (Wednesday) to review the progress on Lahore-Abdul Hakeem motorway M-3.
Corporate taxpayers required to file the new Schedule M-3 can request answers to their questions about the new schedule using a web-based FAQ set up by the Internal Revenue Service in collaboration with stakeholder groups, including TEI.