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 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 16.9 per cent in May compared with 18.3 per cent in April, the Saudi Arabian Monetary Agency said in its monthly bulletin, posted on its website.
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 15.6 per cent in February from 13.8 per cent in January.
Eurozone M3 money supply growth slowed to 8.8% y/y in August.
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 5.6% in July (compared with 5.3% in June).Economic recovery.The ECB believes that all indicators point to an acceleration in economic activity in a continually clement climate in terms of prices.
The Kingdom's M3 money supply growth accelerated to 14.1 percent year-on-year at the end of April, the fastest rate since October 2011, from 12.3 percent in the previous month, data from the Saudi Arabian Monetary Agency showed.
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 9.7% and 7.8% respectively, compared with December 2008.
The annual growth in Saudi Arabia's M3 money supply fell for a third month in a row in July to 15.3 per cent, compared to 16.4 per cent in June, as loans to the private sector remained almost unchanged from the previous month.
Meanwhile, the M3 money supply growth cooled in August, falling to 8.8% from 9.3%.
The ECB also announced on February 1 that the M3 money supply had risen by 4.5% in December (annual rate) after the 4.7% increase in November.