M3

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

M3

A macro processor, forerunner of M4, for the AP-3 minicomputer.
References in periodicals archive ?
At the monetary level, M3 money supply and financing to the economy grew, in 2009, by 12.1% and 10.5% respectively compared to 2008.
Growth of the wider M3 money supply indicator, which measures cash, deposits and various other financial items, fell to 1.8 percent in September from a revised 2.6 percent in August, the spokesman said.
Japan's M3 money supply rose 2.0 percent in August from a year ago, separate data from the BOJ showed on Tuesday.
M3 money supply growth, which takes into account foreign-currency deposits as well as longer-term time deposits, stood at 16.9 per cent in May compared with 18.3 per cent in April.
According to SAMA's annual report, the M3 money supply (M2 plus large time deposits), rose 7.77 per cent to 10,001.3 billion riyals against 929.1 billion as of the end of last December.
Data support expectations for another negative GDP number in the first quarter of the year and together with the earlier slump in M3 money supply growth adds to pressure on the ECB to deliver another substantial rate cut next week and consider non-conventional tools to speed up monetary easing.
M3 money supply is estimated to be increasing by around 10 per cent per annum while above-ground gold reserves are increasing by only 2 per cent per annum.
The M3 money supply (adjusted for MMMFs) actually declined for the first two years, before a third year growth rate of 1.88% raised the whole period rate to a meager 1.31%.
Meanwhile, euro zone M3 money supply growth slowed sharply to 4.7 per cent in May from the 5.5 per cent recorded in April, according to data from the European Central Bank yesterday.
Congressman Ron Paul (R-Texas), who sits on the domestic monetary policy subcommittee, observed not long ago that Alan Greenspan and other policymakers of the Fed have "more than doubled the M3 money supply in less than ten years." However, running more Federal Reserve notes off the printing presses does not make Americans richer--it dilutes purchasing power.