[lbo-talk] Discontinuance of M3

John Adams jadams01 at sprynet.com
Tue Nov 15 14:19:17 PST 2005


What does this mean, left business observers?

http://www.federalreserve.gov/releases/h6/discm3.htm

On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).

Thanks,

John A

see me fulminate at http://www.jzip.org/



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