[lbo-talk] Discontinuance of M3

[John Adams]

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/