2005-11-10 Discontinuance of M3
{{#vardefine:keylist|}}{{#vardefine:Date|2005-11-10}}{{#vardefine:keylist|{{#var:keylist}}\Date}}{{#vardefine:Date.disp|2005-11-10}}{{#vardefine:Date.disp|[[{{#var:Date}}]]}}{{#vardefine:Topics|\US economy\US Federal Reserve}}{{#vardefine:keylist|{{#var:keylist}}\Topics}}{{#vardefine:Topics.disp|\US economy\US Federal Reserve}}{{#vardefine:URL|http://www.federalreserve.gov/releases/h6/discm3.htm}}{{#vardefine:keylist%7C{{#var:keylist}}\URL}}{{#vardefine:URL.disp%7Chttp://www.federalreserve.gov/releases/h6/discm3.htm}}{{#vardefine:Title%7CDiscontinuance of M3}}{{#vardefine:keylist|{{#var:keylist}}\Title}}{{#vardefine:Title.disp|Discontinuance of M3}}{{#vardefine:Text|“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.” "George Washington's Blog" reports this indicator (presumably referring to the M3) as "the size of the money supply"; is this accurate? If so, GWB's contention that this was specifically to hide vast new quantities of money being printed to shore up the US economy may be on target.}}{{#vardefine:keylist|{{#var:keylist}}\Text}}{{#vardefine:Text.disp|“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.” "George Washington's Blog" reports this indicator (presumably referring to the M3) as "the size of the money supply"; is this accurate? If so, GWB's contention that this was specifically to hide vast new quantities of money being printed to shore up the US economy may be on target.}} {{#xploop:{{#var:Topics}}||}} {{#xploop:{{#var:keylist}}|\n* $s$: \o#var:$s$.disp\c}}