Money with zero maturity
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Money of zero maturity is a measure of the money supply. In particular it measures the supply of financial assets redeemable at par on demand, hence the name.
It is equal to M2 less time deposits, plus all money market funds. [1]
[edit] MZM
See also: money supply
United States money supply at the end of September 2004.
| Monetary Base | |||||
|---|---|---|---|---|---|
| Reserves of depository institutions | 46.4 | ||||
| Reserve balances with F.R. Banks | 13.0 | ||||
| Vault cash surplus | 11.4 | ||||
| Currency 1 | 688.2 | ||||
| M1 | |||||
| Currency 1 | 688.2 | ||||
| Demand Deposits 2 | 321.0 | ||||
| Other Checkable Deposits 3 | 319.5 | ||||
| M2 | |||||
| Savings deposits 4 | 3,472.5 | ||||
| Small-denomination time deposits 5 | 795.6 | ||||
| Retail money funds 6 | 729.5 | ||||
| M3 | |||||
| Institutional money funds | 1,071.6 | ||||
| Large-denomination time deposits 7 | 1,018.2 | ||||
| Repurchase agreements 8 | 537.3 | ||||
| Eurodollars 9 | 322.2 | ||||
| Sum | 9,311.7 | ||||
[edit] External links
http://www.mises.org/story/1397
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