Money with zero maturity

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]

MZM

See also: money supply

United States money supply at the end of September 2004.

Money Supply (Billions of dollars) (Not seasonally adjusted)
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

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See also: Money with zero maturity, Currency, Demand Deposit, Economics, Eurodollar, Finance, Institutional money fund, Large-denomination time deposits, Money supply