Sunshine in Monetary Policy Act

Summary

Sunshine in Monetary Policy Act - Requires the Board of Governors of the Federal Reserve System to continue to compile and to publish on a weekly basis the measure of the M3 monetary aggregate and the components of the M3 that are not included in the measure of the M2 monetary aggregate. Defines "M3 monetary aggregate" as the inclusive measure of money compiled by: (1) currency in circulation (plus traveler's checks), demand deposits, Negotiable Order of Withdrawal (NOW) accounts, and similar interest-earning checking account balances; (2) household holdings of savings deposits, small time deposits, and retail money market mutual fund balances (exclusive of balances held in IRA and Keogh accounts); and (3) institutional money market mutual fund balances and managed liabilities of depositories consisting of large time deposits, repurchase agreements, and Eurodollars.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 June 2007

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• Introduced in House (PDF)

  Introduced in House · EN · 15 June 2007

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• Introduced in House

  summary · EN · 15 June 2007

  Open at official source

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