M3 comprises M2 plus shares in financial investment funds and the net position of the securities used in the repurchase agreements transactions with money holding sectors.
Copyright, 2014, International Monetary Fund. Reprinted with permission.
Source: International Monetary Fund
Release: International Financial Statistics
International Monetary Fund, M3 for Brazil© [MYAGM3BRM189N], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/MYAGM3BRM189N/, October 8, 2015.