Full text of H.3 Aggregate Reserves of Depository Institutions and the Monetary Base : May 15, 1970

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FEDERAL

RESERV :

statistical

AGGREGATE RESERVES AND hCMBER BANK DEPOSITS
(Averages of d a i l y f i g u r e s , in b i l l i o n s of d o l l a r s )
Seasonally adjusted
Member bank r e s e r v e s 1/
Period

Total

Nonborrowed

Required

I969--January
February
March
April
May
June
July
August
September
October
November
December

28.14
28.06
27.97
27.78
28.24
28.06
27.53
27.40
27.40
27.35
27.78
27.93

27.32
27.21
27.02
26.75
26.89
26.71
26.28
26.21
26.38
26.21
26.54
26.81

27.90
27.83
27.73
27.61
27.94
27.74
27.33
27.16
27.14
27.13
27.55
27.71

297.0*
296.7
294.2
295.4
295.1
292.6
288.0
285.3
285.7
283.5
285.8
285.8

1970--January
February
March
April p

28.00
27.72
27.72
28.19

26.97
26.62
26.78
27.32

27.82
27.52
27.54
28.05

284.8
282.9
286.2
290.2

Total

release
For immediate r e l e a s e
May 1 5 , 1970

Deposits svblect t o r e s e r v e requirements 2/
Private
Time and
U.S. Govt.
Net
Interbank Other
Savings
Total
163.2*
128.4*
5.4
10.2
118.2
161.0
129.1
6.7
10.9
118.2
160.5
128.9
4.8
11.1
117.8
160.1
129.4
5.9
10.6
118.8
159.3
130.0
5.9
11.5
118.4
158.1
130.5
4.0
12.0
118.5
155.1
130.5
2.4
11.8
118.6
152.5
129.9
12.6
2.9
117.3
152.1
129.2
4.4
12.4
116.9
151.5
128.9
3.1
12.1
116.7
151.1
129.1
5.6
12.7
116 .4
151.5
129.4
4.9
12.6
116.7
149.4
130.1
5.3
12.1
118.0
5.6
128.5
115.7
12.8
148.8
150.6
5.9
129.8
12.6
117.2
153.5
5.3
131.4
118.5
12.8

p - Preliminary
1/ Data on member bank r e s e r v e s p r i o r to January, 1968 are adjusted t o e l i m i n a t e e f f e c t s of changes to r e s e r v e
requirement p e r c e n t a g e s , i n c l u d e s i n c r e a s e s in required r e s e r v e s due t o changes in Regulations M and D of
approximately $400 m i l l i o n s i n c e October 16, 1969.
7/ Components may not add t o t o t a l s due t o rounding.
jV P r i v a t e demand d e p o s i t s include a l l denmnd d e p o s i t s except those due t o U.S. G o v ' t , l e s s cash items in process
of c o l l e c t i o n and demand balances due from domestic commercial banks.
NOTE: Back d a t a a r e a v a i l a b l e on r e q u e s t from the Banking S e c t i o n , Division of Research and S t a t i s t i c s ,
Board of Governors of the Federal Reserve System, Washington, D.C. 20551.
* - Break in s e r i e s due to the withdrawal on January 2, 1969, of a large member bank from the System. The e f f e c t
of t h i s withdrawal i s t o reduce t o t a l d e p o s i t s about $400 m i l l i o n , about equally d i s t r i b u t e d between Lime and
Digitized forand
FRASER
demand d e p o s i t s .