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RESERVE

FEDERAL

• "

statistical

'

refers

P n^
--• l At

'••f^Lia^*'

H.3

** For Immediate Release
•/

r*

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
SEASONALLY ADJUSTED

APRIL

n >S f{£v>-.,
A / ^ " " A '*•'. ; 'i

|

MEMBER BANK RESERVES jJ

1

Total

Non-

1

Required

1

Basel/

* it

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

Monetary
Period

1 3 t 1979

Time and
Savings

Tcta!

borrowed

Private Demand Deposits
U.S. Govt.
Total

Net

'

Demand

Other

Interbank
1978 —MAR.

i
1
I
1

MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR. P

36.67
36.93
37.27
37.63
38.11
37.93
38.21
38.38
r-9.75
41.27

36.34
36.38
36.06
36.53
36.80
36.79
37.15
37.10
39.05
40.40

36.47
36.79
37.05
37.45
37.92
37.77
38.02
38.22
39.53
41.04

130.6
131.4
132.6
133.5
134.7
135.3
136.8
137.8
139.9
142.4

41.48
40.75
40.82

40.48
39.78
39.83

41.26
40.54
40.66

143.4
143.3
143.9

621.1
619.7
616.5

1

581.3
585.8
591.5
595.8
600.5
602.7
607.0
608.9
616.9
616.7

j

398.3
400.7
405.1
407.4
410.8
413.0
416.8
418.3
427.5
429.4

|

179.7
181.8
183.6
184.6
186.1
186.5
186.2
187.2
187.0
185.1

11.0
10.8
11.5
11.2
11.4
11.2
9.3
10.2
11.1
9.8

168.7
171.0
172.1
173.4
174.7
175.2
176.9
177.0
175.9
175.2

3.4
3.3
2.7
3.8
3.6
3.3
4.0
3.5
2.3
2.3

433.5
436.1
434.0

185.6
181.9
180.6

10.0
8.1
9.5

175.6
173.8
171.1

1.9
1.8
1.9

1

WEEK ENDING:
1979—JAN.

31

41.68

40.25

41.34

143.9

619.0

435.7

181.3

8.5

172.8

2.0

FEB.

7
14
21
28

41.16
40.70
41.03
40.13

40.35
39.64
40.09
39.04

40.88
40.59
40.67
40.04

143,6
143.0
143.5
143.0

619.2
616.0
623.1
620.7

434.9
435.9
436.6
437.2

182.2
178.4
184.7
182.1

9.1
^.5
8.9
8.9

173.1
172.9
175.8
173.2

2.1
1.7
1.9
1.4

7
14
21
28 P

41.29
40.74
40.95
40.29

40.26
39.86
39.92
39.21

41.08
40.64
40.80
40.22

144.4
143.6
144.0
143.6

62 0 . 7
616.6
616.3
613.5

435.9
435.1
433.3
432.7

182.8
180.1
180.8
179.4

9.1
9.1
9.7
9.3

173.7
170.9
171.1
170.1

2.0
1.5
2.2
1.5

4 P

40.80

39.93

40.39

144.5

618.4

432.2

183.9

12.3

171.5

2.4




MAR.

APR.

1
|

SEE REVERSE SIDE FOR EXPLANATION

OF FOOTNOTES.

1

H.a

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
^FMBER BANK RESERVES ±1

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
!

Period
Total

Nonborrowed

Required

35.80
36.41
35.87
36.21
36.93
36.43
36.75
37.10
38.94
40.81

35.93
36.82
36.86
37.13
38.05
37.40
37.61
38.22
39.42
41.45

129.2
131.1
132.2
133.5
135.7
135.2
136.2
137.5
140.5
144.6

1978—MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

36.13
36.97
37.08
37.30
38.25
37.57
37.81
38.38
39.65
41.68

1979—JAN.
FEB.
MAR. P

43.08
40.70
40.22

42.08
39.73
39.23

42.87
40.49
40.06

1

Monetary
Base^/

|
!

Total

Time and
Savings

Private Demand Deposits
Total

Net
Interbank |

U.S. Govt.
Demand

166.0
173.3
168.5
172.6
174.9 !
172.8
175.4
176.8
176.6
181.5

3.5
3.6
2.9
4.5
3.2
2.5
4.6
3.0
2.0
2.5

7.9
9.3

180.9
170.3
168.4

1.9
1.8
1.9

579.4
588.6
588.3
596.8
600.6
599.2
605.9
608.4
615.1
624.0

399.3
401.2
406.1
408.6
411.1
412.8
416.6
418.5
425.2
429.6

176.6
183.8
179.3
183.7
186.4
183.9
134.7
186.9
188.0
191.9

10.7
10.6
10.8
11.1
11.5
11.1

144.4
141.9
142.3

627.1
614.3
614.5

433.8
434.2
434.9

191.5
178.2
177.6

10.6

!

Other

9.3

10.1
11.4
10.4

WEEK ENDING:

1979—JAN.

31

42.61

41.18

42.27

142.6

617.3

434.6

180.9

8.6

172.3

1.8

FEB.

7
14
21
28

41.52
40.69
40.88
39.73

40.70
39.64
39.94
38.64

41.24
40.58
40.52
39.64

142.8
142.0
142.2
140.4

616.7
611.8
615.5
613.3

433.5
*34.2
434.4
434.9

181.1
176.0
179.0
176.8

9.3
5.3
8.3
8.8

171.7
170.7
170.7
168.0

2.2
1.6
2.0
1.5

MAR.

7
14
21
28 P

40.39
39.95
40.49
39.93

39.37
39.07
39.47
38.85

40.19
39.85
40.35
39.86

142.6
142.2
142.6
141.6

616.9
614.4
614.7
610.2

435.0
435.4
434.3
434.8

180.1
177.5
177.4
174.0

9.1
8.6
9.1
8.8

171.1
168.9
168.4
165.2

1.8
1.6
2.9
1.4

APR.

4 P

40.46

39.59

40.05

143.2

622.9

435.2

185.9

13.9

172.1

1.8

P - PRELIMINARY
1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION D AND M. EFFECTIVE NOVEMBER 2, 1978, A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF $100,000 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $3.0 BILLION IN THE WEEK
BEGINNING NOVEMBER 16, 1978.
2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER), CURRENCY IN
CIRCULATION (CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS), AND VAULT CASH OF
NONMEMBER BANKS.
NOTE: BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM, WASHINGTON, D.C. 20551.