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FEDERAL RESERVE statistical release H.3 (502) 'S^ttf^ For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE APRIL '*< " < " Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions Reserves of depository institutions Monetary base3 Monetary base3 Period total* non borrowed required total? non borrowed required billions of dollars millions of dollars millions of dollars billions of dollars seasonall /adjusted not seasonally adjusted 1982—BAB. APR. HAT JUNE JULI AUG. SEPT. OCT. NOV. DEC. 38,356 38,433 38,504 38,575 38,523 38,804 39,566 39,875 40,458 40,891 36,801 36,865 37,387 37,370 37,832 38,289 38,632 39,398 39,837 40,257 37,994 38,160 38,145 38,266 38,210 38,492 39,182 39,471 40,056 40,391 165.3 166.4 167.7 J68.6 169.1 170.2 171.8 172.9 174.0 175.2 37,799 38,330 38,189 38,069 38,434 38,512 39,353 39,997 40,679 41,572 36,244 36,762 37,071 36,864 37,743 37,996 38,420 39,519 40,058 40,938 37,437 38,057 37,830 37,761 38,120 3 8 , 199 38,969 39,592 40,277 41,072 163.3 165.6 167.1 168.2 170.0 170.4 171.4 172.9 175.1 178.4 1983—JAB, FEB. BAB. P 40,955 40,462 40,730 40,425 39,880 39,938 40,408 40,037 40,307 177.1 177.6 179.3 42,253 40,229 40,163 41,723 39,647 39,371 41,706 39,804 39,740 177.3 175.* 177.0 BEEK ENDING: 1983—BAB. 2 9 16 23 30 P 40,811 40,367 40,501 41,010 40,963 40,101 39,741 39,611 40,369 40,067 40,292 39,899 40,110 40,701 40,509 178.5 178.5 178.9 179.7 180.1 40,292 39,548 40,005 40,497 40,548 39,582 38,922 39,115 39,856 39,652 39,773 39,080 39,614 40,188 40,094 175.2 176.9 177.2 177.2 177.0 APB. 6P 13 P 41,125 40,565 39,358 39,980 40,397 39,952 179.9 179.5 40,281 40,044 38,514 39,459 39,553 39,431 179.2 179.4 1/ 2/ 3/ BESEBVE AGGREGATES INCLUDE REQUIRED BESEBVES OF BEHBEB BANKS ABD EDGE ACT CORPORATIONS AND OTHEB DEPOSITOBI IBSTITUTIONS. DISCOBTIBOXTIBS ASSOCIATED BITH THB IBPLEBB STATION OF THB MONETARY CONTBOL ACT, THE INCLUSION OF EMM ACT COBPOBATION BESEBVES, AND OTBEB CHANGES IN BEGULATION D HAVE BEEN BEHOVED. BBSEBVB BALABCES BITH FEDERAL BBSEBVB BABKS (HBICB EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT IBSTITUTIONS BITH REQUIRED BESEBVE BALANCES PLUS VAULT CASH EQUAL TO BEQUIRED RESERVES AT OTHER INSTITUTIONS. IBCLODBS BBSEBVB BALANCES AND BBQUIBED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRBNT HEEK PLUS VAULT CASH BELD TWO HEBKS EARLIER USED TO SATISFY BESEBVE REQUIREMENTS AT ALL OEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDBRkl BESEBVB BANKS, THB VAULTS OF DEPOSITORY INSTITUTIONS, AND SOBPLUS VAULT CASH AT DEPOSITORY IBSTITUTIONS. NOTE: BISTOBICAL DATA ABB AVAILABLE FROB TBB BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVBBBOBS OF TBB FEDERAL RESBBVB SYSTEM, WASHINGTON, D.C 20551. H.3 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS Not adjusted for changes in reserve requirements Average of daily figures, not seasonally adjusted Reserves of depository institutions1 Period total2 nonborrowed required Monetary base3 millions of dollars 1982—MAR. APR. HAT JUNE JOLT AUG. SEPT. OCT. NOV. DEC. 39,235 39,557 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 37,680 37,989 38,433 38,360 39,275 39,662 39,028 40,109 40,578 41,219 38,873 39,284 39,191 39,257 39,653 39,866 39,578 40,182 40,797 4 1,353 165.4 167.6 169.2 170.4 172.3 172.8 172.3 173.8 176.0 179.3 1983—JAN. FEBMAR. P 41,862 39,787 38,028 41,333 39,205 37,236 41,316 39,362 37,605 177.9 176.0 175.9 WEEK ENDING: 1/ 2/ 3/ 1983—MAR. 2 9 16 23 30 P 39,827 37,341 37,760 38,205 38,291 39,117 36,715 36,870 37,564 37,395 39,308 36,873 37,369 37,896 37,837 175.8 175.7 176.0 176.0 175.9 APR. 6 P 13 P 38,045 37,793 36,278 37,208 37,317 37,180 178.1 178.3 RESERVES OF DEPOSITOR! INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETART CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORT INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGRAM CF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITOR! INSTITUTIONS ACT OF 1982, THE NET CHANGES IN REQUIRED RESERVES CF DEPOSITOR! INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980, M A REDUCTION OF $2.9 BILLION; FEBRUART 12, 1981, AN INCREASE OF $245 MILLION; MARCH 12, 1981, AN INCREASE OF $75 MILLION; MAY 14, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARI 14, 1982, A REDUCTION OF $60 MILLION; FEBRUART 11, 1982 AN INCREASE OF $170 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAT 13, 1982, AN ESTIMATED INCREASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION; OCTOBER 28, 1982, AN ESTIMATED REDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; AND MARCH 3, 1983, AN ESTIMATED REDUCTION OF $2.1 BILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVE AGGREGATES HAVE BEEN REDUCED BT SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BI U.S. COMMERCIAL BANKS AND AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BT $60 TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 MILLION IN JANUARI 1982, MOSTLI REFLECTING A REDUCTION IN RESERVABLB EUROCURflENCT TRANSACTIONS. RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFI RESERVE REQUIREMENTS AT ALL DEPOSITORT INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORT INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITOR! INSTITUTIONS.
@FedFRASER