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FEDERAL RESERVE statistical release •ftSliE^ For Release at 4.30 Eastern Time H.3(502) TaWal APRIL 2 6 , 1984 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted for changas in raaarva raqulramanta' Avaraoas of daily flgurs*. saaaonalry adfuatad unlaaa notad otharwriaa Millions of dollar• Data _j| Nasarvas of dapository Institutions raqulrad noflborrowad nonborrowad plus " axtandad cradlt* excess NBA4 Monetary baas' Borrowings of dapository Institutions from ths radaral Raaarvi.MSA seasonal airtandad cradF" total 53 82 99 122 171 198 190 142 121 96 317 405 513 958 578 491 515 256 6 2 715 567 952 86 103 133 4 5 27 188,623 188,867 689 1,136 118 149 21 30 188,388 190,184 1,313 1,232 131 137 36 44 1983--NAB. APR. HAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 34,198 34,506 34,596 35,051 35,194 35,218 35,307 35,317 35,245 35,279 33,406 33,496 33,644 33,415 33,741 33,672 33,866 34,473 34,340 34,505 3 3,723 33,901 34,157 34,373 34,319 34,163 34,180 34,729 34,346 34,507 33,765 34,029 34,148 34,571 34,687 34,772 34,809 34,812 34,716 34,718 433 476 449 480 507 446 498 505 529 561 174,219 175,411 176,693 178,331 179,308 180,127 181,775 182,845 183,949 184,969 792 1,009 952 1,636 1,453 1*546 1,441 844 906 774 1984—JAN. FEB. MAR. P 35,502 36,067 36,101 34,787 35,499 35,150 34,791 35,504 35,177 34,889 35,124 35,394 613 942 708 186,939 188,584 188,710 36,168 36,153 35,479 35,017 15,500 15,047 35,398 35,428 770 725 35,547 36,336 34,234 35,104 34,270 35,148 35,215 35,868 332 468 INCORPORJITE ADJUSTBEIITS P E - - P R E I . I BINARY ESTIMATE '. ~~> FOB D1SCCIWTIMOITXKS 1i S s r c r T * T * n a i f H «HS« T l O f V • v i f i f r n t n » * n » TWO WEEKS ENDING 1984-HAR. APR. 14 28 P 11 P 25 PE F—-PRELIMINARY 1/ I B S E B f E S AND HOBETA1IT 2 / V 5/ BASE FIGU1IBS T£llll \ 2 E ! 2 i . ! S I i ! ° . 2 I ! f ! "6ULATOBY CHANGES TO BESEBfE RRQDIREBEMTS. TO ADJUST FOB DISCONTIB0ITIBS DOB TO CBABGBS IB J S f S I 5 f 2 ! ? ! 5 r 5 W ? - 0 ! n ! S f ! I i B i E " ° » D B P 0 S I T MOBILITIES, THE SOB OF SUCH BEQUIRBD RESERVES ABB SUBTRACTED FBOB TBB ACTUAL ? A » M » ; J . ~t * * ; * • « COSTING F 0 E D I S C O M « N U I T I E S IN TBB BONETARY BASB, BBQOIBBD CLBAiING BALABCBS ABD ADJOSfRBBTS TO COHPBBSATB FOB FLOAT ALSO ABB SUBTRACTED FROH TBE ACTUAL SERIES. S S i i . S S ^ f l f S r l ^ o J f J ! ! ^ ! ! 0 FOB D l S C 0 » " » 0 I T I E S CONSISTS OF BESEBVE BALABCBS BITB FEDERAL BESBIIE BANKS (WHICH BICLODE S n ? 2 ^ ! S i S r\ll ^ S t i c l c ^ . * ! ? . *2 J U ? T H E I I T S T ° C O f l P B » s * * B FOR FLOAT) PLUS VAULT CASB USED TO SATISFY RESERVE BEQQIREBBBTS. 2!?!«rJ2 I T t » S . a ? . i S I L S ! I S . ! 1 ! ! ' * C 1 S H HBLD 0 0 B I B G T B P L I G G B D COBPUTATIOi PERIOD BY INSTITUTIONS HAVING REQUIRED BESEBVB 5isTwSwo;s"J"SG i t f i S S x U : 1 ^ " "™ ^^ B Q ° i L T ° i E Q I , I B I 9 , M M f l S »mi*Q ™ « ™ " * I PBBIOD AT J 2 1 ! S B £ « « S ! K X L C 2 ! ? S S I 2 ° P B O M o , » " 6 ** ™ B DISCOUNT WINDOW UNDER TBE TERMS AND CONDITIONS EST1BLISBED FOR TBE EITEBDBD L SIT0Rt HVil « 2 X f J t L « 2 T 2 5 L 5 ! f f INSTITUTIONS DEAL WITH SUSTAINED LIQUIDITY PRESSURES BECAUSE THERE IS NOT TBB SABB NBED TO e m f f ^ S ^ S 5 2 K " ^ S S S ^ SHORT-TERM ADJUSTMENT CREDIT, TBE MONEY MARKET IBPACT OF EITENDED I f i ^ f S m ' M ! . 1 ! ! ! ! r S ? SS « n E S S , I 5 . !CI 0" I TS I i P, ILl °T SI B fSI UCL0T S CSi S " U S E D T ° S * ™ s ™ RESERVE REQUIREMENTS LESS BEQOIRED RESERVES. TS r m » 5 S ! * K t r i !?£at *2 I5S.S?f 2i! " » * TS OF TOTAL RESERVES PLUS BEQOIRED CLEARING BALANCES AND ADJUSTMENTS J i J ? " " J SB o r 2 ! . rI «B f I ^ L ! B 0 5 B i L R B S E B f B BAKKS P L 0 S T « * CURRENCY COHPONEHT OF THE HOMEY STOCK LISS THE AMOUNT OF fAOLT CASH 2 2 ™ «1 * n 12 M 2 r L , S0 1I ! W i 2 !1S .BTI CH Bi TS S I S PI IC, COLi 0BDM™T f** u™ EC CURRENCY COMPONENT OF TBE MONEY STOCK PLUS, FOR INSTITUTIONS NOT BATING ISSI !?, ?^!!?-.!!^! ^*-.!! ° * « * S « °* E B ™E laOOW APPLIED TO SATISFY CURRENT RESBBTE REQUIREMENTS. AFTER TOE INTRODUCTION OF C B B , CURRENCY AND VAULT CASH F I G U R E S ARE MEASURED OfBB THE MONDAY-ENDING COHPUTATION P E B I O D B SE 11 rnmlnJUl' \ll wnVSLmlJPL*?!****1 * °THEB T ! U B E I C E S S R E S E B V E S * 8 K SEASONALLY ADJUSTED AS A WHOLE, RATHER THAN BY COMPONENT, AND EICESS BESEBfES I S ADDED ON A NOT SEASONALLY ADJUSTED BASIS. AFTER CBB, THE SEASONALLY ADJUSTED SEBIBS c 2 ! c « - T f , » r . ^ « ! 2 ! i I i L i 2 J U S T E D T ° T J a B E S E B ? E S < » « I C « INCLUDES EICESS RESERVES ON ft NOT SEASONALLY ADJUSTED BASIS) PLUS THE «**.? « 2 ! n K J s ? ^ ! 2 T B ? . - ° I ! f « f - C O B P O " E i T ° F ™ E ff0iE1 S T 0 C K P L 0 S THE » " » I « I » e ITEMS SEASONALLY ADJUSTED AS A WHOLE. !«3!5;.? 2 I 2 5 « t «SeIS- S . S I J I — " f B ° M ™ E BfeMKIRG SECTION, DIVISION OF RESEARCH AND STATISTICS, BOABD OF GOVERNORS OF TSE rEOEBAL RESERVE SYSTEM, WASHINGTON, D . C 20551. H.3(502) Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Not adjusted for changes in reserve requirements' Averages of daily figures, not seasonally adjusted Millions of dollars Vault cash4 Reserves of depository Institutions Monetary base2 Date total nonborrowed Reserve balances with F.R. Banks1. required total used to satisfy required reserves* surplus* Net carryover of excess or deficit in reserve balances7 i^liii 1983—BAR. APR. HAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 1984—JAN. FEB, BAB. 38,035 38,650 38,282 38,415 38,948 38,661 37,916 38,137 38,144 38,894 37,242 37,641 37.330 36,779 37,495 37,114 36,475 37,294 37,239 38,120 37,601 38,174 37,833 37,934 38,440 38,214 37,418 37,633 37,615 38,333 177,277 179,861 181,276 183,144 185,303 185,398 185,112 186,598 188,971 192,359 22,163 22,566 22,010 21,807 22,139 21,965 20,585 21,059 20,943 20,986 19,48a 19,569 19,710 20,098 20,413 20,035 20,798 20,471 20,558 20,755 15,871 16,085 16,272 16,607 16,808 16,695 17,331 17,078 17,201 17,908 3,613 3,485 3,438 3,491 3,604 3,340 3,467 3,393 3,356 2,847 40,120 36,365 36,275 39,405 35,798 35,323 39,507 35,U23 35,567 192,301 186,672 187,808 21,325 18,414 19,484 22,578 22,269 20,396 18,795 17,951 16,791 3,782 4,318 3,604 14 28 P 36,406 36,047 35,716 34,911 35,635 35,322 187,7<l8 187,542 19,948 18,859 19,980 20,938 16,458 17,188 3,522 3,750 105 150 11 P 2 5 PE 3 6 , 7 28 37,522 35,414 36,290 36,395 37,054 189,326 191,031 20,233 20,504 19,803 20,471 16,494 17,018 3,108 3,453 222 3 P lilllillli pliiil TBO WEEKS ENDING 1984—HAR. APR. . f PRELIHINARY PR—PRELIHINARY BSTIHATR. 1/ IBPLBCTS ACTUAL RESERVE REQOIRBHENTS, INCLUDING THOSE ON RONDRPOSIT LIABILITIES, NITH HO ADJOSTHBRTS TO ELIHINATE THB BPPBCTS OP DISCONTINUITIES ASSOCIATED RITH IHPLEHBRTATION OP THB BONSTARY CONTROL ACT OR OTHER REGULATORY CHARGES TO RESERVE REQOIRBHENTS. 2/ CONSISTS OP TOTAL RESERVES PLUS REQUIRED CLEARING BALANCES AND ADJOSTHBRTS TO COHPBNSATB POR PLOAT AT PEDERAL RESBRTB BANKS PLOS THB CURRENCY COHPONENT OP THE HONEY STOCK LESS THE AHO0NT OP VAULT CASH HOLDINGS OP THRIPT INSTITUTIONS THAT IS INCL0DRD IN TRB CORRRRCY COHPONBNT OP THB HONEY STOCK PLOS, POR INSTITUTIONS NOT HAVING REQOIREO RESERVE BALANCES, THB BXCBSS OP C0RRBNT VA0LT CASH OVER THR AHO0RT APPLIED TO SATISPY C0RRERT RESERVE REQOIRBHENTS, APTBR THB INTRODUCTION OP CRR, CORRBNCY AND VAOLT CASH PIGURBS ARE HBASURRD OVER THE HONDAY-ENDING COHPOTATION PERIOD. 3/ BXCLUDBS RBQOIRBD CLEARIHG BALANCES AND ADJOSTHBNTS TO COHPENSATB POR PLOAT. 4/ DATES RBPBR TO THB HAINTBNANCB PERIODS I* WHICH THE VAOLT CASH CAR BE OSED TO SAtlSPY RESERVE RBQOIR-BHENTS. UNDER CONTEHPORANBOUS RRSBRVB RBQOIRBHBNTS, HAINTBNANCB PERIODS END 30 DAYS APTEB THB LAGGED COHPOTATION PERIODS IN NHICH THB BALANCES ARE HELD. 5/ EQUAL TO ALL VAULT CASH HELD DURING THE LAGGED COHPUTATIOH PERIOD BY INSTITUTIONS HAVING REQUIRED RESERVE BALANCES AT PEDERAL RESERVE BARKS PLOS THE AHOUNT OP VAULT CASH EQUAL TO REQUIRED RESERVES DURIRG THE HAINTBNANCB PERIOD AT INSTITUTIONS HAVING NO REQUIRED RESERVE BALANCES. 6/ TOTAL VAOLT CASH AT INSTITUTIONS HAVING NO REQUIRED RESERVE BALANCES LESS THE AHOUNT OP VAULT CASH EQUAL TO THEIR REQUIRED RESERVES DURING THE HAINTENANCE PERIOD. 7/ CONSISTS OP CARRYOVER ONLY AT DEPOSITORY INSTITUTIONS HATNTAINING RESERVPS ON THE BASIS OP TWO-HHPK HAINTENANCE PERIODS. REPLBCTS EXCESS (•) OR DEPICIT (-) RESEBVES ELIGIBLE TO BE CARRIED POK«AHD INTO THE TWO-WEEK RESERVB HAINTENANCE PERIOD ENDING ON THE DATE SHOWN. H.3 (502) Table 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted for changes in reserve requirements1 Averages of daily figures, not seasonally adjusted Millions of dollars Date total Reserves of depository institutions nonborrowed Monetary base required 1983—MAR. APR. MAY JUNE JULY AUG SEPT. OCT. NOV. DEC. 33,648 34,512 34,282 34,444 34,978 34,713 35,008 35,313 35,350 35,997 32,856 33,503 31,330 32,808 33,525 33,167 33,567 34,469 34,445 35,223 33,215 34,036 33,834 33,964 34,470 34,266 34,510 34,808 34,821 35,436 172,143 174,881 176,335 178,164 180,182 180,140 181,238 182,672 185,035 188,231 1984—JAN. FEB. MAR. P 37,303 35,654 35,627 36,588 35,087 34,675 36,690 34,712 34,919 188,100 185,931 187,159 14 P 28 P 35,758 35,395 35,069 34,259 34,988 34,670 187,101 186,889 11 P 25 PE 36,094 36,807 34,781 35,575 35,762 36,338 188,693 190,316 TWO WEEKS ENDING 1984 — M A H . APR, P PRELIMINARY PE—PRELIMINARY ESTIMATE, 1/ FIGURES REFLECT ADJUSTMENTS FOP DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTPOL ACT AND OTHER REGULATORY CHANGES TO HESERV.E REQUIREMENTS.
@FedFRASER