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FEDERAL RESERVE

statistical ~etease

H.3(502)

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

MEMBER BANK RESERVES
Period

J.l

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary
Base.il

Total

Net
Interbank

Other

Demand

600.5
602.7
61l7.·J
608.9
616.9
"i16. 7

410.8
413.0
416.8
418.3
427.5
4?9.4

186.1
186.5
186.2
187.2
187.0
185.1

11.4
11.2
9.3
10.2
11.1
9.8

174.7
175.2
176.9
111.0
175.9
175.2

3.6
3.3
4.0
3.5
2.3
2.3

143.4
143.3
143.9
144.5
144.9
145.6
146.9

621.1
619.7
616.4
618.6
613.9
613.1
618.8

433.5
436.1
434.1
432 .o
428.7
425.9
429.4

18'5.6
181.9
180.5
184.7
183.5
184.8
187.6

10.0
8.1
9.4
9.9
9.8
8.9
10.4

175.6
113.8
111.1
174.8
173.7
175.9
177.2

1.9
1.8
1.8
1.8
1.7
2.4
1.8

40.10

145.3

611.1

427.3

U!1.9

9.3

172.6

1.9

39.11
38.69
39.40
38.63

40.09
39.91
40.59
40.07

145.5
144.8
145.8
145.7

614.7
611.4
614.7
612.5

425.1
425.0
425.9
426.5

187.3
184.8
185.0
184.6

9.4
8.7
9.5
8.7

177.9
116.1
115.5
175.9

2.3
1. 63.!!
1.3

41.14
39.98
41.08
41.06

39.46
39.04
39.90
39.76

40.49
40.02
40.11
41.02

146.9
145.7
147.1
147.3

617.6
619.7
618.4
617.4.

428.4
428.4
428.9
429.7

187.9
189 .o
187.5
186.1

12.6
9.9
10.0
9.8

175.3
179.2
177.6
176.3

1.3
2.3
2.1
1.6

41.01

40.06

40.79

147.7

619.4

431.4

186.4

10.1

176.2

1.6

Required

38.11
37.93
38.21
38.38
39.75
41.27

36.80
36.79
37.15
31.10
39.05
40.40

37.92
37.77
38.02
38.22
39.53
41.04

134.7
135.·3
136.8
137.8
139.9
142.4

41.48
40.75
40.81
40.6'i
40.48
40.42
40.82

40.48
39.78
39.82
39.13
38.72
39.00
39.65

41 ~26
4J.54
40.66
40.47
40.34
40.20
40.61

40.28

31.95

13
20
27

40.45
39.99
40.72
40.22

JULY

4
11
18
25 p

AUG.

1 p

Total

~ov.

DEC.
1979--HN.
FEB.
14AR.
APR.
._,AY
JUNE
JULY p

u.s. Govt.

Time and
Savings

Non·
borrowed

1978--JULY
AUG.
SEPT.
OCT.

Private Demand Deposits

./f

Total

WEEK El'-10 I NG :

---------1919--MAY 30
JUIIIE

6




SEE REVERSE SIDE

FO~

EXPLANATION OF FOOTNOTES.

H.t(502)

Page 2

Ag.gregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
fi!OT SEASONALLY ADJUSTED

MEMBER BANK RESERVES J1 ;
Period

Total

. Non·

· Required

borrowed

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
. Monetary
. Base.i.J

Total

Time and
Savings

Private Demand Deposits
Total

Net
Interbank

Other

u.s. Govt.
Demand

1978--JULY
AIJG.
SEPT.
'JCT.
'IIOV.
DEC.

38.25
37.57
37.81
38.38
39.65
41.68

36.43
36.75
37.10
38.94
40.81

38.05
37.40
3 7.61
38.22
39.42
41.45

135.7
135.2
136.2
137.5
140. 5
144.6

600.6
599.2
605.9
608.4
615.1
624.0

411.1
412.8
416.6
418.5
425.2
429.6

186.4
1A3.9
lg4.7
186.9
1AA.O
191.9

11.5
11.1
9.3
10.1
11.4
10.4

174.9
172.8
175.4
176.8
176.6
181.5

3.2
2. '5
4.6
3.0
2.0
2.5

1979--JAN.
FEB.
'1AR.
APR.
'4AY
JUNE
JULY

43.08
40.70
40.22
40.72
40.24
40.10
40.91

42.08
39.73
39•23
39.81
38.47
31!.69
39.74

42.87
40.49
40.06
40.55
40.10
3 9. !'8
40.71

144.4
141.9
142.3
144.2
144.4
145.6
147.9

627.1
614.3
614.3
621.1
610.9
613.9
619.2

4'13.8
434.2
434.9
432.3
429.8
427.2
429.8

191.5
178.2
177.5
186.'3
179.2
183.9
187.9

10.6
7.9
0.1
9.7
9.2
8.9
10.5

18 0.9
170.3
168.4
177.1
170.1
175.0
177.4

1.9
1.8
1.9
2.0
2.P
1.6

30

39.77"

37.44

"39.59

144.1

608.1

429.7

17f=.'5

8.9

167.6

1.8

6
13
20
27

39.67
39.33
40.60

38.33
38.03
39.28

40.1~.

~8.,.60

39.31
39.25
40.47
40.03

145.1
145.1
146.0
145.2

615.8
613.0
617.6
6t)9. 6

427.3
426.8
426.4
427.3

186.7
184.9
184.5
180.7

9.4
8.f.
9.7
8.2

177.2
176.3
174.8
172.5

1.8
1.4
6.7
1.6

4
11
18
25 p

'41.45
39.48
41.57
41:.25

39'.77
38.54
40.39
39.96

"'40.80
39.51
41.21
41.22

148.0
14 7.:?
148.8
.147.9.

622.0
622.3
61~. 5
t,14.7

429.7
429.1
42Fl.9
47.<l.8

190.8
191.2
188.9
183.6

13.8
10.2
9.9
9.'5

177.1
181.0
179.0
174.2

1.4
2.0
1.7
1.4

1 p

41.07

·: ·40.d

4(). &6

.617. 5

431.4

. 184.7

10.1

174.6

1.4

p

3~.93

loA

WEEK El\1011\IG:

----------1979--~AY

JUNE

JULY

AUG.

,

i47.5.

P - PRELIM! NARY
1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCEI\ITAGES WITH 1\10 ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION D AND ~.
EFFECTIVE NOVEMBER 2 1 1978 1 A SUPPLE~ENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF SlOO,OOO OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $3.0 BILLION IN THE WEEK
BEGINNING NOVEMBER 16, 1978.
21
INCLUDES TOTAL RESERVE.S· ·lM6MaER BAIIIK ·RESERVE BALANCE'S fN· THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY
OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS ANO THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS.
NOTE:
BACK DATA ARE AVAllABLE FROM THE BANKif1G SECTION~ DIVISION OF RESEARCH AND ST.ATISTICS,. BOARD OF GOVERNORS OF THE fEDERAL
RESERVE SYSTEM, WASHINGTON, D.C. 20551.



H.3 (502)

Page 3

Aggrega~e

Reserves and Monetary Base

ADJUSTED FO•R CHANGES IN RESERVE REQUIREMENTSJJ
AVERAGES OF DAILY FIGURES, IN MILLIONS OF DOLLARS
SEASONALLY ADJUSTED
MEMBER BANK RESERVES .

Period

Total

Non borrowed

Required

NOT SEASONALLY ADJUSTED

'

MEMBER BANK RESERVES
Monetary Base

Total

Non borrowed

Required

Monetary Base

41,099
40,928
41,223
41,399
41' 274
41,271

39,782
39,788
40,163
40,122
40,570
40,403

40,902
40,760
41,031
41,237
41,051
41 '039

137' 699
138,290
139,841
140,777
141,450
142,381

41,223
40,555
40,816
41,3•H
4.1.162
41,679

39,906
39,416
39,756
40,120
40,459
40,811

41,026
40,388
40,623
41,235
40,940
41,447

138,641
138,204
139,184
140,535
142,028
144,579

41,479
40,754
40,815
40,647
40,481
40,421
40,821

40,4 76
39,781
39,825
39,730
38,716
39,004
39,650

41,264
40,545
40,657
40,471
40,340
40,201
40,613

143,400
143,345
143,893
144,486
144,862
145,601
146,924

43,080
40,704
40,218
40,725
40,238
40,105
40,914

42,078
39,731
39,227
39,808
38,473
38,687
39,744

42,866
40,495
40,060
40,549
40,097
39,884
40,707

144,429
141,866
142,337
14-4,190
144,437
145,619
147,915

30

40,280

37,9 53

40,097

145 ,272

39,772

37,445

39,589

144,067

JUNE

6
13
20
27

40,449
39,993
40,720
40,219

39,109
38,694
39,396
38,633

40,089
39,915
40,588
40,068

145,490
144,830
145,711
145,742

39,666
39,328
40,605
40,182

3R,326
31!,029
39,21'!1
38,596

39,306
39' 2 50
40,473
40,031

145,135
145,070
146,030
145, 215

JULY

4
11
18.
25 p

41,141
39,985
41' 081
41,056

39,464
39,044
39,899
39,764

40,495
40,022
40,714
41,020

146' 877
145 '736
147,071
147,347

41,449
39,477
41,573
41' 2 52

39,772
38' 536
40,391
39,960

40,803
39,514
41,206
41,216

148,000
147,174
148, 844·
147,918

AUG.

1 p

41,006

40,060

40,790

147,717

41,073

40,127

40,857

147,478

1978--JULY
AUG.
SEPT.

on.

1\JOV.
DEC.
1979--JAN.
fEB.
MAR.
APR.
MAY
JUNE
JULY p

WEEK ENDING:
1979--14AY

1/

ADUSTED FOR BREAKS IN SERIES DUE TO CHANGES IN REGULATIONS D AND M. HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT
PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM, WASHINGTON, D.C. 20551.