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FEDERAL RESERVE statistical release
/

;

H.3 (502)

f o r Immediate Releaie

Table 1

1 8 , 1980

4;,

AQQREQATE RESERVES AND MEMBER BANK DEPOSITS
Average of daily figures

J

seasonallyr adjusted

<W"V< )

1979—JOIT
A06.
SEPT.
OCT.
90V.
DEC.

40,782
41,110
41,429
42,199
43,057
43,567

39,612
40,025
40,089
40,177
41,151
42,095

40,572
40,888
41,238
41,927
42,812
43,126

147.1
148.6
150.0
151.5
152.8
153.8

619.3
625.4
631.5
638.2
641.9
644.4

43 0 . 6
436.3
441.7
44*,. 6,
450V1
451 i t

186.9
187.0
188.1
189.8
190.0
191.5

12.4
12.2
13.3
15.1
14.7
15.4

174.5
174.8
174.7
174.7
175.3
176.1

1.8
2.1
1.7
1.7
1.9
1.8

1980—JAR.
PEB.
«AB.
APB.
1AY
J01E
JUIY

43,441
43,350
43,675
44,905
44,457
43,982
42,794

42,200
41,695
40,851
42,449
43,439
43,603
42,400

43,191
43,139
43,471
44,644
44,276
43,768
42,430

154.7
155.6
156.6
157.9
158.5
158.9
158.8

643.7
647.2
649.1
655.4
656.8
658.0
658.4

451.9
45*. 4
457.9
464.2
467.7
467.9
467.1

189.5
190.9
189.4
188.7
187.3
188.4
188.9

13.6
14.5
15.6
17.2
17.1
16.9
16.4

176.0
176.4
173.9
171.5
170.2
171.5
172.5

2.3
1.9
1.8
2.4
1.8
1.7
2.5

P
P
P
P
P

43,873
43,696
43,760
43,168
40,541

43,525
43,481
43,428
42,814
39,912

43,602
43,190
43,420
43,184
39,977

159.4
159.1
159.6
159.3
157.2

657,5
656.5
658.9
658.4
656.5

466.8
466.6
466.6
467.8
467.1

189.3
186.8
190.5
187.9
186.9

17.5
16.7
17.0
15.4
14.5

171.9
170.1
173.5
172.5
172.4

1.4
3.2
1.9
2.7
2.5

6 P

40,725

39,897

39,727

157.8

662.8

467.6

193.0

15.9

177.1

2.2

12.6
12.0
13.3
15.1
15.2
16.0

175.2
172.6
174.2
175.4
176.2
182.6

1.6
1.7
2.1
1.6
1.7
2.0

P
P
P
P

VEER E I D I 1 I G :
1980—JOIT

AOG.

2
9
16
23
30

not seasons ry adjusted

40,916
40,715
41,054
42,280
42,997 I
44,020

39,746
39,630
39,713
40,258
41,092 J
42,547

40,705
40,494
40,862
42,007
42,753
43,578

147.9
148.4
149.4
151.3
153.5
156.3

619.1
620.4
629.1
637.8 I
642.2
652.6

429.7
434.2
439.5 j
445.7
449.2
452.0

187.8
184.5
187.5
190.5
191.3
198.6

45,179
43,177
43,102
44,939
43,974
43,494
42,873

43,938
41,522
40,279
42,483
42,956
43,115
42,478

44,928
42,966
42,899
44,678
43,793
43,280
42,509

155.9
154.0
154.9
157.6
157.8
158.6
159.7

652.1
643.9
648.0
657.7
651.5
656.9
658.1

45 4 f 6
455.8
46b. 6
464.7
467.*
467.4
466.2

195.4
186.2
185.5
190.4
182.1
187.2
189.8

14.5
14.3
15.2
16.8
16.2
16.6
16.6

180.9
172.0
170.4
173.6
165.9
170.6
173.2

2.1
1.8
1.9
2.6
1.7
2.3
2.2

P
P
P
P
P

44,065
43.089
43,9}6
43f726
40,748

43,717
42,874
43,604
43,372
40,119

43,794
42,583
43,596
43,742
40,184

159.5
160.9
161.0
160.3
156.7

658.9
660.7
660.1
655.6
651.9

466.8
466.5
465.5
466.4
465.7

190.7
191.0
192.9
187.0
184.4

18.7
17.2
17.3
15.2
14.4

172.1
173.8
175.6
171.8
170.0

1.4
3.2
1.7
2.2
1.9

6 P

40,442

39,614

39,444

158.2

660.5

465.9

192.6

16.4

176.2

2.1

1979—JULY
AOG.
SEPT.
OCT.
NOT.
DEC.
1980—JAW.
PEB.
HAR.
APR.
HAT
JOSE
JOLT

I

P
P
P
f

!

WEEK ENDIWG:
1980—JULY

AUG.

2
9
16
23
30

See reverse tide for explanation of footnotes.




|

Table 2

AGGREGATE RESERVES AND MONETARY BASE

Adjusted for changts in reserve requirements3
Averages of daily figures
l
Member bank reserves
Period
total """ I nonborrowad I
required
I
millions of dollars
I
seasonally adjusted

Monetary bate |
total
billions of doflan
|

38,079
38,362
38,644
39,236
39,385
39,993

36,908
37,277
37,303
37,214
37,479
38,520 !

37,868
38,141
38,452
38,964
39,141
39,551

144.4
145.8
147.2
148,5
149.1
150.2

1980—JAM.
FIB.
MAR.
APR.
1AY
JOME
JULY

39,961
39,901
40,014
40,138
40,064
40,046
40,149

38,719
38,246
37;:91
37,682
39,0<t6
39,667
39,754

39,710
39,691
39,810
39,878
39,883
39,832
39,785

151.2
152.1
153.0
153.2
154.2
155.0
156.2

41,660
39,706
39,430
40,162
39,604
39,563
40,240

P
P
P
P
P

40,281
40,151
40,199
39,615
40,515

39,933
39,936
39,867
39,261
39,866

40,010
39,645
39,859
39r631
39,951

155.8
155.5
156.0
155.8
157.2

40,496
39,568
40,385
40,185
40,722

6 P

40,699

39,871

39,701

157.8

P
P
P
P

I
!

I

38,229
37,985
38,285

1979—J01T
AUG.
SEPT.
OCT.
HOT.
DEC.

I
|

Member bank reserves
I nonborrowed f
nsqu tred
millions of dollars
not seasonally adjusted

39,323

39,334
40,435

|

37,058

I Monetary base
billions of dollars

36,-500
36,94^
37,301
37,429
38,962

*?8,v18
37^764
38,093
39,051
39,090
39,993

145.2
145.7
146.7
148.3
149.8
152.7

40,419
38,051
36,607
37,706
38,586
39,184
39,845

41,409
39,495
39,227
39,901
39,423
39,349
39,875

152.4
150.5
151.2
152.8
153.4
154.6
157.0

40,148
39,353
40,053
39,831
40,093

40,225
39,062
40,045
40,201
40,158

155.9
157.4
157.5
156.7
156.6

39,588

39,418

158.2

.

NEBK, ENDING:
1980—JOLY

AUG.

2
9
16
23
30

I

40,416

,

PRBLIHIMARY
MEMBER BAMK RBSERTBS SERIES REPLECT ACTUAL RESBRTE REQUIRBHEIT PERCENTAGES WITH MO ADJUSTMENT TO ELIMINATE
THE EFFECT OF CHARGES IM REGULATIONS D AMD H.
EFFBCTIYE OCTOBBR 1 1 , 1 9 7 9 , AM 8 PERCENTAGE POIMT MARGINAL
RBSERTE RBQUIRMEMT MAS IMPOSED OM "MANAGED L I A B I L I T I E S * .
OM OCTOBBR 2 5 , 1 9 7 9 , RBSERTBS OF EDGE ACT CORPORATTOMS MERE INCLUDED IM MEMBER BAMK RESBRTBS.
THIS ACTIOM RAISED REQUIRED RESBRTES $ 3 1 8 MILLION.
KFF1CTITE
MARCH 1 2 , 1 9 8 0 , THE 3 PERCENTAGE POINT MARGINAL RESBRTE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS.
IN AEDITION THE BASE UPON WHICH THE MARGINAL RESBRTE REQUIREMENT I S CALCULATED IAS RIDGCIB.
T f I S ACTION
INCREASED REQUIRED RESBRTES ABOUT $ 1 , 6 9 3 MILLION IN THE REEK BBDIHG APRIL 2 , 1 9 8 0 .
EFFBCTIT1 MAY 2 9 , 1 9 8 0 ,
THE MARGINAL RESEITE RBQUIREHENT WAS REDUCED FROM 1 0 TO 5 PERCENTAGE POINTS AND THE BASE UPON NHICH THE
MARGINAL RESBRTE REQUIREMENT I S CALCULATED IAS RAISED.
THIS ACTION REDUCED RBQUIRBD RBSERTBS ABOUT $ 9 8 0
MILLION IN THE WEEK ENDING JUNE 1 8 , 1 9 8 0 .
BFFECTITE JULY 2 4 , 1 9 8 0 THE 5 PERCENT MARGINAL RESBRTE RBQUIREHENT
OM MANAGED L I A B I L I T I E S AND THE 2 PERCENT SUPPLEMENTARY RBSERTE REQUIREMENT AGAINST LARGE T U B DEPOSITS
MAS REMOVED.
THESE ACTIONS REDUCEB REQUIRED RBSBITBS ABOUT $ 3 . 2 BILLION.
INCLUDES TOTAL RBSERTBS (HEMBER BAM* RESBRTE BALANCES IN THE CURRENT WEEK PLUS TASLT CASH I E B TtO W M t S
EARLIER); CURRENCY OUTSIDE THE U . § . TREASURY, FEDERAL RESBRTE BANKS AND THE TAHLTS OF COHM**CIAL B*MT3;
AND TAOIT CASH OF WOHHBHBER BANKS.
RBSERTE AGGREGATES SERIES HATE BEEN ADJWSTIB TO REMOTE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESBRTE
REQUIREMENTS, THE INCLUSIONS OF EDGE ACT CORPORATION RBSERTBS, AND OTHER CHANGBS IN REGULATIONS D , I , ANB H.
HISTORICAL DATA AND A DESCRIPTION* OF THE ADJUSTMENT PROCEDURE ARE ATAILABLE FROM THE B A 1 K I I * S 1 C T I 0 * ,
DITISIOH OF RESEARCH AND S T A T I S T I C S , BOARB OF GOTERNORS OF THE FEDERAL RESBRTE SYSTEM, tASMINCTOM, B . C 2 0 5 5 1 .