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F E D E R A L R E S E R V E sfatistical release For Immediate Release H.3 : • ?f^^^-* AGGREGATE RESERVES AND MEMBER BANK DEPOSITS AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS SEASONALLY ADJUSTED | MEMBER BANK RESERVES V Period Nonborrowed Total DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Private Demand Deposits Required Time and Savings Total 1976—JULY AUG. SEPT. OCT. NOV. DEC. 34.34 34.51 34.34 34.51 34.85 34.95 34.21 34.41 34.27 34.41 34.78 34.90 34.11 34.31 34.14 34.29 34.59 34.68 1977—JAN. FEB. MAR. APR. MAY JUNE JULY P 34.78 34.40 34.31 34.68 34.72 34.86 35.35 34.71 34.33 34.20 34.61 34.52 34.60 35.03 1 | Total Net Interbank Other U.S. Govt. 514.1 514.2 515.6 520.0 524.9 529.6 343.5 341.7 343.3 346.2 350.2 355.0 167.9 168.6 168.7 170.4 170.7 171.4 11.4 11.4 11.9 12.0 12.8 12.3 156.5 157.2 156.8 158.4 157.9 159.2 2.7 3.9 3.6 3.4 4.0 3.2 34.51 34.20 34.09 34.49 34.51 34.71 35.08 532.5 532.0 535.2 538.4 5 37.6 544.5 547.7 357.3 360.1 361.3 361.4 363.1 367.0 369.2 172.5 169.5 171.1 173.4 172.3 173.8 175.8 12.6 10.5 11.5 11.5 11.6 11.9 11.6 159.9 158.9 159.6 161.9 160.7 161.9 164.2 2.1 2.5 2.8 3.6 2.1 3.7 2.8 34.71 34.83 34.91 35.01 546.5 543.4 367.5 368.5 174.3 172.5 11.6 10.6 162.7 161.9 4.6 2.4 35.74 34.94 . 35.36 34.96 35.48 34.78 34.96 34.67 35.25 34.67 35.15 34.89 546.9 545.8 551.3 550.9 369.1 369.1 368.8 369.7 176.0 174.0 178.7 177.8 11.8 11.1 12.3 13.3 164.2 162.9 166.3 164.5 1.8 2.6 3.6 3.5 36.16 35.66 35.74 35.56 35.07 34.84 35.73 35.55 35.51 550.6 549.7 550.7 370.1 370.8 370.9 177.6 175.5 176.8 12.3 11.1 11.9 165.3 164.4 164.9 2.8 3.5 3.0 ! MEEK ENDING: 34.98 35.16 1 9 7 7 - - J U N E 22 29 JULY 6 13 20 27 AUG. 3 10 P 17 P I i 1 1 SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES. H.3 Page 2 MEMBER BANK DEPOSITS AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED [ DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Period 1976—JULY AUG. SEPT. OCT. NOV. DEC. 1 1977—JAN. FEB. MAR. APR. MAY JUNE JULY P i | [ Time and Savings Total ^ Private Demand Deposits Total Net Interbank Other U.S. Govt. Demand 513.9 511.3 514.9 518.9 522.5 534.8 343.7 342.7 344.1 346.7 347.6 35 3.6 167.7 165.9 167.2 169.5 171.9 177.9 11.6 11.3 12.0 11.9 13.1 13.0 156.1 154.5 155.2 157.6 158.7 164.9 2.5 2.7 3.6 2.6 3.0 3.3 537.7 528.7 534.0 541.3 535.8 544.5 547.6 357.0 358.4 361.7 362.3 364.7 367.8 369.5 177.8 167.2 169.1 175.0 168.5 173.0 175.6 13.3 10.4 11.1 11.3 11.0 11.7 11.7 164.5 156.9 158.0 163.7 157.5 161.2 163.9 2.9 3.1 3.2 4.0 2.5 3.7 2.o 1 WEEK ENDING: 197 7 — J U N E 22 29 546.5 541.6 367.6 368.5 173.1 170.0 11.1 10.3 161.9 159.7 5.8 3.2 JULY 6 13 20 27 548.7 548.4 550.5 546.3 369.0 369.0 369.0 370.0 177.3 177.0 178.6 173.5 12.4 12.3 12.3 12.4 164.9 164.7 166.3 161.1 2.4 2.3 2.9 2.7 AUG. 3 10 P 17 P 549.3 547.5 548.8 370.6 371.4 371.6 175.8 173.9 174.9 11.9 11.4 12.0 163.9 162.5 163.0 2.9 2.1 2.3 j P - PRELIMINARY 1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL -RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES I N REGULATION 0 AND M. 2/ TOTAL MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS, PLUS EURO-DOLLAR BORROWINGS, LOANS SOLO TO BANK-RELATED INSTITUTIONS , AND OTHER NONDfcPOSIT ITEMS. NOTE: BACK DATA ARE AVAILABLE FROM! THE BANKING SECTION, DIVISION OF RESEARCH ANO STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D . C . 2 0 5 5 1 . THE BOARD HAS DISCONTINUED THE PUBLICATION AND CONSTRUCTION OF THE BANK CREDIT PROXY. IN RECENT YEARS'THE PROXY—V*UCH IS BASED SOLELY ON DATA FOR MEMBER BANKS—HAS BECOME INCREASINGLY LESS REPRESENTATIVE OF TOTAL BANK CREDIT, I N PART BECAUSE OF THE GROWTH I N IMPORTANCE OF NONMEMBER BANKS AND INPART BECAUSE THE PROXY DOES NOT INCLUDE CERTAIN BORROWINGS BY BANKS FROM THE NONBANK PUBLIC.