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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.