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FEDERAL RESERVE

statistical release

H.3(502)

For Immediate Release

Aggregate Reserves and Member Bank Deposits

AUG .

31,1979

AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
SEASONALLY ADJUSTED
MEMBER BANK RESERVES ±1
Period

Total

Nonborrowed

Required

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary
Base i V

Time and
Savings

Total

Private Demand Deposits
Total

Net
Interbank

Other

U.S. Govt.
Demand

1978 — J U L Y
AUG.
SEPT.
OCT.
NOV.
DE C .

38.11
37.93
38.21
38.38
39.75
41.27

36.80
36.79
3 7 . 15
37.10
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

600.5
602.7
607.0
608.9
616.9
616.7

410.8
413.0
416.8
418.3
427.5
429.4

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
177.0
175.9
175.2

3.6
3.3
4.0
3.5
2.3
2.3

1979— J A N .
FEB.
^ AR.
APR.
MAY
JUNE
JULY

41.48
40.75
40.81
40.65
40.48
40.42
40.82

40.48
39.78
39.82
39.73
38.72
39.00
39.65

41.26
40.54
40.66
40.47
40.34
40.20
40.61

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
618.7

433.5
436.1
434.1
432.0
428.7
425.9
429.4

185.6
181.9
180.5
184.7
183.5
184.8
187.5

10.0
8.1
9.4
9.9
9.8
8.9
10.3

175.6
173.8
171.1
174.8
173.7
175.9
177.2

1.9
1.8
1.8
1.8
1.7
2.4
1.8

20
27

40.72
40.22

39.40
38.63

40.59
40.07

145.8
145.7

614.7
612.5

425.9
426.5

185.0
184.6

9.5
8.7

175.5
175.9

3.8
1.3

JULY

4
11
18
25

41.14
39.98
41.08
41.00

39.46
39.04
39.90
39.71

40.49
40.02
40.71
41.0?

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
189.0
187.5
186.3

12.6
9.9
10.0
9.8

175.3
179.2
177.6
176.3

1.3
2.3
2.1
1.6

AUG .

1
8
15 P
22 P

41.08
40.75
41.01
41.08

40.13
39.99
39.98
39.69

40.79
40.55
40.71
41.05

147.8
147.8
148.3
148.6

619.4
623.1
623.9
623.7

431.5
433.2
433.9
434.7

186.3
186.9
187.3
187.2

10.1
9.7
8.9
9.7

176.2
177.2
178.5
177.5

1.6
3.0
2.6
1.8

WEEK E N D I N G :

197 9 — JUNE




SEE

R EV E R S E

S ID E

FOR

E X P L A N A T IO N

OF

FO O TN O TES .

H.»(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
MEMBER BANK RESERVES jJ
Period

Total

Nonborrowed

Required

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary
Basel/

Total

Time and
Savings

Private Demand Deposits
Total

Net
Interbank

Other

U.S. Govt.
Demand

1978— J U L Y
AUG.
SEPT.
OCT.
NOV.
DE C.

38.25
37.57
37.81
38.38
39.65
41.68

36.93
36.43
36.75
37.10
38.94
40.81

38.05
37.40
37.61
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
183.9
184.7
186.9
188.0
191.9

11.5
U .l
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— J A N .
FEB.
MAR.
APR.
MAY
J UNE
JULY

43.08
40*70
40.22
40.72
40.24
40.10
40.92

42.08
39.73
39.23
39.81
38.47
38.69
39.75

42.87
40.49
40.06
40.55
40.10
39.88
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

433.8
434.2
434.9
432.3
429.8
427.2
429.8

191.5
178.2
177.5
186.8
179.2
183.9
187.8

10.6
7.9
9.1
9.7
9.2
8.9
10.4

180.9
170.3
168.4
177.1
170.1
175.0
177.4

1.9
1.8
1.9
2.0
1.8
2.8
1.6

WEEK E N D I N G :

1979— JUNE

20
27

40.60
40.18

39.28
38.60

40.47
40.03

146.0
145.2

617.6
609.6

426.4
427.3

184.5
180.7

9.7
8.2

174.8
172.5

6.7
1.6

JULY

4
11
18
25

41.45
39.48
41.57
41.20

39.77
38.54
40.39
39.91

40.80
39.51
41.21
41.21

148.0
147.2
148.8
147.9

622.0
622.3
619.5
614.7

429.7
429.1
428.9
429.8

190.8
191.2
188.9
183.6

13.8
10.2
9.9
9.4

177.1
181.0
179.0
174.1

1.4
2.0
1.7
1.4

1
8
15 P
22 P

41.15
40.32
40.72
40.70

40.20
39.55
39.70
39.31

40.86
40.11
40.43
40.67

147.6
148.4
148.8
148.5

617.5
620.7
621.6
620.0

431.5
433.1
433.5
434.2

184.7
185.3
186.2
184.2

10.1
9.8
9.0
9.6

174.6
175.6
177.2
174.6

1.4
2.3
1.9
1.6

AUG.

P 1/

PRELIMINARY
_____ _
MEMBER BANK RESERVES S E R I E S R E F L E C T S AC T UAL RESERVES REQUI REMENT PERCENTAGES WI T H NO ADJ USTMENT TO E L I M I N A T E T HE E F F E C T OF
CHANGES I N R E G U L A T I O N D AND S .
E F F E C T I V E NOVEMBER 2 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUI REMENT OF 2 PERCENTAGE P O I N T S WAS
IMPOSED ON T I M E D E P O S I T S OF $ 1 0 0 , 0 0 0 OR MORE. T H I S A C T I O N I NCREASED REQUI RED RESERVES APPROXI MAT EL Y $ 3 . 0 B I L L I O N I N T HE WEEK
B E G I N N I NG NOVEMBER 1 6 , 1 9 7 8 .
.
^
2/
I N C L U D E S T O T A L RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS E A R L I E R ) ; CURRENCY
O U T S I D E THE U . S . T RE A S U R Y , F E DE RA L RESERVE BANKS AND THE VAULT S OF COMMERCIAL BANKS; AND V A UL T CASH OF NONMEMBER BANKS.
NOTE:
BACK DATA ARE A V A I L A B L E FROM T H E BANKING S E C T I O N , D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVERNORS OF T HE FEDERAL
RESERVE S Y S T E M , WASHI NGT ON, D . C . 2 0 5 5 1 .




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•

•

H.3 (502)

•

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Page 3

Aggregate Reserves and Monetary Base
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS-^
AVERAGES OF DAILY FIGURES, IN MILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED

SEASONALLY ADJUSTED

MEMBER BANK RESERVES

MEMBER BANK RESERVES

Period

Total

Nonborrowed

Required

Monetary Base

Total

Nonborrowed

Required

Monetary Base

1978— JULY
AUG .
SEPT.
OCT.
NOV.
DEC.

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
41,397
41,162
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

1979— J A N .
FEB.
MAR.
APR.
MAY
J UNE
JULY

41,479
40,754
40,815
40,647
40,481
40,421
40,824

40,476
39,781
39,825
39,730
38,716
39,004
39,653

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
146,925

43,080
40,704
40,218
40,725
40,238
40,105
40,917

42,078
39,731
39,227
39,808
38,473
38,687
39,747

42,866
40,495
40,060
40,549
40,097
39,884
40,706

144,429
141,866
142,337
144,190
144,437
145,619
147,916

WEEK E N 0 1 N G :

1 9 7 9 — J UNE

20
27

40,720
40,219

39,396
38,633

40,588
40,068

145,771
145,742

40,605
40,182

39,281
38,596

40,473
40,031

146,030
145,215

JULY

4
11
18
25

41,141
39,985
4 1 » 0 81
41,005

39,464
39,044
39,899
39,713

40,495
40,022
40,714
41,019

146,877
145,736
147,371
147,296

41,449
39,477
41,573
41,201

39,772
38,536
40,391
39,909

40,803
39,514
41,206
41,215

148,000
147,174
148,844
147,867

1
8
15 P
22 P

41,080
40,752
41,008
41,078

40,134
39,988
39,985
39,692

40,790
40,548
40,714
41,053

147,848
147,768
148,316
148,579

41,147
40,318
40,724
40,696

40,201
39,554
39,701
39,310

40,857
40,114
40,430
40,671

147,609
148*432
148,813
148,459

A UG .

1/

ADUST ED FOR BREAKS I N S E R I E S DUE T O CHANGES I N R E G U L A T I O N S D AND M.
H I S T O R I C A L DATA AND A D E S C R I P T I O N OF THE ADJ UST ME NT
PROCEDURE ARE A V A I L A B L E FRO* THE BANKI NG S E C T I O N , D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVERNORS OF T HE FEDERAL
RESERVE S Y S T E M , WASHI NGT ON, D . C . 2 0 5 5 1 .




.