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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 . • • • H.3 (502) • • • 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 . .