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ipjy§&; FEDERAL RESERVE statistical release T H.3 (508) Table 1 Average of daily figures **«< Member bank reserves 1 Period total nonborrowed required Monetary base2 FOP Immediate Release ' i AmtiS? 4 , 1980 *c AGGREGATE RESERVES AND MEMBER BANK DEPOSITS ?f^rff^' time and savings total millions of dollars •III to reserve requirements £l* NSPiy§te demand deposits * W ^ f / n net et 1 oother rbank JOu billions of dolfrfT ^ f ~ seasonally adjusted 1979—JUNE JULY AUG. SEPT. OCT. NOV. DEC. I 1980—JAN. FEB. MAR. APR. P MAY P JONE P 427.6 430.6 436.3 441.7 446.6 450.1 451.1 185.0 186.9 187.0 188.1 189. R 190.0 191.5 11.2 12.4 12.2 13.3 15. 1 14.7 15.4 173.7 174.5 174.8 174.7 174.7 175.3 176.1 2.1 1.8 2.1 1.7 1.7 1.9 1.8 643.7 647.2 649.1 655.4 656.8 658.0 451.9 454.4 457.9 464.2 467.7 467.9 199.5 190.9 189.4 188.7 187.3 188.4 13.6 14.5 15.6 17.2 17. 1 16.9 176.0 176.4 173.9 171.5 170.2 171.5 2.3 1.9 1.8 2.4 1.8 1.7 40,531 40,782 41,110 41,429 42,199 43,057 43,567 39,113 39,612 40,025 40,099 40,177 41#151 42,095 40,310 40,572 40,888 41,238 41,927 42,812 43,126 145.9 147.1 148.6 150.0 151.5 152.8 153.8 614.7 619.3 625.4 631.5 639.2 641.9 644.4 43,441 43,350 43,675 44,905 44,457 43,982 42,200 41,695 40,851 42,449 43,439 43,603 43,191 43,139 43,471 44,644 44,276 43,768 154.7 155.6 156.6 157.9 158.5 158.9 | WEEK E N D I N G : 1980—JONE 4 11 18 25 P P P P 45,223 44,085 43,574 43,657 44,764 43,684 43,178 43,339 44,755 43,995 43,410 43,455 159.7 158.5 158.6 158.7 656.5 658.8 660.1 657.0 466.7 46 8 . 0 469.0 467.9 187.5 188.9 189.2 197.8 17.4 16.7 16.8 17.1 170.1 172.1 172.3 170.7 2.3 1.9 2.0 1.3 JULY 2 9 16 23 P P P P 43,873 43,696 43,760 43,168 43,525 43,481 43,428 ; 42,814 1 43,602 43,190 43,420 43,184 159.4 159.1 159.6 159.3 657.5 656.4 658.9 658.7 466.8 466.5 466.6 468.0 189.3 186.7 190.5 188.0 17.5 16.7 17.0 15.5 171.9 170.0 173.5 172.6 1.4 3.2 1.9 2.7 not season* ly adjusted 1979—JONE JULY A0G. SEPT. OCT. NOV. DEC. 40,104 40,916 40,715 41,054 42,280 42,997! 44,020 38,686 39,746 39,630 39,713 40,258 1 41,092 42,547 39,883 40,705 40,494 40,862 42,007 I 42,753 43,578 145.6 147.9 j 148.4 149.4 151.3 153.5 156.3 613.9 619.1 620.4 629.1 637.8 ! 642.2 652.6 427.2 429.7 434.2 439.5 445.7 449.2 452.0 183.9 137.8 184.5 187.5 190.5 191.3 193.6 11.0 12.6 12.0 13.3 15.1 15.2 16.0 172.9 175.2 172.6 174.2 175.4 176.2 182.6 2.8 1.6 1.7 2.1 1.6 1.7 2.0 1930—JAN. FEB. MAR. APR. P MAY P JONE P 45,179 43,177 43,102 44,939 43,974 43,494 43,938 41,522 40,279 42,483 42,956 43,115 44,928 42,966 42,899 44,678 43,793 43,280 155.9 154.0 154.9 157.6 157.8 158.6 652.1 643.9 648.0 657.7 651.5 656.9 454.6 455.8 460.6 464.7 46 7 . 7 467.4 195.4 186.2 185.5 190.4 182.1 187.2 14.5 14.3 15.2 16.8 16.2 16.6 180.9 172.0 170.4 173.6 165.9 170.6 2.1 1.8 1.9 2.6 1.7 2.3 WEEK ENDING: 1990—JONE 4 11 18 25 P ? P P 44,174 42,967 43,435 43,284 43,715 42,566 43,039 42,966 43,706 42,877 43,271 43,082 158.5 158.5 158.7 158.0 656.2 656.3 661.4 652.3 467.3 468.1 468.0 466.6 187,0 187.2 189.5 183.7 18.1 15.9 16.8 15.5 168.9 171.3 172.7 168.2 1.9 1.5 3.9 2.0 JOLY 2 9 16 23 P P P P 44,065 43,089 43,936 43,726 43,717 42,874 43,604 43,372 43,794 42,583 | 43,596 43,742 159.5 160.9 161.0 160.3 | 658.9 660.7 660.1 656.0 | 466.8 466.5 465.5 466.5 190.7 191.0 192.9 187.2 18.7 17.2 17.3 15.3 172.1 173.8 175.6 171.9 1.4 3.2 1.7 2.2 See r@verse tide for explanation of footnotes. H.3 Table 2 AGGREGATE RESERVES AND MONETARY BASE Adjusted for changes in reserve requirements3 Averages of daily figures Member bank reserves total | non borrowed ~ required Period millions of dollars seasonally adjusted Monetary base total "|billions of dollars Member bank reserves l non borrowed required millions of dollars not seasonally adjusted Monetary base t billions of dollars *1979-— JUNE JULY AUG. SEPT. OCT. NOV. DEC. 37,816 38,079 38,362 38,644 39,236 39,385 39,993 36,398 36,908 37,277 37,303 37,214 37,479 38,520 37,595 37,868 38,141 38,452 38,964 39,141 39,551 143.2 144.4 145.8 147.2 148.5 149.1 150.2 37,394 38,229 37,985 38,285 39,323 39,334 40,435 35,976 37,058 36,900 36,944 37,301 37,429 38,962 37f173 38,018 37,764 38,093 39,051 39,090 39,993 142.9 145.2 145.7 146.7 148.3 149.8 152.7 193 0- - J A N . FEB. MAR. APR. P MAY P JUNE P 39,961 39,901 40,014 40,138 40,064 40,046 38,719 38,246 37,191 37,682 39,046 39,667 39,710 39,691 3 9,810 39,878 39,883 39,832 151.2 152.1 153-0 153.2 154.2 155.0 41,660 39,706 39,430 40,162 39,604 39,563 40,419 38,051 36,607 37,706 38,586 39,184 41,409 39,495 39,227 39,901 39,423 39,349 152.4 150.5 151.2 152.8 153.4 154.6 W^EK ENDING: 1980- -JUNE 4 11 19 25 P ? P P 40,648 39,523 40,015 40,090 40,199 39,122 39,619 39,772 40,180 39,433 39,851 39,888 155.1 154.0 155.0 155.2 39,601 38,398 39,877 39,727 39,142 37,997 39,481 39,409 39,133 38,308 39,713 39,525 153.9 153.9 155.1 154.5 JULY 2 9 16 23 P P P P 40,281 40,151 40,199 39,615 39,933 39,936 39,867 39,261 40,010 39,645 39,859 39,631 155.8 155.6 156.0 155.8 40,496 39,568 40,385 40,136 40,148 39,353 40,053 39,932 40,225 39,062 40,045 40,202 155.9 157.4 157.5 156.7 P - PRELIMINARY 1/ MEMEER BANK RESERVES SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES IN REGULATIONS D AND M. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIRMENT WAS IMPOSED ON "MANAGED LIABILITIES". ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. THIS ACTION RAISED REQUIRED RESERVES t318 MILLION. EFFECTIVE MARCH 12, 1980, THE 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS. IN ADDITION THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS REDUCED. THIS ACTION INCREASED REQUIRED RESERVES ABOUT $1,693 MILLION IN THE WEEK ENDING APRIL 2, 1980. EFFECTIVE MAY 29, 1980, THE MARGINAL RESERVE REQUIREMENT WAS REDUCED FROM 10 TO 5 PERCENTAGE POINTS AND THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS RAIDED. THIS ACTION REDUCED REQUIRED RESERVES ABOUT $980 MILLION IN THE WEEK ENDING JUNE 18, 1980. EFFECTIVE JULY 24, 19.80 THE 5 PERCENT MARGINAL RESERVES REQUIREMENT ON MANAGED LIABILITIES AND THE 2 PERCENT SUPPLEMENTARY RESERVE REQUIREMENT AGAINST LARGE TIME DEPOSITS WAS REMOVED. THESE ACTIONS REDUCED REQUIRED RESERVES ABOUT $3.2 BILLION. 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS. 3/ RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS, THE INCLUSIONS OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K, AND M. HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551.
@FedFRASER