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......

FEDERAL RESERVE statistical release

Foo-

H.3C!IOIZI
T-1

DBCE!BII

ol • : 3 0 - Tlmo

.2q. 1987

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Acljuet"" to< ch-oln , _ , . q u i - t o '
,._ _ of dally f....... - ' I Y ""luet"" unlen
Mllllono of clollaro

not""-..
Borrowing• of depoaltory lnetltutlona
from the F-.al Re.....,., NSA

excen
NSA'

!>b,tl8'1
!>b,87..J

1987--J.lL
r.t:B.
IUL
.lPL
IIU

!>lo,8!>~

!>7,95'1
511,J5.2
S7,701t
!>7,602
57,1176
!>7,1125
!>11,'196
">7,991

JUIIB
JULI
lUGSEPT.

OCT.
IIUf.
TWO U:BKS
J!NVlNG
19117-1101.

':J1,.l29

5b,ll85
57,55J

"·"'I

57, 1.l'l .
:.7,3b0 'I
!>7,:.!9'1
!>tt,OOJ
:.7,7b0

I

':J9,.l811
57, '1211

~::::~ I

"·"'

">8,1198
S7,U911

~i:::~

57.2J1
!>7,1»0'1
57,.lOJ

51>,929

II

"'- ,; • I

:,.,,Sti'J

">1»,961
">7,Jt1
36,'JJO

111

!>!>,lllb
!>5,bb2
!>3, 9Jb

:>b,5.l9
5b,.,OO

!>lt,J0!>6,Jt1
!>b,J.25

1

i
1

....onal

total

978
1,369

236.873

1,068
1,211
916

2ll2, '131
.2'13,970
2'1'1,5bJ

2l9,5t..J

1">2
ll.l7

70
38

51!0
55b

Jll
11

">.l1

31,121

827

2116,!>111»

99.1

57,27 3
!>b, 516
Sb, 6'1 t
:.o, 11'1'1
57,032

1,079
1,190

2118,312
2'18,'1111
2ll9,'157
250,7911

t,OJ">
111o

76 t

1,032

251,8">..1

61<l
b'l1

9'10
941J
b25

!>l, Jb8

7'H
1, 128

57,063

9.28

!>ll,o"'
57, 11».2

t,:.6t

2s6,711J

'192

255,102

t.11
Sit I

"·"'

'·"'

"'·"'

'"

.25'1,35.2
.25.. ,0tlll

extended credit

91
1.21i
196
.259
28J
219

"""ii"8
JOJ
2:.15

.283
2biJ
270
2811

.1.73
194
tJ.l

1tl9

1109
qqg

l2b

3911

2J1

J90
JH

'::

--------------------~----------~~--------~~-----':JJ,so~---~~---·-·-2-0J .2_5_6_,_J_II_.l~--------~~-•_s-L--------~
__L_ _ _

P---PIIJ.IIUlll
PII--PIIUIIUU ast'll&l'l
1/ IBSIItiS liD IOIBTlll B&SI PIGDIIS liCOIPOilTI l»JDST!IITS POl DISCOITIIUITIIS lSSOCilT&D WI~I ~II I&P.al&.r~IOI QP ~II
IOIITlll CO~IOL lCT liD OTIII IIGUL.lTOif CMAM~IS ~0 IISIIfl I&QUIIIIIITI. ~0 ADJUST roa DI~OI7I181T~IS . . . TO ClliQ&& II
U.SIIII IIQUIIIIII!'S 01 IISIIU.B.a IOIDBPOSir LlAII:tU7I.IIS• TBI Sill or SDCM I~IIIIID IIS&afU lll SI&~IUC~&D ftOI l'IB &an.t.
SBIIIS. SIIIL.lll.l, II l»JUS,.II~ POl lli.SCOITIIUiri&:> 11 Till IOift'UI USI• UQUUID CL&liiK N.UIICU • • UWU~IIIltl 10
COIPIISl~B POl PLOll U.SO Ul SUIUlCTID r101 Till lCIIIll. SUIBS.
2/ TOilL IISIIfiS lOT lDJGSIID POl DISCOITIIUITI&S COISISTS or a&SIIfl BALliCIS IITI riDBilJ. I&SIIf& &&liS fa&ICI IJCLUDI
IIQUII&D CLiliii~ &&LliCIS liD lDJUSTI&ITS TO COIPIISl~l POl PLO.lT) PLIS tlUJ.T ClSH DSIO ~0 Sl7l~rl &IS&Ifl &IQUIIIIII!S.
SUCI UOLr CISI COISISI'S or lU. UIQ.I ClSH I.U.D DU&IJI~ IU J . l - C01Nil7I08 l'IUOD II IIS~l7ft.IOIS MlflM UQOII&D &.IS&UI
BlLliCIS &T PIDIIlL IISIItl B&IIS PLUS THE .liOUIT OP fAULT C.lS8 IODlL TO &IQUIIID IISIIfiS OUIIIG ~II llll~llliCI tlllOD 17
IISTI!UTIOIS ilfiiG 10 IIQUIIID IISIIfl a&L.liC&S.
l/ IXTIID&D CIIDIT COISISTS or 80IIOW.IIG lT liB OISCOUIT IIIDOW DIIDII 181 TillS liD COIDI~IOIS ISTlBLISIID POl Til IITIIOID
CRIDIT PIOGill TO HILP DIPOSIJOIJ IISTITUTIOIS Pl.lL IITI SUSTliiiO LIQUIDITI PIBSSUIBS. 81Cl8SI 18111 IS 107 TBI SAil IBID TO
IIP.ll SUCH IOIIOIIIG PIOIPTLI AS THill IS liTH Tl.lDITIOilL SIOIT-TIII .lD~USTIIIT CIIDIT, TBI lOlBI lliiiT .IIPla or Bl!IIDID
CIIDU IS SIIIILU TO IUT or IOIBOBIOIJID IISUr&s.
' I 81SIIfl l.lLliCIS IITI rBOIIlL IBSIIfl BliKS PLUS f.lULT CASU OSlO TO SlTISPl IISIIfl RIQUIIIIII7S LISS IIQUIIID IISIIfiS.
51 Til IOIITlll llSI lOT .lDJDSTID POl DlSCOil'IIUlTIIS COISISTS OP l'OT.lL BISIIVIS PLUS IIQUIIID CLiliii~ &lLliCBS liD lD~USl'IIITS
TO COIPIJSlTI 101 rLOlT .lT PIDIIlL IISIIfB BliiS PLUS TB& CUIIIICI COIPOI&IT or Til lOIII S~OC& LISS Til liOUil' or flULT C&S8
IOLDIIGS or TIIIPT IISIITUTIOIIS TB.lT IS IICLDDBD II T81 CUIIIIICI COIPOIIIT OP THE lOIII Sl'OCI PLUS. POl IISTITUTIOIS IIOT Blfll~
IB~UIIID IISIIfl BlL&ICBS, TBI IXCBSS or CUiiBIT V.lULT C&SH Ofll 711 liOQIT lPPLliD !0 S.lTISrl CUIRIIW I&S&Ifl a&QDIRJ . . .T-. .
.lrfll TMI IITRODDCTIOI or Cll, CUI&BICJ liD flULT CASH PIGUIBS liB BllSOBBB OYIB THE IOIDlf-IIDlll~ COBPUTlTIOI PBIIOD.
PBIOI TO CIB, lLL COBPOIBITS or TBB BOIB!.lll B.lSI OTIBI !Hll BlCISS BISIRfiS lll SI&SOilLLI .lDJUSTID .lS l IBOLI, llTI&I T&ll
Ill COBPOIIIT, liD IICISS BliSIUIYBS IS lOPED 011 l MOl' SBlSOULLl .lOJUSTKD 8lSIS. lrTBR Clll, TB& SBlSOUJ.LI UJUSl'&D SBIIIS
COISISl'S OP SI&SOI&LLf lDJUSTID TOTAL IISIIYIS (WHICH liCLUDIS BXCISS BISEBfBS 01 l lOT SElSOilLLf .lDJU.STID SlSIS) PLUS THI
SllSOilLLI lDJUSTID CUIH&IICY COIPOIIiiT OF THE lOlBl STOCI PLUS l'HI BIRlllliG lTBBS Sl.l.SOIIlLLI .lUJUST&D .lS l BHOLI.
IOl'B: BISTOBIC&L Dlt.l lBB .lYllL.lBLI raoll THE BliKIIIG SICTlUH, DlflSlOII OP BBSB&BCB liD S!lTlSTICS, BOARD or GOf&BIOIS or TBI
PBDII.lL BIS&Ifl SISTEI, llSHIIGTOI, D.C. }.0~~1

H.3 (502)
Table 2

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE

Not'adjusted for changes in reserve requirements 1
Averagea of daliv llgurea, not seasonally adjusted
Mllllona of dollars

Monetary
baae~

Date
total

nonbonowed

required

198o--IOY.
lUI C.

~-..399

5s.oll7
58.733

55.1621
58.191

2111.2o7
2117.707

34.803
J7.3b0

23.51f3
211.011

1987--JlL
PI B.
Ill&.

59 0 o68

59.088

~7.uoo
~7.061

~•.sol

J.4o.7'f>2
21111 0 J.J.O
21111.978
2119.2111
21t9.9110
252.539
2511.471
2511.300
255.691
258.076
:.!61.617

J6.581l
33.625
J5.318
37.807
36.1166
36.309
36.110
35.616
36.685
37.llt9
37.1153

25.01t!l
25.889
23.75!1
23.353
23.693
211.380
24.631
211.6119
2.tl.860
25.59o
25.434

o~J.25o

59.560

21.5!15
J.J..199

1.947
1.872

;u. 0811

23.128
23.851
23.7511

1.965
2.1654
2.016
1.767
1.8lq
1.905
1.903
'· 9011
1.132
1.739
1.678

59.393
58.J39
58.7811
58.838
58.361
5t.81J
o1.106
61.207

5o.5JII
58.400
57.303
58.008
58.16o
57 0 711l
58.873
o0.163
60.582

58.ooo
:;5.849
511.11111
58 0 5oo
s7.2oO
57.5911
58.078
51.329
5!1.020
S<J.911
oo.279

4
18

01.817
b 1.1ll7

61.11t0
oo.s87

60.4155

259.2111
261.906

38.353
37.525

25.11.tl
25.188

23.1t01t
2J.6;U

1. 71q
1• .566

JIU

2
1o p

61.0711
o2.095

o0.392
61.281

59.81l9
ou.893

2o.t.222
265.086

31.010

25.802
25.372

24.005

38.263

1. 797
1.511q

1110

APB.

llll

JUIE
JULI
lUG.
SIPr.

oct.
lOY.

.U 0 11J5
;o!1

0

7~U

21.587
l1.813
J.2 0 U5

J.2.1l8

;u.7~t5

'1'110 liBKilS
BIDIJG

-------1987-IOY.
D.BC.

J..J.8J.J

P---PIBLIIJ:Illl
PB--PI&Lta1aAAI &Stlll'l'B.
1/ IBrLICII ~~ I&S81Y& IIQUII811&J'l'S• IICLDDIIG TBOSI 01 IOID&POSI'l' LllBILI'l'IBS• 11'1'8 10 ADJUS'l'lll'l'S '1'0 8£1allltl
'1'18 Jrr1C1S 0~ DJ:SCOI'l'IIDI'l'IBS lSSOCLl'l'BD II'l'l I&PLII&I'l'A'l'IOI or 'I'll IOIIrAII COI'l'IO£ lC'l' 08 O'l'BBM IIGDL&'l'OII
CHllaal 18 IISiafB IIQUI811&1'l'S.
2/ COISJSII Of to'l'l£ IISIII&S PLUS IIQUI.BID CLIA111G BALAIC&s liD lDJUS'l'BII~S TO COIPIISlTB PO.B rLO&'l' lt PBDB&l£ &ISilfB
IAI&S PLUS '1'81 C818&1CI COIPOIBI'l' or tHB lOIII S'l'OCK LISS THB liODIT OP fAULt CASH BOLDliGS OP 'l'I.BIPT IIS'l'I'l'DriOIS 'I'll!
IS IICLUDBD 11 THB CUIIBICI COIPOIBI'l' OP 'l'BK lOIII StOCB PLUS. roa IIS'l'1TU'l'IOIS lOT BlYIIG IIQUIBID 1&51118 84LAIC&s. 'l'HI
&IC&SS OP CU.BIII'l' llUL'l' ClSH OfBB TBB liOUI'l' lPPL11D TO SlTlSPJ CUBIBIT IISBifl I&QDII&IIITS. &r'l'&a taB 11'1'108DC'l'101 OP
Cll 0 CUIIIICI AID IAULT CASH PIGOIIS ABI l&lSUIID OYBI 'l'HB IOIDlt-IIDIIG COIPUtA'l'IOI PB810D.
3/ IICLUDIS IIQDIIBD CLillliG BlLliCBS liD lDJUSTIIIITS TO COftPBISATI POB PLOAT •
• / DlTBS IIPBI TO THB llllltiiAICB PBilODS 11 WHICH THB fAULt CASH Cll BB USBD '1'0 Sl'l'ISPt IBSB&IB IBUUI.BBftBitS. 018&8
COITBIPOI&IBODS BBSBIIB IBUOI8BIBitS. llll'l'KiliC~ PII10DS &MD JO DAIS &rt&a tHB LAGGID COftPUtl'l'lOI PB110DS
11 IKICB THE BALAICIS A&B B&LD.
5/ KQUlL TO lLL llDL'l' CASH HELD DUBIN~ THE LlGG&U COftPUTATJOI PBilOD Bl 11STITDTIOIS Hlfll~ BBQUIIBD RBS~RVI BALliCIS
AT l'BDIBlL RBSBIYI BAlKS PLUS 'l'HB UOUMT or UU.Lr CASH IUUlL TO .B.IIQUIIIB.O 1i£SI!.IIIIS DUBII~ THI UUITBJIUCB PllllOD l'l'
liSTlTQrlOMS HAfii~ 10 IBwUIBID BBSBBVB BALlNC~S.
b/ TOTAL VAULT CASH l'l' lliSTlTUTIOIS HAVINu NO iBUUliBD tBSBRVB BALAICES LESS THB AftODI'l' or VAULT ClSH BUUAL TO ~HBl.B
BIUU IKAI:D &BSII:IlYBS DUilllll> '!'Iii l!llii'UIIAIICE PBIIlOI>.
11 CUMSIS'l'S OP CliBfCYBR OIL! AT DB~O~LTOiJ lHSTlTUTlOIIS 8AIIITA1111NG i~SERYeS 011 THE 8lSIS U' TIIO-W¥BK 8ll¥'1'81AICE




77

-5

H.3(501t
Table3

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjuated for chaftgM In reaerve requ!Nmenta 1
A...... of deHy ,..._,not
8dtueted
MNflona of dollera

••oneNy

Dete
total

AeNrvea of depoeMory lnatltutlona
nonborrowed

Monetary base
required

1986-IOf.
-- DBC.

511,591
57,636

53,840
56,809

53,611
56,267

231,491
243,630

1987-J&I.
I'D.

58,731
56,088
56,068
58,372
57,299
57,625
57,743
51,390
57,1196
58,037
58,097

58,151
55,532
55,5111
57,379
56,2611
56,849
57,071
56,743
56,556
57,094
57,1172

57,663
511,877
55,152
57,5,11
56,221
56,,35
56,983
56,35&
56,103
56,909
51,169

243,U2
240,817
2111,925
2116.,066
246,831
2119,286

58,593
58,107

57,916
57,547

57,032
51,615

2516,274

18
2
16 p

57,919
58,933

51,231
58,118

56,694
57,730

Jll&.

&Pa.
Jill

JUI.B
JULI
AUG.
S.BH.
oct'.

lOt.

~51,1124

251,420
251.603
253,286
..t5&,826

IIIKS
II DUG

1'10

---------1987.~aor.

DJIC.

4

~57,163

.251,283

260,,205

Pr-- P&.BLIUI&BI
PJ--PBKLIUJ&af_ BS%ZI&TB.
1/ I'XUUS 8~ &.o.JUS~UftS .PO& D.ISCOIZ.IIUITIU ASSOCI&r&D 11.1%& TBB IIIPI.UBITAfiOI 01' TBB IO•Br&BI COft&OI. &cr
AID OI'UI RUlli.& TOll CIU.JI&IS ft _&UUfB UQU.UU.U%S.