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FEDERAL RESERVE statistical release
H.3 (502)

For Immediate Release

Table 1
DECEMBER 2 8 ,

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE

1981

Adjusted for changes in reserve requirements 1
Reserves o f depository institutions
total 2
non borrowed
required
millions o f dollars
seasonal I/ adjusted

Period

1 9 80 — NOV.
DEC.

4/

Monetary base3
billions o f dollars

Reserves o f depository institutions
total"
I nonborrowed I
required
millions o f dollars
not seasonally adjusted

Monetary base3
billions o f dollars

3 9 ,1 8 7
3 9 ,1 8 7

37,, 128
3 7 ,4 9 7

3 8 ,6 66
38 ,7 1 9

1 57.7
15 8.2

3 9 ,1 8 9
3 9 ,6 5 7

37 ,1 3 0
3 7 ,9 6 6

3 8 ,6 6 8
3 9 ,1 8 9

158.7
161.0

3 9 ,1 8 2
3 8 ,9 4 8
39 ,0 70
3 9 ,2 6 5
39 ,5 4 2
39 ,3 5 1
3 9 ,6 0 9
39 ,8 8 3
4 0 ,6 1 5
4 0 ,2 6 6
4 0 ,2 6 8

37 ,7 8 7
3 7 ,6 45
38 ,0 7 0
37 ,9 2 8
37 ,3 1 4
37 ,3 1 4
3 7 ,9 3 0
3 8 ,4 6 3
39 ,1 5 8
3 9 ,0 8 6
3 9 ,6 0 5

3 8 ,8 7 2
3 8 ,6 7 2
38,821
39 ,1 38
3 9 ,3 6 7
3 9 ,1 02
3 9 ,3 5 9
3 9 ,6 81
40 ,2 90
40 ,0 7 7
4 0 ,0 0 2

158.7
159.0
159.5
16 0.5
161.7
161.6
162.7
163.4
164.0
1 63.9
164.7

40,601
38 ,8 1 9
3 8 ,5 9 0
39,231
3 9 ,2 2 8
3 8 ,9 6 4
3 9 ,5 4 6
3 9 ,3 8 9
39 ,9 9 7
4 0 ,1 30
40 ,2 5 0

3 9 ,2 0 7
37,5 1 6
37 ,5 9 0
37 ,8 9 4
37 ,0 00
3 6 ,9 2 7
3 7 ,8 6 7
37 ,9 7 0
3 8 ,5 4 1
3 8 ,9 4 9
3 9 ,5 8 7

4 0 ,2 91
38 ,5 4 4
3 8 ,3 4 2
39,1 0 4
3 9 ,0 5 3
38 ,7 15
3 9 ,2 9 6
39 ,1 87
3 9,6 7 3
3 9 ,9 41
3 9 * 98 4

159.6
157.4
157.8
159.9
1 6 0.8
161.2
163.3
163.2
163.3
163.8
165.6

P

4 0 ,4 1 3
40 ,0 08
40 ,1 2 7
4 0 ,2 0 3

3 9 ,1 7 6
3 8,9 9 9
3 9 ,5 6 6
3 9 ,8 6 6

4 0 ,1 2 6
39 ,5 76
40 ,0 5 6
4 0 ,0 51

1 64.5
164.1
164.5
164.6

4 0 ,3 60
3 9 ,5 81
40,3 40
4 0 ,2 3 9

3 9 ,1 23
38 ,5 7 2
3 9 ,7 7 9
3 9 ,9 02

4 0 ,0 73
3 9 ,1 4 9
40 ,2 6 9
4 0,0 8 7

16 4.2
165.3
165.8 '
165.6

2 P
9 P
16 P

4 0 ,8 0 1
4 0 ,1 17
4 1 ,0 0 1

4 0 ,4 8 4
39 ,4 9 9
40 ,6 0 3

4 0 ,3 55
3 9 ,9 3 2
40 ,9 3 9

165.3
164.7
166.0

4 0 ,9 86
4 0 ,0 65
41 ,4 65

4 0,6 6 9
3 9 ,4 4 7
41 ,0 6 7

4 0 ,5 4 0
3 9 ,8 8 0
4 1 ,4 0 3

166.7
167.4
168.8

1981— JAN.
FEB.
MAR.
APR.
MAY
JUNE
JUL Y
AUG.
SEPT.
OCT.
NOV. P

WEEK END ING :
1981 — NOV.

DEC.

P 1/

2/
3/

4/

4
11
18
25

PRELIMINARY
RESERVE AGGREGATES I NCL UD E REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY
IN STITU TIO N S.
D I S C O N T I N U I T I E S AS SO C IA TE D WITH THE IM P L EM E N TA TI ON OF THE MONETARY CONTROL A C T , THE I N C L U S I O N
OF EDGE ACT CORPORATION
RE SE R VE S, AND OTHER CHANGES I N REGULATION D HAVE BEEN REMOVED.
RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED C L EA RI N G BALANCES) PLUS VAULT CASH AT
I N S T I T U T I O N S WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER I N S T I T U T I O N S .
I N CL U DE S RESERVE BALANCES AND REQUIRED CLEARIN G BALANCES AT FEDERAL RESERVE BANKS I N THE CURRENT WEEK PLUS
VAULT CASH HELD TWO WEEKS E A R L I E R USED TO S A T I S F Y RESERVE REQUIREMENTS AT ALL DEP OSI TOR Y I N S T I T U T I O N S PLUS
CURRENCY OU TS ID E THE U . S . TRE A SU RY , FEDERAL RESERVE B AN KS , THE VAULTS OF DEP OSITORY I N S T I T U T I O N S , AND
SURPLUS VAULT CASH AT DE PO SIT OR Y I N S T I T U T I O N S .
R I S E R V E MEASURES FROM NOVEMBER 19 80 TO DATE REFLECT A O N E - T IM E IN CR EA SE — ESTIMA TE D AT $ 5 5 0 TO $600
M I L L I O N — I N REQUIRED RESERVES AS SO C IA T ED WITH THE REDUCTION OF WEEK-END AVOIDANCE A C T I V I T I E S OF A FEW
LARGE BANKS.

NOTE:
H I S T O R I C A L DATA ARE A V A I L A B L E FROM THE BANKING S E C T I O N , D I V I S I O N
GOVERNORS OF THE FEDERAL RESERVE SY ST EM , WASHINGTON, D . C .
20551.




O?

RESEARCH

AND S T A T I S T I C S ,

BOARD OF

H.3

Table 2

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS
Not adjusted for changes in reserve requirements
Average of daily figures, not seasonally adjusted________________
Reserves o f depository institutions1
total*

Period

nonborrowed

required

Monetary
base3

millions o f dollars

1 9 8 0 — NOV.
DEC.

4 1 ,2 4 4
4 0 ,6 1 4

3 9 ,1 84
3 8 ,9 2 4

4 0 ,7 2 3
4 0 ,1 46

16 1.6
16 2.4

1981— JAN.
FEB .
MAR.
APH.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV. P

4 1 ,5 35
39 ,7 5 4
3 9 ,6 9 3
40 ,2 91
4 0 ,4 33
4 0 ,3 53
4 0 ,9 1 7
4 0 ,9 3 3
4 0 ,5 01
40 ,6 2 2
40 ,8 6 7

40,141
3 8 ,4 5 0
38 ,6 9 4
3 8 ,9 5 3
38 ,2 05
38 ,3 16
39 ,2 3 8
3 9 ,5 1 4
3 9 ,0 4 5
3 9 ,4 4 2
4 0 ,2 0 4

41 ,2 2 6
3 9 ,4 7 8
39 ,4 4 5
40 ,1 64
4 0 ,2 5 8
4 0 ,1 04
40 ,6 6 7
4 0 ,7 3 1
4 0 ,1 7 7
4 0 ,4 33
40 ,6 01

16 1.0
158.8
159.5
16 1.6
162.6
163.3
165-4
165.4
163.9
164.3
16 6.3

9

4 0 ,8 2 2
4 0 ,0 6 8
41 ,0 74
40 ,9 0 5

3 9 ,5 8 5
3 9 ,0 5 9
4 0 ,5 1 3
4 0 ,5 6 8

40 ,5 3 5
3 9 ,6 3 6
41 ,0 03
40 ,7 53

164.8
165.9
16 6.6
166.3

2 P
9 P
16 P

4 1 ,6 76
4 0 ,7 9 3
4 2 ,1 9 3

4 1 ,3 59
4 0 ,1 7 5
4 1 ,7 9 5

41 ,2 3 0
4 0 ,6 0 8
42 ,1 31

1 67.5
168.2
169.6

WEEK E N D I N G :
1981 — NOV.

DEC.

,/

4
11
18
25

RESERVES OF D EP OSI TOR Y

IN S T IT U T IO N S

SERIES

REFLECT ACT UAL ^ S E R V E

RE Q0 IB E« E N ^[ ^ R C E N T A GES

S M & P P iS iu a & s a & s ip
5 £ l O „

SURPLUS VAULT CASH AT D EP OSI TOR Y I N S T I T U T I O N S .




AND NOVEMBER