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FEDERAL RESERVE statistical release

r?
'••^AL^t--'

r
H.9 (§©2)

For Immediate R * I U M

19/9

Aggregate Reserves and Member Bank

DEC.

^W YnL AHK

Averages of Daily Figures, in Billions of Dollars
Seasonally Adjusted

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BAHK RESERVES ±1
Monetary

Period

Total

Nonborrowed

Required

i

!

1976—OCT.
NOV.
DEC.

38.38
39.75
41.27

37.10
39.05
40.40

38.22
39.53
41.04

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT. P

41.48
40.75
40.81
40.65
40.48
40.42
40.82
41.07
41.46
42.32

40.48
39.78
39.82
39.73
38.72
39.00
39.65
39.98
40.12
40.30

41.26
40.54
40.66
40.47
40.34
40.20
40.61
40.85
41.27
42.04

26

41.73

40.57

41.70

3
10
17
24 P
31 P

41.87
42.00
42.20
41.77
43.51

40.75
41.07
40.67
38.81
40.45

41.51
41.41
42.20
41.61
43.17

7
14
21
28

42.84
43.13
43.30
43.10

40.91
41.27
41.44
41*08

42.36
42.87
43.19
42.97

1

1

7,1979

B

;

BaseiV |

'

—
Total

Private Demand Deposits

Time and
Savings

Total

Net
Interbank

137.8
139.9
142.4

608.9
616.9
616.7

418.3
427.5
429.4

187.2
187.0
185.1

10.2
11.1

143.4
143.3
143.9
144.5
144.9
145.6
146.9
148.4
150.1
151.6

621.1
619.7

185.6
181.9
180.5
184.7
183.5
184.8
187.5
187.1
189.0
191.7

10.0

618.6
613.9
613.1
618.7
623.7
630.5
639.0

433.5
436.1
434.1
432.0
428.7
425.9
429.4
434.4
439.8
445.6

150.4

630.8

441.3

!

188.4

151.1
151.2
151.4
150.9
153.1

636.3
634.3
640.9
637.6
637.7

442.3
443.9
445.5
446.4
448.0

1
!
1

192.7
188.8
193.4
189.3
187.9

152.6
152.8
153.1
153.0

643.8
642.3
645.3
645.3

450.1
451.7
452.0
452.7

1
j
i
[
i

616.4

!

|
i
i

U.S. Govt.
Demand

Other

177.0
175.9
175.2

3.5
2.3
2.3
1.9
1.8
1.8
1.8
1.7

11.3
14.0

175.6
173.8
171.1
174.8
173.7
175.9
177.2
177.3
177.7
177.7

11.3

177.1

1.2

14.0
10.6
15.5
13.0
12.2

178.6
178.2
177.9
176.3
175.7

1.4
1.5
2.0
1.9
1.9

13.5
11.2
13.5
12.6

178.1
177.6
177.7
178.3

2.2
1.8
2.2

9.8

8.1
9.4
9.9
9.8
8.9

10.3
9.9

T

2.4
1.8
2.2
1.8
1.8

<
WEEK E N D I N G :

1979-SEPT.
OCT.

NOV.




P
P
P
P

|

SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES.

191.6
188.8
191.2
190.9

|
1

j
j

1

1.7

H.t(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
|

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER RANK RESERVES _ l /
Monetary

Period
Total

Nonborrowed

Basel/

Required

Time and
Savings

Total

Private Demand Deposits
Total

Net

Other

U.S. Govt.
Demand

Interbank

1978—OCT.
NOV.
DEC.

38.38
39.65
41.68

37.10
38.94
40.81

38.22
39.42
41.<*5

137.5
140.5
144.6

608.4
615.1
624.0

418.5
425.2
429.6

1 86 . 9
188.0
191.9

10.1
11.4
10.4

176.8
176.6
181.5

3.0
2.0
2.5

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT. P

43.08
40.70
40.22
40.72
40.24
40.10
40.92
40.72
41.05
42.29

42.08
39.73
39.23
39.81
38.47
38.69
39.75
39.63
39.71
40.26

42.87
40.49
40.06
40.55
40.10
39.88
40.71
40.49
40.86
42.01

144.4
141.9
142.3
144.2
144.4
145.6
147.9
148.4
149.4
151.3

627.1
614.3
614.3
621.1
610.9
613.9
619.2
620.4
629.0
638.6

433.8
434.2
434.9
432.3
429.8
427.2
429.8
434.1
439.4
445.7

191.5
178.2
177.5
186.8
179.2
183.9
187.8
184.5
187.5
191.4

10.6
7.9
9.1
9.7
9.2
8.9
10.4
9.8
11.3
13.9

180.9
170.3
168.4
177.1
170.1
175.0
177.4
174.8
176.3
177.5

1.9
1.8
1.9
2.0
1.8
2.8
1.6
1.7
2.1
1.6

26

41.55

40.3 9

41.52

149.1

625.7

440.8

183.2

10.7

172.5

1.7

3
10
17
24 P
31 P

42.12
41.31
42.58
41.70
43.62

41.01
40.3d
41.05
38.74
40.57

41.77
40.72
42.58
41.55
4J.29

150.3
151.2
152.0
150.5
151.9

639.3
635.0
642.3
635.3
634.6

443.2
445.1
445.7
446.2
447.0

194.4
188.6
195.0
187.6
186.1

16.4
10.2
15.0
12.8
11.8

177.9
178.4
180.0
174.7
174.2

1.8
1.3
1.6
1.5
1.5

7
14
21
28

42.59
42.87
43.41
43.02

40.66
41.01
41.54
41.00

42.11
42.62
43.29
42.89

152.7
153.6
154.1
153.5

642.7
639.7
643.8
642.0

447.4
448.5
449.5
450.3

193.4
189.7
192.3
190.2

14.7
10.9
13.8
12.6

178.6
178.8
178.6
177.6

2.0
1.5
1.9
1.5

WEEK

i

1

ENDING:

1979-SEPT.
OCT.

NOV.

P
P
P
P

1

,

P - PRELIMINARY
1/
MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION D AND M. EFFECTIVE NOVEMBER 2 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF $ 1 0 0 , 0 0 0 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 BILLION IN THE WEEK
BEGINNING NOVEMBER 1 6 , 1 9 7 8 . EFFECTIVE. OCTOBER 1 1 , 1 9 7 9 , AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSED ON
"MANAGED L I A B I L I T I E S " . ON OCTOBER 2 5 , 1 9 7 9 , RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED I N MEMBER BANK RESERVES. I N THE
WEEK BEGINNING OCTOBER 2 5 , 1 9 7 9 , THtlSE ACTIONS RAIStfJ REQUIRED RESERVES $320 AND $318 M I L L I O N , RESPECTIVELY.
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.
NOTE:
BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, D I V I S I O N OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM, WASHINGTON, D . C . 2 0 5 5 1 .



H.3 (502)

Page 3

Aggregate Reserves and Monetary Base
Adjusted for Chang** in Rtitnw Requirements.!/
Averages of Daily Figures, in Millions of Dollars
|
Period

SEASONALLY ADJU8TED
MEMBER BANK RESERVES
Monetary Base
Total

Nonborrowed

Required

NOT SEASONALLY ADJUSTED
"
|
MEMBER BANK RESERVES
Monetary Base
Total
Nonborrowed Required

1978—CCT.
NOV.
DEC.

41,674
41,573
41,572

40,397
40,870
40,703

41,512
41,351
41,339

141,052
141,749
142,682

41,672
41,461
41,979

40,395
40,758
41,111

41,510
41,239
41,747

140,810
142,327
144,879

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT. P

41,767
41,028
41,100
40,910
40,749
40,697
41,127
41,375
41,771
42,497

40,764
40,055
^0,109
39,993
38,984
39,279
39,957
40,290
40,430
40,*73

41,552
40,819
40,942
40,734
40,607
40,476
40,917
41,154
41,581
42,218

143,688
143,619
144,178
144,749
145,129
145,877
147,240
148,725
150,444
151,780

43,368
40,978
40,502
40,988
40,505
40,381
41,221
41,021
41,362
42,463

42,366
40,005
39,512
40,071
38,740
38,963
40,050
39,936
40,021
40,439

43,154
40,769
40,344
40,812
40,364
40,160
41,010
40,800
41,172
42,184

144,717
142,140
142,621
144,453
144,704
145,895
148,231
148,689
149,758
151,480

WEEK

!

|
1

OCT.

NOV.

1
|

-

ENDING:

1979-SEPT.

1/

|1

!
!

26

42,041

40,882

42,015

150,702

41,859

40,700

41,833

149,415

3
10
17
24 P
31 P

42,177
42,324
42,541
42,075
43,186

41,058
41,386
41,011
39,115
40,130

41,820
41,730
42,540
41,924
42,849

151,375
151,542
151,763
151,220
152,795

42,433
41,634
42,921
42,006
43,303

41,314
4 0 , 6 96
41,391
39,046
40,247

42,076
41,040
42,920
41,855
42,966

150,622
151,567
152,289
150,777
151,589

7
14
21
23

42,637
42,306
42,955
42,577

42,161
42,053
42,840
42,442

152,38b
152,015
152,757
152,424

42,383
42,052
43,059
42,496

40,455
40,194
41,194
40,475

41,907
41,799
42,944
42,361

P
P
P
P

|

40,709
40,448
41,090
40,556

j
j

!

!

152,467
152,740
153,765
152,937

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.