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FEDERAL RESERVE statistical release
.f^URE^:

^%t

H.I (WD

'>i

Oft

For Immecllele Releeee

.

Aggregate Reserves and Member Bank Dei>0£its
Averages of Daily Figures
Seasonally Adjusted

MEMBER BANK RESERVES ±1
Total

Nonborrowed

Basely

Required

Total

)mmmm—mmmmmmmmmmmmmmmmm*
^

Millions of dollars

'""+

13,

1980

REVISED SERIES*

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary

Period

FEB.

M^MMMMHMaBMM

Time and
Savings

Private Demand Deposits
Total

^mmmm—mmmmmmmm—mmmam

Net
interbank

U.S. Govt.
Demand

Other

Billions of dollars

1978—DEC.

41,232

40,363

40,999

142.2

616.1

428.8

185.1

12.2

172.9

2.2

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

41,384
40,877
40,772
40,708
40,666
40,588
40,863
41,094
41,469
42,204
43,075
43,527

40,382
39,904
39,781
39,790
38,901
39,170
39,692
40,009
40,129
40,181
41,164
42,055

41,170
40,668
40,613
40,531
40,525
40,367
40,652
40,873
41,278
41,940
42,831
43,129

143.2
143.4
144.0
144.6
145.1
146.0
147.2

619.0
617.5
615.4
618.8
616.0
614.7
619.4
625.4
631.5
638.2
642.0
644.7

431.2
432.9
432.3
431.9
429.8
427.6
430.6
436.3
441.7
446.7
450.0
451.0

185.8
182.7
181.2
185.0
184.2
185.0
186.9
187.0
188.1
189.8
190.0
191.9

12.2
10.1
11.4
11.9
11.7
11.2
12.4
12.2
13.3
15.1
14.7
15.6

173.6
172.6
169.8
173.2
172.5
173.7
174.5
174.8
174.7
174.7
175.3
176.3

2.0
1.9
1.8
1.9
1.9
2.1
1.8
2.1
1.7
1.7
1.9
1.8

43,305
43,711
43,246
43,617

41,486
42,420
41,562
42,393

43,070
43,125
43,127
43,121

153.0
153.6
153.4
154.0

644.1
645.5
645.4
646.6

451.6
451.5
451.3
451.3

190.8
191.8
190.9
193.1

15.1
15.9
14.8
16.7

175.7
175.9
176.2
176.5

43,759
43,673
43,608
43,272
43,434

42,328
42,941
42,382
42,075
41,613

43,209
43,434
43,057
43,029
43,155

154.5
155.0
154.8
154.6
155.0

642.6
643.9
644.4
642.9
643.7

448.8
450.6
451.6
453.4
452.8

192.8
190.7
191.1
186.8
188.5

15.1
13.3
14.6
14.3
14.1

177.7
177.5
176.6
172.5
174.4

i

J 148.6
150.1
151.5
152.8
153.6

!

WEEK E N D I N G :
1979-DEC.

1980-JAN.

5P
12P
19P
26P
2P
9?
16P
23P
30P

»
'
»

1
1

SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES.

*N0TE:




REFLECTS REVISED SEASONAL FACTORS BASED ON AN ADDITIONAL YEAR OF DATA.

!

1.7
2.2
3.1
2.1
1.0
2.7
1.7
2.6
2.4

H.t (502)|

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES
NOT SEASONALLY ADJUSTED
[

MEMBER BANK RESERVES j V

Period
Totri

Nonborrowed

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

Monetary
Basel/ i

Required

Total

Private Demand Deposits

Time and
Savings

Millions of dollars

Total

Net
Interbank

Other

U.S. Govt.
Demand

Billions of dollars

1978—DEC.

41,678

40,810

41,446

144.6

624.0

429.6

191.9

12.6

179.3

2.5

1 9 7 9 — JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.P
DEC.P

43,079
40,703
40,217
40,724
40,237
40,104
40,916
40,715
41,053
42,269
43,015
43,958

42,077
39,730
39,226
39,807
38,472
38,686
39,746
39,630
39,713
40,246
41,103
42,485

42,865
40,494
40,059
40,096
39,883
40,705
40,494
40,862
42,005
42,771
43,560

144.4
141.9
142.3
144.2
144.4
145.6
147.9
148.4
149.4
151.3
153.5
156.2

627.1
614.3
614.3
621.1
610.9
613.9
619.2
620.4
629.0
637.8
642.2
652.9

433.8
434.2
434.9
432.3
429.8
427.2
429.8
434.1
439.4
445.8
449.1
452.0

191.5
178.2
177.5
1 86 . 8
179.2
183.9
187.8
184.5
187.5
190.5
191.4
199.0

13.1
9.9
11.1
11.6
11.0
11.0
12.6
12.0
13.3
15.1
15.3
16.2

178.4
168.3
166.4
175.2
168.2
172.9
175.2
172.6
174.2
175.4
176.2
182.8

1.9
1.8
1.9
2.0
1.8
2.8
1.6
1.7
2.1
1.6
1.7
1.9

1

j

!
1

WEEK ENDING:
1979-DEC.

5?
12P
19P
26P

43,614
43,668
43,816
44,056

41,795
42,377
42,132
42,832

43,379
43,082
43,697
43,560

154.5
155.7
156.1
157.4

647.4
648.7
651.6
654.4

451.6
452.2
451.9
452.2

194.1
194.8
197.0
200.7

15.5
14.7
15.2
16.8

178.5
180.1
181.8
183.9

1.7
1.7
2.7
1.5

1980-JAN.

2P
9P
16P
23P
30P

44,767
44,807
46,539
45,325
44,665

43,336
44,075
45,313
44,128
42,844

44,217
44,568
45,988
45,082
44,386

156.7
157.2
157.7
155.6
153.9

663.6
660.0
654.9
649.4
642.3

451.6
453.8
454.3
456.1
455.1

210.1
203.7
198.7
190.8
185.3

19.3
15.8
15.3
14.5
13.5

190.8
187.9
183.4
176.3
171.8

1.9
2.5
1.8
2.5
1.9

i

1
1
P - PRELIMINARY
1/
MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION 0 AND M. EFFECTIVE NOVEMBER 2 , 1978, A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSEO ON TIME DEPOSITS OF $100,000 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 BILLION IN THE WEEK
BEGINNING NOVEMBER 1 6 , 1978. EFFECTIVE OCTOBER 1 1 , 1979, 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 , 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBEk BANK RESERVES. IN THE
WEEK BEGINNING OCTOBER 2 5 , 1979, THESE ACTIONS RAISED REQUIRED RESERVES $320 AND $318 MILLION, 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, DIVISION 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 Changs* In Rtssrvs Raquiramantsi/
Avsragss of Dally Figurat, In Millions of Dollars'
v

1

SEASONALLY ADJUSTED
MEMBER SANK RESERVES

Period

"""^

NOT SEASONALLY ADJUSTED

"|

MEMSER BANK RESERVES

1

Monetary Base
Total

Non borrowed

Required

Total

Nonborrowed

Monetary Base

Required

Billions of dollars

Billions of dollars
1978—OEC.

41,495

40,627

41,262

142.5

41,941

41,073

41,709

144.8

1979—JAN.

41,626

40,623

41,411

41,016
40,921
40,889
40,825
41,119
41,349
41,731
42,336
42,558
43,157

40,025
| 40,003
39,124
39,407
39,949
40,264
40,391
40,313
40,647
41,685

40,857
40,744
40,748
40,604
40,909
41,128
41,540
42,072
42,314
42,759

143.4
143.6
144.2
144.8
145.4
146.2
147.4
148.8
150.3
151.6
152.3
153.3

43,321
40,936
40,461
40,937
40,459
40,341
41,173
40,970
41,315
42,400
42,498
43,588

42,318
39,963
39,470
40,020
38,695
38,923
40,002
39,885
39,975
40,378
40,587
42,115

43,106
40,727
40,303
40,761
40,318
40,120
40,962
40,749
41,124
42,136
42,254
43,190

144.7
142.1
142.6
144.4
144.7
145.9
148.2
148.6
149.7
151.4
153.0
155.8

42,861
43,253
42,873
43t347

41,042
41,962
41,189
42,123

42,626
42,667
42,754
42,851

152.5
153.1
153.1
153.8

43,170
43,210
43,443
43,786

41,351
41,919
41,759
42,562

42,935
42,624
43,324
43,290

154.1
155.3
155.7
157.2

43,451
43,411
43.380
42.991
43.116

42,020
42,679
42,154
41,794
41,295

42,901
43,172
42,829
42,748
42,837

154.2
154.7
154.6
154.3
154.7

44,459
44,545
46,311
45,045
44,347

43,028
43,813
45,085
43,848
42,526

43,909
44,306
45,760
44,802
44,06$

156.4
156.9
157.4
155.3
153.6

MAR.
APR.
NAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.P
OEC.P

I
!
1!
I

i
!
!
i
1

i

j

WEEK ENDING J
1979-DEC.

5P
12P
19P

w
1980-JAN.

1/

Z9
9P
16P
23P
SOP

1

RESERVE AGGREGATES SERIES HAVE BEEN AOJUSTEO 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 OATA AND A DESCRIPTION OP
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.