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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.