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FEDER/C RfcgfcRVE statistical release -mMrmmmmm ••ftZugS* H.3 (502) For Immediate Release Tabid AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions Period total2 | nonborrowed required millions of dollars seasonalh1 adjusted FEE. Monetary base3 billions of dollars 6., Reserves df^deposttory institutions total? nonborrowed required millions of dollars not seasonslly adjusted 1984 Monetary base3 billions of dollars 1983-—JAN. FEB. BAB. APB. BAT JTJBE JOLT AUG. SEPT. OCT. NOV. DEC. 35,634 36,100 36,803 3?,153 37,129 37,612 37,800 37,694 37,717 37,624 37,408 3 7,590 35,104 35,517 36,011 36,144 36,177 35,976 36,347 36,148 36,276 36,781 36,503 36,816 35,086 35,664 36,370 36,677 36,680 37,132 37,293 37,247 37,220 37,120 36,879 37,029 171.9 173.8 176.1 177.3 178.8 180.3 181.1 182.1 183.4 184.6 185.5 186.5 37*,611 35,973 36,056 36,911 36,637 36,78? 37,341 37,064 37^386 37,680 37,694 38,369 37,082 35,390 35,264 35,902 35,685 35,151 35,688 35,518 35*946 36,636 36,789 37,595 37,063 35,537 35,623 36,435 36,188 36,306 36,633 36,618 36,888 37,175 37,165 37^868 173.2 171.4 173.6 176.3 177.i8 179*6 181-7 181.8 182*9 184-4 186.7 190.0 1984-- J A N . P 37,444 36,728 36,824 188.7 39,601 38,685 38,981 189.S 1BEK ENDIHG; 1984- - J A N . 4 11 18 P 25 P 37,841 37,318 37,447 37,458 36,550 36,755 36,663 36,953 36,883 36,636 36,684 36,878 188.4 188.8 188.9 188.6 39,553 39,017 40,612 39,840 38,262 38,454 39,828 39#335 36,595 38,335 40,049 39,266 191.6 191.3 191.3 188.7 FEB. 1 P 37,304 36,627 36,872 168.9 38,853 38,176 , 34,42.1 1B7.0 1/ 2/ 3/ BBSBBfE AGGBEGAIES INCLODE BBQOIBBD URStZVBS OF fiEBBBB fiABKS ABD EDGE AC! COBPCBATIOBS ABD OXHBB 0EF6S1IGBI INSTITUTIONS. DISCONTIN0I1IES ASSOCIATED BITB THE IBPLEHBBTATIOB OF TBE BONEIABE COITBOX AC*, TAB IBCI0SICB OF EDGE ACT CCBPCBAIICN BESEBVES, ABD OTBEB CHANGES I B 8BGULATIGJ D HAVE SEE* BIBqVBfi. BESEBVE BALANCES 1ITH FBDBBAL BESEBVE BANKS <BHICH EXCLUDE BBOOJIED CLEABING BALANCES) PLUS VAULT CAS* AT INSTITUTIONS NITH REQUI8ED BESEBVE BALANCES PLUS VAULT CASH EQUAL TO BBGAUBD BBSIBtBS Al ClflEB INSTITUTIONS COHSISTS OF BESEBVE BALANCES AND SEBV1CE-BELATB0 BALANCES AND AMOStNBHTS Al fBDBBAL BESBBVi BANKS IN IBB CUBBENT WEEK PLUS VAULT CASB BBLD TNO HEEKS BABLIBB USED TO S A 3 I S F I BiSAAlE ftBft»m*fiNIS AT ALL DA*CS150BX INSTITUTIONS PLUS CDBBBNCI OUISIDB THE U . S . TBEASOBI, FBDBiUL ILBSBMVE BANKS, AN* ffiE VAULTS 0* DEPCSI1CBX INSTITUTIONS, PLUS SUBPLUS VAULT CASH AT DBPOSITOBT INSTITUTIONS. I W > 5 HISTOBICAL DATA ASE AVAILABLE FBOB THE BANKING SECTION, DIVISJOi OF BBSEAICB ABfi STATISTICS* BOABD OF GOVEBNGBS OF IBB FEDEBAL BESBBVE SISTBB, HASHINGION, D.C 2 0 5 5 1 . H.3 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS Not adjusted for changes in reserve requirements Average of daily figures, not seasonally adjusted Reserves of depository institutions1 total2 Period nonborrowed required Monetary base3 billions of dollarr millions of dollars < 1983—JAJf. FEB. BAR. APR. HAT JOBE JOLT AUG. SEPT, OCT, NO?. DEC 41,864 39,798 38,035 38,650 38,282 38,415 38,948 38,661 37,916 38,138 38,144 36,894 41,334 39,215 37,2*3 37,640 37,330 36,779 37,495 37,115 36,475 37,294 37,239 38,120 41,316 39,362 37,602 38,174 37,833 37,934 38,440 38,214 37,418 37,633 37,615 38,333 177.9 176.0 175.9 178.4 179.8 181.6 183.7 183.8 183.5 184.9 187.2 190.6 1983—JAB, P 40,126 39,410 39,507 190.4 1_ SEEK ENDING: 1984—JAB* 4 11 18 P 25 P 40,140 39,662 41,172 40,252 38,849 39,099 40,388 39,747 39,182 38,980* 40,609 39,672 192.2 191.9 191.9 189.2 PEB. 1 P 39,290 38,613 38,858 187.4 1/ RESERVES OP DEPOSITOBT INSTITUTIONS SEBIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES BITH NO ADJUSTBENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED BITH TBE IHPLEHEHTATION OF TBE MONETARY CONTROL ACT. INCLUDES REQUIRED RESEBTES OF HEHBEB BANKS ABD EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTBEB DEPOSITOBT INSTITUTIONS. UNDER TBE TRANSITIONAL PBASE-IN PBOGBAI OF TBE MONETAE! CONTROL ACT OF 1980 AND PBOTISIONS OF THE DEPOSITOBT INSTITUTIONS ACT OF 1982, TBE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORT INSTITUTIONS BATE BBEB AS FOLLOWS: EFFECTIVE HOVBHBIX 13, 1980, A REDUCTION OF $2.9 BILLION; FEBRUART 12, 1981, AN INCREASE OF $245 BILLION; HABCH 12, 1981, AN INCREASE OF $75 BILLION; MAT 14, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOTEBBEB 12, 1981, AN INCREASE OF $210 BILLION; JANUABT 14, 1982, A REDUCTION OF $60 MILLION; FEBRUART 11, 1982 AN INCREASE OF $170 HXILION; MARCH 4, 1982, AN ESTIHATED REDUCTION OF $2*0 BILLION; MAT 13, 1982, AN ESTIHATED INCBEASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLIOJ; SEPTBMBEB 2, 1982, AN ESTIBATED REDUCTION OF $1.2 BILLION; OCTOBER 28, 1982, AN ESTIMATED SEDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; MARCH 3, 1983, AN ESTIHATED REDUCTION OF $1.9 BILLION; SEPTBMBEB 1, 1983, AN ESTIMATED REDUCTION OF $1.1 BILLION; AND JANUART 18, 1984, AN ESTIMATED REDUCTION OF $120 MILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVE AGGREGATES HAVE BEEN REDUCED BT SHIFTS OF RESEBVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES CIBFS) • ON THE BASIS OF REPORTS OF LIABILITIES TBANSFEBBRD TO IBFS BI U.S. COMHERCIAL BANKS AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIHATED THAT REQUIBBD BESERVES BERE LOBEBED ON AVEBAGE BT $60 TO $90 HILLIOB IN DECEHBER 1981 AND $180 TO $230 MILLION IN JANUABT 1982, MOSTLT REFLECTING A REDUCTION IN RESERVABLE EUROCURRBNCT TRANSACTIONS* BEGINNING VITH THE MEEK ENDING APBIL 20, 1983, REQUIRED RESEBTES BERE REDUCED AN ESTIMATED $80 MILLION AS K RESULT OF THE ELIBIN1TION OF RESERVE ^REQUIREMENTS ON NONPEBSONAL TIME DEPOSITS WITH MATURITIES OF 2-1/2 YEARS TO 3-1/2 YEARS. BBGINNING WITH TBE BERK ENDING OCTOBER 26, 1983, REQUIRED RESERVES BERE REDUCED AN ESTIHATED $90 HILLIOB AS A RESULT OF TBI ELIMINATION OF RESERVE REQUIREMENTS ON NONPEBSONAL TIME DEPOSITS BITH MATURITIES OF 1-1/2 TEABS TO 2-1/2 TEAHS. 2/ RESERVE BALANCES BITH FEDERAL RBSBBVB BANKS (WHICH EXCLUDED BEQUIBED CLSIRING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED BESBBTE BALANCES PLUS VAULT CASH EQUAL TO BEQUIBED BESERVES AT OTHER INSTITUTIONS. 3/ CONSISTS OF RESERVE BALANCES AND SERVICE-RELATED BALANCES AND ADJUSTMENTS AT F1DEBAL RESERVE BANKS IN THE CURBENT WEEK PLUS VAULT CASH HELD TWO BBEKS EARLIER USED TO SATISFT RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURBENCT OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, AND THE VAULTS OF DEPOSITORY INSTITUTIONS, PLUS SURPLUS VAULT CASH AT DEPOSITOR! INSTITUTIONS.
@FedFRASER