The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL R E & W E AJ&Ucal release ^f^f^ H.3 (502) For Immediate Release Table 1 FEBRUARY AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements1 Averages of daily figures Reserves of depository institutions total2 Period nonborrowed required millions of dollars seasonal I / adjusted HEEK P Monetary base3 billions of dollars 38,80 4 39,566 39,875 40,458 40,891 38,295 37,958 37,994 38,160 38,145 38,266 38,210 38,492 39,182 39#471 40,056 40,391 164.3 164.7 165.2 166.5 167.7 168.8 169.2 170.1 171.9 172.8 173.7 175.1 40,036 38,052 37,799 38,330 38,189 38,069 38,434 38,512 39,353 39,997 40,679 41,572 38,519 36,262 36,244 36,762 37,071 36,864 37,743 37,996 38,420 39,519 40,058 40,938 39,618 37,748 37,437 38,057 37,830 37,761 38,120 38,199 38,969 39,592 40,277 41,072 165.3 162.9 163.3 165.6 167.1 168.2 170.0 170.4 171.4 172.9 175.1 178.5 40,945 40,414 40,419 176.8 42,243 41,712 41,717 177.4 38,504 38,575 38,523 •1983—JAN. billions of dollars Reserves of depository institutions total2 nonborrowed required millions of dollars not seasonally adjusted 37,195 36,472 36,801 36,865 37.387 37,370 37,832 38,289 38,632 39,398 39,837 40,257 38,713 38,262 38,356 3Q,H33 1982—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. Monetary base3 7, 1983 ENDING: 1983—JAN. 5 12 19 P 26 P 41,551 40,220 41,455 40,719 40,353 39,795 40,988 40,391 40,558 39,929 40,782 40,381 177.3 175.8 177.3 176.8 42,690 41,598 43,607 41,813 41,492 41,173 43,140 41,485 41,697 41,307 42,334 41,475 179.7 178.0 178.7 175.5 FEB. 2 P 40,956 40,571 40,510 177.3 41,389 41,004 40,943 175.1 1/ 2/ 3/ RESERVE AGGREGATES INCLUDE BEQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND CTHEfi DEPOSITORY INSTITUTIONS. DISCONTINUITIES ASSOCIATED HITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. BEGINNING H U B THE WEEK ENDED DECEMBER 23, 1981, RESERVES AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS) . ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT BEQUIRED RESERVES HB LOHEfiED ON AVERAGE BY $10 TO $20 MILLION IN DECEMBER 1981 AND $40 TO $70 UILLIOU IN JANUARY 1982. RESERVE BALANCES HITH FEDERAL RESERVE BANKS (HHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS HITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQOIRED RESERVES AT OTHER INSTITUTIONS INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESEBVE BANKS IN THE CURRENT HEEK PLUS VAULT CASH HELD THO HEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS. NOTE: HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, HASHINGTON, D.C 20551. 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 millions of dollars 1982—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 1983—JAN. KEEK 1/ 2/ 3/ P 43,203 41,286 39,235 39,557 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 41,685 39,496 37,680 37,989 38,433 38,360 39,275 39,662 39,028 40,109 40,578 41,219 42,784 40,982 38,873 39,284 39,191 39,257 39,653 39,866 39,578 40,182 40,797 41,353 169.1 166.8 165.4 167.6 169.2 170.4 172.3 172.8 172.3 173.8 176.0 179.3 41,850 41,319 41,324 177.9 ENDING: 1983—JAN. 5 12 19 P 26 P 42,353 41,281 43,174 41,379 41,155 40,856 42,707 41,051 41,360 40,990 42,501 41,041 180.1 178.4 179.1 175.9 FEB. 2 P 40,948 40,563 40,502 175.5 RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES HITH NO ADJUSTMENTS TC ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED HITH THE IMPLEMENTATION CF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGRAM OF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITORY INSTITUTIONS ACT OF 1982, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLCHS: EFFECTIVE NOVEMBER 13, 1980, A REDUCTION OF $2.9 BILLION; FEBRUARY 12, 1981, AN INCREASE OF $245 MILLION; AUGUST 13, 1981, AN INCREASE OF $245 MILLION; MARCH 12, 1981, AN INCREASE OF $75 MILLION; MAY 14, 1981, AN INCREASE OF $245 MILLION; AN INCREASE OF $230 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLION; FEBRUARY 11, 1982 AN INCREASE OF $170 MILLION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13, 1982, AN ESTIMATED INCREASE CF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER Z, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION, OCTOBER 28, 1982, AN ESTIMATED REDUCTION OF $100 MILLION; AND DECEMBER 230 1982, AN ESTIMATED REDUCTION OF $800 MILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23r 1981, RESERVE AGGREGATES HAVE EEEN REDUCED BY SHIFTS OF RESERVABIE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESEVES MERE LOWERED ON AVERAGE BY $60 TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TRANSACTIONS. RESERVE BALANCES HITH FEDERAL RESERVE BANKS (HHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS HITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL &ESEBVE BANKS IN THE CURRENT HEEK PLUS VAULT CASH HELD 1HO HEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS CF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
@FedFRASER