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FEDERAL RESERVE statistical release
^f^rip^
For

H.S (ioa)

Aggregate Reserves and Member Bank Deposits

JAN. l i t

Averages of Dally Figures, In Billions of Dollars
Seasonally Adjusted

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES ±1
Monetary

Period

Nonborrowed

ToteJ

198tt

Basel/

Required

Total

1 Time and
Savings

Private Demand Deposits
Total

Net
Interbank

Other

U.S. Govt.
Demand

\
1978—DEC.
1979—JAN.

FEB.

1

*AR.
APR.
^AY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.P
DEC.P

WEEK

41.27

40.40

41.04

142.4

41.48
40.75
40.81
40.65
40.48
40.42
40.82
41.07
41.46
42.30
43.13
43.52

40.48
39.78
39.82
39.73
38.72
39.00
39.65
39.98
40.12
40.28
41.22
42.05

41.26
40.54
40.66
40.47
40.34
40.20
40.61
40.85
41.27
42.04
42.89
43.12

143.4
143.3
143.9
144.5
144.9
145.6
146.9
148.4
150.1
151.6
152.8
153.8

42.84
43.13
43.32
43.10

40.91
41.27
41.45
41.08

42.36
42.87
43.20
42.97

43.60
43.84
43.27
43.48

41.78
42.55
41.59
42.26

43.36
43.25
43.15
42.98

616.7

429.4

185.1

9.8

175.2

2.3

621.1

185.6
181.9
180.5
184.7
183.5
184.8
187.5
187.1
189.0
190.8
190.2
192.0

10.0
8.1
9.4
9.9
9.8
8.9
10.3
9.9
11.3
13.2
12.5
13.4

175.6
173.8
171.1
174.8
173.7
175.9
177.2
177.3
177.7
177.7
177.7
178.7

1.9
1.8
1.8
1.8
1.7
2.4
1.8
2.2
1.8
1.8
2.0
1.8

178.2
177.6
177.7
178.3

2.2
1.8
2.2
1.7

1

619.7

|
!
|

616.4
618.6
613.9
613.1
618.7
623.7
630.5
638.2
643.9
645.8

433.5
436.1
434.1
432.0
428.7
425.9
429.4
434.4
439.8
445.6
451.8
452.0

152.6
152.8
153.1
153.0

643.1
642.4
645.3
645.3

450.1
451.8
452.0
452.7

190.7
188.8
191.2
190.9

153.2
153.8
153.3
153.9

645.6
644.6
643.1
646.5

453.2
452.6
451.9
451.5

190.1
189.9
189.3
193.7

12.9
12.2
11.5
14.7

177.2
177.7
177.8
178.9

2.3
2.2
1.9
1.3

645.7

449.8

194.2

13.4

180.8

1.7

ENDING:

1979-NOV.

DEC.

1980-JAN.

7P
14P
21P
28P
5P
12P
19P
26P
2?




i
1

43.42

1

41.98

|

42.87

SEE

s

154.8

REVERSE S I D E

|

!

FOR E)( P L A N A T I 0 N

0F

FOOTNOTES.

,

12.5
11.2
13.5
12.6

(

H.t (502))

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
MEMBER BANK RESERVES j V
Period

Nonborrowed

Required

41.68

40.81

41.45

144.6

624.0

43.08
40.70
40.22
40.72
40.24
40.10
40.92
40.72
41.05
42.27
43.02
43.96

42.08
39.73
39.23
39.81
38.47
38.69
39.75
39.63
39.71
40.25
41.10
42.49

42.87
40.49
40.06
40.55
40.10
39.88
40.71
40.49
40.86
42.01
42.77
43.56

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
642.0
653.2

42.59
42.87
43.41
43.02

40.66
41.01
41.55
41.00

42.11
42.62
43.30
42.89

5P
12P
19P
26P

43.61
43.67
43.82
44.06

41.80
42.38
42.13
42.83

43.38
43.08
43.70
43.56

2P

44.77

43.34

44.22

Total

1 9 7 8 — DEC.
1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.P
OEC.P

|

WEEK E N D I N G :

|

1979-NOV.

i
I

DEC.

1980-JAN.

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary

7P
14P
21P
28P

1

!

i
|

j

152.7
153.6
154.1
153.5

1

Private Demand Deposits

Time and
Savings

Total

|

j

Total

Net
Interbank

Other

U.S. Govt.
Demand

429.6

191.9

10.4

181.5

2.5

433.8
434.2
434.9
432.3
429.8
427.2
429.8
434.1
439.4
445.7
449.2
452.0

191.5
178.2
177.5
186.8
179.2
183.9
187.8
184.5
187.5
190.5
191.2
199.2

10.6

11.3
13.0
12.8
14.1

180.9
170.3
168.4
177.1
170.1
175.0
177.4
174.8
176.3
177.5
178.4
185.1

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

192.4
189.7
192.3
190.2

13.7
10.9
13.8
12.6

178.7
178.8
178.6
177.6

2.0
1.4
1.9
1.5

7.9
9.1
9.7
9.2
8.9

10.4
9.8

641.9
639.7
643.8
642.0

447.5
448.6
449.5
450.3

154.5
155.7
156.1
157.4

647.6
648.4
652.1
654.4

451.6
452.2
451.9
452.2

194.3
194.8
197.0
200.7

13.8
12.7
13.0
15.1

180.6
182.1
184.0
185.6

1.7
1.4
3.1
1.5

156.8

663.9

451.9

210.2

16.7

193.5

1.9

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 D AND M. EFFECTIVE NOVEMBER 2, 1978, A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF $100,000 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $3.0 BILLION IN THE WEEK
BEGINNING NOVEMBER 16, 1978. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSED ON
••MANAGED LIABILITIES". ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. IN THE
WEEK BEGINNING OCTOBER 25, 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. 20551.




H.3 (502)

Page 3

Aggregate Reserves and Monetary Base
AdjusTod for Changes in Reserve Requirements 1/
Averages of Daily Figures, in Millions of Dollars
[

SEASONALLY ADJUSTED
MEMBER BANK RESERVES

Period

NOT SEASONALLY ADJUSTED

~

MEMBER BANK RESERVES

"]

Monetary Base
Total

^

Nonborrowed

41,572

1978—DEC.
1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.P
DEC.P

:

Required

142,685

41,979

41,111

41,747

144,879

41,552
40,819
40,942
40,734
40,607
40,476
40,917
41,154
41,581
42,216
42,417
42,806

143,700
143,616
144,176
144,748
145,129
145,877
147,240
148,725
150,445
151,770
152,377
153,489

43,368
40,978
40,502
40,988
40,505
40,381
41,221
41,021
41,364
42,446
42,547
43,640

42,366
40,005
39,512
40,071
38,740
38,963
40,050
39,936
40,023
40,423
40,635
42,167

43,154
40,769
40,344
40,812
40,364
40,160
41,010
40,800
41,172
42,182
42,303
43,242

144,717
142,140
142,621
144,453
144,704
145,894
148,231
148,689
149,760
151,470
153,023
155,875

41,773
42,480
42,661

|

43,204

41,100
40,910
40,749
40,697
41,127
41,375

Nonborrowed

41,339

1
1
E

1

.

Monetary Base
Total

40,703
40,764
40,055
40,109
39,993
38,984
39,279
39,957
40,290
40,432
40,457
40,750
41,732

41,767
41,028

j

Required

!
!
|

!
!
j

j

WEEK E N D I N G :

1979-NOV.

7P
14P
21P
28P

42,637
42,306
42,969
42,575

40,709
40,448
41,104
40,554

42,161
42,053
42,854
42,440

152,418
152,015
152,771
152,463

42,383
42,952
43,063
42,495

40,455
40,194
41,198
40,474

41,907
41,799
42,948
42,360

152,500
152,740
153,768
152,975

DEC.

59
12P
19P
26P

43,208
43,441
42,944
43,259

41,388
42,149
41,260
42,035

42,973
42,855
42,825
42,763

152,780
153,379
153,008
153,673.

43,225
43,271
43,489
43,836

41,406
41,980
41,805
42,612

42,990
42,685
43,370
43,340

154,140
155,317
155,742
157,205

41,725

42 , 6 0 6

154,533

44,508

43,077

43,958

156,507

••"••••• l

43,156

1/

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.