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RESERVE statistical release H.3(S02) ,?,*< For ImnMdtata ! ! • « • • • • JAN 18 l98 Aggregate Reserves and Member Bank Deposits - - ° Averages of Daily Figures, in Billions of Dollars Seasonally Adjusted | F~ MEMBER BANK RESERVES j V DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Monetary Period Total Nonborrowed Required Basely Private Demand Deposits Time and Savings Total I Total Net Interbank Other U.S. Govt. Demand 1978--JEC. 41.27 40.40 41.04 142.4 616.7 429.4 185.1 9.8 175.2 2.3 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV.P DEC.P 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 42.88 43.12 143.4 143.3 143.9 144.5 144.9 145.6 146.9 148.4 150.1 151.6 152.8 153.8 621.1 619.7 616.4 618.6 613.9 613.1 618.7 623.7 630.5 638.2 644.2 645.8 433.5 436.1 434.1 432.0 428.7 425.9 429.4 434.4 439.8 445.6 451.8 452.0 185.6 181.9 180.5 184.7 183.5 184.8 187.5 187.1 189.0 190.8 190.4 192.0 10.0 8.1 9.4 9.9 9.8 8.9 10.3 9.9 11.3 13.2 12.7 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 42.84 43.13 43.31 43.10 40.91 41.27 41.44 41.08 42.36 42.87 43.19 42.97 152.6 152.8 153.1 153.0 644.0 642.4 645.3 645.3 450.1 451.8 452.0 452.7 191.6 188.8 191.2 190.9 13.4 11.2 13.5 12.6 178.2 177.6 177.7 178.3 2.2 1.8 2.2 1.7 41.78 42.55 41.59 42.26 43.36 43.25 43.15 42.98 153.2 153.8 153.3 153.9 645.6 644.6 643.1 646.5 453.2 452.6 451.9 451.5 190.1 189.9 189.3 193.7 12,9 12.2 11.5 14.7 177.2 177.7 177.8 178.9 2.3 2.2 1.9 1.3 41.98 42.89 42.87 43.38 154.8 154.9 645.4 644.5 194.2 189.7 13.4 11.8 180.8 177.9 1.7 2.6 WEEK 1 ! 1 | ! ENDING: 1979-NOV. 7P 14P 21P 1 28P DEC. 1980-JAN. 5? 1 12P 19P 26P ! 2P 9P j 43.60 43.84 43.27 43.48 43.42 43.62 - 1 i 449.6 452.2 j 1 SEE REVERSE SIDE FOR EX PLANATION OF FOOTNOTES. M.»(502) Pag* 2 Aggregate Reserves and Member Bank Deposits AVERAGES OF DAILY FHMJRES, IN BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED IER BANK RESERVES jJ DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Monetary rWKtQ Total | Nonborrowed Required Basel/ Private Demand Deposits Time and Savings Total Net Interbank Other 429.6 191.9 10.4 181.5 2.5 433.8 434.2 434.9 432.3 429.8 427.2 429.8 434.1 439.4 445.7 449.2 452.0 191.5 178.2 177.5 186.8 179.2 183.9 187.8 184.5 187.5 190.5 191.4 199.2 10.6 11.3 13.0 13.0 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 1.9 193.4 189.7 192.3 190.2 14.7 10.9 13.8 12.6 178.7 178.8 178.6 177.6 2.0 1.4 1.9 1.5 180.6 182.1 184.0 185.6 1.7 1.4 3.1 1.5 41.68 40.81 41.45 144.6 624.0 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV.P DEC.P 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 1 38.47 42.87 40.49 40.06 40.55 40.10 39.88 40.71 40.49 40.86 42.01 42.77 43.56 144.4 141.9 142.3 144.2 144.4 145.6 147.9 148.4 149.4 151.3 153.5 156.2 627.1 614.3 614.3 621.1 610.9 613.9 619.2 620.4 629.0 637.8 642.3 653.1 7P 14P 21P 28P 42.59 42.87 43.41 43.02 40.66 41.01 41.55 41.00 42.11 42.62 43.30 42.89 152.7 153.6 154-.1 153.5 642.9 639.7 643.8 642.0 447.5 448.6 449.5 450.3 *5J£ 12P i9P 26P 43.61 43.67 43.82 44.06 41.80 42.38 42.13 42.83 43.38 43.08 43.70 43.56 154.5 155.7 156.1 157.4 647.6 648.4 652.1 654.4 451.6 452.2 451.9 452.2 194.3 194.8 197.0 200.7 13.8 12.7 13.0 15.1 ZP 9? 44.77 44.81 43.34 44.08 44.22 44.57 663.6 659.6 451.6 453.6 210.1 203.6 16.7 13.8 39.75 39.63 1 39.71 40.25 41.10 42.49 [ U.S. Govt. Demand Total 1978—DEC. | | 1 7.9 9.1 9.7 9.2 8.9 10.4 9.8 j WEEK ENDING: 1979-NOV. 'DEC. 1980-JAN. , 156.7 157.2 1 j j 193.5 189.8 ! 1.9 2.5 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 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS IMPOSED ON TIME DEPOSITS OF $ 1 0 0 , 0 0 0 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 B I L L I O N IN THE WEEK BEGINNING NOVEMBER 1 6 , 1 9 7 8 . EFFECTIVE OCTOBER 1 1 , 1 9 7 9 , AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT nAS IMPOSED ON ••MANAGED L I A B I L I T I E S " . ON OCTOBER 2 5 , 1 9 7 9 , RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. I N THE WEEK BEGINNING OCTOBER 2 5 , 1 9 7 9 , THESE ACTIONS RAISED REQUIRED RESERVES $320 AND $ 3 1 8 M I L L I O N , RESPECTIVELY. 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS E A R L I E R ) ; CURRENCY OUTSIDE THE U . S . TREASURY, FEOERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS. NOTE: BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, D I V I S I O N OF RESEARCH AND S T A T I S T I C S , 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 Changes in Reserve Requirements j / Averages of Daily Figures, in Millions of Dollars SEASONALLY ADJUSTED | MEMBER BANK RESERVES Period NOT SEASONALLY ADJUSTED " ^ MEMBER BANK RESERVES Monetary Base Total Nonborrowed Required Total 1978—DEC. 41,572 40,703 41,339 142,685 41,979 1979--JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV.P DEC.P 41,767 41,028 41,100 40,910 40,749 40,697 41,127 41,375 41,773 42,480 42,659 43,204 40,764 40,055 40,109 39,993 38,984 39,279 | 39,957 1 40,290 j 40,432 1 40,457 40,747 41,732 41,552 40,819 40,942 40,734 40,607 40,476 40,917 41,154 41,581 42,216 42,415 42,806 143,700 143,616 144,176 144,748 145,129 145,877 147,240 148,725 150,445 151,770 152,375 153,482 43,368 40,978 40,502 40,988 40,505 40,381 41,221 41,021 41,364 42,446 42,547 43,640 40,709 40,448 41,094 40,554 42,161 42,053 42,844 42,440 152,418 152,015 152,761 152,463 42,973 42,855 42,825 42,763 1 j| 1 Non borrowed i 4i,m Monetary Base Required 41,747 144,879 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 43,242 144,717 142,140 142,621 144,453 144,704 145,894 148,231 148,689 149,760 151,470 153,023 155,868 42,383 42,052 43,063 42,495 40,455 40,194 41,198 40,474 41,907 41,799 42,948 42,360 152,780 153,379 153,008 153,673 43,225 43,271 43,489 43,836 41,406 41,980 41,805 42,612 42,990 42,685 43,370 43,340 154,140 155,317 155,742 157,205 154,491 154,696. 44,508 44,591 43,077 43,859 43,958 44,352 156,465 156,969 1 i i j 1 MEEK ENDING: 1979-NOV. DEC. 1980-JAN. 7P 14P 21P 28P 42,637 42,306 42,959 42,575 5? 12P 19P 26P 43,208 43,441 42,944 43,259 41,388 42,149 41,260 42,035 Z? 9P 43,156 43,404 41,725 42,671 """mT7mmlfPSrtf7^ni5Sl^t jAlfcS 5ERIE5 I 42,606 43,165 1 ! 1 ji j UVE BEEN AUJiJSTEB f(J REMflV c j | 152,500 152,740 153,768 152,975 UlSCONTlNUITII iS ASSOCIATED x/ITH 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.