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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.