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FEDERAL .RESERVE statistical release
H.3(502)

For Immediate Rei-

Table 1
JA~UARY

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE
Adjusted for changes in reserve requiremenu 1
A~ of dailv fiaures
Reserves o 'deoosotory onS1otutions
required
Period
total2
non borrowed
millions of dollars
seasonally adjuS1ed

39,187

1980--DEC.

3 7,1497

38,719

Monetary base3

Reserves o ' dePOSitory onS1otutoons
requoreo
non borrowed
millions of dollars
not seesona ly adJUsted

total~

!bill ions of dollars
158.2

39,657

18, 1982
Monetary base3

l

billions of dollars

37,966

39,189

161.0
159.6
157.14
157.8
159.9
160.8
161.2
163.3
163.2
163.3
163.8
165.6
169.0

3q,182
38,9148
39,070
39,265
39,5142
39,351
39,609
39,883
140,615
40,266
140, :t64
1401803

37,787
37,645
38,070
37,928
37,3114
37,3114
37,930
38,463
39,158
39,086
39,601
140,166

38,872
38,672
38,821
39,138
39,367
39,102
39,359
39,681
140,290
140,077
40,005
140,4914

158.7
159.0
159.5
160.5
161.7
161.6
1~;>2. 7
163.14
164.0
163.9
164.7
166. 1

40,601
38,819
38,590
39,231
39,228
38,9614
39,5146
39,389
39,997
40,130
140,2411
141,247

39,207
37,516
37,590
37,894
37,000
36,927
37,867
37,970
38,5141
38,94 9
39,583
140,611

40,291
38,51414
38,3142
39,1014
39,053
38,715
39,296
39,167
39,673
39,9141
39,987
lt0,939

2
9
16
23 p
30 p

140,667
40,090
141,0146
140,972
lt1,089

140,350
3 9, 4 72
140,6148
140,3 51
40,206

40,358
JS, 986
140,926
140,597
140,617

HiS. 2
164.7
166.0
166.4
167.3

140,852
40,039
141,509
"1 ,1480
141,920

40,535
39,421
41,111
40,659
141,037

lt0,5143
39,835
141,389
41,105
41,14'18

166.6
167.14
168.8
169.9
170.14

6 p

41,167

39,713

40,1423

167.5

42,319

140,865

41,575

170.3

1981--Jlli.
.fEB.
lllB.
APR.
lilY

JUliE
JULY
AUG.
SEPT.
OC'I.
IIOV.
DEC.
IIEEK ENDING:

-----------1981--DEC.

1982--Jlll.

P
1/

- .i?liHIIIINlRY
!i£SEBVE AGGREGA'IES

2/
3/

14/

INCLUDE REQUIRED RESERVES OF IIEIIBE~ BANKS AND ~DGE ACT CORPORATIONS AND OTHER DEPOSITORY
INS1I'IUTIOHS. DISCONTINUiliES ASSOCIA'IED WITH THE IIIPLE~EHTATION OP 'IHE IIOHETARY CONTROL AC'I, THE INCLUSiON
OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULA'IION D HAVE BEEH REIIOVED. BEGINNING WI~H THE
WEEK EIIUED DECEIIBER 23, 1981, RESERVES AGGREGATES HAVE bEEN REDUCED Br SHIF'IS OP RESERVAELE LIABILITIES TO
IIITEBNATIONAL BANKIN~ FACILITIES (IBFS). AN ESTIIIA'IE OP 'IHE SIZE OF THIS IIIPACT IIILL BE PUBLISHED IIHEN
AVAILABLE ON THE HASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS Br U.S. COIIIIERCIAL BANK~ AND U.S. AGENCIES
AND BRANCHES OF FOREIGN BANKS.
RESERVE BALANCES WI'IH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITU'IIONS IIITH REQUIRED RESERVE BALANCES PLUS VAULT CASH !QUA~ TO REQUIRED RESERVES A'I OTHER INS'II'IUTIONS.
INCLUDES RESERVE bALANCES AJiD BEQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURiENT WEEK PLUS
VAUL1 CASH HELD TWO WEEKS EARLIER USED 'IO SATISFY RESERVE REQUIREIIENTS A~ ALL DEPOSITORY INSXITUTIONS PLUS
CURREJiCY OUTSIDE THE U.S. 'IREASURr, FEDERAL RESERVE BANKS, THE VAUL'IS Of DEPOSITOBY IJiSTIIU'IIONS, AND
SURPLUS VAUL1 CASH AI DEPOSIIORr INSTliUliOHS.
RESERVE IIBASURES PROII NOVEIIBER 1980 TO DATE REFLEC'I A ONE-TIIlE IJiCREASE -- ES'IIIIATED AT S~SO TO $600
lllLLION -- IN REQUIRED RESERVES ASSOCIAlED IIITH THE BEDUCTION OF IIEEK-END AYOIDAHCE ACTIVIliES OF A FEll
LUG£ fAIIKS.

BOTE: HIS10RICAL DATA ARE AVAILABLE FROII !HE BARKING SECTION, DIVIS!OJi OP RESEARCH AND
GOVEBNORS OF THE F£DERAL RESERVE SYSTE!, IIASHINGTOH, D.C. 20551.




STATI~TICS,

BOARD OF

H.3

Table 2

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS
Not adjusted for changes in reserve requirements
A11erage o f d a1'I y f 1gures, not seasonally adjusted
Reserves of depository institutionsl
total2

Period

nonborrowed

required

I

Monetary
bne3

millions of dollan

1980--DEC.

'10,61'1

38,924

'10, 1'16

162."

1981--Jlll.
FEB.
liAR.
APR.
lilY
JOBE
JOLY
AUG.
SEPT.
OCT.
BOY.
DEC.

'11,535
39,75'1
J9,693
'10,291
'10,'133
'10,353
"o, 917
'10,933
'10,501
'10,622
'10,863
'11,909

'10, U1
38,'150
38,69'1
38,953
38,205
38,316
39,238
39,51'1
39. 0'15
39,'1'12
'10,200
'11,273

'11,226
39,'178
39,'1'15
'10, 16'1
'10,258
'10,10'1
'10,667
'10. 731
'10, 177
'10,'133
'10,60'1
'11,601

161.0
158.8
159.5
161.6
162.6
163.3
165.'1
165.'1
163.9
16'1.3
166.3
169.8

23 p
30 p

'11,5'12
'10,767
'12,237
'12,096
'12,503

'11,225
'10,1'19
'11,839
'11,'175
'11,620

"1, 233
'10,563
'12,117
'11,721
'12,031

167.'1
168.2
169.7
170.7
171.1

6 p

'12,889

'11,'135

'12,1'15

171.0

IIEEK EJIDIIIG:
------~----

1981--DEC.

1982--Jlll.

1/

2/
3/

I

2
9
16

RESERVES OF DEPOSITORY IHSTITUTIOIIS SERIES iEFLECl ACTUAL RtSERVE REQUIREIIEIIT PERCENTAGES IIITH NO ADJUSTIIEII1S TO ELIIIIIIATE THE EFFECT OF CHAIIGES Ih REGULATION D, lHCLUDIIIG CHAIIGES ASSOCIATED IIIiH THE :ftPLEIIEIIiA'l:lCII OF iHE IIOIIE'URY CONTROL ACT. IIICLUDES REQUIR!.D RESERVES CF ll.eiiBEB BliiKS liiD EDGE ACT CORPORAHOHS
AIID, BEGINNING HOVEIIBER 13, 1980, OTHER DEPOSilORl IIISTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN FBCGRAII
OF THE IIOIIETARY CONTROL ACT OF 1980, THE ME~ CHAIIGES Ill BEQUlRED ~ESERVES OF DErOSITORI IIISiiTUTlGIIS HAVE
BEEN AS FOLLOWS: EFFECXIVE NOYEIIBEB 13, 1980, A EEDUCTIOII OF $2.8 BILLION; FEbfUARI 12, 1981, All INCREASE
OF S2'15 IIILLIOII; !lARCH 12, 1981, All INCREASE OF S75 IIILLION; IIAI 1'1, 1981, All INCREASE OF S2'15 IIILLIOII;
AUGUS~ 13, 1981, AN INCREASE OF S2'15 II!LL!ON; SEPTEKBER 3, 1981, A REDUCTION OF S1.3 BILLION; AIID NOVEIIBER
19, 1981, AN INCREASE OF S220 lllLLION. BEGllllllNG III!H THE WEEK ENDED DELEftBER 23, 1981, R!.SERVES AGGREGATES
HAVE BEEN REDUCED BY SHIFTS OF RESERVABLE L!ABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS), AN ESTIIIATE
OF THE SIZE OF THIS IIIPAC1 IIILL BE PUBLISHED IIHEN AVAILABLE ON THE bASIS OF iEPOETS OF LIABILITIES TRANSFERRED
TO IBFS BY U.S. COIIIIERClAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS.
RESERVE BALANCES IIIiH FEDERAL RESERVE BANKS (IIHICH EICLUDE REQUIRED CLEARlN~ bALANCES) PLUS VAULT CASH AT
liiSTiiUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EUUAL TO RiQUIRED RESERVES AT OTHER INSTITUTIONS,
INCLUDES RES~VE BALANCES AND REQUIRED CLEARING BALANCES Al FEDERAL RESERVE BANKS lN ThE CURRENT ~EEK PLUS
VAULT CASH HELD 7110 IIEEKS EARLIER USED TO SA1ISFI EESERVE REQUIREIIEhTS Ai ALL ~EPOSITORY IIISTlTUTIOIIS PLUS
CURRENCY OUTSIDE THE U.S. TREAS.ORI, FEDERAL RES£BYE BAIIKS, THE VAULTS OF DEPOSI:'CRY INSTilUTIONS, AIID
SURPLUS VAULT CASH AT DEPOSITOR! INSTITUTIONS.