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.••'bfcow.*-.
FEDERAL RESERVE statistical re
H.3 (502)
j)
For Immediate Release
Table 1
JANUARY
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
Average of daily figures
*WJI^
bank
Reserves of depository institutions1
total 2
Period
Monetary
base 3
required
nonborrowed
total
Member
time and
savings
millions of dollars
6,
1981
^&J*.
to reserve requirements
U.S
[WwatSrd^jpd deposits
government
other
total w
•liter banW
demand
billions of dollars
seasonally adjusted
1979 — NOV.
DEC.
43,057
43,567
41,151
42,095
42,812
43,126
152.8
153.8
641.9
644.4
450. 1
451. 1
190.0
191.5
14.7
15.4
175.3
176.1
1.9
1.8
1980—JAN.
FEB.
MAE.
APF.
HAY
JUNE
JULY
AUG.
SEPT.
P
OCT.
NOV.
P
43,441
43,350
43,669
44,846
44,446
43,959
42,781
40,749
41,517
41,727
41,227
42,200
41,695
40,846
42,391
43,427
43,580
42,386
40,090
40,206
40,417
39,168
43,191
43,139
43,483
44,649
44,268
43,756
42,497
40,447
41,262
41,521
40,730
154.7
155.6
156.6
157.9
158.5
1 c .8.9
158.8
158.2
159.5
160.9
160.6
643.7
647.2
649.1
655.4
656.8
658.0
658.5
667.8
678.2
684.7
694.5
451.9
454.4
457.9
464.2
467.7
467.9
467.0
474.2
482.0
486.7
494.2
189.5
190.9
189.4
183.7
187.3
188.4
139.1
191.5
194.5
195.6
198.2
13.6
14.5
15.6
17.2
17.1
16,9
16.6
14.4
15.9
16.5
17.4
176.0
176.4
173.9
171.5
170.2
171.5
172.5
177.1
178.6
179.1
180.7
2.3
1.9
1.8
2.4
1.8
1.7
2.5
2. 1
1.8
2.4
2.2
162.3
162.5
159.2
159.5
688.3
696.0
694,5
695.7
488.5
492.0
494.3
497.7
197.5
201.8
197.7
196.3
17.1
19.2
17.2
17.1
180.4
182.6
180.5
179.2
2,3
2.2
2.5
1.7
699.4
699.3
700.0
701.4
498.6
500.2
502.5
506.4
198.5
197.1
195.7
193.5
16. 1
18.2
17.0
17.3
182.4
178.9
178.7
176.2
WEEK ENDING
1980—NOV.
5
12
19
26
P
P
P
P
42,669
42,426
40,195
40,408
40,791
40,359
38,216
38,193
42,102
42,022
39,691
40,091
DEC.
3
10
17
24
P
P
P
P
40,569
39,530
40,400
40,325
38,427
37,744
38,895
38,676
| 39,638
i
159.9
158.7
159.9
160.1
I 39,268
I 39,898
39,516
!
j
!
2.3
2-0
1.8
1.6
not seasonally adjusted
1979—NOV.
DEC.
1980—JAN.
FEB.
MAP.
APE.
MAY
JUNE
- JULY
AUG.
SEPT.
OCT.
P
NOV.
P
•
42,997
44,020
41,092
42,547
42,753
43,578
153.5
156.3
642.2
652.6
45,179
43,177
43,096
44,880
43,963
43,472
42,859
40,373
41,164
41,704
41,221
43,938
41,522 |
40,273
42,425
42,945
43,092
42,464
39,715
39,852
40,394
39,161
44,928
42,966
42,910
44,683 I
43,785
43,268
42,575
40,071
40,908
41,498
40,723
155.9
154.0
154.9
157.5
157.8
158.6
159.6
158.0
158.9
160.6
161.4
652.1
643.9
648.0
657.7
651.5
656.9
658.2
662.5
675.6
684.2
694.8
42,599
42,090
40,521
40,312
40,721
40,023
38,542
38,097
42,032
41,686
40,017
39,995
40,791
39,455
41,056
40,338
38,649
37,669
39,551
39,189
39,910
39,193
40,554
40,029
!
I
176.2
182.6
1.7
2.0
14.5
14.3
15.2
16.8
16.2
16,6
16.8
14.2
15.8
16.5
18.0
180.9
172.0
170.4
173.6
165.9
170.6
173.2
174,8
178.1
179.8
181.6
2.1
1. 8
1.0
2. b
1.7
2. 3
2.2
1. 7
2. 1
2. 1
1- 9
200.9
202.1
200.0
195.2
18.3
18.8
17.9
16.9
182.6
183.3
182.1
178.3
2. 2
1.8
2.2
1.5
203.4
201.0
201.9
201. 0
19.0
18.2
17.6
17.9
184.4
182.8
184,4
183.1
2.1
1.6
2.5
2. 1
449.2
452.0
!
|
191.3
198.6
15.2
16.0
454.6
455.8
460.6
464.7
467.7
467.4
466. 0
471.8
479.6
485.8
49 3 . 2
|
195.4
186.2
185.5
190.4
182.1
187.2
190.0
139.0
193.9
196.4
199.7
i
WEEK ENDING:
1980—NOV.
DEC.
5
12
19
26
P
P
P
P
j
3
10
17
24
P
P
P
P
1
See reverse side for explanation of footnotes.
!
162.2
163.4
160.5
160.1
690.1
694.4
695.5
693.9
487.0
490.6
493.4
497.1
161.4
161.2
162.7
163.5
704.0
703.4
707.8
710.5
493.4
500.8
503.3
507.4
l
|
j
I
!
Table 2
AGGREGATE RESERVES AND MONETARY BASE
Adjusted for changes in reserve requirements 4
Averages of daily figures
Reserves of depository institutions
required
total 2 1 non borrowed
Period
millions of dollars
seasonal h/ adjusted
Monetary base 3
billions of dollars
Reserves of depository institutions
total 2
I nonborrowed
required
millions of dollars
not seasonally adjusted
Monetary base 3
billions of dollars
1979—NOV.
DEC.
36,935
37,506
35,029
36,033
36,691
37,064
145.8
146.8
36,892
37,918
34,986
36,446
36,647
37,477
146.5
149.3
1980—JAN.
FEB.
MAP.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
P
NOV.
P
37,475
37,400
37,477
37,516
37,485
37,461
37,570
38,050
38,725
38,894
40,057
36,234
35,745
34,653
35,061
36,467
37,081
37,176
37,392
37,414
37,583
37,997
37,224
37,189
37,291
37,319
37,307
37,257
37,286
37,749
38,470
38,687
39,559
147.8
148.7
149.5
149.7
150.7
151.5
152.6
154.6
155.8
157.1
159.1
39,060
37,203
36,919
37,533
37,062
37,007
37,665
37,706
38,401
38,876
40,056
37,819
35,548
34,096
35,077
36,043
36,628
37,270
37,048
37,090
37,565
37,997
38,809
36,992
36,733
37,336
36,884
36,804
37,381
37,405
38,146
38,669
39,558
148.9
147.1
147.8
149.2
149.9
151.2
153.5
154.4
155.3
156.9
159.9
37,908
37,465
38,189
38,167
39,219
39,128
39,664
40,065
158.5
158.7
159.2
159.5
39,725
39,217
40,495
40,286
37,847
37.150
38/516
38,071
39,158
38,813
39,991
39,969
158.4
159.6
160.5
160.1
38,406
37,723
38,874
38,654
39,667
39,247
3 9,8*77
39,494
159.9
158.7
159.9
160.1
40,770'
39,434
41,035
40,817
38,628
37,648
39,530
39,168
39,889
39,172
40,533
40,008
161.4
161.2
162.7
163.5
WEEK ENDING:
1980—NOV.
DEC.
5
12
19
26
P
P
P
P
39,786
39,532
40,168
40,382
3
10
17
24
P
P
P
P
40,548
39,509
40,379
40,303
.
PRELIMINARY
RESFRVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES IN REGULATIONS D AND K. PRIOR TO NOVEMBER 13, 1980, THE DATE OF IMPLEMENTATION OP THE MONETARY CONTROL ACT, ONLY THE RESERVES OF COMMERCIAL BANKS THAT WERE MEMBERS OF THE
FEDERAL RESERVE SYSTEM WERE INCLUDED IN THE SERIES. SINCE THAT DATE THE SERIES INCLUDE THE RESERVES OF ALL
DEPOSITORY INSTITUTIONS. IN CONJUNCTION WITH THE IMPLEMENTATION OF THE ACT, REQUIRED RESERVES OF MEMBER BANKS
WEPE REDUCED ABOUT $4.3 BILLION AND REQUIRED RESERVES OF OTHER DEPOSITORY INSTITUTIONS WERE INCREASED ABOUT
$1.4 BILLION. EFFECTIVE OCTOBER 11, 1979, AH 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSED ON
"MANAGED LIABILITIES". THIS ACTION RAISED REQUIRED RESERVES ABOUT $320 MILLION. EFFECTIVE MARCH 12, 1980,
THE 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS. TN ADDITION THE
BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT WAS CALCULATED WAS REDUCED. THIS ACTION INCREASED REQUIRED
RESERVES ABOUT $1.7 BILLION IN THE WEEK ENDING APRIL 2, 1980. EFFECTIVE MAY 29, 1980, THE MARGINAL RESERVE
REQUIREMENT WAS REDUCED FROM 10 TO 5 PERCENTAGE POINTS AND THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT WAS CALCULATED WAS RAISED. THIS ACTION REDUCED REQUIRED RESERVES ABOUT $980 MILLION IN THE WEEK ENDING
JUNE 18, 1980. EFFECTIVE JULY 24, 1980, THE 5 PERCENT MARGINAL RESERVE REQUIREMENT ON MANAGED LIABILITIES
AND THE 2 PERCENT SUPPLEMENTARY RESERVE REQUIREMENT AGAINST LARGE TIME DEPOSITS WERE REMOVED. THESE
ACTIONS REDUCED REQUIRED RESERVES ABOUT $3.2 BILLION.
RESERVE BALANCES WITH FEDERAL RESERVE BANKS PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES
PLUS" VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS.
INCLUDES RESERVE BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS 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.
RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION
OF THE MONETARY CONTROL ACT, MARGINAL RESERVE REQUIREMENTS, THE INCLUSIONS OF EDGE ACT CORPORATION RESERVES,
AND OTHER CHANGES IN REGULATIONS D AND K.
RESEPVE MEASURES FOR NOVEMBER REFLECT, INCREASES IN REQUIRED RESEPV.ES ASSOCIATED WITH THE REDUCTION OF WEEKEND
AVOIDANCE ACTIVITIES OF A FEW LARGE BANKS. THE REDUCTION IN THESE ACTIVITIES LEADS TO ESSENTIALLY A ONE-TIME
INCREASE IN THE AVERAGE LEVEL. OF REQUIRED RESERVES THAT NEED TO BK HELD FOR A GIVEN LEVEL OF DEPOSITS ENTERING THE HONEY SUPPLY. IN NOVEMBER, THIS INCREASE IN REQUIRED RESERVES IS ESTIMATED AT $550 TO $600 MILLION.
NOTE:
HISTORICAL DATA ARE AVAILABLE FPOM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS,
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C., 20551.
TABLE 3
MEMBER BANK DEPOSITS AND RESERVES
SEASONALLY ADJUSTED
I
MEMBER~BANK RESERVES
|
MILLIONS OF DOLLARS
DEPOSITS "SUBJECT TO" RESERVE REQUIREMENTS
BILLIONS OF DOLLARS
MONETARY
BASE
|
TOTAL
NONBORROWED
pRIVATE
TOTAL
REQUIRED
TIME AND
SAVINGS
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
" 2..7 |
9...
16...
23...
30...
6...
13...
20...
27...
5...
12...
19...
26...
2...
9...
16...
23...
30...
7...
14...
21...
28...
I
J
I
1
|
!
I
1
1
|
|
i
|
|
J
!
|
|
I
I
I
4352T
43472.
43585.
43205.
43539.
43033.
42569.
44162.
43502.
43664.
43267.
43857.
43497.
44248.
45139.
44749.
45293.
44626.
44409.
43902.
44803.
44385.
42090^
42742.
42358.
42002.
41720.
42275.
41330.
41970.
41442.
41158.
39829.
40857.
40838.
41986.
42755.
42473.
42738.
41962.
43080.
42881.
43964.
43262.
" 4 2 9 6 9 . ~
43344.
43202.
|
43079.
|
43296.
42521.
42621.
I
43620.
|
43709.
43133.
43189.
I
43677.
|
43516.
43850.
44981.
44542.
44870.
44410.
44108.
43860.
|
|
44550.
44380.
T54.4
154.8
154.8
154.6
155.2
155.1
154.5
156.5
156.0
156.4
155.9
156.9
156.4
157.3
158.0
158.4
158.2
158.3
158.3
157.6
158.7
159.1
i
64373
|
644.2
646.1
641.9
643.3
648.4
649.4
645.5
646.5
649.9
648.9
650.9
64 8 . 9
648.7
654.6
655.6
656.2
654.7
658.9
656.4
659.8
654.4
|
|
""""44879
450.7
452.7
452.5
452.7
453.1
454.0
454.4
455.4
456.8
457.2
457.6
458.8
458.9
|
461.5
464.4
465.7
|
466.8
467.5
468.2
467.8
467.4
" 9 2 7 6
190.9
191.2
186.8
188.4
193.2
193.7
189.1
189.2
191.2
189.8
190.9
188.8
188.6
190.8
188.4
188.2
185.3
189.4
|
186.4
190.1
185.4
|
DEPOSITS
NET
INTERBANK
TOTAL
1980" JAN
DBHAND
|
I
|
I
IsTo
13.5
14.6
14.3
14.1
15.0
15.9
12.8
14.3
17.8
15.4
16.2
15.4
14.3
16.3
17.2
17.7
17.5
17.2
16.5
18.9
16.7
U.S.
GOVT
DEMAND
OTHER
""T7776
I
|
I
|
|
I
|
|
|
177.4
176.6
172.5
174.3
178.3
177.8
176.2
174.9
173.4
174.4
174.7
173.4
174.2
174.5
171.2
170.5
167.8
172.2
169.9
171.3
168.7
T77
|
|
I
|
|
I
I
I
I
|
I
I
I
2.6
2.3
2.5
2.2
2.1
1.7
2.0
1.9
2.0
1.9
2.4
1.3
1.2
2.3
2.8
2.3
2.5
2.1
1-9
1.8
1-5
TABLE 4
MEMBER BANK DEPOSITS AND RESERVES
NOT SEASONALLY ADJUSTED
i
|
MEMBER BANK
" ""DEPOSITS""SUBJECT"'TO""RESERVE~REQOIREMENTS
RESERVES
BILLIONS
MILLIONS OF DOLLARS
MONETARY ,
BASE
i
NON|
BORROWED
TOTAL
OF DOLLARS
„ _ _ _ _ _ _ _ _ _ _ _ _ _
REQUIRED
TOTAL
426947
41844.
44456.
42967.
42267.
41238.
40580.
40521.
39637.
40190.
39849.
40345.
39858.
40042.
39292.
41130.
40716.
41661.
40514.
40350.
39596.
39588.
39305.
39249.
40472.
40030.
40802.
39513.
41205.
41214.
40856.
40115.
40428.
40643.
40738.
40489.
40095.
40721.
41519.
41769.
40723.
42583.
41552.
43274.
42090.
42622.
43257.
42861.
43388.
43140.
43693.
43603.
—
TIME AND
SAVINGS
NET
INTERBANK
TOTAL
1979
JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
MAY
JUN
JUN
JUN
JUN
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
3...
10...
17...
24...
31...
7...
14...
21...
28...
7...
14...
21...
23...
4...
11...
18...
25...
2...
9...
16...
23...
30...
6...
13...
20...
27...
4
11...
18...
25...
1...
8...
15...
22...
29...
5...
12...
19...
26...
3...
10...
17...
24...
31...
7...
14...
21...
28...
5...
12...
19...
26...
|
I
I
I
|
I
I
I
I
1
|
|
|
|
I
I
|
j
J
I
I
|
I
I
i
I
|
I
I
j
\
I
I
I
I
I
I
I
I
|
I
I
|
|
|
|
|
|
|
I
J
|
4~342l)7
41722.
44860.
42983.
42607.
41517.
40691.
40878.
39726.
40394.
39950.
40491.
39941,
40430.
39448.
41288.
40829.
41811.
40588.
40607.
39613.
39771.
39665.
39327.
40604.
40181.
41448.
39476.
41572.
41200.
41146.
40256.
40727.
40657.
41108.
40894.
40193.
40918.
41545.
42136.
41264.
42567.
41716.
43633.
42499.
42919.
43362.
43027.
43636.
43506.
44345.
43969.
—
~J223lZ
I
|
I
|
|
|
I
I
I
i
I
I
I
I
I
41036.
43964.
42060.
41179.
.40700.
39637.
39940.
38643.
39367.
39068.
39467.
38859.
39563.
38820.
40339.
39838.
40594.
39100.
38848.
37910.
37444.
38325.
38028.
39280.
38595.
39771.
38535.
40390.
39908.
40200.
39494.
39704.
39271.
39991.
39554.
38963.
39156.
40386.
41022.
40327.
41039.
38756.
40582.
40571.
41058.
41498.
41032.
41817.
42217.
42659.
42744.
|
I
I
I
I
I
I
I
I
I
|
|
|
|
|
I
I
I
I
I
I
I
I
|
|
_ _ _ _ _
I
I
I
I
I
I
I
I
I
I
I
144.3
146.5
143.7
142.6
142.8
142.0
142.2
140.4
142.6
142.2
142.6
141.6
143.2
143.5
145.3
143.8
144.7
145.1
145.0
143.7
144.1
145.1
145.1
146.0
145.2
148.0
147.2
148.8
147.9
147.6
148.4
148.8
148.4
148.0
149.7
149.0
149.2
149.1
150.3
151.2
151.9
150.5
151.9
152.6
153.6
154.1
153.5
154.5
155.5
156.6
157.4
6 77
|
|
|
|
|
|
|
|
|
I
|
|
I
I
|
|
I
|
I
|
I
I
|
|
632.7
628.7
622.2
617.3
616.7
611.8
615.5
613.3
616.9
614.4
614.7
610.2
623. 1
621.5
626.3
617.9
615.9
611.1
610.9
608.7
608.1
615.8
613.0
617.6
609.6
622.0
622.3
619.5
614.7
617.5
620.6
621.6
619.9
618.0
623.3
630.3
632.2
625.7
639.3
635.0
642.3
635.3
634.7
642.8
639.7
643.4
642.0
647.3
648.9
651.7
654.3
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
43274
432.8
433.7
434.8
434.6
433.5
434.2
434.4
434.9
435.0
435.4
434.3
434.8
435.2
434.6
431.6
430.4
430.0
430.1
430.0
430.0
429.7
427.3
426.8
426.4
427.3
429.7
429.1
428.9
429.8
431.5
433.1
433.6
434.1
435.5
436.7
438.0
439.4
440.8
443.2
445.1
445.7
446.2
446.9
447.4
448.6
449.2
450.4
451.6
452.4
452.0
452.1
•
1
|
|
|
I
|
I
I
I
206.8
197.9
193.3
185.4
180.9
181.1
176.0
179.0
176.8
180.1
177.5
177.4
173.9
186.0
185.4
191.7
185.7
183.9
179.3
179.4
176.5
176.5
186.7
184.9
184.5
180.7
190.8
191.2
188.9
183.6
184.7
185.2
186.2
184.2
181.2
185.3
190.2
189.7
183.2
194.4
188.6
195.0
187.6
186.2
193.4
189.7
192.3
190.2
194.1
194.8
197.0
200.7
I
|
""1
J
|
|
|
|
|
|
~~
OTHER
— —
14.6
12.0
11.9
10.4
11.2
7.4
10.2
10.8
11.0
10.7
11.0
10.7
15.7
11.5
11.4
10.5
11.2
10.2
10.8
10.1
10.7
11.4
10.5
11.9
10.4
16.2
12.5
12.0
11.6
12.3
11.9
11.7
11.7
11.7
10.8
13.4
13.6
12.8
18.6
12.4
17.0
14.7
14.1
16.8
13.1
15.8
15.2
15.5
14.7
15.2
16.8
U.S.
GOVT
DEMAND
|
|
|
|
|
|
|
|
j
I
18774
183.3
181.3
173.5
170.4
169.9
168.6
168.8
166.0
169.2
166.8
166.4
163.2
170.3
173.9
180.4
175.2
172.7
169.0
168.6
166.4
165.9
175.2
174.3
172.6
170.4
174.6
178.7
176.9
172.0
172.4
173.3
174.5
172.4
169.6
174.5
176.8
176.1
170.4
175.8
176.1
178.0
172.9
172.1
176.6
176.6
176.4
174.9
178.5
180.2
181.8
183.9
270*
I
I
I
I
I
I
I
I
|
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
2.0
1.7
2.0
1.8
2.2
1.6
2.0
1.5
1.8
1.6
2.9
1.4
1.8
1.4
2.9
1.7
2.0
1.7
1.5
2.2
1.8
1.8
1.4
6.7
1.6
1.4
2.0
1.7
1.4
1.4
2:3
1.9
1.6
1.3
1.3
2.1
3.1
1.7
1.8
1.3
1.6
1.5
1-5
2.0
1.4
1.9
1.5
1.7
1.7
2.7
1.5
TABLE 4
MEMBER BANK DEPOSITS AND RESERVES
NOT SEASONALLY ADJUSTED
I
MEMBER BANK RESERVES
|
MILLIONS OF DOLLARS
DEPOSITS'""SUBJECT TO" RESERVE REQUIREMENTS "
BILLIONS OF DOLLARS
MONETARY
BASE
|
NONBORROWED
TOTAL
PRIVATE~DEMAND~DEPOSITS
TIME AND
SAVINGS
TOTAL
REQUIRED
NET
INTERBANK
TOTAL
1980
JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
2...
9...
16...
23...
30...
6...
13...
20...
27...
5...
12...
19...
26...
2...
9...
16...
23...
30...
7...
14...
21...
28...
|
?47377~~ T " 4 33061
I
|
|
|
|
!
|
1
|
|
1
|
1
|
1
1
|
i
|
|
|
44671.
46414.
45271.
44692.
43736.
42319.
4399 2 .
42792.
4299 8.
42409.
43445.
42972.
43880.
44290.
44843.
45681.
45244.
44535.
43491.
44167.
43619.
|
i
|
|
|
43941.
45187.
44068.
42873.
42978.
41080.
41800.
40732.
40492.
38971.
40445.
40313.
41618.
41906.
42567.
43126.
42580.
43206.
42470.
43328.
42496.
" 4 1 8 5 .
44543.
46031.
45145.
44449.
43224.
|
42371.
43450.
42999.
42467.
42331.
43265.
42991.
43482.
44132.
44636.
45258.
45028.
44234.
43449.
43914.
43614.
|
|
|
|
|
|
|
15677
157.0
157.5
155.6
154.0
154.5
153.3
155.1
152.9
154.2
154.6
155.5
154.4
155.7
157.9
158.6
158.0
157.1
158.2
157.3
157.8
157.5
*
|
|
|
663.5
660.3
656.0
648.5
642.1
647.7
645.5
642. 1
641.5
648.5
647.5
650.5
645.0
651.6
659.6
661.2
657.6
651.3
654.4
651.6
653.0
647.0
|
|
~~45?77
~~20975
453.9
455.4
455.2
454.9
454.5
455.4
455.7
456.8
458.7
459.9
460.3
461.8
462.4
464.2
464.9
464.7
465.6
466.4
467.8
468.1
468.5
203.9
198.8
190.8
185.3
191.0
188.7
184.3
182.9
188.0
186.1
187.2
181.8
187.9
193.5
193.5
189.7
182.7
185.9
182.3
182.9
177.2
|
|
|
|
|
|
|
|
T9078
I
|
187.9
183.5
176.3
171.7
175.8
173.9
171.7
168.4
170.6
171.5
171.5
167.5
172.3
176.8
176.9
173.4
166.1
168.8
166.3
166.0
162.8
—
U.S.
GOVT
DEMAND
OTHER
IT.!
16.0
15.3
14.5
13.5
15*3
14.8
12.7
14.5
17.4 '
14.6
15.7
14.3
15.6
16.8
16.7
16.3
16.6
17.2
16.0
17.0
14.3
—
|
|
|
|
T75
2.5
1.8
2.5
1.9
2.2
1.4
2.0
1.9
1.8
1.6
2.9
1.4
1.3
1.9
2.8
3.1
3.0
2.1
1.5
2.0
1.4
TABLE 6
AGGREGATE RESERVES & MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS
i
1979
JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
NAY
MAY
MAY
MAY
MAY
JUN
JUN
JUN
JON
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
3...
10...
17...
24...
31...
7...
14...
21...
28...
7...
14...
21...
28...
4...
11...
18...
25...
2...
9...
16...
23...
30...
6...
13...
20...
27...
4...
11...
18...
25...
1...
3
15...
22...
29...
5...
12...
19...
26...
3...
10...
17...
24...
31...
7...
14...
21...
28...
5...
12...
19...
26...
I
5f0TAL
|
RESERVES ;
I
I
|
I
I
i
\
J
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I
|
|
I
|
|
[
1
|
|
|
I
I
|
|
|
|
|
j
|
I
f
|
I
|J
SEASONALLY ADJUSTED
V
422017""
40936.
41971.
41410.
41827.
41321. j
41165.
41366.
40571.
41365.
40938.
40997.
40656.
41044.
40598.
40926.
40873.
41277.
40980.
41064.
40669.
40735.
40876.
40362.
40877.
40738.
41308.
40513.
41228.
41052.
41237.
41103.
41356.
41252.
41677.
41683.
41355.
41734.
41735.
42138.
42351.
42098.
42072. I
42903. I
42559. I
42362. I
42622. I
42501. I
42861. I
43027. |
43377. |
43261. I
NON|
BORROWED |
RESERVES
if 1 0 1 8 .
40250.
41075.
40487.
40399.
40504.
40111.
40428.
3 948 8 .
40338.
40056.
39973.
39574.
40177.
39970.
39977.
39882.
40060.
39492.
39305.
38966.
38408.
39536.
39063.
39553.
39152.
39631.
39572.
40046.
39760.
4029140341.
40333.
39866.
4056 0.
40343.
40125.
39972.
40576.
41024.
41414.
40570.
39112.
39852.
40631.
4 0 5 0 1.
40758.
40506.
41042.
41738.
41691.
42036.
|
|
|
1
I
I
I
I
I
I
I
I
I
REQUIRED
RESERVES !
4T475"
41058.
41567.
41394.
41487.
41042.
41054.
41009.
40482.
41161.
40837*
40851.
40573.
40656.
40442.
40768.
40760.
41127.
40906.
40807.
40652.
40552.
40516.
40284.
40745.
40587.
40662.
40550.
40861.
41066.
40947.
40962.
41057.
41238.
41307.
41278.
41257.
41537.
41709.
41771.
41810.
42114.
41908.
42544.
42150.
42065.
42517.
42335.
42613.
42661.
42725.
42895.
MONETARY
BASE
| \ ~ " ~ T O T AL
T
NON|
| I RESERVES | BORROWED I
RESERVES
14377™ |
\
|
I
I
I
|
I
I
1
I
!
\
I
142.6
143.8
143.4
143.9
143.6
143.5
143.9
142.4
144.2
143.9
144.1
144.1
144.6
144.1
144.8
144.9
145.4
145.0
145.4
145.2
145.7
145.9
145.5
146.3
146.4
147.2
146.6
147.4
147.6
148.1
148,2
148.7
148-9
149.6
149*8
149.7
150.4
150.6
151.1
151.5
151.4
151.4
152.3
152.2
152.0
152.4
152.4
152.5
152.9
153,6
153.8
~ ~ NOT SEASONALLY
|"
JJ
i J
|i
I «
J I
I f
j I
S I
| \
i I
| *
|j
I I
| ]
\ |
I i
J I
i I
| |
J I
| j
i 5
| |
J |
{ |
\J
I I
|j
||
I |
| |
|I
J |
|I
|I
| !
|J
|1
J \
I j
|I
|\
8 |
||
J |
1|
iJ
Ji
jI
I\
|5
437077~!
41937. 1
45105. S
43210. J
42866. J
41742. J
40926„ S
41157.
39920.
40636. i
40197.
40725.
40198. |
40665.
39644.
41506* |
41041.
42024.
40801.
40833.
39847.
39991.
39893.
39 53 8 .
40852.
40413.
41747.
39691.
41831. |
41472.
41401.
40507.
40975.
40903.
41368.
41203.
40434.
41168.
41810. I
42391.
41541.
42862.
41982. |
43289.
42286.
42060.
43014.
42344.
43165. i
42987. i
43921. j
43674. \
425247*"
41251. I
44209. |
42287. J
4143 8. \
40925.
39872.
4 0219.
38837.
39609.
39315. J
39701.
39116.
39798.
39016.
40557.
40050.
40807.
39313.
39074.
38144.
I
37664.
38553. I
38239.
39528.
38827.
40070.
38750.
|
40649.
40180.
40455.
39745.
39952.
39517.
40251. |
39863.
39204*
39406.
40651.
41277.
40604.
41334.
I
39022.
40238. {
40358. |
40199. S
41150.
!
40349. I
41346. |
41698. |
42235. |
42449.
ADJUSTED
REQUIRED I
RESERVES |
*4 298*T7~
42059. |
4 4701.
43194.
4 2526,
4 1463.
4 0815.*"
40800.*
3 9831.
40432.
40096.
40579.
40115.
40277.
3 9 4 8 8..
41348.
4 0928.
41874.
40727. |
4 057 6 .
39830.
39808.
39533.
39460.
40720.
40262. |
4 116 1 . !
39728.
4 1464.
41486.
41111.
4 036 6 .
40676.
4 088 9 .
4 099 8 .
40798.
40336. |
4 0971.
41784.
42024.
4 1000.
42878. |
41818. I
4 2930. |
4 187 7 . I
4 1763. I
42909. I
42178.
42917„ [
4 2621, I
4 3269, |
43308.
I
MONETARY
BASE
14674
144.5
146.7
144.0
142.9
143.0
142.3
142.5
140.6
142.9
142.4
142.8
141.9
143.4
143.7
145«5
144.0
144-9
145.3
145.2
143.9
144.3
145.4
145.3
146.3
145.4
148.3
147.4
149-1
148.1
147.9
148.6
149.1
148.7
148.3
150.0
149.3
149.4
149.4
150.6
151.5
152.2
150.8
151.6
152.4
152.7
153.7
1 52 . 8
154.1
155.0
156.2
157.1
TABLE 6
AGGREGATE RESERVES 5 MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS
|
|
|
1980
JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
2...
9...
16...
23...
30...
6...
13...
20...
27...
5...
12...
19...
26...
2...
9...
16...
23...
30...
7...
14...
21...
28...
I
|
I
|
I
f
I
J
|
I
|
I
|
|
|
I
|
|
I
|
|
|
"
SEASONALLY ADJUSTED
TOTAL "~~
I
NONRESERVES
BORROWED
RESERVES
43260.
43246.
43238.
42848.
43147.
42872.
42416.
43813.
43174.
43293.
42925.
43462.
42978.
43739. |
43037.
43137. I
43849. |
43492.
43536. j
42917.
43736.
43037. |
41829.
42516. |
42011. J
41645.
41328.
42114.
41177.
41621.
41114.
40787.
39487.
40462.
40319. |
41477. |
40653.
40861.
41294.
40828.
42207.
41896. |
42897.
41914.
REQUIRED |
RESERVES ,
42708?'
43118.
42855.
42722.
42904.
42360.
42468.
43271.
43381.
42762.
42847.
43282.
42997.
43341. |
42879.
42930. |
43426.
43276.
43235.
42875. |
43483.
43032.
|J ~
MONETARY 1 |
BASE
||
T5471
154.5
154.4
154.2
154.8
154.9
154.4
156.1
155.7
156.0
155.6
156.5
155.9
156.8
155.9
156.8
156.8
157.2
157.4
156.6
157.6
157.7
|
|
||
J |
||
|I
J |
|I
||
|I
|I
| |
J |
|I
|1
||
|t
J |
|1
||
||
|]
||
NOT SEASONALLY
TOTAL ""
RESERVES
444767""
44445.
46067.
44914.
44301.
43 5 7 5 .
42166.
43644.
42464.
42627.
42067.
43050. |
42453. |
43371.
42188.
43231.
44237.
44110.
43662.
42506. |
43100.
42271. |
NONBORROWED
RESERVES
430457"
43715.
44840.
43711.
42482.
42817.
40927.
41452.
40404.
40121.
38629.
40050.
39794.
41109.
39804.
40955.
41682.
41446.
42333.
41485.
42261.
41148.
I
f
|
|
I
I
|
I
I
|
|
|
AEJUSTED
REQUIRED |
RESERVES
4 39247" I
44317.
45684.
44788. |
44058.
4 3063.
4 2218.
43102.
42671.
4 209 6 .
4 1989.
4 2870. I
4 2472.
4 2973.
42030.
43024.
43814.
43894.
43361.
42464.
|
42847.
4 2266.
MONETARY
BASE
15?75
156.8
157.2
155.2
153.6
154.3
153.2
154.7
152.6
153.9
154.3
155.1153.9
155.2
155.8
157.0
156.6
156.0
157.4
156.3
156.7
156.2
@FedFRASER