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H.S(M9)

"F^CimiMdlatt I W M N

Aggregate Reserves and Member Bank Deposits
<
Avsragaa of Daily Figures, in Billions off Dollars,
Saasonally Adjustad

|

Mtmtn

Total

1978—NOV.
DEC.

39.75
41.27

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

41.48
40.75
40.81
40.65
40.48
40.42
40.82
41.07
41.46
42.30
43.13

i
|
1

Basel/

Required

39.05
40.40

39.53
41.04

139.9
142.4

616.9
616.7

427.5
429.4

40.48
39.78
39.82
39.73
38.72
39.00
39.65
39.98
40.12
40.28
41.22

41.26
40.54
40.66
40.47
40.34
40.20
40.61
40.85
41.27
42.04
42.88

143.4
143.3
143.9
144.5
144.9
145.6
146.9
148.4
150.1
151.6
152.8

621.1
619.7
616.4
618.6
613.9
613.1
618.7
623.7
630.5
638.2
644.1

433.5
436.1
434.1
432.0
428.7
425.9
429.4
434.4
439.8
445.6
451.8

I

1

Time and
Savings .

Nonborrowed

.

7il980

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

SANK RESERVES j 7
Monetary

Period

JAN.

fy.
c
'/\

• Total

i

Private Demand Deposits
Net
Interbank

Total

j

1
I

1

U.S. Govt.
Demand

Other

175.9
175.2

2.3
2.3

11.3
13.2
12.7

175.6
173.8
171.1
174.8
173.7
175.9
177.2
177.3
177.7
177.7
177.7

1.9
1.8
1.8
1.8
1.7
2.4
1.8
2.2
1.8
1.8
2.0

187.0
185.1

li.i

185.6
181.9
180.5
184.7
183.5
184.Q
187.5
187.1
189.0
190.8
190.4

10.0

9.8

8.1
9.4
9.9
9.8
8.9

10.3
9.9

M

WEEK E N D I N G :

1979-OCT.

24
31

NOV.

7
14
21
28

DEC.

5 P
12 P
19 P

P
P
P
P

26 P 1




41.77
43.50

38.81
40.44

41.61
43.16

150.9
153.1

637.7
637.9

446.5
448.0

189.3
188.0

13.0
12.4

176.4
175.6

1.9
1.9

42.84
43.13.
43.30
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

643.8
642.3
645.3
645.3

450.1
451.7
452.0
452.7

191.6
188.8
1*1 v 2
190.9

13.*
Mf*
13.5
12.6

178.i
177.6.
177.7
178.3

2.2
1.8
Z.2
1.7

43.60
43.84
43.27
43.48

41.78
42.55
41.59
42.26

43.36
43.25
43.15
42.98

645.*..
644.6
643.1
646.6

453.2
452.6
451.9
451.5

190.1
189.9
189.3
193*?

12.9
12.2
11.5
14.7

177.2
177.7
177.8
179.0

2.3
2.2
1.9
1.4

1

i

1

153.2
153.8
153.3
153.9

1

1
j

SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES.

t

H.*(M2)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN MLUON8 OF DOLLARS
NOT SEASONALLY ADJUSTED
HB BANK RESERVES-l/

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
1

nmrttttt

"SnOG

Nonborrowed

Total

Basely

Required

39.42
41.45

1978—NOV.
DEC.

39.65
41.68

38.94
40.81

X979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV. P

43.08
40.70
40.22
40.72
40.24
40.10
40.92
40.72
41.05
42.27
43.01

42.08
39.73
39.23
39.81
38.47
38.69
39.75
39.63
39.71
40.25
41.10

41.70
43.61

38.74
40.56

41.55
43.28

|
|

40.66
41.01
41.54
41.00

42.11
42.62
43.29
42.89

1

41.80
42.38
42.13
42.83

43.38
43.08
43.70
43.56

I

42.87
40.49
40.06
40.55
40.10
39.88
40.71
40.49
40.86
42.01
42.77

Monetary

1

1
1

Private Demand Deposits

Time and
Savings

Total

Total

Net
Interbank |

Other

U.S. Govt.
Demand

188.0
191.9

11.4
10.4

176.6
181.5

2.0
2.5

191.5
178.2
177.5
186.8
179.2
183.9
187.8
184.5
187.5
190.5
191.4

10.6
7.9
9.1

11.3
13.0
13.0

180.9
170.3
168.4
177.1
170.1
175.0
177.4
174.8
176.3
177.5
178.4

1.9
1.8
1.9
2.0
1.8
2.8
1.6
1.7
2.1
1.6
1.7

446.2
447.0

187.6
186.2

12.8
12.0

174.8
174.2

1.5
1.5

447.4
448.5
449.5
450.3

193.4
189.7
192-3
190.2

14.7
10.9
13.8
12.6

178.6
178. 8
178.6
177.6

2.0
1.5
1.9
1.5

451.6
452.2
451.9
452.2

194.3
194.3
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
1.6

425.2
429.6

140.5
144.6

615.1
624.0

144.4
141.9
142.3
144.2
144.4
145.6
147.9
148.4
149.4
151.3
153.5

627.1
614.3
614.3
621.1
610.9
613.9
619.2
620.4
629.0
637.8
642.2

433.8
434.2
434.9
432.3
429.8
. 427.2
!
429.8
1
434.1
!
439.4
445.7
449.1

150.5
151.9

635.4
634.7

152.7
153.6
154.1
153.5

642.7
639.7
643.8
642.0

154.5
155.7
156.1
157.4

647.6
648.4
652.1
654.6

!
1
|

9.7
9.2
8.9

10.4
9.8

WEEK ENDING:

1979-OCT.

24
31

NOV.

7
14
21
28

P
P
P
P

42.59
42.87
43.41
43.02

5
12
19
26

P
P
P
P

43.61
43.67
43.82
44.06

DEC.

i

1

j1

I

|

!

> ." n H")

»

PRELIHI M A o y
ADJUSTMENT TO ELIMINATE THE EFFECT OF
MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO REQUIREMENT OF 2 PERCENTAGE POINTS WAS
CHANGES IN REGULATION 0 AND M. EFFECTIVE NOVBmER 2, 1978, A SUPPLEMENTARY RESERVE S APPROXIMATELY $3.0 BILLION IN THE WEEK
IMPOSED ON TIME OEPOSITS OF $100,000 OR MORE. THIS ACTION INCREASED REQUIRED RESERVE NAL RESERVE REQUIREMENT WAS IMPOSED ON
BEG1NNI NG NOVEMBER 16, 1978. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGI NCLUDED IN MEMBER BANK RESERVES. IN THE
"MANAGE 0 LIABILITIES". ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE I 8 MILLION, RESPECTIVELY.
WEEK BE GINNING OCTOBER 25, 1979, THESE ACTIONS RAISED REQUIRED RESERVES $320 AND $31 CASH HELD TWO WEEKS EARLIER); CURRENCY
2/ INCLUDE S TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT AND VAULT CASH OF NONMEMBER BANKS.
OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; TICS, BOARD OF GOVERNORS OF THE FEDERAL
NOTE:
BACK OATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATU
RESERVE
 SYS Tfl, WASHINGTON, D.C. 20551.

P
1/



—

H.3 (602)

P«0» 3

Aggregate Reserves and Monetary Base
Requirements.]/
Adjusted for Changes In Reserve Requirements.]/
Fl
Averages of Dally Figures,
In Millions of Dollars'

j
Period

8EA80NALLY ADJUSTED
MEMBER BANK RESERVES

1
Monetary Baae

Total

Required

40,758
41,111

41,239
41,747

43,368
40,978
40,502
40,988
40,505
40,381
41,221
41,021
41,364
42,446
42,546

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

43,154
40,769
40,344
40,812
40,364
40,160
41,010
40,800
41,172
42,182
42,302

151,222
152,789

42,006
43,294

39,046
40,238

41,855
42,957

150,779
151,583

42,161
42,053
42,840
42,442

152,388
152,016
152,757
152,463

42,383
42,052
43,059
42,496

40,455
40,194
41,194
40,475

41,907
41,799
42,944
42,361

152,467
152,740
153,765
152,976

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

152,780
153,379
153,007
153,662

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

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

42,990
42,685
43,370
43,34D

40,870
40,703

41,351
41,339

141,749
142,682

41,461
41,979

40,764
40,055
40,109
39,993
38,984
39,279
39,957
40,290
40,432
40,457
40,747

41,552
40,819
40,942
40,734
40,607
40,476
40,917
41,154
41,581
42,216
42,414

143,688
143,619
144,178
144,749
145,129
145,877
147,240
148,725
150,445
151,770
152,367

42,075
43,177

39,115
40,121

41,924
42,840

40,709
40,448
41,090
40,556

1978—NOV.
DEC.

41,573
41,572

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULV
AUG.
SEPT.
OCT.
NOV. P

41,767
41,028
41,100
40,910
40,749
40,697
41,127
41,375
41,773
42,480
42,658

I

iNonborrowed

MOT SEASONALLY ADJUSTED
MEMBER BANK RESERVES
Monetary Baae
Total
Nonborrowed 1 Required

i

1
!
j
I

|
1

j

!

142,327
144,879
1

144,717
142,140
142,621
144,453
144,704
145,895
148,231
148,689
149,760
151,470
153,015

WEEK ENDING:

1979-OCT.

24
31

NOV.

7
14
21
28

P
P
P
P

42,637
42,306
42,955
42,577

DEC.

5
12
19
26

P
P
P
P

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

1/

j
]

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

1

!

|

154,140
155,317
155,742
157,194

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.