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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.