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....Qo;·~, FEDERAL RESERVE statistical release _ _ _ _ _ _ _ :J i~.,~~==-..:.:..:=-.:....:.:=-=.=.:.....:...:..-=---=:..;::=.::~:.:..=...;::;.;_.;......;;;...~:....:...;;;:._;::;..._ ~~~ ~ ~..:-.~ ~. ~ '?~~llt.ESE':"'• • ....... · H.3IIJGII Teble1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY lASE Acl)uateclfor chengM In rwqul_.., A - . . of Clellly I~ - ' I Y eclju.tecl unleM noled oltlelwlee Mllllona of Clollln l'llleiM o.te toW' IIOIIIIOI'IOIINCI of Cllpwltoty lnetltutlona rwqultecl nonbonowed plua extended credit' 1986-IOY•. D&c.. 511,489 56,166 5J,7l1 55.JifO 511,155 55.643 53,511 54.798 1987-JAL. PIL IAL 56,881J 56,873 56,529 56,600 56,589 57,231 57,601J 57,203 57,121J 57,360 57.294 58,003 57,756 55,816 57,95/f 58,352 57,706 57,602 57,876 57,825 58,496 57,987 56,JOIJ 56,317 56,325 56,961 57,317 56,930 56,929 57,229 56,885 57,553 57,362 59.575 57,655 58,898 57,094 57,846 57,688 57,066 57,163 56,873 56,395 56,8~ APL l&r ,JUU JUl.l AUQ... Sift'. oc~. IIOf. ··- .liCimiWinge of ~ IMIItutlona Monet., ...... NSA4 tot.. 978 1,369 236,875 2J9,51l 752 827 57,127 57,273 56,516 56,841 56,8/fiJ 57,032 57,368 57,Q61& '· 0.68 1,211 916 8<17 1,0,79 1,190 761 1,032 7U 1,128 923 2U,U1 243,970 241J,56J 21J6,586 248,372 248,481 249,457 250,798 251,85.2 254,352 256,079 59,288 57,1128 58,014 57,162 1,561 492 57,628 57,526 56,711 56,633 56,1f61 56,285 1,213 1,227 781 55,66~ ss. 936 -· hom the FecMral ....._, NSA extended CNdlt" 70 38 418 303 580 556 JIJ 71 521 91 225 283 26/f 993 1,035 776 672 647 940 9U 625 120 196 259 283 279 231 189 126 288 271 194 tl2 1109 IJ49 391J 256,743 255,702 671 561 169 125 390 334 256,298 256,406 256,847 683 815 671 1111 465 653 316 210 !'10 IBBitS IIDIIG ---- .. 1987-101•. DIC. 18 2 16 30 p 8J 102 P---PI&LIIIIA81 P.--PIILIIIIAII IS!'IIA!'B 1/ 81S&IIBS AID IOII!'Aal BASI PIGUBIS IIC08POIA!'I ADJUS!'BII!'S POl DISCOITIIUI!'IIS ASSOCIATID IITB !'BI IaPLIBII!'&TIOI or riB BOII!'A81 COI!'BOL &C!' AID 0!'811 BB&DL&!'OBI CB&IGIS TO BISI81B 81QUIBKIBITS. TO ADJUST FOB DISCOITIIOI!'IBS DUB TO CIAIGIS II BISIRIB RIQUIBIBIITS 01 RISBBI&BLI IOIDIPOSI!' LIABILITIIS, Til SUI OP SUCH RBQUIRID RBSIRfBS ARB SUB!'RAC!'ID PB08 TBI AC!'UAJ. SIRIBS. SIIIL&BLI, II ADJUSTIIG POR DISCOI!'IIUI!'IIS II TBI BOIBrABI BASI, BIQUIBBD CLIA&IIG BALAICBS AID ADJUSTBIITS ro COBPIISATI POB PLOAT ALSO AMI SUBTRACTED PROB Til ACTUAL SI&IIS. 2/ TOTAl. IISBBYIS 10!' ADJUSTID POB DISCOITIIUITIIS COISISTS OF RBSIBIB BALAICBS liTH FIDBBA£ BBSBBfl BAI&S (IBICB BXCLUDB BBQUIBID CLIARIIG BlLAICBS AID ADJUSIBIITS fO COBPBISATI PO& PLOA!') PLUS fAULT CASH USBD TO SATISPI BISBBfB BBQUIRBBBITS. SUCH fAULT CASH COISISTS OP ALL llULT CASH HBLD DUKLI~ tHK LAGGED COBPD~!~IOI PERIOD Dl IISTITU!'IOIS HAVIIG BEQUIRRO RISBRVI BAL&ICIS AT PIDBRAL BESERfl BAlKS PLUS THE ABOUIT OP VAULT CASH EQUAL TO RIQUIBID BBSIBfiS OUBIIG TBI IAIITIHANCB PBBIOD AT IISTITUTIOIS IAfiRG 10 RIQUIBED BESIBYI BALAICBS. 3/ IXTEIDKD CBIDIT COISISTS OP BOBROIIIG AT THB DlSCOUIT IIIDOI UIDIR TBI TIBBS AID COIDIT~OIS BSTABl.ISBID POB TBB IXTIIDBD CBIDIT PBOGBAB TO HILP DIPOSITORI IRSTITOTIOIS OBAL liTH SUSTAIIBD LIQUIDITI PBISSUBJS. BBCAUSI TBBBI IS 10!' THI SABB IBID !'0 RBPAI SUCH BOBBOIIIG PBOBPTLI AS TBIRI IS liTH TBADITIOIAL SHOBT-TIBB lDJUSTBIIT CBIDIT, THB BOIBI BlBKK!' IIPACT OP BXTBIDID CBIDIT IS SIBILAB TO THAT OP IOIBORROIBD BISBRfBS. 4/ BISIRYI B&L&ICIS liTH FEDERAL RESEBfl BliKS PLUS VAULT CASH USID TO SATISPI BISERYB RIQUIBBBIITS LISS BIQUIBID BISEBfBS. 5/ THI BOIITABI BASB lOT ADJUSTED fOR DISCOITIIUITIBS COISISTS Or TO!'AL BESIBfES PLUS BIQUIBBD CLBABIIG BALAICES AID ADJUSTBIITS TO COBPIISlTE FOB PLOAT AT PBDEBAL BBSKBIE BAlKS PLUS THB CUBBIICI COBPOIIIT or TIE lOIII STOCK LESS THE lBOUIT or flULT CASH BOLDIIGS OP TBBIPT IISTITUTIOIS THAT IS IICLUDED II TBB CUBBBICI COBPOIIIT or TBI ROIEI STOC& PLUS, roa IISTITUTIORS lOT BlfiiG BIQUIBID RBSIBfB BALAICBS, THE EICESS OP CUBBEIT fAULT ClSH OfiB Til &BOUlT APPLIBD TO SATISPI CUBREIT BISIRYE BIQUIIBIBITS. APTER THE IITRODUCTIOI Or CRB, CUBBBICI AID VAULT CASH FIGURES ARE BElSURBD OVER THB BOIDAI-BIDIIG COBPUTATIOI PEIIOD. PRIOR TO CBR, ALL COBPOIEITS OP THE BORITABI BASE OTHER Till EICBSS RESBRfBS ABI SEASORALLI ADJUSTED AS A IIOLI, BATHER THAI Bl COBPOIBIT, ARD BICISS BISEBYES IS ADDID ON A lOT SElSOIALLI ADJUSTED BASIS. lPTER CBB, THE SBASOIALLI ADJUSTID SBBIES COISISTS OP SIASOilLLI lDJOSTBD TOTAL iESBBVES (WHICH INCLUDES EXCESS BBSEBJES OR A MOT SBASOIALLI ADJUSTED BASIS) PLUS THE SBASOIALLI ADJUSTED CUBBBRCI COftPOIEMT OF THE BONE! STOCK PLUS THE REBllRIHG ITBBS SBASOMALLI ADJUSTE» AS A WHOLE. BOTE: HISTORICAL DATA ARE AVAILABLE FROB THE BAMKliG SECTION, DIVLSlOH Of R~SEARCH AND STAfLSTICS, BOARD OF GOVEHNORS OY THE PIDERAL RESERVE SISTEft, WASHIMGTOH, D.C. 20551 H.3 (S02) Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE 1 No.t"lldjusted for~ changes in re'!!r1e require~ent:cy . A-agas of daily figures, _not seasonal!~ adJuste ,. Millions of dollars Monetllty base~ Date total nonborrowed required 1986--IOY. JIBC. 56,399 59,560 55,647 58,733 55,421 58,191 241,267 247,707 34,803 37,360 23,543 24,071 21,595 22,199 1,947 1,872 1987-JU. FJ:B. 59,668 57,060 57,061 59,393 58,339 58,7811 58,838 58,361 59,81J 61,106 61,205 59,088 56,503 56,534 58,400 57,303 58,008 58,166 57,714 58,813 60,163 60,580 58,600 55,849 56,146 58,566 57,260 57,594 58,078 57,329 59,020 5'J,971 60,282 246,752 244,220 244,978 249,241 249,940 252,539 254,671 254,360 255,691 258,0.76 261,673 36,584 33,625 35,318 37,807 38,466 36,309 36,110 35,616 36,685 37,2119 37,453 25,049 25,889 23,759 23,353 23,693 24,380 24,631 24,649 24,860 25,596 25,432 23,084 23,435 21,743 21,587 21,873 22,475 22,728 22,7115 23,128 23,851 2J,752 1,965 2,454 2,016 1,767 1,820 1,905 1,903 1,904 1,732 1,739 1,680 18 61,817 61,147 61,1110 60,587 60,256 60,655 259,241 261,906 38,353 37,525 25,114 25,188 23,464 23,622 1,710 1,566 343 2 16 30 p 61,067 62,118 62,111 60,385 61,304 61,446 5'J,855 60,8'J2 61,336 262,21l 265,111 267,580. 37,069 31,290 37,049 25,802 25,372 26,960 23,99'J 23,829 25,068 1,803 1,544 1,892 142 291 II.U. &PL IIU JUD JULI lUG. SJ:PT. ocr. JOY•. 'fWO IBBKS BIDJ:IQ ----1987-IOY. DBC.. 4 P--PRBL.Ull&&t PI-PBBLIIIII&&I &sr.li&TB. 1/ &BFLBC!S lC!8lL IBSJ:RYB &BQUIRBftBI'fS, IJCLODIIQ 'fBOSB 01 IOIDBPOSI'f LilBZLI'fiBS, II'fl JO lDJUS'fiBI'fS .0 BLIBIIl'fB 'fBB BPPBC'fS OP DISCOI'fliUITIBS lSSOCllTID ll'fB IBPLBBII'fl'fiOI OP 'fBI BOII'flRJ COITROL lC'f OR O'f8&1 BBGULl'fOBI CBAJGBS TO RBSBBYB BBQUIBBBIITS. 21 COISIS!S OP 'fO'flL BBS&IJBS PLUS BBQDIRBD CLBlRIJG BlLlJCBS liD 18JUS'fiBI'fS TO COIPBISl'fB lOR PLOl'f l'f PIDBR&L &BSIRYB BliKS PLUS 'fiB CUIIBIC! COIIPOIBI'f OP 'fiB 110111 SfOC« LBSS 'fiB liOUI'f OP YliL'f ClSB BOLDIIGS OP 'fHRIP'f IIS'fi'fD'fiOIS 'fll'f IS IICLDDBD II 'fBB CDIRBICI COIPOIBI'f OP 'fBB lOlBI S'fOCl PLOS, lOB IIS'fi'fU'fiOIS IO'f BlYIIG RBQUIRBD RBSBBYB 81£liCIS, !BB BICBSS o• CDIRBI'f YlUL~ ClS8 OYBI 'fBB liOOIT lPPLIBD TO Sl'fiSII CDBRBI'f BESBBYB RBQUIBB8BITS. ll'fli 'fBI LITRODUCTIOI OP CBB, CUBRBICt liD flDLT ClSB PIGURBS liB 8BlS88BD OYBR fBB 801Dli-BIDIIG COBPOrATIOI PERIOD. l/ BXCLODBS IIQUI&BD CLBlBIIG BlLliCBS liD lDJUSTIBITS TO C08PBISl'fB POR PLOl%. 41 Dl'fBS RBPBB 'fO TBB lliiTBI&aCI PIRIODS II VHICB TBB YlULT ClSB Cll BB USBD 'fO Sl%ISPJ RBSBRJB RBQOIRB8BI'fS. UIDBI COITBIPOBliBOUS RBSBBYB RBQOIBIIBI'fS, BlXRTEiliC! PERIODS liD lO DlfS ll'fBI THI LlGGID C08PUTl'fiOI PBRIODS II VIICB 'fBB BlLliCIS ARB HBLD. 5/ BQOlL 'fO ALL flOL'f CASH BBLD DURIIG 'fBI LlGGBD COIPU'fl'fiOI PERIOD Bl IIS'fi'fU'fiOIS BlYIIG RBQOXBID RBSBBJB BlLliCBS AT PBDBBlL RBSIRYB BlJKS PLUS 'fHB liOOJT OF flULf CASH EQUlL TO REQUIRED RESERfBS DORIIG TBB ftliiTIIliCB PERIOD l'f LJSTXTDTIOIS RlYIIG 10 REQUIRED RESEBlB BlLliCBS. 6/ TOTAL flUL'f ClSH l'f IIS'ftTUTIOIS HAVIIG 10 REQUIBID BESERYB BALliCES LESS THE l80UI'f OF JlOL'f ClSH BQUlL TO THBIB RIQUIRBD RBSBRYES DORIIG THE ftliiTENliCB PIRIOD. 11 COISISTS OF Clii!OYBR OIL! lT llEPOSITQBI IRSTITUTIOIS IAXITliNIIG BBSERJBS 01 THB BASIS 01 TIO-IBBK IAIN'fBiliCI PBBIODS. RBPLECTS BXCBS$ (+) 08 DEFICIT (-) RESERVES ELIGIBLE TO BE ClBRIED FOBilBD INTO THE TWO-WEBK HESEP.VE ftliiTBiliCB PE6IOD ENDIIG ON THE DATE SHOift. 17 -s H.3 (502) Table 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted for changes in reserve requirementa 1 Averages of daily figures, not seasonally adjusted Millions of dollars Date total Reserves of depository institutions non borrowed Monetary base required 1986-IIOV. DBC. 54,591 57,636 53,840 56,809 53,614 56,261 231,491 243,634» 1987-JU. 58,731 Sb,088 56,068 58,.372 57,.299 51,625 57,743 57,390 57,496 58,037 58,093 58,151 55,532 55,541 57,.379 56,.264 56,.849 57,071 56,743 56,.556 57,094 57,1668 57,663 511,877 55,.152 57,5164 56,.221 56,.435 56,983 56,358 56., 703 56,909 51,110 243,422 240,811 .241,.925 2166,.066 246,.831 251,1624 251,420 251,.603 253,286 256,820 58,593 58,107 57,916 57,547. 57,.032 57,615 254,274 257,163 57,910 58,956 58,910 51,221 58,141 58,24Q 56,697 57,729 58.,129 251,210 260.,230 262,531 I'BB- au. &P&. II&I JDU JDLI &DG. SBH. ocr. lOt. 24~,286 TIIO VBBJ:S BIDIIG -----1987-IIOJ. 4 18 DBC. 2 16 30 R P---RBBJ.IUJIABY PB--RBBJ.ZIZIIA&Y ES7IIA7B. 1/ FIGU&BS BBPLBCT ADJUSTBEIITS FOB DISCOIITIIDITiiS ASSOCIATED VITB THE ZIPLKIIBITATIOII OF THE IOIBTABI COIITBOL ACT A•D OTHB& BBGOLATO&I ~BAIGBS TO BESEBJE BBQUI~BBBITS.
@FedFRASER