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FEDERAL RESERVE statistical release H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Averages of daily figures c icquucinciiiasi• JOLT Reserves of depository institutions" required tota|2 i nonborrowed | millions of dollarsseasonal 1/ adjusted Period 1 9 8 2 — BAY JOBB 4ML1 A 0G. SEPT. OCT, •Of. DBC- 38,173" 1983-^1. FBB. BAB. APH. BAT n 3^7 , 7T5 0 i . Monetary base3 1billions of dollars 5 4, 1983 Reserves of depository institutions Monetary base^ required total? j nonborrowed millions of dollars __ billions of dollars not seasonally adjusted 37,167 168.2 38,315 38,690 38,723 39,454 39,787 40,149 38,414 38,647 38,693 38,893 39,273 39,528 40,006 40,283 169.3 169.9 170.9 172.1 173.2 174.3 175.6 38,284 38,164 38,530 38,609 39,356 39,997 40,679 41,560 36,960 37,838 38,093 38,423 39,519 40,058 40,926 37,925 37,856 38,216 38,296 38,973 39,592 40,277 41,059 167.3 168,5 170.4 170.7 171.7 173.2 175.4 178.9 40J19 40,341 41,003 41,302 41,238 39,589 39,758 40,210 40,293 40,286 39,571 39,905 40,570 40,826 40,789 176.3 178.0 180.2 181.2 182.8 42,216 40,227 40,230 41,048 40,706 41,686 39,644 39,438 40,039 39,754 41,668 39,791 39,797 40,572 40,257 177.7 175.9 177.7 180.3 181.7 4 11 18 25 41,599 40,801 41,109 4 1 , 304 40,674 40,094 40,036 40,353 40,997 40,393 40,731 40,854 182.5 181.9 182.7 183.0 42,016 40,389 40,544 40,495 41,091 39,682 39,471 39,544 41,414 39,981 40,166 40,045 181.7 181.9 181.7 181.0 1 8 15 P 22 F 29 P 41,580 41,452 41,288 42,269 42,061 40,462 40,545 39,476 40,554 39,959 41,104 40,828 40,939 41,751 41,469 183.9 183.9 183.8 184.8 184.9 40,638 40,003 40,313 41,588 41,648 39,520 39,096 38,501 39,873 39,546 40,162 39,379 39,964 41,070 41,056 182.3 183.3 183.3 184.0 183.4 38,955 39,007 39,205 39,656 39,932 40,408 40,783 IBBI El DUG: 1983—BAY. JOBB 1/ 2/ 3/ 1 I BBSBBVE AGGHBGATBS IICL0DE BEQOIBED BBSBBVES OF BBBBBB BAIKS AID EDGE ACT COBPOBATIOIS AID OTHER DEPOSITOBT IISTITOTIOIS. DISCOITIIOITIBS ASSOCIATED WITH THE IBPLBHEITATIOI OF THE HOIBTAB? COBTBOL ACT, THE IICL0SIOI OF EDGE ACT COBPOBATIOI BBSBBVES, AID OTBBB CHAIGBS II BBGOLATIOI D HAVE BESI BEHOVED. BBSBBtB BALABCBS BITH FBDBBAL BBSEBVB BAIKS (IHICH EXCLODS BEQOIBED CLEABIIG BALAICES) PLOS VAOLT CASB AT IISTITOTIOIS HITfl BEQOIBED BESEBVB BALAICBS FLOS VAOLT CASH EQ0AL TO BBQOIBBD BBSBBVES AT OTBEH IISTITOTIOIS. ISCL0DES BBSBBVE BALAICBS AID BEQOIBED CLEABIIG BALAICBS AT FBDBBAL BBSEBVB BAIKS II THE C0BKBIT IEBK PLOS VAOLT CASB MMS^ TBO 9MEES BABLIEH OSED TO SATISFY BBSBBVE BBQOIBBBBITS AT ALL DEPOSITOBT IISTITOTIOIS PLOS COBBBBCV OOTSIDB TBB O.S. TBEASOBY, FBDBBAL BBSBBVB BAIKS, THE VAOLTS OF DEPOSITOBT IISTITOTIOIS, AID SOBFLOS VAOLT CASB AT DBFOSITOBI IISTITOTIOIS. •OTBS HISTOBICAL DATA ABB AVAILABLE FBOB THE BAIKIIG SBCTIOI, DIVISIOI OF BBSEABCH AID STATISTICS, BOABD OF GOVBBBOBS OF THB FBDBBAL BESEBVB SYSTBfl, WASHIHGTOI, D.C 20551. H.3 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS Not adjusted for changes in reserve requirements Average of daily figures, not seasonally adjusted Reserves of depository institutions1 Period total2 nonborrowed required Monetary base3 millions of dollars 1982—BAY JURE JOLT AOG. SEPT. OCT, MOT. DEC. 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 38,433 38,360 39,275 39,662 39,028 40,10$ 40,578 41,219 39,191 39,257 39,653 39,866 39,578 40,182 40,797 41,353 169.1 170.5 172.4 172.8 172.4 173.8 176.0 179.3 1983—JAM. FEBBAR. APR. HAI. 41,864 39,798 38,035 38,650 38,282 41,334 39,215 37,243 37,640 37,330 41,316 39,362 37,602 38,174 37,833 177.9 176.0 175.9 178.4 179.8 4 11 18 25 39,537 37,980 38,133 38,070 38,612 37,273 37,060 37,119 38,935 37,572 37,755 37,620 179.8 180.0 179.8 179.1 1 8 15 P 22 P 29 P 38,219 37,644 37,940 39,112 39,158 37,101 36,737 36,128 37,397 37,056 37,743 37,020 37,591 38,594 38,566 180.4 181.4 181.5 182.1 181.5 REEK EHDIMG: 1983—BAY. JURE 1/ 2/ 3/ RESERYES OF DEPOSITORY IRSTITOTIOHS SERIES REFLECT ACTUAL RESERVE BEQBIBBBBHT PERCEMTAGES RITH MO ADJ0STBEMTS TO ELIBIMATE THE EFFECT OF CBAMGES IH RBGOLATIOB D, IRCL0DIMG CBAMGES ASSOCIATED RITB TBE IHPLEBERTATIOM OF TBE BOM BT ART COMTROl ACT. IMCLODBS REQUIRBD RESERVES OF BEBBBB BARKS ABD EDGE ACT CORPORATORS AMD, BEGIMMIMG MOVERBER 13, 1980, OTBER DEPOSITORY INSTITUTIONS. UHDER TBE TRAMSITIOMAL PHASE-II! PROGRAM OF TBE BOMETARI COMTROL ACT OF 1980 ARD PROVISIORS OF TBE DEPOSITORY INSTITUTIONS ACT OF 1982, TBE NET CBAMGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEER AS FOLLOWS: EFFECTIVE MOVERBEB 13, 1980, A REDUCTION OF $2.9 BILLIOH; FEBROARY 12, 1981, AM IRCREASE OF $245 BILLION; BARCR 12, 1981, AN INCREASE OF $75 BILLION; BAY 14, 1981, AN INCREASE OF $245 BILLION; SEPTBBBER 3, 1981, A REDUCTION OF $1.1 BILLION; MOVBBBEB 12, 1981, AN INCREASE OF $210 BILLION; JANOARY 14, 1982, A REDUCTION OF $60 BILLION; FEBROARY 11, 1982 AN IMCRBASB OF $170 BIILION; BABCB 4, 1982, AH ESTIBATED REDUCTION OF $2.0 BILLIOH; RAY 13, 1982, AH ESTIBATED INCREASE OF $150 BILLIOH; AOGOST 12, 1982, AH ESTIBATED IHCBEASE OF $140 BILLIOH; SBPTBHBEB 2, 1982, AH ESTIHATED REDUCTION OF $1.2 BILLIOH; OCTOBER 2B0 1982, AH ESTIHATED REDOCTIOH $100 BILLIOH; DECEMBER 23* 1982, AH ESTIBATED REDUCTION OF $800 BILLIOH; AHD BARCH 3, 1983, AN ESTIBATED REDUCTION OF $1.9 BILLION. BEGINNING RITB TBE WEEK ENDED DECEBBBR 23, 1981, RESERVE AGGREGATES HAVE BEEH REDUCED BY SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL BARKING FACILITIES (IBFS). ON TBE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COBHERCIAL BANKS AND AHD AGENCIES AHD BRANCHES OF FOREIGN BARKS, IT IS ESTIBATED TBAT REQUIRED RESERVES HERB LORERED ON AVERAGE BY $60 TO $90 BILLION IN DECEflBER 1981 AHD $180 TO $230 BILLIOH IH JANUARY 1982, BOSTLY REFLECTING A REDUCTION IH RESERVABLE EUROCURRENCY TRANSACTIONS. ALSO, BEGINNING RITB TBE 1EEK EHDIHG APRIL 20, 1983, REQUIRED RESERVES RERS REDUCED AN ESTIBATED $80 BILLION AS A BESULT OT TBE ELIBIMATIOH OF RESERVE REQUIREMENTS ON NONPERSOHAL TIHE DEPOSITS RITB MATURITIES OF 2-1/2 IBARS OR BORE TO LBSS TBAH 3-1/2 YEARS. RESERVB BALANCES RITH FEDERAL RESERVE BANKS (BHICfl EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASB AT INSTITUTIONS RITH REQUIRED RESERVE BALANCBS PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER IHSTITUTIOHS. IHCLUDES RBSBRVE BALAHCES AHD REQUIRED CLEARING BALANCBS AT FEDERAL RESERVE BANKS IH THE CURRENT REEK PLUS VAULT CASH HELD TRO REEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRBMCY OUTSIDE THE U.S. TREASURY, FEDERAL RBSBRVE BAHKS, THE VAULTS OF DEPOSITORY IHSTITUTIOHS, AHD SURPLUS VAULT CASB AT DEPOSITORY IHSTITUTIOHS.
@FedFRASER