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FEDERAL RESERVE

statistical release
/

•

-

'"'U/t >.
For Immediate Release

H.3(502)

TA

Aggregate Reserves and Member Bank ri&ppsitsK.
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
SEASONALLY ADJUSTED
|
Total

Nonborrowed

JULY

6,

197<5

• ~ /• J £}>.-,

!

^3\o

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES ±1
[

Period

l

Monetary

Private Demand Deposits

Basel-/

Required

Time and
Savings

Total

1978—MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

37.27
37.63
38.11
37.93
38.21
38.38
39.75
41.27

36.06
36.53
36.80
36.79
37.15
37.10
39.05
40.40

37.05
37.45
37.92
37.77
38.02
38.22
3 9 . 53
41.04

132.6
133.5
134.7
135.3
136.8
137.8
139.9
142.4

1979—JAN.
C
EB.
MAR.
ADR.
MAY

41.48
40.75
40.81
40.65
40.50

40.48
39.78
39.82
39.73
38.74

41.26
40.54
40.66
40.47
40.36

143.4
143.3
143.9
144.5
144.9

621.1
619.7
616.4
618.6
613.9

25

40.46

39.47

40.35

144.3

2
9
16
23
30

41.17
40.56
40.64
40.29
40.32

39.96
39.07
38.88
38.59
38.00

41.02
40.49
40.38
40.28
40.14

145.3
144.6
144.9
144.8
145.3

6
13
20 P
27 P

40.49
40.04
40.74
40.30

39.15
38.74
39.41
38.72

40.13
39.96
40.61
40.08

145.5
144.9
145.8
145.8

!
!
1

591.5
595.8
600.5
602.7
607.0
608.9
616.9
616.7

!

405.1
407.4
410.8
413.0
416.8
413.3
4?7.5
429.4

Total

Net
Interbank

183.6
184.6
186.1
186.5
186.2
137.2
187.0
185.1

11.5
11.2
11.4
11.2

433.5
436.1
434.1
432.0
428.7

185.6
181.9
180.5
184.7
133.5

10.0

618.0

431.6

617.1
615.2
613.4
612.6
611.1
614.7
611.4
614.7
612.3

Other

U.S. Govt.
Demand

172.1
173.4
174.7
175.2
176.9
177.0
175.9
175.2

2.7
3.8
3.6
3.3
4.0
3.5
2.3
2.3

8.1
9.4
9.9
9.8

175.6
173.8
171.1
174.8
173.7

1.9
1.8
1.8
1.8
1.7

185.1

9.3

175.8

1.3

431.2
430.3
429.2
428.3
427.3

184.4
183.4
182.7
182.3
181.9

9.8
9.0
9.5
8.9
9.3

174.7
174.4
173.1
173.4
172.6

1.4
1.5
1.5
2.0
1.9

425.1
425.0
425.9
426.4

187.3
184.8
185.1
184.6

9.4
8.7
9.6
8.7

177.9
176.1
175.5
175.9

2.3
1.6
3.7
1.3

|

9.3

10.2
11.1
9.8

WEEK E N D I N G :
1979—APR.
MAY

JUNE

•mmmmmmmmmmmmmmmmmmmmmmmmmdi




1

|

1

i

SEE REVERSE SIDE *=0R EXPLANATION OF FOOTNOTES.

H.*(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES ±1
Monetary

Period
Total

Nonborrowed

Required

Basel/

j

Total

Time and
Savings

Private Demand Deposits
Total

Net
Interbank

1978—MAY
JUNE
JULY
AUG,
SEPT.
OCT.
NOV.
DEC.
1979—JAN.
FEB.
MAR.
APR.
MAY

WEEK

U.S. Govt.
Demand

Other

538.3
596.8
600.6
599.2
605.9
608.4
615.1
624.0

406.1
408.6
411.1
412.8
416.6
418.5
425.2
429.6

179.3
183.7
186.4
183.9
184.7
186.9
188.0
191.9

10.8
11.1
11.5
11.1
9.3
10.1
11.4
10.4

168.5
172.6
174.9
172.8
175.4
176.8
176.6
181.5

2.9
4.5
3.2
2.5
4.6
3.0
2.0
2.5

144.4
141.9
142.3
144.2
144.5

627.1
614.3
614.3
621.1
610.9

433.8
434.2
434.9
432.3
429.8

191.5
178.2
177.5
186.8
179.2

10.6
7.9
9.1
9.7
9.2

180.9
170.3
168.4
177.1
170.1

1.9
1.8
1.9
2.0
1.8

1.7

37.08
37.30
38.25
37.57
37.81
38.38
39.65
41.68

35.87
36.21
36.93
36.43
36.75
37.10
38.94
40.81

36.86
37.13
38.05
37.40
37.61
38.22
39.42
41.45

132.2
133.5
135.7
135.2
136.2
137.5
140.5
144.6

43.08

42.87
40.49
40.06
40.55
40.12

|

1

40.70

j

40.22
40.72
40.26

42.08
39.73
39.23
39.81
38.49

25

40.83

39.84

40.72

143.8

617.9

430.4

185.7

8.5

177.2

ITAY

\
9
16
23
30

41.81
40.59
40.61
39.66
39.81

40.59
39.10
38.85
37.95
37.49

41.66
40.51
40.35
39.64
39.63

144.7
145.1
145.0
143.7
144.1

615.9
611.1
610.9
60 8 . 7
608.1

430.0^
430.1
430.0
430.0
429.7

183.9
179.3
179.4
176.5
176.5

9.2
8.5
8.9
8.0
8.9

174.7
'170.7
170.5
168.5
167.6

JUNE

6
13
20 P
27 P

39.71
39.37
40.62
40.27

38.37
38.07
39.30
38.68

39.35
39.29
40.50
40.04

145.2
145.1
146.1
145.3

615.8
613.0
617.6
609.5

427.3
426.8
426.4
427.1

186.7
184.9
184.6
180.7

9.4
8.6
9.8
8.2

177.2
176.3
174.8
172.5

ENDING:

1979—APR.

•'"

>2.b
1.7
1.5
2.2
1.8
1.8
1.4
6.7
1.7

P - PRELIMINARY
1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION D AND M. EFFECTIVE NOVEMBER 2, 1978, A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF 1.100,000 OR M0»E. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $3.0 BILLION IN THE WEEK
BEGINNING NOVEMBER 16, 1978.
2/
INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY
OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS.
NOTE: BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM, WASHINGTON, D.C. 20551.



H.3 (502)

Page 3

Aggregate Reserves and Monetary Base
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS^
AVERAGES OF DAILY FIGURES, IN MILLIONS OF DOLLARS
SEASONALLY ADJUSTED

1

NOT SEASONALLY ADJUSTED

MEMBER BANK RE? ERVES

Period

MEMBER BANK RESERVES
Monetary Base

Total

1978—MAY
JUNE
JULY
AUG.
SEPT.

Nonborrowed

Required

NOV.
DEC.

40,208
40,597
41,099
40,928
41,223
41,399
41,274
41,271

38,996
39,503
39,782
39,788
40,163
40,122
40,570
40,403

39,989
40,420
40,902
40,760
41,031
41,237
41,051
41,039

1979—JAN.
FEB.
MAR.
APR.
MAY

41,479
40,754
40,815
40,647
40,503

40,476
39,781
39,825
39,730
38,738

41,264
40,545
40,657
40,471
40,361

25

40,461

39,470

40,348

2
9
16
23
30

41,175
40,560
40,640
40,295
40,323

39*958
39,072
3 8 , 9 81
38,592
37,996

41,025
40,486
40,383
40,278
40,140

6
13
20 P
27 P

40,494
40,038
40,739
40,305

39,154
38,739
39,415
38,718

40,134
39,960
40,615
40,081

i
j

""

Total

1

|

135,525
136,494
137,699
138,290
139,841
140,777
141,450
142,381

Nonborrowed

Monetary Base

Required

40,013
40,280
41,223
40,555
40,816
41,397
41,162
41,679

38,801
39,186
39,906
39,416
39,756
40,120
40,459
40,811

39,794
40,103
41,026
40,388
40,623
41,235
40,940
41,447

143,400
143,345
143,893
144,486
144,878

43,080
40,704
40,218
40,725
4 0 , 2 59

42,079
39,731
39,227
39,808
38,494

42,866
40,495
40,060
40,549
40,118

144,429
141,866
142,337
144,190
144,453

144,324

40,830

39,839

40,717

143,777

1

41,812
40,589
40,608
39,658
39,815

40,595
39,101
38,949
37,955
37,488

41,662
40,515
40,351
39,641
39,632

144,725
145,121
144,992
143,717
144,110

!

39,710
39,371
40,624
40,268

38,370
38,072
39,300
38,681

39,350
39,293
40,500
40,044

145,179
145,113
146,061
145,320

j
1
|

1

135,165
136,481
138,641
138,204
139,184
140,535
142,028
144,579

WEEK ENDING:
1979—APR.
MAY

JUNE

1/

145,324
j
!

1
|

144,553
144,938
144,768
145,316

145,536
144,874
145,802
145,847

i

ADUSTED FOR BREAKS I N SERIES DUE TO CHANGES IN REGULATIONS 0 AND M.
HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT
PROCEDURE ARE AVAILABLE FROM THE BANKING S E C T I O N , D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVFRNORS 0*= THE »=PDERAL
RESERVF SYSTEM, WASHINGTON, D . C . 2 0 5 5 1 .