The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL R £ 8 £ f # g statistical release
:
^ ^,-i»— m
H.3(502)
f4%
For Immediate Release
, ^ ' U ^ -
Table 1
* *
,
s\
JUNE 1 , 1982
AGGREGATE RESERVES OF DEPbSIT'ORY INSTITUTIONS AND MONETARY BASE
Adjusted for changes in reserve requirements1
Averages of daily figures
Reserves of depository institutions
required
Period
totals
I non borrowed
millions of dollars
___^
seasonal! f adjusted
v
. Monetary base3
billions of dollars
Reserves of depository institutions
totals
1 non borrowed
required
millions of dollars
not seasonally adjusted
Monetary base3
billions of dollars
1981—APR.
MAT
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.
39,627
39,619
39,727
39,810
40,312
40,118
40,150
40,527
38,073
37,399
37,582
38,048
38,390
38,855
38,937
39,487
39,891
39,241
39,370
39,281
39,387
39,518
39,898
39,840
39,805
40,208
160.8
161.4
161.7
162.5
162.9
163.7
163.8
164.3
165.8
39,273
39,310
39,053
39,636
39,479
40,087
40,219
40,332
41,263
37,935
37,083
37,016
37,957
38,060
38,630
39,038
39,669
40,626
39,104
39,053
38,715
39,296
39,187
39,673
39,941
39,987
40,943
159.9
160.8
161.2
163.3
163.2
163.3
163.8
165.6
168.9
1982—JAN.
FEB.
MAEAPR.
HAY
41,277
40,927
41,089
41,182
41,268
39,759
39,137
39,533
39,614
40,189
40,859
40,623
40,728
40,908
40,957
167.4
167.9
168.5
169.8
170.8
42,696
40,735
40,533
41,086
40,922
41,178
38,946
38,977
39,518
39,843
42,278
40,432
40,172
40,813
40,611
168.5
166.1
166.5
168.9
170.2
40,763
40,709
41,622
41,490
39,283
39,374
39,969
39,667
40,491
40,391
41,451
41,205
169.1
168.8
170.1
170.5
39,925
40,184
41,985
41,957
38,445
38,849
40,332
40,134
39,653
39,866
41,814
41,672
168.0
168.9
169.6
168.8
41,685
40,968
41,413
41,088
40,186
39,848
40,450
40,034
41,241
40,688
40,953
41,055
170.6
170.1
171.2
171.3
42,118
40,689
41,075
40,338
40,619
39,569
40,112
39,284
41,674
40,409
40,615
40,305
170.4
170.4
170.5
169.4
39,410
P
P
SEEK ENDING:
1982—APR.
HAT
7
14
21
28
5
12
19
26
P
P
P
P
P ~ PRELIMINARY
1/ RESBRVE AGGREGATES INCLUDE REQUIRED RESERYES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY
INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION
OF EDGE ACT CORPORATION RESERYES, AND OTHER CHANGES IN REGULATION D HAYE BEEN REflOYBD. BEGINNING WITH THE
VEEK ENDED DECEMBER 23, 1981, RESERVES AGGREGATES HAYE BEEN REDUCED BY SHIFTS OF RESERYABLE LIABILITIES TO
INTERNATIONAL BANKING FACILITIES (IBFS) • ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S.
COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIHATED THAT REQUIRED RESERYES WERE
LOWERED ON AVERAGE BY $10 TO $20 MILLION IN DECEHBER 1981 AND $40 TO $70 BILLION IN JANUARY 1982.
2/ RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EICLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH BQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS.
3/ INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS
VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY BESEBVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS
CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND
SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
NOTE: HISTORICAL 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
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
total2
Period
nonborrowed
required
Monetary
base3
millions of dollars
1981—APB.
BAT
JUNE
JOLT
AUG.
SEPT.
OCT.
NOV.
OEC.
40,333
40,516
40,442
41,007
41,023
40,591
40,711
40,948
41,924
38,995
38,288
38,405
39,328
39,604
39,134
39,531
40,285
41,287
40,164
40,258
40,104
40,667
40,731
40,177
40,433
40,604
41,604
161.6
162.6
163.3
165.4
165.4
163.9
164.3
166.3
169.7
1982—JAN.
FEB.
BAR.
APR.
HAT
43,203
41,286
39,234
39,558
39,508
41,685
39,496
37,678
37,990
38,429
42,784
40,982
38,873
39,284
39,197
169. 1
166.8
165.4
167.6
169.0
38,435
38,697
40,418
40,396
36,955
37,362
38,765
38,573
38,163
38,379
40,247
40,111
166.7
167.6
168.3
167.5
40,559
39,187
39,749
38,975
39,060
38,067
38,786
37,921
40,115
38,907
39,289
38,942
169.1
169.1
169.4
168.3
P
P
HEEK ENDING:
1982—APR.
HAT
1/
7
14
21
28
5
12
19
26
P
P
P
P
RESERVES OP DEPOSITOBT INSTITUTIONS SSBIES REFLECT ACTUAL BESBBVE BSQUIBEHENT PERCENTAGES BITH NO ADJUSTMENTS TO ELIHINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED VITH THE IHPLEHBHTATION OF THE HONETART CONTROL ACT. INCLUDES REQUIRED RESERVES OF BEMBER BANKS AND EDGE ACT CORPORATIONS
AND, BEGINNING NOVEHBER 13, I960, OTHEB DEPOSITOBT INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGBAfl
OF THE HONETART CONTROL ACT OF 1980, THE NET CHANGES IN REQUIRED BESEBVES OF DEPOSITOBT INSTITUTIONS HAVE
BEEN AS FOLLOWS: EFFECTIVE NOVBHBBB 13, 1980, A BEDUCTION OF $2.8 BILLION; FEBBUART 12, 1981, AN INCREASE
OF $245 HILLIOH; HARCH 12, 1981, AN INCREASE OF $75 BILLION; HAT 14, 1981, AN INCREASE OF $245 BILLION;
AUGUST 13, 1981, AN INCREASE OF $245 BILLION; SEPTEHBER 3, 1981, A REDUCTION OF $1.3 BILLION; NOVEHBER
13, 1981, AN INCREASE OF $220 BILLION; JANUABT 14, 1982, A BEDUCTION OF $60 BILLION; FBBBUABT 11, 1982 AN
INCREASE OF $180 BILLION; HARCH 4, 1982, AN ESTIHATED REDUCTION OF $2.0 BILLION AND HAT 13, 1982,
AN ESTIHATED BEDUCTION OF $160 BILLION. BEGINNING WITH THE 1BBK ENDED DBCEHBEB 23, 1981, BESBBVB
AGGREGATES HAVE BEEN BBDUCBD BT SHIFTS OF RESBRVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS).
ON THB BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BI U.S. COHHBBCIAL BANKS AND U.S. AGENCIES AND
BRANCHES OF FOREIGN BANKS, IT IS ESTIHATED THAT REQUIRED BESEBVES BBBE LONERED ON AVERAGE BT $60 TO $90
BILLION IN DECEMBER 1981 AND $180 TO $230 IN JANUART 1982, HOSTLT REFLECTING A REDUCTION IN RBSERVABLE
EUROCURRENCT TRANSACTIONS.
2/ RESERVE BALANCES WITH FEDERAL RESERVE BANKS {WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLOS VAULT CASH AT
INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO BEQUIBEO BESEBVES AT OTHEB INSTITUTIONS
3/ INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS
VAULT CASH HELD TWO REEKS EARLIER USED TO SATISFT RESERVE REQUIREMENTS AT ALL DEPOSITOR! INSTITUTIONS PLUS
CURRENCT OUTSIDE THE U.S. TRBASURT, FEDERAL BESBBVE BANKS, THB VAULTS OF DEPOSITOBT INSTITUTIONS, AND
SURPLUS VAULT CASH AT DEPOSITOR! INSTITUTIONS.
@FedFRASER