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Y igaj release FEDERAL RESERVE ?&!&&•' H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements* Averages of daily figures Reserves of depository institutions non borrowed required total2 Period millions of dollars seasonal!/adjusted . Monetary base? billions of dollars JUNE U , Reserves of depository institutions totaiz non borrowed required millions of dollars not seasona My adjusted 1982 n Monetary base3 billions of dollars 1981—MAY JONE JULY AUG. SEPT. OCT. NOV. DEC* 39,627 39,619 39,727 39,810 40,312 40,118 40,150 40,527 37,399 37,582 38,048 38,390 38,855 38,937 39,487 39,891 39,370 39,281 39,387 33,518 39,898 39,840 39,805 40,208 161.4 161.7 162.5 162.9 163.7 163.8 164.3 165.8 39,310 39,053 39,636 39,479 40,087 40,219 40,332 41,263 370OB3 37,016 37„957 38,<060 38,630 39,038 39,669 40,626 39,053 38,715 39,296 39,187 39,673 39,941 39,987 40,943 160.8 161.2 163.3 163.2 163.3 163.8 165.6 168.9 1982—JAN. FEB. MAR. APR. MAY P 41,277 40,927 41,089 41,182 41,347 39,759 39,137 39,533 39,614 40,228 40,859 40,623 40,728 40,908 40,974 167.4 167.9 168.5 169.8 171.0 42,696 40,735 40,533 41,086 41,001 41,178 38,946 38,977 39,518 39,882 42,278 40,432 40,172 40,813 40,628 108.5 166.U 166.5 168.9 170.3 5 12 19 P 26 P 41,685 41,029 41,379 41,192 40,186 39,912 40,416 40,138 41,241 40,765 40,939 41,054 170.6 170.2 171.1 171.3 42,118 40,750 41,041 40,443 40,619 39,633 40,078 39,389 41,674 40,486 40,601 40,305 170.4 170.4 170.5 169.3 2 P 9 P 41,627 41,004 40,575 39,698 40,935 40,854 172.3 171.4 40,964 39,852 39,912 36,546 40,272 39,702 171.2 171.3 «EBK ENDING: 1982—MAY JONE p - PRELIMINARY BESEEVE AGGREGATES INCLUDE REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY 1/ INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION OJP THE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. BEGINNING H U B THE WEEK ENDED DECEMBER 23, 1981, RESERVES AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RES&RVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U N COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES HERE LOBBIED ON AVERAGE BY $10 TO $20 MILLION IN DECEMBER 1981 AND $40 TO $70 MILLION IN JANUARY 1962. 2 / RESERVE BALANCES BITH FEDERAL RESERVE BANKS (NHICH EXCLUDE BEQUI*ED CLBkBIBG BALANCES) PLUS VAUL1 CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL 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 THO NEEKS EARLIER USED TO SATISFY RESBBVE R2QUXREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, SHE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS. NOTE: HISTORICAL DATA ARE AVAILABLE FRQ& 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 seasonal IN/ adjusted Reserves of depository institutions J total2 Period nonborrowed required Monetary base3 millions of dollars 1981—MAX JUNE JULY AUG. SEP3. OCT. NOY. DBC. 40,516 40,442 41,007 41,023 40,591 40,711 40,948 41,924 38,288 38,405 39,328 39,604 39,134 39,531 40,285 41,287 40,258 40,104 40,667 40,731 40,177 40,433 40,604 41,604 162.6 163.3 165.4 165.4 163.9 164.3 166.3 169.7 1982—JAN. FEB. NAB. APA. MAX P 43,203 41,286 39,234 39,558 39,567 41,685 39,496 37,678 37,990 38,448 42,784 40,982 38,873 39,284 39,194 169.1 166.8 165.4 167.6 169.1 5 12 19 P 26 P 40,559 39,158 39,715 39,080 39,060 38,041 38,752 38,026 40,115 38,894 39,275 38,942 169.1 169.1 169.4 168,2 2 P 9 P 39,624 38,555 38,572 37,249 38,932 38,405 170.1 170.3 BEEK ENDING: 1982—MAX JUNE 17 RESERVES OF DEPOSITOR! IHSTIT0TIOHS SEHIES REFLECT ACTUAL RESERVE REQ0IBBHEHI PEBCBHIAGES HATH HO ADJ0SIM I I S M ELIHIHATB THE EFFECT OF CHAHGBS IB BEG0LATIOB 0, IHCLMIHG CHARGES ASSOCIATED BUB THE IBPLEBBHTATIOB OF THEHOHETARI COHTBOL ACT. IHCLODES BEQOIBED BESBBVBS OF BB4BEB BAHRS ABD EDGE ACT COBP0RAIIOHS AHD BEGIHHING HOTBBBEB 13, 1980. OIBEB DEPOSITOR! IHSTISOTIOiii. 0HDBB THB IHAHSIUOHAI PBASE-IH BBOGBA* OP THE aOHETABI COHTBOL ACT OF 1980, IBB HET CHAHGBS IB BEQOIBED BBSBBVES OF DEPOSITOR! IBSIITOIIOHS HAVE BEEHASFOLLOHS: EFFECTIVE HOVBMBEB 13. 1980. A BEDOCIIOH OF $2.8 BILLIOH; FEBBOABI 12. 1981, AB IHCBEASE OF « " MLL?OH HABCH12, 1981, AH IHCBEASE OF $75 BILLIOH; BAI 14> 1981, AH IHCBEASE OF $245 BILLIOH; AOGOST 13. 198ll AH IHCHEASE OF $245 BILLIOH; SBPTEBBEB 3, 1981. A BBDOCIIOH OF $1.3 BILLIOH; HOVEJBBB " 1981. AB IBCBEASB OF $220 BILLIOH; JAHOARI 14. 1982. A BEDOCIIOH OF $40 BILLIOH; FEBRUABI 11. 1982 AH IHCBEASE OF $180 BILLIOH; BABCH 4, 1982. AM BSTIHA2BD REOUCTIOH 01 $2.0 BILLIOH AHD HAX " . 1 9 8 2 . »5 ESTIMATED IHCBEASE OF $160 BILLIOH. BEGIHHIHG H U B TBB HBEK EHDBD BECEBBBB 23, 1981, RBSBBVE A L R E G A T E S HAVE BBEH BEDOCED BY SBIFTS OF RBSERVABLE LIABILITIES TO IHTEBHAIIOHAL BABKIHG FACILITIES |IBFS) . OH ?BB BASIS OF REPORTS OF LIABILITIES IBAHSFERRED TO IBFS B! 0. S. COBBBRCIAL BAHKS AHD O.S. AGEHCIBS AHD BBABCHES OF FOBBIGH BAHKS. IT IS ESTIHATED THAT RBQOIBBD BRSERVBS HERB LOHERED OH AVERAGE BI $60 30 $30 HIWIOH IB DECBHBBR 1381 AHD 4180 TO $230 IH JAHOAR! 1982, HOSIL! BEFLBCIIHG A BJ5DUCIIOB IH BESBBVABLI IS lESBRV^BAL^HCES^ITrFEDBBAL RESERVE BAHKS (HHICH EXCLUDE RIQOIBBD CLEARIHG BALAHCESJ PLUS VAULT CASB AI iSfTITraiOHS HITH RBQOIRBO RESERVE BALAHCES PLUS VAULT CASH BQ.0AI TO RBQOIBBD HBSBRVES AT OTHER IHSII10IIOHS. 37 INCLUDES RESBBVE BALAHCES AHD REQUIRED CLEARIHG BALAHCES AT FEDEBAL BESBBVE BAHKS IH THE CUBREHT HBEK PLUS ' v!oM cfsH HELD THO HBBKS EARLIER USED TO SATISFI RESERVE RBQUIREBEHTS AT ALL DEPOSITOBI IHSIITUIIOHS PLUS CORBBHCY OOTSIDE THE U.S. IRBASOR!, FEDERAL RESERVB BAHKS, THB VAULTS OF DEPOSITOBI IHSTIIOTIOHS, AH* SORPLOS VAOLI CASH AI DEPOSITOBI IHSTIIOTIOHS.
@FedFRASER