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FEDERAL RESERVE statistical release
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H.3(502)

For Immsdiate ftolMse
<,

>.

Aggregate Reserves and Member Bank Deposits > .
Averages of Daily Figures

V'.

ovttsunan y Aujusiet3
—^

|

MEMBER BANK RESERVES j

/

DEPOSITS S
Monetary

Period

Nonborrowed

Total

BaseiV

Required

Time and
Savings

Total

iMillions of dollar s
1979—APE.
MAY
JONE
JULY
AUG.
SEPT.

|
I
I

oca.

SOV.P
DEC.P
1980—JAN.P
FEB.P
MAR.P
APR.P

WEEK

40,698
40,666
40,531
40,782
41,110
41,429
42,188
43,074
43,506

|
!

39,781
38,901
39,113
39,612
40,025
40,089
40,165
41,163
42,033

43,512
43,398
43,738
44,922

42,272
41,743
40,914
42,465

2P
9P
16P
23P
30P

44,248
45,200
44,760
45,293
44,626

41,986
42,814
42,484
42,738
41,962

7P
14P
21P

44,410
43,902
44,803

i
,

U

[

A _

B

Intertejfc

43,162
43,199
43,480
44,644

I

144.6
145.1
145.9
147.1
148.6
150.0
151.5
152.8
153.6

I

618.8
616.0
614.7
619.4
625.4
631.5
638.2
642.0
644.7

1

C

A

Other

U.S. Govt.
Demand

^**9f

Billions of dollars
40,522
40,525
40,310
40,572
40,888
41,238
41,924
42,830
43,108

• ^ o^ .

E

P r i v a t ^
Total

2, 1980

**%•*

%
J

JUNE
;

431.9
429.8
427.6
430.6
436.3
441.7
446.7
450.0
451.1

185.0
184.2
185.0
186.9
187.0
188.1
189.8
190.0
191.9

11.9
11.7
11.2
12.4
12.2
13.3
15.1
14.7 ,
15.6

173.2
172.5
173.7
174.5
174.8
174.7
174.7
175.3
176.3

1.9
1.9
2.1
1.8
2.1
1.7
1.7
1.9
1.8

154.8
155.6
156.7
158.0

643.9
647.7
649.5
654.8

451.9
454.5
457.9
464.2

189.6
191.3
139.9
188. 1

14.2
14.7
15.7
17.0

175.4
176.6
174.2
171.1

2.4
1.9
1.8
2.4

43,850
45,001
44,521
44,870
44,410

157.3
158.0
157.4
158.2
158.3

648.7
654.6
655.6
656.2
654.7

458.9
461.5
464.4
465.7
466.8

188.6
190.8
188.4
188.2
185.3

14.3
16.3
17.2
17.7
17.5

174.2
174.5
171.2
170.5
167.8

1.2
2.3
2.8
2.3
2.5

44,109
43,860
44,550

158.3
157.6
158.7

658.9
656.2
659.4

467.5
468.1
467.8

189.4
186.2
189.7

17.2
16.5
18.9

172.2
169.8
170.8

2.1
1.9
1.8

:

ENDING:

1980-APR.

MAY




j

43,081
42,881
43,964

i

!

I

SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES.

H.t(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES
NOT SEASONALLY ADJUSTED
MCKHMEft SANK RESERVES SJ

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
Monetary

Period

Nonborrowed

Total

Basel/

Required

Millions of dollars

Total

Time and
Savings

|

Private Demand Deposits
Total

Net
Interbank |

U.S. Govt.
Demand

Other

Billions of dollars

40,724
40,237
40,104
40,916
40,715
41,053
42,269
43,015
43,958

39,807
38,472
38,686
39,746
39,630
39,713
40,246
41,103
42,485

40,548
40,096
39,883
40,705
40,494
40,862
42,005
42,771
43,560

144,2
144.4
145.6
147.9
148.4
149.4
151.3
153.5
156.2

621.1
610.9
613.9
619.2
620.4
629.0
637.8
642.2
652.9

432.3
429.8
427.2
429.8
434.1
439.4
445.8
449.1
452.0

186.8
179.2
183.9
187.8
184.5
187.5
190.5
191.4
199.0

11.6
11.0
11.0
12.6
12.0
13.3
15.1
15.3
16.2

45,252
43,224
43,165
44,955

44,011
41,570
40,341
42,499

44,902
43,026
42,907
44,678

156.1
154.0
154.9
157.6

652.4
644.4
648.4
657.0

454.6
455.8
460.6
464.7

195.5
186.7
186.0
189.7

15.2
14.5
15.3
16.6

180.3
172.2
170.7
173.1

2.2
1.9
1.8
2.6

2P
9P
16P
23P
30P

43,880
44,350
44,854
45,681
45,244

41,618
41,964
42,578
43,126
42,580

43,482
44,151
44,615
45,258
45,028

155.7
158.0
157.7
158.0
157.1

651.6
659.6
661.2
657.6
651.3

462.4
464.2
464.9
464.7
465.6

187.9
193.5
193.5
189.7
182.7

15.6
16.8
16.7
16.3
16,6

172.3
176.8
176.9
173.4
166.1

1.3
1.9
2.8
3.1
3.0

7?
14P
21P

44,535
43,491
44,167

43,206
42,470
43,328

44,234
43,449
43,914

158.2
157.3
157.8

654.4
651.4
652.6

466.4
467.6
468.1

185.9
182.2
182.5

17.2
16.0
17.0

168.8
166.2
165.5

2,1
1.5
1.9

1979—APR
MAY
JUNE
JULY
AUG.
SEPT,
OCT.

|

DEC.P
1980—JAN.P
FEB.P
MAR.P
APR.P

WI«K

|

!

175.2
168.2
172.9
175.2
172.6
174.2
175.4
176.2
182.8

I

2.0
1.8
2.8
1.6
1.7
2.1
1.6
1.7
1.9

INDING:

19iO-AP*.

MAY

i

I
I

P - PRELIMINARY
1/ MEMBER EANK 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 $100,000 OR MORE. THIS ACTION INCREASED BEQUIEED RESERVES APPROXIMATELY $3.0 BILLION IN THE WEEK
BEGINNING NOVEMBER 16, 1978. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSED ON
"MANAGED LIABILITIES". ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. THIS
ACTION RAISED REQUIRED RESERVES $318 MILLION. EFFECTIVE MARCH 12, THE 8 PERCENTAGE EOINT MARGINAL RESERVE REQUIREMENT WAS
RAISED TO 10 PERCENTAGE POINTS. IN ADDITION THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS REDUCED.
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 CF GOVERNORS OF THE FEDERAL
RESERVE SYSTEM, WASHINGTON, D.C. 20551.



Page 3

H.3 (502)

Aggregate Reserves and Monetary Base
Adjusted for Changes in Reserve Requirements j /
Averages of Daily Figures, in Missions of Dollars'
I

SEASONALLY ADJUSTED

|

MEMBER BANK RESERVES

MEMBER BANK RESERVES

Period

NOT SEASONALLY ADJUSTED

Monetary Base
Total

Nonborrowed

Required

Total

Nonborrowed

Required

Billions of dollars

[
Monetary Base
Billions of dollars

JUNE
JULY
AUG.

40,911
40,889
40,767
41,039
41,365

OCT.
NOV.P
DEC.P

42,320
42,557
43,135

39,994
39,124
39,350
39,868
40,280
40,351
40,297
40,646
41,663

1980—JAN.P
FEB.P
MAR.P
APR.P

43,236
43,078
43,320
43,419

41,996
41,423
40,496
40,963

42,887
42,879
43,062
43,141

43,739
43,097
43,148
43,849
43,492

41,477
40,711
40,872
41,294
40,828

43,341
42,898
42,909
43,426
43,276

156.8
155.9
155.8
156.8
157.2

43,371
42,248
43,242
44,237
44,110

41,109
39,862
40,966
41,682
41,446

42,973
42,049
43,003
43,814
43,894

155.2
155.9
156.1
156.6
156.0

43,536
42,917
43,736

42,207
41,896
42,897

43,235
42,875
43,483

157.4
156.6
157.6

43,662
42,506
43,100

42,333
41,485
42,261

43,361
42,464
42,847

157.4
156.3
156.7

1979—APR.
MAY

40,735
40,748
40,547
40,828
41,143
41,500
42,055
42,313
42,738

'

j
j

144.8
145.4
146.2
147.4
148.8
150.3
151.6
152.3
153.3

40,937
40,459
40,341
41,173
40,970
41,315
42,400
42,498
43,588

40,020
38,695
38,923
40,002
39,885
39,975
40,378
40,587
42,115

40,761
40,318 •
40,120
40,962
40,749
41,124
42,136
42,254
43,190

144.4
144.7
145.9
148.2
148.6
149.7
151.4
153.0
155.8

154.6
155.3
156.2
156.5

44,976
4.2,905
42,748
43,453

43,736
41,250
39,924
40,997

44,626
42,706
42,490
43,175

155.8
153.7
154.5
156.1

I

i

WEEK ENDING:
1980-APR.

2P
9P
16P
23P
30P

MAY

7P
14P

21P

1/

I

RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS, THE
INCLUSIONS OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K AND M. HISTORICAL DATA AND A DESCRIPTION OF
THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551.