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^QtSStet FEDERAL RESERVE statistical release •^rff?^ 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.