The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
,. ~------------------~------~~--~-----------------------------------------. .... ·--- • . ··~······ FEDERAL RESERVE statistical release =~ :::u· • : ------------------------------~~~~~~~~--------------------~ . 'I II ' .; ___ ··~~-'~···· ...... .............,......... ,..... M.3CIIIIIt T..... 1 .JUIB lS 0 1987 AGGREGATE RESERVES OF DEPOSITORY INSTfJUTIONS AND THE IIONEI'ARY BASE Mjullellflll' .......... _ . . . . . , _ . . . . ~al ........... _ _ , .......................... 11111111oneal ..... .,... 1986-ut .JOIJf .JULY AUIO. lt9.016 SBPI. ·oc~. lOY. D~C. .... ,.&. 1987--.JAL APfi. IU - p . .................... ..............__.............. .............. 411,140 411,725 .,,.54 411,171 - ..... NIA" 1,001 752 127 71 11 1,061 1,211 2412,1131 seo n 50,610 51,501 52,302 5l,U5 51t,41t !1•,166 49,950 51,628 SZ,JIIt 51,737 55,340 50,.121 . 51,M4 51,164 5.2.111 54,155 55,641 !i6,811t !oft,871 56,852 !t7,95ll 58,351 56.1011 56,.J17 56,125 56,961 57,315 56,521 56,600 56,S.t 57,1.11 57, ..0l 55,816 55,66.2 55,916 57,127 57,276 '" .2. .,561 127 1,075 S8,7ll 5i,06:J 57,3211 57,2l1J 57,~ 57,51J S7,717 57,005 sa.50J !17.370 57.409 56,735 57,706 56.989 57,379 5ft,557 S.J,S11 54,791 ·~ Z25,1.U 2Z6,t.J.J »1.,605 a.JI,Ui U2,211 2.Jit,U6 U6,115 2lt.,51.J . .,.,<ll 51~294 .,, . ,,..._. NIA 111~-J.IJ I.JI t.J1 t11 1. . 726 71t6 171 1,.161 419,1.26 418,795 41,710 "50,761 51,576 s2,nt II -- l~~.........._ ..... ~ 24.1,110 N.J 7411 172 .., 94 101 116 1414 U7 It 71 91 ......... cndll" 514 5.11 l18 465 570 497 411 . .~ 225 246.,516 2.1,366 556 527 IU 1,035 116 uo 270 •211 1,016 1,06J 248,071 248,024 1,410 810 159 190 291 276 1,124 814 248,960 .247,837 1,091t 635 226 230 291 254 21.1 a•• UUS BIDIIG ~riO ------ • 19tJ7-a.u 20 .JUIII 3 p 17 P& P---VR&LlftiiA&Y PB--PR&LIIIIA&I BSI~IA~B 1/ RES~kV~S ABD BOBETABt BASE FIGURES XBCORPORA~B ADJUS~I&MTS POl DXSCOrriiUX~IBS ASSOCXATBD IXTS TBB ZIRLIBBITA~XOI OF TBB BOW&TAdl CONTROL ACT AID OTHB& &EGULA~ORI CHABGBS !0 RBSBafB IJQUXRBBB~S. ~0 AD.JUS~ POl DZSCOITXIUI~~BS DUB TO CBABGBS II RESBfiV~ BE~UXBKRBITS 01 RBSJafABLB IOIDBPOS~f LXABILITX4S 0 ~HB SUI OP SUCH IBQUX&BD BBSBIYBS ARB SUB~IAC~BD ,_08 ~BB ACTUAL S~Rl~. SIRILARLI 0 IB ADJUSTIIG POR DISCOITXBUITIBS XI TBB BOI~ARI BASBo RBQUIIBD CLBARIBG BALliC&s ABD AD.JUSTBBITS TO CORr~SATB POk FLOAT ALSO AlB SUBTRACTED PIOR THE ACTUAL SBIXBS. 2/ TOTAL RBSBRfBS MOT ADJUSTED POR DISCOITIIUX~XBS COISXSTS OP IBSBRYB BALABCBS liTH PBDBRAL IESEIYB BAI~S (IBICB BXCLUDB RB~UIKBD CLBABIIG BALABCBS AID ADJUS~BEITS TO COBPBISATB FOB FLOAT) PLUS fAULT CASI USBD !0 SATISFY R•SBIYB REQUIIKBII~S. SUCH VAULT CASH CONSISTS OP ALL f&UL~ CASH HBLD DURIIG TBB LAGGBD COIPU~ATIOI PIRIOD 81 XISTIT~IOIS HAYIIG REQUI&BD IESERVB ~ALANCES AT fEDEBAL RES~&Y& BAI«S PLUS ~HB &BOUlT OP fAULT CASH BQUAL ~0 IBQUIRED IBSB&fiS DUIIBG ~HB IAI~BIAICI PBIIOD AT INSTI~OTXOIS HAYIIG BO BByUXRBD RESBRfl BALAICBS. l/ IXT~NDBD CREDIT COMSXSTS OP BORROIIIG AT THB DISCOUIT IIIDOM UIDB& TBI ~BRIS AND COIDI~IOIS BSTABLISBBD POR THE IXTB&DBD CBEDU' PROGUR ~0 HBJ.P DBPOSITOII IJSfifUfiOIS DBAL 11'1'8 SUS'lAIIBD L.IQUIDlft PIISSUIBS. 8BCAUSI ~BBIB .IS lOT ~BB SABE I!BD TO KBPAX SUCH BOIROIING PIOBPTLI AS !BEll IS II~B !BAD~T~OIAL SHOIT-TBRS ADJUS~IIIT CRBDI!, !BE lOlBI BARKE! IBPACT OP BX~BID&D CREDIT IS SIRILAI TO THAT OP JOIBOIROIBD RES&afiS. 4/ RESERVE BALAICBS WITH PBDERAL RBSII~B BAI~S PLUS fAULT CASH USBD TO SA~ISPI &BSBIYB IBQUI&BIBITS LESS IEQUIRBD RISBRYBS. 5/ 'l'BE ftOIB!ARI BASE NOT AD.JUS~BD POB DISCOI~liUl~IBS COISIS~S OF ~OTAL RBSBI~BS PLUS RBQUIRBD CL&llliG BALAICBS AID AD.JDSTIEI~S TO COftPEISA!B POR fLOAT AT PIDERAL RBSERfl BAI~S PLUS ~HB CDa&BICT COIPOIBI~ OP fBI lOlBI S!OC~ LBSS ~BB AIOUIT OP VAULT CASB HOLDIBGS OF TBRIPT IISTXTUT.IOIS !BAT IS IICLUDBD II THB CUIRBICT COSPOIB~ 07 ~BB lOlBI STOCK PLUS 0 POR IISTI~U~IOJS lOT BA~IIG RByUlB~D BISBRVB BALAICES, !HB BICBSS OP CUIRBJT fAULT CASB orBa TBB ABOUI~ APPLIED TO SA~ISFJ CUIRBIT IISEB~B RBQUIIERIITS. APTEK ~HE IITRODUC'l'lOI or caa. CUBRBICJ AND ~AULT CASH FIGURES ARB IBASURED O~ER ~BB BOIDAJ-BIDIBG COftPUTATIOI PBRIOD. PBIOu TO CRB, ALL COBPOIEITS OP TBB IOIB'l'ARI BASE OTHER ~BAB BXCBSS &BSBIYBS ARE SB&SOBALLI AD.JUSTBD AS A IHOLBo RATBBI 'lBAB BY COBPOBBIT, AND BXCESS BESERYBS IS ADDBD 01 A lOT SEASOI&LLJ AD.JOS~BD BASIS. AFrB& caa, THB SBASOIALLJ ADJUSTBD SBRIBS COISlSTS or SEASOIALLY ADJUS~BD TOTAL IBSBRVBS (IHICB IICLUDBS BICBSS RBSEB~BS 01 A lOT SBASOIALLI ADJUSTED BASIS) PLUS TBI SBA~OdALLY ADJUSTED CUBKEIC! COBPOIBJ! OP TBB BOlli STOC~ PLUS 'laB RBBAIIIIG ~~EftS SEASOIALLI ADJUSTED AS A IHOLB. NOTE: HlS!OBICAL DATA ABE AVAlLABLI PROS fHE 8AIK11G SBCTIOB• DXVISIOB OP RESEARCH AID S~A~ISriCS, BOARD OP GOVEIIOBS OP THI FEDERAL A&SEBYE SfSTBR, IAStiiiG!OB, D.C. 20551 H.3 (502) Teble 2 A~REGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE N~!.diu•ted for,-changes m re!!rvl! req_ul~emen!!,1 A-.gee of dailY figures, not sanonaiJy adjusted Millions of doll.ra car.-yover of Date deficit total nonborrowed required total 48.1119 198b--ftA y 23,t.9J 23,289 23,552 4!1,!119 .ll, 801 1, 770 1, 75'1 51 64 24,0911 23,6oll ' ~1,97b 1,943 1,692 113 110 28.;.19 :,~ ~~.o47 !»!»,&&..!1 :)8,191 .lJJ.,3166 23J,l15 2J!»,uo7 237,257 241,267 247,707 29,1699 30,313 30,165 31,922 32,941 34,803 31,360 24o,752 21611, 2..!0 2416,978 249,2161 2169,934 36,5811 33,625 35,318 17,807 36,1167 25,0&&9 25,8d9 23,759 23,35J 2119,.l34 2119,947 J7,o1~ Jb,J27 ,251· 299 :l!» ,470 : )6,021 37,18' 53,189 OCT. lfOY. IJtC. ~ll,b.U ~b,.J99 59,!>u0 58,733 1987--JAIII. ~9,t>btl ~7,060 ~7,0(.1 ~9,U88 ::.&,~03 3tl,o0U Sb,~34 59,J93 Sti,JJ7 58,400 !>7,J02 :)o,l4o 58,5oo Sl,J.b"' o:; !:19,131 \, ..w ~8,1J.tl 57',721 57,2,99 57,0CJb 58,172 ~l.ll18 51;04ld P 1,9o!» 2,1l54 2,016 1, 7o7 1, tl2~ ~lo~ .>.L:P'!. II A.B.. APB. 2J,Otl&& 23,4J!) ..:1,716J :.!1,5tl7 21,871 117,5ts1 119,007 119,~J8 ~1,U29 ~ 1 ,J.77 PI:. B.. .l1,11l .o, 2o 1 21,b7b .l1, 59!:1 4!4!,199 ..!,JJit 2,365 .l,J81 2,3J9 2,111 2,07tj 1,9&&7 1,872 22,11716 22,8U&& 23,0!18 23,451 23,3ts&& 23,75J 47,5163 169, 1J5 so, .l88 30,4605 52,180 jJ,782 JUNt: JU.I.Y AUG. 1 11U ;o.~Jtl 5..!,16CJJ SJ,IH7 33,tli&9 11 !l 229,015 In r-rve requtred ---·-----1~-~f-fVll&• -+------+-------+ - - - -- HAY exc:H8 or 23,~4J 21&,071 l0,1&1U lO,'I 19 ~~.71o TIIO ll~l::KS END.lNii 1987--IIU. JUliE J P n pr; !)~,15& 58,~-tt 58,11~ ~a,J .. J .. 2l,1!J1 P--- Ph ELIIU lf A1' Y PE--£&ELI6IkAhY LSTIIIATE. 1/ h~FLE~T~ ACIUAL Bl::SJ:;RV~ kE~UIBEfttNT$ 1 INCLU~IN~ ~HOS~ ON NONDEPOSif ~IABILIT~ES~ lllTH NO ADJUSTl~NT~ ~0 HLlftliAl'E TLI~ l::H'.t.C'1:,·· OF DISt:UNTIIHJllltS lSSOCIAT!'D III'fli lftPLi!l'li!N~UTl:OJI 01' TH.t: ftOII.BTA&Y C•).llfiOL ACT OB Of9R iBGUUTOJII CtiANiiES •ru R.I:.SEBVE Hl:.\,/UlREM!iNTS. . . •· · 2/ C.UilSISl'S llt TOTA.L Rt.SE:RV ES l?.LUS BEQUlii!D C.LEUlNii BA .. AII(.;ES AIIIJ lDJUSTIIEIITS TO CCiftPEIISATJ.o: FOB i'LOAT AT PBD.BBAL RESERVE BANKS PLUS THE UUBB~~CY ~OKPONEIIT OF IHE liONEl STOCK .I.ESS TH~ ASOUBT OP VAULT CASH HOLDiN~S 0¥ T~BI¥1' LISTITUTIONS THAI' IS IIICLUDI:i!1 lli THE CUhRl:.IIII..Y COilPOHl:.NT OP l'HE liONEl' !H'OCK PLUS, FOR INSTITUTIONS NOT HAVllfG BEi.iUIIUW BHS.B.KJE BA.LAIICBS, ~HE E~C'ESS OP .CURREIII'l' VAUl.~ CA.SI:I OVE.II' 'l'Jfl': A.IIQU11T A.l'P'-lEJ;).·TO SU1Slf CU~,EilT ,R~SBRYE REQUIREft~IITS. U'T£11 THE III~RODUCTIOI OF ~Rti, CURR~NCY AND VAUL7 CA~H F~GUNCS liE ftEASUiJ:;O OVhd THE !OIDAY-ENDIBG COIPUTATIO" .PERiOD. 3/ EXCLUDE~ ~h~UlBED CLEAH~NG BALANCES AND ADJUSTftEMTS TO COIIPENSATE PUR F.LOAT. ~/ uATES h~Fbh 10 THE ltAlN1ENANCE PELIODS IN ~HlCU TH~ VAULT CASH CAM BE US~D ~0 SATISFY RtSBkV.t. BEQUlR~!«WTS. U.DEB ~ONl'Etll?OitANEOliS USEJ:tVE BEQUIRE!Etn'S, .IIAINT.t:JIUI.:E PUIODS BIIID .JO DAYS AlTEii THE LAGGED ~O!i>UUTlON PERIODS IN aHlC..li 'l'HE bALANCES Al!E HELD. • 5/ J:;UUAL 10 uLL VAULT CASH HELD DORING TH~ LAGGED ~OftPUTATIOM PERIOD BY IIS~ITUTIOMS HAYING BEQUIHED RjSEBYB BA£AICBS AT ~~hu~~ n~SEUVE BANK~ ~LQS THE AftOUNT OP VAULT CASH EuUAL TO REQUIBID 86SEBJBS DURING THE !&IMTEIAN~~XOD AT INSTITUTIONS HAVING NO R~~UI~RD BE~ERVE BA£AIC.BS. ;· . b/ ~OTAL VAULt I..ASH AT ~NS1l~UTIORS HAYllli 10 RE~Ul~ED dliSEBYE BAL&NClS LESS THE AMOUJT OP VAULT CASH EQUAL TO !HEIR Ht~UIBED hES.c.HYES OUN!MG 7HE KA1NT£NAMCE PERIOD. 11 CONSIST:> (;!' CAJiB:iOVER ONLY AT DEPOS!TOBY lli.STUUTIONS .llAIIITAUlBG BESEBV.E5 OM 'IilE BASIS Of TIIIO-U.EK IIAliTEIIAICE P~HlOuS. kEiLJ::CTS EX~ESS (+) OB DEFICIT (-) i~SERYJ:;S ELIGIBLE TO B~ CABBIED POKlllRD INTO THE TWo-WEEK RESEBYE MAlNTJ:;NA~~£ .PERIOD 4N~ING oN THE DATE SHOIN. H.3 (502) Table 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE AdJuated for chanaes In , • ..,. ,..qulrementa' Averaoee of dally figures, not eeaaonally adJuated Mllllona of dollara ReMfWI of depository Institutions Date total 1986--ftU JUNE JULY AUG. SEPT. OCT. NOV. DE<.:. 48,157 ll9,61l5 50,769 51,082 52,019 5...!,826 511,591 57,636 1987--JAH. FEB. lUB. APB. 58,731 56,088 5b,068 58,372 57,298 SAY nonborrowed ll7,281 48,81l~ 50,028 50,210 51,011 51,984 5J,840 56,809 Monetary base required 47,319 48,714 49,859 50,343 51,293 52,080 53,614 !»6,267 ~4!4,103 ~~1,541 .l30,5J9 .lJ 1,218 232,068 2.:U,605 231 ,4~ 1 243,630 24J, 422 240,81/ .l41,923 55,5111 57,379 56,2oJ 57,b63 54,877 55,152 57,544 56,223 241b,82!» 20 58,133 57,277 56,724 56,447 57,111 56,214 .l46,01o 247,1UIJ J p 17 PE 5o,870 57,995 55,777 57,360 55,7166 57,181 ~so, p 58,151 ~5,53.<l ~llb,065 TiiO WEJSKS EIIDllfG ------------1987--ISAI b JUlfE P---PBJU.UU.NlBY PB--PRBLlftlHABY tSTiftA~j. 1/ liGURES BEPL8l:T ADJUSTMEITS POi DISCOMTIIOITI£5 ASSOCIAtED illTH THB IftPLEftEITlT!Olf OP THE lMD OTHER BhGULATO~Y CHAM~BS TO BESi&fE B!QUl&lftHNTS. 4!4b,911 Ud ftOI~TAdl COBTROL ACT
@FedFRASER