View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
H.3 (502)
Tllble 1

UICB 12, 1987

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY 'BASE
Adjuatecl lor cllllllgee In -

1

Mqw-tl

· - . - o f delly . . . . . _ . . , ................. nolecl .......
Mllllona of dollenl

o.te

1981>--na.

-~

46.370
llo.865
47.282
48,577
49,4115
50,489
51.318
51,809
52,1t01
53.823
s5.U8

45,1186
46,104
ll6,J90
47.701
48,6112
49,148
50,1146
50,801
51,559
53,071
54,811

56,640
56,1193

25 p
11 PI

II& B.

ll.'li.

IUY
.JUIIB
JULY
lUG.
SEH.
oc~.

HOY.
DB C.
1987--JU.
!'&8.

" ' - - of CMPOeftOIY lnetltutlona

toW'

PI

extendldGNCIII'
-~-

45,978

Mqui!M

-

Monet8ry ......

NSA•

lon'wiiiOI of cllpalltorr lnltltutlone
fnlnl . . ,..,.. fiiiiM N8A
lldlndlcl ONdll"
tot.a

_.,

801
838
931
910
740
726
746
978
1,369

219,612
221,337
222,346
2211,880
226,637
228,3U
230,599
231,691
233,1Ui1
236.067
238,81t4

884
,.1
893
876
803
7111
872
1,008
8111
752
827

108
116
144
137
70
38

492
518
634
584
5:J1
318
465
570
497
U8
303

1,097

56
68
73

n.o24
48,285
119,172
50,1llt
51l,911
51.371
52,056
53,489
55,114

45,.l72
415.968
41o,481
47,739
ItS, 5111
119,579
50,579
51,083
5l,lt55
52,845
!»4,269

56,1160
55,937

56,285
56,220

55,572
55,301

1,068
1,192

2112,035
243,563

580
556

311
71

225
283

56,826
56,321

56,402
55,o41

56,667
55,91t0

55,367
55,265

1,459
1.056

243,652
243,297

42!1
680

~

81

265
299

5o.o7a

55,613

53,888

55, .l27

851

21l4,481

4c.o

u

275

111>,6:-tl

89~

94

9t

riiO IBIIS
II DUG

--------1987-F&B.
IIlii.

11

POl JOII 1986 liD •1101 BOI~BS 8111 81&1 IBIISBD.
P---PIBLIBXIllf
PB--PIILIBllllf IS~Iftl~l
~I
IISIIYBS liD IOII~llf BlSI PXOOIBS IICOIPOil~l lDJD~III~S POl DISCOITIIUI~IBS lSSOCiltiD II!I !II I ..£alltrA~IOI OP ~II
1011~11! COtriOL 1~ liD Drill BI80Ll~OBJ CBli&IS ~0 IISIIJ& RIQUIBIBIItS..~O ADJUST FOR DISCOI~IIDI!IIS DOl tO CIAIG&S II
IIS&IYI IIQUIIIIII~S 01 IISIRflBLI IOIDIPOSit LllBILI!IIS, tB& SOl OP SUCI IIQUIRID IISIIJIS liB SUI!IAC!ID PIOI ~II &crOlL
SIIIJS. SXIIL&ILI, II lDJUS!IIG POl DISCOITIIDITIIS ll tBI ftOIBrARI BlS&• IBQDIIID CL&liXIG BlLliCBS AID lDJOS~III!S to
COBPIIIA%1 POl PLOlt lLSO 111 SDtrll~ID PIOI fBI ACTUAL S&IIIS.
•
21 TOTAL IIS&IJBS 10~ lDJUSTID POl DISCOITIIUI~IIS COISlS!S OP IISIIf& B&L&ICIS 11!1 PIDII&L IISIIJI lliiS (IIICI IICLDDI
IIQUIIID CLI&RIIG B&L&ICIS liD &DJOS!III!S ~0 COIPIIS&TI POl PLOlt) PLUS flDL! ClSB OSID TO SltlSPI IISIIJI IIOUIIIIII!S•.
SUCH Y&UL! ClSB COISISTS OP tLL flULt C&SI BILD DDIIIG TII·L&&GBD COBPDTA~IOI PIIIOD Bf IIStl!UtiOIS B&YliG IIQUIIID RISIIJI
B&L&ICIS lt PIDIIlL IIS&IfB BliiS PLUS ~81 &BOUlt or f&ULT Cl$8 IQU&L TO IIQUIIID IISIIfBS DD~IG Til l&lltllliCI •1110D &!
LISTITUTIOIS B&fliG 10 IIQUIIID IISIIYI BlL&ICIS.
31 IITIIDID CRIDIT COISISTS OP BOBROIIIG &T Til DISCODI! IIIDOI UIDII ~B& TillS liD COIDI~IOIS IS!&BLISBID POl Til IITIIDID
CIIDIT .IOGa&l TO BILP DIPOSI!ORJ IIS!ltOTIOIS DilL IITB SUS~&IIBD LIQDIDitJ PRISSUIIS. B&C&USI TBIRI IS lOT Til Slll IBID to
IIPll SUCB BOIIOIIIG PIOI~LI &S !8111 IS ll!B !I&Dl!IOI&L SHORT-~188 lD~USIIII! CRIDlT• TBI lOIII I&IIBt liP&~ OP IITIIDID
CIIDlT XS SliiLll ~0 !B&T OP IOIBOIIOIBD RISBIJIS.
•1 1151111 BALliCIS 11!8 PIDIIlL IISBifl BlJIS PLUS YlULT CASH USID tO Sl~lSll IISIIJI IIOUliiB&IIS LISS IIQDliiD IISIIfiS.
51 !II 1011~&81 BASI lOt &DJUSTID POR DlSCOJ!liUITIIS COISISTS OP tOTAL RISIIJIS PLUS IIQUIRBD CLI&Rl»> B&LiiC&S.liD lDJUS!IIITS
TO COIPIISltl 108 FLO&! &! FIDBR&L IISIRYB B&I&S PLUS ~HI COIRIICI COBIOIII! or !81 BOIIJ S!OC& LISS Til &BOUlt OP flU£! C&SB
BOLDIIGS Of !BRI~ liSTI~U!lOIS !BlT IS IJCLUDID II !BI CUIRIICI COftPOIBI! OP !II lOIII S!OCI PLUS, POl IIS!ITO!lOIS lOT llfiiG
IIQUIIID IISIIfl BALAICIS, TBI BICBSS OF CDIIBIT flUL! ClSB OYBI TIB liOUIT lPPLIID ~0 S&TIS!'I CUIRIIT RBSIIJI IIQUIBIBIITS.
lPTII TBI IJTBODUCTIOI OP CRB, CUIIIICI AID Y&UL! C&SB PlGUI&S lRI ftllSUBBD OYII TRI ROID&I-BIDIIG COIPUT&TIOI PIIIOD.
PIIOI TO CBI, ALL COBPOIIITS OP THI ftOIBTAII 8&SB OTBBB TBll IICISS RISIRYIS &II SllSOI&LLl lDJUSTID lS l IBOLI, llTRBR Till
Bl COIPOIIIT, AID BICISS IESBIVBS IS lDDBD 01 l lOT SBlSOilLLI lDJOSTBD BASIS. &FTIR CRI, THI SI&SOI&LLI &O~US!ID SIRIIS
COISISTS OP SllSOilLLI lUJUSTED TO~AL BBSEBY&S (IHICH liCLUDIS EICBSS RBSBRYBS 01 & JOT SI&SOI&LLI lDJUSTBD BlSlS) PLUS ~81
SIASOilLLI &DJUSTID CUIIIICI COBPOIIIT OP THI ROlli STOCK PLIIS THI REBAIIIIG ITBftS SElSOIILLI lD.JUSTBD &S l IHOLB.
lOll: BlSTOBIClL D&tl All &Y&IL&BLB FROB THE Bli&IIG SICTIOI, DIVISIOI OF RBSBliCH liD STATISTICS, BOliO OF GOJIIIOBS OF' Til
 PBDBR&L BBSIRfB SISTER, MlSHIRGTOR, D.C. 211551

---~Dl~l

H.31S02)
T.tlle2

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE*

· No.I adjuata<:t forJ.ochanges. 1!!-rel!!~~ requlrem_!!!!!~!} ,
A-.ge~ ot dallY figures, _!lOt seasonal!~ adjusted ,
Mllllona of dotlara

·

·

Monetary

base'

Date
total

1986-UL
IlL
l.PL
Ill
.JUU
.JUJ.I
liG..
Sift.

ocr.
IOf.
DIC.

1987--.Ju.
r&L .P.B

nonborrowed

surplua•:

total

required

19,990
4!0,1110
20,1139
20,71o
21.1ll
21,2b7
21,676
21,595
2l.199

3,001
2,517
2,2111
2,3311
2,3o5
2,381
2,339
2,117
2,078
1,9117
1,872

25,049
25,889

23,08lt
2.l,lf45

1,965
2,4114

32,991
JJ,7l4

27,327
25,237

211,617
2.<1, 8b.)

2,650
2,l71f

131
237

35,376

23,662

21,6119

2,013

135

2161,2&7
2117, 10"1

211,700
27,1111
28,892
28,279
29,1199
30,313
30,165
31,922
32,947
34,803
37,360

21l,953
22,677
22,231
22,11711
22,8011
23,098
23,451
23,384
23,753
23,5113
24,071

58,600
5!»,871

246,770
21t4,l2 8

36,584
33,618

57,241
55,918

56,208
55,542

21fll,896
2113,676

56,560

56,114

21f5,l88

116,652
117,2711
48,882
48,419
119,938
51,029
51,217
53,189
54,623
56,399
59,560

45,768
46,513
117,989
47,543
119,135
50,288
50,405
52,180
53,782
55,6117
58.733

4!»,)!)5
46,318
48,081
47,581
49,007
!»0,118
50,538
!t2,46J
53,817
5!»,421
58,191

219, !»1>6
221,696
22o,11s
229,675
232,546
233,315
235, 01>7

59,668
57,063

59,088
56,507

57,667
56,591
57,025

:.l24, 8bf>

231,2~1

21,9!»2

.;,!(), 160

no auu

----nDUG

1987-rBL

11
25 p

IlL. 11 PI

•---Dlrl POl .JUII 1986 liD PIIOI IOITBS BAfl BEEI IBflSED.
t---PIU.IaliUt
PI--PIBLiaii&II BSriiltl.
1/ IIPLICTS lCTDl£ IISEifl IBQDIIEIENTS, IICLUOIIG THOSE 01 IOIDBPOSIT LI181LiflBS. VlfB 10 ADJDSTRIITS TO BLiftlllTI
fBI IPPICTS OP DISCOitiiUITIES lSSOCllTID liTH liPLBIErtAtlOI OP THE KOIBTll! COI~IOL ACT 08 OTB&I IIGULlTOI!
C811GBS 1'0 IISBifB IBQUIIIIIITS.
2/ COISISTS OP TOTAL BBSB&IBS PLUS IB~DIBID CLEAIIIG BALAICBS lMO lOJDSTIBJTS tO COSPBISATB POl PLOAT AT PBDBBAL IBSB&fl
8lllS PLUS t'BI CDIBIICI COIPOIEMT OP tHB ftOMB! STOC& LESS tHE lftOUIT OP fAULt' CASH BOLOIJGS Of' ~HilPf IISTITDTIOIS TB&t'
IS IICJ.UDBD 11 TBI CDRBIICI COftPOIBit' or 'l'HB 110181 StOCK PLUS, f'OI US1'11'Ut'IOIS lOT HUIIG IIBQUliiD I&SBIY.B BALUCBS, fBI
BICBSS OP CUIIEI'l' YlULT ClSB 0188 '1'81 AIOOIT APPLIED ro SATISPf COBREI'l' BBSBBJE RIQUIIBSIITS. lP'l'IB 'l'HB lNTIODUCtlOJ 01
Cll, CURIEICJ &ID I&ULT C&SH llGOIIS All IEASOIED OfBI THE ftOIDAt-BMDIIG COBPUTlTIOI PERIOD.
l/ IICLGDIS IIQUIBBD CLillliG BlL&ICIS AID AD.JUSTSEITS TO COftPINSlTB POl FLOAT.
t/ OATIS IBPII TO t'BB lliiTBiliCI PERIODS II WHICH TBB VAULT CASH CAM BB OSlO TO SATISII RBSIBVB BBQUIIBRBITS. UJDBI
COITBIIOB&IIOOS IISEIIB BBQUIBIKBI'l'S, Blll'l'EIAICI PERIODS liD 30 DAIS &PtE& THE LAGGID CORPU'l'ATIOI PBilODS
II IBICB TIB BlLliCBS AlB HIJ.O.
5~ BQU&L TO &LL fAULT CASH BBLD DDBIIG THE LAGGED COBPUTATlOI PERIOD BY liS'l'ItU'l'lOJS B~ &BQUliiO BBSBBfl BALAICBS
1'1' IBOBilL IBSBIYI BAllS PLUS 'l'HE &8001'1' OF YlULT CASH EQUAL tO RBQOIRBD RESBBYBS DOBIIG THB SliiTEiliCE PERIOD AT
liS'l'IrutlOIS HllliG 10 BBQDIB!D RESERVE BALANCES.
6/ fOTlL fAULT ClSH AT IJSTITUTIONS HAYING 10 BBQDlljD IISEBVI BALAICES LESS fBI AftODNf OP VAULT ClSR MQUA£ TO rHBI8
IIQUIIBD IISIIIIS DOliNG THE !AlNTEIAICB PERIOD.
7~
CUISIS'l'S OF ClBitOfBB ONLI AT DEPOSITORY IISTlTUTIONS BllNTAIIIIG RESEifES 01 TUB BASIS OF TWO-VEE& KAIMTBMAICI
R&alQDS. &BFLBCTS llCESS (•) OR OEPIClt (-) KiSIIfES BLISIBLE TO BE C&RRlED POllARD INTO THE TIO-WIEK BBSEBYE
II&IJ!UUCE P&IIOD EIDIIIG 08 'l'IIE DATE SHOIIN.




H.3 (502)
Table 3

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE •
Adjusted for changes In reserve requirements'
Averages of dally figures, not aeuonally acljuatacl
Milllona of dollars
Date
total

1986-l'BB.
Ill&.

lPB.
1111

.JUIB
.JULY
lOG.
S.BPI'.

ocr.
lOY.
DEC.

1987-.Jll.
l'BB. PB
~

Reaervea of depository Institutions
nonborrowed

Monetary base
requiracl

216,783

45,684
46,338
47,943
47,712
49,198
50,319
50,622
51,546
52,341
54,107
57,165

44,800
45,518
41,051
46,836
48,395
49,518
49,149
50,538
51,500
53,355
56,338

411,587
45,442
47,142
46,874
48,267
49,1109
49,882
50,821
51,595
53,129
55,796

J22,128
22J,605
221,031
2.J0,019
230,755
lll,512
233,040
236,914
243,041

58,249
55,599

57,669
55,0U

57,182
54,1l07

242,823
240,368

~t18,918

VO II.EJUtS
UDIIG

------1987-l'BB.

11
25 PB

56,205
55,143

55,781
51l,463

54,746
54,087

240,484
240,008

liAR.

11 PB

55,510

55,044

511,659

241,622

•---DlTl POll .JDIB 1986 AID PRIOR IIOITHS HAVE BEEI

uBV~S&U.

P--- PB.IU.L!llllli

ESTIMATE.
iBPLECT ADJUST!ENTS POB DISCOITINUITI£5 ASSOCIATED WITH THE I!PLEIIEITA!ION OP TBB
AID a~HEB iBGOLATOBY CHANGts TO BBSEIV~ BEUU1B88BITS.

PB--Pil~LllllllBY

1/

l'IGUR~S




IOH&Tl~Y

COITBOL ACT