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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