The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEDERAL RESSftffg Jfetistical release ^> H.3(502) . :** ' t , v * * For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions total 2 Period nonborrowed required millions of dollars seasonal h/ adjusted 1982—FEB. MAR. APE, HAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 1983—JAN. FEB. WEEK P Monetary base3 billions of dollars MARCH 14, 1983 Reserves of depository institutions required total2 nonborrowed millions of dollars not seasonally adjusted Monetary base3 billions of dollars 38,262 38,356 38,433 38,504 38,575 38.523 38,804 39,566 39,875 40,458 40,891 36,472 36,801 36,865 37,387 37,370 37,832 38,289 38,632 39,398 39,837 40,257 37,958 37,994 38,160 38,145 38,266 38,210 38,492 39,182 39,471 40,056 40,391 164.8 165.3 166.4 167.7 168.6 169.1 170.2 171.8 172.9 174.0 175.2 38,052 37,799 38,330 38,189 38,069 38,434 38,512 39,353 39,997 40,679 41,572 36,262 36,244 36,762 37,071 36,864 37,743 37,996 38,420 39,519 40,058 40,938 37,748 37,437 38,057 37,830 37,761 38,120 38,199 38,969 39,592 40,277 41,072 162.9 163.3 165.6 167.1 168.2 170.0 170.4 171.4 172.9 175.1 178.4 40,955 40,495 40,425 39,913 40,408 40,041 177.1 177.7 42,253 40,262 41,723 39,680 41,706 39,808 177.3 175.5 ENDING: 1983—FEB- 2 9 16 23 P 40,904 40,082 40,489 40,463 40,521 39,712 39,621 39,987 40,486 39,773 39,880 40,161 177.3 176.6 177.2 178.3 41,337 39,743 40,465 40,142 40,954 39,373 39,597 39,666 40,921 39,434 39,856 39,840 175.0 175.4 175.9 175.4 flAB- 2 P 9 P 40,964 40,418 40,254 39,790 40,292 39,849 178.7 177.6 40,445 39,602 39,735 38,974 39,773 39,033 175.4 176.0 V 2/ 3/ BESEBVE AGGBEGATES INCLUDE REQUIBED BSSEfiVES OF HEHBEB BANKS AND EDGE ACT COBPOBATIONS AND OTHEB DEPOSITOBY INSTITUTIONS. DISCONTINUITIES ASSOCIATED BITH THE IHPLEHEHTATION OF TBE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT COBPOBATION RESERVES, AND OTHEB CHANGES IN BEGULATION D HAVE BEEN BEHOVED. BEGINNING BITH THE WEEK ENDED DECEMBER 23, 1981, BESEBVES AGGBEGATES HAVE BEEN SEDUCED BY SHIFTS OF BESEBVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF BEPOBTS OF LIABILITIES TBANSFEBBED TO IBFS BY U.S. COAHEBCIAL BANKS AND U.S. AGENCIES AND BBANCHES OF FOBEIGN BANKS, IT IS ESTIHATED THAT BEQUIBED BESEBVBS HEBE LOWERED ON AVERAGE BY $10 TO S20 MILLION IN DECEMBER 1981 AND $40 TO $70 MILLION IN JANUARY 1982. RESERVE BALANCES ilTH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIBED BESEBVE BALANCES PLUS VAULT CASH EQUAL TO BEQUIBED RESEBVES AT OTHER INSTITUTIONS. INCLUDES BESEBVE BALANCES AND BEQUIBED CLEARING BALANCES AT FEDEBAL RESERVE BANKS IN THE CUBBENT REEK PLUS VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY RESERVE BEQUIREMENTS AT ALL DEPOSITOBY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS. NOTE: HISTORICAL DATA ARE AVAILABLE FBOH THE BANKING SECTION, DIVISION OF BESEABCH AND STATISTICS, BOABD OF GOVEBNOBS OF THE FEDEBAL RESERVE SYSTEM, WASHINGTON, D.C 20551. H.3 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS Not adjusted for changes in reserve requirements Average of daily figures, not seasonally adjusted Reserves of depository institutions1 total2 Period nonborrowed required Monetary base3 millions of dollars 1982—FEB. MAR. APRMAY J WE JULY AUG. SEPT. OCT. NOV. DEC 41,286 39,235 39,557 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 39,496 37,680 37,989 38,433 38,360 39,275 39,662 39,028 40,109 40,578 41,219 40,982 38,873 39,284 39,191 39,257 39,653 39,866 39,578 40,182 40,797 41,353 166.8 165.4 167.6 169.2 170.4 172.3 172.8 172.3 173.8 176.0 179.3 1983—JAN. FEB- P 41,862 39,820 41,333 39,238 41,316 39,365 177.9 176.0 WEEK ENDING: il/ 2/ 3/ 1983—FEB- 2 9 16 23 P 40,900 39,327 40,019 39,692 40,517 38,957 39,151 39,216 40,484 39,018 39,410 39,390 175.5 175.9 176.4 175.9 MAR. 2 P 9 P 39,980 37,406 39,270 36#778 39,308 36,837 175.9 174.9 RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGRAM OF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITORY INSTITUTIONS ACT OF 1982, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980, A REDUCTION OF $2-9 BILLION: FEBRUARY 12, 1981, AN INCREASE OF $245 MILLION; MARCH 12, 1981, AN INCREASE OF $75 MILLION; MAY 14, 1981 # AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLION; FEBRUARY 11, 1982 AN INCREASE OF $170 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13, 1982, AN ESTIMATED INCREASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION; OCTOBER 28, 1982, AN ESTIMATED REDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; AND MARCH 3, 1982, AN ESTIMATED REDUCTION OF $2.1 BILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVE AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BY $60 TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 MILLION IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TRANSACTIONS. RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
@FedFRASER