Full text of H.3 Aggregate Reserves of Depository Institutions and the Monetary Base : March 16, 1970

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" '1/

FEDERAL

RESERVE

statistical

release

QQAJLCU fiMMAtoL,
For immediate r e l e a s

AGGREGATE RESERVES AND MEMBER RANK DEPOSITS
( A v e r a g e s of d a i l y f i g u r e s , in b i l l i o n s of d o l l a r s )
Seasonally adjusted

|

I

Member bank r e s e r v e s 1
Per iod
Required

Tot a 1

1969--January
February
March
April
May
June
July
August
September
October
November
December

Total
28.14
28.06
27.97
27 . 7 8
28.24
28.06
27.5 3
27.40
27.40
27.35
27.83
27.93

Nonborrowed
27.32
27 .21
27 .02
26.75 '
26.89
26.71
26.28
26 .21
26.38
26.21
26 . 3 8
26.81

27 . 9 0
27.83
27 . 7 3
27 .61
27.94
27 .74
27.33
27.16
27.14
27.13
27.55
27 .71

297.0*
296.7
294 .2
295.4
295.1
2 92 .6
288.0
285.3
285.7
283.5
285.8
285 . 8

1970--January
February p

28.00
27.68

26.97
26.57

27.82
27.52

284 . 8
282 . 9

March 1 6 ,

1970.

D e p o s i t s s u b j e c t to r e s e r v e requirements 2/
P r i v a t e Demand Dep o s i t s 3/1
Time and
U.S. Govt.
!
Net
Savings
Demand
Total
i n t e r b a n k Other
163.2*
128.4*
10.2
118.2
5.4
161.0
129.1
10.9
118.2
6.7
160.5
128.9
4.8
11.1
117 .8
160.1
129.4
10.6
118.8
5.9
159.3
130.0
11 .5
118.4
5.9
158.1
130.5
4.0
12 . 0
118.5
155.1
130.5
11 .8
118.6
2 .4
152 .5
129.9
12.6
117 .3
2.9
152 .1
129.2
12 .4
116 .9
4.4
151 .5
128.9
12 .1
116 .7
3.1
151 .1
116 .4
129.1
12 .7
5.6
151 .5
12 .6
129.4
116 .7
4.9
149.4
148.8

130.1
128.6

12.1
12 .8

118.0
115.8

5.3
5.5

.

p - Preliminary
1/
Data on member bank r e s e r v e s p r i o r t o J a n u a r y , 1968 a r c a d j u s t e d t o e l i m i n a t e e f f e c t s of c h a n g e s in r e s e r v e
r e q u i r e m e n t p e r c e n t a g e s , i n c l u d e s i n c r e a s e s i n r e q u i r e d r e s e r v e s due t o c h a n g e s in R e g u l a t i o n s M and D of
a p p r o x i m a t e l y $400 m i l l i o n s i n c e October 16, 1969.
2/
Components may n o t add t o t o t a l s due t o r o u n d i n g .
3/
P r i v a t e demand d e p o s i t s i n c l u d e a l l demand d e p o s i t s e x c e p t t h o s e due t o U . S . G o v ' t , l e s s c a s h i t e m s i n p r o c e s s
of c o l l e c t i o n and demand b a l a n c e s due from d o m e s t i c c o m m e r c i a l b a n k s .
NOTE: Back d a t a a r e a v a i l a b l e on r e q u e s t from t h e Banking S e c t i o n , D i v i s i o n of R e s e a r c h and S t a t i s t i c s ,
Board of G o v e r n o r s of t h e F e d e r a l R e s e r v e S y s t e m , W a s h i n g t o n , D.C.
20551.
* - Break i n s e r i e s due t o t h e w i t h d r a w a l on J a n u a r y 2 , 1 9 6 9 , of a l a r g e member bank from t h e S y s t e m .
The e f f e c t
o f t h i s w i t h d r a w a l i s t o r e d u c e t o t a l d e p o s i t s about $ 4 0 0 m i l l i o n , a b o u t e q u a l l y d i s t r i b u t e d b e t w e e n time and

and demand d e p o s i t s .