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~E=-D~E~R~A=L_!. .R.:.=E:. : S:.=E:.:.R.:. . :V:. .=E:. -=:.st=a:.=ti.:.s=-=t:i.:c.=:-=a:.:_l F r=-=e:..:....:le=-=a::..:::.s..::... e _ _ _ _ _ ( · )-_ . ••~0 ~.· : . ~~~ R~st;. • ...... H.a 1!011 TIIIM1 IJUCH AGGREGATE RESERVES OF DEPOSITORY INSTITUTlONS AND THE MONETARY lASE Adjwtecl fOr olleneM In A-egee o1 dlilly 1..-, 2"• 1988 ,..._... -*11 eciJueted UftiMa noted ollletwiM MlllloM ol dolt.,. o.te 1987--118. UL API. Ill ! JO I & J0£1 AUG. Sift. ocr. JO Y. DIC. 1988-JAL . 1'&8. p IOI.r' ....,_ ol ~tory IMIIMIOM NqUINcl noullonowed plue nonllorrowed ell1ended credit• · 56,873 56,852 57,954 58, 352 57, 706 57,602 57, 876 57,825 58,1l96 57,987 57, 436 56, 311 56,325 56,116 1 57,311 56,;1130 5,,929 57,229 56, 885 57, 553 57,362 56,6 58 56,600 56, 5811 57, 231 57,601l 57 ,203 57,1lll 57 ,360 57, 294 58, 003 51,736 57,1 42 55,662 55,936 57,127 57,273 5&,516 56,84 1 56,84/l 57,032 57,36 8 57, 06/l 56, 407 58,316 5a,uo 57,2lt. 58,0llll 57, 606 58,249 58, 501 58,502 sa,:us 58, 071 58,145 58, 751l 57,608 56,830 ··NSA• 1988-I IL . 10 2/l UL 9 p 23 PB 10181 1, 211 916 827 1,079 1, 190 76 1 1,032 7113 1,129 923 1,029 2113,755 21lll,349 246,526 21l8,234 21l8,481 2411,51 1 250,9117 252,25;l 251l,564 256,0:.!5 256,684 57,02 1 57,305 1, 295 1,.135 58, 358 58,309 57,220 57. " 5 57,862 58,515 57,166 57, 769 .. ._... 289 117 71 91 120 196 259 28J 279 231 189 126 93 260,245 261,260 1, 012 39ft 59 75 372 205 1, 282 1,087 261,6 42 261,2118 287 us 55 11 1U 232 979 985 260, Sl1 262, 830 537 1, 924 11 1 123 255 1, 685 %10 VIliS IIIDIIG ------- lonowlnge ol c~epoe~tory IMlltutloM from 1M ,.._., ..._,.., NSA Monetery ..... . 55 .. 527 9U 1,035 I 77 6 67l ,,., 940 9U 625 2U 210 288 213 194 1l2 409 449 394 Ul P---PII L11IIAII PI-•PIELIIII I lal &S%I ftA%1 . 11 IISIIYIS liD BOIIfAII BASI IIGOI&S IICOIPOIATI ADJIS%BII fS POl DISCO I TI I UITIIS l SSOCI AfiD II%1 fBI l&PLBB&ITATIOI OP f BI BOI BTl RI COITBOL ACT liD OfBII RIGUL ATOII CHAI GIS %0 IISIIfl I BQUIIBBBI TS. t O ADJUST fOR DISCOITIIIUI%I I S DUB TO CHAI~IS II IISIIf l IBQUIRIB&I fS 01 IISIIY ABLI . I OI DIPOSIT LI ABILITIIS, %8& SUB Of SUCH IIQUli i D RISII YIS Ai l SUBf iACTBD PIOB THI ACTUAL SI IIIS. SIBLLAILI, II ADJUSTIIG POl DLSCOITXI ULTl&S I I fBI IIOI ETAit BASI, IIQUIIID CLIARIIG 8ALA I C&S AID AD.OSTBIITS TO COIPUSATI ,08 PLOD U.SO ARB SUBTUCTID PIOI fa.l ACTUAL SIIIBS. 2/ TOTAL IBSIRYIS 10% AOJUSTID fOR DISCOI TIIUITII$ COISISTS OP IBSI IY I 8 ALA ICIS I Irl l&DIBAL I~SII Y I BAl iS (IBICB IICLUDI IIUUIIID CLIARII G a&Lli CIS AID l DJUS%BBITS TO COBPEISATI POl fLO AT) PLUS f AULT CASB OSID t O SlTISPI IISIIYI I &QUIII BIITS. SUCK fAULT C&SB COI SlSTS OP AU U OLT CASB BILD DUIIIG f BI UGGID COIIPU'll riOI PIIIOD 8t IU~lTft'IO IS · HU ll~ IIQUIIJID IIS I IYI BALAICBS AT PIDJII AL IISIIYB BAllS f LOS THE ABOOI T or f AULT CASB EQU AL TO RBOUIBID 'ISIIY&S DDIIIG fBI Blllfi i AICI PBIIOD AT I I STITUTIOIS HlfliG 10 IIUUIIID JISIIYB BALliCKS. 31 IITIIDBD CIIDlf COISIStS OP BOBIOI I I G AT THI DISCOUIT IIIDOV DIIDBB TBB TilliS AIID COIDITIOIS ISTlBLISBBD fOR THJI EITIIDID CIIDit PROGIAB TO BILP DIPOSITOit liSTifOTIOIS DI AL VITB SDSTAII ID LIQUlDITt PIISSUIES. B&CAUSE THill I S lOT TRB SABE liED TO I BPAt SUCB BOBIOIIIG PIOIPTLt AS THill IS VI TI TllDlTIOilL SBOIT- TBIB lD~USfBIIT CIIDif, TBI BOlli BABIIT I RPlCT 01 BITIIDID CIIDIT lS SIBlLll to fll'l or IOIBOIROI ED RISBIVBS. Ill RBSEBYB BALAI CBS I ITB f KDBil L IESIIfl BAllS PLUS fAULT CASH DSID TO S l fiSft BI SBI YI IEQUIII~IITS LISS IIQDII ID IIS I I JIS. 51 THI BOIEfARt BASI lOT lD~USTID fOI DISCOifiiUITl &S COISISTS or TOTAL IIS BIYIS PLUS IBQUIIID CLIAiliG 8 ALAICIS AID lD~DSTREITS TO COBPKI SlTI FOR f LOAT AT PIDEIAL IISBIJ I 8li1S PLUS fBI CORIBICt COIIPOI Bif or TBB 110181 STOCI PLUS , FO¥ l i STITUTIOIS lOT BlfiiG I&UUIIBD IIS&Ifl BALliCES, fBI BICESS 01 COIIIIT YlOLT CASH OYER TBB ASOUIT APPLlB D TO Sl flSP t CUKIIIT RB SBIYB I&QULIIB&ITS. Af f&l f iE IITROD OCTIOI or CCK, CU I IEICt l i D fAULT CASB fl GUi f.S ARB RI ASUIBD Ofli THK BOIDAJ-IIDlMG COBPUTATIOI PERIOD. THB SBASOIALLt lDJUStiD BOI ITAit J l SI CONSISTS 0 1 SEASOIALLt ADJUS TID TOflL RISBIY& (IHICR lJCLUDBS llCISS RKSERYBS 01 A MOt SfASONlLLt ADJUSTED ilSlS) PLUS TRB SEASOIA LLJ ADJUSTED CUBREICt COBPOIBif or THB ROlEY STOCl PLUS THE RERAliiiG IT EBS SEASONALLY ADJUSTED AS A VHOLB. IOf!: HISTORICAL DAT A AI£ AfAlLl BLE FROB THE ftOIBl AID iBSEBf!S PIOJBCTIOIS SECTIOI, DIYISlOM OP 801£TABt Af f AIRS, BOARD or GOU8108S UP TRB P£DIIAL USIIVB SISTER, .IIASHUGTOI, D.l.:. 20551 H.3 1!1021 Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE 11'jo,U!_dju_stt~dilor.changesi~~eserve requirem~ ' A-age• of dairy ligures,; not seasonally adjtJ_steo~ Mllllona of dollara Monet81)1 Date 1987--rBI. lllL API. lilt JUU JUJ.t lOG. SBP'l. ocr•. IIOf., DB C. 1988--JlL, riB. P raqutrad b·-~ total nonborrowacl 57,060 57,061 59,393 58,339 58,784 58,838 58,361 59,813 61,106 61,205 62,123 56,503 56,534 58.r400 57,.103 58,008 58,166 57,7111 58,873 60,163 60,580 61,346 55,8119 56,146 58,566 57,260 57,594 58,078 57,329 59,020 59;971 60,282 61.094 . 2114,918 21l9,21t1 249,9110 252,539 2511,671 254,360 255,691 258,016 261,674 266,161 62.61t0 60.048 61,558 59,651 61.345 58,912 60,648 59.,787 60,361 59.362 59,578 60.,125 59,041 58,201 2l,U5 21,7113 21,587 11,813 22,1175 22,728 22,7115 23,128 37,1153 37,673 25,901 23,765 23,3'8 23,681 24,369 24,613 2,,6U 24,8511 25,587 2S,U1 26,155 23,752 24,449 2,1f66 2,02.2 1,762 1,808 1,893 1,885 1,899 1.726 1,730 1,679 1,706 265,789 262,600 37,1185 311,212 26,919 28,119 25,155 25,836 2,283 59.,366 58,700 262.,755 262,540 33,681 J4, 102 29,1t11 27,954 26,967 25,685 2,210 262 209 58,600 59,139. 262,458 264,350 35,580 35,768 25,981 26,224 23,998 24,357 1,989 1,867 152 33 2u.~~o 33,625 35,118 37,807 36,466 36,309 36,110 35,616 36,685 37,~U 23,851 1, 761t flO IBUS IIDIIG 1988--PJ:B. . 10 21f IIAI. 9 P 23 PI 2,450 P---PBBLIIIIIlU PI--PBBLIIIIBlii BSII!lTI. 1/ BBrLBCTS ACTUAL BBSBBfB IIQUIIB!BITS, IICLUDIIG IBOSI 01 IOIDBPOSIT LI181L11IIS, JITB 10 lDJUSTIIIITS TO ILIIIIATI TBI IPrECTS Ol DISCOITIIUITIIS &SSOCIATID IITB IIPLIIIIITAriOI or TIB 801Brlal COITIOL ACT 01 OTHII IIGULAIOII CH&IGIS TO IISIBfl IBQUIIBIIBITS. 2/ COISISTS or TOTAL BBSBIYIS PLUS IBQUIIID CLiliiiG BlJ.AICBS AID lDJUSTBEITS TO CO!PIISATB POl PLOAI lT 'BDIJAL aBSIIfB Bli&S PLUS TKB CUIJBICI COBPOIBIT or TIE 80111 STOCK LBSS 181 lROUIT or fAULT CASH ROLDIIGS or fMILFT IISIITUTIOIS THlf IS IICLUDBD II !8& CUIISICI COBPOIIIT or !BI ROIBt STOCK PLUS, POR II~TITUTIOIS lOT HlYIIIG IBQUIIBD IBSBBYI BlLliCBS, TBB BICBSS Or CUBIIIT fAULT CASH OfER Tl. &BOUlT l~PLIBD TO SlTISrt CUIII~T IBSBifl IIQUIBBBIITS. artll TBB IITIODUCTION or CIB, CUIBBNCt liD YlULT ClSB PIGUBBS liE RllSOBBD OJBR THE 801Dli-IIDIIG CORPUTlTIOI PIIIOD. 3/ BXCLUDBS REQUIRED CJ.BliiiG BlLliCBS liD lDJISTBBITS TO COIIPBNSlTI POl rLOlT. ' I DlTBS RBrBB TO THB BliiTBI&BCE PERIODS II WBICB THE flULT CASH Cll Bl USBD TO SlTISrt IBSBifl JBQUIBIIIBITS. UIDBI COJrlllPORUBOUS tiUUI IIQUIIBBBIITS• IUITIIUCI PIBIODS BID JO Dlts APTU Till J.lGGBD CO!PIIU'IOI PIBIODS II WHICH THB BlLUCIS AlB HBLD. 5/ IQUAL TO ALL YlULT CASH RILD DOBIIG TBI LlGGID CORPOTlTIOI PERIOD BI IISTITUTIOIS HAYIIG RBQUIBID IISBJYB 8lLliCIS AT rBDBRlL IBSBBYB BAlKS PLUS THE l!OUIT or fAULT ClSII EQUlL TO IBQOIBID IBSBBYIS DOIIIG Till BlliTBIAICE PBJIOD AT IISTI!UTIOIS HAYIIG 10 BBQUIIED IBSBIYI BlLliCBS. 6/ TOTAJ. VAULT CASH AT IISTITUTIONS HlJIIIG NO IBQUIIBD IBSBIYB BlLliCIS LBSS TBB &ROOIT or flUJ.T CASH IQUAL TO TRBIB IBQUIIED BBSEBYBS DUIIIG THB IIAINTBiliiCE PIIIOD. 1/ COISISTS or CliBIOYII OILf AT DEPOSITOII IISTlTUIIOIIS BliNTAIIIIG JISBBYBS 01 THE BASIS or TIO-WBBK lliiiTBiliCI PERIODS•. BIPLBCTS IICBSS (•J OR DBPICIT (-) IISBIVBS ELIGIBLE TO 81 ClBBIBD FORWARD IIITO THB TVO-VBBK BESEIVB llliTBiliCB PIJIOD BIDIIG ON THE DATI SHOWI. H.3 (502) Table 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted for changes In.....,. requirements 1 Averages of daily flgulea, not aeaaonaily adjusted Millions of dollars Deta total Raaarvaa of depository institutions nonborrowed Monetary baN required 516,877 55,152 51,544 56,221 56,U5 56,983 2460,811 l41,925 246,066 56,088 56,068 58,372 57,299 57,625 57,7U 57,390 57,496 58,037 58.093 5.8,965 55,53~ 55,~41 60,170 57,6117 59,089 57,251 58,875 56,512 261,202 258.194 58,188 57,401 57.901 56,983 56,906 56,321 258,150 24 9 p 23 PB 57,237 57,852 56,700 55,928 56,259 56,867 25d,087 2b0,385 1987-I'D•. au. ua•. Ill JUIB .lULl lUG. SBft•. OCT. 101. DEC. 1988--JAI•. I'BB. P 57,379 56,264 56,849 57,071 56,743 56,556 57,094 57,1168 58,188 56~358 56,703 56,909 57,110 57,936 246,83~ 2119.~86 251,4~4 251,4620 251,603 253,287 256,821 261.~141 iBBKS EIDIIG ~110 --1988--I'U.----10 IIA.Il. 258.~65 P---PIBL.IU.U.Ill PB--P.IlBL.I8.IIABI BS'fllll'fB. 1/ FIGUIBS BBI'LBC'f lDJUS'fiiBHTS FOB DISCOI'f.IIDI'fl&S lSSOCll'fBD liTH THB IIIP£BIIBI!l'fiOI 01' 'fiB IIOIB'fl.lll COI'f&OL lC'f liD O!HBB BBGULlTO.Ill CUAIGES TO 8BSB.IlYB RBQUI.Il&aBI'fS.
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