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FEDERAL RESEgyf piratical release
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FEDERAL R£S-- R v h ;'

Table 1

.rsi

For Immediate Release

AQQREQATE RESERVES OF DEPOSITOR H^TTTUTlONS AND MONETARY BASE
Adjusted for change* in reaarva requirements'
Average* of daily figure*
Reserves of depository institutions
tota!2
non borrowed
required
Period
millions of dollars
seasonal!/adjusted

v . Monetary base3
billions of dollars

MARCH

Reserves of depository institutions
nonborrowed I
required
total*
millions of dollars
not seasonally adjusted

7, 1983
Monetary l>ase3
billions of dollars

1982—FEB.
BAR.
APR.
HAT
JUNE
JOLT
AOG.
SEPT.
OCT.
NOV.
DEC

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
468.6
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

1 9 8 3 — J AAV
FEB. P

40,955
40,495

40,426
39,912

40,409
40.050

177.1
177.7

42,253
40.262

41,724
39,679

41,707
39,817

177.3
175.5

• E S I ENDING:
1983—FEB.

2
9
16 P
23 P

40,905
40,081
40,501
40,496

40,522
39.711
39,632
40,020

40,489
39,772
39,888
40,161

177.3
176.5
177.2
178.3

41,338
39,742
40,477
40,175

40,955
39,372
39,608
39,699

40,922
39,433
39,864
39,840

175.0
175.3
175.9
175.4

MAR.

2 P

40,900

40,190

40.333

178.8

40,380

39.670

39,813

175.5

1/

2/
3/

RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF HEHBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY
INSTITUTIONS. DISCONTINUITIES ASSOCIATED IITH THE IHPLEHENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION
OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. BEGINNING WITH THE
REEK ENDED DECEHBBR 23, 1981, RESERVES AGGREGATES HAVE BEEN REDUCED BT SHIFTS OF RESERVABLE LIABILITIES TO
INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BT U N COMMERCIAL BANKS AND O.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES NERI
LOWERED ON AVERAGE Bf $10 TO $20 MILLION IN DECEMBER 1981 AND $40 TO $70 MILLION IN JANUARY 1982.
RESERVE BALANCES ilTH FEDERAL RESERVE B&3KS {NHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS ilTH 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 REEK PLUS
VAIILT CASH HELD TWO REEKS 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
SORPLOS VAOLT CASH AT DEPOSITORY INSTITUTIONS.

NOTE: HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SECTION. DIVISION OF RESEARCH AND STATISTICS,
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, NASHINGTON, 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
tot«|2

Period

nonborrowad

Monetary

required

millions of dollars
JI982-PER.
BAR.
APR.
BAT
JURE
JOLT
AD 6 .
SEPT.
OCT.
HOY.
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
36,433
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—JAB.
FEB. P

41,862
39,819

41,333
39,236

41,316
39,374

177*9
176.0

40,900
39,327
40,029
39,725

40,517
38,957
39,160
39,249

40,484
39,018
39,416
39,390

17S.5
175.9
176.4
175.9

39,912

39,202

39,345

176.0

REEK EHDlBGs

1983—PEB.

BAB.

~*7

2
9
16
23
2P

icasBHflSS OF DEPOSITORT IHSTITOTIORS SERIES REELECT ACTUAL BESERPE REQ0IREBEBT PEHCEMTAG**: H T * R ' mn
S f ^ o / n ^ i "

1

:

1

"

THE EFFECT

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CH1,GES

CT

IS

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0 D E S RE

IRED

SiSnSfi'SSmS^r•?SAS ;UD" J;
Q°
**S**™S OP BEBBER BARKS AW ESGSICT CORPSRAWOS;
n! 1.S £[S»f6 H 0 ? E H B E B , 3 ' 1 9 8 0 » °TBER DEPOSITORT IHSTITOTIORS.
ORDER THE TRABSITIOHAL PBASE-IW p p o r p i «
OP TBE BOHETART COHTROL ACT OP 1 9 8 0 AHD PROTISIOHS OP THE DEPOSITOR! IHSTITOTIOBS ACT OP 1 9 ^ 2 J S F S S S
CHARGES I B REQOIRED RESERPES OP DEPOSITORT IHSTITOTIORS H l f E BERM I S P O T t n e * .
» » * P T 3 T » » llll'.Jll
^

" C B E A S E OP 4 1 5 0 HILLIOH; AOGOST 1 2 . 1 9 8 2 . I l l ESTIMATED IHCBEASE OF * 1 « 0 H l L I o V

I T I S ESTMATED THAT BEQ0IBBD BESBBTES IEBE LOBEBED O
2/
3/

f l

I

l

0 M

I HJ

H 0 S T

1

M M

tt!

r n« SS 5 f ! S 5

, ! 5

^ « 5 BSTIHATED

B B i , C H E S

° ' *OREIGH BAHKS.

U«» . , "
" ° "
'
" « « S S t « " " " S I « 2 " S lESEBJiBLB^BOcSMESci'rB^S^^oJL81 " D" ^ "
BESEBVE BALAHCES BITH FBDBBAL BESEBTE BAHKS (BHICB BICL0DED BEQ0IBED CLEABIMG B i t » « V . „ » V
IBSTIT0TIOBS BITH BBQ0IBED BBSEBVB BALAHCES PL0S TAOLT C1SH J n n i i * n D»«n?
= ™ "LAHCES) PLUS VAULT CASH AT
IHCL0OES BESEBVE BALAHCES ABO BEQSIBBS CLELIW BILOCES «
reS«m0lSI«2«"SlS«B?IB2.i*^!HM
*"*"°"0«.
VAOLT CASH HELD TBO BEBKS EABLIEB 0SBD TO S A T I S P I BESEBVE R F O S T B F I P U J C .*. ? , ? I S " T H E C 0 B " E H T WEEK PLOS
0
C0BBEHCI O0TSIDB THE U . S . TBEAS0BI. PEDEBAL B K E B » H M "
l l l l l l o t n - o L r ^ " " " M n W I O K PL0S
SOBPL0S VAOLT CASH AT DEPOSIT0BT IHSTITOTIOBS.
'
" ° ' D E P 0 S « ° B * IHSTITOTIOBS, AHD




T 1 9 8 2

SBPTEHBES 1