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F E D E R A L

R E S E R V E

statistical

rglease

+*&
j For Immediate Release

Aggregate Reserves and Member Bank Deposits^ >.

'ffillf 1979

AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
SEASONALLY ADJUSTED
'A,f
DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES . l /
Monetary
Period
Total

Nonborrowed

"»t'\

Private Demand Deposits

Base U

Required

Time and
Savings

Total

U.S. Govt.
Total

Net

Other

Demand

Interbank

MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

i
!

1 9 7 9 — JAN.
FEB.
MAR.
APR. P

36.93
37.27
37.63
38.11
37.93
38.21
38.38
39.75
41.27

36.38
36.06
36.53
36.80
36.79
37.15
37.10
39.05
40.40

36.79
37.05
37.45
37.92
37.77
38.02
38.22
39.53
41.04

131.4
132.6
133.5
134.7
135.3
136.8
137.8
139.9
142.4

585.8
591. 5
595.8
600.5
602.7
607.0
60.8.9
616.9
616.7

41.48
40.75
40.81
40.67

40.48
39.78
39.82
39.76

41.26
40.54
40.66
40.47

143.4
143.3
143.9
144.5

!

400.7
405.1
407.4
410.8
413.0
416.8
418.3
427.5
429.4

181.8
183.6
184.6
186.1
186.5
186.2
187.2
187.0
185.1

10.8
11.5
11.2
11.4
11.2
9.3
10.2
11.1
9.8

171.0
172.1
173.4
174.7
175.2
176.9
177.0
175.9
175.2

3.3
2.7
3.8
3.6
3.3
4.0
3.5
2.3
2.3

621.1
619.7
616.4
618.7

433.5
436.1
434.1
431.9

185.6
181.9
180.5
184.9

10.0
8.1
9.4
10.1

175.6
173.8
171.1
174.8

1.9
1.8
1.8
1.9

j

1

WEEK FNOING:
1979—FEB.

28

40.13

39.04

40.04

143.0

620.7

437.2

182.1

8.9

173.2

1.4

MAR.

7
14
21
28

41.29
40.74
40.95
40.30

40.26
39.86
39.92
39.22

41.08
40.64
40.80
40.22

144.4
143.6
144.0
143.6

620.7
616.6
616.3
613.5

435.9
435.1
433.3
432.7

182.8
180.1
180.8
179.3

9.1
9.1
9.7
9.3

173.7
170.9
171.1
170.1

2.0
1.5
2.2
1.5

APR.

4
11
18
25 P

40.77
40.12
40.98
40.50

39.90
39.49
40.03
39.51

40.38
39.96
40.77
40.35

144.5
143.5
144.7
144.4

618.6
617.1
621.2
618.0

432.a
432.9
431.8
431.6

183.9
182.0
187.3
185.0

12.3
9.5
10.4
9.3

171.7
172.6
176.9
175.8

2.4
2.2
2.2
1.3

2 P

41.19

39.97

41.02

145.3

617.0

431.1

184.4

9.8

174.6

1.5




MAY

|

SEE REVERS E S I D E FOR E XPLANATION 13F FOOTNOTES .

H.$(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED

|

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES jJ
Monetary

Period
Total

Nonborrowed

BaseiV

Required

Total

Private Demand Deposits

Time and
Savings

Net

Total

U.S. Govt.
Demand

Other

Interbank
1978—APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
NOV.
DEC.

36.97
37.08
37.30
38.25
37.57
37.81
38.38
39.65
41.68

36.41
35.87
36.21
36.93
36.43
36.75
37.10
38.94
40.81

36.82
36.86
37.13
38.05
37.40
37.61
38.22
39.42
41.45

43.08
40.70
40.22
40.75

42.08
39.73
39.23
39.83

39.73

183.8
179.3
183.7
186.4
183.9
184.7
186.9
188.0
191.9

10.6
10.8
11.1
11.5
11.1
9.3
10.1
11.4
10.4

173.3
168.5
172.6
174.9
172.8
175.4
176.8
176.6
181.5

3.6
2.9
4.5
3.2
2.5
4.6
3.0
2.0
2.5

191.5
178.2
177.5
187.0

10.6
7.9
9.1
9.9

180.9
170.3
168.4
177.1

1.9
1.8
1.9
2.1

434.9

176.8

8.8

168.0

1.5

616.9
614.4
614.7
610.2

435.0
435.4
434.3
434.8

180.1
177.5
177.4
173.9

9.1
8.6
9.1
8.8

171.1
168.9
168.4
165.2

143.2
143.5
145.4
143.8

623.1
621.5
626.3
617.8

435.3
434.6
431.6
430.4

186.0
185.4
191.7
185.7

13.8
9.4
10.1
8.5

172.2
176.0
181.7
177.2

1.8
1.4
2.9
1.7

144.7

615.9

429.9

183.9

9.3

174.6

2.1

131.1
132.2
133.5
135.7
135.2
136.2
137.5
140.5
144.6

588.6
588.3
596.8
600.6
599.2
605.9
608.4
615.1
624.0

401.2
406.1
408.6
411.1
412.8
416.6
418.5
425.2
429.6

42.87
40.49
40.06
40.55

144.4
141.9
142.3
144.2

627.1
614.3
614.3
621.3

433.8
434.2
434.9
432.2

38.64

39.64

140.4

613.3

40.39
39.95
40.49
39.94

39.37
39.07
39.47
38.86

40.19
39.85
40.35
39.86

142.6
142.2
142.6
141.6

4
11
18
25 P

40.43
39.45
41.35
40.87

39.56
38.82
40.40
39.88

40.04
39.29
41.14
40.72

2 P

41.83

40.61

41.65

1
1

1979—JAN.
FEB.
MAP.
APR. P

1

1

1
j

WEEK E N D I N G :

1 9 7 9 — F E B . 28
MAR.

APR.

MAY

7
14
21
28

i
j

1

I

1.8
1.6
2.9
1.4

M - PKbUMlNAUY
1/
MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO E L I M I N A T E THE EFFECT OF
CHANGES I N REGULATION D AND M. EFFECTIVE NOVEMBER 2 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON T I M E DEPOSITS OF $ 1 0 0 , 0 0 0 OR MORE. T H I S ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 B I L L I O N I N THE WEEK
BEGINNING NOVEMBER 1 6 , 1 9 7 8 .
2/
INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES I N THE CURREMT WEEK PLUS VAULT CASH HELD TWO WEEKS E A R L I E R ) ; CURRENCY
OUTSIDE THE U . S . TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS.
NOTE:
BACK DATA ARE AVAILABLE FROM THE BANKING SECTION,
RESERVE I t f S T E M , WASHINGTON, D . C . 2 0 5 5 1 .




DIVISION

OF RESEARCH AND S T A T I S T I C S ,

BOARD OF GOVERNORS OF THE FEDERAL