The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
M i ^ & FEDERAL R • » & * statistical release H.3 (502) For Immediate Release Table 1 MAY 1 7 , AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements! Averages of daily figures Reserves of depository institutions total2 non borrowed required Period millions of dollars seasonal h/ adjusted Monetary base3 billions of dollars Reserves of depository institutions required total2 non borrowed millions of dollars not seasonally adjusted 1982 IvTonetary base3 billions of dollars 1981—APR. MAY JUNE JULY AUG. SEPT. OCT. NOV, DEC. 39,410 39,627 39,619 39,727 39,810 40,312 40,118 40,150 40,527 38,073 37,399 37,582 38,048 38,390 38,855 38,937 39,487 39,891 39,241 39,370 39,281 39,387 39,518 39,898 39,840 39,805 40,208 160.8 161.4 161.7 162.5 162.9 163.7 163.8 164.3 165.8 39,273 39,310 39,053 39,636 39,479 40,087 40,219 40,332 41,263 37,935 37,083 37,016 37,957 38,060 38,630 39,038 39,669 40,626 39,104 39,053 38,715 39,296 39,187 39,673 39,941 39,987 40,943 159.9 160.8 161-2 163.3 163.2 163.3 163.8 165.6 168.9 1982—JAN. FEB. MAR. APE. P 41,277 40,927 41,089 41,185 39,759 39,137 39,533 39,617 40,859 40,623 40,728 40,905 167.4 167.9 168.5 169.8 42,696 40,735 40,533 41,090 41,178 38,946 38,977 39,522 42,278 40,432 40,172 40,80S 168.5 166.1 166.5 168.9 1982—APR. 7 14 21 P 28 P 40,763 40,708 41,622 41,514 39,283 39,373 39,969 39,692 40,491 40,390 41,451 41,205 169.1 168.8 170.1 170.5 39,925 40,184 41,985 41,981 38,445 38,849 40,332 40,159 39,653 39,866 41,814 41,672 168.0 168.9 169.6 168.8 MAY 5 P 12 P 41,650 40,955 40,150 39,835 41,194 40,659 170.6 169.7 42,082 40,676 40,582 39,556 41,626 40,380 170.4 169.9 WEEK E N D I N G : p - PRELIMINARY V 2/ 3/ RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVES 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 U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BY $10 TO $20 MILLION IN DECEMBER 1981 AND $40 TO $70 MILLION IN JANUARY 1982. RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE 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 FEEERAL 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. NOTE: HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL 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 1981—APR. NAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. 40,333 40,516 40,442 41,007 41,023 40,591 40,711 40,948 41,924 38,995 38,288 38,405 39,328 39,604 39,134 39,531 40,285 41,287 40,164 40,258 40,104 40,667 40,731 40,177 40,433 40,604 41,604 161.6 162.6 163.3 165.4 165.4 163.9 164.3 166.3 169.7 1982—JAN. FEB. MAR. APR. P 43,203 41,286 39,234 39,564 41,685 39,496 37,678 37,996 42,784 40,982 38,873 39,284 169.1 166.8 165.4 167.6 7 14 21 P 28 P 38,435 38,697 40,418 40,420 36,955 37,362 38,765 38,598 38,163 38,379 40,247 40,111 166.7 167.6 168.3 167.5 5 P 12 P 40,567 39,203 39,067 38,083 40,111 38,907 169.1 168.7 WEEK ENDING: 1982—APR. MAY 1/ RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESEJRVE REQUIBEMENT 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, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980, A REDUCTION OF $2.8 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; AUGUST 13, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.3 BILLION; NOVEMBER 19, 1981, AN INCREASE OF $220 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLION; FEBRUARY 11, 1982 AN INCREASE OF $220 MILLION; AND MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 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 U.S. 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 IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TRANSACTIONS. 2/ RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEANING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. 3/ 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