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FEDERAL RESERVE statistical release H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Mujusiea Tor cnanges in reservre requirements' Averages of daily figures Reserves of depository institutions Period I tota|2 non borrowed I required millions of dollars seasonally adjusted - • ; 1982—APR. HAT 23 , [ Monetary base3 billions of dollars Reserves of depository institutions total2 ' non borrowed required millions of dollars not seasonally adjusted 1983 Monetary base3 billions of dollars 38,657 38,773 38,955 39,007 39,205 39,656 39,932 40,(108 (10,783 37,089 37,656 37,750 38,315 38,690 38,723 39,454 39,787 40,149 38,384 38,414 38,647 38,693 38,893 39,273 39,528 40,006 40,283 166.8 168.2 169.3 169.9 170.9 172.1 173.2 174.3 175.6 38,427 38,284 38,164 38,530 38,609 39,356 39,997 40,679 41,560 36,859 37,167 36,960 37,838 38,093 38,423 39,519 40,058 40,926 38,154 37,925 37,856 38,216 38,296 38,973 39,592 40,277 41,059 166.0 167.3 168.5 170.4 170.7 171.7 173.2 175.4 178.9 4 0 , 119 40,341 41,003 41,304 39,589 39,758 40,211 40,301 39,570 39,905 40,570 40,827 176.3 178.0 180.2 181.2 42*216 40,227 40,230 41,049 41,687 39,644 39,439 40,047 41,668 39,791 39,797 40,573 177.7 175.9 177.7 180.3 6 U 20 27 41,264 40,977 41,722 41,114 39,507 40,402 41,065 39,952 40,632 40,414 41,503 40,655 180.8 180.6 181.7 181.3 40,223 40,036 41,858 41,543 38,466 39,461 41,201 40,381 39,591 39,473 41,639 41,084 179.8 180.0 181.0 179.7 4 P If P 18 P 41,613 40,823 41,118 40,685 40,114 40,044 41,007 40,388 40,750 182.5 181.9 182.9 42,030 40,411 40,553 41,102 39,702 39,479 41,424 39,976 40,185 181.7 181.9 181.9 HAY JUNE JUL I AUG. SEPT. OCT. NOV. DEC. 1983—JAN. FEB. HAfi. APB. P NEEK ENDING: 1 9 8 3 — APB. HA*. V 2/ RJSSEBVE AGGBEGATES INCLUDE BEQUIBBD BESEBVES OP HEABEB BANKS AND EDGE ACT COBPOBATIOHS AND OTHER DEPOSITOBI INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IHPLEflEHTATION OP THE MONETABY CONTBOL ACT, THE INCLUSION OP EDGE ACT CORPORATION BESEBVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN BEHOVED. BESEBVE BALANCES NITH PEDEBAL RESERVE BhUKS (WHICH EICLODE BBQOIBED CLEABING BALANCES) PLOS VAULT CASH AT INSTITUTIONS WITH BEQUIBBD BESEBVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHBB INSTITUTIONS. INCLUDES BESEBVE BALANCES AND BEQUIBBD CLEABING BALANCES AT FEDERAL BESEBVE BANKS IN THE CUBBBNT REEK PLUS VAULT CASH HELD THO WEEKS EABLIBB USED TO SATISPI BESEBVE REQUIREMENTS AT ALL DEPOSITOBI INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TBEASUBY, PEDEBAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITCBY INSTITUTIONS. NOTE: HISTOBICAL DATA ABB AVAILABLE FROM THE BANKING SECTION, DIVISION OP BESEABCH AND STATISTICS, BOABD OP GOVEBNGBS OF THE PEDEBAL BESEBVE SISTEM, 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 Period total2 nonborrowed required Monetary base3 millions of dollars ___ 1982—APB. BAT JOIE JOLT AOG. SEPT. OCT. BOY. DEC. 39,557 39,550 39,565 39,967 40,178 39,962 40,587 41,199 41,853 37,989 38,433 38,360 39,275 39,662 39,028 40,109 40,578 41,219 39,284 39,191 39,257 39,653 39,666 39,578 40,182 40,797 41,353 167.6 169.1 170.5 172.4 172.8 172.4 173.8 176.0 179.3 1983—JAB. FEB. BAB. API. P 41,864 39,798 38,035 38,651 41,334 39,215 37,244 37,648 41,316 39,362 37,602 38,175 177.9 176.0 175.9 178.4 6 13 20 27 37,928 37,728 39,389 39,071 36,171 37,153 38,732 37,909 37,296 37,165 39,170 38,612 178.0 178.2 179.0 177.7 4 P 11 P 18 P 39,550 38,003 38,132 38,622 37,294 37,058 38,944 37,568 37,764 179.7 180.0 180.0 BBBK BIDING: 1963— APB. BAY. 1/ 2/ 3/ BESEBVES OF DBPOSITOBY IBSTITUTIOIS SEBIBS BEFLECT ACTUAL BBSBBYB BEQUIBBHBBT PBBCEITAGBS WITH 10 ADJUSTBEITS TO ELIMINATE THE EFFECT OI CHAIGES II BEGOLATIOI 0, INCLUDING CBAIGBS ASSOCIATED IITB T8B IMPLEMENTATION OF TBE BOIETABY COITBOL ACT. IICLUDBS BBQUIBED BESBBYBS OF MEMBEB BAIKS AID EDGB ACT COBPOBATIOIS AID, BEGIBIIIG IOYEBBEB 13, 1980, OTHEB DEPOSITORY IBSTITUTIOIS. UIDEB TBE TBAISITIOIAL PBASE-II PBOCBAH OF THE BOIETABY CCITBOL ACT OF 1980 AID PROVISIONS OF TBE DBPOSITOBY IBSTITUTIOIS ACT OF 1982, TBE IBT CBAIGES IB BBQUIBED BESEBVES OF DBPOSITOBY IBSTITUTIOIS BAVB BEEB AS FOLLOWS; EFFECTIVE BOVEBBBB 13, 1980, A BEDUCTIOI OF $2.9 BILLION; FEBBUABY 12, 1981, Al IICBEASB OF $245 MILLION; flABCH 12, 1981, Al INCREASE OF $75 BILLION; BAY 14, 1981, Al IICBEASB OF $245 HILLIOB; SBPTBBBBB 3, 1981, A BEDUCTIOI OF $1.1 BILLIOB; IOYEBBEB 12, 1981, Al IICBEASE OF $210 BILLION; JAIUABY 14, 1982, A fiEDUCTION OF $60 BILLION; FEBBUABY 11, 1982 Al IICBEASB OF $170 BIILIOI; flABCH 4, 1982, Al BSTIBATED BEDUCTIOI OF $2.0 BILLIOB; BAY 13, 1982, AB ESTIBATED IICBEASE OF $150 BILLION; AUGUST 12, 1982, Al ESTIBATED IBCBEASB OF $140 BILLIOB; SBPTEHBEB 2, 1982, AB ESTIBATED BEDUCTIOI OF $1.2 BILLIOB; OCTOBER 28, 1982, AN ESTIBATBD BEDUCTIOI $100 BILLIOB; DECEMBER 23, 1982, Al ESTIBATED BEDUCTIOI OF $800 HILLION; AID flABCH 3, 1983, Al BSTIBATBD BEDUCTIOI OF $1.9 BILLION. BBGIIBIIG WITH THE HEEK ENDED DECEMBER 23, 1981, BESEBVE AGGREGATES HAVE BEEB BEDUCED BY SHIFTS OF BESEBYABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). 01 THE BASIS OF BEPOBTS OF LIABILITIES TBAISFEBBED TO IBPS BY U.S. COBHEBCIAL BANKS ABD AID AGENCIES AID BRANCHES OF fOHEIGI BAIKS, IT IS ESTIBATED THAT BBQUIBED RESERVES NEBE LOBEBED 01 AVEBAGB BY $60 TO $90 HILLION IN DECEMBER 1981 AID $180 TO $230 HILLION IN JANUARY 1982, HOSTLT REFLECTING A BEDUCTIOI II BESEBVABLB EUROCURRENCY TRANSACTIONS. ALSO, BEGINNING WITH THE HEEK ENDING APRIL 20, 1983, REQUIRED RESERVES HEBE REDUCED AN ESTIBATED $80 MILLIOI AS A BESULT OF THE ELIMINATION OF BESEBVE BEQUIBEHENTS OH NONPEBSONAL TIME DEPOSITS WITH MATURITIES OF 2-1/2 YEABS OB HOBB TO LESS THAI 3-1/2 YEABS. BESEBVE BALAICBS NITH FEDEBAL RESERVE BANKS (WHICH EXCLUDED BEQUIBED CLEARING BALANCES) PLUS VAULT CASH AT IBSTITUTIOIS WITH BEQUIBED RESERVE EALAICES PLUS VAULT CASH EQUAL TO BEQUIBED BESEBVES AT OTHEB IBSTITUTIOIS. INCLUDES BESEBVE BALANCES AID BEQUIBED CLEARING BALANCES AT FEDEBAL BESEBVE BAIKS IN THE CUBBBHT WEEK PLUS VAULT CASH HELD TWO WEEKS EARIIER USED TO SATISFY BESEBVB BEQUIBEHENTS AT ALL DBPOSITOBY IBSTITUTIOIS PLUS CURREBCY OUTSIDE THE U.S. TBEASUBY, FEDEBAL RESERVE BANKS, THE VAULTS OF DEPOSITOBY INSTITUTIONS, AID SURPLUS VAULT CASH AT DEPCSITCBY INSTITUTIONS.
@FedFRASER