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v-f w ""FEDERAL RESERVE statistical release H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions total2 non borrowed required Period millions of dollars seasonal l>/ adjusted 3 Monetary base billionsof dollars NCV. Reserves of depository institutions required total2 non borrowed millions of dollars not seasonally adjusted 14 , 1983 Monetary base3 billionsof dollars 1982—OCT. NOV. DEC. 35,361 35,829 36,231 34,890 35,208 35,597 34,963 35,427 35,731 168.8 169.8 171.1 35,424 36,090 36,962 34,946 35,469 36,328 35,020 35,688 36,462 168.7 171.0 174.4 1983—JAN. FEB. HAfi. APB. HAY JUNE JULY AUG. SEPT. OCT. P 35,634 36,100 36,803 37,153 37,129 37,612 37,800 37,694 37,717 37,614 35,104 35,517 36,011 36,144 36,177 35,976 36,347 36,14H 36,276 36,768 35,086 35,664 36,370 36,677 36,680 37,132 37,293 37,247 37,220 37,111 171.9 173-8 176.1 177.3 178.8 180.3 181.1 182.1 183.4 184.5 37,611 35,973 36,056 36,911 36,637 36,787 37,341 37,064 37,386 37,669 37,082 35,390 35,264 35,902 35,685 35,151 35,888 35,518 35,946 36,824 37,063 35,537 35,623 36,435 36,188 36,306 36,833 36,618 36,889 37,167 173*2 171.8 173.6 176.3 177.8 179.6 181.7 181.8 182.9 184.3 MEEK ENDING: 1983—GCT. 5 12 19 26 P 37,757 37,399 37,603 37,825 36,344 36,128 37,026 37,257 37,135 36,670 37,262 37,385 184.1 184.0 184.4 184.9 37,674 36,768 37,945 38,220 36,261 35,497 37,368 37,652 37,052 36,039 37,604 37,780 183.4 184.4 184.8 184.2 NOV. 2 P 9 P 37,489 37,121 37,044 36,078 37,112 36,586 185.1 184.7 37,769 36,971 37,324 35,928 37,392 36,436 184.2 186-0 1/ 2/ 3/ BESEBYE AGGfiEGAlES INCLUDE BEQUIBED BESE8VES OF MEMBEfi BANKS AND EDGE ACT CCBPCBATIONS AND CTHEB DEPCSITOBY INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IMPLEHENTATIOU CF THE JJONETABY COBTBOI ACT, THE INCLUSION OF EDGE ACT CCfiCGfiATION BESEBYES, AND CTHEB CHANGES IN BEGDLATION D HAVE BEEN BEHOVED. BESEBYE BALANCES BITH FEDEBAL BESEfiVE BANKS (BHICH EXCLUDE BEQUIBED CLEABING BALANCES) PLUS VAULT CASE AT INSTITUTIONS H U H BEQOIBED BESEBYE BALANCES PLUS VAULT CASH EQUAL TO BEQUIBED BESEBYES AT C1HEB INSTUDIICNS. INCLUDES BESEBVE BALANCES AND BEQUIBED CLEABING BALANCES AT FEDEBAL BESEBYE BANKS IN THE CUBBBNI SEEK PLUS VAULT CASH HELD ISO WEEKS EABIIEB USED TO SATISFX BESEBYE BEQUIBEMENIS AT ALL DEPOSITCBI INSTITUTIONS ELUS CUBBENCY OUTSIDE THE U.S. TBEASUBX, FEDEBAL BESEBVE BANKS, THE VAULTS OF DEPCSITOBY INSTITUTIONS, AND SUBPLUS VAULT CASH AT DEPCSITCBY INSTITUTIONS. NOTE: H1STOBICAL DATA ABE AVAILABLE FBOM THE BANKING SECTION, DIVISION OF BESEABCH AND STATISTICS, BOABD OF GOVEBNCBS OF THE FEDEBAL BESEBVE SYS1EJ!, 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 institutions 1 tota|2 Period nonborrowed required billions of dollars millions of dollars 1982 — C C I . NCV. DEC. 40,587 41,199 41,853 40,109 40.578 41,219 40,182 4C,797 41,353 173-8 176.0 179.3 198J—JAMFEE. MAR. APR. MAY JUNE JUL* AUG. SEEI. CC1. P 41,864 39,798 38,035 38,650 38,282 38,415 38,948 38,661 37,916 38^21 41,334 39,215 37,24J 37,640 37,330 36,779 37,495 3 7 , 115 36,475 37,281 43,316 39,362 37,602 38,174 37,833 37,934 38,440 38,^14 37,418 3.7,624 177.9 176.0 175.9 178.4 179.8 181.6 183.7 183.8 183.5 184.7 WEEK 1/ 2/ 3/ Monetary base3 ENDING: 1983 — C C i - 5 12 19 26 P 38,156 37,275 38,447 38,602 36,743 36,004 37,870 38,034 37,534 36,5«6 38,106 38,162 183.9 184.9 185-3 184.6 NOV. 2 P 9 P 38,175 37,730 36,342 37,798 36,850 184.6 186.4 37,J85 RESERVES CF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE BEQfllBIMENI PEBCENTAGES ilTH MO A G I S T MENTS TC ELIMINATE IHE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIAIED ilTH THE IBPLEIEITAIION OF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBEB BANKS AND EDGE ACT COfiPGSlTlCMS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS, UNDER IfiB TRANSITIONAL EHASE-IN PRCCEAM OF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPCSITCRY INSIITCTICNS ACT OF 1982, TBE MET CHANGES IN REQUIRED RESERVES CF DEPCSIICBI INSTITUriONS HAVE BEEN AS FCLICMS: .EFFECTIVE NOVEMBER 13, 1980, A REDUCTION CF $2.9 BILLION; FEBRUARY 12, 1S81, AN INCREASE OF $245 MILLION; MARCH 12, 1981, AN INCBEASE OF $75 MILLION; ilAY 14, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION CF $1.1 BILLION; NOVEMBER 12, 1961, AN INCREASE CF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 ttllLIQN; FEBBOARY 11, 1982 AN INCREASE CF $170 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; HAY 13, 1982, All ISTIflAIED INCREASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AS ESTIMATED REDUCTION OF $1.2 BILLICN; CCIOEER 28, 1982, AN ESTIMATED REDUCTION $100 EILULOK; DECEHEEB 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; MARCH 3, 1983, AN ESTIMATED REDUCTION CF $1.9 EILIICN; AND SEPTEMBEB 1, 1983, AH ESTIMATED REDUCTION CF $1.1 BILLION. BEGINNING WITH THE iEEK ENDED DECE«EEB 23m 1981, RESERVE AGGREGATES HAVE BEEN REDUCED bl SHIFTS CF RESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES JIBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND AGENCIES AND fcBANCHES CF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES HERE LOWERED CN AVERAGE BY $60 TO $90 BILLION IN DECEMBER 1981 AND $180 TO $230 MILLION IN JANUARY 1982, MCSTLlt REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TBANSACTICNSBEGINNING WITH IHE KEEK ENDING APRIL 20, 1983, REQUIRED RESERVES kERE REDUCED AS ESTIMATED $80 MILLIOK AS A RESULT OF THE ELIMINATION CF BESERVE REQUIREMENTS ON NONPEBSONAL TIME DEfCSlTS MI1H MATURITIES CF 2-1/2 YEABS TO 3-1/2 YEARS- ALSC, BEGINNING WITH SEEK ENDING OCTOBER 26, 1983, REQUIRED BESEBVES WERE SEDUCED AN ESTIMATED $90 MILLION AS A RESULT OF THE ELIMINATION CF RESERVES REQUIREMENTS CN NCNPERSONAL TIME DEPOSITS H U B MATURITIES OF 1-1/2 YEARS TO 2-1/2 YEARS. RESERVE BALANCES *ITH FEDERAL RESERVE BASKS (WdLCfi EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSIITJTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQOIRED RESERVES AT CTHER INSII1DTICNS. INCLUDES RESERVE tALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE EANKS IN THE CUBRENT WEEK PLUS VAULT CASH HELD T*Q WEEKS EARLIES USED TC SATISFY RESERVE REQUIREMENTS AI ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS CF DE#GSITCRY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
@FedFRASER