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FEDERAL RESERVE statistical r e l e a s t e *"?^mty r-'iiy For Immediate R * I M M H.3 (502) Aggregate Reserves and Member Bank Deposits NOV. 16,1979 Averages of Daily Figures, in Billions of Dollars Seasonally Adjusted | DEPOSITS SUBJECT TO RESERVE REQUIREMENTS MEMBER BANK RESERVES jJ Monetary Period Nonborrowed Total BaseiV Required 1978—OCT. NOV. DEC. 38.38 39.75 41.27 37.10 39.05 40.40 38.22 39.53 41.04 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. P 41.48 40.75 40.81 40.65 40.48 40.42 40.82 41.07 41.46 42.32 40.48 39.78 39.82 39.73 38.72 39.00 39.65 39.98 40.12 40.29 26 41.41 40.93 41.53 41.73 3 10 17 24 31 P 41.87 42.00 42.19 41.75 43.50 7 P 42.84 Total Time and. Savings Private Demand Deposits Total Net Demand Other Interbank 137.8 139.9 142.4 608.9 616.9 616.7 418.3 427.5 429.4 187.2 187.0 185.1 10.2 11.1 41.26 40.54 40.66 40.47 40.34 40.20 40.61 40.85 41.27 42.04 143.4 143.3 143.9 144.5 144.9 145.6 146.9 148.4 150.1 151.6 621.1 619.7 616.4 618.6 613.9 613.1 618.7 623.7 630.5 639.0 433.5 436.1 434.1 432.0 428.7 425.9 429.4 434.4 439.8 445.6 185.6 181.9 180.5 184.7 183.5 184.8 187.5 187.1 189.0 191.7 10.0 40.07 39.70 39.77 40.57 41.01 40.83 41.33 41.70 150.0 149.2 150.0 150.4 627.5 631.5 631.0 630.8 436.8 438.3 440.4 441.3 40.75 41.07 40.66 38.79 40.45 41.51 41.41 42.19 41.60 43.17 151.1 151.2 151.4 150.9 153.1 636.3 634.3 640.9 637.6 637.7 42.36 I52 6 643.8 1 U.S. Govt. 177.0 175.9 175.2 3.5 2.3 2.3 11.3 14.0 175.6 173.8 171.1 174.8 173.7 175.9 177.2 177.3 177.7 177.7 1.9 1.8 1.8 1.8 1.7 2.4 1.8 2.2 1.8 1.8 188.8 190.1 188.5 188.4 10.2 11.3 11.1 11.3 178.6 178.8 177.4 177.1 1.9 3.0 2.1 1.2 442.2 443.9 445.5 446.4 448.0 192.7 188.8 193.4 189.3 187.9 14.0 10.6 15.5 13.0 12.2 178.6 178.2 177.9 176.3 175.7 1.4 1.5 2.0 1.9 1.9 450.1 191.5 13.6 178.0 9.8 8.1 9.4 9.9 9.8 8.9 10.3 9.9 WEEK E N D I N G : 1979-SEPT. OCT., NOV. 5 12 19 | 40.91 ! i ' SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES. 2.2 1 • • H.»(502) Page 2 Aggregate Reserves and Member Bank Deposits AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED mmmmmmmmmmmmmm—m MEMBER BANK RESERVES _ l / DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Monetary Period Total Nonborrowed Basel/ Required Total Private Demand Deposits Time and Savings 1978—OCT. NOV. DEC. 38.38 39.65 41.68 37.10 38.94 40.81 38.22 39.42 41.45 137.5 140.5 144.6 608.4 615.1 624.0 418.5 425.2 429.6 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. P 43.08 42.08 1*4.4 142.3 144.2 144.4 145.6 147.9 148.4 149.4 151.3 627.1 614.3 614.3 621.1 610.9 613.9 619.2 620.4 629.0 638.6 433.8 434.2 434.9 432.3 429.8 427.2 429.8 434.1 439.4 445.7 Total ! Net Interbank Other U.S. Govt. Demand 186.9 188.0 191.9 10.1 11.4 10.4 176.8 176.6 181.5 3.0 2.0 2 191.5 178.2 177.5 186.8 179.2 183.9 187.8 184.5 187.5 191.4 10.6 11.3 13.9 180.9 170.3 168.4 177.1 170.1 175.0 177.4 174.8 176.3 177.5 1.9 1.8 1.9 2.9 1.8 2.8 1.6 1.7 2.1 1.6 1.3 2.1 -* 40.72 40.24 40.10 40.92 40.72 41.05 42.28 39.23 39.81 38.47 38.69 39.75 39.63 39.71 40.26 42.87 40.49 40.06 40.55 40.10 39.88 40.71 40.49 40.86 42.00 5 12 19 26 40.89 40.19 40.92 41.55 39.55 38.96 39.16 40.39 40.49 40.10 40.72 41.52 149.7 149.0 149.2 149.1 623.3 630.3 632.2 625.7 436.7 438.0 439.4 440.8 185.3 190.2 189.7 183.2 11.4 11.6 10.7 176.4 178.8 178.1 172.5 l.t 3 10 17 24 31 P 42.12 41.31 42.57 41.68 43.62 41.01 40.38 41.04 38.72 40.57 41.77 40.72 42.57 41.53 43.28 150.3 151.2 151.9 150.5 151.9 639.3 635.0 642.3 635.3 634.6 443.1 445.1 445.7 446.2 447.0 194.4 188.6 195.0 187.6 186.1 16.5 10.2 15.0 12.8 11.8 177.9 178.4 180.0 174.7 174.2 1.8 1.3 1.6 1.3 1.5 7 P 42.58 40.65 642.7 447.4 193.4 14.8 178.5 2.0 1 40.22 | | 1 7.9 9.1 9.7 9.2 8.9 10.4 9.8 WEEK E N O I N G : 1979-SEPT. OCT. NOV. 42.11 i i 152.7 1 1 8.9 3.a IIM P - PRELIMINARY 1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION 0 ANO M. EFFECTIVE NOVEMBER 2 , 1978, A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS IMPOSEO ON TIME DEPOSITS OF $100,000 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 BILLION IN THE WE&C BEGINNING NOVEMBER 1 6 , 1 9 7 8 . EFFECTIVE OCTOBER 1 1 , 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSEO ON "MANAGED L I A B I L I T I E S " . ON OCTOBER 2 5 , 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED I N MEMBER BANK RESERVES. IN TNi WEEK BEGINNING OCTOBER 2 5 , 1979, THESE ACTIONS RAISED REQUIRED RESERVES $320 ANO $318 MILLION, RESPECTIVELY. 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS ANO THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS. NOTE: BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARO OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 2 0 5 5 1 . • H.3 (502) Page 3 Aggregate Reserves and Monetary Base Adjusted for Changes in Reserve Requirements j / Averages of Daily Figures, in Millions of Dollars | SEASONALLY ADJUSTED MEMBER BANK RESERVES P«rtod | | Monetary Base Total Nonborrowed Required MOT SEASONALLY ADJUSTED MEMBER BANK RESERVES Monetary Base Total Nonborrowed Required 1978—OCT. NOV. DEC. 41,674 41,573 41,572 40,397 40,870 40,703 41,512 41,351 41,339 141,052 . 141,749 142,682 41,672 41,461 41,979 40,395 40,758 41,111 41,510 41,239 41,747 1979—JAN« FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. P 41,028 41,100 40,910 40,749 40,697 41,127 41,375 41,771 42,492 40,055 40,109 39,993 38,984 39,279 39,957 40,290 40,430 40,468 40,819 40,942 40,734 40,607 40,476 40,917 41,154 41,581 42,213 143,619 144,178 144,749 145,129 145,877 147,240 148,725 150,444 151,776 43,368 40,978 40,502 40,988 40,505 40,381 41,221 41,021 41,362 42,457 42,366 40,005 39,512 40,071 38,740 38,963 40,050 39,936 40,021 40,433 43,154 40,769 40,344 40,812 40,364 40,160 41,010 40,800 41,172 42,178 5 12 19* 26 41,764 41,216 41,830 42,041 40,424 39,986 40,068 40,882 41,359 41,118 41,633 42,015 150,373 149,503 150,303 150,702 41,248 40,481 41,217 41,859 39,908 39,251 39,455 40,700 40,843 40,383 41,020 41,833 3 10 . 17 24 P 31 P 42,177 42,324 42,530 42,063 43,185 41,058 41,386 41,000 39,103 40,129 41,820 41,730 42,529 41,912 42,848 151,375 151,539 151,751 151,208 152t794 42,433 41,634 42,910 41,994 43,302 41,314 40,696 41,380 39,034 40,246 42,076 41,040 42,909 41,843 42,965 150,622 151,564 152,277 150,765 151,588 7 P 42,635 40,707 42,163 152,390 42,380 40,452 41,908 152,469 ! | , 140,810 142,327 144,879 i 1 144,717 142,140 142,621 144,453 144,704 145,895 148,231 148,689 149,758 151,476 WEEK ENDING! 1979-IEPT. OCT. NOV. m i| 1/ " ' 1 !1 150,028 149,320 149,494 149,415 ' RESERVE AGGREGATES SERIES HAVE 8EEN ADJUSTED TO REMOVE DISCONTINUITIES ASS0C1ATE0 WITH MARGINAL RESERVE REQUIREMENTS* THE INCLUSIONS OF EOGE ACT CORPORATION RESERVES, ANO OTHER CHANGES IN REGULATIONS 0, K ANO M. HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH ANO STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551,
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