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H.3 (502) f Forjmmediate Release "ov Aggregate Reserves and Member Bank Deposits 021979 AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS SEASONALLY ADJUSTED 1978—SEPT OCT. NOV. DEC. i 1979—JAN. FEb. MAR. APR. MAY JUNE JULY AUG. SEPT WEEK ! 1 ! Monetary Basely Nonborrowed Required 38.21 38.38 39.75 41.27 37.15 37.10 39.05 40.40 38.02 38.22 39.53 41.04 136.8 137.8 139.9 142.4 41.48 40.75 40.81 40.65 40.48 40.42 40.82 41.07 41.^6 40.48 39.78 39.82 39.73 38.72 39.00 39.65 39.98 40.12 41.26 40.54 40.66 40.47 40.34 40.20 40.61 40.85 41.27 143.4 143.3 143.9 144.5 144.9 145.6 146.9 148.4 150.1 Total TI IJ;J DEPOSITS SUBJECT TO RESERVE REQUIREMENTS j Period "iiif 1 MEMBER BANK RESERVES j V Time and Savings Total ! | | 1 1 1 607.0 608.9 616.9 616.7 621.1 619.7 61.6.4 618.6 613.9 613.1 618.7 623.7 630.5 i i 1 ! ! Private Demand Deposits Total 416.8 418.3 427.5 429.4 186.2 187.2 187.0 185.1 433.5 436.1 434.1 432.0 428.7 425.9 429.4 434.4 439.8 185.6 181.9 180.5 184.7 183.5 1 84.8 187.5 187.1 189.0 Net Interbank Other U.S. Govt. Demand 176.9 177.0 175.9 175.2 4.0 3.5 2.3 2.3 11.3 175.6 173.8 171.1 174.8 173.7 175.9 177.2 177.3 177.7 1.9 1.8 1.8 1.8 1.7 2.4 1.8 Z.Z 1.8 9.3 10.2 11.1 9.8 10.0 8.1 9.4 9.9 9.8 8.9 10.3 9.9 ENDING: 1979—AUG. 22 29 41.04 41.44 39.65 40.32 41.02 41.07 148.5 149.1 623.6 623.3 434.6 435.6 187.2 186.0 9.7 9.9 177.4 176.1 1.8 1.6 SEPT. 5 12 19 26 41.41 40.93 41.53 41.73 40«07 39.70 39.77 40.57 41.01 40.83 41.33 41.70 150.0 149.2 150.0 150,4 627.5 631.5 631.0 630.8 436.8 433.3 440.4 441.3 188.8 190.1 188.3 188.4 10.2 11.3 11.1 11.3 178.6 178.8 177.4 177.1 1.9 3.0 2.1 1.2 OCT. 3 10 17 P 24 P 41.87 42.00 42.19 41.75 40.75 41.07 40*66 38.79 41.51 41.41 42.19 41.60 151.1 151.2 151 „ 4 150*9 636.3 634.2 640.7 637.7 442.3 443.9 445.6 446.4 192.7 188.7 193.1 189.4 14.2 10.7 15.2 12.6 178.5 178.1 177.9 176.8 1.4 1.5 2.0 1.9 H H M W H B M i——i—m, •••n n SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES. H.3(502) Page 2 Aggregate Reserves and ilember Bank Deposits AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED 1 DEPOSITS SUBJECT TO RESERVE REQUIREMENTS MEMBER BANK RESERVES jJ 1 Period Total Nonborrowed Required Monetary Basei7 Total Private Demand Deposits Time and Savings U.S. Govt. Total Net 1 Other Demand Interbank | WEEK 4.6 3.0 2.0 2.5 191.5 178.2 177.5 186.8 179.2 183.9 187.8 1 184.5 187.5 10.6 7.9 9.1 9.7 9.2 8.9 10.4 9.8 11.3 180.9 1.9 170.3 168.4 177.1 170.1 175.0 177.4 174.8 176.3 1.8 1.9 2.0 1.8 2.8 1.6 1.7 2.1 434.1 ^35.5 184.2 181.2 9.6 9.7 174.6 171.5 1.6 1.3 623.3 630.3 632.2 625.7 436.7 438.0 439.4 440.8 185.3 190.2 189.7 183.2 8.9 11.4 11.6 10.7 176.4 1.3 2.1 3.2 1.7 639.3 634.9 642.0 635.4 443.2 445.1 445.8 446.2 194.4 188.5 194.7 187.7 16.6 10.3 14.6 12.5 177.8 178.2 180.0 175.2 627.1 614.3 614.3 621.1 610.9 613.9 619.2 620.4 629.0 433.8 434.2 434.9 432.3 429.8 427.2 429.8 434.1 439.4 148.4 148.0 619.9 0I8.O 40.49 40.10 40.72 41.52 149.7 149.0 149.2 149.1 41.77 40.72 42.57 41.53 150.3 151.2 151.9 150.5 37.61 38.22 39.42 41.45 136.2 137.5 140.5 144.6 43.08 40.70 40.22 40.72 40.24 40.10 40.92 40.72 41.05 42.08 39.73 39.23 39.81 38.47 38.69 39.75 39.63 39.71 42.87 40.49 40.06 40.55 40.10 39.88 40.71 40.49 40.86 144.4 141.9 142.3 144.2 144.4 145.6 147.9 148.4 149.4 40.66 41.11 39.27 39.99 40.64 40.74 5 12 19 26 40.89 40.19 40.92 41.55 39.55 38.96 39.16 40.39 3 10 42.12 41.31 42.57 41.68 41.01 40.38 41.04 38.72 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. 175.4 176.8 176.6 181.5 416.6 418.5 425.2 429.6 36.75 37.10 '38.94 40.81 ! 9.3 10.1 11.4 10.4 605.9 608.4 615.1 624.0 37.81 38.38 39.65 41.68 1978—SEPT OCT. NOV. DEC. 1 1 ' 184.7 186.9 188.0 191.9 ENDING: 1 9 7 9 — A U G . 22 29 SEPT. OCT. 17 P 24 P 1 178.8 178.1 172.5 1 1.8 1.3 1.6 P — PRFLIMINARY 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 3 E G I N N I N G NOVEMBER 1 6 , 1 9 7 8 . mrrrnrv rr.^% 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES I N THE CURRENT 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 S E C T I O N , D I V I S I O N OF RESEARCH AMD S T A T I S T I C S , BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D . C . 2 0 5 5 1 . Page 3 H.3 (502) Aggregate Reserves and Monetary Base Adjusted for Changes in Reserve Requirements jy Averages of Daily Figures, in Millions of Dollars | SEASONALLY ADJUSTED NOT SEASONALLY ADJUSTED MEMBER BANK RJs" ERVES Period MEMBER BANK RESERVES Monetary Base Total Nonborrowed Total 1978—SEPT. OCT. NOV. DEC. 41,497 41,674 41,573 41,572 40,437 40,397 40,870 40,703 41,305 41,512 41,351 41,339 140,115 141,052 141,749 142,682 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. 41,767 41,028 41,100 40,910 40,749 40,697 41,127 41,375 41,771 40,764 40,055 40,109 39,993 38,984 39,279 39,957 40,290 40,430 41,552 40,819 40,942 40,734 40,607 40,476 40,917 41,154 41,581 22 29 41,333 41,745 39,947 40,628 41,319 41,375 5 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 3 10 17 P 24 P 42,177 42,324 42,527 42,063 41,058 41,386 40,997 39,103 41,820 41,730 42,526 41,912 WEEK Nonborrowed Required 41,090 41,672 41,461 41,979 40,030 4 0 , 3 95 40,758 41,111 40,897 41,510 41,239 41,747 139,458 140,810 142,327 144,879 143,688 143,619 144,178 144,749 145,129 145,877 147,240 148,725 150,420 43,368 40,978 40,502 40,988 40,505 40,381 41,221 41,021 41,362 42,366 40,005 39,512 40,071 38,740 38,963 40,050 39,936 40,021 43,15* 40,769 40,344 40,812 40,364 40,160 41,010 40,800 41,172 1*4,717 142,140 142,621 144,453 144,704 145,895 148,231 148,689 149,735 148,837 149,417 40,952 41,415 39,566 40,298 40,938 41,045 148,718 148,333 150,373 149,503 150,303 150,702 41,248 40,481 41,217 41,859 39,908 39,251 39,455 40,700 40,843 40,383 41,020 41,833 150,028 149,320 149,494 149,415 151,375 151,544 151,752 151,205 42,433 41,634 42,910 41,994 41,314 40,696 41,380 39,034 42,076 41,040 42,909 41,843 1 ENDING: 1979—AUG. SEPT. 12 19 OCT. 1/ Monetary Base Required I 1 j 150,622 151,569 152,280 150,761 RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS AND CHANGES IN OTHER RESERVE ^ U c ^ ^ T ^ G U ^ n ^ ; ^ H ™ * 1 ^ D A T A M D A DESCRIPTI0N OF THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551
@FedFRASER