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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 Period total2 | nonborrowed I required millions of dollars seasonal h/ adjusted ] Monetary base3 billions of dollars HO?. 2 1 , 1983 Reserves of depository institutions totaiz nonborrowed required millions of dollars not seasonally adjusted Monetary base3 billions of dollars 1982—OCT. NOV. DEC. 35,367 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. HAS. APR. HAT JUHE JOLT AUG. SEPT. OCT. P 35,634 36,100 36,803 37,153 37,129 37,612 31,800 37,694 37,717 37,620 35,104 35,517 36,011 36,144 36,177 35,976 36,347 36,148 36,276 36,776 35,086 35,664 36,370 36,677 36,680 37,132 37,293 37,247 37,220 37,115 171.9 173.8 176.1 177.3 178.8 180.3 181.1 182.1 183.4 184.5 37,611 35,973 36,056 36,911 36,637 36,787 37,341 37,064 37,386 37,676 37,082 35,390 35,264 35,902 35,685 35,151 35,888 35,518 35,946 36,831 37,063 35,537 35,623 36,435 36,188 36,306 36,833 36,618 36,889 37,171 173.2 171.8 173.6 176.3 177.8 179.6 181.7 181.8 182.9 184.3 5 12 19 26 37,757 37,399 37,603 37,855 36,344 36,128 37,026 37,290 37,135 36,670 37,262 37,401 184.1 184.0 184.4 184.9 37,674 36,768 37,945 38,250 36,261 35,497 37,368 37,685 37,052 36,039 37,604 37,796 183.4 184.4 184.8 184.2 2 P 9 P 16 P 37,489 37,181 37,267 37,044 36,138 36,243 37,112 36,580 36,636 185.1 185.0 185.6 37,769 37,031 37,612 37,324 35,988 36,588 37,392 36,430 36,981 184.2 186.2 187.1 WEEK ENDING: 1983—OCT. NOV. 1/ 2/ 3/ RESERVE AGGREGATES INCLODE REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY INSTITUTIONS. DISCONTINUITIES ASSOCIATED HITH THE IMPLEMENTATION OF THE HOHETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN BEHOVED. RESERVE BALANCES HITH FEDERAL RESERVE BANKS (HHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS HITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT HEEK PLUS VAULT CASH HELD THO HEEKS EARLIER USED TO SATISFY RESERVE REQUIREHENTS 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 FROH THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, HASHINGTON, 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 Monetary base3 required millions of dollars __ billions of dollars 1982—OCT, NOV, DEC. 40,587 41,199 41,853 40,109 40,578 41,219 40,182 40,797 41,353 173.8 176.0 179.3 1983—JAN. FEBBAfi. APR. BAT JONE JOLT AOG. SEPT. OCT. P 41,864 39,798 38,035 38,650 38,282 38,415 38,948 38,661 37,916 38,133 41,334 39,215 37,243 37,640 37,330 36,779 37,495 37,115 36,475 37,289 41,316 39,362 37,602 38,174 37,833 37,934 38,440 38,214 37,418 37,628 177.9 176.0 175.9 178.4 179.8 181.6 183.7 183.8 183.5 184.7 5 12 19 26 38,156 37,275 38,447 38,632 36,743 36,004 37,870 38,067 37,534 36,546 38,106 38,178 183.9 184.9 185.3 184.6 2 P 9 P 16 P 38,175 37,451 38,028 37,730 36,408 37,004 37,798 36,850 37,397 184.6 186.7 187.5 REEK ENDING: 1983—OCT. NOT. 1/ 2/ 3/ BESEBYES OF DEPOSITOBT INSTIT0TIONS SEBIES BEFLECT ACTUAL BESBBYE BEQ0IBEBBNT PERCENTAGES RITH NO ADJUSTMENTS TO BLIBINATE TBE EFFECT OF CHANGES IN BEG0LATIOH D, INCLUDING CHANGES ASSOCIATED RITH THE IHPLEHEHTATION OF THE HONETART CONTBOL ACT. INCLUDES REQUIRED BESEBYES OF HEHBEB BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOYEBBEB 13, 1980, OTHEB DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PBOGBAH OF THE BONETABY CONTBOL ACT OF 1980 AND PROVISIONS OF THE DEPOSITOBT INSTITUTIONS ACT OF 1982, THE NET CHANGES IN BEQUIBED BESEBYES OF DEPOSITOBT INSTITUTIONS HAVE BEEN AS FOLLORS: EFFECTIVE NOVEHBEB 13, 1980, A REDUCTION OF $2.9 BILLION; FEBRUARI 12, 1981, AN INCREASE OF $245 BILLION; BABCH 12, 1981, AN INCBEASE OF $75 BILLION; BAT 14, 1981, AN INCBEASE OF $245 BILLION; SEPTEBBEB 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEHBEB 12, 1981, AN INCBEASE OF $210 BILLION; JANUABI 14, 1982, A SEDUCTION OF $60 BILLION; FEBBUART 11, 1982 AN INCBBASE OF $170 BIILION; BABCH 4, 1982, AN ESTIHATED BBDUCTION OF $2.0 BILLION; BAT 13, 1982, AN ESTIBATED INCBEASE OF $150 BILLION; AUGUST 12, 1982, AN ESTIHATED INCBEASE OF $140 BILLION; SEPTEBBER 2, 1982, AN ESTIBATED REDUCTION OF $1.2 BILLION; OCTOBBB 28, 1982, AN ESTIBATED SEDUCTION $100 BILLION; DBCEBBEB 23, 1982, AN ESTIBATED BEDUCTIOH OF $800 BILLION; BABCH 3, 1983, AN ESTIHATED BEDUCTION OF $1.9 BILLION; AND SEPTEBBEB 1, 1983, AN ESTIBATED BEDUCTION OF $1.1 BILLION. BEGINNING WITH THE REEK ENDED DECEHBEH 23, 1981, BESEBVE AGGBEGATES HAVE BEEN REDUCED BT SHIFTS OF RBSEBYABLE LIABILITIES TO INTEBNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF BEPOBTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COHMEBCIAL BANKS AND AGENCIES AND BRANCHES OF FOBEIGN BANKS, IT IS ESTIHATED THAT BEQUIBED BESEBYES REBE LOWERED ON AVERAGE BT $60 TO $90 BILLION IN DBCEBBEB 1981 AND $180 TO $230 BILLION IN JANUART 1982, BOSTLT REFLECTING A REDUCTION IN BESEBVABLE EUBOCUBBEHCT TBANSACTIONS. BEGINNING RITH THE REEK ENDING APRIL 20, 1983, REQUIRED BESEBYES REBE BEDUCED AN ESTIHATED $80 BILLION AS A RESULT OF THE ELIHI NATION OF RESEBYE RBQUIREHENTS ON NONPEBSONAL TIBE DEPOSITS RITH HATUBITIES OF 2-1/2 TEABS TO 3-1/2 TEARS. ALSO, BEGINNING RITH REEK ENDING OCTOBER 26, 1983, REQUIRED BESEBYES REBE REDUCED AH ESTIHATED $90 BILLION AS A RESULT OF THE ELIBINATION OF RESERVES REQUIREMENTS ON NONPERSOHAL TIBE DEPOSITS RITH BATUBITIES OF 1-1/2 TEABS TO 2-1/2 TEARS. BESEBVE BALANCES RITH FEDBBAL BESEBVE BANKS (WHICH EXCLUDED BEQUIRED CLEABING BALANCES) PLUS VAULT CASH AT INSTITUTIONS RITH BEQUIBED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. INCLUDES BESEBVE BALANCES AND BEQUIBBD CLEABING BALANCES AT FEDERAL RESERVE BANKS IN THE CUBBENT REEK PLUS VAULT CASH HELD TRO REEKS EARLIER USED TO SATISFY RESERVE BEQUIBEBENTS AT ALL DEPOSITOBT INSTITUTIONS PLUS CUBBEHCT OUTSIDE THE U.S. TBEASUBY, FEDBBAL BESEBVE BANKS, THE VAULTS OF DEPOSITOBT INSTITUTIONS, AND SUBPLUS VAULT CASH AT DEPOSITOBT INSTITUTIONS.
@FedFRASER