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FEDERAL RESERVE statistical release
For Immediate ReleaH

H.S (502)

Aggregate Reserves and Member Bank Deposits

NOV. 30,1979

Averages of Daily Figures, in Billions of Dollars
Seasonally Adjusted
~~

MEMBER BANK RESERVES

Period

Total

..1/

Nonborrowed

Required

Monetary
BaseY

Total

Time and
Savings

Private Demand Deposits
Total

Net
Interbank

Other

u.s. Govt.
Demand 1

1978--0CT.
NOV.
DEC.

38.38
39.75
41.27

37.10
39.05
40.40

38.22
39.53
41.04

137.8
139.9
142.4

608.9
o16.9
616.7

418.3
427.5
429.4

187.2
187.0
185.1

10.2
11.1
9.8

177.0
175.9
17 5. 2

3.5
2.3
2.3

1979--JAN.
FEB.
MAR.
APR.
MAY
JUNE
JUlY
AUG.
SEPT.
OCT.

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
40.30

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
15J..7

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
8.1
9.4
9.9
9.8
8.9
10.3
9.9
l1.3
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

1979-SEPT. 19
26

41.53
41.73

39.77
40.57

41.33
41.70

150.0
150.4

631.0
630.8

440.4
441.3

188.5
188.4

ll.l

11.3

177.4
177.1

2.1
1.2

OCT.

3
10
17
24
31

41.87
42.00
42.20
41.71
43.52

40.75
41.07
40.67
38.81
40.46

41.51
41.41
42.20
41.61
43.18

151.1
151.2
151.4
150.9
153.1

636.3
634.3
640.9
637.6
637.7

442.3
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

NOV.

7
14 p
21 p

42.84
43.14
43.3()

40.92
41.28
41.44

42.37
42.87
43.19

152.6
152.8
153.1

643 • .8
642.3
645.3

450.1
451.7
452.0

191.6
188.8
191.2

13.5
11.2
13.5

118.1
117.6
177.7

2.2
1.8
2.2

WEEK ENDING:

-------




--

DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

SEE REVERSE SIDE FOR EXPLANATION uf FOOTNOTES.

H.3(502)

Page 2

Aggregate Reserves and Member Bank Deposits
AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS
NOT SEASONALLY ADJUSTED
DEPOSITS SUBJECT TO RESERVE REQUIREMENTS

MEMBER BANK RESERVES j 7
Monetary
Period
Total

Nonborrowed

BaseiV

Required

Private Demand Deposits
Total

Time and
Savings

^

Net
Total

_______
Other

U.S. Govt.
Demand

Interbank

1978—OCT.
NOV.
DEC.

38.38
39.65
41.68

37.10
38.94
+ 0.81

38.22
39.42
41.45

137.5
140.5
144.6

608.4
615.1
024.0

418.5
425.2
429.6

186.9
188.0
191.9

10.1
11.4
10.4

176.8
176.6
181.5

3.0
2.0
2.5

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.

43.08
40.70
40.22
40.72
40.24
40.10
40.92
40.72
41.05
42.29

42.08
39.73
39.23
39.81
38.47
38.69
39.75
39.63
39.71
40.27

42.87
40.49
40.06
40.55
40.10
39.88
40.71
40.49
40.86
42.01

144.4
141.9
142.3
144.2
144.4
145.6
147.9
148.4
149.4
151.4

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

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
2.0
1.8
2.8
1.6
1.7
2.1
1.6

19
26

40.92
41.55

39.16
40.39

40.72
41*52

149.2
149.1

632.2
625.7

439.4
440.8

189.7
183.2

11.6
10.7

178.1
172.5

3.2
1.7

3
10
17
24
31

42.12
41.31
42.58
41.70
43.64

41.01
40.38
41.05
3 8.74
40.50

41.77
40.72
42.58
41.55
43.30

150.3
151.2
152.0
150.5
151.9

639.3
635.0
6*2.3
635.3
634.6

443.2
445.1
445.7
446.2
447.0

194.4
188.6
195.0
187.6
186.1

16.4
10.2
15.0
12.8
11.8

177.9
178.4
180.0
174.7
174.2

1.8
1.3
1.6
1.5
1.5

7
14 P
21 P

42.59
42.88
43.41

40.66
41.02
41.54

42.11
42.62
43.29

152.7
153.6
154.1

642.7
639.7
643.8

447.4
448.5
449.5

193.4
189.7
192.3

14.7
10.9
13.8

178.6
178.8
178.6

2.0
1.5
1.9

WEEK

I

7.9
9.1
9.7
9.2
8.9

10.4
9.8

ENDING:

1979-SEPT.

OCT.

NOV.

P - PRELIMINARY
1/
MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF
CHANGES IN REGULATION 0 AND M. EFFECTIVE NOVEMBER 2 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS
IMPOSED ON TIME DEPOSITS OF $ 1 0 0 , 0 0 0 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 BILLION IN THE WEEK
BEGINNING NOVEMBER 1 6 , 1 9 7 8 . EFFECTIVE OCTOBER 1 1 , 1 9 7 9 , AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS IMPOSED ON
"MANAGED L I A B I L I T I E S " . ON OCTOBER 25, 1 9 7 9 , RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED I N MEMBER BANK RESERVES. I N THE
WEEK BEGINNING OCTOBER 2 5 , 1 9 7 9 , THESE ACTIONS RAISED REQUIRED RESERVES $320 AND $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 AND 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, BOARD OF GOVERNORS OF THE FEDERAL

RESERVE SWTEM, 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 Dally Figures, in Millions of Dollars
SEASONALLY ADJUSTED
MEMBER BANK RESERVES
~ ]

Period

Monetary Base
Total

1978—OCT.
NOV.
DEC.

!

1979—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG.
SEPT,
OCT.

MEEK

Required

41,674
41,573
41,572

40,397
40,870
40,703

41,512
41,351
41,339

41,767
41,028
41,100
40,910
40,749
40,697
41,127
41,375
41,771
42,500

40,764
40,055
40,109
39,993
38,984
39,279
39,957
40,290
40,430
40,476

41,552
40,819
40,942
40,734
40,607
40,476
40,917
41,154
41,581
42,221

41,830
42,041

40,068
40,882

41,633
42,015

!;

42,177
42,324
42,541
42,075
43,199

41,058
41,386
41,011
39,115
40,143

41,820
41,730
42,540
41,924
42,862

j
I

42,641
42,316
42,954

40,713
40,458
41,089

42,163
42,054
42,839

!
1
|

1
!

141,052
141,749
142,682

41,672
41,461
41,979

40,395
40,758
41,111

41,510
41,239
41,747

140,810
142,327
144,879

143,688
143,619
144,178
144,749
145,129
145,877
147,240
148,725
150,444
151,858

43,368
40,978
40,502
40,988
40,505
40,381
41,221
41,021
41,362
42,466

42,366
40,005
39,512
40,071
38,740
38,963
40,050
39,936
40,021
40,442

43,154
40,769
40,344
40,812
40,364
40,160
41,010
40,800
41,172
42,187

144,717
142,140
142,621
144,453
144,704
145,895
148,231
148,689
149,758
151,558

!

41,217
41,859

39,455
40,700

41,020
41,833

151,375
151,542
151,764
151,220
152,808

1
|

42,433
41,634
42,921
42,006
43,316

41,314
40,696
41,391
39,046
40,260

42,076
41,040
42,920
41,855
42,979

152,391
152,025
152,756

!
|

42,386
42,062
43,058

40,458
40,204
41,193

41,908
41,800
42,943

|

1

ENDING:

1979-SEPT.

19
26

OCT.

3
10

17
24

1
1

31
NOV.

1/

Nonborrowed

NOT SEASONALLY ADJUSTED
MEMBER BANK RESERVES
Monetary Base
Total
Nonborrowed Required

7
14 P
21 P

!

!

150,303
150,702

1

j

1
i

149,494
149,415
150,622
151,567
152,289
150,777
151,602
152,470
152,750
153,764

RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS, THE
INCLUSIONS OF EOGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K AND M. HISTORICAL DATA AND A DESCRIPTION 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.