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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.