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FEDERAL RESERVE statistical release
H.3<502)
For Immediate Release
Tablet
NOVEMBER 3 0 ,
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 |
required
millions of dollars
seasonallyi adjusted
Reserves of depository institutions
total 2
1 nonborrowed ]
required
millions of dollars
not seasonally adjusted
Monetary base3|
billions of dollars!
|
1980—OCT.
NOV, 4 /
DEC.
38,039
39,187
39,187
36,729
37,128
37,497
37**33
38,666
38,719
155.6
157.7
158.2
38,023
39,189
39,657
1981—JAK.
FEB.
BAR.
APR.
HAY
JUNE
JULY.
AUG.
SEPT.
OCT.
39,182
38,948
39,070
39,265
39,542
39,351
39,609
39,883
40,615
40,266
37,787
37,645
38,070
37,928
37,314
37,314
37,930
38,463
39,158
39,086
38,872
38,672
38,821
39,138
39,367
39,102
39,359
39,681
40*290
40,077
158.7
159.0
159.5
160.5
161.7
161.6
162.7
163.4
164.0
163.9
7
14
21
28
39,993
39,959
40,613
40,438
38,847
38,849
39,358
39,251
39,871
39,692
40,415
40,311
4
11 P
18 P
40,413
40,004
40,256
39,176
38,995
39,695
40,126
39,577
40,062
Monetary base3
billions of dollars
36,713
37,130
37,966
1
37,817
38,668
39,189
155.6
158.7
161.0
40,601
38,819
38,590
39,231
39,228
38,964
39,546
39,389
39,997
(10,130
39,207
37,516
37,590
37,894
37,000
36,927
37,867
37,970
38,541
38,949
|
40,291
38,544
38,342
39,104
39,053
38,715
39,296
39,187
39,673
39,941
159.6
157.4
157.8
159.9
160.8
161.2
163.3
163.2
163.3
163.8
163-2
163.8
164.3
164.3
39,739
39,472
40,886
40,322
38,593
38,362
39,634
39,135
39,£17
39,205
40,688
40,195
163.6
164.0
164.4
163.0
164.5
164.1
164.6
40,360
39,577
40,469
39,123
38,568
39,908
40,073
39,150
40,275
i-
j
1981
WEEK E»DI«G:
1981—OCT.
NOV.
I
|
|
I
164.2
165.3
165.9
p - PRELIMINARY
V
2/
3/
V
RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY
INSTITUTIONS. DISCONTINUITIES ASSOCIATED KITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION
OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED.
RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS WITH 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 WEEK PLUS
VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS 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.
ESTIMATED AT $550 TO $600
RESERVE MEASURES FROM NOVEMBER 1980 TO DATE REFLECT A ONE-TIME INCREASE
MILLION — IN REQUIRED RESERVES ASSOCIATED WITH THE REDUCTION OF WEEK-END AVOIDANCE ACTIVITIES OF A FEW
LARGE BANKS.
NOTE: HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF
GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, 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
1980—OCT.
HOV.
DEC.
41,704
41,244
40,614
40,394
39,184
38,924
41,498
40,723
40,146
160.6
161.6
162.4
1981—JAM.
FEB.
SAB.
APR.
MAY
JUNE
JULY
AUG.
SEPT.
OCT.
41,535
39,754
39,693
40,291
40,433
40,353
40,917
40,933
«0,501
40,622
40,141
38,450
38,694
38,953
38,205
38,316
39,238
39#514
39,045
39,442
41,226
39,478
39,445
40,164
40,258
40,104
40,667
40,731
40,T77
40,433
161.0
158.8
T59.5
16T.6
162.6
163.3
165.4
165.4
163*9
164.3
40,132
39,738
41,17*
40,646
164.2
164.6
HEEK ENDING:
1 9 8 1 — OCT.
NCV.
1/
2/
3/
7
14
21
28
40,254
40,005
41,372
40,773
4
11 P
18 P
40,822
40,064
41,160
:
39,108
38,895
40,117
39,586
39,585
39,055
40,599
i
{
40,535
39,637
40,966
I
i
1
t65.0
163.5
164.8
165.9
166.7
RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS
AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGRAM
OF THE MONETARY CONTROL ACT OF 1980, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE
BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980, A REDUCTION OF $2.8 BILLION; FEBRUARY 12, 1981, AN INCREASE
OF $245 MILLION; MARCH 12, 1981, AN INCREASE OF $75 MILLION; MAY 14, 1981, AN INCREASE OF $245 MILLION;
AUGUST 13, 1981, AN INCREASE OF $245 MILLION; AND SEPTEMBER 3, 1981, A REDUCTION OF $1.3 BILLION.
RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS WITH 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 WEEK PLUS
VAULT CASH HELD TWO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS 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.
@FedFRASER