Full text of H.3 Aggregate Reserves of Depository Institutions and the Monetary Base : November 6, 1986

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEDERAL RESERVE statistical release
\ is

H.S<

For RsIggm at 4:30 Eastern Tims

AGGREGATE RESERVESOF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE

NOVEMBER

M lm lid for cfwnssG If) KNtfvi npuirifMnti^
^^vsrsgso of ^IsMy flgN^SGy, soooonGlly g^W^gIg^I unfGGG ncNlGM'^)tfo0rvrtG0
Millions of M a r a
borrowings ot
from tfto

6,

1986

N8A

N8A4
1985— OCT.
MOV. .
DSC.

4 4 ,2 4 4
4 4 ,8 4 7
4 5 ,6 1 2

4 3 ,0 5 6
4 3 ,1 0 6
4 4 ,2 9 4

4 3 ,6 8 5
4 3 ,6 3 7
4 4 ,7 9 3

4 3 ,4 9 1
4 3 ,9 1 9
4 4 ,5 5 8

753
928
1 ,0 5 8

2 1 3 ,5 6 6
2 1 5 ,2 5 3
2 1 6 ,7 2 1

1 ,1 8 7
1 ,7 4 1
1 ,3 1 8

172
107
56

629
530
4 99

1986- * J A I »
FEB.
MAR.
APB.
HAT
JOVE
JULZ
AUG.
SE PT .
OCT. PE

4 5 ,8 8 1
4 6 ,3 7 0
4 6 ,8 6 5
4 7 ,2 7 5
4 8 ,5 7 7
4 9 ,4 4 5
5 0 ,4 8 9
5 1 ,3 1 8
5 1 ,8 0 9
5 2 ,3 9 9

4 5 ,1 1 1
4 5 ,4 8 6
4 6 ,1 0 4
4 6 ,3 8 3
4 7 ,7 0 1
4 8 ,6 4 2
4 9 ,7 4 8
5 0 ,4 4 6
5 0 ,8 0 1
5 1 ,5 5 8

4 5 ,6 0 8
4 5 ,9 7 8
4 6 ,6 2 2
4 7 ,0 1 7
4 8 ,2 8 5
4 9 ,1 7 2
5 0 ,1 2 6
5 0 ,9 1 1
5 1 ,3 7 1
5 2 ,0 5 5

4 4 ,7 7 1
4 5 ,2 7 2
4 5 ,9 6 8
4 6 ,4 7 4
4 7 ,7 3 9
4 8 ,5 1 4
4 9 .5 7 9
5 0 .5 7 9
5 1 ,0 8 3
5 1 ,6 2 5

1,111

2 1 8 ,4 0 4
2 1 9 ,7 8 8
2 2 1 ,2 6 2
2 2 2 ,3 5 9
2 2 4 ,9 0 4
2 2 6 ,6 3 1
2 2 8 ,3 0 0
2 3 0 ,5 8 7
2 3 1 ,6 4 0
2 3 3 ,7 4 8

770
884
761
893
876
803
741
872
1 ,0 0 8
841

36
56
68
73
94
108
116
144
137
99

497
492
518
634
5 84
531
378
465
5 70
497

5 1 ,9 6 2
5 2 ,3 5 1

5 1 ,0 6 0
5 1 ,5 8 1

5 1 ,5 9 8
5 2 ,0 6 8

5 1 ,3 0 2
5 1 ,5 9 7

660
754

2 3 2 ,4 6 0
2 3 3 ,3 6 9

902
771

125

88

538
488

5 1 ,9 6 4

5 2 ,4 4 0

5 1 ,9 5 5

908

2 3 5 ,4 8 1

899

93

476

1 ,0 9 7
896
801
838
931
910
740
726
774

TWO SEEKS
ENDING
1 9 8 6 -OCT.

8
22

MOV.

P

5 PE

5 2 ,8 6 3

PS— P B E L IH IM A B I ESTIMATE
P------PB E L IH IN A B Y
1/
BESEBVES AMO HOMETABI BASE FICUBES IMCOBPOBATE ADJUSTMENTS FOB D IS C O N T IN U IT IE S ASSO CIATED MITH THE IMPLEMENTATION QF M E
MOMETABI COMTBOL ACT AMD OTHEB BEGULAIOBY CHAM6ES TO BESEBVE BBQUIBBHENTS. TO ADJUST FOB D IS C O N T IN U IT IE S DOE TO CHANG&S IM
BESEBVE REQUIREMENTS OM BESEBVABLE MOMDEPOSIT L I A B I L I T I E S , THE SUM OF SUCH BEQUIBED BESBBVES ABE SUBTBACTED FBOM THE ACTUAL
S E B IE S . S I M I L A B L I , IM ADJUSTING FOB D IS C O N T IN U IT IE S IM THE HOMETABI B A S E , BEQUIBED CLBABIMG BALANCES AMD ADJUSTHEMTS TO
COHPENSATE FOB FLOAT ALSO ABB SUBTRACTED FB0H THE ACTUAL S E B IE S .
m iw w a x M ro w

2/

TOTAL BESBBVES NOT ADJUSTED FOB D IS C O N T IN U IT IE S C O N SIST S OF BESEBVE BALANCES WITH FE D ER A L BESEBVE BANKS (WHICH EXCLUDE
BEQUIBED CLEABING BALANCES AND ADJUSTHENTS TO COMPENSATE FOB FLOAT) PLUS VAULT CASH USED TO S A T IS F X BESEBVE REQUIREMENTS.
SUCH VAULT CASH C O N SISTS OF ALL VAULT CASH HELD DUBING THE LAGGED COMPUTATION PEBIOD BY IN S T IT U T IO N S HAVING BEQUIBED BESEBVE
BALANCES AT FBDBBAL BESEBVE BANKS PLUS THE AHOUNT OF VAULT CASH EQUAL TO BEQUIBED BESEBVES DUBING THE HAINTENANCE PEBIOD AT
IN S T IT U T IO N S HAVING NO BEQUIBED BESEBVE BALANCES.
3/
EXTENDED
C BEDIT C O N SIST S OF BOBBOBING AT THE DISCOUNT WINDOW UNDEB THE TEBHS AND C O N D IT IO N S ESTABLISHED FOB THE BITENDED
CBEDIT PBOGBAH TO HELP D EPO SITO B I IN S T IT U T IO N S DEAL WITH SU STAINED L IQ U ID IT Y PBESSOBES.
BECAUSE THEBE I S NOT THE SAME NEED TO
B E PAI SUCH BOBBOBING PBOHPTLI AS THEBE I S WITH T R AD IT IO NA L SHORT-TERM AOJUSTHENT C B E D IT , THE HONEI MARKET IMPACT OF ElTENDED
CBEDIT I S S IM IL A R TO THAT OF NONBOBBOWED BESEBVES.
V
BESEBVE BALANCES MITH FEDEBAL BESEBVE BANKS PLUS VAULT CASH USED TO S A T I S F I ftg-SRBWg BEQ iixagH KjjT<; fcfrgy ■ g Q U ffrffp
S/
THE BONETABI BASE NOT ADJUSTED FOB D IS C O N T IN U IT IE S C O N SIST S OF TOTAL BESEBVES PLOS B B f t H l l l P r u e m
M^|fff f f i i » p f 5
TO COHPENSATE fOB FLOAT AT FEDEBAL BESEBVE BANKS PLUS THE CUBBENCT COMPONENT OF THE HONEY STOCK LESS THE AHOUNT OF VAULT CASH
HOLDINGS OP THRIFT IN S T IT U T IO N S THAT I S INCLUDED I N THE CUBRENCY COHPONENT OF THE HONEX STOCK P L U S , FOB IN S T IT U T IO N S NOT HAVING
BEQUIBED RESERVE BALANCES, THE EXCESS OF CURRENT VAULT CASH OVER THE AHOUNT APPLIED TO S A T I S F I CUBBBMT BESEBVE EEQUIBEMEMTS.
AFTEB THE INTBODUCTION OF CBB, CURRENCY AND VAULT CASH FIGURES ARE MEASURED OVER THE MONDAY-ENDING COHPUTATIOH PE R IO D .
PRIOR TO CRR, ALL COMPONENTS OF THE MONETARY BASE OTHER THAN EXCESS BESEBVES ARE SEASONALLY ADJUSTED AS A WHOLE, BATHBB THAN
BY COHPONENT, AND EXCESS RESERVES IS ADDED ON A NOT SEASONALLY ADJUSTED B A S IS .
AFTER CRR, THE SEASONALLY ADJUSTED S E R IE S
C ONSISTS OF SEASONALLY ADJUSTED TOTAL RESERVES (WHICH INCLUDES EXCESS RESERVES ON A NOT SEASONALLY ADJUSTED B A S IS ) PLUS THE
SEASONALLX ADJUSTED CURRENCY COMPONENT OF THE MONEY STOCK PLUS THE REMAINING ITEM S SEASONALLY ADJUSTED AS A WHOLE.

MOTE: HISTO R IC AL DATA ARE AV AILA BLE FROM THE BANKING SE C T IO N , D IV IS IO N OF RESEARCH AND S T A T IS T IC S , BOARD OF GOVERNORS OF THE
http://fraser.stlouisfed.org/ FEDERAL RESERVE SYSTEM , WASHINGTON, D .C . 20551

Federal Reserve Bank of St. Louis

H.3 (502)
Table 2

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Not adjusted for£changes in reserve requirements,'
Averages of daily figures, not seasonally adjusted
Millions of dollars
**
f*
Reserves of depository institutions

Vault casti4
Monetary
b ase#

Date
total

nonborrowed

required

Reserve balances
0

used to satisfy
required
reserves81

total

surplus* 'f

198 5— O C T.
N O ?.
DEC*.

4 5 ,4 6 9
4 6 ,3 8 2
4 8 ,1 4 2

4 4 ,2 8 2
4 4 ,6 4 1
4 6 ,8 2 4

4 4 ,7 1 6
4 5 ,4 5 4
4 7 ,0 8 5

2 1 6 , 192
2 1 8 ,9 6 2
2 23 ,5 3/4

2 5 ,4 3 1
2 6 ,3 8 5
2 .7 ,6 2 0

2 2 ,7 2 4
2 2 ,4 5 7
2 2 ,9 5 6

2 0 ,0 3 8
1 9 ,9 9 7
2 0 ,5 2 2

2 , 68 6
2 ,4 6 0
2 ,4 3 4

1 98 6— J A N .
FEB.
HA ft.
APB.
BAY
JUNE
JU LY
AUG.
SB P T .
O C T. P S

4 8 ,0 6 0
4 6 ,6 5 2
4 7 ,2 7 4
4 8 ,8 8 2
4 8 ,4 1 9
4 9 ,9 3 8
5 1 ,0 2 9
5 1 ,2 7 7
5 3 ,1 8 9
5 4 ,6 1 9

4 7 ,2 8 9
4 5 ,7 6 8
4 6 ,5 1 3
4 7 ,9 8 9
4 7 ,5 4 3
4 9 ,1 3 5
5 0 ,2 8 8
5 0 ,4 0 5
5 2 ,1 8 0
5 3 ,7 7 8

4 6 ,9 4 9
4 5 ,5 5 5
4 6 ,3 7 8
4 8 ,0 8 1
4 7 ,5 8 1
4 9 ,0 0 7
5 0 ,1 1 8
5 0 ,5 3 8
5 2 ,4 6 3
5 3 ,8 4 5

2 2 1 ,5 8 8
2 1 9 ,5 6 8
2 2 1 ,7 0 3
2 2 4 ,8 7 9
2 2 6 ,1 1 8
2 2 9 ,6 7 6
2 3 2 ,5 4 6
2 3 3 ,3 1 5
2 3 5 ,0 7 3
2 3 7 ,5 7 0

2 6 ,3 7 3
2 4 ,7 0 0
2 7 ,1 1 4
2 8 ,8 9 2
2 8 ,2 7 9
2 9 ,4 9 9
3 0 ,3 1 3
3 0 ,1 6 5
3 1 ,9 2 2
3 2 ,9 4 3

2 4 ,2 4 5
2 4 ,9 6 2
2 2 , 66 8
2 2 ,2 3 1
2 2 ,4 7 4
2 2 ,8 0 5
2 3 ,0 9 8
2 3 ,4 5 1
2 3 ,3 8 4
2 3 ,7 5 3

2 1 ,6 8 7
2 1 ,9 5 2
2 0 ,1 6 0
1 9 ,9 9 0
2 0 ,1 4 0
2 0 ,4 3 9
2 0 ,7 1 6
2 1 ,1 1 2
2 1 ,2 6 7
2 1 ,6 7 6

2 ,5 5 9
3 ,0 1 0
2 ,5 2 8
2 ,2 4 1
2 ,3 3 4
2 ,3 6 6
2 ,3 8 1
2 ,3 3 9
2 ,1 1 7
2 ,0 7 7

5 3 ,9 4 6
5 4 ,9 2 9

5 3 ,0 4 5
5 4 ,1 5 8

5 3 ,2 8 7
5 4 ,1 7 5

2 3 5 ,5 1 7
2 3 8 ,2 6 1

3 2 ,1 5 6
3 3 ,0 1 7

2 4 ,0 1 5
2 3 ,9 5 5

2 1 ,7 9 0
2 1 ,9 1 2

2 ,2 2 5
2 ,0 4 3

5 4 ,7 3 5

5 3 ,8 3 7

5 3 ,8 2 7

2 3 8 ,3 2 2

3 3 ,5 2 7

2 3 ,2 0 8

2 1 ,2 0 9

1 ,9 9 9

Net carryover
of excess or
deficit
In reserve
balances71

TWO WEEKS
EN D IN G
1986— OCT.

8
22

10 T.

P

5 PS

P----- P R E L IM IN A R Y
P S — P R E L IM IN A R Y

E S T IM A T E .

v

2/

3/
4/

' -- --------------- -------- — — *
n a a j u f l f u UVAH
B U H U iI-a>£ | D I I 6 CQ
EXCLUDES R E Q U IR E D C L E A B IN G B A LA N C E S ANO A D J U S T M E N T S TO C O H P E N S A T E FOR F L O A T
D A T E S R E F E R TO T B S flA IN T E N A N C E
— —
—
...... — -----------C O N T B flF O B A lS O D S R ESEBVE B £ Q U IB
1 9 WHICH THE B A L A N C E S ABE H E L D .

5/

6/

VAULT
m

CASH

HELD D O B IN G TH E

LAGGED C O M P U T A T IO N

t lT w io .fH f^ ^ ^ ^

C ASH

B ^ U M E D ^ B E S E B T E S ^ D U B IN G ^ H E ^ A IN T E N A N C E ^ P E B IO D f* ^ 0

7/


http://fraser.stlouisfed.org/
Federal Reserve Bank of St.• Louis

0 IIL Y

•

AT

D £ P 0 S IT 0 * *

•

IN S T IT U T IO N S

•

P E R IO D

^ ° AL

T°

BI

B ALA N C ES
M A I N T A IN I N G

•

IN S T IT U T IO N S

aE Q U IH E D
LESS

BEOD1RBD
TU *

THE AflOONT O F

RE SE R V E S ON THE

•

H A T IN G

R E SE E V £S

B A S IS

•

m q& R VR

M A IN T E N A N C E

V A U L T CASH S tfU A L
OF

TWO-WEEK

#

n ir iir c c
P E B IO D
TO

AX

T H E IB

HAIMTKMAMCR

43

•

•

•

•

•

•

•

•

•

•

•

V

H.3 (502)
Table 3

AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements1
Averages of daily figures, not seasonally adjusted
Millions of dollars

Date
total

Reserves of depository institutions
nonborrowed

Monetary base
required

213,357

1985— OCT*
HO?*
DBC.

44,207
45,082
46,839

4 3,02 0
43,341
4 5 ,5 2 0

43,454
44,154
45,781

2 16,038

1986— JAM*
FEB.
BAB.
APB*
BAI
JOBB
JO LI
AUG*
SEPT*
OCT* PB

47,113
45,684
46,338
47,93 6
47,712
4 9,198
50,319
5 0,622
5 1,546
5 2,340

4 6,34 2
4 4,80 0
4 5 ,5 7 8
4 7 ,0 4 4
4 6 ,8 3 6
4 8 ,3 9 5
4 9 ,5 7 8
4 9,749
5 0 ,5 3 8
5 1 ,4 9 9

4 6,00 2
4 4,58 7
45,442
4 7,1 3 5
46,874
4 8,267
4 9,40 9
4 9,88 2
5 0,82 1
5 1 ,5 6 6

218,741
2 16 ,7 84
2 18 ,9 85
2 22 ,1 3 4
223 ,6 08
2 27 ,0 37
230,0.19
2 3 0 ,7 5 5
2 31 ,5 18
2 3 3 ,3 4 8

51,709
52,615

5 0 ,8 0 7
5 1 ,8 4 5

5 1,04 9
51,861

2 3 1 ,3 82
2 34,014

52,473

5 1 ,5 7 5

51 ,5 6 5

234,061

2 20,362

TBO WEEKS
BBD1BG
1986— OCT*

8

22
MOT.

P

5 PB

P------ P BB LIH IB A BI
P B --P B E L IB IB A B I BSTIHATB*
1/ FIGUBES BBFLSCT ADJUSTHJSITS FOB D ISCO BTIIfO ITIBS ASSOCIATED SXTH THE IBPLBBBBTATIOB OF THB ttONBTABI COBTBOL ACT
ABD OTHER BBGULATOBI CHAMGES TO BBSBBVB BBQOlBBflBBTS*