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FEDERAL RESERVE statistical release (IBM" H.3 (502) For immediate Release Tabid AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures ^ Reserves of depository "mftrtutions total2 non borrowed required Period millions of dollars seasonal 1/ adjusted BO?• 3 Reserves of depository institutions total2 non borrowed required millions of dollars not seasonally adjusted Monetary base billions of dollars 7 1983 Monetary base3 billions of dollars 1982—OCT. 10 V. 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—JAM. FEB. HAB. APB. HAT JUNE JOLT AUG. SEPT. OCT. P 35.63% 36,100 36,803 37,153 37,129 37,612 37,800 37,694 37,717 37,599 35,104 35,517 36,011 36,144 36,177 35,976 36,347 36,148 36.276 36,754 35,086 35,664 36.370 36,677 36,680 37,132 37,293 37,247 37,220 37,109 171.9 173.8 176.1 177.3 178.8 180.3 181.1 182.1 183.4 184.5 37.611 35.973 36,056 36,911 36,637 36,787 37,341 37,064 37,386 37,654 37,082 35,390 35.264 35,902 35,685 35,151 35,888 35,518 35,946 36,809 37,063 35,537 35,623 36,435 36,188 36,306 36,833 36,618 36,889 37,165 173.2 171.8 173.6 176.3 177.8 179.6 181.7 181.8 182-9 184.3 iEEK ENDING: 1983—OCT. 5 12 19 P 26 P 37,757 37,399 37,596 37,825 36,344 36,128 37,019 37,257 37,135 36,670 37,250 37,385 184.1 16a.o 184.4 184.9 37,674 36,768 37,938 38,220 36,261 35,497 37,361 37,652 37,052 36,039 37,592 37,780 183.4 184.4 184.9 184.2 I0T. 2 P 37,407 36,962 37,115 185.2 37,687 37,242 37,395 184.4 1 1/ 2/ 3/ 1 I 1 1 : 1 1 1 — BESEBTE AGGBEGATES INCLUDE BEQOIBED BESEBTES OP HBHBEB BAIKS AID EDGE ACT COBPOBATIOIS AID OTHEB DEPOSITOHT INSTITUTIONS. DISCONTINUITIES ASSOCIATED BITH THE IHPLEHENTATIOI OP THE BOIETABT COITBOL ACf, THE INCLUSION OF EDGE ACT COBPOBAIION BESEBTES, AID OTBEB CHABGES II BEGULATIOI D HATE BEEN BEHOTED. BESEBTE BALANCES BIIH PBOEBAL BBSEBfE BAIKS (BHICH EXCLODE BEQOIBED CLEABUG BALANCES) PLUS TAULX CASB AT INSTITUTIONS BITH BBQOIBBD BESEBTE BALANCES PLOS TAULT CASB BQOAL TO BEQOIBED BESEBTES AT OTBEB INSTITUTIONS. INCLUDES BESEBTE BALANCES AID BEQOIBED CLEABIIG BALANCES AT PEDEBAL BESEBTE BANKS IN THE CUBBEHT BEEK PLUS TAULT CASH BELD TBO SEEKS EABLIEB USED TO SATISFI BESEBTE BEQOIBEHEBTS AT ALL DEPOSITOBI INSTITUTIONS PLUS CUBBENCT OUTSIDE THE U.S. TBEAS0BX, PBDBBAL BBSEBfE BANKS, THE TAULTS OP DEPOSITOBI INSTITUTIONS, AND SUBPLUS TAOLT CASH AI DEPOSITOBI IHSIITOTIOIS. NOTE: HISTORICAL DATA ABE ATAILABLE PBOH TBE BANKING SECTION, DITISION OP BBSEABCH AID STATISTICS, BOABD OF GOTEBNOBS OF TBE PEDEBAL BESEBTE SISTBH, IASHINGTON, 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 required millions of dollars Monetary base3 billions of dollar? 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. FEB. BAR. APR. MAI JUNE JOLT AOG. SEPT. OCT. P 41,864 39,798 38,035 38,650 38,282 38,415 38,948 38,661 37,916 38,111 41,334 39,215 37,243 37,640 37,330 36,779 37,495 37,115 36,475 37,266 41,316 39,362 37,602 38.174 37,833 37,934 38,440 38,214 37,418 37,622 177.9 176.0 175.9 178.4 179.8 181.6 183.7 183.8 183.5 184.8 37,534 36,546 38,094 38,162 183.9 184.9 185.4 184.6 37,798 184.8 REEK ENDING; 1983—OCT. 5 12 19 P 26 P 38,156 37,275 38,440 38,602 36,743 36,004 37,863 38,034 NOV. 2 P 38,090 37,645 I 1/ RESERVES OF DEPOSITOR! INSTITUTIONS SERIES REFLECT ACTUAL RESERVE BEQOIRBHBNT PERCENTAGES MITH NO ADJUS*BENTS TO ELIBINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED MITH THE IHPLEHEMTATION OF THE BONETARI CONTROL ACT. INCLUDES REQUIRED RESERVES OF HEBBEB BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEBBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASE-IN PROGRAH OF THE BONETARI CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITORY INSTITUTIONS ACT OF 1982, THE NET CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEHBER 13, 1980, A REDUCTION OF $2.9 BILLION; FEBRUARY 12, 1981, AN INCREASE OF $245 BILLION; BARCH 12, 1981, AN INCREASE OF $75 BILLION; BAY 14, 1981, AN INCREASE OF $245 BILLION; SEPTEBBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEBBEB 12, 1981, AN INCREASE OF $210 BILLION; JANUARY 14, 1982, A REDUCTION OF $60 HILLION; FEBRUARY 11, 1982 AN INCREASE OF $170 HIILION; BARCH 4, 1982, AN ESTIBATBD REDUCTION OF $2.0 BILLION; MAI 13, 1982, AN ESTIBATBD INCREASE OF $150 BILLION; AUGUST 12, 1982, AN BSTIBATED INCREASE OF $140 BILLION; SEPTEBBER 2, 1982, AN ESTIBATBD REDUCTION OF $1.2 BILLION; OCTOEBR 28, 1982, AN ESTIBATBD REDUCTION $100 BILLION; DECBHBER 23, 1982, AN BSTIflATED REDUCTION OF $900 BILLION; BARCH 3, 1983, AN BSTIBATED REDUCTION OF $1.9 BILLION; AND SEPTEBBER 1, 1983, AN BSTIHATED REDUCTION OF $1.1 BILLION. BEGINNING WITH THE WEEK ENDED DECBHBER 23, 1981, RESBBVE AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COBBEBCIAL BANKS AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS BSTIBATED THAT REQUIRED RESERVES WERE LOMEHBD ON AVERAGE BI $60 TO $90 HILLION IN DBCEHBER 1981 AND $180 TO $230 BILLION IN JANUARY 1982, BOSTLI REFLECTING A REDUCTION IN RESERVABLE BUROCURRBNCY TRANSACTIONS. BEGINNING WITH THE WEEK ENDING APRIL 20, 1983, REQUIRED RESERVES MERE REDUCED AN ESTIBATBD $80 BILLION AS A RESULT OF THE ELIBIKATION OF BESERVE REQUIREBEBTS ON NONPERSONAL TIBB DEPOSITS WITH HATURITIES OF 2-1/2 YEARS TO 3-1/2 YEARS. ALSO, BEGINNING MITH MEEK ENDING OCTOBER 26, 1983, REQUIRED RESERVES MERE REDUCED AN BSTIBATBD $90 BILLION AS A RESULT OF THE ELIHINATION OF RESERVES REQUIREBENTS ON NCNPERSONAL TIBE DEPOSITS MITH BATUHITIES OF 1-1/2 YEARS TO 2-1/2 YEARS. 2/ RESERVE BALANCES MITH FEDERAL RESERVE BANKS (HHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS MITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. 3/ INCLUDES RESERVE EALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT MEEK PLUS VAULT CASH HELD TMO WEEKS EARLIER USED TO SATISFY RESERVE REQUIREBENTS AT ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITOR! INSTITUTIONS.
@FedFRASER