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FEDERAL RESERVE statistical release H.3 C!0121 Teble 1 For ........ et 4:30 EMiem Time OCTOBBB AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONEL\RY lAS& 15, 1987 Adjuated for chengn In re..,.. requirement•' A-898• of dally fl9.,.., • - l l y edjueted unlen noted otherwtM Mllllona of dollera O.te total' 1981>--SBPT. ocr. JIOV. DBC. 1987--Jll. PBB. Ill B. lPB. Ill! JUU JOLI lOG. SBPr. 1'1 , . . _ of clepoaltory lnetltutlonl non borrowed nonborrowed plus required extended credit' 52,302 53,225 54,489 56,166 51,291l 52,381l 53,737 55,340 51,861l 52,881 54,155 55,61l3 51.576 52,1l79 53,511 51l,798 56,884 56,873 56,852 57,954 58,352 57.706 57,602 57,876 57,839 56,304 56,311 56,325 56,961 57.317 56.930 56,929 57.229 56,899 56,529 58,069 57,656 57,911 excaaa NSA• 726 Monetary .,.... llonowlnge of clepoaltory lnetltutlone from the Faclafal , . . _ , NSA total extended credit' --I 978 1,369 232,281 234,1l26 236,875 239,513 1,008 81l1 752 827 1J7 99 70 38 1,068 1.211 916 827 1,079 1, 190 761 1,032 813 242,431 243.970 244.563 246.586 248.372 248.481 249.457 250,798 251.868 580 55o 527 993 1,035 34 225 71 283 51,308 55,¥16 55,662 55.936 57,127 57.273 56.516 56.841 51>.844 57,026 716 6U. 647 940 91 120 196 259 283 279 231 288 273 194 132 409 57,422 56,655 57,595 57,185 56.875 57. 129 1,194 526 251.261 251,8..ll 61l7 1,001 241 226 531 56,716 57,184 57.016 895 .252,71114 1,195 230. ll69 5b,b00 56.589 57 • ..l31 57.1>04 57 • .203 57,124 57,360 n& 570 497 ll18 303 264 :ao !'10 IBU:S IWDIIG -----1987-SBPT. 9 23 p ocr. 7 PB 113 P---PBBLIIIlllBI 1'B--PBBLIIllllU BSTllll!'B 1/ RESERVES liD IIOIBTlBI BlSB PlGUB&S l»COBPOBlT& lDJOS!'IBI!'S 1'08 DlSCOITliOI!'IES ASSOCIATED II!'B !'BB IIIPLBIIEITl!'IOI 01' !'aB IIOJIETlBI COITBOL lCT liD OTB&B BEGULlTOBI CHlJGBS TO BESEBVB RBQUIBBIIEITS. !'0 ADJUST POi DISCOITIIUITIES DUB TO CHliGBS II BBSEBYB BBQUIBEIIEITS OM BESBBYlBLB HOIDEPOSIT LIABILITIES, !'HE SUB OP SUCH 8BQ01BBD BESBBVBS lBB SU8!'8lCT&D P808 !'BB lCTOlL SBBIES. SIBILlBLI, II lDJUSTIJIG fOB DISCOITIIUITIBS 11 THB IIOJBTlBI BlSB, 8BQUIBBD CLBl8IJIG BlLlJC&S laD lDJUSTBBI!'S TO COIIPBMSl!'E POi PLOlT lLSO lBE SUBTBlCTBD PBOII THK lCTUlL SEBIBS. 2/ !'OTlL BESEBV&S JOT lDJUSTBD POi DISCOITIIUITIES COISIS!'S OF BESBRYE BlLliCBS liTH PBDBBlL BBS&BfE 8liKS (IBlCB EXCLUDB BEQUIBBD CLEliiJG BlLliCKS liD lDJOSTIIEITS TO COftPXJISl!E FOB FLOAT) PLUS YlULT ClSB USED !'0 SlTISPI R&SBKfB IBQOlBBBEITS. SUCH JlULT CASH COISISTS 01' lJ.L VAULT ClSH BB~D DUBIIG THE LAGGED COBPUTlTIOI PERIOD 81 IISTITOTIOIS BlYIBG RBQOlBBD BESBBYB BlLlJCBS lT PBDEBlL BBSEBJB BliKS PLUS THE liiOUI!' 01' fAULT ClSH BQUlL TO BEUDIBBD BESBBV&S DUBIIG !'HI lllliTEiliCE PERIOD l! IISTITOTIOIS HAVING 10 BBUUIBED BESEBJB BlLAICES. 3/ &XTBIDBD CREDIT COISISTS OP BORROIIIG lT THE DlSCOOIT WIIDOW DIDB8 THE TBRIIS liD COIDITIOJS BS!'ltiLISHID 1'08 TBB BXT&IDED CBBDIT PBOGBlll TO H&LP DBPOSITOBI IMSTITUTIUIS DElL WITH SOS!'lii&D LIQUIDITI PBBSSORBS. BECAUSE TR&BB lS HO!' !'BE SlBE IJBD TO REPll SUCH BOBBOWING 1'80ftPTLI lS THEBE IS liTH TIADITIORlL SHOBT-TBBft lDJUSTBEIT CBEDI!', THE IIOJEI ll81BT IBPlCT 01' &XTBHDBD CREDIT IS SIBILlB TO THAT OP HOIBOBBOWED RBSBBVES. 4/ RESERVE BlLANcE~ MITH FBDEBlL BESERVB Bli~S PLUS VlOLT CASH OS&D TO SlTISPI RESBBYB REQUIBEIIBH!'S LBSS BBQUIBID BES&BVBS. 5/ THE IONETAPJ uASa NOT ADJUSTED FOB DISCOI!'IJIOITIBS COISISTS OP TOTAL B&SEBYES PLUS BBQOIBED CLEl8IIG BlJ.lJCBS liD ADJUSTBBITS TO C ····•l!li:IIS.l7£ FOB fl.OlT lT PEDBBlL B.ISEUE BUlKS PLUS Til& CUBBBICf COIIPOBEBT 01' ·JWI& IIOIEI STOCI LESS THE liiOUIT OF YlULI' ClSII HOLDINGS OF THBUT liSTITUTlOHS TBlT IS lNCLUDED 111 THE COBRBNCI COIIPOIBIT OF t'BE 110881 S!'OC& PLUS• .,POl. liS!'ITU!lOIS BOT HAUIG BEUUlB.I!D BBSBI!YB BlLliCBS, TBB &.r:CBSS OF CUiiREIIT UUJ.T CASH OVBB THE AftOUIT lPPLI&D TO,'B'li"IS,f·'CU88tiiT'81aJ:'I¥1!:·~a8QIJIIBIIBITS. lfTBB TilE IN'lROillfCTIOII Of CBI!, CUBREIICY liD UUJ.T ClSti fiGURES lBE IIBASOBED OVBB THE ftOIDli-&IDlllli COIIPUTlTlOI PERIOD. PRIOR 1'0 CBR, ALL CO~POMBHTS Of TBE IIOIIB!'ABJ dASE OTHER THAI EICESS BESEBYES ARB SElSOJilLLf ADJUSTED AS l WHOLE, BlTWBB THAI BI COIIPORBNT, AND ElCBSS RESERVES lS ADDED Oil A HOT SEASONALLY ADJUSTED BASIS. AFTER CBB, THE SElSOilLLI AUJOS!'BD SERIES CONSISTS OF SBA~OBALLY ADJUSTED TOTAL .liESEBYII:S (WHICH llfCLUDES EXCESS RES.t:BH;S 01 A IIOT SEASOULLI ADJUSTED BASIS) PLUS THE SEASONALLI lDJUSTlD CURBZHCY COftPONENT Of T~.t: ftONEY STOCK PLUS THE HEftAINlNG ITEIIS SEASOilLLJ ADJUST&» lS A WHOLE. NOTE: HISTORICAL DATA ARE AVAILABLE 180ft THE BANKlNG SBCTION, DIVISION OF HESElBCH AND STAtiSTICS, BOARD UP GOVERNORS OF THE FEDERAL RES.t:BYE SYSTEM, oASHlNGTON, D.C. 20551 H.3 (S02) Table 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE · No.i·adjusted for,.changes In reserve requlremer~_t§} A-ages of daiiy figures, !'Ot seasonal(y adjusted Millions of dollars Monetary base~ Date 1986-SEPr. OC'l. lOW. DB C. 1987--.JlL IE B. UL lPL l.ll .JUU .JULI lUG. SEPr. PB required total nonborrowed 53,189 54,623 56,399 59,560 52,180 5.2,11&3 53,182 53,811 55,6117 58,733 55,1121 58,191 59,088 56,503 56,5311 58,400 2116,752 244,.220 2114,978 249,2111 2119,9110 252,539 254,671 2511,360 255,707 58,339 5S.781l 58,838 58,361 59,826 58,008 58,166 57,7111 58,886 58,600 55,8119 56,1116 58,566 57,260 57,594 58,078 57,329 59,014 58,740 60,JIU~ 58,093 59,3117 57,546 59,822 60,180 58,985 59,285 59,668 57,060 57,061 59,393 51,303 total 235,067 237,257 241,267 31,922 3l,9417 23,384 23,153 34,803 241,101 37,360 23,5113 211,071 36,584 33,625 35,318 .21,267 21,676 21,595 22,199 2,111 2,078 1,947 1,872 25,049 25,889 23,084 23,159 21,7143 21,587 .22,71l5. .23,1JI 1,965 2,1154 2,016 1,767 1,820 1,905 1,903 1, 9011 1,729 23,435 36,110 35,616 36,696 23,353 23,693 21l,l80 24,6J1 211,6119 24,8oo 251l,o71 256,357 36,294 36,869 24,288 25,140 22,1tlt6 23,1180 1,667 1111 207 255,737 36,865 25,026 ;u,J15 1,711 111 31,801 36,1166 36,309 21,813 22,415 :u.• 128 '110 WBUS UDUG ---- 1987-SBP't. ocr. 9 23 p 1 PI: •• 8112 P--- PIJ:LIIIII Ali PB--PIIJ.LBIIlll BS'liBlTB. 1/ IEPLICTS ACfU~ IBS&at& IEQOII&!BJ'IS, IICLUDIIG T80S& 01 IOIDBPOSIT Lil8ILI'liBS, liTH 10 AD.JOS1'BBI'IS 1'0 BLIBIIA'IB THB KPPEC'IS or DISCOI'IIIUITI&S lSSOCIA%BD II'IK IBR~II&I'lA'liOI or TBB BOI&TAII COITIOL AC'l 01 OTH&a IBGOLl'lOII CBAIGBS TO IBSBRWB IBQDIIBIIBITS. 2/ COISISrs or 'IOUL IIS.iaJBS PLUS IIQUIIBD CLUIUG BU.UCBS liD lDJUS'liiBI1'S '10 COIIPBISU& POl PLOl'l ll PBDIUL USEBYB ili&S PLUS THB COIIBICJ COIIPOIBIT Of THB 401&1 STOC& LBSS TH& liiOOJT OP tlULT ClSI BOLDIIGS 01 1'HIIPI IISTITU'IIOIS 'lll'l IS IICLUDBD Zl TBB CUIJIICI COIIROIEIT or TIE 1101&1 STOCK PLUS. POl ZIS'll%UTIOIS JOT BlfiiG I&QOII&D IISIJWI BlLliCJS, 'IHI BXCESS OF CU&BII'l WlULT ClSH OfBI TIE l!OUIT lRPLIBD TO SlTISll CORIBI'l IBSIRYB IBQOZIBBBITS. AP'IBR %8& IITIO:OUC%101 OP Cll, CUII&ICI liD flDLT CASH riGORBS lRI ll&lSURBD Of&R TB& BOIDl%-&JDXIG COBPUTl!IOI PERIOD. l/ IXCLDD&s IEQUIRID CL&lRZIG BlLAICIS AID ADJUSTBEJTS TO COBPBISlTI POl PLO&T. ' / DlT&S IBPBR TO THI llliiTBiliC& PBBIODS XI VIICK TB& fAULT ClSB Cll BE OSBD TO SlTISPI IBSBIWI IBQUia&IIITS. 01:018 COI'l&aPORlJBOUS IBSBifB RBQOIREBBITS, ftliiTBJliCB PBIIODS liD 30 DliS lPT&a '18& J.lGGED COBRDTA1'IOI PB&IODS II IBICH THB BlLUCES &JIB HBL:O. 5/ BQOlL TO ALL WlULT CASH BBJ.D DORZIG 'IR& LAGGED COBPOTlTIOI PBBIOD 81 XISTI,OTIOIS llfiiG IBQOil&:O IBSBifB BlLliCIS lT PBDBIAL IBSIIYI BAlKS PLUS THE liiOUit OP fAULT ClSH EQUAL TO IEQOIRED RISERfBS DORIIG TH& BlliT&IliCI PIRIO:O lt IISTITUTIOIS HlWZIG 10 IEQUIRBD IISBRfB BALliC~S. 6/ TOTlL flDLt C&SB lT liSTITD'liOIS HAYIIG 10 RBQOIIBD RBSBifB BlLliC&s LESS TIE 111001'1 or fAULT ClSH IQUlL ro '18118 IEQUIIED IBS&IW&S DORIIG THB llliiTBIAICB PBRIOD. 1/ COISISTS OP CABIIOYBR OILT AT DBPOSITO&f IISTITUTlOIS BlliTAIIIIG IESIRY&s 01 THE BlSIS or TVO-VBBK IIAII'lllliCI PBilODS. IBPLBCTS &XC~S (•) OR DEFICIT (-) RBSIRYES BLIGIBLB TO BE ClRBlED POB81BD INTO TBI tVo-V&IK &&SIBYl llliiTIIliCB PBBIOD EIDIIG 01 THB DATB ~HOVI. H.3 (502) Table 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures, not seasonally adjusted Millions of dollars Date total Reserves of depository institutions non borrowed Monetary base required 51,.293 52,.Q8Q 53,.614 S6,261 ~- 52,.826 IIOl. DBC. 54,.591 57,.636 51,.011 51.,984 53,.840 56.,809 1987-JU. 58,.7.31 56,.088 56,.068 58,312 57,.299 57,.625 57,71&3 51,390 57,.510 58,.151 55,.532 55.,541 51,319 56,.26-ll 56,.849 57.,071 56,743 56,570 57,..063 54,.877 55,.152 57,544 56,.221 56,435 56,983 56,358 5o.,697 2•U,-ll22 57,651 51,531 57,004 56,536 56,. 457 57,011 251,641 251,888 51,212 56,.077 56,311 251,055 52,019 1986-SEPT. ~BB. II lB. APB. IIAI JUIB JU.LI AUG. san. PB .lJ2,068 :lJJ,.605 2.31,.4691 2-ll3,.6.30 240,.811 2-ll1,.925 246,.066 :l4o,.8J1 249,286 :l51,.424 251,420 4!51.,619 TiO VUKS BIIDXIIG --------1987--S.BPT. 9 23 p ocr. 1 PB P--- PBBLXIIUAU PB--PKELL!XIA&I ESTXII1TB. 1/ PXGO&ES K~LBCT ADJUSTIBITS AID O'ZUB BEGULA~OBI ~B DISCOHTIIUITIKS ASSOCIATED WITH THE CIUliG&S TO &ES.i&VB liBQU.IJf.JliAk:MTS •. IIPL~IEITATIOI OF THE ftOIBTABf COMTBOL ACT
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