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F E D E R A ^ , f ^ e | V E statistical release ,>\* '!., /*>** H.3(502) For Immediate Reta tftf0^' Table 1 OCTOBER 18, 1982 AGGREGATE RESERVED OF DEPOSITORY INSTITUTIONS AND MONETARY BASE 1 Adjusted for changes in reserve requirements Averages of daily figures Reserves of depository institutions total2 | non borrowed I required Period millions of dollars seasonal h/ adjusted Reserves of depository institutions total? I nonborrowed \ required millions of dollars not seasonaMy adjusted ~. Monetary base3 billions of dollars Monetary base? billions of dollars 1981—AUG. SEPT. OCT. NO?. DEC. 37,337 37,721 37,603 37,615 37,988 35,917 36,265 36,422 36,952 37,351 37,045 37,307 37,325 37,270 37,668 160.0 160.6 160.8 161.2 162.7 37,058 37,519 37,696 37,782 38,662 35,638 36,063 36,515 37,119 38,025 36,766 37,105 37,418 37,438 38,342 160.3 160.2 160.8 162.6 165.8 1982—JAN. FEB. MAR. APR. HAY JUNE JULY AUG. SEPT. P 38,713 38,262 38,356 38,433 38,504 38,575 38,523 38,804 39,576 37,195 36,472 36,801 36,865 37,387 37,370 37,832 38,289 38,643 38,295 37,958 37,994 38,160 38,145 38,266 38,210 38,492 39,184 164.3 164.7 165.2 166.5 167.7 168.8 169.2 170.1 171.9 40,036 38,052 37,799 38,330 38,189 38,069 38,434 38,512 39,363 38,519 36,262 36,244 36,762 37,071 36,864 37,743 37,996 38,431 39,618 37,748 37,437 38,057 37,830 37,761 38,120 38,199 38,972 165.3 162.9 163.3 165.6 167.1 168.2 170.0 170.4 171.5 1982--SEPJ!. 1 8 15 22 29 P 38,889 39,421 39,462 39,813 39,657 38,382 38,473 38,132 39,003 38,908 38,527 38,756 39,142 39,563 39,349 , 170.8 171.3 171.8 172.1 172,2 38,670 38,804 38,947 39,708 40,042 38,163 37,856 37,617 38,898 39,293 38,308 38,139 38,627 39,458 39,734 169. 4 172.3 171.6 171.4 170.7 39,303 38,883 39,329 38,728 | 172.4 172.3 39,716 38,757 39,112 38,397 39,138 38,242 172.7 172.7 MEEK ENDING: OCT. 6 P 13 P ! l 39,907 39,243 ! I P - PRELIMINARY 1/ RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OP MEMBER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY INSTITUTIONS. DISCONTINUITIES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT, THE INCLUSION OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESERVES 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. COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BY $10 TO $20 MILLION IN DECEMBER 1981 AND $40 TO $70 MILLION IN JANUARY 1982. 2/ RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUA'L TO REQUIRED RESERVES AT OTHER INSTITUTIONS. 3/ 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. 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 institutions* Period nonborrowed total? ! required Monetary base3 millions of dollars 1981—AUG. SEPT. OCT, NOV. DSC. 41,023 40,591 40,711 40,948 41,924 39,604 39,134 39,531 40,285 41,287 40,731 40,177 40,433 40,604 41,604 165.4 163.9 164.3 166.3 169.7 1982—JAN. FEB. BAR. APR. HAY JUNE JULY AUG. SEPT. P 43,203 41,286 39,235 39,557 39,550 39,565 39,967 40,178 39,972 41,685 39,496 37,680 37,989 38,433 38,360 39,275 39,662 39,039 42,784 40,982 38,873 39,284 39,191 39,257 39,653 39,866 39,580 169.1 166.8 165.4 167.6 169.2 170.4 172.3 172.8 172.4 1 8 15 22 29 P 40,428 39,379 39,555 40,254 40,585 39,921 38,431 38,225 39,444 39,836 40,066 38,714 39,235 40,004 40,277 172.0 173.1 172.4 172.2 171.5 6 P 13 P 40,309 39,398 39,705 39,038 39,731 38,883 173.6 173.6 WEEK ENDING: 1982—SEPT. OCT. I ' 1/ .RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVB 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 CONTJROL ACT OF 1980, THE NET CHANGES IN REQUIRED REbERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980, A REDUCTION OF $2.9 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, 1.981, AN INCREASE OF $230 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION; NOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLION; FEBRUARY 11, 1982 AN INCREASE OF $170 MILLION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13, 1982, AN ESTIMATED INCREASE OF $150 MILLION; AUGUST 12, 1982 AN ESTIMATED INCREASE OF $140 MILLION; AND SEPTEMBER 2, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION. BEGINNING WITH THE WEEK ENDED DECEMBER 23, 1981, RESBRVE AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF BESERVABLE LIABILITIES TO INTERNATIONAL BANKING FACILITIES (IBFS). OH THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND U.S. AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BY $60 TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESBRVABLE EUROCURRENCY TRANSACTIONS. 2/ 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* 3/ INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT BEEK 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