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FEDERAL RESERVE statistical release I / I 0, <% % H,S(5Q2) . Xf/ Table 1 *L*tSA Average of daily figures Member bank reserves 1 total required nonborrowed Monetary base2 Releme O C T O * » > 2 0 , T980 0 AGGREGATE RESERVES AND MEMBER BANK DEPOSITS Period vr ft>t/tmmediate total millions of dollars Deposits subject to reserw^requireiftents time and I private demarra^opsrau savings total net interbank billions of dollars fjP»F — L i s — government demand seasonal I\f adjusted 1979—AUG. SEPT. OCT. NOV. DEC. 41,110 41,429 42,199 43,057 43,567 40,025 40,089 40,177 41,151 42,095 40,888 41,238 41,927 42,812 43,126 148.6 150.0 151.5 152.8 153.8 625.4 631.5 638.2 641.9 644.4 436.3 441.7 446.6 450.1 451.1 187.0 188.1 189.8 190.0 191.5 12.2 13.3 15.1 14.7 15.4 174.8 174.7 174.7 175.3 176.1 2.1 1.7 1.7 1.9 1.8 1980—JAN. FEB. MAB. APR. HAY JUNE JULY AUG. SEPT. 43,441 43,350 43,687 44,854 44,458 43,982 42,795 40,757 41,536 42,200 41,695 40,864 42,398 43,439 43,603 42,400 40,099 40,225 43,191 43,139 43,483 44,649 44,268 43,759 42,514 40,450 41,272 154.7 155.6 156.7 157.9 158.5 159.0 158.8 158.2 159.5 643.7 647.2 649.1 655.4 656.8 658.0 658.5 667.8 678.1 451.9 454.4 457.9 464.2 46 7 . 7 467.9 467.0 474.2 481.9 189.5 190.9 189.4 188.7 187.3 188.4 189.1 191.5 194.4 13.6 14.5 15.6 17.2 17.1 16.9 16.6 14.4 15.9 176.0 176.4 173.9 171.5 170.2 171.5 172.5 177.1 178.6 2.3 1.9 1.8 2.4 1.8 1.7 2.5 2.1 1.8 P P P P 41,528 41,136 41,354 41,801 40,180 40,542 40,141 40,171 41,039 40,897 41,050 41,747 159.5 158.6 159.4 159.9 673.2 680.0 679.1 676.9 478.8 481.3 481.6 482.8 192.5 196.3 195.7 192.5 16.0 16.1 15.3 15.0 176.5 180.3 180.4 177.5 1.9 2.4 1.8 1.6 1 P 8 P 41,912 41,531 40,039 40,283 41,534 41,137 160.7 160.1 677.5 682.4 433.6 484.9 192.4 195.0 15.6 15.9 176.8 179.1 1.5 2.6 1979—AUG. SEPT. OCT. NOV. DEC. 40,715 41,054 42,280 42,997 44,020 39,630 39,713 40,258 41,092 42,547 40,494 40,862 42,007 42,753 43,578 148.4 149.4 151.3 153.5 156.3 620.4 629.1 637.8 642.2 652.6 434.2 439.5 445.7 449.2 452.0 184.5 187.5 190.5 191.3 198.6 12.0 13.3 15.1 15.2 16.0 172.6 174.2 175.4 176.2 182.6 1.7 2.1 1.6 1.7 2.0 1980—JAN. FEB. MAP. APE. MAY JUNE P JULY P AUG. P SEPT. P, 45,179 43,177 43,114 44,888 43,975 43,495 42,873 40,382 41,182 43,938 41,522 40,291 42,433 42,957 43,115 42,478 39,724 3 9,871 44,928 42,966 42,910 44,683 43,785 43,272 42,592 40,074 40,919 155.9 154.0 154.9 157.5 157.8 158.6 159.6 158-0 159.0 652.1 643.9 648.0 657.7 651.5 656.9 658.2 662.5 675.5 454.6 455.8 460.6 464.7 467.7 467.4 «66. 0 471.8 479.5 195.4 186.2 185.5 190.4 182.1 187.2 190.0 189.0 193.9 14.5 14.3 15.2 16.8 16.2 16. 6 16.8 14.2 180.9 172.0 170.4 173.6 165.9 170.6 173.2 174.8 2.1 1.8 1.9 2.6 1.7 2.3 2.2 1.7 15.8 178.0 2.1 P P P P 41,099 40,291 40,719 41,652 39,751 39,697 39,506 40,022 40,610 40,052 40,415 41,598 159.0 158.9 158.8 159.0 667.0 677.4 679.5 672.3 476.3 478.7 478.9 480.2 189.3 196.6 198.2 189.9 14.4 16.5 15.4 15.0 174.9 180.1 182.7 174.8 1.4 2.1 2.5 2.3 1 P 8 P 42,257 41,177 40,384 39,929 41,879 40,783 159.4 160.2 674.5 684.2 482.1 484.4 190.6 197.2 15.4 16.5 175.2 180.7 1.7 2.7 P P P P WEEK ENDING • 1980—SEPT. 3 10 17 24 OCT. not seasonally adjusted WEEK ENDING : 1980—SEPT. 3 10 17 24 OCT. I \ See reverse side for explanation of footnotes. M Table 2 AGGREGATE RESERVES AND MONETARY BASE Adjusted for changes in reserve requirements3 Averages of daily figures Member bank reserves required Period total I non borrowed millions of dollars seasonal I f adjusted Monetary base total billions of dollars Monetary base Member bank reserves required I non borrowed millions of dollars ^___ billions of doflars not seasonally adjusted 1979—AUG. SEPT. OCT. NOV. DEC. 38,414 38#696 39,289 39,439 40,047 37,329 37,356 37,267 37,534 38,575 38,192 38,505 39,017 39,195 39,606 145.9 147.3 148.6 149.2 150.2 38,037 38,337 39,376 39,388 40,490 36,951 36,996 37,354 37,483 39,017 37,815 38,145 39,104 39,144 40,048 145.7 146.7 148.4 149.9 152.8 1980—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. 40,015 39;956 40,084 40,132 40,128 40,101 40,191 40,730 41,507 38,774 38,301 37,260 37,676 39,110 39,721 39,797 40,071 40,196 39,764 39,745 39,880 39,927 39,938 39,878 39,910 40,422 41,244 151.3 152.2 153.1 153.2 154.2 155.1 156.2 158.1 159.5 41,715 39,761 39,500 40,155 39,667 39,618 40,281 40,354 41,154 40,474 38,106 36,677 37,700 38,649 39,239 39,886 39,696 39,842 41,464 39,550 39,296 39,951 39,478 39,395 40,000 40,046 40,890 152.5 150.5 151.3 152.8 153.5 154.7 157.0 158.0 158.9 P P P P 41,496 41,105 41,324 41,774 40,148 40,511 40,111 40,144 41,007 40,866 41,020 41,720 159.4 158.6 159.3 159.9 41,067 40,260 40,689 41,625 39,719 39,666 39,476 39,995 40,578 40,021 40,385 41,571 159.0 158.8 158.8 158.9 1 P 8 P 41,887 41,505 40,014 40,257 41,509 41,111 160.7 160.1 42,233 41,151 40,360 39,903 41,855 40,757 159.3 160.2 P P P P WEEK ENDING : 1980—SEPT. OCT. 3 10 17 24 PRELIMINARY MEMBEB BANK RESERVES SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES IN REGULATIONS D AND M. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIRMENT WAS IMPOSED ON "MANAGED LIABILITIES11. ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. THIS ACTION RAISED REQUIRED RESERVES $318 MILLION. EFFECTIVE MARCH 12, 1980, THE 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS. IN ADDITION THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS REDUCED. THIS ACTION INCREASED REQUIRED RESERVES ABOUT $1,693 MILLION IN THE WEEK ENDING APRIL 2, 1980. EFFECTIVE MAY 29, 1980, THE MARGINAL RESERVE REQUIREMENT WAS REDUCED FROM 10 TO 5 PERCENTAGE POINTS AND THE EASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS RAISED. THIS ACTION REDUCED REQUIRED RESERVES ABOUT $980 MILLION IN THE WEEK ENDING JUNE 18, 1980. EFFECTIVE JULY 24, 1980 THE 5 PERCENT MARGINAL RESERVE REQUIREMENT ON MANAGED LIABILITIES AND THE 2 PERCENT SUPPLEMENTARY RESERVE REQUIREMENT AGAINST LARGE TIME DEPOSITS WERE REMOVED. THESE ACTIONS REDUCED REQUIRED RESERVES ABOUT $3.2 BILLION. INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NCNMEMBER EANKS. RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS, THE INCLUSIONS OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K, AND M. HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551.
@FedFRASER