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FEDERAL RESERVE statistical release H.3(502) For Immediate Release Tablet AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE Adjusted for changes in reserve requirements 1 Averages of daily figures Reserves of depository institutions total2 | nonborrowed 1 required Period millions of dollars seasonallyf adjusted 3 I Monetary base ! I j billions of dollars OCT. 2 4 , 1983 Reserves of depository institutions required totaiz j nonborrowed I millions of dollars not seasonally adjusted Monetary base3 ! billions of dollars 198?—SEPT. OCT. BOY. OEC. 35,107 35,367 35,829 36,231 34,173 34,890 35,208 35,597 34,723 34,963 35,427 35,731 167.7 168.8 169.8 171.1 34,817 35,424 36,090 36,962 33,883 34,946 35,469 36,328 34,433 35,020 35,688 36,462 167.3 168.7 171.0 174.4 1 $83—JAB. FBB. BAB. APB. BAT JUBB JOLT. AUG. SEPT. 35,634 36,100 36,803 37,153 37,129 37,612 37,800 37,694 37,718 35,104 35,517 36,011 36,144 36,177 35,976 36,347 36,148 36,277 35,086 35,664 36,370 36,677 36,680 37,132 37,293 37,247 37,219 171.9 173.8 176.1 177.3 178.8 180.3 181.1 182.1 183.4 37,611 35,973 36,056 36,911 36,637 36,787 37,341 37,064 37,387 37,082 35,390 35,264 35,902 35,685 35,151 35,888 35,518 35,946 37,063 35,537 35,623 36,435 36,188 36,306 36,833 36,618 36,889 173.2 171.8 173.6 176.3 177.8 179.6 181.7 181.8 182.9 37,959 37,246 38,033 37,615 36,713 36,096 35,936 36,337 37,202 36,842 37,688 37,171 183.1 183.1 183.6 183.7 37,129 I 36,564 37,890 37,877 35,883 35,414 35,793 j 36,599 36,372 36,160 37,545 37,433 ! 184.0 182.7 183.0 181.9 37,787 37,446 37,517 36,371 36,172 36,940 37,130 1 36,694 37,254 184.1 184.0 184.5 37,704 36,815 37,859 36,288 1 35,541 37,282 37,047 36,063 37,596 183.4 1 184.5 184.9 I BXEK SBDIBG: 1983—SEPT. 7 14 2% 28 OCT. 1/ 2/ 3/ 5 P 12 P 19 P I BBSBBVB AGGBBGATBS INCLUDE BBQUXBEO BESBBVBS OF BBBBBB BABKS ABO BOGE ACI COBPOBATIOBS ABO GTHBB DAPOSITGBY IBSTITUTIONS. DISCOBTIB0ITIBS ASSOCXATB0 BXTH THE XBPLBBBBTATXOB OF TBE JOHETABY CONTBOL ACT, TBE IHCIOSIOB OF EDGE ACT COBPOBAIXOB BBSEBVES, ABO OTBEB CBABGES IN BEGULATXCB 0 BAYB fiBBB BEHOVED. BBSBBYB BALABCBS KITH FBOEBAL BBSBBVB BABKS (BHICfl EXCLUDE BEQUIBEO CLBABIBG BALANCES) PLUS VAULT CASB AT IBSTXT0TXOBS BITS BBQOIBBO BBSBBYB BALABCBS PLUS VAULT CASB EQUAL TO BEQUIBEO BBSEBVES AT 01BBB IBSTI3UTX0BS. XBCLUDBS BESEEfE BkLAECES ABO BEQUIBEO CLBABIBG BALABCBS AT FBOEBAL BBSEBYE BABKS IB TBE CUfiBENT BIBB PLUS VAULT CASH BBLO TBO BBBKS BABLIEB USED TO SATXSFI BESEBVE BEQOXBEBEBTS AT ALL DEPOSITOBI INSTITUTIONS PLUS CUBBEBCY OUTSIDB THE U.S. TBEASUBY, FBOEBAL BBSEBYE BABKS, TAB VAULTS OF DEPOSXTOBX INSTITUTIONS, ABO SUBPLUS VAULT CASB AT DEPOSITOBI INSTITUTIONS. NOTE: HISTOBICAL DATA ABE AVAILABLE FBOH THE BANKING SECTION, DIVISION OF BESIABCB ABO STATISTICS, BOABD OF GOVBBBOBS OT TBE fEDEUAL BESEBVE SISTEB, BASBIBGTOB, O.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 dollars 1982—SEPT. OCT. NO 9 . DEC. 39,962 1*0,587 41,199 41,853 39,028 40,109 40,578 41,219 39,578 40,182 40,797 41,353 172.4 173.8 176.0 179.3 1983—-JAN. FEB. MAR. APB. HAY JUNE JULY AUG. SEPT- 41,864 39,798 38,035 38,650 38,282 38,415 38,948 38,661 37,917 41,334 39,215 37,243 37,640 37,330 36,779 37,495 37,115 36,476 41,316 39,362 37,602 38,174 37,833 37,934 38,440 38,214 37,418 177.9 176.0 175,9 178.4 179.8 181.6 183.7 183.8 183.5 7 14 21 28 37,671 37,118 38,431 38,370 36,425 35,968 36,334 37,092 36,914 36,714 38,086 37,*26 184.5 183.3 183.5 182.4 5 P 12 P 19 P 38,186 37,321 38,357 36,770 36,047 37,780 37,529 36,569 38,094 183.9 185.0 185.4 HEEK ENDING: 1983—SEPT- OCT. 1/ RESEB7ES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES HITH NO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED HITH THE IMPLEMENTATION OF THE MONETARY CONTBOL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER IHE TRANSITIONAL PHASE-IN PROGRAM OF THE MONETARY 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 FOLIOHS: 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; 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 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13, 1982, AN ESTIMATED INCBEASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AN ESTIMATED REDUCTION OF $1.2 BILLION; OCTOEEB 28, 1982, AN ESTIMATED REDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED REDUCTION OF $800 MILLION; MARCH 3, 1983, AN ESTIMATED REDUCTION OF $1.9 BILLION; AND SEPTEMBER 1, 1983, AN ESTIMATED REDUCTION OF $1.1 BILLION. BEGINNING HITH IHE HEEK ENDED DECEMBER 23, 1981, RESERVE 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 AGENCIES AND ERANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES HEBE LOHERED ON AVERAGE BY $60 TO $90 MILLION IN DECEMBER 198 AND $180 TO $230 MILLION IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE EUROCURRENCY TRANSACTIONS. ALSO, BEGINNING HITH THE HEEK ENDING APRIL 20, 1983, REQUIRED RESERVES HERE REDUCED AN ESTIMATED $80 MILLION AS A RESULT OF THE ELIMINATION OF BESEBVE REQUIREMENTS ON NONPERSONAL TIME DEPCSI1S HITH MATURITIES OF 2-1/2 YEARS CR MORE TO LESS THAN 3-1/2 YEABS. 2/ RESERVE BALANCES HITH FEDERAL RESERVE BANKS (BHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT INSTITUTIONS HITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS. 3/ INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDEBAL RESERVE BANKS IN IHE CURRENT HEEK PLDS VAULT CASH HELD TWO HEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AI ALL DEPOSITORY INSTITUTIONS PLUS CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEfOSITCBY INSTITUTIONS, AND SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
@FedFRASER