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March 1982 a /3 ^ RESERVES 07 DEPOSITORY INSTITUTIONS 1151- ? I. The attached tables contain aggregate reserves and monetary base series that reflect the latest changes due to bench marking and revised seasonal adjustment factors. Because regulatory changes in reserve requirements cause discontinuities in aggregate reserves and monetary base series, historical data are presented in two forms, one unadjus ted for such breaks and the other break-adjusted. Table 1 (month ly) and Table 3 (weekly) present data on reserves measures and the monetary base adjusted to remove breaks caused by regulatory changes in reserve requirements. Table 2 (monthly) and Table 4 (weekly) contain observed data (not break-adjusted) on reserves measures and the monetary base. Break-adjusted series are shown on both a seasonally adjusted and not seasonally adjusted basis; / 7- 7 ^ not break-adjusted series are shown not seasonally adjusted. curred in association with changes in Regulations D, J, K, and **> M and with the transitional phase-in of required reserves under Regulatory variations in reserve requirements have oc the Monetary Control Act of 1980. For example, before the imple mentation of reserve requirements on nonmember institutions un der the Monetary Control Act of 1980 on November 13, 1980, reserves data in Tables 2 and 4 are for member commercial banks only; thereafter, reserves are shown for all depository institu tions. Thus, in Tables 2 and 4, changes in reserve series com puted across periods that include such discontinuities do not 2 provide meaningful measures. Figures in Tables 1 and 3 are con-, structed to remove such discontinuities, and thus can be used for calculating meaningful growth rates and for performing most other analysis. Several statistical methods are available for removing breaks in these series. A multiplicative method is used to ad just historical data by estimating what required reserves would have been in past periods had current reserve requirements been in effect. This method produces new adjusted historical series when there is a change in the reserve requirement structure, thus maintaining consistency between historical and current lev els. The adjusted series exclude marginal required reserves and reserves held against Eurodollar liabilities, certain obliga tions of domestic affiliates, and ineligible acceptances (fi nance bills). Current data, monthly and weekly, actual and adjusted basis, are published on the Board's H.3 release, "Aggregate Re serves and Member Bank Deposits". Weekly seasonally adjusted data are shown on the H.9 release, "Weekly Summary of Banking and Credit Measures". Monthly seasonally adjusted data are also published in the Federal Reserve Bulletin. D e s c r i p t i o n o f B re a k A d ju stm e n t, P r o c e d u r e s Historical aggregate reserves and monetary base series adjusted for changes in Regulations D, J, K, and M , including changes associated with the transitional phase-in of reserve 3 requirements under the Monetary Control Act of 1980, are con structed in the following manner: 1. For the week in which reserve requirements against deposits change due to a change in Regulation D, required reserves are calculated on both the old and the new reserve requirement basis for the type of deposits affected. 2. The ratio of "new" required reserves to "old" re quired reserves for the particular deposit type is calculated and this ratio' is applied to actual re quired reserves for that deposit type for all weeks prior to the change in Regulation D. 3. As the ratio is applied back through time, it is adjusted for earlier breaks in series due to chan ges in Regulation D by multiplying the current ratio by the ratio calculated at the time of the previous change in Regulation D. (This procedure is carried back, weekly, to January 1959; monthly averages are derived from prorations of the weekly data). 4. Adjustments for breaks in series due to changes in reserve requirements on other reservable liabili ties (i.e., certain obligations of domestic affili ates, ineligible acceptances (finance bills), and Eurodollar liabilities) and marginal reserve require ments are made by subtracting the sum of such re quired reserves from the actual series. I. 1/ Effective September 1, 1960, the reserve requirement of cen tral reserve city banks against their net demand deposits was reduced from 18 percent to 17-1/2 percent. This action reduced required reserves approximately $120 million. 2/ Effective November 24, 1960, the reserve requirement of coun try banks against their net demand deposits was increased from 11 percent to 12 percent. This action increased re quired reserves approximately $380 million. 3/ Effective December 1, 1960, the reserve requirement of cen tral reserve city banks against their net demand deposits was reduced from 17-1/2 percent to 16-1/2 percent. This ac tion reduced required reserves approximately $250 million. 4/ Effective October 25, 1962, the reserve requirement of re serve city banks against their time deposits was reduced from 5 percent to 4 percent. This action reduced required reserves approximately $410 million. 5/ Effective November 1, 1962, the reserve requirement of coun try banks against their time deposits was reduced from 5 per cent to 4 percent. This action reduced required reserves approximately $360 million. 6_/ Effective July 14, 1966, reserve requirement of reserve city banks against time deposits (other than savings deposits) in excess of $5 million was increased from 4 percent to 5 per cent. This action increased required reserves approximately $350 million. 2/ Effective July 21, 1966, reserve requirement of country banks against time deposits (other than savings deposits) in excess of $5 million was increased from 4 percent to 5 per cent. This action increased required reserves approximately $70 million. 8/ Effective September 8, 1966, reserve r e q u i r e m e n t of reserve city banks against time deposits (other than savings depos its) in excess of $5 million was increased from 5 percent to 6 percent. This action increased required reserves approxi mately $370 million. 2/ Effective September 15, 1966, reserve requirement of country banks against time deposits (other than savings deposits) in excess of $5 million was increased from 5 percent to 6 per cent. This action increased required reserves approximately $75 million. II. 10/ Effective March 2, 1967, reserve requirement of all member banks against savings deposits and the first $5 million of time deposits was reduced from 4 percent to 3-1/2 percent. This action reduced required reserves approximately $425 mil lion. 11/ Effective March 16, 1967, reserve requirement of all member banks against savings deposits and the first $5 million of time deposits was reduced from 3-1/2 percent to 3 percent. This action reduced required reserves approximately $425 mil lion. 12/ Effective January 11, 1968, reserve requirement of reserve city banks against net demand deposits in excess of $5 mil lion was increased from 16-1/2 percent to 17 percent. This action increased required reserves approximately $360 mil1 ion. 13/ Effective January 18, 1968, reserve requirement of country banks against net demand deposits in excess of $5 million was increased from 12 percent to 12-1/2 percent. This action increased required reserves approximately $190 million. 14/ Effective April 17, 1969, reserve requirement of all member banks against net demand deposits was increased 1/2 percent age point. This action increased required reserves approxi mately $660 million. 15/ Effective October 16, 1969, a 10 percent marginal reserve re quirement was established on certain foreign borrowings, pri marily Eurodollars, by member banks and on the sale of assets to their foreign branches. This action increased required reserves approximately $415 million. 16/ Effective October 1, 1970, reserve requirement of all member banks against time deposits (other than savings deposits) in excess of $5 million was reduced from 6 percent to 5 percent. At the same time, a 5 percent reserve requirement was imposed against funds obtained by member banks through the issuance of commercial paper by their affiliates. This action reduced required reserves approximately $500 million (net). 17/ Effective January 7, 1971, the reserve percentage required to be maintained against certain foreign borrowings, primarily Eurodollars, by member banks, and the sale of assets to their foreign branches was raised from 10 percent to 20 percent. This action had little effect on required reserves. Ill. 18/ Effective November 9, 1972, Regulations D and J were revised to (1) adopt a system of reserve requirements against demand deposits of all member banks based on the amount of such de posits held by a member bank, and (2) to require banks— mem ber and nonmember— to pay cash items presented by a Federal Reserve Bank on the day of presentation in funds available to the Reserve Bank on that day. These changes reduced re quired reserves approximately $2.5 billion, effective Novem ber 9; $1.0 billion, effective November 16; and increased required reserves $300 million, effective November 23. 19/ Effective June 21, 1973, the Board amended its Regulation D to establish a marginal reserve requirement of 8 percent against certain time deposits and to subject to the 8 percent reserve requirement certain deposits exempt from the rate limitations of the Board's Regulation Q. In addition, re serves against certain foreign branch deposits were reduced from 10 percent to 8 percent. These changes had little effect on required reserves. 20/ Effective July 12, 1973, reserve requirements were imposed against finance bills. This action increased required re serves approximately $90 million. 21/ Effective July 19, 1973, reserve requirement against all net demand deposits, except the first $2 million was increased 1/2 percentage point. This action increased required re serves approximately $760 million. 22/ Effective October 4, 1973, the marginal reserve requirement against certain time deposits was increased from 8 percent to 11 percent. This action increased required reserves approximately $465 million. 23/ Effective December 27, 1973, the marginal reserve requirement against certain time deposits was reduced from 11 percent to 8 percent. This action reduced required reserves approxi mately $360 million. 24/ Effective September 19, 1974, the marginal reserve require ment against time deposits in denomination greater than $100,000 and more than 4 month maturity was eliminated. This action reduced required reserves approximately $510 million. 25/ Effective December 12, 1974, reserve requirement against all time deposits with an original maturity of six months or longer was reduced from 5 percent to 3 percent; reserve re quirement against all time deposits with an original maturity of less than six months was increased from 5 to 6 percent; and reserve requirement against net demand deposits over $400 IV. million was reduced from 18 percent to 17-1/2 percent. In addition, the 3 percent marginal reserve requirement on large certificates of deposit with an initial maturity of less than four months was removed. This action reduced required re serves approximately $710 million. 26/ Effective February 13, 1975, reserve requirement against all categories of net demand deposits up to $400 million was re duced by one-half of 1 percentage point, and reserve require ment against net demand deposits of more than $400 million was reduced 1 percentage point. This action reduced required reserves approximately $1,065 million. 27/ Effective May 22, 1975, reserve requirement against foreign borrowings of member banks, primarily Eurodollars, was re duced from 8 percent to 4 percent. This action reduced re quired reserves approximately $80 million. 28/ Effective October 30, 1975, reserve requirement against mem ber bank time deposits with an original maturity of four years or more was reduced from 3 percent to 1 percent. This action reduced required reserves approximately $360 million. 29/ Effective January 8, 1976, reserve requirement on time depos its maturing in 1|0 days to 4 years was reduced from 3 per cent to 2-1/2 percent. This action reduced required reserves by approximately $500 million. 30/ Effective December 30, 1976, reserve requirement against net demand deposits up to $10 million was reduced by 1/2 percent age point, and reserve requirement against net demand depos its over $10 million was reduced by 1/4 percentage point. This action reduced required reserves by approximately $550 million. 31/ Effective November 2, 1978, a supplementary reserve require ment of 2 percentage points was imposed on time deposits of $100,000 or more. This action increased required reserves approximately $3,0 billion. 32/ Effective October 11, 1979, a marginal reserve requirement of 8 percent wan imposed on "managed liabilities" of member banks, Edge corporations, and U.S. agencies and branches of foreign banks above a base average for the two weeks ending September 26, 1979. Managed liabilities include large time deposits ($10Q,000 and over with maturities of less than one year), repurchase agreements against U.S. government and federal agency securities, Eurodollar borrowings, and feder al funds borrowings from a nonmember institution. On Octo ber 25, required reserves and reserves held by Edge Corpora tions were included in member bank reserves. (Previously V. reserves held by these institutions were recorded as "other deposits" by Federal Reserve Banks.) These actions raised re quired reserves approximately $355 and $320 million, respec tively. 33/ Effective March 12, 1980, the 8 percentage point marginal reserve requirement was raised to 10 percent. In addition, the base upon which the marginal reserve requirement is cal culated was reduced. This action increased required reserves about $1.7 billion. 34/ Effective May 29, 1980, the marginal reserve requirement was reduced from 10 to 5 percentage points and the base upon which the marginal reserve requirement is calculated was raised. This action reduced required reserves about $980 million. 35/ Effective July 24, 1980, the 5 percent marginal reserve re quirement on managed liabilities and the 2 percent supplemen tary reserve requirement against large time deposits were re moved. These actions reduced required reserves about $3.2 billion. 36/ Effective November 13, 1980, required reserves of member banks and Edge Act corporations were reduced about $4.3 bil lion and required reserves of other depository institutions were increased about $1.4 billion due to the implementation of the Monetary Control Act of 1980. 37/ Effective February 12, 1981, in conjunction with the transi tional phase-in program under the Monetary Control Act, re quired reserves of certain nonmember banks and foreign-rela ted institutions increased by approximately $245 million effective February 18, 1981. 38/ Effective March 12, 1981, in conjunction with the transition al phase-in program under the Monetary Control Act, required reserves of small nonmember "quarterly reporters" increased &75 million. 39/ Effective May 14, 1981, in conjunction with the transitional phase-in program under the Monetary Control Act, required reserves of certain nonmember banks and foreign-related in stitutions increased by approximately $245 million. 40/ Effective August 13, 1981, in conjunction with the transi tional phase-in program under the Monetary Control Act, re quired reserves of certain nonmember banks and foreign-rela ted institutions increased $245 million. VI. 41/ Effective September 3, 1981, in conjunction with the transi tional phase-in program under the Monetary Control Act, re quired reserves of member banks were reduced $2.2 billion, and required reserves of other depository institutions were increased $0.9 billion. 42/ Effective November 12, 1981, in conjunction with the transi tional phase-in program under the Monetary Control Act, re quired reserves of certain nonmember banks and foreign-related institutions increased $220 million. 43/ Effective January 14, 1982, the low reserve tranche for trans action accounts at depository institutions was raised from $25 million to $26 million. This action reduced required reserves approximately $60 million. 44/ Effective February 11, 1982, in conjunction with the transi tional phase-in program under the Monetary Control Act, re quired reserves of certain nonmember banks and foreign-related institutions increased $220 million. TABLE t AGGREGATE RESERVES Of DEFOSITORI INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1959 1960 1961 1962 SEASONALLY ADJUSTED L TOTAL | NGN| NON| REQUIRED I J RESERVES | BORROWED J BORROWED J RESERVES 1 i RESERVES 1 RESERVES | PLUS | 1 1 l _ 1 1 EXT. CR. 1 15191. | JAN...| 14639. | 14639. | 14693. FEB...| 15223. J 14718. J 14718. J 14769. MAR...| 15168. | 14568. | 14568. | 14707. 15220. | 14528. J 14528. | 14788. APE...J MAY...J 15155. | 14734. 14413. | 14413. J JUN...I 15055. | 14125. | 14125. i 14648. JUL...| 14260. | 14260. J 15222. I 14806. AUG...J 15293. | 14302. | 14845. 14302. | 14315. | SEP...| 15242. i 14315. J 14799. 14240. | 14240. | 14707. OCT...J 15148. I NOV...i 15140. | 14281. i 14281. | 14696. 14244. | 14244. | DEC.••| 15185. | 14679. J I JAN...| 14256. | 14256. I 14629. 15143. J 14915. | 14105. | 14105. | 14461. FEB...1 14393. 14816. | 14175. J 14175. i MAE...J 14176. | 14355. APE...1 14781. [ 14176. | 14874. | 14379. < 14430. MAY...| 14379. | 14450. 14929. | 14495. | 14495. J JUN...| JUL...1 15075. | 14696. I 14575. 14696. | 14654. 15196. J 14901. | AUG...| 14901. | 15064. | 15279. J 15C64. | 14652. SEP...J 14707. 15369. | 15202. | 15202. | OCT...| 15334. | 14725. NOV...| 15467. | 15334. | 14664. DEC.••J 15334. | 15334. | 15408. | i l i i I I I 15515. | JAN...J 15449. | 15449. | 14743. 15468. | 15336. J 14820. FEB...I 15336. | MAE...| 14818. 15363. | 15293. i 15293. J 15384. J 14767. 15327. J 15327. | APE...J 15216. | 15311. | 15216. | 14755. MAY...| 15318. | 15318. | 14791. JUN...J 15381. I JUL...| 15442. i 15388. | 15388. | 14827. 15614. | 15548. | 15034. AUG...1 15548. | 15699. | 15662. | 15662. | 15120. SEP...| 15811. | 15350. OCT...J 15882. | 15811. | 15376. 15967. | 15869. | NOV...1 15869. J 15407. 15858. | 15858. | DEC...J 15991. | | i 1 15369. 15905. | 15905. | JAN...| 15991. | 15764. | 15764. J 15329. FEB...j 15831. | 15733. | 15351. MAE...1 15822. | 15733. | APR...j 15441. 15933. | 15861. | 15861. | MAY...J 16012. J 15952. J 15952. | 15495. 15504. 15875. | 15875. | JUN...| 15977. | 16064. j 15973. | JUL...| 15530. 15973. | AUG...J 16039. | 15915. | 15915. | 15509. SEP...I 16104. | 16023. | 16023. | 15614. 16214. i 16151. | 15736. OCT...I 16151. | 16151. J NOV...J 16151. J 15715. 16272. | 16171. | 16171. | 16431. | 15859. DEC...| NOT SEASONALLY ADJUSTED 1 i | MONETARY J TOTAL | NONJ NON| REQUIRED 1 MONETARY 1 | BASE | RESERVES | BORROWED J BORROWED j RESERVES 1 BASE 1 J 1 1 I RESERVES | RESERVES | J | 1 J 1 1 I PLUS 1 EXT. CR. 1 1 1 J 4473— 1 44.3 | 14867. J 149217-f J 15419. I “ 4867. | 14685. | 44.0 1 44.4 | 14633. | 14633. J 15138. | | 14554. | 44.0 1 44.4 | 14415. | 15015. 1 14415. | | 14786. | 14526. J 44.2 J 15217. J 14526. | | 44.5 | 14682. 1 44.3 1 | 44.5 | 15104. | 14362. J 14362. J 44.4 1 44.5 | 14084. | 14607. | | 15014. | 14084. | 14250. J 44.8 i | 44.7 J 14250. i 15211. J 14795. J 14150. | 44.8 1 14693. | 15141. | | 44.8 | 14150. | 44.7 1 14726. i 14242. 1 44.8 1 1516-8. | i 14242. | 44.7 i 14717. | 14250. | 15157. J J 44.6 I 14250. J 14735. i 44.9 1 14320. | 44.6 1 15179. | 14320. | | 45.5 f 14972. | 44.6 | 14536. | 14536. | 15478. J | i 1 1 1 1 1 1 44.8 1 14871. 1 14498. | | 44.6 i 15385. | 14498. i 44.0 1 14382. | 44.4 1 14836. | 14026. J | 14026. | 43.9 J 14249. | J 14031. | 14031. 1 44.3 | 14672. J 44.0 1 14320. | 14141. | | 44.3 | 14746. J 14141. I 44. 1 1 14377. | 44.4 J 14326. | 14326. J | 14822. | 14420. I 44.3 i 44.4 | | 14466. | 14466. | 14900. | 44.7 1 14569. | 15070. | 14691. | 14691. | I 44.5 | 44.6 1 | 44.7 J 14511. J 15053. | 14758. J 14758. I 14584. | 44.8 1 14996. J 14996. | | 44.8 | 15211. | 45.0 i 15215. J 14719. | | 15382. J 15215. | 44.9 J 45.3 t 14762. | | 45.0 | 15505. | 15372. | 15372. | 45*8 1 14955. | 15624. | 15624. J | 15698. J 44.9 | 1 I I j 1 1 1 1 45.2 1 15686. | 14980. | 15686. I | 15752. J <*5.0 | 44.5 1 15257. J 14741. I 15390. | 15257. | | <*4.9 J 44.4 1 14686. | 15161. | i 15231. | 15161. | 44.8 | 44.5 1 14675. | 15234. | 15234. | J 44.8 J 15291. | 44,.5 1 14687. | 15147. | 15243. | 15147. | J 44.8 | 14785; | 44.8 1 | 44.9 J 15375. | 15312. J 15312. J 14819. J 45-2 1 15435. | 15381. | | 45.0 | 15381. | 45.2 1 | 45.3 | 15501. | 15436. | 14922. I 15436. | 45.5 1 15055. J 15635. J 15597. | 15597. J J 45.5 | 15366. | 45.9 J | 45.8 | 15899. | 15828. J 15828. | 46.3 1 15419. | 15913. J 15913. | | 16011. | 46.0 | 47.1 J 16150. | 15699. | 16150. | | 46.1 i 16283. 1 I 1 | I ■ i J i 46.4 J 15614. | 16150. | 16150. | 16237. | | 46.2 | 45.7 1 15677. | 15243. | 15677. I J 46.1 J 15745. | 15224. | 15606. | 15606. I 45.8 1 | 46.2 | 15695. | 46. 1 1 15824. | | 15752. | 15332. J 46.5 | 15752. | 15849,. | 15393. | 46.2 1 46.6 j 15910. | 15849. | J | 46.6 | 15495. | 46.6 1 15968. | 15866. | 15866. | 15541. | 47.0 1 16075. | 15984. | 15984. | | 46.8 1 15392. | 46.8 1 | 46.8 | 15921. | 15797. | 15797. | 16062. | 15572. | 47.0 1 1 46.9 i 15982. | 15982. I 16240. ] 15763. | 47.2 1 | 47.2 J 16178. | 16178. | 47.7 1 16295. j 15738. J 16174. | | 47.3 | 16174. | 16705,. | 16445. | 48.5 1 16133. | | 47.6 | 16445. | TABLE 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS SEASONALLY ADJUSTED NON| NON! REQUIRED TOTAL 1 I RESERVES i BORROWED i BORROWED | RESERVES 1 RESERVES 1 RESERVES | 1 | I PLUS 1 J EXT. CR. 1 16278. | 16278. J JAN...| 16424. | 15919. FEB...I 16168. ! 16168. | 16333. 1 15873. 16304. J 16156. ! 16156. J 15870. 16381. | 16251. | 15924. 16251. | APR.••1 16378. ! 16168. ! 16168. | 15948. MAY...1 16103. | 16362. ! 16103. | JUN...| 15945. 16539. 1 16242. i 16242. | JUL...J 16085. 16524. | 16195. | 16195. | AUG...| 16079. 16571. | 16253. | 16253. | 16143. SEP...| 1654b. J 16225. 1 16225. ! 16147. OCT...I 16331. | 16331. | 16238. NOV...| 16680. | 16423. 16581. | DEC...J 16913. ! 16581. | 1 1 16841. | 16567. | 16567. | 16401. JAN...| 16481. | 16370. FE5...J 16767. | 16481. i 16529. | 16420. 16806. | 16529. | MAR...| 16590. J 16449. 16801. J 16590. | APR...j 16455. 16549. | 16549. | MAY..•1 16809. | 16914. | 16646. | 16646. | 16539. JUN...1 16741. | 16741. | 16629. JUL...I 17005. ! 16894. | 16894. | 16788. AUG...| 17209. | 16965. | 16965. | 16880. 17311. J SEP...| 17058. ! 17379. | 17058. | 16981. OCI...I 17144. J NOV...j 17144. ! 17136. 17544. J 17314. | 17314. | 17577. | 17171. DEC...| | I i 1 17245. | 17245. J 17130. 17545. J JAN...J 17107. | 17107. I 17100. 17512. 1 FEB...I 17139. I 17185. 17550. ! 17139. i MAR...J 17451. 17321. | 17321. | 17792. | APR...1 17157. J 17157. ! 17319. 17652. | MAY...| 17793. ! 17256. | 17256. I 17431. JUN...! 17386. ! 17915. ! 17386. ! 17562. JUL...I 17410. | 17410. J 17561. 17957. J AUG...J 17425. | 17425. | 17979. i 17569. SEP...| 17605. ! 17605. ! 17735. 18093. 1 OCT.••1 17652. | 17652. ! 17731. NOV...I 18083. 1 17925. ! 17945. 17925. J 18369. ! DEC...J | | 1 18370. ! 17950. | 17950. ! 17991. JAN...| 18270. | 17788. ! 17788. J 17923. FEB...| 17700. | 17919. 18261. 1 17700. | MAR...| 17783. | 18064. 18419. ! 17783. ! APR...] 17782. i 18128. 18469. | 17782. | MAY...| 17760. | 18111. 17760. | 18467. i JUN...1 17907. | 17907. ! 18271. 18648. ! JUL...1 18060. 18428. | 17693. | 17693. | AUG...| 18145. 18516. | 17747. i 17747. J SEP...| 18114. 18446. | 17712. | 17712. I OCT...! 18027. 17805. J 17805. I 18412. i NOV...| 18128. 17935. J 18467. | 17935. | DEC...I L 1963 1964 1965 1966 NOT SEASONALLY ADJUSTED 1 TOTAL ! NON! NON! REQUIRED | MONETARY j ! BASE ! RESERVES ! BORROWED | BORROWED | RESERVES 1 1 1 RESERVES | RESERVES ! PLUS | 1 1 1 I EXT. CR. J ___ 1 | 4777_ ! 16673. | 16168. 165277"!' “ 6527. | | 47.8 ! 16252. | 16087. ! 15791. 16087. | J 47.9 I 16198. ! 15765. 16050. ! 16050. J | 48.2 | 16268. ! 16138. ! 16138. ! 15811. 16293. J | 48.3 ! 16083. | 16083. | 15863. 48.4 | 16389. ! | 16130. ! 16130. | 15972. 16575. | | 48.8 ! 16277. J 16277. ! 16121. 48.9 | 16325. i 15996. I 15996. | 15880. | 16114. 49.1 ! 16542. | | 16223. ! 16223. I 49.2 j 16550. | 16230. J I 16230. | 16152. 49.6 | J 16686. 1 16337. | 16337. J 16245. 17164. ! 50.0 | 16674. | 16832. | 16832. | j < i 1 50.0 I 17125. | 16850. | 16850. J 16685. ! 16655. | i 50.1 ! 16369. J 16369. | 16258. 16726. | | 50.3 | 16448,. | 16448. | 16339. 16727. | 50.5 | 16516. | 16516. J 16375. I 16354. 1 50.7 | 16709. J 16448. ! 16448. | 51.0 ! 16965. ! 16697. | 16697. 1 16590. | 16777. ! 17041. | 16777. | 16665. | 51.2 | 16990. | 51.6 | 16675. | | 16675. | 16569. 51.9 ! 16939. | 16853. 17284. | 16939. ! | 17034. | 17034. | 16958. 52.0 | 17356. | ! 17080. 52.4 ! 17488. i 17088. J 17088. | I 17574. ! 17574. | 17432. 52.5 | 17838. ! I a i i i ■ 17551. | 17436. ! 52.6 1 T7851• | 17551. i 17465. | 17061. | 17061. | 17053. | 52..8 ! 17091. j 17136. | 52.9 | 17502. | 17091. | 17220. | | 53.2 ! 17220. ! 17350. 17691. I 17330. 17168. | | 53.2 | 17663. | 17168. ! 17507. 53.5 J 17869. ! 17332. ! 17332. | ! 53.8 | 17461. | 17637. 17989. ! 17461. | | 54.1 | 17188. J 17188. | 17339. 17735. | 1 54.4 ! 17882. | 17328. ! 17328. ! 17473. | 17567. | 17697. 17567. I 54.8 | 18055. | I 17660. 18012. | 17580. J 17580. ! ! 54.9 ! 18664. | 18240. 18220. | ! 55.4 | 18220. ! a | 1 | J | ! | | | | J ! 55.7 55.8 55.9 56.3 56.5 56.6 57.0 57.0 57.2 57.2 57.4 57.5 | 1 | J ! | ! | J | | J | 18717. 18215. 18189. 18473. 18404. 18491. 18714. 18207. 18398. 18441. 18341. 18802. ! J | | | | J | | | | | « 18297. 17733. 17629. 17837. 17716. 17783. 17972. 17472. 17630. 17706. 17734. 18270. | | | | | ! | | | ! ! | | 18297. 17733. 17629. 17837. 17716. 17783. 17972. 17472. 17630. 17706. 17734. 18270. | | ! I j | J | J ! ! ! ! MONETARY ! BASE 1 1 1_ | 477“ | 47.3 | 47.5 | 47.8 | 47.9 48.4 | 49.0 | J 48.8 ! 49.1 ! 49.3 | 49.9 ! 51.0 i | | ! | J | 1 | | | | J l | | | | | J ! | | J | | 50.2 49.6 50,.0 50.1 50.4 51.0 51.4 51.5 51.8 52.1 52.7 53.5 52.9 52.4 52.5 52.8 53.0 53.5 54.1 53.9 54.2 54.8 55.3 56.5 1 18339. 17868. 17847. 18118. 18063. 18135. 18336. 17840. 18028. 18108. 17956. 18463. | ! | | | | ! | | ! | | 56.0 55.3 55.5 56.0 56.2 56.5 57.3 56.8 57.0 57.2 57.6 58.7 TABLE 1 A G G R E G A T E R E S E R V E S O F DEPOSITOBY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS SEASONALLY ADJUSTED TOTAL | NON| NONJ REQUIRED I EESEEVES | BORROWED | BORROWED | RESERVES I 1 RESERVES | RESERVES | | i 1 1 PLUS 1 _ 1 EXT. CR. 1 18672. | 18263. | 18263. | 18269. JAM...i FEB...i 18700. 1 18337. | 18337. | 18332. MAE...1 18737. | 18524. 18938. i 18737. | 19077. | 18931. | 18727. APE...J 18931. | 18943. | 18667. 19032. | 18943. | MAY... 1 19043. | 19043. | 19149. | 18796. JUN...1 19520. | 19405. | 19405. | 19102. JUL...| 19455. | 19455. | 19536. | 19171. AUG...| 19790. | 19701. i 19701. I 19448. SEP...i 19983. | 20111. 1 19776. 19983. | OCT...| 19846. NOV...| 20205. | 20073. I 20073. | 20047. | 20047. | 19899. DEC...| 20274. J i 1 20126. | 20126. | 19985. 20372. | JAN...| 19974. 20360. | FEB...| 19988. i 19988. | 19736. | 20059. 20396. | 19736. | MAE...J 19623. | 19623. | 19973. 20308. | AP*i... | 15598. | 19598. | 19979. 20339. | MAY...| 20174. 19808. | 19808. | JUN...] 20502. | 20477. 20827. i 20300. | 20300. | JUL...J 20574. 20339. | 20339. | AUG...| 20904. | 20579. 20436. | 20436. | 20940,. | SEP...| 20888. 21133. | 20690. | 20690. | OCT...| 20795. | 20795. | 21031. NOV...J 21340. | 21177. 20857. J 20857. | 21603. | DEC...| | 1 1 I I 21410. JAN...1 21657. | 20921. | 20921. | 21329. FEB...I 21583. | 20748. | 20748. | 21122. 21341. | 20439. | 20439. 1 MAE...J 21080. 20244. | 20244. | 21247. J APE...| 21246. 20127. | 20127. | 21501. 1 MAY... 1 19967. J 21048. 19967. | 21352. { JUN...i 19791. | 20819. 19791. | 2 1043. J JUL...1 19907. | 20888. 19907. | 21125. | AUG... I 20951. 20145. | 21225. | 20145. | SEP...| 20925. 19938. | 19938. | OCT...1 21088. | 20144. | 21118. 20144. J 21347. J NOV. . . { 21253. 20421. | 20421. | 21539. | DEC•••J i i 1 i 21275. 20489. j 20489. | 21449. | JAN...| 21129. 20257. | 20257. | 21337. | FEB...I 21029. 20294. | 20294. J MAE...J 21192. J 21450. 20756. | 20756. | 21601. J APE...j 21263. 20453. i 20453. | 21420. J MAY...J 20555. | 21246. 21436. | 20555. | JUN...| 21511. 21677. | 20317. | 20317. | JUL...J 21896. 22070. i 21233. | 21233. | AUG...| 22194. 21838. | 21838. j 22438. I SEP...| 22394. 22137. J 22137. 1 22599. J OCT...1 22494. 22313. | 22313. | 22727. | NOV...| 22847. 23096. | 22763. | 22763. | DEC...| [ 1967 1968 1969 1970 NOT SEASONALLY ADJUSTED I | MONETARY | TOTAL | NON1 NON| REQUIRED | BASE | EESEEVES 1 BORROWED j BORROWED | RESERVES 1 1 1 RESERVES ( RESERVES | PLUS J i i 1 1 ___ ....1 1 1 EXT. CR. 1 1 _ _ i 58.0 | 18619. | 18626. 19029. | 18619. | | 58.2 | 18651. | 18287. | 18287. | 16282. | 58.6 J 18875. | 18675. | 18675. J 18461. J 58.8 i 19068. | 18922. | 18922. | 18718. | 59.0 | 18850. | 18850. | 18575. 18939. | | 59.2 | 18972. I 18726. 19078. J 18972. | | 59.6 | 19398. | 19513. | 19398. J 19095. J 59.9 | 19226. | 19226. I 18941. 19306. J | 19654. | 60.3 | 19566. I 19566. | 19312. | 19934. | 19934. | 60.9 | 20063. | 19727. | 61.1 1 20075. J 19944. | 19944. | 19717. J 61.4 J 20361. | 20589. J 20361. | 20214. ■ ■ f l 1 l 1 | 61.8 | 20763. | 20517. | 20517. J 20376. | 62.0 | 19994. | 20367. | 19994. | 19981. | 62.3 J 20324. | 19665. | 19665. J 19987. | 62.5 J 20378. | 19693. | 19693. | 20043. | 62.7 | 20229. 1 19489. | 19489. I 19870. i 63.2 | 20432« i 19738. | 19738. | 20103. J 63.7 | 20725. | 20198. | 20198. | 20375. i 64.1 | 20105. | 20670. | 20105. J 20341. | 64.4 | 20696. 1 20193. | 20193. | 20335. 64.8 | 20710. | | 20710. | 20908. 21153. | 20711. i 65.3 J i 21256. J 20711. | 20947. | 65.9 | 21615. | 20869. | 20869. | 21189. l i i 1 i 1 I I 21585. | 21585. | 22074. 66.1 | 22321. | | 21701. j 20866. | 20866. | 21447. 66.3 J | 66.3 | 21232. | 20331. | 20331. | 21013. \ 66.3 | 21250. i 20246. | 20246. | 21083. | 20239. | 21358. 66.8 | 21613. | 20239. | J 21160. | 19775. | 66.9 J 19775. | 20856. 19759. | 20786. i 66.8 | 21011. | 19759. | 19757. | 19757. | | 67.2 | 20975. | 20739. 19911. | 67.4 | 20990. i 19911. | | 20716. 19931. | 19931. | 20918. 67.6 | | 21081. | 21245. | 20042. I 20042. | 21016. 68.2 | | 20411. | 20411. | 21529. | 21243. | 68.5 | 1 I • 1 1 1 I 68.7 | 22141. | 21182. | 21182. J | 21968. 20347. | 21427. | 20347. | | 68.8 | 21219. 21094. | 20196. | 20196. | 20931. | 68.9 | 21615. | 20770. | 20770. | 21464. | 69.6 | 21464. | 20496. | 20496. J 21306,. | 69.8 | 21236. | 20355. | 20355. | 21046. 70.0 i | 20314. | 21674. | 20314. | 21508. 70.5 | | 21000. | 21664. 21838. | 21000. | | 71.1 | 21975. 22219. | 21619. | 21619. | | 71.8 | J 22076. | 22333. 22538. | 22076. | 72.1 | 22373. 22192. | | 22607. | 22192. | 72.5 l 22855. 22771. | 22771. I 1 73.2 | 23103. | I | MONETARY 1 BASE 1 1 1 1 i 1 1 1 I 58.3 1 57.7 1 | 58.2 J | | 58.5 1 | 58.6 1 | 59.1 1 59*9 1 | 59.7 1 | | 60.2 1 | 60.8 J | 61.3 1 i 62.6 1 I * 1 1 | 62.1 1 61.5 1 | i 61.8 1 | 62.2 1 62.3 1 | | 63.1 1 | 63.9 1 | 64.0 1 64.2 1 | 64.8 I | 65.7 1 | 66,8 1 | i ■ I 66.7 1 | j 65.9 1 I 65.8 1 66.0 1 I | 66.6 J | 66.8 1 | 67.1 1 67.2 1 | 67.2 1 | 67.6 1 | | 68.5 1 69.5 1 J I i 1 | 69.2 1 68.3 1 | 68.3 1 | | 69.2 1 I 69.7 J 69.9 1 | | 70.9 1 | 71.1 i 71.5 1 | 72.0 1 | | 72.8 1 74.1 1 | TABLE 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1971 1972 1973 1974 SEASONALLY ADJUSTED I NON| TOTAL | NON| REQUIRED I J BESEBVES 1 BORRORED | BOBBONED | BESEBVES 1 RESERVES | BESEBVES | I | 1 I 1 PLUS 1 EXT. CB. 1 1_ I JAN. . 22924. | 23289. 1 22924. | 23055. FEB.. • | 23549. J 23217. | 23217. | 23295. MAR.. • | 23595. | 23276. | 23276. | 23400. APB.. • J 23618. | 23465. { 23465. | 23451. M A Y . . .' 1 23911. | 23627. | 23692. 23627. | JON.. 23804. 24005. | 23513. | 23513. | JUL.. 23360. 1 23360. J 24183. | 23999. AUG.. 24117. 24313. | 23503. 1 23503. | 24635. | SEP.. 24141. | 24141. | 24446. OCT.. 24448. | 24091. | 24091. | 24285. NOV.. 24620. | 24237. | 24237. | 24383. DEC.. 24725. 1 24599. | 24599. | 24543. 1 1 J JAN.. 25141. J 25163. | 25141. | 24957. FEB.. 25202. | 25050. 25169. | 25169. | MAB.. 25346. | 25248. | 25248. | 25156. APB.. 25667. | 25550. | 25550. | 25511. MAY.. 25763. | 25652. J 25652. | 25624. JUN.. 25971. | 25870. | 25870. | 25768. JUL.. 26127. J 25934. 25889. | 25889. | AUG.. 26476. | 26088. | 26088. | 26288. SEP.. 26422. I 25881. I 25881. J 26210. OCT. • 26789. | 26234. | 26234. | 26578. NOV.. 27236. | 26628. | 26628. | 26882. DEC.. 27670. | 26620. | 26620. | 27386. i I 1 ■ 1 JAN.. 27962. | 26802. | 27704. 26802. | FEB.. 27865. i 26272. | 26272. | 27668. MAB.. 28217. J 26392. | 26392. | 28007. APB. • 28204. | 26492. J 26492. J 27981. MAY.. 28209. | 26366. | 26367. | 28070. JUN.. 28409. J 26559. 1 26567. | 28192. 28844. I JUL.. 26891. | 26923. | 28561. AUG.. 28807. | 26643. | 26668. | 28635. SEP. . 27041. j 28893. 1 27067. | 28662. OCT.. 29181. | 27705. J 27721. | 28929. NOV.. 29156. | 27763. | 27763. | 28931. DEC.. 29255. | 27956. | 27956. | 28951. i I ■ ■ 1 JAN.. 29783. | 28732. | 28735. | 29621. FEB.. 29636. | 28445. 1 28445. | 29452. MAB.. 29582. | 28268. j 28268. i 29448. APB.. 29946. | 29764. 28209. | 28209. 1 MAY.. 30213. | 30053. 27623. | 28280. | JUN.. 30369. | 27363. | 28588. | 30171. JUL.. 30654. | 27353. | 28783. | 30492. AUG.. 30664. | 30476. 27328. | 28865. | 30567. SEP.. 30748. | 27466. | 29094. | OCT.. 30807. | 30687. 28994. | 29480. | NOV.. 30851. | 30646. 29599. | 29759. | 31062. | 30804. DEC.. 30335. J 30482. | NOT SEASONALLY ADJUSTED i NON| REQUIRED TOTAL | | MONETARY | NON| J BASE | BESEBVES | BOBBONED | BORROWED | RESERVES 1 I RESERVES | RESERVES | 1 PLUS | I 1 I i I i EXT. CR. | _ i 1 23711. | 23841. 24075. | 23711. | | 73.7 | 23336. J 23667. | 23336. | 23413. | 74.3 | 23160. | 23160. | 23284. | 74.7 | 23479,. | 23494. 23508. | { 75.1 | 23508. I 23662. | 23725. | 23790. 23725. | | 24009. | 75.6 | J 76.0 | 23612. 23813. | 23321. | 23321. | 24174. 1 23351. | J 76.8 J 23351. | 23990. I 23874. 24070. | 23260. | 23260. | 77.1 | 23867. | 23867. | 24172. | 77.7 i 24362. | 24379. | 24022. J 24216. | 24022. | 77.8 J 78.1 l 24102. | 24102. | 24248. | 24485. | 78.4 | 24778. | 24652. | 24652. | | 24596. | 1 1 i 1 | 26018. | 26039. | 26018. | 79.1 J 25833. | 25263. | 25230. | 79.6 | 25230. | 25110. J 80.1 | 25193. | 25095. | 25003. 25095. | 25644. | | 25761. | 25644. | 25605. 80.6 | J 81.0 j 25851. | 25851. | 25962. | 25822. 81.5 J | 25732. | 25632. J 25529. 25632. | | 82.0 J 25965. 26159. | 25921. I 25921. | | 82.7 | 26156. | 25768. | 25768. | 25968. J 25577. | 83.0 | 26119. J 25577. | 25907. | 26697. J 26142. | 83.9 | 26486. 26142. J | 26411. | 26411. | 26665. 84.9 | 27019. | J 85.7 | 26639. | 26639. | 27689. | 27405. i f l f l | | 1 1 | 86.4 | 29014. | 27854. | 27854. | 28756. 26336. J | 86.7 | 27929. | 26336. | 27732. | 87.4 | 28015. | 26191. | 27805. 26191. | | 28371. J 88.0 j 26660. | 26660. { 28148. J 88.4 | 26544. | 28386,. | 26545. | 28248. | 26270. | 27904. 89.0 | 28121. | 26279. | | 28918. I 89.7 | 26965. | 26997. | 28634. J 90.0 | 28474. 1 26309. | 26334. | 28302. J 90.5 | 28524. | 26672. | 26698. | 28294. | 91.2 | 29057. | 27597. | 28804. 27581. | | 91.5 | 29005. J 27612. | 28780. 27612. | J 29470. | 29166. 92.1 J 28172. | 28172. | 1 ■ | 1 1 I | 93.2 | 30934. J 29883. | 29886. | 30772. | 93.7 | 29655,. | 28464. | 28464. | 29471. i 94.2 | 27978. | 29157. 29292. | 27978. | J 95.2 1 30087. | 28350. | 28350. | 29905. | 95.9 | 30274. | 27684. J 28342. | 30114. 96.4 | | 27026. J 29834. 30032. 1 28252. J | 97.1 | 30766. | 27465. | 28895. | 30604. | 97.7 | 30326. | 26990. | 28527. | 30138. | 98.3 J 30372. | 27090. | 28718. | 30191. J 99.0 | 30691. | 28878. | 29363. | 30570. 1 99.6 | 30794. | 29542. | 29701. | 30589. | 100.4 | 31401. J 30673. | 30820. | 31142. I | MONETARY I | BASE I 1 I 1 1 1 74.3 1 | 73.8 1 | 74.0 1 | 74.7 1 | 75.5 1 | 75.9 1 | 77.1 1 | 77.1 1 | 77.4 1 | 77.7 1 | 78.3 1 | 79.5 1 | i i 1 79.8 J | 79.0 1 | 79.4 J J 80.4 1 | 81.0 1 | 81.4 1 | 82.5 1 | 82.5 1 | 82.6 J | 83.7 1 | 85.0 J | 86.9 1 | f l f l 1 1 87,.2 1 | 86.0 1 | 86.7 1 | | 87.9 J 88.4 1 | | 88.9 1 90.3 1 | J 89.9 1 90.0 1 | | 90,8 1 | 91.8 1 | 93.6 1 i i 1 | 94.0 1 | 92.9 1 | 93.3 1 | 95.0 1 | 95.9 1 { 96.3 1 | 97.6 1 97.5 1 | 97.7 1 | 98.7 i | 100.1 1 | | 102.0 1 TABLE 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS I. TOTAL I 1 RESERVES 1 J 1975 1976 1977 1978 JAN...| FEB...I MAR...1 APR... | MAY... | JUN... | JUL...J AUG...j SEP...| OCI...I NOV...| DEC...1 1 JAN... 1 FEB...| MAR... | APR...1 MAY... | JUN... 1 JUL...J AUG... | SEP... 1 OCT...| NOV...| DEC...| i 1 JAN... | FEB...J MAR...1 APR...1 MAY...| JUN... | JUL...| AUG...J SEP.••| OCT... 1 NOV...| DEC...| i 1 JAN...J FEB...I MAR... | APR...| MAY...| JUN... | JUL...| AUG... | SEP...| OCT...| NOV...| DEC...| 31162. 30977. 31102. 31080. 30902. 31164. 31068. 31005. 31164. 31046. 31170. 31160. 31111. 31111. 31105. 30959. 31155. 31164. 31187. 31224. 31165. 31321. 31553. 31699. 32052. 31891. 31980. 32136. 32257. 32225. 32635. 32789. 32809. 33020. 33051. 33175. 33879. 34094. 33930. 34108. 34477. 34873. 35212. 34968. 35148. 35333. 35108. 35083. SEASONALLY ADJUSTED | NON| NON| REQUIRED J BORROWED | BORROWED | RESERVES 1 RESERVES | RESERVES | PLUS | 1 1 EXT. CR. 1 ( 30764. 1 30899. | 31015. | 30830. | 30883. | 30784. | 30996. i 31033. | 30902. | 30969. | 30980. | 30922. J 30836. | 30840. I 30747. | 30937. | 30953. | 30963. | 30767. | 30786. J 30880. | 30794. | 30810. 30806. | | 30767. | 30781. | 30973. | 30855. | 30867. J 30838. | 31110. | 31116. | 30887. | 31030. J 31042. | 30894. 1 | 31032. | 31044. | 30871. 30892. | 31030. J 31039. | | 31052. | 31055. | 30882. | 30914. I 30804. 30914. | | 31040. | 31040. i 30945. | 31037. | 31037. J 30950. | 31054. | 31054. i 30953. | 31124. | 31124. 1 31017. | 31103. | 31103. | 30963. | 31227. J 31227. | 31102. | 31481. | 31481. | 31296. I 31646. | 31646. | 31425. J i 1 1 J 31984. | 31984. | 31786. | 31820. | 31820. | 31693. | 31877. | 31877. | 31766. | 32063. | 32063. | 31944. | 32050. | 32050. | 32048. | 31963. | 31963. | 32078. | 32312. | 32312. | 32360. | 31728. 1 31728. | 32589. | 32183. | 32183. I 32600. | 31714. | 31714. | 32810. | 32190. | 32190. | 32801. | 32606. 1 32606. | 32986. i « 1 33395. | 33395. | 33612. J | 33688. | 33688. j 33852. | 33602. | 33602. | 33730. J 33551. | 33551. | 33960. | 33266. | 33266. | 34258. | 33779. J 33779. | 34696. 35015. | 33895. | 33895. | | 33828. I 33828. | 34800. | 34088. | 34088. | 34955. 34056. | 34056. | 35171. | 34405. 1 34405. | 34886. J | 34215. | 34215. | 34851. NOT SEASONALLY ADJUSTED 1 NON| REQUIRED | TOTAL | NON| | RESERVES | BORROWED i BORROWED | RESERVES I RESERVES | RESERVES | PLUS | 1 I i I 1 EXT. CR. 1 32166. 32050. 1 32313. | 31915. | Too7§— i 30763. 30957. | 30809. | 30862. | 101.2 [ 30521. 101.9 | 30721. | 30615. | 30652. i 31179. | 31068. | 31079. i 31021. 102.1 | 30745. j 102.5 | 30679. | 30683. | 30590. 103.7 i 30625. 30826. | 30615. | 30599. | 104.1 | 30824. | 30918. 31106. | 30805. | 30525. 104.5 l 30721. | 30521. | 30509. | 30893. | 30496. | 104.9 | 30510. i 30701. 30692. 105.4 | 30899. J 30720. J 30709. J 106.1 | 31178. 1 31118. | 31123. | 30895. 31314. 106.6 | 31450. | 31462. | 31580. I I 1 a 1 107.0 | 32307. | 32229. | 32240. | 32067. 107.8 | 31028. | 30947. | 30957. J 30810. 30453. 108.5 | 30676. | 30622,. | 30625. | 31001. | 30846. 109.3 | 30957. | 30957. J 30765. 110.0 J 30974. J 30860. | 30860. J 30784. | 30571. 110.6 | 30658. | 30658. J 111.1 | 31077. J 31209. J 31077. | 30975. 111.6 | 30978. 1 30878. | 30878. | 30771. 30626. 30827. I 112.2 | 30765. | 30765. | 31026. 31246. | 112.8 | 31152. | 31152. | 31594. | 31337. 113.5 | 31522. | 31522. | 31853. 32126. J 32073. | 114.2 | 32073. | ■ i I a 33136. 115.0 | 33334. | 33334. | 33402. | 31604. 115.7 | 31731. | 31731. 1 31803. | 31245. 116.4 | 31460. | 31356. | 31356. J 32150. | 32077. | 31958. 117.3 | 32077. | 32045. | 117.9 | 31839. i 31839. J 31837. 118.5 | 31641. 31788. | 31525. | 31525. | 32377. 119.7 | 32652. | 32329. | 32329. J 120.5 | 32316. 31456. | 32516. | 31456. i 32279. 121.2 | 31863. | 32488. J 31863. | 32807. 122.1 | 33018. | 31712. | 31712. | 122.9 | 32294. | 32294. | 32905. 33155. I 123.7 J 33706. | 33136. | 33516. 33136. | 1 | j f t 125.2 | 35310. | 35043. 34826. | 34826. 1 33786. 126.2 | 34027. | 33622. | 33622. | 126.8 | 33285. | 32957. | 33086. 32957. J 127.6 J 34091.,| 33535. J 33943. 33535. J 128.8 J 34204. J 32992. J 32992. | 33985. 129.9 | 34380. { 33286. | 33286. | 34202. 130.7 | 33981. | 35101. 35299. I 33981. | 131.3 | 34627. | 33487. | 33487. | 34460. 132.4 | 34618. 34811. j 33751. | 33751. J 133.5 l 35458. | 34180. J 34180. I 35296. 134.1 1 35234. J 35012. 34531. | 34531. | 134.7 | 35431. 35663. | 34795. | 34795. | ____ J MONETARY | BASE 1 1 | | | | J | | | | | J | | J | 1 | | | | | J | | | J | | | J | | J | | | | I | J | J | | | | | i | | I | HONETABY I | BASE I 1 I 1 I 1 101.7 I J 100.3 I | 101.0 1 | 101.8 1 | | 102.3 1 103.6 1 | 104.6 1 | | 104.5 J 104.4 l J 105-0 1 J 106.7 1 | 108.4 I | a i 1 | 107.8 1 | 106.7 1 107.4 1 J 109.0 1 | | 109.8 i 1 110.3 1 | 111.7 1 J 111.6 1 | 111.6 1 | 112.6 J | 114.3 1 | 116.2 1 ■ i l | 116. 1 1 | 114.5 1 | 115.0 1 | 116.9 1 i 117.5 1 J 118.1 1 120.4 1 | | 120.4 1 | 120.7 1 | 122.0 1 | 123.7 1 | 126.0 1 | i 1 | 126.2 1 | 125. 1 i | 125.3 J | 127.2 ! | 128.3 1 | 129.5 1 | 131.6 1 | 131. 1 1 1 132.0 1 133.4 1 | | 134.9 1 137.4 1 J TABLE 1 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS l_ TOTAL I S RESERVES J I 1979 1980 1981 JAN...| FEB...J MAR...| APR...J MAY...J JUN...| JUL...J AUG...1 SEP... 1 OCT...| NC7..•J DEC...| i JAN...J FEB...J MAR...1 APR...| MAY...! JUN...| JUL...i AUG...| SEP...| OCT...| NOV...| DEC...| i 1 JAN...1 FEB...| MAR...| APR...| MAY...J JUN...J JUL...| AUG...i SEP...| OCT...| NOV-•-| DEC...J 35310. 34839 • 34839. 34772. 34680. 34800. 35077. 35174. 35433. 35921. 35836. 36370. 36532. 36618. 36785. 36792. 36520. 36720. 36806. 37225. 37816. 37939. 38897. 39006. 39077. 39122. 39237. 39410. 39627. 39619. 39727. 39810. 40312. 40118. 40150. 40527. SEASONALLY ADJUSTED NON| NON| I REQUIRED | BORROWED | BORROWED I RESERVES 1 RESERVES | RESERVES I PLUS 1 1 1 EXT. CR. 1. 35096. | 34308. | 34308- i 34630. 33866. | 33866. 1 | 33849. | 33849. 1 34681. | 34596. 33854. | 33854. 1 | 32915. | 32915. 1 34539. | | 33382. | 33382. I 34579. 339C6. | 33906. 1 34866. | | 34089. | 34089. { 34953. 1 35242. 34093. t 34093. l 35649. | 33899. | 33899. 1 35592. i 33930. | 33930. i 36041. 34898. | 34898. i | 1 I i 36281. 35291. | 35291. i J 34963. | 34963. i 36407. | 34060. i 36599. i 33962. i 34337. | 34889. i 36595. J 36244. i 36342. J 35502. 1 36517. 3664 8. i | 36341. | 36411. | 36664. i 36521. i 36924. 36567. ] | 36809. i | 36505. | 36595. i 37561. 37733. 36629. | 36629. i i J 36838. | 36838. i 38376. 37316. | 37319. i 38492. | 1 I • i i 37682. | 37753. i 38702. 37818. | 37840. i 38771. | 38957. | 38238. | 38252. i 39241. | 38073. | 38080. i 39370. | 37399. | 37405. j | 37582. | 37588. i 39281. 38051. i 39387. i 38048. J | 38390. J 38471. i 39518. 38855. | 39156. i 39898. | 39840. | 38937. | 39375. i | 39487. | 39652. i 39805. | 39891. | 40040. i 40208. NOT SEASONALLY ADJUSTED ________ 1 1 MONETARY | TOTAL l NONJ NONI REQUIRED | MONETARY | BASE BASE | RESERVES | BORROWED | BORROWED | RESERVES | I 1 J I RESERVES | RESERVES | PLUS | 1 I I I I EXT. CR. 1 ..-.-I\ 36753. J 137.0 369677”"|" 359657“ |" 35965. 1 1357 a” i 33664. | 134.6 J 34637. | 33664. | 34428. | 136.1 i 135.2 J 33189. | 33189. | 34021. | 136.8 | 34179. | 137.0 J 33797. | 33797. | 34538. | 137.6 1 34715. | 137.4 32584. | 32584. 1 | 34349. | 34208. | 138.1 | 34077. | 32880. | 32880. | 139.0 | 138.6 | 34298. | 34911. J 140.9 { 33952. j 33952. | 140.1 J 35122. J 33764. | 34628. | 33764. | 141.3 | 141.3 | 34849. | 33764. 1 33764. | 142.2 142.6 { 35105. | 34913. I I | 34053. | 34053. | 35803. 1 143.9 J 36075. | 143.8 34137. | | 144.1 | 34137. J 36043. | 35799. i 145.3 I 145.0 | 36974. | 35502. | 35502. J 147.9 36646. 1 ■ 1 I ■ * 1 38278. | 37037. J | 37037. J 147.6 146.3 | 38027. | 147.4 J | 36350. | 34695. J 34695. | 36139. i 145.8 J 33225. J 148.3 | 36048. | 33323. | 35862. | 146.6 | 34224. I 36679. | 34775. | 36482. | 148.0 148.8 | 36187. J | 149.4 | 35169. | 35912. | 36010. | 148.7 | 150.5 | 36128. J 35749. | 36056. | 149.9 35925. | | 36674. | 36532. | 151.5 | 36816. | 36422. | 152.2 j 153.0 | 36845. | 36187. | 36429. | 36544. | 153.2 i 37547. j 36235. | 154.0 36326. | 37291. | 154.3 | | 36713. j 155.6 | 38023. | 36713. | 37817. | 155.6 37130. J J 157.3 | 37130. | 38668. | 158,.7 39189. J 161.0 | 39703. J 38013. | 38016. | 158.0 J 39189. | | i i I l 1 1 I 39341. | 158.4 | 40665. | 39271. | 40291. | | 159.6 | 157.4 38894. | 37590. | 37612. 1 38544. J 159.1 1 | 37637. J 38342. | 37622. J 157.8 159.6 | 38622. | | 37943. | 37935. | 39104. | 160.8 | 39273. | 159.9 | 161.4 l 37088. | 39310. | 37082. | 39053. | 160.8 | 37023. | 161.7 | 39053. | 37016. 1 38715. | 161.2 J 37960. | 162.5 I 37957. | 39296. | 39636. J 163.3 J 38060. | 38140. | 162.9 | 39479. | 39187. i 163.2 | 163.7 | 40087. J 38630. J 38931. | 163.3 39673. | | 40219. | 39038. | 39476. | 163.8 j 39941. | 163.8 | 164.3 i 39669. \ 39834. | 40332. | 39987. | 165.6 | 41263. j 40626. | 40775. | 165.8 | 40943. | 168.9 TABLE 2 AGGREGATE RESERVES OF DEPOSITOR! INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1959 1960 19b1 1962 NON| TOTAL j NON1 1 RESERVES | BORROWED | BORROWED I 1 RESERVES J RESERVES PLUS 1 1 1 .EXT. CR. 1 1 JAN..-1 18889. | T8338~f 18338. 18065. | 18570. | FEB...| 18065. MAE...| 17832. | 18431. i 17832. 17986. | 18678. | 17986. APR...| 17811. 1 18552. | 17811. MAY...I 18454. J 17525. | 17525. JUN...| 17721. J 18683. | 17721. JOL...J 17601. J 17601. AUG...j 18591. | 17696. 17696. J 18622. i SEP...J 17700. I 18607. | 17700. OCT...1 17763. J NOV...| 18621. | 17763. 18015. | 18956. I 18015. DEC...| | I 1 17960. 18847. | 17960. | JAN...| 17403. | 17403. FEB...J 18213. I 17391. | 17391. 18032. | MAR...| 17518. 18124. i 17518. | APR...i 18215. | 17719. | 17719. MAY...| 17873. | 18307. | 17873. JUN...i 18135. | 18135. 18513. I JUL...J AUG...J 18204. | 18204. 18500. | 18345. | 18560. | 18345. SEP... I 18595. J 18595. 18762. J OCT...j 18984. | 18851. 18851. | NOV...| 19188. | 19188. 19262. | DEC...I I i 1 J 19337. | 19272. i 19272. JAN...| FEB...I 18961. I 18828. | 18828. 18741. 18811. | 18741. J MAR...| APR...j 18884. | 18827. I 18827. 18858. | 18763. { 18763. MAY.••J JUN...| 19021. | 18958. | 18958. JUL...I 19102. J 19048. | 19048. 19130. | 19130. AUG...J 19195. | 19361. | 19323. | 19323. SEP...J 19617. I 19617. 19687. J OCT...| 19808. J 19710. | 19710. NOV...J 19998. 19998. | DEC...J 20131. | i i 1 20095. | 20009. | 20009. JAN...J 19503. J 19571. J 19503. FEB.••i 19460. | 19460. 19548. | MAR...| 19644. 19644. J APR...| 19716. J 19829. | 19768. | 19768. MAY...| JUN...I 19923. | 19821. J 19821. 19962. 20053. | 19962. | JUL...| 19883. | 19759. | 19759. AUG...] 20067. | 19986. | 19986. SEP...| 20136. | 20136. OCT...J 20198. J 19570. | 19449. NOV...J 19449. | 19794. 20054. | 19794. 1 DEC... 1 J REQUIRED 1 MONETARY | RESERVES | BASE 1 i | 1 J 1 487“ | 18392. i 18117. | | 47.6 17971. i | 47.6 | 18246. | 47.9 | 18131. J 48.0 48.1 | 18048. | 18267. J | 48.5 | 18144. | 48.5 | 48.4 18180. i 48.4 | 18166. | 18177. J 48.6 | 18450. | | 49.3 ■ i | 18333. | 48.5 | 47.6 17759. J | 17609. | 47.5 | 17698. | 47.7 1*7770. | 47.7 | | 48.0 17828. i | 18013. | 48.4 | 17957. | 48.3 17933. | 48.4 | 18099. | 48.6 | 49.1 | 18242. | 18518. J 49.7 | 1 • 18565. J 49.0 | 18312. | 48.4 | | 18265. | 48.3 48.4 | 18268. | 48.4 | 18302. J 18430. I 48.8 | 18486. | 1 49.2 18616. I | 49.2 | 18781. i 49.5 | 19155. | 50.0 | 19217. i 50.4 | 19547. | 51.2 1 1 19473. | 50.5 J 19069. | 49.8 | 19077. | | 49.9 | 19224. | 50.3 50.4 | 19312. | 19450. | 50.8 | | 51.3 19519. | 51.1 1 19353. i f 19577. 1 51.3 51.5 | 19721. | | 19013. | 51.2 | 19482. | 52.2 I I i I I I ! I I I I I I I I I I 1 1 1 1 1 1 1 1 i I J 1 S 1 1 1 i 1 i 1 i 1 i 1 i 1 1 1 1 1 J 1 1 1 1 J 1 1 1 1 TABLE 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1963 1964 1965 1966 1 TOTAL 1 RESERVES 1 1 1 JAN...| 20042. FEB...| 19568. MAR...| 19522. 19607. APR...| MAY...1 19649. 19770. JON...| JOL...J 19988. 19705. AUG...| 19967. SEP...| 19989. OCT...| NOV...J 20147. DEC.••| 20701. 1 JAN...| 20679. 20150. FEB...I MAR...| 20242. APR...| 20254. NAY...] 20242. 20545. JON...j JOL...J 20639. AOG...1 20579. 20925. SEP...| OCT...| 210*23. NOV...| 21181. 21596. DEC.••1 i 1 JAN...] 21632. FEB...| 21201. NAB...j 21263. APB...| 21496. MAY...j 21476. 21720. JON...| 21873. JOL...| AUG.••| 21581. SEP...| 21759. OCT...J 21983. 21940. NOV...] DEC...| 22693. 1 1 JAN..•| 22777. FEB...] 22205. MAR...| 22186. APB...] 22529. MAY...| 22462. JUN...| 22562. JOL...| 23062. AUG...J 22678. SEP...| 23222. OCT...] 23373. NOV...] 23226. DEC.• • 1 23785. NON| ] NON| REQOIBED | MONETARY 1 | BOBBONED J BORROWED | RESEBVES ] BASE J 1 RESEBVES | RESEBVES ] 1 1 PLUS | 1 1 1 1 EXT. CB. | I 1 | 19896“ ]' 198967 ] 51.5 i 19537. ] | 19403. | 19403. J 19107. j 50.9 1 | 19374. | 19374. | 19088. | 51.1 i | 19477. | 51.4 1 19477. | 19151. | 51.6 1 ] 19439. | 19219. | 19439. | | 19511. | 19511. | 19353. | 52.1 J 19690. | | 19690. | 19533. | 52.7 1 | 19376. | 19260. ] 52.5 1 19376. | | 19649. | 19649. | 52.9 1 19539. | | 19669. | 19669. | 53.0 1 19592. | | 19798. ] 19798. ] 53.7 1 19706. | | 20369. I 20369. | 54.8 1 20211. | * 1 • | l 1 | 20405. 1 20405. | 20239. | 54.1 1 | 19863. ] 19863. | 53.4 1 19752. | 19964. | 19964. ] | 19856. | 53.8 1 | 20043. | 20043. | 53.9 1 19902. | | 19982. ] 19982. | 19888. | 54.2 1 | 20277. | 20277. ] 20170. ] 54.9 1 | 20376. | 20376. | 20263. | 55.3 1 | 20264. | 20264. | 20158. I 55.4 J ] 20494. | 20580. | 20580. | 55.8 1 ] 20702. J 20625. ] 20702. ] 56.1 J 20781. | 20774. | | 20781. | 56.7 1 | 21332. ] 21332. ] 21190. ] 57.6 « i 1 1 i I | 21332. | 21217. ] 57.1 1 21332. | 1 20796. | 20789. | 56.4 I 20796. | | 56.6 I 20852. | 20852. ] 20898. ] | 21025. | 21025. | 21155. | 57.0 1 57.1 1 | 20981. ] 20981. j 21142. 1 | 21183. | 21183. | 21358. | 57.7 1 | 21345. | 21345. ] 21521. | 58.3 J 21034. | | 21034. | 21185. ] 58.1 1 i 21205. ] 21205. | 21349. | 58.5 1 ] 21495. | 21495. | 21625. | 59.1 1 | 21508. ] 21508. | 21588. ] 59.6 1 | 22250. | 22250. | 22270. | 60.9 1 1 1 f I 1 1 | 22357. 1 22357. | 60.5 1 22398. ] | 21723. | 21858. ] 59.7 1 21723. | | 21625. | 21625. I 21844. J 59.8 1 | 21892. | 60.4 I 21892. | 22174. | 21774. | ] 21774. | 22121. | 60.6 J 21855. | | 21855. | 61.0 1 22206. | | 22321. 1 22321. | 22684. | 62.0 1 21943. ] | 21943. | 22310. | 61.7 1 | 22453. | 22453. | 22851. | 62.2 i | 22639. ] 22639. | 23041. | 62.6 i ] 22618. | 22618. I 62.9 1 22841. ] 23252. | | 23252. | 64.1 i 23446. | TABLE AG GREGATE NOT 1967 1968 1969 AD JU STED OF 2 D E P O S IT O R Y FO R CHANGES IN NOT SEASO NALLY JAN...j FEB...| HAR...1 APR...J HAY...I JUN...| JUL...I AUG...J SEP...| OCT...| NOV...1 DEC...1 28854. 27910. 27517. 28123. 27876. 27563. 28145. 28372. 28790. 28647. 28667. 29246. 1 | 1 | | | J I J | I J | | | | J | | I 1 1 | | | R E Q U IR E M E N T S AD JU STED i 27894. 26830. 26619. 27277. 26909. 26682. 26785. 27534. 28190. 28185. 23252. 28914. IN S T IT U T IO N S RESERVE TOTAL | NONP NON1 1 RESERVES | BORROWED I BORROWED 1 RESERVES | RESERVES 1 1 PLUS i 1 EXT. CR. JAM...1 24101. \ 23692. 23692. | 23357. 23720. | 23357. | FEB... | 23175. 23375. | 23175. | SAB...| 23411. | 23265. | APB...| 23265. 23183. | 23183. 23272. | MAY...| 23351. 23456. | 23351. | JUN...1 23857. J 23857. 23972. J JOL...| 23683. | 23683. 23764. | AUG...J 24093. SEP...| 24181. | 24093. | 24537. | 24537. OCT.••j 24666. J NOV...| 24689. | 24558. | 24558. 25064. 25064. | 25291. | DEC...J ■ I I JAM...J 25835. | 25589. 25589. | FEB...| 25598. J 25225. | 25225. HAR...J 25563. | 24904. | 24904. APR...I 25623. | 24938. | 24938. HAY...| 25440. | 24699. | 24699. JUM...| 25684. | 24990. | 24990. 25521. JUL...J 26049. | 25521. 1 25454. | 25454. AUG...1 26019. | 26054. | 25550. 25550. | SEP...J 26195. 26638. | OCT.. .| 26195. | 26224. 26224. J NOV...J 26769. | DEC...| 26446. 27192. | 26446. | i * 1 1 JAN...J 28075. J 27339. 27339. | 27314. | 26479. FEB...| 26479. | 25851. 26753. I HAR...| 25851. | 27088. J 26085. 26085. | APR...j 27856. i 26482. 1 26482. HAY...| 27273. | 25888. | 25888. JUN...| 25829. | 25829. JUL...| 27081. I 25789. | 25789. AUG...| 27008. | 27002. i 25922. | SEP...1 25922. 26203. OCT...| 27353. | 26203. | 26541. 27744. | 26541. | NOV...| 26934. | 26934. 28053. | DEC.• • | i 1970 RESERVES 27894. 26830. 26619. 27277. 26909. 26682. 26785. 27534. 28190. 28185. 28252. 28914. | REQUIRED | MONETARY I | RESERVES | BASE l | I [ | I J 1 1 I 63.8 I | 23698. | | 63.2 I 23351. | | 63.0 I 22961. J 23061. | 63.2 I I 22908. | | 63.3 I 23104. J 1 63.9 I 23554. | | 64.8 I | 23398. | 64.6 I 23839. | | 65.2 I 65.8 I | 24330. J 66.3 I | 24331. | | 67.8 I 24916. | 1 1 i 1 | 25448. | 67.6 1 | 25211. | 67.1 1 | 25226. | 67.5 1 | 25287. | 67.9 1 | 25080. | 6 8 .0 1 | 25356. | 6 8 .8 1 J 25698. J 69.6 J | 25690. | 69.8 1 | 25692. | 70.0 1 | 7 0 . 7 26392. 1 I | 26461. i 71.7 1 | 72.9 1 26766. | i 1 1 1 | 27828. | 72.9 1 72.0 1 | 27061. | | 26534. J 71.7 1 | 26922. | 72.2 1 27601. J 73.3 1 | | 26969. i 73.3 1 73.6 1 | 26856. | 26771. | 73.7 ,i J 26728. | 73.7 i | 27190. | 74.3 i | | 27515. | 75.5 i 27767. | | 76.5 i * i * I 76.4 i | 28680. 1 75.2 i 27702. J | | 27355. | 75.2 i 27971. | 76.2 i | 76.6 i | 27719. | | 27373. J 76.7 i 77.9 i | 27979. | | 28198. I 78.1 i | 28546. | 78.5 i | 78.6 i 28442. i 79.4 i | 28433. | | 28998. | 80.8 i TABLE 2 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1971 1972 1973 1974 NONNONI TOTAL | I 1 RESERVES | BORROWED I BORROWED 1 1 RESERVES I RESERVES PLUS 1 1 I I 1 .1. EXT. CR. JAN...| 30074. 30439- | 300747“ 1 PEB...| 29900. i 29568. 4 29568. MAR.••| 29680. | 29362. 1 29362. APR...| 29910. | 29756. 1 29756. NAY...1 30327. | 30043. 1 30043. JUN...i 30094. | 29601. 1 29601. JUL...| 30566. | 29742. 1 29742. AUG...| 30452. | 29643. 1 29643. * SEP...I 30783. 1 30288. 30288. OCT...| 30455. 1 30455. 30812. J NOV...| 30927. | 30543. 1 30543. DEC...J 31345. | 31219. 1 31219. i 1 1 1 JAN...| 32890. | 32869. 1 32869. FEB...J 31943. | 31911. 1 31911. MAR...| 31880. | 31782. 1 31782. 32580. I 32463. 1 APR...| 32463. NAY...1 32843. | 32732. 1 32732. 32541. | JUN...| 32441. 1 32441. JUL...| 33064. I 32826. 1 32826. AUG...1 33079. i 32691. 1 32691. 33050. | 32508. 1 SEP...| 32508. 33764. J OCT...I 33209. 1 33209. NOV...| 31812. | 31204. 1 31204. 31415. J DEC...I 30365. 4 30365. i 1 I J 1 JAN...| 32859. J 31699. 1 31699. 31734. | FEB...| 30140. 1 30140. NAR...J 31891. i 30067. 1 30067. APR...1 32349. | 30638. 1 30638. 32413. 1 NAY...| 30571. 1 30571. 32187. J JUN...| 30336. 4 30345. 33483. | JUL...| 31531. 1 31562. AUG...| 33712. 1 31548. 1 31573. 3400b. J SEP...J 32154. I 32180. OCT...| 34942. | 33466. 1 33482. NOV...1 34767. | 33375. 33375. 4 DEC...I 35108. | 33810. 33810, 1 i 1 1 4 JAN...I 35530. 4 36581. | 35533. FEB...] 35235. | 34044. 4 34044. NAR...| 34925. | 33611. 1 33611. 34217. 1 APR...1 35953. 4 34217. NAY... | 36485. | 33895. 1 34553. 36457. 4 33451. 4 34677. JUN...1 JUL... | 37323. | 34022. 1 35452. 35241. AUG...J 37041. 4 33705. 1 33785. 1 35413. SEP...1 37067. 4 35546. 36874. | 35061. 4 OCT...J 35683. 36776. | 35524. 1 NOV...I 36134. 1 36281. DEC... | 36861. 4 | REQUIRED | NONETARY I BASE 4 RESERVES 4 I | 1 I | 1 I 4 1 J | 30205. | 81.2 J 4 80.6 I 29645. 4 29485. J 80.7 I | 4 29742. 4 81.5 I 82.4 I | 30107. 4 4 29892. 4 82.7 I 84.1 I f 30381. | | 30256. | 84.0 I 30594. J 1 84.3 J | 30650. | 84.6 I | 30690. | 85.3 4 | 31163. | 86.6 I 1 1 1 I 32684. | | 87.2 1 86.2 J 4 31791. 4 4 31690. | 86.7 I | 87.8 1 32424. | 32704. I J 88.5 1 4 32338. | 88.8 J | 32871. 4 90.0 1 4 90.1 1 32891. | 4 32838. | 90.2 1 91.4 1 | 33553. 4 J 90.4 1 31458. 4 J 91.3 1 31131. 4 c 1 1 1 4 32601. J 91.7 1 J 31536. | 90.4 1 J 91.2 1 31681. 4 | 32126. | 92.5 1 4 32275. 4 93.1 1 | 31970. | 93.7 1 J 33200. 4 95.5 1 J 33540. J 95.8 1 J 33775. J 96.2 1 97.4 1 4 34689. | 4 98.3 4 34543. 4 | 34804. J 99.9 1 | 1 I 1 100.4 | 36419. I 4 4 99.2 4 35051. j | 34791. | 99.7 1 4 101.6 4 35771. 4 4 36325. 4 102.8 4 4 103.5 1 36259. 4 105.0 1 | 37161. 4 J 105.0 1 36852. 4 | 36886. 1 105.2 1 4 105.6 1 36754. 4 | 36571. 4 106.9 1 | 108.3 4 36603. 4 TABLE 2 AGGREGATE RESERVES Of DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1975 1976 1977 1978 TOTAL | NON1 NONJ J RESERVES | BORROWED | BORROWED 1 RESERVES | RESERVES I PLUS 1 1 I i J EXT. CR. JAN...1 37700. | 37302. j 37438. 35527. | FEB.. .| 35379. | 35432. 34712. i MAR...| 34607. | 34644. 35171. | 35061. | APR... | 35072. 34651. I MAY...J 34585. | 34589. JUN... | 34630. 1 34419. 34403. | 34875. J 34574. | JUL...i 34593. AUG... I 34460. | 34249. | 34261. 34637. J 34241. J 34255. SEP...J 34634. | OCT...| 34444. | 34456. NOV...J 34576. | 34516. I 34521. 34990. | 34860. | 34872. DEC...| 1 ■ 1 JAN...| 35602. | 35524. | 35535. FEB...| 34070. | 34080. 34151. | MAR...i 33757. | 33703. | 33706. 34084. | 34128. 1 APR...1 34084. 33943. | 33943. MAY...I 34057. | 33864. J JUN...| 33738. | 33738. JUL.. .J 34311. | 34178. | 34178. 34051. I AUG...J 33951. | 33951. 33893. | 33831. | 33831. SEP... | OCT...| 34335. | 34241. | 34241. NOV... | 34690. | 34618. | 34618. 35184. | 35184. DEC...| 35237. J i i 1 1 1 JAN...| 36064. | 35996. | 35996. 34432. | FEB. . . { 34361. | 34361. MAR... 1 34085. 1 33982. | 33982. 34794. | 34720. | 34720. APR...| 34669. | 34462. 1 MAY... I 34462. 34441. | JUN...| 34178. | 34178. 34994. | JUL...J 35317. | 34994. 35187. | 34127. | AUG...J 34127. SEP...J 35173. | 34548. | 34548. OCT...| 35732. J 34426. | 34426. NOV...| 35036. | 35897. | 35036. 36486. | 35917. | 35917. DEC...| a i 1 1 1 38144. J JAN...| 37660. I 37660. FEB... | 36443. | 36849. J 36443. MAR...i 36127. | 35799. | 35799. APR... I 36970. | 36413. | 36413. MAY... | 37083. | 35871. | 35871. 37303. | JUN...1 36208. | 36208. JUL... 1 36929. 38246. J 36929. | AUG...| 37571. | 36432. | 36432. 36746. SEP...I 37806. | 36746. | OCT... | 38376. | 370 99. J 37099. NOV...| 39645. J 38942. | 38942. DEC...| 40810. | 40810. 41678. | | REQUIRED | MONETARY I BASE | RESERVES | I | i 1 | I I | J 37553. | 107.9 I | 105.6 I | 35333. | 105.7 I 34513. | i 35014. | 106.6 I | 34496. | 106.9 I | 34429. | 108.2 I | 34687. i 109.2 I | 109.0 I | 34265. | 34446. | 109.0 I | 109.5 I | 34427. i 34293. J 111.0 I | 34724. | 112.7 I | l I i 1 112.0 1 | 35362. J 33933. | 110.7 1 | 111.3 1 | 33534. J 113.0 i 33973. | 1 33848. | 113.7 1 | 33651. | 114.3 1 | 115.7 1 | 34076. | 33844. | 115.6 1 | 33692. | 115.6 I | 116.6 1 | 34116. | 118.3 1 | 34433. | 34964. J | 120.3 1 i | i 1 1 35799. | 119.7 1 | 34234. | | 118.1 1 33870. | 118.6 1 | 120.6 1 34602. | | 34460. | 121.1 J | 34294. | 121.7 1 | 124.1 1 | 35043. 1 124.1 1 34987. | | 34964. | 124.5 1 | | 35521. | 125.8 1 35647. | 127.5 1 | 36296. | | 129.8 1 | i i 1 i 37877. | 130.2 1 128.9 1 | 36607. J 35927. | 129.2 J I | 36821. | 131.1 1 36864. | | 132.2 1 37125. | 133.5 1 | | 38048. | 135.7 1 37404. J | 135.2 1 | 37613. | 136.2 J 38215. | 137.5 1 | | 39423. J 140.5 1 | 41446. | 144.6 1 TABLE 2 AGGBEGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1979 1980 1981 NONI TOTAL J 1 RESERVES ! BORROWED 1 ! RESERVES 1 ! I 1 JAN...| 43079. ! 42077. FEB...| 40703. J 39730. 39226. MAR...! 40217. ! 40724. i 39807. APR...J 40237. | 38472. MAY...| JUN...I 40104. J 38686. JUL...I 40916. ! 39746. 40715. J AUG...J 39630. 41054. | 39713. SEP...! 42280. ! 40258. OCT...J 42997. 1 NOV...| 41092. 42434. 43907. J DEC...J fl I I JAN...J 45179. I 43938. 43177. | 41522. FEB...| MAR...! 43096. | 40273. 42425. APR...! 44880. ! 42945. MAY...! 43963. J JUN...| 43472. | 43092. 42464. JUL...J _ 42859. ! AUG...] 40373. J 39715. 41164. ! SEP...! 39852. 41704. i 40394. OCT...J 41244. j NOV...J 39185. DEC...| 40660. ! 38970. i ! 1 JAN...| 41600. I 40205. FEB...J 39828. | 38525. MAP...! 39725. | 38726. APR...! 40333. ! 38995. MAY...! 40516. J 38288. JUN...! 38405. 40442. J JUL...| 41007. | 39328. AUG...! 41023. | 39604. 39134. 40591. I SEP...! OCT...J 40711. ! 39531. NOV...| 40285. 40948. I 41924. | 41287. DEC...! J NON! REQUIRED | BORROWED ! RESERVES ! RESERVES ! PLUS | 1 ! EXT. CR. I 42077. I | 42865. J 39730. ! 40494. | 39226. I 40059. | 39807. ! 40548. | 38472. | 40096. 38686. j ! 39883. 39746. I 40705. 1 39630. J 40494. J 40862. | 39713. I 42007. ! 40258. ! 42753. 41092. | I 42434. i ! 43578. 1 ■ 43938. | J 44928. | 41522. ! 42966. 42910. J 40372. ! 42977. | I 44683. 43687. J ! 43785. 43400. ! 43268. | ! 42575. 42717. I 40071. ] 39956. ! ! 39943. J 40908. ! 40394. | 41498. J 39185. i 40723. 38973. | ! 40146. 1 i 1 ! 41226. 40276. ! | 38546. 1 39478. | 38740. | 39445. J 39003. ! 40164. ! 38294. ! 40258. | 38411. | 40104. | 39331. | 40667. 1 39684. ! 40731. | 39435. | 40177. | 39968. | 40433. | 40451. | 40604. i 41436. ! 41604. J MONETARY ! | BASE I 1 I 1 I I 144.4 I 1 ! 141.9 I ! 142.3 l 1 144.2 l 144.4 ! | 145.6 I | 147.9 I ! 148.4 J ! 149.4 I ! J 151.3 I ! 153.5 ! J 156.2 ! i i 1 1 ! 155.9 1 154.0 1 ! J 154.9 J 157.5 1 ! 157.8 ! | | 158.6 1 ! 159.6 1 I 158.0 1 159.0 1 | 160.6 ! | 161.6 1 | 162.4 i | ■ 1 ! | 161.0 ! ! 158.8 1 ! 159.5 I | 161.6 1 162.6 1 ! ! 163.3 1 165.4 1 | 165.4 1 ! J 163.9 1 1 164.3 1 1 166.3 1 | 169.7 1 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1959 SEASONALLY ADJUSTED TOTAL | NON| NON| REQUIRED 1 RESERVES | BORRONED J BORRONED | RESERVES I 1 RESERVES f RESERVES i | 1 i 1 PLUS ____ 1 1 EXT. CR. 1 15210. | JAH 7...| 14584. | 14584. | 14667. JAN 14...1 15179. J 14466. | 14466. | 14618. JAN 21...| 15159. | 14721. i 14721. | 14624. JAN 28...| 15212. | 14723. | 14723. | 14819. 15203. | FEB 4... I 14788. 1 14799. 14788. J 15349. | 14814. | 14814. | FEB 11...| 14796. 15238. | FEB 18. .. | 14673. 1 14673. | 14796. FEB 25... | 15135. J 14679. J 14725. 14679. | MAR 4... | 15125. | 14596. | 14596. | 14707. MAR 11... | 15233. | 14530. I 14530. | 14680. MAR 18...| 15119. J 14594. | 14594. J 14731. MAR 25...( 15191. | 14591. J 14591. | 14733. APR 1... | 15149. | 14537. | 14537. | 14681. APR 8.. .| 15333. | 14661. | 14661. | 14924. APR 15...J 15284. J 1^581. | 14581. J 14840. APR 22...| 15244. | 14495. | 14495. | 14734. APR 29...| 15047. | 14391. | 14391. | 14679. MAY 6... i 15088. | 14413. | 14413. | 14730. 15167. J MAY 13...| 14458. | 14458. | 14713. MAY 20...1 15393. | 14540. | 14540. | 14791. 15045. | MAY 27...| 14387. | 14387. | 14715. 15010. J JUN 3... J 14161. | 14161. | 14707. JUN 10...J 14080. i 14080. | 14631. 15059. | JUN 17... J 15109. I 14133. i 14133. J 14653. 15084. | 14208. | 14208. I JUN 24... { 14627. JUL 1... | 14976. | 14055. J 14055. I 14659. JUL 8... i 15127. | 14100. | 14100. j 14692. JUL 15...1 15226. i 14224. | 14224. | 14815. JUL 22... 4 15369. | 14457. | 14457. | 14881. JUL 29...| 15195. i 14305. | 14305. | 14846. AUG 5... J 15240. J 14206. | 14206. J 14840. AUG 12...I 15335. | 14262. I 14262. J 14793. AUG 19...| 15251. | 14306. 1 14306. | 14820. 15314. | AUG 26...| 14374. | 14374. | 14877. 15316. J 14351. | SEP 2... | 14351. | 14915. 15413. | 14356. | 14356. | 14855. SEP 9... | 15306. | 14823. SEP 16...| 14247. | 14247. | 15301. J 14442. | 14442. | 14779. SEP 23...| 14204. J 14925. | 14204. | SEP 30...| 14705. 14726. OCT 7.. •| 15209. i 14203. J 14203. | OCT 14...J 14125. J 14684. 14125. J 15173. | OCT 21...J 15215. | 14396. J 14396. | 14709. 14696. OCT 28...i 14998. | 14208. | 14208. | NOV 4. ..| 15135. I 14309. J 14309. | 14735. 14725. NOV 11 ... 1 15247. | 14339. | 14339. | 15177. J 14720. NOV 18...| 14321. | 14321. | NOV 25...J 15095. J 14273. | 14273. J 14662. 15004. | 14134. | 14134. | 14638. DEC 2.. .| 14320. | DEC 9... j 14320. J 14716. 15231. | 14194. ( 15150. | 14194. | 14707. DEC 16. . . { 14310. | 15290. J 14310. | 14651. DEC 23...| DEC 30...i 14193. | 14193. | 15121. J 14657. NOT SEASONALLY ADJUSTED 1 NON| REQUIRED TOTAL | | MONETARY | NON| BASE 1 RESERVES 1 BORRONED J BORRONED | RESERVES 1 1 R E S E R V E S | RESERVES | J 1 PLUS | 1 1 1 1 EXT. CR. i i 1 15091. | 44.3 | 15634. J 15008. | 15008. | 14878. 15439. | 14726. | | 44.3 | 14726. | 14786. 44.3 | 15321. | 14883. | 14883. | | 14948. 44.4 | 15341. | 14852. | 14852. J | 14880. 44.4 | 15284. | 14869. | 14869. | J 14747. 44.5 | 15300. | 14765. | | 14765. J 44.4 | 14688. 15130. | 14565. | 1 14565. | 14566. 44.3 i 14976. i 14520. | | 14520. | 14546. 44.3 | 14964. | 14435. | 14435. | | 44.4 1 14467. 15020. I 14317. | i 14317. | 44.3 | 14622. 15010. I 14485. i 14485. | | 44.4 | 14665. 15123. | 14523. | 14523. | | 44.4 | 14453. 14921. | f 14309. | 14309. | I 44.6 | 15244. | 14835. 14572. | 14572. | 44.5 i 15236. J 14792. i 14533. 1 14533. J 44.5 | 14838. | 15348. | 14599. | 14599. | 44.4 { 15098. | 14730. I 14442. | 14442. | 44.4 | 14754. | 14437. J 15112. I 14437. J 44.5 \ | 15107. | 14653. 14398. | 14398. | | 44.8 | 15367. | 14514. | 14514. | 14765. 44.5 | 14953. | | 14295. | 14623. 14295. | | 44.4 1 14889. | 14040. | 14040. | 14586. | 44.5 | 14897. | 13918. | 13918. i 14469. | 44.6 | 14116. i 14116. | 14636. 15092. | 44.6 | | 15169. | 14712. 14293. | 14293. { 44.5 | 14940. | 14623. | 14019. | 14019. | 14580. 44.6 | 15015. | | 13988. i 13988. | 14171. | 14762. 44.7 | 15172. | | 14171. | 44.9 | 14985. 15473. | 14561. | 14561. | | 15220. | 14871. 1 44.7 | 14330. | 14330. j 44.7 | 14823. | 15223. | 14189. | 14189. | 14638. 44.8 | 14107. | | 15180. | 14107. | 14637. | 44.8 | 15068. | 14123. | 14123. | 14698. 44.8 J 15135. | 14195. I J 14195. | 44.8 | 14712. 15113. | | 14148. | 14148. | 14641. 44.9 | 15199. j | 14142. | 14142. | 14141. | 14717. 15200. | 1 44.9 | 14141. | 14827. 44.8 | 14490. | | 15349. | 14490. J 44.4 | 14941. | 14220. | 14721. | 14220. | 14704. | 44.7 J 15187. | 14181. i 14181. J 14584. | 44.6 J 14025. | 15073. J 14025. | 14723. 44.6 J 15229. | 14410. | 14410. J i 14803. | 44.5 | 15105. | 14315. | 14315. | 15243. | 14843. | 44.6 | 14417. | 14417. | | 14751. 44.6 | 15273. | 14365. | 14365. | 14746. i 44.5 J 15203. | 14347. | 14347. | 44.5 \ 14699. 15132. | 14310. | | 14310. | 14661. | 44.5 | 15027. | 14157. | 14157. | 14830. | 44.7 J 15345. | 14434. | 14434. i j 44.6 | 15398. J 14955. 14442. i 14442. | 44.7 | 15130. | 15769. | 14789. | 14789. | 44.6 | 15504. | 14576. | 14576. | 150*0. | | MONETARY i BASE I I i 1 45.1 | 44.6 | 44.3 | 44.1 44. 1 | | 44.2 44.0 | ] 43.7 | 43.8 | 44.0 44.0 | 44.0 | | 43.8 | 44.3 | 44.3 44.3 | | 43.9 J 44.2 | 44.3 | 44.5 44.0 i | 44.2 44.4 | ( 44.5 | 44.5 | 44.3 | 44.9 | 44.9 | 45. 1 2 44.6 | 44.8 | 44.9 | 44.7 | 44.6 | 44.6 | 45.1 | 44.9 | 44.9 | 44.2 | 44.8 | 44.8 | 44.8 | 44.5 | 4<r.7 i 45.0 1 44.9 1 44.8 | 44.9 | 45.4 1 | 45.4 * | 45.9 45.7 | TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1960 JAN JAN JAN JAN FEB FEB FEB FEB MAE MAR MAE MAE MAE APR APR APR APR MAY MAY MAY MAY JON JON JON JON JON JOL JOL JOL JOL AOG AOG AOG AOG AOG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED I | REQUIRED TOTAL | NON| NON1 1 RESERVES I BORROWED | BORROWED | RESERVES 1 RESERVES | RESERVES l \ PLUS | I i 1 EXT. CR. I 1 1 14659. 14178. J 15191. | 14178. | 6.. . | 14679. 15226. 1 14315. | 13.•.1 14315. J 14698. 20...) 15292. J 14378. | 1U378. t 14934. | 14530. 27...| 14161. | 14161. | 14547. 15028. | 14220. | 14220. | 3... | 14912. J 14483. 10...1 14062. I 14062. | 17...J 14977. | 14004. | 14004. I 14469. 24... | 14836. | 14216. | 14216. | 14412. 14877. | 14084. J 14084. | 14436. 2...| 14187. J 14420. 9.. .| 14782. | 14187. | 14404. 16...| 14915. | 14189. | 14189. | 14397. 14261. i 23... | 14848. I 14261. f 14721. | 14362. 14119. J 30... | 14119. i 14686. | 6.. .1 13982. | 13982. | 14249. 13...| 14665. | 13994. | 14197. 13994. J 14807. | 14246. I 20...| 14246. | 14443. 27...| 14467. 14424. J 14948. | 14424. | 4... | 14796. | 14244. | 14244. | 14472. 14450. 14948. | 14399. | 11... | 14399. 1 14881. | 18... | 14424. 14326. | 14326. J 14853. | 14451. | 25... | 14451. | 14400. 14858. | 1...I 14420. 14422. | 14422. | 14917. | 8...| 14517. | 14517. | 14455. 15...| 14856. | 14482. I 14482. | 14431. 15033. | 14483. | 22...J 14476. 14483. | 29...| 14922. | 14510. I 14510. | 14436. 14935. | 6...| 14495. | 14495. | 14498. 15025. | 14684. | 13...| 14684. | 14451. 20...| 15204. | 14775. j 14775. | 14688. 27... | 15097. | 14746. | 14746. | 14623. 3...| 15112. | 14797. 1 14797. | 14624. 10... | 15191. | 14684. 14898. | 14898. | 15281. J 14865. J 14865. | 14700. 17...| 24... | 15113. | 14920. | 14647. 14920. J 15236. | 31... | 14963. | 14597. 14963. | 15250. | 7...| 14989. J 14989. | 14594. 15411. | 15112. | 14...| 15112. | 14592. 15216. J 15137. J 15137. | 14697. 21...| 15215. | 14697. 14990. | 14990. | 28...| 15354. J 15154. | 15154. | 5...| 14743. 15374. J 14685. 15226. | 12-- 1 15226. J 14620,. 19...( 15496. | 15422. | 15422. | 14723. 15252. | 15012. J 15012. | 26...1 15364. | 14600. 2...| 15175. | 15175. | 15366. | 14760. 9.. .| 15230. | 15230. | 14731. 15175. I 15343. | 16..,| 15175. | 15214. | 23...| 15313. J 15214. | 14706. 14679. 30...| 15876. | 15763. | 15763. 1 14623. 15323. | 15263. | 7... | 15263. | 14568. 15278. | 15208. | 14... I 15208. | 14672. 15426. | 15352. | 15352. I 21... | 14705. 15399. | 15350. | 15350. | 28...| | MONETARY | BASE 1 1 1 I 44.6 i 44.7 | 44.8 44.4 | | 44.5 44.4 1 | 44.4 | 44.3 | 44.4 | 44.3 | 44.4 | 44.4 | 44.2 44.2 | | 44.2 44.4 | | 44.5 | 44.3 | 44.5 | 44.4 | 44.3 | 44.4 | 44.5 J 44.3 J 44.6 44.4 | 44.4 J | 44.5 | 44.7 I 44.6 | 44.6 | 44.7 | 44.8 | 44.6 44.7 | | 44.8 | 44.9 | 44.8 | 44.8 | 44.9 J 44.9 | 45.0 | 44.8 | 44.9 | 44.9 | 44.8 | 44.8 | 45.3 | 44.8 | 44.7 | 44.9 I 44.8 NOT SEASONALLY ADJUSTED ( TOTAL | NON| NON| REQUIRED | RESERVES | BORROWED | BORROWED | RESERVES 1 1 RESERVES ] RESERVES | 1 1 1 1 PLUS EXT. CR. 1 1 1 146317~f 1 15644. | 15112. 14631. | 14624. | | 15535. | 14624. | 14988. | 14582. | 14902. 15496. | 14582. | | 15056. | 14283. | 14283. | 14652. 14636. | 15117. | 14309. | 14309. | | 14028. | 14028. | 14449. 14878. | | 14876. | 13903. | 13903. | 14368. 14701. I 14081. | 14277. | 14081. | | 14741. J 13948. J 13948. j 14300. 13990. | 13990. | 14223. | 14585. I | 14751. | 14025. | 14025. | 14240. | 14222. i 14358. 14809. J 14222. | | 14541. J 13939. | 14182. 13939. | | 13825. | 14092. 14529. | 13825. | | 14065. 14533. | 13862. | 13862. | ] 14872. | 14311. 1 14311. | 14503. | 14459. | 14502. 14983. | 14459. | | 14831. | 14279. | 14507. 14279. | 1 14410. 14359. | 14908. | 14359. | | 14841. | 14286. | 14286. | 14384. | 14380. | 14782. | 14380. J 14329. | 14303. | 143C3. | 14739. | 14301. | 14768. | 14306. 14368. | 14368. | | 14764. | 14390. | 14390. | 14339. 14614. | ] 15164. | 14614. | 14607. J 14515. | 14927. | 14515. | 14441. | 14897. | 14457. { 14457. I 14460. | 14941. | 14600. | 14600. | 14367. | 15284. | 14855. | 14855. J 14768. | 15097. | 14746. | 14746. | 14623. | 15131. i 14816. | 14816. | 14643. | 15074. | 14781. i 14781. | 14567. | 14534. 15115. J 14699. | 14699. | 14764. | | 14957. | 14764. | 14491. J 14760. | 15033. | 14394. 14760. | 14784. | | 15045. I 14784. | 14389. | 14957. | 15256. | 14957. | 14437. | 15261. | 15182. | 14742. 15182. | 1 15237. | 15012. | 15012. | 14719. 15176. | 14765. | 15376. | 15176. | ] 15281. J 15133. J 15133. J 14592. 15404. | 15404. | | 14602. 15478. i 15093. | 14804. | 15333. | 15093. I 14897. | 15461. | 15272. | 15272. | 15263. | 14793. J 15263. | 15399. | 14735. 15179. | 1 15347. | 15179. I 15274. | | 15274. | 14766. 15373. | 15800. | 14716. | 15913. | 15800. | 15341. | 15341. | | 15401. | 14701. 15344. | 14704. 15414. | 15344. | | 15115. 15795. | | 15869. | 15795. | 15796. j 15151. 15845. I 15796. J | f MONETARY | BASE 1 J 1 | 45.5 | 45.1 1 44.8 44. 1 | | 44.2 44.1 | | 44.0 | 43.8 | 43.7 | 43.9 | 44.0 44.1 | | 43.6 | 43.9 | 44.0 | 44.2 | 44.0 J 44.0 | 44.3 | 44.1 | 44.0 | 44.0 | 44.3 1 44.2 1 44.6 | 44.2 | 44.7 | 44.8 | 44.9 I 44.5 I 44.6 | 44.8 J 44.8 44.5 | | 44.4 | 44.8 | 45.0 | 44.8 44.6 | J 44.9 45.1 | | 45.2 1 44.8 | 44.9 | 45.2 I 45.2 J 45.2 | 45.7 j 45.5 | 45.5 1 46.1 46. 1 | TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1961 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC I. I TOTAL J RESERVES I 1 1 15886. 4. ..| 15253. 11... i 15483. 18... | 15761. 25,.. | 15323. 1... J 15363. 8...| 15405. 15...| 15579. 22.. .| 15561. 1 ... i 15260. 8...| 15451. 15...| 15368. 22... | 15358. 29... | 15322. 5... | 15396. 12...| 15455. 19...I 15451. 26...J 15197. 3.. .J 15182. 10...| 15355. 17.. .I 15362. 24... | 15395. 31... i 15332. 7... I 15360. 14...J 15447. 21... J 15389. 28...| 15371. 5... | 15484. 12...J 15409. 19... | 26.. .J 15412. 15547. 2... | 15577. 9... | 15640. 16...i 15613. 23...J 15641. 30... | 15631. 6... J 15670. 13...| 15699. 20...| 15756. 27...] 15772. 4... | 15729. 11... i 16003. 18...| 15958. 25...J 15903. 1.. .| 15836. 8... 1 15958. 15...| 16002. 22...| 16090. 29...I 15919. 6... i 15890. 13... I '« ir i 15988. » v... ] 15909. 27... 3 SEASONALLY ADJUSTED | NON| NON| REQUIRED 1 BORROWED | BORROWED | RESERVES 1 RESERVES | RESERVES | J I I PLUS EXT. CR. I | 15710. | 15710. | 14872. | 15202. | 15202. | 14681. | 15448. I 15448. | 14691. | 15714. | 15714. | 14757. | 15257. J 15257. | 14775. 15184. J J 15184. | 14795. | 14763. 15212. | 15212. | 1 15472. | 14854. 15472. | | 15511. | 15511. | 14882. | 15166. I 15166. J 14833. | 15402. | 15402. | 14816. | 15316. | 15316. | 14864. | 15280. | 15280. | 14758. | 15215. | 15215. I 14787. 15344. | | 15344. | 14815. 15411. ] J 15411. | 14774. 15414. | 15414. | I 14720. J 15136. | 15136. | 14730. 14704. | 15118. | 15118. | i 15182. | 15182. | 14753. | 15296. | 15296. | 14797. | 15303. | 15303. | 14780. 15270. | | 15270. | 14761. | 15289. | 15289. | 14731. | 15405. j 15405. | 14901. I 15308. | 15308. | 14762. J 15323. | 14824. 15323. J | 15437. | 15437. | 14827. J 15354. j 15354. | 14720. | 15362. | 15362. i 14762. | 15472. | 15472. | 15070. J 15454. | 15454. | 15020. | 15578. | 15578. | 15036. | 15576. | 15576. | 15016. | 15604. | 15604. J 15047. 15574. | J 15574. | 15090. | 15643. | 15643. | 15081. 15655. | | 15655. I 15132. | 15729. | 15729. | 15099. | 15738. | 15288. 15738. | 15700. | 15700. | 15236. | 15858. | 15429. | 15858. | | 15902. | 15902. | 15410. J 15829. | 15829. | 15360. | 15745. | 15745. | 15363. 15836. | 15836. | 1 15370. 15912. | 15912. | 15405. | | 15989. | 15989, | 15369. 15884. | 15884. J 15374. | 15850. | 15850. | 13324. | 15879. J 15410. I 15879. i 15693. | 15693. | 15349. I NOT SEASONALLY ADJUSTED I | REQUIRED TOTAL | NON| NON| MONETARY | BASE j RESERVES | BORROWED | BORROWED | RESERVES | i 1 1 RESERVES 1 RESERVES | PLUS 1 1 1 1 1 1 EXT. CR. 1 1 1 15297. 45.3 | 16135. | 16311. J 16135. | | 15059. 44.7 | 15580. 1 15580. | 15631. | | 14925. 45.0 | 15717. | 15682. | 15682. | J 45.2 | 15848. | 14891. 15895. J 15848. | | 14846. 44.8 | 15394. | 15328. | | 15328. | 14804. 44.8 ] 15372. | 15193. | 15193. I | 14648. 15097. | 15097. | 44.9 | 15290,. | | 14747. 45. 1 | 15472. | 15365. | 15365. | | 14754. 45.0 I 15433. 1 15383. | 15383. | 1 44.7 J 14672. 15099. | 15005. J 15005. | I 14623. 44.9 J 15258. | 15209. | 15209. | J 14845. 44.8 | 15349. | 15297. | 15297. | | 14620. 15220. | 44.8 | 15142. | 15142. | 1 44.9 | | 15129. J 15022. | 14594. 15022. | 14620. 44.9 | 15201. ( | 15149. | 15149. | 14741. J 44.9 J 15422. | 15378. | 15378. | 45.0 | 14689. 15420. | | 15383. I 15383. | 44.7 | 15196. 1 15135. | 14729. | 15135. | 44.7 | j 15146. | 14668. 15082. I 15082. | 44.9 | 15294. | 15121. | 15121. I 14692. | 44.9 | 14727. 15292. J 15226. I | 15226. | 15166. | 14643. | 44.9 j 15258. | 15166. | 15190. | 44.6 | 15128. | 14619. 15128. | | 44.9 | 15231. | 15160. | 14602. 15160. | I 45.0 i 15059. | 15605. J 15563. J 15563. J 14836. 44.9 | 15463. | 15382. | I 15382. | 15367. | i 44.9 | 15415. | 14868. 15367. | | 45.0 | 15445. | 14788. 15398. | 15398. i 14734. | 44.9 | 15423. | 15368. | 15368. | 45.0 | 15356. | 15306. | 15306. | 14706. | 15494. | | 45.2 | 15569. | 15494. | 15092. 45.3 | 15389. I | 15512. | 15389. | 14955. 15444. | 45.3 J 15506. | 15444. | 14902. | 45.3 | 15509. | 15472. 1 14912. | 15472. | 45.4 | 15471, | 15434. | | 15434. | 14877. 45.4 | | 15422. | 15365. | 14881. 15365. | 45.5 | 15497. | 15470. | 15470. | 14908. | 45.5 | 15728. | 15684. | I 15684. | 15161. 45.6 l 15752. | 15779. | 15122. | 15752. | 45.6 | 15824. | 15340. | 15790. | 15790. | 15176. | 45.6 J 15669. i 15640. | 15640. I 16004. I 15859. J 15430. | 46.0 | 15859. | 45.9 J J 16018. | 15962. | 15470. 15962. | | 45.9 | 15953. | 15879. | 15410. 15879. | 15874. | 15401. 45.8 { 15783. | | 15783. | 15951. | 15829. J 15363. 1 45.9 J 15829. I 15490. J 46.0 i 16087. | 15997. | 15997. | 15424. 46. 1 | 16044. | | 16145. | 16044. I 46.0 | I 15422. 15967. | 15932. | 15932. I 15382. S ' 45.9 | 15948. | 15908. 1 15908. | 15794. 16263. J 46.0 J 16372. J 1 16263. J 15904. 16464. | 46.0 | 16248. I 16248. i J j MONETARY | BASE 1 1 1 46.2 | 45.4 | 45.1 I 45.0 i J 44.3 | 44.6 44.5 | | 44.6 I 44.4 | 44.4 | 44.5 | 44.6 | 44.3 44.4 | | 44.6 | 44.7 | 44.4 | 44.3 | 44.6 44.6 | 44.5 | 44.4 | 44.7 J | 44.8 i J 45. 1 | 44.8 I 45,2 | 45.4 | 45.2 J 45.0 45.1 i | * 45.4 J J 45.3 | 45.3 | 45.0 1 45.4 | 45.5 | 45.6 | 45.5 f 45.6 | 45.8 J 46.1 | 45.9 | 45.8 | 46.1 | 46.2 | 46.5 | 46.5 J 46.5 | 46.7 J 47.2 | 47.5 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1962 JAN JAN JAN JAN JAN PEB PEB PEB PEB MAE NAB NAB NAB APB APB APR APR NAY NAY NAY NAY NAY JON JON JON JON JOL JOL JOL JOL AOG AOG AOG AOG AOG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC J TOTAL 1 RESERVES 1 1 _ _ 1 3... | 16424. 10...| 15954. 17...| 15925. 24...| 15999. 31.. .| 15902. 7... 1 15826. 14...J 15812. 21... | 15863. 28.. .| 15823. 7... J 15787. 14.. .| 15749. 21... | 15836. 28...| 15862. 4 ... | 15949. 15844. 11.. .| 18... 1 15882. 25... | 16028. 2. ••| 15984. 15961. 9... | 16...| 15991. 23...| 16015. 30... | 16086. 6... 1 16040. 13... | 15891. 20.. .| 15967. 27... i 15966. 4... 1 16100. 11... i 16096. 18...| 16091. 25... I 16103. 1... | 15927. 8... | 15917. 15..-1 16016. 22.. .| 16116. 29...J 16119. 5... | 16059. 12...| 16144. 19.. .J 16128. 26... | 16102. 3.. .| 16050. 10... | 16247. 17...J 16238. 24... | 16262. 16177. 31. .. | 7... | 16261. 14.. .| 16210. 21... J 16336. 28... | 16295. 5... | 16221. 12...| 16266. 19...| 16348. 26... | 16407. SEASONALLY ADJUSTED NONJ J NONJ REQUIRED | BOBBONED | BORROWED i RESERVES 1 BESEBVES 1 BESEBVES | | 1 1 PLUS 1 EXT. CB. 1 15698. | 16083. | 16083. | 15344. I 15890. | 15890. | | 15856. | 15321. 15856. | 15298. 15955. | 15955. | | 15371. 15842. J J 15842. | 15754. | 15754. | 15369. | 15314. 15742. { | 15742. | | 15330. 15791. | 15791. | 15303. | 15767. | 15767. | 15697. | | 15697. J 15341. 15696. | | 15696. | 15271. | 15703. | 15703. | 15352. | 15776. J 15776. | 15403. J 15874. | 15874. | 15432. [ 15784. | 15784. | 15400. 15807. | 15807. | J 15390. | 15943. | 15943. | 15478. 15526. | 15921. { 15921. | | 15915. | 15915. | 15502. 15927. | | 15927. I 15504. J 15968. J 15968. | 15483. | 16000. | 16000. 1 15479. 15985. | I 15985. | 15528. | 15844. | 15844. J 15498. | 15843. | 15497. 15843. | | 15798. | 15798. | 15473. | 15980. | 15980. | 15557. | 16041. | 16041. | 15550. | 15928. | 15928. | 15529. J 16044. | 16044. ) 15528. | 15857. | 15857. J 15493. | 15761. | 15427. 15761. 1 I 15886. J 15886. | 15419. | 15960. | 15960. | 15574. | 16046. | 16046. | 15584. 15965. | | 15965. 1 15638. J 16067. | 16067. | 15619. | 16104. | 16104. | 15613. | 15961. | 15961. J 15598. | 15987. | 15987. | 15604. | 16203. i 16203. ] 15768. | 16167. I 16167. | 15753. | 16206. | 15757. 16206. | | 16098. | 16098. I 15723. | 16103. | 15712. 16103. | | 16066. | 15639. 16066. | 1 16243. | 16243. | 15729. | 16200. | 15745. 16200. | | 15841. 16129. | 16129. | | 15820. 16159. | 16159. | | 16185. | 16185. | 15833. J 16100. | 16100. i 15846. NOT SEASONALLY ADJUSTED 1 TOTAL j NON| REQUIRED | NONETABY ) NON| BASE | RESERVES | BORROWED | BORBONED | RESERVES | 1 RESERVES i BESEBVES | 1 1 PLUS i 1 1 1 i EXT. CR. I _ 1 1 1 __ 16147. | 16873. | 16532. | 16532. | 46.6 | 15803. 16413. | J 16349. | 16349. | 46.1 | 15596. 16200. J 16131. | 16131. | | 46.1 | 16093. | 15436. 16093. | | 16137. I 46.2 J 15864. J 15864. | 15393. 15924. J | 46. 1 J 15784. | 15784. | 15399. 15856. | | 46.1 i 15204. 15632. I i 46.1 | 15702. | 15632. | 15683. | 15683. | | 15755. | 15222. 46. 1 i 15147. 15667. | 15611. | | 46.1 | 15611. J 15557. i 15201. 46. 1 | 15647. | 15557. j | 15474. | 15474. | 15049. 46.1 | 15527. | | 15312. 15796. | 15663. | 15663. J 46.2 | I 15686. | 15686. | 15313. | 46.3 | 15772. | 15714. | 15714. | 15272. 46.5 i 15789. | | 46.4 | 15576. | | 15636. | 15576. 1 15192. 15723. | 15723. | 15306. 46.5 | 15798. | I 15884. | 15884. | 46.7 | 15969. | 15419. | 46.6 J 15945. J 15882. | 15487. { 15882. J 46.5 | 15469. 15928. | 15882. J 15882. | | 15409. 46.6 | | 15896. | 15832. | 15832. | 15865. J 46.6 i 15912. J 15380. | 15865. | 15900. i 46.7 J 15814. j 15814. | 15293. | 15820. | J 15820. | 15363. 46.6 | 15875. | 15668. | 46.5 | 15715. I 15668. | 15322. I | 46.6 | 16066. 1 15942. | 15596. 15942. | 46.6 i 15594. | 16087. | 15919. | 15919. | | 16240. | 16120. | 16120. | 46.8 | 15697. 16154. | J 16099. | 46.8 | 16099. | 15608. J 46.8 | 16114. | 15951. | 15951. | 15552. | 46.8 j 15977. | 15977. | 15461. 16036. | | 46.7 | 15875. | 15805. | 15805. | 15441. | 15861. | 15705. | 15371. 46.7 | 15705. | 15742. | 15275. | 46.8 1 15742. | 15872. | | 15875. | 46.9 | 16031. | 15875. | 15489. 47.0 J J 15945. | 15872. | 15872. J 15410. 46.9 | 15767. | 15767. | 15440. | 15861. | 47.0 J 15447. | 15972. | 15895. | 15895. | 16120. | 46.9 | 16145. | 16120. | | 15629. 46.9 | 15664. J 16027. | 16027. | 16168. i J 46.9 J 16141. J 16078. J 16078. | 15695. 16234. | 16234. | 15799. | 47.2 I 16278. | J 47.2 | 16253. | 16182. | 15768. 16182. J | 16241. | 16241. | 47.2 | 16297. | 15792. | 16095. | 47. 1 | 16174. | 16095. | 15720. | 16126. | 47.3 J 16284. | 16126. | 15735. I 15594. 47.2 | 16021. J 16165. | 16021. | | 47.4 | 16309. | 15795. 16402. J 16309. | J 47.4 J 16346. | 16251. J 16251. | 15796. 1 16141. | 47.2 J 16233. | 16141. | 15853. J 47.3 | 16131. | 16238. I 16131. | 15792. | 47.5 | 16447. | 16447. | 16610. | 16095. | 47.5 | 16626. | 16626. | 16933. J 16372. | NONETABY BASE | 1 1 1 4775 | | 46. 9 46.4 | | 46.1 45.6 | 45.8 | | 45.7 45.7 | 45.5 | | 45.8 45.7 | 46.0 | 45.8 | 45.9 | 46.1 | 46.2 | 46.2 | 46.0 | 46.4 | 46.3 | 46.3 | 46. 1 | 46.5 | 46.4 | 46.7 i 46.5 | 47.0 | 47.3 | 47.1 { | 46.8 46.5 j | 46.9 | 46.9 47.0 | 46.7 j | 46.8 47.1 | 47.0 | 46.8 | 46.9 J 47.4 | 47.4 J 47.3 J 47.0 | 47.5 | | 47.6 47.9 | 47.8 J 47.8 | | 48. 1 48.5 | 48.9 | TABLE 3 AGGREGATE RESERVES OE DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1963 JAN JAN JAN JAN JAN EEB EEB EEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED TOTAL J NON| NON| REQUIRED l RESERVES | BORROWED | BORROWED | RESERVES I I RESERVES | RESERVES | | I 1 1 PLUS l 1 1 EXT. CR. 1 17021. | 16307. | 16307. | 2... 1 15987. 16360. I 9... 1 16297. J 16297. | 15922. 16441. | 16 ...| 16362. | 16362. | 15920. 16414. | 23... | 16244. | 15928. 16244. | 30...| 16327. J 16228. | 16228. | 15896. 6...| 16316. | 16093. | 16093. 1 15859. 16379. | 16214. J 16214. J 13... 1 15876. 16305. | 16148. 1 16148. | 15880. 20... | 27...| 16334. | 16205. | 16205. | 15867. 16310. | 15914. 6... I 16168. | 16168. J 13...1 16330. J 16193. i 15841. 16193. | 20... 1 16227. | 16170. | 16170. | 15857. 16310. j 16069. | 15847. 16069. | 27...1 16374. | 16200. | 16200. | 15920. 3... | 16234. J 16147. I 16147. | 15860. 10... J 16450. | 16293. | 15917. 17...| 16293. | 16465. I 24... | 16308. | 16308. | 15952. 16374. | 15974. 16280. | 16280. | 1...I 16335. J 16225. | 16225. | 15974. 8... | 15930. 15...| 16389. | 16190. | 16190. | 16404. J 16123. i 15951. 16123. | 22... 1 16424. | 15947. 29...| 16158. | 16158. I 16244. I 15904. 5...I 16028. | 16028. | 16017. j 15846. 16265. 1 16017. | 12...| 16361. | 15863. 16077. | 16077. | 19... | 16047. 16426. | 26... 1 16192. | 16192. | 16238. | 3... | 16567. | 16238. | 16135. 16514. | 16051. 10...| 16191. | 16191. | 17...| 16690. I 16290. | 16290. | 16095. 16577. | 16265. | 16265. | 16106. 24... | 16365. J 16222. | 16222. | 16068. 31... | 16629. | 16231. | 16147. 7...I 16231. | 16084. 16557. { 14...1 16205. | 16205. | 16161. | 16455. | 21...| 16161. | 16053. 16175. | 16041. 16449. | 16175. | 28...| 16210. | 16055. 16535. | 16210. J 4...] 16607. | 16253. | 16106. 16253. | 11... I 16295. | 16295. | 16140. 16488. | 18...| 16173. 16633. | 16245. | 16245. | 25...| 16238. | 16238. | 16229. 16581. | 2... 1 16276. | 16233. 16276. i 9.. .| 16668. J 16241. | 16164. 16550. J 16241. | 16...| 16088. 16156. | 16517. | 16156. 1 23... | 16216. J 16067. 16415. i 16216. J 30... | 16279. | 16254. 6... 1 16683. | 16279. J 16367. | 16236. 16667. | 16367. | 13...| 16318. | 16318. i 16243. 20...| 16749. i 16343. J 16208. 16543. | 16343. I 27-,..| 16352. | 16273. 4 ... | 16859. | 16352. | 16394. 16584. | 16469. | 16469. | 11...| 16493. 16985. I 16713. | 16713. | 18...| 16492. 16966. | 16649. | 16649. | 25... | NOT SEASONALLY ADJUSTED NONI REQUIRED i MONETARY | TOTAL | NON| J BASE | RESERVES | BORROWED | BORROWED | RESERVES 1 I 1 RESERVES | RESERVES | | 1 I 1 1 PLUS EXT. CR. I I 1 1 16610. 16930. | 17644. | 16930. | | 48.2 i 16447. 47.6 | 16885. | | 16822. | 16822. | 16205. 16726. | 16647. | | 47.7 | 16647. | 16074. 16560. | 16390. | 16390. | 47.7 | | 15859. 16191. J 16290. | 16191. J i 47.6 | 15897. 16354. J 16131. | 16131. | 47.7 | | 15804. 16307. J 47.8 1 16142. | 16142. | | 15773. 16041. | 16198. | 16041. | I 47.7 J 15705. 16172. J 16043. | 16043. | | 47.8 i 16194. | 15798. | 47.8 | 16052. | 16052. | 15985. | 15633. | 47.9 J 16122. J 15985. | 16114. | 15801. 16171. | 16114. | | 47.8 | 15802. 16024. J 16265. J 16024. | | 48.0 | 15817. 16271. | 16097. | 16097. | | 47.8 | 15680. 16054. | 15967. | 15967. | 48.0 | | 15817. 16350. | 16193. | 16193. I 48.3 | | 15867. 16380. | 16223. | 16223. | 48.3 | | 15889. 16195. J 48.2 J 16289. J 16195. | | 15982. 16343. | 16233. | 16233. | 48.2 1 | 15849. 16109. | 16308. | | 16109. | 48.3 | 16324. J 15871. 16043. | 16043. | | 48.3 | 15777. 16254. | 48.4 | 15988. | 15988. | | 15755. 16095. | | 48.3 | 15879. | 15879. | 15678. | 15849. J 48.3 | 16097. J 15849. | 15925. 16423. | 16139. | | 16139. | 48.5 | 16246. J 48.5 \ 16625. | 16391. | 16391. | 16464. J 16464. J 16361. 16793. | 48.7 | | 16206. 16669. | 16346. | 16346. | | 48.7 | 16159. i 48.9 1 16754. | 16354. | 16354. | 16214. | 16055. 16526. | 16214. | J 48.8 | 48.6 | 16116. | 15962. J 16259. | 16116. | 16114. | 16030. 16114. | | 49.0 | 16512. | | 16334. | 15861. 49.0 | 15982. | 15982. | 16274. | 15980. J *5980. i 15872. | 48.9 | | 16188. | 15914. | 15914. | 15780. 48.9 1 49.0 | 16308. I 15983. | 15828. | 15983. | 16068. | 16068. | 15921. I 49.1 1 16422. | 16124. | 49.0 | 16472. | 16279. | 16279. | J 16746. | 16286. 16358. | 16358. | 49.2 | 16357. 16366. | 16366. | | 49.2 | 16709. j 16296. { 16731. | 16339. | 49.3 | 16339. | 16163. i 16549. | 16240. | 16240. | 49.2 | 16084. | 16513. J 49.2 | 16152. i 16152. | 15990. 16338. | 16139. | 1 49.2 J 16139. | 16272. | 49.5 | 16701. | 16297. j 16297. | | 16184. 16615. | 16315. | 49.5 | 16315. | 16784. | 16278. | 49.6 | 16353. | 16353. | 16574. | i 49.4 | 16374. | 16239. 16374. | 16854. | | 50.0 | 16268. 16347. | 16347. | i 16516. | 16326. 16401. | 16401. | 49.6 J 166! 4. | 50.0 | 17146. | 16874. | 16874. | 169* 5. | 50.0 | 17419. | 17102. | 17102. | | MONETARY | BASE 1 1 1 | 49.2 | 48.5 | 48.0 47.6 I 47. 1 J 47.4 | | 47.5 | 47.3 | 47.2 47.4 | 47.5 | | 47.5 47.5 | 47.6 | 47.8 | 48.0 | 47.8 | 47.5 | 48.1 | 48.0 | 48.0 | ( 47.8 48.0 \ 48.2 | | 48.5 I 48.5 | 49.0 49.4 i | 49.2 | 48.8 48.4 J 49.0 | 48.9 | 48.8 | | 48.5 | 48.8 | 49.2 | 49. 1 1 49. 1 | 49. 1 | 49.6 49.4 J J 49.3 | 48.9 49.6 | | 49.9 | 50.0 49.9 J | 50.5 | 50.4 | 50.9 | 51.4 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1. 1 TOTAL i RESERVES 1 1 1964 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 1...| 8... | 15...| 22... | 29... | 5...| 12...! 19...| 26...| 4... | 11.. .1 18...| 25...| 1...| 8... | 15...| 22... J 29... | 6... | 13... | 20.. .| 27... | 3... | 10... | 17... | 24...1 1... | 8... | 15... | 22. . . | 29...| 5... | 12...| 19...| 26...1 2... | 9... | 16.. .j 23... | 30...1 7... | 14... | 21... J 28...| 4... | 11... I 18...| 25...| 2...| 9...I 16...| 23...| 30...| 17189. 16918. 16993. 16717. 16728. 16694. 16758. 16819. 16751. 16827. 16687. 16774. 16962. 16788. 16929. 16886. 16843. 16562. 16706. 16858. 16866. 16782. 16825. 16827. 17017. 16892. 16965. 16927. 17259. 16880. 16942. 17066. 17235. 17195. 17294. 17218. 17325. 17196. 17416. 17332. 17485. 17381. 17362. 17228. 17521. 17446. 17696. 17431. 17647. 17486. 17559. 17593. 17649. SEASONALLY ADJUSTED | NON| NON| REQUIRED | BORROWED l BORROWED | RESERVES 1 RESERVES | RESERVES | | 1 I PLUS EXT. CR. 1 | 16631. | 16631. | 16395. 16554. | 16554. | 16450. | 16393. | 16632. | 16632. | 16428. | 16553. | 16553. | 16551. | 16355. 16551. i | | 16452. | 16328. 16452. J 16391. | 16356. | 16391. I 16528. | | 16528. i 16399. 16551. | | 16551. | 16398. J 16465. | 16337. 16465. | 16434. I i 16434. | 16373. | 16416. | 16416. 1 16399. 16454. | 16683. I 16683. | | 16633. J 16633. 1 16516. | 16721. I 16507. 16721. | 16696. | | 16587. 16696. | | 16524. | 16524. | 16402. 16294. | 16427. | 16427. | 16417. | 16495. i 16495. | 16544. | 16544. | 16445. | | 16568. | 16568. | 16458. | 16574. | 16574. | 16451. 16561. | | 16530. 16561. | J 16538. | 16538. | 16498. J 16690. | 16690. J 16562. 16660. | 16660. J 16541. 1 | 16744. | 16744. | 16563. | 16664. I 16664. | 16636. | 16799. | 16799. | 16687. J 16721. | 16721. | 16602. 16574. I 16763. i 16763. | 16806. | 16725| 16806. | | 16859. i 16859. J 16761. 16804. | 16917. | 16917. | | 16965. | 16965. | 16823. | 16903. | 16903. | 16820. | 16847. I 16828. 16847. | J 16971. | 16971. | 16829. | 17007. | 16935. 17007. | 16944. 17054. { 17054. | | < 17115. | 17115. | 17052. J 17142. J 16971. 17142. | | 16935. 16982. | 16982. i 16924. J 16998. | 16998. | 17080. 17045. | | 17045. j 17077. J 17019. | 17019. | 17105. 17106. i J 17106. | 17173. | 17272. | 17272. | 17258. J 17272. | 17272. | 17196. 17364. 1 | 17364. I 17171. 17425. | 17425. | | 17196. 17336. i 17336. | | 17145. | 17087. 17145. | | NOT SEASONALLY ADJUSTED 1 TOTAL | NON| NON| REQUIRED I MONETARY | BASE J RESERVES | BORROWED | BORROWED I RESERVES I 1 l RESERVES | RESERVES | J PLUS I I 1 1 I EXT. CR. J .1 1 1 17852. | T72947“ |“ 17294. i 50.3 | 17058. 1 17189. | 50.0 l 17553. 1 17085. 17189. I I 50.2 | 17342. | 16981. | 16981. | 16742. 1 16916. | 50.0 | 16752. | 16752. | 16627. 1 16524. { 50.0 | U524. | 16701. J 16328. J 16715. | 16473. | 49.9 | 16473. | 16349. J 16314. I 50.1 | 16314. | 16681. | 16279. 16385. | 16256. 50.2 | 16676. | 16385. | 1 50. 1 | 16550. | 16197. 16350. | 16350. J 1 50.3 | 16203. 16331. | 16331. | 16693. | 1 16490. | 16237. I 50.2 | 16176. 16237. | 1 16699. J 16324. 50.3 | 16341. | 16341. | 1 50.5 | 16972. | 16693. | 16693. | 16464. 1 50.4 | 16765. | 16610. | 16610. | 16493. 1 50.6 i 16613. | 16821. | 16613. I 16399. 1 16817. | 16627. | 50.6 | 16627. | 16518. 1 50.6 | 16480. J 16799. | 16480. I 16358. J 16330. | 50.4 | 16465. | 16330. [ 16197. 1 50.5 | 16734. | 16523. | 16523. | 16445. i 50.7 | 16773. | 16459. | 16360. 16459. | 1 50.8 | 16769. | 16471. J 16471. | 16361. J 16385. | 50.7 | 16385. | 16593. I 16262. 1 16654. | 16390. i 16390. I 16359. 50.8 | 1 16651. i 16362. | 16362. I 16322. 50.9 | I 16710. | 17037. | 16710. | 51.1 | 16582. J 16886. i 17118. | 16767. 51.0 J 16886. | 1 17225. | 17004. | 51.1 | 17004. | 16823. 1 16910. | 51.1 l 17173. I 16910. { 16882. 1 51.5 | 16914. J 17374. | 16914. J 16802. i 16687. | 16687. | 16846. | 16568. 1 51.1 | 51.2 | 16768. 1 16589. | 16589. | 16400. 1 16957. | 16697. | 16697. | 51.3 | 16616. J 16639. | 17015. | 51.6 i 16639. J 16541. 1 51.6 | 16989. | 16711. | 16711. | 16598. 1 16694. | 51.7 l 17023. i 16694. | 16552. 1 16943. | 16628. J 16545. 51.6 | 16628. | 1 16604. I 16604. | 51.8 | 16585. 17082. | 1 51.7 | 17114. | 16747. 16889. | 16889. | 1 17167. | 52.0 | 17576. | 17167. | 17095. 1 52.0 | 17072. 17460. | 17182. | 17182. | 1 52.1 | 17196. | 17566. | 17196. | 17133. 1 52.0 | 17086. | 16915. 17325. | 17086. | 1 16960. | 52.1 | 17340. I 16960. | 16913. 1 16817. 52.0 | 17121. | 16891. | 16891. | 1 17042. | 52.2 J 17518. J 17042. J 17077. « 16913. | 16913. | 16971. 52.2 | 17340. { 1 17039. 1 52.5 J 17039. J 17038. 17629. | 1 17202. | 52.2 | 17361. | 17103. 17202. | 1 52.5 J 17277. J 17277. | 17263. 17652. | 1 52.4 | 17313. J 17145. 17435. | 17313. I 1 52.5 ! 17523. | 17269. 17657. | 17523. | 1 17790. | 17650. 52.5 | 17790. j 18047. | 1 17634. 17692. J 52.6 | 18196. | 17692. | 1 | MONETARY | BASE 1 1 J | | | I | 1 | | | | | | | J | | I | | \ i | [ | | | | | | 1 | J | | { | | | | | | 1 | | | | 1 J | | i \ 51.4 “ 51.1 50.6 50.0 49.4 49.6 49.8 49.6 49.4 49.6 49.8 50.0 50.2 49.9 50.4 50.3 50.2 49.7 50.3 50.5 50.4 50.1 50.4 50.8 51.1 51.1 51.1 51.8 51.9 51.2 50.9 51.3 51.7 51.5 51.4 51.2 52.0 51.8 52.1 51.7 52.3 52.2 52.1 51.7 52.2 52.6 52.9 52.6 53.0 53. 1 53.3 53.8 54. 1 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1965 JAM JAN JAM JAM FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JON JUM JUM JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC SEASONALLY ADJUSTED I NON| NON| REQUIRED I TOTAL 1 i RESERVES J BORROWED | BORROWED | RESERVES I 1 RESERVES | RESERVES t | I 1 1 PLUS EXT. CR. 1 i 17594. i 17247. 6... | 17285. | 17285. | 17257. | 17257. | 17090. 17681. | 13... | 17218. | 17106. 17495. | 17218. | 20... | 17414. I 17211. | 17211. | 17073. 27...| 17165. 17271. J 17549. | 17271. | 3. .. i 17095. 1 17071. 17567. | 17095. | 10... | 17072. | 17103. 17425. | 17072. | 17...| 17050. | 17031. 17050. i 17570. i 24...] 17167. | 17437. | 17167. | 17217. 3...J 17134. | 17519. | 17134. | 17151. 10... 1 17151. J 17151. | 17193. 17521. | 17... I 17155. 17616. { 17153. | 17153. | 24...| 17594. | 17107. | 17226. 17107. | 31... | 17249. | 17444. 17249. | 17819. | 7... | 17715. | 17318. | 17437. 17318. | 14. .. | 17383. | 17955. | 17383. | 17481. 21... j 17457. 17698. | 17353. | 17353. | 28.. .| 17393. 17727. | 17249. J 17249. | 5... J 17107. | 17256. 17605. | 17107. i 12... 1 17617. | 17117. | 17274. 17117. | 19...j 17156. | 17639. | 17156. | 17329. 26... | 17710. | 17192. | 17379. 17192. | 2... | 17206. | 17378. 17680. | 17206. | 9.. .| 17956. | 17345. J 17554. 17345. | 16.. .J 17844. | 17261. | 17261. | 17429. 23... | 17715. | 17229. J 17229. | 17377. 30...| 17295. 1 17295. | 17529. 7.. .| 17877. 1 17575. 17487. J 17487. | 18107. | 14... J 17356. | 17356. | 17587. 17781. | 21... | 17387. | 17544. 17387. j 17866. | 28...| 17435. | 17435. | 17593. 17979. | 4... | 17361. | 17554. 17361. | 17977. | 11... J 17456. | 17618. 17947. | 17456. | 18.. .J 17486. 17352. | 17352. 1 17897. | 25...| 17462. | 17566. 17462. | 1... | 17999. j 17456. | 17567. 17456. | 17939. | 8... J 17376. 1 17467. 17376. I 17934. J 15...J 17624. 17432. | 17432. | 18059. | 22... | 17604. 17408. | 17961. | 17408. | 29... | 17585. | 17585. | 17678. 18121. | 6... | 17466. | 17661. 17466. | 17961. | 13...1 17849. | 17947. 18440. J 17849. | 20... | 17653. 17850. | 17512. | 17512. | 27... i 17614. 1 17614. | 17719. 18100. | 3... i 17681. | 17586. 17681. | 18015. | 10...i 17584. | 17757. 17584. | 18073,. | 17...| 17694. 17569. j 17569. I 17930. | 24...i 17921. 17812. | 17812. | 18346. | 1.. .| 17955. 17938. i 17938. j 18416. | 8... | 17940. | 17861. 17940. | 18426. | 15...i 18014. | 18014. | 17998. 18232. | 22...| 17955. 17872. | 17872. | 18418. | 29... | NOT SEASONALLY ADJUSTED II NONl NON1 REQUIRED I MONETARY l MONETARY Ii TOTAL | BASE | BASE li RESERVES 1 BORROWED | BORROWED | RESERVES I I 1I I 1 RESERVES 1 RESERVES | PLUS 1 l 1I 1 l 1 ____1 EXT. CR. 1 I J 18030. i T79927 1 53.9 18030. | | 52.6 11 18339. | 53.3 17636. | 17636. | 52.8 1I 18060. | 17469. 1 | 52.6 17404. i 17292. 1 52.6 11 17404. J 17681. 1 | 52.2 17311. | 17514. | 17173. 1 52.6 11 17311. i | 52.4 52.8 11 | 17640. I 17256. 1 17362. | 17362. I 52.6 17 i03. | 17079. i 17575. | 17103. | | 52.9 ii 17324. | 16971. | 52.7 11 16971. | 17002. l 52.2 1 52.3 16949. | 16930. 1 | 16949. 1 52.9 11 17469. 1 17113. | 17163. 1 17113. | 52.8 1I 17383. | 52.2 | 16947. J 52.5 16947. | 16964. | 52.8 1i 17332. 1 52.5 17414. | 17044. | 17044. | | 52.8 11 17086. 1 j 53.0 11 52.8 17265. | 17265. | 17267. 1 17728. i | 53.0 11 i7585. 1 17098. | 17098. | 52.4 17217. 1 J 53.3 11 17702. J 17132. J 17132. | 17327. 1 53.0 J 53.2 11 17505. i 17108. 1 17108. | 17227. 1 52.9 J 53.5 11 17904. | 17332. I 17332. 1 17430. i 53.1 1 17594. J 52.4 53.2 11 17249. | 17249. J 17353. i 53.0 | 17420. | 17420. | 17564. 1 53. r 11 17898. | | 17160. 1 53. 1 11 17160. I 17658. J 53.1 17309. 1 | 53.1 li 17138. J 17638. I 17138. I 52.9 17295. 1 17083. I | 53.2 11 17566. i 17083. | 17256. 52.7 53.4 11 | 17608. J 17090. | 17277. i 53.0 17090. J | 53.4 11 17560. | 17086. | 53.3 17086. | 17258. i l 53.6 11 17814. | 17203. | 17203. i 53.5 17412. i 53.6 11 18166. I I 17583. | 17583. | 17751. i 53.8 | 53.5 11 18011. I 17525. | 17525. | 17673. i 53.5 17664. | 17664. 1 54.5 I 53.8 11 18246. | 17898. i | 17597. J 17597. | 54.0 11 18217. I 54.5 17685. i 17786. J 17361. | | 53.7 11 17361. | 53.9 17592. i J 53.8 11 17263. | 17420. i 53.6 17742. | 17263. | 54.0 11 53.9 17912. | 17368. 1 17368. | 17526. i | 17141. | 17334. i 54.2 | 54.1 11 17757. | 17141. | 17177. i 54.0 54.1 11 17668. J 17177. | 17339. j | 17138. | 53.8 | 54.0 11 17138. I 17272. i 17683. | 53.7 17296. i 54.2 11 17192. 1 17192. I | 17729. i 17096. | 17207. i 17096. | 54.2 i 54.2 11 17579. J 17740. I 54.1 17182. i 17273. i | 54.2 11 17182. I | 17566. | 17566. i 17758. i 54.5 54.5 11 18193. J 18004. I 17451. | 17647. i 54.2 17451. | | 54.6 11 17596. | 17596. | 17689. i 54.7 54.7 11 18132. | J 17314. | 54.7 17314. | 17509. i 54.6 11 17809. | | 17830. i 55.1 55. 1 11 18323. | 17732. | | 17732. | 17709. i 17568. J 17568. | 54.5 17906. | J 54.6 11 17677. | 54.8 18163. | 17677. | 17782. i | 54.8 11 17564. i 17659. | 17659. | 55.2 17993. | | 54.8 11 17464. | 17637. i 17464. | | 54.9 11 17953. I 55.2 17471. J 17471. | 17596. i | 17832. | 54.8 i1 55.2 55.6 17812. 1 [ 18237. | 17703. i 17703. | 55.2 11 17884. J 17901. 1 17884. | | 55.4 11 18362. | 56.2 18000. J 18000. 1 17921. 1 56.3 18486. I | 55.4 11 18499. 1 56.7 18515. I 18515. 1 18733. | | 55.3 11 18536. 1 57.0 18999. i 18453. J 18453. | i 55.5 11 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS SEASONALLY ADJUSTED NON| REQUIRED TOTAL J NON| J RESERVES | BORROWED 1 BORROWED | RESERVES 1 RESERVES I RESERVES I i 1 J 1 PLUS 1 1 EXT. CR. I 5... | 18324. | 17762. | 18005. 17762. | 12...1 18667. | 18077. | 18077. | 17979. 19.. •J 18154. | 17936. | 17936. | 17946. 26...| 17957. | 17957. | 18004. 18309. | 2... J 18390. J 17972. | 17972. | 18042. 9... | 17785. | 17944. 18288. I 17785. | 16.. .J 18258. i 17805. | 17805. | 17921. 23... 1 18265. | 17745. | 17745. | 17867. 2... | 18222. | 17758. | 17758. 1 17929. 17635. | 17635. | 9...J 18249. | 17889. 16...| 17733. | 18269. | 17733. | 17906. 23... 1 18297. 1 17695. | 17695. 1 17926. 30...| 17711. | 18219. | 17711. | 17931. 6.. .| 18394. 1 17771. | 17771. J 18061. 13.. .| 18378. | 17775. | 17775. | 18018. 20...| 18332. | 17647. | 17647. | 17959. 27...J 18533. | 17891. | 17891. | 18153. 4. ..j 18506. | 17889. J 17889. I 18220. 18517. | 17837. | 1 1 ... i 17837. 1 18177. 18... 1 18450. | 17787. J 17787. | 18131. 25--1 18383. | 17730. | 17730. | 18069. 1... J 18512. | 17700. | 17700. | 18076. 8... | 18306. | 17759. | 17759. | 18099. 15...J 18437. | 17649. | 17649. | 17972. 22...| 18471. | 17780. | 17780. I 18189. 29...| 18621. | 17850. | 17850. | 18162. 6... J 18651. | 17824. | 17824. | 18301. 13...| 18983. | 18165. | 18165. | 18259. 20...| 18458. J 17827. | 17827. | 18287. 27...| 18563. | 17883. | 17883. | 18287. 3... | 17764. | 18542. | 17764. i 18189. 10...| 18565. | 17783. | 17783. | 18104. 17... | 18374. J 17644. | 17644. | 18097. 24... | 18286. | 17567. | 17567. | 17912. 31...| 18435. | 17744. | 17744. | 18071. 7.. .| 18514. | 17765. | 17765. | 18177. 14 ... 1 18674. | 17786. | 17786. i 18170. 21... | 18705. | 17934. | 17934. | 18113. 28...1 18162. J 17512. | 17512. | 18095. 5.. .J 18545. | 17717. | 17717. | 18231. 12...| 18548. | 17620. | 17620. | 18135. 19...| 18472. I 17682. | 17682. | 17983. 26... 1 18280. | 17762. 1 17762. | 18133. 2... | 18400. | 17806. J 17806. | 18121. 17834. | 17834. | 9... | 18480. | 18102. 16...J 18585. | 17874. | 17874. | 18038. 23... | 18145. | 17706. | 17706. | 17961. 30...| 18440. | 17804. | 17804. | 17980. 7 . . . | 18278. I 18097. 17829. | 17829. | 14...| 18086. 18596. | 17949. | 17949. | 18147. 21. . . | 18351. j 17879. | 17879. | 28... | 18561. i 18124. 18013. | 18013. | L 1966 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC NOT SEASONALLY ADJUSTED 1 TOTAL | NON| NON| REQUIRED | MONETARY | | BASE I RESERVES | BORROWED | BORROWED f RESERVES 1 RESERVES | RESERVES | 1 1 | 1 1 1 1 PLUS EXT. CR. I 1 18574. j 18574. | 18817. 55.4 | | 191367” r 18467. 18565. | 18565. | | 19155. | 55.9 | 18209. | 18219. 55.4 J 18427. | 18209. | | 18072. | | 55.6 | 18424. | 18072. | 18119. 18086. | 18504. | 18086. J 18156. | 55.8 J 17974. 17815. | 55.8 | 18318. | 17815. | | 17716. | 17716. | 17832. 55.8 | I 18169. I 17739. 18137. | 17617. | 17617. | 55.8 J | 17664. J 17835. 17664. | 18128. | 55.8 | | 17714. 18074. | 17460. | 17460. | 55.9 | | 17775. 55.9 | 18138. | 17602. | 17602. | | 18003. 56.0 | 18374. | 17772. | 17772. | I 17660. | 17660. | 17880. 55.9 1 18168. | | 17705. | 17995. 18328. | 17705. | | 56.2 | 17764. | 18007. 17764. | 56.3 | 18367. | i 17876. | 56.2 1 18561. | 18188. | 17876. | 56.4 | 17906. | 18168. 18548. J 17906. | | 56.4 | 18635. | 18349. | 18018. | 18018. | | 56.5 J 18519. | 17839. | 18179. 17839. | | 56.5 | 18412. J 17749. | 18093. 17749. J 56.4 1 18209. j | 17556. | 17895. 17556. | | 56.6 | 18333. | 17521. | 17897. 17521. | 56.4 | 17611. J | 18158. | 17611. | 17951. 56.6 J 17844. | 17521. | 17521. | 18309. | 17927. | | 56.6 | 18618. | 17927. | 18336. 5,6.8 | | 18825. J 18054. J 18054. | 18366. | 19008. | 18181. | 56.9 { 18181. | 18658. 57.3 J 19126. | J 18308. i 18308. | 18402. | 56.8 | 18466. | 17835. { 17835. | 18295. 17751. i | 56.9 | 18431. | 17751. J 18155. 18124. | 57.0 | 18477. | 17699. | 17699. | | 57.0 | 17615. | 17615. | 18397. | 17936. 56.9 | | 18132. J 17402. J 17402. | 17855. 18014. | I 56.8 | 17295. | 17295. | 17640. I 57.0 | 18172. | 17481. I 17481. I 17808. | 57.1 | 18186. | 17437. | 17437. | 17849. | 57.3 l 18382. | 17494. | 17494. | 17878. 57.4 i | 18783. | 18012. | 18012. | 18191. j 56.9 | 17526. | 18176. | 17526. | 18109. | 17807. | 57.2 | 18635. | 17807. | 18321. | 17507. | 17507. | 18022. 57.3 | 18435. | 1 57.2 | 17623. | 17924. 18413. | 17623. J 18184. i 57.0 | 17813. | 17813. | 18331. | J 57.2 J 17854. | 17054. | 18448. 1 18169. | 57.4 | 18444. | 18066. 17798. j 17798. | | 57.5 | 18476. | 17765. | 17765. | 17929. | 57.1 | 18057. | 17618. | 17618. J 17873. | 57.4 J 17896. 17720. | 17720. | 18356. | | 57.2 | 18277. I 17828. | 17828. j 18096. | 57.6 | 18604. | 17957. | 17957. | 18094. | 57.4 | 18676. 18880. | 18408. | 18408. | | 57.7 J 18584. | 18584. | 18695. 19132. | | MONETARY BASE | I I I 56.8 J | 56.8 55.7 I 55.3 I 55.3 | 55.6 | 55.3 | 55.2 | | 55.1 | 55.5 55-5 | 55.7 I 55.3 | 55.9 J | 56.2 56. 1 | 55.8 | 56.1 J 56.4 | 56.2 | 55.8 | 56.1 I 56.3 1 | 56.5 56.7 | 56.7 ( 57.6 | i 57.9 | 57.0 | 56.8 | 56.9 | 57.2 56.9 | 56.6 | I 56.5 57. 1 | 57.2 | 57.4 | 56.5 | 57.2 J | 57.5 57.3 I 57.0 | 57.0 J | 57-7 57.8 | 57.5 | | 57.8 58.0 | 58.5 I | 58.8 59.3 | TABLE 3 AGGREGATE RESERVES OP DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1967 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED I | NON| REQUIRED I TOTAL | NONI RESERVES ! BORROWED | BORROWED i RESERVES I I RESERVES | RESERVES | PLUS | I I 1 l 1 EXT. CR. I 4... | 18665. | 18100. | 18100. | 18270. 18903. | 18276. 11... | 18318. J 18318. | 18...| 18330. | 18113. | 18113. | 18205. 18241. 25...| 18757. | 18219. | 18219. | i. . . j 18368. 18708. J 18532. | 18532. 1 8. . . | 18624. | 18271. 1 18271. | 18335. 15...| 18271. j 18271. | 18309. 18727. | 22...| 18925. J 18448. | 18342. 18448. | 1... | 18495. | 18336. 18328. | 18328. ] 8. .. | 18490. | 18333. 18692. J 18490. | 15...| 18426. 18798. | 18625. | 18625. | 22...| 19252. | 18950. | 18950. | 18685. 29...J 18995. J 18860. | 18860. | 18610. 5.. .| 19213. | 19033. | 19033. | 18766. 12.. .J 18807. J 18807. J 18952. | 18726. 19... | 19200. | 19022. | 19022. | 18722. 26... I 18936. | 18838. | 18838. i 18690. 3.. .| 19025. | 18754. 19159. | 19025. | 10...| 18955. 1 18892. j 18892. J 18626. 17...| 19093. | 18970. | 18970. | 18689. 24...| 18969. | 18919. J 18919. | 18642. 18954. i 31... | 19056. | 18954. | 18675. 7... J 19127. | 19050. | 19050. | 18796. 14...J 19046. J 19003. | 19003. | 18691. 19174. | 21... | 19083. | 18913. 19083. | 28...J 19027. | 19027. | 18737. 19168. i 5. ..j 19428. | 19075. | 19075. | 18966. 19694. | 12. . . 1 19625. | 19625. | 19051. 19...| 19364. | 19313. | 19313. | 19128. 19564. | 26... | 19510. 1 19510. | 19132. 19527. | 19411. | 19411. | 2... i 19232. 19680. | 9... | 19589. | 19589. | 19309. 16.. .J 19504. | 19375. J 19375. | 19122. 23... 1 19606. i 19559. | 19559. | 19133. 30...J 19330. J 19284. | 19284. | 19070. 6.,. | 19720. | 19641. | 19641. I 19388. 19887. J 13...| 19817. | 19817. | 19501. 19722. | 20... I 19828. | 19722. | 19420. 19563. | 19637. | 27...| 19563. | 19426. 19826. | 4... J 19970. | 19826. | 19557. 19762. 1 19907. | 19762. I 19658. 11... I 20395. | 18...| 20050. 20611. | 20395. | 25...1 19927. J 19869. | 19869. i 19737. 19997. J 20077. | 19997. | 1 ... | 19786. 8... | 20180. 1 20048. | 20048. i 19850. 20131. | 20131. | 19775. 15... | 20293. | 20054. | 20054. | 19960. 20161. | 22. . .| 20064. i 29...| 20183. i 20064. | 19799. 20123. | 6. .. | 20210. | 20123. | 19922. 20081. | 20081. | 13...) 20202. | 19869. 19948. J 19948. | 19866. 20... | 20133. | 19965. J 19965. | 19868. 20310. i 27...) | MONETARY i BASE 1 1 i f 5778 i 58.2 57.6 | | 58.1 58.1 i 58.1 i | 58.3 1 58.5 58. 1 1 | 58.3 | 58.4 58.9 | 58.8 | | 58.9 58.7 | 59.0 | 58.7 | | 59.0 58.9 I 59.0 | 58.9 J 59.0 | | 59.2 59.1 | | 59.3 | 59.3 | 59.5 | 59.8 59.4 J 59.7 | | 59.7 | 60.0 | 59.8 | 60.0 | 59.8 i 60.2 60.4 | | 60.4 1 60.3 J 60.6 | 60.6 J 61.4 | 60.7 | 60.9 | 61.1 J 61.1 | 61.1 61.2 | | 61.2 61.3 | 61.3 | 61.5 J NOT SEASONAL!; ADJUSTED TOTAL | NON| NON| REQUIRED RESERVES | BORROWED J BORROWED | RESERVES [ I RESERVES 1 RESERVES J PLUS | i 1 J 1 EXT. CR. | t 19142. 19537. | 18972. | 18972. | | 18834. | 18834. | 18792. 1 19419. J 18490. 18615. | 18398. | 183 98. | | 18421. 18937. | 18399. | 18399. | | 18485. 18825. J 18649. | 18649. | | 18470. 18406. | 18759. I 18406. 1 | 18247. 18665. | 18209. | 18209. | J 18171. 18754. | 18277. | 18277. | | 18201. 18360. | 18193. | 18193. | | 18340. | 18340. | 18183. 18542. | | 18614. | 18441. | 18242. 18441. | | 19354. [ 18787. 19052. J 19052. | | 18875. J 18625. 19010. | 18875. | | 18621. 19068. | 18888. | 18888. | 1 18691. J 18610. 18836. | 18691. | J 19233. | 19055. | 18755. 19055. | | 18783. 19029. | 18931. J 18931. | | 18851. 19256. | 19122. | 19122. | | 18732. 19061. | 18998. | 18998. | | 18641. 19045. | 18922. | | 18922. | 18766. | 18716. | 18439. | 18716. I 18367. | 18748. | 18646. | 18646. | 18841. | 18764. | 18764. | 18510. | 18514. | 18869. | 18826. J 18826. i 19331. | 19240. | 19240. | 19070. | 19164. J 19023. | 18733. | 19023. | 18990. | 19452. | 19099. | 19099. | 19633. | 19564. | 19564. | 18990. 1 J 19415. | 19364. | 19364. | 19179. 19553. | 19499. | 19121. J 19499. | 19487. | 19371. | 19371. | | 19192. 19480. | 19389. 1 | 19389. | 19109. 19310. | 19181. J 19181. | 18928. | i 19327. | 19280. | 19280. J 18854. 19038. | | 18992. | 18992. | 18778. 19432. | 19353. I | 19353. i 19100. | 19536. | 19466. i 19466. | 19150. | 19783. | 19677. | 19677. | 19375. 19661. | 19587. i 19587. | | 19450. | 20058. | 19914. | 19914. J 19645. J 19824. | 19679. | 19575. 19679. | | 20406. J 20190. | 20190. | 19845. 19941. | 19751. 1 19883. | 19883. | 20084. J 20004. I 20004. ] | 19793. 20129. J 19997. i | 19997. J 19799. | 20108. I 19946. | 19946. I 19590. | 20000. | 19779. 19873. I 19873. | 19664. J 20048. | 19929. | 19S29. I 19904. | 20192. | 20105. | 20105. | | 20082. J 19961. | 19961. J 19749. 20500. | | 20233. 20315. | 20315. | | 20497. 20939. | 20594. | 20594. | 1 J | | MONETARY BASE | I i I | | I | | | i | | | | | | | | | | | | j | | | | | 1 | | | | J | | J | | | | | | | | | | | | | | | | | J 59.3 59.2 57.9 57.9 57.5 58.0 57.9 57.8 57.2 58.0 58.0 58.7 58.2 58.3 58.5 58.7 58.2 58.6 58.9 58.7 58.3 58.3 58.9 59.0 59.4 59.0 59.8 60.3 59.8 59.7 59.6 60.1 59.9 59.8 59.2 60.1 60.3 60.3 59.9 60.5 60.8 61.3 60.6 60.6 61.3 61.3 61.4 61.5 61.9 62.1 62.5 63.4 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGLS IN RESERVE REQUIREMENTS 1968 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT CCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED I 1 REQUIRED NONl NONi TOTAL 1 I RESERVES | BORROWED 1 BORROWED | RESERVES l 1 RESERVES | RESERVES J PLUS | I J J I 1 EXT. CR. 1 20030. 3.. •I 20683. | 20188. | 20188. | 10.. -i 20480. J 20300. | 20300. { 19916. 17.. .i 20116. | 19892. | 19892. | 19959. 20437. | 20204. i 20204. J 20061. 24.. •I 19984. 31.. •I 20321. | 20079. I 20079. | 7.. •l 20422. J 20181. | 20181. | 20047. 14.. •I 19969. J 19969. | 19865. 20353. J 19824. | 19824. | 20229. | 19850. 21.. •\ 20412. i 19970. [ 19970. | 20099. 28.. •I 20544. I 20044. | 20044. j 20228. 6.. •1 20528. J 19749. | 19749. 1 20070. 13.. •1 20444. | 19711. i 20030. 20.. •i 19711. | 27.. •1 20143. | 19561. | 19561. | 19982. 19604. I 19604. i 3.. •1 20300. 1 19969. 19627. | 10.. •J 20273. | 19627. | 19867. 20615. | 19852. | 17.. •1 19852. | 20088. 24.. •I 20102. | 19451. 1 19451. | 19976. 19562. J 19562. | 19960. 1.. .1 20236. | 20363. 1 19540. | 19540. | 8.. •J 19982. 15.. •1 20284. | 19572. | 19884. 19572. | 20310. |, 19641. | 19641. | 2^. •-J 19988. 20415. | 19651. J 19651. J 20024. 25.. •1 5.. • i 20339. J 19580. | 19580. | 20131. 12.. .1 20434. | 19756. [ 19756. j 20124. 20345. J 19681. | 19681. | 20079. 19.. •1 20835. I 20028. | 26.. •J 20028. i 20257. 20023. | 20023. | 20334. 3.. • 1 20516. | 20690. | 20278. | 20278. J 10.. •1 20257. 20799. \ 17.. •1 20329. | 20329. | 20525. 20976. | 20337. | 24.. -1 20337. | 20566. 20376. | 20376. | 31.. • 1 20978. 1 20620. 7.. •1 20884. | 20147. | 20147. | 20542. 14.. -1 20799. J 20223. | 20223. | 20485. 20526. | 20526. | 21.. •1 21145. | 20631. 20812. | 20438. J 20438. | 26. .•J 20633. 4.. •1 20843. | 20389. | 20389. J 20588. 11.. •1 21093. | 20459. | 20459. | 20537. 20580. 18.. .1 20954. | 20550. | 20550. | 25.. •1 20755. | 20281. | 20281. | 20558. 2.. •1 21041. | 20500. | 20500. | 20656. 9.. • 1 20995. | 20592. | 20592. | 20770. 21328. J 16.. •1 20812. | 20812. | 20955. 23.. •1 20943. | 20606. 1 20606. | 20944. 21311. | 20816. | 20816. J 20958. 30 •••i 20607. | 20607. J 20807. 6.. .| 20999. J 20915. | 13.. •I 21590. | 20915. | 21053. 21390. | 20877. | 20877. | 21161. 20.. •J 21086. 27.. •1 21271. | 20688. | 20688. i 21480. | 4.. •1 21001. 20949. | 20949. | 21120. | 21068. 20686. | '20686. | 1 1 . . •I 21500. | 20925. | 20925. | 21132. 18. .•1 21219. 25.. •1 21639. | 20780. | 20780. | NOT SEASONALLY ADJUSTED 1 TOTAL | | MONETARY | NON| NON| REQUIRED | BASE J RESERVES | BORROWED | BORROWED | RESERVES 1 1 I RESERVES | RESERVES | 1 1 1 I J PLUS 1 1 I 1 EXT. CR. 1 | 21616. | 21121. | 61.9 | 20963. 21121. | 21141. | i 61.8 | 20961. | 20961. | 20577. 61.5 | 20475. I 20251. | 20251. | 20318. | | 62.0 1 20645. | 20412. | 20412. | 20269. | 61.9 | 20424. | 20183. i 20183. I 20088. 20264. 62.0 | 20639. | | 20398. | 20398. | | 62.0 J 20328. J 19944. J 19944. J 19840. | 61.9 1 20097. | 19692. | 19692. | 19718. J 62.1 1 19940. | 20382. | 19940. | 20069. | 62.3 | 20518. | 20018. | 20018. | 20202. 62.4 1 | 19550. | 19871. 20329. | 19550. | i 62.3 | 20428. | 19695. 1 19695. | 20014. I 62.1 | 20097. | 19515. | 19515. | 19936. 20240. | 62.3 | 19544. | 19544. | 19909. | 62.4 | J 20229. | 19583. J 19583. | 19823. I 62.9 | 20801. | 20038. | 2G038. J 20273. | 62.3 | 20247. | 19596. | 19596. | 20121. | 62.5 | 20280. | 19606. | 19606. | 20004. 62.7 | 20450. J 19627. | | 19627. | 20069. 20184. | | 62.7 | 19472. | 19734. 19472. | | 62.8 | 19503. | 20172. | 19503. 1 19850. 1 62.9 | 20138. J 19374. | 19374. J 19747. | 63.0 | 20116. | 19357. | 19357. i 19908. J 20190. J 63.1 | 19512. | 19512. | 19830. | 63.0 | 20349. | 19685. i 19685. | 20083. | 63.5 | 20921. | 20114. | 20114. | 20343. J 63.3 | 20536. | 20043. | 20043. | 20354. | 63.5 | 20564. | 20152. | 20152. | 20131. | 63.6 | 20682. | 20212. | 20212. | 20408. 63.8 | | 20906. | 20267. | 20267. | 20496. | 63.9 J 20229. J 20831. J 20229. | 20473. | 63.9 J 20854. | 20117. | 20117. | 20512. | 64.0 | 19987. | 20563. | 19987. j 20249. 64.4 | | 20872. | 20253. | 20253. t 20358. 64.1 | i 20075. | 20449. | 20075. | 20270. 64.3 | 20534. | 20080. | | 20080. | 20279. | 64.5 | 20844. | 20210. | 20210. | 20288. J 64.4 | 20632. | 20228. | 20228. | 20258. J 20504. | 64.2 | 20030. J 20030. | 20307. | 64.6 J 20980. | 20439. | 20439. | 20595. | 20636. I 20636. | 64.7 J 21039. | 20814. | 65.0 | 21457. J 20941. | 20941. | 21084. | 64.6 | 20971. | 20634. | 20634. J 20972. 1 65. 1 | 21231. | 20736. | 20736. | 20879. J 20503. | 64.9 i 20895. j 20503. | 20703. | 65.5 | 21545. | 20870. | 20870. | 21008. J 20888. | 65.4 | 21401. J 20888. | 21172. 20504. | | 65.3 [ 21087. I 20504. I 20902. i 65.7 J 20825. J 21356. | 20825. | 20877. | 20514. | 65.3 | 20943. | 20514. J 20896. | 65.8 | 20944. J 21519. J 20944. J 21151. | 20784. | 65.9 | 21643. | 20784. | 21223. | MONETARY BASE l I I i 63.4 i J 63.0 | 61.9 61.8 | 1 61.2 | 61.8 61.6 J | 61.2 I 61.3 | 61.8 j 61.9 | 62.0 | 61.4 61.8 | | 62.4 | 62.9 | 61.9 | 61.8 1 62.6 J 62.4 | 62.4 | 62.1 | 62.6 J 63.1 | 63.1 j 63.4 1 63.4 | 64.2 | 63.9 | 63.9 | 63.6 64. 1 | 2 64.1 | 64.3 | 63.6 | 64.0 I 64.7 1 64.2 | 63.7 J 64.2 | 65.0 | 65.3 | 64.6 | 64.6 | 65.0 | 66.0 J 65.8 | 65.5 | 66.3 ( 66.2 | 66.8 J 67.2 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1. 1 TOTAL 1 RESERVES 1 1 196? JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 1... i 8...| 15,..| 2 2 ...\ 29__1 5,.. | 12...1 19...I 26...| 5... | 12...| 19...J 26...| 2.. .| 9... | 16...| 23... | 30...1 7... | 14...| 21...1 28...| 4...| 11... | 18... | 25... | 2... | 9... | 16. ..| 23--| 30...| 6... 1 13...| 20... | 27...| 3. .. | 10.. .J 17...| 24... | 1... | 8...J 15... | 22...| 29.. .| 5...| 12...1 19...) 26... | 3... | 10... | 17... | 24... | 31... | 22327, 21647, 21795. 21678. 21441. 21553. 21565. 21743. 21488. 21491. 21419. 21227. 21286. 21318. 21232. 21139. 21339. 21258. 21720. 21538. 21313. 21431. 21507. 21532. 21162. 21190. 21467. 21043. 21115. 21171. 20717. 21080. 21141. 21093. 21123. 21227. 21280. 21091. 21170. 21380. 211C 1. 21243. 21087. 20828. 21265. 21351. 21390. 21315. 21421. 21513. 21485. 21417. 21793. SEASONALLY ADJUSTED J NON| NON| REQUIRED | BORROWED | BORROWED I RESERVES 1 RESERVES | RESERVES j i 1 1 PLUS EXT. CR. 1 | 21007. | 21007. | 21426. J 21149. | 21149. | 21445. | 21108. | 21108. J 21563. | 20896. | 20896. | 21405. | 20550. J 20550. | 21253. | 20809. | 20809. I 21318. | 20766. | 20766. | 21344. | 20699. | 20699. J 21380. | 20731. | 21284. 20731. | | 20757. | 20757. | 21284. 20544. | | 20544. I 21171. | 20451. i 20451. | 21142. | 20322. | 20322. 1 21018. | 20123. | 20123. | 21009. | 20285. | 20285. I 21007. 20380. | 20995. | 20380. | | 20204. | 20204. | 21167. | 20140. | 20140. | 21173. | 20117. | 20117. | 21237. 20367. J 20367. | | 21277. 19955. | 19955. | | 21197. | 20128. | 20128. | 21318. I 19986. | 19986. j 21138. 21084. | 20272. | 20272. | | 19847. | 19847. J 21063. 19867. | 19867. | | 20999. | 19833. J 19833. | 20971. 20023. J 20930. | 20023. | | 19836. | 19636. | 20939. | 19817. | 19817. | 20789. | 19448. j 19448. | 20571. | 19990. | 19990. | 20829. | 19813. | 19813. | 20808. 19872. | 19872. | 21034. 1 19919. | 19919. | | 20911. 19987. | | 19987. | 20825. 20540. J J 20540. | 20889. 20073. | | 20073. | 20959. 20064. j | 20064. | 20966. 19944. | 19944. | 21060. | 20134. | J 20134. J 20962. J 19896. | 19896. | 21025. 20072. | 20931. | 20072. | 19649. | 19649. 1 20748. 1 19938. | 19938. | 20969. | 20107. | 20980. | 20107. | 20319. J 20319. | 21244. J 20105. 1 21177. | 20105. | 20230. | 21218. J 20230. | 20313. | 20313. | 21222. J 20441. | 21388. | 20441. | 20321. | 21153. | 20321. | 20689. I 21265. | 20689. | NOT SEASONALLY ADJUSTED I | MONETARY j TOTAL | NON| NON| REQUIRED | BASE | RESERVES | BORROWED i BORROWED | RESERVES 1 I 1 RESERVES | RESERVES | | 1 J 1 1 PLUS EXT. CR. I 22645?"" | 6676 | i 213257 I" 21325. | 21744. 66.0 | | 22209. | 21711. | 21711. | 22007. 66.2 | 22725. J | 22038. J 22038. | 22493. 22556. | | 66.2 | 21774. | 21774. | 22283. 66.0 1 21895. | | 21005. | 21005. | 21707. | 66.2 | 21796. | 21052. | 21052. | 21561. 1 66.3 | 21648. | 20849. i 21427. 20849. | 66.5 | | 21951. | 20907. | 20907. | 21588. | 66.2 1 21515. | 20758. J 21311. 20758. 1 66.4 J | 21422. | 20688. | 20688. | 21215. | 66.3 | 21248. I 21000. 20373. I 20373. I | 66.2 i 21174. J 20398. | 20398. | 21089. i 66.2 | 21132. | 20168. | 20864. 20168. | | 66,4 | 21242. | 20047. J 20047. | 20933. I 66.3 | 21110. I 20163. I 20163. | 20885. | 21109. J 20350. | 20965. 66.2 | 20350. | 66.4 J J 21368. | 20233. | 20233. | 21196. 66.4 | 21415. i I 20297. | 20297. | 21330. 21941. | 20338. | 21458. | 66.9 | 20338. | | 66.8 1 21573. | 20402. | 20402. | 21312. 20161. i | 66.6 | 21519. | 20161. | 21403. 21484. | 20181. | 20181. | | 66.8 J 21371. 67.0 | 21466. | < 19945. | 19945. J 21097. | 67.1 | 21322. | 20062. | 20874. 20062. | | 66.7 J 20928. | 19613. J 19613. | 20829. | 66.8 | 20892. | 19569. | 19569. 1 20701. | 21387. | 67.2 | 19753. J 19753. | 20*891. J 66.7 | 21058. 1 20038. | 20038. | 20945. J 21154. | 66.8 | 19875. | 19875. | 20978. | 66.9 J 21112. | 19758. | 19758. | 20730. | 66.6 i 20612. | 19343. | 19343. | 20466. | 67.0 1 20999. | 19909. | 19909. | 20748. 67. 1 | | 20952. J 19623. | 19623. | 20619. | 67.1 | 21063. | 19842. | 21004. 19842. | J 67.2 | 20895. j 19691. | 20683. 19691. | | 67.5 | 20968. | 19728. J 19728. 1 20566. | 67.4 J 20961. i 20570. 20221. | 20221. | | 20811. | 67.3 | 19793. J 19793. | 20679. J 67.4 | 20922. | 19816. i 19816. J 20718. | 67.7 | 21325. | 19889. | 19889. | 21005. | 67.6 | 21092. | 20125. | 20125. | 20953. | 67.8 | 21288. j 19941. 1 19941. | 21070. J 67.7 | 21126. | 20111. | 20111. J 20970. 67.5 I | 20757. 1 19578. | 19578. | 20677. 68.0 | 21175. | 19847. | | 20879. 19847. | 21241. | 19997. | | 68.1 ] 19997. | 20870. J 21419. | 68.1 | 20348. J 20348. | 21273. | 68.1 J 21123. | 19913. 1 19913. | 20985. i 68.3 i 21247. J 20056. | 20056. | 21044. 68.4 | | 21295. I 20096. i 21005. 20096. I i 68.4 | 21371. 21468. | 20424. | 20424. J | 68.4 I 21388. | 20292. | 20292. | 21124. 22087. I | 68.8 l 20983. | 209S3. | 21559. | MONETARY | BASE I I 1 | 67.6 | 67.2 ( 67.2 | 66.8 | 65.7 | 66.0 | 66. 1 | 66.3 J 65.5 | 65.8 | 65.9 i 65.8 | 65.5 | 65.8 | 66.3 1 65.9 | 65.9 | 65.8 | 66.9 | 66.6 J 66.5 f 66.3 i 67.1 J 67.1 J 66.6 | 66.3 | 67.1 J 67.7 | 67.3 | 67.1 i 66.3 | 67.3 | 67.3 | 67.3 J 66.9 i | 67.3 | 67.5 | 67.1 | 66.9 | 67.2 | 67.7 | 68.0 | 67. 7 | 67.0 | 67.9 | 68.5 | 68.7 | 68.4 | 68.9 | 69.3 | 69.3 | 69.7 | 70.0 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1970 JAN JAN JAN JAN IEB FEB FEB FEB BAB MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUI JUL JUL JUI JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC L 1 TOTAL 1 RESERVES i 1 __ 1 7... | 21460. 14... | 21323. 21--J 21559. 28...| 21404. 4.. .| 21563. 11. .. [ 21468. 18...| 21386. 25...| 21119. 4... | 21129. 11... J 21012. 18...J 21215. 25...| 21172. 1... | 21439. 8.. .| 21443. 15... | 21721. 22... | 21792. 29. •. ] 21446. 6... | 21780. 13...J 21350. 20...| 21527. 27...1 21105. 3... | 21368. 10... 1 21348. 17...1 21545. 24.. .1 21307. 1... | 21593. 8...| 21447. 15...| 21687. 21794. 22...| 29...| 21746. 5...I 21834. 12...| 22219. 19...i 22025. 26... | 22052. 2.. .j 22185. 9.. .| 22569. 16...| 22586. 23... | 22163. 30... | 22508. 7... i 22676. 14...| 22350. 21.. .1 22693. 28... | 22607. 4.. .| 22765. 11...1 22765. 18... | 22650. 25...| 22549. 2.. .| 23004. 9... | 22863. 16... | 22950. 23... | 23136. 30...| 23388. SEASONALLY ADJUSTED NON| REQUIRED | NON| J BORROWED | BORROWED | RESERVES 1 RESERVES l RESERVES | | 1 l PLUS EXT. CR. i 1 20608. | 1 21175. 20608. | 21246. | 20458. | 20458. | 21355. | 20596. ] 20596. J | 20374. | 20374. | 21292. 21352. | 20305. | 20305. | I 20399. J 20399. J 21261. | 20276. | 20276. J 21137. 20947. | 20054. | 20054. | J 20293. | 20293. J 20931. | 20080. | 200G0. | 20941. j 20398. i 21065. 20398. J | 21076. 20236. i 20236. 1 20490. i 20490. | | 21100. | 20947. | 20947. | 21264. | 20704. | 20704. | 21619. 1 21634. 20823. | 20823. | 1 21334. 20552. | 20552. i | 21006. | 21006. | 21430. | 20540. | 20540. i 21322. | 21313. 20348. J 20348. | | 20172. | 20172. | 21061. | 20144. | 20144. | 21173. | 20491. J 20491. | 21212. | 20887. | 20'887. | 21272. | 20420. | 21219. 20420. | 21320. i 20602. i 20602. | I 20153. | 20153. | 21373. | 20006. | 20006. J 21457. I 20408. J 20408. | 21609. | 20515. | 20515. | 21593. | 20824. | 20824. J 21646. | 21045. | 21045. | 21940. 21344. | 21344. | J 21933. | 21392. | 21392. | 21914. | 21525. J 21525. | 22007. 21806. | 21806. | J 22154. 1 22086. | 22086. | 22230. | 21703. | 21703. | 22210. 21847. | 21847. | | 22236. 22324. i 22278. | 22278. | | 21900. | 21900. | 22309. | 22107. I 22107. I 22504. | 22174. | 22174. | 22416. | 22342. | 22342. | 22447. J 22320. J 22320. | 22483. | 22320. | 22320. | 22486. i 22113. | 22113. | 22*473. { 22549. | 22549. | 22587. | 22573. | 22573. | 22727. | 22551. | 22551. | 22830. | 22926. 22811. | 22811. | i 23118. | 23118. | 22954. NOT SEASONALLY ADJUSTED 1 TOTAL | NON| NON| REQUIRED | MONETARY | | BASE J RESERVES | BORROWED | BORROWED | RESERVES I 1 I RESERVES | RESERVES | PLUS J 1 I 1 I 1 1 __ 1 EXT. CS. i ^ 21767. | 68.5 | 22052. | 21200. | 21200. I 22147. | 22224. | 21359. I 68.5 | 21359. | | 22582. | 21619. | 21619. | 22378. 68.8 j 2T744. J 68,7 | 21856. | 20826. i 20826. i J 69.0 J 21795. | 20537. | 20537. | 21584. 20434. | 20434. | | 68.9 | 21503. | 21296. | 21563. | 21314. 20453. | 68.8 | 20453. | | 68.6 | 21159. | 20094. | 20094. | 20987. | 21067. | 20231. | 68.7 | 20869. 20231. | | 68.6 | 20850. | 19918. | 19918. | 20779. | 21183. | 68.9 | 20366. I 20366. | 21033. | 68.9 I 21041. | 20105. | 20945. 20105. | | 21354. | 69.3 | 20405. J 20405. | 21015. | 69.3 | 21297. | 20801. | 20801. | 21118. | 21719. 1 69.6 | 20702. 1 21617. 20702. | I 20844. | 69.8 | 21813. | 20844. | 21655. j 21604. J 20710. | 69.6 i 20710. 1 21492. 21724. | 70.1 | 22074. [ 21300. | 21300. | 21300. i 69.7 | 21328. | 20518. i 20518. | | 21433. 70.0 I 21647. | 20468. | 20468. I 20998. | | 69.6 | 20065. | 20065. | 20954. I 21280. | 20056. J 20056. | 21085. 69.9 | 20295. | 21016. | 69.9 | 21152. | 20295. | | 70.2 J 21366. | 20708. | 20708. | 21093. | 20895. 69.9 1 20983. | 20096. | 20096. | | 20464. | 20464. | 21455. | 21182. 70.3 | | 21436. | 20142. | 21362. 70.2 1 20142. I | 21758. | 20077. | 21528. 20077. | 70.5 | 20471. I | 21857. 1 20471. | 21672. 70.7 1 | 21530. 70.7 | 21683. | 20452. | 20452. | 21457. 21645. | | 20635. | 70.8 | 20635. | | 22011. | 20837. | 20837. | 21732. 71.2 | 71.1 J i 21811. 21903. | 21222. | 21222. | 21052. J 21574. | 71.0 | 21712. | 21052. J | 21870. J 21210. | 21210. | 21692. 71.3 | | 22361. | 21946. 71.8 | 21598. | 21598. J 22334. I 21834. | | 21834. | 21978. 71.9 [ 21854. | 21901. | 21394. | 71.5 | 21394. | 22428. | 22156. | 21767. | 71.9 | 21767. | J 22301. 22255. | 72.2 | 22653. | 22255. | | 71.8 J 22341. | 21891. I 21891. | 22300. | 72.2 | 22737. I 22151. | 22548. 22151. | J 72.2 | 22396. J 22205. 21963. | 21963. | J 72.5 | 22597. | 22174. | 22174. | 22279. J 72.5 i 22654. | 22372. 22209. | 22209. j 72.4 { | 22672. | 22342. | 22342. | 22508. | 72.3 | 22347. | 21911. i 22271. 21911. | | 72.9 | 22822. | 22405. 22367. | 22367. J | 72.8 | 22645. | 22355. | 22355. | 22509. 73.0 | I 22912. J 22513. J 22513. J 22792. J 73.3 | 23140. | 22815. | 22815. | 22930. 73.5 J | 231S4. 23628. | 23358. | 23358. J l | 1 1 1 | i | | | 1 | | | | | | | | | | { J | j | | | | | | | | I | | | | | 1 { | | | | J | J \ | | | | | J | | MONETARY BASE 69.7 69.5 69.6 68.4 68.5 68.6 68.5 67.8 68.0 68.2 68.5 68.2 68.6 69.0 69.4 69.4 69.0 70.2 69.6 69.9 69.0 69.8 70.1 70. 1 69.5 70.0 71.2 71.1 71.0 70.4 70.9 71.6 71.3 70.7 70.8 72.2 71.7 70.9 71.2 72.2 72.0 72.3 71.5 72.1 72.9 72.9 72.5 73.2 73.7 73.8 74.4 74.8 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS 1971 JAM JAM JAN JAN FEB FEB FEB FEB EAR MAR MAE MAE MAR APR APR APR APR HAY HAI HAY HAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC SEASONALLY ADJUSTED 1. TOTAL | NON| NON| REQUIRED 1 1 RESERVES | BORROWED | BORROWED | RESERVES 1 RESERVES | RESERVES | | 1 1 1 PLUS 1 EXT. CR. | 6... | 23596. ] 23189. | 23189. I 23020. 22941. | 13...| 22664. | 22664. | 22909. 20...1 23298. | 22826. | 22826. | 23206. 27..•| 23318. | 22964. | 22964. I 23036. 3... J 23369. | 23086. | 23086. | 23132. 10...| 23444. J 23197. | 23197. | 23239. 17__J 23693. J 23132. | 23132. J 23396. 24... | 23637. | 23387. | 23387. | 23320. 3...I 23462. | 23204. i 23204. | 23292. 10.., | 23421. j 23000. | 23339. 23000. | 17...| 23758. | 23468. ] 23468. | 23493. 24...| 23440. | 23107. | 23107. | 23372. 31...1 23818. | 23561. | 23561. | 23442. 7.. .| 23647. 1 23450. | 23450. | 23370. 14...| 23490. | 23340. | 23340. | 23282. 21...| 23495. | 23411. | 23411. | 23414. 28...| 23702. J 23526. I 23526. | 23654. 5...| 24104. | 23930. J 23930. | 23739. 12...| 23796. J 23697. | 23697. | 23566. 23805. | 19--1 23499. J 23499. | 23703. 26...| 23923. | 23656. | 23656. | 23749. 2...| 24013. | 23367. | 23367. | 23728. 23860. | 23707. | 23707. | 9.. .1 23787. 16...| 24115. 1 23712. J 23712. | 23849. 23...| 23928. | 23309. | 23309. | 23718. 30...| 24115. | 23365. | 23365. | 23883. 7...| 24062. | 23401. | 23401. | 23785. 14...| 23882. | 22891. | 22891. | 23877. 21... | 24385. | 23264. | 23264. | 24103. 28...| 24209. | 23664. | 23664. | 24142. 4... | 24636. | 23872. | 23872. | 24202. 11... i 24153. | 23560. | 23560. | 24126. 18...| 24329. | 23150. | 23150. J 24105. 25...| 24088. | 23317. | 23317. | 23997. 1.. . | 24528. | 23822. | 23822. | 24204. 8...| 24715. | 23950. | 23950. | 24510. 15__i 24765. | 24308. J 24308. i 24518. 22...| 24330. | 24001. | 24001. | 24391. 24337. 1 24337. | 24418. 29...| 24761. | 24532. J 24223. J 24223. | 24318. 6...I 13...| 24284. i 23835. | 23835. | 24235. 20...| 24554. | 24222. | 24222. | 24344. 24213. 27... | 24264. | 23851. | 23851. | 24350. 3...J 24746. | 24530. J 24530. | 24356. 10...J 24366. | 24244. | 24244. | 24374. | 24374. | 17... | 24661. | 24473. 23917. | 23917. J 24311. 24-- | 24455. I 24408. 1. .. | 24998. | 24293. i 24293. | 24369. 8... | 24512. | 24453. | 24453. | 15...J 24642. J 24617. | 24617. i 24438. 24558. 22... | 24529. i 24388. | 24388. | 24811. | 24811. | 24713. 29... | 25027. J NOT SEASONALLY ADJUSTED I NONJ REQUIRED TOTAL | NON1 HONETARY | I i BASE J RESERVES J BORROWED I BORROWED | RESERVES 1 1 J RESERVES I RESERVES | | 1 I PLUS 1 1 1 1 1 i EXT._ CB. 1 ____ _ 23874. 1 23705. | 73.8 | 24281. | 23874. | 23844. i 23876. | 23599. 1 73.3 J 23599. 1 24434. 73.7 | 24054. 1 24054. | 24526. i | 23870. | 23516. 1 23568. 73.8 J 23516. | | 23448. 74.0 \ 23685. | | 23402. 1 23402. | 23301. | 74.1 | 23343. 23548. | 23301. 1 | 23364. 74.6 | 23925. J 23626. | 23364. | 74.4 | 23443. | | 23693. | 23443. 1 23376. 74.4 | 23366. | | 23108. S 23108. | 23196. | 74c 4 | 23154. 23236. { 22815. 1 22815. J 23450. | 74.8 I 23715. | 23425. i 23425. 1 74.6 | 23294. | | 22961. | 23226. 22961. 1 23344. 23463. | | 75.0 | 23720. | 23463. 1 23210. { 75.0 | 23487. | 23290. 1 23290. | 23436. | 23228. | 74.9 | 23296. 1 23286. | 75.0 | 23584. 1 23587. 23584. | J 23668. | 23794. I 75.3 | 23842. ( 23666. 1 23666. | 24044. J 75.7 J 24409. | 24235. i 24235. | 75.4 | 23717. | 23586. | 23816. | 23717. 1 75.4 | 24017. | | 23711. | 23915. 23711. 1 | 75.6 | 23933. 1 23666. | 23759. 23666. 1 | 75.8 | 2397?. | 23331. | 23692. 23331. 1 | 75.8 | 23621. 1 23468. 1 23468. | 23548. | 76.1 | 23931. | 23528. 1 23528. | 23665. | 75.9 | 23674. | 23055. 1 23055. 1 23464. 76.4 | | 23979. 1 23747. 23229. 1 23229. | 76.4 i J 24005. | 23344. 1 23344. ( 23728. | 76.4 1 23903. | 22912. i 22912. | 23898. | 77.0 | 24504. | 23383. i 23383. | 24222. | 76.9 J 24165. | 23620. i 24098. 23620. | | 23689. | 24019. 77.3 | 24453. | 23689* i 23916. | 23325. | | 76.8 | 23325. i 23891. 23954. | 77.1 | 22999. * 24178. | 22999. i J 76.9 | 23802. | 23031. i 23031. | 23711. | 77.4 I 24177. J 23471. i 23471. | 23853. 77.7 | | 24422. | 23657. i 23657. I 24217. 24427. | 23970. i 23970. | 24130. | 77.9 | | 77.5 | 23972. | 23643. i 23643. | 24033. 24627. | 24284. | 78.0 | 24205. | 24203. i 24535. | 24226. i [ 77.7 | 24226. J 24321. | 77.5 | 24265. | 23816. i 23816. | 24216. 24267. | 24389. J 77.9 ] 24599. | 24267. j 24045. | 23994. | 77.6 | 23632. i 23632. | 24544. | | 78.1 J 24148. 24328. i 24328. J 24160. | 24038. i 24038. | 24150. | 77.8 | 24674. | 78.1 | 24387. i 24387. | 24486. | | 24299. | 23761. i 23761. | 24155. 77.9 | 24833. | 24128. i 24128. | | 78.5 | 24243. 78.1 | 24315. J 24172. | 24256. i 24256. | 24620. | 24595. i 24416. | 24595. | 78.3 J 24569. | 24428. i 78.2 J 24428. ( 24598. | 25257. | 25041. i 25041. ; 24943. | 78.8 | | HONETARY I BASE 1 i 1 f 75.2 | 74.4 | 74.6 | 73.5 | 73.5 | 73.8 74.4 1 73.6 | | 73.5 | 74.0 | 74.4 | 73.8 | 74.1 | 74.7 | 74.9 i | 74.7 | 74.5 | 75.6 S 75.5 | 75.5 75.2 | | 75.7 | 76.0 | 76.1 | 75.7 | 76.0 | 77.3 i 77.1 i 77.5 | 76.7 | 77.3 | 77.3 I 77.4 | 76.6 | 76.7 | 78.0 | 77.6 | 76.9 | 77.1 77.7 I | 77.8 | 77.8 £ 77.1 | 77.7 | 78.1 | 78.5 | | 78.3 78.8 | 79.0 I 79.2 | 79.5 | 80.1 1 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1972 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED L | REQUIRED NON| NONi TOTAL J I RESERVES | BORROWED | BORROWED 1 RESERVES I J RESERVES | RESERVES I | I J 1 PLUS 1 1 EXT. CR. 1 25198. | 25198. | 24943. 5...| 25255. | 24937. J 24954. | 24937. | 24849. 12...J 2503 7. 25241. | 25241. | 19...| 25255. | 24908. 25100. | 25088. | 25088. | 26... | 25324. | 25079. 2...| 25308. | 25308. | 25120. J 25078. 1 25078. | 25070. 9... J 16...i 25096. 25389. | 25389. | 25407. | 24977. 25093. | 25093. | 23...| 25107. | 25064. | 25064. | 25049. 1 ... i 25131. | a... i 25083. J 24980. | 24980. | 24907. 25138. 25518. | 25518. | 25531. | 15... | 25141. 24893. | 24893. | 22... | 25008. | 25490. J 25490. J 25358. 29... J 25643, | 25494. 25727. | 25727. I 25868. I 5...I 25646. | 25646. | 25660. I 25494. 12... | 19... | 25503. | 25460. | 25460. | 25562. 25431. J 25431. | 25710. | 26...| 25492. 25643. J 25507. 3... J 25526. | 25526. | 25647. | 25647. | 10... | 25734. | 25543. 17...1 25858. | 25819. | 25819. | 25664. 24...| 25649. | 25586. J 25586. | 25563. 25609. | 25609. | 25863. I 25775. 31... J 7... | 26046. | 25988. J 25988. | 25715. 14...I 25896. J 25802. i 25802. | 25787. 26001. | 26001. J 21... J 26060. | 25848. 25811. | 25682. | 28...| 25682. I 25687. 5... J 26215. | 25903. | 25903. | 25887. 25741. | 25741. | 25745. 12... I 25968. | 25918. | 25944. 19...J 26091. J 25918. | 26070. J 25898. | 26...J 25898. | 25991. 26394. | 26031. 1 26031. | 2... | 26152. 26454. | 26167. 1 26167. | 9... | 26324. 26231. J 26613. | 26231. | 16...| 26359. 26294. 1 25946. | 25946. | 23...J 26254. 26503. | 26026. | 26026. | 26276. 30... | 26130. 26926. | 26089. | 26089. | 6...J 26104. | 25955. I 25955. | 13...J 26219. 25708. 1 25708. | 26219. 26425. | 2 0 ... | 25654. | 25654. | 26204. | 26167. 27...| 26664. i 26228. | 26228. | 26434. 4. ..| 26784. | 26249. | 26426. 11 .. . i 26249. | 26675. 26796. I 26362. | 26362. J 18... | 25975. I 26590. 25975. | 26740. | 25...1 1. . . 1 26927. | 26372. | 26372. | 26722. 25974. | 25974. | 26809. 8.. .| 26933. | 27130. | 26838. 27130. 1 27624. | 15...1 26847. 26617. | 27036. I 26617. | 22...1 26776. J 27008. 27348. | 26776. | 29... | 27234. 26981. | 27570. | 26981. | 6... | 27314. 26753. | 26753. | 27558, | 13...J 27453. 26438. | 26438. | 20... I 27659. | 27406. 26477. { 26477. | 27595. | 27...| NOT SEASONALLY ADJUSTED 1 TOTAL | NONJ NONi MONETARY | | REQUIRED BASE | RESERVES J BORROWED | BORROWED | RESERVES ] I 1 1 RESERVES | RESERVES | PLUS 1 i 1 1 1 EXT. CR. 1 1 1 1. 25971. | 25914. | 25914. I 25659. | 79.1 | 25947. | J 78.8 | 25930. | 25930. | 25842. | 26671. | 26657. | 26453. 79.2 | 26657. | 25801. 1 | 79.1 | 25789. | 25789. | 25609. | 79.5 1 25684. | 25668. J 25668. | 25439. 79.4 | | 25208. | 25166. I 25166. | 25158. | 79.8 | 25549. | 25531. | 25531. | 25238. 25154. 1 | 79.5 | 25140. | 25024. 25140. | 79.7 | | 24978. J 24896. 24911. | 24911. i | 79.7 | 24753. | 24753. | 24680. 24856. | 80.3 1 25416. | | 25403. | 25403. | 25023. | 24754. | 24754. J 79.8 | 24869. J 25002. 80.5 J | 25481. | 25328. | 25328. | 25196. | 80.7 | 25823. | 25682. | 25682. | 25449. 80.5 J 25573. | | 25559. i 25559. J 25407. 80.4 | 25708. J | 25665. J 25767. 25665. J 80.7 | 25846. | 25567. | 25567. | J 25628. j 80.8 | 25960. | 25843. | 25843. J 25824. 80.9 | 25814. | | 25901. | 25814. | 25710. 81.0 | | 26227. | 26188. | 26188. 1 26033. | 25730. | 25730. | 25707. 80.9 J 25793. | | 81.2 | 25927. | 25673. | 25673. | 25839. | 81.5 | 25863. | 25805. J 25805. | 25532. | 81.4 J 25610. | 25516. | 25516. | 25501. | 81.6 j 25779. J 25720. J 25720. | 25567. 81.4 | | 25528. | 25399. | 25404. 25399. | | 81.9 | 26249. | 25937. | 25937. | 25921. | 25907. | 81.8 | 25680. | 25680. | 25684. J 81.9 | 26338. | 26165. | 26165. | 26191. | 82.0 | 26119. | 25947. i 25947. | 26040. | 26224. | 82.3 | 25861. | 25861. | 25982. | 82.6 | 26192. | 25905. | 25905. J 26062. | 82.7 J 25984. | 26366. | 25984. | 26112. 25920. | i 82.6 | 25572. | 25572. [ 25880. | 26078. | 25601. | 82.9 | 25601. | 25851. | 83.3 i 26496. | 25659. | 25659. | 25700. | 82.6 | 25633. | 25484. | 25484. | 25748. | 83.0 | 26085. | 25368. | 25368. | 25879. I 82.9 | 26078. 1 25528. | 25528. | 26041. | 83.5 | 26233. | 26669. | 26233. | 26439. J 83.7 | 26677. | 26142. | 26142. | 26319. | 83.9 | 26953. | 26519. | 26519. | 26832. I 83.9 | 25754. | 26519. | 25754. | 26369. 84.3 | | 26093. | 26648. | 26093. J 26443. 84.4 | | 25662. | 26497. 26621. | 25662. | | 27009. | 85.2 | 27503. | 27009. | 26717. | 84.8 | 26483. | 26902. | 26483. | 26713. | 85.2 | 27061. | 26489. | 26489. | 26721. | 85.4 | 26733. | 26733. | 27322. | 26986. | 85.5 | 27367. | 26562. | 26562. | 27123. | 85.8 | 26461. | 26461. | 27476. 27682. J J 85.7 | 26581. | 26581. | 27510. 27699. | J MONETARY | BASE 1 1 1 80.4 | 80.1 J | 80.4 | 79.0 | 78.8 | 79.2 | 79.3 | 78.9 | 78.4 | 79.2 | 79.8 | 79.2 | 79.5 | 80.5 | 80.5 | 80.4 | 80.2 | 80.5 | 81.2 | 81.4 | 80.8 | 81.0 I 81.5 | 81.4 | 81.5 | 80.9 | 82.7 | 82.6 | 82.7 | 82.1 | 82.2 83.0 i 1 83.0 | 82.3 | 82.0 | 83.3 | 82.4 | 82.6 | 82.1 | 83.1 84.1 | 84.1 | 83.4 | i 83.3 i 84.5 | 85.5 | 85.2 | 85.1 i 86.0 | 86.5 J 87.0 | 87.4 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS I. I TOTAL I RESERVES J I 1973 JAN JAN JAN JAN JAN FEB i EB FEB FEB MAR MAR MAR MAR APR APR APR APR HAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV 3... | 10... | 17...| 24. ..1 31... J 7...J 14...| 21... | 28...| 7... | 14.. .| 21... | 28...J 4...| 11... i 18... | 25... 1 2... | 9.. .i 16...1 23... i 30... J 6.. .1 13...J 20... 1 27... 1 4. ..J 11... 1 18...J 25...| 1.. .| 8... | 15...| 22...I 29...J 5...I 12...| 19...| 26...| 3... J 10...J 17...J 24.. .1 31... | 7.. .| 14...| 21...! 28...I 5... | DEC D E C 12...1 DEC 19...| DEC 26...i 28166. 27677. 28300. 27610. 28174. 27791. 27837. 28136. 27698. 28363. 27916. 28262. 28116. 28705. 27919. 28305. 28201. 28063. 27933. 28436. 28182. 28291. 28454. 28054. 28453. 28369. 29144. 28511. 29070. 28611. 29042. 28613. 28921. 28696. 28862. 29171. 28702. 28807. 28815. 29166. 29120. 28915. 29386. 29308. 29179. 29217. 29284. 28894. 29330. 28892. 29231. 29417. SEASONALLY ADJUSTED i NON| NON| REQUIRED | BORROWED | BORROWED | RESERVES 1 RESERVES | RESERVES | | I ] PLUS EXT. CR. I | 26415. J 26415. | 27588. | 26986. | 26986. ! 27532. | 27007. | 27007. | 27971. j 26516. J 26516. | 27643. | 26864. | 26864. | 2771 9. | 26559. | 26559. I 27673. | 25845. | 25845. | 27650. i 26466. | 26466. | 27631. | 26219. J 26219. I 27719. 28027. J 26678. | 26678. | | 26425. | 26425. i 27891. 28014. | 26123. I 26123. | 28028. J 26105. | 26105. | | 26950. | 26950. | 28169. 28010. | 26420. i 26420. i | 26457. | 26457. | 28068. j 26555. | 26555. J 27863. 26189. | 26189. | | 27832. 28014. | 26449. | 26450. | | 26621. | 26622. 1 28096. 26494. | 26495. | J 28088. 25891. | 25892. | | 28146. | 26790. | 26791. | 28110. 26354. J 263 55. | | 28052. 26525. | 26535. I | 28309. 26520. 1 26530. | | 28149. I 26744. | 26776. | 28512. 28516. 1 26832. | 26866. | 28613. | 27348. | 27384. | | 26531. | 26561. | 28598. 26973. J 28543. | 26947. j 26608. | 26632. | | 28538. 28607. | 27005. | 27034. | 28657. | 26562. j 26585. J 26304. | 26329. | | 28739. 26810. J 26835. | | 28681. 27215. | 27238. | | 28558. | 27101. j 27126. | 28658. | 26625. | 26654. | 28731. i 27646. | 27678. | 28709. 27797. J 28700. J 27767. | 27780. | 28995. ! 27753. ! 27471. | 2897S. 27471. | | 29134. 27853. | 27853. | | 28008. | 28008. | 28922. | 27696. | 27696. | 29071. | | 27716. | 27716. I 28915. 28828. | 27607. | 27607. | 28892. | 27852. i 27852. | 28920. I 27589. | 27589. | 28920. | 27743. | 27743. | | 28378. I 28378. | 28945. NOT SEASONALLY ADJUSTED ___1 TOTAL | NONi MONETARY J | NON| REQUIRED | BASE | RESERVES | BORROWED | BORROWED | RESERVES i 1 I RESERVES | RESERVES 1 PLUS | 1 1 I 1 1 1 I .. 1 EXT. CR. | 86.4 | 27050. | 27050. | 28223. 1 28801. | 28654. | | 86.1 I 27963. | 27963. | 28509. 86.7 | | 30095. | 28802. | 28802. | 29766. 27574. J 27574. | 28701. | 86.2 | 28668. 1 28277. 86.8 | 28732. | 27422. | 27422. | | 26774. | 86.5 | J 26774. | 27888. 28006. J 26014. | 27819. | 26014. J 86.6 1 28006. | 87.0 | | 28233. | 26563. | 27728. 26563. J 25994. | J 86.6 | 27473. | 25994. | 27494. i 26530. f 87.4 | 28215. | 26530. | 27879. 87.1 | 27708. | 26217. | 26217. | 27683. i | 87.6 | 28087. | 25948. | 25948. | 27839. | 87.5 | 27769. J 25758. | 25758. I 27681. | 88.2 | 26913. | 28132. 28668. | 26913. | | 87.6 | 27807. | 26308. | 26308. I 27898. 28634. | | 88.1 | 26786. | 26786. | 28397. | 88.1 1 28077. 28415. J 26769. | 26769. | 88.0 1 I 28491. | 26617. I 26617. | 28260. | 88.0 1 28230. | 26746. 1 26747. | 28311. 88.6 | 27087. | I 27088. | 28902. | 26562. 88.4 J 28247. | | 26559. | 26560. | 28153. | 88.6 I 25774. | 28173. i 25773. | 28028. | 88.9 | 28132. | 26468. | 26469. | 27788. 27574. | 88.5 | 25874. | 1 25875. | 27572 . 89.0 | | 28228. | 26300. | 28084. 26310. | 89.0 | I 28091. | 26242. I 27871. 26252. | 89.9 J 29194. | 26794. J 26826. | | 28562. | 89.3 | 28376. | 26697. I 26731. | 28381. | 27696. | 89.9 | 29418. | 27732. | 28961. 89.5 | | 28755. | 26675. J 26705. | 28742. | 90.0 I 28970. | 26875. | 26901. | 28471. 1 89.7 | 28347. I 26366. | 26342. | 26272. | 90.1 | 28640. | 26724. | 26753. | 28326. | 90.0 J 28327. | 26193. | 26216. | 28288. 28445. | 25887. | | 90.2 | 25912. | 28322. 26367. | | 90.6 J 28703. | 26342. | 28213. 28115. | 26651. | | 90.2 | 26628. i 27971. | 90.4 | 28363. | 26657. | 28214. 26682. | | 28611. | 90.5 [ 26450. | 28527. 26421. | 91.0 | 27628. J | 29148. | 27660. | 28691. | 91.0 1 28831. | 28411. 27478. | 27508. | | 90.8 I 29069. | 27907. 1 27934. | 29149. | 91.4 | 29205. J 27290. | 28798. 27290. | | 91.4 | 29082. j 27627. I 27627. | 28908. 28802. I 27631. | i 91.4 J 27631. | 28545. | 29025. | 27504. | 27504. | 91.6 | 28879. 29355. | 27787. | | 27787. | 28986. 91.8 | | 91.5 J 28766. | 27479. | 27479. | 28700. 91.8 | 29256. | | 27778. | 27778. | 28818. J 91.6 | 28851. | 27548. I 27548. | 28879. | 92. 1 ! 29503. 1 28015. | 28015. I 29192. 92.4 | 29700. | 28661. | 28661. J | 29228. I MONETARY BASE I I i 1 87.7 1 87.6 1 88.4 1 86.4 1 86.0 1 86.0 1 86.3 1 86.4 1 85.2 1 86.8 1 86.5 1 86.8 1 86.2 1 87.6 1 87.6 1 88.4 i 87.9 1 87.7 1 88.5 i 89.0 1 88.2 1 88.1 1 88.8 1 88.6 1 89.1 i 88.5 1 90.4 1 90.2 1 91.0 1 89.8 1 89.8 1 90.1 1 90.3 1 89.8 1 89.3 1 90.3 1 90.0 1 89.9 1 89.6 1 90.4 1 9 (1 .2 1 1 1 1 1 1 1 1 1 1 1 91.0 91.0 90.4 91.2 91.9 92.5 91.6 92.5 92.9 93.7 94.5 TABLE 3 A66BEGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1974 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR BAB HAB APB APB APB APB BAY BAY MAY NAY BAY JON JON JUN JUN JUL JOL JOL JOL JOL AOG AOG AOG AOG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 1. 1 TOTAL 1 BESEBVES i i i 2.. .| 294919 ... | 29699. 16...| 30108. 23...| 29575. 30...| 29862. 6... 1 29600. 13...1 29707. 20... | 29690. 27... | 29582. 6... 1 29359. 13...| 29526. 20...1 29747. 29511. 27. ..J 3.. . | 29853. 10...| 29633. 17...| 30204. 24...| 29851. 1... | 30167. 8__| 29992. 15...| 30234. 22... | 30282. 30313. 29... | 5... I 30340. 12...| 30111. 19...| 30520. 26... 1 30302. 3.. .| 30710. 10.. .| 30625. 17...( 30715. 24...J 30614. 30638. 31__| 7... | 30555. 14...| 30571. 21...J 30761. 28... | 30674. 4...J 30886. 30594. 11...| 18...| 30588. 25...| 30710. 2... 1 31129. 9.. .1 30603. 16...| 31197. 30444. 23.. .1 30...J 30862. 6... J 31034. 13...| 30734. 20...J 30701. 27...| 30874. 4 ... | 31059. 11.. .| 30534. 18... | 31133. 25... | 31065. SEASONALLY ADJUSTED J NON| REQUIRED NON| | BOBBONED l BOBBONED | RESERVES 1 BESEBVES | BESEBVES | | 1 I PLUS 1 EXT. CR. 1 | 28281. | 28281. | 29103. 29613. | 28923. | 28923. | | 29120. J 29121. | 29780. | 28393. | 28397. | 29658. | 28642. I 28650. | 29603. | 29476. 28602. i 28602. | 28554. J 28554. | | 29413. 29576. | 28314. | 28314. J 28331. | 29376. i 28331. | 29241. | 28447. | 28447. | 29410. | 28543. i 28543. I J 28264. | 28264. | 29667. | 27798. | 27798. | 29342. 28350. | 28350. | 29627. 1 29571. 28439. | 1 28439. | J 28388. | 28388. | 29875. 1 27912. | 29712. 27912. | | 28010. | 28010. | 29990. | 28376. | 28392. | 29857. | 28257. | 28621. | 30058. 27192. | 28218. | J 30153. | 26707. 1 27866. i 30134. | 27286. | 28503. | 30115. 29980. | 27382. | 28621. | | 27297. | 28463. | 30273. | 27514. i 28749. | 30203. 30341. | 27275. | 28577. J J 27985. | 29352. | 30347. I 27540. | 28973. | 30731. I 26973. | 28436. | 30499. | 26948. 1 28459. | 30454. | 27466. 1 28979. | 30327. | 27530. | 29039. | 30458. | 27324. J 30552. 28872. 1 | 27141. | 28701. 1 30528. | 26980. | 28556. I 30565. | 27510. | 29094. J 30485. J 27667. | 29244. | 30506. | 27179. | 28783. | 30636. | 27911. 1 29751. | 30673. | 28358. | 29684. | 30658. | 29453. | 29549. I 30870. | 29122. | 29219. | 30603. | 29224. | 29316. | 30619. 30711. | 29909. J 30000. J | 29637. | 29722. | 30590. j 29334. | 29508. | 30674. | 30564. 29395. | 29644. | 30776. | 29989. J 30219. | | 29886. j 30003. I 30693. 30916. | 30315. J 30457. J i 30403. J 30542. | 30636. .1 | MONETARY | | BASE | i i I 1 r | | J | | | | i | | | i | [ I | | | | j | I | | | | | | | 1 | 1 | f | J | | | | 1 J | i i J | | i | | 9275 92.9 93.5 93. 1 93.6 93.4 93.7 93.8 93.8 93.8 94. 1 94.3 94.2 94.7 94.7 95.4 95.1 95.6 95.5 95.9 96.0 96.2 96.3 96.1 96.5 96.3 96.9 96.9 97.0 97.0 97.2 97.3 97.5 97.8 97.8 98.2 98.0 98.0 98.3 99.0 98.6 99.4 98.7 99.4 99.6 99.4 99.5 99.7 100.1 99.8 100.4 100.4 i | | | | | | | J | | | | | | | | | | | | | | | | | | | { | | | J J | | | J | | J J | | | J | | | | | | NOT SEASONALLY ADJUSTED TOTAL J NONJ REQUIRED NONJ RESERVES | BORBONED | BORROWED | RESERVES 1 BESEBVES | RESERVES | PLUS | 1 I EXT. CR. | 289737” f 28973. | 29795. 301837"f 30703. | 29927. | 29927. | 30617. 31635. 31963. | 30975. | 30976. | 29740. | 29744. | 31005. 30922. J 29299. | 30252. 30511. | 29291. | 28893. I 29767. 29891. | 28893. | 28608. | 29467. 29761. J 28608. | 28419. | 29681. 29795. | 28419. | 28044. | 29089. 28044. | 29295. | 28926. 29044. | 28132. | 28132. | 29023. 28156. | 29139. | 28156. | 29472. 28069. | 29552. | 28069. | 27426. | 28970. 27426. | 29139. | 29742. | 28239. | 28239. | 29516. 29233. 28101. | 28101. | 29295. | 28595. | 30082. 30411. | 28595. | 29984. 28184. | 28184. | 30123. | 28605. | 28605. | 30585. 30762. | 28640. | 30105. 28624. 1 30240. | 30451. | 28474. | 28838. | 30275. 28304. | 30239. 30368. | 27278. | 26454. 1 27613. | 29881. 30060. | 28114. | 29726. 29951. | 26897. | 27941. | 29300. 29431. J 26702. J 27050. | 28216. f 30026. 30273. | 29939. 27250. | 28485. | 30038. | 28624. | 30388. 30757. | 27322. | 27723. | 29090. | 30085. 30363. | 29446. | 31204. 31188. | 28013. i 30887. | 27246. | 28709. | 30772. 28451. | 30446. 30630. | 26940. | 30288. | 28712. i 30060. 27199*. J 28710. | 30129. 30242. | 27201. | 30470. | 27033. | 28581. | 30261. 28292. { 30119. 30265. | 26732. J 28085. | 30094* 30415. | 26509. | 28399. | 29790. 29899. J 26815. | 27218. | 28795. | 30057. 30139. 1 28564. | 30417. 30491. | 26960. J 27940. | 29780. | 30702. 31158. | 29397. J 30371. 30316. J 28071. I 29462. 4 29558. | 30879. 31206. | 29014. J 29111. | 30495. 30336. J 29198. | 30501. 30744. | 29106. | 29755. | 29846. | 30557. 30880. i 29405. | 29490. I 30358. 30502. | 29651. | 30817. 30844. | 29477. | 29620. | 30540. 30850. | 29371. | 31051. | 29981. | 30211. | 30768. 29916. | 30606. 30447. | 29799. | 31550. | 30732. | 30874. | 31333. 31104. | 31198. 30965. | 31627. | | MONETARY BASE | I I I93.9 | | 94.6 95.3 | | 93.8 92.8 | | 92.9 | 93.2 93.2 | 92.1 | | 92.9 93.4 4 | 93.7 | 92.9 94.0 | 94.7 | 95.7 | 94.8 | | 95.2 96.0 | 4 96.2 95.9 I 95.6 | | 95.9 96. 1 4 96.6 J 95.9 | 97.4 | 97.9 | | 98.3 97.5 | | 96.9 97.6 | 97.8 | 97.7 I 97.0 J | 97.8 97.7 4 | 97.6 J 97.4 98.1 | 98.7 | 99.5 | 98.3 | 98.3 | 99.6 | 100.0 | | 100.2 100.1 J 101.0 | 4 101.2 | 102.3 | 102.8 TABLE 3 AGGBEGATE BESEBVES OF DEPOSIIOBY INSTITUTIONS ADJUSTED FOB CHANGES IN BESEBVE BEQUIBEHENTS 1975 JAN JAN JAN JAN JAN FEB FEB FEB FEB BAB BAB BAB BAB APB APB APB APB APB BAY BAY BAY BAY JUN JON JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC SEASONALLY ADJUSTED L TOTAL | NONJ NON| BEQUIBED 1 < BESEBVES J BORROWED l BOBBONED l BESEBVES I 1 BESEBVES | BESEBVES 1 | 1 I I PLUS 1 J J EXT. CB. 1 31595. J 1...1 31034. | 31176. | 31018. 8... J 31109. | 30798. | 30908.. | 30972. 15...i 31120. | 30511. | 30695. | 31162. 22... | 31287. | 30693. 1 30891. I 31101. 29... | 31074. J 30932. | 31003. | 30900. 31148. | 31050. J 31111. J 30753. 5 ... | 12...| 30910. J 30820. | 30876. | 30 851. 30978. J 30749. | 30800. J 30820. 19.-.1 26...| 30859. | 30679. | 30727. | 30700. 5... | 31201. J 31131. i 31176. i 30792. 12... | 31082. | 31022. | 31062. | 30852. 19...| 30664. | 30697. 1 30735. | 30844. 26...| 31173. | 31018. | 31049. | 31029. 31264. 1 2...| 31213. J 31247. | 30985. 9... | 31078. | 31048. I 31066. | 30960. 31379. | 31357. | 31362. j 16...J 31160. 23...I 30880. | 30715. | 30721. | 30810. 30__ J 30928. | 30687. | 30695. | 30739. 7... 1 30963. J 30929. | 30931. J 30652. 14.. .| 30555. J 30538. | 30540. J 30556. 21... | 31006. J 30885. | 30889. | 30935. 28... | 30941. J 30857. | 30861. | 30777. 4... | 31234. | 31150. | 31159. | 30900. 30755. J 30717. | 30727. | 30791. 11...J 18... 1 31406. | 31329. 1 31343. J 31072. 25...| 31067. | 30879. | 30901. | 30976. 2... | 31476. | 30605. | 30629. I 31080. 9... | 31021. | 30799. | 30818. | 30888. 16... | 31023. J 30821. | 30841. | 30950. 23... | 30984. | 30602. | 30620. | 30781. 30906. | 30857. 30... | 31138. | 30885. | 6... | 30988. J 30808. J 30820. J 30789. 13...J 30727. | 30548. | 30556. | 30711. 20...| 31101. J 30897. | 30910. J 30890. 27...| 31111. | 30839. | 30853. | 30815. 3... | 31167. J 30945. | 30961. | 30866. 10... | 30963. | 30578. | 30594. | 30969. 31167. | 30840. | 30855. J 30900. 17... | 24... | 31042. | 30647. | 30659. | 31009. 1... | 31534. J 30953. | 30965. | 31072. 8... | 30827. | 30588. i 30600. | 30851. 15.. .| 31170. | 30997. | 31012. | 30857. 30878. i 30645. | 30666. | 30849. 22... i 31068. | 30973. | 30973. | 30782. 29..-1 5... | 31643. 1 31576. | 31578. | 30779. 30630. 12...J 30642. J 30603. | 30605. | 19... | 31140. | 31082. | 31084. | 30955. 31251. J 31177. | 31189. | 31039. ••j 3...| 31417. i 31350. | 31360. I 31088. 10,..J 31189. | 31159. | 31166. J 31023. 31027. | 30982. | 30996. J 30780. 17__J 31051. | 30832. | 30845. | 30840. 24... j 31... i 31263. J 31010. | 31024. | 30849. NOT SEASONALLY ADJUSTED _ J TOTAL | | BEQUIBED NON | BGNETABY | I NONBASE | BESEBVES | BOBBONED I BOBBONED | BESEBVES i 1 BESEBVES i BESEBVES | 1 I PLUS | 1 I I i i J 1 | EXT. CB. 1 101.0 J 32307. | 31746. i | 31888. | 31730,. 100.6 | | 31950. | 31639. 1 31749. | 31813. 32800. 100.9 | 32758. | | 32149. 1 32333. | 32641. | 101.1 | 32827. | 32233. I 32431. I 101.0 | | 31816. | 31713. 31887. | 31745. 1 31326. 101.2 | 31721. | 31623. 1 31684. 1 i | 101.1 | 30833. | 30743. 1 30799. | 30774. 30834. | 30854. 101.2 J 30783. 1 31012. | | 101.2 | 30524. | 30344. 1 30392. | 30365. J 101.7 J 30774. | 30390. 30729. 1 30799. 1 1 101.8 ( 30500. | 30440. 1 30480. J 30270. | 101.7 J 30360. I 30398. | 30507. | 30527. | 30819. I 30664. 1 30695. | 30675. | 102.1 i 102.2 | 31068. | 30806. 31085. | 31034. 1 1 30684. | 30654. 1 30672. | 30566. | 102.1 | 102.4 J 31290. | 31268. 1 31273. | 31071. | 102.0 i 31109. I 31198. | 31268. | 31103. 1 31312. 102.2 J 31501. | 31260. i 31268. | | 31240. i 31274. | 102.3 | 31242. | 30963. | 30571. 30570. | 30553. . 30555. J 102.1 | | 102.7 | 30770. | 30649. 1 30653. | 30699. | i 30224. 102.9 J 30388. | 30304. « 30308. | | 30362. 103.4 | | 30696. i 30612. 1 30621. | 29877. 1 29887. | 29951. 29915. J | 103.1 | 103.9 | 31133. | 31056. 1 31070. | 30799. | 103.8 I 30899. | 30711. 1 30733. I 30808. | 30804. 1 30828. | 31279. 104.3 | 31675. | | 30835. | 30613. 1 30632. | 30702. | 103.9 | 30870. 1 30890. | 30999. 104.0 J 1 31072. J 104.0 | 31149. | 30767. 1 30785. | 30946. I 104.3 | 31245. | 30992. 1 31013. | 30964. I 30612. 104.3 | | 30811. | 30631. 1 30643. | 104.1 | | 30423. J 30244. 1 30252. | 30407. 104.6 J 1 30892. J 30688. 1 30701. | 30681. 104.6 | 30728. | 30456. 1 30470. J 30432. | 30490. | 104.8 | 30792. | 30570. 1 30585. | 104.7 | 30373. | 29988. 1 30004. | 30379. | 104.8 l 30800. | 30473. 1 30488. | 30533,. | 30836. 3C474. 1 30486. | 104.8 | 30869. | I 105.4 J 31687. I 31105. 1 31117. | 31225. | 30515. | 30276. 1 30288. | 105.0 l 30539. | 30646. 30786. J J 105.4 | 30959. i 30801. { | 105.3 | 30838. | 30605. 1 30626. | 30809. 30964. | 30869. i J 105.6 | 30869. | 30678. 106.3 1 31622. | 31555. 1 31557. | 30758. | 30389. | 30350. 1 30352. | 30377. J 105.4 | 31347. | 31289. 1 31291. | 31162. | 106.0 | 31245. 1 31319. | 106.2 J 31257. | 31107. | 31461. | 31394. 1 31404. | 106.6 | 31132. | 31042. | 31012. 1 106.5 | 31018. | 30876. | 31732. | 31687. J | 106.4 | 31701. | 31485. 3121T. 31421. | 31202. 1 31215. | 106.5 | | 32178. J 31925. I 31764. 106.8 | 31939. | | l MONETARY BASE | I 1 | 1 | 1 | | | J | i | J | | | | | | | | | j | | | | J | | | | J | i J | | | | | | J | | | | | | | | | | | 102.5 102.2 102.5 102.0 100.3 100.7 100.5 100.6 99.4 100.5 101. 1 100.9 100.9 101.4 102.0 102.3 101.8 101.5 102.5 102.2 102.3 102.0 102.7 103.0 104.0 103.4 104.5 105.3 104.9 104.5 104.0 104.6 104.6 104.7 103.9 104.4 104.6 104.5 104. 1 104.6 104.9 105.5 104.9 104.5 106.2 106. 1 107.0 106.8 107.5 108.0 108.6 108.8 108.9 TABLE 3 AGGREGATE RESERVES OF DEPOSITOR! INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS 1976 JAN JAN JAN JAN FEB FEB FEB FEB NAB NAB NAB NAB HAH APR APR APR APR NAY NAY NAY NAY JON JON JON JON JON JOL JOL JU1 JOL AOG AOG AOG AOG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC I. I TOTAL I RESERVES l I l_ 7 ... 1 31014. 14...1 31200. 21.. .1 31113. 28...| 31008. 4... 1 31365. 11... J 30754. 18...| 31397. 25... | 30868. 3... | 31404. 10...J 30990. 17...| 31099. 24... | 30904. 31300. 31...1 7... | 30916. 14... | 3093 6. 30957. 21...| 28... | 30871. 5...J 31499. 12...| 30717. 19...J 31177. 26... | 31166. 2... | 31375. 9.. .i 30912. 16...| 31501. 23...1 30671. 30... | 31511. 7... | 31449. 14...| 30957. 21... | 31151. 31034. 28...| 4...| 31552. 30942. 11...| 31361. 18...| 25...i 31130. 1... | 31284. 8.. .1 31229. 31259. 15...J 22... | 30818. 29... | 31315. 6... | 31308. 13... | 31167. 20.. .J 31325. 27... | 31293. 3... J 31653. 10... | 31242. 17... | 31936. 24... | 3124C. 1... I 31786. 31252. 8...| 31977. 15...| 31554. 22...1 29...J 31885. SEASONALLY ADJUSTED J NON| NON| REQUIRED 1 BORROWED | BORROWED | RESERVES 1 RESERVES J RESERVES | | 1 1 PLUS EXT.. CR. | 1 | 30947. | 30966. | 30715. j 31014. 31155. 1 31170. J | 30960. | 30967. | 30879. J 30950. J 30956. | 30843. | 31310. | 31318. | 30948. J 30703. | 30711. | 30704. | 31341. | 31355. | 30897. 30720. | 30728. | 30985. | 31320. | 31327. | 30994. | i 30942. | 30947. J 30887. 31059. 1 31062. | 3089B. J | 30826. | 30828. | 30793. | 31264. | 31264. 1 30902. | 30892. | 30892. | 30793. | 30875. | 30875. | 30763. i 30918. | 30918. | 30827. | 30813. | 30813. I 30759. | 31469. J 31469. 1 31058. | 30662. | 30662. | 30750. | 31055. | 31055. | 30932. 31030. | 31030. | | 31088. | 31133. | 31133. | 30922. | 30819. | 30819. | 30982. 30930. | 31452. | 31452. \ 30506. | | 30506. | 30851. | 31345. | 31345. | 31046. | 31323. | 31323. | 30887. | 30781. | 30781. | 30928. J 31092. | 31092. | 30923. | 30875. ]. 30875. | 31002. 31116. | 31395. | 31395. | J 30820. | 30820. J 30978. 31024. | 31276. | 31276. | | 31062. | 31062. | 31012. 31191. | 31191. 1 30994. 1 30956. | 31184. | 31184. I 31000. | 31198. J 31198. J 30776. | 30774. | 30774. | 31116. | 31228. | 31228. | 30974. 31207. | 31207. | J I 31120. | 31120. | 30955. 31226. | 31277. | 31277. | I 31173. | 31173. | 31182. 31192. 31451. | 31451. | | 31220. | 31192. | 31192. J 31502. | 31882.v | 31882. | 31120. | 31196. | 31196. J 31402. | 31699. | 31699. J | 31226. | 31226. | 31127. 31908. | 31908. | 31510. | | 31517. | 31517. | 31483. | 31803. | 31803. | 31537. J MONETARY | BASE 1 1 l_ I To67 7“ | 107.0 | 107.1 | 107.2 | 107.7 | 107.2 | 108.0 | 107.7 | 108.4 | 108.2 { 108.4 108.4 J | 109.0 | 109.0 | 109.2 | 109.3 | 109.4 i 110.1 | 109.4 J 110.0 | 110.2 | 110.5 | 110.2 | 110.9 110.1 i J 111.1 | 111.2 | 110.8 | 111.1 I 111.1 J 111.7 | 111.2 | 111.7 J 111.5 | 111.9 | 112.1 | 112.3 | 111.9 J 112.6 | 112.6 | 112.6 | 112.8 | 112.9 | 113.4 | 113.1 | 113.9 | 113.3 | 114.0 | 113.6 | 114.4 i 114.1 I 114.5 NOT SEASONALLY ADJUSTED 1 J TOTAL J NON| NON| REQUIRED | RESERVES | BORROWED I BORROWED | RESERVES 1 1 RESERVES i RESERVES | PLUS ! 1 1 I I EXT. CR. | 1 3?991. | 31924. | 31943. | 31692. 1 32524. | 32539. | 32383. 32569. | | 32968. | 32815. 1 32822. | 32734. 31816. | 31822. J | 31874. J 31709. r 31902. | 31847. I 31855. | 31485. 30641. i | 30590. | 30598. | 30591. J 31412. J 31356. | 31370. | 30912. | 30545. | 30397. | 30405. | 30662. i 31006. | 30922. | 30929. | 30596. | 30311. | 30263. | 30268. | 30208. | 30641. | 30601. | 30604. | 30440. J 30491. J 30413. | 30415. | 30380. | 31120. | 31084. | 31084. | 30722. | 30480. | 30456. | 30456. | 30357. | 30639. | 30578. | 30578. J 30466. | 31301. 1 31262. | 31262. | 31171. | 31253. | 31195. | 31195. | 31141. | 32164. | 32134. | 32134. | 31723. | 30632. | 30577. J 30577. | 30665. | 31047. | 30925. | 30925. | 30802. J 30539. | 30403. | 30403. | 30461. 1 30771. | 30529. | 30529. | 30318. | 30067. J 29974. | 29974. J 30137. 30899. J 30850. | | 30850. | 30328. | 30493. | 30328. I 30328. | 30673. 1 31682. | 31516. | 31516. | 31217. 31430. | 31304. | 31304.. | 30868. 1 J 30817. | 30641. | 30641. J 30788. J 31309. | 31250. | 31250. | 31081. | 30957. | 31084. 31116. | 30957. i 31594. | 31437. 1 31437. | | 31158. 30371. | 30371. J 30493. | 30529. | | 31240. | 30988. 31325. | 31240. | 30754. | 30686. | 30686. | J 30636. 30896. | | 30989. | 30896. | 30699. | 30519. | 30474. | 30474. | 30246. J 30769. | 30708. J 30708. | 30510. | 30438. 1 30394. | 30394. | 30396. 31484. | 31397. | 31397. | 31285. | 31350. | 31249. | 31249. J | 31016. | 30728. | 30681. | 30681. | 30516. J 31574. | 31526. J 31526. | 31475. | 31092. | 30972. | 30972. | 30981. | 31487. | 31228. 31689. J 31487. | | 30945. | 30895. | 30895. | 30923. | 32145. | 32091. | 32091. | 31711. 1 31298. | 31254. | 31254. | 31178. l 32006. | 31919. | 31919. | 31622. J 31210. | 31184. | 31184. | 31085. | 32315. | 32246. | 32246. | 31848. | 31999. | 31962. | 31962. | 31928. | 32652. | 32570. | 32570. | 32304. | MONETARY | BASE 1 1 1 108.4 | 108.5 | 1 108.3 J 106.6 107.0 | J 106.7 107.4 | 105.8 | | 106.8 | 107.5 1 107.6 I 107.2 107.5 | | 108.3 ] 109.0 | 109.6 | 108.7 | 110.5 | 109.7 | 109.9 | 109.0 | 109.9 | 110.2 110.7 1 | 109.9 | 110.7 112.4 | | 111.7 | 111.7 | 110.9 J 111.9 | 111.8 | 112.3 111.0 | | 110.9 | 112.1 | 111.8 | 111.1 | 111.5 | 112.9 | 112.6 J 112.9 | 111.8 J 113.0 | 113.8 I 114.8 [ 114.1 | 114.8 | 115.2 | 116.4 | 116.3 | 116.9 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1977 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY HAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC SEASONALLY ADJUSTED 1. NON| NON| REQUIRED 1 TOTAL | 1 RESERVES | BORROWED J BORROWED | RESERVES 1 RESERVES | RESERVES | i I 1 1 I PLUS J i 1 EXT. CR. 1 31590. 5.. .1 32103. | 32072. | 32072. | 32011. j 12...| 32031. | 32011. i 31627. 31869. 19...| 31758. | 31649. | 31649. | 31952. 26...J 32376. | 32287. | 32287. J 31859. 2... | 31989. | 31903. | 31903. | 9.. .J 31958. J 31883. I 31883. | 31702. 31832. | 31703. | 31703. | 31668. 16.. 31766. J 31766. J 31573. 23...| 31802. i 2... | 31968. | 31938. | 31938. | 31818. 9... | 31751. J 31731. | 31731. | 31478. 16...| 319b2. | 31938. | 31938. | 31794. 31781. 23... | 31858. J 31520. J 31520. t 30... | 32333. | 32275. I 32275. | 31979. 31872. 6... | 32128. J 32063. J 32063. J 13... | 31962. | 31924. I 31924. i 31688. 32030. | 32030. | 32025. 20...J 32059. J 32100. 27...| 32264. | 32165. i 32165. 1 32134. 4. ..| 32436. | 32221. | 32221. | 32087. | 31931. | 31931. | 32041. 1 1 ...i 32175. 18...J 32393. J 32266. | 32266. | 25...| 32020. | 31709. | 31709. | 31885. 1... | 32452. J 32222. | 32222. I 32043. 31960. 8.. . | 31993. i 31767. | 31767. | 15...| 32194. | 31971. | 31971. | 31948. 32143. 22... | 32216. | 31945. | 31945. J 32236. 29...| 32386. | 32052. | 32052. | 6... 1 32777. | 32512. | 32512. | 32283. 32135. 13...| 32399. J 32239. J 32239. | 20... i 32573. I 32167. | 32167. | 32361. 32410. 27.. .| 32484. J 32189. | 32189. | 32782. 3... | 33206. | 32608. | 32608. | 32730. | 32145. | 32145. | 32627. 10...J 32587. 17...| 32789. | 31991. | 31991. J 24... | 32518. J 30853. | 30853. I 32490. 32570. 31... | 32941. | 31548. | 31548. | 7... | 32712. | 32076. | 32076. | 32481. 14... | 32926. i 32589. | 32589. | 32605. 21... | 32629. 1 31891. | 31891. | 32632. 32610. 28...i 32842. J 32124. | 32124. i 5... I 33258. | 32375. | 32375. | 32857. 12...| 32694. | 31643. | 31643. | 32525. 33022. 19...| 33106. I 31245. | 31245. | 32782. 26... | 32984. | 31540. | 31540. J 32904. 33169. | 32056. | 32056. i 2.. .| 9... | 33024. | 32137. | 32137. | 32869. 32834. 16.. .J 33251. | 32717. | 32717. | 32867. 23... | 32856. | 31975. | 31975. | 30... | 33040. | 31967. | 31967. | 32602. 32794. 7... i 32809. | 32226. | 32226. J 14...| 33251. | 32742. | 32742. | 32938. 32616. | 32998. 21... i 33143. J 32616. J 28...| 33290. | 32604. | 32604. | 33045. _____ l MONETARY | BASE I I | J | | | J | | | J | | | 1 | | | J | J I | | | | | | i J | | | | | | | J | | I | J J | | | | 1 | | J | 114.8 115.0 114.9 115.7 115.4 115.5 115.5 115.6 116.0 115.9 116.3 116.4 117.0 117.0 117.1 117.2 117.5 117.8 117.6 118.0 117.7 118.3 118.1 118.4 118.6 119.0 119.5 119.4 119.6 119.7 120.6 120.3 120.4 120.2 120.9 120.9 121.2 121.1 121.4 122.1 121.6 122.2 122.2 122.6 122.7 123.1 122.8 123.1 123.1 123.7 123.8 124.0 NOT SEASONALLY ADJUSTED I J 1 TOTAL | NONNON| REQUIRED 1 RESERVES | BORROWED | BORROWED | RESERVES J J RESERVES | RESERVES J | 1 I 1 PLUS EXT. CR. 1 1 | 333047"|' 33304. | 32822. 333357“ J 33144. | 33124. | 33124. J 32740. 34134. | | 34025. | 34025. | 34245. J 33527. | 33438. | 33438. J 33103. | 32631. | 32545. | 32545. | 32501. 31887. | 31706. J 31962. I 31887. J | 31799. J 31799. | 31764. 31928. 1 31304. | 31533. | 31497. | 31497. | | 31452. | 31422. | 31422. 1 31302. | 30992. | 30972. 1 30972. i 30719. 31384. | 31240. | 31408. | 31384. I | 31294. | 30956. i 30956. | 31217. | 32122. | 32064. I 32064. | 31768. | 31568. | 31633. | 31568. | 31377. 31352. | 31314. | 31314. | | 31078. | 32470. | 32470. i 32465. 32499. | | 32594. | 32495. | 32495. | 32430. 33197. J | 32982. | 32895. 32982. | | 32060. | 31904. | 31904. | 32014. i 32322. J 32195. | 32195. | 32104. | 31318. | 31007. | 31007. I 31183. | 31786. | 31556. I 31556. | 31377. | 31101. | 30875. 1 31068. 30875. J | 31464. | 31241. | 31241. | 31218. | 32028. | 31757. J 31757. J 31955. | 32394. | 32060. | 32060. | 32244. 32684. | 32684. | 32455. | 32949. | | 31970. | 31810. J 31810. J 31706. | 32850. | 32444. | 32444. | 32638. | 32537. | 32242. | 32242. J 32463. | 33252. | 32654. | 32654. | 3 2 8 2 8 . | 32232. | 31647. | 31647. \ 32129. | 32728. | 31930. | 31930. | 32526. l 32124. | 30459. | 30459. | 32096. | 32665. | 31272. | 31272. J 32294. 32123. | 31487. | 31487. | 31892. | J 32372. | 32035. I 32035. | 32051. 32237. | 31499. | 31499. J | 32240. | 32924. | 32206. J 32206. | 32692. 33526. | 32643. i 32643. | 33125. | | 32108. | 31057. | 31057. | 31939. 31771. | 31771. | 33548. 1 33632. 1 32781. J 31337. | 31337. | 32579. | J 32140. J 32140. | 32988. 33253. J 31919. | 32651. | 32806. | 31919. | 33477. | 32943. | 32943. | 33060. | 32235. | 32235. | 33127. 33116. | J 33195. | 32122. | 32122. | 32757. | 32346. 1 32914. 32929. | 32346. | | | 33507. | 32998. | 32998. | 33194. 33784. | 33257. | 33257. | 33639. | | 34011. | 33325. | 33325. | 33766. | MONETARY | BASE 1 1 1 117.0 1 J 116.7 | 116.9 | 115.5 114.4 | 115.1 | | 114.8 J 114.3 | 113.8 114.9 | | 115.3 | 114.9 115.4 | 116.7 | 116.8 | | 117.2 1 116.7 | 117.9 | 117.9 | 117.9 116.4 | | 117.5 | 117.7 | 118.0 J 118.3 | 118.3 | 121.3 | 120.0 120.4 | | 119.6 | 120.8 | 121.0 | 121.0 | 119.9 | 119.8 | 121.2 J 120.9 | 120.3 120.4 | J 122.0 | 121.8 | 122.8 | 121.4 | 122.0 J 123.5 | 124.2 | 123.8 I 123.8 | 124.8 | 125.6 1 126.3 | 127.1 TABLE 3 AGGREGATE RESERVES OF DEPOSITOR! INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS SEASO NALLT J 1978 JAM JAM JAM JAM FEB FEB FEB FEB BAB BAR BAB BAB B A fi APB APB APB APR BAT BAT BAT BAT BAT JU M JU N JU M JU M JU L JU L JU L JU L AUG AUG AUG AUG AUG SEP srip SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC I T O T A L | MOMI R E S E R V E S | BORROW ED 1 RESERVES 1 i 1 1 4... | 33663. | 33158. 11... 1 33563. | 33121. 18...| 34179. I 33761. 25... | 33961. J 33369. 1...I 8... J 15...1 22... | 1... | 8«..| 15... | 22..• | 29... | 5...| 12... | 19...| 26...| 3... J 10... | 17...J 24... | 31... | 7... | 14...| 21... 1 28... | 5...J 12__J 19...| 26... j 2... | 9 ... 1 16...| 23...| 30...| 6... | 13...| 20... 1 27... | 4.. .| 11...1 18...| 25... | 1... | 8... | 15...| 22... | 29... | 6... | 13...| 20... 1 27... | DEC 33946. 34300. 34185. 34070. 33800. 33757. 33848. 33954. 34078. 34282. 33803. 34383. 33859. 34378. 34301. 34387. 34462. 34803. 34520. 34967. 34973. 34792. 35720. 34596. 35798. 34917. 35158. 34842. 35141. 34738. 35071. 35140. 34956. 35016. 35346. 35455. 35672. 35161. 35261. 35143. 35114. 3502'6. 35090. 35173. 35261. 34881. 35098. 34668. | J | | | J | J | | | | | | | | | | | | | | J | | J | J | | | | | | j | | | J | | | | | | | J | 33477. 33807. 33904. 33624. 33410. 33361. 33600. 33674. 33692. 33978. 33632. 34145. 33050. 32714. 32613. 33521. 33761. 33404. 33875. 34174. 33779. 33076. 34527. 33693. 34209. 33455. 33720. 33964. 34178. 33132. 34048. 33975. 34446. 34093. 33786. 34169. 34433. 33911. 33 947. 33838. 34416. 34393. 34486. 34382. 34563. 34290. 34531. 33255. 1 AD JU STED | MOM- | R E Q U IR E D | BO NETART | | BORROW ED | RESERVES | BASE | | RESERVES | 1 1 | | | | 1 | 1 | | | | 1 | | | | | | | | | J | | | | | | | J | J I | 1 | | 1 | | | 1 | | J | [ | | | | | PLUS EXT. C f i. 33158. 33121. 33761. 33369. 33477. 33807. 33904. 33624. 33410. 33361. 33600. 33674. 33692. 33978. 33632. 34145. 33050. 32714. 32613. 33521. 33761. 33404. 33875. 34174. 33779. 33076. 34527. 33693. 34209. 33455. 33720. 33964. 34178. 33132. 34048. 33975. 34446. 34093. 33786. 34169. 34433. 33911. 33947. 33838. 34416. 34393. 34486. 34382. 34563. 34290. 34531. 33255. | 1 1 | | J | | | | | | | 1 | | 1 | | | | | J | | | J | | | | j | | | | | | | | | | | | | | | | i | 1 | | | 1 1 1 33376. | 33258. | 33918. | 33646. 33788. 33930. 34007. 33778. 33680. 33493. 33717. 33806. 33843. 33975. 33815. 34078. 33916. 34063. 34118. 34381. 34215. 34404. 34471. 34854. 34747. 34624. 35001. 34823. 35426. 34954. 34805. 34827. 34818. 34747. 34802. 34835. 34843. 34841. 35123. 35332. 35322. 35280. 34942. 35030. 34773. 34781. 34940.. 35020. 34934. 34729. 34861. 34723. | | J | | J | | | | | | | | | | | | J | | J | | | | | J | | | | | | | J | I | | | | | | | | | | | 124.6 124.6 125.5 125.4 125.6 126.2 126.3 126.4 126.2 126.4 126.7 126.9 127.1 127.6 127.2 127.8 127.5 128.3 128.5 128.7 128.9 129.5 129.4 130.0 130.1 130.1 131.1 130.0 131.3 130.5 131.0 130.9 131.4 131.2 131.8 132.1 132.1 132.3 132.8 133.2 133.6 133.3 133.5 133.7 133.9 133.9 134.1 134.4 134.7 134.4 134.7 134.5 1 1 * | | | J J | | | | | | | J | | | | | | | | | | | | | | | | | | J | | | | | | | [ | J | i | i | 1 | | | J NOT SE&SO N ALLX AD JU STED | R E Q U IR E D | M O N E T A R Y | MOM- J MOM- | BORROW ED | BORROW ED | I RESERVES I 1. 35090. | 34584. 34424. | 33982. | RESERVES | I J i PLUS I EX T. CR. 1 | 34584. | | 33982. | 36542. | 36542. | 34667. | 34667. 1 1 1 | | | | TOTAL RESERVES 36960. 35259. 34625. 34483. 34270. 33849. 33320. 32860. 33155. 33414. 33572. 33755. 33032. 34848. 34089. 35046. 34316. 34510. 33592. 34037. 33415. 34236. 34803. 34571. 36111. 33887. 36510. 35052. 35113. 34220. 34925. 34365. 34857. 34652. 34246. 34461. 35419. 35841. 35094. 35833. 35177. 35515. 35035. 35053. 35400. 35373. 35469. 35055. 35815. 35307. | J | | | | | 1 | i | | J | | | | | | | J | | J | | | | | I | | | | | | J | J | | | | | | | | | | | 34156. 33990. 33989. 33403. 32929. 32464. 32907. 33134. 33186. 33451. 32861. 34610. 33280. 33382. 32628. 33644. 32891. 32638. 32770. 33443. 33609. 32855. 34918. 32984. 34921. 33590. 33675. 33342. 33962. 32759. 33834. 33487. 33736. 33538. 33859. 34555. 33855. 34583. 33863. 34210. 34337. 34420. 34796. 34581. 34771. 34464. 35248. 33894. | | i | | | | | | | | | | | | | | | | | i | | i | | | | | | | | 1 1 | J | | | | | | J 1 | | | J 34156. 33990. 33989. 33403. 32929. 32464. 32907. 33134. 33186. 33451. 32861. 34610. 33280. 33382. 32628. 33644. 32891. 32638. 32770. 33443. 33609. 32855. 34918. 32984. 34921. 33590. 33675. 33342. 33962. 32759. 33834. 33487. 33736. 33538. 33859. 34555. 33855. 34583. 33863. 34210. 34337. 34420. 34796. 34581. 34771. 34464. 35248. 33894. | | | | | | | | | | | | | J | | | | | | | | | | | | | | | | | | | | | | | | | J 1 | | 1 | J | J RESERVES 34803. 34119. 36699. 34944. 34467. 34113. 34092. 33557. 33200. 32596. 33024. 33266. 33337. 33448. 33044. 34543. 34146. 34731. 34133. 34504. 33345. 33638. 33366. 34123. 34577. 34403. 35392. 34114. 36138. 35089. 34760. 34205. 34602. 34374. 34588. 34347. 34133. 34286. 35196. 35718. 34744. 35952. 34858. 35402. 34694. 34808. 35250. 35220. 35142. 34903. 35578. 35362. J | | | | | | J | | | | | | | | | | | | | | | | J | | | | | | J | | | | | | | | | | | J | | | | | BASE 127.1 126.3 128.0 125.5 124.4 125.8 125.5 125.1 123.8 124.9 125.3 125.6 125.5 126.5 126.6 128.1 126.7 128.1 128.8 128,. 7 127.4 128.2 128.7 129.6 129.8 129.2 132.5 130.8 132.8 130.7 130.8 131.5 131.8 130.9 130.7 132.5 131.7 131.5 131.8 133.2 133.8 134.1 132.8 133. 1 134.6 134.9 135.4 135.2 136.4 136.5 137.4 138. 1 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1979 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC I. I TOTAL I RESERVES I I 1 3...| 35871. 10... | 34598. 17... | 35679. 24.. .| 35181. 31... f 35544. 7... | 35287. 14...J 34862. 21... | 34971. 28,. ..J 34237. 7... | 35116. 14...| 34800. 21.. .| 34824. 34556. 28...| 4. ..| 34983. 11.. .| 34585. 18...i 34818. 25...| 34631. 2. ..| 34999. 9.. .| 34677. 16...| 34843. 23...| 34465. 30... | 34631. 6... | 34775. 13...J 34479. 20... | 34921. 27... | 34720. 4... | 35501. 11... | 34543. 18...| 35288. 25.. .| 35006. 1.. .| 35254. 8. .. | 35033. 15...J 35197. 22... J 34987. 35394. 29..- | 5... | 35437. 12... | 35071. 35435. 19... | 26...J 35499. 3... | 35945. 36064. 10... | 17.. .| 35918. 24... J 35447. 31.. .| 36245. 7.. .| 35719. 14...| 35589. 36072. 21.. .| 28...| 35840. 5... i 36267. 12...| 36359. 19... i 36140. 26... i 36422. SEASONALLY ADJUSTED 1 NON| NON| REQUIRED 1 BORROWED J BORROWED | RESERVES 1 RESERVES | RESERVES | 1 1 1 PLUS EXT. CR. J | 34688. | 34688. | 35145. | 33912. | 33912. | 34720. | 34783. | 34783. | 35275. | 34258. | 34258. | 35165. | 34116. | 34116. J 35204. 34470. | 35008. | 34470. | J 33808. | 33808. | 34751. | 34033. | 34033. | 34614. 33154. J 34148. | 33154. J | 34089. | 34089. | 34912. | 33918. | 33918. | 34699. 33800. | | 33800. | 34678. J 33474. | 33474. | 34473. | 34116. | 34116. | 34595. 33957. | 33957. | | 34429. | 33869. | 34660. 33869. | | 33640. | 33640. | 34518. | 33782. | 33782. | 34849. | 33189. | 33189. J 34603. 33084. | 33084. | | 34586. | 32762. | 32762. | 34448. 32304. J J 32304. | 34448. | 33435. | 33435. I 34415. J 33180. | 33180. i 34401. 33597. | 33597. | | 34789. 33134. J J 33134. | 34569. 33824. | 33824. | | 34855. I 33602. | 33602. | 34580. 34106. | I 34106. | 34921. 33714. | i 33714. | 35020. 34308. | | 34308. | 34964. 34271. | | 34271. | 34892. 34174. | | 34174. J 34898. 33601. | | 33601. | 34973. j 34277. | 34277. | 35024. 34097. | 34097. J | 35032. 33841. | J 33841. | 34973. 33673. | | 33673. | 35238. 34340. | 34340. | | 35473. 34831. | | 34831. J 35578. 35127. | | 35127. | 35523. 34390. J 35934. I 34390. | 32487. | | 32487. | 35283. 33194. | J 33194. | 35886. i 33791. | 33791. i 35310. 33728. | 33728. | | 35292. 34208. J | 34208. | 35967. 33845. | 33845. J 35674. | 34448. | | 34449. | 36019. 35070. | 35070. | | 35993. 34454. | 34454. | | 35988. 35197. | 35197. | | 36056. NOT SEASONALLY ADJUSTED NON1 REQUIRED | MONETARY j TOTAL J NON| | BASE | RESERVES | BORROWED | BORROWED ] RESERVES 1 RESERVES | RESERVES | 1 I PLUS | I 1 I 1 i 1 1 1 EXT. CR. 1 ~ _ 36652. 36195. | 36195. | 37378. | | 135.9 | 35602. | 34916. | 34916. | 35724. | 134.8 | 37821. | 38313. 136.1 | 38717. | 37821. | | 35937. | 36844. 36860. | 35937. J 135.8 l | 35087. | 35087. | 36175. 36515. | | 136.3 1 35144. 34606. I 34606. | 35423. J 136.3 | | 33569. | 34512. 135.9 J 34623. | 33569. | J 34867. | 33929. J 33929. | 34510. | 136.2 i 32555. | 33549. 33638. | 32555. J 135.6 | | 34154. 33331. | 33331. | 34358. | 136.9 | | 33906. I 33024. | 33024. | 33805. 136.7 | | 34284. 34430. | 33406. | 33406. | 136.8 | | 33838. 32839. | 136.7 | 32839. | 33921. | I 34030. 33551. | 33551. | 137.5 | 34418. J | 32780. | 32780. | 33252. 33408. | 137.2 | | 35257. | 34308. | 137.4 | 34308. | 35099. J 33840. | 34718. 33840. | 137.5 | 34831. | | 34644. | 34644. J 35711. 138.1 | 35861. | | 33195. | 34683. | 33195. J 34609. 137.9 I | 34459. 32957. J 32957. | 34716. | J 138.2 | 33730. 32044. | 32044. | 33747. | 137.9 1 | 31568. | 138.4 J 33895. | 31568. 1 33712. J 32464. | 32464. 1 33444. | 33804. | 138.7 | 32167. | 32167. | 33388. | 33466. | 138.6 1 34824. | 33500. | 33500. | 34692. | 139.2 | 32825. | 34411. | 32825. | 34260. i 139.1 | 35740. | 34063. J 34063. I 35094. | 140.2 | 33684. | 139.4 | 32743. | 32743. 1 33721. | 35744. J 34562. | 34562. | 35377. | 140.3 J 35415. 35401. | | 34109. | 34109. | 140.2 | J 140.7 J 35338. J 34392. | 34392. | 3504 8. 34297. 33676. | 33676. | 34438. | | 140.8 | 33837. | 141.3 J 34860. | | 33837. J 34561. 34760. | 33374. | 33374. J 34746. 141.2 | | 34097. J 35214. | 34844. J 141.9 J 34097. | 34637. 35042. | 33702. | | 142.2 | 33702. \ 34256. | 33026. | 33026. j 142.1 | 34158. | 33194. | 34956. | 33194. | 142.6 | 34759. | 35568. | 34409. J 34409. | 35542. | 142.9 | 36117. | 35003. 1 143.5 1 35750. | 35003. \ 35254. | 34317. | 143.8 | 34317. 1 34713. | 36510. | J 143.7 | 34982. J 34982. | 36526. 143.4 | 35623. | | 32663. i 35459. 32663. | 36894. | 33843. | 144.3 | | 33843. J 36535. 35896. | 33968. | 35487. | 143.9 l 33968. | 35648. | 143.8 | 33787. | 35351. i 33787. | 144.4 J 36571. | 34707. | | 34707. J 36466. 35880. | | 33885. | 35714. 144.3 | 33885. | 144.4 | 36662. | 36414. 34843. | | 34844. | 36472. | 35183. | | 144.9 | 36106. 35183. | 36881. | 144.9 | 35195. | 36729. | 35195. | 37120. | 145.4 | | 35895. | 35896. | 36754. | MONETARY | BASE 1 1 1 1387“ J | 136.9 139.0 | 136.3 | 135.2 | 135.6 | | 134.8 135.0 | | 133. 1 135.5 | 134.9 | 135.4 | 134.4 | 136.0 | 136.3 I 138. 1 | 136.5 i | 137.5 138.1 | 137.9 | | 136.6 137.0 | 138.1 | 138.0 | 139.0 1 138.2 j 141.1 | 140.1 1 141.7 | | 140.8 140.5 | 141.4 | 141.7 | 141.3 | | 140.8 142.6 I 141.8 | 141.9 | 141.8 | 143.0 | 144.0 | 144.6 | | 143. 1 143.8 | | 144. 8 145.1 | 146.0 | | 144.9 | 146.2 | 147.2 | 147.8 J 149.3 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1980 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APE APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC TOTAL 1 1 RESERVES i I 1 2... | 36739. 9.. • I 36521. 16...J 36651. 23.. .i 36306. 30...| 36554. 6...| 36771. 13.. .1 3609020... 1 37033. 27... | 36504. 36956. 5... J 12...| 36544. 19... | 36988. 26... | 36550. 2... | 36996. 9... | 36754. 16.. .i 36766. 23...| 36907. 30...| 36684. 7... | 36682. 14.. .| 36112. 21... I 36744. 28...| 36372. 4... j 36917. 11... I 36429. 18...1 36769. 25...| 36691. 36944. 2.. .J 9... 1 36990. 16... | 36830. 36276. 23. ..J 30... | 37015. 6.. .1 37311. 13...| 36740. 20...J 37376. 27...| 37186. 3... | 37753. 10.. .| 37516. 17... | 37729. 24. ..| 37914. 1.. .| 38186. 8...| 38133. 15...| 37859. 22... | 37930. 37682. 29.. .] 38354. 5... | 12... J 38275. 19... | 39370. 26... 1 39145. 3... | 39405. 10...| 38876. 17.. .| 38821. 24... | 39148. 39008. 31...| SEASONALLY ADJUSTED NON| REQUIRED | MONETARY 1 NON| | BORROWED | BORROWED | RESERVES | BASE I RESERVES 1 RESERVES | 1 | 1 i PLUS I 1 1 EXT. CR. | | 35308. 1 ” 353087 J 367877” |" 14675”' 36393. | | 35791. | 35791. | 146.0 | 35424. | 35424. J 146.4 36268. J 146.4 | 35105. | 35106. | 36182* I | 34735. | 34736. i 36311. | 146.7 | 36013. | 36013. | 36259. | 147.3 l 34851. | 34852. i 36142. i 146.6 36491. 1 I 34841. | 34841. J t47.8 J 34444. | 34445. | 36711. | 147.4 36425. | 34450. | | 34450. | 148.2 i 36466. | 33106. | 33106. | 147.9 | 33988. | 33988. | 36808. { 148.6 36569. I 148. 1 | 33891. I 34084. | 34734. 1 35075. | 36709. | 148.7 j | 34370. I 34807. | 36596. | 148.5 36559. i 148.3 | 34490. | 34962. i 34354. J 34965. J 36670. | | 148.9 36524. | | 34021. | 34769. | 149.1 36354. | | 35351. | 36118. I 149.2 36077- | | 35092. J 35906. i 148.8 | 35906. | 36646. | 36465. | 149.7 35248. | 36064. J 36391. | J 149.8 | 36458. | 36811. | 36532. | 150.4 | 36028. | 36397. | 36290. | 149.9 36373. { 36624. | | 150.5 36649. [ J 36373. | 36647. J 36531. | 150.7 J 36596. J 36870. J 36653. J 151.1 | 36775. J 36973. i 36483. J 151.3 | 36498. J 36709. | 36563. | 151.3 | 35922. 1 36231. | 36265. | 151.0 J 36386. | 36672. | 36706. | 152.2 36741. | 36701. | 152.7 | 36483. [ | 36350. | 36623. I 36646. | 152.4 37031. | 37292. | | 37052. 1 153.1 36687. | | 36486. I 37061. | 153. 1 | 36405. | 36603. | 37279. | 154.0 36922. | 36979. | 1 37338. | 153.9 36516. | 36516. | 37394. | 154.3 | 36284. | 36530. | 37835. J | 154.6 J 36313. | 36313. | 37836. J 155. 1 37781. | | 36885. | 36885. | 155.4 37624. | 155.4 | 36752. | 36752. | 37852. | | 36727. | 36727. | 155.6 37646. { | 36242. | 36242. | 155.6 J 36476. | 36476. | 37787. | 156.6 37871. | 1 36208. J 36208. i 156.5 | 37391. | 37391. | 38787. | 157.8 J 36930. | 36930. | 38836. | 157.7 38472. | | 37263. | 37263. J 158. 1 38573. | | 37090. | 37091. I 157.8 38387. | | 37316. 1 37320. i 157.9 38523. | | 37499. i 37503. | 158.2 37386. | 38493. | | 37381. | 158.3 NOT SEASONALLY ADJUSTED TOTAL | NON| NONI REQUIRED RESERVES | BORROWED | BORROWED | RESERVES I RESERVES | RESERVES | PLUS | I l EXT. CR. i 379177” j" 36486. | 36486. J 37365. 37878. | 37148. | 37750. 37148. | 39488. | 38261. | 38261. j 39105. 38329. | 37126. | 37126. I 38203. 37701. | 35882. 1 35882. | 37458. 36999. | 36241. | 36241. | 36487. 35664. 35612. | 34373. | 34373. | 37078.. | 34886. | 34886. | 36536. 35889. | 33829. | 33829. | 36096. 36057. | 33551. | 33551. J 35526. 35471. | 32033. | 32033. | 35393. 36448. | 33448. | 33448. | 36268. 35844. | 33185. | 33378. | 35863. 36572. J 34310. J 34651. | 36285. 35506. | 33122. | 33559. | 35348. 34224. | 34696. 1 36293. 36500. | 37372. | 34819. | 35430. | 37135. 37368. i 34705. 1 35453. | 37208. 35694. | 36461. | 36697. 37025. | 35610. | 34796. | 35816. | 35781. 36390. | 35552. | 36292. | 36111. 34409. | 35225. I 35552. 35533. | 36156- | 35697. J 36050. j 35771. 34966. | 34565. | 34934. | 34827. 36439. | 36043. | 36319. | 36294. 36276. | 35958. | 36232. | 36116. 37089. | 36741. | 37015. J 36798. 36161. | 35946. | 36144. | 35659. 36925. | 36593. | 36804. | 36658. 36449. | 36803. J 36758. | 36792. 37292. | 36663. | 36949. | 36983. 36864. J 36036. | 36294. | 36254. 35902. | 35512. | 35785. | 35808. 37391. | 37046. | 37306. | 37067. 36863. | 36163. | 36364. | 36738. 37483. | 36135. | 36333. | 37009. 36633. | 36039. i 36096. | 36455. 37135. | 35922. | 35922. | 36800. 36375. | 38005. | 37926. 36621. | 38241. 38590. | 36717. | 36717. | 36241. | 37489. | 36241. J 37137. 36416. i 37523. | 36416. | 37288. 38497. | 37294. | 37294. | 38419. 36817. J 36817. | 38257. | 38221. 37003. | 37003. | 38314. 38881. | 36291. | 37954. 38358. | 36291. { 39673. | 3 7694. | 37694. | 39090. 37153. | 39059. 39368. | 37153. | 39871. [ 37729. J 37729. | 38938. 38604. | 36818. | 36819. | 38301. 38551. | 38555. | 39622. 40056. | 38250. J 38254. | 39274. 39899. | 39664. 40179. J 38552. | 38557. | | MONETARY | BASE J I J | J | | | | | | J | | 1 J | J | | I | | | | | 1 | | | | I | J | | | | | | j J | | | | | | i | | | | j | 148.4 148.8 149.2 147.3 145.6 146.5 145.3 146.8 144.6 146.0 146.4 147.2 145.9 147.1 147.9 148.0 148.4 147.9 149.5 148.3 148. 7 148.1 149.1 149.2 150.4 149.7 151.1 152.7 152.6 152.0 151.8 153.5 152.6 153.6 152.3 154.0 153.9 153.8 154.0 154.3 155.3 155.6 156.0 155.0 157.1 158.3 159.3 158.8 160. 1 160.0 161.3 162.1 161.5 TABLE 3 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS 1981 JAM JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC SEASONALLY ADJUSTED L 1 NON| REQUIRED I TOTAL J NONI RESERVES | BORROWED i BORROWED | RESERVES ! RESERVES | RESERVES | I l 1 1 1 PLUS _EXT. CR. ]_ 7... | 38731• | 37614. j 37620. | 38369. 14...i 38813. i 37481. | 37493. J 38563. 38214. | 39015. 21... | 39403. i 37984. J 28...| 39223. | 37430. | 37478. | 38755. 4... J 39396. | 38195. | 38232. | 38955. 11... | 39041. J 37928. | 37949. | 38639. 38088. | 18.. . | 39215. | 38070. J 38697. 38774. | 37061. | 37078. I 38795. 25...1 39537. | 38238. | 4.. .1 38258. | 38953. 38185. | 38795. 11... | 38935. | 38167. | 38971. 38451. | 18.- .1 39206. J 38432. | 38235. j 39044. 25.. .| 39114. | 38226. | 1.. .1 39569. | 38105. | 38113. | 39029. 38044. | 38859. 8. .. | 38922. | 38035. | 38195. | 39016. 39329. | 38187. | 15.. 22...| 39557. J 38693. | 38700. | 39480. 37447. J 39578. 29...i 39718. | 37440. | 37595. | 39679. 6... I 40060. | 37589. | 39284. 37686. | 13... I 39415. J 37681. | 37564. I 39381. 39534. I 37559. | 20...| 39664. J 36741. J 36747. | 39299. 27--1 39161. 3... | 39449. | 37495. | 37502. i 39354. I 37147. | 37154. | 39132. 10...J 37703. | 39271. 17... | 39590. | 37695. J 37440. | 39324. 24__| 39738. J 37433. | 38176. | 39475. 39907. | 38172. | 1__| 8.. . | 39743. | 37877. 1 37879. | 39325. 38147. J 39286. 15... | 39439. | 38144. | 38280. | 39608. 40007. 1 38277. | 22--| 29...| 39743. | 37765. | 37769. | 39352. 38441. | 39259. 5... | 39555. | 38437. | 38176. | 39243. 12...| 39444. | 38173. | 38600. I 39665. 19...I 39998. | 38541. | 38575. | 39842. 26... | 40146. | 38420. | 38586. | 39502. 2.. .| 39843. | 38395. | 40037. 1 38452. I 38688. j 39594. 9.. .| 39196. J 39856. 40258. | 38909. I 16...| 39206. | 40057. 23... | 40327. | 38881. J 40197. 39698. | 40759. 1 39311. I 30...| 39960. 40171. | 39025. | 39438. j 7.. .) 39310. | 39641. 39997. J 38887. J 14.. .| 21... | 40396. I 39141. | 39585. | 40109. 39768. 28... 1 39984. i 38797. | 39261. | 39153. | 39563. 4... | 39938. | 38701. | 38737. J 39116. 39635. J 38626. | 11...J 18...| 40233. | 39672. | 39798. | 40079. 40209. | 40115. 40423. 1 40086. | 25...| 40223. | 40348. | 40148. 40540. | 2... 1 40181. | 39563. | 39688. I 39894. 9... 1 40207. I 40268. 40470. | 40072. J 16...1 40254. | 40333. 4071*. | 40093. | 23...J 39788. | 39961. | 40328. 40671. i 30... | NOT SEASONALLY ADJUSTED NON| NON| REQUIRED | MONETARY | TOTAL l | BASE | RESERVES | BORROWED | BORROWED | RESERVES I I RESERVES | RESERVES | 1 | I 1 PLUS I 1 1 1 I 1 EXT. CR. i 158.1 i 40003. | 38886. | 38892. | 39641. | 40778. J 39446. | 39458. | 40528. 158.2 J | 40450. | 40680. | 41481. | 158.8 I 41869. | | 158.6 | 40375. 1 38582. | 38630. | 39907. | 159.0 1 38652. 1 39816. | 38615. | 39375. 38534. | 37421. 1 37442. I 38132. 158.8 | | 159.5 | 39255. | 38110. | 38128. | 38737. | 36636. | 38353. 158.9 | | 38332. | 36619. | 37694. | 37674. | 159.6 | 38973. | 38389. | 37960. | 37192. | 37210. | 37820. | 158.8 | 159.4 i | 38697. | 37923. | 37942. | 38462. | 159.5 | 37621. | 37630. | 38439. 38509. { 160.4 | 39205. i 37741. | 37749. J 38665. | 160.0 | 37905. | 37018. I 37027. | 37842. I J 160.6 | 38950. J 37808. | 37816. J 38637. 39855. | 38991. | 38998. | | 39778. 160.8 | 161.4 | 37941. | 37948. | 40079. | 40219. I 161.5 J 40492. | 38021. I 38027. | 40111. I 37341. | 37346. | 38944. | 161.0 | 39075. | 161.4 l 39237. | 37262. | 37267. J 39084. | 162.0 i 38913. | 35990. | 35996. | 38548. | | 161.2 | 38773. | 36819. | 36826. i 38485. 38094. J 35887. | 35894. | 37872. 161.2 | | 39141. | 37254. | 38822. | 161.7 | 37246. | 37021. | 38905. | 162.0 i 39319. | 37014. | 38171. | 39469. 38167. J I 162.3 | 39902. | 39087. J 37221. | 37223. | | 38669. 162.2 | 39279. | 37984. | 37987. | 39126. | 162.2 | 38591. | 39919. 162.9 | 40318. | 38588. J 1 39923. 1 37945. | 37949. | 39532. J 162.8 1 39294. | 38176. | 38180. | 38998. 162.5 | | 162.5 | | 38682. I 37411. ,| 37414. | 38481. 39624. 39957. | 38500. | 38559. | | 163.2 | 38354. | | 163.3 | 39925. | 38199. | 39621. 39487. | 163.2 I 38039. | 38230. | 39146. | 37970. | 38876. 39319. | 37734. | | 163.5 \ 163.8 1 39761. | 38412. J 38699. | 39359. 1 163.7 J 40242. j 38796. | 39121. | 39972. | 41195. | 39747. | | 40134. | 40633. 164.2 J | 39828. | 38682. | 39095. | 39617. 163.6 | 39561. J 38451. J 39205. j 163.7 J 38874. | 40975. | 39720. | 40164. I 40688. | 164.2 | 40411. | 40195. 39224. | 39688. | | 163.8 | 40073. 40448. | 39211. | 39663. | | 163.9 1 39668. | 38659. | 38770. | 39149. | 163.6 | 164.4 J 40423. | | 39862. | 39988. | 40269. 40405. | 40068. | 40191. | 40097. | 164.7 i 40935. J | 164.9 | 40743. | 40543. 40618. J | 164.9 | 40122. | 39504. | 39629. | 39835. 41591. | 41193. | 41328. | 41389. | 165.5 { 41514. J 40893. | 41054. | 41133. | 166.1 | 41783. | 40900. | 41073. | 41440. 166.6 | | J MONETARY BASE | I I l_ | 160.9 160.4 | 160.4 | | 157.5 157.6 J 157.5 J | 158.6 | 156.0 157.4 | 157.5 | 158.1 I 157.4 { i 158.3 159.0 | 160.2 J 160.6 | 159.7 | | 161.7 | 160.8 | 160.5 | 160.3 160.1 1 161.0 | 161.6 | 161.2 I | 161.8 164. 1 | 163.4 J 163.8 | 162.4 | | 163. 1 163.4 | | 164.0 | 162.7 | 162.1 | 164.2 | 163.5 | 162.9 J 163.0 ..| | 163.6 | 164.0 J 164.4 | 163.0 | 164.2 | 165.3 165.8 | 165.7 | | 166.6 167.4 | J 168.8 | 169.9 | 170.2 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1959 JAN JAN JAN JAN FEB FEB FEB FEB MAH MAH MAH MAH APH APH APH APH APH MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC I TOTAL | non ” I RESERVES | BORROWED I I RESERVES I I 1 I 7... | 18505. 19131. | 14... | 18901. | 18188. 21...| 18769. | 18331. 28...| 18817. | 18328. 4... I 18334. 18749. | 18207. 11...I 18742. J 17997. 18... | 18562. | 25...| 18389. | 17933. 4...I 18375. | 17846. 18421. | 17718. 11...I 17914. 18...| 18439. | 25...J 18558. | 17958. 17711. 18323. 1 1... | 8...| 18711. | 18039. 15...| 18698. I 17995. 22...| 18817. | 18068. 29...J 18551. J 17895. 6... | 18571. | 17896. 13...I 18550. | 17841. 20...| 18829. | 17976. 27...J 18393. | 17735. 3... | 18324. | 17475. 10...| 18314. | 17335. 17...| 18537. | 17561. 24...| 18627. | 17751. 1...I 18386. | 17465. 8. .. i 18452. | 17425. 15...J 18640. J 17638. 22. . . | 18976. | 18064. 29...| 18702. J 17812. 5...| 18696. | 17662. 12...| 18622. | 17549. 17564. 19...| 1850 9. | 26... 1 18586. | 17646. 2... | 18566. | 17601. 9... J 18640. | 17583. 17594. 16... | 18653. | 17960. 23...| 18819. | 18394. | 17673. 30...| 17630. 7.. .J 18636. | 14.. .| 18501. | 17453. 18679. | 17860. 21... | 28...| 18568. | 17778. 4... j 18711. | 17885. 11...| 18724. J 17816. 18... | 18647. | 17791. 25.. . I 18563. | 17741. 2...I 18451. | 17581. 17886. 9...1 18797. | 16... | 18872. 1 17916. 18294. 23... | 19274. J 18069. 30... J 18997. | J' NONJ BORROWED | RESERVES PLUS 1 EXT. CR. 18505. | 18188. J 18331. 1 18328. | 18334. | 18207. | 17997. | 17933. | | 17846. 17718. | 17914. 1 17958. | | 17711. | 18039. | 17995. 18068. | | 17895. | 17896. | 17841. 17976. | | 17735. 17475. I 17335. I 1 17561. | 17751. | 17465. 1 17425. | 17638. | 18064. | 17812. | 17662. 1754C• | 17564. | | 17646. | 17601. 17583. J | 17594. | 17960. | 17673. | 17630. | 17453. 17860. 1 17778. | 17885. I 17816. | 17791. | 17741. J 17581. | 17886. | { 17916. | 18294. | 18069. |’required j“MONETARY BASE | RESERVES | | I | l 1 4879 | 755887“ r 18340. J 48.3 | 48.0 18234. | | 18424. 1 47.8 | 47.8 | 1834f>. J J 47.9 18189. 1 | 18120. | 47.7 47.4 J 17979. | 47.4 | 17957. | 47.7 | 17868. | i 18051. 1 47.7 18100. | | 47.7 | 17855. | 47.4 | 48.0 18302. | | 18254. | 48.0 | 18307. | 48.0 | 18183. | 47.6 | 18213. | 47.9 | 18096. | 48.0 | 18227. J 48.2 | 47.7 18063. | | 18021. | 47.8 | 48.1 17886. | t 18081. | 48.2 | 18170. | 48.2 | 18069. | 48.0 | 18017. | 48.6 | 18229. | 48.6 | 18488. | 48.9 | 48.4 18353. | | 48.5 18296. | | 18080. 1 48.6 | 48.4 18078. | | 48.3 18149. 1 | 18165. | 48.3 I 18082. | 48.7 | 18170. | 48.6 j 48.6 18297. | | 18174. | 47.9 | 18153. | 48.5 | 48.4 18012. I | 48.5 18173. | | 48.2 18266. J | 48.4 18311. | | 48.7 18202. | | 18190. | 48.6 | 18130. | 48.5 | 48.6 18085. | | 18282. | 49.1 [ 18429. i 49.1 | 49.7 18635. | | 49.5 18533. | TABLE 4 AG6BEGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS NOT SEASONALLY ADJUSTED 1960 JAN JAN JAN JAN FEB FEB FEB FEB MAE BAB BAB BAB BAH APR APR APR APR BAY BAY BAY BAY JUN JUN JON JUN JUN JUL JUL JUI JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC NONJ TOTAL J I RESERVES | BORROWED 1 RESERVES 1 1 1 6... | 19T527T 78139. 18107. 13.. 19018. | 20...| 18048. 18962. | 18478. J 17705. 27...| 3... | 18537. | 17729. 17417. 18267. J 10...| 18251. | 17278. 17...| 18061. 1 17441. 24...| 2...| 18105. | 17312. 9.. .| 17343. 17938. | 17383. 16...| 18109. | 17602. 23...| 18189. | 30... | T7893• | 17291. 6.. .| 17867. | 17163. 13...| 17869. | 17198. 20...| 18281. | 17720. 27...| 18392. | 17868. 4... j 18243. | 17691. it... i 17757. 18306. J 18... | 17680. 18235. | 25...| 17766. 18168. | 1... | 18121. I 17685. 18153. | 8. ..| 17753. 15...| 18156. | 17782. 22...| 18602. | 18052. 29... J 18342. | 17930. 6... | 18320. | 17880. 13...| 18008. 18349. J 20...| 18761. | 18332. 27...) 18552. | 18201. 3... | 18591. | 18276. 10...| 18525. | 18232. 18564. | 17...| 18148. 24...| 18404. | 18211. 18466. | 31... I 18193. 7...| 18358. J 18097. 14... | 18581. | 18282. 18635. | 18556. 21...1 18384. 28... | 18609. | 5... | 18559. 18759. | 18640. | 12...| 18492. 19... | 18839. 1 18765. 26... | 18729. | 18489. 2... | 18684. 18873. | 9... | 18797. | 18661. 16...1 18733. | 18565. 23...| 18761. 1 18662. 30...| 19678. | 19565. 7... | 18916. | 18856. 1 4 ...i 18932. | 18862. 19460. J 21.. .1 19386. 28...| 19447. | 19398. NON| REQUIRED | BONETARY I J BASE | BORROWED | RESERVES | l | RESERVES | 1 I PLUS | 1 I 1 EXT. CR. 1 1 I 18620. | 49.3 I 18139. | | 18471. | 48.9 I 18107. | i 48.5 I 18368. 1 18048. | 1 18074. | 47.8 I 17705. | J 18056. | 17729. | 47.9 I | 47.7 I 17417. | 17838. | | 47.7 I 17743. | J 17278. | 17441. | 47.4 i 17637. | | 17664. J 47.4 I 17312. | | 47.5 I 17576. | 17343. | | 17598. | 47.6 I 17383. | 1 47.7 l 17738. | 17602. | | 17534. | 47.2 l 17291. | | 17430. | 47.4 I 17163. | | 17401. J 47.6 I 17198. | | 17917. | 47.9 I | 17720. | 17911. | 47.7 I | 17868. | 17691. | 47.6 I 17919. | J | 17808. | 47.9 I 17757. | 17778. J 47.8 1 | 17680. | 47.6 1 I 17766. | 17715. | 17683. | 47.7 1 i 17685. | | 17753. | 17691. | 47.9 J 17731. | 47.9 1 | 17782. I 18045. | | 18052. | 48.3 1 J 17856. | 17930. J 47.9 1 17880. | I 48.3 1 17883. | | 17775. J 48.4 1 18008. | 18245. | 48.6 1 | 18332. | i 18201. | 18078. | 48.3 1 | 18276. | 18103. J 48.3 1 | 18232. | 18018. 1 48.5 1 I 17983. 1 48.5 1 18148. | 18211. | | 17938. | 48.2 1 17827. | | 48. 1 1 18193. | | 18097. | 17702. | 48.4 1 1 18282. | 17762. | 48.5 1 | 18116. | 48.5 1 18556. | | 18384. | 18091. | 48.2 1 18148. | J 48.5 1 18559. { 48.7 1 | 18492. | 17951. | J 18765. | 17963. J 48.8 1 18200. 1 48.5 1 | 18489. | I 18309. | 48.6 1 18684. J 18661. J 18191. | | 48.8 i 18565. | 18121. | 48.9 1 | 18154. J J 18662. i 48.9 1 18481. | | 19565. | 49.8 1 18216. i 1 18856. J 49.2 1 18222. J 49.3 J | 18862. | 18706. | 49.9 J 19386. | J 18753. | 50.0 1 19398. | | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1961 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC NON| REQUIRED l MONETARY I ] I TOTAL | NONBASE J RESERVES | BORROWED | BORROWED i RESERVES | I I 1 1 RESERVES | RESERVES | I PLUS | 1 J 1 I 1 EXT. CR. | __ 1 I 1 4 ...| T9 9 4 |" TS7687*V 18930. | 50.1 I 19768. | 11__1 19175. | 19175. | 18654. J 49.3 I 19226. J 19257. | 19257. J 18500. | 49.0 I 18...i 19292. 1 25...| 19467. | 19420. | 19420. | 48.9 I 18463. J 18897. | 18897. | 18415. | 48.2 I 1... I 18963. | 18380. i 48.4 I 8... | 18948. | 18769. | 18769. | 18844. | 15...i 18651. | 48.3 I 18651. | 18202. | Zmit a••I 19045. | 18938. | 18938. | 48.4 I 18320. | 19014. | 18964. | 18964. t 18335. | 48.2 I 1...I 8. .. i 18671. | 18577. | 18577. { 18244. | 48.2 I 15...| 18827. | 18778. | 18778. I 18192. | 48.3 I 18903. J 18903. | 18451. | 48.5 J 22...| 18955. | 18715. | 18715. | 18193. J 29...| 18793. | 48.1 I 5... | 18702. J 18595. | 18595. | 18167. | 48.3 l 12...| 18782. | 18730. J 18201. J 48.4 I 18730. J 19... | 19026. | 18982. | 18345. | 18982. | 48.5 I 18981. | 26...J 19018. I 18981. | 18287. I 48.3 I 18341. | 3... 1 18808. | 18747. | 18747. | 48.2 I 18754. | 10...| 18690. | 18690. | 18276. J 48.4 I 17...| 18909. | 18736. | 18736. | 18307. | 48.5 I 24...| 18917. | 18851. | 18851. 1 48.5 I 18352. 1 18780. | 18780. J 18^57. | 48.3 I 31... 1 18872. J 7... 1 18804. | 18742. | 18742. | 18233. i 48.6 I 14... | 18844. | 18773. | 18773. | 18215. | 48.7 I 21... | 19296. J 19254. | 18750. i 49. 1 i 19254. | 28...| 19120. J 19039. | 19039. | 18493. | 48.7 I 5... | 19086. 1 19038. | 19038. | 18539. | 49. 1 I 12...1 19103. | 19056. | 19056. I 18446. 1 49.4 I 19...I 19075. | 19020. ] 19020. J 18386. I 49. 1 I 26...J 19007. | 18957. J 18957. | 18357. | 48.9 I 2... I 19286. J 19211. J 19211. | 18809. | 49. 1 I 9... | 19208. J 19085. | 19085. | 49.4 I 18651. | 16... 1 19197. | 19135. | 19135. | 18593. | 49.3 I 23...| 19202. ] 19165. | 19165. J 18605. J 49.3 I 30...| 19160. i 19123. | 19123. | 18566. | 49.0 I 6... | 19114. | 19057. | 19057. | 18573. \ 49.3 \ 13.. .j 19198. 1 19171. J 19171. | 18609. | 49.5 I 20... | 19473. | 19429. | 19429. | 49.7 I 18906. | 27...1 19519. | 19492. J 19492. | 49.5 J 18862. | 4.. .J 19605. J 19571. | 19571. | 49.7 l 19121. | 11... | 19426. J 19397. J 19397. J 18933. | 49.8 I 18...| 19804. | 19659. | 19659. J 19230. | 50.2 I 25... | 19825. | 19769. | 19769. ( 19277. i 50.0 l 1... 1 19751. | 19677. | 19677. | 19208. | 49.9 l 8 ... | 19671. | 19580. J 19580. | 19198. | 50.2 I 15...| 19741. | 19619. J 19619. | 19153. | 50.3 I 22... | 19894. | 19804. | 19804. | 19297. | 50.6 l 29...| 19942. | 19841. | 19841. | 50.6 I 19221. | 19764. | 6 ...1 19729. | 19729. J 50.6 I 19219. | 13— | 19742. | 19702. | 19702. | 19176. | 50.8 I 2 0... | 20234. | 20125. J 20125. | 19656. | 51.3 I 51.7 I 27...| 20348. 1 20132. i 20132. | 19788. I TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1962 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APF. APE APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC NON| REQUIRED TOTAL J NONi I I RESERVES 1 BORROWED | BORROWED | RESERVES I 1 RESERVES J RESERVES | PLUS | 1 1 1 EXT. CR. | 1 1 3...| 20802. | 20 4617“ j' “20461.“ |' 20076. 10...1 20252. | 20228. | 20228. | 19682. 17... 1 19987. | 20056. | 19987. | 19452. 24...| 19972. | 19271. 19928. | 19928. | 31... 1 19758. | 19698. | 19698. 1 19227. 7...| 19698. | 19241. 19626. | 19626. i 14. ..| 19520. | 19450. | 19450. | 19022. 19580. | 19047. 21... | 19508. | 19508. | 28...( 18965. 19485. | 19429. { 19429. | 19394. | 7... | 19484. | 19394. | 19038. 14...| 18870. 19295. | 19348., | 19295. | 19181. 19665. | 19532. | 19532. | 21... 1 19189. 28... 1 15648. | 19562. | 19562. | 19146. 4 ... 1 19663. | 19588. | 19588. | 19060. 19444. | 19444. | T95C4. | 11...1 19194. 19686. | 19611. | 18. .•| 19611. | 19328. 25...J 19878. J 19793. J 19793. J 19410. 2... | 19868. | 19805. | 19805. | 9.. .| 19852. | 19806. | 19806. J 19393. 16...| 19815. | 19751. | 19328. 19751. | 19784. | 23...J 19831. | 19784. I 19299. 30...| 19809. | 19202. 19723. | 19723. | 6...| 19801. I 19746. | 19746. | 19289. 13...| 19638. | 19591. | 19591. | 19245. 20...J 20038. | 19914. J 19914. | 19568. 27...| 20062. | 19894. J 19894. | 19569. 4. .. J 20240. | 20120. | 19697. 20120. | 11... | 20141. | 19595. 20086. I 20086. | 20094. j 18...| 19931. I 19931. | 19532. 25...| 20002. | 19427. 19943. | 19943. | 19404. 19838. | 19768. | 19768. | 1...1 19815. | 8... I 19659. 1 19325. 19659. | 15...| 19813. | 19216. 19683. | 19683. J 22...| 20010. | 19854. | 19854. | 19468. 19914. | 29...| 19841. | 19841. | 19379. 19839. J 5...J 19745. | 19745. | 19418. 12...| 19952. I 19875. | 19875. | 19427. 20159. |. 20134. | 20134. | 19...J 19643. 26...I 20191. I 19687. 20050. | 20050. | 3...| 20174. | 20111. | 20111. | 19728. 19854. 10... | 20333. | 20289. I 20289. | 17...| 20306. | 20235. | 20235. | 19821. 24...| 19853. 20358. J 20302. | 20302. J 19807. | 31...| 19728. | 19728. | 19353. 7... | 19559. | 19401. | 19401. I 19010. 14...| 19417. | 18846. 19273. | 19273. I 19685. | 19592. | 21... | 19078. 19592. | 28...t 19630. | 19535. 1 19080. 19535. | 5...| 19529. | 19437. J 19437. J 19149. 12.. 19527. i 19420. | 19420. | 19081. 19... | 19438. 19953. | 19790. J 19790. | 26... | 20325. | 19764. 20018. J 20018. | J MONETARY I l BASE I 1 J 1 I I | 51.7 I | 51. 1 I | 50.6 J | 50.2 I | 49.7 I 1 49.9 I 1 49.8 i | 49.8 I J 49.6 I | 49.9 I | 49.8 I | 50.1 I J 49.9 I | 50.1 I | 50.3 I | 50.4 l | 50.4 J | 50.2 I | 50.6 I | 50.5 I | 5C.5 I 1 50.3 I | 50.7 I I 50.6 l J 51.0 I | 50.8 I | 51.3 I | 51.6 I 51.4 I J | 51.1 l | 50.8 I | 51.1 I 1 51.1 I i 51.3 I | 50.9 I | 51.1 I | 51.3 \ | 51.3 I | 51.2 I J 51.2 I | 51.8 I | 51.7 I J 51.6 I | 50.9 I | 51.1 I | 51. 1 I | 51.4 I | 51.4 l | 51.4 I | 51.7 I j 52.1 I | 52.7 I TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1963 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR HAR HAR APR APR APR APR HAY HAY HAY HAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC NONI TOTAL | I RESERVES i BORROWED I 1 RESERVES l 1 i 20365. 2...| 21079. I 9...J 20296. | 20233. 16...| 20100. | 20021. 19915. | 19745. 23...| 19611. | 19512. 30... 1 19684. | 6... i 19461. 19624. | 13...J 19459. 19512. i 19355. 20...1 27...| 19477. | 19348. 19517. | 19375. 6...J 13...i 19422. | 19285. 19445. 20...| 19502. | 27...| 19598. J 19357. 19434. 3...1 19608. i 10...| 19371. 1 19284. 19690. | 17...J 19533. 24...| 19729. | 19572. 1.. .1 19644. J 19550. 8... | 19715. | 19605. 15... | 19461. 19660. | 19402. 22... | 19683. | 19599. J 19333. 29... | 5... | 19438. | 19222. 12...| ' 19428. | 19180. 19...| 19796. | 19512. 26...| 20052. | 19818. 3...) 19913. 20242. i 10...| 20093. | 19770. 17...| 20172. | 19772. 19616. 24...| 19928. | 31...| 19648. | 19505. 7... J 19913. | 19515. 14... | 19709. | 19357. 19654. J 19360. ^1...| 19554. | 19280. 28...| 4... 1 19684. I 19359. 19814. | 11...J 19460. 19900. | 19707. 18...| 25...| 20200. | 19812. 19834. 2... J 20177. J 9.. .| 20192. | 19800. 16... 1 19989. | 19680. 23...| 19942. i 19581. 30... | 19755. I 19556. 20166. | 6...J 19762. 13...| 20065. | 19765. 20... | 20250. I 19819. 27...| 20035. | 19835. 4 ... | 20320. | 19813. 19994. | 11__J 19879. 20680. J 18...1 20408. 25... | 21001. | 20684. | NONI REQUIRED | BORROWED | RESERVES 1 RESERVES | | 1 PLUS EXT. CR. I 20045. 20365. | | 20233. | 19858. | 19579. | 20021. | 19745. | 19429. | 19180. | 19512. | 19227. J 19461. | 19121. | 19459. | 19087. 19355. | | 19010. | 19348. | 19121. | 19375. | 19285. 1 18933. | | 19132. 19445. | 19357. J 19135. | | 19434. | 19154. 19284. | 18997. | 19157. | 19533. | | 19572. | 19216. 19244. J 19550. | 19354. 19605. | | 19201. | 19461. | 19230. 19402. | J 19333. | 19122. | 19098. 1 19222. | 19180. | 1 19009. 19298. 19512. | | 1 19818. | 19673. 19913. | 19810. J 19630. J 19770. i I 19772. | 19577. 19616. | | 19457. 19505. ] 19351. | | 19515. | 19431. 19357. | 19236. | J 19360. | 19252. | 19280. | 19146. 19204. I 19359. | 1 19460. | 19313. | 19707. | 19552. 19740. | 19812. | | 19834. | 19825. 19757. | 19800. | | 19680. | 19603. J 19513. 19581. | I 19556. | 19407. | 19762. | 19737. 19634. | 19765. | | 19744. 19819. J | 19835. | 19700. 19734. | 19813. | J 19804. 19879. | 1 20408. I 20188. | 20684. | 20527. | MONETARY | BASE l I I | 5370 1 52.2 | 51.7 | !)i.3 | 50.7 51.0 J 51.1 | | 50.9 J 50.8 | 51.0 51.1 | | 51.2 | 51.1 ] 51.2 | 51.4 | 51.7 51.4 | | 51.2 J 51.7 | 51.7 J 51.7 51.4 | 51.7 | 51.9 | | 52.2 52.3 | | 52.8 | 53.1 52.9 | J 52.6 | 52.1 1 52.7 | 52.6 52.5 | i 52.2 i 52.5 | 52.9 52.8 I | 52.9 | 52.9 J 53.4 J 53.1 | 53.0 | 52.6 53.4 i | 53.7 | 53.8 | 53.6 | 54.3 | 54.2 | 54.8 | 55.3 I 1 1 i .1 1 1 I 1 1 J 1 1 1 1 1 1 1 1 1 1 1 1 1 J I 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 i 1 1 1 1 1 1 I 1 1 1 J 1 1 1 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1964 JAM JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC NON| NONI TOTAL J I RESERVES J BORROWED i BORROWED I 1 RESERVES | RESERVES PLUS 1 I 1 EXT. CR. I 1... | 21457“ f 20899. | 20899. 20805. 21169. 1 20805. | 8.. .1 20544. | 20544. 20905. | 15...1 20463. | 20299. | 20299. 22...1 20023. | 20023. 29...| 20200. | 5...| 20220. | 19978. J 19978. 20178. J 19811. 12...i 19811. J 19880. 19880. | 19...| 20171. | 19836. | 19836. 26... | 20036. i 4... | 20183. | 19821. | 19821. 19978. J 19725. 19725. | 11...1 19855. 19855. | 18... 1 20213. | 20510. | 20231. | 20231. 25...1 20154. | 20154. I...] 20309. | 20350. | 8...J 20142. J 20142. 15...| 20368. | 20178. | 20178. 20323. J 20004. | 22... i 20004. 19966. | 19831. | 29.. .| 19831. 20277. J 6... | 20066. | 20066. 13...J 20305. | 19991. | 19991. 20... 1 20304. 1 20006. | 20006. 27.. .| 20114. | 19906. | 19906. 20194. | 19930. J 3__t 19930. 19897. | 19897. 10... | 20186. J 17... | 20616. | 20289. | 20289. 24... | 20727. | 20495. | 20495. 20624. | 20624. 1... | 20845. | 20542. | 20542. 8... | 20805. | 20534. | 20534. 20994. 1 15...| 20270. ] 20270. 22... | 20429. J 20146. 1 20146. 20325. | 29... | 20290. 5.. .| 20550. | 20290. | 20597. | 20221. 20221. 1 12.. .J 20305. | 20305. 19... | 20583. I 20611. J 20282. i 20282. 26.. .| 20216. | 20216. 2. ..1 20531. | 20201. 20679. | 20201. | 9. ..1 20514. 20514. | 16.. .| 20739. | 20847. 23... | 21256. | 20847. | 30... | 21140. | 20862. | 20862. 7__1 20889. 21259. ( 20889. J 20746. 14... | 20985. | 20746. | 20621. 21... | 21001. | 20621. i 28...| 20769. | 20539. | 20539. 4... | 21210. i 20734. | 20734. 20588. 11... | 21015. | 20588. | 20725. 18... | 21315. J 20725. | 20900. 25.. .| 21059. | 20900. | 21001. 2.. .| 21376. | 21001. J 21020. 9... | 21142. J 21020. | 16...| 21387. | 21253. 21253. | 21584. 23...| 21841. | 21584. J 21487. 30.. .| 21991. | 21487. | | REQUIRED | MONETARY I | RESERVES | BASE I J I 1 | i I 1 I 55.4 I 20663. | i 20701. | 55.1 I | | 54.5 i 20305. | 20174. | 53.9 I I | 19827. | 53.2 I 19854. | 53.4 I J | 19776. J 53.6 I | 53.5 I 19751. | | 19683. | 53.2 I 53.4 I | 19693. | | 53.6 I 19664. i | 53.8 I 19838. | 54.0 I | 20002. | | 20037. | 53.8 I | 54.2 I 19928. | | 20069. I 54.2 I J 54. 1 I 19882. | I 53.5 l 19698. | 54.1 I | 19988. | 54.3 I 19892. I | | 19896. i 54.3 I | 19783. | 54.0 I 54.3 I | 19899. | | 19857. J 54.6 I 20161. I 55.0 I | 55.0 I | 20376. I | 55. 1 I 20443. | 20514. | 55.7 I | | 20422. | 55.8 I J 20151. J 55.1 I | 19957. | 54.8 i | 55.2 I 20209. | 55.6 I | 20123. | 55.4 l J 20192. | 55.3 I { 20140. J 55.2 I J 20133. | | 20182. | 55.9 I | 55.7 J 20372. | 56. 1 I | 20775. | 55.7 I 20752. | | 56.3 I J 20826. J | 56.2 I 20575. | 56.1 J J 20574. | 20465. | 55.7 I | 56.3 I | 20769. | | 20646. J 56.6 I | 20724. 1 56.9 J 20801. | | 56.6 I | 20987. J 57.1 I | 20852. | 57.2 I | 57.4 I 20999. | 1 21444. | 58.0 I | 21429. | 58.2 I TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1965 JAB JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC 1 TOTAL | NON1 RESERVES | BORROWED 1 1 RESERVES 1 1 ____ 21892. 6... J 22201. | 13...1 21843. | 21419. 20... | 21440. | 21163. 27...| 21258. | 21055. 21401. J 21123. 3...I 20840. 10...| 21312. | 17. 21051. | 20698. 24...| 21187. | 20667. 3...I 21142. | 20872. 10...| 21062. | 20677. 17...| 21168. | 20798. 24...| 21512. | 21049. 20877. 31...| 21364. | 7...| 21501. | 20931. 14...J 21289. i 20892. 21...| 21722. 1 21150. 28...| 21403. | 21058. 5...) 21745. < 21267. 12...| 21465. | 20967. 19...1 21445. J 20945. 26...J 21368. | 20885. 2... | 21417. | 20899. 9...| 21367. | 20893. 16...| 21649. | 21038. 23...| 22057. | 21474. 30...j 21893. J 21407. 7...J 21586. 22166. | 14... | 22106. | 21486. 21... | 21663. | 21238. 28...| 21594. | 21115. 4.. .1 21783. | 21239. 11... | 21600. | 20984. 18... 1 21514. | 21023. 25... J 21521. J 20976. 1... | 21574. | 21037. 8... J 21411. | 20928. 15...| 21585. | 21027. 22...| 22114. | 21487. 21358. 29...| 21911. | 21516. 6... J 22052. | 13...| 21705. J 21210. 20...1 22274. I 21683. 27...| 21840. | 21502. 3... J 22111. | 21625. 21570. 10...| 21904. | i7.:.i 21877. | 21388. 21389. 24...| 21750. | 21658. 1... | 22192. | 21856. 8... | 22334. | 21977. 15... 1 22463. J 22804. | 22586. 22... 1 22534. 29...| 23080. J NON1 REQUIRED I MONETARY I J BASE | BORROWED I RESERVES | I 1 RESERVES | 1 I PLUS 1 1 1 I I EXT. CR. i i I 21854. | | 21892. | 58.1 J [ 21252. | 57.5 I 21419. | | 21051. | 21163. | 56.8 J | 21055. J 20917. | 56.3 I | 21017. | 21123. J 56.5 I | 20816. j 20840. | 56.7 I i 20698. J 20729. J 56.3 I | 20667. | 20648. | 56.4 I | 20872. | 20922. | 56.3 I | 20694. | 20677. | 56.6 I 1 20798. 1 20840. J 56.6 I | 21051. | 56.9 I 21049. | | 20877. | 20996. J 56.5 I 20931. J 1 21126. I 57.1 J 21011. | | 20892. | 57.0 I | 21150. | 21248. | 57.3 I J 21058. | 21162. | 56.6 I | 21411. | 21267. | 57.2 I | 20967. | 21116. | 57.2 I | 20945. J 21102. | 57.1 I | 20885. | 21058. | 56.9 I | 20899. | 21086. | 57.2 J | 20893. | 21065. | 57.5 I | 21038. | 21247. 1 57.7 I J 21474. | 21642. | 58.0 I J 21407. | 21555. | 57.7 I | 21586. 1 21820. | 58.7 I | 21486. | 21574. | 58.7 I | 21238. | 21469. | 58.1 I J 21115. J 21272. J 57.8 I J 21239. | 21397. | 58.1 I | 20984. i 21177. I 58.3 I | 21023. | 21185. | 58.2 I i 20976. | 21110. | 58.0 1 | 21037. J 21141. | 57.9 1 t 20928. | 21039. J 58.3 1 | 21027. | 21118. I 58.3 1 | 21487. | 21679. J 58.8 1 1 21358. | 21554. J 58.5 1 | 21516. | 59.0 1 21609. | | 21210. | 21405. | 58.9 1 | 21663. ] 21781. J 59.4 1 | 21502. | 21643. t 58.8 1 | 21625. J 21730. j 59.2 1 | 21570. | 21475. 1 59.4 1 J 21388. | 21561. | 59.5 1 | 21514. J 59.4 1 21389. | | 21767. J 60.0 1 21658. J | 21856. | 21873. J 60.5 1 | 21977. I 21898. | 60.7 1 | 22586. | 22570. | 61.2 1 { 22534. I 22617. J 61.4 1 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS NOT SEASONALLY ADJUSTED 1 TOTAL 1 RESERVES 1 1 1966 JAN JAN JAN JAN FEB FED FEB FEB MAR MAR MAR MAR MAR APE APR APR APR HAY HAY HAY HAY JUN JON JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC 5... j 12.. .| 19.. 26...I 2... J 9... | 16...| 23...| 2.. .J 9.. .| 16.. . | 23... 1 30..•i 6...| 13...| 20...J 27...| 4.. .J 11...! 18...| 25...1 1.. .! 8... J 15...! 22.. .J 29...! 6...! 13...J 20... | 27...J 3...J 10... 1 17...J 24... ( 31... 1 7...| 14...| 21...] 28...| 5...] 12...J 19...J 26... ] 2...] 9...! 16. ..] 23... | 30.. .] 7...J 14...] 21...| 28... i 23270. 23232. 22467. 22451. 22538. 22323. 22153. 22106. 22116. 22045. 22121. 22396. 22176. 22358. 22402. 22627. 22615. 22735. 22593. 22475. 22241. 22368. 22204. 22330. 22719. 22936. 23173. 23252. 22935. 22947. 22987. 22878. 22606. 22454. 2264 1. 22659. 23231. 23751. 23133. 23614. 23358. 23318. 23267. 23380. 23355. 23354. 22923. 23226. 23188. 23518. 23892. 24165. ] NON] REQUIRED ] HONETARY ! | NON] BORROWED ] BORROWED ] RESERVES ] BASE ! ! RESERVES | RESERVES ] I I PLUS ] 1 1 I ! 1 . 1 EXT.__CR. 1 _ I I ] 22708. ] 22708. ] 22951. ] 61.3 1 22544. ] 22642. ] 22642. | 61.3 i 1 22249. ] 60.1 ! ] 22249. ] 22259. ] 22146. 1 59.8 1 | 22099. | 22099. | 22120. ] 22120. i 22190. ) 59.8 1 | 60.0 ! 21820. | 21820. ] | 21979. I 21700. | 21700. ] 21816. ] 59.7 1 ] 59.5 ! 21586. | 21586. ] 21708. ] ] 59.4 1 21652. ] 21652. | 21823. t ] 59.8 ! 21685. | | 21431. ! 21431. | 21585. | 59.8 1 21585. ] 21758. ] | 21794. ] 21794. ! 60.1 ! 22025. | | 21888. ] 59.7 ! 21668. ! 21668. ] ] 21735. | 21735. I 22025. ] 60.2 ! | ] 21799. i 21799. ] 22042. ] 60.6 ! 22254. | 60.5 I ! 21942. I 21942. ] 60.3 1 ] 21973. | 21973. ] 22235. ] | 60.5 l 22118. 1 22118. | 22449. | 22253. | ] 21913. I 21913. ] 60.8 1 ! 21812. ] 60.6 1 21812. | 22156. | ] 21927. | 21588. | 21588. ! 60.2 ! 21556. ] 60.5 I I 21556. ] 21932. | ( 21657. I 21997. ] 60.7 1 21657. ] | 21542. J 21542. I 21865. | 60.9 1 ] 22028. ] 22028. ] 22437. ] 61.2 I J 22165. ! 22165. I 22477. | 61.2 1 ] 22346. I 22346. | 62.1 ! 22823. ] 22434. ] 22434. ] | 62.4 1 22528. ] ] 22304. ] 22304. ] 22764. 1 61.9 1 | 22267. | 22267. | 22671. J 61.7 1 ] 22209. | 22209. | 22634*. ] 61.8 i ] 22096. | 22096. ] 22417. ] 62.1 1 | 21876. I 61.7 I 21876. ] 22329. | ] 61.4 1 21735. ] 21735. | 22080. | J 21950. ! 21950. ] 61.3 I 22277. 1 | 21910. ] 21910. ] 22322. 1 61.9 1 ] 22343. | 22343. 1 22727. ] 62.5 1 ] 22980. ] 22980. ] 23159. ] 62.8 I | 22483. | 22483. | 23066. | 61.9 ! ] 22786. ] 22786. ] 62.6 1 23300. ] | 22430. | 22430. ] 22945. | 62.8 1 22528. 1 22528. ] ] 22829. ] 62.6 1 1 22749. ] 23120. ] 62.3 I 22749. i 231(11 • i j 22786. J 22786. | 62.4 ! | 22709. ! 22709. ] 22977. | 63.0 ! 22643. { 22807. ] 63.1 ! ] 22643. | 22484. ] 22484. 1 | 22739. ! 62.7 1 22590. | 22766. ] 63.0 ! 22590. ] ] 22739. | 23007. ] 63.3 ! ] 22739. ) 22871. i 23008. I 63.8 I ] 22871. ] 23420. J 23688. I 64.3 1 23420. ] ] 23617. I 23728. ] 64.7 ! 23617. ] ] TABLE 4 AGGREGATE RESERVES OF DEPOSITOR! INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONAL!! ADJUSTED 1967 JAN JAN JAN JAN FEB FEB FEB FEB BAR BAR BAR BAR BAR APR APR APR APR BAY BAY BAY BAY BAY JUN JON JON JON JOL JOL JOL JOL AOG AOG AOG AOG AOG SEP SEP SEP SEP GCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC i TOTAL 1 RESERVES 1 1 1 4...J 24662. 24499. 1 1 ... i 23661. 18...| 25...| 23989. 1... J 23909. 8...| 23849. 15...i 23726. 22... 1 23813. 23423. 1 ... i 8. ••1 23187. 15...J 23282. 22...| 23692. 29... 1 23329. 5...| 23389. 23162. 12...1 23580. 19...| 26 ... | 23385. 3... J 23623. 10...1 23413. 17...| 23386. 24... | 23081. 31.. .| 23059. 7...| 23176. 14... | 23213. 23767. 21.. .J 23547. 28...| 5... | 23884. 12...I 24066. 19...| 23889. 26...| 24021. 2...J 23974. 9...1 23960. 16... | 23763. 23 ... | 23773. 30... | 23475. 6... | 23925. 13...| 24039. 20... | 24316. 27... | 24212. 4... | 24642. 11... | 24399. 18...| 25029. 25...| 24549. 1...J 24705. 8... I 24754. 15...| 24699. 22... | 24622. 29...| 24658. 6... | 24840. 24710. 13...| 20... | 25203. 25687. 27...| NON| | NON| REQUIRED | HONETARY I BASE | BORROWED 1 BORROWED J RESERVES | \ I I i RESERVES | RESERVES | PLUS | 1 1 1 I . J EXT. CR. 1 1 J 6478 I 24097. | 24267. J 24097- | | 64. 7 I 23914. J 23914. | 23872. | I 23444• | 23536. j 63.4 J 23444. | | 23473. | 63.3 I | 23451. | 23451. | 63.0 I 23733. | 23569. | J 23733. J 63.4 I 23496. | 23560. | 23496. | | 63.3 I 23270. 1 23270. | 23308. | | 63.3 I 23336. | | 23336. | 23230. | 62.7 J 23256. | 23264. | | 23256. i 63.0 I 22985. | 22828. | | ' 22985. | 22910. | 63.0 1 23109. | 23109. J | 23390. | 63.5 23125. | | 23390. | 23194. | 23194. | 22944. | 62.9 1 | 63.0 1 23209. | | 23209. | 22942. | 23017. i 23017. | 63.2 1 | 22936. 1 63.4 1 | 23402. | 23402. | 23102. | 23287. | 63.0 1 | 23287. | 23139. | 63.3 1 | 23489. | 23489. | 23218. 1 23350. 1 63.6 I 23350. | 23084. J | 23263. | 63.5 1 | 23263. | 22982. J 23031. | 23031. J 22754. | 63.1 1 | | 22957. | 22957. | 22678. | 63.0 1 J 23099. | 22845. | 23099. I 63.6 1 | 23170. | 23170. | 63.8 1 22858. | | 23676. | 23676. | 23506. j 64.3 1 I 23406. | 23406. | 23116. | 63.8 1 | 23531. | 23531. | 64.6 1 23422. J 1 23997. | 23997. | 23423. | 65.2 1 I 23838. 1 64.7 1 23838. 1 23653. | | 23967. | 23967. | 64.6 1 23589. | J 23858. | 23858. | 23679. | 64.5 1 | 23869. | 23869. | 23589. J 65.0 1 | 23634. J 23634. | 23381. | 64.7 1 23726. | | 23726. | 23300. | 64.7 1 i 23429. | 23429. | 23215. | 64.1 1 | 23846. | 23846. | 23593. | 65.0 1 i 23969. | 23969. | 65.2 1 23653. | | 24210. J 24210. | 65.3 1 23908. | 1 24138. | 24138. | 24001. J 64.9 1 24498. | 24498. | 24229. | 65.5 1 | J 24254. [ 24254. | 24150. | 65.8 1 | 24813. | 24813. | 66.4 1 24468. | | 24491. | 24491. | 24359. | 65.7 1 | 24625. | 24625. | 24414. | 65.6 1 | 24622. | 2462 2 . | 24424. | 66.3 1 | 24537. | 24537. | 24181. | 66.3 1 24495. | 1 24495. J 24401. | 66.4 1 24539. | j 24539. | 24274. J 66.5 J | 24753. J 24753. | 24552. 1 66.9 1 J 24589. 1 24589. | 24377. | 67.1 1 | 25018. J 25018. | 24936. | 67.7 1 J 25342. | 25342. | 68.5 1 25245. | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED TOTAL | NON RESERVES | BORROWED 1 RESERVES 1968 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC 3... | 10..•J 17...| 24... | 31... | 7. ••I 14...| 21...| 28.••| 6... | 13... 1 20...I 27...| 3.. .| 10...I 17...I 24... | 1... | 8...J 15...J 22...| 29...| 5... | 12... | 19...| 26... J 3... | 10...J 17...| 24.. .J 31...I 7. ••| 14...| 21...J 28...| 4...1 11...| 18...| 25...| 2...| S...J 16...| 23...j 30...| 6... J 13...| 20...I 27...J 4... | 11... J 18...i 25...| 26448. 25911. 25571. 25922. 25672. 25921. 25530. 25275. 25636. 25797. 25548. 25672. 25326. 25463. 25434. 26090. 25503. 25518. 25698. 25379. 25379. 25322. 25332. 25400. 25597. 26217. 25839. 25826. 26011. 26261. 26186. 26227. 25890. 26227. 25791. 25881. 26192. 25974. 25855. 26387. 26495. 26975. 26473. 26720. 26354. 27070. 26960. 26594. 26859. 26461. 27088. 27232. 1 J | | | | | | | | | | | | | | | | | J 1 | | | | | | | J | I | 1 | i | J 1 J j J | J | J | | | | | | I 25953. 25731. 25347. 25689. 25431. 25680. 25146. 24870. 25194. 25297. 24769. 24939. 24744. 24767. 24788. 25327. 24852. 24844. 24875. 24667. 24710. 24558. 24573. 24722. 24933. 25410. 25346. 25414. 25541. 25622. 25584. 25490. 25314. 25608. 25417. 25427. 25558. 25570. 25381. 25846. 26092. 26459. 26136. 26225. 25962. 26395. 26447. 26011. 26328. 26027. 26513. 26373. NONBORROWED RESERVES PLUS EXT. CR. 25953. 25731. 25347. 25689. 25431. 25680. 25146. 24870. 25194. 25297. 24769. 24939. 24744. 24767. 24788. 25327. 24852. 24844. 24875. 24667. 24710. 24558. 24573. 24722. 24933. 25410. 25346. 25414. 25541. 25622. 25584. 25490. 25314. 25608. 25417. 25427. 25558. 25570. 25381. 25846. 26092. 26459. 26136. 26225. 25962. 26395. 26447. 26011. 26328. 26027. 26513. 26373. J REQUIRED | MONETARY | | RESERVES | BASE | | 1 | I 1 1 | 25795. | 68.7 i | 25347. | 68.2 | 25414. | 67.4 | | 25546. | 67.5 | | 1 25336. i 66.9 | 25546. | 67.5 | | | 25042. | 67.2 | | 24896. i 66.8 | 25323. | 67.0 | 1 25481. | 1 67.5 | 25090. | 67.6 | J 67.6 1 25258. | | | 25165. J 67.1 | 67.4 | 1 25132. | 25028. | 68.0 | | 25563. J 68.6 | i 25377. | 67.6 i | 67.5 | | 25242. | 25317. | 68.3 | | 68.0 | | 24979. | 25057. i | 68.0 | 24931. | 67.7 | | 25124. J 68.3 J | 25090. | 68.7 | J 68.7 | | 25331. | | 25639. | 69.1 | | 25657. | 69.1 J | 25393. | 69.8 | | 25737. | 69.7 | 69.7 | 25851. I J 69.4 | | 25828. | 25885. J | 69.9 | | 25576. 1 69.8 | 25713. | | 70.1 J 69.4 | 25612. | | 25626. | 69.8 | | 70.4 | 25636. | | 25600. | 70.0 j | 69.5 | | 25658. | | 26002. J 70.1 l 26270. 1 70.8 | i 26602. | 71.2 | I 26474. | 70.6 | | 26368. | 70.5 J J 26162. | 70.8 | | 26533. i 72.0 l | | 26731. | 71.8 | | 26409. 4 71.5 | 26380. i | 72.3 | 26409. | | 72.2 J 26720. | 72.8 | | 26812. 1 | 73.2 J TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED TOTAL I RESERVES J I i 28340. i...j 8...| 27955. 15...| 28567. 22...| 28349. 29...| 27572. 5.. .| 27437. 12.. .| 27260. 19...1 27591. 26...J 27099. 5...| 26985. 12...| 26768. 19__4 26710. 26... J 26622. 2... | 26743. 9... | 26599. 16.. .| 26616. 23... | 27580. 30.. .| 27657. 7... t 28210. 14... | 27806. 21... | 27772. 28... | 27729. 4.. .| 27643. 11...| 27444. 18... | 27036. 25... | 26966. 2__| 27500. 9... | 27176. 16 ... | 27275. 23.... 1 27164. 30...| 26594. 6.. .1 27042. 13... | 26960. 20...1 27159. 27...| 26909. 26950. 3...| 26941. 10...) 17__| 26814. 24... | 26931. 1... | 27400. 8... | 27153. 15...| 27379. 22... | 27614. 29... | 27172. 5... | 27661. 12... | 27725. 19...| 27969. 26...| 27601. 27737. 3...) 10... | 27775. 28016. 17...| 24... | 27876. 31... | 28680. J 1969 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JOL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC i NON1 BORROWED 1 RESERVES 1 1 | 27020. 27457. | 27880. J 27567. | J 26681. 26693. 1 26461. | 26547. | 26342. | 26251. | 25893. | 25934. J i 25658. 25548. | 25652. | | 25857. 26445. J | 26539. 26607. | 26635. | 26414. | 26426. I | 26122. | 26184. | 25721. | 25643. | 25866. 26156. | 25996. | | 25810. | 25325. | 25952. | 25631. 25938. | 25705. | J 25710. | 26201. J. 25796. J 25825. 25964. | J 26186. | 26032. | 26599. | 25993. | 26333. 26481. | 26898. | 26391. | J 26546. 26575. 1 | 26972. J 26780. 27576. | NONJ | BORROWED J RESERVES PLUS 1 1 EXT. CR. J 27020. | 27457. | 27880. | 27567. 26681. | | 26693. 26461. | | 26547. J 26342. | 26251. 25893. | | 25934. 25658. | | 25548. 1 25652. | 25857. | 26445. | 26539. | 26607. | 26635. | 26414. | 26426. 26122. | 26184. | 25721. | 25643. | | 25866. | 26156. | 25996. | 25810. 25325. I 25952. | 25631. | | 25938. I 25705. J 25710. 26201. | J 25796. | 25825. | 25964. 26186. J J 26032. | 26599. | 25993. | 26333. | 26481. | 26898. | 26391. | 26546. | 26575. | 26972. i 26780. | 27576. | REQUIRED J MONETARY t RESERVES | BASE J I | I I 1 J 27439. J 73.8 | 73.4 27753. | | 28335. i 73.6 | 28076. | 73.1 I 27384. | 71.8 i 27202. | 72.0 | 72. 1 27039. | | 27228. | 72.3 26895. J | 71.5 | 71.8 26778. | 26520. | \ 71.9 | 26625. | 71.8 71.5 26354. | | 26434. | | 71.7 26374. | 72.2 | 1 26472. | 71.9 72.6 J 27408. J 72.5 27572. | | 27727. | 73.6 | | 27545. J 73.3 | 27656. | 73.2 73.0 | 27616. | 73.7 | 27274. { | 26996. | 73.7 26937. | | 73.2 J 26775. J 72.9 27004. | 73.7 | | 27063. J 74.2 | 27099. | 73.9 26782. j 73.6 | 72.7 J 26448. | 73.8 | 26791. | | 73.8 26627. 1 J 27100. 1 73.9 73.4 | 26697. | | 26548. J 73.8 | 73.9 26550. | 73.5 | 26682. | 73.4 26727. | | 73.8 | 27080. J 74.2 | 27014. J 74.6 | 27161. J 74.7 | 27458. | | 27092. | 73.9 | 74.9 27365. \ | 27354. | 75.5 1 27823. | 75.7 75.4 | 27463. | 27534. | | 75.9 27484. | 76.2 | 76.4 | 27919. | | 27612. | 76.6 77.1 | 28152. | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED TOTAL | NON| NONJ REQUIRED i MONETARY I BASE 1 RESERVES | BORROWED | BORROWED I RESERVES | J 1 RESERVES I RESERVES | I 1 I PLUS f 1 1 1 I 1 I L 7... J 27844. | 27844. | 76.9 J 28696. 1 2847“ r 14...| 28988. 1 28123. | 28911. | 76.8 1 28123. | 21... | 29400. | 28437. | 28437. J 76.9 1 29196. | 28...| 75.5 1 28518. | 27488. | 27488. | 28406. | 28415. i 27157. | 4... | 27157. | 28204. J 75.6 1 27790. | 75.5 1 27997. | 26928. | 26928. 1 11... I 75.4 J 18...J 28059. | 26949. i 26949. J 27810. | 25...| 27577. | 26512. | 26512. | 27405. I 74.7 1 4...J 26626. | 27462. | 26626. | 27264. | 74.8 1 26301. | 11...| 27233. | 26301. | 27162. | 75.0 1 18...| 27631. | 26814. I 26814. J 27481. | 75.4 1 25...| 27472. J 26536. J 26536. | 75.1 1 27376. J 1...1 27806. | 26857. | 26857. | 27467. | 75.5 1 8... | 27709. | 27213. | 27530. | 27213. | 75.9 1 15...| 28262. | 27245. | 27245. | 28160. | 76.4 1 22...| 28372. | 27403. | 28214. | 76.4 1 27403. | 29...| 28126. | 27232. | 27232. | 28014. | 76.0 J 6... | 28587. { 27813. | 28237. | 27813. | 77.1 1 13...| 27745. | 26935. J 26935. | 27717. [ 76.5 1 20...| 28095. J 26916. J 27881. | 26916. J 76.8 1 27...| 27331. J 26398. | 26398. | 27287. | 75.8 1 3... | 27613. | 26389. | 76.6 1 26389. | 27418. | 10... | 27469. | 26612. | 26612. | 27333. J 76.9 1 17...J 27703. | 27045. | 27045. J 27430. | 77.0 1 24... J 27273. | 26386. | 26386. | 27185. | 76.3 1 27823. | 26832. | 26832. | 27550. | 76.9 1 1... | 27847. | 8... J 26553. { 78.1 1 26553. | 27773. { 26541. J 15...| 28222. | 26541. | 27992. | 78.1 1 26987. | 22...| 28373. i 26987. | 78.0 1 28188. | 29— | 28183. | 26952. | 28030. I 26952. | 77.5 1 28142. | 27954. | 5... J 27132. | 27132. | 77.9 1 27414. | 27414. J 78.6 1 12...| 28588. i 28309. | 27834. 1 78.4 1 28515. | 27834. | 28423. | 19... | 27517. | 77.7 1 27517. | 28039. | 26... | 28177. | 28370. J 27710. J 27710. | 77.8 1 2...| 28192. J 28931. | 28168. | 28168. | 28516. | 79.2 1 9... i 28565. | 78.8 1 16... | 28921. | 28421. | 28421. I 28394. | 27934. | 28441. I 78.0 1 23...| 27934. | 29034. | 78.3 1 30... | 28373. | 28373. | 28762. J 28434. | 78.8 1 7••. J 28786. | 28388. J 28388. j 28423. | 78.6 1 14...| 28464. | 28014. | 28014. | 28701. J 28890. i 28304. i 28304. | 78.9 1 21... | 28014. I 78.1 1 28256. | 28447. | 28014. | 28...i 4... | 28334. | 78.7 1 28652. J 28229. | 28229. | 11...| 28725. | 28280. | 28280. j 28443. | 79.5 1 79.5 1 18...| 28763. | 28433. | 28433. | 28599. | 27937. | 28297. | 79.1 1 25...| 28373. | 27937. J 28420. | 28458. i 79.8 1 2... 1 28875. | 28420. J 28428. | 28428. | 28582. | 80.2 1 9... | 28718. | 16... i 29038. 1 28918. j 80.5 1 28639. 1 28639. | 28973. | 29088. | 81.1 I 23... | 29298. | 28973. | 81.6 1 30...i 29409. | 29843. J 29573. J 29573. J J 1970 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP GCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1971 JAB JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC NONNON| I TOTAL | J RESERVES j BORROWED f BORROWED I 1 RESERVES | RESERVES PLUS 1 i I 1 1 I EXT. CR. 6... | 30611. | 30204. | 30204. 29965. | 29965. 13... | 30242. | 30557. 20...| 31029. | 30557. | 29818. 30172. | 29818. | 27...1 29676. | 29676. 3... I 29959. J 10...J 29760. J 29513. 29513. | 29641. 17... | 30202. i 29641. | 29666. 29666. | 24...| 29916. | 29284. 29284. | 3... | 29542. | 28983. 10...| 29404. | 28983. | 29665. 17...J 29955. J 29665. | 24...| 29482. | 29149. 29149. | 29683. 29683. J 31... J 29940. | 29670. | 7...| 29473. | 29473. 14...| 29625. | 29475. | 29475. 29854. | 29654. 21... | 29938. | 30157. | 28...| 29981. | 29981. 5... | 30780. j 30606. | 30606. 12.. .1 30084.. J 29985. | 29985. 19...| 30362. | 30056. | 30056. 26... J 30246. J 29979. J 29979. 2... | 30276. | 29630. | 29630. 9... | 29886. | 29733. | 29733. 16...I ' 30225. | 29822. | 29822. 23...| 29919. | 29300. 1 29300. 30... 1 30292. | 29542. | 29542. 7... | 30313. | 29652. | 29652. 14...| 30254. I 29263. | 29263. 21...J 30932. J 29811. | 29811. 28... | 30623. | 30078. | 30078. 4... | 30894. | 30130. | 30130. 30330. | 29737. | 11...1 29737. 18... | 30605. | 29426. | 29426. 25... | 30111. | 29340. | 29340. 1.. .| 30519. | 29813. | 29813. 8... | 30855. J 30090. J 30090. 30394. 15.. .| 30851. | 30394. J 22... | 30360. | 30031. J 30031. 30649. | 30649. 29... | 31073. | 6... | 30993. | 30684. I 30684. 13... | 30702. | 30253. J 30253. 20... | 31071. | 30739. I 30739. 30011. | 30011. 27... | 30424. 1 30745. | 30745. 3... | 30961. | 30458. | 10... 1 30580. J 30458. 17... | 31172. I 30885. 1 30885. 30178. I 30178. 24... | 30716. | 31275. I 30570. | 30570. 1 ... | 30684. | 30684. 8... | 30743. | 15...| 31153. | 31128. J 31128. 31010. | 31010. 31151. 1 22...1 31924. | 31708. J 29...1 31708. | REQUIRED | MONETARY I BASE | RESERVES | J | 1 I | 1 I j | 30035. | 82. 1 I 30210. | 81.3 I | | 30937. | 81.7 I i 29890. 1 80.3 I 80.3 I 29722. 1 | 80v 5 l 29555. | | | 29905. J 81. 1 I 29599. | 80.3 I | 80.2 I | 29372. J 80.6 I 29322. | | { 29690. | 81.1 I 29414. J 80.5 I 4 29564. J 80.8 I | 81.4 I 29393. | | 29417. | | 81.5 I i 29857. J 81.5 I 81.4 I | 30109. | | 82.5 I 30415. I 29854. | | 82.3 I 30260. | | 82.4 I J 30072. J 82.1 J | 29991. | 82.6 l 29813. | | 82.7 | 82.9 I 29959. 1 | 82.5 I 29709. | | 30060. J 82.9 I | 30036. | 84.1 I | 30249. | 84.0 I 30650. | 84.4 i J | 30556. | 83.7 I | 30460. | 84.3 I | 30303. | 84.2 I 84.4 I | 30381. | | 30020. | 83.5 I | 83.6 I 30195. | | 30650. | 84.9 I J 30604. J 84.6 I | 30421. | 83.8 I 84.1 I i 30730. | | 30779. | 84.7 I | 84.8 I 30653. J | 30861. | 84.9 I | 30373. | 84.0 I 84.7 I | 30565. | 30570. | 85.0 J J 30984. | 85.6 I | | 30572. | 85.2 I | 30685. J 85.8 I 85.9 I J 30600. | 86.3 I J 30949. J 8 6 . 6 31180. | | J 87.4 I 31610. | | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1972 JAS JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC NONNONl 1 TOTAL | J RESERVES 1 BORROWED | BORROWED 1 1 RESERVES | RESERVES PLUS i I 1 1 J 1 EXT. CR. 32814. | 32757. J 32757. 5... | 32793. | 32776. 1 32776. 12...1 33665. | 33651. | 33651. 19...| 32580. 26...i 32592. | 32580. | 32419. | 32419. 2... J 32435. J 31850. | 31850. 9... | 31892. | 16...j 32257. | 32239. | 32239. 31823. | 31809. | 31809. 23...| 1.. .| 31614. | 31547. | 31547. 31362. J 31362. 8... | 31465. | 32095. 1 32095. 15...| 32108. | 22...i 31558. | 31443. i 31443. 29... | 32219. | 32066. I 32066. 32604. i 32463. | 32463. 5... J 32345. | 32331. 12...| 32331. | 32565. | 32522. J 19... | 32522. 32387. { 26... | 32666. | 32387. 32840. J 3.. .J 32723. J 32723. io... i 32757. | 32670. | 32670. 33157. | 33118. | 33118. 17... | 24... | 32646. | 32583. | 32583. 31. ••| 32814. | 32560. | 32560. 7.. .| 32677. | 32619. | 32619. 14...| 32417. | 32323. | 32323. 32596. | 32537. | 32537. 21... 1 32301. | 32172. J 32172. 28...| 5... | 33143. { 32831. i 32831. 12... | 32747. | 32520. 1 32520. 19...J 33295. | 33122. | 33122. 33040. J 26...J 32868. | 32868. 2.. .J 33139. J 32776. 1 32776. 33133. | 9... | 32846. 1 32846. 16... | 33326. J 32944. | 32944. 32474. | 32474. 23... | 32822. | 30...| 32978. | 32501. | 32501. 6... J 33362. | 32525. | 32525. 13...J 32520. | 32371. 32371. | 20... | 33017. | 32300. | 32300. 27... | 33053. | 32503. | 32503. 4... | 33731. | 33295. | 33295. 11... J 33710. | 33175. I 33175. 18...| 34098. | 33664. | 33664. 25... | 33555. | 32790. J 32790. 1... | 33704. | 33149. | 33149. 8...1 33694. | 32735. | 32735. 15...| 32132. J 31638. | 31638. 22... 1 30539. | 30120. | 30120. 29...i 30728. J 30156. | 30156. 6... | 31009. j 30420. | 30420. 13... | 31068. | 30263. | 30263. 20... | 31408. | 30187. | 30187. 27... | 31441. | 30323. I 30323. I REQUIRED I MONETARY I BASE J RESERVES | I I I 1 | 1 i |___ J . _1 | 32502. | 87.9 1 | 32688. | 87.6 I | 33447. | 88.0 1 32400. | 86.4 1 | 86.2 1 | 32190. | 31842. J 86.4 1 | 31946. | 86.6 1 | | 31693. 1 86.1 1 | 31532. | 85.7 1 31289. | 86.3 1 J 31715. | 87.0 1 | 86.4 1 31691. | J 31934. 1 86.8 1 | 32230. | | 87.9 J | 32179. | 87.8 1 32624. i i 87.9 1 87.6 1 | 32448. | 32704. J 88.0 1 J 88.7 1 | 32566. J | 32963. | 89.0 i 32560. | | 88.3 1 1 32726. | 88.5 1 32346. | 89.0 1 | 88.8 1 | 32308. | 89.0 1 | 32384. | | 32177. | 88.3 1 { 32815. i 90.2 J 32524. | | 90.0 1 J 33148. | 90.3 1 | 32961. | 89.7 I | 32897. | 89.7 1 | 33003. | 90.5 1 | 33072. | 9C.5 1 | 32782. | 89.8 1 1 32751. J 89.5 1 I 32566. | 90.8 I | 32635. | 89.9 1 | 32811. ( 90.1 1 i 33016. | 89.8 1 J 33501. | 90.8 J | 33352. | 91.7 1 | 33977. | 91.9 1 | 33405. 1 91. 1 i | 33499. | 91.0 1 | 33570. | 92.2 1 | 31346. | 90.8 1 | 30350. | 89.5 1 i 89.4 1 30388. | | 30673. i 90.3 1 I 30824. | 90.8 1 | 31202. | 91.4 1 | 31252. | 91.8 1 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1973 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR 'APR APR APR HAY HAY MAY MAY MAY JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC I TOTAL 1 RESERVES ! 1 1 3... I 32597. 10...| 32483. 17...| 34005. 24... | 32509. 31... | 32553. 7... | 31804. 14...| 31809. 21...i 32038. 28... I 31284. 7... 1 32059. 14... | 31558. 21... | 31972. 28... | 31664. 4... J 32614. 31757. 11 ...1 18... | 32627. 25...1 32402. 2... | 32502. 9... | 32246. 16...| 32942. 23...| 32270. 30.. 32205. 6.. .| 32163. 13...| 31597. 20...J 32276. 27... j 32220. 4... 1 33327. 11...J 32519. 18...| 33721. 25... | 33813. 1>.. | 34051. 8... J 33456. 15...| 33829. 22... 1 33601. 29...| 33797. 5... | 34126. 12.. .J 33549. 19... | 33858. 26... i 34143. 3... | 34673. 10...J 34794. 17... | 35019. 24...| 35118. 31... J 34951. 7.. .i 34626. 14...J 34871. 21... | 35095. 28...] 34438. 5... | 34906. 12... | 34444. 19... | 35203. 26... | 35430. | NON-" j’ NON] BORROWED ] BORROWED J RESERVES | RESERVES PLUS ] 1 EXT. CR. 1 | 30846. 30846. | ] 31792. | 31792. | 32712. 1 32712. | 31415. | 31415. 31243. | 31243. | I 30572. 1 30572. 29817. | .29817. | | 30368. | 30368. | 29805. | 29805. 30374. | 30374. | | 30067. | 30067. | 29833. | 29833. | 29653. ] 29653. ] 30859. 30859. | | 30258. | 30258. I 30779. 30779. | | 30756. | 30756. | 30628. | 30628. | 30762. | 30763. 31128. | 31127. 1 | 30582. | 30583. | 29806. 29805. | | 30499. I 30500. | 29897. ] 29898. | 30348. 1 30358. | 3037t. ] 3C381. | 30927. | 30959. 30840. | 30874. | I 31£99. | . 32035. | 31733. | 31763. | 31956. | 31982. | 31451. | 31475. ] 31913. ] 31942. | 31467. | 31490. | 31239. ] 31264. | 31765. | 31790. | 32062. | 32085. | 32177. 32152. | | 31953. ] 31982. | 33153. | 33185. | 33441. | 33471. | 33857. | 33884. 1 33203. | 33203. I 33496. | 33496. i 33455. ] 33455. | 33350. | 3J350. 33527. | ] 33527. | 33151. | 33151. 33428. I | 33428. | 33141. | 33141. | 33715. | 33715. | 34391. | 34391. | REQUIRED | MONETARY | RESERVES | BASE | 1 i i I ! | 32019. i 92.2 i 32338. | 92. 1 | 33676. J 93.0 | 32542. I 90.9 | 32098. | 90.5 90.4 | 31686. J | 31622. | 90.7 | 31533. | 90.9 | 31305. | 89.6 ] 31723. ] 91.2 | 31533. | 91.0 91.4 1 31724. ] | 90.7 31576. | | 92.2 32078. | | 31848. 1 92.2 | 32390. ] 93.0 | 32064. | 92.5 | 32271. | 92.4 | 32327. | 93.2 ] 93.7 32602. | | 32176. | 92.9 | 32060. I 92.9 | 31819. | 93.5 ] 31595. | 93.3 | 32132. I 93.8 | 32000. ] 93.3 | 32695. I 95.2 | 32524. | 95.0 ] 33264. | 96.0 | 33800. ] 95.6 | 33552. | 95.6 ] 33381. ] 95.9 | 33515. ] 96.2 | 95.7 33562. | | 33674. | 95.4 | 96.4 33636. | | 33405. ] 96.1 | 96.1 33709. ] 95.9 | 34059. ] | 96.6 34216. | | 97.8 34374. | | 97.7 35099. | | 34711. | 97.6 | 97.0 34777. | | 97.7 34369. ] | 34725. | 98.4 ] 34726. | 98.9 | 34372. | 98.0 | 34468. | 98.9 | 34472. | 99.2 | 34892. | 100.1 i 34958. | 100.9 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1 TOTAL | NONNON| REQUIRED I RESERVES I BORROWED | BORROWED | RESERVES I 1 RESERVES 1 RESERVES | PLUS | 1 1 1 _EXT.__Cfi. J. 1 344.46. | 35268. 2... 1 356567“ T 34446. | 35520. | 36210. 9.. . | 36296. | 35520. | 37374. 16...| 37702. | 36714. | 36715. | 23. .. | 36610. | 35428. | 35432. | 36693. 35880. 30... | 36139. | 34919. | 34927. J 35351. 34477. | 6...1 35475. | 34477. | 34195. i 34195. | 35054. 13... | 35348. | 35274. 34012. | 34012. I 20... | 35388. J 27... | 34851. I 33600. | 33600. | 34645. 34515. 6... | 34633. 1 33721. | 33721. J 33765. | 34632. 13...| 34748. | 33765. | 33726. | 33726. | 35129. 20...J 35209. | 27... | 34774. J 33061. | 33061. | 34605. 33940. | 35217. 33940. I 3... | 35443. | 34940. 33808. | 35002. | 33808. | 1 0 ... | 34440. i 35927. 34440. I 17... | 36256. | 35916. 24... | 36055. | 34116. | 34116. | 36845. i 34688. | 34688. i 36668. 1 . .. | 8. ..| 36336. | 34720. | 34736. I 36201. 15... | 36646. | 34669. | 36470. 35033. | 36487. 34552. | 22... | 36616. | 33526. | 36170. 32743. | 33902. | 29...| 36349. J 34442. | 36054. 5. •. | 36279. | 33225. | 33060. i 34299. { 12... | 35789. | 35658. 19.. .| 36708. | 33485. | 34651. J 36461. 26...| 36536. J 33748. J 34983. J 36437. 37274. i 3.. •1 33839. I 35141. J 36905. 35595. | 34228. | 36590. 10... | 36868. 1 37840. 17...| 37824. J 34649. 1 36082. | 24. ..J 37417. | 33776. | 35239. | 37302. 37204. | 33514. | 35025. I 37020. 31... | 7 . . . | 36920. 1 33831. \ 35344. { 36692. 33895. 1 35404. | 36823. 14... | 36936. | 37156. | 35267. | 36947. 33719. | 21., .1 35093. 1 36920. 28... | 37066. | 33533. | 33333. 1 4.. .| 37239. | 34909. i 36918. 11... | 36737. | 33653. | 35237. J 36628. 37004. 35742. { 18...| 37086. | 34165. | 35019. | 36872. 25... | 36946. | 33415. | 37077. 34315. I 36155. | 2... | 37533. | 36656. 34356. | 35682. | 9... I 36601. | 35767. | 37088. 16. .•I 37415. | 35671. | 36456. | 35134. | 35231. | 36615. 23... \ 36576. 30.. .| 36819. | 35181. 1 35273. J 35961. | 36672. 6.. .I 36995. | 35870. | 35467. | 36335. 13...| 36479. i 35382. | 35445. | 35619. | 36785. 20... | 36812. J 35290. | 35539. | 36459. 27... | 36769. | 36678. 4•••i 36961. | 35891. | 36121. | 36452. 11 ...| 36293. | 35645. | 35762. | 36086. | 36545. 18... | 36762. J 35944. | 36416. 25... J 36845. | 36183. | 36322. J i 1974 JAN JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY MAY JUS JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC | MONETARY i BASE | I I 1 1 I 1 I 100.2 I | | 101.0 I | 101.8 I 100.2 I | | 99. 1 I | 99.2 I | 99.5 I | 99.5 I I 98.4 I | 99. 1 I 99.7 I J 100.0 I | 99.3 I i 100.3 I | 101.1 i | 102.3 1 | | 101.5 1 102.0 1 { | 102.7 1 103. 1 1 | | 102.9 1 102.6 1 | 103.0 1 | 103.1 1 J | 103.8 \ | 103.2 J 104.7 1 | i 105.2 1 105.7 1 | 104.8 1 | | 104.2 \ | 104.9 1 105.2 1 | 105.2 I I 104.6 J i 105.4 1 | 105.4 1 | I 105.3 1 104.7 1 | 105.3 I | 105.7 1 | 106.5 1 | 105.2 1 | 105.2 1 i | 106.5 1 | 106.7 1 | 106.9 1 | 106.8 1 J 107.7 1 I 107.8 1 | 108.3 1 | 108.8 1 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS NOT SEASONALLY ADJUSTED TOTAL i NONNON| R E Q U I R E D J NONETABY I | BESEBVES | BOBBONED J BORROWED | BESEBVES | BASE I 1 i BESEBVES | BESEBVES | 1 I | 1 1 1 PLUS 1 I .EXT. CBa_| i 1 J 1. 370297"* | 37171. | 37013. J 10876 I 1... i 37590. | 37175. | 8... | 37312. J 37001. J 37111. | 108. 4 I 15...1 38207. I 37598. I 38249. | 37782. | 108.8 I 22...| 38265. | 37671. J 37869. | 38079. J 108.3 J 37098. | 37066. | 29... | 37240. | 37169. | 106.5 I 36580. | 5... | 36975. | 36877. | 36938. | 106.7 I 35971. | 106.4 I 12... | 36030. | 35940. | 35996. J 105.5 I 19...J 35118. \ 34889. | 34960. | 34940. | 34606. i 26...| 34426. | 34474. | 34447. | 104.3 1 5... | 34795. i 34725. 1 34770. | 34386. 1 105.2 1 12...| 34482. | 34422. | 34462. | 34252. | 105.8 1 19... | 34510. J 34343. J 34381. J 34490. | 105.6 1 34664. | 26... | 34819. | 34695. | 34675. | 105-7 1 2... J 35087. J 35036. J 35070. J 34808. J 106.2 1 9,. .1 34670. | 34640. | 34658. | 34552. | 106.7 16... | 35295. | 35273. ] 35076. | 35278. | 107.1 1 35084. | 35090. | 35179. | 23... | 35249. | 106.6 1 30... | 35495. | 35254. | 35262. | 35306. | 106.3 1 7... | 35237. | 35203. | 35205. | 34926. | 107.2 1 14...J 34517. | 34500. | 34502. J 34518. J 106.9 1 107.0 1 34585. | 34631. | 21... | 34702. | 34581. | 28...1 34209. J 34045. 1 106.6 1 34125. | 34129. | 4... | 34511. 1 34427. | 34436. | 34177. | 107.3 1 11... J 33707. j 107.5 1 33669. | 33679. | 33743. J 34937. | 34860. | 18...1 34874. | 34603. | 108.6 1 25...1 34706. | 34518. | 34540. | 34615. | 108.1 1 2...| 35481. | 34610. J 54634. | 35085. | 109.2 1 9... | 34612. J 34390. J 34409. | 34479. | 109.8 1 16...| 34864. | 34662. | 34682. 1 34791. J 109.6 1 23...J 34898. | 34516. | 34534. | 34695. | 109.1 1 30...| 34999. | 34746. | 34767. | 34718. | 108.6 1 6... | 34553. | 34373. | 34385. | 34354. | 109.1 1 13__I 34163. | 33984. | 34147. | 33992. | 109.1 1 20... | 34629. | 34425. J 34438. | 109.3 1 34418. | 27... | 34470. J 34198. | 34212. | 34174. | 108.5 1 3...| 34529. | 34307. | 34323. J 34228. 1 109.0 1 10...j 34098. | 33713. | 34104. J 33729. | 109.2 I 17... | 34552. J 34225. | 34240. J 34285. | 109.1 1 24... | 34617. | 34222. | 34234. | 34584. | 108.7 J 35444. | 34863. | 1...I 34875. | 109.2 1 34982. | 8... | 34260. | 34021. | 34284. | 34033. | 109.4 1 15...| 34722. i 34549. | 34564. | 110.0 1 34409. 1 22... | 34605. I 34372. | 34576. | 34393. | 109.5 1 29...| 34729. J 34634. | 34634. | 34443. J 109.1 1 35004. | 5... | 34937. J 34939. | 34140. J 110.3 1 12... | 33790. | 33751. | 33753. | 33778. 1 110.3 1 19... | 34751. i 34093. | 34695. | 34566. | 111.2 1 26...| 34719. 1 34645. | 34657. | 34507. i 1 1 1 . 1 1 3... | 34859. | 34792. | 34802. | 34530. | 111.8 J 10... | 34429. | 34399. | 34406. 1 34263. | 112.2 1 1 7 . . . | 35142. | 35097. | 35111. | 34895. | 112.8 1 24.. . 1 34836. I 34617. | 34630. 1 34625. | 113.1 1 31... | 35611. | 35358. | 35372. | 35197. | 113.3 1 J 1975 JAN JAN JAN JAN JAN FEB FEB FEB FEB NAB NAB NAB NAB APB APB APB APB APB NAY NAY NAY NAY JUN JUN JUN JUN JUL JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV Dl C D EC DEC D EC DEC TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1976 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG SEP SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC DEC NON| TOTAL | NON1 J RESERVES | BORROWED | BORROWED 1 RESERVES | RESERVES 1 I PLUS 1 1 ___1 EXT. CR. 1 1 7... | 35531. | 35464. | 35483. 35768. | 35783. 14...i 35813. J 21.. • J 36220. | 36067. | 36074. 28...1 35072. | 35014. I 35020. 4... | 35069. | 35014. | 35022. 33726. 33769. | 33718. | 11... | 18...| 34540. | 34484. | 34498. 33516. 25...| 33656. | 33508. J 34011. 3... | 34088. | 34004. | 33331. | 33336. 10... 1 33379. | 17... | 33710. J 33670. | 33673. 33486. 24... | 33562. | 33484. | 31... | 34236. | 34200. | 34200. 7... 1 33587. | 33563. I 33563. 14...| 33762. i 33701. | 33701. 21.. .J 34447. | 34408. 1 34408. 34326. 28...| 34384. | 34326. | 5... | 35296. | 35266. i 35266. 12...| 33720. J 33665. | 33665. 19... | 34136. J 34014. | 34014. 26... | 33597. | 33461. J 33461. 2...] 33825. | 33583. | 33583. 33034. 33127. | 33034. | 9... J 16... | '33971. J 33922. | 33922. 23... | 33582. | 33417. 1 33417. 30... | 34789. | 34623. i 34623. 34395. J 7... ) 34521. J 34395. 14... | 33919. | 33743. | 33743. 34361. 21... | 34420. J 34361. | 34060. | 34060. 28...J 34219. J 4... 1 34691. | 34534. | 34534. 11... | 33562. | 33440. | 33440. 34408. | 34323. 1 34323. 18...| 25...1 33818. | 33750. | 33750. 1... ] 34052. | 33959. | 33959. 8... | 33564. | 33519. | 33519. 33774. 33774. | 33835. i 15...1 22... | 33496. J 33452. | 33452. 34490. 34490. | 29... | 34577. J 6... | 34433. I 34332. I 34332. 33753. 13... | 338C0. | 33753. | 20... | 34638. 34686. | 34638. | 27... 1 34184. | 34064. J 34064. 34576. 3.. . | 34778. | 34576. | 10... J 34027. J 33977. J 33977. 17... | 35252. | 35198. | 35198. 24... | 34392. | 34348. | 34348. 1... I 35113. | 35026. I 35026. 34287. 8... 1 34313. | 34287. J 35387. | 35387. 15... | 35456. | 35117. 22... 1 35154. | 35117. | 29... I 35834. | 35752. | 35752. | REQUIRED J RESERVES | | | f 35232. 35627. | J 35986. | 34907. | 34652. 1 33719. | 34040. J 33773. | 33678. | 33276. | 33509. J 33451. | 33838. 33464. | | 33589. J 34317. | 34272. | 34855. | 33753. 1 33891. | 33519. | 33372. | 33197. 33400. | J 33762. 34324. | J 33959. 33890. | i 34192. | 34187. J 34255. | 33598. 34071. J | 33700. | 33762. | 33291. | 33576. 33454. | j 34378. | 34099. i 33588. | 34587. j 34073. I 34317. 34005. J | 34818. 34272. 1 | 34729. | 34188. | 34989. 35083. | I 35486. | MONETARY I | BASE I J I I I I. J | TT2T9 I 112.7 J < | 112.5 l 110.7 I | 111.0 I | 110.7 I | 111.4 I | 109.8 1 J 110.7 1 | J 111.3 1 | 111.5 1 111.1 1 | | 111.5 1 | 112.2 1 | 112.9 1 113.6 1 J 112.7 1 | i 114.5 1 113.7 1 | 113.8 1 | i 112.9 1 1 113.9 1 i 114.1 1 | 114.7 1 | 113.9 1 | 114.8 1 116.3 J J | 115.7 1 | 115.8 i | 114.9 1 115.9 1 i 115.8 I | | 116.3 I 115.0 1 | 114.9 1 J 116.0 1 I 115.8 J I | 115.1 1 115.6 1 | 116.8 J | | 116.6 1 | 116.9 1 | 115.9 1 | 117.1 1 117.7 J | | 118.9 1 | 118.2 1 | 118.9 1 | 119.2 1 120.5 1 | 120.5 1 | 121. 1 1 | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED TOTAL j NON| NONJ REQUIRED RESERVES | BORROWED | BORROWED | RESERVES I J RESERVES | RESERVES | PLUS J J i i I 1 EXT. CR. I 5...] 35974. | 3546?. 35943. | 35943. i 12... J 35799. 1 35395. 35779. | 35779. | 19... | 36830. | 36721. | 36721. | 36941. 26... j 36193. | 36104. | 36104. | 35769. 2.. .1 35275. I 35189. I 35189. | 35145. 9... | 34595. | 34520. | 34520. | 34339. 16... j 34553. j 34424. J 34424. j 34389. 23...1 34157. 1 34121. I 34121. J 33928. 2... | 34083. | 34053. | 34053. | 33933. 33334. 9... | 33607. i 33587. J 33587. | 16... | 34029. | 34005. | 34005. | 33861. 33844. 23...| 33921. | 33583. | 33583. | 30...| 34758. | 34700. | 34700. | 34404. 6... J 34264. i 34199. | 34199. | 34008. 13...| 33988. | 33950. | 33950. J 33714. 20... | 35162. | 35133. I 35133. | 35128. 27...| 35240. | 35141. | 35141. | 35076. 4.. .1 35831. | 35616. | 35616. | 35529. 11... i 34678. | 34522. | 34522. | 34632. 18...| 34946. | 34819. J 34728. 34819. | 25... | 33933. | 33622. | 33622. | 33798. 1... | 34418. | 34188. | 34188. | 34009. 8... | 33734. | 33508. | 33508. | 33701. 15...J 34104. J 33881. J 33881. | 33858. 22...| 34696. | 34425. J 34425. | 34623. 29... | 35064. | 34730. I 34730. | 34914. 6.. .| 35619. | 35354. | 35354. | 35125. 13...J 34635. | 34475. | 34475. J 34371. 20... | 35519. 1 35113. | 35113. | 35307. 2 7 . . .| 35195. | 34900. 1 34900. | 35121. 3.. .| 35919. | 35321. | 35321. | 35495. 10...J 34890. | 34305. | 34305. | 34787. 17...| 35401. | 34603. | 34603. | 35199. 24... ] 34800. 1 33135. | 33135. J 34772. 31... | 35345. | 33952. | 33952. | 34974. 7. .. | 34797. J 34161. i 34161. | 34566. 14... | 35060. | 34723. | 34723. | 34739. 21... | 34924. | 34186. | 34186. J 34927. 28... | 35614. | 34896. I 34896. | 35382. 5... i 36218. J 35335. | 35335. | 35817. 12...| 34798. | 33747. | 33747. | 34629. 19...J 36369. \ 34508. i 34508. | 36285. 26... | 3 5502. I 34058. | 34058. | 35300. 2... | 35981. | 34868. | 34868. | 35716. 9... | 35551. | 34664. | 34664. | 35396. 16...| 36221. | 35687. | 35804. 35687. | 23... | 35856. | 34975. | 34975. | 35867. 30... 1 35938. | 34865. | 35500. 34865. | 7... | 35686. | 35103. | 35103. | 35671. 14...J 36275. | 35766. | 35962. 35766. | 21... | 36570. | 36043. | 36043. | 36425. 36562. 28...| 36807. | 36121. | 36121. J i J 1977 JAN JAN JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN JUN JUN JUN JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT NOV NOV NOV NOV NOV DEC DEC DEC DEC | MONETARY I | BASE J 1 I 1 I I | 120.7 I | 120.3 I | 120.6 I | 119.2 I | 118.0 I | 118.6 I | 118.3 I | 117.8 I 117.4 I j | 118.4 i J 118.8 I 1 118.5 I | 119.0 I 1 120.2 1 | 120.3 1 | 120.9 1 I 120.3 1 | 121.5 1 | 121.5 1 | 121.5 1 | 120.1 1 1 121. 1 J | 121.3 1 | 121.6 1 | 122.0 1 { 122.0 J | 124.8 1 | 123.7 1 | 124.2 1 | 123.4 J J 124.5 1 | 124.6 1 J 124.7 1 | 123.6 1 | 123.5 1 | 124.8 1 | 124.6 1 | 124. 1 1 | 124,1 1 J 125.7 1 125.4 1 | 126.6 J | J 125.2 1 | 125.8 1 | 127.2 1 | 128.0 1 | 127.6 1 | 127.6 1 | 128.5 1 129.4 1 | | 130. 1 1 | 130.9 1 TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1 TOTAL J RESERVES 1 J ___ l_ 1978 JAN 4... 1 37902. JAN n... i 37240. JAN 18... | 39834. JAN 25... | 38091. FEB 1... I 37450. 37304. FEB 8. ..i 37098. F E B 15...| F E B 22.. .| 36672. MAR 1... | 36132. MAR 8... | 35664. MAR 15...J 35981. 36267. MAR 22... | MAR 29... | 36450. APR 5... | 36630. 35904. APR 12...1 37740. APR 19...| APR 26... J 36963. MAY 3... | 37923. MAY 10... | 37183. MAY 17...1 37395. MAY 24 ... | 36465. MAY 31... J 36928. JUN 7. .. J 36313. JUN 14... | 37155. JUN 21...j 37742. JUN 28... | 37503. JUL 5... | 39043. JUL 12.. . | 36810. JUL 19...| 39488. JUL 26.. .I 38004. AUG 2...J 38058. AUG 9.. .| 37159. AUG 16.. .| 37872. AUG 23... | 37307. AUG 30.. .J 37804. SEP 6...I 37600. 37236. SEP 13...J SEP 20... | 37462. SEP 27...| 38441. OCT 4... | 38869. OCT 11... i 37997OCT 18...| 38756. OCT 25... | 38068. NOV 1... | 38408. NOV 8... | 37927. NOV 15...| 37974. NOV 22...1 41312. NOV 29>... | 41283. DEC 6... | 41465. DEC 13... | 41063. DEC 20...i 41802. DEC 27... 1 41357. | NON| NONJ REQUIRED | MONETARY I BASE | BORROWED j BORROWED | RESERVES | I I 1 RESERVES | RESERVES | 1 PLUS | J 1 J J 1 J EXT. CR. 1 I 37396. \ 131.1 I 1 37396. | 37615. | 36935. J 130.3 I 1 36798. i 36798. | 1 39416. | 39416. | 39573. | 132.1 I 37776. | 129.5 I 1 37499. | 37499. | 128.4 I | 36981. | 36981. | 37292. | 129.6 I | 36811. | 36811. | 36934. | 129.4 1 { 36817. | 36817. | 36920. 1 129.0 1 | 36226. | 36226. | 36380. | 127.7 35741. | | 35741. | 36012. | 128.7 1 | 35268. | 35268. I 35400. | 35850. | 129.2 1 | 35733. | 35733. | | 35987. | 35987. | 36119. | 129.5 1 36215. J 36064. | 129.4 1 1 36064. 1 130.4 1 36326. | 36326. | 36323. | i 35916. | 130.5 i j 35733. 1 35733. | { 37502. | 37502. | 37435. | 132.0 1 37020. J J 36154. J 36154. J 130.7 1 | 36259. I 36259. | 37608. | 132.1 1 37000. J 132.7 1 J 35495. | 35495. | | 36529. | 37389. | 132.7 1 36529. | 131.4 1 | 35764. | 35764. | 36218. J 36529. J 132.2 1 1 35529. | 35529. | i 132.7 1 35668. j 35668. J 36264. I | 36362. I 133.6 1 36362. 1 37042. 1 37516. j | 133.9 J 36548. | 36548. 1 | 35787. | 37335. | 35787. J 133.3 1 38324. | | 37850. | 37850. 1 136.6 1 I 35907. | 35907. | 37037. J 134.9 1 1 136.9 1 37899. | 39116. i 37899. | | 36542. | 134.8 1 36542. | 38041. | | 36620. i 37705. i 36620. | 135.0 i i 36281. 1 135.5 1 36281. | 37144. | | 36909. | 36909. | 37549. | 135.9 1 | 35701. | 35701. J 37316. \ 135.0 1 1 36781. 1 37535. i 134.8 i 36781. i 1 36435. | 36435. | 37295. | 136.5 1 37123. | | 36726. | 36726. | 135.9 1 [ 36539. | 37287. | 135.7 I 36539. | J 36881. | 136.0 1 36881. | 38218. | 137.4 1 38746. | I 37583. | 37583. | 37647. | 36758. | 137.8 1 | 36758. 1 38875. | 138.2 1 | 37506. | 37506. | j 37749. | 36754. J 36754. | 136.9 1 | 37103. | 37103. 1 38295. | 137.2 1 37586. J | 37229. i 138.6 1 37229. i | 37341. | 37341. | 37729. | 139.0 1 | 40708. | 40708. | 41162. | 142.5 i 142.3 1 | 40491. i 40491. | 41130. | 41138. | | 40767. 1 40767. | 143.5 1 40911. | 143.6 1 | 40472. t 40472. | 41565. | 144.6 1 41235. | 41235. | J 39944. | 145.3 1 | 39944. | 41412. | TABLE 4 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS NOT ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS NOT SEASONALLY ADJUSTED 1979 JAN JAH JAM JAN JAN FEB FEB FEB FEB NAB NAB NAB NAB APB APB APB APB NAY MAY MAY NAY NAY JUN JUN JON JUN JUL JUL JUL JUL AUG AUG AUG AUG AUG SEP SEP SEP SEP OCT OCT OCT OCT OCT NOV NOV NOV NOV DEC DEC DEC DEC I TOTAL | NONI RESERVES | BORROWED i 1 BESERVES I 1 I J 3...| 43420. | 42237. 10...i 41722. J 41036. 43964. 17*.. J 44860. 1 24... | 42983. | 42060. 42607. | 31__i 41179. 41517. | 40700. 7... J 14...J 40691. J 39637. 21...| 40878. | 39940. 28...| 39726. | 38643. 7.. .| 40394. | 39367. 14... | 39950. | 39068. 21... | 40491. | 39467. 28... 1 39941. J 38859. 4... | 40430. | 39563. 11... J 39448. | 38820. 18...| 41288. | 40339. 25.. 39838. 40829. i 40594. 2...| 41811. | 9... | 40588. | 39100. 16... 1 40607. J 38848. 23... | 39613. | 37910. 30...J 37444. 39771. J 6... | 39665. | 38325. 13... | 39327. | 38028. 20...| 40604. | 39280. 27... | 40181. | 38595. 4...| 41448. | 39771. 11... | 39476. | 38535. 18__| 41572. | 40390. 25...i 41200. | 39908. 1... I 41146. | 40200. 8...| 40256. J 39494. 15...| 40727. | 39704. 40657. i 39271. 22...1 29...| 41108. | 39991. 5... | 40894. | 39554. 12...| 40193. | 38963. 19. .. | 40918. | 39156. 26...| 41545. | 40386. 3... J 42136. | 41022. 40327. 10...I 41264. | 17...) 42567. J 41039. 24 ... | 41716. | 38756. 31... | 43633. | 40582. 7... 1 42499. 1 40571. 14...| 42919. J 41058. 21.. .| 43362. | 41498. 28... | 43027. | 41032. 5...| 43636. | 41817. 43506. | 12...J 42217. 19...| 43 845. | 42159. 26... | 43969. | 42744. | NON1 BORROWED i RESERVES 1 PLUS EXT. CR. 42237. J 41036. | | 43964. | 42060. | 41179. | 40700. | 39637. | 39940. | 38643. | 39367. | 39068. | 39467,. 38859. i | 39563. i 38820. | 40339. 1 39838. | 40594. 39100. | | 38848. | 37910. | 37444. | 38325. | 38028. | 39280. | 38595. 1 39771. J 38535. | 40390. | 39908. | 40200. | 39494. | 39704. 39271. J | 39991. | 39554. ] 38963. J 39156. | 40386. | 41022. | 40327. J 41039. | 38756. J 40582. | 40571. J 41058. | 41498. J 41032. i 41817. J 42217. | 42159. | 42744. J REQUIRED J MONETARY | RESERVES | BASE | I | I 1 42694. | | 146. 1 41844. | | 144.3 1 44456. | 146.5 42967. | 143.7 | 42267. | 142.6 | | 41238. | 142.8 40580. | 1 142.0 J 40521. I 142.2 39637. | 140.4 | | 40190. i 142.6 142.2 1 39849. | | 40345. | 142.6 | 39858. 1 141.6 | 40042. | 143.2 | 39292. J 143.5 41130. | | 145.3 | 40716. | 143.8 | 41661. | 144.7 | 145. 1 40514. | 40350. J | 145.0 39596. | | 143.7 | 39588. | 144.1 | 39305. | 145.1 j 39249. | 145. 1 | 40472. | 146.0 | 40030. 1 145.2 | 40802. | 148.0 | 39513. | 147.2 | 41205. | 148.8 | 41214. | 147.9 | 40856. | 147.6 I 40115. | 148.4 | 40428. | 148.8 1 148.4 40643. | 1 40738. j 148.0 | 149.7 40489. | | 40095,. | 149.0 J 149.2 40721. | | 41519. | 149.1 | 41769. J 150.3 | 40723. | 151.2 | 42583. | 151.9 | 41552. | 150.5 | 43274. | 151.9 | 42090. 1 152.6 | 153.6 42622. | | 43257. | 154.1 | 42861. | 153.5 | 43388. | 154.5 | 43140. | 155.5 | 43693. J 156.1 J 157.4 43603. J I I I J I I I 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 J 1 1 1 1 1 1 1 J 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1