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September 1981

Reserves of Depository Institutions
and Member Bank Deposits

Because regulatory changes in reserve requirements cause dis­
continuities in aggregate reserves and monetary base series, historical
data are presented in two forms, one unadjusted for such breaks and the
other break-adjusted.

Tables 1-4 contain observed data (not break-

adjusted) on reserves measures, the monetary base, and member bank de­
posits subject to reserve requirements, while Tables 5-6 present data on
reserves measures and the monetary base adjusted to remove breaks caused
by regulatory changes in reserve requirements.

Weekly and monthly series

are shown on both a seasonally adjusted and not seasonally adjusted basis.
Regulatory variations in reserve requirements have occurred in
association with changes in Regulations D, J,K, and M and with the transi­
tional phase-in of required reserves under the Monetary Control Act of
1980.

For example, before the implementation of reserve requirements on

nonmember institutions under the Monetary Control Act of 1980 on November
13, 1980 Tables 1-4 contain reserve data only for member commercial banks;
thereafter, reserves are shown for all depository institutions.

Thus, in

Tables 1-4, growth rates in reserve series computed across periods that
include such discontinuities do not provide meaningful measures.

For

calculating useful growth rates, and for most other analytical purposes,
the break adjusted series in Tables 5-6 should be utilized.
Several statistical methods are available for removing braaks
in these series.

The Board has adopted a multiplicative method for adjust­

ing historical data that estimates what required reserves would have been




-2-

in past periods had current reserve requirements been in effect.

This

method requires new adjusted historical series each time there is a
change in the reserve requirement structure.

The adjusted series ex­

clude marginal required reserves and reserves held against Eurodollar
liabilities, certain obligations of domestic affiliates, and ineligible
acceptances (finance bills).
Current data, monthly and weekly, actual and adjusted basis,
are published on the Board's H.3 release, "Aggregate Reserves 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.




I.

I.

Description of Break Adjustment Procedures
Historical aggregate reserves and monetary base series adjusted for changes

in Regulations D,J,K, and M including changes associated with the transitional phasein of reserve requirements under the Monetary Control Act of 1980, are constructed
in the following manner:
1.

For the week in which reserve requirements against deposits, net demand or
time and savings, 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" required reserves for the par­
ticular 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 changes 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 Regulations D and M affect­
ing other reservable liabilities (i.e., certain obligations of domestic affili­
ates, ineligible acceptances (finance bills), and Eurodollar liabilities) and mar­
ginal reserve requirements are made by subtracting the sum of such required
reserves from the actual series.




II.

1/

Effective September 1, 1960, the reserve requirement of central reserve
city banks against their net demand deposits was reduced from 18 per cent
to 17-1/2 per cent. This action reduced required reserves approximately
$120 million.

2/

Effective November 24, 1960, the reserve requirement of country banks
against their net demand deposits was increased from 11 per cent to 12
per cent. This action increased required reserves approximately $380
million.

_3/

Effective Decen&er 1, 1960, the reserve requirement of central reserve
city banks against their net demand deposits was reduced from 17-1/2 per
cent to 16-1/2 per cent.
This action reduced required reserves approxi­
mately $250 million.

4/

Effective October 25, 1962, the reserve requirement of reserve city banks
against their time deposits was reduced from 5 per cent to 4 per cent.
This, action reduced required reserves approximately $410 million.

5/

Effective November 1, 1962, the reserve requirement of country banks
against their time deposits was reduced from 5 per cent to 4 per cent.
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 per cent to 5 per cent.
This action increased required
reserves approximately $350 million.

JJ

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 per cent to 5 per cent.
This action increased required
reserves- approximately $70 million.

8/

Effective September 8, 1966, reserve requirement of reserve city banks
against time deposits (other than savings deposits) in excess of $5 million
was increased from 5 per cent to 6 per cent.
This action increased required
reserves approximately $370 million.

9/

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 per cent to 6 per cent.
This action increased required
reserves approximately $75 million.

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 per cent to 3-1/2 per cent.
This action reduced required reserves
approximately $425 million.




III.

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 per cent to 3 per cent. This action reduced required reserves
approximately $425 million.

12/

Effective January 11, 1968, reserve requirement of reserve city banks
against net demand deposits in excess of $5 million was increased from
16-1/2 per cent to 17 per cent. This action increased required reserves
approximately $360 million.

13/

Effective January 18, 1968, reserve requirement of country banks against
net demand deposits in excess of $5 million was increased from 12 per cent
to 12-1/2 per cent. 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 percentage point. This action
increased required reserves approximately $660 million.

15/

Effective October 16, 1969, a 10 per cent marginal reserve requirement was
established on certain foreign borrowings, primarily Euro-doliars, by mem­
ber 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 per cent to 5 per cent. At the same time, a 5 per cent
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 Euro-dollars, by member banks,
and the sale of assets to their foreign branches was raised from 10 per cent
to 20 per cent. This action had little effect on required reserves.

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 deposits held by a member bank, and (2) to
require banks— member 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 required reserves approximately $2.5
billion, effective November 9; $1.0 billion, effective November 16; and
increased required reserves $300 million, effective November 23.

197

Effective June 21, 1973, the Board amended its Regulation D to establish a
marginal reserve requirement of 8 per cent against certain time deposits
and to subject to the 8 per cent reserve requirement certain deposits exempt
from the rate limitations of the Board's Regulation Q. In addition,
reserves against certain foreign branch deposits were reduced from 10 per
cent to 8 per cent. These changes had little effect on required reserves.




IV.

20/

Effective July 12, 1973, reserve requirements were imposed against finance
bills. This action increased required ^reserves 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 reserves approximately $760
million.

22/

Effective October 4, 1973, the marginal reserve requirement against
certain time deposits was increased from 8 per cent to 11 per cent.
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 per cent to 8 per cent. This
action reduced required reserves approximately $360 million.

24/

Effective September 19, 1974, the marginal reserve requirement 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 per cent to 3 per cent; reserve requirement against all time
deposits with an original maturity of less than six months was increased
from 5 to 6 per cent; and reserve requirement against net demand depo­
sits over $400 million was reduced from 18 per cent to 17-1/2 per cent.
In addition, the 3 per cent marginal reserve requirement on large certi­
ficates of deposit with an initial maturity of Jess than four months was
removed. This action reduced required reserves approximately $710 million.

26/

Effective February 13, 3975, reserve requirement against all categories
of net demand deposits up to $400 million was reduced by one-half of 1
percentage point, and reserve requirement 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 Euro-dollars, was reduced from 8 per cent
to 4 per cent. This action reduced required reserves approximately $80
million.

28/

Effective October 30, 1975, reserve requirement against member bank time
deposits with an original maturity of four years or more was reduced
from 3 per cent to 1 per cent. This action reduced required reserves
approximately $360 million.




V.

29/

Effective January 8, 1976, reserve requirement on time deposits maturing
in 180 days to 4 years was reduced from 3 per cent to 2-1/2 per cent*.
This action reduced required reserves by approximately $500 million.

30/

Effective December 30, 1976, reserve requirement against net demand depo­
sits up to $10 million was reduced by 1/2 percentage point, and re.serve
requirement against net demand deposits over $10 million was reduced by
1/4 percentage point. This action reduced required reserves by approxi­
mately $550 million.

31/

Effective November 2, 1978, a supplementary reserve requirement of 2 per­
centage 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
was 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 ($100,000 and over with maturities of less than one
year), repurchase agreements against U.S. government and federal agency
securities, Eurodollar borrowings, and federal funds borrowings from a
nonmember institution. On October 25, required reserves and reserves
held by Edge Corporations were included in member bank reserves. (Pre­
viously reserves held by these institutions were recorded as "other
deposits" by Federal Reserve banks.) These actions raised required
reserves approximately $355 and $320 million, respectively.

33/

Effective March 12, 1980* the 8 percentage point marginal reserve require­
ment was raised to 10 percent. In addition, the base upon which the
marginal reserve requirement is calculated 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 requirement cn
managed liabilities and the 2 percent supplementary reserve requirement
against large time deposits were removed. These actions reduced required
reserves about $3.2 billion.

ib/

Effective November 13, 1980, required reserves of member banks and Edge Act
corporations were reduced about $4.3 billion and required reserves of other
depository institutions were increased about $1.4 billion due to the
implementation of the Monetary Control Act of 1980.




VI.
37/

Effective February 12, 1981, in conjunction with the transitional phase-in
program under the Monetary Control Act, required reserves of certain
nonmember banks and foreign-related institutions increased by approxi­
mately $245 million effective February 18, 1981.

38/

Effecitve March 12, 1981, in conjunction with the transitional 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 institutions increased by approxi­
mately $245 million.

40/

Effective August 13, 1981, in conjunction with the transitional phasein program under the Monetary Control Act, required reserves of certain
nonmember banks and foreign-related institutions increased $245 million.

41/

Effective September 3, 1981, in conjunction with transitional phase-in
program under the Monetary Control Act, required reserves of member banks
were reduced $2.2 billion, and required reserves of other depository in­
stitutions were increased $0.9 billion.




TABLE 1
AGGREGATE RESERVES AMD MEMBER BANK DE? ‘SlVb
S*T ANALLY AT/JJS.E”
ILL IONS O F D O L L A R S
1
1
1
|DEPOSITORY INSTITUTIONS RESERVES!
!
1
_
__
I
I
1
1 HOfETARY I
NONBASE
!
1
I
BORROWED
TOTAL
REQUIRED 1
I
1
1
1
.1
J.
41359.
40356.
41145.
143.2
1979
JAN.•-|
I
1“
143.3
FEB...|
39899.
40 8 7 2 .
40663.
1
\
40750.
MAR...|
39760.
143.9
40592.
1
1
APR...!
144.6
40 6 9 8 .
3 9 781.
40522.
1
1
38901.
40525.
HAY...|
40666.
145.2
1
1
J O H ___|
40531.
39173.
40310.
146.1
1
1
JOL...|
40 7 8 2 .
39612.
147.2
40572.
1
1
40025.
A06...f
4111 0 .
148.6
40888.
1
1
— WED. .. |
41429.
40089.
41238.
149.9
1
!
~OC T . .. |
42199.
40177.
41927.
151.2
1
1
NOV.• • |
4 3 057.
41151.
152.6
42812.
1
1
DEC.•.|
43455.
41982.
43126.
153.6
»
\
■
•
1
1
19 B 0
JAN...|
42201.
43442.
43192.
1 154.7
1
FEB...|
43350.
41695.
43139.
1 155.5
!
BAR...|
40846.
43669.
43483.
1 156.6
1
APR...!
44846.
42391.
1
5
8
.
0
44649.
I
1
44 4 4 $ .
43427.
HAY...|
44267.
1 158.8
1
JON...I
43580.
43959.
43756.
1
5
9
.
1
1
1
JOL...|
4 2 781.
42386.
42497.
1 158.9
1
AOG...|
40090.
40749.
40447.
1
5
8
.
2
1
1
SEP...|
4151 7 .
4020 6 .
159.4
41262.
I
1
OCT...|
4172 7 .
40417.*
41521.
I
1 160.6
NOV...|
4 1 251.
39191.
40730.
1 160.6
1
DEC...|
38437.
40127.
159.5
39659.
1
1
1
1
I
1
1
1981
JAN...|
40060.
38665..
39750.
1 160. 1
I
FEB...|
39 8 8 0 .
38577.
39605.
1 160.4
1
HAR...I
40185.
39186.
39937.
1 161.2
1
APR...|
40 3 2 2 .
38985.
40195.
1 162.2
1
HAY...!
40764.
38536.
40589.
1 163.5
1
40504.
JON...|
40753.
38715.
1 163.7
1
JOL...|
39 3 1 8 .
40747.
40997.
1 164.8
1
AOG...|
41479.
40060.
41278.
1 165.7
1




BILLIONS
MEMBER

BANK

DEPOSITS

OF

DOLLARS

SOBJBCT
PRIVATE

TOTAL

| TI H E AND
1
SAVINGS
TOTAL

61970
617.5
615.4
618.7
616.0
614.7
619.3
625.4
631.5
638.3
642.3
644.5

I
|
|
I
I
|
|
|
|
|
1

43172
432.9
432.3
431.8
429.8
427.6
430.6
436.3
441.7
446.7
450.4
451.2

185.8
182.7
181.2
185.0
184.2
185.0
186.9
187.0
188.1
189.8
189.9
191.5

TO

RESERVE

DEHAND

DEPOSITS

NET
INTERBANK I
1275
10.1
11.4
11.9
11.7
11.2
12.4
12.2
13.3
15.1
14.7
15.4

REQUIREMENTS

!
!
I
I
!
|
!
|
I
I
|
I

OTHER
T t 576
172.6
169.8
173.2
172.5
173.7
174.5
174.8
174.7
174.7
175.3
176. 1

I
~l
I
I
I
I
1
1
I
1
1
1
1

1

0. S.
GOVT
DEHAND
2.0
1.9
1.8
1.9
1.9
2. 1
1.8
2.1
1.7
1.7
1.9
1.8

I
644.1
647.2
649.1
655.4
656.8
658.0
658.5
667.8
678.2
684.7
694.3
701.8

I
|
I
|
I
|
|
|
!
|
|
|

452.3
454.4
457.9
464.2
467.7
467.9
467.0
474.2
482.0
486.7
494.1
504.0

189.5
190.9
189.4
188.7
187.3
188.4
189.1
191.5
194.5
195.6
197.9
195.9

13.6
14.5
15.6
17.2
17.1
16.9
16.6
14.4
15.9
16.5
17.3
17.5

|
|
|
|
I
|
I
|
|
!
|
|

176.0
176.4
173.9
171.5
170.2
171.5
172.5
177.1
178.6
179.1>
180.6 s
178.4

703.8
704.3
703.4
711.3
715.1
720.8
728.2
740.2

|
|
|
|
|
|
|
|

517.5
523.4
524.7
531.1
538.1
545.6
553.8
565.3

184.1
178.8
176.7
177.4
174.7
173.3
172.2
172.6

17.0
17.9
18.1
17.7
17.9
18.2
17.7
17.9

I
|
I
|
!
|
|
1

167.0
160.9
158. 6
159.7
156.8
155.2
154.4
154.7

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1

2.3
1.9
1.8
2.4
1.8
1 .7
2.5
2 .1
1.6
2.4
2.2
1.9
2.3
2.1
2.0
2.8
2.3
1 .9
2.2
2.3

TABLE 1
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
MILLIONS OP DOLLARS
I
1.
|DEPOSITORY INSTITUTIONS RESERVES
1
1
NON\
TOTAL
BORROWED
REQUIRED
1
1
975

976

1977

I978




JAN...1
PEB . . . |
MAR... |
APR...!
HAY...I
JON...I
JOL... |
AUG...1
SEP...|
OCT...|
NO?.•.|
DEC..•|
1
JAM. • • |
PEB...I
HAR...I
APR...!
HAY...!
JUM...I
JUL...I
AUG...!
SEP...I
OCT...I
NOT.••|
DEC...!
1
1
JAM...I
PEB...|
MAR...I
APR...!
HAY...!
JUN...I
JUL...I
AUG...|
SEP...I
OCT...|
MOV...I
DEC...I
•
1
JAN...!
FEB...|
MAR...|
APR...I
MAY...!
JOM...I
JUL...1
AUG...!
SEP...I
OCT...!
MOY...I
DEC...I

BILLIONS
MEMBER
MONETARY
BASE

BANK

DEPOSITS

OP

DOLLARS

SUBJECT
PRIVATE

TOTAL

T I M E AND
SAVINGS
TOTAL

36398.
35 6 3 4 .
35112.
35040.
34734.
34930.
34838.
34755.
3H93U.
34724.
34644.
34666.

35999.
35486.
35006.
34930.
34668.
34703.
34537.
34544.
34 5 3 7 .
34534.
34584.
34536.

* 36251.
35440.
34912.
34883.
34579.
34728.
34651.
34560.
3474 3 .
3U517.
34361.
34400.

107.0
106.6
106.8
106.7
107.1
108.3
108.6
109.2
109.5
109.9
110.5
111.0

489.9
490.4
492.8
492.8
494 . 1
497.4
497.1
498.1
500.3
501.3
505.1
504.9

326.8
327.2
327.6
328.5
328.5
329.6
330.3
330.8
332.6
335.0
336.7
337.5

160. 1
160.9
162.5
161.5
162.9
165. 1
164.2
164.6
165.0
163.5
165.4
164.6

34310.
34259.
34168.
34048.
34230.
34199.
34279.
34367.
34227.
34388.
34771.
34899.

3 4 232.
34178.
34114.
34003.
341 1 6 .
34072.
34147.
34267.
34165.
34293.
34698.
3 4 846.

34070.
34041.
33945.
33893.
34021.
33985.
34045.
34160.
34026.
34168.
34513.
34625.

111.1
111.8
112.4
113.1
114.1
114.5
115.0
115.7
116.1
116.9
117.8
118.3

505.1
507.5
507.6
509.3
509.3
512.8
514 . 1
515.4
516.4
519.8
523.6
528.3

336.9
337.4
338.0
339.5
338.8
342.1
344.0
343.8
345.1
347.3
349.8
353.6

34644.
34468.
34540.
34799.
34906.
34831.
35258.
35511.
35525.
35704.
35889.
36002.

3 4 576.
34396.
34436.
3 4 726.
34 7 0 0 .
34568.
34935.
34450.
34 8 9 9 .
34398.
35028.
35433.

34378.
342 7 0 .
34325.
34607.
34698.
34683.
34984.
35311.
35316.
35494.
35638.
35812.

118.7
119.2
119.8
120.9
121.6
122. 1
123.5
124.3
124.9
125.9
126.8
127.6

531.1
531.6
535.0
538.6
539.7
544.5
548.0
552.9
554.2
558.8
562.5
567.6

36636.
36942.
36714.
36989.
37429.
37754.
38089.
37957.
38170.
38 2 3 8 .
39699.
41160.

36154.
36536.
36386.
36433.
36 2 1 8 .
36660.
3677 2 .
36817.
37110.
36961.
38996.
40292.

36371.
36700.
36515.
368 4 1 .
37210.
37576.
37892.
37789.
37978.
3807 6 .
39477.
40928.

129.2
130.1
130.6
131.5
132.9
134.0
134.9
135.4
136.6
137.4
139.7
142.0

574.0
576.0
580.7
586.2
593.5
596.9
601.2
604.3
607.9
608.9
614.8
616.1

TO

RESERVE

DEMAND

REQUIREMENTS

DEPOSITS

NET
INTERBANK 1

OTHER

TT75
12.2
12.3
12.0
11.7
11.8
11.4
11.6
11.8
11.9
11.9
11.8

!
!
|
|
|
|
!
I
(
I
|
I

148.4
148.7
150.2
149.5
151.2
153.4
152.8
153.1
153.2
151.6
153.5
152.8

165.3
166.7
166.8
167.1
167.8
167.7
167.2
168.2
168.0
169.4
170.4
171.7

11.7
12.2
12.4
11.8
11.9
12.1
11.9
12.1
12.7
12.3
13. 1
13.0

|
|
|
I
!
|
|
!
|
1
|
!

153.6
154.5
154.4
155.2
155.9
155.6
155.3
156.1
155.3
157.0
157.3
158.7

355.6
357.7
359.5
361.6
364.0
367.5
370.2
373.3
374.9
378.2
382.3
385.6

172.5
170.9
172.3
173.3
173.1
174.0
174.9
176.5
176.1
177.5
177.3
178.5

13.7
11.3
11.8
11.8
11.9
12. 1
12.0
12.8
12.0
12.4
11.6
1 2.1

|
|
{
|
!
|
|
I
|
|
|
|

158.8
159.6
160.5
161.5
161.2
161.9
162.9
163.6
164.0
165.1
165.7
166.4

388.3
392.5
396.9
400.8
406.1
408.6
4 11.0
414.9
418.6
419.4
426.0
428.7

182.3
180.4
180.3
182.1
184.3
184.8
185.7
186.3
185.3
186.2
186.5
185.1

12.3
12.5
12.7
13.0
13.3
13.1
13. 1
13.1
11.3
12.0
13.0
12.2

|
|
I
|
f
(
|
I
(
|
!
|

170.0
167.8
167.7
169.1
171.1
171.6
172.6
173.2
174.0
174.2
173.5
172.9

1
I
1
1
1
1
1
1
1
1
»
1
1
I
A
1
1
1
1
1
1
1
1
I
1
1
!
1
|
I
1
1
1
1
1
1
1
1
1
1
1
1
1
I
!
!
1
1
1
1
1
1
1
1
!

O.S.
GOVT
DEMnND
2.9
2.3
2.7
2.8
2.7
2.7
2.7
2.7
2.7
2.8
3.0
2.8
2.9
3.3
2.8
2.7
2.6
3.0
2.8
3.5
3.2
3.1
3.4
3.0
3.0
3.1
3.1
3.7
2.6
3.0
2.9
3.1
3.2
3.0
2.9
3.5
3.3
3.2
3.4
3.3
3.1
3.5
3.6
3.1
3.9
3.3
2.3
2.2

1

TABLE 1
AGGREGATE RESERVES AND 4EH&ER BANK DEPOSITS
SEASONALLY ADJUSTED
BILLIONS OF DOLLARS
I
1
IDEPOSITORY INSTITOTIOKS RESERVES
1
I
NON 1
TOTAL
BORROWED
REQUIRED
1
1

BILLIONS OF
|

HEHBER

HONETARY
BASE
»
1

TOTAL

BANK D E POSITS

I T I H E A ND
|
SAYINGS

JAN,..|
FBB.-.I
MAR,.* |
APR...I
HAT...|
J O N...I
JUL...|
AUG...I
SBP...|
OCT. ... |
NO?...|
DEC*••|

19733.
19669.
19652.
19790.
19753.
19739.
19939.
19953.
20005.
19989.
2 0 130.
20393.

19587.
19503.
19509.
19610.
19593.
19975.
1969 1.
19629.
19687.
19669.
19782.
20061%

19228.
19208.
19218.
19283.
19323.
19317.
19985.
19508.
1 9577.
1 9 587.
19689,.
19903.

51.3
5 1.9
51.6
51.8
52.0
52.1
52.5
52.7
52.9
53.0
53.3
53.8

|
1
I
1
|
|
I
I
I
|
I
|

190.5
191.5
192.5
193*5
198.9
195*7
197.3
198.2
199.9
200.2
201.6
203*7

|
|
|
|
|
I
|
|
|
|
I
|

8 1*1
82.1
83.2
89.1
85.0
85.9
86.7
88.0
89* 1
90.1
91.8
92,9

1969

JAN...|
PEB...I
HAR...|
APR...|
HAT..•|
JON. • • |
JUL.».|
AUG...|
SEP...I
OCT...|
NO?...|
D E C . ..1

20328.
20291.
20390.
2039 0 .
20365.
2098 0 .
20590.
2089 5 .
20961.
21059.
21291.
21279.

20059.
20009.
20062.
20129.
20105.
20212.
20327.
20530.
20616.
20732.
20890.
21010.

19888.
19893.
19959.
19988.
20011.
20106.
2 0219.
20929.
20531.
206 5 6 .
20833.
2 0868.

53.8
53.9
59.2
59.3
58.6
58.9
55.1
55.6
55.8
56.1
5 6.8
56.5

|
I
|
|
1
I
1
|
I
|
|
1

209.5
205*7
206.6
207.5
208.6
209.8
210.5
213.1
218.7
216.0
218.0
219.1

I
I
I
|
I
|
|
|
|
|
(
|

93*5
99.8
95*0
95*8
96.8
97.8
98.6
99.5
100.7
101.7
103.0
108.1

1965

JAN . . . |
FKB...I
HAR. . . \
APR... |
HAT...|
JON...I
J UL..•|
AUG...|
SEP...I
OCT..•|
N O ? . ..}
DEC...|

21296.
21255.
21390.
21612.
21963.
21622.
21777.
21853.
21867.
22032.
22022.
22390.

20996.
20850.
20929.
21191.
20968.
21085.
21299.
21305.
21313.
21599.
21590.
21896.

20831.
208 9 3 .
20979.
21271.
21130.
21260.
21925.
21856.
21957.
21679.
21670.
21917.

56.7
56.9
57.0
57.8
57.8
57.7
58. 1
58.3
58.6
59.1
59.2
59.8

f
I
I
|
|
|
|
1
I
1
I
I

220.1
222.0
223.8
226.5
227.2
228.6
230.9
232.1
233.2
235.5
236.6
238.9

|
|
1
|
|
|
|
I
|
|
I
|

106.0
107.6
108.8
109.9
111.1
112.9
113.8
115.2
116.9
118.6
119.9
121.1

1
JAN...1
FEB...|
HAR...1
APR.••|
HAT...1
JUN...|
JUL...1
AUG...|
SEP...|
O C T...|
NO?...|
DEC...|

22392.
22291.
22292.
22856.
22599.
22530.
22998.
22999.
23370.
23383.
23309.
23389.

21922.
21809.
21731.
21819.
21856.
21823.
22257.
22209.
22601.
22699.
22702.
22857.

21969.
21999.
21950.
22101.
22203.
22178.
22620.
22577.
22999.
23051.
22925.
23050.

60.0
60. 1
60.3
60.7
60.9
61.0
51. 8
61.8
62- 8
6 2.5
62.6
62.9

1
1
|
r
1
|
|
|
1
1
|
1

239.9
280.7
291.6
288.1
296.2
296.2
288.2
287.2
287.5
286.7
285.8
286.8

|
|
|
|
\
|
|
|
|
1
|
1

121.7
122.2
123.0
128.9
126.3
126*8
128-2
128.7
129.1
128.5
127.9
129.1




SUBJECT TO BBSS BYi^REQUIRiiiiTS”
PRI7ATE

TOTAL

1963

19 6 6

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
1
1
1
i
!
1
I
1
1
1
1
1
1
1
1
1
1
1
1
I
r
i

i
i
i
!
1

DOLLARS

DEHAND

DEPOSITS

NET
V INTERBANK

103.9
103.8
1 0 3.9
109.1
109.6
109.2
109.9
105.0
109.9
105.3
106.2
105.9

|
|
|
|
|
|
|
|
|
|
1
|

7.1
7.0
6.9
6.9
7.0
7.0
7.0
6.9
6.9
7.0
6.9
7.1

106*1
106*9
106*3
106.5
106.7
106.9
107.9
108.1
108.6
109.0
109.1
109.1

|
|
|
|
|
|
|
|
|
|
|
|

6 .9
6.9
7.0
7 .1
7.0
6.9
7 .0
7.1
7*1
7.1
7. 1
7.1

109.2
109.2
109.9
109.8
109.3
109.6
110.3
110.9
111.9
1 1 2.1
112.9
113*0

|
|
|
|
1
|
|
|
|
|
|
|

7.1
7 .0
7.0
7. 1
7.0
7.1
7. 1
7.1
7.8
7.8
7.8
7.5

113.8
119.1
118.8
115.7
115 . 1
115.0
118.3
118.0
1 1 8.8
113.8
113 . 8
118.1

|
|
|
r
|
1
|
{
|
|
f
|

7*6
7.5
7 .8
7.8
7.8
7.7
7.9
7.6
7.6
7.5
7.5
7.6

~

1

“l
OTHER
1
96.1 " 1
96.9
1
96.9
1
97.2
1
97.6
1
97.1
1
97.9
1
98. 1
1
98.0
1
98.3
1
99.3
1
98.8
1
1
99.2
1
99.5
1
99.3
1
99.8
1
99*7
1
99.5
1
100.9
1
101.0
1
101.5
\
101.9
1
102.0
1
102. 1
1
■
1
102.2
1
102. 1
1
102.9
1
102.7
1
10*1.3
1
102.5
1
1C 3- 2
1
103. 3
1
108.0
1
108.7
1
105.0
1
105.5
1
1
106.2
1
106.6
1
107.0
1
107 . 9
1
107.2
1
107. 3
»
106.8
1
106.8
1
106 . 8
1
1 0 6.2
1
106. 3
\
106 . 5
1

O.S.
G07T
DEHAND
5.5
5 .6
5.4
5.2
5.3
5 .6
5.7
5.3
5.8
4.8
4.0
5*4
4 .8
4.9
5.3
5.3
5.1
5.5
4.9
5.6
5.8
5*3
6.0
5.9
4.9
5.2
5.6
6.8
6.7
6.6
6.4
6.5
4.9
4.8
4.4
4.8
4.3
4.5
3.7
3.5
4.7
4.5
5.6
4.4
4.0
4.4
4.1
3.7

TABLE 1
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
1

MILLIONS O F DOLLARS

|DEPOSITORY
1
1
1
TOTAL
1
1
' 19 5 9 ” JAH...I
FEB...1
RAR...I
APR...|
HAY...|
JOM . . . I
JUL.••|
AUG...I
S E P ...I
OCT...|
MOV.••|
DEC...|
1
1960
JAN . . . |
FEB. . . 1
MAR...|
APR.••|
HAY...I
JUN...|
JOL...|
AOG...I
SEP. • . \
OCT...I
NOV...|
DEC. . . \

18611.
18665.
18622.
18676.
18611.
18500.
18688.
18776.
18711.
18610.
18598.
18607.
18531.
18297.
18197.
18169.
18277.
18339.
18515.
18675.
18692.
18761.
18969.
18919.

1

1961




1962

JAN . . . I
FEB...I
MAR..• |
APR...!
NAY...!
J O N..*!
J O L...I
AOG...|
SEP...!
OCT...|
NOV...!
DEC...|
1
JAN...|
FEB...1
HAR...I
APR...|
MAY...!
JON . . . !
J O I...!
AOG.. . |
SEP...I
OCT...!
NOV...|
DEC...I

INSTITUTIONS
1
NON1
1 BORRONBD
I
|
!
1
!
1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
I
1
!
■

18060.
18160.
18022.
17989.
17870.
17571.
17727.
17786.
17785.
17703.
17739.
17666.

1
!
I
*
1
1
t
I
I
1
1
1
1
1
1
1
!
!
1
1
!
1
!
!
1

18962.
18911.
18889.
18939.
18899.
18960.
19051.
19267.
19900.
19599.
19669.
19630.

17699.
17987.
17556.
17558.
17781.
17909.
18136.
18379.
18927.
18599.
18831.
18890.

1

19027.
19099.
18959.
18991.
18939.
19023.
19105.
19333.
19937.
19665.
19762.
19769.
19793.
19679.
19709.
19895.
19951.
19929.
20039.
2002 9 .
20120.
20168.
19529.
19716.

19706.
19612.
19615.
19773.
19890.
19827.
19993.
19909.
20039.
20105.
19909.
19956.

1
1
!
1
1
1
!
1
1
!
t
1
1
1
I
1
1
»
1
1
1
I
1
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
!

B I L L I O N S OF D O L L A R S

RESERVES!

1
I
1 REQUIRED
1
|
1
1
1
1

|

MONETARY
BASE
|

18119.
18211.
16161.
18295.
18190.
18099.
18272.
18328.
18269.
18169.
18159.
18101.

|
|
|
|
|
|
|
|
1
|
|
|

4875
48.1
48.1
48.1
48.3
48.2
48.4
48.6
48.4
48.3
48.3
48.3

18018.
17893.
17779.
17738.
17832.
17859.
18019.
18132.
18015.
18099.
18222.
18170.

|
|
|
|
!
|
|
|
|
|
|
!

48.3
48.0
4 7.9
47.9
48.1
48. 1
48. 3
48.4
48.4
48.6
48.7
48.7

18256.
18395.
18919.
18375.
18389.
18933.
16990.
18753.
18858.
19133.
19170.
19180.

|
)
I
|
|
|
|
|
!
|
|
|

48.8
48.8
48.7
48.7
48.7
48. 8
49.0
49.3
49.5
49.9
50.0
50.2

19170.
19177.
19232.
19353.
19939.
19956.
19500.
19999.
19630.
19691.
18973.
19149.

|
|
|
|
|
|
!
|
|
|
|
|

50.3
50.2
50.4
50.7
50.8
50.9
51.1
51.2
51.3
51.4
50.9
51.2

l
\
1
I
1
1
■
|
1
1
1
1
!
!
1
1
1
!
1
!
1
1
1
1
1
1
1
!
1
1
1
i
1
1
1
1
1
1
!
!
1
1
1
1
1
1
1
1
1
1
1
\

1
1
1
1
1
1

MEMBER

TOTAL

BANK

1
1 T I M S AND
1 SAVINGS
1

1
1
1
1
•

{
!
1
I
1
1
1
J
!
1
!
1
1
!
1
!
1
!
1
1
1
1
!
1
1
I
1
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
I
!
1
!
1
1
1
I

\~
1
1
1
!
1
1
1
1
1
1
1
I
1
1
1
1
1

1

15775"
158.1
157.8
158.6
158.7
158.1
1 59.1
159.6
159.1
158.2
158.0
157.8
157.2
156.5
156.4
156.2
157.3
157 . 7
159.1
160.6
161.2
161.8
162.6
162.2
163.1
165.6
166.2
166.5
167.6
168.4
1 6 9.1
171.3
172.5
174.5
175.1
175.4
175.9
177.3
178.7
180.2
181.7
182.5
183.2
183.8
185.2
186.8
187.2
189.1

DEPOSITS

5375
53.8
53.9
54.1
54.3
54.5
54.4
54.4
54.4
54.3
54.4
5 4.4
54.0
53.7
53.7
54.0
54.2
54.5
55.2
56.0
56.8
57.5
58.2
58.9
59.3
60.5
61.3
62.1
63.1
63.8
64.6
65.3
66.0
66.7
67.4
67.8
68.7
70.0
71.4
72.5
73.2
74.4
75.2
75.9
*6.9
77.9
7 j.8
*0.1

1
1
1
!
1
!
a
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
t

1
\

!
\

!
!

SUBJECT TO RESERVE REQUIREMENTS
PRIVATE

TOTAL

DEMAND

DEPOSITS

NET
| INTERBANK

!
U.S.
GOVT
DEMAND

OTHER

|

|
(
|
!
|

674
6.6
6.6
6.6
6.6
6.6
6.6
6.5
6.6
6.5
6.3
6.5

9375
93.3
93.6
93.4
94.0
94.1
94.4
94.5
93.6
93.1
93.0
92.1

|
|
t
|
|
|
|
|
I
|
|
|

377*""
4.4
3.7
4.4
3.7
2.9
3.7
4.1
4.5
4.2
4.2
4 .8

98.8
98.7
98.5
98.3
98.2
98.2
98.6
99.6
99.6
99.3
99.2
98.8

|
!
!
|
V
|
f
|
|
|
|
|

6 .4
6.3
6.3
6.4
6.4
6.6
6.6
6 .8
6.8
6.8
6.8
6.8

92.4
92.3
92.2
91.9
91.8
91.6
91.9
92. S
92.8
92.5
92.4
92.0

|
I
|
|
|
!
|
|
|
|
|
!

4.4
4.2
4 .2
3.9
4.9
4.9
5 .3
5 .0
4.9
5.1
5.2
4.6

99.3
100.1
100.5
100.8
101.3
101.4
101.4
101.8
101.9
102.2
102.5
102.7

!
!
|
|
|
|
|
t
|
!
I
|

6.8
6.9
7.0
7.0
7.1
7 .1
7.0
7.1
7.0
7.1
7.1
7.3

92.5
93.2
93.5
93.8
94.2
94.3
94.4
94.8
95.0
95.1
95.4
95.4

|
|
I
|
|
|
|
|
|
|
!
|

4 .5
4.9
4.4
3.6
3.2
3.2
3.1
4.1
4 .5
5.6
5.2
4.9

102.7
102.7
102.6
102.9
102.9
*02.6
*02.7
102.5
102.4
102.7
103.1
103.3

|
|
!
|
|
I
!
!
|
|
|
|

7.3
7.1
7.1
7.2
6.8
6.8
6.9
6.8
6.8
6.9
7.0
6 .9

95.4
95.5
95.4
95.7
96.1
95.8
95.8
95.7
95.6
95.8
96.1
96.4

|
|
|
|
|
|
|
1
|
|
|
|

4.5
4.7
4 .8
4.8
5 .6
5.5
5.3
5.3
6.0
6.2
5 .3
5.7

9975
99.9
100.2
100 . 1
100.7
100.7
101.0
101 . 1
100.2
95.6
99.4
98.6

|
!
(
|
|
|

1

TABLE 1
AGGREGATE RESERVES AND HEHBEP BANK DEPOSITS
SEASONALIY ADJUSTED
BILLIONS OF DOLLARS
1
1
|DEPOSITORY INSTITUTIONS RESERVES
1
1
NON1
TOTAL
REQUIRED
BORRONED
\
1
“ l97 l “ ~ j a n 7 7 7 i ““ 2 9 3 6 9 7 ““
FEB...|
29731.
(TAR... |
29852.
29868.
A P R...I
HAT...|
30209.
30358.
JON...|
30587.
JOL...|
AOG...|
30789.
31199.
SEP...|
O C T . . .(
30908.
NOT...|
31103.
DEC...|
31276.
1972

1973

1979




JAN...(
F E B . ..1
HAR...J
APR...I
H A T . •.1
JON...I
JOL..•|
A U G . . •1
SEP. . . |
OCT. . . |
NOT...|
DEC...|
1
1
JAN...|
F E B ...|
RAR...T
APR . . . |
JTAY...I
JON..•|
JUL...I
AUG...|
SBP...1
OCT. . . \
N O T . ..(
DEC...I
i
1
JAN...|
FEB...|
HAR...|
APR...f
HAT...t
JUN...1
JUL...I
AUG...|
SEP...|
OCT...|
NOV...|
DEC...|

BILLIONS OF

(I3NETART
BASE

290017
29399.
29533.
29719.
29925.
29866.
29769.
29975.
30650.
30551.
30720.
31150.

29135.
2997 6 .
29657.
29700.
29990.
3015 7 .
30903.
30588.
30955.
30796.
30866.
3 1099.

§573
81.0
81.9
81.8
82.9
82.9
83.7
89.1
89.8
89.8
85.1
85.6

31708.
31851.
32101.
32950.
32580.
32857.
33039.
33982.
33927.
33879.
32078.
31398.

31686.
31818.
32003.
32332.
32969.
32757.
32801.
33095.
32886.
33329.
31969.
30398.

315 0 2 .
3169 9 .
319 1 1 .
3229 9 .
32991.
32655.
3 2896.
33299.
33215.
33668.
31729.
3111 9 .

86.3
86.8
87.5
88.0
88.9
89.0
89.6
90.3
90.7
91.6
90.3
90.2

31673.
31695.
32121.
32187.
32215.
32503.
33913.
39082.
39339.
35039.
39986.
39980.

30513.
30102,.
30297.
30975.
30373.
30653.
31960.
31917.
32987.
33563.
33593.
33681.

3191 5 .
31998.
319 1 2 .
319 6 9 .
320 7 7 .
32286.
3 3 130.
33910.
39109.
3 9786.
39761.
39676.

90.8
91.2
92.0
92.6
93.0
93.8
95.0
96.0
96.7
97.7
98.1
98.6

35299.
35286.
35270.
35788.
36369.
36800.
37202.
37370.
37907.
36992.
36918.
36663.

39298.
39099.
33956.
39052.
33799.
33799.
33901.
39039.
39125.
35129.
35666.
35936.

35136.
3510 1 .
35136.
35607.
3622 9 *
3 6602.
37039.
37182.
37227.
368 2 2 .
3 6713.
36905.

99.5
100.0
100.6
101.6
102.8
103.6
109.3
105. 1
105.7
105.9
106.5
106.8

1
1
1
1
1
1

HIb h b e p “ b A N K “ 5 i p o s i T s “ su5ji BCT T O

TOTAL

" |“ “ 3 2 6 7 T “
331.7
1
335.8
1
3
38.9
1
391.9
1
399*1
1
397.3
1
399.5
1
351.6
1
353.5
1
355.8
1
361.1
1
1
1
363.9
1
367.1
1
371.2
1
373.1
1
3
77.0
1
379* 5
1
383.5
1
387.5
1
390.9
1
395.1
1
399.2
1
902.8
1
1
905.7
1
910.7
1
9
17.2
1
919.7
1
923.5
1
926.7
1
929.9
1
936.5
1
938.9
1
990.8
1
990.5
1
993.9
1
1
1
I
1
1
1
\
1
1
1
I
1
1

DO]LLARS

998.2
999.8
951.6
959.5
965.9
970.2
979.1
978.1
980.8
981.3
983.3
987.2

1
1 TINE AND
SAVINGS
1
|“ “ ? 8 j 7 5
187.3
1
191.7
1
193.2
1
1
95.2
1
197.2
1
199.3
1
200.2
1
202.3
1
205.5
1
208.1
1
211.9
1
1
1
213.6
»
216.3
1
217.9
1
2
19.3
1
222.0
1
229.7
I
227.3
1
1 230.6
233.9
1
235.7
1
239.6
1
292.3
1
1
299.1
1
2.99.0
1
2
55.9
1
260.0
1
263.2
1
265.1
I
268.6
1
276.0
1
278.9
1
278.6
1
278.9
1
280.9
1
f
283.1
1
286.3
1
2
87.8
t
295.3
1
301.5
i
305.8
1
310.1
1
315.0
1
317.2
1
318.6
1
3
19.9
1
323.9
1

RESERVE

PRIVATE DEHAND

TOTAL

REQUIRENENTS

DEPOSITS

NET
INTERBANK

OTHER

U.S.
GOVT
DEHAND

137.9
138.6
139.8
190.1
1 9 1.7
192.2
192.3
192.8
192.9
192.9
193.6
193.8

11.2
11.7
12.1
12.0
12.2
12.1
12. 3
1 2.3
1 2.9
12.8
12.9
12.3

“ “ 12672
126.9
127.7
128.1
129.6
130.1
130.1
130.9
130.5
130.2
130.7
131.6

199.3
195.6
197.6
197.5
1 98.9
199.0
150 . 3
151.3
152.0
153.0
153.0
159.9

12. 0
12.7
11.6
10.5
1 0.8
10.9
10.9
11.0
10.9
11.0
9.8
9.7

132.9
132.9
136.0
136.9
137.6
1 3 8.1
139.9
190.2
191.1
192.1
193.2
199.7

5.9
5.2
6.1
6 .3
6.6
5.8
6.0
5.6
5.0
6.9
6.7
6.1

155.1
159.8
153.9
153.3
159.8
155.9
156.2
156.3
155.8
156.7
157.9
158.2

9.1
9.2
9.0
9.2
9.6
9.5
9.6
9.7
9.7
9.7
10.1
10.2

196.0
195.6
199.9
1 99.1
195.3
196.9
196.6
196.6
196.2
197.1
197.3
197.9

6.5
7.0
7.9
6.9
5.9
5.8
5.1
9.2
9.2
5.5
9.2
9.8

158.7
158.9
1 5 9.2
159.8
159.5
1 5 9.9
159.7
159.2
159 , 5
159.5
1 6 0.3
160.6

10.6
10.9
10.7
1 1.5
11.5
12.1
11.8
11.0
11.1
11.9
11.2
12. 2

198.1
198.5
198.5
198.3
197.9
197.8
197.9
198.2
198.9
198. 1
199.1
198.9

6.3
9 .6
9.6
9.9
5.0
9.5
9 .2
3.9
9.1
3.2
3.0
3.3

575“ “
5.7
9.2
5.1
9.9
9.5
5.6
6 .5
6.9
5.1
9 .2
5.8

TABLE 1
AGGREGATE RESEPVES AND BERBER BANK DEPOSITS
SEASONALLY ADJUSTED
BILLIONS OP DOLLABS
1
1
—
1
| D E P O S I T O R Y I N S T I T O T I O N S RESERVES!
I
MONETARY
I
1
1
BASE
NON!
1
1
TOTAL
!
1 BORRONED I REQUIRED |
I
1
1
” ? 9 6 7 ” “ J A 57771
PEB...1
M A R.:.|
A P R ...|
R A Y ... 1
JON . . . |
JOL. . . |
AUG. . . |
SEP...|
OCT...1
NOV...|
D E C...|
1
196 8
JAN...I
P E B ...|
HAB...I
APR.••|
HAY...|
JON...|
J U L...|
AUG . . . |
SEP...I
OCT . . . I
N0?...|
DEC...|
■
1969

1970




JAN...|
FEB . . . |
RAR...I
A P R . ••1
RAY.• • |
JUN...I
JUL...I
A0G...1
S E P ...1
OCT...|
NOV...|
DEC..•|
A
1
JA N . . . |
PEB . . . I
BAR . . . |
APR...|
HAY...I
JUN. . . I
J O L ...|
AOG.• • |
SEP...I
OCT.. . |
NOV.• • |
DEC.. . |

236557
23783.
23458.
23416.
23392.
23543.
2 3 997.
24043.
24351.
24727.
24840.
24913.
25337.
25 5 9 7 .
25 6 5 8 .
25522.
2558 6 .
25773.
26186.
26311.
2 6 361.
26616.
26864.
2 7 177.
27213.
2 7 154.
26900.
2 7 078.
27715.
27523.
27 1 3 1 .
27205.
27305.
27361.
27 8 5 6 .
28065.
27945.
2 7 783.
2 7 658.
28100.
27825.
2782 6 .
28164.
2868 7 .
29060.
28733.
28823.
29222.

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
1
1
1
1
1
1
1
I
1
1
!
1
1
1
1
1
1
1
1
1
1
1
1
1

232457”“ !
23419.
1
23258.
1
23269.
1
23302.
1
23437.
1
23882.
1
23962.
1
24263.
1
24599.
1
24709.
1
24685.
1
1
25090.
1
25224.
1
24998.
1
24837.
1
24845.
1
25079.
1
25659.
1
25747.
1
25858.
1
26173.
1
26319.
1
26431.
1
1
26477.
!
26319.
1
25998.
1
26075.
1
26341.
1
26139.
1
25879.
1
25986.
1
26225.
1
26211.
1
26654.
1
26947.
1
1
26986.
1
26703.
1
26760.
1
27255;
1
26857.
1
26945.
1
26805.
1
27850.
1
28460.
1
28270.
1
28408.
1
28889.
1

B I L L I O N S OP D O L L A R S
|

BERBER

BANK

DEPOSITS
!

|

TOTAL

S UBJECT TO
PRIVATE

| T I N E A ND
|
SAVINGS
|

TOTAL

RESERVE

DEHAND

REQUIREMENTS

DEPOSITS

NET
INTERBANK |

OTHER

|

|

U.S.
GOVT
DEMAND

23251.
23414.
23044.
23065.
23027.
23191.
23579.
236 7 8 .
2400 9 .
24392.
24482.
24537.

|
|
|
|
I
|
|
|
|
|
|
|

6374
63.7
63.5
63.6
63.7
64.0
64.6
64.8
65.4
65.9
66.1
66.5

|
1
I
|
|
I
|
|
t
|
|
|

249.9
252.9
255.9
258.4
259.9
261.9
265.7
267.8
270.8
273.7
275.4
276.3

|
|
|
|
|
I
|
!
(
<
|
|

131.5
133.9
135.7
137.5
139.0
141.1
143.1
144.6
146.2
146.9
148.2
149.3

!
|
1
I
I
|
|
|
(
|
|
|

113-9
114 . 9
116.1
115.5
116.6
117.8
118.5
119.5
120.0
120.8
1 2 1.3
121.5

7.7
7.7
7.7
8.0
7.8
8.1
8.0
8.1
8.2
8.3
8.3
8.4

|” ” ? 0 6 l 2
|
107.1
I
108.5
I
107.5
|
108.8
1
109.7
|
110-6
|
111.3
|
111.8
|
112.5
|
113.0
|
113.1

1
|
|
|
|
|
|
1
|
|
|
|

475
4.2
4 .0
5.4
4 .3
3.0
4.1
3.7
4 .7
5.9
5.9
5.4

2 4950.
2 5210.
25321.
25187.
25226.
25444.
25835.
25982.
26000.
26371.
26556.
26751.

|
|
|
|
|
|
|
|
1
|
|
|

67.2
67.6
68.0
68. 1
68.4
68.9
69.5
69.9
70. 3
70.7
71.4
72.0

|
|
|
I
|
I
!
I
|
|
I
|

277.2
278.9
280.2
279.5
280.5
281.8
285.4
288.3
291.0
294.4
296.9
300.4

|
|
|
t
|
|
|
|
|
|
I
|

149.7
150.9
151.6
151.6
152.0
152 . 1
154.3
156.5
158.6
160.8
162.8
164.9

|
I
!
I
|
|
|
I
1
!
|
|

122.2
122.5
123.1
123 . 4
124 . 5
125.5
126.4
127.0
127.2
128.0
129.3
130 . 6

8 .6
8.5
8.6
8.6
8.7
8.9
9.0
9.0
9.1
9. 1
9.1
9.2

|
|
I
!
I
|
)
1
|
|
1
1

113.6
113.9
114.5
114.8
115.7
116.6
117 . 3
117.9
118.1
119.0
120.2
121.3

|
|
|
|
|
|
|
|
|
|
1
|

5.3
5.5
5 .5
4.5
4.1
4.2
4.8
4.8
5.2
5.6
4.7
4 .9

2 6966.
26900.
2668 1 .
2 6912.
2 7460.
2721 9 .
2 6 906.
2 6968.
27031.
27198.
2 7627.
2 7779.

|
|
|
|
|
1
|
|
|
|
|
|

72.2
72. 4
72.3
72.6
73.5
73.6
73.4
73.8
74.0
74.4
75.2
75.6

|
|
|
I
I
I
!
|
|
I
|
|

299.3
298.4
296.3
297.4
297.4
295.4
292.1
287.5
287.7
286.1
288.3
288.0

|
|
|
|
|
|
I
|
|
|
I
|

163.0
161.8
161.0
160.6
159.8
158.3
155.9
152.5
151.7
150.8
150.5
150.7

1
|
|
1
|
|
1
|
|
|
|
|

131.3
131.7
131.7
131.5
131.8
132 . 3
131.8
131.5
131.5
131.7
132.3
132.1

9.1
9.3
9.3
9; 1
9.8
9.9
9.6
10.3
10.5
10.3
10.7
10. 8

|
|
|
|
1
|
|
!
I
!
1
|

122.2
122.4
122.3
122.4
122.0
122.3
122.2
121.2
121.1
121.4
121.6
121.3

|
|
|
|
|
|
|
|
|
!
|
|

4.9
4.9
3.7
5.3
5.8
4.8
4.5
3.5
4.5
3.7
5.5
5.2

27772.
27575.
27496.
2 7949.
2766 7 .
27636.
27998.
28513.
28816.
28528.
2 8590.
28973.

|
|
|
|
1
|
|
|

75.7
75.7
75.8
76.5
76.8
76.9
77.5
78.3
78.8
78.8
79. 1
79.8

|
|
|
|
|
|
|
|
|
|
|
|

287.3
285.6
289.0
292.6
292.2
293.8
300.3
305.9
310 . 1
313.6
316.8
321.7

|
|
|
|
1
|
|

149.1
149.0
150.6
153.5
154.6
1 5 5.4
161.3
165.5
169.7
72.8
.75.6
179.4

|
|
1
|
|
1

133.5
1 3 1.7
133.0
134.0
133.7
132 . 9
133.3
134.1
134.6
135.2
135.4
136.1

10.3
10.5
10.5
10.8
10.3
9.6
1 0.2
10.3
9.9
10. 4
10.4
1 0.7

|
1
|
|
|
|
|
|
|
|
|
I

123.2
121.2
122.5
123.3
123.3
123.3
123.2
123.9
124.6
124.8
125.0
125.4

|
|
|
|
|
|
|
|
|
|
|
|

4.7
5.0
5.4
5 .0
3.9
5.6
5.6
6.2
5.9
5.6
5.9
6.2

|

|
|
|

!
|

1
|
|

{

i
|
I
1
1

AGGREGATE

TAELE 2
R E S E R V E S A MD H E H B E R B A N K
HOT SEASONALLY ADJUSTED

BILLIONS

BILLIONS OF DOLLARS
1
1
1
1
| D E P O S I T O R ! I N S T I T U T I O N S RESE R V E S I
1
t
1
1
1 HONETARY
NONBASE
1
t
1
R
E
Q
U
I
R
E
D
T
O
T
A
L
B
O
R
R
O
N
E
D
1
1
1
1
I
1
" 1 9 7 1 ” “ 3 I i777i
PEB...I
HAR...I
APR...I
HAY...I
J U N ...I
JUL...|
AUG...I
SEP..•|
OCT...I
HOV...1
DEC...|

30939.
29900.
29680.
29910.
30327.
30099.
30566.
30952.
30783.
30812.
30927.
31395.

JAN* •• |
PEB...I
H A R ___ |
APR...|
HAY...|
J U N ...|
JOL . . . 1
AUG...1
SEP...1
OCT...|
NOV...|
DEC...|
1
1
J A N . .. |
PEB...|
HAR. . . [
APR...f
HAY...|
JO N . . . |
J O L ...J
AUG... 1
SEP...)
OCT...I
NOV...|
DEC...|
■
1
J A N ...|
PEB...I
HAR...|
A P R . .. |
HAY...\
JUN...|
JUL...|
AUG...|
SBP...I
OCT...|
NOV...|
DEC...I

32890.
31993.
31880.
32580.
32893.
32591.
33069.
33079.
33050.
33769.
31812.
31915.

1972

1973




1974

32859.
31739.
31R91.
32399.
32913.
32187.
3398 3 .
33712.
39006.
399** 2.
39767.
35108.
36581.
35235.
39925.
359S3.
36985.
36957.
37323.
37091.
37067.
36879.
36776.
36861.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
i
1
1
1
1
1
1
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
I
1

30079.
29568.
29362.
29756.
30093.
29601.
29792.
29693.
30288.
30955.
30593.
31219.

30205.
29695.
29985.
29792.
30107.
2989 2 .
30381.
30256.
30599.
30650.
30690.
31163.

3286931911.
31782.
32963.
32732.
32991.
32826.
32691.
32508.
33209.
31209.
30365.

32689.
31791.
31690.
32929.
32709.
32338.
32871.
32891.
32838.
33553.
31958.
31131.

31699.
30190.
30067.
30638.
30571.
30336.
31531.
31598.
32159.
33966.
33375.
33810.

32601.
31536.
31681.
32126.
32275.
31970.
33200.
33590.
33775.
3 9 689.
39593.
39809.

35530.
39099.
33611.
39217.
33895.
33951.
39022.
33705.
33785.
35061.
35529.
36139.

36919.
35051.
39791.
35771.
36325.
36259.
37161.
36852.
36886.
36759.
36571.
36603.

|
1
1
1
1
I
1
1
1
1
\
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
I
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1

5773
80.6
80.7
81-5
82.9
82.7
89.1
89.0
89.3
89.6
85.3
86.6
87.2
86.2
86.7
87.8
88.5
88.8
90.0
90. 1
90.2
91.9
90.9
91.3
91.7
90.9
91.2
92* 5
93.1
93.7
95.5
95.8
96.2
97.9
98.3
99.9
100.9
99.2
99. 7
101.6
102.8
103.5
105.0
105.0
105. 2
105.6
106. 9
1 0 8.3

DEPOSITS

1
1
1
1
1
1
V
I
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
I
1
1
1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1

HEHBER

TOTAL

“33077*““
330.9
339.6
339.8
390.9
393.1
396.7
397.1
350.9
353.0
359.9
369.6

BANK

1
1 T I H E AND
SAVINGS
1
1

1
1
1
1
A

l“ “ 1 8 2 7 5
187.1
1
192.3
1
193.6
1
195.8
1
197.6
1
198.9
1
200.8
1
2
02.7
l
205.9
1
206.9
1
209-7
1

I
1
1
1
1
1
1
1
1
1
1
t
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
t
I
1
I
1
l
1
1

1
368.6
365.7
370.2
375.3
377.0
378.6
383.2
389.5
389.6
399.1
396.9
906.8
910.9
909.0
916.3
922.3
923.0
926.3
929.9
933.7
937.7
939.7
938.2
997.5
953.0
997.1
950.9
962.5
969.7
970.0
979.3
975. 1
979.7
980.5
981.2
991.8

DEPOSITS

1
•
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
1
1
1
1
1
1
1
1

213.9
215.9
218.1
219.8
223.1
225.2
227.1
231.3
233.8
236.2
237.7
290-6
293.9
298.5
256.2
260.5
269.5
265.9
268.6
276.5
278.9
2/8.8
276.6
2/8.5
283.1
285.7
288.7
296.2
303.0
306.9
310. 1
315.3
317.2
318.6
317.9
321.8

OP

DOLLARS

SUBJECT TO
PRIVATE

TOTAL
19272’
136.8
137 . 8
191.5
138.9
190.9
192. 1
190 . 6
191.9
192.7
199.3
199.2
199.2
193.7
195.5
199.C
195.1
197.8
150.1
1 9 9.0
150. €
152.5
153 . 7
160.1
160.0
152.9
151.6
159.9
151.9
159.8
156.2
159.0
159.7
156.1
158.3
169.0
163.9
156.3
156.9
161 . 5
155.6
158.9
1 6 0.0
157.0
158.3
159.1
161.9
1 6 6.6

1
1
A
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
J
r

1
1
1
1
1
i

1
1
1
1
1
»

1
1
1
1
1
1
1
1
»

1
1
t

1
1
1

RESERVE

DEHAND

DEPOSITS

NET
1
INTERBANK)
. 1_
11.8
1
11.7
I
11.7
1
11. 9
1
11.5
1
11.7
1
12.7
!
12. 1
1
12.2
1
13.1
1
13.2
1
1
12. 7
1
*2.6
1
1
12.6
-1.3
!
#
*0.9
10.2
i
10.5
i
*1.3
1
10.8
i
•0.8
1
11.2
i
1
•0. 1
10.0
i
11
9.5
1
9.1
1
8.7
1
9.1
1
9.1
1
9.2
i
9.9
1
1
9.9
9 .5
i
1
9.8
10.9
1
10.6
i
11.2
10. 3
10.5
11.5
10.9
11.9
12. 1
1 0.7
10.9
11. 5
11.5
12.7

REQUIREHENTS

1
1
1
!
1
1
1
1
1
1
1
!
1

1

~l
OTHER
1
73075
125. 1
126 . 0
129.6
127.0
129.2
129.9
128.5
129.7
129 . 6
131. 1
136 . 5
136 . 6
131.1
134.2
138.6
1 3 4.9
137.3
138 . 8
138.1
140.1
141-4
1 4 3.6
150. 1
150.4
143 . 3
142.9
145.8
142.4
145.5
146.3
144.5
1 4 5.2
146.3
147.9
153 . 4
152 . 3
146.0
146.4
150. 1
144.7
147.1
147 . 9
1 4 6.2
147.4
147.7
149.9
153.9

~ r

1
1
\

1
1
1
1
1
1
1
1
1
1
1
1
1
1
»

1

*

1
11
1
1
1
1
1
1
•

1
1
1
1
1
1
1
1
1
1
1
i

1
i

1
1
1
1

u.s.
GOVT
DEHAND
57?““
7.0
4.5
4 .7
6.7
4.4
5 .7
5.8
6 .3
4.3
3.2
5.7
6-0
6.1
6-6
6.5
8.8
5.7
6.1
4.3
4 .9
5.4
5.1
6.1
6.6
8.1
8.5
6.8
7.0
5 .6
5.1
3.1
4.1
4 .8
3.2
5.0
6.5
5.1
4.9
4.8
6.1
4.7
4.1
2.9
4.2
2.7
2.4
3.5

-J

TABLE 2
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
|

1967

1968




BILLIONS

M I L L I O N S O F DOlLIARS

| D E P O S I T O R Y ^ ? N S T I T O T I O l IS R E S E R V E S
1
1
NON1
BORROWED
TOTAL
REQUIRED
1
1
1
23698.
24101.
23692.
JAN...|
23351.
23720.
23357.
FEB...|
23175.
22961.
23375.
MAR...|
23265.
23061.
23411.
APR...|
23183.
23272.
22908.
HAY...|
‘23104.
23351.
23456.
JON...|
23554.
23857.
JOL...|
23972.
AUG.•.|
23764.
23398.
23683.
SEP...!
24181.
24093.
23839.
24537.
24330.
OCT...|
24666.
NOV...|
24558.
24331.
24689.
25064.
24916.
DEC...|
25291.
1
25448.
25589.
25835.
JAN...!
25598.
25225.
25211.
FEB...I
MAR...!
24904.
25226.
25563.
24938.
25287.
APR.• • |
25623.
24699.
25080.
HAY...!
25440.
JUN...|
24990.
25684.
25356.
JUL.• • |
25521i
26049.
25698.
AUG...|
25454.
25690.
26019.
25550.
SEP...|
26054.
25692.
OCT...|
26195.
26638.
26392.
26224.
26461.
NOV...I
26 7 6 9 .
DEC...|
26446.
26766.
2 7 192.
a

[

OF

DOI .LARS

S i H B E R ^ B A N K ~ 5 i P O S I T S ” SOB J I ICT T O

MONETARY
BASE

PRIVATE
)

TOTAL

T I M E AND
SAVINGS

RESERVE

DEMAND

REQUIREMENTS

DEPOSITS

!

63.8
63.2
63.0
63.2
63.3
63.9
64.8
64.6
65.2
65.8
66.3
67.8

|
!
|
(
|
|
!
!
|
|
)
|

253.2
252.4
255. 3
258.5
258.7
261.2
265.6
266.0
269.8
273.7
274.5
278.5

131.1
134.0
136.3
137.9
139.4
141.3
143.1
145.2
146.0
146.9
147.6
148. 1

118.4
113.9
114 . 7
116.4
113.4
116.5
117.5
117.1
1 1 9.4
121.1
122.3
125.9

67.6
67.1
67.5
67.9
68.0
68.8
69.6
69.8
70.0
70.7
71.7
72.9

|
!
»
|
!
|
!
|
!
!
|
t

280.8
278.7
279.5
280.2
279.1
281.1
284.4
286.6
290.2
294.5
296.2
303.2

149.4
150.9
152.2
152.1
152.3
152.2
154.0
157.1
158.6
161.0
162.3
163.8

127.0
121 . 4
121.5
124 . 4
121.2
124.1
125.4
124 . 6
126.4
128. 1
130.2
1 35.3

9 .0
8.4
8.3
8.4
8.1
8.6
9.2
8.8
9.1
9.3
9.5
9.6

!
I
1
|
I
|
|
|
(
|
|
|

117.9
112.9
113.2
116 . 0
113.1
1 15.4
116.3
115.8
117.4
118.8
120.7
125.7

|
|
|
|
|
|
!
|
1
|
!
(

4.4
6.4
5 .8
3.7
5 .6
4.8
5.0
4.8
5.1
5.4
3.6
4.1

TOTAL

110.3
106.3
107.3
108.5
106.2
108.6
109.4
109.2
111 . 1
112.5
113.6
117.2

|
!
(
|
|
|
!
t
(
!
1
I
!
|
(

U.S.
GOVT
DEMAND

!
NET
!
| INTERBANK*
1
1
8. 1
I
7.6
I
7.4
!
7.9
!
7.2
!
7.9
|
8.0
!
7.9
I
8.3
|
8.6
J
8 .7
|
8.7
!

OTHER

377”
4.5
4.3
4 .3
5.8
3.4
5.1
3.7
4.4
5 .7
4.6
4 .5

1969

JAN...|
FBB...I
M A R . .. |
APR...|
MAY.••|
JON...|
JOL...|
AUG..•|
SEP...|
OCT...|
NOV...|
D E C . ..1

28075.
27314.
26753.
2 7 088.
27856.
27273.
2708 1 .
27008.
27002.
27353.
27744.
28053.

27339.
26479.
25851.
26085.
26482.
25888.
25829.
25789.
25922.
26203.
26541.
26934.

27828.
2 7061.
26534.
26922.
27601.
26969.
26856.
26771.
26728.
27190.
27515.
27767.

72.9
7 2.0
71.7
72.2
73.3
73.3
73.6
73.7
73.7
74.3
75. 5
76. 5

|
!
I
I
|
|
!
|
|
|
!
|

3 03.1
297.9
295.5
298.3
296.6
294.4
291 . 1
285.9
287.0
286.2
287.4
291.2

162.7
161.8
161.6
161.0
160.1
158.6
155.4
153 . 1
151.8
151. 1
150.0
149.7

136.2
130 . 3
129.9
132.8
128.6
130 . 9
131.1
129.2
130.8
131.7
133.1
136.9

9.5
9.2
9.0
9.0
9.1
9 .6
9.8
10. 1
10.4
1 0.5
11.1
11.2

|
|
|
I
|
I
!
|
|
I
!
I

126.7
121.0
120.9
123.7
119.5
1 2 1.2
121.3
119.1
120.3
121.2
121.9
125.7

|
|
|
|
t
|
|
|
|
|
!
|

4.2
5.9
3.9
4.5
7.9
5.0
4.7
3 .5
4 .4
3.5
4.3
4 .6

1970

JAN...|
FEB...|
MAR...|
APR...|
HAY...!
JON...|
JOL...|
AOG...1
SEP...i
OCT.. . . |
NOV...|
DEC...!

28854.
2 7 910.
27517.
28123.
2 7 876.
27563.
28145.
28372.
28790.
28647.
28667.
29246.

27894.
26830.
26619.
27277.
26909.
26682.
26785.
27534.
28190.
28185.
28252.
28914.

28680.
27702.
27355.
27971.
27719.
27373.
27979.
28198.
20546.
2R442.
28433.
28998.

76.4
75.2
75.2
76.2
76.6
76.7
77.9
78. 1
7 8.5
78. 6
79.4
80.8

1
|
(
|
!
|
!
|
!
|
(
1

291.2
285.1
288.0
293.7
290.3
292.7
299.4
303.9
309 . 3
313 . 3
315 . 4
325.2

148.9
148.8
151.0
153.8
154.9
155.7
160. 8

138.4
1 3 0.2
131.2
135.4
130.5
131.5
'<32.7
132 . 0
133. 7
135.1
136.0
141.1

10.8
10.5
10.1
10.7
9.7
9.2
10. 4
10.0
9.8
10.6
10.7
11. 1

|
(
(
(
!
!
!
|
|
!
!
|

127.5
119.7
121.1
124.8
120.9
122.3
122.3
121.9
123 . 9
124.5
125.4
1 3 0.0

|
|
|
|
|
|
|
|
|
|
!
|

3.9
6.1
5.8
4 .5
5 .4
5.4
5.8
5.9
5.8
5.1
4.6
6.0

66.0
169.R
17 3,2
1/4,9
1?D.1

AGGREGATE

1979

1980




1991

B I L L I O N S O F DOLLARS
1
1
1D E P O S I T O R Y I N S T I T U T I O N S R E S E R V E S
1
1
NONI
BORRO0ED
TOTAL
REQUIRED
1
1
1
43079.
42077.
42865.
JAN...|
39730.
40494.
40703.
FEB. .. |
B A R ___|
40217.
39226.
40059.
40724.
39807.
40548.
APR...|
40237.
40096.
38472.
HAY...!
40104.
38686.
39883.
JON...I
40916.
40705.
39746.
JOL...!
40715.
40494.
AOG.•.|
39630.
41054.
SEP...I
39713.
40862.
42280.
OCT...I
40258.
42007.
NOV...|
42997.
41092.
42753.
43907.
42434.
DEC...I
43578.
|
J A N ...!
FEB...1
HAR...|
APR...!
HAY...|
JON...1
JOL...|
AOG...!
SEP...|
OCT...|
NOV...!
DEC.•.|
i
1
JAN...!
FEB...(
HAR...|
APR...|
HAY...t
JON...|
J O L...|
AOG...t

TABLE 2
R E S E R V E S A N D HEHBEft P A N E
NOT S E A S O N A L L Y ADJUSTED

DFPOSTTS

BILLIONS
t

HEHBEB

HONETARY
BASE

BANK

DEPOSITS
!

(

TOTAL

Of

SOBJBCT
PRIVATE

| T I H B AND
|
SAVINGS
|

DOLLARS

TOTAL

TO

RESERVE

DEMAND

HEQOIRENENTS

DEPOSITS

NET
INTERBANK |

OTHER

144.4
141.9
142.3
144. 2
144.4
145.6
147.9
148.4
149. 4
151.3
153.5
156.2

!
|
!
|
!
!
!
I
|
|
1
I

627.1
614.3
614.3
621.1
610.9
613.9
619.1
620.4
629.1
637.9
642.5
652.7

|
|
!
|
!
|
1
1
|
|
|
(

433.8
434.2
434.9
432.3
429.8
427.2
429.7
434.2
439.5
445.8
449.5
452.1

|
|
!
1
I
|
|
|
(
|
!

?9T75
178.2
177 . 5
1 8 6.8
179.2
183.9
187.8
184.5
187.5
190.5
1 9 1.3
198 . 6

137T
9.9
11.1
11.6
11. 0
11. 0
1 2.6
12.0
13.3
15.1
15.2
16. 0

*
|
I
(
|
!
I
(
!
!
!
)

J 787 4
168.3
166.4
175.2
168 * 2
172 . 9
175 . 2
172.6
174.2
175.4
176.2
182.6
180.9
171.9
170.4
173.6
165.9
170.6
1 7 3.2
174.8
178.0
179.3
181.5
195.0

\

45179.
43177.
43096.
44880.
43963.
43472.
42859.
40373.
41164.
41704.
41244.
40614.

43938.
41522.
40273.
42425.
42945.
43092.
42464.
39715.
39852.
40394.
39184.
38924.

44928.
42966.
429 1 0 .
446 8 3 .
43785.
43268.
42575.
40071.
40908.
41498.
40723.
40146.

155 . 9
154.0
154.9
157.5
157.8
158.6
1 5 9.6
158.0
159.0
160.6
161.6
162. 4

|
f
(
|
|
f
|
1
I
|
I
I

652.5
643.9
648.0
657.7
651.5
656.9
658.2
662.5
675.6
684.2
694.5
710.3

|
|
!
|
|
|
(
(
I
»
!
|

455.0
455.8
460.6
464.7
467.7
467.4
466.0
471.8
479.6
485.7
493.2
505.0

!
!
f
!
|
!
|
*
i
|
|
|

1 95.4
1 8 6.2
185.5
190.4
182.1
187.2
190.0
189.0
193.9
1 9 6.4
199.5
203.2

14. 5
14.3
15.2
16.8
16.2
16.6
1 6.8
14. 2
15.9
16.5
18.0
18.2

|
{
|
!
|
!
!
|
!
!
!
|

41535.
39754.
39693.
40291.
404 *3.
403 si.

40141.
38450.
38694.
38953.
38205.
38316.
3923839523.

41226.
39478.
39445.
40164.
40258.
40104.
4 0667.
40741.

161.0
158.8
159.5
161.6
162.6
163.3
165. 4
165 . 4

!
|
!
»
!
|
}
I

712.6
701.5
702.9
713.5
710.0
719.7
727.7
734.7

1
|
)
I
!
)
i
!

520.6
524.9
527.8
531.6
538.1
545.0
552.7
562.5

|
}
1
!
!
|
|
)

189.9
174.5
173.0
178.9
169.3
172.2
173.0
1 70.3

18.2
17.7
17.7
17.3
16.9
17.8
18.0
17.6

!
|
!
{
!
|
|
|

i

4091 /.
40943.

1 7 1.7
156.8
155.4
161.6
152.9
154.4
155.1
152.7

1
,1
1
1
~ r
i
i
»
i
!
)
1
!
!
1
1
1
t
»
1
1
t
1
1
1
1
!
!
1
!
1
1
!
1
1
1
1
1

O.S.
GOVT
DEMAND
: ™
1.8
1.9
2 .0
1.8
2.8
1.6
1 .7
2.1
1.6
1.7
2 .0

t

2.1
1*8
1.9
2.6
1.7
2.3
2 .2
1.7
2.1
2.1
1.9
2.1
2.1
2.1
2.1
3.0
2.1
2 .5
2.0
1.9

TABLE 2
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
I

MILLIONS OP

DOLLARS

1
|DEPOSITORY
I

1
1
»

TOTAL

INSTITOTIOH5

NONBORROWED

1
1975

1976

JAN...!
PEB...|
MAR... 1
APR...I
RAY...|
JON...!
JOL...I
AOG...!
SEP...!
OCT...!
ROY...|
DEC. . . |
!
JAN...!
PEB...!
HAR...|
APR...!
RAY...I
JON . . . |
JOL...!
AUG...(
SEP...|
OCT...I
ROY...|
DEC...!
1

37700.
35527.
3*1712.
35171.
34651.
34630.
34875.
34460.
34637.
34634.
34576.
34990.

37302.
35379.
34607.
35061.
34585.
34403.
34574.
34249.
34241.
34444.
34516.
34860.

35602.
34151.
33757.
34128.
34057.
33864.
34311.
34051.
33893.
34335.
34690.
35237.

35524.
34070.
33703.
34084.
33943.
33738.
34178.
33951.
33831.
34241.
34618.
35184.

JAN. ... |
PEB...I
MAR...)
APR...!
HAY...!
JON.
JOL...
AOG...|
SEP...1
OCT...I
ROY...I
DEC...!

36064.
34432.
3408 5 .
34794.
3 4 669.
34441.
35317.
35187.
35173.
35732.
35897.
36486.

35996.
34 361.
33982.
34720.
34462.
34178.
34994.
34127.
34548.
34426.
35036.
35917.

38144.
36849.
36127.
36970.
37083.
37303.
38246.
37571.
37806.
38376.
39645.
41678.

37660.
36443.
35799.
36413.
35871.
36208.
36929.
36432.
36746.
37099.
38942.
40810.

1

1977

..|

!

1
1978




J A N . ..1
PEB...|
HAR...!
APR...!
HAY...|
JON.••|
JOL...|
AOG...!
SEP... |
OCT...|
NOV...!
DEC...|

BILLIONS

(
!
RESERVES!
!

OP DOL L A R S

M E M B E R B A N K D E P O S I T S S O B J E C T TO R E S E R V E R E Q U I R E M E N T S
I
I
M
O
N
E
T
A
R
Y
PRIVATE DEMAND DEPOSITS
J
1
I
I
BASE
U.S.
! T I M E AND
!
I
!
N ET
GOVT
1 REQUIRED !
1 TOTAL » SAVINGS
TOTAL
INTERBANK !
OTHER
1
DEMAND
1
I
1
1
J.1107.9
165.0
37553.
1 2.5
|
15275
1
2.9
!
! ~ 4 9 5 7 T ~ V ” 3277?
!
35333.
158.0
326.5
105.6
12.1
|
145.9
!
2 .4
t
1 487.0
!
I
12.0
|
1 4 7.8
1
159.8
2.8
1 34513. ! 1 0 5 . 7
1 491.6
1 328.9
495.4
163.2
|
151 . 3
1
3.1
11.9
!
1 35014. I 1 0 6 . 6
1 329.1
159.0
1
0
6
.
9
3
2
9
.
8
|
1
4
7
.
9
(
34496.
4
9
1
.
8
3.0
11.1
»
1
!
1
497.5
1 6 4.2
l
152.6
!
11.6
3. 1
34429.
108.2
!
1 330.2
!
!
164. 5
11.6
330.3
|
152.9
|
2.5
1 34687. I 1 0 9 . 2
1 497.2
\
494.8
162.3
11.2
!
151.1
(
2.0
1 34265. 1 1 0 9 . 0
!
1 330.5
164 . 0
11.7
!
152.3
|
2.9
1 499. 1
1 34446. ! 1 0 9 . 0
1 332.2
500.4
334.6
163. 3
11.8
|
151.5
|
2 .5
1 34427. 1 1 0 9 . 5
!
I
166.7
|
154.4
|
12.3
503.6
2-6
!
1 34293. ! 1 1 1 . 0
1 334.4
170.7
12.3
|
158.4
|
3.1
1 34724. ! 1 1 2 . 7
1 510.9
! 337.2
t
!
!
t
12.4
511. 1
337.9
1 70.3
(
1 5 7.9
!
2.9
1 35362. 1 1 1 2 . 0
1
!
163.4
3.4
12.2
33933.
1
1
0
.
7
!
151 . 2
|
504.2
!
!
!
1 337.4
5
0
6
.
4
12.1
33534.
3
3
9
.
7
163.9
2.9
!
1
5
1
.
8
1
1
1
1
.
3
1
1
1
1
!
157.1
!
168.8
2.9
340.2
11.7
1 33973. 1 1 1 3 . 0
!
1 511.9
163.4
11.3
2.8
113.7
506.0
I
152.1
|
! 33848.
!
1 339.9
(
512.7
33651.
166.7
11.9
|
154.8
|
3.6
114.3
1
1
!
1 342.5
167.7
(
155.6
t
2.5
343.7
12.1
513.9
1 34076. ! 1 1 5 . 7
!
!
11.8
|
154.1
|
2.7
165 . 9
! 33844.
1 115.6
1 511.3
1 342.7
12.7
|
154.5
|
3.6
344.1
33692.
514.9
167.2
!
1 115.6
!
1
2.8
169.5
1 2.3
!
157 . 2
(
1 34116. ! 1 1 6 . 6
1 346.6
1 518.9
3.0
|
158.3
|
13.6
171.8
1 34433. 1 1 1 8 . 3
1 522.4
1 347.7
|
1
6
4
.
4
|
3.3
34964.
13.5
177.9
1
1 353.6
1 120.3
1 534.8
1
f
1
1
1
1
2 .9
14. 6
163.2
119.7
177.8
35799.
537.7
1 357.1
3.1
156.1
358.4
167 . 2
11.2
34234.
118. 1
1 528.7
1
11.5
157.6
3.2
361.7
33870.
169.1
1 118.6
1 534.0
163.4
4.0
175.0
11.6
34602.
541.3
1 120.6
1 362.3
2.5
168.5
157.3
11.2
34460.
1 121.1
1 535.8
1 364.7
161.1
|
3.7
11. 9
367.8
173-0
1 34294. 1 1 2 1 . 7
1 544.5
2.6
163.4
35043.
175.6
12.2
547.6
1 124. 1
1 369.4
2.5
174.1
|
161.5
|
12.6
! 34987.
1 124. 1
1 548.3
1 371.8
3.8
1
75.2
12.0
|
1
6
3
.
2
|
34964.
!
1 373.0
1 124.5
1 552.1
2 .7
!
165.6
|
178.0
12.4
377.5
558.2
! 35521.
!
1 125.8
!
|
166.7
|
2.6
178.7
12.0
! 35647.
1 127.5
1 562.1
1 380.8
3.8
!
172.6
!
185.1
12.5
386.4
36296.
575.3
129.8
»
1
!
!
1
1
!
3.1
187.9
!
174.8
|
13.1
390.3
1 581.3
!
1 37877. 1 1 3 0 . 2
3.1
176.1
12.3
|
163.8
|
1 36607. ! 1 2 8 . 9
1 572.5
1 393.3
3.5
176.6
12.3
|
164.3
|
35927.
579.4
399.3
129.2
!
3.6
12.7
!
171.1
|
183.8
36821.
588.6
401.2
131.1
!
2 .9
|
166.8
|
1 79.3
12.5
36864.
406.1
132.2
588.3
!
4.5
t
170.8
|
1 8 3.7
12.9
37125.
133.5
408.6
596.8
3.2
186.4
|
173.1
|
13.3
135.7
600.6
4H.0
38048.
!
2.5
!
171.0
|
12.9
599. 2
37404.
135.2
412.9
183.9
!
I
4.6
1
173.5
I
11.3
184.7
605.9
136 . 2
* 37613.
!
1 1 6.5
3.0
1 2.0
t
174.9
!
38215.
186.9
137.5
608.4
418.6
!
2.0
|
174.5
|
13.4
615. 1
140.5
188.0
39423.
425.2
(
!
2.5
!
179.3
!
12.6
41446.
624.0
144.6
42 9.6
191 . 9
!

!
«
!
!
!
!

fl
I
!

!

f

!

!

!

I

1
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

!
|
|
!
|
!
|

|
!
|
|
|
|

TABLE 2
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
MILLIONS OF
DEPOSITORY

TOTAL

1963

JAM . . . |
FEB...|
MAR...1
APR.••|
M A Y •*•1
JOM... 1
JOL...I
AOG...I
SEP...|
OCT...|
MOV...|
DEC.. . |

20042.
me'B.
19522.
19607.
19649.
19770.
19988.
19705.
19967.
19989.
20147.
20701.

1964

JAM...1
FEB . . . |
MAR...|
APR.••|
HAY.|
JUN. . . I
JUL...1
AUG...|
SEP...|
O C T . ..1
NOV...|
DEC...|

20679.
20150.
20242.
20254.
20242.
20545.
20639.
20579.
20925.
21023.
2118 1 .
21596.

1965

J A N...|
FEB...I
MAR... |
APR...|
NAY... |
JON...|
JUL...|
AUG...1
SEP...1
OCT...|
MOV...1
DEC...|

21632.
21201.
21263.
21496.
21476.
21720.
21873.
2 1 561.
21759.
215*3.
21940.
22693.

1966

J A N ...|
FEB...|
MAR...1
APR...|
H A Y ...t
JUN . . . |
JUL... 1
AUG... |
SEP...f
OCT...|
NOV...1
D E C . ..1

22777.
22205.
22186.
22529.
22462.
22562.
23062.
22678.
23222.
23373.
23226.
23785.




DOLLARS

INSTITUTIONS

1
NO N 1
1 BORROWED
1
.1
19896.
t
19403.
1
19374.
1
19477.
1
19439.
1
19511.
1
19690.
1
19376.
1
19649.
1
19669.
1
19798.
1
20369.
1
I
20405.
1
19863.
1
19964.
{
20043.
]
19982.
1
20277.
t
20376.
!
1 20264.
20580.
1
f 20702.
20781.
1
21332.
1
I
21332.
(
20796.
1
1 20852.
21025.
1
20981.
1
21183.
1
21345.
1
21034.
1
21205.
1
21495.
1
21508.
1
22250.
1
1
22357.
1
21723.
I
21625.
1
21892.
1
21774.
1
21855.
1
22321.
1
21943.
1
22453.
I
22639.
1
22618.
1
23252.
1

RESERVES!

1
1
1 REQUIRED
1
1
1
1
1
1
1
\
1
\
I
1
1
1
1
I
1
1
1
1
1
f
1
1
1
1
A
1
1
1
1
1
1
1
1
1
1
\
1
\
1
1
I
1
1
1
1
1
t
1
I
\
1

BILLIONS

I

|

19537.
19107.
19088.
19151.
19219.
19353.
19533.
19260.
19539.
19592.
19706.
20211.

|
|
|
|
|
|
|
|
|
|
|
1

2 0 239.
19752.
19856.
19902.
19888.
2017 0 .
20263.
20158.
20494.
20625.
207 7 4 .
21190.

|
f
|
|
|
1
{
1
!
|
|
f

212 1 7 .
2078 9 .
20898.
21155.
2 1142.
21358.
21521.
21185.
21349.
21625.
21588.
2 2 270.

I
|
|
|
|
|
|
|
\
|
|
I

22398.
21858.
2 1844.
22174.
22121.
22206.
2 2684.
22310.
228 5 1 .
23041.
22841.
23446.

|
|
|
|
|
|
|
\
|
|
|
|

OF D O L L A R S

MEMBER BANK DEPOSITS SUBJECT TO RESERVE REQUIREMENTS
1
1
MONETARY 1
PRIVATE DEMAND DEPOSITS
|
I
BASE
U.S.
1
1 T I M E A ND
SAVINGS
TOTAL
I
NET
|
|
GOVT
1
1
TOTAL
| INTERBANK!
OTHER
|
DEMAND
1
1
_I.
1
1
^ 1
_l.
“*
1
9
3
7
0
“
'
51.5
8
0
7
5
1
0
7
.
9
|
1
0
0
.
3
|
175““
7.6
1
1
190.8
8 2.1
103.7
|
50.9
6 .9
96.8
|
5.1
1
1
51.1
191.6
102.7
l
6.8
96.0
|
5.3
83.6
1
1
5 1.4
192.8
104.5
|
97.7
|
84.6
3.1
6.6
1
1
194.1
95.6
|
6.4
51.6
102.2
|
6.6
85.6
1
1
195.7
86# 3
52. 1
102 . 7
|
96.0
|
6.7
6. $
1
1
87.1
52.7
197.7
103.7
|
6.fl
96.7
|
6 .9
1
1
52.5
88.2
196.5
102.7
|
6.7
96.0
|
5.5
1
1
52.9
199.0
89.0
97.3
|
5.8
104.2
|
6.9
1
1
53.0
98. 4
|
89.9
200.2
105.6
|
4.7
7.2
1
!
53.7
201.7
90.6
100.0
|
107.3
|
7.3
3.8
1
1
54.8
205.5
7.4
91.3
109.6
|
4.5
102.2
|
1
1
|
fl
1
1
54.1
207.1
7.4
93.2
110.2
|
3.6
102.8
|
1
1
53.4
204.7
94.5
106.0
|
6.8
99.2
|
4.2
1
1
53.8
206.0
95.5
105.1
|
5.4
6.8
98.3
|
1
1
53.9
207.0
7.0
96.2
107.0
|
100.0
|
3.7
1
1
54.2
207.6
97.4
104.1
|
6.6
97.5
|
6.2,
1
1
54.9
210.1
98.2
105.0
|
6.6
98.3
|
6.9
1
1
55.3
211.4
99.0
106.2
|
7.0
6.2
99.. 2
|
1
1
55.4
211.2
99.8
98.8
|
5.7
105.7
|
6.8
1
1
55.8
5.8
214.2
100.5
107.9
|
7.1
100.8
|
1
1
56. 1
215.8
101.5
102.0
|
5.0
109.3
|
7.3
1
1
56.7
2
1
7
.
5
102
.
1
1
0
2
.
7
|
1
1
0
.
2
|
7.5
5.2
1
1
57.6
220.9
103.0
113 . 1
|
105.7
|
4.8
7.4
1
1
1
1
1
57. 1
106.0
|
3.8
223.0
113.6
|
105.7
7.5
1
1
56.4
108.7
!
101.7
|
5 .2
221.7
7.0
107.8
1
1
5.9
56.6
101.4
|
223.4
108.2
|
6.8
109.3
1
1
103.4
|
5.0
110.4
57.0
110.4
!
7.0
225.9
1
1
57.1
227.1
106.5
|
100.0
|
8.9
111.7
6.5
1
1
8.3
57.7
112.7
101.4
|
229.3
108 . 2
I
6.8
t
I
8 .2
114.1
101.9
I
58.3
7.1
109.0
|
231.3
1
1
6
.6
101.1
|
108
.
0
|
6
.
9
58.1
2
3
0
.
3
1
1
5
.
7
1
1
4.9
7.4
110.7
1
103.3
|
58.5
116.7
232.3
1
1
4.5
112.4
|
235.3
118.4
104.8
|
7.6
59. 1
1
1
3 .5
. 105.7
|
59.6
113.5
|
7 .8
1 1 9.1
236.1
1
1
4.0
117.1
|
7.8
109.3
|
119.8
60.9
240.8
1
1
!
1
3.3
110.4
I
121.4
118.4
|
8.1
60.5
243.1
1
\
4 .5
105.9
|
59.7
122.4
113.4
|
7.4
240.3
1
1
3.9
105.9
|
113.4
!
59.8
123.7
7 .6
241.0
1
1
2
.7
60.4
125.4
7.7
108.8
|
116.5
|
244.5
1
1
6.5
104.7
|
112.0
|
60.6
126.8
7 .3
245.3
I
1
5.5
106.1
1
127.0
61.0
113.6
|
7.5
246. 1
1
1
7 .2
105.2
|
128.4
8.0
62.0
248.7
113.2
|
1
1
4.5
104.3
|
61.7
111.6
|
7.3
245.4
129.2
1
»
3.8
106.2
|
129.0
1 1 3.9
|
246.7
7 .6
62. 2
1
1
4.3
106 . 4
|
114.1
|
128.3
7.7
62.6
246.7
1
1
3.2
106.9
|
114.8
|
7.9
127.3
245.3
62.9
1
1
3.0
127.9
110.3
|
118.2
|
7 .9
64. 1
249* 2
1
\

fl

TABLE 2
AGGREGATE RESERVES AND HENBBF BANK DEPOSITS
NOT SEASONALLY ADJUSTED
BILLIONS OF DOLLARS

BILLIONS OF DOLLARS
i
i
|DEPOSITORY INSTITUTIONS RESERVES

1959

1960




1961

1962

1
1
!
1
.1
JAN...|
FEB . . . I
BAR...|
APR.••|
HAY...|
J O N...|
JOL...J
AOG...|
S E P...I
OCT...|
NOY...|
D E C . ..1
1
JAN.••|
F E B ...|
BAR . . . |
APR.••|
HAY.•.|
JON.• • |
JOL . . . |
AOG . . . |
SEP...|
OCT...|
NOY . . . I
DEC.•.|
1
J A N...I
FEB...I
B A R ...)
A P R . ••|
HAY...|
JOB.•.|
J O L ...1
AOG...|
SEP...1
OCT. . . |
NOY.•.|
D EC...|
1
JAN...1
F E B ...I
HAR. . . \
APR...t
HAY...|
J O N...I
J O L...I
AOG...!
SEP...!
OCT . . . I
NOY...|
DEC...!

TOTAL

NONBORROWED

1
1
! REQUIRED
1

!
HONETARY
BASE

r
i
!
!

HEHBER

BANK

l
1 TIHE AND
SAVINGS
!
1

TOTAL
J

18889.
18570.
18431.
18678.
18552.
18454.
18683.
18591.
18622.
18607.
18621.
18956.

18338.
18065.
17832.
17986.
17811.
17525.
17721.
17601.
17696.
17700.
17763.
18015.

18847.
18213.
18032.
18124.
18215.
18307.
18513.
18500.
18560.
18762.
18984.
19262.

17960.
17403.
17391.
17518.
17719.
17873.
18135.
18204.
18345.
18595.
18851.
19188.

19337.
18961.
18811.
18884.
18858.
19021.
19102.
19195.
19361.
19687.
19808.
2 0 131.

19272.
18828.
18741.
18827.
18763.
18958.
19048.
19130.
19323.
19617.
T9 710.
19998.

20095.
19571.
19548.
19716.
19829.
19923.
20053.
1988 3 .
20 0 6 7 .
20198.
19570.
20 0 5 4 .

20009.
1950 3.
19460.
19644.
19768.
1982T.
19962.
19759.
19986.
20136.
19449.
19794.

1
1
1
1
1
!
1
1
!
1
I
1
1
1
1
1
1
1
1
1
1
!
1
1
•
1
1
1
1
I
1
1
I
1
1
1
1
!
1
1
!
1
1
1
1
1
!
1
!
1
1

18392.
18117.
17971.
18246.
18131.
18048.
18267.
18144.
18180.
18166.
18177.
16450.

48.2
47.6
47.6
47.9
48.0
48.1
48.5
48.5
48.4
48.4
48.6
49.3

18333.
17759..
17009.
17698.
17770.
17828.
18013.
17957.
17933.
18099.
18242.
18518.

48.5
47.6
47.5
47.7
47.7
4 8a 0
48.4
48.3
48.4
48.6
49. 1
49.7

18565.
18312.
18265.
18268.
18302.
18430.
18466.
18616.
18781.
19155.
19217.
19547.

49.0
48.4
48.3
48.4
48.4
48.8
49.2
49.2
49.5
50.0
50.4
51.2

19473.
19069.
19077.
19224.
19312.
19450.
19519.
19353.
19577.
19721.
19013.
19482.

50.5
49.8
49.9
50.3
50.4
50.8
51.3
51.1
51.3
51.5
51.2
52.2

V “ 1 5 971
157.3
1
156.3
1
158.6
1
158 . 1
1
157.7
!
159a 1
1
158.3
1
158.6
1
158.5
!
158.3
1
160.1
1
1
159.5
1
155.8
1
155.0
1
56.0
1
156.7
1
157.4
1
159.1
1
159.4
1
160.6
!
162.0
1
163.0
1
164.4
1
1
165.4
1
164.8
1
1
65.0
I
165.8
1
166.8
!
168.1
1
169-1
!
170.3
!
172.0
1
174.9
1
175.5
t
177.7
1
1
1
1
1
1

1
1
!
1
1
1
i

178.2
176.6
177.6
179.3
180.7
182.3
183.3
182.6
184.8
187.1
187.5
191. 1

DEPOSITS SUBJECT TO RESERVE REQUIREBENTS

!
1
i
i
i
i
i
i
«
i
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
1
!
I
1
\
1
1
I
1

53-5
53.6
53.9
54.3
54.6
54.8
54.8
54.6
54.5
54.4
53.8
53.7
53.7
53.6
53.8
54.2
54.5
54.9
55.5
56.2
56.9
57.5
57.6
58.1
59.0
60. 4
61.4
62.3
63.4
64.2
65.0
65.6
66.2
66.7
66.7
67.0
68.4
69.9
71.6
72.8
73.7
74.7
75. 6
*6. \
/ 6 .8
7 7. 7
7ti. 1
79.2

PRIVATE ERRAND DEPOSITS
1
1 ,
NET
1
TOTAL
| INTERBANK
OTHEN
1
J 102.7
|
6.9
95.8
1
99.8
|
6.5
93.3
1
6
.
5
99.1
|
92.6
I
1
0
0
.
2
|
6
.
6
9
3.6
1
98.8
|
92.5
6.3
1
6.3
93.0
99.3
|
1
99.9
|
6.5
93.3
I
99.1
|
6.4
92.7
1
99.5
|
6.5
92.9
1
6.6
93.1
99.8
1
1
100.3
|
93.7
6.6
1
102.0
|
6.7
95.3
1
fl
1
95.3
102.2
|
6.9
1
98.6
|
6.3
92.3
1
9
7
.
4
|
6
.
2
91.3
1
98.5
|
6.3
92.2
1
96.4
|
90.3
6.1
1
6.3
96.8
I
90.5
1
6.6
90.9
97.5
1
V
97.7
|
6.6
91* 1
1
6.7
92.1
98.9
|
1
99.5
|
7.0
92.5
1
7.1
93.1
100.2
1
1
102.2
I
7.1
95.2
1
1
7.3
95.5
102.8
1
1
100.0
|
6.9
93.2
1
9
9
.
4
|
92.6
6
.
9
1
94.1
101.0
|
6.9
1
92.6
99.3
|
6.7
1
6.8
93.2
100.0
I
1
93.3
7.0
100.2
|
1
93.0
6.9
99.8
|
1
94.3
6.9
101.2
|
1
95.1
102.4
|
7.3
1
7*5
96.1
103.6
f
1
98. B
106.3
1
7.6
1
1
9
8.7
7
*
8
1
0
6
.
5
«
1
7.1
95.4
102.5
|
1
94.5
101.4
|
7*0
»
96.0
7.1
103.2
|
1
6.4
100.7
1
94.3
f
|
6.5
94.6
t 101.1
«
94.7
10 1. 4
1
6.0
93.8
10 0 . 4
!
6.6
i
94.8
101.6
|
6.8
i
7.1
95.8
102.9
|
i
104.1
|
7.3
9
6.8
i
7.1
99.8
106.9
|
i

U.S.
GOVT
DEHAND
2.8
3.8
3.3
4.2
4.7
3 .6
4.4
4.5
4.6
4.3
4.2
4.4
3.6
3.7
3.8
3.3
5.8
5.7
6.0
5.5
4.6
5.1
5.2
4.1
3.6
4.3
4.2
2.5
4.1
4.0
3.8
4.9
4.6
5*7
5.2
4.4
3.4
4.1
4.5
3 .3
6.4
6.5
6.3
6.1
6.4
6.5
5.3
5.0

TABLE 3
AGGREGATE RESERVES AND HEHBBR BANK DEPOSITS

SEASONALLT ADJUSTED

1981




JAM
JAN
JAN
JAN
PEB
FEB
FEB
FEB
HAR
HAR
HAR
HAR
APR
APR
APR
APR
APP
HAT
HAT
HAT
HAT
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL

M I L L I O N S OF D O L L A R S
I
I
ID E P O S I T O R T _ I N S r i T O T I O N S ~ P E S E R V E S
I
I
NONt
BORROBED
REQUIRED
TOTAL
I
I
__
l
3 9504.
7.. . |
39809.
38692.
39781.
39*)70.
38638.
19... 1
40459.
21... 1
39040.
40138.
40006.
39606.
38213.
28... |
4004 9.
38848.
4... |
396 8 2 .
39304.
38976.
11... |
38 T91.
39137.
3963 9 .
18... |
40282.
39756.
25... |
39661.
37948.
4. . . |
40573.
4006 5 .
39274.
3971 8 .
39982.
39214.
11...|
40160.
39386.
400 0 3 .
1 8 ___|
39971.
3 9979.
2 5 ---|
39083.
40444.
1... |
38980.
39982.
39539.
394 8 1 .
8... |
38652.
1 5 . . .|
40208.
39885.
39066.
22-. . I
40582.
39718.
40585.
29... \
40831.
38553.
40772.
41104.
6... 1
38633.
40805.
40420.
40371.
13... |
38686.
40807.
407 3 6 .
20... \
38832.
40715.
27 ... |
40433.
37792.
40663.
40868.
38914.
3.. - 1
10... |
40370.
38163.
4025 0 .
17...|
40731.
38836.
40496.
24. . . |
40866.
38561.
40537.
41034.
1... |
39299.
40689.
40834.
40504.
8... |
38968.
15...|
40618.
405 5 5 .
39323.
22...1
41358.
39628.
41049.
40934.
29... |
41232.
39254.

BILLIONS
I
I
HONETART 1
BASE
1
1
1
J.
1 59.. 9
1
159.9
1
160.6
1
160.0
1
160.2
1
159.5
1
161 . 1
I
160.4
1
161.3
1
160.5
1
161.1
1
161.1
1
161.9
1
160.9
1
161.7
1
162.8
1
163. 0
1
163.4
1
162.9
1
163.5
1
164.1
1
1 6 3.1
1
163.0
1
163.7
I
163.9
1
164.3
1
164.5
I
164.2
1
165.3
1
165.3
1

HEHBBR

BANE

DEPOSITS

OF DOLLARS
S U B J E C T TO t B S f K Y B
PRIVATE

TOTAL

TINE AND
SAVINGS
TOTAL

707.6
707.9
702.1
698.7
704.8
704.0
704.8
704* 2
704.6
704.2
704*5
701.6
703.9
708.6
711.7
712.2
712.4
712.2
713.8
716.6
715.3
720.0
720.7
719.9
720.0
722.1
727.1
728.5
727.6
7 2 8.1

513.1
519.7
516.6
519.0
522.6
523.5
522.7
524.6
524.5
524.0
525.3
525.5
525.2
527.2
530.7
532.2
533.8
533.2
536-7
538 . 1
539.3
543.9
544.9
544.0
545.4
547.9
550.7
553.3
554.6
555.6

192.1
186.0
183.1
177.5
179.9
178.5
179.7
177.7
177.8
177.8
176.5
174.7
177.2
177.9
177.5
177.8
175.8
176.6
775.2
176.8
174.2
173.3
173.8
173.7
173.8
172.6
174 . 1
172.9
170.7
170.2

REQBItEHENTS

DEHARD DEPOSITS
'#ir
"
IBTIBBABK
16.3
16. 8
18.5
18.5
18.3
17.8
18.5
17.8
18.7
18.2
18.8
17.8
1 8.7
17.8
18.8
17.3
17.7
1*.7
16*9
18.5
19.3
18.3
17.8
18.0
19.2
17.9
17. 6
17.8
17.5
18.1

I

OTHBB

|

1^5.8^
169.5
164.6
161.8
181*8
161.5
161.2
159*9
159.7
159.6
158.5
156*8
158.5
160.1
158*9
180.5
158.1
159.8
158*3
157.5
154.9
154.9
156*1
155.7
153.8
154*6
156.5
155*1
153.2
152.1

|
|
|
|
I
|
1
|
f
|
|
|
|
|
|
|
|
|
1
|
|
|
|
I
|
•
|
|
1
|

O.S.
SOVT
DEHANO
2.J
2.2
2.4
2.3
2.4
1.9
2 .4
1.9
2 .3
2 .4
2.7
1.4
1.5
3 .4
3.5
2.2
2.8
2 .5
2.0
2.5
1.7
2.9
2.0
2.2
1.5
1.7
2.3
2.3
2.1
2.3

iABLE 3
AGGREGATE RESERVES AND MEHBER BANK DEPOSITS
SEASONALLY ADJUSTED

1980




JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FE B
HAR
HAR
HAR
HAR
APR
APR
APR
AP R
APR
HAT
HAY
HAY
HAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SE P
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NO?
NOV
NOV
NOV
DE C
DEC
DE C
DEC
DEC

MILLIONS OF DOLLARS
1
1
|DEPOSITORY INSTITUTIONS RESER/ES
1
\
NON\
BOPRONED
REQUIRED
TOTAL
1
1
1
92970.
92091.
93522.
2...1
93395.
92793.
93973.
9... 1
92160.
93209.
16... | 935 8 7 .
92009.
93081.
93207.
23...1
91720.
93296.
93539.
30...|
92275. ■
93033.
92521.
6...I
91330.
13...1
925 6 9 .
92621.
91970.
9 3620.
20... |
9 9 162.
91992.
93709.
27...|
93502.
93669.
91158.
93133.
5... |
93267.
39829.
93189.
1 2 . . .|
90858.
93678.
19...1
93858.
90839.
93517.
26... |
939 9 8 .
93929.
91999.
2... |
99211.
927559...I
9 5 139.
99981.
16...|
92973.
9 9 799.
99592.
92550.
23...(
95103.
99866.
91913.
30...|
99576.
99916.
99909.
7...I
93073.
99076.
93899.
92879.
93869.
19... |
93957.
21...1
99795.
99516.
93237.
28...1
993 6 1 .
99380.
9... |
99790.
99819.
95199.
11...1
99 0 6 2 .
93661.
93923.
18... | 93552.
93156.
93907.
25...f
9 3 613.
93295.
93953.
93877.
2...1
93529.
93586.
9... 1
93665.
93950.
93163.
16...|
93355.
9 3 687.
93920.
23...|
93167.
92813.
93156.
30...|
90288.
90597.
39968.
39827.
6... 1
90655.
90095.
39909.
39519.
13...|
39810.
20...|
9 1 083.
90738.
90759.
27...1
90908.
90208.
90783.
3... |
91509.
90156.
91030.
10. . . \
90975.
91069.
90891.
17... |
90166.
91379.
91099.
29...|
91792.
90162.
91713.
1...|
91889.
90016.
91539.
8. .. |
91986.
90238.
91139.
15...|
91191.
91336.
90229.
2 2 . . .|
90697.
91900.
91822.
2 9 . . .|
91899.
90959.
91858.
5...|
92669.
90791.
92102.
90359.
1 2 . . .|
92926.
92022.
1 9 . . .|
90285.
38306.
39692.
38199.
26. ..1
90090.
90 9 0 9 .
3... \
38993.
39689.
90585.
37787.
39311.
10...|
39573.
38818.
39939.
1 7 . . .|
90323.
38699.
39717.
29...1
90293.
38996.
39661.
90123.
31... |

BILLIONS
f

HEHBER

HONETARY
BASE

DEPOSITS

SUBJECT
PRIVATE

|

159.9
159.6
159.9
159.7
1 55.3
159.8
159.6
156.9
155.9
1 5 6.2
156.1
156.8
156.5
157 . 2
158.1
157.9
158.3
158.1
158.2
157.9
159.1
159.2
160.1
158.8
158.6
159.0
159.6
159.3
159.6
159.9
157.9
157.6
157.1
158.3
158.5
159.3
158.5
159 . 3
159.8
160 . 3
160.0
160.3
161.0
1 6 1.3
162.3
162.1
159.2
159.5
159.9
158.8
159.8
159. 8
160 . 2

BANK

OF DOLLARS

|
1
|
|
|
|
|
|
1
|
|
|
|
|
|
|
1
|
1
|
\
|
|
1
|
|
|
|
|
|
|
|
|
|
1
|
|
|
1
|
|
|
|
|
|
f
|
|
f
I
|
1
|

TOTAL

693.9
699.7
696.7
692.5
693.3
698.9
699.9
695.5
696.5
699.9
698.9
650.9
698.9
698.7
659.6
655-6
656.2
659.7
658.9
656.9
659.8
659.9
656.5
658.8
660.1
657.0
657.5
656.5
658.9
658.9
656.5
662.7
666.0
672.0
671-7
673.2
680.0
679.1
676.9
677.6
682.7
689.9
685.7
6 8 6.1
687.9
695.6
699.8
695.6
699.3
699.9
700.0
701.3
705.fi

| T I H E A ND
I
SAVINGS

*'"99976
I
951-3
|
953. 3
|
953.1
|
952.7
|
953.1
f
959.0
|
959.9
1
955 . 9
|
956.8
1
957.2
|
957.6
|
958.8
|
958.9
I
961.5
|
969.9
|
965.7
|
966.8
I
967.5
|
968.2
1
967.8
1
967.9
|
966.7
1
968.0
I
969.0
1
967.9
|
966.8
|
966.6
1
966.6
|
967.8
1
967 . 1
|
967.5
1
971.2
|
976.7
I
977.7
1
978.8
I
981.3
|
981.6
|
982.8
|
983.7
|
989.9
|
986.7
I
986.8
|
988.5
|
988.2
1
991.9
|
999.6
1
997.6
|
<--')R.5
1
*00.2
|
502.5
I
506.9
'
509.1

TO

RESERVE FBPUIREHENTS

DEHAND

DEPOSITS
1
1.
NET
1
I
1
TOTAL
OTHER
1
1 INTERBANK!
.l_
___________ ! _
15.0
1 ” 19276" " ~ r
1 “ 17776
13.5
190.9
177.9
1
1
i
191.2
1 9.6
176.6
1
i
1
186.8
1 9.3
172.5
1
1
i
188.9
19.1
179.3
1
1
i
15.0
193.2
178.3
1
i
1
193.7
15.9
1
i
1 ,177-8
189.1
12.8
176.2
1
i
1
1 9.3
189.2
179.9
1
i
1
17.8
191
.
2
173.9
1
i
1
185.8
15.9
179.9
1
i
1
190.9
16.2
179.7
1
i
1
188.8
15.9
173.9
1
i
1
188.6
19.3
179.2
1
i
1
190. 8
16.3
179.5
1
i
1
188.9
17.2
171.2
1
i
1
188.2
17.7
170.5
1
i
1
185.3
17.5
167.8
1
i
1
189.9
17.2
172.2
1
i
\
186.9
16.5
169.9
1
i
1
190 . 1
18.6
171.5
1
i
1
1
8
5
.
9
16.7
168.7
1
i
1
1
8
7
.
5
1
7.9
1
70.1
1
i
1
172.1
188.9
16.7
1
i
1
189.2
16.8
172.3
1
i
1
17.1
187.8
170.7
1
i
I
189.3
17.5
171.9
1
i
1
186.7
16.7
170.0
1
i
1
190.5
17.0
173.5
1
i
1
187 . 9
15. 9
172.5
1
i
1
19.7
186.9
172.2
1
i
1
177.1
19 3.0
15.9
1
i
1
1
77.7
192.9
15.2
1
1
i
1
9
2
.
8
19.
2
1
78.6
1
i
1
177.9
19.8
192.2
i
1
1
1 6.0
176.5
192.5
1
i
1
16.1
196.3
180.2
i
1
1
195 . 7
180.9
1 5.3
1
i
1
177.9
192.5
15.1
1
1
i
192.9
15.6
176.8
1
1
i
179 . 1
195-1
16.0
1
1
i
179.0
15.6
199.6
1
i
1
179.6
196.9
1 7.3
1
i
1
195.8
1
78.5
1
7
.
3
1
1
i
180.5
197.5
16.9
1
I
i
162.5
19.1
201.6
1
1
i
180.6
17. 2
1 97.8
1
1
i
179.3
17.0
196.3
1
1
i
182.9
16. 1
198.5
1
i
»
178.9
197.1
18. 2
1
I
i
178.6
17. 1
195.7
1
i
1
176.2
17.2
193 . 9
1
i
1
176.5
18.0
1Q9.5
1
1
i

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|

U.S.
GOVT
DEHAND
7 7 7 ””
2.6
2.3
2.5
2.2
2.1
1.7
2. 0
1.9
2 .0
1.9
2.9
1.3
1.2
2.3
2.8
2.3
2 .5
2.1
1.9
1.8
1.5
2 .3
1.9
2 .0
1.3
1.9
3.2
1.9
2.7
2.5
2.2
2.0
2.5
1.7
1.9
2.9
1.8
1.6
1.5
2.7
3.0
2.0
1.9
2.3
2.1
2.9
1.7
2.3
2.0
1.8
1.6
2.2

TABLE 3
AGGREGATE RESERVES AND WEBBER BANK DEPOSITS
SEASONALLY ADJUSTED

1977




JAN
JAN
JAN
JAN
FBB
FEB
FEB
FB B
NAB
NAB
NAB
NAB
NAB
APB
APB
APB
APB
NAY
NAT
HAY
HAY
JON
JON
JON
JO N
JON
JOL
JOL
JOL
JOL
A0 6
AOG
AOG
AOG
AO G
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO V
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

BILLIONS OF DOLLABS
I
I
ID E P O S I T O R Y I N S T I T O T I O N S R E S E R V E S
I
I
NONI
BORROWED
TOTAL
REQUIRED
I
I
____
1
34804.
34773.
5...I
3429 1 .
34627.
34607.
34223.
12-..|
1 9 . . .|
3 4380.
34269.
34160.
34857.
26... |
34946.
3 4522.
34611.
34525.
34481.
2...1
34286.
9...|
34467.
34542.
16... |
34457.
3 * 293.
34328.
34341.
34377.
23...|
34148.
34299.
34449.
34419.
2...|
3 4226.
9 . . .|
34499.
34479.
16...|
34499.
34475.
343 3 1 .
23...|
34347.
34009.
34270.
34761.
30...|
344 6 5 .
34819.
3443 0 .
6. • • |
34686.
34621.
34647.
34411.
1 3 . . .|
34685.
20...|
34648.
34682.
34653.
27...|
34874.
34973.
34809.
4...|
35155.
34940.
34853.
34794.
34638.
11...1
3 4 748.
18... |
34983.
34856.
34765.
25...|
34653.
34518.
34342.
35077.
34847.
1
|
34668.
8... |
34706.
34480.
3 4673.
34744.
15...|
34521.
3449 8 .
22... |
34814.
34543.
3 4 741.
2 9 . . .|
34931.
34597.
3 4 781.
6... |
35478.
35213.
34984.
13... |
3 4817.
35081.
34921.
20... 1
35163.
34757.
3 4951.
27...|
35075.
34780.
35001.
3...I
35725.
35127.
35301.
10...|
35540.
34955.
35437.
17...|
35468.
34670.
35266.
33597.
24... |
35262.
3 5 234.
31...|
35681.
34288.
353 1 0 .
7 ... |
35479.
34843.
3524 8 .
1 4 . . .|
35371.
35708.
35387.
21... |
35399.
34661*
354 0 2 .
28...|
35437.
3 5205.
34719.
5.. • |
35790.
34907.
35389.
1 2 ---|
35524.
34473.
35355.
19...f
35685.
33824.
35601.
26...|
35683.
34239.
3 5481.
2... |
34813.
35661.
35926.
9...|
35951.
35064.
35796.
16... |
36036.
35502.
35619.
23... |
35655.
34774.
3 5666.
30... |
35905.
354 6 7 .
34832.
7.. . |
35613.
35030.
35598.
14...|
35590.
36099.
35786.
21...|
35864.
36009.
35482.
2 8 . . .|
36110.
35424..
3 5865.

...

BILLIONS
|

MEMBER

MONETARY
BASE

BANK

DEPOSITS

OF D O L L A R S
SUBJECT
PRIVATE

|

TOTAL

| T I M E A ND
|
SAVINGS
TOTAL

118.6
118.6
118.5
119.3
1 1 9.1
119.0
119.2
1 1 9.1
1 1 9.4
119.6
119.8
119.8
120.4
120.4
120.7
120.8
1 21.1
121.5
121.3
121.6
121.4
122.0
121.7
121-9
122.1
122.6
123.2
123.2
123.3
123.4
124.2
124.1
124.2
124.1
124.8
124.6
125.1
124.9
125.1
125.6
125.5
125.9
126.1
126.5
126.6
127.0
126.7
127. 1
126.9
127 . 7
127.7
1 2 7.9

|
|
1
|
1
\
|
|
|
|
|
|
1
|
|
|
I
|
1
|
|
I
|
1
|
1
|
|
|
|
|
|
|
|
|
\
!
|
|
|
|
|
I
|
|
I
\
|
|
1
1
|

530.8
531.9
531.7
531.0
530.8
530.7
531.9
532.0
532.6
532.9
534.7
535.0
535.5
537.7
539.0
539.3
538.9
539.2
538.7
540 . 1
540.8
540 . 1
542.4
543.1
545.4
544.6
546.2
547.3
549.5
551.6
550.7
551.4
552.2
552.3
553.4
554.0
552.8
554.1
555.3
557.0
557.4
559.2
560.8
560.0
561.2
561.0
562.9
564.7
565.3
566.1
568.4
567.9

|
|
1
|
|
|
|
\
|
|
|
|
|
|
|
|
I
|
|
|
I
|
|
1
|
1
|
|
|
|
|
|
1
|
\
i
1
|
I
|
|
I
|
|
|
|
|
|
|
|
|
|

355.6
355.3
355.2
356.0
356.2
357.2
357.8
358.0
358.2
358.8
359.3
359.8
360.5
361.3
361.4
361.4
361.8
362.1
363.2
364.0
364.6
365.4
366.5
367.1
368.0
368.3
368.9
369.6
370.0
371.0
371.8
372.6
373.2
373.7
374.1
374.5
374.4
374.5
375.7
376.7
377.4
378 . 2
379.2
379.9
380.9
381.9
383.2
383.8
384.0
385.0
385.7
386.9

172.5
173.5
173.5
171.9
171.7
170.6
171. 1
170.7
171.3
171.2
171.7
172.3
171.9
1 7 3.4
174.2
173.7
173.6
173.1
173.0
173.6
174.2
1 7 2.1
1 72.9
172.8
174.4
173.3
174.5
175.0
176.6
177 . 0
175.8
1 7 5.7
176.0
175.4
176.2
176 . 4
175.9
176.2
176.4
177.0
177.0
178.0
178.5
177.4
177.5
176.3
176.6
177.7
178.7
178.8
179.2
176.7

TO R E S E R V E
DEMAND

DEPOSITS

NET
INTERBANK I
13.4
16.4
1 3.6
13.2
12.7
11.2
11.4
11.1
11.2
11. 1
11.3
11.4
12.3
1 2.0
12.2
12. 2
12.1
11.8
11.8
12.0
12. 2
11.6
1 1.9
11.9
11.8
11. 2
12.0
12.2
12.5
13.7
12. 4
12. 4
1 2.7
12.4
12. 4
12.5
12. 0
12.0
12.0
12.3
12.4
12.9
12. 2
12.0
12.0
10. 8
11.4
11.7
11.9
12.0
12. 1
12. 1

REQUIREMENTS

I
I
1
|
|
|
I
1
|
|
|
|
1
|
|
1
f
1
1
1
|
1
|
1
|
(
I
|
|
|
|
1
{
f
1
|
|
|
|
|
|
\
|
|
|
|
|
|
|
|
|
|

OTHER
15976"”
157.0
159.9
158.7
159.0
159.4
159.7
159.7
160.1
160.1
160.4
160.9
159.6
161.4
162.0
161.5
161.5
161.3
161.2
161.6
162.0
160.5
161.0
160.9
162.5
162.2
162.5
162.8
164.0
163.2
163.4
163.3
163.3
163.0
163.8
163.9
163.9
164.2
164.4
164.7
164.6
165.1
166.3
165.3
165.5
165.5
165.2
166.0
166.8
166.8
167.1
164.7

i
1
1
1
r
i
i
i
\
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
*
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

u.s.
GOVT
DEMAND
275”"
3-1
3.0
3.1
2.9
2.9
3 .0
3 .2
3.1
3.0
3.6
3.0
3.1
3 .0
3.3
4.1
3.5
4.0
2-5
2.4
2.0
2.6
3.0
3.2
3.1
2.9
2.7
2.7
2.9
3.6
3.0
3.0
2.9
3.3
3.2
3.2
2.5
3.4
3.2
3.3
3.0
3.0
3.0
2.8
2.8
2 .8
3.0
3.2
2-6
2.3
3.4
4.3

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

1976




JAN
JAN
JAN
JAN
FE B
FEB
FEB
FFB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
HAT
MAY
RAY
RAY
JON
JON
JON
JON
JON
JOL
JOL
JOL
JOL
A06
AUG
AOG
AOG
SEP
SEP
SEP
SE P
SE P
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DE C
DEC
DE C
DE C
DEC

MILLIONS OF DOLLARS
1
l_
|DEPOSITORY INSTITUTIONS RESERVES
1
1
NON1
BORROWED
TOTAL
REQUIRED
!
1
1
34249.
7... |
34481.
34548.
33976.
34117.
34162.
i a ___i
34061.
21...|
34295.
34142.
34126.
33961.
34068.
28...|
4...|
34566.
34149.
34511.
3 3 925.
33875.
33874.
11... |
3 4 549.
34493.
34049.
18...|
33961.
33813.
34078.
25...|
34467.
34551.
34141.
3...|
10...|
34094.
34046.
33991.
34144.
34104.
1 7 . . .|
33943.
2 4 . . . | 3391 2 .
33834.
33801.
34359.
34323.
33961.
3 1 . . .|
7.. . 1
33949.
33925.
33826.
33957.
14...1
33845.
34018.
33940.
2 1 . . . | 34070.
34031.
28...|
3397 9 .
33921.
33867.
5...|
34659.
34629.
34218.
12...I
33863.
33808.
33896.
34294.
19...|
34172.
34049.
26...I
34123.
33987.
34045.
34376.
2... |
34134.
33923.
9... 1 33905.
33812.
33975.
34481.
16...|
34432.
33910.
33744.
23...|
33579.
33924.
34617.
30... \
34451.
34152.
7...|
34541.
34415.
33979.
1 4 . . .|
34056.
33880.
34027.
21.• . |
34211.
34152.
33983.
34147.
2 8 . . .|
33988.
34115.
4.. . |
34656.
34499.
34220.
34057.
33935.
11... i
34093.
34555.
34470.
34218.
18...|
25.•. |
34256.
34188.
34138.
34446.
34353.
34156.
1... I
34217.
8... |
34172.
33944.
34111.
1 5 . . . f 34370.
34309.
33919.
33875.
22.. . |
33877.
34349.
34262.
34150.
29...1
34385.
34284.
34051.
6... |
13... 1
34159.
33947.
34112.
20... |
34408.
34360.
34309.
27... |
34367.
34247.
34256.
34794.
3...|
34592.
34333.
10... |
34362.
34312.
34340.
1 7 ___f
35156.
35102.
34722.
24... |
34463.
34419.
34343.
1.. . |
35145.
35058.
34761.
34514.
34488.
8... t
34389.
15...|
35218.
35149.
34751.
22...|
34744.
34707.
34673.
29...|
350 30.
34764.
35112.

BILLIONS
MEMBER
MONETARY
BASE

BANK

DEPOSITS
|

TOTAL

505.7
505.5
506.7
505.6
507.1
507.6
508.2
507.2
507.1
506.1
507.2
506.7
507.4
508.7
508.8
510.5
508.7
509.5
509.4
508.4
509 . 1
509.5
510.7
512.7
512. 1
513 . 1
513.2
514.6
515.3
514.6
515.2
515.0
515.4
514.3
515.6
514.5
516.7
516.4
516.3
519.3
519.5
520.2
520.8
523.5
521.9
524. 8
523.3
526.4
527.0
528.4
529.4
529.2

|
|
|
\
|
|
|
|
I
|
|
|
|
t
t
1
|
|
|
|
|
|
|
\
|
|
|
1
|
1
|
|
|
|
|
|
1
|
|
\
|
I
|
|
|
|
1
|
(
t
i

336.7
337.1
336.7
337.0
337.3
337.4
337.4
337.5
337.4
337.3
337.7
338.2
339.0
339.7
339.9
339.2
339.4
339.0
338.6
338.4
338.9
339.8
341.1
341.9
342.5
343.7
343.8
344.3
344.3
344.0
343.6
343.5
343.6
344.0
344.1
344.3
344.8
345.5
346.0
346.5
3 4 7.1
347.2
347.7
348.1
349.0
349.3
350 . 4
351.4
352.4
3 5 3.4
353.9
354.4

I
|
|
|
|
|
|
|
|
|
f
|
[
|
|
|
|
|
I
|
|
|
|
|
|
|
|
I
|
|
1
|
|
|
1
|
l
[
|
|
|
I
|
1
|
|
\
|
I
|
|
|

DOLLARS

SUBJECT
PRIVATE

| TIME AND
1
SAVINGS
|

1 11.2
110 . 9
111.2
111.2
111.7
111.2
112.0
1 1 1.7
112.5
112.1
112.4
112 . 3
113.0
112 . 7
1 1 3.0
1 13.2
1 1 3,4
114.2
113.6
114. 1
114.1
114.4
114 . 0
114.8
114. 1
115. 1
115.1
114.8
115.1
115.2
115.8
115.3
115.9
115.7
116.1
115 . 8
116.3
1 1 5.9
116.5
116.6
116.6
116.9
117.0
117.6
117.2
1 18.2
117.6
118.4
117.8
1 1 8.7
118. 3
1 1 8.8

OF

TOTAL
166.2
165.5
167.0
165.7
166.6
166.9
167.3
166.4
166.7
165 . 9
166.6
165.7
165.6
166.1
166.2
168.5
166.8
167.9
168.3
1 67.4
167.5
166.9
166.7
167.8
1 6 6.7
166.3
166.7
167.7
168.2
167.4
168 . 5
167.8
168.3
167.0
168.4
166.1
168.7
168.0
167 . 2
169.8
1 6 9.3
169.8
169.7
171.6
169 . 5
172.1
169.6
171.8
171.2
172.0
1 7 2.5
171.8

TO R E S E R V E

REQUIREMENTS

DEMAND DEPOSITS
NET
INTERBANK |
12.3
11.7
1 3.4
12.6
12.1
11.9
12.9
1 2.2
11.9
12.8
11.9
11.6
10. 9
11.7
11. 5
12.0
11. 4
12.0
11.5
11.8
11.9
10.6
11.5
11.9
11.6
11.6
11.8
12. 4
12.5
12.1
12.5
11.6
11.6
11.1
12.1
12.4
13.1
12. 4
12.3
12.6
12.7
12.8
1 2.5
13.2
12.4
14.2
13.8
13.3
13.4
13.6
13.6
13. 1

\
|
|
1
|
|
I
|
l
|
I
|
|
|
|
|
|
|
|
\
|
f
|
I
|
|
|
|
|
\
|
|
I
|
|
|
\
|
|
|
|
|
|
t
\
|
|
|
|
|
I
|

OTHER
153.9
153.9
153.5
153.1
154.5
155.0
154.5
154.2
154.8
153.1
154.7
1 5 4.1
154.7
154.4
154.7
156.5
155.3
155.9
156.8
155.6
155.6
156.3
155.2
155.9
155.1
154.7
154.9
155.3
155.7
155.4
156.0
156.2
156.7
155.8
156.3
153.7
155.6
155.6
154.9
157.2
156.6
157.0
157.2
158.4
157.1
157.9
155.8
158.5
157.8
158.4
158.9
15a. 8

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
\
|
l
|
1
|
|
|
|
I
|
|
|
|
|
|
|
|
|
\
|
|
|
\
|
1
|
|
|

0. S.
GOVT
DEMAND
2.8
2.9
3.1
2.9
3.1
3.3
3 .5
3.3
2.9
2.8
2.8
2.8
2.8
3.0
2.7
2.8
2 .5
2.6
2.4
2.6
2 .7
2.7
2.9
3.0
3.0
3.2
2 .7
2.6
2.8
3 .2
3.1
3.7
3.5
3.4
3.0
4.1
3.1
2.9
3.1
3.0
3.1
3.2
3.3
3.8
3.3
3.4
3.4
3.2
3 .4
3.1
3.0
2.9

TABLE 3
AGGREGATE RESERVES AND WEBBER BANK DEPOSITS
SEASONALLY ADJUSTED
|

1979




JAN
JAN
JAN
JAN
JAN
PE B
PE B
PEB
PEB
WAR
HAN
HAN
HAN
APN
APN
AP N
APN
HAT
HAT
HAT
HAT
HAT
JON
JON
JO N
JON
JO L
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SE P
SEP
SE P
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

BILLIONS OP DOLLARS

HILL IONS O P D O L L A R S

1
.1
1 d e p o s i t o r y '’ I N S T I T U T I O N S R E S E R V E S |
1
1
1
1
1
I
!
1 MONETARY 1
NON BASE
1
1
1
I
1
total
1
1 BORRONED 1 REQUIRED 1
1
l
1
1
1
1
.1
.1.
.1.
J4
1
1
8
8
.
3... |
41914.
40731.
1
4
3
.
4
1
«
1
1
10...|
40843.
142.3
40035.
40721.
1
1
1
1
17... 1
1
4
3
.
5
41726.
40830.
4
1
3
2
2
.
1
1
1
1
24...|
4116 7 .
40260.
41183.
143.1
1
1
1
1
143.7
41568.
40140.
31... I
1
1
1
1 41228.
7...|
40817.
41096.
143.2
40279.
1
1
1
1
14...|
40930.
39876.
143.2
1
1 40819.
1
1
41087.
21...1
407 3 0 .
143.5
40149.
I
1
1
1
143.0
28... |
40377.
39294.
40288.
1
1
1
1
7...|
41123.
143.9
1 40096.
1 40919.
1
1
1 4 . . .|
40691.
39809.
143.6
1
1
1
1 40590.
406 1 7 .
21... |
40763.
39739.
143.9
1
1
I
1
28.••|
40399.
39317.
143.8
1
1
1
1 40316.
4...|
40809.
1
4
4
.
4
39942.
4
0
4
2
1
.
1
1
1
1
40402.
40246.
144.0
39774.
11...|
1
1
1
1
1 8 . . .|
144.5
40708.
39759.
1
1 4 0 550.
1
1
25...(
40661.
39670.
144.7
1
1
1
1 40548.
41064.
40914.
2... \
39847.
145.3
1
1
1
9...|
40767.
145.0
39279.
1
1 40693.
1
1
40838.
145.4
16.. .|
39079.
1
1
f
t 40581.
23...|
40435.
145.2
38732.
1
1 40418.
1
1
3 0 . . .|
40515.
40332.
145.5
38188.
1
1
1
1
6...|
40648.
39308.
145.8
1
1
1
1 40288.
40151.
1 3 . . .|
145.5
38852.
\
1 40073.
1
1
20... |
4
0
4
9
7
.
40629.
39305.
146
.
1
1
1
1
1
27...|
40506.
38920.
146.3
1
1
1 40355.
1
4... |
41009.
4
0
3
6
3
.
1
4
7
.
0
39332.
1
1
1
1
40298.
39357.
146.4
11... I
1
1
1 40335.
1
18...|
39787.
40969.
147 . 3
1
1
1 40602.
1
25...|
40780.
39488.
147.3
1
1 40794.
1
1
1...1
40982.
40036.
40692.
147.8
1
1
1
1
8. • • |
40852.
40090.
147.9
1
1
1 40711.
1
15...1
41108..
4080 9 .
148.5
40085.
1
I
1
1
22...|
41006.
39620.
409 9 2 .
148.6
1
1
1
1
4104
7
.
41417.
2 9 . . .|
40300.
149.3
1
1
1
I
5...J
41374.
40969.
40034.
149.3
1
1
1
1
41114.
12...|
1
4
9
.
4
41016.
39884.
1
1
1
1
19 . . . [
4 1287.
41484.
150.0
39722.
1
1
1
1
26... |
41470.
40311.
150.1
1
! 41444.
1
1
3... |
41883.
41516.
150.7
40769.
!
1
[
1
10...|
42074.
41137.
4 1 533.
150.9
1
1
\
1
17...1
41803.
4 1819.
40275.
150.9
1
!
1
1
24... |
41806.
416 4 2 .
38846.
150.9
1
1
1
1
31... |
43247.
40196.
42888.
152.6
1
1
1
1
7... |
42773.
40845.
1 5 2.2
1
1 4 2364.
1
1
14...f
43221.
41360.
152.8
1
I 42924.
1
t
21...|
42970.
41106.
4
2
8
6
5
.
1
5
2
.
7
1
1
1
1
28...|
43184.
41189.
153.0
1
1 4 3018.
1
1
5. .. |
43332.
41513.
152.8
1
t
1 430 8 4 .
1
12...|
43546.
42257.
153.4
1
1 43180.
1
1
19...1
43302.
41616.
153.3
1
1 43150.
1
1
26... |
43557.
42332.
153.9
1
1 43191.
1
1

HEHBER

BANK

DEPOSITS
|

TOTAL

618.6
618.3
619.7
617.8
618.6
617.7
615.4
619.4
617.6
617.1
615.3
615.6
614.9
617.0
618.1
620.2
618.9
618.2
616.7
615.8
615.1
613.3
615.5
614.6
614.9
615.5
617.6
619.0
618.7
619.6
621.3
624.0
625.2
625.0
626.2
628.8
631.0
632.4
633.2
635.4
635.5
640.4
638.0
637.8
641.1
641.7
642.4
643.7
644.8
646.5
644.4
646.6

S U B J E C T TO R E S E R V E
PRIVATE

l TIRE AND
|
SAVINGS

|
|
|
|
|
|
|
|
|
I
|
I
|
1
|
|
|
|
|
I
|
|
|
|
1
|
|
I
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I
|
1
|
I
|

429.4
429.9
431.3
432.2
432.6
432.2
432.9
433.2
433.5
432.9
432.7
431.9
431.9
431.9
432.6
431.8
431.5
431.3
430.9
430.3
429.6
428.6
427.0
426.8
427.6
428.3
429.3
429.5
430.1
431.2
432.8
434.7
435.8
436.7
437.8
439.0
440.3
442.0
443*0
444.1
445.6
446.9
447.5
448.1
449.1
450i 2
450.1
451.3
452.1
452.2
452-0
451.8

I

TOTAL

|
|
I
|
I
|
|
|
|
1
|
|
|
I
|
1
|
I
|
|
f
|
|
I
|
|
1
1
1
|
|
|
1
|
I
|
|
|
|
|
|
1
|
I
|
|
I
|
I
|
I
I

187l3~
186.4
186.5
183.5
183*9
183.4
180.5
184.3
182.5
182.2
180.8
181.8
181.3
183.0
183.6
186.4
185.9
1 85.1
183.8
183.6
183.5
182.7
186.4
1 8 5.7
184.8
185.8
186.5
187.6
186.8
186.. 7
186.7
186.5
186.8
186 6
186.8
187.9
188.1
188.6
188 . 8
189.7
188 . 4
191.7
188.8
187.9
190.0
189.6
190.2
190.5
190.8
191.9
190.9
193.1

DEHAND

DEPOSITS

NET
1
1 INTERBANK I
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
f
\
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
1
1
1
1
1
1

13.2
12.6
12.0
11.8
11.2
1 0.8
8 .2
10.4
10.6
11.2
11.4
11.6
11.8
12. 2
11.9
12.1
12.0
11.9
1 1.0
11.2
11.1
11. 4
11.5
11. 6
11.7
1 1.8
1 2.4
12. 4
12.5
1 2.6
12.4
11.9
11.8
11. 7
12.0
12.9
13.0
13.6
13. 9
1 4.3
14.0
17.2
14.6
14.5
14.8
14.4
14. 7
15. 1
15.1
15.9
14.8
16.7

REQUIREHENTS

|
1
|
|
|
|
|
|
|
|
1
1
|
1
|
|
I
I
|
|
1
|
I
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
l
|
|

OTHER
174.1
173.7
174.5
171.7
172.7
172.6
172.4
173.8
171.9
171.0
169.5
1 7 0.1
169.5
170.8
171.7
174.3
173.9
173.2
172.8
172.4
172.5
171.3
174.9
174.2
173.1
174.0
174.1
175.2
174.3
174.1
174.3
174.7
175.0
174.9
174.8
175.0
175.1
175.0
174.9
175.4
174.4
174.5
174.3
173.3
175.2
175.2
175.6
175.5
175.7
176.0
176.2
176.4

1
1
1
1
r
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
\
i
i
\
i
i
i
i
i
i
i
i
i
i
i
i

u.s.
GOVT
DEMAND
2.0
2.1
2.0
2.0
2.1
2.0
1.9
2.0
1.6
2.0
1.7
1.9
1.7
2.1
2 .0
2.1
1.4
1.7
1.9
1.9
2 .0
2.0
2.1
2.1
2.5
1.4
1.8
1.9
1.8
1.7
1.7
2.7
2.5
1.7
1.6
1.9
2.6
1 .8
1.3
1.6
1.5
1.7
1.7
1.8
2.0
1.8
2.0
1.9
1.9
2.4
1.5
1.6

TABLE 3
A GGREGATE RB S E P V E S AND BERBER BANK
SEASONALLY ADJUSTED

1978




JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
HA N
RA P
BAR
BAR
BAB
APR
APR
APR
APR
RAY
HAY
RAY
HAY
HAY
JUN
JON
JON
JON
JOL
JUL
JUL
JOL
AOG
AOG
AOG
AO G
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOT
NO V
NO?
NO?
NO ?
DE C
DEC
DE C
DPC

B I L L I O N S OP D O L L A R S
I
1
| D EPOSITORY INSTITUTIONS RESERVES
1
1
NO N 1
TOTAL
BORRONED
REQUIRED
1
1
1
361317” '
3641 8 .
4...1
35912.
36230.
35925.
35788.
1 1 . . .|
3700 7 .
1 8 . . .|
36589.
36746.
25...|
36731.
36139.
36416.
36250.
36 7 1 9 .
1... |
36561.
36500.
8...1
36993.
36623.
37179.
15...|
36898.
37001.
36474.
36920.
36628.
22...1
3 6 669.
36278.
36549.
1.. . |
8. • • |
3666 2 .
36266.
36398.
36590.
15...|
36342.
3 6459.
36723.
36443.
22...|
36575.
36818.
2 9 . . .|
36432.
36583.
3696 5 .
36661.
5...|
36658.
36604.
36775.
36787.
12 ___ |
37230.
1 9 . . .|
36992.
36925.
36783.
35974.
26...|
36840.
3 7 336.
35672.
3...I
37021.
37367.
10...|
35679.
3 7 184.
3 7 317.
36451.
1 7 . . .|
37311.
37382.
36681.
37135.
24...|
37692.
36293.
37293.
31...|
7. • • |
373 9 8 .
36753.
3 7349.
14... |
37866.
37073.
37753.
36637.
378 3 1 .
21... |
37605.
28... |
37724.
36008.
37556.
5...|
38443.
37250.
37724.
3 7 524.
12...|
36621.
37751.
1 9 . ..|
38816.
37227.
38444.
26...|
37 7 6 2 .
36300.
37799.
37967.
2... |
36529.
37614.
37833.
9. • . |
36955.
37818.
38150.
37187.
16.• • |
37827.
23... |
37722.
36116.
37731.
30... |
38089.
37066.
37820.
37004.
3 8 169.
6...|
37864.
38111.
37601.
1 3 . . .|
37998.
38080.
37157.
20... |
37905.
27...|
38262.
36702.
38039.
4...1
38306.
37020.
38183.
38 6 6 8 .
37429.
38318.
11... 1
18...|
36720.
37970.
38089.
2 5 . ..|
38249.
36935.
37930.
3799
0
.
36685.
1... |
37877.
8.. . |
38297.
37599.
37956.
15...1
38149.
37516.
37904.
22...|
41063.
404 5 9.
40913.
29...1
41315.
40523.
41162.
6... |
40531.
41229.
40902.
1 3 . . .|
4096 6 .
40375.
408 1 4
20... 1
40924.
41161.
40594.
27... \
40R64.
39451.
40919.

DEPOSITS

BILLIONS
BERBER
ONETARY
BASE
TOTAL

128.6
128.5
129.5
129 . 4
129.6
129.9
130.3
130.2
130.1
130 . 3
130.4
130.8
131.1
131.2
131.1
131.6
131.5
132.3
132.6
132.8
133.0
133.5
133.3
134.0
134.1
1 3 4.2
135 . 0
1 34.2
135.6
134.6
135.1
135.0
135.6
135.4
136.0
136.2
136.4
136.6
137.0
137.1
1 37.6
137.1
137.5
137.6
138.1
138.1
141.3
141 . 8
141.8
141.7
142.0
141.9

573.6
572.0
573.2
573.9
577.5
575.8
575.9
576.0
577 . 1
578.9
579.6
580.9
582.4
583.9
5 84.1
586.7
588.8
590.2
590.3
591.9
593.5
597.0
595.9
596 . 1
596.5
598.0
603.6
600.0
599.4
601.7
602.4
602.0
603.0
604.0
605.8
605.8
607.5
608.6
610.8
609.0
607.7
607.3
609.6
611.0
612.8
615.5
614.6
614.4
615.6
616.2
617.6
614.9

BANK

DEPOSITS

T I N E AND
SAVINGS

”*38775
387.6
388.1
388.6
389.8
391.2
391.9
393.0
394.3
395.6
396.5
397.5
397.9
398.8
399.3
400.9
402.1
403.5
404.7
405.7
406.9
408.2
408.1
408.6
408.0
409.1
410.5
411.1
412.0
412.6
413.2
413.7
414.3
415.3
416.5
417.4
418.7
419.0
419.0
418.6
418.1
418.1
420.1
422.4
424.5
425.8
427.0
427.0
427.6
428.6
429.0
429.0

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
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
1
1
1
1

OF

DOLLARS

|

S U B J E C T TO R E S E R V E R E Q U I R E H E N T S
PRIVATE

TOTAL
181 . 0
181.3
181 . 9
182.2
184.6
181.3
181 . 1
180.0
179.2
179.9
179.8
179.8
181.2
181.9
181.5
182.5
183.2
183.5
182.6
183.3
183.4
185.5
1 8 5.1
184.7
184.9
185.3
185.9
185.6
1 8 4.8
186.0
186.1
185.2
185.8
185.6
185.9
185.2
185.8
185.8
187.4
185.6
186.0
186.3
186.4
185.8
185.7
187.3
185.8
185 . 2
185.9
185.6
1 86.0
184. 1

DERAND DEPOSITS
NET
INTERBANK
12.4
12.2
12.3
12.4
1 2.5
12.7
12.5
12. 3
12.5
12.5
12. 5
12.6
12.8
13.2
12.7
13.6
13.7
13.0
12.8
12.5
12.5
13.2
1 3.2
12.8
13.5
13. 3
13.4
13.2
13.2
13.1
13.0
12.5
12.7
12.6
12. 6
11. 4
11. 6
11.6
12.5
11.7
11.5
11.7
1 2.7
12. 1
12.2
13.8
1 2.6
12.2
12.2
12.2
12.7
12. 1

OTHER
168.6
169.0
169.6
169.7
172.1
168.6
168.6
167.6
166.7
167.4
167.4
167.2
168.4
168.6
168.8
168.8
169.5
170.5
169.8
170.8
170.9
172.3
171.9
171.9
171.4
172.0
172.5
172.4
171.7
172.9
173.1
172.8
173.0
173.1
173.3
173.8
174.3
174.2
174.9
173.9
174.5
174.5
173.7
173.7
173.5
173.5
173.2
173.1
173.7
173.4
173.3
172.0

1

1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
j
|
|
|
|
[

U.S.
GOVT
DEHAND
5.3
3.1
3.3
3.1
3.1
3.3
3.0
3.0
3 .7
3.3
3.3
3.6
3 .3
3.2
3.4
3.3
3.5
3 .2
2.9
2.9
3.2
3.2
2 .7
2 .8
3.6
3.6
7.1
3 .3
2.6
3.1
3.1
3.1
2 .9
3.1
3.3
3.2
3.0
3.9

4.4
4 .7
3.5
2.9
3.1
2.9
2 .6
2.4
1.9
2.1
2.1
2.1
2.5
1.9

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
MILLIONS OP DOLLARS
1
9
i
|DEPOSITOR! INSTITUTIONS RESERVES?
1
I MONETARY
I
I
1
BASE
NON1
1
1
I
TOTAL
1
1 BORROWED 1 REQUIRED I
I
1
1
1
197 5




M l
JAR
JAR
JAR
JAR
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MA R
APR
APR
APR
APR
APR
NAY
BAY
RA Y
BAY
JON
JOR
JON
JOR
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
ROV
ROY
ROY
NOV
DEC
DEC
DEC
DEC
DEC

1...I
8... |
1 5 . ..|
22...1
2 9 . . .|
5...I
12...|
19. • «
26..
5...|
1 2 . . .|
1 9 . . .|
26... |
2...|
9...1
16...|
2 3 . . .|
3 0 . . .|
7...1
14...|
21... |
28...?
4...|
11... |
18...|
25...1
2...I
9... |
1 6 . . .|
23...|
30... |
6...|
13...|
20... |
2 7 . . .|
3... |
10..
17...?
24...?
1... ?
8...|
15...|
22...|
29...|
5... |
12...|
1 9 . . .|
26... |
3...1
10... |
17...|
24...|
3 1 ...(

36847.
36319.
36289.
36500.
36370.
36567.
36241.
35126.
34976.
35252.
35100.
34865.
35159.
35266.
35088.
35198.
34892.
34919.
34882.
34577.
34770.
34612.
34956.
34438.
35205.
3488?.
35280.
34859.
3482*».
34697.
34866.
34729.
34536.
34812.
34833.
34942.
34732.
35018.
34797.
35228.
34532.
34860.
34525.
34806.
35080.
34034.
34623.
34807.
34920.
34624.
34763.
34459.
34708.

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
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
i

36286.
36000.
35680.
35906.
36228.
36469.
36151.
34897.
34796.
35182.
35040.
34698.
35004.
35215.
35058.
35176.
34727.
34678.
3484 8 .
34560.
34649.
34528.
34872.
34400.
35128.
34694.
34409.
34637.
34619.
34315.
34613.
34549.
34357.
34608.
34561.
34720.
34347.
34691.
34402.
34647.
34293.
34687.
34292.
34711.
35013.
33995.
34565.
34733.
34853.
34594.
34718.
34240.
34455.

|
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
1
1
1
I
1
1
1
1
f
1
1
\
1
1
1
1
1
1
1
1
1
1
1
1
1
f

36270.
36182.
36331.
36314.
36196.
36172.
36182.
34968.
34817.
34843.
34870.
34845.
3 5015.
34987.
34970.
349 7 9 .
3 4 822.
34730.
34571.
34578.
34699.
344 4 8 .
34622.
34474.
34871.
3479 1 .
34884.
3 4726.
34748.
34494.
34585.
3453 0 .
3 4520.
34601.
34537.
3 4641.
3473 8 .
34751.
34764.
3 4766.
345 5 6 .
34547.
34496.
345 2 0 .
34216.
34022.
34438.
34595.
34591.
34458.
3 4516.
34248.
342 9 4 .

|
10775
106.8
I
106.9
1
107.2
1
107.2
1
107.4
1
107
.1
1
1 06.1
1
106.2
1
106.6
1
106.6
1
106.6
9
107.0
I
107.0
1
106.7
1
106.7
9
106.5
1
106.9
1
107.0
1
106.9
1
107.3
I
107.3
1
107.9
1
107.6
1
108.6
!
108.4
1
108.9
1
108.5
1
108.6
1
108.6
1
108.9
1
1
08.9
1
108.8
1
1 . 109.2
109.3
1
109.5
1
109.3
1
109.6
1
109.4
1
1 1 0.0
1
109.4
1
109 . 9
1
109.8
I
1
10.2
1
110.6
1
109.6
1
110.4
I
110.7
I
111.0
I
110.8
\
111.1
1
110.6
1
111 . 3
t

BILLIONS OF DOLLABS
|

I

MEHBiS BANK

TOTAL

| ” "*489.5
I
490.0
I
490.3
I
490.6
I
490.9
?
490.2
1
489.8
|
490.4
|
491.0
|
490.7
I
492.3
|
492.8
|
493.1
I
493.7
1
492.8
|
492.5
|
492.0
\
492.2
|
493.0
|
492.6
|
493.9
|
493.4
|
496.3
1
496.7
1
497.9
|
497.3
|
497.8
I
496.5
I
497.2
I
496.9
1
496.8
?
497.7
|
497.6
?
498.0
|
498.6
I
499.3
|
500.1
|
500.4
f
499.8
I
500.2
I
500.2
|
501.2
1
501.8
|
501.2
I
503.9
| 505.7
|
506.3
|
506.0
|
506.7
|
505.2
|
505.2
|
504.6
<
504.9

DEPOSITS

I
1 T IME AND
SAVINGS
1
1
i
1
1
1
1
1
9
1
1
1
1
1
1
1
1
1
I
1
1
1
1
?
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
9
1
9
1
1
1
1
1
1
9
1
I
1
I
1
1

32574*
326*3
327.0
32*.0
327.1
326.8
327*3
327.1
327.3
326.8
327.2
32*.7
327.9
328.4
328*1
328.4
328.6
328.7
327.9
328.6
328.6
328.7
328.6
329.2
3?9.7
329.8
330.1
330.1
330.3
330.3
330.3
330.5
331.1
330.7
330.5
331 3
331.9
332.3
3?3.0
133.8
334.2
335.1
335.0
335.6
335.5
33C.1
336.8
337.5
337.8
338.0
337.4
337.4
337.1

|

|
|
1
|
1
1
|
1
|
I
|
I
|
9
I
|
|
9
|
|
|
|
|
I
9
|
?
I
|
I
|
|
9
|
9
|
I
|
9
9
|
|
f
9
|
9
9
|
9
9
|
|
|
I

SUBjiCT
PRIVATE

TOTAL
16175
160.7
160.5
160.9
160.5
160*8
160.2
161.1
161.4
161.7
162.6
162.3
162.5
162.5
161.8
161.3
160.6
160.4
161.4
161.7
162.9
162.6
1 65.1
164.6
165.4
164.8
165.2
163.6
164.1
163 . 8
164.0
164.5
164.1
164.8
165.3
165 . 1
165.3
165.3
164.2
164.0
163.1
163.2
163.7
163.1
165.5
166.4
166.4
165.7
165.9
164.3
164.9
164.3
165.1

TO R ESERVE R E Q o I r 5 h 5 n TS ~
DEMAND

DEPOSITS

RET
INTERBANK
T575
12.4
12*4
12*2
12*3
12.1
11.9
12.3
12.4
11.9
12.2
12.2
12.3
11.5
12.0
11.9
11.5
11.6
11.1
10.9
11.3
10.5
12.2
11.6
11.4
11.5
11.5
n. 1
ll.i
11.6
11.8
11.1
11.4
11.6
11.6
11.6
11.7
11.4
11.8
11.6
12.1
11.4
11.6
12.0
12. Z
12.6
12.2
11. 9
13. 3
12. 2
12.5
12.2
11.4

OTHER
“

4775
148.3
148.1
148.7
148.3
148.7
148.3
148.8
149.0
149.8
150.4
150.1
150.2
151.0
149.8
149.4
149.1
148.8
150.3
150.8
151.6
152.1
152.8
153.1
154.0
153.4
153.7
152.5
152.7
152.3
152.2
153.3
152.6
153.3
153.7
153.5
153.6
153.9
152.4
152.4
151.0
15.1.8
152.1
151.1
153.4
153.8
154.2
153.8
152.7
152.0
152.4
152.1
153.7

1

|

O.S.
GOVT
DEMAND

9
9
9
|
9
|
|
9
|
|
|
9
9
|
|
9
|
|
9
|
|
9
9
|
|
9
9
|
J
|
|
9
|
9
|
|
|
|
|
|
9
|
1
J
|
9
|
|
9
|
|
9
|

3.1
3 .0
2.7
2.7
3 .3
2.5
2.3
2.2
2.3
2.2
2.5
2.7
2.7
2.8
3 .0
2.8
2.7
3.1
3.7
2.4
2.4
2.1
2.6
2.9
2.8
2 .7
2 .5
2.8
2.8
2.7
2.5
2.7
2.5
2.5
2.8
3.0
2.9
2.7
2.6
2 .4
2.9
2.9
3.1
2.5
2.9
3.1
3.1
2.8
3.0
2.9
2.8
2.9
2.7

?

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

197*1




JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
HAR
HAR
MAR
HAR
APR
APR
APR
APR
NA Y
RAY
HA Y
HAY
BAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
O CT
O CT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

M I L L I O N S OP D O L L A R S
1
l_
ID !5PO SITO R Y IN S T I T U T I O N S R E S E R V E S
1
1
NON!
BORROWED
TOTAL
R E Q U IR E D
\
\
I
34557.
34945.
33735.
2...)
9.. . 1
34352.
35042.
35128.
35263.
16..
35591.
34603.
35205.
33940.
23...1
35122.
34244.
35464.
35205.
3 0 . . .|
35110.
35234.
34236.
6... |
13...|
34260.
35119.
35413.
20... |
35305.
35191.
33929.
35011.
35217.
27...1
33966.
34937.
6... 1
35055.
34143.
35100.
35216.
13...|
34233.
20.••1
35456.
33973.
35376.
35163.
2 7...|
33450.
34994.
35550.
34047.
35324.
3. •. |
35340.
1 0 . . .|
34146.
35278.
17...|
35980.
35651.
34164.
2*1... I
35759.
33820.
35620.
36242.
34085.
36065.
1... |
8. • • 1
36078.
34462.
35943.
15...|
36400.
36224.
34423.
36429.
22...1
36300.
33339.
3
2
9
8
0
.
29... |
36586.
36407.
5 ... |
36682.
33628.
36457.
12...1
36503.
33774.
36372.
1 9 . . .|
36948.
36701.
33725.
26...|
36809.
36710.
34021.
37194.
3...|
33759.
36825.
10...|
37079.
34439.
36801.
17...|
37384.
37400.
34209.
24...1
37168.
33527.
37053.
37179.
33489.
36995.
31...1
7...1
37224.
34135.
36996.
37279.
14...|
34238.
37166.
3
7
3
9
8
.
2 1 ___ |
33961.
37189.
28...|
37443.
33910.
37297.
4...1
33785.
37691.
37370.
37390.
34306.
11...|
37281.
18...|
37461.
37543.
34622.
25...1
37101.
33570.
37027.
2. . • |
37443.
36987.
34225.
34641.
36941.
9.. . |
36886.
16... |
37311.
35567.
36984.
23...|
36505.
35183.
36664.
3 0 .'. • |
35254.
36892.
36649.
6... |
37170.
36847.
36045.
13...I
36716.
35619.
36572.
20... |
36776.
35409.
36749.
27...|
36968.
35489.
36658.
4.. . 1
37102.
36819.
36032.
11... |
36523.
35875.
36682.
1 8 . ..|
36470.
35652.
36253.
25...|
36588.
35926.
36159.

B IL L IO N S
HEM! B E R
MONETARY
BASE

BANK

D E P O SIT S

OF D O L L A R S
SUBJECT
P R IV A T E

T I M E AND
SA V IN G S

TOTAL

TOTAL
98.9
99.2
99.8
99.4
99.9
99.8
100.1
100.1
100.2
100.2
100.5
100.8
100.6
101.2
101.0
101.9
101.8
102.4
102.3
102.8
102.9
103.2
103.4
103.3
103.8
103.7
104.2
104.1
104.5
104.3
104.6
104.7
104.9
105.2
105.4
105.7
105.6
105.8
105.5
106.1
105.6
106.2
105.6
106.1
106.5
106.2
106.4
106.7
107.0
106.6
106. 6
10f . 8

447.4
447.3
448.0
448.7
449.2
450.1
449.3
448.9
450.2
451.8
449.6
451.4
452.0
455.3
456.5
459.8
460.2
462.5
463.4
464.6
465.5
465.9
468.3
468.5
469.9
470.4
474.2
473.1
473.3
474.1
475.7
476.4
477.6
478.5
478.4
479.4
480.2
480.5
480.8
482.1
480.6
480.7
481.8
480.5
483.1
483.3
484.3
484.2
485.9
486.6
488.0
489.

\

281.4
281.6
282.4
283.9
284.8
285.5
286.0
286.4
286.8
286.8
287.0
287.2
288.6
290.6
293.3
295.0
297.0
298.4
299.7
300.8
301.8
303.4
304.2
304.9
305.9
306.7
307.5
308.3
309.6
311.3
312.6
313.4
31*».6
315.3
316.0
316.5
317.0
317.0
317.4
317.9
318.2
318.4
31^.0
318.9
319.5
320.0
319.8
320.1
320.3
321.9
323.4
324.7

159.8
159.0
159.3
158.7
158.3
158.7
158.8
158.8
158.9
160.0
158.8
159.4
159.0
159.9
159.0
160.7
159.1
159.1
158.4
158.8
159.0
158.1
159.9
159.6
159.7
158.9
161.4
160.0
160.0
159.0
159.5
159.3
159.3
159.1
158.3
159.3
159.5
159.3
159.1
159.9
158.9
159.3
159.8
158.7
160.7
160.4
161.5
160.8
162.4
161.6
161.4
159.9

TO R E S E R V E
DEHAND

R E Q U IR E S ENTS

D EP O SITS

I
NET
|
1 IN T ERBAN K!
1
1
1
11.1
11. 1
|
11.0
|
10.9
1
11. 1
|
10.6
I
10.5
|
9.9
1
|
10.2
10.5
|
|
10. 1
11.0
|
10.8
|
11.4
\
|
11.1
|
11.1
11.3
|
11.6
|
10.8
\
10.9
|
10.4
|
1
11.0
11.5
|
11.8
\
|
11.9
|
11.2
13.4
|
12.7
|
1
11.9
|
11.5
11.5
|
|
11. 1
|
10.8
\
10.8
10.4
|
|
10.9
|
11.1
11.0
I
10-8
\
11.0
|
|
10.9
|
11.6
12.0
|
\
10.7
\
11.5
|
11.3
11.7
|
|
11.8
l
12.8
|
12.9
|
12.8
|
12.5

OTflER
148.6
147.8
148.3
147.8
147.2
14 8 . 1
148.3
148.9
148.7
149.4
148.7
148.5
148.2
148.4
147.9
149.7
147.8
147.5
147.6
147.9
148.6
147.1
148.4
147.8
147.8
147.8
147.9
147.3
148.1
147.5
148.0
148.3
148.6
148.4
147.9
148.3
148.4
148.3
148.3
148.9
148.0
147.7
147.8
148.0
149.2
149.1
149.8
149.0
149.6
148.7
148.5
147.4

-j

|
|
\
1
|
1
I
\
|
[
|
|
|
|
|
|
|
\
|
|
|
|
\
|
|
|
|
\
|
|
|
|
1
|
|
|
|
1
I
|
|
1
\
|
|
|
|
|
|
|
|
|
|
|
1
|

U .S.
GOVT
DEMAND
6.3
6.8
6.3
6.1
6.1
5.8
4.5
3.7
4.5
5.1
3.7
4.7
4.4
4.9
4.3
4.1
4.0
5.0
5.3
5.0
4.6
4.4
4.2
4.0
4.3
4.8
5.4
4.8
3.7
3.7
3.6
3.7
3.7
4.1
4.1
3.6
3.7
4.1
4.2
4.3
3.5
3.0
3.0
2.9
2.8
2.8
3.0
3.3
3.2
3.0
3.3
3.4

TABLE 3
AGGREGATE RESERVES AND HEHBER BANK DEPOSITS
SEASONALLT ADJUSTED
B IL L IO N S
D EPO SITO RY

1973




JAN
JAN
JAN
JAN
JAN
PEB
FEB
FEB
FEB
HAR
HAR
HAR
HAR
APR
APR
APR
APR
HAT
HAT
HA T
HAT
HA T
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

!
1
1
1

TOTAL

3...I
10...!
17...|
2 d ... 1
3 1 . . .|
7... |
m —
i
2 1...|
2 8 ...|
7... \
1U ...|
21...!
2 8 ...|
4.. . I
11...!
18... |
2 5 ...I
2...|
9 ...I
16...|
2 3 . . .|
30...!
6...I
13...!
20... !
27... |
d.. . |
11...|
18... |
25...!
1... |
8... |
15... !
2 2 ...|
29...!
5.. . |
12...I
19... !
2 6 . «,. |
3... |
10... |
1 7 -----|
2d...?
31...|
7... |
Id ...!
21... |
28.•.!
5...!
12...|
1 9 -----1
26... 1

31850.
313d2.
31997.
31328.
31950.
31591.
31715.
31952.
31525.
32280.
31802.
32173.
32023.
3260d.
31893.
32315.
32210.
32053.
31973.
32521.
32106.
32271.
32d77.
32106.
325d3.
32550.
33282.
32650.
3335d.
33667.
3d 1 6 0 .
3381d.
3d 170.
33969.
3d219.
3d595.
3d1d0.
3U256.
3d273.
34632.
35035.
3d82d.
35302.
35167.
3d969.
35079.
35155.
34709.
35096.
34623.
35050.
35208.

B IL L IO N S

OP D O L L A R S

IN S T IT U T IO N S

1
!
! R E Q U IR E D
1
.1.
300997" ! "“ 312727” “
3119T.
30651.
1
31668.
30704.
!
30234.
31361.
»
30640.
31495.
1
31473.
30359.
1
31528.
29723.
1
3
1447.
30282.
1
31546.
30046.
1
31944.
30595.
1
31777.
30311.
!
30034.
31925.
!
31935.
30012.
1
30849.
32068.
!
31984.
30394.
!
30467.
32078.
1
30564.
31872.
1
31822.
30179.
1
32054.
30489.
»
32181.
30706.
I
30418.
32012.
t
29871.
32126.
1
30813.
32133.
I
32104.
30406.
!
ft
32399.
30615.
&
30701.
32330.
!
32650.
30882.
t
30971.
32656.
1
32897.
31632.
1
33654.
31587.
1
32065.
3
3661.
1
33739,.
31809.
1
32254.
33856.
1
31835.
33930.
1
31661.
34096.
1
32234.
34105.
1
33996.
32653.
*
34107.
32650.
1
32083.
34189.
!
34175.
33112.
!
34615.
33682.
!
34904.
33662.
!
33387.
34895.
1
33712.
34993.
1
33798.
34712.
!
33558.
34933.
1
33 59 7. ,
34786.
1
33422.
34643.
1
33618.
34658.
!
33320.
34651.
!
3356234739.
1
34169.
34736.
!

NONBORRORED

HEHBER

RESERVES
HONETART
BASE

9075
90.5
91.1
90.5
91.2
90.9
91.2
91.5
91.1
91.9
91.6
92.1
92.0
92.7
92.1
92.7
92.7
92.7
92.7
93.4
93.0
93.3
93.6
93.3
93.8
94.0
94.8
94.2
94.9
95.3
95.9
95.5
96.1
95.9
96.3
96.7
96.4
96.6
96.7
97.1
97.6
97.5
98.0
98.1
97.8
98.1
98. 3
98.0
98.4
98. 1
98.7
99.0

I
!
I
I
f

TOTAL

BANK

D E P O SIT S

1
1 T I R E A ND
S A V IN G S
I
!
i

! ” " 4 0 6 7 5 “ “ ” |* “ 2 4 3 7 5 “
404.7
243.3
1
1
243.8
406.0
1
1
244.3
406.3
1
!
245.4
407.3
1
!
246.8
407.7
t
1
248.5
409.6
t
1
249.6
4
1
2
.
8
1
1
4
1
2
.
9
2
51.2
!
1
415.0
252.9
1
1
254.5
416.3
!
1
255.9
417.8
1
1
418.1
257.2
1
I
419.2
258.2
1
1
418.6
259.3
1
1
260.3
418.9
1
1
420.4
260.4
1
1
421.5
261.1
I
!
421.2
262.0
I
1
4
2
2
.
7
2
63.0
1
1
4
2
3
.
3
2
63.9
1
I
264.3
423.5
1
1
425.3
264.2
1
»
424.9
265.0
!
1
426.8
264.7
1
1
427.4
265.6
1
1
266.6
428.8
1
1
267*0
429.1
1
1
429.6
268.0
1
1
430.8
269.4
1
1
271.4
432.6
1
1
4
3
4
.
4
2
73.8
!
1
275*5
436.2
!
1
437.1
277.1
1
1
436.5
277.5
1
1
437.1
277.9
1
1
437.9
278.0
!
278.7
438.3
!
1
278-8
438.2
1
1
440.1
278.3
1
!
278.1
440.3
1
1
4
4
1
.
5
278.2
1
I
440.0
278.7
1
!
441.7
279.3
!
1
278.8
441.2
I
1
278.7
440.5
!
(
4 40.6
278,6
!
1
441.1
279. 1
»
1
441.8
279,8
1
1
280.1
4
4
1
.
9
1
I
280.4
443. 1
1
1
280.5
445.7
!
»

|

OP D O L L A R S
SUBJECT
P R IV A T E

!

TOTAL

|
|
|
|
|
|
|
|
|
|
)
|
I
i
|
|
|
|
1
|
|
|
»
1
|
|
|
|
|
t
|
|
1
|
|
|
|
!
|
1
]
(
|
|
|
!
!
!
|
|
|
!

15675““
155.0
156.0
155.5
155.3
155.2
154.3
155.3
154.3
154.4
154.0
154.0
152.8
153.1
152.7
152.9
153.4
154.3
153.7
154.4
154.2
153.9
155.6
155.6
156.1
155.6
156.2
157.1
156.8
156.3
156.2
155.8
156.5
155.9
155.3
155.5
156.0
155.9
155.1
156.8
156.4
157.5
155.8
156.9
157.4
157.7
158.0
158.2
158.0
158.5
158.5
159.8

TO R E S E R V E
DEHAND

D EP O SITS

NET
I
1 IN T ER B AN K
1
!
1
1
!
1
!
1
1
1
1
!
1
1
I
»
1
1
1
1
1
1
1
!
1
1
!
1
!
1
1
1
1
1
1
1
1
1
1
I
1
1
*
1
!
1
1
1
1
1
1
!
1

10.5
9.5
9.6
9.3
9.6
9.2
9,1
9.1
9.2
8.6
8.7
8.6
8.7
9.5
9.4
9.2
8.8
9.0
8.7
8.9
9.1
8.5
9.1
9.2
9.4
9.3
9.7
10.3
10.0
9.8
9.5
9.3
9.4
9.. 0
9.5
9.6
9.7
9.1
9.4
10.1
9.9
9.8
9.4
10.0
10.3
10.5
10.5
10.6
10.6
10.4
10.4
11.4

R B Q U IR E H E N T S

OTHER
146.0
145.4
146.4
146.2
145.7
146.0
145.2
146.2
145.2
145.8
145.3
145.4
144.2
143.6
143.2
143.7
144.6
145.3
145.0
145.4
145.1
145.3
146.5
146.4
1443
1*163
146.5
146.8
146.8
146.5
146.6
146.4
147.0
147.0
145.9
145.9
146.3
146.8
145.8
146.8
146.5
147.7
146.4
146.9
147.1
147.2
147.5
147.6
147.4
148.1
148.1
148.3

|

1

U .S.
GOVT
DEHAND

|
|
|
1
|
|
\
1
|
1
|
|
|
|
|
|
|
|
|
1
|
!
!
1
I
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
!
|
|
|

676”
6.4
6.2
6.5
6.6
5.7
6.8
7.9
7.4
7.8
7.8
7.9
8.0
7.8
6.6
5.7
6.5
6.1
5.5
5.4
5.3
5.3
5.5
4.3
6.0
6.2
6.1
5.0
4.7
5.1
5.1
4.8
4.3
4.1
3.7
3.7
3.9
3.7
4.2
5.0
5.7
5.9
5.5
5.5
5.0
4.0
3.9
3.8
4.1
3.4
4.2
5.4

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
M IL L IO N S
D EPO SITO R Y

TOTAL

1972”




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
HA Y
HAY
HA Y
H AY
HAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NO?
NO?
NO?
NO?
DEC
DEC
DEC
DEC

5. ••
12...
19...
26...
2...
9...
16...
23...
1...
8...
15...
22...
29...
5...
12...
19...
26...
3...
10...
17...
2d...
31.,..
7...
14...
21...
28...
5 ...
12...
19...
26...
2...
9 ...
16...
23...
30...
6 ...
13...
20...
27...
4...
11...
18...
25...
1...
8...
15...
22...
29...
6...
13...
20...
27...

31844.
31462.
31774.
31641.
31918.
31743.
32049.
31774.
31815.
31780.
32278.
31768.
32458.
32664.
32451.
32293.
32479.
32404.
32519.
32669.
32472.
32736.
32922.
32793.
32967.
32677.
33109.
32845.
33001.
32995.
33356.
33456.
33629.
33305.
33515.
33904.
33117.
33439.
33198.
33707.
33851.
33899.
33844..
34047.
34096.
32272.
30696.
31076.
31304.
31305.
31392.
31320.

OP D O L L A R S

IN S T IT U T IO N S

NONBO RROWED

31787.
31445.
31760.
31629.
31902.
31701.
32031.
31760.
31748.
31677.
32265.
31653.
32305.
32523.
32437.
32250.
32200.
32287.
32432.
32630.
32409.
32482.
32864.
32699.
32908.
32548.
32797,
32618.
32828.
32823.
32993.
33169.
33247.
32957.
33038.
33067.
32968.
32722.
32648.
33271.
33316.
33465.
33079.
33492.
33137.
31778.
30277.
30504.
30715.
30500.
30171.
30202.

1
1
1
1
J 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
1
1
1
1
1
1
1
1
1
»
\
1
1
1
1
1
1
1
1
[
1
1
1
1
1
1
1

I
1
RESERVES!
1
1 MONETARY
BASE
1
R EQ U IR E D 1
1
.186.5
31532.
1
31357.
85.9
1
86.4
31556.
I
31449.
86.3
1
31673.
86.7
I
86.6
31693.
1
31738.
87.0
\
31644.
86.8
1
31733.
87.0
1
31604.
87.0
1
31885.
87.6
1
31901.
87.2
\
32173.
87.9
1
32290.
88.1
1
8
7.9
32285.
1
32352.
87.8
1
32261.
88.1
1
32268.
88.1
1
32328.
88.2
I
32475.
88.5
1
32386.
88.3
1
88.7
32648.
1
32591.
89.0
1
32684.
88.9
1
32755.
89.2
1
32553.
8
9.0
1
32781.
89.5
1
32622.
89.4
\
32854.
89.5
1
32916.
89.5
1
33114.
90.0
1
33326.
90.1
\
33375.
90.4
1
33265.
90.2
1
33288.
90.5
1
33108.
90.9
1
33232.
90.3
1
9
0.7
33233.
1
33161.
90.6
1
33477.
91.2
1
33493.
91.4
\
J3778.
91.7
I
33694.
91.7
1
33842.
92.1
\
33972.
92.1
\
31486.
90.5
1
30507.
89.0
1
30736.
89.6
1
30968.
8
9.8
1
31061.
90.0
1
31186.
90.2
1
31131.
90.2
1

B IL L IO N S
MEMBER

TOTAL

363.2
363.3
365.1
365.5
366.2
366.0
366.7
367.1
368.8
368.9
370.7
371.4
371.6
372.3
372.1
372.8
373.8
375.3
374.7
376.8
376.5
377.4
379.0
377.8
380.0
379.2
381.6
382.4
383.9
385.6
386.4
386.5
387.3
386.6
387.8
388.1
388.7
390.7
391.1
393.6
393.5
395.3
396.6
397.4
398.2
397.8
400.0
401.2
402.3
402.3
403.3
40 3 .5

I
I
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
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
«
I
i
i

BANK

D E P O SIT S

OF D OLLARS
SUBJECT
P R IV A T E

T I M E AND
S A V IN G S
TOTAL
212.5
213.0
213.6
214.3
215.0
215.6
216.0
216.9
217.3
217.3
217.5
217.2
217.7
218.0
218.4
219.3
220.3
220.9
221.4
221.8
222.3
222.9
223.7
224.3
224.9
225.6
226.3
22< . 6
227.3
228.0
228.6
229.5
230.3
230.9
232.0
232.4
233.2
233.3
233.8
234.6
234.8
235.6
236.3
236.9
238.4
239.1
240.1
240.8
241.1
241.7
242.4
243.2

144.5
144.6
145.1
145.4
145.5
144.7
145.7
145.5
146.4
146.3
147.5
147.8
147.2
147.8
147.1
147.3
147.4
147.7
147.0
148.3
147.4
147.8
148.7
148.3
149.0
148.4
149.7
150.7
150.8
150.8
151.2
150.2
150.7
151.1
151.2
151.8
151.9
152.3
151.7
152.8
153.0
153.3
153.3
153.8
153.2
152.9
153.2
152.9
154.0
154.4
155.2
154.8

TO R E S E R V E

R E Q U IR E M E N T S

DEMAND D E P O S I T S
NET
IN T E R B A N K |
11.8
12.6
12.7
13. 1
12.4
12.4
12.8
13.0
12.4
11.9
11.9
10.7
10.6
10.0
10.6
10.4
10.7
10.5
10.1
10.2
10.2
9.8
10.6
10.5
10.6
10.4
10.6
11.4
11.3
11.6
11.2
10.7
10.6
11.0
10.7
10.2
11.0
11.0
10.9
11.0
11.4
11.2
11.0
10.9
10.8
9.9
10.0
9.5
9.6
10.4
10.3
9.8

I
|
|
|
|
|
1
|
1
|
|
|
!
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
t
|
|

OTHER
132.6
132.1
132.5
132.3
133.1
132.4
132.9
132.5
134.0
134.4
135.7
137.1
136.6
137.8
136.5
136.9
136.7
137.3
137.0
138.1
137.2
138.0
138.1
137.8
138.4
137.9
139.1
139.3
139.5
139.3
139.9
139.5
140.2
140.1
140.6
141.6
140.9
141.2
140.8
141.8
141.7
142.1
142.3
142.8
142.4
143.0
143.2
143.4
144.3
144.0
145.0
145.0

\

|
l
|
|
1
|
|
|
|
|
|
|
|
|
|
1
|
|
\
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
\
|
|
|
|
1
|
\
|
|
|
|
1
|
I
|
|
|
|

U .S.
GOVT
DEMAND
6.3
5.7
6.4
5.8
5.7
5.7
5.0
4.7
5.1
5.3
5.7
6.5
6.7
6.5
6.5
6.2
6.2
6.6
6.3
6.7
6.7
6.7
6.6
5.2
6.0
5.3
5.6
5.1
5.8
6.8
6.6
6.9
6.3
4.7
4.6
3.9
3.6
5.2
5.6
6.2
5.6
6.5
7.0
6.7
6.5
5.7
6.7
7.5
7.2
6.2
5.6
5.5

AGGREGATE

M IL L IO N S
D EPO SITO R!

TOTAL

1971




JAM
JAM
JAN
JAM
FEB
FEB
FEB
FEB
MAR
MAM
HAM
HAM
HAM
APR
APR
APM
APR
RAT
N AT
RAT
RAT
JUN
JON
JMN
JON
JOM
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
RO T
MOT
NOT
MOT
DEC
DEC
DEC
DEC
DEC

6. • •
13...
20...
27...
3...
10...
17...
28...
3...
10...
17...
29...
31...
7...
19. • •
21...
28...
5...
12...
19...
26...
2...
9...
16...
23...
30...
7...
19...
21...
28...
9...
11...
18...
25...
1...
8...
15...
22...
29...
6...
13...
20...
27...
3...
10...
17...
29...
1...
8...
15...
22...
29...

29669.
28979.
29387.
29912.
29999.
29586.
29889.
29859.
29666.
29668.
30033.
29707.
30080.
29908.
29709.
29739.
29977.
30380.
30090.
30109.
30270.
30338.
30205.
30991.
30275.
30965.
30391.
30296.
30788.
30690.
31133.
30690.
30826.
30513.
j 0987.
31299.
31292.
30838.
31299.
30990.
30739.
31028.
30713.
31213.
30899.
31160.
30926.
31990.
30999.
31200.
31102.
31610.

T A B IE 3
R E S E R V E S AND M E M B E R B A N K
SEASO NALLY ADJUSTED

D EP O SIT S

B IL L IO N S

OF DOLLARS

IN S T IT U T IO N S

NONB O R RO M E D

1
1
\
1

29262.
1
28697. ‘ 1
28915.
1
29058.
1
29216.
1
29339.
1
29323.
1
29609.
1
29908.
1
29297.
1
29793.
1
29379.
1
29823.
1
29711.
1
29559.
1
29650.
1
29801.
1
30206.
1
29991.
1
29798.
1
30003.
1
29692.
1
30052.
1
«
30088.
i
29656.
1
29715.
1
29730.
1
29255.
1
29667.
1
30195.
I
30369.
1
30097.
1
29697.
1
29742.
1
30281.
1
30979.
1
30835.
\
30509.
\
30825.
1
30681.
1
30285.
1
30696.
1
30305.
1
30997.
1
30722.
1
30873.
1
30388.
1
30785.
1
30990.
1
31175.
1
30961.
1
31399.
1

1
1
RESBRTESI
1
1 HOMETART
BASE
1
R E Q U IR E D 1
\
.1.
80.5
29093.
1
79.9
28992.
1
8
0.9
29295.
1
80.5
29130.
1
80.6
29262.
I
29381.
80.8
1
29587.
81.3
1
81.2
29592.
1
81.1
29996.
1
29586.
81.1
1
81.5
29768.
1
29639.
81.3
1
29709.
81.8
1
8
1.7
29631.
1
29996.
81.6
1
81.7
29653.
1
82.0
29929.
1
82.5
30015.
1
29810.
82.1
1
82.3
30002.
1
82.6
30096.
1
82.7
30053.
\
82.6
30132.
1
30225.
83.0
1
30065.
8
2.9
1
30233.
83.2
1
30119.
83.2
1
30291.
83.3
1
30506.
83.9
1
83.9
30623.
1
89.9
30699.
1
30613.
83.9
1
30602.
89.2
1
83.9
30922.
1
89.9
30663.
1
89.7
31039.
1
31095.
89.9
1
8
9.5
30899.
1
30906.
85.0
1
30776.
89.8
1
30685.
89.6
1
30818.
89.9
1
30667.
89.7
1
30817.
85.2
1
30839.
89.8
1
30972.
85.1
1
30782.
85.0
1
30900.
8
6.6
\
3086685.2
t
85.5
30996.
1
85.9
31131.
1
86.0
31296.
1

1
1
1
1
1
1

MEMBER

TOTAL

r “ 32571
325.0
i
326.5
i
328.3
i
330.0
i
330.7
i
331.3
i
332.5
i
339.3
i
339.5
i
335.9
i
335.8
i
335.0
i
336.2
i
338.3
i
339.9
i
338.5
«
339.7
i
390.8
i
391.2
i
391.7
i
392.6
i
392.3
i
393.5
i
393.5
i
399.3
i
3
96.7
i
397.8
i
398.9
i
397.9
i
397.7
i
396.9
i
398.9
i
350.9
i
351.2
i
351.1
i
3
51.5
i
351.5
i
351.3
i
352.7
i
353.0
i
359.1
i
359.5
i
355.8
t
355.0
i
356.9
\
3
56.6
i
357.8
359.9
\
361.0
\
362.8
i
362.1
i

BARR

D EP O SITS

T I H F AND
SAT IN G S

181.2
182.1
183.2
189.2
185.2
18b. 5
187.2
188.0
189.9
190.6
191.9
192.5
192.8
192.9
193.2
193.0
193.7
199.1
199.7
195.2
195.7
196.2
196.6
196.9
197.6
198.2
198.7
199.2
199.9
199.7
199.8
199.8
200.1
200.5
200.9
201.5
201.8
202.9
203.9
209.3
205.0
205.6
206. 2
206-6
207.2
207.9
208.8
209.5
210.6
211-2
211.5
212.3

1
1
1
1

OF

DOLLARS

SUBJECT
P R IT A T E

TOTAL

r “ 13872“
137.8
i
138.1
i
137.9
i
138.5
i
138.9
i
138.3
i
139.0
i
139.5
i
139.2
i
139.8
i
139.9
i
138.9
i
139.8
i
139.9
i
190.3
i
139.8
i
180.5
i
181.1
i
181.1
i
181.8
§
181.5
i
181.3
i
181-9
i
1
81.9
i
191.6
i
192.7
i
192.6
i
193.0
i
192.9
i
192-6
i
192.9
i
192*5
i
192.6
i
192.6
i
192.2
i
182.7
i
183.1
i
182.1
i
193.0
i
193.1
i
183-7
i
183.2
i
188.3
i
183.8
i
188.3
i
183-8
i
189.8
i
188.0
t
188-7
i
199.8
i
183.8
i

TO B E S E R T E
DEMAND

R EQ U IR E M EN TS

D EP O SITS

MET
1
| IN T E R B A N K
1
11.3
1
11.7
1
1
1.9
I
12.0
1
12.2
\
11.7
t
11.2
1
12.0
1
11.9
1
11.7
1
11.5
1
11.9
1
11.8
1
12.2
1
1
0.6
1
12.7
1
12.0
1
11.8
1
11.3
1
11.3
1
11.0
1
11.9
1
11.9
i
11.6
i
11.6
\
11.7
i
1
2.6
I
12.7
i
* 6
i
12.9
1
12.5
1
12.0
1
12.3
«
11.7
1
12.0
1
12.2
1
11.9
1
1
2.3
1
1
2.2
\
12.7
I
12.9
1
13.1
1
13.2
1
13.5
t
13.3
1
13.3
1
1
3.1
1
13.8
\
12.8
\
13. ?
\
13.0
\
12.6
1

|
I
I
|
|
I
I
I
I
|
1
I
1
I
I
I
|
1
i
t
I
|
1
|
|
|
|
|
|
|
|
\
|
|
|
\
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
f

OTHER
126.9
125.7
126.2
126.0
126.3
126.7
127.1
127.0
127.6
127.5
127.9
127.5
127.5
127.6
129.3
127.6
127.8
128.8
129.8
129.8
130.9
129.6
129.9
130.3
129.8
129.9
130.0
123.9
130.9
130-1
130.1
130.3
130.3
130.9
130.6
130.0
139.8
130.7
130.0
130.3
130.2
130.6
130.0
130.8
130.1
131-0
130.7
130.7
131-2
131.5
131.8
131.2

|

|

U .S.
GOTT
DEMAND

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

5“
5.5
5.2
6.1
6.2
5.8
5.8
5.5
5.8
8.7
9.6
3.8
3.3
3.6
5.3
6.0
5.1
5.0
5.0
5.0
8.5
8.9
9.9
9.6
8.5
9.6
5.3
6.0
6.0
5.2
5.3
9.8
6.3
7.8
7.7
7.8
7.1
6.0
5.8
5.8
9.9
9.8
5.1
8.9
8.4
8.2
4*1
3.9
4-8
5-0
6.5
6.0

TABLE 3
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

1970




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FBB
BAR
BAR
BAR
BAR
APR
APR
APR
APB
APR
RAT
BAT
BAT
RAT
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
A06
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO?
NO?
NO?
NO?
DEC
DEC
DEC
DEC
DEC

B I L L I O N S OF D O L L A R S
\
1
|D EPO SITO R Y IN S T IT U T IO N S RESER VE S
1
1
1
NONt
*
BORROWED 1 R E Q U I R E D
TOTAL
1
\
1
1
27927.
27075.
27642.
7...1
\
27817.
27740.
26952.
14...|
1
27858.
27099.
28062.
21••• |
1
27803.
27915.
26885.
28... \
1
28084.
26826.
27873.
4... j
1
27717.
27924.
26855.
11... |
1
27818.
26708.
27569.
1 8 . . .f
1
27537.
26472.
27365.
2 5 . . .|
1
4...|
27546.
26710.
27348.
1
2
7
4
5
7
.
2
7386.
2
6
5
2
5
.
11...1
1
26871.
18... |
27688.
27538.
I
27571.
27667.
26731.
25... \
\
26974.
27584.
27923.
1...|
1
27908.
27412.
27729.
8... |
1
28160.
15...|
28262.
27245.
1
28337.
27368.
28179.
2 2 . . .|
\
27908.
27014.
27796.
29...|
I
27837.
28187.
27413.
6...1
1
1 3...|
27734.
27762.
26952.
1
27737.
2 0 . . .|
27951.
26772.
1
27...|
26570.
27459.
27503.
1
27737.
26513.
3. • • |
27542.
r
10.••|
27730.
27594.
26873.
i
27950.
1 7 . . .|
27677.
27292.
i
27703.
2 4 ...|
26816.
27615.
i
27983.
27710.
1... |
26992.
i
8...1
27876.
26582.
27802.
l
28147.
26466.
27917.
15...|
i
26926.
28127.
28312.
22...|
i
28280.
27049.
28127.
29...|
i
5. • • |
27392.
28214.
28402.
i
28864.
27690.
28585.
12. . . \
i
19...|
28697.
28016.
2
8605.
i
28641.
2 6 ...|
27981.
28503.
i
2... |
28778.
28118.
28600.
i
28777.
9...|
29192.
28429.
i
29220.
28864.
28720.
16...|
!
28793.
28333.
28840.
23...\
I
29114.
28Q42.
30...|
28453.
1
7... |
28820.
28468.
28422.
1
14...1
28475.
28025.
28434.
1
28844.
28258.
28655.
2 1 . . .|
1
28...|
28737.
28304.
28596.
1
4...|
28864.
28441.
2
8546.
1
11... |
28420.
28583.
28865.
t
28571.
1 8...|
28735.
28405.
\
25... |
28648.
28572.
28212.
1
28685.
2...|
29102.
28647.
1
9. • • |
28852.
28988.
28698.
1
28971.
1 6 ___ |
29091.
28692.
1
2896*?.
23...|
29082.
29292.
1
30. . . \
29H53.
29487.
2 < *21?.
i

B IL L IO N S

MONETABT
BASE

75.5
75.5
75.8
75.7
76.0
75.8
75.7
75.5
75.6
75.5
75.8
75.9
76.2
76.2
76.6
76.8
76.6
77.0
76.7
77.0
76.5
76.8
76.8
77.1
76.8
77.2
77.1
77.5
77.7
77.7
77.9
78.4
78.3
78.2
78.4
78.9
79.0
78.6
79.0
78.8
78.5
78.9
78.9
79.0
79.1
79.0
79.0
79.5
79.5
79.7
80.0
**0.2

I
I
I
I
1
1
r
i
i
i
t
»
i
t
t
i
i
i
i
i
\
»
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

i
i
i
i
i
i
i
i
i
i
i
i
i

\
\

i
i
i
i
i

BERBER

BANK

D EP O SIT S

OF D O L L A R S
S Q B J E C T TO R E S E R V E
P R IV A T E

TOTAL

T I H E AND
S A V IN G S
TOTAL

288.7
288.1
288.3
287.3
286.1
285.1
285.5
285.6
286.7
287.3
287.7
289.2
291.9
293.4
291.3
293.0
292.2
292.1
290.8
291.9
291.7
292.0
292.1
292.9
293.7
295.4
298.0
299.5
300.7
303.1
303.9
304.6
305.7
306.7
308.0
308.6
309.5
311.0
311.0
313.1
313.4
314.0
314.4
314.9
315.8
317.1
318.4
310.8
321.4
321.9
322.9
322. ?

149.9
149.2
148.8
148.6
148.6
148.7
149.0
149.2
149.5
149.9
150.3
151.0
151.8
152.7
153.2
153.9
154.1
154.3
154.4
154.7
154.7
154.7
154.7
155.0
155.6
157.1
159.3
160.7
162.0
163.1
164.0
164.8
165.4
166.3
167.3
168.5
169.4
170.4
171.0
171.6
172.4
173.1
173.5
174.1
174 8
175.5
176. J
177.1
178.3
179.2
180.0
130. n

134.1
134.2
134.6
133.8
133.0
131.7
131.6
130.9
132.1
132.1
132.5
132.6
133.9
134.0
133.5
134.0
133.7
133.8
133.2
133.5
132.5
133.2
132.4
132.6
131.9
132.5
133.4
133.5
133.5
133.9
133.8
133.7
134.3
133.8
134.5
133.7
134.9
134.5
134.3
135.7
135.3
135.7
135.2
135.5
135.6
135.8
135.5
136.5
136.4
136.8
136.5
136. 1

DEBAND

D EP O SIT S

NET
IN T ER B A N K |
11.0
10.5
10.9
11.0
10.8
10.6
10.7
10.2
10. 1
10.1
10.3
10.8
9.5
10.4
11. 1
10.3
10.5
9.4
9.8
9.7
9.6
9.7
9.4
8.8
9.5
9.3
10.2
10.5
10.9
10.5
10.2
10. 1
10.0
10.0

t
1
|
I
|
1
|
I
|
|
|
|
|
|
|
|
|
1
|
|
|
|
\
|
|
|
|
|
|
|
|
|
|

9 .9

1
|
1

10.0
9.8
9.8
9.6
10.5
10.9
10.7
10.4
10.4
10.6
10.7
10.6
10.9
11.7
11.1
11.3
10.9

R B Q U IR E R E N T S

|

|

|
|

|
1
|
|

|
|

|
|
|
|
\
|

OTHER
123.1
123.7
123.7
122.9
122.3
121.1
121.0
120.7
122.1
122.0
122.2
121.8
124.4
123.5
122.4
123.7
123.2
124.3
123.4
123.7
122.9
123.6
123.0
123.8
122.4
123.2
123.2
123.0
122.6
123.4
123.7
123.6
124.3
123.9
124.6
123.7
125.1
124.7
124.7
125.2
124.4
125.0
124.8
125.1
125.0
125.1
124.9
125.6
124.6
125.8
125.2
125.2

|

|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
|

|
|
|

|
|
|
|
|
1
|
|

|
|
|
|

U .S.
GOVT
DEBARD
4.7
4.7
4.9
4.8
4.5
4.7
4.9
5.5
5.0
5.3
4.9
5.7
6.2
6.7
4.6
5.1

4.4
4.0
3.3
3.8
4.5
4.1
5.0
5.3
6.2
5.8
5.3
5.3
5.3
6.2
6.0
6.1
6.0
6.5
6.2
6.4
5.2
6.1
5.7
5.8
5.6
5.3
5.7
5.3
5.4
5.8
6.6
6.2
6.7
5.9
6.3
5.7

TABLE 3
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
m ill io n j

T

oF

B IL L IO N S

dollars

MEMBER

DEPOSITORY~INSTITUTIONS~iIsERVES
1
1
1

7969




JAN
JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
(U R
NAS
HAS
NAS
APR
APS
APR
APS
APS
NAY
NA Y
N AY
HA Y
JON
JON
JON
JON
JUL
JOL
JOL
JOL
JOL
AOG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
O CT
OCT
OCT
OCT
NOV
NOV
NO V
NOV
DEC
DEC
DEC
DEC
DEC

77771
8...|
15...I
22..•|
29...1
5...I
12...1
1 9 -----1
26...1
5.
1 2 . . .|
I S ___ 1
26...1
2...1
9. • • |
16... |
23...|
30.*• |
7...1
1 *...|
21...1
28...|
A... I
11... |
1 8 . . .|
25.-.1
2 ... |
9...I
16...1
2 3 . ..|
30...|
6...1
13...1
20...|
27...(
3...|
1 0 . . .|
17...|
24...1
1...I
8... |
15...(
22... |
2 9 . . .|
5... |
12...!
19...!
26... |
3 ...|
10...|
1 7 . . .|
24... (
31...!

1..■-

TOTAL

279187
27233.
27376.
27212.
26962.
27095.
27132.
27319.
27075.
27078.
26997.
26790.
26828.
26839.
26755.
26654.
27534.
27438.
27904.
27747.
27521.
27693.
27707.
27727.
27343.
27352.
27584.
27160.
27231.
27260.
26739.
27157.
27203.
27200.
27208.
27282.
27358.
27172.
27258.
27465.
27163.
27313.
27570.
27268.
27761.
27846.
27906.
27834.
27946.
28064.
28051.
27923.
28275.

......

1
NONr
i BORRORED
i
\
i
i
i
i
i
\
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
!
!
1
1
1
1
1
1
1
1
!
1
!
I
1
1
1
1
1
1
1
1
1
1
!
1
1

265987
26735.
26689.
26430.
26071.
26351.
26333.
26275.
26318.
26344.
26122.
26014.
25864.
25644.
25808.
25895.
26399.
26320.
26301.
26576.
26163.
26390.
26186.
26467.
26028.
26029.
25950.
26140.
25952.
25906.
25470.
26067.
25874.
25979.
26004.
26042.
26618.
26154.
26152.
26029.
26196.
25966.
26555.
26089.
26433.
26602.
26835.
26624.
26755.
26864.
27007.
26827.
27171.

————
1
1
1 R E Q U IR E D
1
|™
1
I
1
1
1
1
1
1
1
1
1
1
1
1
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
1
1
1
1
1
1
1
!
1
1
1
1

MONETARY
BASE
t

7 0 1 7 T ~ "|
27031.
|
27144.
!
26939.
|
26774.
!
26860.
|
26911.
|
26956.
!
26871.
1
26871.
!
26749.
|
26705.
|
26560.
|
26530.
|
26530.
|
26510.
|
27362.
|
27353.
|
27421.
|
27486.
|
27405.
|
27580.
|
27338.
1
27279.
|
27244.
|
27161.
|
27088.
|
27047.
1
27055.
|
26878.
|
26593.
1
26906.
|
26870.
1
27141.
!
26996.
|
26880.
|
26967.
|
27040.
|
27054.
!
27145.
|
27024.
|
27095.
!
27414.
|
27188.
|
27465.
|
27475.
!
27760.
!
27696.
|
27743.
1
27773.
|
27954.
|
27659.
|
27747.
|

7277
72. 1
72.3
72.2
72.0
72.2
72.3
72.6
72.3
72.4
72.3
72.2
72.3
72.4
72.3
72.1
73.1
73.1
73.6
73.4
73.3
73.6
73.7
73.7
73.4
73.4
73.8
73.3
73.4
73.5
73.1
73.6
73.7
73.8
73.8
74.1
73.9
73.9
74.0
74.3
74.1
74.4
74.7
74.4
74.9
75.0
75.1
75.1
75.3
75.4
75.5
75.4
75.9

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
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
l
1
1
1

1

D EPO SITS

1
1 T I N E A ND
S A V IN G S
1
1
|

TOTAL

30075
300.3
299.2
299.4
299.1
298.8
298.6
299.0
297.4
296.9
296.2
296.1
295.9
295.4
295.9
297.0
297.8
297.7
296.8
297.6
296.6
296.2
295.9
295. 4
295.3
294.6
294.5
293.7
291.4
292.3
291.1
288.6
287.7
286.8
286.8
287.1
287.5
288.2
287.4
287.4
286.4
285.2
286.6
286.3
288.4
288.5
288.9
288.6
290.0
288.3
289.1
288.2
288.0

BANK

T
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
!
1
1
1
1
1
1
1
1
1
1
I
1
I
1
1
1
I
1
1
1
1

■ ""16477
163.7
163.3
162.7
162.4
162.1
162.0
161.7
161.6
161.4
161.1
160.9
160.8
160.9
160.6
160.7
160.5
160.3
160.1
159.9
159.7
159.5
159.1
158.6
158.3
158.1
157.6
157.0
156.2
155.4
154.6
153.5
152.8
152.4
152.1
151.9
151.8
151.8
151.6
151.5
151.0
150.7
150.6
150.6
150.7
150.5
150.4
150.4
150.6
150.7
150.9
150.7
150.5

|

!
|
|
|
|
|
!
|
\
|
|
|
|
l
|
|
|
|
I
|
|
|
|
|
|
|
!
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
1
|
!
!
|

OF~DOLLARS
SUBJECT
P R IV A T E

TOTAL
13175
131.8
131.9
131.7
131.2
131.4
131.4
132.1
131.5
131.9
131.6
131.6
131.1
131.2
130.6
131.6
131.5
131.3
130.7
131.2
131.3
131.4
131.9
132.0
132.0
131.6
132.4
131.8
132.1
131.9
131.8
131.0
131.4
131.6
131.3
131.9
131.6
131.6
130.9
131.4
131.6
131.5
132.2
132.0
132.7
132.8
133.2
132.6
132.9
132.1
132.6
132.2
133.0

TO R E S E R V E
DEMAND

D EP O SITS

NET
IN T E R B A N K
9.7
9.7
9.8
9.4
9.5
9.0
9.3
9.4
9. 1
9.2
9.1
8.7
8.7
9.4
8.4
9.1
9.2
9.4
9.0
9.3
8.9
9.0
9.4
9.5
9.8
9.5
10.1
9.9
10.0
9.7
9.6
9.6
10.0
10.0
10.3
10.5
10.5
10.3
10.5
10.4
10.4
10.2
10.5
10.8
11. 1
10.9
10.9
11.2
11.5
11.5
11.5
11.6
10.8

R E Q U IR E M E N T S

OTHER
121.8
122.1
122.1
122.4
121.7
122.4
122.1
122.7
122.4
122.6
122.5
122.8
122.4
121.8
122.2
122.5
122.4
122.0
121.7
122.0
122.4
122.4
122.4
122.5
122.2
122.1
122.4
121.9
122.1
122.2
122.2
121.5
121.3
121.6
121.0
121.4
121.1
121.4
120.5
121.0
121.2
121.3
121.7
121.2
121.7
121.8
122.3
121.4
121.4
120.6
121.1
120.7
122.2

|

|

u.s.
GOV T
DEMAND

|
|
|
|
|
|
|
!
!
|
|
|
|
l
|
|
|
|
|
|
|
|
|
1
|
|
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

4.7
4.8
4.0
4.9
5.5
5.3
5.2
5.1
4.3
3.7
3.5
3.6
4.0
3.3
4.4
4.7
5.7
6.1
6.0
6.4
5.6
5.3
4.9
4.7
5.0
4.9
4.5
4.9
3.1
5.0
4.6
4.1
3.5
2.9
3.5
3.4
4.0
4.8
4.9
4.5
3.8
2.9
3.9
3.7
5.0
5.2
5.2
5.7
6.6
5.5
5.5
5.3
4.4

TABLE 3
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
SEASONALLY ADJ0STED
M IL L IO N S
D EPO SITO RY

TOTAL

1968




JAN
JAM
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
H AY
HA Y
MAY
MAY
HA Y
JON
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 .,.I
10...|
17...|
24...I
31... 1
7...|
14...!
21...!
28...!
6.. • |
13...|
2 0...!
27...!
3.. . I
1 0 . . .|
17...J
2 4...!
1...I
8 ... f
15... |
2 2...!
29...!
5... I
12...!
19...J
26...f
3 ... |
1 0...!
17...!
24...|
31...|
7...|
14...!
21...!
28... |
4... I
11...!
1 8 . ..|
25...!
2... |
9...)
16...|
23...!
3 0 ...|
6...I
13...!
20...|
27...J
4...|
11... |
18... |
25...1

25296.
25092.
25105.
25639.
25527.
25651.
25569.
25448.
25683.
25838.
25806.
25695.
25388.
25537.
25483.
25839.
25299.
25451.
25597.
25516.
25562.
25680.
25615.
25709.
25581.
26112.
25822.
26001.
26165.
26359.
26374.
26264.
26189.
26566.
26244.
26266,
26511.
26376.
26176.
26467.
26449.
26817.
26443.
26820.
26471.
27111.
26930.
26823.
27015.
26687.
27074.
27228.

OP D O L L A P S

IN S T IT U T IO N S
1
|
NON| BORROWED
1
I
I
I
1
1
!
1
!
1
1
1
!
t
1
1
!
!
1
!
1
!
1
1
!
1
1
!
1
J
1

1

1
\

1
<
1
1
!
I
l
!
I
1
!
1
!
1
!
1
1
!

1

24801.
24912.
24881.
25406.
25286.
25410.
25185.
25043.
25241.
25338.
25027.
24962.
24806.
24841.
24837.
250 76.
24648.
24777.
24774.
24804.
24893.
24916.
24856.
25031.
24917.
25305*
25329.
25589.
25695.
25720.
25771.
25527.
25613.
25947.
25870.
25812.
25877.
25972.
25702.

25926.
26046.
26301.
26106.
26325.
26079.
26436.
26417.
26240.
26484.
26253.
26499.
26369.

B IL L IO N S

R E SiR V E S
MONETARY
BASE

t
1
| R EQ U IR E D
1
1
1
1
!
I
1
1
!
t
1
1
!
!
1
1
1
1
1
1
1
1
1
1
!
!
!
I
1
1
1
1
!
1
1
1
1
1
1
«
1
!
1
!
!
1
1
1
1
1
1
\

24643.
24528.
24948.
25263.
25191.
25276.
25081.
25069.
25370.
25522.
25348.
25281.
25227.
25206.
25077.
25312.
25173.
25175.
25216.
25116.
25240.
25289.
25407.
25399.
25315.
25534.
25640.
25568.
25891.
25949.
26016.
25922.
25875.
26052.
26065.
26011.
25955.
26002.
25979.
26081.
26224.
26444.
26444.
26468.
26279.
26574.
26701.
26638.
26536.
26635.
26706.
26808.

I
I
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
!
1
1
1
1
1
!
1
I
I
\
\
1
1
1
1
!
!
I
1

1
!
1
1
1
!

1
1
1
1
!
f
1
I

1

67.0
66.8
67.0
67.6
67.5
67.6
67.6
67.5
67.8
68.0
68.1
68.0
67.7
68.0
68.0
68.6
67.9
68.2
68.4
68.4
68.5
68.6
68.7
68.8
68.7
69.3
69.1
69.2
69.5
69.7
69.8
69.7
69.9
70.3
70.0
70.2
70.4
70.3
70.2
70.5
70.5
70.9
70.6
71.1
70.8
71.4
71.3
71.3
71.7
71.3
71.8
72.0

1
1.
1
1
\
\
1
I
\
1
!
!
1
1
1
1
I
I
!
I
!
1
!
1
t
1
!
1
1
!
1
1
1
!
!
!
I
1
1
1
I
1
1
I
1
1
\
1

1
!
1
1
1
!
1
1

1
1

H EM B iR

TOTAL

277.5
276.7
277. 4
278.4
277.8
278.5
278.0
278.1
280.0
280.9
280.2
279.8
279.3
279.1
278.5
280.2
279.4
279.3
279.8
279.3
280.3
280.1
280.9
280.9
280.9
282.1
283.3
283.6
286.1
286.7
286.6
286.8
287.2
288.8
289.0
289.0
289.5
290.6
291.7
293.2
293.9
294.4
293.8
295.7
297.1
297.3
297.1
297.9
298.9
300.0
301.7
301.3

BANK

D E P O SIT S

1
! T I M E AND
|
S A V IN G S
t
I
1
1
1
1
1
1
!
1
1
1
!
1
1
1
1
1
1
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
1
1
I
!
!

149.3
149.4
149.8
149.8
15C .2
150.5
150.8
151.0
151.4
151.4
151.7
151.6
151.7
151.7
151.6
151.6
151.4
151.8
151.9
152.1
152.0
151.9
151.8
151.9
152.0
152.2
152.9
153.5
154.2
154.9
155.1
155.6
156.2
156.7
157.2
1 5 "* . 7
158.1
158.5
159.0
159.4
160.0
160.5
161.2
161.7
162.0
162.4
162.8
163.5
164.3
164.9
165.3
165.0

1
|
\
1
1
1
1
1
1
1
1
1
1
1
\
!
!
1
I
!
1
1
I
1
1
I
t
1
1
!
1
1
!
1
1
1
1
1
»
1
1
1
1
1
1
1
1
»
1
i
I
1
1
I
!
!

OF D O L L A R S
SUBJECT
P R IV A T E

TO R E S E R V E
DEMAND

R EQ U IR E M E N T S

D EP O SITS

|
NET
1
TOTAL
| IN T ER B AN K!
_____________ 1 _______ _
1
123.0
9.1
1
I
9.0
122.1
1
I
8.9
122.8
1
I
122.6
9.2
1
1
8
.
9
122.6
1
!
8
.
3
122.6
1
1
8.5
122.2
1
1
8.5
122.7
!
!
8.6
122.1
1
1
123.0
8.2
1
1
8.3
122.9
1
1
8.4
122.9
»
1
122.7
8.2
!
1
122.6
8.3
1
1
122.2
8.5
!
1
124.3
8
.
2
1
!
8.5
123.3
1
1
8
.
4
123.2
1
1
123.5
7.9
1
I
8.0
123.6
1
\
8.3
124.2
1
i
124.1
8.1
1
!
125.0
8.2
1
I
124.7
8.6
1
!
8.7
125.1
I
I
125.1
8.7
1
1
126.9
9
.
1
1
1
9
.
5
126. 1
1
1
126.5
9.0
f
1
126.3
9.3
1
1
126.5
8.9
1
1
126.8
8.8
1
1
126.5
8.8
1
1
9.0
126.9
1
1
126.7
8.7
»
1
8.6
126.8
1
1
8
.
9
127.1
1
1
126.9
9
.
2
1
1
9
.
2
126.9
1
1
9
.
2
128.1
!
1
9.4
127.8
!
!
128.5
9. 1
1
1
127.6
9.2
1
1
9.2
128.2
1
1
9.4
129.7
1
1
9.7
129.2
1
I
9.7
130. 1
1
I
9.1
130.0
1
1
9
.
7
130.8
1
1
9.7
130.8
1
!
9. 7
131.1
1
!
9.9
131. 1
1
1

OTHER
114.0
113.1
113.9
113.4
113.6
114.3
113.7
114.3
113.5
114.8
114.6
114.5
114.4
114.3
113.8
116.1
114.8
114.8
115.6
1 1 5 . '•
115.8
116.0
116.8
116.1
116.4
116.5
117.8
116.7
117.5
117.0
117.6
118.0
117.7
117.9
118.1
118.2
118.2
117.8
117.7
118.8
118.4
119.4
118.4
119.0
120.3
119.5
120.3
120.8
121.1
121.1
121.4
121.2

1
|
|
f

U .S.
GOVT
DEMAND

I
!
I
1
1
1
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
1
1
i
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

5.1
5.2
4.9
5.9
5.1
5.5
5.0
4.4
6.5
6.4
5.7
5.3
4.9
4.8
4.7
4.3
4.7
4.3
4.3
3.7
4.1
4.1
4.1
4.4
3.9
4.7
3.5
4.0
5.3
5.5
5.0
4.4
4.6
5.2
5.1
4.4
4.2
5.2
5.8
5.7
6.1
5.5
5.0
5.8
5.4
5.7
4.2
4.4
3.8
4.3
5.3
5.2

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

1967




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
NAY
HAY
HA Y
HA Y
H AY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AUG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

M IL L IO N S OF DOLLARS
!
I
1
J.
\ D EPO SITO R ! IN S T IT U T IO N S R E SER V E S!
1
1
1 MONETARY
I
!
1
BASE
NON1
1
!
1
TOTAL
! BO RROWED 1 R E Q U I R E D !
1
I
!
1
!
1
I.
.!.
2
3
1
9
7
.
63.2
23027.
23592.
a ... |
I
1
1
63.5
11... 1 23862. ! 23277. 1 23235. 1
23176.
63.0
23301.
23089.
1 8 ...|
I
1
1
23751.
23235.
23213.
25... !
63.5
!
1
!
23919.
63.6
23759.
23578.
1...1
I
1
!
23687.
23339.
23398.
63.6
8.. • |
I
1
1
23386.
63.8
15... 1
23809.
23398.
1
1
1
69.0
23938.
29021.
23599.
22...|
1
1
!
23597.
23938.
23930.
63.6
1... 1
1
!
!
2
3
0
2
3
.
63.9
23382.
23180.
8... |
1
1
1
23519.
2
3
3
9
1
.
6
3.6
2
3
1
9
2
.
15...|
1
1
«
23267.
63.7
23569.
23002.
22... |
»
1
1
23315.
22930.
63.5
23180.
29... 1
1
!
!
23127.
23579.
23399.
63.6
5... |
!
!
!
23309.
23078.
63.9
23159.
12...!
!
!
»
23095.
63.7
23395.
23523.
19... |
1
1
!
23160.
23258.
23012.
63.5
26... |
»
!
»
23500.
23095.
23366.
63.8
3...|
1
1
1
22963.
23292.
63.6
23229.
10...1
1
!
1
23099.
23325.
17... |
23998.
63.8
!
1
1
29...1
23011.
63.7
23288.
23338.
!
!
!
23390.
63.8
23061.
31... |
23992.
1
!
1
23531.
2
3
2
0
0
.
7... |
2
3
9
5
9
.
69.0
!
!
!
19...!
23927.
23389.
23072.
63.9
!
1
!
23566.
23305.
69.1
21... |
23975.
1
1
1
23129.
28... |
23555.
23919.
69.2
i
1
!
23907.
5... |
23869.
23516.
69.9
!
1
1
29168.
69.7
23525.
12...|
29099.
!
1
!
23839.
1 9 . . .|
23603.
23788.
69.3
I
1
1
23620.
26...!
29052.
23998.
69.6
1
!
1
29030.
23919.
2.. . |
23735.
69.6
1
!
!
29206.
23835.
9...|
29115.
69.9
1
1
1
16...|
23995.
23866.
23613.
69.7
1
!
1
23...1
29109.
29062.
23636.
69.9
!
!
!
23831.
2
3
5
7
1
.
30... |
2
3
7
8
5
.
6
9.7
!
!
1
6... |
29282.
29203.
23950.
65.2
!
1
1
13...|
29979.
29909.
65.9
29088.
!
1
1
29379.
20... !
23966.
65.9
29268.
1
!
!
2 7 . . .|
29185.
29111.
23979.
65.3
1
1
1
9 ... I
29539.
29395.
29126.
65.6
!
!
!
29508.
11...1
29259.
29363.
65.6
!
*
!
18...|
25278.
29717.
250 62.
66.5
!
1
1
25...1
29532.
29979.
29392.
65.7
1
!
!
2
9
6
9
9
.
1
1
29619.
29903.
65.9
!
1
*
29809.
8... 1
29979.
66.0
29672.
!
!
!
15...|
29922.
2
9
7
6
0
.
2
9
9
0
9
.
66.0
!
1
1
2 2 . . . | *29839.
29707.
29613.
66.0
!
1
1
29...!
29818.
29699.
29939.
66.1
!
!
!
6...!
29873.
29786.
29585.
66.2
1
1
!
29879.
13...!
29753.
66.9
1
1 29591.
1
2 0 ___ |
29769.
29997.
66.3
1 29579.
»
(
29916.
27...|
29570.
29973.
66.5
*
!
!

...

B IL L IO N S
MEMBER BANK

D EP O SITS
I

TOTAL

SUBJECT
P R IV A T E

T I M E A ND
SA V IN G S
|

299.1
299.9
299.8
250.6
251.8
252.1
252.6
253.3
253.2
253.6
259.7
257.0
256.7
258.1
258.3
258.6
258.3
259.0
258.9
259.9
259.3
259.9
261.0
260.7
262.7
261.8
269.1
265.1
266.1
266.1
267.3
268.3
267.1
267.5
267.0
270.1
271.9
271.0
270.8
271.7
272.9
276.6
273.9
279.3
275.3
275.2
276.9
275.9
276.7
276.9
276.6
276.9

OF D OLLA RS

~ “ l3 0 7 5
130.7
131.3
132.1
132.7
133.3
133.8
139.1
139.9
135.0
135.6
136.0
136.9
136.8
137.2
137.5
137.8
138.1
138.5
138.9
139.3
139.8
190.2
190.9
191.3
191.8
192.3
192.5
193.1
193.9
193.9
199.2
199.5
199.7
195.2
195.7
196.1
196.2
196.9
196.5
196.6
196.9
197.1
197.5
197.7
198. 1
198.3
198.7
199. 1
199.9
199.9
199.3

1
1
|
t
I
I
|
1
I
|
1
*
(
(
!
|
!
I
|
!
!
|
|
!
I
1
!
I
|
|
t
|
|
1
!
1
1
!
!
l
I
!
1
1
|
I
I
!
I
I
I
1

TOTAL
m T S
119.0
119.2
119.1
119.8
119.3
119.7
H 5.1
115.0
119.9
115.9
117.1
115.9
116.1
115.9
115.2
119.9
115.8
115.3
116.3
116.0
116.9
117.5
117.9
118.2
117.2
118.2
118.6
118.5
118.5
119.2
118.7
119.2
119.1
119.3
120.0
120.2
119.9
119.9
120.9
121.0
121.3
120.9
121.1
121.7
121.6
121.8
121.9
122.2
121.8
121.7
121.6

TO R E S E R V E

DEMAND D E P O S I T S

NET
| IN T ER B AN K |
i
t
|
!
!
|
|
|
I
|
|
|
|
|
|
|
I
|
!
|
|
|
!
!
|
|
I
|
|
|
|
]
|
!
|
!
I
I
|
!
|
!
!
|
!
|
!
!
!
|
|
!

R E Q U IR E M E N T S

8.1
8.2
8.0
8.0
8.1
7.7
7.6
7.7
7.5
7.9
7.9
7.6
7.3
7.7
7.9
7.9
8.0
7.6
7.2
7.1
7.3
7.1
8.0
7.8
7.8
7.9
7.9
8.2
8.0
8.0
7.9
7.9
7.7
7.9
7.8
8.3
8.9
8.2
8.2
8.5
8.6
8.7
8.5
8.3
8.7
8.5
8.9
8.9
8.7
8.9
8.8
8.6

|
|
|
|
|
|
!
|
|
|
|
|
!
|
!
|
I
I
|
!
|
|
|
1
|
!
!
|
(
|
1
1
|
!
!
1
!
|
t
|
|
|
|
!
|
I
(
|
|
|
|
|

OTHER
106.9
105.8
106.2
106.1
106.7
106.6
107.1
107.9
107.5
107.5
108.0
109.6
108.7
108.9
107.5
107.3
106.9
108.1
108.1
109.2
108.7
109.3
109.9
109.6
110.9
109.9
110.3
110.9
110.6
110.5
111.3
110.8
111.5
111.3
111.5
111.7
111.8
111.7
111.7
112.9
112.5
112.5
112.9
112.7
113.0
113.1
112.9
112.9
113.5
112.9
112.9
112.9

|

|

U .S.
GOVT
DEHAND

|
|
|
|
|
|
|
|
|
|
|
|
(
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
1
|
|
|
I
|
|
|
|
|
|
|
|
|
1
|
!
|
!
|
|

9.2
5.1
9.9
9.9
9.3
9.9
9.2
9.1
3.8
3.7
3.7
3.8
9.9
5.2
5.6
5.8
5.6
5.2
9.7
9.2
9.0
3.7
3.9
2.9
3.1
2.8
3.6
3.9
9.9
9.2
9.2
5.9
3.9
3.7
2.6
9.3
5.2
9.8
9.5
9.3
5.3
8.9
5.9
5.8
5.9
5.5
6.8
5.3
5.9
5.6
5.5
5.5

TABLE 3
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
SEASONALLY ADJUSTED
M I L L I O N S OF D OLLARS
1
1
|D EPO SITO R Y IN S T IT U T IO N S RESERVE S
1
1
NON1
BO RROWED
REQ U IRE D
TOTAL
\
\
1966




TAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
RAN
R AN
RAN
RAF
RAB
APR
APR
APR
APR
HAY
H AY
H AY
HAY
JON
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
A06
AOG
AOG
AOG
SEP
SEP
SEP
SEP
O CT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

5... |
1 2 . . .|
1 9 . . .|
2 6 . . .|
2. • • |
9...|
16...|
23...j
2...I
9...I
16...|
23...|
30...|
6... |
13...1
2 0 ...|
27... |
9...|
11...|
18...|
25...|
1...I
8... |
1 5 . . .|
2 2 ...|
29...|
6... |
13...|
20...|
2 7 ...|
3...|
10... |
1 7 . . .|
2 9 . . .|
31... 1
7... |
19...1
21... 1
2 8 . . .|
5... |
12...|
19...|
26...|
2... |
9... |
1 6 . . .|
2 3 . . .|
30...|
7... \
19...1
21... |
28...|

22267.
22625.
22118.
22297.
22901.
22305.
22282.
22280.
22255.
22282.
22300.
22316.
22258.
22996.
22919.
22329.
22583.
22573.
22595.
22518.
22960.
22592.
22386.
22983.
22527.
22683.
22753.
23102.
22936.
23125.
23070.
23083.
22899.
22783.
22969.
23068.
23599.
23656.
23121.
23512.
23507.
23390.
23206.
23320.
23392.
23981.
23028.
23339.
23207.
23531.
23259.
23979.

21705.
22035.
21900.
21995.
21983.
21802.
21829.
21760.
21791.
21668.
21769.
21719.
21750.
21823.
21811.
21699.
21991.
21956.
21915.
21855.
21807.
21781.
21839.
21695.
21836.
21912.
21926.
22289.
22305.
22995.
22292.
22301.
22169.
22069.
22273.
22319.
22706.
22885.
22971.
22689.
22579.
22600.
22688.
22726.
22796.
22770.
22589.
22698.
22758.
22889.
22787.
22926.

21998.
21937.
21910.
21992.
22053.
21961.
21995.
21882.
21962.
21922.
21937.
21995.
21970.
22113.
22059.
21956.
22203.
22287.
22255.
22199.
22196.
22156.
22179.
22018.
22295.
22229.
22903.
22378.
22765.
22899.
22717.
22622.
22617.
22909.
22600.
22731.
23090.
23069.
23059.
23198.
23099.
22901.
23059.
23091.
23019.
22939.
22899.
22879.
23026.
23021.
23055.
23037.

B IL L IO N S
t

BERBER

HONETARY
BASE
|

59.8
60.2
59.8
60.0
60.2
60.2
60.2
60.2
60.2
60.2
60.3
60.9
60.3
60.6
60.7
60.5
60.9
60.9
61.0
61.0
60.9
61.1
60.9
61.0
61.1
61.3
61.9
61.8
61.7
61.9
61.9
61.9
61.8
61.7
61.9
62.1
62.6
62.8
62.2
62.6
62.7
62.6
62.9
62.5
62.6
62.7
62.3
62.6
62.5
62.9
62.7
63.0

|
1
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
1
|
|
1
|
|
1
|
|
|
1
|
|
|
|
1
|
|
|
|
|
|
|
\
1
|
|
|
|
I
|
|
|

TOTAL

23977
290.1
290.2
290.8
290.9
290.5
290.5
290.5
290.9
290.8
291.0
291.5
291.7
293.1
293.2
293.1
295.1
295.7
295.7
295.8
295.9
295.9
295.7
299.3
296.9
296.9
297.7
298.0
298.6
298.6
297.6
297.0
297.3
295.9
297.0
297.9
298.0
297.6
297.9
297.8
297.3
296.3
296.7
296.9
296.6
296.3
295.7
295.5
296.6
296.8
297.2
297.7

BANK

D EP O SITS

1
1 T I R E AND
S A V IN G S
1
1
J .
i “” 1 2 1 7 7
121.6
1
121.7
1
121.9
1
121.9
1
121.9
1
122.1
1
122.3
1
122.5
1
122.7
1
122.8
1
123.1
1
123.6
1
129.1
1
129.6
1
125.0
1
125.9
1
125.7
1
126.0
1
126.3
1
126.6
1
126.8
1
126.8
1
126.9
1
126.6
1
127.1
1
1
27.7
1
128.2
1
128.9
1
128.5
1
128.5
1
128.5
1
128.7
1
128.9
1
128.9
1
128.9
1
129-1
129.2
1
129.2
1
1
28.9
1
128.7
1
128.6
1
128.2
1
128-1
1
127.9
1
127-8
1
127.8
1
127.9
\
128.3
1
1
28.6
1
129.0
1
129.7
1

|

OF D O L L A R S
SOBJBCT
P R IV A T E

|

TOTAL

|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
\
|
|
|
|
|
|
|
|
|
|
|
|

11377”
119.2
119.5
119.5
119.6
119.0
11*1.0
113.6
119.2
119.2
119.8
119.6
119.9
119.7
115.3
116.1
116.1
115.9
115.1
119.5
119.1
113.9
119.9
119.7
115.9
119.0
119.9
119.0
119.8
119.2
119.2
113.2
113.9
113.7
113.7
119.2
119.2
115.7
119.2
119.2
113.9
119.0
119.1
119.1
113.8
119.3
119.3
113.9
119.3
119.2
115.7
113.9

TO R E S E R V E

R B Q O IR SH EN T S

DEHAND D E P O S I T S

NET
1
1 IN T ER B AN K
1
7.8
1
8.1
1
8.2
1
8.2
1
7.9
1
7.9
1
7.2
1
7.9
1
7.5
1
7.5
1
7.5
1
7.5
1
7.6
1
7,7
I
7.6
1
7.7
1
7.7
1
7.5
1
7.9
1
7.2
1
7.1
1
7.2
1
7.9
1
7.5
1
7.5
1
7
.9
1
7
.8
1
8.1
1
8.0
1
8.0
1
7.7
1
7.9
1
7.3
1
7.2
1
7.2
1
7.6
1
7
.7
1
7.7
1
7.7
7.6
1
7.8
1
7.8
1
7.7
1
7.7
1
7.8
1
8.0
1
7.9
1
8.0
1
7.9
1
8.1
1
7.9
1
7.9
I

1
|
|
|
|
|
1
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|

OTHER
105.9
106.1
106.3
106.9
106.6
106.6
100.7
106.2
106.8
106*8
107.3
107.1
106.8
107.0
107.7
108.9
108.9
107.9
107.7
107.9
107.1
106.6
107.0
107.2
108.9
106.6
106.6
105.9
106.8
106.3
106.5
105.8
106.6
106.5
106.5
106.6
106.5
107.9
106.6
106.6
106.1
106.3
106.3
106.3
106.0
106.2
106.9
106.0
106.9
106.1
107.8
106.0

|

|
|
f
|
|
1
|
|
|
|
|
J
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
1

O .S.
GOVT
DERAND
9.9
9.3
9.0
9.9
9.5
9.6
9.9
9.6
9.2
3.9
3.3
3.8
3.7
9.2
3.3
2.0
3.6
9.5
9.6
9.9
9.7
9.8
9.5
3.2
3.9
5.2
5.6

5.9
5.5
5.8
5.0
5.3
9.6
3.3
9.9
9.8
9.7
2.8
9.0
9.7
6.7
3.7
9.5
9.3
9.8
9.2
3.6
3.7
9.0
3.9
2.5
9.0

TABLE 3
AGGRLGAT:: PESKRV^J AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

M IL L IO N S

OF

B IL L IO N S

DOLLARS

DEPOSITORY INSTITOTICMS~PESERVES
1
1
\

1965




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAP
MA R
MA R
MA R
MAR
APR
APR
APR
APR
HAY
HAY
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
1
6..
I
13..
1
20..
1
27..
1
3..
1
10..
I
17..
1
2«* - . 1
3..
\
10..
1
17..
1
24..
1
31..
1
7..
1
14..
1
21..
!
28..
1
5..
1
12.. 1
19.. 1
26..
1
2..
1
9..
1
16..
1
23..
1
30..
I
7..
I
14..
1
21..
1
28..
1
4..
1
11..
1
18..
1
25..
1
1..
1
8..
1
15..
1
22..
!
29..
1
6..
1
13..
1
20..
!
27..
I
3..
1
10..
1
17..
1
24..
!
1.. 1
8..
1
15..
!
22..
!
29..
!

TOTAL

21275.
21371.
21199.
21122.
21282.
21297.
21171.
21307.
21217.
21314.
21317.
21388.
21395.
21648.
21546.
21766.
21513.
21531.
21405.
21415.
21461.
21546.
21517.
21819.
21651.
21524.
21717.
21972.
21646.
21740.
21858.
21873.
21849.
21786.
21908.
21849.
21812.
21928.
21845.
22046.
21898.
22418.
21769.
22031.
21927.
22013.
21862.
22325.
22416.
22405.
22191.
22371.

1
|
NO N f 30RR0W ED
I
1
I
I
I
I
I
I
I
I
\
I
!
I
I
\
\
\
I
1
1
1
1
\
1
1
1
!
!
1
1
1
1
!
1
1
1
1
1
f
1
1
!
1
1
1
1
1
1
1
!
1
!
1

20966.
20947.
20922.
20919.
21004.
20825.
20818.
20787.
20947.
20929.
20947.
20925.
20908.
21078.
21149.
21194.
21168.
21053.
20907.
20915.
20978.
21028.
21043.
21208.
21068.
21038.
21135.
21352.
21221.
21261.
21314.
21257.
21358.
21241.
21371.
21366.
21254.
21301.
21292.
21510.
21403.
21827.
21431.
21545.
21593.
21524.
21501.
21791.
21938.
21919.
21973.
21825.

1
f
1 R E Q U IR E D
1
I
!
I
1
1
1
1
1
!
1
1
1
1
1
1
1
1
1
1
1
!
I
1
1
1
1
1
I
1
i
I
1
1
1
1
1
1
1
1
\
1
1
1
!
1
!
1
1
1
1

20928.
20780.
20810.
20781.
20898.
20801.
20849.
20768.
20997.
20946.
20989.
20927.
21027.
21273.
21268.
21292.
21272.
21197.
21056.
21072.
21151.
21215.
21215.
21417.
21236.
21186.
21369.
21440.
21452.
21418.
21472.
21450.
21520.
21375.
21475.
21477.
21345.
21493.
21488.
21603.
21598.
21925.
21572.
21650.
21498.
21697.
21626.
21900.
2195521840.
21957.
21908.

1 MONETARY
BASE
1
|
t
I
56.7
1
56.8
1
56.7
I
56.7
I
56.9
1
56.9
1
56.8
1
57.0
!
56.9
!
57.0
1
57.0
\
57.1
1
57.1
1
57.4
1
57.4
1
57.7
I
57.3
I
57.4
1
57.3
1
57.3
1
57.4
1
57.6
!
57.6
1
57.9
1
57.7
1
57.7
1
57.9
1
58.2
1
57.9
1
58.1
1
58.2
1
58.3
1
58.3
!
58.3
I
58.5
1
58.5
1
58.5
1
58.6
f
58.8
1
59.0
1
58.9
!
59.5
!
58.9
\
59.2
\
59.1
1
59.2
1
59. 1
1
59.6
1
59.7
\
59.8
1
59.6
1
59.8
1

MEMBER
1
1
1
1

TOTAL

BANK

1
1 T IM E AND
|
S A V IN G S
1

J
I
I
f
1
1
1
1
I
1
1
1
1
1
!
!
1
1
I
1
1
1
1
1
1
1
1
I
\
1
!
1
1
I
1
1
I
1
!
1
1
1
1
1
1
1
1
I
1
1
1
1
1

220.5
220.1
220.7
220.7
221.5
221.2
221.9
221.7
223.2
223.1
223.6
223.5
224.0
225.9
226.3
226.8
226.9
226.5
225.8
226.4
226.8
227.3
227.7
229.4
228.6
228.2
229.5
230.3
230.9
230.7
231.2
231-5
232.4
231.5
232.3
232.9
232.3
233.7
233.8
234.7
235.1
237.8
235.5
236.2
235.6
237.3
237.1
239.2
239.3
238.7
239.9
239.5

D EP O SIT S

l
1
1
!
1
1
1
1
t
1
i
1
l
l
\
\
l
I
l
!
1
1
1
l
I
1
1
1
I
I
1
1
1
1
I
!
!
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

105.1
105.7
106. 1
106.5
106.9
107.3
107.6
108.0
108.2
108.5
108.7
108.9
109.2
109.4
109.7
103.9
110.3
110.6
110.9
111.1
111.3
111.6
111.9
112.4
112.6
112.9
113.2
113.5
113.8
114.2
114.5
114.9
115.1
115.5
116.0
116-5
116.8
116.9
117.4
117.8
118.4
118.7
119.0
119.3
119.5
119.8
120.2
120.5
120-8
121.0
121-1
121.4

T
1
|
|
1
I
1
1
1
1
1
!
1
1
1
1
!
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
I
1
1
1
1
1
\
\
I
1
1
1
1
1
!
1
1
1
*
1
1
1
1

OF

DOLLARS

SUBJECT
P R IV A T E

TOTAL
110. 1
109.5
109.7
109.5
109.6
109.0
109*1
108.5
109.8
109.2
109.4
108.8
108.8
109.6
109.6
109.9
109.6
109.3
109.0
108.6
108.7
109.0
109.2
109.4
109.4
109.3
110.0
110.5
110.3
110.2
110.3
110.2
109.9
109.9
110.4
110.7
111.5
112.2
111.5
112.1
112.2
112.5
112.5
112.9
112.7
113.0
112.7
112.7
112-9
113.3
114-0
113.5

TO

RESERVE

DEMAND

R E Q U IR E M E N T S

D E P O SIT S

NET
|
1
| IN T E R B A N K !
1
7.5
I
I
7.6
l
I
7.6
I
I
7.6
!
7.2
1
1
6.9
!
1
6.9
1
I
6.9
1
I
6.8
1
1
6.8
1
1
6.7
1
1
6.8
1
1
6.8
1
1
7.0
1
1
7. 1
1
1
6.9
1
\
7.0
1
!
6.5
1
1
6.5
1
1
6.4
!
1
6.4
1
1
6.5
1
1
6.9
1
1
6.7
1
1
6.9
1
1
6.7
1
1
7.2
1
!
7.2
1
1
7.1
1
1
7.0
t
1
6
.
8
1
1
6.9
1
1
6
.
8
1
I
6.9
1
1
6
.
9
1
I
7.4
1
I
7
.
4
I
1
7.5
!
1
7
.
4
I
1
7.6
1
1
7
.
7
1
1
7.6
1
1
7.6
I
1
7.7
I
I
7.9
1
1
7.9
1
1
7.7
!
4
7.7
1
1
7.9
!
1
7.9
1
!
8.2
1
I
7.9
1
!

OTHER
102.6
101.9
102.2
102.0
102.4
102.0
102.1
101.6
103.0
102.4
102.7
102.0
102.0
102.6
102.5
103.0
102.5
102.8
102.4
102.2
102.3
102.4
102.3
102.7
102.5
102.5
102.9
103-3
103.2
103.1
103.5
103.3
103.1
103.1
103.5
103.3
104.0
104.7
104.1
104.4
104.5
104.9
105.0
105.1
104.8
105.0
105.0
104.9
105.0
105.4
105.8
105.6

1
1
1
1
I
I
\
I
1
1
1
1
1
f
1
1
1

1
1
4
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
I
!
1
1
1
1
1

U .S.
GOVT
DEMAND
5.4
4.9
4.8
4.6
5.0
5.0
5.2
5.2
5.2
5.4
5.4
5.7
6.0
6.9
7.0
6.9
7.1
6.5
6.0
6.7
6.8
6.7
6.6
7.6
6.5
6.0
6.3
6.3
6.7
6.4
6.4
6.5
7.3
6.0
5.9
5.7
4.0
4.6
4.9
4.8
4.6
6.6
4.0
4.1
3.4
4.5
4.2
6.0
5.6
4.4
4.7
4.6

AGGREGATE

TABLE 3
R E S E R V E S AND MEMBER B A N K
SEASO N ALLY ADJUSTED

M IL L IO N S OF DOLLARS
!
1
1
—
1D E P O S I T O R Y I N S T I T U T I O N S R E S E R V E S !
1
MONETARY
1
NONBASE
1
BORROWED
TOTAL
R E Q U IR E D !
1

1964




JAN
JAN
JAN
JAN
JAN
FEB
FFB
PEB
FEB
MAR
MA R
MAR
MAP
APR
APR
APR
APR
APR
MAY
MAY
MAY
MAY
JON
JUN
JUN
JUN
JUL
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NUV
NOV
NOV
NOV
DEC
DEC
DSC
DEC
DEC

1
!
1... |
ft. . . |
1 5 ...|
2 2 ...|
2 9 ...|
5 ...I
1 2 ...|
1 9 ...|
26...1
4 ...I
11... |
1 8 . . .|
25..
1...1
8.. • |
1 5 ...|
2 2 . . .|
29...!
6 ...!
13...!
20... !
27...!
3... !
10...1
1 7 ----- |
2 4 ...|
1...!
8... |
15...!
22...!
29...!
5...1
12...!
19...!
26...!
2 ...!
9...»
16... !
23...!
3 0 ...J
7... |
14.•.!
2 1 ...|
28...*
4... J
11...!
18..-!
25...!
2... |
9...J
1 6 ...|
2 3 ...r
30... I

D E P O SIT S

B IL L IO N S
|

MEMBER

BANK

OF

D E P O SIT S ~ S u ijE C T ~ T O ~ F E siR v i
P R IV A T E

!

T I M E AND
S A V IN G S

TOTAL

TOTAL
20638.
20381.
20475.
20213.
20236.
20201.
20274.
20348.
20287.
20354.
20222.
20299.
20491.
20339.
20486.
20450.
20363.
20075.
20240.
20412.
20416.
20349.
20409.
20405.
20587.
20443.
20524.
20499.
20848.
20462.
20535.
20679.
20865.
20825.
20942.
20876.
20989.
20841.
21052.
20988.
21166.
21057.
21027.
20899.
21208.
21137.
21384.
21133.
21364.
21212.
21269.
21274„
21315.

20080.
20017.
201.14.
20049.
20059.
19960.
19907.
20057.
20087.
19992.
19969.
19941.
20212.
20184.
20278.
20260.
20044.
19940.
20029.
20098.
20118.
20141.
20145.
20116.
20260.
20211.
20303.
2023620388.
20303.
20356.
20419.
20489.
20547.
20613.
20561.
20511.
20616.
20643.
20710.
20796.
20818.
20647.
20669.
20732.
20710.
20794.
20974.
20989.
r 108^
21*>5.

>‘>r i t .

19844.
19913.
19875.
19924.
19863.
19835.
19872.
19928.
19934.
19860.
19908.
19924.
19983.
20067.
20064.
20151.
19922.
19807.
19951.
19999.
20008.
20018.
20114.
20076.
20132.
20092.
20122.
20208.
20276.
20184.
20167.
20338.
20391.
20434.
20471.
20478.
20492.
20474.
20571.
20600.
20733.
20648.
20600.
20595.
20767.
20768.
20793.
20875.
20975.
20922.
20881.
20877.
20753.

|
!
!
|
I
|
|
!
|
|
|
|
|
!
!
|
!
(
!
!
|
I
|
!
1
|
!
!
J
J
|
!
|
!
!
|
!
|
!
|
|
!
|
I
!
!
|
|
|
|
!
|
\

54. 1
53.8
54.0
53.8
53.8
53.8
53.9
54.0
54.0
54.1
54*0
54.1
54.4
54.3
54.5
54.4
54.4
54.2
54.4
54.7
54.7
54.6
54.7
54. 8
55.0
54.9
55.0
55.0
55.4
55.0
55.1
55.3
55.5
55.6
55.7
55.7
55.8
55.7
55.9
55.9
56.1
56.0
56. 1
56.0
56.3
56.3
56.5
56.3
66.5
56.4
56.6
56.5
56.6

DOLLARS

|
|
!
1
(
|
|
|
!
I
|
|
|
1
|
!
|
!
!
I
|
!
!
|
!
!
1
!
!
!
!
!
|
1
!
1
!
!
I
|
!
!
)
!
!
J
!
|
!
|
\
!
!

204.0
204.8
204.7
205.3
205.0
204.7
205.3
205.9
205.9
205.4
205.8
206.1
206.7
207.1
207.5
208.2
207.2
206.6
207.3
207.8
208.2
208.3
209.0
209.1
209.7
209.7
209.7
210.4
211.0
210.8
210.7
211.8
212.5
213.2
213.4
213.5
213.9
214.1
215.2
215.3
216.2
216.0
216.1
216.2
217.3
217.8
218.3
218.9
219*8
219.4
219*4
2^9.
215.>

!
j

92.8
93.2
93.5
93.6
93.8
94.0
94.3
94.4
94.6
94.8
94.8
95.0
95.1
95.3
95.4
95.6
95.8
96.1
96.3
96.6
96.8
97.1
97.3
97.6
97.9
98.0
98.1
98.2
98.4
98.7
98.9
99.1
99.3
99.5
99.8
100.0
100.4
100.6
100.8
101.1
101.3
101.6
101.8
102. 1
102.3
102.7
103.0
103.2
103.4
103.7
104.0
10**. 3
104.6

106.2
106.2
106.3
107.1
106.7
106.3
106.5
106.3
106.2
105.7
106.0
106.2
106.0
106.3
106.4
106.3
106.7
106.2
106.2
106.3
106.4
106.2
106.4
105.8
106.2
106.1
106.4
107.1
107.1
107.6
107.5
107.5
107.8
107.9
107.8
108.4
108.3
108.8
108.6
108.4
109.0
109.2
109.5
109.2
109.6
108.7
109.6
109.3
109.9
109.4
109.7
109.5
109.0

DEMAND

D E P O SIT S

NET
| IN T E R B A N K |
|
!
|
!
I
|
|
!
1
|
!
|
|
|
!
|
!
|
|
|
!
!
!
|
l
|
1
!
|
(
!
!
|
|
\
|
!
|
|
!
!
|
|
!
|
!
!
!
!
|
|
|
1

7.4
7.5
7.4
7.5
7.5
7.0
6.9
6.8
6.7
6.7
6.9
6.8
6.8
6.6
7.0
7.0
7. 1
6.9
6.6
6.5
6.5
6.5
6.5
6.7
6.5
6.7
6.6
6.9
6.8
7.1
7.0
6.7
6.8
6.8
6.8
6.9
7.2
7.2
7.2
7.0
7.3
7.2
7.5
7.3
7.5
7.6
7.3
7.5
7.6
7.5
7.3
7.5
7.4

R E Q U IR E M E N T S

!
|
|
\
!
1
1
1
1
\
|
I
!
1
|
|
|
1
1
I
!
1
1
I
|
|
!
!
|
1
|
|
!
|
!
|
|
|
1
|
|
|
|
|
|
1
|
!
!
!
I
|
!

OTHER
98.8
98.7
98.9
99.6
99.3
99.3
99.6
99.6
99.5
99.0
99.0
99.4
99.2
99.7
99.4
99.2
99.6
99.3
99.6
99.7
99.9
99.6
99.9
99.2
99.7
99.4
99. B
100.1
100.3
100.5
100.5
100.7
100.9
101.0
101.0
101.4
101.1
101.7
101.4
101.4
101.7
101.9
102.0
101.9
102.1
102.1
102.2
101.9
102.3
101.9
102.4
102.1
101.5

|

|
|
!
|
|
|
|
1
|
|
1
|
I
I
|
|
I
(
|
|
|
|
|
|
I
|
!
!
|
|
|
|
!
|
I
\
|
|
|
|
|
|
l
1
1
|
|
1
|
|
|
\
!
1

U .S.
GOVT
DEMAND

575
5.4
4.9
4.5
4.4
4.3
4.5
5.1
5.1
5.0
5.0
4.9
5.6
5.5
5.7
6.3
4.7
4.3
4.8
5.0
5.0
5.1
5.3
5.6
5.6
5.7
5.2
5.1
5.4
4.5
4.3
5.3
5.4
5.8
5.8
5.1
5.3
4.6
5.8
5.9
6.0
5.2
4.8
4.9
5.4
5.4
5.7
6.4
6.5
6.3
5.6
6.0
5.5

TABLE 3
A G G R E G A T E R E S E R V E S A ND ft E M B E R B A R K
SEASONALLY ADJUSTED

1963




JAN
JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
NAB
NAP
NAB
BAR
APB
APR
APR
APB
NA T
HAT
NAY
NAT
NAT
JON
JON
JON
JON
JOL
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

M I L L IO N S OF D O LLA RS
!
I.
I DEPO SITO RY IN S T IT U T IO N S R E S E R V E S!
1
1
NONBTARY
1
!
BASE
NON!
1
R E Q U IR E D |
TOTAL
1
1 B OR ROW ED
1
!
1
J.
19272.
|
51.8
2* . . |
20306.
19592.
1
19208.
1
51.2
19646.
19583.
9...I
!
19226.
J
51.3
19747.
19668.
16...|
!
51.3
19246.
1
23.•.1
19732.
19562.
!
51.3
3 0 ...|
19557.
19225.
!
19656.
1
| 51.3
19183.
6...|
19640.
! 19417.
51.4
1 3 . . . | 19712.
19209.
t
! 19547.
19215.
| 51.4
2 0 . . . | 19640.
19483.
1
19214.
! 51.5
27...!
19681.
! 19552.
51.5
19268.
|
19664.
19522.
6 ...I
1
19541.
19189.
| 51.6
1 3...!
19678,
1
19196.
| 51.5
2 0...!
19566.
1 19509.
51.6
19411.
19189.
9
27...!
19652.
I
1
9
2
8
6
.
|
51.8
1
9
5
6
6
.
3. . . | 19740.
1
19218.
| 51.6
10...1
19592.
\ 19505.
19649.
52.0
17...!
19806.
19273.
I
1
19306.
! 51.9
19819.
20...!
! 19662.
19342.
S
51.9
1 . . . | 19742.
! 19643.
19340.
| 51.9
8...!
19701.
! 19591.
52.0
19761.
19302.
I
15...!
( 19562.
19323.
| 52.0
22...{
19776.
! 1949519547.
19813.
19336.
| 52.1
29...\
I
19287.
| 52.0
5 . . . ) 19627.
! 19411.
19216.
! 52.0
19387.
1 2...!
19635.
1
1
9
4
2
7
.
1
9
2
1
4
.
|
52.2
1 9 . . . | 19712.
1
19424.
|
19569.
2 6 ___ I
19803.
I
52.3
• 19630.
3...|
19527.
!
19459.
52.5
10... |
19575.
19435.
|
52.4
19998.
19491.
|
17...!
52.6
19686.
20086.
I
19514.
|
24.••!
52.5
19985.
! 19673.
19779.
52.4
19636.
19482.
!
31...I
!
19577.
!
52.7
7...J
19661.
20353.
14...1
19514.
|
19987.
19635.
52.7
\
21...!
52.6
19875.
19581.
19473.
!
\
28.••|
19608.
19474.
|
52.7
19882.
!
19494.
|
«...! 1 9 9 7 4 .
19649.
52.8
19548.
|
11...|
52.9
20049.
i 19695.
18...!
19314.
19566.
!
52.7
! 19721.
1
9
5
9
7
.
|
25...!
1
9
6
6
9
.
5
2.9
20057.
1
19673.
|
52.9
2. •• (
70025.
! 19682.
9... |
53.1
20118.
19683.
!
! 19726.
1 6 . . '. !
19605.
!
53.0
19991.
19682.
1
2 3 ...|
19944.
19583.
53.0
19515.
|
)
3 0 ...J
19851.
19503.
|
52.9
19652.*
!
6...f
19734.
19709.
!
53.2
20138.
!
19690.
|
13...|
53.3
20121.
1 19821.
20...!
19689.
!
53.4
19764.
20195.
1
2 7...|
19786.
19986.
19651.
!
53.2
!
4 ...|
1
9
8
1
9
.
1
9
7
4
0
.
{
5
3.7
20326.
I
19974.
19899.
(
53.4
1 1 . . . I . 20089.
I
18...|
20483.
20211.
19991.
|
53.9
*
25...!
20417«
20120.
19963.
|
53.8
1

D EP O SIT S

B IL L IO N S
|

MEMBER

BANK

D EP O SITS
|

|

i
!
|
!
!

!
I
I

!
|
!
|
I

|
!
|
1
1

!
|
i

|
|
!
|
|
!
!
|
|
I
!
!
|
!
!
|
l
!
|
!
|
|
|
!
!
|
!
|
|
|
!

TOTAL

190.9
190.7
190.8
191.3
191.0
190.7
191.2
191.6
191.7
192.1
191.8
192.2
192.3
193.0
192.8
193.3
193.9
194.1
194.2
194.2
194.7
194.7
194.5
194.3
194.6
196.2
196.9
196.7
197.1
197.5
197.2
198.0
197.9
198.0
198.0
198.2
198.9
199.4
199.8
200.2
200.5
200.3
200.0
200.1
201.6
201.8
202.3
202.2
202.9
203.9
204.8
204.6

OP D O L L A R S
SUBJECT
P R IV A T E

T I M E AND
S A V IN G S

80.8
80.9
81.0
81.2
81.4
81.7
81.9
82.1
82.4
82.6
83.0
83.3
83.5
83.8
83.9
84.1
84.3
84.5
84.7
84.9
85.2
85.3
85.5
85.7
85.9
86.1
86.3
86.4
86.6
86.8
87.1
87.5
87.8
88.1
88.3
88.6
88.8
89.1
89.2
89.5
89.7
89.9
90.2
90.6
90.9
91.1
91.5
91.9
92.0
92.2
92.5
92.6

“
|

TOTAt

|
I
|
t

10473“
104.3
104.5
104.4
104.2
103.8
103.8
103.8
103.5
103.8
103.6
104.0
103.5
103.7
103.7
104.2
104.1
104.1
104.0
104.3
104.2
104.2
103.8
103.8
103.8
103.5
104.4
104.6
104.8
104.9
104.8
104.8
104.8
104.7
104.5
104.8
105.1
105.1
104.7
105.1
105.3
105.5
105.6
105.5
106.5
106.7
106.9
106-5
106.5
106.3
106.3
106.1

|
|
|
|
|
!
|
t
I

|
|
|
|
|
!
|

|
|
|
1

|
|
!
|
!
|
1
|
|
1
|
|
|
|
!
|
1
|
|
|
i
|
!
|
|
|
|
!

TO R E S E R V E

DEMAND D E P O S I T S

NET
T
| IN T ER B AN K

________

1
1
1
1
1

1
1

!
1
1
1
1
I
1
1
1
1

!
1

!
1
I
1
1
1
1
!
1
»
1
<
I
!
!

!
1
1
1

!
1
1

!
!
i
!
!

1
!
t
I
!
!

R E Q U IR E M E N T S

7.3
7.6
7.6
7.7
7.6
7.0
6.9
6.9
6.9
6.8
6.7
6.7
6.7
6.9
6.9
6.7
6.9
6.7
6.5
6.5
6.7
6.4
6.6
6.8
6.7
6.6
6.9
7.0
6.8
6.9
6.8
6.7
6.6
6.7
6.6
6.7
7.1
6.9
7.0
7.1
7.2
7.2
7.2
7.2
7.3
7.4
7.4
7.3
7.5
7.6
7. 6
7.5

|

OTHER

!

97.0
96.7
96.9
96.7
96.6
96.8
96.9
96.9
96.6
97.0
96.9
97.2
96.8
96.9
96.8
97.5
9 7-2
97.5
97.5
97.8
97.5
97.8
97.2
97.1
97.1
96.9
97.6
97.6
98.0
98.1
98.0
98-1
98.. 2
98.0
97.9
98.2
98.0
98.2
97.8
98.0
98.1
98.4
98.3
98.4
99.2
99.3
99.4
99.2
99.1
98.7
98.8
98.6

(
!
|
|
I
|

|
!
|
|
f

|
|
|
I

!
|
|
1

!
|
|
1

|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
!
I
|
|
|
|
!
|
|
|
{
«
!

O .S.
GOVT
DEMAND

575““
5.5
5.3
5.6
5.4
5.3
5.5
5.7
5.7
5.7
5.3
4.9
5.3
5.5
5.1
5.1
5.6
5.5
5.6
4.9
5.4
5.2
5.1
4.8
4.9
6.5
6.2
5.7
5.6
5.7
5.2
5.7
5.3
5.3
5.2
4.8
5.1
5.2
5.8
5.7
5.5
4.8
4.3
3.9
4.1
4.0
3.9
3.8
4.4
5.4
6.0
6.1

TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED

1962




JAN
JAN
JAN
JAN
JAM
PEB
FEB
PEB
PEB
BAR
BAR
BAR
BAR
APR
APR
APR
APR
BAY
BAY
BAY
BAY
BAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
MOY
MOV
NOT
NOV
DEC
DEC
DEC
DEC

M I L L I O N S OP D O L L A R S
|
I
I.
1 DEPO SITO RY IN S T IT O T IO M S R E S E R V E SI
1.
MONETARY
I
1
\
NONBASE
1
1
I
TOTAL
1 BORROWED I R E Q O I F E D 1
1
1
I
1
1
.1
20240.
19514.
|
50.7
3...1
1
9
8
9
9
.
1
I
19730.
19120.
|
19666.
10... |
50.2
I
I
19717.
19648.
19113.
|
17...1
50.2
1
I
24... |
19758.
19101.
|
19802.
50.3
1
I
19671.
19200.
|
19731.
50.3
31... |
1
I
19208.
1
19593.
7...| , 19665.
50.2
1
14...1
19656.
19586.
19158.
|
50.2
1
I
19179.
|
19640.
21... |
19712.
50.3
1
1
19684.
19164.
1
28...|
19628.
50.3
1
1
7...|
19659.
19569.
19213.
1
50.3
1
1
14...|
19621.
19568.
19143.
1
50.3
1
1
1
9
5
7
4
.
19707.
2 1 ___ 1
1
9
2
2
3
.
|
5
0.4
1
1
28...|
19758.
1
9
6
7
2
.
1
9
2
9
9
.
|
50.5
1
1
19864.
4...f
19347.
1
1 9 7 8 9 ..
50.7
1
1
19759.
19315.
|
19699.
50.6
1 1 . . .|
1
\
19779.
19704.
18...|
19287.
|
50.7
1
1
19939.
25...|
19854.
19389.
|
50.9
I
1
19909.
2... |
19846.
19451.
|
50.8
1
1
9. • • |
19887.
19841.
19428.
f
50.7
I
[
19929.
16... |
19865.
19442.
|
50.8
1
\
19951.
23..
19904.
19419.
|
50.8
1
1
30. . . \
20040.
19954.
19433.
{
51.0
1
1
20007.
19495.
|
6...I
19952.
50.9
1
1
13...|
19853.
1
9
8
0
6
.
1
9
4
6
0
.
f
50.8
1
1
19904.
2 0 . . .|
19780.
19434.
\
50.9
\
1
27...|
19908.
1
9
7
4
0
.
1
9
4
1
5
.
|
50.9
\
1
4. •. ]
20059.
19939.
19516.
|
51.1
1
1
20066.
11... [
20011.
19520.
|
51.1
1
1
20058.
18...|
19895.
19496.
|
51.1
1
1
25...|
20078.
20019.
19503.
|
51.1
I
1
1... |
19902.
19832.
19468.
|
51.0
1
1
19881.
8...|
19725.
19391.
\
51.0
1
1
19991.
15...|
19861.
19394.
|
51.1
1
1
22...1
20112.
19956.
19570.
1
51.3
1
1
2 9 . . .|
20131.
2
0
0
5
8
,
19596.
|
51.3
\
\
5...|
20092.
19671.
|
19998.
51.2
1
1
20169.
1
9
6
4
4
.
|
12...1
20092.
51.3
1
1
1 9 . . .|
20131.
20106.
19615.
|
51.3
1
1
20110.
2 6 . . .|
19969.
19606.
t
51.3
1
I
20066.
3... |
20003.
19620.
|
51.3
1
1
20304.
10... |
20260.
19825.
|
51.5
1
1
17...|
19804.
I
20289.
20218.
51.5
1
1
24... |
19807.
|
20256.
20312.
51.6
1
1
3 1 . . .1
19357.
|
19811.
19732.
51.1
1
1
7...1
19520.
18971.
\
19362.
50.8
1
1
1 4...|
19461.
19317.
18890.
|
50.8
1
1
21... |
19588.
19495.
18981.
1
50.9
1
1
28...|
19552.
1
9
4
5
7
.
1
9
0
0
2
.
|
51.0
1
1
5... |
1
9
1
3
7
.
\
19517.
1
9
4
2
5
.
50.8
1
1
12...|
19126.
|
19572.
19465.
50.9
1
1
1 9 . . .|
19629.
19114.
\
19466.
51.1
1
1
26..
19669.
19108.
|
19362.
51.1
1
1

B IL L IO N S
I
I
1
1
1
1
r
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
1
1
\
1
1
1
1
1
1
\
1
1
\
1
1
1
1
1
1
1

MEMBER

TOTAL

178.2
175.7
175.9
176.1
176.9
177.0
177.0
177.5
177.5
178.0
177.7
178.6
179.2
179.5
179.7
179.8
180.6
181.0
181.0
181.2
181.3
181.3
182.0
182.0
182.2
182.1
182.8
183.1
183.1
183.3
182.9
182.5
182.6
184.1
184.3
184.8
185.0
185.3
185.4
185.5
187.0
187.1
187.4
187. 2
187.2
186.9
187.8
188.3
189.0
189. 1
189.4
189.8

BANK

D EP O SIT S

I
I T I M E A ND
S A V IN G S
f
1
1
67.9
1
68.2
1
68.6
1
69.0
1
69.3
\
69.5
1
69.9
1
70.2
1
70.5
1
70.8
1
71.2
1
7
1.5
f
71.8
1
72.0
1
72.4
\
72.5
\
72.7
1
72.8
\
72.9
1
73.1
1
73.3
1
73.6
1
73.9
1
74.2
1
74.4
1
74.6
1
74.9
1
75.1
1
75.2
1
75.3
1
75.5
1
75.6
1
75.8
1
76.0
1
76.2
\
76.4
1
76.5
1.
76.8
1
77.1
1
77.3
1
77.6
1
77.8
1
78. 1
1
78.2
1
78.5
\
78.7
$
1
78.8
79. 1
I
79.5
1
79.8
1
80.2
1
80.5
1

|

|

OP

DOLLARS

SUBJECT
P R IV A T E

TOTAL

1 -1 0 3 “
|
103.2
|
103.3
|
103.1
|
103.1
1
102.4
|
102.6
|
102.6
|
102.5
I
102.5
|
102.3
|
102.5
|
102.1
|
102.4
|
102.7
|
102.8
1
102.8
|
103.0
I
102.6
|
102.7
|
102.3
|
102.1
f
102.2
|
102.3
|
102.5
1
102.1
|
102.2
I
102.5
|
102.7
|
102.6
t
102.6
|
102.3
1
102.5
|
102.2
1
102.2
|
102.1
|
102.3
|
102.4
|
102.4
|
102.9
|
102.7
|
102.8
|
102.9
|
103.1
\
103.2
|
103.3
|
103.5
|
103.9
|
103.6
1
103.5
\
103.6
|
104.0

TO R E S E R V E
DEMAND

R EQ U IR E M EN TS

D EP O SITS

NET
1
| IN T E R B A N K
2
7.9
1
7.8
1
7.8
1
7.8
»
7.7
\
7.1
1
7.1
1
7.1
1
7.0
1
6.9
1
6.9
1
6.9
1
7.0
1
7.1
!
7.2
\
7.1
1
7.1
1
7.0
1
6.4
1
6.3
[
6.3
1
6.2
\
6.4
1
6.5
1
6.5
1
6
.5
1
6.6
1
6.8
1
6.9
1
6.7
1
6.6
1
6.5
1
6.6
1
6.6
\
6.6
\
6.6
1
6
.7
1
6.8
1
6.8
1
7.0
1
7.2
1
7. 1
I
7.2
1
7. 1
1
7.3
7.4
1
7
.4
1
7.4
1
7.2
1
7.3
1
7.3
1
7.3
1

|

OTHER

|

9577
95.4
95.5
95.3
95.4
95.4
95.5
95.6
95.5
95.6
95.4
95.6
95.1
95.3
95.5
95.7
95.8
96.0
96.2
96.4
96.0
95.8
95.9
95.8
96.0
95.6
95.6
95.7
95.8
95.9
96.0
95.8
95.8
95.6
95.6
95.4
95.6
95.6
95.6
95.9
95.5
95.7
95.8
96.0
95.9
95.9
96.1
96.4
96.3
96.2
96.3
96-7

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
1
|

U .S.
GOVT
DEMAND
6 7 6 “" "
4.3
4.0
4.1
4.5
5.1
4.5
4.7
4.5
4.6
4.2
4.6
5.2
5.1
4.6
4.4
5.0
5.2
5.4
5.4
5.7
5.6
5.8
5.5
5.3
5.4
5.8
5.5
5.2
5.4
4.9
4.5
4.4
5.9
5.9
6.4
6.1
6.1
5.9
5.3
6.7
6.5
6.4
5.8

5.5
4.9
5.4
5.3
5.9
5.8
5.7
5.3




TABLE 3
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
SEASONALLY ADJUSTED
B IL L IO N S

M IL L IO N S OP DOLLARS
1
1
|D EPO SITO RY IN S T IT U T IO N S R E S E R V E S
1
1
1
1
JAN
JAN
JAN
JAN
PEB
FEB
PEB
FEB
MAR
MAR
MAR
MA R
MAR
APR
APR
APR
APR
MA Y
MAY
H AY
H AY
MA Y
JUN
JON
JUN
JUN
JOL
JOL
JUL
JOL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DE C

4...|
1 1 ___ f
18.
25...!
1...I
8 ...|
1 5 . . .|
2 2 . . .|
1...1
8...|
1 5 . . .|
2 2...(
2 9 ...j
5...1
12...|
19...I
26...|
3...1
1 0 . . .|
1T...J
2 4 ...|
31... I
7...|
14...!
2 1 . ..|
28...|
5. .. |
12...!
1 9 ...|
2 6 . . .|
2 ...|
9 ... |
16...|
23...|
30... !
6 ...|
1 3...|
20...|
27...!
4 ...|
11... |
18...!
2 5 ...|
1...I
8...!
15...!
22...!
29...J
6...!
13...!
2 0...(
27...J

TOTAL

19409.
18742.
189&4.
19282.
18858.
18923.
18971.
19162.
19162.
18856.
19049.
18960.
18949.
18939.
19018.
19055.
19047.
18802.
18792.
18979.
19000.
19045.
18979.
19000.
19089.
19022.
19024.
19145.
19051.
19071.
19256.
19284.
19361.
19329.
19373.
19376.
19407.
19426.
19487.
19541.
19504.
19797.
19744.
19688.
19630.
19756.
19798.
19881.
19708.
19670.
19747.
19649.

I
NON1
1 BO RROW ED
1
J
19233.
1
18691.
1
18949.
1
19235.
1
18792.
!
18744.
1
1
8778.
!
19055.
!
19112.
1
18762.
!
19000.
1
18908.
1
18871.
1
18832.
1
18966.
1
19011.
!
19010.
!
18741.
1
18728.
1
18806.
!
18934.
1
18953.
1
18917.
1
18929.
1
19047.
1
18941.
I
18976.
\
19098.
(
18996.
1
19021.
1
19181.
»
19161.
!
1
9299.
1
19292.
1
19336.
1
19319.
!
19380.
1
19382.
!
19460.
!
19507.
1
19475.
!
19652.
I
19688.
(
19614.
1
19539.
1
19634.
1
19708.
1
19780.
(
19673.
1
19630.
1
19638.
1
19433.
1

1
1
1 R E Q U IR E D
1
J 18395.
1
18170.
I
18192.
1
18278.
!
18310.
18355.
1
18329.
!
18437.
1
18483.
I
18429.
1
18414.
1
18456.
1
18349.
1
18404.
1
18437.
!
18374.
1
18316.
1
18335.
!
18314.
1
18377.
1
1
8435.
1
18430.
1
18408.
1
18371.
1
18543.
1
18395.
1
18477.
!
18488.
1
18362.
1
18421.
1
18779.
1
18727.
I
1
8757.
!
18732.
1
18779.
1
18835.
1
18818.
!
18859.
1
18830.
1
19057.
1
19011.
!
19223.
I
1
9196.
1
19145.
1
19157.
1
19168.
!
19201.
1
19160.
1
19163.
!
19104.
1
19169.
1
19089.
1

MEMBER
MONETARY
BASE
TOTAL

BANK

D EP O SITS
!
I
1
1

T I M E A ND
S A V IN G S

OP D OLLARS
SUBJECT
P R IV A T E

TOTAL

TO

RESERVE

R EQ U IR E M E N T S

DEMAND D E P O S I T S

|

NET
| IN T E R B A N K

OTHER

|

U.S.
GO VT
D EM A N D

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
!
1
|
|
|
|
|
|
!
|
!
|
|
1
|
!
|
|
|
!
|
|
I
|
1
|
|
|
|
!
f
!
)

9275
91.9
92.3
92.9
93.0
93.0
93.1
93.2
93.5
93.0
93.4
93.8
93.8
93.7
93.8
93.8
93.9
93.9
93.9
94.3
94.3
94.4
94.2
94.4
94.4
94.1
94-3
94.3
94.5
94.4
94.5
94.5
94.9
94.8
94.9
94.8
94.9
95.2
95.0
94.8
94.8
95.0
95.4
95.3
95.2
95.7
95.4
95.3
95.2
95.2
95.8
95.3

|
I
|
|
|
|
|
|
|
!
|
|
|
|
!
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
{
|
!
|
|
(
|
|
|
|
|
|
!
|
I
|
|
|

6.0
4.5
4.3
4.2
4.1
4.8
4.5
5.2
5.0
5.0
4.5
4.5
».7
4.0
4.2
3.6
3.1
3.2
3.1
3.2
3.4
3.1
3.0
2.6
3.8
3.2
3.4
3.1
2.2
2.4
4.5
4.2
4.1
4.0
4.0
4.5
4.3
4.4
4.3
5.5
5.1
6.4
5.8
5.3
5.3
5.0
5.4
5.2
5.0
4.6
4.6
4.6

J
49.1
48.5
48.8
49.0
48.6
48.6
48.7
48.9
48.9
48.6
48.7
48.7
48.7
48.7
48.8
48.8
48.8
48.6
48.6
48.8
48.8
48.9
48.8
48.8
48.9
48.9
48.9
49.0
49.0
49.0
49.2
49.2
49.3
49.3
49.4
49.5
49.5
49.6
49.6
49.7
49.7
50.1
50.0
49.9
49.9
49.9
50.0
50.2
50.0
50.0
50.1
50.0

164.4
163.0
163.2
163.9
164.1
164.9
164.9
165.9
166.2
166.0
166.0
166.5
165.8
166.0
166.7
166.4
166.2
166.5
166.5
167.1
167.6
167.5
167.6
167.4
168.8
167.9
168.7
168.8
168.2
168.6
171.0
170.7
171.1
171.1
171.2
171.8
172.0
172.5
172.4
174.0
173.8
175.4
175.3
174.9
175.1
175.4
175.8
175.8
175.5
175.2
175.8
175.4

5975
59.2
59.2
59.4
59.7
60.3
60.5
60.6
60.9
61.1
61.2
61.3
61.5
61.7
61.8
62.1
62.2
62.6
62.9
63.0
*>3. 2
63.4
63.5
63.7
63.8
64.0
64.2
64.4
64.6
64.8
65.0
65.2
65.3
65.4
65.5
65.7
65.9
66.1
66.2
66.5
66.6
66.7
66.8
67.0
67.1
67.3
67.4
67.6
67.7
67.8
67.7
67.9

1
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
1
1
1
1
1
1
1
1
1
1
1
1
I
1
1
1
1
1
1
1
1
!
1

99.2
99.3
99.6
100.2
100.3
99.9
99.9
100.1
100.3
99.9
100.3
100.7
100.6
100.4
100.7
100.8
100.8
100.7
100.6
100.9
100.9
101.1
101.1
101.2
101.2
100.8
101.1
101.3
101.4
1C1.4
101.4
101.4
101.7
101.7
101.7
101.6
101.8
102.0
101.9
102.0
102.1
102.3
102.7
102.7
102.7
103.1
103.0
103.0
102.8
102.8
103.4
102.9

775
7.3
7.4
7.4
7.3
6.9
6.8
6.9
6.8
6.9
6.9
6.9
6.8
6.7
6.9
7.0
6.9
6.8
6.6
6.6
6.7
6.7
6.8
6.8
6.8
6.7
6.8
7.0
6.9
7.0
6.9
6.9
6.8
6.9
6.8
6.8
6.9
6.8
6.9
7.2
7.2
7.3
7.3
7.3
7.6
7.5
7.6
7.6
7.6
7.7
7.6
7.6




TABLE 3
AGGREGATE RESERVES AND HEHBEP BANK DEPOSITS
SEASONALLY ADJUSTED

0

JAN
JAN
JAN
JAN
PEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
HAY
N AY
MAY
HA Y
JON
JUN
JUN
JON
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

M I L L IO N S OF D OLLARS
1
|D EPO SITO R Y IN S T IT U T IO N S RESER VE S
1
1
NON1
BORROBED
R EQ U IR E D
TOTAL
1
1
1
18578.
18096.
17565.
6...|
18073.
17709.
18620.
1 3 . . .|
18099.
17779.
20...|
18693.
18310.
17537. '
17906.
2 7 . . .|
18911.
17930.
17603.
3...1
17869.
10...|
17993.
18293.
17...1
17386.
17851.
18359.
18219.
17790.
17599.
2A ...I
17969.
17821.
2...|
18262.
17579.
17807*
9.. . |
18169.
18298.
17787.
1 6 . . .|
17572.
23...1
18220.
17633.
17769.
30...|
18101.
17999.
17792.
6...1
17358.
17625.
18062.
17357.
17560.
18028.
13...1
2 0...|
18199.
17633.
17830.
2 7 . ..|
18393.
17819.
17862.
9...1
18199.
17870.
17692.
17800.
17851.
18399.
11...1
18...|
17829.
18281.
17726.
25... |
17800.
17851.
18253.
17839.
18270.
17832.
i...r
8 . . . | 18339.
17939.
17872.
17891.
15...|
18266.
17892.
17875.
17882.
18932.
22...|
17917.
18329.
17893.
29...|
6 ...|
18360.
17920.
17923.
13...|
18997.
18106.
17873.
20...|
18656.
18227.
18190.
2 7 . . .|
18597.
18196.
18073.
3...|
18298.
18075.
18563.
1 0...|
18373.
18666.
18159.
17.. . |
18350.
18766.
18185.
2 9 ...|
18595.
18902.
18129.
1
8
7
1
9
.
1
8
9
9
6
.
3 1 ...|
18080.
7...|
18619.
18353.
17958.
19...1
18969.
18768.
17999.
18999.
21...1
18573.
18059.
2 8 . . «|
18589.
18359.
18066.
5...|
18798.
18598.
18137.
18627.
12...1
18775.
18086.
1 9 . . .|
18798.
17996.
18872.
18110.
2 6 . . .|
18639.
18399.
18207.
18582.
18771.
2 • ... I
9...|
18696.
18176.
18782.
18191.
16...|
18585.
18753.
2 3 . . .|
1
8111.
18619.
18718.
3 0 . ..|
19660.
19597.
18963.
7...|
18138.
18838.
18778.
1 9 . . .| . 1 8 7 8 9 .
18719.
18079.
2 1 ...|
18896.
18920.
18166.
28...1
18853.
18208.
18902.

B IL L IO N S
MEMBER
MONETARY
BASE

BANK

D EP O SITS

OF DOLLARS
SUBJECT
P R IV A T E

TOTAL

T I M E AND
S A V IN G S
TOTAL

98.3
98.3
98.9
98.0
98.2
98.0
98.1
98.0
98.0
97.9
98.0
97.9
97.8
97.9
97.8
98.1
98.2
97.9
98.1
98.0
98.0
98.1
98.1
98.0
98.2
98.1
98.1
98.2
98.9
98.3
98.9
98.9
98.5
98.9
98.5
98.9
98.6
98.9
98.9
98.5
98.6
98.7
98.9
98.6
98.5
98.5
98.9
99.9
98.6
98.5
98.7
98.6

157.9
158.1
158.2
156.9
157.0
156.5
156.6
156.2
156.3
156.3
156.2
156.3
156.1
155.9
155.0
156.7
157.0
157.1
157.0
157.0
156.7
157.0
157.3
157.2
157.6
157.9
158.1
158.0
159.9
159.6
159.7
160.9
160.8
160.5
160.2
160.5
160.7
161.5
161.5
161.7
161.8
161.5
162.2
163.0
163.1
163.0
162.8
162.8
162.2
161.8
162.7
163.0

5975
59.1
53.9
53.8
53.8
53.7
53.6
53.6
53.6
53.6
53.7
53.8
53.9
53.9
59.0
59.0
59.1
59.1
59.2
59.2
59.3
59.3
59.9
59.5
59.6
59.8
59.9
55.0
55.2
55.9
55.5
55.7
55.9
56.2
56.3
56.5
56.7
56.9
57.0
57.1
57.3
57.9
57.6
57.8
58.0
58.1
58.3
58.9
58.6
58.7
58.9
59.1

99.2
99.2
99.5
99.1
99.0
98.6
98.8
98.9
98.6
98.5
98.5
98.2
98.2
97.9
98.0
98.9
98.9
98.1
98.0
97.9
97.7
97.6
97.7
97.8
98.0
98.1
98.0
98.2
98.7
98.7
99.1
99.3
99.6
99.9
99.5
99.5
99.6
100.0
99.1
98.9
99.9
99.7
99.7
99.8
99.7
99.6
99.5
99.5
99.1
99.1
99.6
98.9

TO R E S E R V E

DEMAND D E P O S I T S

NET
| IN T ER B A N K
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
\
|
|
|
1
1
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
|
j

|
|
|
\

|
|
|
|
|
|

|
|
|
|

R E Q U IR E M E N T S

7.0
6.9
6.9
7.0
6.6
6.3
6.2
6.2
6.1
6.1
6.1
6.2
6.2
6.9
6.9
6.3
6.3
6.1
6.1
6.0
6.0
6.0
6.3
6.2
6.3
6.3
6.5
6.5
6.6
6.6
6.5
6.6
6.6
6.5

6 .6
6.7
6.7
6.8
6.7
6.6
7.0
7.1
7.1
7.0
7.2
7.2
7.2
7.1
7.1
7.1
7.2
7.2

|

OTHER

|

92.3
92.9
92.5
92.2
92.9
92.3
92.6
92.2
92.5
92.9
92.9
92.0
92.0
91.6
91.6
92.2
92.0
91.9
91.9
91.9
91.7
91.6
91.9
91.6
91.7
91.9
91.5
91.7
92.1
92.2
92.5
92.7
93.0
92.9
93.0
92.8
92.9
93.2
92.9
92.9
92.9
92.6
92.6
92.8
92.5
92.9
92.2
92.9
92.0
92.0
92.9
91.8

|
|
|
|
|
|
|
|
|
|
|
1
|
1
|
1
|
|
|
|
1
|
\
|
|
|
|
1
|
|
1
|
|
|
|

|
|
1
|
|
|

|
|

|
|
|

|
|
|
|
|
1

U .S.
GOVT
DEMAND
--9.7
9.8
3.9
9.2
9.3
9.2
9.1
9.1
9.2
9.1
9.3
9.1
3.5
3.0
9.2
9.5
9.9
9.8
9.8
9.8
5.0
5.3
9.9
5.0
9.5
5.2
9.7
5.9
5.5
5.1
5.9
5.9
9.9
9.9
9.5
9.3
9.7
5.5
5.7
5.1
9.3
9.9
5.9
5.9
5.3
5.1
5.0
9.5
3.9
9.2
5.0

TABLE 3
AGGREGATE RESERVES AND WEBBER BANK DEPOSITS
SEASONALLY ADJUSTED
B IL L IO N S
D EP O SITO R Y

TOTAL

1959




JAN
JAN
JAN
JAN
FEB
FFB
PEB
FEB
WAR
WAP
WAP
WAP
APR
APP
APR
APP
APR
WAY
WAY
WAY
WAY
JON
JUN
JON
JUN
JUL
JUL
JOL
JOL
JOL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

7...
n . . .
21...
28...
4...
11...
18...
25...
4...
11...
18...
25...
1...
8...
15...
22...
29...
6...
13...
20...
27...
3...
10.. .
17...
24...
1...
8...
15...
22...
29...
5...
12...
19...
26...
2...
9...
16...
23...
30...
7...
14.. .
21...
28...
4...
11...
18...
25...
2...
9...
16...
23...
30...

18612.
18585.
18574.
18661.
18644.
18789.
18680.
18576.
18574.
18688.
18575.
18645.
18605.
18821.
18749.
18684.
18482.
18534.
18620.
18856.
18^04.
184*74.
18512.
18553.
18513.
18422.
18583.
186°8.
18839.
18664.
18710.
18809.
18732.
18806.
18817.
13904.
18781.
18755.
18375.
18682.
18642.
18674.
18446.
18597.
18715.
18639.
* 18548.
18448.
18674.
18583.
18690.
18529.

OF

DOLLARS

IN S T IT U T IO N S

NONBORPOWED

17986.
17872.
18136;
18172.
18229.
18254.
18115.
18119.
18045.
17985.
18050.
18045.
17993.
18149.
18046.
17935.
17826.
17859.
17911.
18003.
17846.
17625.
17533.
17577.
17637.
17501.
17556.
17696.
17928.
17774.
17676.
17736.
17787.
17866.
17852.
17847.
17722.
17896.
17654.
17676.
17594.
17855.
17656.
17771.
17807.
17783.
17726.
17573.
17763.
17627.
17710.
17601.

B IL L IO N S
f

RESERVES

WEBBER

WONETARY
BASE
R E Q U IR E D

18069.
18024.
18039.
18268.
18240.
18236.
18239.
18165.
18156.
18135.
18187.
18187.
18137.
18412.
18305.
18174.
18114.
18176.
18166.
18254.
18174.
18171.
18084.
18097.
18056.
18105.
18148.
18287.
18352.
18315.
18310.
18267.
18301.
18369.
18416.
18346.
18298.
18233.
18155.
1R199.
18153.
18168.
18144.
18197.
18193.
18182.
18115.
18082.
18159.,
18140.
18051.
18065.

1

47.9
47.9
48.0
48.1
48.1
48.2
48.1
48.0
48.0
48.1
48.0
48.1
48.1
48.2
48.2
48.2
48.1
48.1
48.2
48.5
48.2
48.2
48.2
48.3
48.3
48.2
48.3
48.4
46.6
48.5
48.5
48.6
48.5
48.6
48.6
48.6
48.6
48.5
48.1
43.4
48.3
48.4
48.2
48.3
48.4
48.3
48.2
48.1
48.3
48.2
43.3
48.2

|
|
|
I
|
|
1
\
I
|
l
|
|
1
|
|
|
|
|
I
|
|
\
|
1
1
\
|
t
1
|
1
|
!
|
|
|
|
\
\
I
|
|
[
|
|
|
1
|
i
|
|

TOTAL

157.0
156.7
156.9
158.5
158.3
158.2
158.2
157.7
157.6
157.4
157.8
157.8
157.5
159.3
158.9
158.1
157.8
158.1
158.1
158-7
158.2
158.2
157.6
157.9
157.6
158.0
158.0
159.2
159.5
159.2
159.1
159.0
159.2
159.7
160.0
159.5
159.3
158.9
158.4
158.6
158.2
158.3
158.2
158.5
158.5
158.6
158.1
157.9
158.5
158.4
157.8
153.0

t
I
I
I
I
I
I
I
I
I
l
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
I
I
!
1
1
1
1
1
I
1
1
1
t
[
1
!
1
1
1

BANK

D E P O SIT S
1
1
1
1

T I N E AND
S A V IN G S

5378
53.8
53.9
53.9
53.8
53.7
53.7
53.8
53.8
53.9
53-9
53.9
54.0
54.0
54.1
54.1
54.2
54.2
54.3
54.3
54.3
54.4
54.5
54.5
54.5
54.5
54.4
54.4
54.4
54.4
54.4
54.4
54.4
54.3
54.4
54.4
54.4
54.4
54.4
54.3
54.3
54.3
54.3
54.4
54.4
54.4
54.4
54.4
54.4
54.4
54.4
54.4

V
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
I
1
1
1
1
1
1
1
1
1
I
1
1
1
!
1
1
1
1
1
1
1
1
1
1

OF

DOLLARS

SUBJECT
P R IV A T E

TOTAL
9977
99.9
100.0
100.1
99.7
99.8
99.9
99.9
99.9
99.9
100.4
99.8
100.1
100.1
100.0
99.8
99.8
99.8
100.1
100.4
100.5
100.6
100.2
100.6
100.2
100.6
100.9
100.8
100.7
100.9
100.8
101.1
100.9
100.6
100.8
100.2
100.2
99.8
100.0
100.3
100.1
99.6
99.1
99.5
99.9
99.9
99.7
99.5
99.2
99.2
98.5
98.7

TO

RESERVE

DEMAND

D E P O SIT S

NET
| IN T E R B A N K
|
1
f
1
1
f
1
|
l
|
|
|
|
V
|
1
|
|
|
f
1
|
|
|
|
|
|
1
|
I
|
I
|
|
|
|
\
f
|
f
l
|
|
|
|
1
|
|
I
|
\
f

679
6.9
7.0
7.0
6.7
6.5
6.5
6.5
6.4
6.5
6.5
6.5
6.4
6.5
6.5
6.6
6.5
6.2
6.2
6.3
6.3
6.2
6.3
6.3
6.3
6.3
6.5
6.5
6.5
6.5
6.3
6.4
6.4
6-3
6.4
6.6
6.5
6.6
6.4
6.8
6.6
6.6
6.5
6.6
6.8
6.7
6.6
6.7
6.9
6.8
6.9
6.6

R E Q U IR E M E N T S

.

f

OTHER

|

U .S.
GOVT
DEMAND

9278
93.0
93.0
93.1
93.1
93.3
93.3
93.4
93.4
93.4
93.9
93.3
93.7
93.6
93.5
93.2
93.3
93.6
93.9
94.1
94.3
94.4
93.9
94.3
93.9
94.3
94.4
94.4
94.2
94.4
94.6
94.7
94.5
94.4
94.5
93.6
93.7
93.2
93.6
93.5
93.5
92.9
92.6
92.9
93.1
93.2
93.1
92.7
92.3
92.3
91.6
92.1

|
1
|
|
1
|
|
|
|
|
|
|
l
I
|
1
|
|
I
1
|
[
|
|
|
I
|
1
|
|
I
|
|
I
|
|
\
|
|
|
|
|
1
f
I
1
\
\
|
|
|
l

3 7 5 “"
3.0
3.0
4.5
4.7
4.7
4.6
4.0
3.9
3.6
3.5
4.1
3.4
5.1
4.8
4.2
3.7
4.0
3.8
3.9
3.3
3.2
3.0
2.8
2.9
2.8
2.7
3.9
4.3
3.9
3.9
3,5
3.9
4.5
4.8
4.9
4.7
4.7
4.0
3.9
3.8
4.4
4. H
4.6
4.2
4.3
4.0
4.0
4.9
4.8
4.9
4.9




TABLE 4
AGGREGATE PESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
1

M IL L IO N S

OF

1D E P O S I T O R Y
1
1
1
TOTAL
1
1
JAN "”
7771
JAN
JAN 2 1 . . . I
J A N 2 8 ____|
4... \
FEB
FEB i i . . . I
F E B 1 8 ___ 1
F E B 2 5 ----- 1
MAR
4... |
MAP 1 1 . . . !
MA R 1 8 . . . |
M A P 2 5 ----- 1
APR
1 ...I
APR
8.. . f
APR 1 5 . . . |
APR 2 2 . . . !
APR 2 9 . . . I
6...1
HAY
HAY 1 3 . . . !
MAY 2 0 . . . 1
MAY 2 7 . . . J
3... |
JUN
JON 1 0 . . . |
JUN
JUN
JUL
JUL
JUL
JUL
JUL

17... |
24... !
1... |
8...|
15...!
22... 1
29...!

409307
41733 *
42759.
41156.
40517.
39234.
40211.
39269.
40013.
39188.
39742.
39518.
40217.
38983.
40050.
40815.
41158.
41475.
40061.
40435.
40113.
40081.
39395.
40463.
40599.
41192.
40359.
40571.
41612.
41182.

IN S T IT U T IO N S
I
\
\
I

NONBORROWED

t
I
I
!

.1
1“ “ 3 9 8 1 3 7 '
!
1

1
1
1
«
1
f
!

1
1
\
\

1
1
!

1
1
I

1
1
1
\
1
!

1
1
!
1

40401.
41340.
39363.
39316.,
38121.
39066.
37556.
38714.
38420.
38968.
38630.
38753.
38096.
38908.
39951.
38880.
39004.
38327.
38460.
37190.
38127.
37188.
38568.
38294.
39457.
38493.
39276.
39882.
39204.

B IL L IO N S

DOLLARS

!

1
1
1

1
1
1
!
!

1
1
\

1
1
!
I

1
\

1
1
1
1
!

1
1
1
!

1
1
1

I
!
RESERVES!
!

|

MEMBER

MONETARY
BASE

I
R E Q U IR E D I
l
.!
” 406257“ “ I “”
41544.
!
42438.
!
40756.
I
40150.
I
38906.
!
39768.
I
39364.
!
39505.
\
38924.
!
39585.
I
39526.
!
39755.
I
38925.
!
39727.
I
40818.
!
41099.
!
41176.
!
40012.
I
40364.
I
39831.
I
39876.
I
39275.
1
40228.
1
40270.
1
40847.
1
40029.
1
40508.
1
41303.
1
40884.
«

BUNK

D EP O SIT S
I

!

TOTAL

(
I

!
!
!
!
)
!
|
1
{
»
!
|
|
!
!
!
!
I
|
|
!
1
1
I
!
(
(
!
|
I

729.5
719.9
706.8
698.9
704.5
702.0
701.8
698.5
702.1
702.4
705.4
699.5
705.7
713.5
715.9
716.1
708.5
709.0
709.6
710.9
707.7
718.3
719.3
721.9
716.1
721.9
730.8
728.9
726.3
723.6

! " ” 5 1 8 . '5
|
523.4
!
518.2
|
521.0
|
523.7
!
525.1
!
524.3
l
525.6
|
525.6
I
526.0
!
528.5
1
528.7
|
529.9
I
530.9
!
531.8
!
531.7
|
532.1
I
532.1
!
536.7
(
538.6
!
540.4
!
544.4
|
545.4
!
544.0
1
543.8
|
547.3
|
550.7
!
551.6
!
553.2
I
554.5

|
t
|
|
»
!
|
|
!
|
I
I
|
I
|
|
|
I
I
f
I
|
|
|
|
|
1
)
|
|

DOLLARS

SUBJECT
P R IV A T E

T I M E AND
S A V IN G S
|

16275
161.8
161.9
158.9
158.9
158.8
160.0
157.5
159.0
159.3
159.8
159.1
160.0
160.7
162.0
162.3
161.4
163.5
162.5
162.4
162.3
162.1
163.0
163.6
163.2
163.8
166.1
165.5
165.9
164.5

OF

TOTAL
209.0
194.8
186.2
175.7
178.6
175.1
175.3
170.8
174.5
174.4
173.7
169.1
174.4
179.8
181.0
181.3
173.1
174.2
171.3
169.8
165.6
171.6
172.2
174.1
169.7
172.8
1 7 7 ,. 8
175.3
171.3
167.3

TO

RBSBPVB

DEMAND

D E P O SIT S

NET
IN T E R B A N K |
20.75
18.1
18.1
16.3
18.3
16. 8
18.1
17.3
18. 1
17.7
17.5
17.3
18.0
17.9
17.9
16.6
16.6
17.1
16.4
16.8
16.6
18.3
17.2
17.8
17.9
18.7
18.3
18.4
17.6
17.6

B B Q U IB B H E H T S

|
!
!
|
\
!
!
!
!
I
!
I
I
I
|
I
I
I
|
!
1
I
!
I
I
|
!
1
|
I

OTHER
18875
176.7
168.0
159.4
160.3
158.3
157.2
153.5
156.4
156.7
156.3
151.8
156.4
161.9
163.2
164.7
156.5
157.1
155.0
152.9
149.0
153.2
155.0
156.4
151.8
154.2
159.5
156.9
153.7
149.8

1
1
1
1
|
1
1
1
1
1
1

1
1
\
1
I
!

1
1
1
\
1
I

1
1
1
1
\

1
1
1
1
1
1
1

U .S.
GOVT
DEMAND
2.2
1.7
2.4
2.1
2.3
1.8
2.2
2.0
2.1
1.9
3.2
1.7
1.4
2.9
3.1
3.2
3.2
2.8
1.6
2.5
1.6
2.3
1.7
3.8
2.6
1.8
2.3
2.0
1.9
1.7

TABLE 4
AGGREGATE RESERVES AND HEHBBR BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1980




JIN
JAN
JAM
JAN
JAN
FEB
FBB
FEB
FBB
RAN
HAN
HAN
HAN
APN
APR
APN
APN
APR
HAY
HAY
HAY
HAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AUG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

H I L L I O N S OF D O LLA R S
\
1
|DEPO SITO RY IN S T IT U T IO N S R E S E R V E S
1
1
NON1
TOTAL
R EQ U IR E D
BORNOVED
1
1
_____ 1
44737.
43306.
44185.
2...|
44671.
44543.
9... j
43941.
46031.
16...|
46414.
45187.
49068.
45145.
2 3 . . .|
45271.
30.
44449.
44692.
42873.
43224.
6... |
42978.
43736.
1 3 ___ 1
41080.
42371.
42319.
20...|
41800.
43450.
*3992.
2 7 . . .|
42999.
42792.
40732.
5...|
42467.
42998.
*0*92.
42331.
12...1
42409.
38971.
43445.
40445.
43265.
19... |
2 6 ...|
42991.
42972.
*0313.
2 ... |
43843.
41581.
43556.
9 ...I
44290.
41906.
44132.
16...|
*2567.
44843.
44636.
23...1
45254.
45491.
42938.
3 0 ...|
45194.
45034.
42531.
7...1
44530.
43199.
44202.
1 4...|
43488.
42468.
43453.
2 1 . . .|
44159.
43880.
43321.
28...|
43595.
42471.
43614.
4...|
44151.
43692.
43766.
11...|
42948.
42547.
42809.
1 8...|
4^017.
43413.
43268.
2 5 . . .|
43240.
42922.
43080.
2...|
44069.
43721.
43778.
9 ...|
43058.
42843.
42556.
1 6 . . .|
43531.
43596.
43863.
2 3 ...|
43724.
43370.
43713.
30...1
40801.
40172.
40492.
6...|
40369.
39541.
39759.
13...|
39399.
39009.
39305.
20... |
40567.
40912.
40588.
27...|
40410.
39710.
40285.
3...|
41075.
39727.
40601.
10...1
40224.
39630.
40046.
1 7 . . .|
40744.
39531.
40409.
24.•• |
41643.
40013.
41564.
42234.
40361.
41884.
1...I
8...|
39884.
40780.
41132.
1 5 . . .|
41188.
40081.
40953.
22... |
40995.
42198.
42120.
2 9 ...|
41966.
40526.
41930.
5.« • |
42599.
42032.
40721.
1 2 . . .|
42090.
40023.
41686.
19...|
40610.
38631.
40017.
26... |
40314.
38099.
39995.
3... |
40806.
38664.
39910.
10..
39498.
37712.
39236.
17...|
40976.
39471.
40587.
2 4 ...|
40808.
39159.
40232.
31... |
41093.
39466.
40631.

B IL L IO N S
HEHBEN
HONETANY
BASE

D EP O SIT S

6 6 4 7T
660.9
656.6
649.1
642.1
647.7
645.5
642.1
641.5
648.5
647.5
650.5
645.0
651.6
659.6
661.2
657.6
651.3
654.4
651.6
653.0
647.0
656.2
656.8
661.4
652.3
658.9
660.7
660.1
655.6
651.9
660.5
661.0
667.0
663.7
667.0
677.4
679.5
672.3
674.7
684.5
684.3
684.4
683.0
689.7
694.1
695. 8
693.8
703.9
703.5
707.8
710.4
720.0

1 T I H B A ND
S A V IN G S
1
1
T
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

i
i
i
i
i
i
i
i
i
i
i
i
i
i

i
i
i
i
i
i
i
i
i
l

i
i
i
i
i

i
i

i
i
i
i

i

S U B J E C T TO R E S E R V E
P R IV A T E

I

TOTAL

156.8
157.0
157.5
155.6
154.0
154.5
153.3
155.1
152.9
154.3
154.6
155.5
154.4
155.7
157.9
157.7
157.8
157.1
158.2
157.3
157.8
157.5
158.5
158.5
158.7
158.0
159.5
160.9
161.0
160.3
156.7
158.2
157.5
158.4
157.3
159.0
158.8
158.8
159.0
159.4
160.2
160.7
161.0
160.2
162.2
163.4
160.6
160.1
161.5
161.3
162.7
163.5
162.9

BANK

OF D O L L A R S

""4 5 2 7 4
454.5
456.0
455.8
454.9
454.5
455.4
455.7
456.8
458.7
459.9
460.3
461.8
462.4
464.2
464.9
464.7
465.6
466.4
4*?. 8
468.1
468.5
467. 3
468.1
468.0
466.6
466.8
466.5
465.5
466.4
465.7
465.8
46 8.. 9
474.0
475.1
476.3
478.7
478.9
480.2
482.2
484.4
485.8
485.6
487.4
486.7
490.4
493.6
497.1
498.4
500.9
503.4
507.4
511.2

TOTAL
209.9
203.9
198.8
190.8
185.3
191.0
188.7
184.3
182.9
188.0
186.1
187.2
181.8
187.9
193.5
193.5
189.7
182.7
185.9
182.3
182.9
177.2
187.0
187.2
189.5
183.7
190.7
191.0
192.9
187.0
184.4
192.6
190.6
190.8
187.1
189.3
196.6
198.2
189.9
190.7
197.4
196.2
197.1
194.0
200.8
202.0
200.1
195.2
203.4
201.1
201.9
200.9
206.7

R EQ U IR E M E N TS

DBHAND D E P O S I T S
NET
IN T ER B AN K
19.1
16.0
15.3
14.5
13.5
15.3
14.8
12.7
14.5
17.4
14.6
15.7
14.3
15.6
16.8
16.7
16.3
16.6
17.2
16.0
16.8
14.4
18.1
15.9
16.8
15.5
18.7
17.2
17.3
15.2
14.5
16.4
14.9
14.1
14.5
14.4
16.6
15.5
15.1
15.4
16.6
15.0
17.3
16.9
18.1
18.7
17.8
16.8
19.0
18.2
17.6
17.9
18.5

OTHER
190.8
187.9
183.5
176.3
171.7
175.8
173.9
171.7
168.4
170.6
171.5
171.5
167.5
172.3
176.8
176.9
173.4
166. 1
168.8
166.3
166.2
162.8
168.9
171.3
172.7
168.1
172.0
173.8
175.5
171.8
169.8
176.2
175.7
176.8
172.7
174.9
180.1
182.7
174.8
175.3
180.7
181.2
179.8
177.1
182.7
183.2
182.2
178.4
184.4
182.9
184.3
183.0
188.1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
f
1
1
1
1
1
1
1
1
1
1
1
1
1

U .S.
GOVT
DBHAND
1.8
2.5
1.8
2.5
1.9
2.2
1.4
2.0
1.9
1.8
1.6
2.9
1.4
1.3
1.9
2.8
3.1
3.0
2.1
1.5
2.0
1.4
1.9
1.5
3.9
2.0
1.4
3.2
1.7
2.2
1-9
2.1
1.4
2.3
1.5
1.4
2.1
2.5
2.3
1.7
2.7
2.4
1.8
1.6
2.2
1.8
2.2
1.5
2.1
1.6
2.5
2.1
2.1




TABLE 4
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1
1

M IL L IO N S

I D EP O SITO R Y

1
1
1
1
1
1
JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
H AY
HAY
HAY
HAY
HA Y
JUN
JUN
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NO?
NOV
NOV
NOV
DEC
DEC
DEC
DEC

3-.. |

10. .

1 7 . . .|
2 4 . . .|
31... |
7...|
14...1

2 1...1

28...|
7...|
14...1
21 . . . |
28...|
4...|
11. . . |
18... |
25...1
2. • • |
9... |
1 6 . . .|
2 3 ...|
30...|
6. • • |
13...I
20. . . |
27...|
4...1
1 1 . . .|
18...|
25...|
1...|
8. • • |
15...|
22. . . !
29 ••• |
5...|
12 . . . |
1 9 . . .|
2 6 ----- 1
3. • • |
10. . . |
1 7 . . .|
24... |
3 1 ...|
7...|
1 4 . . .|
21 . . . 1
28...|
5...|
12 . . . !
19...|
26...|

TOTAL

B IL L IO N S

OF D O L L A R S

IN S T IT U T IO N S

NONBO RROW ED

RESERVES

|

HEHBER

MONETARY
BASE
R EQ U IR E D

BANK

D EP O SIT S

OF DOLLARS
SUBJECT
P R IV A T E

|

TOTAL

1 T I M E AND
|
S A V IN G S
TOTAL

43420.
41722.
44860.
42983.
42607.
41517.
40691.
40878.
39726.
40394.
39950.
40491.
39941.
40430.
39448.
41288.
40829.
41811.
40588.
40607.
39613.
39771.
39665.
39327.
40604.
40181.
41448.
39476.
41572.
41200.
41146.
40256.
40727.
40657.
41108.
40894.
40193.
40918.
41545.
42136.
41264.
42567.
41716.
43633.
42499.
42919.
43362.
43027.
43636.
43506.
43845.
43969.

42237.
41036.
43964.
42060.
41179.
40700.
39637.
39940.
38643.
39367.
39068.
39467.
38859.
39563.
38820.
40339.
39838.
40594.
39100.
38848.
37910.
37444.
38325.
38028.
39280.
38595.
39771.
38535.
40390.
39908.
40200.
39494.
39704.
39271.
39991.
39554.
38963.
39156.
40386.
41022.
40327.
41039.
38756.
40582.
40571.
41058.
41498.
41032.
41817.
42217.
42159.
42744.

42694.
41844.
44456.
*42967.
42267.
41238.
40580.
40521.
39637.
40190.
39849.
40345.
39858.
40042.
39292.
41130.
40716.
41661.
40514.
40350.
39596.
39588.
39305.
39249.
40472.
40030.
40802.
39513.
41205.
41214.
40856.
40115.
40428.
40643.
40738.
40489.
40095.
40721.
41519.
41769.
40723.
42583.
41552.
43274.
42090.
42622.
43257.
42861.
43388.
43140.
43693.
43603.

146.1
144.3
146.5
143.7
142.6
142.8
142.0
142.2
140.4
142.6
1.42.2
142.6
141.6
143.2
143.5
145.3
143.8
144.7
145.1
145.0
143.7
144.1
145.1
145.1
146.0
145.2
148.0
147.2
148.8
147.9
147.6
148.4
148.8
148.4
148.0
149.7
149.0
149.2
149.1
150.3
151.2
151.9
150.5
151.9
152.6
153.6
154.1
153.5
154.5
155.5
156.1
157.4

|
|
|
!
|
!
|
!
1
|
|
|

1

|
1
|
1
|
|
|
|
)
|
!
|
I

1
|
I
!
!
|

1

|
|
|
|
|
|
|
!
|
!
|
|
!
|
1
|
|
I
|

641.1
632.7
628.7
622.2
617.3
616.7
611.8
615.5
613.3
616.9
614.4
614.7
610,2
623.1
621.5
626.3
617.9
615.9
611.1
610.9
608.7
608.1
615.8
613.0
617.6
609.6
622.0
622.3
619.5
614.7
617.5
620.6
621.6
619.9
618.0
623.3
630.3
632.2
625.7
639.3
635.1
642.4
635.5
634.9
643.1
640.0
643.8
642.5
647.8
649.5
652.2
654.9

|
I
|
I
|
!
|
|
|
|
I
1
|
|
|
|
I
|
1
|
|
!
|
|
|
|
|
|
|
|
!
|
|
|
|
!
|
!
|
|
|
|
|
|
!
|
|
|
I
I
!
I

432.4
432.8
433.7
434.8
434.6
433.5
434.2
434.4
434.9
435.0
435.4
434.3
434.8
435.2
434.6
431.6
430.4
430.0
430.1
430.0
430.0
429.7
427.3
426.8
426.4
427.3
429.7
429.1
428.9
429.8
431.5
433.1
433.6
434.1
435.5
436.7
438.0
439.4
440.8
443.2
445.1
445.8
446.4
447.1
447.7
448.9
449.5
450.8
452.1
452.9
452.5
452.7

206.8
197.9
193.3
185.4
180.9
181.1
176.0
179.0
176.8
180.1
177.5
177.4
173.9
186.0
185.4
191.7
185.7
183.9
179.3
179.4
176.5
176.5
186.7
184.9
184.5
180.7
190.8
191.2
188.9
183.6
184.7
185.2
186.2
184.2
181.2
185.3
190.2
189.7
183.2
194.4
188.6
195.0
187.6
186.2
193.4
189.7
192.3
190.2
194.1
194.8
197.0
200.7

TO R E S E R V E

R E Q U IR E M E N T S

DEMAND D E P O S I T S
NET
IN T ER B A N K |
19.4
14.6

12.0

11.9
10.4

11.2
7.4

10.2
10.8
11.0
10.7

11.0

10.7
15.7
11.5
11.4
10.5

11.2
10.2
10.8
10.1
10.7
11.4
10.5
11.9
10.4
16.2
12.5

12.0
11.6

12.3
11.9
11.7
11.7
11.7

10.8
13.4
13.6

12.8

18.6
12.4
17.0
14.7
14.1
16.8
13.1
15.8
15.2
15.5
14.7
15.2
16.8

|
|
|
|
|
|

1

|
|
I
!
|
I
|
I
|

1

|
|
!
|
|
1
|
|
|
!
|
|
I
|
t
|
!
|
|
!
|
|
|
|
|
!
I
|
!
|
1
|
|
|
|

OTHER
187.4
183.3
181.3
173.5
170.4
169.9
168.6
168.8
166.0
169.2
166.8
166.4
163.2
170.3
173.9
180.4
175.2
172.7
169.0
168.6
166.4
165.9
175.2
174.3
172.6
170.4
174.6
178.7
176.9
172.0
172.4
173.3
174.5
172.4
169.6
174.5
176.8
176.1
170.4
175.8
176.1
178.0
172.9
172.1
176.6
176.6
176.4
174.9
178.5
180.2
181.8
183.9

|

I

O .S.
GOVT
DEHAND

|
!

2.0
2.0

f
|

2.0
1.8
2.2
1.6
2.0

1

1

|
|
|
|
|
I
I
|
I
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
I
|
|
|
|
|
f
!
|
|

1.7

1.5

1.8
1.6
2.9
1.4

1.8

1.4
2.9
1.7

2.0
1.7
1.5

2.2
1.8
1.8
1.4
6.7

1.6
1.8
2.0

1.7
1.4
1.4
2.3
1.9

1.6

1.3
1.3

2.1

3.1
1.7

1.8

1.3

1.6

1.5
1.5

2.0
1.4
1.9
1.5
1.7
1.7
2.7
1.5

1

TABLE 4
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1
1

B IL L IO N S

1D E P O S I T O R Y

1
1
1
1
1
1978




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
NAB
RAN
BAR
RAN
RAN
APR
APR
APR
APR
HAY
RAY
RAY
HAY
RAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOY
NO?
NO?
NOY
NOV
DEC
DEC
DEC
DEC

4... 1
1 1 . . .|
18...1
25...|
1. . . I
8. . . |
15...1

2 2 ...1
1. . . I
8. . . |
15...|
22. , . |
29...|
5...1
12 . . . |
19. . . \
26...|
3...I
10. . . |
1 7 ___ |
24...|
31... |
7... |
1 4...|
21 . . . |
2 8...|
5...1
12 . . . |
19...|
2 6 . . .f
2. . . |
9...|
16...1
2 3 . . .|
30,.. |
6. . . |
13...|
20. . . |
2 7 ...|
4...|
11... |
18...I
25...|
1b . . \
8. • • |
1 5...|
22. . .|
29...|
6. . . |
13... |
20. . . |
27... |

TOTAL

37902.
37240.
39834.
38091.
37450.
37304.
37098.
36672.
36132.
35664.
35981.
36267.
36450.
36630.
35904.
37740.
36963.
37923.
37183.
37395.
36465.
36928.
36313.
37155.
37742.
37503.
39043.
36810.
39488.
38004.
38058.
37159.
37872.
37307.
37804.
37600.
37236.
37462.
38441.
38869.
37997.
38756.
38068.
38408.
37927.
*37974.
41312.
41283.
41465.
41063.
41802.
41357.

OF DOLLARS

IN S T IT U T IO N S

NONBORRONED

37396.
36798.
39416.
37499.
36981.
36811.
36817.
36226.
35741.
35268.
35733.
35987.
36064.
36326.
35733.
37502.
36154.
36259.
35495.
36529.
35764.
35529.
35668.
36362.
36548.
35787.
37850.
35907.
37899.
36542.
36620.
36281.
36909.
35701.
36781.
36435.
36726.
36539.
36881.
37583.
36758.
37506.
36754.
37103.
37229.
37341.
40708.
40491.
40767.
40472.
41235.
39944.

1
1
1
.1
1
1
1
1
1
1
1
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
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1
1

B IL L IO N S

RESERVES|

R E Q U IR E D

37615.
36935.
39573.
37776.
37292.
36934.
36920.
36380.
36012.
35400.
35850.
36119.
36215.
36323.
35916.
37435.
37020.
37608.
37000.
37389.
36218.
36529.
36264.
37042.
37516.
37335.
38324.
37037.
39116.
38041.
37705.
37144.
37549.
37316.
37535.
37295.
37123.
37287.
38218.
38746.
37647.
38875.
37749.
38295.
37586.
37729.
41162.
41130.
41138.
40911.
41565.
41412.

1
1
1
1
1
j

1
1
1
1
1
1
1
1
1
1
1
1
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
1
1
1
1
1
1
1
1
1
1
1
1
1

HEHBER
BONETARY
BASE

BANK

D EP O SIT S

OF D O L L A R S
SUBJECT
P R IV A T E

TOTAL

| T I R E AND
|
SA V IN G S
TOTAL

13 l7 T
130.3
132.1
129.5
128.4
129.6
129.4
129.0
127.7
128.7
129.2
129.5
129.4
130.4
130.5
132.0
130.7
132-1
132.7
132.7
131.4
132.2
132.7
133.6
133.9
133.3
136.6
134.9
136.9
134.8
135.0
135.5
135.9
135.0
134.8
136.5
135.9
135.7
136.0
137.4
137.8
138.2
136.9
137.2
138.6
139.0
142.5
142.3
143.5
143.6
144.6
145.3

594.2
583.2
579.7
577.2
577.2
574.7
573.0
569.6
573.2
577.1
579.2
580.5
578.4
589.5
587.3
591.3
587.4
590.1
584.0
587.0
586.3
592.5
596.1
595.4
600.6
593.1
608.4
602.0
599.5
596.1
599.2
598.0
599.5
598.3
597.8
600.0
607.5
610.7
604.6
613.5
606.5
609.5
606.1
608.5
613.8
614.7
615.6
614.0
619.2
619.6
627.5
622.2

|

1
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
«
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
\
1
|
|
|
|
|
|

39075
390.0
389.8
390.4
391-0
392.1
392.7
393.8
395.0
397.4
398.9
399.9
400.8
402-0
400.9
400.6
401.0
402.2
404.0
405.6
407.4
409.2
409.0
409.0
407.1
408.7
410.9
410.5
410.8
411.4
411.8
412.0
412.1
412.9
414.4
415.3
416.5
416.3
417.1
418.0
417.7
411.1
419.1
421.1
423.2
424.5
426.5
426.6
427.4
429.2
429.6
430.1

19971
190.3
186.8
183.7
183.5
179.2
177.7
172.7
174.7
176.9
177.0
175.4
174.8
184.9
184.1
185.9
182.3
184.0
177*4
179.1
175.5
180.4
184.8
184.4
184.4
180.3
191.9
188.3
186.2
182.4
184.7
183.6
185.2
182.2
180.9
182.4
188.6
187.3
181.8
189.8
185.9
189.9
184.3
184.9
188.0
188.3
187.2
185.8
190.0
189.0
192.8
190.4

•

TO R E S E R V E
DEHAND

NET
IN T ER B A N K 1
17.3
13.3

12.0
12.8
12.3
13.5
11.5
11.5
13.0
12.5

11*8
12.0
11.6
15.9

12 .1
12.8
12.3

12.6
12.0
11.9

1 1.2
12.8
13.1

11.8

13.9

12 .1

16.6
13.6
12.7

12.1
12.8
12.3
12.7
12.3

12.2

9.3
12.3
12.3
11.4
15.4

10.0

11.4
12.7

11.6
14.0
12.7
13.5

12.2
12.7
11. 1
13.5

11.0

R E Q U IR E R B N T S

D EP O SIT S

|
|
1
|
\
1
|
|
|
I
I
I
|
I
|
|
|
1
|
|
I
|
1
|
|
|
I
I
1
|
I
|
1
I
|
1

1

|
I
1
I
|
|
|
|
|
|
|
|
|
|
|

OTHER
181.9
177.0
174.9
170.9
171.1
165.7
166.2
161.3
161.7
164.4
165.2
163.3
163.2
169-0
172.0
173.0
170.0
171.4
165.4
167.2
164.4
167.6
171.7
172.6
170.5
168.2
175.3
174.6
173.5
170.3
17t.9
171.2
172.5
169-9
168.6
173.1
176.3
175.0
170.3
174.4
175.9
178.5
171.6
173.3
174.0
175.6
173.7
173.6
177.3
177.9
179.4
179.4

1

|
|
|
|
|
|

1

U .S.
GOVT
DBRAND

5752.9
3.0
3.0
2.7
3.3
2.5
3.1
3.6
2.9
3.3
5.2
2.7

|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

2.6

|
|
|
|
|
|

1.9
1.9
1.7
1.7
1.4
5.1
1.7

1

2.6

2.4
4.8
4.1
3.9

2.6

2.3
3.4

2.8
2.4

2.1
9.1
4.1
5.6
3.2
2.5
2.4
2.7
2.5

2.1

3.1

2.6
2.2
2.4
7.0
5.7
5.7
2.9

2.6
2.6

2.4

TABLE 9
AGGREGATE RESERVES AND RENDER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
B IL L IO N S

OP D O L L A R S

B IL L IO N S

!

1

D EPO SITO R Y

IN S T IT U T IO N S

1
TOTAL

1977




JAN
JAN
JAN
JAN
PEB
FEB
PEB
PEB
HAR
BAR
RAR
HAR
RAR
APR
APR
APR
APR
HA Y
HAY
HA Y
HA Y
JUN
JUN
JUN
JON
JON
JOL
JUL
JUL
JUL
AOG
AUG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

5 ... |
12 . . . !
19...|
26...|
2. • • |
9... |
16...|
2 3 . . .|
2. . . I
9...I
16...|
2 3 ...|
3 0 ...|
6. . . |
1 3 ...|
20. . . |
27...!
6. . . |

11..,.1

1 8 . . .|
2 5 ...|
1. . . I
8. . . I
15...|
22. . . |
29...!

6 -..1

13...|
20. . . !
27...|
3...|
10 ----- 1
1 7*..!
2* . . . !
3 1 . . .|
7...|
1 9...|
21 . . . !
28...|
5...!
12 . . .|
19...|
2 6...!
2. . . |
9 ...I
1 6 . . .|
23...!
3 0 ...|
7...!
19...1
21 . . . |
28...!

35979.
35799.
36830.
36193.
35275.
39595.
39553.
39157.
39083.
33607.
39029.
33921.
39758.
39269.
33988.
35162.
35290.
35831.
39678.
39996.
33933.
39918.
33739.
39109.
39696.
35069.
35619.
39635.
35519.
35195.
35919.
39890.
35901.
39800.
35395.
39797.
35060.
39929.
35619.
36218.
39798.
36369.
35502.
35981.
35551.
36221.
35856.
35938.
35686.
36275.
36570.
36807.

RESERVES!

1

1

|
NON| BO RROW ED

|
| R EQ U IR ED

1

1

I
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
1
!

1
1

!

1
1
!

1
1
1

!

1
1
1
!

1
1

!

1
1

35993.
35779.
36721.
36109.
35189.
39520.
39929.
39121.
39053.
33587.
39005.
33583.
39700.
39199.
33950.
35133.
35191.
35616.
39522.
39819.
33622.
39188.
33508.
33881.
39925.
39730.
35359.
39975.
35113.
39900.
35321.
39305.
39603.
33135.
33952.
39161.
39723.
39186.
39896.
35335.
33797.
39508.
39058.
39868.
39669.
35687.
39975.
39865.
35103.
35766.
36093.
36121.

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
1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
)

1
1
1
1
1
1
1
!

359611'
35395.
36991.
35769.
35195.
39339.
39389.
33928.
33933.
33339.
33861.
33899.
39909.
39008.
33719.
35128.
35076.
35529.
39632.
39728.
33798.
39009.
33701.
33858.
39623.
39919.
35125.
39371.
35307.
35121.
35995.
39787.
35199.
39772.
39979.
39566.
39739.
39927.
35382.
35817.
39629.
36285.
35300.
35716.
35396.
35809.
35867.
35500.
35671.
35962.
36925.
36562.

1

1

RONETARY
BASE

1
1

1
1
1
1
1
1
I

1
1
1

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
1
1
1
!

1
1
1
1
1
!

1

!

1
1
1
!

1
1
120.7
120.3

120.6

119.2
118.0
118.6
118.3
117.8
117.9
118.9
118.8
118.5
119.0

120.2

120.3
120.9
120.3
121.5
121.5
121.5

120.1
121.1
121.3

121.6
122.0
122.0
129.8
123.7
129.2
123.9
129.5
129.6
129.7
123.6
123.5
129.8
129.6
129.1
129.1
125.7
125.9
126.6
125.2
125.8
127.2
128.0
127.6
127.6
128.5
129.9
130. 1
130.9

BERBER

I

1
1
!

1
1
I
I

1
1
1
1
1
1
1

!
I

1
1
1
1
1
1
1
1
!

1
1
!

1
1
I

1
1
1
1
1
1
1
1
1
1
!

1
1
1
1
1
!
!

1
1

TOTAL

BANK

1
1

T I R E AND
|
S A V IN G S

1
599.3
591.6
537.0
531.7
531.3
529.6
529.9
526.0
529.3
531.0
536.0
533.9
532.7
593.3
592.7
599.5
538.0
538.5
539.3
536.5
535.0
536.5
592.7
595.0
596.5
591.6
598.6
598.9
550.5
596.3
599.3
597.9
598.8
596.2
597.6
599.5
552.8
555.9
598.8
561.0
556.2
558.7
557.0
559.8
561.3
560.0
562.3
569.3
568.9
570.9
578.7
575.7

D EP O SIT S

I
I
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
!
!

1
1
1
1
I

1
1
1
1
1
1
1
1
1
!

1
1
1
1
1
1

!

1
1
1
1
!

1
1

“ 357.9
357.1
356.9
357.3
356.9
358.2
358.7
358.6
358.7
360.1
361.9
362.2
363.6
369.9
363.0
361.3
361.2
361.5
363.9
369.9
365.9
366.8
367.5
367.6
367.6
368.5
369.0
369.0
369.0
370.0
37C.6
371.9
371.7
371.9
372.5
372.6
372.3
372.1
379.2
376.9
377.2
377.2
378.3
378.2
379.0
379.9
382.1
382.7
383.8
385.9
386.3
388.3

|
1
|
!
!
I

1
1
1
1
!

1
1
1
1
1
1
1
!

1
1
1
1
1
1
1
t

1
1
1

!

1
1
1

I

1
1
1
1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1

OP D O L L A R S
SUBJECT
P R IV A T E

TOTAL
189.0
181.7
177.6
171.2
171.9
168.5
168.5
163.7
167.7
168-9
170.9
167.9
166.6
176.5
177.6
176.6
172-7
171.8
168.6
169.9
167.0
167.6
172.9
173.7
173.1
170.0
177.3
177.0
178.6
173.5
T 75.8
173.9
179.9
171.1
172.8
179.6
178.9
176.9
170.9
180.6
176.7
178.7
176.0
179.3
179-9
177.8
177.1
178.9
182.5
183.5
185.8
183.9

T O 'R E S E R V E

DEHAND D E P O S I T S

|
NET
|
| IN T ER B A N K !

1
1
1
1
1
1
1
1
1
1
1
1
1
1
!
I

1
1
1
1
1
1
1
1
1
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

R E Q U IR E H E N T S

1678
17.7
13.1
13.5
13.9
11.9

11.1

10.3

11.8
11.2
10.8
10.7

11.6
13.6
11.9
11.9

11.1
11.8
11.1
11.3
10.9

11.1
12 . 2
12.1
11.9
10.9
12.5

12.6

12.9
13.0
12.9

12.2

12.7
11.9
11.7
11.9
12.9

12.6
10.8
19.7
11.5
12.5

11.6
12.3
13.9
9.9
11.9
11.9
12.3
11.9
12.7
11.3

1
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
1
1
1
1
1
1
1
!

1
1
1
\
!
I

1
1
1
I

1
1

1

1
1
OTHER
172.2
163.9
169.5
157.7
158.5
157.1
157.9
153.5
155.9
157.2
159.6
157.2
155.0
162.9
165.7
165.2
161.6
160.0
157.5
158.1
156.2
156.5
160.2
161.7
161.7
159.6
169.8
169.5
165.7
160.5
162.9
161.7
162.2
159.3
161.1
162.7
166.0
169.9
159.6
165.9
165.1
166.2
169.5
167.0
166.0
167.8
165.2
167.0
170.3
171.6
173.1
172.1

1

|
|
|

1

|
|
!
|
!
|
!
|

1

|
|
|
!
|
|
|
|
!
|
|
|
|
|
|
|
|
|
!
|
|
!
|
|
|
|
|
!
|
|
|
|
|
|
|
|
|
|
I

0 .?.
GOVT
DEHAND
2.9
2.9
3.0
3.3
2.5
2.9
2.7
3.7
3.0
2.5
9.2
3.8

2.6
2.5

2.1
6.6
9.1
5.2
2.3

2.2
2.1
2.1
2.7
3.6
5.8
3.2
2.9
2.3
2.9
2.7
2.9

2.1
2.3
3.1

2.2

2.3

2.1

6.9
9.1
9.0
2.3
2.7

2.6
2.3
2.9

2.2
3.0

2.8
2.1
1.9
6.5
3.9




TABLE U
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

8i L L I O N S OP D O L L A R S
\
\
\D E P O SIT O R Y IN S T IT U T IO N S R E S E R V E S

B IL L IO N S
MEMBER

BANK

D E P O SIT S

OF D OLLARS
SUBJECT

TO R E S E R V E R E Q U I R E M E N T S

1

\
*

JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
MAT
NA T
HAT
HAT
JUN
JUN
JUN
JUN
JUN
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NO?
NOV
D EC
DEC
DEC
DEC
DEC

1

TOTAL

7...1
14... |
21 . .
28... |
4 ...|
11. . . |
18...|
2 5 ...|
3 ...|
10. . . |
17... |
24... |
31... |
7.. . |
14... |
21 . . . |
28...|
5 ... |
12 . . . |
1 9 -----|
26...1
2. . . |
9. •. 1
16... |
23...|
30.••|
7... |
14. .. |
21 . . . |
28... \
4 ... \
11. . . |
18. . . \
25...|
1... |
8. . . \
15...f
22. . . |
29..-1
6. . . |
13...|
20. . . I
27...|
3 ___ |

35531.
35813.
36220.
35072.
35069.
33769.
34540.
33656..
34088.
33379.
33710.
33562.
34236.
33587.
33762.
34447.
34384.
35296.
33720.
34136.
33597.
33825.
33127.
33971.
33582.
34789.
34521.
33919.
34420.
34219.
34691.
33562.
34408.
33818.
34052.
33564.
33835.
33496.
34577.
34433.
33800.
34686.
34184.
34778.
34027.
35252.
34392.
35113.
34313.
35456.
35154.
35 R34 .

1 0 ...1

17...|
24.. . 1
1. . . |
8... |
15... |
22. . . |
29...f

NO N t
I BORRO WE D

MONETARY
BASE

P R IV A T E
TOTAL

R E Q U IR E D

| T I M E A ND
|
S A V IN G S

1

1
1
\
\

1
1
1
1
1
1
1
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
1
1
!

1
1
1
I

1
1
1
1
1
1
1

TOTAL
35464.
35768.
36067.
35014.
35014.
33718.
34484.
33508.
34004.
33331.
33670.
33484.
34200.
33563.
33701.
34408.
34326.
35266.
33665.
34014.
33461.
33583.
33034.
33922.
33417.
34623.
34395.
33743.
34361.
34060.
34534.
33440.
34323.
33750.
33959.
33519.
33774.
33452.
34490.
34332.
33753.
34638.
34064.
34576.
33977.
35198.
34348.
35026.
34287.
35387.
35117.
35752.

35232.
35627.
35986.
34907.
34652.
33719.
34040.
33773.
33678.
33276.
33509.
33451.
33838.
33464.
33589.
34317.
34272.
34855.
33753.
33891.
33519.
33372.
33197.
33400.
33762.
34324.
33959.
33890.
34192.
34187.
34255.
33598.
34071.
33700.
33762.
33291.
33576.
33454.
34378.
34099.
33588.
34587.
34073.
34317.
34005.
34818.
34272.
34729.
34188.
34989.
35083.
35486.

112.9
112.7
112.5
110.7

111.0
110.7
111.4
109.8
110.7
111.3
111.5

111.1

111.5

112.2
112.9
113.6
112.7
114.5
113.7
113.8
112.9
113.9
114.1
114.7
113.9
114.8
116.3
115.7
115.8
114.9
115.9
115.8
116. J
115.0
114.9
116.0
115.8
115.1
115.6
116.8
116.6
116.9
115.9
117.1
117.7
118.9
118.2
118.9
119.2
120.5
120.5

121.1

519.1
512.8
510.5
504.7
506.5
505.7
504.8
502.1
503.7
504.4
507.6
505.7
507.5
513.0
513.0
515.2
507.8
508.3
506.9
506.0
505.1
507.1
510.8
514.7
512.1
512.3
514.7
515.5
515.6
511.0
513.6
511.7
512.1
508.9
511.0
511.1
517.4
515.8
513.4
520.9
518.5
519.5
517.7
522.4
520.2
523.0
520.4
526.1
528.6
532.7
537.1
537.3

|
1
|
|
|
|
|
1
|
I
|
I
|
|
|
|
|
|
f
|
|
|
|
1
I
|
|

1

|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

338.1
338.3
337.4
338.0
337.6
337.8
337 3
337.4
337.2
338.2
339.4
340.2
341.9
342.1
341.1
339.0
339.1
338.8
339.3
339.6
340.4
341.3
342.1
342.3
342.1
343.8
343.8
34J.9
343.8
343.6
342.7
342.6
342.5
342.7
343.1
343.4
343.4
344.0
345.5
346.5
347.0
346.4
346.7
346.0
346.9
346.8
348.5
349.5
351.4
353.0
354.0
355 5

178.3
172.0
169.8
163.8
165.7
164.6
164.1
160.9
163.7
163.9
164.9
161.9
163.2
168.5
169.8
171.9
165.9
166.2
165.0
163.6
161.9
163.6
166.1
168.3
165.4
165.2
168.3
169.4
168.9
165.0
168.0
166.5
166.9
163.1
165.9
164.4
170.9
167.3
164.0
171.1
169.0
170.3
168.2
173.0
170.6
173.3
168.6
173.8
174.6
176.5
178.0
179.1

DEMAND

D EP O SITS

NET
IN T E R B A N K
1470

11.8
12.8
11.6
12.0
11.9
13.0

12.0
12.2
13.5

11.8

11.3

10.8
12.6
11.4
11.7
10.9
12.5

11.6
12.0
11.5
10.3
11.7
11.9
11.3

11.8
12.2
12.5
12.4
11.5
12.9

11.8

11.7

10.6

11.9

12.0

13.6
12.3

12.0

13.7

12.2

12.7

12.0

13.4
12.5
13.6
13.6
13.7
13.5
13.2
13.4
12.7

OTHER
164.3
160.2
157.0
152.3
153.7
152.7
151.0
149.0
151.5
150.4
153.1
150.6
152.3
155.9
158.4
160.2
155.0
153.8
153.4
151.6
150.4
153.3
154.4
156.4
154.1
153.4
156.1
156.9
156.6
153.4
155.0
154.7
155.2
152.5
154.0
152.4
157.3
155.0
152.0
157.4
156.9
157.5
156.2
159.7
158.1
159.7
155.1
160.1
161.1
163.3
164.6
166.4

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
t

1
1
1
1
1
1
1
1
1
1
1
1
1
1

U .S.
GOVT
DEMAND
2.7

2.6
3.3
2.9
3.3
3.3
3.4
3.8

2.8

2.3
3.3
3.6
2.4
2.4

2.1
4.4
2.9
3.2

2.6
2.8
2.8
2.2
2.5
4.1
4.7
3.3

2.6
2.2
2.9
2.4

2.8
2.6
2.7
3.1

2.0
3.3
3.1
4.5
3.9
3.2
2.4

2.8
2.8
3.4
2.7

2.8

3.2

2.8
2.7
3.2
5.1

2.6

TABLE U
AGGREGATE RESERVES AND HEBBEP BANK DEPOSITS
NOT SEASONALLY ADJUSTED
I

B IL L IO N S

1
1D EPO SITO R Y
1
1
1
1 TOTAL
1
1975




JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
HA R
BAR
HAR
BAR
APR
APR
1PR
APR
APR
HAY
HAY
HAY
HAY
JUN
JUN
JUN
JUN
JUL
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
O CT
OCT
OCT
OC T
OCT
NOV
NOV
NOV
NOV
DEC
DEC
D EC
DEC
r

1. . . I
8. . . |
15.,.|

22. . .1

29...|
5.. . |
12 . . . |
19...|
26... |
5 ... I

1 2 . .. 1

1 9 . . .|
26... |

2 ...1

9...|
1 6 . . .|
2 3 ...|
30... |
7 ... |
1 4 . . .|
21 . . .|
2 8 ...|
4 ... |
11... |
18...|
2 5 . . .|
2. . . f
9... |
16. . . \
23...|
30...1
6. . . |
1 3 . . .|

20 ...1

27...|
3...|
10. . . |
1 7 -----|
24...1

1...1
8. , . . |

15...|
22. . . |
29...|
5...1
12 ___ |
19...|
26... |
3...I
10. . . |
17...|
•»

*

37590.
37312.
38207.
38265.
37240.
36975.
36030.
35118.
34606.
34795.
34482.
34510.
34819.
35087.
34670.
35295.
35249.
35495.
35237.
34517.
34702.
34209.
34511.
33707.
34937.
34706.
35481.
34612.
34864.
34898.
34999.
34553.
34163.
34629.
34470.
34529.
34098.
34552.
34617.
35444.
34260.
34722.
34605.
34729.
35004.
33790.
34751.
34719.
34859.
34429.
35142.
34836.
35611.

OF DOLLARS

IN S T IT U T IO N S

B IL L IO N S
HEHBER

RESERVES

R EQ U IR E D

37029.
37001.
37598.
37671.
3>098.
36877.
35940.
34889.
34426.
34725.
34422.
34343.
34664.
35036.
34640.
35273.
35084.
35254.
35203.
34500.
34581.
34125.
34427.
33669.
34860.
34518.
34610.
34390.
34662.
34516.
34746.
34373.
33984.
34425.
34198.
34307.
33713.
34225.
34222.
34863.
34021.
34549.
34372.
34634.
34937.
33751.
34693.
34645.
34792.
34399.
35097.
34617.
35358.

37013.
37175.
38249.
38079.
37066.
36580.
35971.
34960.
34447.
34386.
34252.
34490.
34675.
34808.
34552.
35076.
35179.
35306.
34926.
34518.
34631.
34045.
34177.
33743.
34603.
34615.
35085.
34479.
34791.
34695.
34718.
34354.
34147.
34418.
34174.
34228.
34104.
34285.
34584.
34982.
34284.
34409.
34576.
34443.
34140.
33778.
34566.
34507.
34530.
34263.
34895.
34625.
35197.

TOTAL

108.6
108.4
108.8
108.3
106.5
106.7
106.4
105.5
104.3
105.2
105.8
105.6
105.7
106.2
106.7
107.1
106.6
106.3
107.2
106.9
107.0
106.6
107.3
107.5
108.6
108.1
109.2
109.8
109.6
109.1
108.6
109.1
109.1
109.3
108.5
109.0
109.2
109.1
108.7
109.2
109.4

110.0
109.5
109.1
110. 3
110.3

111.2
111.1
111.8
112.2
112.8
113.1
113.3

D EP O SITS
1

HONETARY
BASE

NONBORRONED

BANK

.

501.3
501-4
496.5
493.2
489.2
489.1
486.9
486.6
486.0
487.8
490.8
492.5
491.4
495.8
496.7
497.6
494.8
491.7
492.8
491.1
492.3
490.1
495.7
497.1
500.1
496.0
498.2
498.1
498.6
496.0
494.4
496.1
495.3
495.0
493.9
496.0
499.0
501.4
497.6
499.0
500.8
500.9
500.8
498.6
503.0
503.7
503.9
502.7
507.1
506.6
510.4
510.8
51C- 1

OF

SUBJECT
P R IV A T E

| T I R E AND
|
S A V IN G S

|

1

|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
\
|
|
|
|

1

325.4
326.8
327.5
327.2
327.5

326.2

327.0
326.3
326.6
326.5
328.1
329.1
329.7
330.7
329.7
329.2
328.5
328.6
328.2
329.7
330.2
330.7
330.2
330.7
330.2
329.7
330.4
329.9
330.1
330.4
330.5
330.2
330.9
330.3
330.0
331.2
331.7
331.4
332.4
334.1
334.5
335.2
334.5
334.7
333.4
333.9
33f.2
315.1
335.5
336.8
336.7
337.6
*38.3

DOLLARS
TO R E S E R V E

R B Q U IR EH B N T S

DEHAND D E P O S I T S

|

1
|

TOTAL

|
|
|
I
|
|
I
|
1
1
|
|
|
I
|
|
|
I
|
I
|
|
I
|
I
|
J
|
|
I
|
|
f
|
|
I
|
|
1
|
|
|
|
|
|
|
|
\
1
|
\
|
|

17175*
171.5
166.8
163.3
158.4
159.8
157.7
158.0
156.9
159.3
160.6
160.0
158.6
162.0
164.6
165.7
162.6
159.1
159.2
158.8
159.4
157.3
163.4
164.1
165.5
162.8
165.7
164.9
165.9
163.2
161.9
163.7
162.7
162.9
161.7
162.8
164.9
166.7
161.7
162.3
163.3
163.4
163.6
161.9
167.1
167.3
167.1
165.1
169.0
167.6
169.8
169.5
175.2

NET
| IN T E R B A N K

1
1
t

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
1
1
1
1
1
I

1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
!

1
1

14.4
13.9
12.5

11.6

11.3

12.1
11.8
12.4

12.2
12.1
12.6
12.2
11.9

11.6
12.8
11.9

11.1

11.4
11.5

11.1

11.5
9.9
12.3
11.7
11.3
10.9
12.3

11.6

11.4

11.2
11.3
11.5
11.7
11.4

11.1

11.5

12.0
11.5
11.4

11.6
12.7

11.1
11.5

11.6
12.3
12.5

11.8

11.5
14.3
12 . 1

12.1
11.1

11.9

OTHER
157.5
157.7
154.2
151.7
147.1
147.7
145.9
145.6
144.7
147.2
148.0
147.8
146.6
150.4
151.8
153.8
151.5
147.8
147.7
147.7
147.9
147.4
151.0
152.4
154.3
151.9
153.4
153.3
154.6
152.0
150.6
152.2
151.0
151.4
150.6
151.3
153.0
155.2
150.3
150.7
150.5
152.3
182.0
150.3
154.8
154.8
155.4
153.5
154.7
155.6
157.7
157.7
163.2

|
~ “l
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
I
1
|
|
|
|
V
|
|
|
|
|
|
|
|
|
|
|

U .S.
GO V T
DEHAND
4.0
3.1

2.2
2.8

3.3
3.1

2.2
2.3

2.6
2.0
2.1
3.4
3.2
3.1
2.4
2.7
3.7
4.0
5.4

2.6
2.7

2.0
2.2
2.3
4.4
3.5

2.2
3.3

2.6
2.4
1.9
2.3

1.6

1.9

2.2
2.0
2.4
3.3
3.5

2.6
3.0
2.3
2.7

2.0
2.5
2.5

2.6

2.5

2.6
2.2
3.8
3.8
2.7

T ABLE *1

AGGREGATE RESERVES AND HEHBEP BANK DEPOSITS
NOT SEASONALLY ADJUSTED
B I L L I O N S OF D O L L A R S
I
I
|D EPO SITO RY IN S T IT U T IO N S R E S E R V E S
I
I
NON1
R E Q U IR E D
TOTAL
BORROWED
\

B IL L IO N S
!

HERBBE

NONETARY
BASE

BARR




JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
NAB
NAN
HAN
HAN
APR
APR
APR
APR
HA Y
HAY
RAY
HA Y
HA Y
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AUG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

2. . . I

9...|
16...I
23...|
30...|
6. . . |
13...|
20. . . |
27... |
6. . . |
13...|
20. . . |
27...!
3... |
10. . . |
17...|
26... 1
1. . . I
8. . . f
15...|
22. . . |
29...|
5... |
12 . . . |
19... |
26...|
3...|
10. . . |
17... |
28. . . |
3 1 . . .|
7...|
18... |

2 1...1

28...I

8 ...1
11...1

18... |
2 5 ___ |
2. . . !
9... |
16...|
23...1
30...|
6... |
13...|
20. . . |
2 7 . . .|
8. . . |

11...1

1 8 . ..|
25...|

SUBJECT
P R IV A T E

|

TOTAL

| T I R E AND
|
S A V IN G S

1

1974

D EP O SIT S

OF D O L L A R S
TO R E S E R V E

38886.
35620.*
36718.
35828.
38919.
38877.
38195.
38012.
33600.
33721.
33765.
33726.
33061.
33980.
33808.
38880.
38116.
38688.
38720.
38669.
33526.
32783.
33225.
33060.
33885.
33788.
33839.
38228.
38689.
33778.
33518.
33831.
33895.
33719.
33533.
33333.
33653.
38165.
33815.
38315.
38356.
35671.
35138.
35181.
36870.
35382.
35885.
35290.
35891.
35685.
35988.
16183.

35268.
36210.
37378.
36693.
35880.
35351.
35058.
35278.
38685.
38515.
38632.
35Y29.
38605.
35217.
3 89 8 0 .
35927.
35916.
36668.
36281.
36870.
36887.
36170.
36058.
35658.
36861.
36837.
36905.
36590.
37880.
37302.
37020.
36692.
36823.
36967.
36920.
36918.
36628.
37006.
36872.
37077.
36656.
37088.
36615.
36576.
36672.
36335.
36785.
36859.
36678.
36852.
36585.
36816.

100.2
101.0
101.8
100.2
99.1
99.2
99.5
99.5
98.6
99.1
99.7

100.0
99.3
100.3

101.1
102.3
101.5

102.0

102.7
103.1
102.9

102.6
103.0
103.1
103.8
103.2
106.7
105.2
105.7
106.8
106.2
106.9
105.2
105.2
106.6
105.6
105.8
105.3
108.7
105.3
105.7
106.5
105.2
105.2
106.5
106.7
106.9
106.8
107.7
107.8
108.3
108.8

|
I
|
I
|
|
|
|
!
|
|
|
|
|

1

|

1

|

1

|
|
I
|
!
|
I
|
!
I
|
I
|
|
I
I
I
1
|
|
|
|
I
|
|
1
\
|
|
|
I
|
I

860.3
856.9
652.7
650.3
668.5
669.7
666.5
665.6
666.5
669.9
667.8
651.1
650.5
658.0
659.8

666.8
662.6

666.6
665.5
666.5
666.3
663.0
667.9

668.2

870.9
669.3
677.2
676.8
673.9
672.5
673.7
676.8
875.7
675.7
676.6
676.7
879.6
680.7
678.8
682.6
680.5
680.5
680.5
678.2
681.9
680.8
881.6
680.6
685.1
686.3
691.1
893.5

|
!
|
|
|
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|

1

I
I
|

1

»
|

280.9
281.6
282.6
286.0
285.0
286.9
285.6
285.7
286.3
286.7
288.0
288.1
289.7
292.1
296.7
295.8
297.5
299.0
300.6
307.1
303.6
305.7
305.9
306.6
306.1
306.6
307.5
307.8
309.3
311.5
313.0
313.6
316.9
315.5
316.5
317.1
317.2
313.6
317.2
318.6
318.7
318.6
319.0
318.3
317.7
317.8
316.9
317.2
317.0
319.5
321.5
323.8

1
1
1
1

DBHAND D E P O S IT S
NET
I

TOTAL
35656.
36296.
37702.
36610.
36139.
35875.
35388.
35388.
38851.
38633.
38788.
35209.
38778.
35883.
35002.
36256.
36055.
36885.
36336.
36686.
36616.
36389.
36279.
35789.
36708.
36536.
37278.
36868.
37828.
37817.
37208.
36920.
36936.
37156.
37066.
37239.
36737.
37086.
36986.
37533.
36601.
37815.
36856.
36819.
36995.
36879.
36812.
36769.
36961.
36293.
36762.
3f.HU*.

R E Q O IR E H E N T S

171.1
168.5
165.3
160.6
156.2
157.7
156.3
155.9
155.1
158.1
156.7
157.3
155.5
160.6
161.6
165.3
160.3
157.9
155.9
156.2
155.6
153.1
158.8
159.0
159.5
156.8
162.9
161.6
161.6
157.5
157.5
158.3
158.2
157.1
156.9
157.2
159.6
160.0
156.2
158.8
158.6
159.6
159.1
157.7
161.8
160.9
162.2
160.6
165.6
166.6
166.0
165.2

12.6
12.1
11.1
10.3
10.3

10.6

10.5
9.9

10.1
10.8
10.3

11.0

10.3

11.8
11.6

10.9
10.9

11.6
11.2
11.3

10.6
10.6
11.5

11.8
11.7

10.6
15.1
13.5
11.7

11.0
10.8

11.5

11.0
10.5

10.0

10.9
11.5

11.0
10.6
11.2
1 1.2
11.6
12.0
10.3
11.7

11.1
11.6
11.6
13.6
12.5
12 . 1

12.0

|
|
|
I
|
|
|
|
|
|
|
|

1

|
I
|
|
!
|
|
|
I
|
|
I
|
|

1

|
!
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
I

OTHER
15875
156.5
156.2
150.1
165.9
167.1
165.8
166.0
165.0
167.3
166.6
166.3
165.2
168.6
150.0
156.6
169.6
166.3
166.7
165.0
165.0
162.7
167.3
167.2
167.8
166.2
167.8
168.1
169.6
166.6
166.7
166.8
167.2
166.6
166.9
166.3
167.9
168.9
165.8
167.7
167.2
168.0
167.1
167.3
150.1
169.9
150.7
168.9
151.9
152.2
153.9
153.2

T
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
l
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

o.s.
GOVT
DEHAND
573~
6.9
5.0
5.9
7.3
7.1
6.7
3.8
5.1
5.0
3.1
5.8
5.3
5.6
3.5
3.7

6.8

7.7
9.1

6.2
5.2

6.1
3.2
2.7
5.2

6.1
6.9
5.5
3.2
3.5
3.2
3.1

2.6
3.0
3.0
2.3

2.8
6.3
5.5
5.6
3.6

2.2
2.5
2.3

2.6
2.1
2.6
2.9
2.7

2.2
3.6

6.6

TABLE U
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1

B IL L IO N S

ID ! IP O S IT O R Y

1
1
1
1
1
1
1973




JAN
JAN
JAN
JAN
JAN
PEN
PEB
PEB
PEB
NAB
NAB
N AB
NAB
APB
APB
APB
APB
HAY
NAY
N AY
N AY
N AY
JON
JON
JON
JON
JOL
JOi
JOL
JOL
AUG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NO?
NO?
NO?
NO?
DEC
DEC
DEC
DEC

3...|

10. . .|
1 7 ___ |
24...
31... |
7... |
14...|

2 1...1
28...|
7...1
14...|
21 . . . |
28... |
4...|
11. . . |
1B . . . I
25...|
2. . . I
9...1
1 6 . . .|
2 3 . . .1
3 0...|
6. . . I
13...|
20. . . |
2 7 . . .|
4... |
11. . . |
18.•• |
25... 1
1. . . |

8 . . .1

15...|

22. . . |

2 9 . . .|
5...I
12 . . . |
1 9 . . .|
26...|
3... |
10 . . . |
1 7 ...|
2 4 . . .|
31...|
7...|
1 4 . . .|
21 . . .|
28... |
5...1

1 2 ...1

1 9 . . .|
26... |

TOTAL

32597.
32483.
34005.
32509.
32553.
31804.
31809.
32038.
31284.
32059.
31558.
31972.
31664.
32614.
31757.
32627.
32402.
32502.
32246.
32942.
32270.
32205.
32163.
31597.
32276.
32220.
33327.
32519.
33721.
33813.
34051.
33456.
33829.
33601.
33797.
34126.
33549.
33858.
34143.
34673.
34794.
35019.
35118.
34951.
34626.
34871.
35095.
34438.
34906.
34444.
35203.
35430.

B IL L IO N S

OP D O L L A R S

IN ST IT U T IO N S

NONBORROWED

BERBER

RESERVES
HONETARY
BASE

TOTAL

R EQ U IR E D

I
I
I

BANK

32019.
32338.
33676.
32542.
32098.
31686.
31622.
31533.
31305.
31723.
31533.
31724.
31576.
32078.
31848.
32390*
32064.
32271.
32327.
32602.
32176.
32060.
31819.
31595.
32132.
32000.
32695.
32524.
33264.
33800.
33552.
33381.
33515.
33562.
33674.
33636.
33405.
33709.
34059.
34216.
34374.
35099.
34711.
34777.
34369.
34725.
34726.
34372.
34468.
34472.
34892.
34958.

92.2
92. 1
93.0
90.9
90.5
90.4
90.7
90.9
89.6
91.2
91.0
91.4
90.7
92.2
92.2
93.0
92.5
92.4
93.2
93.7
92.9
92.9
93.5
93.3
93.8
93.3
95.2
95.0
96.0
95.6
95.6
95.9
96.2
95.7
95.4
96.4
96.1
96.1
95.9
96.6
97.8
97.7
97.6
97.0
97.7
98.4
98.9
98.0
98.9
99.2
100. 1
100.9

419.4
412.6
410.2
407.6
407.4
407.4
407.4
410.6
410.6
413.5
414.3
418.0
417.6
421.7
420.6
422.5
422.6
424.5
423.0
423.3
422.4
421.5
424.7
474.2
427.6
426.8
431.6
4 30.1
429.3
429.0
430.8
432.2
434.1
434.5
433.1
435.2
437.7
438.7
436.9
441.5
439.4
440.4
437.8
439.7
439.6
437.6
437.5
437.7
440. 3
441.5
446.0
452.1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

DOLLARS

SUBJECT

1
1
1
1 TOTAL
- 11 ~1687<r
1 163.6
1 161.8
1 156.9
1 153.9
1 154.2
1 151.8
1 152.5
1 151.1
1 152.4
1 151.9
1 151.9
1 149.8
1 154.1
1 155.4
1 156.8
1 154.2
1 153.4
1 151.3
1 152.3
1 150.6
1 149.7
1 154.6
1 155.0
1 155.6
1 153.5
1 157.0
1 158.5
1 157.5
1 154.3
1 154.1
1 154.3
1 155.2
1 153.7
1 152.1
1 153.7
1 156.1
1 156.2
1 152.2
1 156.0
1 155.6
1 157.7
1 154.3
1 156.2
1 158.1
1 158.2
1 158.5
1 158. 1
1 160.3
1 161.7
1 163.3
1 165.9

P R IV A T E

T I R E AND
S A V IN G S

1
30846.
31792.
32712.
31415.
31243.
30572.
29817.
30368.
29805.
30374.
30067.
29833.
29653.
30859.
30258.
30779.
30756.
30628.
30762.
31127.
30582.
29805.
30499.
29897.
30348.
30371.
30927.
30840.
31999.
31733.
31956.
31451.
31913.
31467.
31239.
31765.
32062.
32152.
31953.
33153.
33441.
33857.
33203.
33496.
33455.
33350.
33527.
33151.
33428.
33141.
33715.
34391.

D EP O SIT S

OP

” 24279
242.9
243.6
244.2
245.3
246.0
248.0
249.0
250.9
253.2
255.4
256.5
258.2
259.2
26C. 1
260*8
260.7
261.5
262.8
264.1
265.5
266.3
266.0
266.6
265.0
265.5
266.7
266.5
267.9
269.6
271.8
274.0
275.9
277. 7
278.4
279.0
278.8
1 278.7
1 279.2
1 279.0
1 278.7
1 278.6
1 279.0
1 279.0
1 277.3
1 276.8
1 276.0
276.4
I
1 276.7
2
77.5
1
1 278.3
1 279.1

TO R E S E R V E

1

NET
| IN T ER B A N K

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
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
1
1
1

R EQ O IR E N B N TS

DERAND D E P O S IT S

11.6
10.1
9.7
8.7
9.0
9.3
9.0
9.0
9.2

8.8

8.9
8.4
8.3
9.8
9.7
9.1
8.5
9.0
9.0
9.2
9.1

8.1

9.2
9.2
9.2
9.1

10.6
10.9
9.8
9.3
9.0
9.8
9.7
8.7
9.3
9.6

10.0

9.0
9. 1
10.3

10.2
9.8
9.2
9.9
10.7

10.2
10.2
10.4

10.8
9.9
9.7
11.3

OTHER
156.4
153.5
152.1
148.2
144.9
144.9
142.8
143.5
141.9
143.6
143.0
143.5
141.5
144.3
145.7
147.7
145.7
144.4
142.3
143.0
141.5
141.6
145.4
145.8
146.4
144.5
146.4
147.5
147.7
145.0
145.1
144.5
145.6
145.0
142.8
144.2
146.1
147.1
143.1
145.6
145.4
147.9
145.1
146.3
147.5
147.9
148.2
147.8
149.5
151.8
153.6
154.6

|

|
|
|

1

|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
\
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

O.S.
GO V T
DEHAND

8.6
6.0
4.8
6.5

8.2

7.1
7.6
9.0

8.6

7.8
7.0
9.6
9.6
ft .4
5.1
4.9
7.8
9.6
8.9
6.9
6.3
5.5
4.1

2.6
7.0
7.8
7.9
5.1
4.0
5.0
4.8
3.9
2.9
3.1

2.6

2.4

2.8

3.9
5.5
6.5
5.2
4.1
4.5
4.6
4.2
2.7
3.0
3.1
3.3
2.3
4.4
7.0

TABLE U
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1

M IL L IO N S

1D EPO SITO R Y

1972




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
NAB
NAN
RAN
RAN
RAN
APB
APE
APR
APR
RAT
H AT
RAT
HAT
H AT
JON
JON
JON
JON
JOL
JOL
JOL
JOL
A06
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
D EC

1
1
1
1
1
1

5... |

12 . . . I

19...1
26... |
2. . . I
9...1
16..
23... |
1... |
8. . . |
15...|
22. . . |
2 9 ...|
5...1
12 . . . |
19..
26...1
3...I
10. . . |
17...1
24... |
31... |
7...|
14... |
21 . . .|
28...|
5... |
12 . . . |
1 9 ...|
26...|
2. . . |
9... |
16...|
23...|
30...|
6. . . |
13...|
20. . . |
2 7 . . .|
4 ... |
1 1 . . .|
1 8 . ..|
25...|
1. . . |
8. . . \
15...|
22. . . |
29...|
6. . . f
1 3 -----I
20. . . |
? 7 . .. I

TOTAL

32814.
32793.
33665.
32592.
32435.
31892.
32257.
31823.
31614.
31465.
32108.
31558.
32219.
32604.
32345.
32565.
32666.
32840.
32757.
33157.
32646.
32814.
32677.
32417.
32596.
32301.
33143.
32747.
33295.
33040.
33139.
33133.
33326.
32822.
32978.
33362.
32520.
33017.
33053.
33731.
33710.
34098.
33555.
33704.
33694.
32132.
30539.
30728.
31009.
31068.
31408.
31441 .

OP D O L L A R S

IN ST IT U T IO N S

NONBORROWED

32757.
32776.
33651.
32580.
32419.
31850.
32239.
31809.
31547.
31362.
32095.
31443.
32066.
32463.
32331.
32522.
32387.
32723.
32670.
33118.
32583.
32560.
32619.
32323.
32537.
32172.
32831.
32520.
33122.
32868.
32776.
32846.
32944.
32474.
32501.
32525.
32371.
32300.
32503.
33295.
33175.
33664.
32790.
33149.
32735.
31638.
30120.
30156.
30420.
30263.
30187.
10121.

B IL L IO N S

I
MEMBER

RESERVES!
MONETARY
BASE
R E Q U IR E D

32502.
32688.
33447.
32400.
32190.
31842.
31946.
31693.
31532.
31289.
31715.
31691.
31934.
32230.
32179.
32624.
32448.
32704.
32566.
32963.
32560.
32726.
32346.
32308,.
32384.
32177.
32815.
32524.
33148.
32961.
32897.
33003.
33072.
32782.
32751.
32566.
32635.
32811.
33016.
33501.
33352.
33977.
33405.
33499.
33570.
31346.
30350.
30388.
30673.
30824.
31202.
31252.

|
|
|
|
|
|
|
|
|
|
|
|
|
f
|
|
|
|
|
|
|
1
I
|
1
|
f
|
|
I
|
|
|
|
|
|

1

|
|
|
|
t
|
|
|
|
|
|
|
|
|
|

87.9
87.6

88.0
86.4

86.2
86.4

86.6
86.1
85.7
86.3
87.0
86.4

86.8

87.9
87.8
87.9
87.6

88.0
88.7
89.0
88.3
88.5
89.0

88.8

89.0
88.3
90.2
90.0
90.3
89.7
89.7
90.5
90.5
89.8
89.5
90.8
89.9
90.1
89.8
90.8
91.7
91.9
91.1
91.0
92.2
90.8
89.5
89.4
90.3
90.8
91.4
91.8

D EP O SITS
\

TOTAL

|

BANK

374.2
369.1
368.3
366.3
366.9
365.6
364.9
364.6
367.4
367.7
369.8
371.2
371.2
374.2
373.6
375-9
375.5
378.5
376.4
378.2
376.0
376.2
377.8
376.6
380.4
378.6
383.3
382.6
382.7
383.7
384.7
383.9
384.5
383.9
384.9
386.2
388.5
391.0
390.5
395.1
392.3
393.8
394.4
396.0
396.0
394.3
396.4
397.6
400.5
401.7
406.9
410.2

1_
1
1

| T I N E AND
|
SA V IM G S

I
I
|
{
1
|
|
|
|
|
|
I
|
I
I

1

|
I
|
!
|
I
I
|
1
|
|
I
I
I
|
I
I
I
|
!
|
I
|
|
|
|
|
|
I
|
I
|
I
|
|
|

211.9
212.7
213.5
214.2
214.6
214.9
215.5
216.5
217.3
217.8
218.3
217.6
218.6
218.8
218.9
219.6

220.6

221.5

222.2
222.8
223.7
224.5
225.0
225.3
224.9
225.2
226.1
225.9
226.9
22* . 9
228.9
229.9
230.9
231.7
233.1
233.4
233.8
233.2
234.1
235.5
235.5
236.2
236.8
236.6
237.0
237.3
238.0
238.4
238.7
239.6
240.6
242.0

T

1
1
1
1
1
1
»
I

1
1
1
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
1
1
1
1
1
1
1
1
1
1
1
1
1

OP

DOLLARS

SUBJECT
P R IV A T E

TOTAL
154.9
151.8
149.6
145.7
144.8
143.7
143.8
142.7
144.2
144.5
145.9
145.7
144.9
149.3
149.9
150.6
147.7
146.9
144.8
146.3
143.7
144.3
147.7
148.0
148.3
186.7
150.2
151.8
150.6
148.5
149.3
148.7
149.3
148.6
148.3
150.2
152.2
152.3
149.0
152.0
152.3
153.3
151.7
153.6
153.7
153.4
153.3
153.1
156.0
157.9
160.4
161.2

TO R E S E R V E

DEMAND D E P O S I T S

|
NET
|
| IN T E R B A N K !
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
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

12.5
13.1

12.6
12.4

12.0
12.5
12.5
13.1
12.5
12.4

12.2

10.4

10.2
10.1
10.7
10.4
10.5

10.6
10.4
10.5

10.1
9.5

10.8
10.4
10.5
10.4

11.1

11.9

11.0
11.1
11.0
11.2
10.7
10.7
10.4

10.0
11.4

11.0
10.7

11.2
11.7

11.2
10.7

11.0
11.2
9.6
9.7
9.4
9.5

I

10.0

\

9.9
9.7

1

R E Q U IR E M E N T S

|
1
I
I
I
I
1
!
|
1
I
I
|
1
I
1
I

1

|
|
I
!
1
I
I
!
|
I
|
I
|
|
!
|
|
I
|
I
|
|
|
|
|
|
I
|
|
|
|
|
|
|

OTHER
142.4
138.7
137.0
133.2
132.9
131.2
131.3
129.6
131.7
132.2
133.7
135.3
134.8
139.2
139.2
140.2
137.2
136.3
134.4
135.8
133.6
134.8
137.0
137.5
137.9
136.3
139.0
139.8
139.6
137.5
138.3
137.4
138.6
137.8
137.9
140.2
140.8
141.2
138.3
140.8
140.7
142.0
140.9
142.6
142.5
143.8
143.6
143.7
146.5
147.8
150.6
151.5

U. S .
GOVT
DBRAND
7.4
4.7
5.2
6.4
7.5
7.0
5.6
5.4
5.9
5.4
5.5
7.8
7.8

6.2
4.8
5.7
7.2

10.2
9.5
9.1
8.7
7.5
5.0
3.4
7.2

6.6

7.0
4.9
5.2
7.2

6.6
5.3
4.4
3.7
3.5
2.7
2.5
5.5
7.3
7.7
4.4
4.3

6.0
5.8
5.3
3.6
5.1

6.1
5.8
4.2
5.8
7.0

TABLE 4
AGGREGATE RESERVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
B IL L IO N S

M I L L I O N S OP D O L L A R S
|
I
I
| DEPO SITO RY IN S T IT U T IO N S R ESERVE S|

1
I
I
I
I

1971




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
BAR
MAR
NAB
MAR
NAB
APR
APR
APR
APR
HAT
NAT
NA T
HAT
JON
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
O CT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

1

6. . . |
13...|
20. . . 1
27...1
3...I
10. . . I
17...|
2 4 . . .|
3 ...|
10. . . |
17...|
2 4 . . .|
31...1
7...|
1 4 . . .|
21 . . . |
28...j
5...|
12. . . |
19...|
26...|
2. . . |
9...|
1 6 . . .|
23...|
3 0 ...|
7... |
14...|
21 . . .|
2 8 . . .|
4. . • f
11. . . |
18...|
2 5 . . .|
1. . . |
8. . . |
15...|
22. . . |
2 9 ...|
6. . . |
1 3 ___ I
20 ...1

27... |
3. • • |
10. . . (
17...1
24...|
1.. . |

8 ...1

1 5 , . .|
|
- . ?

22n . .
29

TOTAL

NONBO RROW ED

|

MEMBER

1
1
1
1

HONETART
BASE
R E Q U IR E D

I

|

TOTAL
J

30611.
30242.
31029.
30172.
29959.
29760.
30202.
29916.
29542.
29404.
29955.
29482.
29940.
29670.
29625.
29938.
30157.
30780.
30084.
30362.
30246.
30276.
29886.
30225.
29919.
30292.
30313.
30254.
30932.
30623.
30894.
30330.
30605.
30111.
30519.
30855..
30851.
30360.
31073.
30993.
30702*
31071.
30424.
30961.
30580.
31172.
30716.
31275.
30743.
31153.
31151.
31924.

30204.
29965.
30557.
298-18.
29676.
29513.
29641.
29666.
29284.
28983.
29665.
29149.
29683.
29473.
29475.
29854.
29981.
30606.
29985.
30056.
29979.
29630.
29733.
29822.
29300.
29542.
29652.
29263.
29811.
30078.
30130.
29737.
29426.
29340.
29813.
30090.
30394.
30031.
30649.
30684.
30253.
30739.
30011.
30745.
30458.
30885.
30178.
30570.
30684.
31128.
31010.
31708.

30035.
30210.
30937.
29890.
29722.
29555.
29905.
29599.
29372.
29322.
29690.
29414.
29564.
29393.
29417.
29857.
30109.
30415.
29854.
30260.
30072.
29991.
29813.
29959.
29709.
30060.
30036.
30249.
30650.
30556.
30460.
30303.
30381.
30020.
30195.
30650.
30604.
30421.
30730.
30779.
30653.
30861.
30373.
30565.
30570.
30984.
30572.
30685.
30600.
30949.
31180.
31610.

|
|
|
|
|
|
|

1

|
|
|
|
|

1

|
|
|
|
|
|
|
I
\
|

1
|

1

|
|
|
|
|
J
|
|
|
|
|

1
1

|
|
|

1

|
\
|
|

1

f
|
|

82.1
81.3
81.7
80.3
80.3
80.5
81.1
80.3
80.2
80.6
81.1
80.5
80.8
81.4
81.5
81.5
81.4
82.5
82.3
82.4
82.1
82.6
82.7
82.9
82.5
82.9
84.1
84.0
84.4
83.7
84.3
84.2
84.4
83.5
83.6
84.9
84.6
83.8
84.1
84.7
84.8
84.9
84.0
84.7
85.0
85.6
85.2
8 5.8
85.9
86.3

86.6

87.4

|
|
|
|
|
|
|

\

335.0
329.8
329.4
329.1
331.4
330.7
330.2
330.6
333.7
333.3
335.3
334.6
335.0
338.0
340.0
342.1
338.8
341.3
341.0
341.3
340.2
341.5
341.0
343.0
343.0
344.3
347.3
347.2
346.7
345.8
346.6
344.9
346.5
349.0
349.0
348.8
350.9
351.7
351.4
353.4
351.8
353-1
J52.9
365.4
361.1
354.3
353.9
356.1
358.3
361.5
367.3

|

3f;<»

1
\

1
|
|
|
1
|
|
|
|
|
1
|
|
1
|
t
|
1
|
\
|
|

1
1

\
1
|
|
|
|
|
|
|
\
\
|
|

1

\
|
|

t

1
1
1
1
1
1
1
1
1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
1
I

1
1
1
1
\

1
1
1

1

1
I

1

I

BANK

D EP O SIT S
|

OF D O L L A R S
SUBJECT
P R IV A T E

T I M E A ND
S A V IN G S
|
180.9
181.9
183.1
184.1
184.8
186.1
187.0
188.0
189.6
191.1
192.5
193.1
193.6
193.7
193.6
193.1
193.9
194.5
195.1
195.7
196.5
197.1
197.7
197.5
197.4
198.0
198.2
198.5
198.9
199.6

200.1

200.3
200.7

201.2
201.6
202.2
202.0
202.5
203.9
205.0
205.7
206.1
206.4
206.2
206.3
206.6
207.3
207.7
208.6
209.3
209.7
21 * . 0

|
|
|
|
|
|
|

1

|
|
|
|
|
1
|
|
fl

1

|
|

1

|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|

TOTAL
148.3
143.9
142.1
138.0
138.3
137.3
136.4
135.9
137.7
137.6
138.0
137.1
137.9
141.7
142.9
142.9
139.3
139.3
138.9
138.6
137.5
139.1
140.3
142.0
139.9
140.8
143.0
143.1
142.1
140.7
141.4
141.0
140.9
139.7
140.4
141.1
143.6
142.5
140.0
142.5
142.7
143.6
141.7
144.8
143.6
144.9
143.3
145-4
145.9
148.8
149.9
150.6

TO R E S E R V E

R E Q U IR E H EN TS

DEMAND D E P O S I T S
NET
IN T ER B AN K |

12.0
12.1
11.7
11.3
11.9
11.9
10.9

12.1
12.0
12.2
11.6
11.7

11.0

12.5
10.5
13.0

11.6

11.9

11.6

11.5

10.6
11.9

12.2
11.4
11.5

11.8
12.8
13.0
12.4
12.5
12.7
12.5
12.4
11.4
11.7
12.3

12.1

12.4
11.9

12.8
13.3
13.0

12-8

13.8
13.5
12.9

12.6

13.9
'* 2.6
12. 9
12. 8
12.7

|
|
|
|
|
|
|
1
|
I
|
1
|
I
|
1
I
|
|
I
|
|
|
|
|
|
|

1

|
|
|
|

1

|

1

|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
1
1

OTHER
136.2
131.8
130.4
126.8
126.4
125.4
125.5
123.8
125.7
125.4
126.4
125.3
126.9
129.1
132.4
129.9
127.7
127.4
127.2
127.1
127.0
127.2
128.1
130.6
128.5
129.0
130.1
130.2
129.7
128.2
128.6
128.5
128.5
128.4
128.7
128.8
131.5
130.2
128.1
129.6
129.4
130.6
128.9
131.0
130.1
132.0
130.7
131.4
133.3
136.0
137.1
138.0

|

|
|
|
|

1

|
|
|
|
|
|
|
|

1
1

|
|
|
f
|
|
|
|
|
|
|
|
|
1
|
|
|
|
\
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
1

U .S.
GO V T
DEHAND
5.9
4.0
4-2
7.0
8.3
7.3

6.8

6.7
6.3
4.6
4.9
4.4
3.4
2.7
3.5

6.1
5.6
7.6
7.0
6.9

6.1
5.3
3.0
3.6
5.6
5.5

6.1
5.6
5.8
5.6
5.1
3.6
4.9

8.1

7.0
5.5
5.3
6.7
7.5

6.0
3.4
3.4
4.8
4.4
3.3

2.8
3.3
3.0
3.8
3.4
7.7
7.5

1

TABLE U
AGGREGATE RESERVES AND HEHBEF BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1970




JAN
JAN
JAN
JAN
FEB
PEB
FEB
FEB
MAR
H AR
HAR
HA R
APR
APR
APR
APR
APR
HAY
HAY
HA Y
HAY
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

M I L L I O N S OF D O L L A R S
!
1
1
I D EPO SITO R Y IN S T IT U T IO N S R E S E R V E S*
1
HONETARY
1
NONBASE
f
R EQ U IR E D |
BORRO WE D
TOTAL
*
1
1
28911.
|
76.9
27899.
7...I
28696.
28911.
|
76.8
28988.
28123. •
19...|
28937.
76.9
29900.
29196.
|
21. . . |
7
5.5
2
7
9
8
8
.
28906.
*
28518.
28.
28209.
!
75.6
27157.
28915.
4 ... 1
75.5
27790.
|
26928.
27997.
1 1 ...1
27810.
*
75.9
26999.
1 8 . . .|
28059.
79.7
27905.
|
27577.
26512.
25...|
79.8
27269.
*
26626.
4...I
27962.
75.0
26301.
27162.
I
27233.
11... I
75.9
26819.
27981.
|
27631.
18...|
75.1
26536.
27376.
1
25...1
27972.
26857.
27967.
|
75.5
27806.
1. . . I
27213.
75.9
27530.
1
27709.
8 .. . |
28160.
|
76.9
27295.
15...|
28262.
2
8
2
1
9
.
*
76.9
27903.
2 2 . . .|
28372.
28019.
!
76.0
28126.
27232.
29...1
28587.
77.1
\
27813.
28237.
6...I
76.5
26935.
27717.
|
27795.
1 3...!
27881.
*
76.8
20... \
28095.
26916.
27287.
|
75.8
26398.
27...1
27331.
26389.
27918.
*
76.6
27613.
3... |
26612.
27969.
27333.
|
76.9
1 0 . . .|
1 7 . . .|
27930.
|
77.0
27703.
27095.
29...|
26386.
27185.
*
76.3
27273.
76.9
27550.
|
27823.
2 6 8 3 2 ..
1... I
27897.
78.1
8... |
26553.
27773.
|
26591.
78.1
15...|
28222.
27992.
|
2
6
9
8
7
.
2
8
1
8
8
.
|
7
8.0
22. . . |
28373.
26952.
77.5
28030.
|
29...!
28183.
27959.
|
5 ... |
28192.
27132.
77.9
27919.
28309.
|
12. . . I
20588.
78.6
27839.
78.9
19...»
28923.
|
23515.
28177.
27517.
28039.
*
77.7
26...I
28370.
27710.
77.8
2...!
28192.
|
28931.
28516.
|
28168.
9...!
79.2
16... i
28921.
28565.
|
28921.
78.8
28399.
27939.
28991.
(
78.0
23. . . \
29039.
30...!
28373.
28762.
|
78.3
7... i
28939.
*
28388.
28786.
78.8
19...t
28969.
28019.
28923.
*
78.6
28309.
28701.
*
21...!
28890.
78.9
28019.
28...|
28997.
28256.
|
78. 1
28229.
78,7
9... |
28339.
*
28652.
28280.
28993.
|
79.5
28725.
11. . . !
18...!
28933.
28599|
79.5
28763.
27937.
28297.
*
25...|
79.1
28373.
23920.
2... !
28875.
23958.
|
79.8
9...!
28929.
28582.
*
80.2
28718.
28639.
16... |
29038.
28918.
*
80.5
2
8
9
7
3
.
29298.
29088.
1
23...!
81.1
29573.
30... |
29893.
29909.
|
81.6

B IL L IO N S
t

MEMBER

BANK

D EP O SITS

OF D O LLA R S
SUBJECT
P R IV A T E

*

TOTAL

| T I R E A ND
|
S A V IN G S
TOTAL

|
|
|
!
|
I
|
|
!
I
!
I
|
*
1
*
|
!
|
|
|
|
|
|
|
1
|
|
(
|
|
|
|
|
1
|
f
|
|
|
|
|
|
!
!
|
|
*
|
|
|
|

297.1
292.1
290.9
287.5
287.1
285.0
289.7
283.9
286.2
286.2
287.2
288.2
292.2
293.9
293.0
295.6
292.1
293.0
289.9
291.3
290.2
290.8
290.0
292.3
293.6
295.7
298.0
298.7
298.8
301.2
303.0
302.1
303.5
305.3
306.9
306.9
309.1
311.0
311.2
313.8
312.2
313.2
313.6
319.8
313.9
315.3
316.0
318.5
320.9
323.0
327.7
329.3

|
\
|
|
|
|
|
|
|
1
|
1
|
|
|
I
I
|
I
|
I
|
|
|
|
1
|
I
I
|
|
I
|
|
|
|
1
|
|
|
I
I
|
|
|
I
I
|
1
|
(
t

199.7
199.1
198.7
198.9
198.2
196.9
198.8
199.2
199.7
15C.3
150.8
151.9
152.6
153.9
153.5
153.9
159.9
159.5
159.6
155.0
155.1
155.3
155.5
155.9
155.9
156.9
158.7
160.0
161.4
162.8
164.3
165.3
165.9
166.8
167.8
168.8
169.3
170.4
171.4
172.2
173.0
173.5
173.6
173.8
174.3
174.8
175.4
175.9
176.9
177.7
178.8
179.4

143.5
140.3
138.2
133.9
133.2
130.8
130.2
127.8
130.6
130.5
131.2
130.3
133.6
135.8
136.6
135.4
133.1
132.4
130.9
130.9
128.8
131.3
131.2
132.6
130.1
132.1
133.4
133.5
132.2
131.7
132.9
132.2
132.4
130.7
132.6
132.7
135.9
133.5
132.6
135.3
135.1
135.5
134.1
136.1
135.6
136.5
135.0
137.8
138.3
141.2
141.1
143.0

I
_1

TO R E S E R V E
DEHAND

D EP O SITS

NET
IN T E R B A N K
1 2 .0
10.7
1 0 .6
1 0 .2
10.4
1 0 .8
1 0 .6
1 0 .1
1 0 .2
10.5
10.4
10.7
9.2
1 0 .8
1 1 .2
10.4
10. 1
9.5
1 0 .1
9.8
9.2
9.8
9.6
8.5
9.5
9.4
10.3
10.5
1 0 .8
10. 1
10.5
10.5
1 0 .0
9.7
9.6
1 0 .2
1 0 .0
9.8
9.3
10.5
1 1 .2
1 0 .6
10. 1
1 0 .6
1 0 .8
10.5
10.3
1 1 .0
1 1 .8
10.7
1 1 .1
10.9

R EQ U IR E H E N T S

OTHER
13?. 5
129.6
127.6
123.6
1 2 2 .8
1 2 0 .1
119.5
117.7
120.4
1 2 0 .1
120.9
119.5
124.4
125.0
125.4
126.0
123.0
122.9
1 2 0 .8
1 2 1 .1
119.6
121.5
121.5
124.1
1 2 0 .6
122.7
123.0
123.0
121.4
1 2 1 .6
122.4
121.7
122.4
1 2 1 .0
123.0
122.5
125.9
123.7
123.3
124.8
123.9
124.9
123.9
125.5
124.9
126.0
124.7
126.8
126.5
130.5
130.0
132.1

I

|

U .S.
GOVT
DEHAND

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
I
|
|
|
|
(
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
I
|
|
|
|

3.9
2.7
3.4
5.2
5.6
5.8
5.7
6.9
5.9
5.4
5.2
6.5
6 .0
4.7
2.9
5.3
4.7
6 .0
4.4
5.4
6.3
4.2
3.4
4.3
8 .0
6 .8
5.9
5.2
5.3
6.7
5.8
4.7
5-2
7.7
6 .0
4.9
3.9
7.1
7.2
6.3
4.1
4.1
5.9
4.8
3.9
4.0
5.6
4.8
5.2
4.1
7.9
7.0

TABLE 4
AGGREGATE RESERVES AMD MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
\

M IL L IO N S

OP D O L L L ? S

B IL L IO N S

1D E P O S I T O R Y " l H T I T 5 T I O N S “ R E S E R V E S |

1969




JAN
JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
HAY
HAY
HAY
H AY
JON
JON
JON
JON
JOL
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
DEC

1
I
1
1
1
1...I
8... 1
15...!
22...!
29.... |
5...|
12. . . |
19...|
2 6...!
5...!
12...!
1 9 . . .|
26... |
2... j
9...|
16...!
23...!
30...|
7...J
19...!
21...!
2 8 ...|
9... |
11. . . !
18...(
25...!
2. . . |
9...(
16...|
23...|
3 0 ...|
6...!
13...!
20. . . |
27...!
3...J
10. . . |
17...!
29...!
1. . . I
8...!
15...!
22...!
29...)
5...!
12. . . |
19...!
2 6 . . .|
3...|
10. . . |
17...|
2 9 ...|
31...!

TOTAL

28390.
27955.
28567.
28399.
27572.
27937.
27260.
'2 7 5 9 1 •
27099.
26985.
26768.
26710.
26622.
26793.
26599.
26616.
27580.
27657.
28210.
27806.
27772.
27729.
27693.
27999.
27036.
26966.
27500.
27176.
27275.
27169.
26599.
27092.
26960.
27159.
26909.
26950.
26991.
26819.
26931.
27900.
27153.
27379.
27619.
27172.
27661.
27725.
27969.
27601.
27737.
27775.
28016.
27876.
28680.

NONBORROWED

27020.
27957.
27880.
27567.
26681.
26693.
26961.
26597.
26392.
26251.
25893.
25939.
25658.
25598.
25652.
25857.
26995.
26539.
26607.
26635.
26919.
26926.
26122.
26189.
25721.
25693.
25866.
26156.
25996.
25810.
25325.
25952.
25631.
25938.
25705.
25710.
26201.
25796.
25825.
25969.
26186.
26032.
26599.
25993.
26333.
26981.
26898.
26391.
26596.
26575.
26972.
26780.
27576.

!

MEMBER

MONETARY
BASE
REQ U IR E D

27939.
27753.
28335.
28076.
27389.
27202.
27039.
27228.
26895.
26778.
26520.
26625.
26359.
26939.
26379.
26972.
27908.
27572.
27727.
27595.
27656.
27616.
27279.
26996.
26937.
26775.
27009.
27063.
27099.
26782.
26998.
26791.
26627.
27100.
26697.
26598.
26550.
26682.
26727.
27080.
27019.
27161.
27958.
27092.
27365.
27359.
27823.
27963.
27539.
27989.
27919.
27612.
28152.

|

|

)
)
!
|
|
!
|
!
|
|
)
|
1
1
)
(
!
|
|
)
|
)
|
|
|
!
|
|
|
|
|
|
|
|
|
|
1
|
|
)
)
|
)
|
|
)
)
|
)
|
|
)
1

73.8
73.9
73.6
73.1
71.8
72.0
72.1
72.3
71.5
71.8
71.9
71.8
71.5
71.7
72.2
71.9
72.6
72.5
73.6
73.3
73.2
73.0
73.7
73.7
73.2
72.9
73.7
79.2
73.9
73.6
72.7
73.8
73.8
73.9
73.9
73.8
73.9
73.5
73.9
73.8
79.2
79.6
79.7
73.9
79.9
75.5
75.7
75.9
75.9
76.2
76.9
76.6
77.1

|
)
)
(
!
(
!
!
!
|
)
|
|
|
|
|
|
|
|
|
|
|
|
!
|
|
|
!
!
(
1
|
1
|
|
)
|
f
|
!
|
!
)
!
|
I
|
|
|
|
|
!
(

TOTAL

308.2
307.5
303.2
301.5
299.8
300.3
298.7
298.2
295.8
296.9
295.2
295.8
295.2
295.6
296.6
298.7
299.8
298.1
298.9
298.1
296.9
299.6
299.3
293.5
295.1
299.7
299.7
292.7
290.1
291.2
289.9
288.6
286.9
285.1
289.6
285.2
285.7
287.9
287.9
287.9
286.9
285.0
286.3
285.6
288.7
287.1
287.3
286.9
289.1
287.2
290.7
292.9
299.9

BANK

D EP O SIT S

1
1 T I k E A ND
S A V IN G S
1
1
1
163.8
1
163.3
1
163.1
1
162.9
1
162.2
1
161.8
1
161.9
1
1
61.7
1
161.7
1
161.7
1
161.7
1
161.6
1
161.5
1
161.8
1
161.5
1
161.0
1
160.6
1
160.9
1
160.3
1
1
60.2
1
160.0
1
159.9
1
159.7
1
159.9
1
158.6
1
i
157.9
157.9
i
156.9
1
155.6
1
159.9
1
159.9
1
153.9
I
1
53.5
1
1
53.0
1
152.7
1
152.9
1
152.1
151.7
1
151.6
)
151.7
1
151.5
1
151.1
1
150.9
)
1
50.8
1
150.7
!
150.2
!
199.9
1
1 199.8
199.7
i
199.6
i
199.7
1
199.7
1
199.8
1

OP D O L L A R S
SUBJECT
P R IV A T E

TOTAL
139.8
190.5
138.0
135.2
131.6
132.0
130.6
130.7
128.9
130.3
130.0
130.5
128.9
130.8
132.0
139.9
133.5
130.6
129.1
128.9
128.5
127.7
130.0
130.7
131.8
129.7
132.9
131.5
131.9
130.3
129.6
130.2
129.7
129.9
128.0
129.9
131.0
132.9
129.6
130.2
131.9
131.7
132.0
131.2
133.3
132.9
139.0
132.0
139.3
139.0
136.9
136.6
190.7

TO R E S E R V E

R E Q U IR E M E N T S

DEMAND D E P O S I T S
NET
1
IN T E R B A N K !
1
10.5
1
1 0 .6
1
1 0 .0
1
8.9
1
8 .6
1
8.7
!
9.5
1
9.5
1
9.0
1
9.9
1
9.9
!
8.7
1
8.5
1
9.3
1
8 .8
!
9.3
1
9.0
1
8.9
1
9.2
1
9.6
1
8.9
1
8 .6
1
9.5
1
9.7
1
9.6
1
9.3
1
10.3
1
1 0 .2
1
1 0 .0
1
9.6
1
9.2
9.9
1
10.9
1
10. 1
1
1 0 .0
1 0 .2
1
1 0 .8
!
10.9
1
10.9
1
1 0 ,2
1
1 0 .6
1
10.5
1
10.9
1
10.5
1
1 1 .1
1
1 1 .1
1
10.9
1
10.9
1
11.5
1
11.9
1
1 1 .1
1
11.9
\
1 1 .1
1

OTHER
12975
129.9
127.9
126.3
123.0
123.3
1 2 1 .1
1 2 1 .2
119.9
120.9
1 2 0 .6
121.7
120.9
121.5
123.2
125.6
129.9
121.7
119.9
119.3
119.6
119.1
120.5
1 2 1 .0
1 2 2 .1
120.9
1 2 2 .1
121.3
1 2 2 .0
120.7
120.5
120.9
119.3
119.3
117.9
119.7
1 2 0 .2
1 2 2 .0
119.1
1 2 0 .1
1 2 0 .8
1 2 1 .2
1 2 1 .6
120.7
122.3
1 2 1 .8
123.1
1 2 1 .2
1 2 2 .8
1 2 2 .6
125.8
125.1
129.6

|

|

O .S.
GOVT
DEMAND

!
|
|
1
|
1
!
!
)
!
!
|
!
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
!
|
|
|
|
!
|
|
|
|
|
I
|
|
|
!

9.5
3.8
2 .2
3.9
6 .0
6.5
6 .2
5.8
5.6
9.9
3.5
3.7
9.9
3.0
3.0
2.7
5.8
7.1
9.1
9.0
7.8
6.9
9.6
3.9
9.7
7.1
9.9
9.8
2 .6
6 .0
5.9
9.5
3.2
2.7
3.9
2 .8
2.7
3.7
6.3
5.9
9.1
2 .2
3.9
3.7
9.7
9.0
3.5
9.6
5.1
3.6
9.1
6 .2
9.9

TABLE 4
AGGREGATE RESEPVES AMD MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1968




JAN
JAN
JAR
JAM
JAN
PEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
MAY
H AY
HA Y
HA Y
HAY
JUN
JON
JUN
JUN
JUL
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
O CT
O CT
NO?
NOV
NOV
NOV
DEC
DEC
DEC
DEC

M I L L I O N S OF D O L L A R S
1
1
1D E P O SIT O R Y I N S T I T U T I O N S R E S E R V E S
1
1
NON1
TOTAL
BORROWED
R EQ U IR E D
1
1
1
3... |
25795.
26448.
25953.
25911.
25347.
1 0 . . .|
25731.
25571.
17..
25347.
25414.
24... 1
25922.
25546.
25689.
31... |
25672.
25336.
25431.
7 ...I
25546.
25921.
25680.
25530.
25042.
14...|
25146.
21... 1
25275.
24896.
24870.
28...|
25636.
25194.
25323.
25797.
6... |
25481.
25297.
1 3 . . .|
25548.
25090.
24769.
2 0 ...1
25672.
25258.
24939.
2 7...|
25326.
25165.
24744.
25463.
3...I
24767.
25132.
25434.
10. . . |
24788.
25028.
1 7 . . .|
26090.
25327.
25563.
2 4 . . .1
25503.
25377.
24852.
25518.
1... |
24844.
25242.
8...|
25698.
25317.
24875.
15...|
25379.
24667.
24979..
22. . . |
25379.
25057.
24710.
29...1
25322.
24558.
24931.
5...|
25332.
2
5124.
24573.
1 2 . . .|
25400.
25090.
24722.
1 9 . . .|
25597.
25331.
24933.
2 6...|
26217.
25410.
25639.
3...|
25839.
25346.
25657.
10. . . |
25826.
25414.
25393.
1 7 . . .|
26011.
25541.
25737.
2 4 . . .|
26261.
25851.
25622.
31... |
26186.
25584.
25828.
7... |
26227.
25885.
25490.
14...|
25890.
25314.
25576.
21. . . |
26227.
25608.
25713.
28... |
25791.
25417.
25612.
4...|
25881.
25626.
25427.
1 1 ...1
26192.
25636.
25558.
25974.
1 8 . . .|
25570.
25600.
25.
25855.
25381.
25658.
2... |
26387.
25846.
26002.
9.. •|
26495.
26270.
26092.
16..
26975.
26602.
26459.
23... |
26473.
26474.
26136.
3 0 ...|
26720.
26368.
26225.
6...|
26354.
26162.
25962.
13...|
27070.
26395.
26533.
20... |
26960.
26447.
26731.
27...|
26594.
26011.
26409.
4. . • |
26859.
26328.
26380.
26027.
11. . . |
26461.
26409.
18...|
26720.
27088.
26513.
25...|
27232.
26373.
26812.

B IL L IO N S
MEMBER
MONETARY
BASE

BANK

D EP O SIT S

OF D O L L A R S
SUBJECT
P R IV A T E

TOTAL ,

T I R E AND
S A V IN G S
TOTAL

68.7
6 8 .2
67.4
67.5
66.9
67.5
67.2
6 6 .8
67.0
67.5
67.6
67.6
67.1
67.4
6 8 .0
6 8 .6
67.6
67.5
68.3
6 8 .0
6 8 .0
67.7
68.3
68.7
68.7
69.1
69.1
69.8
69.7
69.7
69.4
69.9
69.8
70.1
69.4
69.8
70.4
70.0
69.5
70.1
70.8
71.2
70.6
70.5
70.8
72.0
71.8
71.5
72.3
72.2
72.8
73.2

284.7
282.0
280.4
280.1
278.8
280.1
277.7
276.9
279.7
280.6
278.9
279.9
279.2
279.1
278.7
282.1
280.8
279.8
280.4
278.6
279.2
277.9
279.3
279.3
281.2
282.6
283.3
282.2
284.8
286.0
285.1
286.9
285.9
287.1
286.5
286.6
287.6
290.1
291.9
294.2
294.3
294.0
293.3
295.5
297.3
295.8
295.7
296.0
298.3
299.2
303.4
305.4

14815
148.8
149.5
149.7
150.2
150.3
150.8
15..0
151.5
151.7
152.3
152.2
152.4
152.5
152.4
152.0
151.6
152.1
152.1
152.4
152.3
152.3
152.3
152.4
152.1
151.9
152.6
153.0
153.8
15*. 7
155.0
156.1
156.9
157.4
157.8
158.2
158.3
156.3
158.8
159.5
160.3
160.7
161.4
161.7
161.9
162.0
162.1
162.8
163.3
16J.8
163.9
163.8

?3 ? n
129.1
128.2
125.0
123.3
123.4
121.5
1 2 1 .1
119.5
121.4
121.5
1 2 2 .1
120.7
1 2 2 .0
123.1
127.6
124.8
122.7
1 2 1 .8
1 2 1 .2
1 2 1 .0
120.3
122.9
123.3
124.9
123.4
126.6
125.5
126.2
124.5
124.7
125.8
124.7
124.5
123.5
124.8
126.5
127.5
125.6
127.3
127.7
129.0
127.3
127.8
130.4
129.5
130.9
129.8
132.2
132.8
135.5
135.6

TO R E S E R V E
DEMAND

D EP O SITS

RET
IN T E R B A N K
1 0 .0
9.8
9.0
8.7
8 .1
8 .2
8 .6
8.5
8.5
8.4
8.5
8.4
8 .0
8.3
8 .8
8.5
8.3
8 .1
8 .1
8 .2
8.4
7.8
8 .2
8.7
8 .6
8.5
9.3
9.9
9.0
9. 1
8.5
9.0
9.1
9.1
8.4
8.3
9.1
9.3
9.2
9.0
9.7
9.3
9.1
8 .8
9.3
1 0 .0
9.9
8.9
9.5
9.5
9.2
9.7

R EQ U IR E M E N TS

OTHER
121.3
119.2
119.2
116.3
115.2
115.2
112.9
1 1 2 .6
1 1 1 .0
113.0
113.0
113.7
112.7
113.7
114.2
119.2
116.5
114.6
113.7
113.0
1 1 2 .6
112.5
114.7
114.6
116.3
114.9
117.3
115.6
117.2
115.4
116.2
116.9
115.6
115.4
115.2
116.5
117.4
118.2
116.4
118.3
118.0
119.7
118.2
118.9
1 2 1 .1
119.5
1 2 1 .0
120.9
122.7
123.4
126.3
125.9

|

|

U .S.
GOVT
DEHAND

|
|
|
|
|
|
|
|
|
|
i
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
I
|
1
|
|
|
|
|
|
|
|
\
|
|
|
|
|
|
|
|
1
|

47”
4.1
2 .8
5.4
5.2
6.5
5.4
4.8
8.7
7.5
5.1
5.5
6 .1
4.6
3.2
2.4
4.4
5.0
6.5
5.0
5.9
5.3
4.1
3.5
4.1
7.3
4.0
3.7
4.8
6 .8
5.5
5.0
4.3
5.1
5.1
3.6
2 .8
4.4
7.6
7.4
6.4
4.3
4.6
6 .0
4.9
4.3
2 .8
3.3
2 .8
2 .6
3.9
5.9




TABLE 4
AGGREGATE PESERVES AMD MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

JAN
JAM
JAM
JAM
PEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
HAY
HAY
N AY
N AY
HAY
JOM
JON
JO M
JOM
JOL
JOL
JOL
JOL
AOG
AOG
AOG
An G
AOG
SEP
SEP
SEP
SEP
OCT
O CT
OCT
OCT
NOV
NOV
NOV
NOV
MOV
DEC
DEC
DEC
T)PC

M I L L I O N S OF D O L L A R S
|
1
1
R
E
S
E
R
V
E
S
!
I
N
S
T
I
T
U
T
I
O
N
S
D
E
P
O
S
I
T
O
R
Y
I
1.
MONETARY
1
1
I
NONBASE
1
1
I
TOTAL
! BORROWED 1 R E Q U I R E D (
I
I
1
1
.1
29097.
29267.
!
69.8
4...|
29662.
1
1
23919.
69.7
29999.
23872.
|
1 1 ...1
1
!
63.9
23999.
23536.
|
18...|
23661.
1
1
23951.
23973.
|
63.3
25... |
23989.
1
1
23569.
1
63.0
23909.
1...I
1 23733.
1
2
3
5
6
0
.
|
63.9
2
3
9
9
6
.
23899.
8... |
1
!
2
3
2
7
0
.
2
3
3
0
8
.
t
6
3.3
15...|
23726.
1
1
23813.
23230.
1
63. 3
23336.
2 2 -----|
1
1
23269.
!
23256.
23923.
62.7
1... I
1
1
22985.
22828.
|
23187.
63.0
8... |
i
1
23109.
15...|
23282.
22910.
|
63.0
1
!
23390.
23125.
!
63.5
22. . . |
23692.
!
1
23329.
23199.
22999.
|
29. . . \
62.9
!
!
5 ... |
23389.
63.0
23209.
22992.
|
1
1
23017.
23162.
22936.
|
63.2
12. . . |
1
1
19...|
23580.
23902.
63.9
23102.
|
(
1
23287.
23385.
2 6 ...|
23139.
!
63.0
!
1
23989.
3 ... |
23623.
23218.
!
63.3
1
1
23350.
23089.
\
23913.
1 0 ...1
63.6
1
I
2
3
2
6
3
.
1 7...|
23386.
2
2
9
8
2
.
1
6
3.5
1
1
23081.
22759.
|
63.1
29... |
1 23031.
1
22957.
23059.
22678.
)
63.0
31...|
1
1
23099.
23176.
22895.
|
63.6
7...I
1
1
23170.
23213.
22858.
!
63.8
1 9...I
1
!
23676.
23767.
23506.
|
69.3
21. . . I
1
1
23906.
23597.
23116.
!
2 8 ...I
63.8
I
!
5... |
23889.
23531.
23922.
|
69.6
1
!
23997.
29066.
1 2 ___ |
23923.
!
65.2
!
1
23838.
23889.
23653.
|
19...|
69.7
I
1
2
3
9
6
7
.
26... |
29021.
69.6
23589.
|
1
!
23979.
23858.
2... |
23679.
!
69.5
!
!
23960.
2
3
8
6
9
.
9... |
6
5.0
2
3
5
8
9
.
|
1
1
23639.
23763.
69.7
1 6 ...|
23381.
|
1
1
23773.
23726.
23300.
!
69.7
2 3 -----1
1
1
30.•. |
23975.
23929.
69.1
23215.
t
!
1
6... f
23925.
23896.
23593.
|
65.0
1
!
29039.
13...|
23969.
23653.
|
65.2
!
1
29316.
29210.
20. . . I
65.3
23908.
|
1
1
27...!
29212.
29138.
29001.
|
69.9
1
1
9...)
29692.
29998.
65.5
29229.
|
1
1
29399.
29259.
29150.
|
11. . . |
65.8
I
1
25029.
29813.
18...|
29968.
|
66.9
!
1
2 5...!
2
9
9
9
1
.
29599.
2
9
3
5
9
.
|
65.7
!
1
29705.
29625.
29919.
|
1
|
65.6
1
1
29759.
29622.
2
9
9
2
9
.
|
6
6. 3
8...*
1
!
29537.
29181.
|
1 5...|
29699.
66.3
1
1
29995.
29901.
f
66.9
22...!
29622.
1
1
29539.
29279.
|
29...|
29658.
66.5
1
1
29753.
6...!
29890.
29552.
f
66.9
1
1
29589.
29377.
(
67.1
29710.
13...|
1
1
25018.
2 0 ___ |
25203.
29936.
I
67.7
1
»
27.... |
25392.
2S687.
25295.
t
68.5
!
1

...

B IL L IO N S
!

MEMBER

BANK

D EP O SITS
1

!

TOTAL

255.7
253.8
252.1
252.1
252.8
253.2
252.2
251.9
252.0
252.9
253.5
258.0
257.1
257.1
257^7
259.1
259.2
259.8
259.9
259.2
257.8
257.6
259.0
259.6
269.0
261.6
269.1
269.9
266.5
266.0
266.9
266.9
266.0
265.6
269.9
267.8
268.7
270.9
270.8
272.9
272.3
279.9
279.0
279.9
279.9
273.9
279.9
279.9
275.8
275.2
278.6
28c P

SUBJECT
P R IV A T E

| T I M E A ND
|
S A V IN G S
f

|
t
|
|
!
|
1
|
|
!
!
|
1
|
|
|
!
|
|
|
(
!
|
!
|
!
!
!
!
|
!
|
!
t
|
I
1
!
|
!
|
|
!
|
I
|
1
|
!
|
|
1

OF DOLLARS

|“ “ 1 2 9 7 5
|
130.0
!
130.8
I
131.9
|
132.8
|
133.9
|
133.9
!
139.3
|
134.6
!
135.4
|
136.2
|
136.5
!
137.0
!
137.5
|
137.9
I
137.8
|
138.0
|
138.3
!
138.8
|
139.3
!
139.8
|
140.3
I
140.7
|
141.3
|
141.2
|
141.5
|
142.2
|
142.3
|
143.1
|
143.5
|
144.1
|
144.8
1
145.1
|
145.4
|
145.8
|
146.1
|
146.2
|
145.8
|
146.0
!
196.4
|
146.7
|
147.0
|
147.1
|
147.4
!
147.4
I
197.5
|
197.5
|
197.9
|
148.0
!
148.3
(
148.0
;
v > e.o

I
|
I
|
|
|
I
|
I
|
1
|
I
1
t
|
1
|
I
|
!
I
1
|
|
|
I
|
|
|
1
|
1
!
|
1
!
I
|
;
1
I
I
|
!
|
t
|
!
|
!
|

TOTAL
121.8
119.9
118.9
116.2
116.0
115.1
114.1
113.3
112.9
113.4
114.7
116.7
114*0
115.4
116.5
118.1
115.7
115.4
113.5
114.0
112.3
113.0
115.4
116.5
118.5
115.5
117.4
117.8
117.9
116.5
117.9
117.3
117.5
116.4
116.4
118.1
119.8
120.5
118.6
120.4
121.0
121.8
120.6
121.2
122.4
122.3
122.4
122.0
123.6
124.2
126.5
126.2

TO R E S E R V E

R E Q U IR E M E N T S

DEMAND D E P O S I T S

I

NET
IN T E R B A N K

!
|
!
|
!
|
|
|
|
|
!
|
|
!
|
|
|
!
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
!
|
I
|
|
!
|
!
|
|
|
(
|
{
|

8.9
8.9
8 .0
7.5
7.4
7.8
7.6
7.8
7.4
7.5
7.5
7.6
7.1
7.7
8 *2
8 .0
7.7
7.5
7.4
7.2
7.3
6.9
8. 1
7.8
7.8
7.8
8 .1
8.7
7.9
7.7
7.5
8 .2
7.9
7.9
7.5
8 .1
8 .6
8.3
8 .0
8.5
8.9
9.0
8.4
7.9
8.7
8 .6
8.9
8.7
8, 3
8.7
8 .6
8 .6

OTHER
112.9
1 1 1 .0
110.9
108.7
108.6
107.4
106.5
105.5
105.4
105.8
107.2
109.1
107.0
107.7
108.3
1 1 0 .1
108.0
107.9
106.1
106.8
105.0
106.1
107.3
108.6
1 1 0 .8
107.7
109.3
109.1
1 1 0 .0
108.8
110.4
109.1
109.6
108.5
108.9
1 1 0 .0
1 1 1 .1
1 1 2 .2
1 1 0 .6
1 1 2 .0
1 1 2 .1
1 1 2 .8
1 1 2 .2
113.3
113.7
113.6
113.4
113.3
115.3
115.4
117.9
117.6

1

|

O .S.
GOVT
DEMAND

1
|
|
I
|
|
|
I
|
|
!
|
|
|
1
|
|
|
|
f
|
|
|
|
!
|
|
(
|
|
!
|
|
|
|
|
|
|
!
|
|
|
|
|
!
1
!
|
|
|
!
|

4.5
3.9
2.4
4.0
4.0
4.7
4.1
'4 . 4
4.6
3.7
2 .6
4.8
6 .1
4.2
3.4
3.1
5.5
6 .0
7.1
6 .0
5.8
4.3
2 .8
1.9
4.2
4.6
4.5
4.2
5.5
5.9
4.8
4.9
3.3
3.8
2.7
3.7
2.7
4.1
6 .2
5.5
4.7
6 .2
6.3
5.7
5.0
3.6
5.1
4.5
4.2
2.7
4.2
6.5

TABLE 4
AGGREGATE RESERVES AMD HEHBER BANK DEPOSITS

NOT SEASONALLY ADJOSTED

1966




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
HAR
HAS
HAR
HAR
H AS
APR
APR
APR
APR
HA Y
HAY
HA Y
HAY
JDN
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

M IL L IO N S OF DOLLARS
I
I
|DEPO SITO RY IN S T IT O T IO N S R E S E R V E S
I
I
NONI
BORROWED
TOTAL
R EQ O IR E D
1
\
1
23270.
22951.
5... |
22708.
22544.
12... |
23232.
22642.
22467.
22259.
19...|
22249.
22146.
22451.
26...1
22099.
22190.
22538.
22120.
2... j
22323.
21820.
21979.
9... 1
22153.
21700.
21816.
16...1
21708.
22106.
21586.
23... |
21823.
22116.
21652.
2... |
21685.
22045.
21431.
9... |
21758.
16... I
22121.
21585.
22025.
22396.
21794.
23...|
22176.
21888.
30...|
21668.
2
1
7
3
5
.
2
2
3
5
8
.
2
2025.
6... |
22402.
22042.
13...!
21799.
22627.
22254.
20. . . 1
21942.
27...1
22615.
22235.
21973.
4.. . 1
22735.
22118.
22449.
22593.
22253.
21913.
1 1 ...1
18.•• |
22475.
22156.
21812.
25...|
22241.
21927.
21588.
22368.
21556.
21932.
1... |
8... |
22204.
21657.
21997.
1 5 ___ |
22330.
21865.
21542.
22437.
22. . . |
22719.
22028.
2
2477.
29... |
22936.
22165.
6.. . 1
23173.
22823.
22346.
13... |
22528.
22434.
23252.
20... |
22764.
22935.
22304.
27...|
22947.
22267.
22671.
22987.
3... |
22634.
22209.
1 0 ...1
22878.
22417.
22096.
1 7 . . .|
22606.
22329.
21876.
22454.
24... \
21735.
22080.
22641.
3 1...|
21950.
22277.
7...1
22659.
21910.
22322.
1 4 . . .|
23231.
22727.
22343.
C3751.
23159.
21... |
22980.
28... 1
23133.
22483.
23066.
5 ... |
23614.
23300.
22786.
1 2 . . .|
23358.
22430.
22945.
19...1
23318.
22829.
22528.
26... |
23267.
22749.
23120.
2... |
23380.
22786.
23101.
9...J
23355.
22709.
22977.
16...1
23354.
22807.
22643.
23... |
22923.
22484.
22739.
30... |
23226.
22766.
22590.
7... |
23188.
22739.
23007.
14... |
23518.
22871.
23008.
23892.
23420.
21... I
23688.
2 8 . --1
2416*.
23617.
23728.

B IL L IO N S
HEHBER
HONETARY
BASE

BANK

D E P O SIT S
I

TOTAL

245.7
243.9
242.5
241.9
241.9
240.8
240.0
239.6
240.1
239.7
240.3
242.4
241.6
242.8
243.5
245.4
245.5
246.8
245.9
245.8
244.2
244.2
244.9
243.5
247.5
247.9
250.5
249.2
248.8
247.5
247.1
245.9
245.7
244.0
245.1
245.4
245.8
248.0
247.3
248.3
246.4
245.9
247.0
246.7
246.2
245.2
244.5
244.3
245.9
246.2
250.7
251.5

SOBJECT
P R IV A T E

| T I H E AN D
|
SA V IN G S
I

61.3
61.3
60.1
59.8
59.8
60.0
59.7
59.5
59.4
59.8
59.8
60.1
59.7
60.2
60.6
60.5
60.3
60.5
60.8
60.6
60.2
60.5
60.7
60.9
61.2
61.2
62.1
62.4
61.9
61.7
61.8
62.1
61.7
61.4
61.3
61.9
62.5
62.8
61.9
62.6
62.8
62.6
62.3
62.4
63.0
63.1
62.7
63.0
63.3
63.8
64.3
64.7

OF D O L L A R S

|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
9
|
|
|
I
|
|
|
|
1
|
|
|
|
I
1
|
|
|
|
\

120.7
120.9
121.4
121.9
122.0
122.1
122.4
122.6
122.8
123.3
123.5
123.6
124.3
124.8
125.2
125.3
125.8
126.1
126.5
126.8
127.1
127.4
127.6
126.8
126.5
127.1
127.7
128.2
128.5
128.8
128.8
128.9
129.3
129.4
129.5
129.3
129.2
128.6
128.8
128.7
128.6
128.5
128.0
127.8
127.6
127.2
127.0
127.0
127.3
127.5
127.6
128.5

r~
|
|
|
I
|
I
|
1
|
I
|
|
|
|
I
|
I
|
9
|
9
I
|
|
|
9
|
|
1
|
9
|
|
|
9
|
|
|
|
9
|
|
9
9
9
|
I
|
t
I
|

TOTAL
?2073~
119.6
119.0
116.8
116.2
114.8
113.6
111.6
112.5
112.8
114.6
113~9
112.3
113.8
116.3
118.9
117.0
115.2
113.6
112.0
110.2
110.4
112.3
114.0
116.4
111.9
113.1
113.0
114.2
112.4
113.1
111.7
112.2
110.8
111.0
112.1
113.9
116.8
112.9
113.6
113.8
114.6
114.1
114.6
114.6
115.3
114.8
114.2
115.6
116.8
121.1
118.3

TO R E S E R V E

R E Q O IR B H E N T S

DEHAND D E P O S I T S

NET
9
| IN T ER B AN K
I
8 .2
I
8.7
9
8 .1
I
7.6
I
7.4
I
7.5
9
7.3
1
7.5
1
7.4
1
7.6
1
7.7
1
7.6
9
7.4
1
7.8
9
7
.9
9
7.8
9
7.5
1
7.4
1
7.7
1
7.2
1
7.0
1
7.1
9
7.5
1
7.5
1
7.5
9
7.3
1
8 .0
8 .6
9
7.9
1
7.6
9
7.3
1
7.7
1
7.6
1
7.2
9
7.0
1
7.4
1
7.9
1
7.9
1
7.5
1
7
.5
9
8 .1
1
8 .0
1
7.5
1
7.3
1
7.9
1
8.3
1
7.8
1
7.7
1
7
.6
I
7.9
1
7.8
1
7.9
9

OTHER
1 1 2 .0
1 1 1 .0
110.9
109.2
108.8
107.4
106.3
104.1
105.1
105.2
107.0
106.3
104.9
106.0
108.4
1 1 1 .1
109.6
107.8
105.9
104.7
103.2
103.3
104.8
106.5
108.8
104.7
105.1
104.4
106.2
104.8
105.8
104.0
104.7
103.7
104.0
104.7
106.0
108.9
105.5
106.1
105.7
106.6
106.5
107.3
106.7
107.0
106.9
106.4
108.0
108.9
113.3
110.4

|

|

O .S.
GOVT
DEHAND

|
9
|
|
9
|
|
|
|
|
9
|
|
|
9
9
|
J
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9
|
|
|
f
|
|
|
9
9
|
|
|
9
|
1
9
|
|
|

4.7
3.3
2 .1
3.3
3.7
3.9
4.0
5.5
4.9
3.6
2 .2
4.9
5.0
4.2
2 .1
1 .1
2 .6
5.4
5.9
7.0
6.9
6.4
5.1
2.7
4.6
8 .8
9.7
8 .0
6 .1
6.3
5.2
5.3
4.2
3.8
4.6
4.1
2.7
2 .6
5.6
6 .0
4.0
2.7
5.0
4.2
4.1
2.7
2 .8
3.1
3.1
1 .8
1.9
4.7

TABLE 4
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
B I L L I O N S OP D O L L A R S
!
!
1
1D EPO SITO R Y IN S T IT U T IO N S R ESERVES!
i
HONETARY
1
NONBASE
1
BORROWED
R EQ U IR E D |
TOTAL
1
1
1965




JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
BAR
BAR
BAR
BAR
BAR
APR
APR
APR
APR
N AY
HAY
HAY
H AY
JON
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AUG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
O CT
O CT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

22201.
6.. . |
21843.
13...!
2 0 ...1
21440.
2 7...!
21258.
3 . . . I - 21401.
10. . . I
21312.
17...|
21051.
21187.
24... |
21142.
3...I
1 0 . , .|
21062.
17...|
21168.
24...|
21512.
21364.
31...|
7... |
21501.
14...|
21289.
21722.
21...!
21403.
28...|
5 ...|
21745.
12. . . |
21465.
19...!
21445.
2 6...!
21368.
2...I
21417.
9...I
21367.
16...|
21649.
23...!
22057.
30...|
21893.
7 ... |
22168.
14...|
22106.
21... |
21663.
28...f
21594.
4... |
21783.
1 1 -----1
21600.
18...|
21514.
25... |
21521.
21574.
1. . . 1
8...|
21411.
15...J
21585.
22. ..!
22114.
29...|
21911,
6... i
22052.
1 3...!
21705.
20. . . |
22274.
27...|
21840.
3... |
22111.
10. . . |
21904.
1 7 ___ |
21877.
2 4 ...|
21750.
1... I
22192.
8...!
22334.
15...!
22463.
22...!
22804.
23080.
29... |

21892.
21419.
21163.
21055.
21123.
20840.
20698.
20667.
20872.
20677.
20798.
21049.
20877,
20931.
20892.
21150.
21058.
21267.
20967.
20945.
20885.
20899.
20893.
21038.
21474.
21407,
21586.
21486.
21238.
21115.
21239.
20984.
21023.
20976.
21037.
20928.
21027.
21487.
21358.
21516.
21210.
21683.
21502.
2*625.
21570.
21388.
21389.
21658.
21856.
21977.
22586.
22534.

21854.
21252.
21051.
20917.
21017.
20816.
20729.
20648.
20922.
20694.
20840.
21051.
20996.
21126.
21011.
21248.
21162.
21411.
21116.
21102.
21058.
21086.
21065.
21247.
21642.
21555.
21820.
21574.
21469.
21272.
21397.
21177.
21185.
21110.
21141.
21039.
21118.
21679.
21554.
21609.
21405.
21781.
21643.
21730.
21475.
21561.
21514.
21767.
21873.
21898.
22570.
22617.

!
|
|
I
|
|
|
|
|
|
|
!
|
|
|
!
!
1
|
!
|
|
|
(
|
|
!
|
!
!
|
I
|
|
!
|
!
|
|
|
|
|
|
!
|
!
|
|
|
|
|
|

58.1
57.5
56.8
56.3
56.5
56.7
56.3
56.4
56.3
56.6
56.6
56.9
56.5
57.1
57.0
57.3
56.6
57.2
57.2
57.1
56.9
57.2
57.5
57.7
58.0
57.7
58.7
58.7
58.1
57.8
58.1
58.3
58.2
58.0
57.9
58.3
58.3
58.8
58.5
59.0
58.9
59.4
58.8
59.2
59.4
59.5
59.4
60.0
60.5
60.7
61.2
61.4

B IL L IO N S
!

HEHBER

BANK

D EP O SITS

OF D O L L A R S
S U B J E C T TO R E S E R V E
P R IV A T E

)

TOTAL

! T I N E AND
|
SA V IN G S
TOTAL

1
|
|
(
|
!
|
|
|
|
|
|
|
|
|
!
|
|
|
|
|
|
1
|
|
|
!
1
!
|
|
|
|
|
!
|
|
|
!
!
|
1
!
!
|
t
|
|
|
|
I
|

226.1
223.0
222.3
221.7
222.3
221.6
221.3
221.2
222.9
221.8
223.0
224,7
224.2
225.2
224.9
226.7
226.4
228.0
226.6
226.9
226.5
226.8
227.1
228.5
231.3
230.6
232.7
231.5
231.4
230.0
230.9
230.0
230.4
230.0
230.3
230.1
230.8
234.5
233.7
234.4
233.9
236.7
235.9
236.5
235.2
235.9
235.7
237.5
238.0
238.4
242.9
243.3

!
|
|
|
|
|
|
|
|
!
|
!
|
|
|
!
|
|
|
t
!
|
|
|
!
|
|
|
!
!
|
!
|
|
!
|
!
|
I
!
|
|
!
!
|
\
»
i

I
!
|
|

104.3
105.2
105.8
106.5
106.9
107.5
107.9
108.2
108.5
109.0
109.4
109.4
109.8
110.1
110.4
110.4
110.8
111.1
111.4
111.7
111.9
112.3
112.5
112.8
112.7
113.1
113.4
113.8
114.2
114.6
115.0
115.3
115.6
116.0
116.4
116.7
116.8
116.2
116.8
117.6
118.2
118.5
118.8
118.9
1 1 r\ .G
119.0
119.1
119.4
119.6
119.8
119.6
120.0

116.1
114.3
113.9
111.7
1 1 1 .2
109.9
108.8
106,6
108.5
108.2
109.6
107.9
106.8
108.7
110.4
112.4
110.4
109.1
107.5
106.0
104.9
105.8
107.4
109.3
109.5
107.3
108.4
109.5
109.7
108.6
109.2
108.7
107.9
106.8
107.7
108.5
111.5
113.2
1 1 0 .0
1 1 1 .2
1 1 2 .0
113.1
1 1 2 .8
113.7
113.6
114.0
113.0
113.1
114.2
116.5
119-5
118.0

DEHAND

D EP O SITS

NET
| IN T E R B A N K
!
|
|
|
|
|
|
|
|
|
|
!
|
|
I
|
|
|
|
|
|
|
|
|
!
|
|
|
|
|
|
!
|
|
|
|
!
|
|
|
|
|
|
|
(
|
|
|
!
!
!
|

8 .0
8 .0
7.5
7.0
6 .8
7.1
7.0
6.9
6 .8
7.0
6 .8
6.9
6.7
7.1
7.3
6.9
6 .8
6.5
6 .8
6.5
6.3
6.4
7.1
6.7
7.0
6 .6
7,4
7.5
7.1
6.7
6.5
7.2
6.9
6 .8
6.7
7.3
7.7
7.6
7.2
7.6
7.9
7.8
7.3
7.4
8 .0
8 .1
7.6
7.5
7.6
7.7
8 .1
7.9

R E Q U IR E H B N T S

OTHER
108,1
106.3
106.3
104.7
104.4
1 0 2 .8
101.7
99.6
1 0 1 .8
1 0 1 .2
1 0 2 .8
1 0 1 .0
1 0 0 .1
1 0 1 .6
103.2
105.5
103.6
1 0 2 .6
1 0 0 .8
99.5
98.6
99.5
100.3
1 0 2 .6
102.5
1 0 0 .6
1 0 1 .0
101.9
1 0 2 .6
101.9
102.7
101.5
1 0 1 .0
1 0 0 .0
1 0 1 .0
101.3
103.9
105,6
1 0 2 .8
103.7
104.0
105.3
105.5
106.3
105.5
106.0
105.4
105.6
106.6
108.8
111.4
1 1 0 .0

1

|
|
|
!
|
|
|
|
|
|
|
|
I
!
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
1
|
I
|
|
!
|
!
|
|
|
|
|
|
1
|
!
|

o.s.
GOVT
DEHAND
577““
3.6
2 .6
3.4
4.2
4.2
4.7
6.4
5.9
4.6
4.0
7.4
7.6
6 T4
4;i
3.9
5.3
7.8
7.6
9.3
9.7
8.7
7.2
6.4
9.1
10.3
1 0 .8
8,3
7.5
6.9
6.7
6 .0
6 .8
7.2
6 .2
4.9
2.5
5.0
6.9
5.6
3.7
5.2
4.4
3.9
2.7
2.9
3.6
5.1
4.2
2 .2
3.8
5.3

TABLE 4
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
B I L L I O N S OP D O L L A R S
|
1
1
| D EPO SITO RY IN S T IT U T IO N S R E S E R Y E S I
1
HONETABT
1
1
BASE
NON1
1
TOTAL
BOBBONED 1 R E Q O I R E D |
1
1
1
964




JAN
JAN
JAN
JAN
JAN
PEB
FEB
PEB
PEB
NAB
NAB
N AB
NAB
APB
APR
APB
APB
APB
HAT
N AT
NAT
HA T
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOT
NOT
NOT
NOT
DEC
DEC
DEC
DEC
DEC

1... 1
8... |
1 5...|
22. . . |
2 9 . . .|
5...|
1 2 ...1
1 9 . . .|
26...|
4...1
1 1 ...|
18...|
25...|
1...I
8... |
1 5...|
22. . . |
29...1
6 . •. |
13...1
20... |
2 7 . . .|
3... |
10. . . |
1 7...|
24... |
1. . . |
8 ...1
1 5 . . .|
22... |
29... |
5...1
1 2 . . .|
19...|
26... |
2...|
9 ... |
16...|
2 3 . . .|
30... 1
7... 1
14...1
21. . . |
2 8 . . .|
4 ...1

11. . . |
18... |
25...|
2 ...1
9 ... |
1 6 . . .|
2 3 . . .|
30.•. |

21457.
21169.
2,0905.
20463.
20200.
20220.
20178.
20171.
20036.
20183.
19978.
20213.
20510.
20309.
20350.
20368.
20323.
19966.
20277.
20305.
20304.
20114.
20194.
20186.
20616.
20727.
20845.
20805.
20994.
20429.
20325.
20550.
20597.
20583.
20611.
20531.
20679.
20739.
21256.
21140.
21259.
20985.
21001.
20769.
21210.
21015.
21315.
21059.
21376.
21142.
21387.
21841.
2 1991.

20899.
20805.
20544.
20299.
20023.
19978.
19811.
19880.
19836.
19821.
19725.
19855.
20231.
20154.
20142.
20178.
20004.
19831.
20066.
19991.
20006.
19906.
19930.
19897.
20289.
20495.
20624.
20542.
20534.
20270.
20146.
20290.
20221.
20305.
20282.
20216.
20201.
20514.
20847.
20862.
20889.
20746.
20621.
20539.
20734.
20588.
20725.
20900.
21001.
21020.
21253.
21584.
21487.

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
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
1
1
1

20663.
20701.
20305.
20174.
19827.
19854.
19776.
19751.
19683.
19693.
19664.
19838.
20002.
20037.
19928.
20069.
19882.
19698.
19988.
19892.
19896.
19783.
19899.
19857.
20161.
20376.
20443.
20514.
20422.
20151.
19957.
20209.
20123.
20192.
20140.
20133.
20182.
20372.
20775.
20752.
20826.
20575.
20574.
20465.
20769.
20646.
20724.
20801.
20987.
20852.
20999.
21444.
21429.

|
|
|
|
|
|
|
|
|
1
|
|
|
1
|
|
|
|
1
1
|
1
|
|
|
|
|
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

55.4
55.1
54.5
53.9
53.2
53.4
53.6
53.5
53.2
53.4
53.6
53.8
54.0
53.8
54.2
54.2
54.1
53.5
54.1
54.3
54.3
54.0
54.3
54.6
55.0
55.0
55.1
55.7
55.8
55.1
54.8
55.2
55.6
55.4
55.3
55.2
55.9
55.7
56.1
55.7
56.3
56.2
56.1
55.7
56.3
56.6
56.9
56.6
57.1
57.2
57.4
58.0
58.2

B IL L IO N S
|

BERBER

BANK

D E P O SIT S

OP D O L L A R S
SUBJECT
P R IT A T E

|

TOTAL

T I N E AND
S A Y IN G S
TOTAL

1
|
|
|
1
|
|
|
|
|
|
I
|
1
|
I
|
1
|
1
|
|
|
|
|
I
|
|
|
|
1
|
|
|
|
|
|
|
1
I
|
I
|
|
|
1
|
|
|
|
|
|
|

208.7
209.6
207.4
206.9
204.7
204.8
204.8
204.9
204.4
204.5
204.6
205.9
207.2
207.2
206.8
207.9
207.1
206.0
207.8
207.5
207.9
207.2
208.0
208.0
210.1
211.7
211.9
212.6
212.3
210.9
209.6
211.1
210.9
211.7
211.3
211.3
212.0
213.4
216.2
215.9
216.6
215.5
215.8
215.2
217.0
216.7
217.4
217.8
219.2
218.3
219.5
222.7
222.8

91.8
92.5
93.1
93.4
93.7
93.9
94.4
94.6
94.7
95.0
95.3
95.5
95.6
95.8
96.0
96.2
96.2
96.6
96.8
97.1
97.4
97.7
98.0
9G .2
98.3
98.2
98.3
98.6
98.8
99.1
99.3
99.4
99.6
99.8
1 0 0 .0
100.3
100.5
100.5
1 0 0 .2
100.7
1 0 1 .1
101.5
1 0 1 .6
101.9
1 0 2 .0
1 0 2 .1
1 0 2 .1
1 0 2 .2
102.3
1 0 2 .6
102.9
103.0
103.4

1 1 1 .1
111.4
1 1 0 .6
1 1 0 .8
108.5
107.8
107.2
105.7
104.4
104.5
105.3
106.4
104.7
104.3
105.5
107.2
108.9
106.8
105.9
104.9
103.8
1 0 2 .6
103.5
104.2
106.2
105.5
104.5
105.5
106.1
107.0
106.1
106.4
106.4
105.7
104.8
105.7
106.5
109.3
109.1
106.9
108.1
109.0
1 1 0 .1
109.6
110.4
110.5
110.5
109.5
110.5
110.9
113.4
114.7
113.5

TO R E S E R Y E

R B Q U IR EN M T S

DBHAND D E P O S I T S

|
NET
|
| IN T ER B AN K |
1
1
|
7.6
|
7.9
|
7.6
|
7.4
|
6 .8
|
6 .8
|
7.0
|
6.9
6.7
|
|
6 .6
|
7.2
|
6.9
|
6 .8
6.4
|
|
7.2
|
7.2
|
7.2
|
6 .6
6 .6
|
|
6 .8
|
6 .6
|
6.4
|
6.3
|
6 .8
|
6 .6
1
6.7
|
6 .6
|
7.3
|
7.0
7.1
|
|
6 .6
|
6.5
|
7.1
|
7.0
1
6 .8
|
6.7
1
7.1
|
7.3
|
7.3
|
6 .8
|
7.3
7.4
|
|
7.6
7.0
|
|
7.3
|
7.8
|
7.4
|
7.3
|
7.4
|
7.3
|
7.1
|
7.5
|
7.5

OTHER
103.5
103.4
103.0
103.4
101.7
1 0 1 .0
1 0 0 .2
98.9
97.8
97.9
98.1
99.5
97.8
97.9
98.3
1 0 0 .0
1 0 1 .8
1 0 0 .2
99.3
98.1
97.2
96.2
97.2
97.4
99.7
98.8
97.9
98.2
99.1
9 9 .9

99.5
99.8
99.3
98.7
98.0
99.0
99.4
101.9
1 0 1 .8
1 0 0 .1
1 0 0 .8
1 0 1 .6
102.5
102.5
103.2
102-7
103.1
102.3
103.2
103.6
106.3
107.2
105.9

|
|
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
1
|
|
|
|
|
1
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|

U .S.
GOTT
DBHAND
57”
5.7
3.7
2.7
2.5
3.1
3.2
4.7
5.2
5 .0

4.0
4.0
6.9
7.0
5.3
4.5
2 .0
2 .6
5.1
5 .5

6 .8
6 .8
6.4
5 .5

5.6
8 .0
9.1
8 .6
7.4
4.9
4.1
5.3
4.9
6 .2
6.5
5 .3

5.0
3.6
6 .8
8.3
7.5
5 .0

4.1
3.7
4.6
4.0
4.8
6 .1
6.3
4.8
3.1
5.0
5 .9

TABLE 4
AGGREGATE RESERVES AND HENBBF BANK DEPOSITS

MOT SEASONALLY ADJUSTED

1963




J*»
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
RAN
NA B
RAF
RAB
APB
APB
APB
APB
RAY
HA Y
HA Y
RAY
HAY
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NO?
NO T
NO?
NOY
DEC
DEC
DEC
DEC

B I L L I O N S OF DOLLARS
|
I
I.
|D EPO SITO R Y IN S T IT O T IO N S RESERVES|
1
HONETARY
I
1
BASE
NONI
1
BOBBONED 1 R E Q U IR E D |
TOTAL
1
1
1
—
1
53.0
20365.
20045.
|
21079.
2 ...1
1
9...|
19858.
|
52.2
20296.
20233.
1
16... |
20021.
19579.
|
51.7
20100.
1
19429.
|
51.3
23...|
19915.
19745.
1
50.7
30...|
19611.
19512.
19180.
|
1
6...|
19684.
19227.
|
19461. • 1
51.0
13...1
19624.
51.1
19459.
19121.
|
1
19087.
|
2 0 . . .|
19512.
19355.
50.9
1
2 7 . . .|
19010.
|
50.8
19477.
19348.
1
19121.
|
51.0
19517.
6 ...1
19375.
1
19285.
18933.
|
51.1
13...|
19422.
1
20. . . |
19445.
51.2
19502.
19132|
1
27...|
19598.
19357.
19135.
|
51.1
1
3...|
19434.
19608*
19154.
|
51.2
1
1 0 . . .|
19371192 84.
18997.
|
51.4
1
17... |
19690.
19533.
19157.
|
51.7
1
24...1
51.4
19572.
19216.
|
19729.
1
1
9
6
4
4
.
1...I
19550.
19244.
|
51.2
1
8 ...1
19715.
19605.
1
9
3
5
4
.
1
51.7
1
19201.
|
51.7
19660.
19461.
1 5 . . .|
1
19402.
22. . . |
19683.
51.7
19230.
|
1
2 9 ...|
19599.
19333.
51.4
19122.
|
1
19438.
19222.
19098.
|
51.7
5...1
1
19428.
19180.
1 2 . . .|
19009.
|
51.9
1
1 9 . . .t
19796.
19512.
19298.
|
52.2
1
26...|
19818.
20052.
196731
52.3
1
3...|
20242.
19810.
|
52.8
19913.
1
1 0 . . .|
20093.
19770.
19630.
|
53.1
1
17...|
19577.
|
20172.
19772.
52.9
1
2 4 . . .|
19928.
19616.
19457.
|
52.6
1
3 1 . . .|
19648.
19505.
19351.
1
52.1
1
7... |
19515.
52.7
19913.
1
9
4
3
1
.
|
1
1 4 . . .|
19709.
19357.
1
9
2
3
6
.
|
5
2.6
1
19654.
19360.
21... |
19252.
|
52.5
1
19554.
28... |
19280.
19146.
|
52.2
1
4...|
19684.
19359.
19204.
|
52.5
1
19814.
19460.
19313.
|
52.9
1 1 ...1
1
18...|
19900.
19707.
19552.
|
52.8
1
25... 1
20200.
19812.
19740.
|
52.9
1
20177.
19834.
2...|
19825.
|
52.9
1
9. • • |
20192.
19800.
19757.
|
53.4
1
16...1
19989.
19680.
19603.
|
53.1
1
23...|
19581.
19942.
19513.
|
53.0
1
30...1
19755.
19556.
1
9
4
0
7
.
|
5
2.6
1
6...J
20166.
19737.
|
53.4
19762.
1
13...|
20065.
19765.
19634.
|
53.7
1
20. . . |
19744.
1
20250.
19819.
53.8
1
27...1
20035.
19835.
19700.
1
53.6
1
4...|
20320.
19813.
19734.
|
54.3
1
19994.
19879.
19804.
|
1 1 ...1
54.2
1
18...1
20680.
2040820188.
|
54.8
1
25...1
20684.
21001.
20527.
|
55.3
1

B IL L IO N S
HENBER

TOTAL

195.5
194.7
193.1
192.5
190.6
191.0
190.8
190.9
190.4
191.3
190.4
192.0
192.1
192.3
191.7
192.9
193.6
193.6
194.5
193.9
194.5
193.7
193.6
193.3
195.4
197.9
199.0
198.2
197.9
197.3
196.5
197.1
196.2
196.7
195.9
196.4
197.5
199.3
200-5
2 0 1 .0
200.9
2 0 0 .2
199.9
199.3
201.5
2 0 1 .1
2 0 2 .1
2 0 1 .8
2 0 2 .2
2 0 2 .6
205.3
207.7

BANK D E P O S IT S

T I R E AN D
S A Y IN G S

80.0
80.3
80.7
81.0
81.3
81.6
81.9
82.2
82.4
82.8
83.4
83.7
83.9
84.2
84.5
84.5
84.6
84.9
85.1
85.4
85.7
85.9
8 6 .1
8 6 .2
86.3
86-4
8 6 .8
8 6 .8
87.1
87.2
87.5
87.8
8 8 .1
88.3
88.5
8 8 .8
88.9
89.0
88.9
89.3
89.5
89.7
904 0
90.4
90.5
90.5
90.5
90.8
90.9
91.2
91.4
91.3

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
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
1
1
1
1
1
1
1

OF D O L L A R S
SOBJECT
P R IY A T E

TOTAL
109.3
109.0
108.6
107.7
105.7
105.2
104.6
103.3
1 0 2 .0
1 0 2 .8
103-0
103-9
1 0 1 .8
101.9
103.2
105.6
105.8
104.6
103.4
102.9
101.5
1 0 1 .1
101.4
102.9
103.9
1 0 2 .2
102.5
103.1
104.1
104.2
103.7
103.7
103-4
1 0 2 .2
1 0 1 .6
102.3
104.1
105.9
104.4
103*8
104.4
105.7
106.3
106.2
107.3
107.5
107.6
106.8
107.3
108.1
110.4
110.5

TO B E S E R Y E
DEHAND

R EQ O IR E H EN T S

D EP O SIT S

|
NET
|
| IN T E R B A N K !
i
1
|
7.6
|
8 .2
|
7.8
|
7.5
|
6.9
6 .8
|
7.0
|
7.0
|
|
6 .8
|
6 .8
|
6 .8
|
6 .8
|
6 .6
|
6 .8
|
7.2
|
6 .8
f
6.9
|
6.5
1
6.7
|
6.7
|
6 .8
|
6 .2
|
6.4
6.9
|
|
6 .8
|
6 *6
|
6.9
|
7.4
|
7*0
6.9
|
1
6.4
|
6.7
|
6 .8
6 .8
|
|
6.5
|
6.3
|
7.2
|
7.0
7.0
|
6.9
|
|
7.3
7
.3
|
7.4
|
6.9
|
1
7.2
7.5
|
7.5
|
7.1
|
7.2
|
7.4
|
|
7.3
7.5
|

OTHER
101.7
1 0 0 .8
1 0 0 .8
1 0 0 .2
98.9
98.3
97.5
96.3
95.2
96.0
96.2
97*2
95.2
95-1
96.0
90.8
98.9
98.2
96.7
96.2
94.8
94.8
95.0
96.0
97.1
95.6
95.6
95.6
97.1
97.4
97.2
97.0
96.6
95.4
95.1
95.9
96.9
98.9
97.4
96.9
97.2
98.4
98.9
99.3
1 0 0 .1
1 0 0 .0
1 0 0 .1
99.7
1 0 0 .1
100.7
103.1
103.1

|
|
|
1
|
|
|
|
|
|
|
|
I
|
|
1
1
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|

O .S.
GOYT
DERAND
6 .2
5.4
3.8
3.7
3.6
<1.3
4.3
5.5
5.9
5.7
4.0
4.4
6.5
6 -2
4.0
2 .8
3.2
4*2
6 *0
5.6
7.3
6.7
6 .0
4.1
5.2
9.3
9.6
8.3
6 .8
5.8
5.3
5.6
4.8
6 .1
5.8
5-3
4.5
4.4
7.2
7.9
6.9
4.8
3.6
2.7
3.7
3.2
4.1
4.2
4.0
3.3
3.6
5.8

TABLE 4

AGGREGATE RESERVES AND HEHBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
M I L L I O N S OF D O L L A R S
1
1
|DEPO SITO RY IN S T IT U T IO N S R E S E R V E S
1
\
1
NON1
1
BO RROWED 1 R E Q U I R E D
TOTAL
\
1
1
1962




JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
NAN
HAN
HAN
NAS
APS
APS
APS
APR
HA Y
HAY
HAY
HA Y
HAY
JUN
JON
JDN
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
O CT
OCT
OC T
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

3...)
10. . . |
17...1
24...(
31... |
7...J
14...|
21. . . |
2 8 ...|
7...I
14...|
21. . . |
28... |
4...|
1 1 -----|
18...|
25...|
2... |
9 ... |
1 6 . . .|
2 3 . . .|
30.••t
6... |
1 3...|
2 0 ...1
27...|
4. • • |
11. .. t
18...|
25...|
1. . . I
8...|
1 5 . . .|
22. . . |
29...|
5... |
1 2 . . .|
1 9 ___ 1
2 6 . . .|
3... |
10. . . |
17... 1
24... 1
31...|
7... |
14...|
21. .. |
28,..|
5... |
12. . . \
1 9 . . .|
26. . . 1

20802.
20292.
20056.
19972.
19758.
19698.
19520.
19580.
19485.
19484.
19348.
19665.
19648.
19663.
19504.
19686.
19878.
19868.
19852.
19815.
19831.
19809.
19801.
19638.
20038.
20062.
20240.
20141.
20094.
20002.
19838.
19815.
19813.
20010.
19914.
19839.
19952.
20159.
20191.
20174.
20333.
20306.
20358.
19807.
19559.
19417.
19685.
19630.
19529.
19527.
19953.
2 0 1 ?6.

20461.
20228.
19987,
19928.
19698.
19626.
19450.
19508.
19429.
19394.
19295.
19532.
19562.
19588.
19444.
19611.
19793.
19805.
19806.
19751.
19784.
19723.
19746.
19591.
19914.
19894.
20120.
20086.
19931.
19943.
19768.
19659.
19683.
19854.
19841.
19745.
19875.
20134.
20050.
20111.
20289.
20235.
20302.
19728.
19401.
19273.
19592.
19535.
19437.
19420.
19790.
20018.

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
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

20076.
19682.
19452.
19271.
19227.
19241.
19022.
19047.
18965.
19038.
18870.
19181.
19189.
19146.
19060.
19194.
19328.
19410.
19393.
19328.
19299.
19202.
19289.
19245.
19568.
19569.
19697.
19595.
19532.
19427.
19404.
19325.
19216.
19468.
19379.
19418.
19427.
19643.
19687.
19728.
19854.
19821.
19853.
19353.
19010.
18846.
19078.
19080.
19149.
19081.
19438.
19764.

B IL L IO N S
HEHBER
HONETARY
BASE

BANK

D EP O SIT S

OF DOLLARS
SUBJECT
P R IV A T E

T I N E AND
S A V IN G S

TOTAL

TOTAL
51.7
51.1
50.6
50.2
49.7
49.9
49.8
49.8
49.6
49.9
49.8
50.1
49.9
50.1
50.3
50.4
50.4
50.2
50.6
50.5
50.5
50.3
50.7
50.6
51.0
50.8
51.3
51.6
51.4
51.1
50.8
51.1
51.1
51.3
50.9
51.1
51.3
51.3
51.2
51.2
51.8
51.7
51.6
50.9
51.1
51.1
51.4
51.4
51.4
51.7
52.1
52.7

*"1 8 1 7 5
179.2
178.1
177.2
176.9
177.2
176.2
176.7
176.1
176.9
176.1
178.4
178.5
178.3
178.3
179.3
180.3
180.8
180.9
180.8
180.8
180.1
180.8
180.8
183.2
183.2
184.1
183.8
183.6
183.0
182.5
182.1
181.6
183.6
183.0
183.2
183.7
185.4
185.8
186.1
187.1
187.2
187.6
186.9
187.2
186.4
187.9
188.2
188.4
188.2
190.9
193.4

.

67.4
67.8
68.4
68.7
69.0
69.4
69.8
70.1
70.4
70.9
71.4
71.7
72.1
72.4
72.8
72.8
72.9
73.1
73.3
73.6
73.8
74.1
74.3
74.6
74.7
74.9
75.3
75.5
75.6
75.7
75.8
75.9
76.0
76.2
76.4
76.6
76.6
76.8
76.9
77.2
77.5
77.7
77.9
78.0
78.1
73.2
77.9
78.1
78.4
78.8
79.2
79.5

108.6
107.4
107.0
105.9
104.5
103.6
103.1
1 0 2 .0
1 0 1 .2
101.5
101.9
102.4
100.4
100.5
102^ 3
104.3
104.3
103.4
101.9
101.3
99.7
99.2
1 0 0 .0
101.5
102.4
100.5
1 0 0 .1
1 0 1 .0
1 0 2 .1
101.9
1 0 1 .6
1 0 1 .2
1 0 1 .1
99.8
99.5
99.6
1 0 1 .6
103.1
101.7
101.5
101.7
103.0
103.7
103.8
103.7
104.0
104.1
104.4
104.5
105.5
107.8
108.2

TO R E S E R V E
D EH A ID

D E P O SIT S

NET
IN T ER B A N K
8.4
8.4
7.9
7.5
7.0
7.0
7.2
7.1
6.9
6.9
7.0
7.0
6.9
7.0
7.5
7.2
7.0
6 .8
6 .6
6.4
6.4
6 .1
6.3
6.7
6 .6
6.4
6 .6
7.2
7.1
6.7
6.3
6.5
6 .8
6 .8
6.5
6.3
6.9
6.9
6 .8
6 ,8
7.2
7.3
7.3
6.9
7,2
7.5
7.4
7.3
7.0
7. 1
7.1
7.3

R E Q U IR E M E N T S

OTHER
TooTi
99.0
99.1
98.4
97.6
96.6
95.9
94.9
94.3
94.6
94.9
95.4
93.5
93.5
94.9
97.1
97.3
96.6
95. 3
94.9
93.4
93.1
93.7
94.8
95.8
94.1
93.6
93.8
95.0
95.3
95.3
94.7
94.3
93.0
93.0
93.3
94.7
96.2
94.9
94.7
94.5
95.7
96.4
96.9
96.5
96.6
96.7
97.1
97.5
98.4
100.7
100.9

U .S.
GOVT
DEHAND
5.5
4.1
2.7
2 .6
3.4
4.2
3.3
4.6
4.6
4.4
2 .8
4.3
6 .1
5.5
3.2
2 .2
3.1
4.4
5.7
5.9
7.3
6 .8
6.4
4.7
6 .1
7.8
8 .6
7.3
5.9
5.4
5.2
5.0
4.5
7.5
7.1
7.0
5.4
5.6
7.2
7.3
8 .0
6 .6
6 .1
5.2
5.4
4.2
5.9
5.8
5.5
3.9
4.0
5.8




TABLE 4
AGGREGATE RESERVES AND BERBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
!

1

B IL L IO N S

| D E P O S IT O R Y

B IL L IO N S

OP D O LLARS

IN S T IT U T IO N S

HEHBER

RESERVES

1

HONETARY
BA SE

!

1
1
1
JA N
JA N
JAN
JAN
FEB
FEB
FEB
FEB
HAR
BAR
MAR
HAR
HAR
APR
APR
APR
APR
H AY
H AY
H AY
H AY
H AY
JO N
JU N
JO N
JO N
JO L
JO L
JO L
JO L
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
O CT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
D EC

4. ••|

1 1 . . .|

1 8 ...|
2 5 ... |
1... |
8. . * |
1 5 ...j

2 2 ...1
1. . . |
8. . . |

1 5 ...|

2 2 ...1
2 9 . . .|
5 ...|
12 . . .|
1 9 ...I
2 6 ...|
3 ...1
10. . . |
1 7 ..
2 4 ...|
3 1 ...I
7 ... |
1 4 ...|
21 . .
2 8 ...|
5 ... |
12 . . .|
1 9 ...|
2 6 ... |
2. . . |
9 ...I
1 6 ...!
2 3 ...|
3 0 ...|
6. . . |
1 3 ...I
20. . . |
2 7 ..*|
4 ...|
1 1 -----1
1 8 ___ |
2 5 . . .|
1. . . !
8. • • |
1 5 ...!
22. . . |
2 9 ...|
6. . .|
1 3 ...J
20. . .|
2 7 ... |

TOTAL

19944.
19226.
19292.
19467.
18963.
18948.
18844.
19045.
19014.
18671.
18827.
18955.
18793.
18702.
18782.
19026.
19018.
18808.
18754.
18909.
18917.
18872.
18804.
18844.
19296.
19120.
19086.
19103.
19075.
19007.
19286.
19208.
19197.
19202.
19160.
19114.
19198.
19473.
19519.
19605.
19426.
19804.
19825.
19751.
19671.
19741.
19894.
19942.
19764.
19742.
20234.
20348.

NONBORROW ED

19768.
19175.
19257.
19420.
18897.
18769.
18651.
18938.
18964.
18577.
18778.
18903.
18715.
18595.
18730.
18982.
18981.
18747.
18690.
18736.
18851.
18780.
18742.
18773.
19254.
19039.
19038.
19056.
19020.
18957.
19211.
19085.
19135*
19165.
19123.
19057.
19171.
19429.
19492.
19571.
19397.
19659.
19769.
19677.
19580.
19619.
19804.
19841.
19729.
19702.
20125.
20132.

TOTAL

R E Q U IR E D

18930.
18654.
18500.
18463.
18415.
18380.
18202.
18320.
18335.
18244.
18192.
18451.
18193.
18167.
18201.
18345.
18287.
18341.
18276.
18307.
18352.
18257.
18233.
18215.
18750.
18493.
18539.
18446.
18386.
18357.
18809.
18651.
18593.
18605.
18566.
18573.
18609.
18906.
18862.
19121.
18933.
19230.
19277.
19208.
19198.
19153.
19297.
19221.
19219.
19176.
19656.
19788.

*5 0 .1
4 9 .3
4 9 .0
4 8 .9
4 8 .2
4 8 .4
4 8 .3
4 8 .4
4 8 .2
4 8 .2
4 8 .3
4 8 .5
4 8 .1
4 8 .3
4 8 .4
4 8 .5
4 8 .3
4 8 .2
4 8 .4
4 8 .5
4 8 .5
4 8 .3
4 8 .6
4 8 .7
4 9 .1
4 8 .7
4 9 .1
4 9 .4
4 9 .1
4 8 .9
4 9 .1
4 9 .4
4 9 .3
49i 3
4 9 .0
4 9 .3
4 9 .5
4 9 .7
4 9 .5
4 9 .7
4 9 .8
5 0 .2
5 0 .0
4 9 .9
5 0 .2
5 0 .3
5 0 .6
5 0 .6
5 0 .6
5 0 .8
5 1 .3
5 1 .7

.

1 6 7 .5
1 6 5 .9
1 6 5 .1
1 6 4 .9
1 6 4 .5
1 6 4 .9
1 6 4 .0
1 6 5 .0
1 6 5 .1
1 6 4 .7
1 6 4 .5
1 6 6 .4
1 6 4 .7
1 6 4 .5
1 6 5 .4
1 6 6 .4
1 6 6 .0
1 6 6 .6
1 6 6 .4
1 6 6 .9
1 6 7 .3
1 6 6 .6
1 6 6 .6
1 6 6 .6
1 7 0 .3
1 6 8 .7
1 6 9 .2
1 6 8 .8
1 6 8 .6
1 6 8 .4
1 7 1 .2
1 7 0 .3
1 7 0 .2
1 7 0 .4
1 7 0 .0
1 7 0 .2
1 7 0 .7
1 7 2 .9
1 7 2 .7
1 7 4 .4
1 7 3 .4
1 7 5 .5
1 7 5 .8
1 7 5 .2
1 7 5 .3
1 7 5 .2
1 7 6 .1
1 7 5 .7
1 7 5 .3
1 7 5 .1
1 7 8 .4
1 7 9 .4

1
1
1
1
1
1
1
1
1
1
1
!

1
1
1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
!

1
1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

BANK

|

SU BJEC T
P R IV A T E

T I H E AND
S A V IN G S
!
5875
5 8 .8
5 9 .0
5 9 .2
5 9 .4
6 0 .2
6 0 .4
6 0 .5
6 0 *8
6 1 .1
6 1 .4
6 1 .4
6 1 .6
6 1 .9
6 2 .2
6 2 .3
6 2 .4
6 2 .8
6 3 .2
6 3 .3
6 3 .6
6 3 .7
6 3 .9
6 4 .0
6 4 .1
6 4 .3
6 4 .8
6 4 .8
6 5 .0
6 5 .2
6 5 .3
6 5 .4
6 5 .6
6 5 .7
6 5 .7
6 5 .9

66.1
66.2
6 6 .3

66.6

6 6 .7
6 6 .7

66.8
66.8

6 6 .9
6 6 .9

66.6

6 6 .7

!

66.8

!
!

6 6 .9
6 6 .9
6 7 .1

1

D E P O S IT S

OF D O L L A R S

|
I
|
|
|
t
|
|
|
|
|
|
|
!
|
I
|
|
|
1

1

|
1
|
|
|
|
|
|
|

1

|
|
|
|
1
|
|
|
|
|
1
|
|
|
!
|
|
|
!
|
|

TOTAL
1 0 3 *5
1 0 2 .9
1 0 3 .0

102.8
101.8
101.0
1 0 0 .4
9 9 .4
9 9 .2
9 8 .9
9 9 .9
1 0 0 .3
9 8 .9
9 8 .6
1 0 0 .4
1 0 2 .3

102.0

1 0 0 .9
9 9 .8
9 9 .6
9 8 .6
9 8 .5
9 9 .2
1 0 0 .7

101.1

9 9 .2
9 9 .0
9 9 .9
1 0 0 .9
1 0 0 .7
1 0 0 .5
1 0 0 .3
1 0 0 .3
9 9 .4
9 9 .2
9 9 .5
1 0 1 .5

102.8
101.1
100.6
101.2
1 0 2 .5
1 0 3 .5
1 0 3 .4
1 0 3 .2
1 0 4 .0
1 0 3 .6
1 0 3 .7
1 0 3 .8
1 0 5 .1
1 0 7 .9
1 0 6 .8

TO R E S E R V E

DEHAND D E P O S IT S

NET
| IN T E R B A N K
|
I

1

!
|
|
|
!
|
|
|
|
|
|
|
|
|
!
|
I
|
|
|
|
|
|
|
|
|
|
1
|
!
|
|
|
|
|
|
|
|
!
|
|
|
|
|
|
1
|
|
!

R E Q O IR E R E N T S

7 .7
7 .8
7 .4
7 .0

6.6

6 .9
7 .0
7 .0

6.6
6 .9
7 .0
7 .0
6 .7

6.6
7 .1
7 .1

6.8
6.6
6.8
6.8
6 .7
6 .5
6 .9
6 .9
7 .0

6.6
6.8

7 .4
7 .1
6 .9

6.6
7 .0
6 .9
7 .0
6 .7

6.6

7 .1
6 .9
6 .9
7 .0
7 .3
7 .4
7 .3
7 .1
7 .5
7 .5
7 .6
7 .4
7 .3
7 .5
7 .5
7 .6

O THER
9 5 .8
9 5 .1
9 5 .6
9 5 .8
9 5 .1
9 4 *0
9 3 .4
9 2 .4
9 2 .6
9 2 .0
9 2 .9
9 3 .4
9 2 .2
9 2 .0
9 3 .3
9 5 .2
9 5 .2
9 4 .2
9 3 .0
9 2 .8
9 1 .9
9 2 .0
9 2 .3
9 3 .8
9 4 .1
9 2 .6
9 2 .2
9 2 .6
9 3 .7
9 3 .8
9 3 .9
9 3 .3
9 3 .3
9 2 .3
9 2 .6
9 2 .9
9 4 .3
9 5 .9
9 4 .2
9 3 .6
9 3 .9
9 5 .1
9 6 .2
9 6 .3
9 5 .7
9 6 .5
9 6 .0
9 6 .2
9 6 .5
9 7 .7
1 0 0 .4
9 9 .3

|

|
|
|
f

1

|
|
|
|
|
|
|
|
|
|
|

1

I
f
|
|
|
|
|
1
|
1
I
I
|
|
|
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
J
|
|
1

O .S .
GOVT
DENAND
5 .3
4 .1
3 .0
2 .9
3 .4
3 .8
3 .3
5 .2
5 .1
4 .7
3 .2
4 .7
4 .1
4 .0

2.8
1.8
1.6
2 .9
3 .5
3 .9
5 .1
4 .4
3 .5
1 .9
5 .1
5 .1
5 .5
4 .0
2 .7
2 .4
5 .4
4 .6
4 .3
5 .4
5 .0
4 .8
3 .2
3 .9
5 .3
7 .3
5 .5

6.2

5 .5
4 .9
5 .2
4 .3
5. 8
5 .4
4 .7
3 .1
3 .6
5. 5




TABLE 4
AGGREGATE RESEPVES AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED
....
M IL L IO N S
D E P O S IT O R Y

IN S T IT U T IO N S

1
TOTAL

JAN
JAN
JAN
JAN
PBB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
RAY
M AY
RAY
H AY
JO N
JU N
JU N
JO N
JO N
JU L
JU L
JU L
JU L
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

6. . . |
1 3 . . .|

20. . . |
2 7 ...|
3. • • t
10 . .
1 7 . . .|
2 4 ...|
2. . . |
9 ... |
1 6 . . .|
2 3 ...|
3 0 ...!
6. . . |
1 3 . . .|
20. . . |
2 7 . . .|
4 ...|
11. . . |
1 8 . . .|
2 5 . . .|
1 ...I
8. . . |
1 5 ...|

2 2 ...1

2 9 ...(

6 ...1

1 3 ...|
20. . . |
2 7 . . .|
3 ...I
10. . .|
1 7 ...|
2 4 . . .|
3 1 ...|
7 ... |
1 4 ...(

2 1...1

2 8 ...|
5 ...|
12 . . . |
1 9 ...!
2 6 ...|
2. . . I
9 ...|
1 6 ...|
2 3 ...|
3 0 ...|
7 ...J
1 4 ...|
21...!
?*..-!

19^52.
19018.
18962.
18478.
18537.
18267.
18251.
18061.
18105.
17938.
18109.
18189.
17893.
17867.
17869.
18281.
18392.
18243.
18306.
18235.
18168.
18121.
18153.
18156.
18602.
18342.
18320.
18349.
18761.
18552.
18591.
18525.
18564.
18404.
18466.
18358.
18581.
18635.
18609.
18759.
18640.
18839.
18729.
18873.
18797.
18733.
18761.
19678.
18916.
18932.
19460.
19447.

|
NON1 BORROW ED
!

I
I
I

1

!

1
1
1
I

1
1
1
I

1
1
!

1

!

1
1
1
1
1
1
1
1
1
1
!

1
1
1
I

1
!

!

1

I

1
1
1
1
1
1

1

t

I

1

!

1
1
!

B IL L IO N S

OP D O L L A R S

18139.
18107.
18048.
17705.
17729.
17417.
17278.
17441.
17312.
17343.
17383.
17602.
17291.
17163.
17198.
17720.
17868.
17691.
17757.
17680.
17766.
17685.
17753.
17782.
18052.
17930.
17880.
18008.
18332.
18201.
18276.
18232.
18148.
18211.
18193.
18097.
18282.
18556.
18384.
18559.
18492.
18765.
18489.
18684.
18661.
18565.
18662.
19565.
18856.
18862.
19386.
1939R.

J.
R ESERVES|

t
|
| R E Q U IR E D

1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
(
I

1
1
1
1
1
I
I
!
!
!

1
1
1
!

1
1
1
1
1
»

1
1
1
1
1
1

18620.
18471.
18368.
18074.
18056.
17838.
17743.
17637.
17664.
17576.
17598.
17738.
17534.
17430.
17401.
17917.
17911.
17919.
17808.
17778.
17715.
17683.
17691.
17731.
18045.
17856.
17883.
17775.
18245.
18078.
18103.
18018.
17983.
17938.
17827.
17702.
17762.
18116.
18091.
18148.
17951.
17963.
18200.
18309.
18191.
18121.
18154.
18481.
18216.
18222.
18706.
18753.

1
1
1
1
1
I
I
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
1
1
1
1
!

1
1
1
1
1
1
t
t

1
1
1
1
1
!

M O NETARY
BA SE

1
1

1
1
1

M EM BER BANK

TOTAL

1
4 9 .3
4 8 .9
4 8 .5
4 7 .8
4 7 .9
4 7 .7
4 7 .7
4 7 .4
4 7 .4
4 7 .5
4 7 .6
4 7 .7
4 7 .2
4 7 .4
4 7 .6
4 7 .9
4 7 .7
4 7 .6
4 7 .9
4 7 .8
4 7 .6
4 7 .7
4 7 .9
4 7 .9
4 8 .3
4 7 .9
4 8 .3
4 8 .4
4 8 .6
4 8 .3
4 8 .3
4 8 .5
4 8 .5
4 8 .2
4 8 .1
4 8 .4
4 8 .5
4 8 .5
4 8 .2
4 8 .5
4 8 .7
4 8 .8
4 8 .5
4 8 .6
4 8 .8
4 8 .9
4 8 .9
4 9 .8
4 9 .2
4 9 .3
4 9 .9
5 0 .0

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
1
I

1
1
1
1
!

1
1
1
1
1
1
1
1
1
I

1
1
1
1
1

1
1

T IM E AND
|
S A V IN G S

1
1 6 1 .4
1 6 0 .4
1 5 9 .7
1 5 7 .8
1 5 7 .6
1 5 6 .2
1 5 5 .9
1 5 5 .1
1 5 5 .1
1 5 4 .7
1 5 4 .9
1 5 6 .0
1 5 4 .6
1 5 4 .1
1 5 4 .2
1 5 7 .4
1 5 7 .4
1 5 7 .4
1 5 6 .8
1 5 6 .9
1 5 6 .4
1 5 6 .2
1 5 6 .4
1 5 6 .8
1 5 8 .9
1 5 7 .7
1 5 7 .9
1 5 7 .5
1 6 0 .7
1 5 9 .7
1 5 9 .8
1 5 9 .6
1 5 9 .7
1 5 9 .4
1 5 8 .7
1 5 8 .8
1 5 9 .6
1 6 2 .0
1 6 1 .7
1 6 1 .8
1 6 1 .1
1 6 1 .4
1 6 2 .9
1 6 3 .7
1 6 3 .2
1 6 2 .8
1 6 2 .8
1 6 2 .6
1 6 2 .2
1 6 2 .4
1 6 5 .7
1 6 6 .2

D E P O S IT S

1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
1
1
1
1
1
1
1
1
1
\

1
I

1
1
1
1
1
1
1
J

1
1
1
1
1
1
1

I

1
!

1
1
1
1
1

5 4 .1
5 3 .8
5 3 .6
5 3 .5
5 3 .6
5 3 .6
5 3 .6
5 3 .5
5 3 .5
5 3 .6
5 3 .8
5 3 .9
5 4 .0
5 4 .1
5 4 .2
5 4 .2
5 4 .2
5 4 .3
5 4 .4
5 4 .5
5 4 .5
5 4 .6
5 4 .7
5 4 .8
5 4 .9
5 5 .1
5 5 .4
5 5 .4
9 5 .5
5 5 .6
5 5 .8
5 6 .0
5 6 .2
5 6 .4
5 6 .6
5 6 .7
5 6 .9
57,. 0
5 7 .0
5 7 .2
5 7 .4
5 7 .4
5 7 .6
5 7 .6
5 7 .8
5 7 .6
5 7 .5
5 7 .5
5 7 .7
5 7 .9
5 8 .1
5 8 .4

|
1
|
|

OP D O L L A R S
SU BJECT
P R IV A T E

TOTAL

1 1 0 3 .1
1 102.6
1 1 0 2 .7
1 1 0 1 .3
1 1 0 0 .4
9 9 .4
1
1 9 9 .0
1 9 7 .5
1 9 7 .6
1 9 7 .5
1 9 8 .3
1 9 7 .5
9 6 .5
1
1 9 6 .4
9
7 .9
1
1 100.0
9 9 .5
1
1 9 8 .1
1 9 7 .1
1 9 6 .6
1 9 5 .5
1 9 5 .4
1 9 5 .9
1 9 7 .4
1 9 7 .7
1 9 6 .6
1 9 6 .0
1 9 7 .1
9 8 .3
1
1 9 8 .1
1 9 8 .2
1 9 8 .2
1 9 8 .1
9 7 .1
1
I

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

9 7 .2
9 7 .6
9 9 .5
1 0 0 .7
9 8 .0
9 7 .4
9 8 .7

100.2
1 0 0 .5
1 0 0 .5

100.1
1 0 0 .3

100.0
100.1
100.2
101.8
1 0 4 .0
1 0 2 .5

TO R E S E R V E

DEM AND D E P O S IT S

|
NET
f
| IN T E R B A N K |
|
~ 7 .5
|
7 .1
|
6.8
|
6 .5
f
6.2
|
6 .5
|
6 .3
|
6.2
|
5 .9
|
6.1
6.1
|
|
6 .3
! .
6.1
|
6 .3
6.6
|
|
6 .3
|
6.2
|
6.1
|
6.2
|
6.2

1

6.0

|

5 .8
6 .4
6 .3
6 .4

1

|
|
|
|
|
|
|
|
|
|
|
|
!
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|

R E Q U IR E M E N T S

6.2
6 .5

6.8
6 .7
6 .4
6 .3
6 .7

6.8
6.6

6 .4

6.6

6 .9
6 .9

6.6
6 .3
7 .1
7 .3
7 .2
6 . 8

7 .2
7 .2
7 .2
6 .9
6 .9
7 .0
7 .1
7 .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
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I
1

1
•

1
1
1
1
I

1
1

O THER
9 5 .6
9 5 .5
9 5 .9
9 4 .8
9 4 .2
9 2 .9
9 2 .7
9 1 .2
9 1 .6
9 1 .4
9 2 .1
9 1 .2
9 0 .4
9 0 .1
9 1 .4
9 3 .6
9 3 .2
9 2 .0
9 0 .9
9 0 .4
8 9 .5
8 9 .5
8 9 .6
9 1 .2
9 1 .3
9 0 .4
8 9 .5
9 0 .2
9 1 .6
9 1 .7
9 1 .9
9 1 .5
9 1 .3
9 0 .5
9 0 .8
9 1 .1
9 2 .6
9 3 .8
9 1 .4
9 1 .1
9 1 .6
9 2 .9
9 3 .3
9 3 .7
9 2 .8
9 3 .2
9 2 .8
9 3 .3
9 3 .3
9 4 .8
9 6 .9
9 5 .4

1
1
1
1
1
1
1
1
1
1
1
1
i
i

i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i
i

i
i
i
i
i
i

U .S .
GOVT
DEM AND
4 .3
4 .0
3 .3
3 .0
3 .6
3 .3
3 .3
4 .1
4 .0
3 .5
2 .9
4 .6
4 .1
3 .7

2.0
3 .2
3 .7
5 .0
5 .3
5 .8
6 .3

6.2

5 .8
4 .6
6 .3
5 .9
6 .5
5 .1
6 .9
5 .9
5 .8
5 .4
5 .5
5 .8
4 .9
4 .5
3 .2
4 .3
6 .7
7 .2
5 .0
3 .8
4 .9
5 .5
5 .4
4 .8
5 .4
4 .9
4 .4
2 .7
3 .7
5 .3

TABLE 4

AGGREGATE PESERVSS AND MEMBER BANK DEPOSITS
NOT SEASONALLY ADJUSTED

1
1

M IL L IO N S

| D E P O S IT O R Y

1
1
1
I

1959




JAN
JAN
JAN
JA N
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
H AY
H AY
H AY
H AY
JO N
JO N
JO N
JO N
JO L
JO L
JO L
JO L
JO L
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO?
NOV
NO?
NO?
DEC
DEC
DEC
DEC
DEC

1
1

7. • • |
1 4 ... |
21 . . .|
2 8 ... |
4 ...|

11...1
1 8 ...|
2 5 ...|
4 ...|

11...1

1 8 ...|
2 5 . . .|
1 ..-.I
8. . . |
1 5 ...|
22. . . |
29. . . \
6 ... |
1 3 ...|
20. . . |
2 7 ...|
3 ...1
10. . .|
1 7 ___ |
2 4 ...|
1. . . I

8 ...1

1 5 ...|
22. . .1
2 9 ...|
5...|
12 . . . |
1 9 . . .|
2 6 ... |
2 ... |
9 ... |
1 6 . . .|
2 3 . . .|
3 0 ...|
7 . . .|
1 4 ...|
21 . . . |
2 8 ...1
4... |

11...1

1 8 . . .|
2 5 ----- 1
2. . . |
9... |
1 6 . . .|
2 3 .• • |
3 0 ...f

TOTAL

OF D O LLARS

IN S T IT O T IO N S

1

B IL L IO N S

RESERVES\

1

M EM BER

M ONETARY
BA SE

NONB O R R O N ED

R E Q O IR E D

|

BANK

D E P O S IT S

OF D O LLA R S
SU BJECT
P R IV A T E

|

TOTAL

T IM E AND
S A V IN G S
TOTAL

19131.
18901.
18769.
18817.
18749.
18742.
18562.
18389.
18375.
18421.
18439.
18558.
18323.
18711.
18698.
18817.
18551.
18571.
18550.
18829.
18393.
18324.
18314*
18537.
18627.
18386.
18452.
18640.
18976.
18702.
18696.
18622.
18509.
18586.
18566.
18640.
18653.
18819.
18394.
18636.
18501.
18679.
18568.
18711.
18724.
18647.
18563.
18451.
18797.
18872.
19274.
1P9P7.

18505.
18188.
18331.
18328.
18334.
18207.
17997.
17933.
17846.
17718.
17914.
17958.
17711.
18039.
17995.
18068.
17895.
17896.
17841.
17976.
17735.
17475.
17335.
17561.
17751.
17465.
17425.
1 7 6 3 8 ..
18064.
17812.
17662.
17549.
17564.
17646.
17601.
17593.
17594.
17960.
17673.
17630.
17453.
17860.
17778.
17885.
17816.
17791.
17741.
17581.
17886.
17916.
18294.
18069.

‘

18588.
18340.
18234.
18424.
18345.
18189.
18120.
17979.
17957.
17868.
18051.
18100.
17855.
18302.
18254.
18307.
18183.
18213.
18096.
18227.
18063.
18021.
17886.
18081.
18170.
18069.
18017.
18229.
18488.
18353.
18296.
18080.
18078.
18149.
18165.
18082.
18170.
18297.
18174.
18153.
18012.
18173.
18266.
18311.
18202.
18190.
18130.
18085.
18282.
18429.
18635.
18533.

1
|

1

|
|

1

|
|

1
1
|

1

|
|
|
I
|
|
|
|
|

1

|
|
|
|

1

|
|
|
|
|
|
|

1

|
|
|
|

|
|
|
|
|

1
|
|

|
|
|
|
\

4 8 .9
4 8 .3
4 8 .0
4 7 .8
4 7 .8
4 7 .9
4 7 .7
4 7 .4
4 7 .4
4 7 .7
4 7 .7
4 7 .7
4 7 .4
4 8 .0
4 8 .0
4 8 .0
4 7 .6
4 7 .9
4 8 .0
4 8 .2
4 7 .7
4 7 .8
4 8 .1
4 8 .2
4 8 .2
4 8 .0
4 8 .6
4 8 .6
4 8 .9
4 8 .4
4 8 .5
4 8 .6
4 8 .4
4 8 .3
4 8 .3
4 8 .7
4 8 .6
4 8 .6
4 7 .9
4 8 .5
4 8 .4
4 8 .5
4 8 .2
4 8 .4
4 8 .7
4 8 .6
4 8 .5
4 8 .6
4 9 .1
4 9 .1
4 9 .7
4 9 .5

|
I
1
|
|
|
|
|

1

|

1

|
1
|
|
|
I
|
1
»
|

1

|

1

1
|
|
|
1
|
t
|
1
|

1

|
1
|
|

1
1
\

|

I
1
|

1
I
I

1
1

16072
1 5 8 .6
1 5 8 .1
1 5 9 .3
1 5 8 .8
1 5 7 .7
1 5 7 .3
1 5 6 .3
1 5 6 .2
1 5 5 .6
1 5 6 .9
1 5 7 .2
1 5 5 .7
1 5 8 .6
1 5 8 .8
1 5 9 .1
1 5 8 .3
1 5 8 .3
1 5 7 .9
1 5 8 .7
1 5 7 .7
1 5 7 .4
1 5 6 .6
1 5 8 .0
1 5 8 .5
1 5 7 .9
1 5 7 .3
1 5 9 .2
1 6 0 .5
1 5 9 *5
1 5 9 .0
1 5 8 .0
1 5 8 .0
1 5 8 .4
1 5 8 .5
1 5 7 .8
1 5 8 .7
1 5 9 .4
1 5 8 .6
1 5 8 .4
1 5 7 .5
1 5 8 .5
1 5 9 .2
1 5 9 .2
1 5 8 .6
1 5 8 .5
1 5 7 .9
1 5 7 .5
1 5 8 .8
1 5 9 .9
1 6 1 .2
1 6 0 .8

5 3 .5
5 3 .5
5 3 .5
5 3 .6
5 3 .6
5 3 .6
5 3 .5
5 3 .6
5 3 .7
5 3 .8
5 4 .0
5 3 .9
5 4 .1
5 4 .2
5 4 .3
5 4 .3
5 4 .4
5 4 .5
5 4 .5
5 4 .5
5 4 .6
5 4 .7
5 4 .8
5 4 .8
5 4 .8
5 4 .9
5 4 .9
5 4 .8
5 4 .8
5 4 .7
5 4 .7
5 4 .7
5 4 .6
5 4 .6
5 4 .6
5 4 .6
5 4 .6
5 4 ,5
5 4 .5
5 4 .5
5 4 .4
5 4 .4
5 4 .3
5 4 .3
5 4 .1
5 3 .8
5 3 .6
5 3 .5
5 3 .6
5 3 .6
5 3 .7
5 3 .9

1 0 3 .2
1 0 3 .1
1 0 3 .0
1 0 1 .9

1

101.0

1 0 0 .5
9 9 .9
9 8 .8
9 8 .8
9 9 .1
1 0 0 .3
9 8 .6
9 8 .4
9 8 .8
1 0 0 .4

1
1
|
|
|
|
|
|
f
|

1 0 0 .4
9 9 .4
9 8 .9
9 8 .9
9 8 .3
9 8 .5
9 8 .7
1 0 0 ,4
9 9 .5
9 9 .0
9 9 .0
9 9 .9

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

100.2

1 0 0 .3
9 9 .8
9 9 .9

9 9 .1
9 8 .3
9 8 .7
9 8 .7

100.6
100.1

1

|

7 .3
7 .1
6 .9
6 .4
6 .3
6 .7

6.6

6 .4

6.2
6.6
6.6
6.6
6.2
6.6
6 .7
6 .7
6 .3

6.2

6 .3
6 .5

6.2
6.1
6 .4
6 .3
6 .4
6 .3

6.6
6 .7
6 .7
6 .3
6. 1

6.6
6.6
6 .4

6.2
6.6
6 .7
6 .7
6 .3

9 8 .7
9 9 .0

|
|

6.6

9 9 .9

|
|
|
|
|
|
|
|
|
|
|
|

6 .7
6 .9
6 .5
6 .4
6 .9
6 .7
6 .5
6 .5
6 .7
6 .7
6 .9
6 .7

100.2
9 9 .8

100.0
1 0 0 .4
1 0 0 .7

100.2
100.2
100.6
102.6
102.6
1 0 2 .4

R E Q U IR E M E N T S

DEM AND D E P O S IT S

NET
| IN T E R B A N K

|
|
|
|

101.2

TO R E S E R V E

1

O THER

1

9 5 .9
9 6 .0
9 6 .1
9 5 .5
9 4 .6
9 3 .8
9 3 .3
9 2 .4
9 2 .6
9 2 .5
9 3 .8
9 2 .1
9 2 .1
9 2 .3
9 3 .7
9 4 .5
9 4 .1
9 3 .3
9 2 .6
9 2 .4
9 2 .1
9 2 .4
9 2 .3
9 4 .1
9 3 .1
9 2 .7
9 2 .4
9 3 .2
9 3 .6
9 4 .0
9 3 .7
9 3 .4
9 2 .5
9 2 .0
9 2 .5
9 2 .1
9 3 .9
9 3 .4
9 2 .5
9 2 .4
9 3 .1
9 3 .4
9 3 .3
9 3 .6
9 3 .5
9 3 .9
9 3 .7
9 3 .8
9 3 .9
9 5 .9
9 5 .7
9 5 .7

|
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|

1

|
1
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
1
|

1
|
|
|
|
|
|

|
|
1
|
|
|
|

O .S .
GOVT
DEM AND
3 .5

2.0
1 .5
3 .8
4 .2
3 .6
3 .8
3 .9
3 .7

2.6
2.6

4 .6
3 .2
5 .6
4 .1
3 .6
3 .5

4.4
4 .4
5 .3
4 .8
4 .2
3 .1

2.8

4 .2
4 .0
3 .4
4 .5
5 .5
4 .5
4 .5
3.3
4 .3
5 .4
5 .2
4.4

3 .5
4 .8
5 .3
4 .9
3 .2
3 .9
5 .0

5 .0
4 .1
4 .1
4 .1
3 .8
4 .6
3 .7
4 .9
4 .5




TABLE 5
AGGREGATE RESERVES 8 (MONETARY BASE
ADJUSTED FOR CHARGES IN RESERVE REQUIREMENTS
SEA SO N A LLY

I
L

1
1
1
1

1979

1980

1981

J A N *• • |
F E B ...|
B A R ...1
A P R .. • |
H A Y .••1
JU N ...|
JO L ...I
A U G ...I
S E P *..|
O C T .. . |
R O V -..I
D E C ...|

1

ADJUSTED

TOTAL
RESERVES

3 5 4 5 *1 .
34831.
34687.
34707.
34708.
34683.
34972.
35181.
35421.
35990.
36083.
36577.

NON| P E Q O IR E D
|
| BO RRO W ED | R E S E R V E S
1 RESERVES 1
|
|
|
|
|
|

1

|
|
|
|
I
A

1
|

TOTAL
RESERVES

1

|
NON| BO R R O W ED
1 RESERVES

| R E Q U IR E D
| RESERVES
|

|
J
|
|
|
|
|

|
|
|
|
|

|
|
|
|
|
|
\
|
|
|
1

352407~r
34622. |
34528. |
34531. |
34567. 1
34462. |
34761. |
34959. |
35229. |
35718. |
35839. |
36249. |
•

13675
1 3 6 .1
1 3 6 .7
1 3 7 .4
1 3 8 .1
1 3 9 .0
1 4 0 .1
1 4 1 .4
1 4 2 .6
1 4 3 .7
1 4 4 .4
1 4 5 .3

|
|
\
|
\
|
\
|
|
|
|
1
A

36967.
34637.
34179.
34715.
34349.
34298.
35122.
34849.
35105.
36075.
36043.
36974.

|
|
|

35965.
33664.
33189.
33797.
32584.
32880.
33952.
33764.
33764.
34053.
34137.
35502.

|
|

36500.
36337.
36406,
36468.
36414.
36363.
36435.
36872.
37601.
37833.
38666.
38719.

f
|
|
|
|
|
|
|
|
*
|
|
|

1 4 6 .6
1 4 7 .4
1 4 8 .3
1 4 8 .5
1 4 9 .6
1 5 0 .4
1 5 1 .5
1 5 3 .2
1 5 4 .3
1 5 5 .6
1 5 7 .7
1 5 8 .2

|
|
|
|
|
|
|
|
|
|
|
|

38278.
36350.
36048.
36679.
36187.
36128.
36816.
36845.
37547.
38023.
39189.
39657.

|
|
|
|
|
|
|
|
|
|
|
|

37037.
34695.
33225.
34224.
35169.
35749.
36422.
36187.
36235.
36713.
37130.
37966.

|
|
|
|
|
|
|
|
|
|
|
|

38027.
36139.
35862.
36482.
36010.
35925.
36532.
36544.
37291.
37817.
38668.
39189.

38872.
38673.
38822.
39138.
39367.
39102.
39358.
39691.

|
|
|
1
|
|
|
|

1 5 8 .7
1 5 9 .0
1 5 9 .5
1 6 0 .5
1 6 1 .7
1 6 1 .6
1 6 2 .7
1 6 3 .4

|
|
|
|
|
|
|
|

40601.
38819.
38590.
39231.
39228.
38964.
39546.
39399.

|
|
|

39207.
37516.
37590.
37894.
37000.
36927.
37867.
37979.

|
|
|
|
|
|
|

40291.
38544.
38342.
39104.
39053.
38715.
39296.
39197.

36751.
36547.
36592.
36665.
36592.
36566.
36720.
37174.
37856.
38039.
39187.
39187.

|
|
|
|
|
|
|
|
|
|
|
|

35510.
34892.
33769.
34210.
35574.
36187.
36325.
3651636545.
36729.
37128.
37497.

J A N ...|
F E B ...I
N A R ...|
A P R ...|
H A Y ...|
J 0 N ...I
JU L ...|
A U G ...1

39182.
38948.
39070.
39266.
39543.
39351.
39609.
39893.

|
|
|
|
|
|
|

37787.
37645.
38070.
37928.
37315.
37314,
37929.
38473.

1

1 M O NETARY
|
BA SE
I

ADJUSTED

34451.
33858.
33696.
33789.
32943.
33265.
33802.
34095.
34080.
33969.
34177.
35105.

J A N ...I
F E B .. . |
M A R .,. \
A P R ...|
H A Y ...I
J O N ...|
J U L .. . |
A 0 G ...I
S E P ...|
O C T .. . |
N O V ...|
DEC. • . \
■

1

1

NOT S E A S O N A L L Y

I

1

1

1

|
|
|
|
|
|
|
|
|
■
|
1
|

1

|
|
|
|

1

1
1

1

|
|
|
I

1
|
|
|
|
|
|
A

1

36753.
34428.
34021.
34538.
34208.
34077.
34911.
34628.
34913.
35803.
35799.
36646.

| MO NETARY
|
BA SE

1
1

|
|
|
|
|
|
|
|
|
|
|

1 3 7 .6
1 3 4 .6
1 3 5 .2
1 3 7 .0
1 3 7 .4
1 3 8 .6
1 4 0 .9
1 4 1 .3
1 4 2 .2
1 4 3 .8
1 4 5 .3
1 4 7 .9

|
|
|
1
|
f
|

|
|
|
|

1 4 7 .6
1 4 5 .8
1 4 6 .6
1 4 8 .0
1 4 8 .7
1 4 9 .9
1 5 2 .2
1 5 3 .2
1 5 4 .0
1 5 5 .6
1 5 8 .7
1 6 1 .0

|
|
|
|
|
|
|
|

1 5 9 .6
1 5 7 .4
1 5 7 .8
1 5 9 .9
1 6 0 .8
1 6 1 .2
1 6 3 .3
1 6 3 .2

1

1




TABLE 5
AGGREGATE RESERVES 6 MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1

SEA SO N A LLY

1
1

ADJU STED

\.

1975

1976

1977

1978

1
1
1

TOTAL
RESERVES

JA H ...|
F E B -• • |
M A R ...|
A P R ...(
R A Y ...|
JU N ...1
JO L ...I
A U G ...|
S E P ...|
O C T .. . |
N O V ...I
P E C ...1

31211.
31059.
31078.
31068.
30816.
31100.
31060.
30980.
31156.
30985.
31231.
31283.

J A R ...|
F E B ...|
M A R ...|
A P R ...|
H A T ...|
JU R ...|
J O L .• • |
A U G ...|
S E P ...|
O C T ...1
N O V ...|
D E C .• • |
•

31170.
31133.
31095.
30936.
31123.
31085.
31171.
31252.
31120.
31292.
31657.
31821.

JA R ...|
F E B ...|
M A R ...|
A P R . ••1
H A Y ...I
JU R ...|
JU L .••|
A O G ...I
S E P ..
OCT. . . \
N O V ...|
D E C .• • |
■

32129.
31850.
31883.
32169.
32259.
32197.
32588.
32801.
32800.
32991.
33191.
33269.

J A R ...|
F E B ...|
M A R ...|
A P R ...|
M A Y ...|
JU N ...|
J U L ...|
A O G ...I
SE P ...|
O C T ...|
N O V ...|
D E C ...|

33956.
39127.
33830.
39117.
39506.
39792.
35193.
39967.
35132.
35326.
35272.
35209.

NON|
1 BO RRO W ED
1 RESERVES

1

| R E Q U IR E D
| RESERVES
|

1

30813.
30912.
30972.
30958.
30750.
30873.
30759.
30769.
30760.
30799.
31171.
31153.

|
\
|
|
|
|
|
|
|
|
|
|

31069.
30866.
30878.
30911.
30660.
30898.
30873.
30785.
30965.
30778.
30997.
31017.

|
|
|
|
|
|
|
|
|
f
|
|
■

31092.
31052.
30991.
30892.
31008.
30958.
31039.
31151.
31059.
31198.
31585.
31768.

|
|
|
|
|
|
|
|
|
|
|
|
I

30930.
30919.
30822.
30781.
30913.
30871.
30937.
31095.
30919.
31072.
31399.
31597.

|
|
|
\
|
|
|
|
|

32056.
31778.
31780.
32091.
32097.
31885.
32265.
31791.
32179.
31685.
32279.
32699.

|
|
|
|
|
|
|
|
|
I
|
|
■

31859.
31651.
31668.
31973.
32096.
32000.
32313.
32601.
32591.
32781.
32890.
33079.

33972.
33721.
33502.
33561.
33299.
33698.
33826.
33827.
39072.
39099.
39569.
39391.

|
1
|
|
|
|
|
|
|
|
|
|

33689.
33885.
33631.
33969.
39287.
39619.
39996.
39799.
39939.
35169.
35050.#.
39977.

|
|
|
f
|
|
|

1

|
|
|
|

1

|
|
■
|
|
|
|
\
|
|
|
|
|
|
|

| M O NETARY
|
BA SE

|
|

1
1

1
1

|
|
|
|
|
|
|
|

1

|

1
|
|
|

1

|
|
|
|
|
|
|

1

|
|

101.0
1 0 1 .3

102.0
102.0

1 0 2 .5
1 0 3 .7
1 0 9 .0
1 0 9 .6
1 0 9 .9
1 0 5 .3
1 0 6 .2
1 0 6 .8
1 0 7 .1
1 0 7 .8
1 0 8 .5
1 0 9 .2

110 .1

1 1 0 .5

111.0

1 1 1 .7

112.1

1 1 2 .9
1 1 3 .7
1 1 9 .3

|
|
|
|
|
|
|
|
|

|
|
|
|
|
|
|

|
|
|
|
|

1

32307.
31028.
30676.
31001.
30979.
30789.
31209.
30978.
30827.
31296.
31599.
32126.

1

|
|
|

1 2 3 .0
1 2 3 .8

|
|
|
|
|
|
|
|
|
|
|
|

|

1 2 5 .3
1 2 6 .2
1 2 6 .7
1 2 7 .5
1 2 8 .9
1 2 9 .9
1 3 0 .8
1 3 1 .3
1 3 2 .9
1 3 3 .3
1 3 9 .1
1 3 9 .9

|
t
|
|
|
|
|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
|

SEA SO N A LLY

NOR|
| BORRORED
1 RESERVES

32313.
30957.
30721.
31179.
30795.
30826.
31106.
30721.
30893.
30899.
31178.
31580.

1 1 5 .2
1 1 5 .6
1 1 6 .2
1 1 7 .3
1 1 7 .9
1 1 8 .9
1 1 9 .8
1 2 0 .5

1

TOTAL
RESERVES

|
|
|
|
|
|
|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
|
|
|

121.2
122.2

NOT

1

|
|

31915.
30809.
30615.
31068.
30679.
30599.
30805.
30509.
30996.
30709.
31118.
31950.

ADJUSTED

| R E Q U IR E D
| RESERVES
|

1

|
|
|
1
|
|
|

1

|
|
|
|

32166.
30763.
30521.
31021.
30590.
30625.
30918.
30525.
30701.
30692.
3 0 8 9 5 ..
31319.

| MO NETARY
|
BASE

1
1
|

1

|
|
|

1

|
|
|
|
|
|

1017“
1 0 0 .3

101.0
101.8

1 0 2 .3
1 0 3 .6
1 0 9 .6
1 0 9 .5
1 0 9 .9
1 0 5 .0
t0 6. 7
1 0 8 .9

|
|
|
|
|
|

32229.
30997.
30622.
30957.
30860.
30658.
31077.
30878.
30765.
31152.
31522.
32073.

|
|
|
|
|
|
|
|
|
|
|
|
|

32067.
30810.
30953.
30896.
30765.
30571.
30975.
30771.
30626.
31026.
31337.
31853.

|
|
|
|
|
|
|
|
|
|
|
|
•

33902.
31803.
31960.
32150.
32095.
31788.
32652.
32516.
32988.
33018.
33155.
33706.

|
|
|
|
|
|
|
|
|
|
|
|

33339.
31731.
31356.
32077.
31839.
31525.
32329.
31956.
31863.
31712.
32299.
33136.

|
|
|
1
|
|
|
|
|
|
|
|

33136.
31609.
31295.
31958.
31837.
31691.
32377.
32316.
32279.
32807.
32905.
33516.

|
|
|
|
|
|
|
|
|
|
|
|

1 1 6 .1
1 1 9 .5
1 1 5 .0
1 1 6 .9
1 1 7 .5
1 1 8 .1
1 2 0 .9
1 2 0 .9
1 2 0 .7

35310.
39027.
33285.
39091.
39209.
39380.
35299.
39627.
39811.
35958.
35239.
35663.

| .
|
|
|
|
|
|
|
|
|
|
[

39826.
33622.
32957.
33535.
32992.
33286.
33981.
33987.
33751.
39180.
39531.
39795.

|
|
|
|
|
|
|
|
|
\
|
|

35093.
33786.
33086.
33993.
33985.
39202.
35101.
39960.
39618.
35296.
35012.
35931*

|
|
|
|
|
|
|
|
|
|
|
|

1 2 6 .2
1 2 5 .1
1 2 5 .3
1 2 7 .2
1 2 8 .3
1 2 9 .5
1 3 1 .6
1 3 1 .1
1 3 2 .0
1 3 3 .9
1 3 9 .9
1 3 7 .9

1

1 0 7 .8
1 0 6 .7
1 0 7 .9
1 0 9 .0
1 0 9 .8
1 1 0 .3
1 1 1 .7

111 .6
111.6
112.6
1 1 9 .3
1 1 6 .2

122.0

1 2 3 .7
1 2 6 .0




TABLE 5
AGGREGATE RESERVES 8 MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1
1.
1 TOTAL |
1 RESERVES |
1
1
1971

1972

1973

1974

J A N ...|
F E B ...I
M A R ...|
A P R ...I
H A T .• • |
J O N ...|
JO L ...I
A U G ...|
SEP. •• |
O C T i. . |
N O V .. • |
D E C ...I

23271.
23540.
23608.
23630.
23922.
24013.
24188.
24320.
24635.
24453.
24617.
24722.

|
|
|
|
|
|
|

J A N ... |
F E B ...|
M A R ...|
A P R ...|
H A Y ...I
J O N ...I
JO L .. • |
A U G ...I
SE P ...I
O C T ...1
N O V .. . |
D E C .• . |
■

25151.
25193.
25359.
25664.
25765.
25971.
26137.
26459.
26405.
26786.
27233.
27662.

i

J A N ...I
F E B ...I
M A R . . if
A P R .• • |
H A T ...|
JO N ...I
J U L ...|
A U G ...|
S E P ...|
O C T .. . |
N O V ...|
D E C .. . |

27978.
27897.
28218.
28231.
28214.
28405.
28848.
22786.
28814.
29145.
29185.
29348.

1

1

JA N ...|
F E B ...|
M A R ...|
A P R ...1
M A T .• • |
JO N ...I
JO L ...|
A O G .. • |
S E P ...|
O C T ...|
N O V ...|

D E C ...1

29854.
29700.
29583.
29951.
30192.
30327.
30652.
30603.
3066 4 .
30754.
30907.
31219.

1

|

1

|
|

1
|

1

|
|
|
f
|
|
f
|
«
i
|
|
|

1
1

|
|
f
\
|
|
|
\
|
|
|
|
|
|

|
|
|
|

SEA SO N A LLY

11

ADJUSTED

N OT

SEASO N ALLY

ADJUSTED

II

NON| R E Q U IR E D
BO RRO W ED | R E S E R V E S
RESERVES |

1

TOTAL
NON1
11
I I R E S E R V E S 1 B O R R O W ED
1 RESERVES
II
.1
- II.
2 4 0 7 5 ?“ 1
7 3 7 7 ” 11
23711.
23667. 1
7 4 .3
23336.
II
23479. 1
7 4 .6
23160.
II
7 5 .1
23662. 1
23508.
If
24009. 1
7 5 .6
23725.
II
23813. 1
7 6 .0
23321.
11
24174. 1
7 6 .8
23351.
II
7 7 .1
24070. 1
23260.
II
7 7 .7
24362. 1
23867.
II
24379. 1
7 7 .8
24022.
II
7 8 .1
24485. 1
24102.
11
7 8 .4
24778. 1
24652.
II
A

| M O NETARY
BA SE
|
I

22907.
23208.
23290.
23477.
23638.
23520.
23365.
23510.
24141.
24095.
24234.
24596.

|
|
|
|
|

25130.
25160.
25261.
25546.
25654.
25871.
25899.
26072.
25863.
26231.
26625.
26612.

|
|
|
|
|
|
|
|
|
|
|
|
•

24945.
25040.
25170.
25508.
25626.
25769.
25944.
26271.
26193.
26575.
26879.
27378.

|
|
|
|
|
|
|
|
|
|
f
|
■

7 9 .1
7 9 .6
8 0 .2
8 0 .6
8 1 .0
8 1 .5
8 2 .0
8 2 .6
8 3 .0
8 3 .9
8 4 .9
8 5 .8

26817.
26304.
26394.
26520.
26371.
26554.
26895.
26621.
26961.
27669.
27792.
28050.

|
|
|
|
|
|
|
|
|
|
\
|

27719.
27700.
28009.
28008.
28075.
28187.
28565.
28614.
28583.
28893.
28961.
29044.

|
|
|
|
|
|
|
|
|
|
|
|

8 6 .4

28803.
28509.
28268.
28215.
27602.
27321.
27351.
27267.
27382.
28941.
29655.
30492.

|
|
|
|
|
|
|

29692.
29516.
29448.
29769.
30032.
30129.
30490.
30415.
30483.
30633.
30702.
30961.

|
|
|
\
|

1

|
|
|
|
|
|

|
\

|
|
|

230377”
23286.
23413.
23463.
23702.
23811.
24003.
24124.
24446.
24290.
24380.
24540.

|
|
f
|
|
|
|
|
|
|
|

1

|
|
1

|
|
|
|

86.8
8 7 .4
8 8 .0
8 8 .4
8 9 .0
8 9 .7
9 0 .0
9 0 .5
9 1 .1
9 1 .6
9 2 .3
9 3 .3
9 3 .8
9 4 .2
9 5 .1
9 5 .9
9 6 i4
9 7 .0
9 7 .6
9 8 .2
9 9 .0
9 9 .8

100.6

11

II
II
II

11

II
II
II
It
II

11

II
II

11

II
II
II

11
II

11

II
II
II

11

It
II

11
II
II
II

11

II
II

11
11
11
II
II
II

26039.
25263.
25193.
25761.
25962.
25732.
26159.
26156.
26119.
2 6 6 9 7 ..
27019.
27689.

1
1
1
1
1
1
1
1
1
1
1
1
1«

30934.
29655.
29292.
30087.
30274.
30032.
30766.
30326.
30372.
30691.
30794.
31400.

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
I

1
%

i
i
i
i
i
i

1

|
|
|
|
|
|
|
|
|
|

1

|
|

| M O NETARY
BA SE
|

1
1

23841.
23412.
23284.
23494.
23790.
23612.
23990.
23874.
24172.
24216.
24248.
24596.

|
|
|
|
|
|
|
|
|
|
|
|
|

7 4 .3
7 3 .8
7 4 .0
7 4 .7
7 5 .5
7 5 .9
7 7 .1
7 7 .1
7 7 .4
7 7 .7
7 8 .3
7 9 .5

26018.
25230.
25095.
25644.
25851.
25632.
25921.
25768.
25577.
26142.
26411.
26639.

|
|
|
|
|
|
|
|
|
|
|
|
•

25832.
25110.
25003.
25605.
25822.
25529.
25965.
25968.
25907.
26486.
26665.
27405.

|
)
|
|
|
|
|
|
|
|
|
|
•

7 9 .8
7 9 .0
7 9 .4
8 0 .4
8 1 .0
8 1 .4
8 2 .5
82^5
8 2 .6
8 3 .7
8 5 .0
8 6 .9

27854.
26336.
26191.
26659.
26544.
26270.
26965.
26309.
26672.
27581.
27612.
28172.

|
|
|
|
|
|
|
|
|
|
|
|

28756.
27732.
27805.
28148.
28248.
27904.
28634.
28302.
28294.
28804.
28780.
29166.

|
|
|
|
|
|
|
|
|
|
|
|

8 7 .2
8 6 .0
8 6 .7
8 7 .9
8 8 .4
8 8 .9
9 0 .3
8 9 .9
9 0 .0
9 0 .8
9 1 .8
9 3 .6

29883.
28464.
27978.
28350.
27684.
27026.
27465.
26990.
27090.
28878.
29542.
30673.

|
|
|
|

30772.
29471.
29157.
29905.
30114.
29834.
30604.
30138.
30191.
30570.
30589.
31142.

|
|
|
|
|
|
|

9 4 .0
9 2 .9
9 3 .3
9 5 .0
9 5 .9
9 6 .3
9 7 .6
9 7 .5
9 7 .7
9 8 .7

I

29014.
27929.
28015.
28371.
28386.
28121.
28918.
28474.
28524.
29057.
29005.
29470.

| R E Q U IR E D
| RESERVES
|

|
|
|

|
|
|
1

|

1

|
|
|
|

100.1
102.0




TABLE 5
AGGREGATE RESERVES B MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1
1.
TOTAL
|
1
1 RESERVES |
1
1
1
1967

1968

1969

1970

SEA SO N A LLY

NON| R E Q U IR E D
BO RRO W ED | R E S E R V E S
RESERVES |

1

1
1

ADJUSTED
| HONETARY
|
BASE

|
|

1

1
1

1

|

18265.
18336.
18532.
18725.
18672.
18795.
19114.
19170.
19447.
19775.
19833.
19901.

1

5 8 .0
5 8 .2
5 8 .6
5 8 .8
5 9 .0
5 9 .2
5 9 .7
5 9 .8
6 0 .4
6 0 .9
6 1 .1
6 1 .5

|
|
1
|
|
|
|
|
|
|
|
|

19980.
19981.
20064.
19967.
19985.
20172.
20478.
20573.
20576.
20890.
21021 .
21171.

|
|
|
|
|
\
|
|
|
|
|
|

6 1 .8
6 1 .9
6 2 .3
6 2 .5
6 2 .7
6 3 .2
6 3 .7
6 4 .1
6 4 .5
6 4 .8
6 5 .4
6 5 .9

|
|
|
|
|
1
|
|
|
|

1

18259.
18341.
18746.
18929.
18947.
19042.
19417.
19454.
19701.
19982.
20060.
20049.

1

20121 .

|
|
|
|
|
|
|

19995.
19742.
19618.
1 9 6 0 3 ..
19807.
20302.
20337:
20433.
20693.
20784.
20851.

JA N ...I
F E B .. . |
H A R ...|
A P R ...|
H A Y ...I
JO N ...|
J U I. . . 1
A U G ...|
S E P ...|
O C T ...I
N O V ...|
D E C ...|

18669.
18705.
18946.
19075.
19037.
19147.
19532.
19535.
1 9 7 8 9 ..
20111 .
20192.
2 0 2 7 7 ..

|
|
|
|
|
|
|
|
I
|
|

J A N ...I
F E B ...|
H A R ...1
A P R ...|
H A T ...I
J O N ...I
J U L .-.1
A U G ...|
SE P ...|
O C T ...I
N O V ...|
D E C .. . |
■

20367.
20367.
20401.
20303.
20344.
20500.
20829.
20902.
20937.
21136.
21329.
21597.

J A N ...I
FEB. • • |
H A R .•. |
A P R ...I
H A Y ...I
JO N ...I
JU L ... |
A U G ..• |
SB P ...I
O C T .••1
NOV. . . |
D E C .• • |
•

21649.
21576.
21349.
21247.
21508.
21350.
21045.
21125.
21221 .
21089.
21330.
21534.

|
|
|
|
|
|
|
|
|
|
|
|
«

20913.
20741.
20447.
20243.
20133.
19965.
19793.
19907.
20141.
19939.
20127.
20415.

|
|
|
|
|
|
|
|
|
I
|
|
■

21403.
21322.
21130.
21080.
21252.
21046.
20820.
20888.
20947.
20925.
21101 .
21248.

|
|
|
|
|
|
|
|
|
|
|
|
|

j a n ...«

21458.
21331.
21201 .
21600.
21425.
21436.
21684.
22076.
22425.
22603.
22724.
23083.

|
|
|
|
|
|
|
|
|
|
|
|

20498.
20251.
20303.
20755.
20458.
20555.
20324.
21238.
21825.
22141.
22309.
22750.

|
|
|
|
|

21284.
21123.
21038.
21449.
21268.
21246.
21518.
21902.
22181.
22398.
22490.
22834.

|
|
|
|
|
|

1

F E B ...|
H A R ...|
A P R .• • |
H A Y ...|
J O N ...|
J U L ...|
A U G ...!
SEP. • • |
O C T ...I
N O V ...|
D E C . .. . |

1

|
|
|

1

1

1

1

|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|

66.1

|
|

1

|
|
|
|
|
|
|
|
|
A
|
|
|
|
|
|
|
|
|
|
|
|

N OT
TOTAL
RESERVES

| R E Q U IR E D
| RESERVES
1

20763.
20367.
20324.
20378.
20229.
20432.
20725.
20670.
20696.
21153.
21256.
21615.

|
|
|
|
|
|
|
|
|
|
|
|

20517.
19994.
19665.
19693.
19489.
19738.
20198.
20105.
20193.
20710.
20711.
20869.

|
|
|
|
|
|
|
|
|

|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
\
|

19029.
18651.
18875.
19068.
18939.
19078.
19513.
19306.
1 9 6 5 4 ..
20063.
20075.
20589.

6 7 .2
6 7 .4
6 7 .6
6 8 .5

|

6 8 .7

|
|
|
|
|
|
|
|
|
|
|
|

22141.
21427.
21094.
21615.
21464.
21236.
21674.
21838.
22219.
22538.
22607.
23103.

6 6 .9

66.8
68.2

68.8

6 8 .9
6 9 .5
6 9 .9
7 0 .0
7 0 .6
7 1 .1
7 1 .7
7 2 .1
7 2 .5
7 3 .1

1
1

| HONETARY
|
BA SE
I

1

18626.
18282.
18461.
18718.
18575.
18726.
19095.
18941.
19312.
19727.
19717.
20214.

|
|
|
|
|
|
|
|
|
|
|
|

5 8 .3
5 7 .7
5 8 .2
5 8 .5
5 8 .6
5 9 .1
5 9 .9
5 9 .7
6 0 .2
6 0 .8
6 1 .3
6 2 .6

1

|
|

20376.
19981.
19987.
20043.
19870.
20103.
20375.
20341.
20335.
20908.
20947.
21189.

6 2 .1
6 1 .5
6 1 .8
6 2 .2
6 2 .3
6 3 .1
6 3 .9
6 4 .0
6 4 .2
6 4 .8
6 5 .7

21585.
20866.
20331.
20246.
20239.
19775.
19759.
19757.
19911.
19931.
20042.
20411.

|
|
|
|
|
|
|
|
|
|
|
|

22074.
21447.
21013.
21083.
21358.
20856.
20786.
20739.
20716.
20918.
21016.
21243.

1

66.0
66.6
66.8

|
|
|
|
|
|

6 7 .1
6 7 .2
6 7 .2
6 7 .6
6 8 .5
6 9 .5

21182.
20347.
20196.
20770.
20496.
20355.
20314.
21000.
21619.
22076.
22192.
22771.

|
|
|
|
|
\
|

21968.
21219.
20931.
21464.
21306.
21046.
21508.
21664.
21975.
22333.
22373.
22855.

|
|
|
|
|
|
|
|
|
|
|
|

6 9 .2
6 8 .3
6 8 .3
6 9 .2
6 9 .7
6 9 .9
7 0 .9
7 1 .1
7 1 .5
7 2 .0
7 2 .8
7 4 .1

|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|

1

|
|
|
|

1

22321.
21701.
21232:
21250.
21613.
21160.
21011 .
20975.
20990.
21081.
21245.
21529.

66.8

ADJUSTED

|
NON| B O R R O W ED
1 RESERVES
1
_
18619.
1
|
18287.
|
18675.
|
18922.
|
18850.
|
18972.
1
19398.
|
19226.
|
19566.
|
19934.
|
19944.
|
20361.
|

|
|
|
|
|
|
|
|
|
|

6 6 .4
6 6 .3
6 6 .3

SEA SO N A LLY

1

.

1

(
|
|
|

|
|
|
|
|

66.8

6 6 .7
6 5 .9
6 5 .8




TABLE 5
AGGREGATE RESERVES S MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1
1
1
1
1
1

1963

196*1

1965

1966

SEA SO N A LLY

TOTAL
RESERVES

JA N ...!
F E B ...|
H A R ...I
A P R .• • |
HAY. . . |
J U N ...|
JO L ...I
A U G ...|
SE P ...I
O C T ...1
N O V ...I
D E C .. . |

16929.
16333.
16309.
16377.
16380.
16363.
16539.
16525.
16572.
16595.
16667.
16910.

J A N ...|
F E B ...!
H A R ...I
A P R ...1
H A Y ...I
J0 N ...I
JU L ...I
A U G ...I
S E P ...|
O C T ...1
NOV. . . |
D E C .. . |
■

16892.
16769.
16807.
16799.
16811.
16916.
17009.
17206.
17311.
17378.
17530.
17573.

JA N ...|
F E B ...I
H A R ...|
A P R .• • |
H A Y ...I
JO N ...I
JU L ...I
A U G ...|
SE P ...I
O C T ...I
NOV. . . |
D B C ...I
•

17590.
17511.
17567.
17787.
17657.
17793.
17915.
17955.
17967.
18092.
18072.
18371.

J A N ...|
F E B ...I
H A R ...I
A P R ...I
H A Y ...I
JU N ...I
JU L ...I
A U G ...|
SE P ...|
O C T ...I
N O V ...1
D E C .. . |

18368.
18286.
18278.
18919.
18973.
18967.
18669.
18927.
18515.
18996.
18900a
18970.

ADJUSTED

II
J 1
TOTAL
j
NONT " r I q u ir e d ” ? ” m o n e t a r y " I I
BA SE
| BO RRO W ED | R E S E R V E S |
II RESERVES
11
1
1 RESERVES |
|
|
|
|
|

1

|

1

|
|
|
|
|
|
|
|
|
|
|
!
|

1
1
|
1
|
\
|

1

|
|
|
|
|
|
|
|

1

|
|
|
|

1

|
|
|
|
|
!
|

1 6 2 7 8 . .|
16167. |
16156. |
16297. |
16169. |
16105. 1
16291. |
16196. |
16253. |
16225. |
16319. |
16578. |

159197V
15872. |
15870. |
15920. |
15950. |
15997. |
16085. |
16080. f
16199. |
16197. |
16226. 1
16920. |
|

9 7 7 6 ""
9 7 .8
9 7 .9
9 8 .2
9 8 .3
9 8 .5
9 8 .8
9 8 .9
9 9 .1
9 9 .2
9 9 .6
5 0 .0

16567.
16982.
16529.
16588.
16551.
16698.
16791.
16891.
16966.
17056.
17130.
17309.

16902.
16371.
16921.
16996.
16957.
16591.
16628.
16785.
16881.
16980.
17122.
17167.

5 0 .0
5 0 .1
5 0 .9
5 0 .5
5 0 .8
5 1 .0
5 1 .2
5 1 .6
5 1 .9
5 2 .1
5 2 .9
5 2 .5

17291.
17106.
17156.
17316.
17162.
17256.
17387.
17908.
17913.
17609.
17690.
17928.
17998.
17805.
17717.
17782.
17785.
17759.
17923.
17691.
17797.
17711.
17793.
17938.

|
|
|
|
|

1

|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
\

1
|

|

1

|
1
|
|
|

1
|

1

|
|

17125.
17099.
17201.
17996.
17329.
17931.
17562.
17559.
17557.
17733.
17720.
17998.

|
|
|
|
|
|
|
|
|
|

17989.
17939.
17936.
18069.
18132.
18111.
18286.
18059.
18199.
18113.
18015.
18131.

|
|
|
|
1
|
|
|
|
|
|
|

1

|
|

5 2 .6
5 2 .8
5 2 .9
5 3 .3
5 3 .2
5 3 .5
5 3 .9
5 9 .1
5 9 .3
5 9 .8
5 9 .9
5 5 .9
5 5 .7
5 5 .8
5 5 .9
5 6 .3
5 6 .5
5 6 .6
5 7 .1
5 6 .9
5 7 .2
5 7 .2
5 7 .3
5 7 .5

J l
II
II
II

11

II
II
II

11

II
II
II
II
1|

11

II
II
II
II
II
II
II
II
II

11
11
II

11
II
II
II

11

II
II
II
II
II
II

11
II

11

II

11
II
II

11

II

11

II

11

II
II
II

NOT

SEA SO N A LLY

|
NON| B O R R O W ED
R
E
SERVES
1

ADJUSTED

| R E Q U IR E D
| RESERVES
1

| M O NETARY
|
BA SE

1

1 6 6 7 5 7 "|
16252. |
16198. |
16268. |
16293. |
16389. |
16575. |
16325. |
16592. |
16550. |
16686. |
17169. |
|

1 6 5 2 7 T "|
16087. I
16050. |
16138. |
16083. |
16130. |
16277. |
15996. 1
16223. |
16230. |
16337. 1
16832. |

16168.
15791.
15765.
15811.
15863.
15972.
16121.
15880.
16119.
16152.
16295.
16679.

|
|
\
|
f
|
|
|
\
J
|
|

9 7 .9
9 7 .3
9 7 .5
9 7 .8
9 7 .9
9 8 .9
9 9 .0
9 8 .8
9 9 .1
9 9 .3
9 9 .9
5 1 .0

17125.
16655.
16726.
16727.
16709.
16965.
17091.
16990.
17289.
17356.
17988.
17838.

16685.
16258.
16339.
16375.
16359.
16590.
16665.
16569.
16853.
16958.
17080.
17932.

|
|
|
|
|

|
|
|
|
|
|
|

16850.
16369.
16998.
16516.
16998.
16697.
16777.
16675.
16939.
17039.
17088.
17579.

|
|
|
|
|
|

5 0 .2
9 9 .6
5 0 .0
5 0 .1
5 0 .9
5 1 *0
5 1 .9
5 1 .5
5 1 .8
5 2 .1
5 2 .7
5 3 .5

17851.
17965.
17502.
17691.
17663.
17869.
17989.
17735.
17882.
18055.
18012.
18669.

|
|
|
|
|
|
|
|
|
|
|
|

17551.
17061.
17091.
17220.
17168.
17332.
17961.
17188.
17328.
17567.
17580.
18220.

17936.
17053.
17136.
17350.
17330.
17507.
17637.
17339.
17973.
17697.
17660.
18290.

|
|
|
|
|
|
|
I
|
|
|
|

5 2 .9
5 2 .9
5 2 .5
5 2 .8
5 3 .0
5 3 .5
5 9 .1
5 3 .9
5 9 .2
5 9 .8
5 5 .3
5 6 .5

18717.
18215.
18189.
18973.
18909.
18991.
18719.
18207.
18398.
18991.
18391.
18802.

|
|
|
|
|
|
f
|
|
|
|
f

18297.
17733.
17629.
17837.
17716.
17783.
17972.
17972.
17630.
17706.
17739.
18270.

18339.
17868.
17897.
18118.
18063.
18135.
18336.
17890.
18028.
18108.
17956.
18963.

|
|
|
|
|
|
|
|
|

5 6 .0
5 5 .3
5 5 .5
5 6 .0
5 6 .2
5 6 .5
5 7 .3
5 6 .8
5 7 .0
5 7 .2
5 7 .6
5 8 .7

|
|
|
|

1

|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|

1

1

|
I




TABLE 5
I3GREGATE RESERVES C MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1
1
1
1
1
1959

1960

1961

1962

I
JA N ...|
FEB- ••\
H A R ...1
A P R ...|
R A Y ...!
J U R ...I
J O L ...|
A U G ...!
S E P ...!
O C T .. . |
N O V ...1
D E C .. • |

SEA SO N A LLY
TOTAL
RESERVES

ADJUSTED

!
NON| ‘ R i Q O IR E i T T * N O N E T A R Y *|
( BO RRO W ED | R E S E R V E S 1
BA SE
I
!
!
! RESERVES 1

1

15192.
15211.
15167.
15218.
15155.
15055.
15221.
15293.
15242.
15160.
15152.
15188.

|
|
!
(
|
|
!
|
|
|
|
t

14640.
14706.
14568.
14527.
14414.
1 *1 2 6 .
14260.
14302.
14315.
14253.
14294.
14247.

f
|
(
|
!
|
|
(
|
|
I
|

14694.
14757.
14707.
14787.
14734.
16649.
14805.
14845.
14799.
14720.
14708.
14682.

JA N ...|
F E B ...|
R A R ...!
A P R ...I
H A Y ...I
J0 H ...I
J O L ...|
A U G ...!
S E P ...I
O C T .. . |
NOV . . . |
D E C ...!
■

15129.
14901.
14805.
14780.
14875.
14930.
15076.
15197.
15279.
15381.
15481.
15409.

!
)
!
|
|
|
|
!
|
|
I
|
■

14242.
14091.
14164.
14175.
14360.
14496.
14697.
14902.
15064.
15214.
15348.
15335.

1
|
|
|
|
|
|
|
|
|
|
|
•

14615.
14447.
14382.
14354.
K431.
14451.
14575.
14655.
14653.
14719.
14738.
14665.

|
|
|
|
!
!
|
|
|

JA N ...!
F E B .• • t
H A R ...|
A P R .• • |
H A Y ...I
J U N ...J
JU L ...I
A U G ...I
SE P ...!
O C T .. . |
N O V ...I
D E C ...1
|

15500.
15455.
15352.
15380.
15312.
15383.
15444.
15615.
15698.
15881.
15964.
15978.

|
!
|
|
|
!
!
!
|
|
|
|

15435.
15322.
15282.
15323.
15217.
15320.
15390.
15550.
15660.
15810.
15866.
15845.

|
!
|
|
|
!
|
!
|
!
|
|
•

14729.
14806.
14806.
14764.
14757.
14792A
14828.
15036.
15118.
15349.
15373.
15394.

J A N ...|
F E B ,..!
H A R ...I
A P R ...!
N A Y ...I
J 0 N ...I
JO L ...!
A U G ...|
S E P ...|
O C T ...|
N O V ...|
D E C ...|

15990.
15830.
15822.
15931.
16014.
15979.
16066.
16041.
16105.
16214.
16258.
16428.

|
!
|
!
|
|
|
|
!
|
|
|

15903,
15763.
15733.
1 *5 8 5 9 .
15953.
15877.
15974.
15917.
16024.
16151.
16137.
16168.

|
|

15367.
15328.
15351.
15439.
15497.
15506.
15532.
15511.
15615.
15736.
15701.
15857.

1

1
|
|
|
|
|
|
|
|
|

NOT

!

!
|
|
|
!
|
|
|
|
|

1

TOTAL
RESERVES

14921.
14685.
14554.
14786.
14682.
14607.
14795.
14693.
14726.
14717.
14735.
14972.

|
|
!
|
t
|
|
|
|
|
|
|
|

4 4 .5
4 4 .0
4 4 .0
4 4 .2
4 4 .3
4 4 .4
4 4 .8
4 4 .8
4 4 .7
4 4 .7
4 4 .9
4 5 .5

15385.
14836.
14672.
14746.
14822.
14900.
15070.
15053.
15211.
15382.
15505,
15698.

|
|
|
|
|
I
|
)
|
|
|
|
|

14498.
14026.
14031.
14141.
14326.
14466.
14691.
14758.
14996.
15215.
15372.
15624.

|
!
|
|
|
!
|
f
I
|
I
|
■

14871.
14382.
14249.
14320.
14377.
14420.
14569.
14511.
14584.
14719.
14762.
14955.

!
|
|
|
|
|
|
!
|
|
|
|

4 4 .8
4 4 .0
4 3 .9
4 4 .0
4 4 .1
4 4 .3
4 4 .7
4 4 .6
4 4 .8
4 5 .0
4 5 .3
4 5 .8

|
1
|
|
|
!
|
1
|
|
|
|

15752.
15390.
15231.
15291.
15243.
15375.
15435.
15501.
15635.
15899.
16011.
16283.

|
!
|
!
!
!

|
!

|
|
|
!
|

15686.
15257.
15161.
15234.
15147.
15312.
15381.
15436.
15597.
15828.
15913.
16150.

14980.
14741.
14686.
14675.
14687.
14785.
14819.
14922.
15055.
15366.
15419.
15699.

|
|
|
|
|
|
|
|
|
|
|
|
■

4 5 .2
4 4 .5
4 4 .4
4 4 .5
4 4 .5
4 4 .8
4 5 .2
4 5 .2
4 5 .5
4 5 .9
4 6 .3
4 7 .1

|
|
|
!
|
|
|
|
|
|
!
|

16237.
15745.
15695.
15824.
15910.
15968.
16075.
15921.
16062.
16240.
16295.
16705.

|
!
|
|
|
|
|
|
!
|
!
|

16150.
15677.
15606.
15752.
15849.
15866.
15984.
15797.
15982.
16178.
16174.
16445.

15614.
15243.
15224.
15332^
15393.
15495.
15541.
15392.
15572.
15763.
15738.
16133.

|
|
|
!
|
1
|
!
|
|
!
|

4 6 .4
4 5 .7
4 5 .8
4 6 .1
4 6 .2
4 6 .6
4 7 .0
4 6 .8
4 7 .0
4 7 .2
4 7 .7
4 8 .5

4 4 .6
4 4 .4
4 4 .3
4 4 .3
4 4 .4
4 4 .4
4 4 .6
4 4 .7
4 4 .8
4 5 .0
4 5 .0
4 4 .9

|
|
|
|
|
|
|
|
!
!
|
|
|

|
|
|
!
|
!
|
!
|
|
!
|

4 4 .9
4 4 .9
4 4 .8
4 4 .9
4 4 .8
4 4 .9
4 5 .1
4 5 .3
4 5 .5
4 5 .8
4 5 .9
4 6 .1

|
t
|

4 6 .2
4 6 .1
4 6 .2
4 6 .5
4 6 .6
4 6 .7
4 6 .8
4 6 .9
4 7 .0
4 7 .2
4 7 .3
4 7 .6

|
|
|

1

|
(
|
|
|
!
(
|

! H ONETART
|
BA SE
t

|
|
t
|
|
|
|
|
|
|
|
|
|

15419,
15138.
15015.
15217.
15104.
15014.
15211.
15141.
15168.
15157.
15179.
15478.

1

1

! R E Q U IR E D
| RESERVES
t

14867.
14633.
14415.
14526.
14362.
14064.
14250.
14150.
14242.
14250.
14320.
14536.

!
!
)
|
|
|
(
|
|
|
!
!

1

NON|
| B O R R O W ED
1 RESERVES

A 0JO ST ED

|
|
|
|
|
|
|
|
|
|
|
|
|

4 4 .3
4 4 .4
4 4 .4
4 4 .4
4 4 .6
4 4 .5
4 4 .7
4 4 .9
4 4 .7
4 4 .6
4 4 .6
4 4 .6

|
|

SEA SO N A LLY

1

1
!
|
|
|
1
|
|
|
|
!
!

1
t
|
!
|
|
!
|
!
|

1




TABLE 6
AGGREGATE RESERVES & MONETARY BASE
ADJUSTFD POP CHARGES IR RESERVE REQUIREMENTS
I
I.
TOTAL
I
I RESERVES
I
1961

7 ...|
1 4 ...|
21 . . . \
2 8 ----- 1
4 ...|
11. . . |
1 8 ...|
25. . . \
4 ...|
11. . . |
1 8 . . .|
2 5 ...|
1. . . |
8. . . |
1 5 . . .|
22-----I
2 9 ...|
6. . . |
13. . . \
20. . • |
2 7 ...|
3...|
10. . . |
1 7 . . .|
2 4 . . .|
1...|
8... |
1 5 ...|
22...|
JOL 2 9 . . . |

JA R
JA R
JA R
JAR
PEB
PEB
FEB
PEB
BAR
BAR
BAR
BAR
APR
APR
APR
APR
APR
H AY
N AY
H AY
H AY
JO N
JU R
JO N
JU R
JO L
JU L
JO L
JO L

38868.
39019.
39587.
39204.
39296.
38536.
39254.
38644.
39443.
38856.
39025.
38873.
39353.
38445.
39122.
39554.
39818.
40042.
39332.
39509.
39410.
39453.
38940.
39317.
39491.
39657.
39443.
39223.
39968.
39857.

SEA SO N A LLY

ADJO STED

|
ROE| R E Q U IR E D
| BORROW ED | R E S E R V E S
R
E
S
E
R
V
E
S
|
1

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

37751.
37687.
38168.
37411.
38095.
37423.
38109.
36931.
38144.
38088.
38251.
37985.
37889.
37558.
37980.
38690.
37540.
37571.
37598.
37534.
36487.
37499.
36733.
37422.
37186.
37922.
37577.
37928.
38238.
37879.

|
|
|
|
|
|
I
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

385637“
38830.
39266.
38804.
38929.
38208.
38811.
38739.
38935.
38592.
38868.
38881.
38891.
38387.
38799.
39557.
39758.
39743.
39283.
39438.
39128.
39248.
38820.
39082.
39162.
39312.
39113.
39160.
39659.
39559.

_
| HORBTARY
|
BA SE

1
|
|
|
|
1

1

|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1
1

|
1

NOT S E A S O N A L L Y
TOTAL
RESERVES

1
1587”
1 5 8 .5
1 5 9 .2
1 5 8 .7
1 5 8 .9
1 5 8 .2
1 5 9 .6
1 5 8 .9
1 5 9 .6
1 5 8 .9
1 5 9 .4
1 5 9 .4
1 6 0 .3
1 5 9 .2
1 6 0 .0
1 6 1 .2
1 6 1 .3
1 6 1 .7
1 6 1 .2
1 6 1 .5
1 6 2 .1
1 6 1 .0
1 6 0 .9
1 6 1 .6
1 6 1 .9
1 6 2 .2
1 6 2 .4
1 6 2 .1
1 6 3 .2
1 6 3 .2

|

1
|

1
|
|

1
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|

39946.
40717.
41802.
40307.
39742.
38460.
3 9 1 8 0 ..
38258.
38897.
38084.
38619.
38431.
39127.
37900.
38960.
39775.
40138.
40410.
38993.
39155.
38830.
38690.
37992.
39057.
39234.
39815.
38999.
39189.
40228.
39830.

NON|
| BO R RO W ED
R
E
SERVES
1

1

|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

38829.
39385.
40383.
38514.
38541.
37347.
38035.
36545.
37598.
37316.
37845.
37543.
37663.
37013.
37818.
38911.
37860.
37939.
37259.
37180.
35907*
36736.
35785.
37162.
36929.
38080.
37133.
37894.
38498.
37852.

ADJUSTED

| R E Q U IR E D
| RESERVES
|

1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|

1

39641.
40528.
41481.
39907.
3 9 3 7 5 ,.
38132.
38737.
38352.
38389.
37820.
38462.
38439.
38665.
37842.
38637.
39778.
40079.
40111.
38944.
39084.
38548.
38485.
37872.
38822.
38905.
39470.
38669.
39126.
39919.
39532.

| HORETARY
|
BASE

1
l_
|
|
|
|
|
|

1

|
|
|
|
|
I

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1 6 0 *9
1 6 0 .4
1 6 0 .4
1 5 7 .5
1 5 7 .6
1 5 7 .5
1 5 8 .6
1 5 6 .0
1 5 7 .4
1 5 7 .7
1 5 8 .1
1 5 7 .4
1 5 8 .3
1 5 9 .0
1 6 0 .3
1 6 0 .6
1 5 9 .7
1 6 1 .7
1 6 0 .8
1 6 0 .5
1 6 0 .3
1 6 0 .1
1 6 0 .9
1 6 1 .6
1 6 1 .2
1 6 1 .8
1 6 4 .1
1 6 3 .4
1 6 3 .8
1 6 2 .4




TABLE 6
AGGREGATE RESERVES 6 MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS
SEA SO N A LLY

ADJUSTED

|

1
1
1
1

1980

JAN
2. . . |
9 ...I
JAN
1
6 ...1
JAN
JA N 2 3 . . . |
JAN 3 0 . . . |
6. . . |
FEB
FEB 1 3 . . . 1
FEB 20. . . |
FEB 2 7 . . . |
MAR
5 ... |
MAR 12 . . . |
MAR 1 9 . . . |
MAR 2 6 . . . |
APR
2. . . I
APR
9... |
A PR 16...|
APR 2 3 . . . |
APR 3 0 . . . |
7...|
NAY
HAY 14...|
H AY 21 . . . |
H AY 2 8 . . . |
4... |
JO N
J O N 11... |
JO N 1 8 . . . |
JO N 2 5 . . . V
JO L
2 ...I
9...|
JO L
JO L 1 6 . . . |
JO L 2 3 . . . |
J O L 3 0 . . .|
AOG
6. . . I
AOG 1 3 . . . |
AOG 20. . • j
AOG 2 7 . . . |
3...|
SEP
S E P 10 . . . |
SEP 1 7 . . . |
S E P 24...|
OCT
1 ...I
OCT
8...|
OCT 1 5 . . . |
O C T 22. . : |
OCT 2 9 . . . |
NOV
5 ...I
NOV 12 . . . |
NOV 1 9 . . . 1
NOV 2 6 . . . |
DEC
3...|
D E C 10. . . |
D E C 1 7 . . .|
DEC 2 4 . . . |
DEC 3 1 . . . |

TOTAL
RESERVES

36841.
36836.
36976.
36510.
36705.
36408.
35887.
37267.
36570.
36680.
36269.
36845.
36354.
36936.
36322.
36454.
37032.
36775.
36857.
36144.
36933.
36210.
37113.
36001.
36565.
36599.
36874.
36677.
36746.
36271.
37087.
37107.
36352.
37534.
37303.
37858.
37392.
37704.
38127.
38259.
37801.
37655.
38224.
38186.
38938.
38663.
39364.
39467.
39619.
38636.
39379.
39356.
39192.

|
NON| BO RRO W ED
i RESERVES
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
t
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
1

1

|
|
\
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|

35410.
36106.
35749.
35307.
34886.
35650.
34648.
35075.
34510.
34174.
32831.
33845.
33695.
34674.
33938.
34178.
34479.
34112.
35526.
35124.
36095.
35086.
36654.
35600.
36169.
36281.
36526.
36462.
36414.
35917.
36458.
36279.
35962.
37189.
36603.
36510.
36798.
36491.
36497.
36386.
36553.
36548.
37021.
36746.
37060.
36596.
37385.
37252.
37477.
36850.
37874.
37707.
37565.

| R E Q U IR E D
| RESERVES
|

1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|

36289.
36708.
36593.
36384.
36462.
35896.
35939.
36725.
36777.
36149.
36191.
36665.
36373.
36649.
36164.
36247.
36795.
36615.
36529.
36109.
36654.
3622936728.
35862.
36420.
36439.
36583.
36175.
36479.
36260.
36778.
36497.
36258.
37210.
37178.
37384.
37214.
37369.
38048.
37909.
37449.
37420.
38146.
38150.
38371.
38259.
38771.
39148.
38723.
38374.
38990.
38780.
38730.

1 HONETARY
|
BA SE

1
1

|
|

1

|
1
|
|
|
|
|
t
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
(
|
|
|
I
|

1

|
|
|
|

1
1
|
|

1
1 4 6 .1
1 4 6 .5
1 4 6 .8
1 4 6 .6
1 4 7 .1
1 4 6 .9
1 4 6 .6
1 4 8 .1
1 4 7 .6
1 4 8 .0
1 4 7 .8
1 4 8 .5
1 4 8 .1
1 4 8 .6
1 4 8 .1
1 4 7 .8
1 4 8 .9
1 4 9 .0
1 4 9 .4
1 4 8 .9
1 5 0 .0
1 4 9 .7
1 5 0 .7
1 4 9 .5
1 5 0 .3
1 5 0 .6
1 5 1 .2
1 5 1 .1
1 5 1 .3
1 5 1 .1
1 5 2 .4
1 5 2 .9
1 5 2 .2
1 5 3 .4
1 5 3 .5
1 5 4 .2
1 5 3 .5
1 5 4 .2
1 5 4 .8
1 5 5 .3
1 5 5 .0
1 5 5 .2
1 5 6 .0
1 5 6 .2
1 5 7 .2
1 5 7 .0
1 5 7 .9
1 5 8 .1
1 5 8 .5
1 5 7 .5
1 5 8 .4
1 5 8 .4
1 5 8 .8

1
|
|
|
|
|
|
1
|
|
|
|
V
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|

NOT S E A S O N A L L Y
TOTAL
RESERVES

NON|
| B O R R O W ED
R
E
SERVES
1

3 7 9 1 7 7 ” |'
37878. |
39488. 1
38329. |
37701 * 1
36999. 1
35612. |
37078. |
35889. 1
36057. |
354 71. |
36448. |
35844. |
36572. |
35506. |
36500. |
37372. |
37368. 1
37025. |
35816. |
36390. |
35533. |
36156. |
34966. |
36439. |
36276. |
37089. |
36161. |
36925. |
36803. |
37292. J
36864. |
35902. |
37391. |
36863. |
37483. |
36633. |
37135. 1
38005. |
3 8 5 9 0 ..|
37489. |
37523. |
38497. |
38257. |
38881. |
38358. |
39683. |
39378. |
39834. |
38563. |
40011. |
39850. |
40126. |

36486.
37148.
38261.
37126.
35882.
36241.
34373.
34886.
33829.
33551%
32033.
33448.
33185.
34310.
33122.
34224.
34819.
34705.
35694.
34796.
35552.
34409.
35697.
34565.
36043.
35958.
36741.
35946.
36593.
36449.
36663.
36036.
35512.
37046.
36163.
36135.
36039.
35922.
36375.
36717.
36241.
36416.
37294.
36817.
37003.
36291.
37704.
37163.
37692.
36777.
38506.
38201.
38499.

ADJUSTED

| R E Q U IR E D
| RESERVES
|

1 HONETARY
|
BASE

|
|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
)
|
|
|
|

1

|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|

37365.
37750.
39105.
38203.
37458.
36487.
35664.
36536.
36096.
35526.
35393.
36268.
35863.
36285.
35348.
36293.
37135.
37208.
36697.
35781.
36111.
35552.
35771.
34827.
36294.
36116.
36798.
35659.
36658.
36792.
36983.
36254.
35808.
37067.
36738.
37009.
36455.
36800.
37926.
38241.
37137.
37288.
38419.
38221.
38314.
37954.
39090.
39059.
38938.
38301.
39622.
39274.
39664.

1
1 4 8 .4
1 4 8 .8
1 4 9 .2
1 4 7 .3
1 4 5 .6
1 4 6 .5
1 4 5 .3
1 4 6 .8
1 4 4 .6
1 4 6 .0
1 4 6 .4
1 4 7 .2
1 4 5 .9
1 4 7 .1
1 4 7 .9

14 8.0
1 4 8 .4
1 4 7 .9
1 4 9 .5
1 4 8 .3
1 4 8 .7
1 4 8 .1
1 4 9 .1
1 4 9 .2
1 5 0 .4
1 4 9 .7
1 5 1 .1
1 5 2 .7
1 5 2 .6
1 5 2 .0
1 5 1 .8
1 5 3 .5
1 5 2 .6
1 5 3 .6
1 5 2 .3
1 5 4 .0
1 5 3 .9
1 5 3 .8
1 5 4 .0
1 5 4 .3
1 5 5 .3
1 5 5 .6
1 5 6 .0
1 5 5 .0
1 5 7 .1
1 5 8 .3
1 5 9 .3
1 5 8 .8
1 6 0 .1
1 6 0 .0
1 6 1 .3
1 6 2 .1
1 6 1 .5




TABLE 6
AGGREGATE RESERVES S HONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS

1
1.
1
I

SEA SO N A LLY
TOTAL
RESERVES

1

1979

JAN
JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
HAR
BAR
HAR
HAR
APR
APR
APR
APR
H AY
H AY
H AY
H AY
H AY
JO N
JO N
JO N
JO N
JO L
JO L
JO L
JO L
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

3 ...1

10. . . I
1 7 ...1
2 4 ...|
3 1 ...|
7. • • |
1 4 ...|
21 . . . |
2 8 ...|
7 ... |
1 4 ...I

2 1...1
2 8 ...|
4 ... \

11...1

1 8 ...|
2 5 ...1
2. . . |
9 ... |
1 6 ...I
2 3 ...!
3 0 ...!

6 ...1

1 3 ...1
20. . . |
2 7 ...1
4 ... |
1 1 -----|
1 8 ...!
2 5 ...!
1.. . |
8. . . 1
1 5 ...|
22. . . |
2 9 ...|
5 ... |
12 . . . !
1 9 ... |
2 6 ...?
3 ... |
10. . . (
1 7 ...!
2 4 ... 1
3 1 ... |
7 ... |
1 4 ...1
21 . . . !
2 8 ...|
5 ... |
12 . . . J
1 9 -----|
2 6 ... |

36038.
34745.
35925.
35277.
35619.
35087.
34884.
35090.
34262.
35035.
34598.
34700.
34368.
34791.
34321.
34761.
34682.
35140.
34797.
34885.
34468.
34558.
34708.
34235.
34839.
34688.
35297.
34405.
35183.
34990.
35151.
34950.
35185.
35053.
35463.
35447.
35073.
35449.
35473.
35857.
35980.
35809.
35702.
36528.
36134.
35920»
36186.
36006.
36385.
36513.
36395.
36773.

ADJUSTED

|
NON| R E Q U IR E D
( B O R R O N ED | R E S E R V E S
1 RESERVES' 1

1
1

|
I
|
|
|
|
|
|
|
|
!
|
!
|
I
!
»
|
!
|
|
!
|
f
|
i
I
\
*
|
!
|
I
|
|
!
|
|
|
!
|
!
f
!
|
t
|
|
|
!
|

34855.
34059.
35029.
34354.
34191.
34270.
33830.
34152.
33179.
34008.
33716.
33676.
33286.
33924.
33693.
33812.
33691.
33923.
33309.
33126.
32765.
32231.
33368.
32936.
33515.
33102.
33620.
33464.
34001.
33698.
34205.
34180.
34162.
33667.
34346.
34107.
33843.
33687.
34314.
34743.
35043.
34281.
32742.
33477.
34206.
34059.
34322.
34011.
34566.
35224.
34709.
35548.

|
|
|
|
|
|
|
i
!
(
|
|
|
(
|
|
!
!
|
(
(
!
t
f
|
|
|
!
|
|
|
f
|
|
I
i
|
!
|
!
I
|
!
!
|
(
|
|
!
t
I
|

35312.
34867.
35521.
35261.
35279.
34808.
34773.
34733.
34173.
34831.
34497.
34554.
34285.
34403.
34165.
34603.
34569.
34990.
34723.
34628.
34451.
34375.
34348.
34157.
34707.
34537.
34651.
34442.
34816.
35004.
34861.
34809.
34886.
35039.
35093.
35042.
34975.
35252.
35447.
35490.
35439.
35825.
35538.
36169.
35725.
35623.
36081.
35840.
36137.
36147.
36243.
36407.

| HONETARY
|
BASE
I
!
|
|
|

1

\
|
|
|
|
|
I
|
t
|
|
!
!
|
|
|

1

|
|
|
|
*
(
f
\
\
I
|
)

1

|

1
(
|
)
!
!
|
|
|
f
!
)

1

)
)
|

1 3 6 .2
1 3 5 .0
1 3 6 .4
1 3 6 .0
1 3 6 .5
1 3 6 .1
1 3 6 .0
1 3 6 .4
1 3 5 .7
1 3 6 .8
1 3 6 .4
1 3 6 .7
1 3 6 .6
1 3 7 .2
1 3 6 .8
1 3 7 .4
1 3 7 .5
1 3 8 .1
1 3 8 .0
1 3 8 .3
1 3 8 .1
1 3 8 .3
1 3 8 .7
1 3 8 .4
1 3 9 .1
1 3 9 .2
1 4 0 .1
1 3 9 .3
1 4 0 .2
1 4 0 .2
1 4 0 .7
1 4 0 .8
1 4 1 .3
1 4 1 .4
1 4 2 .0
1 4 2 .1
1 4 2 .0
1 4 2 .6
1 4 2 .7
1 4 3 .4
1 4 3 .7
1 4 3 .6
1 4 3 .5
1 4 4 .5
1 4 4 .3
1 4 4 .3
1 4 4 .6
1 4 4 .5
1 4 4 .5
1 4 5 .1
1 4 5 .1
1 4 5 .8

f
I
|
|

NOT
TOTAL
RESERVES

1
1
|
|
|
|
!
|
|
|
|
|
!
|
|
|
|

1

|
|
|

1
\
|
|
!
|
|
!
!

1

|
|
|
|
|
|
|
!
|
|
|
!
|
|
!
!
|
|
|
|
\

1

37378.
35602.
38717.
36860.
36515.
35423.
34623.
34867.
33638.
34358.
33906.
34430.
33921.
34418.
33408.
35257.
34831.
35861.
34683.
34716.
33747.
33895.
33804.
33466.
34824.
34411.
35740.
33684.
35744.
30401.
35338.
34438.
34860.
34760.
35214.
35042.
34256.
34956.
35568.
3 6 1 1 7 .,
35254.
36510.
35623.
36894.
35896.
35648.
36571.
35880.
36662.
36472.
36881.
37120.

SEA SO N A LLY

|
NON| BORRONED
1 RESERVES
|
|
|
|
|
|
|
|
|
|
|

1

|
)
|
|
t
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
(
|
|
|
|
|
|
|
\
|
|
|
|
1
\
|
|
|
|
|

36195.
34916.
37821.
35937.
35087.
34606.
33569.
33929.
32555.
33331.
33024.
33406.
32839.
33551.
32780.
34308.
33840.
34644.
33195.
32957.
32044.
31568.
32464.
3 2 *6 7 .
33500.
32825.
34063.
32743.
34562.
34109.
34392.
33676.
33837.
33374.
34097.
33702.
33026.
33194.
34409.
35003.
34317.
34982.
32663.
33843.
33968.
33787.
34707.
33885.
34843.
35183.
35195.
35895.

A DJUSTED

| R E Q U IR E D
| RESERVES
|

1
|
|
|
|
|

1

|
|
|
|
I
|
|
|
f
|
|
|
|
|
|
|
|
|
|
\
|
|
|
|
|
|
|

1

|
\
|
|
|
|
|
I
|
|
|
|
|
|
J

1

|
|

3665235724.
38313.
36844.
36175.
35144.
34512.
34510.
33549.
34154.
33805.
34284.
33838.
34030.
33252.
35099.
34718.
35711.
34609.
34459.
33730.
33712.
33444.
33388.
34692.
34260.
35094.
33721.
35377.
35415.
35048.
34297.
34561.
34746.
34844.
34637.
34158.
34759.
35542.
35750.
34713.
36526.
35459.
36535.
35487.
35351.
36466.
35714.
36414.
36106.
36729.
36754.

| HONETARY
|
BA SE

1
1
|
|
|
|
|
|
|
|
|
|
|
|

1
1
I
\
|
|
|
|
|

1

|
|
|
|
|
|
|
|

1

|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
I
!
!
|
1
|

1 3 8 .7
1 3 6 .9
1 3 9 .0
1 3 6 .3
1 3 5 .2
1 3 5 .6
1 3 4 .8
1 3 5 .0
1 3 3 .1
1 3 5 .5
1 3 4 .9
1 3 5 .4
1 3 4 .4
1 3 6 .0
1 3 6 .3
1 3 8 .1
1 3 6 .5
1 3 7 .5
1 3 8 .1
1 3 7 .9
1 3 6 .6
1 3 7 .0
1 3 8 .1
1 3 8 .0
1 3 9 .0
1 3 8 .2
1 4 1 .1
1 4 0 .1
1 4 1 .7
1 4 0 .8
1 4 0 .5
1 4 1 .4
1 4 1 .7
1 4 1 .3
1 4 0 .8
1 4 2 .6
1 4 1 .8
1 4 1 .9
1 4 1 .8
1 4 3 .0
1 4 4 .0
1 4 4 .6
1 4 3 .1
1 4 3 .8
1 4 4 .8
1 4 5 .1
1 4 6 .0
1 4 4 .9
1 4 6 .2
1 *7 . 2
1 4 7 .8
1 4 9 .3




TABLE 6
AGGREGATE RESERVES B MONETARY BASE
ADJOSTED POR CHANGES IN RESERVE REQOIREHENTS

1978

JAN
JA N
JAN
JAM
FEB
FEB
FEB
FEB
. MAR
MAR
MAR
MAR
BAR
APR
APR
APR
APR
H AT
H AT
H AT
HAT
H AT
JO E
JO N
JO N
JO M
JO L
JO L
JO L
JO L
AUG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
O CT
OCT
OCT
OCT
MOV
MOV
MOV
MOV
MOV
DEC
DEC
DEC
DEC

1
1.
1 TOTAL |
1 RESERVES |
1
1
1

A ... |
11. . . |
1 8 .• • |
2 5 ...|
1... |
8. . . |
1 5 ...1

2 2 ...1
1... 1
8. . . |

1 5 ...1
22. . .|
2 9 . . .|
5 ... |
12 . . . |
1 9 ...|
2 6 ...1
3 ...I

1 0 ...1

1 7 ... |
2 4 ... |
3 1 ...1
7 ... |
1 4 ...|
21 . .
2 8 ...1
5 ...|
12 . . .|
1 9 . . .|
2 6 ...|
2. . . |
9 ...1
1 6 ...|
2 3 ...|
3 0 ... |
6. . . |
1 3 ...1
20. . . |
2 7 ...1
4 ... |
11... 1
1 8 ...1
2 5 ... |

1...1
8. . . |

1 5 ...1
22. . .|
2 9 ...!
6. . . |
1 3 ...|
20. . . |
2 7 ___ |

33748.
33526.
34405.
34039.
33975.
34217.
34358.
34088.
33821.
33777.
33715.
33840.
33920.
34075.
33848.
34397.
33923.
34491.
34463.
34419.
34419.
34730.
34411.
34892.
34883.
34767.
35544.
34531.
35889.
34816.
35013.
34824.
35168.
34732.
35103.
35158.
35037.
35016.
35243.
35311.
35702.
35114.
35342.
35126.
35369.
35210.
35148.
35384.
35258.
34976.
35244.
34891.

|
|
|
I
|
|
!
|

1

|
|
!
|
|
|
|
I
|
|
|
!
|
|
!
|
|
|
|
|
|
|
(
|
I
|
|
|
t
|
|
|
|
|
|
I
|

1

|
|
|
|
|

SEA SO N A LLY

33242.
33084.
33987.
33447.
33506.
33724.
34077.
33642.
33430.
33381.
33467.
33560.
33534.
33771.
33677.
34159.
33114.
32827.
32775.
33553.
33718.
33331.
33766.
34099.
33689.
33051.
34351.
33628.
34300.
33354.
33575.
33946.
34205.
33126.
34080.
33993.
34527.
34093.
33683.
34025.
34463.
33864.
34028.
33821.
34671.
34577.
34544.
34592.
34560.
34385.
34677.
33478.

1

|
t
|
|
|
|
|
|
|
|

1

|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
I
|
|
I
|
t
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1
1

ADJUSTED

MON| R E Q U IR E D
BO RRO W ED | R E S E R V E S
RESERVES |
33461.
33221.
34144.
33724.
33817.
33847.
34180.
33796.
33701.
33513.
33584.
33692.
33685.
33768.
33860.
34092.
33980.
34176.
34280.
34413.
34172.
34331.
34362.
34779.
34657.
34599.
34825.
34758.
35517.
34853.
34660.
34809.
34845.
34741.
34834.
34853.
34924.
34841.
35020.
35188.
35352.
35233.
35023.
35013.
35028.
34965.
34998.
35231.
34931.
34824.
35007.
34946.

1 HONETART
|
BASE
I
|
|
|
|
I
|
!
|
|
|
|
|
|
|
|
|
|
|

1

I
|

1

«

1
|

1

|
|
|
|
|
!
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
I

1
|

1 2 4 .7
1 2 4 .7
1 2 5 .7
1 2 5 .5
1 2 5 .7
1 2 6 .2
1 2 6 .4
1 2 6 .3
1 2 6 .2
1 2 6 .4
1 2 6 .5
1 2 6 .9
1 2 7 .1
1 2 7 .3
1 2 7 .1
1 2 7 .7
1 2 7 .5
1 2 8 .3
1 2 8 .7
1 2 8 .8
1 2 8 .9
1 2 9 .4
1 2 9 .3
1 2 9 .9
1 3 0 .1
1 3 0 .1
1 3 1 .1
1 3 0 .0
1 3 1 .5
1 3 0 .5
1 3 0 .9
1 3 0 .9
1 3 1 .5
1 3 1 .2

111 .8

1 3 2 .1
1 3 2 .2
1 3 2 .3
1 3 2 .7
1 3 3 .0
1 3 3 .6
1 3 3 .1
1 3 3 .4
1 3 3 .5
1 3 4 .1
1 3 4 .1
1 3 4 .2
1 3 4 .6
1 3 4 .7
1 3 4 .6
1 3 4 .9
1 3 4 .8

|
|
\

1

|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
1
|
!
|
|
1
|
|
|
|
|
1
|
|
|
|
|
|
|
|
t
|
1
|
|
|
|
I
|
|
|
|
|
|
|
|

NOT S E A S O N A L L T
TOTAL
RESERVES

MOM|
| BO R R O W ED
1 RESERVES

3 5 0 9 0 7 " |‘
34424. |
13960. |
35259. |
34625. |
34483. |
34270. |
33649. |
33320. |
32860. |
33155. |
33414. |
33572. 1
33755. |
33032. 1
34848. |
3 4 0 8 9 .. |
35046. |
34316. |
34510. |
33592. |
34037. |
33415. 1
34236. |
34803. |
34571. 1
36111. I
33887. |
36510. |
35052
|
35113. |
34220. |
34925. |
34365. |
34857. |
34652. |
34246. |
34461. |
35419. I
3 5 8 4 1 .. |
35094. |
35833. |
35177. |
35515. |
35035. |
35053. |
35400. |
353 73. I
35469. !
3505?
!
35815.
35307. .

34584.
33982.
36542.
34667.
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.

ADJUSTED

I R E Q U IR E D
| RESERVES
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
\
|
|
|
|
|
|
1
|
1
|
|
|
I
|

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.
36362.

1 HONETART
|
BA SE

1
1
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
1
|
|
|
|
|
|
|
!
|
I
|
|
|
|
1
|
|
|
|
!
|
|
|
1
|
1
|
|

1 2 7 .1
1 2 6 .3
1 2 8 .0
1 2 5 .5
1 2 4 .4
1 2 5 .8
1 2 5 .5
1 2 5 .1
1 2 3 .8
1 2 4 .9
1 2 5 .3
1 2 5 .6
1 2 5 .5
1 2 6 .5
1 2 6 .6
1 2 8 .1
1 2 6 .7
1 2 8 .1
1 1 8 .8
1 2 8 .7
1 2 7 .4
1 2 8 .2
1 2 8 .7
1 2 9 .6
1 2 9 .8
1 2 9 .2
1 3 2 .5
1 3 0 .8
1 3 2 .8
1 3 0 .7
1 3 0 .8
1 3 1 .5
1 3 1 .8
1 3 0 .9
1 3 0 .7
1 3 2 .5
1 3 1 .7
1 3 1 .5
1 3 1 .8
1 3 3 .2
1 3 3 .8
1 3 4 .1
1 3 2 .8
1 3 3 .1
1 3 4 .6
1 3 4 .9
1 3 5 .4
1 3 5 .2
1 3 6 .4
1 3 6 .5
1 3 7 .4
1 3 8 .1




TABLE 6
AGGREGATE RESERVES 3 HONETARY 3ASE
ADJUSTED POR CHANGES IN RESERVE PEQUIREHENTS

1
1
I

1
1
1
1977

J IN
J IN
J IN
J IN
PEB
PEB
PEB
PEB
N IR
BAR
N IR
BAR
BAR
IP R
IP R
IP R
IP R
H IT
H IT
H IT
H IT
JO N
JO N
JO N
JO N
JO N
JO L
JO L
JO L
JO L
IO G
IO G
IO G
IO G
IO G
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO?
NO?
NOV
NO?
NO?
DEC
DEC
DEC
DEC

5 ... |

12 ------ 1

1 9 ...1
2 6 ...|

2...1

9 ... |
1 6 ___ f
2 3 ... |
2. . . |
9 ... |
1 6 ... |
2 3 ...|
3 0 ... |
6. . . |
1 3 ...|

2 0 ...1

2 7 ...|
I.. . 1
11... |
1 8 ...1
2 5 ----- 1

1...1
8. . . |

1 5 ... |
22___ 1
2 9 ...|
6. . . |
1 3 ...|
20. . . |
2 7 . . .|
3 ... |
10. . . |
1 7 ...|
2 9 ... |
3 1 ...|
7 ... |
1 9 ...|
21 . . . |
2 8 ...1
5 ...|
12 . . . |
1 9 ...1
2 6 ...|
2. . . |
9. • • |
1 6 ...|
2 3 ...|
3 0 ...|
7 ... 1
1 9 ... |
21 . . . |
2 8 ...|

"
TOTAL
RESERVES

seaso n ally

|
|
|
|
\
|
|
\
|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|

1
|
\
|
|
|
|
|
I
|
|
\
|
|
|
|
|
|

1

|
f
|
|
I
|

1

|
f
(
|
|
|

1

|
|
|
|
|

1

|

1

32297.
32076.
31710.
32320.
31955.
31857.
31723.
31711.
31766.
31793.
31817.
31359.
32132.
31968.
31972.
32095.
32251.
32399.
31996.
32217.
31661.
32160.
31771.
31835.
31866.
31939.
32593.
32213.
32112.
32119.
32960.
32231.
31981.
30873.
31569.
32101.
32621.
31929.
32031.
32238.
31720.
31199.
31505.
32087.
32283.
32767.
32090.
32083.
32277.
32836.
32750.
32701.

1

1

|
|
|
|
|
|
|
\
|
|
|
|
|
|
|
|
|

1

|
|
|
f
|
|
|
|
|

1

|
1
|
|

31765.
31691.
31930.
31985.
31911.
31676.
31688.
31518.
31696.
31590.
31673.
31615.
31836.
31777.
31736.
32090.
32186.
32262.
32106.
32126.
31837.
31981.
31969.
31812.
32069.
32118.
32319.
32109.
32306.
32390.
32639.
32713.
32577.
32510.
32591.
32506.
32637.
32665.
32517.
32720.
32602.
32926.
32797.
32935.
33015.
32889.
32932.
32718.
32895.
33032.
33132.
33192.

NOT S E A S O N A L L Y

I

a d ju sted

| R E Q O IR E D
| RESERVES
|

1

32278.
32096.
31819.
32909.
32091.
31932.
31852.
31797.
31796.
31813.
31891.
31692.
32190.
32033.
32010.
32079.
32350.
32569.
32152.
32399.
31972.
32390.
31997.
32058.
32137.
32268.
32808.
32373.
32518.
32919.
33058.
32816.
32779.
32538.
32962.
32737.
32958.
32662.
32799.
33121.
32771.
33010.
32999.
33200.
33170.
33301.
32921.
33156.
32860.
33395.
33277.
33387.

"

|
NON| BO RRO W ED
R
E
S
ERVES
1

| HONETARY
|
BASE

1
1
|
|
|
1
|
|
|
f
|
|
|
|
1

1

|
|
1
|
|
|
|
|
|
|
|
|
\
|
|

1

\
|
|
1
|

1

|
|

1

|
|
|
1
|
|
|
|
[
|
|
|

1 1 5 .1
1 1 5 .1
1 1 5 .1
1 1 5 .8
1 1 5 .6
1 1 5 .5
1 1 5 .6
1 1 5 .6
1 1 5 .8
1 1 6 .1
1 1 6 .2
1 1 6 .2
1 1 6 .8
1 1 6 .9
1 1 7 .0
1 1 7 .2
1 1 7 .5
1 1 7 .9
1 1 7 .7
1 1 8 .0
1 1 7 .7
1 1 8 .3
1 1 8 .1
1 1 8 .2
1 1 8 .9
1 1 8 .9
1 1 9 .6
1 1 9 .9
1 1 9 .6
1 1 9 .7
1 2 0 .5
1 2 0 .9
1 2 0 .5
1 2 0 .3

121.0
1 2 0 .9
1 2 1 .3

12 1.1
1 2 1 .9

122.0
121.8
122.2
1 2 2 .3
1 2 2 .7
1 2 2 .9
1 2 3 .2
1 2 2 .9
1 2 3 .3
1 2 3 .2
1 2 3 .9
1 2 9 .0
1 2 9 .2

|
|
I

TOTAL
RESERVES

|
|
|
|

33335.
33199.
39139.
33527.
32631.
31962.
31928.
31533.
31952.
30992.
31908.
31299.
32122.
31633.
31352.
3299932599.
33197.
32060.
32322.
31318.
31786.
31101.
31969.
320 28.
32399.
32999.
31970.
32850.
32537.
33252.
32232.
32728.
32129.
32665.
32123.
32372.
32237.
32929.
3 3 5 2 6 ..
32108.
33632.
32781.
33253.
32806.
33977.
33116.
33195.
32929.
33507.
33789.
39011.

1
1
|
|
|
|
[
|
|
|
|
1
|
|
|
|
\
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
\
|
|
|
|
|
|

A DJO STED

|
NON| BO R R O W ED
1 RESERVES

| R E Q O IR E D
| RESERVES
|

|
|
|
|
|
1
|
|
f
|
|
|
|
|
|
\
|
\
|
|
|
|

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
\
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

1

|
|
|
|
|
|
|
|

1
1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
\
1

33309.
33129.
39025.
33938.
32595.
31887.
31799.
31997.
31922.
30972.
31389.
30956.
32069.
31568.
31319.
32970.
32995.
3798231909.
32195.
31007.
31556.
30875.
31291.
31757.
32060.
32689.
31810.
37999.
32292.
32659.
31697.
31930.
30959.
31272.
31987.
32035.
31999.
32206.
32693.
31057.
31771.
31337.
32190.
31919.
32993.
32235.
32122.
32396.
32998.
33257.
33325.

32822.
32790.
39295.
33103.
32501.
31706.
31769.
31309.
31302.
30719.
31290.
31217.
31768.
31377.
31078.
32965.
32930.
32895.
32019.
32109.
31183.
31377.
31068.
31218.
31955.
32299.
32955.
31706.
32638.
32963.
32828.
32129.
32526.
32096.
32299.
31892.
32051.
32290.
32692.
33125.
31939.
33598.
32579.
32988.
32651.
33060.
33127.
32757.
32919.
33199.
33639.
33766.

| HONETARY
|
BA SE

1
1

|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|

1 1 7 .0 '
1 1 6 .7
1 1 6 .9
1 1 5 .5
1 1 9 .9
1 1 5 .1
1 1 9 .8
1 1 9 .3
1 1 3 .8
1 1 9 .9
1 1 5 .3
1 1 9 .9
1 1 5 .9
1 1 6 .7
1 1 6 .8
1 1 7 .2
1 1 6 .7
1 1 7 .9
1 1 7 .9
1 1 7 .9
1 1 6 .9
1 1 7 .5
1 1 7 .7
1 1 8 .0
1 1 8 .3
1 1 8 .3
1 2 1 .3
1 7 0 .0
1 2 0 .9
1 1 9 .6

120.8
121.0
121.0

1 1 9 .9
1 1 9 .8

121.2

1 2 0 .9
1 2 0 .3
1 2 0 .9

122.0
121.8
122.8
1 2 1 .9

122-0
1 2 3 .5
1 2 9 .2
1 2 3 .8
1 2 3 .8
1 2 9 .8
1 2 5 .6
1 2 6 .3
1 2 7 .1




TABLE 6
AGGREGATE RESERVES S MONETARY BASE
ADJUSTED FOR CHARGES IN RESERVE REQUIREMENTS
I
I
I
I
I

SEA SO N A LLY
TOTAL
RESERVES

1976

JAN
JAN
JAN
JA R
FEB
FEB
FEB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
H AY
HAY
H AY
H AY
JO N
JO N
JO N
JO N
JO N
JO L
JU L
JO I
JO L
AOG
AUG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
O CT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

7...|
1 4 ...|
21 . . . |
2 8 ...|

4...|
11 . . . |
18. . . \
2 5 ...|
1... |
8. • • |
1 5 ... |

22.. .1
2 9 ... |
6. . . |
1 3 ...|
20. . . |
2 7 ...|
3 ...|

10 ...1

1 7 ... |
2 4 ...|

1...1

8. . .

|
1 5 ...1
22...|
2 9 ...|

31129.
31113.
31266.
31046.
31465.
30794.
31427.
30822.
31421.
30950.
31027.
30806.
31237.
30814.
30883.
30973.
30890.
31583.
30750.
31181.
31007.
31265.
30768.
31360.
30638.
31522.
31436.
30934.
31113.
31040.
31551.
30929.
31447.
31138.
31333.
31097.
31244.
30812.
31272.
31299.
31050.
31329.
31257.
31699.
31240.
32049.
31350.
32022.
31383.
32096.
31632.
32013.

|
RON| BO RRO NED
1 RESERVES

| R E Q U IR E D
1 RESERVES
|

|
1
|
1
|
|
|
|
\

|
|
|
|
|
|
\
|
|
|
|
|
|

1

1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|

1

|
1
|
|
|
1
|
|
|
|
|
|
\
|
|
|
|
|
|
|
|

31062.
31068.
31113.
30988.
31410.
30743.
31371.
30674.
31337.
30902.
30987.
30728.
31201.
30790.
30822.
30934.
30832.
31553.
30695.
31059.
30871.
31023.
30675.
31311.
30473.
31356.
31310.
30758.
31054.
30881.
31394.
30807.
31362.
31070.
31240.
31052.
31183.
30768.
31185.
31198.
31003.
31281.
31137.
31497.
31190.
31995.
31306.
31935.
31357.
32027.
31595.
31931.

1

|
|
|
\
|
|
|

1

|
|
|
|

1

|
|
|
|

1
1
|
|
|
|

1

|
|
|

1

|
|
|

1

|
|
|
|
|
|

NOT S E A S O N A L L Y

I

1

1

7 ... |
1 4 ...1
21 . . .|
2 8 ...1
4 ... |
11... \
1 8 ...|
25...|
3. •• |
10. . . |
1 7 ...1
2 4 ...|
3 1 . . .|
7. • • |
1 4 ..
21 . . . |
2 8 ...|
5... |
12 . . . \
1 9 . . .|
2 6 ...|
2. • • |
9. •• |
1 6 ...|
2 3 ...|
3 0 ...|

ADJUSTED
| MO NETARY
1
BA SE

1

3 0 8 3 0 7 “ |‘
30927. |
31032. |
30881. 1
31048. |
30744. |
30927. |
30939. |
31011. |
30846. |
30826. |
30695. |
30839. 1
30691. |
30710. |
30843. |
30778. |
31142. |
30783. |
30936. |
30929. |
30812. |
30838. |
30789. |
30818. |
31057. |
30874. 1
30905. |
30885. |
31008. |
31115. 1
30965. |
31110. |
31020. |
31043. |
30824. |
30985. |
30770. |
31073. |
30965. |
30838. |
31230. |
31146. |
31238. |
31218. |
31615. |
31230. |
31638. |
31258. |
31629. 1
31561. |
31665. |

|
|

TOTAL
RESERVES

1
To6 7 ”
1 0 6 .9
1 0 7 .2
1 0 7 .2
1 0 7 .8
1 0 7 .3
1 0 8 .1
1 0 7 .7
1 0 8 .5
1 0 8 .2
1 0 8 .4
1 0 8 .4
1 0 9 .0
1 0 8 .8
1 0 9 .1
1 0 9 .2
1 0 9 .4
1 1 0 .3
1 0 9 .6

110 .1
110 .1

1 1 0 .5

110 .1
110.8
110 .1
111.1
1 1 1 .2
110.8
111.1
111.1

111 .8

1 1 1 .3
1 1 1 .9
1 1 1 .7

112.0
1 1 1 .9

112.2
111 .8
1 1 2 .5
1 1 2 .7

112.6

1 1 2 .9
1 1 3 .0
1 1 3 .5
1 1 3 .2
1 1 4 .1
1 1 3 .5
1 1 4 .3
1 1 3 .7
1 1 4 .6
1 1 4 .2
1 1 4 .7

i

1
|
I
|
|

1

|
|
|
1
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|

|
|
|
|
|
|
|
1
|
|
\
|
|
|
|
|
|
|
l
|
|
\
|
|

31991.
32569.
32968.
31874.
31902.
30641.
31412.
30545.
31006.
30311.
30641.
3 0 4 9 1 ..
31120.
304 80.
30639.
31301.
31253.
32164.
30632.
31047.
30539.
30771.
30067.
30899.
30493.
31682.
31430.
30817.
31309.
31116.
31594.
30493.
31325.
30754.
30989.
30519.
30769.
30438.
31484.
31350.
30728.
31574.
31092.
31689.
30945.
32145.
31298.
32006.
31210.
32315.
31999.
32652.

MON|
| BO RRO NED
R
E
SERVES
1

1

|
|
|

1

|
|
|
|
|
|
|
\
I
1
|

1

|
|
|
|
|

1

|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|

319247
32524.
32815.
31816.
31847.
30590.
31356.
30397.
30922.
30263.
30601.
30413.
31084.
30456.
30578.
31262.
31195.
32134.
30577.
30925.
30403.
30529.
29974.
30850.
30328.
31516.
31304.
30641.
31250.
30957.
31437.
30371.
31240.
30686.
30896.
30474.
30708.
30394.
31397.
31249.
30681.
31526.
30972.
31487.
30895.
32091.
31254.
31919.
31184.
32246.
31962.
32570.

ADJUSTED

| R E Q U IR E D
| RESERVES
|
"|
|
|
|
|
(
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
f
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|

3 1 6 9 2 ,.
32383.
32734.
31709.
31485.
30591.
30912.
30662.
30596.
30208.
30440.
30380.
30722.
30357.
30466.
31171.
31141.
31723.
30665.
30802.
30461.
30318.
30137.
30328.
30673.
31217.
30868.
30788.
31081.
31084.
31156.
30529.
30988.
30636.
30699.
30246.
30510.
30396.
31285.
31016.
30516.
31475.
30981.
31228.
30923.
31711.
31178.
31622.
31085.
31848.
31928.
32304.

| M O NETARY
BASE
|

1
|
|
|
|
|
|
|
|
|
|
1
|
1
|
1
|
|
|
|
|
|
|
1
|
1
|
|
|
1
|
|

1 0 8 .4
1 0 8 .5
1 0 8 .3
1 0 6 .6
1 0 7 .0
1 0 6 .7
1 0 7 .4
1 0 5 .8
1 0 6 .8
1 0 7 .5
1 0 7 .6
1 0 7 .2
1 0 7 .5
1 0 8 .3
1 0 9 .0
1 0 9 .6
1 0 8 .7
1 1 0 .5
1 0 9 .7
1 0 9 .9
1 0 9 .0
1 0 9 .9
1 1 0 .9
110 . t
1 0 9 .9
1 1 0 .7
1 1 2 .4
1 1 1 .7
1 1 1 .7
1 1 0 .9
1 1 1 .9

1
1

111.8

|
|
1
|
1
|
|
|
|
1
|
|
|
|
|
1
|
|
1

111.0

1 1 2 .3
1 1 0 .9

112 .1
111.8

111.1

1 1 1 .5
1 1 2 .9

112.6
1 1 2 .9

111.8
1 1 3 .0
1 1 3 .8
1 1 4 .8
1 1 4 .1
1 1 4 .8
1 1 5 .2
1 1 6 .4
1 1 6 .3
1 1 6 .9




TABLE 6

AGGREGATE RESERVES S MONETARY BASE
ADJUSTED FOR CHANGES I N RESERVE REQUIREMENTS

1
1.
1 TOTAL |
1 RESERVES |
1
1
1
JAN
JAN
JA N
JA N
JAN
FEB
FEB
FEB
FEB
BAR
BAR
BAR
BAR
APR
APR
APR
APR
APR
RAY
HAY
HAY
HAY
JO B
JO N
JH H
JO N
JO L
JO L
JO L
JO L
JO L
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

1 ...I
8. . . |
1 5 ...|
22. . . |
2 9 ...|
5 ...1
12 . . . |
1 9 ...|
2 6 ...|
5 ...|
12 . . . |
1 9 ...|
2 6 ...|
2. . . |
9 ...1
1 6 ...1
2 3 ...|
3 0 ... |
7 ...I
1 4 ...|
21 . . . |
28. . . 1
4 ... |

11...1
1 8 . . .|
2 5 ... |
2. . . I
9 ... V
1 6 ...|
2 3 . . .|
3 0 ... |
6. . . |
1 3 ...|
20. . . |
2 7 . . .|
3 ...I
10. . . |
1 7 ...|
2 4 ... |
1. . . I
8. . . |
1 5 ...|
22. . . |
2 9 . . .|
5 ...1

12 ...1
1 9 -----1
2 6 ... |
3 ...|
10. . .|
1 7 ... |
2 4 ...1
3 1 ...|

31670.
31109.
31131.
31332.
31157.
31383.
31026.
31022.
30858.
31203.
31049.
30841.
31130.
31253.
31070.
31218.
30953.
30980.
30945.
30616.
30827.
30753.
31102.
30583.
31380.
31059.
31485.
31044.
31025.
30954.
31111.
30961.
30754.
31049.
31052.
31159.
30938.
31219.
31029.
31486.
30759.
31093.
30775.
31039.
31689.
30605.
31220.
31386.
31500.
31205.
3138C.
31084.
31373.

|
|
|
|
|
|
|
|
|
|
|
1
|
|
|

1

|
|
|
f
|
|
f
|
|
|
|
|
|
|
|
|

1

|

1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

SEA SO N A LLY

ADJUSTED

NON| R E Q U IR E D
BO RRO W ED | R E S E R V E S
RESERVES |
31109.
30798.
3 0 5 2 2 ..
30738.
31015.
31285.
30936.
30793.
30678.
31133.
30989.
30674.
30975.
31202.
31040.
31196.
30788.
30739.
30911.
30599.
30706.
30669.
31018.
30545.
31303.
30871.
30614.
30822.
30823.
30572.
30858.
30781.
30575.
30845.
30780.
30937.
30553.
30892.
30634.
30905.
30520.
30920.
30542.
30944.
31622.
30566.
31162.
31312.
31433.
31175.
31335.
30865.
31120.

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

31093.
30972.
31173.
31146.
30983.
30988.
30967.
30864.
30699.
3 0 7 9 4 *.
30819.
30821.
30986.
30975.
30952.
30999.
30883.
30791.
30634.
30617.
30756.
30589.
30768.
30619.
31046.
30968.
31089.
30911.
30952.
30751.
30830.
30762.
30738.
30838.
30756.
30858.
30944.
30952.
30996.
31024.
30783.
30780.
30745.
30753.
30825.
30593.
31035.
31174.
31171.
31039.
31133.
30873.
30959.

_____
| N ONETARY
|
BA SE

1
1

|
|
|
1
|
|
|
|
|
|
r
1
|
|
|
|
|
|
|
|
|
V
|
|
|
|
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|

1

|

101.2
1 0 0 .7
1 0 0 .9
1 0 1 .3

101.2
1 0 1 .5

101.2
101.2
101.2
101.8
1 0 1 .9

101.8
102.2
102.2
102.0
102.0
101.8
102.1
1 0 2 .3

102.1
1 0 2 .5
1 0 2 .7
1 0 3 .3
1 0 3 .0
1 0 3 .9
1 0 3 .8
1 0 4 .3
1 0 3 .9
1 0 4 .0
1 0 4 .0
1 0 4 .3
1 0 4 .3
1 0 4 .3
1 0 4 .6
1 0 4 .7
1 0 4 .9
1 0 4 .7
1 0 4 .9
1 0 4 .8
1 0 5 .4
1 0 4 .9
1 0 5 .4
1 0 5 .2
1 0 5 .5
1 0 6 .4
1 0 5 .4
1 0 6 .2
1 0 6 .4
1 0 6 .7
1 0 6 .5
1 0 6 .8
1 0 6 .6
1 0 7 .0

1
1
|
|

1
1

|

1

|
1
|

1

|
I
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|

1

|
|
|
|
|
1
|
|
|

1

|
|
|
|
|
|
|
|
|
|
\
|
|
|

N OT S E A S O N A L L Y
TOTAL
RESERVES

32307.
31950.
32758.
32827.
31887.
31721.
30833.
31012.
30524.
30799.
30500.
30527.
30819.
31085.
30684.
31290.
31268.
31501.
31274.
30570.
30770.
30388.
30696.
29915.
3 *1 3 3 .
30899.
31675.
30835.
31072.
31149.
31245.
30811.
30423.
30892.
30728.
30792.
30373.
30800.
30869.
31687.
30515.
30959.
30838.
30964.
31622.
30389.
31347.
31319.
3 *4 6 1 .
31042.
31732.
31421.
32178.

ADJO STED

|
NON| BORRORED
1 RESERVES

| R E Q U IR E D
| RESERVES
|

|
|
|
|
|

1

1

|
|
|
|
|
|
|
|
|
|
|
I
|
|
|
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
I
|
|
|
|
|

31746.
31639.
32149.
32233.
31745.
31623.
30743.
30783.
30344.
30729.
30440.
30360.
30664.
31034.
30654.
31268.
31103.
31260.
31240.
30553.
30649.
30304.
30612.
29877.
31056.
30711.
30804.
30613.
30870.
30767.
30992.
30631.
30244.
30688.
30456.
30570.
29988.
30473.
30474.
31105.
30276.
30786.
30605.
30869.
31555.
30350.
31289.
31245.
3*«3 9 4 .
31012.
31687.
3 *2 0 2 .
31925.

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
«
|
|
|
|
|
|
|

31730.
31813.
32800.
32641.
31713.
31326.
30774.
30854.
30365.
30390.
30270.
30507.
30675.
30806.
30566.
31071^
31198.
31312.
30963.
30571.
30699.
30224.
30362.
29951.
30799.
30808.
31279.
30702.
30999.
30946.
30964.
30612.
38407.
3 0 6 8 1 ..
30432.
30490.
30379.
30533.
30836.
31225.
30539.
30646.
30809.
30678.
30758.
30377.
31162.
31107.
31132.
30876.
31485.
31210.
31764.

| M O NETARY
|
BASE

1
1
|

1 0 2 .5

1

102.2

|
|
|
|
|
|
|

1 0 2 .5

1

|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|

1

|
|
|
«
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|

102.0
1 0 0 .3
1 0 0 .7
1 0 0 .5

100.6

9 9 .4
1 0 0 .5

10 1.1

1 0 0 .9
1 0 0 .9
1 0 1 .4

102.0

1 0 2 .3

101.8

1 0 1 .5
1 0 2 .5

102.2
1 0 2 .3

102.0
1 0 2 .7
1 0 3 .0
1 0 4 .0
1 0 3 .4
1 0 4 .5
1 0 5 .3
1 0 4 .9
1 0 4 .5
1 0 4 .8
1 0 4 .6
1 0 4 .6
1 0 4 .7
1 0 3 .9
1 0 4 .4
1 0 4 .6
1 0 4 .5
1 0 4 .1
1 0 4 .6
1 0 4 .9
1 0 5 .5
1 0 4 *9
1 0 4 .5
1 0 6 .2
1 0 6 .1
1 0 7 .0
1 0 6 .8
1 0 7 .5
1 0 8 .0
1 0 8 .6
1 0 8 .8
1 0 8 .9




TABLE 6
AGGREGATE RESERVES S MONETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQUIREMENTS

1

SEA SO N A LLY

ADJUSTED

L

1
1
1

NONtotal' T
R E S E R V E S | BO RRO W ED
1 RESERVES

l

1974

JAM
JAN
JA M
JAM
JAM
PEB
PEB
PEB
PEB
MAR
MAR
MAR
MAR

APR
APR
APR
APR
HAY
HAY
HAY
RAY
HAY
JOM
JOB
JOM
JOM
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP

SEP
SEP
SEP

OCT
OCT
OCT
OCT
OCT
MOV
MOV
NOV

2 ...1

9 ...|
1 6 ...1
2 3 ...1
3 0 . . .|
6. . . |
1 3 ...1
20. . . |
2 7 . . .|
6. . . |
1 3 ...|

20 ...1

2 7 ...|
3 ...1
10. . . |
1 7 . . .|
2 4 ...|
1 ...I
8. . . |
1 5 ...|
22. . . |
2 9 ...1
5 ...|
12 . . .|
1 9 . . .|
2 6 ...|
3 ...I
10 . . .|
1 7 . . .|
2 4 ...|
3 1 ... |
7 ...|
1 4 . . «|
21 . . . \
2 8 ...)
4 ...|
11. . . |
1 8 ... |
2 5 ...|
2. . . |
9 . . .|
1 6 ...|
2 3 ...1
3 0 ...|
6. . . I
1 3 . . .|

2 0 ...1

MOV 2 7 . . .|
DEC
4. . . |
DEC 1 1 . . . |
1
8 ...|
DEC
DEC 2 5 . . . |

29575.
29716.
30183.
29671.
29949.
29694.
29823.
'2 9 7 2 3 .
29603.
29396.
-2 9 5 3 1 .
29759.
29473.
29835.
29586.
30184.
29876.
30251.
30019.
30240.
30208.
30263.
30299.
30047.
30482.
30272.
30681.
30530.
30807.
30662.
30597.
30540.
30531.
30671.
30585.
30800.
30457.
30533.
30627.
31080.
30559.
31126.
30385.
30811.
31031.
30701.
30804.
31007.
31154.
30626.
31283.
31399.

|
|

1

|
)
|
|
|
|
|
|
|
|

1

|
|
|

1

|

1

|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

1

|
1

28365.
28940.
29195.
28489.
28729.
28696.
28670.
28347.
28352.
28484.
28548.
28276.
27760.
28332.
28392.
28368.
27937.
28094.
28403.
28263.
27118.
26657.
27245.
27318.
27259.
27484.
27246.
27890.
27632.
27021.
26907.
27451.
27490.
27234.
27052.
26894.
27373.
27612.
27096.
27862.
28314.
29382.
29063.
29173.
29906.
29604.
29437.
29528.
30084.
29978.
30465.
30737.

| R E Q U IR E D
| RESERVES
|

1

|
|
|
|
|
|
|
|

1
1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

29187.
29630.
29855.
29754.
29690.
29570.
29529.
29609.
29397.
29278.
29415.
29679.
29303.
29609.
29524.
29855.
29737.
30074.
29884.
30064.
30079.
30084.
30074.
29916.
30235.
30173.
30312.
30252.
30823.
30547.
30413.
30312.
30418.
30462.
30439.
30479.
30348.
30451.
30553.
30624.
30614.
30799.
30544.
30568.
30708.
30557.
30777.
30697.
30871.
30785.
31066.
30970.

| M ONETARY
|
BASE

1
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
)
|

1

|
|

1

|
|

1

|
|
|

1

|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

9 2 .7
9 3 .0
9 3 .6
9 3 .2
9 3 .7
9 3 .6
9 3 .8
9 3 .8
9 3 .8
9 3 .8
9 4 .1
9 4 .4
9 4 .2
9 4 .8
9 4 .7
9 5 .3
9 5 .2
9 5 .6
9 5 .6
9 5 .9
9 6 .0
9 6 .1
9 6 .3
96. 1
9 6 .5
9 6 .4
9 6 .9
9 6 .8
9 7 .1
9 7 .0
9 7 .2
9 7 .3
9 7 .5
9 7 .7
9 7 .7
9 8 .1
9 7 .9
9 8 .0
9 9 .2
9 8 .9
9 8 .6
9 9 .3
9 8 .7
9 9 .3
9 9 .6
9 9 .4
9 9 .7
99 . 9

100.2
9 9 .9

100.6
100.8

It
J l.
TOTAL
M
II RESERVES
II
. 1130183.
II
30703.
II
31963.
If
30922.
II
30511.
11
29891.
11
2
9761.
II
2
9795.
11
29295.
11
29044.
11
29139.
II
29552.
II
29139.
II
29742.
II
29295.
II
1 1 30411.
30123.
II
30T62.
II
30240.
II
30451.
30368.
II
30060.
II
29951.
11
29431.
II
30273.
II
30038.
II
30757.
11
30363.
31188.
II
1 1 30887.
30630.
II
30288.
II
30242.
II
30470.
11
30265.
II
30415.
11
29899.
II
30139.
II
30491.
11
3 1 1 5 8 ..
11
30316.
11
31206.
II
30336.
II
30744.
II
30880.
II
30502.
II
30844.
II
30850.
It
31051.
11
30447.
11
31550.
II
31627.
II

NOT

SEA SO N A LLY

MON|
| B O R R O W ED
1 RESERVES
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
1
|
|
|
|
|
|
|
|

ADJUSTED

| R E Q U IR E D
| RESERVES
|

28973. |
29927. |
30975. |
29740. |
29291. |
£8893. |
28608. |
28419. |
28044. |
28132. 1
28156. |
28069. |
27426. |
28239. |
28101. |
28595. |
28184. |
28605. |
28624. |
28474- 1
27278. |
26454. |
26897. 1
26702. |
27050. |
27250. |
27322. |
27723. |
28013. 1
27246. |
26940. |
27199. |
27201. |
27033. |
26732. |
26509. |
26815. 1
27218. |
26960. |
27940. |
28071. |
29462. |
29014. |
2 9 1 0 6 . /|
29755. |
29405. |
29477. |
29371. |
29981. |
29799. |
30732. 1
30965. |

29795.
30617.
31635.
31005.
30252.
29767.
29467.
29681.
29089.
28926.
29023.
29472.
28970.
29516.
29233.
30082.
29984.
30585.
30105.
30275.
30239.
29881.
29726.
29300.
30026.
29939.
30388.
30085.
31204.
30772.
30446.
30060.
30129.
30261.
30119.
30094.
29790.
30057.
30417.
30702.
30371.
30879.
30495.
30501.
30557.
30358.
30817.
30540.
30768.
30606.
31333.
31198.

| HOM BTARY
|
BA SE

1
1

|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
f
|
|
|
|
|
|

1

|
|
|
|
|
«
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|

9 3 .9
9 4 .6
9 5 .3
9 3 .8
9 2 .8
9 2 .9
9 3 .2
9 3 .2
9 2 .1
9 2 .9
9 3 .4
9 3 .7
9 2 .9
9 4 .0
9 4 .7
9 5 .7
9 4 .8
9 5 .2
9 6 .0
9 6 .2
9 5 .9
9 5 .6
9 5 .9
9 6 .1
9 6 .6
9 5 .9
9 7 .4
9 7 .9
9 8 .3
9 7 .5
9 6 .9
9 7 .6
9 7 .8
9 7 .7
9 7 .0
9 7 .8
9 7 .7
9 7 .6
9 7 .4
9 8 .1
9 8 .7
9 9 .5
9 8 .3
9 8 .3
9 9 .6

100.0
100.2
100.1
101.0
101.2
1 0 2 .3

102.8




TABLE 6
AGGREGATE RESERVES 6 HONETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQUIREMENTS
I
I
I
I
I
1973

JAN
JAN
JA N
JA N
JAN
FEB
FEB
FEB
FEB
HAR
NAR
HAR
HAR
APR
APR
APR
APR
H AY
H AY
HAY
H AY
H AY
JO N
JO N
JO N
JO N
JO L
JO L
JO L
JO L
AOG
AOG
AOG
AOG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

1

3 .. • |
10. . . |
1 7 . . .|
2 4 ...1
3 1 . . .|
7 ...1
IN . . . |
21 . . . |
2 8 ...|
7 ...|
1 4 ...J
21 . . . |
2 8 ...(
4 ...|

11...1
1 8 ...|
2 5 ...|
2. . . |
9... I
1 6 . . .|
2 3 ... |
3 0 ...)
6. . . I
1 3 . . .|
20. . . )
2 7 ...I
N ...|
1 1 . . .|
1 6 ...1
2 5 ...!
1...I
8. . . |
1 5 ...!
22. . . |
2 9 ...f
5 ...!
12 . . . I
1 9 ...!
2 6 ...!
3 ...|
10. . . J
1 7 ... |
2 4 ...(
3 1 ...|
7 ... J
1 4 ... I
21 . . . !
2 8 ...|
5 ...I
12 . . . !
1 9 ...J
2 6 ...!

SEA SO N A LLY
TOTAL
RESERVES

28140.
27654.
28340.
27637.
28210.
27824.
27927.
28155.
27682.
28405.
27921.
28265.
28091.
28661.
27931.
28364.
28248.
28097.
27988.
28532.
28104.
28235.
28415.
28031.
28469.
28386.
29148.
2 8 4 8 ?.
29090.
28621.
29055.
28646.
28928.
28637.
28803.
29105.
28823.
28710.
28727.
29115.
29041.
28913.
29369.
29271.
29096.
29201.
29398.
28985.
29402.
28987.
29356.
29500.

i
I
I

NONBO RRO NED
RESERVES

|
J
!
!
I
|
|

26389.
26963.
27047.
26543.
26900.
26592.
25935.
26485.
26203.
26720.
26430.
26126.
26080.
26906.
26432.
26516.
26602.
26223.
26504.
26717.
26416.
25835.
26751.
26331.
26541.
26537.
26748.
26804.
27368.
26541.
26960.
26641.
27012.
26503.
26245.
26744.
27136.
27004.
26537.
27595.
27688.
27751.
27454.
27816.
27925.
27680.
27830.
27698.
27924.
27684.
27868.
28461.

1

1

|
|
|
!
|
I
!
I

1

|
|
I
|
|
|
|
t
|
!
|
!
|

1

|
!
I
|
|
|
i
|
|
|
|

1

!
f
!
f
|
t
!
!
|

| R E Q U IR E D
1 RESERVES
I

1

|
|
(
|
|

1

|
I
!
I
!
|
t

1

|
|
|

1

|
!
|
|
|
!
|
|
I
|
I

1

!
|

1

|
|
!
|
!
|
1
|
(
!
I
!
|
|
!
|
t
I
|

1
1

ADJUSTED

27562.
27509.
28011.
27670.
27755.
27706.
27740.
27650.
27703.
28069.
27896.
28017.
28003.
28125.
28022.
28127.
27910.
27866.
28069.
28192.
28010.
28090.
28071.
28029.
28325.
28166.
28516.
28488.
28633.
28608.
28556.
28571.
28614.
28598.
28680.
28615.
28479.
28561.
28643.
28658.
28621.
28993.
2R562.
29097.
28839.
29055.
29029.
28919.
28964.
29015.
29045.
29028.

| H ONETARY
1
BA SE

|
|

1
1-

1

|
(
I
!
|
|
1
|
!
|
!
|
!
1
|
|
|
t
|
|
|
!
t
(
|
!

1

I
|
|
|
|
|
|
|
|
!

1

|
!
i
|
|
|
!
S
!
!
|
!
!
I

8 6 .5

86.1
86.8
86.2
86.8
8 6 .5
8 6 .7
8 7 .0

86.6

8 7 .5
8 7 .1
8 7 .6
8 7 .5

88.2
8 7 .6

88.1
88.1
88.0
88.1
8 8 .7
8 8 .4

88.6
88.8
88.6
8 9 .1
8 9 .1
8 9 .9
8 9 .3
8 9 .9
8 9 .5
9 0 .0
8 9 .7
9 0 .1
8 9 .9
90. 1
9 0 .6
9 0 .2
9 0 .3
9 0 .4
9 0 .9
9 1 .0
9 0 .9
9 1 .4
9 1 .4
9 1 .3
9 1 .6
9 1 .9
9 1 .6
9 2 .0
9 1 .7
9 2 .3
9 2 .6

|

1

|
|
!
|

1

|
|
|
!
|

1

|
!
|
|
|
|
|
|
|
|
!
|
!
I
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
)
|
!
|
!
|
|

N OT S E A S O N A L L Y
TOTAL
RESERVES

28801.
28654.
30095.
28668.
28732.
28006.
28006.
28233.
27473.
28215.
27708.
28087.
27769.
28668.
27807.
28634.
28415.
28491.
28230.
28902.
28247.
28173.
28132.
27574.
28228.
28091.
29194.
28376.
29418.
28755.
28970.
28347.
28640.
28327.
28445.
28703.
28115.
28363.
28611.
2 9 1 4 8 .,
28831.
29069.
29205.
29082.
28802.
29025.
29355.
28766.
29256.
28851.
29503.
29700.

ADJUSTED

|
NON| BORRONED
R
E
SERVES
1

| R E Q U IR E D
| RESERVES
!

|
|
!
|
|
|
|
|
|
|
I
|
I
|
|
|
|
|
|
|
|
!
|

|
|
|
!
|
\
1
|
|
|
|
|
|

1

1

|
|
|
|
|

1
|
|
|
I
|
|
|
\
!
J
|
|
|
|
|

1

|
(
|
!
|
|

27050.
27963.
28802.
2 7 5 7 4 ..
27422.
26774.
26014.
26563.
25994.
26530.
26217.
25948.
25758.
26913.
26308.
26786.
26769.
26617.
26746.
27087.
26559.
25773.
26468.
25874.
26300.
26242.
26794.
26697.
27696.
26675.
26875.
26342.
26724.
26193.
25887.
26342.
26628.
26657.
26421.
27628.
27478.
27907.
77290.
27627.
27631.
27504.
27787.
27479.
27778.
27548.
28015.
28661.

1

1

I
I
|
|
|
|
|
|
I
|
|
|
1
|
|
|
|
|
|
|
!
I
|
f
|
I
|
|
|
|
|
|
|
!
|
|
|
|

28223.
28509.
29766.
28701.
28277.
27888.
27819.
27728.
27494.
27879.
27683.
27839.
27681.
28132.
27898.
28397.
28077.
28260.
28311.
28562.
28153.
28028.
27788.
27572.
28084.
27871.
28562.
28381.
28961.
28742.
28471.
28272.
28326.
28288.
28322.
28213.
27971.
28214.
28527.
28691.
28411.
29149.
28798.
28908.
28545.
28879.
28986.
28700.
28818.
28879.
29192.
29228.

| H ONETARY
I
BASE

1
|

1

|
|
|
I
|
|
I
|
|
|
|
|
|
|
|
|

1

|
|
|
|
|
|
|

1

|
|
|
|
|
|
|
|
|
|
|
|
!
|
|
|
|
|
|
|
|
|
|
|
|

8 7 .7
8 7 .6
8 8 .4
8 6 .4

86.0
86.0

8 6 .3
8 6 .4
8 5 .2

86.8

8 6 .5

86.8
86.2

8 7 .6
8 7 .6
8 8 .4
8 7 .9
8 7 .7
8 8 .5
8 9 .0

88.2
88.1
88.8
88.6
8 9 .1
8 8 .5
9 0 .4
9 0 .2
9 1 -0
8 9 .8
8 9 .8
9 0 .1
9 0 .3
8 9 .8
8 9 .3
9 0 .3
9 0 .0
8 9 .9
8 9 .6
9 0 .4
9 1 .2
9 1 .0
9 1 .0
9 0 .4
9 1 .2
9 1 .9
9 2 .5
9 1 .6
9 2 .5
9 2 .9
9 3 .7
9 4 .5




TABLE 6
AGGREGATE RESERVES S HQSETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQUIREMENTS

1972

JAN
JAM
JAM
JAM
FEB
FEB
FEB
FEB
HAH
HAH
HAH
HAH
HAH
APR
APR
APR
APR
HAT
HAT
HAT
RAT
HAT
JUN
JUM
JUN
JUM
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
MOV
MOV
MO?
MO?
MO?
DEC
DEC
DEC
DEC

1
1.
TOTAL
1
1 RESER7ES
1
1
25240.
5... |
24946.
12...1
25252.
19...|
25088.
26...1
25297.
2. . . f
25096.
9...|
25392.
16. . . |
25116.
23...|
25128.
1...1
25092.
8... |
25543.
1 5...|
25027.
22...!
25663.
29... |
25868.
5...|
25654.
1 2...|
25505.
19...!
25705.
26...|
25632.
3.. .!
10... |
25722.
25861.
17.*.|
2 4 . . .|
25664.
25871.
31...!
26049.
7...I
25896.
14 . . . |
26060.
21...|
28...!
25811.
26221.
5... |
25978.
12...|
26115.
19..-|
26... |
26082.
26385.
2...!
9...|
26434.
26594.
16...|
26284.
23...!
26484.
30...|
26905.
6...1
26085.
13...|
20...!
26405.
26189.
27...!
4... |
26652.
26785.
1 ?-- 1
26806.
18. .. |
26739.
25...|
26908.
1...I
26925.
8...!
27619.
15...J
27031.
22...|
27355.
29...!
27567.
6. • • |
27559.
13...J
27652.
20...|
27...!
27582.

SEASONALLY ADJUSTED
!
\

I
|
!
|
t
f
|
|
1
|
!
!
|
|
1
|
!
|
|
|
|
|
|
|
!
!
|
!
|
|
|
|
|
!
|
|
1
|
|
1
|
|
!
|
|
|
|
|
!
|
!
|
1

NONBORROWED
RESERVES
_
25183.
24929.
25238.
25076.
25281.
25054.
25374.
25102.
25061.
24989.
25530.
24912.
25510.
25727.
25640.
25462.
25426.
25515.
25635.
25822.
25601.
25617.
25991.
25802.
26001.
25682.
25909.
25751.
25942.
25910.
26022.
26147.
26212.
25936.
26007.
26068.
25936.
25688.
25639.
26216.
26250.
26372.
25974.
26353.
25966.
27125.
26612.
26783.
26978.
26754.
26431.
26464.

|
|
|
1
|
|
!
!
|
t
|
!
|
!
|
(
|
|
|
|
|
I
|
!
|
!
|
|
!
|
1
|
|
!
I
|
!
|
(
I
j
!
|
|
1
|
|
|
|
!
|
|
|
|
|
|

NOT SEASONALLY ADJUSTED
!I
1!
REQUIRED | MONETARY II
NON| REQUIRED | MONETARY
TOTAL
|
RESERVES |
BASE
BASE
II RESERVES | BORROMED | RESERVES |
RESERVES
1
1
11
1
1
.11.
_
1
25914. |
259717 !
249287” !”
7975““ II
256597“ !
80.4
25947.
I
24841. |
25930.
|
78.8
80.1
25842. |
II
25034. |
26671. |
26657. |
79.3
26453. |
80.4
II
24896. |
25789. |
25801. |
25609. I
79.0
79.2
II
25684. |
25668. |
25052. |
79.5
78.8
25439. |
II
79.4
25208. |
25166. |
25158. |
25046. |
79.2
II
25531. |
25081. |
25549. I
79.8
25238. |
79.3
II
25154. |
25140. I
25024. |
24986. !
78.9
79.5
11
25046. |
79.7
24978. |
24911. |
78.4
24896. |
11
24856. I
24753. |
24916. |
79.8
79.2
24680. |
II
25416. |
25150. |
80.3
25403. |
79.8
25023. |
II
24754.
|
25160. !
24869.
1
25002.
|
79.2
79.9
II
25328. |
25481. I
79.5
25378. |
80.5
25196. |
II
25682.
I
80.5
25494. |
25449.
1
80.7
25823.
|
II
25488. |
25559. |
25407. |
80.5
25573. |
80.5
II
25564. !
25665. !
80.4
25767. |
80.4
25708. 1
II
25487. |
25846. |
25567. |
80.7
25628. |
80.2
II
25843. 1
25824. |
25496. !
80.7
25960. |
80.5
II
25531. |
25814. |
80.9
25901. |
25710,. |
81.2
II
25667. !
26188. |
81.4
81.1
26227. |
26033. |
II
25730. |
25578. |
25793. |
80.9
25707. |
80.8
II
25783. !
81.0
25927. |
25673. |
25839. |
81.3
25718. !
81.5
25805. |
25863. |
81.5
25532. 1
II
25787. |
81.4
25610. |
25516. |
25501. |
81.4
II
25848. 1
25720.
I
81.6
25779.
|
25567.
|
81.5
II
25687. |
81.4
25399.
|
25404.
|
25528.
|
80.9
II
25893. !
25937. |
82.0
26249. |
25921. |
82.7
11
25755. |
25680. |
25684. |
25907. |
82.6
81.8
II
25968. |
26165. |
82.7
82.0
26338. |
26191. |
II
26003. |
82.0
26119. |
25947. |
26040. |
82.1
II
26143. !
82.4
25861. |
26224. |
25982. |
82.2
II
26304. |
83.0
25905. |
26062. |
82.5
26192. |
11
26340. |
82.7
26366. |
25984. |
83.0
26112. |
II
26244. 1
25880. |
25920. |
25572. |
82.3
82.5
II
25601. |
26257. 1
25851. |
82.0
82.8
26078. |
II
26109. !
25659. |
25700. |
26496. |
83.3
83.3
1!
26200. |
25484.
|
25748.
|
82.4
82.6
25633.
|
II
25368. |
82.6
26199. |
83.0
25879. 1
26085. |
II
26041. |
26078. |
25528. |
82.1
26152. |
82.9
II
26422. |
26669.. |
26233. 1
26439. |
83.1
83.5
II
84.1
26427. !
26319. |
26677. !
26142. |
83.8
11
84.1
26685. |
26953. |
26519. |
26832. |
83.9
11
25754. |
26369. |
83.4
26589. |
83.9
26519. I
1!
26703. !
26093. |
83.3
26443. I
26648. |
84.2
II
26801. |
26497. |
84.5
84.4
25662. |
26621. |
II
26717. |
85.5
26833. 1
27009. I
85.2
27503. |
11
84.7
26483. 1
26713. |
85.2
26842. !
26902. f
II
85.1
26089. !
26721. |
27015. |
85.2
27061. ?
II
86.0
85.4
26733. |
26986. |
27231. |
27322. i
II
86.5
27367.
\
27123.
|
27315. 1
85.6
V5562.
J
11
87.0
?6461. |
27476. |
27446. |
85.8
27682. I
1
11
87.4
27510. |
27393. |
85.8
27699. |
26581. |
1




TABLE 6
AGGREGATE RESERVES 5 MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1971

JAN
JAN
JAN
JAN
FEB
FEB
PEB
PEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
MAY
HAY
HAY
HAY
JON
JON
JON
JON
JON
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO?
NO?
NO?
NO?
DEC
DEC
DEC
DEC
DEC

I
I.
TOTAL
I
I RESERVES
I
I
23572.
6... |
22922.
13...1
23293.
20...1
23300.
2 7 -- 1
3. • . 1
23340.
23417.
10...|
17...|
23686.
24.. . 1
23650.
23458.
3...I
1 0 .. . r
23434.
1 7...|
23774.
24...1
23463.
31...|
23826.
7 ... |
23666.
14...|
23497.
23515.
21... |
23706.
28...|
5...|
24108.
23783.
12 . . . |
19...|
23823.
26...|
23952.
24024.
2...1
9...|
23863.
16...f
24132.
23943.
2 3 -- 1
30...|
24110.
7...1
24062.
14...|
23895.
2 1 -- 1
24393.
28...|
24212.
4... |
24631.
11... f
24150.
18...|
24345.
25...|
24106.
1...I
24530.
8... |
24716.
1 5 ...|
24761.
22...|
24333.
29...1
24760.
6...|
24533.
13..cl
24291.
20...|
24569.
2 7 . . .|
24268.
3...|
24735.
10...|
24360.
17...|
24665.
24...|
24455.
1... 1
24992.
8...|
24505.
15..
24652.
22... |
24528.
29.. .1
25018.

SEASONALLY A D J U S T E D

1
1
MONETARY
|
REQUIRED
|
|
NON\
BASE
|
| BORRO0ED | RESERVES |
1
I
1 RESERVES |
1
73.8
|
22996. |
23165. |
|
22890. |
73.3
|
22645. |
|
73.7
\
23201. 1
|
22821. |
73.8
|
23018. |
|
22946. |
74.0
|
23103. |
23057. |
[
74.1
|
23212. |
|
23170. 1
74.6
|
23389. |
|
23125. |
74.5
|
23333. |
|
23400. |
74.4
?
23288. |
|
23200. |
74.4
|
23352. 1
|
23013. |
.74.8
|
23509. |
|
23484. |
74.6
|
23395. |
1
23130. |
75.0
|
23450. |
|
23569. |
23389. |
74.9
|
|
23469. I
74.9
|
|
23289. |
23347. |
23434. |
75.0
|
|
23431. |
23658. |
75.2
|
|
23530. |
75.7
\
23743. |
|
23934. |
75.4
|
|
23684. |
23553. |
75.5
1
23721.
|
23517. |
|
75.7
|
23778. |
|
23685. |
23739. |
75.8
|
|
23378. |
23790. |
75.8
|
|
23710. |
76.1
|
23866. f
|
23729. |
76.0
|
23324. |
23733. |
|
23360. |
23878. |
76.3
|
|
76.4
\
23785. |
23401. 1
|
22904. |
76.4
|
23890. |
|
24111. |
77.0
|
23272. |
|
24145. 1
23667. |
76.9
|
1
24197. |
|
23867. |
77.3
|
|
23557. 1
24123. 1
76.8
|
77.1
|
24121. |
1
23166. |
24015. |
76.9
|
23335. |
1
77.4
|
23824. |
24206. |
|
24511. |
7 7 .7
|
23951. 1
\
24514. |
24304. |
77.8
|
|
7 7 .5
|
24004. |
24394. |
|
24417. |
24336. |
77.9
\
|
24224. |
24319. |
77.8
|
|
24242. |
77.6
1
|
23842. |
24237. |
24359. |
77.9
|
|
24217. |
23855. |
77.6
|
|
24519. |
24339. |
78. 1 |
|
24238. |
24350. |
77.8
|
1
24477. |
24378. |
78.1
|
|
24311. 1
23917. |
77.9
|
|
24287. |
24402. 1
78.5
|
|
78. 1
|
24362. |
|
24446. |
24627. |
24448. |
78.4
|
1
24557. |
24387. |
78.2
|
|
24704. |
78.8
|
|
24802. |

NOT SEASONALLY ADJUSTED
TOTAL
|
NON| REQUIRED | MONETARY
RESERVES | BORRONED \ RESERVES 1
BA S E
1 RESERVES |
1
242817“ |
23876. |
24526. 1
23870. |
23685. 1
23548. |
23925. |
23693. |
23366. |
23236. |
23715. |
23294. |
23720. |
23487. |
23436. |
23668. 1
23842. |
24409. |
23816. |
24017. |
23933. |
23977. |
23621. |
23931. |
23674. |
23979. |
24005. |
23903. |
24504. |
24165. |
24453. |
23918. |
24178. |
23802. |
24177. |
24422. |
24427. |
23972. |
24627. |
24535. |
24265. |
24599. |
24045. |
24544. |
24160. |
24674. |
24299. |
24833. |
24315. f
24620. |
24569. |
25257. |

2387“
23599.
24054.
23516.
23402.
23301.
23364.
23443.
23108.
22815.
23425.
22961.
23463.
23290.
23286.
23584.
23666.
24235.
23717.
23711.
23666.
23331.
23468.
23528.
23055.
23229.
23344.
22912.
23383.
23620.
23689.
23325.
22999.
23031.
23471.
23657.
23970.
23643.
24203.
24226.
23816.
24267.
23632.
24328.
24038.
24387.
23761.
24128.
24256.
24595.
24428.
25041.

1
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
f
|
|
|
|
|
1
|
|
|
f
|
|
|

23755.
23844.
24434.
23588.
23448.
23343.
23628.
23376.
23196.
23154.
23450.
23226.
23344.
23210.
23228.
23587.
23794.
24044.
23586.
23915.
23759.
23692..
23548.
23665.
23464.
23747.
23728.
23898.
24222.
24098.
24019.
23891.
23954.
23711.
23853.
24217.
24180.
24033.
24284.
24321.
24216.
24389.
23994.
24148.
24150.
24486.
24155.
24243.
24172.
24416.
24598.
24943.

|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|

75.2
74.4
74.6
73.5
73.5
73.8
74.4
73.6
73.5
74.0
74.4
73.8
74.1
74.7
74.9
74.7
74.5
75.6
75.5
75.5
75.2
75.7
76.0
76.1
75.7
76.0
77.3
77.1
7 7 .5
7 6 .7
7 7 .3
7 7 .3

77.4
76.6
76.7
78.0
77.6
76.9
77.1
7 7 .7
7 7 .8

77.8
77.1
7 7 .7

78.1
78.5
78.3
78.8
79.0
79.2
79.5
80.1




TABLE 6
AGGREGATE RESERVES 5 MONETARY BASE
ADJOSTED POR CHANGES IN RESERVE REQUIREMENTS

JAN
JAN
JAN
JAN
FEB
PEB
FEB
FEB
EAR
WAR
EAR
EAR
APR
APR
APR
APR
APR
BAY
HAY
RAY
RAY
JOE
JOE
JOE
JOE
JUL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NO?
NO?
EOT
NO?
DEC
DEC
DEC
DEC
DEC

SEASONALLY ADJOSTED
NOT SEASONALLY ADJOSTED
1I
1
1.
.11
TOTAL
|
NON1 REQOIRED | ROWETARY
TOTAL
!
NONI REQOIRED I HONETARY 11
1
BASE
BASE
II RESERVES | BORROWED I RESERVES |
1 RESERVES | BORROWED | RESERVES |
RESERVES
|
RESERVES
|
1
i
11
1
I
1
1
i
I
.1 1.
21471. |
20619. |
21186. 1
7. • • |
6875
21767. |
69.7
212057*1*
11
220527V
21359. |
20477. |
21265. I
68. 5
22224. |
14-- |
22147. |
69.5
21342. |
II
20614. |
71619c. |
21577. !
21373. !
68.8
22582. !
22378. |
69.6
21... |
11
20374. |
21404. |
68.7
21856. |
20626. |
21744. |
21292. |
28...|
68.4
11
20537. !
21547. !
20289. |
21336. 1
69.0
21795. !
21584. |
d...|
68.5
11
21241. !
21296. |
21448. |
20379. |
68.9
21503. |
20434. I
68.6
11. . . |
11
18---f
21381. |
20271. |
21132. |
68.8
21563. |
20453. |
21314. |
68.5
II
25..
21127. |
20062. |
20955. !
20094. |
20987.. |
68.6
21159. |
67.8
11
4...|
21131. |
20295. |
20933. |
68.7
21067.
|
20869.
!
20231.
|
68.0
II
21019. |
20087. |
20948.. |
68.7
19918.
|
20779.
|
20850.
|
68.2
11...1
II
21227. |
20410. |
21077. |
20366. |
21033. |
18..
68.9
21183. |
68.5
II
20253. |
25...|
21189. !
21041. |
20105. |
20945. |
68.2
21093. |
68.9
II
20495. |
21105. |
21354. |
21015. |
21444. |
20405. |
69.3
68.6
1...I
II
21118. |
8...1
21448. 1
20952. |
21269. |
21297. |
20801. |
69.0
69.3
11
20705. |
21617. |
21620. |
69.6
69.4
15. . .|
21722. |
21719. I
20702. |
II
20844. |
21655. |
22... |
21789. |
20820. |
21631. |
69.8
21813. !
69.4
II
21441. 1
20547. |
21604. |
20710. |
21492. |
29...|
21329. !
69.6
69.0
11
20998.
|
21300.
|
21724.
|
6...|
21772. |
70.2
22074. |
21422. |
70.2
II
21314. |
21300. |
69.6
13...|
21342. |
20532. 1
69.8
21328. |
20518. |
II
20.••j
20360. 1
21647. !
21539. |
70. 1 11
21433. |
69.9
21325. |
20468. |
20194. |
21083. !
2C065. |
2 7 __ |
21127. |
69.7
20998. |
20954. |
69.0
11
21374. |
20150. |
3...|
21179. |
69.9
21085. |
20056. |
21280. |
69.8
11
10... |
21350. |
70.1
20493. |
21214. |
2C295. |
21016. |
70.0
21152. I
II
21555. !
20897. |
17..
21093. 1
70.1
21282. !
70.2
21366. |
20708. I
11
24... |
21309. |
20422. |
20895. |
21221. !
20983. !
20096. |
69.9
69.5
11
20464. |
20584. |
21182. |
21575. |
70.3
1...I
21302. |
21455. |
70~0
II
8 ... |
20159. |
21453. 1
21362. |
21379. |
21436. |
20142. |
70.2
71.2
11
21697. |
15...!
20016. |
21467. |
20077. |
21528. |
71.1
70.5
21758. I
11
21805. |
22...|
20419. |
20471.
f
21672.
|
71.0
21620. !
70.7
21857. |
II
21530. |
70.4
29...|
21750. !
20519. |
21597. 1
70.7
20452. |
21683. |
II
5.. . |
21457. |
21837. |
20827. |
21649. !
70.8
20635. |
70.9
21645. |
II
21732. |
71.6
12...|
22216. |
21937. |
20837. |
71.3
22011. |
21042. |
II
71.3
1 9...|
22042. |
21950. |
71.1
21811. 1
21903. |
21222. |
21361. |
II
22064. !
21574. |
26...|
21404. |
21926. |
70.7
21052. |
71.2
21712. |
II
2. •.!
22180. |
21692. |
70.8
21520. !
71.3
21870. |
21210. |
22002. 1
It
22561. 1
21946. |
9...|
72.2
21798. |
22146. |
21598. |
71.8
22361. |
11
21978. |
16...1
22563. |
21834. |
71.7
22063. t
22207. !
71.8
22334. |
II
21901. |
23...|
22156. |
21697. |
21854. |
21394. |
70.9
22203. |
71.5
II
22156. |
30... |
22489. |
71.2
21828. |
22217. !
21767. |
71.9
22428. |
11
22301.
|
7... |
22679. |
22281. |
22255. |
22327. |
72.2
72.2
22653.. j
II
14...!
22300. |
22350. |
72.0
21900. |
21891. |
22309. !
22341. |
71.8
II
22704. |
21...J
22548.
|
22118. |
22515. |
72.3
22151.
|
22737.
|
72.2
II
22205. |
28...|
22615. |
71.5
21963. |
22182. |
22424. 1
72.2
22396. |
II
4... |
72.1
22279. |
22758. |
22174. |
22335. |
22440. |
72.4
22597. f
11
22372. |
72.9
22760. |
11__ |
22315. |
22654« f
22209. |
22478. |
72.5
II
22508. |
72.9
22651. 1
18...|
22487. |
22342. |
22321. |
72.4
22672. |
11
22271. |
72.5
25...|
22552. |
21911. |
22116. |
22476. |
72.4
22347. |
II
22405. |
22991. |
73.2
22367. |
2...!
22574. |
22536. |
72.9
22822. I
11
22509. |
73.7
22355. |
9. .. |
22846. |
22556. |
22710. !
72.8
22645. |
11
22792. |
73.8
16...J
22950. |
22513. |
22551. |
22830. |
73.0
22912. |
II
22930. f
74.4
22815. |
23133. |
23-- 1
22808. |
22923. |
73.3
23140. |
II
23194. |
74.8
30...|
23358. |
23358. |
23088. |
22924. !
73.6
23628. |
1!




TABLE 6
AGGREGATE RESERVES & HONETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQUIREMENTS

1969

JAN
JAN
JAM
JAN
JAM
FEB
PEB
FEB
PEB
MAR
MAR
MAR
MAR
APR
APR
APR
APR
APR
RAY
HAY
HAY
HAY
JOM
JON
JOM
JOM
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
MOV
MOV
MOV
NOV
DE C

DEC
DEC
DEC
DEC

f
i.
TOTAL
i
i RESERVES
i
r
22309.
1...|
21643.
8...|
21797.
15...|
21672.
22...|
21423.
29...|
21531.
5...1
21548.
1 2...|
21740.
19...1
21496.
26...|
21495.
5...|
21428.
12...|
21239.
19...|
21296.
26...|
21320.
2...|
21235.
9...|
21143.
1 6...|
21336.
23...1
30...1
21252.
7...|
21710.
21529.
1 4 . . .|
21331.
21...|
21458.
28...|
4...I
21516.
21537.
11 . . . |
21161.
18.••|
21185.
25...|
21450.
2..•|
9...|
21042.
1 6 . . .|
21118.
23...|
21179.
20717.
30...|
6.••1
21083.
13 . . . |
21135.
21097.
20...|
21124.
27...|
3...|
21222.
21279.
10... 1
1 7 . . .|
21083.
24...|
21169.
1...|
21373.
8.••|
21099.
15..
21241.
22...|
21095.
29...1
20831.
5...|
21252.
12...|
21334.
1 9 . . .|
21373.
26...|
21298.
3...|
21402.
1 0 . . .|
21509.
17...|
21489.
24...|
21417.
21777.
31...|

SEASONALLY ADJUSTED
|
MON| BORROWED
1 RESERVES
1
|
20989.
|
21145.
|
21110.
|
20890.
1
20532.
|
20786.
|
20749.
\
20696.
|
20739.
|
20761.
|
20553.
|
20463.
1
20332.
f
20125.
|
20288.
20384.
|
|
20201.
|
20134.
20107.
|
|
20358.
|
19973.
|
20155.
|
19995.
|
20277.
|
19846.
|
19862.
|
19816.
|
20022.
|
19839.
|
19825.
|
19448.
1
19993.
|
19806.
|
19876.
|
19920.
|
19982.
|
20539.
f
20065.
|
20063.
|
19937.
|
20132.
|
19894.
I
20080.
|
19652.
|
19924.
|
20090.
|
20302.
|
20088.
|
20211.
|
20309.
|
20445.
|
20321.
|
20673.

REQUIRED
RESERVES

214087“
21441.
21565.
21399.
21235.
21296.
21327.
21377.
21292.
21288.
21180.
21154.
21028.
21011.
21010.
20999.
21164.
21167.
21227.
21268.
21215.
21345.
21147.
21089.
21062.
20994.
20954.
20929.
20942.
20797.
20571.
20832.
20802.
21038.
20912.
20820.
20888.
20951.
20965.
21053.
20960.
21023.
20939.
20751.
20956.
20963.
21227.
21160.

21199.
21218.
21392.
21153.
21249.

MOT SEASONALLY ADJUSTED
11
11
HONETARY n
MOM| REQUIRED | HONETARY
TOTAL
1
BASE
BASH
n RESERVES | B O RROWED | RESERVES |
1 RESERVES |
n
1
_ l_
Ji­
21744. |
21325. 1
6 6 7 6 ~ ll
67.6
226457“ |
22209. |
21711. |
22007. |
66.0
67.2
ii
22725. 1
22038. |
22493. |
67.2
66.2
ii
22556. i
21774. |
22283. |
66.8
66.2
11
21005. |
21707. |
66.0
21895. |
65.7
ii
66.2
21796.
|
21052.
|
21561.
|
66.0
ii
20849. |
21427. |
21648. |
66.3
66.1
i i
21951. |
20907. |
66.6
21588. |
66.3
ii
21515. |
20758. |
21311. |
65.5
66.3
n
21215. |
66.4
21422. |
20688. |
65.8
it
66.4
21248. |
20373. |
21000. 1
65.9
i i
66.2
21174. |
20398. |
21089. |
65.8
i i
20864. |
66.3
21132. |
20168. |
65.5
i i
66.4
20047. |
21242. |
20933. «
65.8
i i
66.4
21110. |
20885. |
20163. 1
66.3
ii
20965. |
21109. |
20350. |
65.9
66.2
i i
66.4
21368. |
20233. |
21196. |
65.9
ii
66.4
21415.
|
20297.
|
21330.
|
65.8
n
21941.
|
20338.
|
21458.
|
66.9
66.9
i i
66.8
21573. |
20402. |
21312. |
6 6 . 6
ii
21519. |
20161. |
21403. 1
66.5
66.7
i i
21484. |
20181. 1
21371. 1
66.9
66.3
i i
67.1
21466. |
19945. |
21097. |
67.1
i i
20874. |
67.1
21322. |
20062. |
67.1
ii
6 6 . 6
66.8
20928. |
19613. |
20829. |
i i
19569. |
20701. 1
66.3
66.8
20892. |
i i
21387. |
67.1
19753„ |
20891. |
67.1
n
67.7
20945. |
21058. |
20038. |
66.8
i i
21154. |
19875. |
67.3
20978. |
66.8
i i
19758. |
21112. |
20730. |
66.9
67.1
i i
19343.
|
20466.
|
66.6
20612.
|
66.3
i i
67.1
20748. |
20999. |
19909. |
67.3
ii
20619. |
67.2
20952. |
19623. |
67.3
i i
21063. |
21004. |
67.2
19842. |
67.3
n
20895. |
19691. |
20683. |
66.9
67.3
n
19728. |
20566. |
67^ 3
67.6
20968. |
i i
20570. |
67.5
67.4
20961. |
20221. |
i i
20811.. |
20679. |
67.1
67.3
19793. |
i i
66.9
19816. |
20718. |
67.4
20922. |
i i
19889. 1
21005. |
67.2
21325. |
67.8
ii
20953. |
67.7
21092. |
20125. |
67.6
n
19941.
|
21070.
|
68.0
21288. |
67.8
ii
67.7
21126. |
20111. r
20970. |
67.7
i i
20677. |
67.0
20757.
|
19578. |
67.5
n
19847. |
67.9
20879. |
68.0
21175. |
ii
19997. |
20870. |
68.5
68.0
21241. |
it
68.7
68.1
21419. |
20348. |
21273. |
ii
68.4
68. 1
19913. |
20985. |
21123. |
i i
20056. |
21044. 1
68.9
68.3
21247. |
n
21296. |
20096. |
21005. |
69.3
68.4
it
68.4
21468. |
20424. |
21371. |
69.3
it
20292.
|
21124.
|
69.7
68.5
21388.
|
i i
70.0
21559. |
68.8
22087. |
20983. |
H




TABLE 6
AGGPEGATE RESERVES & MONETARY BASE
ADJUSTED POR CHANGES TN RESERVE REQUIREMENTS

JAN
JAN
JAN
JAN
JAN
PEB
FEB
FEB
FEB
RAN
HAN
HAR
HAN
APR
APR
APR
APR
HAY
HAY
HAY
HAY
HAY
JUN
JUN
JUN
JUN
JUL
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
OCT
NO?
NO?
NOV
NOV
DEC
DEC
DEC
DEC

SEASONALLY ADJUSTED
1
1
|
NON| REQUIRED 1 MONETARY"’!
TOTAL
|
1
BASE
1
1 RESERVES 1 BORROWED | RESERVES 1
1
1
1
1 RESERVES |
1
1
J20194. |
200367* 1
61.9
t
20689. |
3...1
19919. 1
61.8
|
20303. 1
20483. |
10...1
19952. 1
61.5
!
19885. |
17..
20109. |
20049. 1
62.0
|
20425. |
20192. |
2d...|
19978. 1
61.8
|
20073. |
20314. |
3 1 . . .|
20055.
20189.
|
62.0
|
20430. (
7...1
1
19976. 1
19872. 1
62.0
|
20360. |
14 . . . |
19827. |
19853. 1
61.9
|
20232. |
21...1
20108. 1
19979. |
62.1
|
20421. |
28...1
20236. 1
20052. |
62.3
|
20552. |
6...|
19755. |
62.4
|
20534. |
20076. 1
13. . .|
19716. |
20035. 1
62.3
|
20449. |
20...|
19567. |
19988. 1
62.1
1
20149. |
2 7 . ..j
62.4
|
19607. |
19972. 1
20303. |
3...I
19626. 1
62.4
|
19866. 1
20272. |
10...|
19845. |
20081. 1
62.9
|
17...|
20608. |
19439. |
19964. 1
62.3
!
20090. |
24...|
19556. |
19954. 1
20230. |
62.5
|
1...I
19548. |
19990. 1
20371. 1
62.7
I
8...|
19579. |
62.7
|
19891. 1
15...|
20291. |
19646. |
19993. 1
20315. |
62.8
1
22...1
19654. |
20027. 1
20418. |
62.9
|
29... |
19580. |
20339. |
20131. 1
63.0
|
5...1
19755. \
20123. 1
63.1
|
20433. 1
12...1
20337. |
19673. |
20071. 1
63.0
|
19...|
20029. |
20258. 1
20836. |
63.5
|
26...|
20026. |
20337. 1
20519. |
3...|
63.3
|
20694. |
20282. |
10...|
20261. 1
63.5
|
20524. 1
17..
20798. |
20328. |
63.6
1
20341.
|
24...)
20570. 1
20980. |
63.8
|
20374. |
31..
20976. 1
20618. 1
64.0
|
20887. |
20150. |
7...|
20545. 1
63.9
|
20224. |
14... |
20800. |
20486. 1
64.0
|
21141. |
20522. |
20627. 1
64.4
|
21...|
20807. |
20433. |
64. 1 |
2 8 ---1
20628. 1
20837. |
20383. |
4... \
20582. 1
64.3
|
20459. |
20537. 1
21093. |
64.6
|
11. . . |
20544. |
20574. 1
20948. |
1 8 -- 1
64.5
|
20280. |
20754. |
20557. 1
25...|
64.3
|
20498. 1
20654. 1
2... 1
21039. |
64.6
t
20598. |
21001. |
9... 1
20776. 1
64.7
|
16.... |
20818.
|
21334. |
20961. 1
65.0
|
20948. |
20611. |
20949. 1
64.7
1
2 3 __ |
20814. |
3 0 . . .|
21309. |
20957. 1
65.1
|
20987. |
20595. 1
6...|
20795. 1
64.9
|
13...|
21577. |
20902. |
21040. 1
65.5
|
20864. |
20...|
21148. 1
65.3
1
21377. |
20680. |
27...|
65.3
|
21078. I
21263. |
20942. |
20994. 1
65.7
1
4...1
21473. I
20684. |
21066. 1
65.3
|
21118. |
11...|
20926. |
65.8
I
21133. 1
18... |
21501. |
20773. |
21212. 1
65.9
|
25...|
21632. |

NOT SEASONALLY ADJOSTED
TOTAL
|
NONI REQUIRED | HONETANY
RESERVES | BORROWED | RESERVES |
BASE
1 RESERVES |
1
I
____ 1
21616. |
21121. |
20963. |
63.4
21141. |
20961• |
20577. |
63.0
20475. |
20251. |
20318. |
61.9
20645. |
20412. |
20269. |
61.8
20424. |
20183. |
20088. |
61.2
20639. |
20398. |
20264. |
61.8
19944. 1
20328. |
19840. 1
61.6
20097. |
19692. |
19718. |
61.2
19940. |
20382. |
20069. |
61.3
20518. |
20018. |
20202. |
61.8
20329. |
19550. |
19871. |
61.9
19695. |
20014. |
20428. |
62.0
20097.. |
19515. |
19936. |
64.4
20240. |
19544. |
19909. |
61.8
20229. |
19823. |
19583. |
62.4
20801. |
20038. |
20273. |
62.9
20247. |
19596. |
20121. |
61.9
20280. |
19606. I
20004. |
61.8
19627. |
20450. |
20069. 1
62.6
20184. |
19784. |
62.4
19472. |
20172. |
19850. |
19503. |
62.4
20138. |
19374. |
19747. 1
62.1
20116. |
19357. |
19908. |
62.6
20190. |
19880. |
63.1
19512. |
19685. |
20349. |
20083. |
63.1
20114. |
20343. |
20921. 1
63.4
20354. |
20536. I
20043. |
63.4
20564. |
20152. |
20131. |
64.2
20212. |
20682. I
20408. |
63.9
20906. |
20267. |
20496. |
63.9
20831. I
20229. |
20473. |
63.6
20854. |
64.1
20117. |
20512. |
20563. |
19987. |
20249. |
64.1
20872. |
20253. I
20358. |
64.3
20449. |
20075. |
20270. |
63.6
20534. |
20080. |
20279. |
64.0
20844.. |
20210. |
20288. |
64.7
1
20228. |
20258. 1
64.2
20632. |
20504. |
20030. |
20307. |
63.7
20595. |
64.2
20439. |
20980. \
20814. |
20636. !
65.0
21039. |
20941.. |
21457. |
21084. |
65.3
20634. |
20972. |
64.6
20971. |
64.6
20879. |
21231. |
20736. |
65.0
20895. 1
20503. |
20703. |
66.0
20870. |
21008. I
21545. |
65.8
21401. |
20888. |
21172. |
65.5
20504. f
20902. |
21087. |
66.3
20877. |
20825. |
21356. |
20514. |
20896. |
66.2
20948. |
21151. |
66.8
21519. |
20944. |
67.2
20784. 1
21223. |
21643. |




TABL* 6
AGGREGATE RESERVES S MONETARY BASE
ADJUSTED POR CHANGES XN RESERVE REQUIREHENTS

1964

JA N
JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
HAR
MAR
HAR
HAR
APR
APR
APR
APR
APR
NAY
NAY
NAY
NAY
JON
JON
JON
JON
JUL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

SEASONALLY ADJUSTED
I
|
TOTAL
(
NON| REQUIRED
1
1 RESERVES J BORROWED | RESERVES
! RESERVES |
1
1
16396.
16632. |
17190. |
1...I
16555. |
16451.
16919. |
8... |
16395.
16634. |
16995. |
15..
16426.
16551.
|
16715.
I
2 2 . . .|
16355.
16551. |
16728. |
29...1
16334.
16458. I
16700. |
5...|
16356.
16391. !
16758. !
1 2 __ 1
16398.
16527. |
16818. !
19...1
16551. |
16398.
16751. |
26...|
16341.
16469. (
16831. |
4 ... |
16435. |
16374.
16688. I
11...|
16396.
16413. !
16771. |
18...|
16681. |
16452.
25,.. |
16960. |
16638. |
16521.
16793. |
1...I
16725. |
16511.
16933. |
8. • • |
166 96. !
16587.
16886. |
15...!
16515. |
16393.
16834. |
22...|
16420. |
16287.
16555. |
29---|
16497. !
16708. |
16419.
6... |
16548. |
16449.
13...|
16862. t
16565. |
20... |
16455.
16863. !
16577. |
16454.
27... |
16785. |
16567. !
16536.
16831. t
3... 1
16541. |
16501.
16830. |
10...I
16689. |
17...J
16561.
17016. |
16660.
|
16541.
24...|
16892. |
16749. (
16568.
16970. |
1... 1
16668. |
16640.
8... 1
16931. |
16800. !
16688.
15...!
17260. !
16597.
16716. !
22...|
16875. |
16760. |
16571.
29...|
16939. |
16803. |
16722.
5...!
17063. |
16856. |
16758.
12...|
17232. t
16908. |
16795.
19 . . . |
17186. |
16962. |
16820.
26...|
17291. |
16905. |
17220. !
16822.
2...|
16853. |
16834.
17331. |
9...!
16971. |
17196. |
16829.
16...|
17000.
|
16928.
17409. |
23...|
17058. |
30...(
16948.
17336. |
17120. |
7...|
17057.
17490. |
16971.
17142. |
14...|
17381. |
16979. |
16932.
21...|
17359. |
16993. )
17223. 1
16919.
2 8 -- 1
17038. |
4...!
17514. |
17073.
17007. |
17064.
17434. |
11 . . . |
17088. |
17087.
1 8 . . .|
17678. I
17254. |
17155.
25...!
17413. r
17259. |
17245.
17634. |
2...!
17362.
|
17194.
17484. |
9...J
17421. |
17167.
16...|
17555. |
17327. !
17187.
23...!
17584. |
17143. |
17085.
30...»
17647. |

F
!
1
|
|
)
|
!
!
!
I
t
|
|
|
!
|
|
1
t
)
!
!
!
!
!
|
!
|
|
!
!
|
|
|
|
|
|
|
|
(
|
!
|
!
|
!
|
|
!
!
|
|
|
1
|

NOT SEASONALLY ADJUSTED
II
J»
HO NIST ARY* II
TOTAL
|
NON| REQUIRED | MONETARY
BASE
BASE
II RESERVES | BORROWED | RESERVES |
II
1 RESERVES 1
1
.11.
51.4
50.3
178527” |
172947” |'
170587 |
II
50.0
17553. |
51.1
17189. I
17085. |
II
50.6
17342.
|
50.2
16981.
|
16742. |
II
16916. |
50.0
50.0
16752. |
16627. |
II
16524. |
50.0
16701. |
49.4
16328. |
11
50.0
16715. |
16473. |
16349. |
49.6
11
16681. |
16314. |
49.8
50.1
16279. |
II
16676. |
49.6
50.2
16385. |
16256. 1
II
16550. |
16350. |
49.4
50.1
16197. |
II
16693. !
16331. |
50.3
49.6
16203. 1
II
16490. |
16237. I
16176. |
49.8
50.2
II
16341. |
50.3
16324. |
50.0
16699, |
II
50.5
16972. 1
16693. |
16464. |
50.2
11
50.4
16765. |
16610. |
49.9
16493. 1
11
50.6
16821. |
16613. |
50.4
16399. |
II
16817.
|
50.6
16627.
|
16518.
I
50.3
II
50.6
16799.
|
16480.
|
50.2
16358.
|
II
50.4
16465. |
16330. |
16197. |
49.7
11
16734. |
50.5
16523. |
16445. |
50.3
II
16773. |
50.8
16459. |
16360. |
50.5
II
16471. |
16769. |
50.4
50.8
16361. |
II
16593. |
50.7
16385. |
50.1
16262. |
II
16654. |
50.8
16390. |
50.4
16359. |
II
16651. |
50.9
50.8
16322. |
16362. |
II
17037. |
51.1
16710. |
16582. |
51.1
11
17118. |
51.1
51.0
16886. |
16767. |
II
17004.
|
17225.
|
16823.
|
51.1
51.1
II
17173. |
16910. |
51.1
51.8
16882. |
II
17374. |
51.5
16914. |
16802. |
51.9
II
16687. |
51.1
16846. |
16568.. |
51.2
11
16768. (
51.2
16589. |
16400. |
50.9
II
51.4
16697. |
16957. |
16616. |
51.3
II
17015. |
51.7
51.6
16639. |
16541. 1
II
16989. |
16711. I
51.5
51.6
16598. |
II
51.4
16694. |
51.7
17023. |
16552. |
II
16943. |
51.7
16628. |
16545. |
51.2
II
52.0
16604. |
16585. I
51.8
17082. |
II
17114. |
51.8
16889. !
16747. |
51.7
11
17576.
|
17167. |
17095. |
52.1
52.0
II
51.7
17460. |
51.9
17182. |
17072. |
II
52.3
17566.
J
17196.
»
17133.
|
52. 1
II
17325. |
17086. |
52.2
16915. |
52.0
11
16913. |
52.1
17340. |
16960. |
52.1
II
51.7
16891. |
16817. |
52.0
17121. |
It
17077. |
52.2
17518, |
17042. |
52.3
II
16913. |
16971. |
52.6
17340. I
52.2
II
52.9
52.5
17629. 1
17039. 1
17038. |
11
52.6
17361. |
17202. |
17103. |
52.2
11
53.0
17277. I
17263. |
52.5
17652. 1
1!
53.1
52.3
17435. |
17313. |
17145. 1
II
53.3
17657.
|
47523.
|
17269. |
52.5
II
17650. 1
53.8
17790. !
52.5
18047. 1
II
17634. |
54.1
17692. |
52.6
18196. I
II




TABLE 6
AGGREGATE RESERVES 5 HONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREHENTS

1965

JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
PAR
BAR
BAR
BAR
BAR
APR
APR
APR
APR
RAY
RAY
RAY
HAY
JUN
JON
JON
JON
JON
JUL
JOl
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC
DEC

SEASONALLY ADJUSTED
!
I
I
1
NON1 REQUIRED 1 HONETARY |
TOTAL
|
I
BASE
|
1 RESERVES | BORROWED | RESERVES 1
1
1
1
i RESERVES |
1
J.
172477' 1
5276
f
172851 |
17594. |
6...|
52.8
|
17089. 1
17680. \
17256. |
13. . . \
17098.
52.6
|
17487. |
17210. |
20...|
1
17064. 1
52.6
|
17405. |
27...t
17202. 1
17161. 1
52.8
|
3...|
17545. 1
17267. |
17069. 1
52.9
|
17565. |
10. . .f
17093. |
52.7
1
17100. 1
17...|
17422. |
17069. |
17028. «
52.9
|
17047. |
24...|
17567. |
17225. 1
52.8
|
17445. 1
17175. 1
3...I
17169. \
52.9
|
10...|
17537. |
17152. |
17209. \
52.9
|
17. . .|
17537. 1
17167. |
17171. 1
53.0
|
17632. \
17169. |
24.•• |
53.0
1
17245. 1
17614. |
17127. |
31...1
17449.
53.3
|
17824.
»
7...|
17254. 1
\
17436. 1
1 4 . . .f
17714. |
53.2
|
17317. |
17468. 1
53.5
|
17942. f
17370. |
2 1 . . .|
17444. 1
53.2
1
2 8 . . .|
17685. |
17340. |
17396. 1
5...|
53.2
|
17730. |
17252. |
17614. |
17265. 1
17116. |
53.2
1
12...1
17275. 1
17618. |
53.2
|
19 . . .|
17118. |
17335. 1
26...1
17645. \
53.2
\
17162. |
17385. 1
17716. |
53.4
|
17198. |
2. # • 1
17684. |
53.4
|
9...1
17210. |
17382. 1
17341. 1
17550. 1
53.7
|
16...|
17952. |
17841. |
53.6
|
23...|
17258. |
17426. 1
53.5
|
30...f
17717. |
17231. |
17379. 1
7...|
17887. |
17305. |
17539. !
53.8
|
14...|
18111. \
54.0
|
17491. |
17579. 1
2 1 . . .|
17775. |
17350. |
17581. \
53.7
|
28...|
17540. 1
53.8
|
17862. |
17383. |
4 ... 1
17431. |
17975. |
17589. 1
54.0
|
17979. |
17556. 1
54.1
|
11...|
17363. |
18...)
17940. |
17449. |
54.1
|
17611. 1
25... |
17899. |
17354. |
17488. 1
54.0
|
1...1
17999. 1
17462. |
17566. 1
54.2
|
8... {
17930. |
17447. |
17558. 1
54.2
|
15...1
17454. 1
17921. |
54.2
|
17363. |
18040. |
22...|
17605. 1
54.4
|
17413. |
2 9 . . .|
17948. |
17591. 1
17395. |
54.5
|
6. • • 1
18124. |
17588. |
17681. \
54.7
1
13...|
17661. 1
17962. |
17466. |
54.7
|
20...|
18435. |
17844. |
17942. 1
55.2
|
27...|
17650. I
17847. |
54.6
|
17509. |
3...I
18097. |
17611. |
17716. 1
54.9
|
10...|
18008. |
17579. 1
17674. |
54.8
|
17...|
17740. 1
18056. |
17567. |
54.9
|
24...|
17915. |
17679. 1
17554. |
54.8
|
1...I
18335. |
17801. |
17910. 1
55.2
|
8 ___|
18419. |
17941. |
17958. 1
55.4
|
15...|
18431. |
17866. 1
17945. |
55.4
|
17998. 1
22...|
18014. |
18232. |
55.3
|
29... 1
17959. 1
18422. |
17876. |
55.5
|

NOT SEASONALLY ADJUSTED
TOTAL
1
NCNRESERVES | BORROWED
1 RESERVES
—
18030.
18339. |
18060. |
17636.
17681. |
17404.
17514. 1
17311.
17640. |
37362.
17575.. |
17103.
17324. |
16971.
17469. |
16949.
17383. |
17113.
17332. |
16947.
17414. |
17044.
17728. |
17265.
17585. |
17098.
17702. |
17132.
17505. |
*7108.
17904. |
17332.
17594. |
17249.
17898. |
17420.
17658. |
17160.
17638. |
<7138.
17566. |
17083.
17608. |
17090.
17560. |
17086.
17814. |
17203.
18166. |
17583.
1801*. f
17525.
18246. |
17664.
18217. |
17597.
17786. |
17361.
17742. |
17263.
17912. |
17368.
17757. |
17141.
17669. 1
17177.
17683. |
17138.
17729. |
17192.
17579. |
17096.
17740. |
17182.
18193. |
17566.
18004. |
17451.
1 8 1 32..|
17596.
17809. |
17314.
18323. |
17732.
17906. |
17568.
18163. 1
17677.
17993. |
17659.
17953. f
17464.
17832. |
*7471.
18237. |
17703.
18362. |
17884.
18486. |
18001.
18733. |
18515.
18999. |
18453.

| REQUIRED
| RESERVBS
|
1.
|
17992.
|
17469.
|
17292.
1
17173.
|
17256.
|
17079.
|
17002.
16930.
|
|
17163.
|
16964.
|
17086.
17267.
|
|
17217.
17327.
|
|
17227.
|
17430.
1
17353.
|
17564.
|
17309.
|
17295.
1
17256.
|
17277.
|
17258.
|
17412.
|
17751.
|
17673.
|
17898.
|
17685.
|
17592.
17420.
|
|
17526.
|
17334.
|
17339.
|
17272.
|
17296.
|
17207.
1
17273.
|
17758.
|
17647.
|
17689.
|
17509.
|
17830.
|
17709.
|
17782.
|
17564.
|
17637.
|
17596.
I
17812.
|
17901.
|
17921.
|
18499.
18536.
|

| HONETARY
|
BASE
1
1
53.9
|
53.3
|
52.6
|
|
52.2
52.4
|
|
52.6
52.2
|
|
52.3
|
52.2
|
52.5
52.5
|
|
52.8
|
52.4
|
53.0
|
52.9
|
53.1
52.4
|
|
53.0
|
53.1
|
52.9
|
52.7
|
53.0
53.3
|
53.5
|
|
53.8
|
53.5
54.5
|
|
54.5
53.9
|
|
53.6
|
53.9
|
54.2
54.0
|
|
53.8
53.7
1
|
54.2
54.1
|
54.5
|
|
54.2
54.7
|
54.7
|
55.1
|
54.5
|
54.8
|
55.2
|
55.2
|
55.2
|
55.6
|
|
56.2
56.3
|
56.7
|
|
57.0




TABLE 6

AGGREGATE RESERVES 6 MONETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQUIREMENTS

1966

JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
EAR
BAR
BAR
BAR
BAR
AFR
APR
APR
APR
RAT
RAT
HAT
HAT
JON
JON
JON
JON
JON
JOL
JUL
JOL
JOL
AOG
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOV
NOV
NOV
NOV
NOV
DEC
DEC
DEC
DEC

1
1.
TOTAL
1
1 RESERVES
1
1
5...|
18327.
18665.
12__ |
18146.
19...|
18301.
26...|
18396.
2... |
9... |
18306.
1^275.
16...|
23...1
18279.
2... |
18242.
18267.
9 ...|
16...|
18285.
18313.
2 3 . . .|
30... |
18238.
6. • • |
18403.
1 3 . . .|
18381.
20...|
18325.
27...|
18525.
4 ...|
18508.
11___|
18523.
18... |
18449.
25...|
18388.
18517.
1... |
18309.
8...I
18434.
1 5 . . .|
18465.
22...|
29...1
18623.
6...|
18671.
13...|
19005.
18470.
20...|
18577.
27...1
18547.
3... |
10 __ |
18566.
17 . . .|
18368.
2 H __ |
18283.
18437.
31.. .|
7 ... |
18516.
1 4 . . .|
18674.
18700.
21...1
28.«.|
18162.
5...|
18550.
12...1
18552.
19...1
18468.
2 6 . . .|
18278.
18397.
2...I
9 ...|
18470.
16. . .|
18570.
18130.
23...|
30...|
18431.
18278.
7...1
14...|
18600.
21...|
18354.
28...|
18563.

SEASONALLY ADJUSTED
|
NON| REQUIRED 1 HONETART
| BORROWED | RESERVES |
BASE
1 RESERVES |
1
1
—
1
|
17766. |
55.5
18008. |
|
18075. |
17977. |
55.9
17928. |
t
17938. 1
55.5
17949. |
|
17996. |
55.7
|
17978. |
18048. 1
55.8
17803. |
|
17962. |
55.8
17822. |
17938. |
|
55.8
17759. t
|
17881. 1
55.8
17778. |
55.8
|
17949. |
17653. |
1
17907. |
55.9
|
17749. |
55.9
17922. |
17711. |
|
17942. |
56.0
17730. |
|
17950. |
55.9
17780. |
|
18070. \
56.2
17778. |
|
18021. |
56.3
17640. |
|
56.1
17952. |
17883. |
|
18145. |
56.4
17891. |
|
18222. 1
56.5
17843. |
|
18183. |
56.5
17786. |
|
18130. |
56.5
17735. |
1
18074. 1
56.4
|
17705. |
18081. |
56.6
|
17762. |
56.5
18102. |
|
17646. |
17969. 1
56.6
17774. |
|
18183. |
56.6
|
17852. |
18164. |
56.8
17844.
1
|
18321. |
56.9
1
18187. |
57.3
18281. |
|
17839. |
18299. |
56.8
1
17897. |
18301. |
56.9
|
17769. |
18194. |
57.0
17784. |
|
18105. |
57.0
17638. |
|
18091. |
56.9
17564. |
|
179D9. |
56.8
|
17746. |
18073. 1
57.0
17767. |
|
57.1
18179. |
|
17786. |
18170. |
57.3
17929. |
|
18108. |
57.4
|
17512. |
18095. |
56.9
|
17722. |
18236. |
57.3
17624. |
f
18139. |
57.3
17678. |
1
17979. |
57.3
17760. |
|
18131. |
57.0
|
17803. |
18118. 1
57.2
1782a. |
|
18092. |
57.3
17859. |
18023. 1
|
57.5
|
1|691. |
17946. |
57.0
17795. |
17971. |
|
57.3
17829.
|
18097.
|
1
57.2
17953. |
18090. |
|
57.6
17882. 1
18150. 1
57.4
|
18015. |
18126. |
57.7
1

1
1
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
1
|

NOT SEASONALLY ADJUSTED
TOTAL
RESERVES

|
NON| REQUIRED | HONETART
| BORROWED | RESERVES |
BASE
1 RESERVES |
1
1
1
19136. |
18817. |
18574. |
56.. 8
19155. |
18467. |
18565. |
56.8
18427. |
18219. |
18209. |
55.7
18424. 1
18119. |
55.3
18072. |
18504. |
18156. |
18086. |
55.3
17974.
|
18318. |
17815. 1
55.6
18169. |
17832. |
17716. |
55.3
18137. |
17617. |
17739. 1
55.2
18128. |
17664. |
17835. |
55.1
17714. |
18074. |
55.5
17460. |
17775. |
18138. |
55.5
17602. |
18374. |
55.7
18003. |
17772. |
18168. |
17880. |
55.3
17660. |
17995. |
55.9
18328. |
17705. |
18367. |
18007. |
17764. |
56.2
18188.
|
56.1
18561. |
17876. |
18548. |
17906. 1
18168. |
55.8
18635. |
18349. |
56.1
18018. |
56.4
18179. |
18519. |
17839. |
18093. |
56.2
18412. |
17749. |
17895. |
5 5 .8
18209. |
17556. |
17897. |
56.1
18333. |
17521. |
17951. |
56.3
18158. |
17611. |
17844. |
56.5
18309. |
17521. |
56.7
18336. |
18618. |
17927. |
56.7
18825. |
18054. |
18366. |
18658..
|
57.6
19008. |
18181. |
57.9
18308. |
18402. |
19126. 1
57.0
18295. |
17835. |
18466. |
18155. |
56.8
18431. |
17751. 1
18124. |
56.9
18477. |
17699. |
17936. |
18397. |
17615. I
57.2
17855. |
56.9
18132. |
17402. |
17640. |
56.6
18014. |
17295. |
56.5
17808. |
18172. |
17481. |
57.1
17849. |
17437. |
18186. |
17878. |
57.2
17494. |
18382. |
57.4
18191. |
18783. |
18012. |
56.5
18109. |
17526. |
18176. |
57.2
17807. |
18321. |
18635. |
57.5
18022. |
18435. |
17507. |
17924. |
57.3
17623. 1
18413. |
57.0
18184. |
17813. |
18331. |
57.0
18169. |
17854. |
18448. |
57.7
18066. |
18444. |
17798. |
57.8
17929. |
17765. |
18476. |
57.5
17618. |
17873. |
18057. |
17896. |
57.8
17720. |
18356. |
18096.
|
58.0
18277. |
17828. 1
18094. |
58.5
18604. |
17957. |
18676. |
58.8
18408. |
18880. |
59.3
18584. |
18695. |
19132. |

i
i
1
IS
185

•
•
•

JAR
JAR
JAR
JAR
PEB
PEB
PEB
PEB
HAR
EAR
HAR
HAR
HAR
API
APR
APR
APR
HAY
HAY
HAY
RAY
HAY
JOH
JUR
JOE
JOE
JUL
JUL
JUL
JUL
AUG
AUG
AUG
AUG
AUG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
ROV
ROV
ROV
ROV
ROV
DEC
DEC
DEC
DEC

i

1967

SEASOHALLY

1
1
TOTAL
|
ROE| REQUIRED | HORETARY |
I
BASE
|
I RESERVES | BORROWED | RESERVES |
1
1
1
1 RESERVES |
1
182767*1”
5775**!
18671. |
18106. |
4...1
18275. 1
58.2
|
18317. |
18902. f
11...I
18198. |
57.6
|
18.-.1
18323. |
18106. |
58.1
|
18231. |
18747. |
18209. |
25...|
58.1
1
18366.
|
18530.
|
18706.
|
1...I
18343. |
58.2
|
18279. |
8...|
18632. |
18313. |
15..
18731. 1
58.3
|
18275. |
58.5
1
18342. 1
18925. |
18448. |
22...|
58.1
1
18342. 1
18501. |
1...I
1833*. |
58.4
|
18342. |
18701. |
18499. |
8...|
18433. |
58.5
|
18805. |
15...|
18632. |
18692. |
59.0
|
19259. I
18957. |
22...1
18618. |
58.8
|
19003. |
18868. |
29...|
18774. 1
19041. |
58.9
1
5...1
19221. |
58.7
|
18955. |
18810. |
18729. 1
12...|
59.0
|
19189. V
19012. |
18712. |
19 . . .|
18683. |
58.7
|
18831. |
26...|
18929. |
18754.
1
59.0
1
19025. |
19159. |
3...I
18637. 1
18965. |
58.9
|
10...|
18903. |
59.1
|
19096. |
18973. |
18692. |
17...1
18647. |
18974. |
18924. |
58.9
|
29..• |
18677. |
18956. |
59.0
|
19058. |
31... |
18797. 1
7 ... 1
19128. |
19051. 1
59.2
|
18687. |
14...|
18999. |
59.1
|
19042. |
18908. |
19078. |
59.3
|
19169. |
21... |
18736. |
19167. |
19026. |
28...|
59.3
|
19085. |
18976. |
59.5
|
5...|
19438. |
19067. |
19710. |
19641. 1
12...|
59.8
|
19 -- 1
19374. |
19138. |
59.4
1
19323. |
19578. |
19524. |
19146. |
59.7
|
2. . . |
19533. |
19417. |
19238. |
59.7
1
19310. |
60.0
|
9...|
19681. |
19590. |
16...|
19119. 1
59.8
|
19501. |
19372. |
2 3 . . .|
19129. |
60.0
|
19602. |
19555. |
30...|
19329. 1
19069. |
19283. |
59.8
|
6...I
19720. |
19641. |
19388. 1
60.2
1
19885. |
19815. |
60.4
|
13...|
19499. |
20...|
19825. |
19719. |
19417. 1
60.4
1
2 7 . . .|
19637. |
19426. I
19563. |
60.3
|
4...I
19974. |
19830. |
19561. 1
60.6
1
19661. |
11...|
60.7
|
19910. |
19765. |
20605,. |
20044. 1
18...|
20389. 1
61.4
|
25...|
19926. |
19736. 1
19868. |
60.7
|
19994. |
19783. |
1...I
20074. |
60.9
|
19837. 1
8...|
20167. |
20035. |
61.0
1
15...|
20120. |
19764. |
61.0
|
20282. |
22...f
20036. |
19942. 1
61.0
|
20163. |
29... |
61.1
1
20170. |
20051. |
19786. |
6...1
20209. 1
20122. |
19921. 1
61.2
l
13...1
20204. 1
20083. |
19871. 1
61.3
1
20..
20137. |
19870. |
61.3
|
19952. |
2 7 . . .|
20311. |
19966. |
19869. |
61.5
|
I

VO
CM




TABLE 6
AGGREGATE RESERVES & MONETARY BASE
ADJUSTED POP CHARGES IR RESERVE REQUIREMENTS
ROT SEASORALLY ADJUSTED
TOTAL
|
ROE| REQUIRED | HORETARY
RESERVES | BORRO W E D | RESERVES 1
BASE
1 RESERVES |
1
. 1
19537. 1
18972. 1
59.3
19142. |
19419. |
18834. |
18792. |
59.2
18615. |
18398. |
18490. |
57.9
18937. I
18399. |
18421. |
57.9
18825. |
18649. |
18485. |
57.5
18759. |
18406. |
58.0
18470. 1
18665. |
18209. |
18247. |
57.9
18754. |
18277. |
18171. |
57.8
18360. |
18193. 1
18201. |
57.2
18542. |
18340. |
18183. |
58.0
18614. |
18441. |
58.0
18242. |
19354. 1
19052. 1
18787. |
58.7
19010. |
18875. |
18625. |
58.2
19068. |
18888. t
18621. |
58.3
18836. |
18691. |
18610. |
58.5
19233. |
19055. |
18755. |
58.7
19029. |
18931. |
18783. |
58.2
19256. |
19122. |
18851. |
58.6
19061. |
18998. |
18732. 1
58.9
19045. |
18922. |
18641. |
58.7
18766. |
18716. |
18439. |
58.3
18748. |
18646. |
18367. |
58.3
18841. |
18764. |
18510. |
58.9
18869. |
18826. |
18514. |
59.0
19331. |
19240. |
59.4
19070. |
19168. |
19023. |
18733. |
59.0
19452. |
19099. I
18990. |
59.8
19633. |
19564. |
18990. |
60.3
19364. |
19415. I
19179. 1
59.8
19553. |
19499. |
19121. |
59.7
19487. 1
19371. |
59.6
19192. 1
19480. |
19389. |
19109. |
60.1
19310. |
19181. 1
59.9
18928. |
19327. I
19280. |
18854. |
59.8
19038. |
18992. |
18778. |
59.2
19432. |
19353. |
19100. |
60.1
19536. |
19466. |
19150. |
60.3
19783. |
19677. 1
19375. |
60.3
19661. 1
19587. |
19450. |
59.9
20058.. |
19914. |
19645. |
60.5
19824. |
19679. |
60.8
19575. 1
20406. |
20190. |
61.3
19845. |
19941. I
19883. |
19751. |
60.6
20084. |
20004. |
60.6
19793. |
20129. |
61.3
19997. 1
19799. |
20108. |
61.3
19946. |
19590. |
20000.. |
61.4
19873. |
19779. |
20048. |
61.5
19929. |
19664. |
20192. 1
61.9
20105. 1
19904. |
20082. |
62.1
19961. |
19749. |
20500. |
62.5
20315. |
20233. |
20939. |
63.4
20594. 1
20497. |




TABLE 6
AGGREGATE RESERVES 6 MONETARY BASE
ADJUSTED POR CHANGES IN RESERVE REQOIRFHENTS

JAN
JAN
JAN
JAN
JAN
PEB
PEB
PEB
PEB
NAB
NAB
NAB
NAB
APB
APB
APB
APB
HAY
HAY
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
NOY
HOY
NOY
NOY
DEC
DEC
DEC
DEC

SEASONALLY ADJUSTED
1
1.
TOTAL
(
NON1
1 REQUIRED
1 RESERYES ! BORROWED ( RESERVES
1
! RESERYES 1
1
.1.______
16415. |
16074. 1
15689.
3...1
15347.
15893. 1
15957. |
10...|
15856. 1
15925. |
15321.
17...|
15953. !
15997. |
15296.
2 4 . ..f
15839. !
15368.
15899. |
3 1 . . .|
15755. 1
15827. |
15370.
7...I
15740. !
15810. !
15312.
14...|
15787. 1
15859. |
15326.
21...|
15825.
!
15769.
15305.
28.
1
15788.
!
15698.
15342.
7...I
1
15696. !
15271.
15749. !
14...i
15700. 1
15833. |
15349.
21... |
15864. (
15778. !
15405.
28...|
15437.
15954. |
15879. 1
4 . ..|
15786. 1
15846. I
15402.
11...1
15877. |
15802. 1
15385.
18...|
15936. 1
15471.
16021. !
2 5 . . .|
15524.
15919. 1
15982. |
2...I
15915. 1
15961. !
15502.
9...I
15929.
16i•. 1
15506.
15993. |
1
15968. !
16015. !
15483.
23...1
16005. I
15484.
30... |
16091. |
16047. |
15992. 1
15535.
6
|
15845. 1
1 3 -- |
15892. (
15499.
15840. 1
15964. |
20...|
15494.
15801. I
27...1
15969. |
15476.
15983. 1
4. . ..|
15560.
16103. |
16045. 1
15554.
16100. !
11...1
15928. I
15529.
18...)
16091. |
16043. 1
15527.
25...1
16102. 1
15860. 1
15496.
15930. |
1... |
15762. 1
15918. |
15428.
8.. . V
15889. 1
15...|
16019. |
15422.
15959. 1
15573.
22...|
16115. (
16048. 1
15586.
29... 1
16121. |
15971. 1
5... |
16065. |
15644.
16069. 1
16146. !
15621.
12...1
16098. 1
15607.
16123. !
19...|
15961. !
15598.
16102. !
2 6 . . .|
15991. 1
16054. !
15608.
3...|
16254. |
16210. 1
15775.
10...1
16166.
1 7 . . .|
16237. !
15752.
1
16202. 1
16258. t
15753.
2 4 . . .|
16096. 1
16175. |
31...f
15721.
16092. 1
7...|
16250. |
15701.
16196. |
16052. (
15625.
14...|
16225. 1
16318. |
15711.
2 1 . . .|
16182. 1
15727.
16277. |
28—
9
16124. t
15836.
5... |
16216. |
16160. 1
16267. |
15821.
12...I
16182. 1
15830.
16344. (
19 . . . |
16095. !
15841.
26...!
16402. |

...

!1
II
TOTAL
! HONETARY II
|
BASE
11 RESERVES
1!
1
!
J 1.
|
46.6
16873.
1!
t
46.1
16413.
11
46. 1
16200.
!
II
16137.
!
46.2
1!
15924.
|
46.1
II
46.1
15856.
|
II
46.1
|
15702.
11
15755.
|
46.1
1!
46.
1
15667.
|
1!
15647.
|
46.1
It
1
15527.
46.1
It
46.2
15796.
|
II
1
15772.
46.3
1!
|
46.5
15789.
II
15636.
46.4
|
11
!
46.5
15798.
1!
|
46.7
15969.
II
|
15945.
46.6
II
15928.
(
46.5
II
15896.
!
46.6
II
(
46.6
15912.
1!
!
46.7
15900.
11
15875.
)
46.7
II
15715.
|
46.6
11
|
16066.
46.7
II
16087.
|
46.7
II
|
16240.
46.8
II
!
16154.
46.8
II
16114.
(
46.8
II
!
1603 .
46.9
II
|
46.7
15875.
II
15861.
|
46.8
II
!
46.9
15872*
II
47.0
|
16031,
II
15945.
|
47.0
II
15861.
|
46.9
II
47.0
15972.
|
II
|
47.0
16145.
II
|
47.0
16168.
II
1
47.0
16141.
11
16278.
|
47.2
11
16253.
|
47.2
11
!
16298.
47.2
11
47.1
16174.
|
II
!
16284.
47.2
II
16165.
!
47.2
II
|
47.3
16402.
II
!
47.4
16346.
II
|
47.2
16233.
II
1
47.3
16238II
|
16610.
47.5
II
!
16933.
47.5
II

NOT SEASONALLY ADJUSTED
|
NON| REQUIRED
| BORROWED | RESERVES
1 RESERVES 1
1
1.
16147.
|
16532. |
|
16349. |
15803.
15596.
|
16131. |
|
16093. |
15436.
|
15864. |
15393.
|
15784. |
15399.
15204.
|
15632. |
|
15683. |
15222.
15147.
|
15611. |
15557. |
15201.
|
15474. |
|
15049.
15312.
|
15663. |
|
15686. |
15313.
15714. |
15272.
|
|
15576. |
15192.
15306.
|
15723. |
15884. |
15419.
|
15487.
|
15882. |
15469.4
|
15882. |
15409.
|
15832. |
15380.
|
15865. |
15814. I
|
15293.
|
15820. |
15363.
|
15668. |
15322.
|
15942. |
1559615594.
|
15919. 1
|
16120. |
15697.
|
15608.
16099. 1
|
15951. |
15552.
15461.
15977. |
|
15441.
|
15805. |
|
15371.
15705. |
|
15742. 1
15275.
15875. |
15489.
|
15410.
|
15872. 1
15767. |
15440.
|
15895. |
15447.
|
16120. |
15629.
|
16027. |
15664.
|
15695.
16078. |
|
16234. |
15799.
|
16182. |
15768.
|
15793.
16242. |
|
16095. 1
15720.
|
15735.
16126. |
|
15594.
|
16021. 1
15795.
16309. |
|
15796.
|
16251. ;
15853.
16.141. ?
|
15792.
16131. 1
|
16447. 1
16095.
|
16626. |
16372.
|

| HONETARY
|
BASE
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
I
|
|
|
|
1
|
|
|
|
|
|
1
|
1
|
|
|
|
I
|
|
|
|
|
|
|
|
|
|

47.5
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
46.5
47.0
47.3
47.1
46.8
46.5
46.9
46.9
47.0
46.7
46.8
47.1
47.0
46.8
46.9
47.4
47.4
47.3
47.0
47.5
47.6
47.9
47.8
47.8
48.1
48.5
48.9

1




TABLE 6
AGGREGATE RESERVES & MONETARY BASE
ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS

1963

JAN
JAN
JAN
JAN
JAN
PEB
PEB
FEB
PEB
HAR
BAR
HAP
HAR
APR
APR
APR
APR
HAY
HAY
HAY
HAY
HAY
JUN
JON
JUN
JUN
JOL
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

1
1
TOTAL
1
1 RESERVES
1
|
17021.
2...|
16362.
9« • • |
16442.
16...I
16413.
23.• • |
16325.
30... |
16319.
6...I
16377.
13...|
16301.
20...|
16335.
27 -- |
6...I
16312.
13...!
16328.
16224.
20..•|
16310.
27... |
16379.
3...I
16235.
10...|
17...|
16446.
16454.
24...!
16370.
1...I
16335.
8... |
15...!
16392.
16402.
22...|
16429.
29...!
16250.
5...!
16266.
12. . .|
16358.
1 9 . . .|
16428.
26...!
1657C.
3... 1
10 . . . |
16516.
17...!
16688.
16574.
2 4 . . .|
16366.
31...!
7...|
16630.
14...!
16557.
21...|
16452.
16451.
28...!
16541.
4. . • l
16610.
11...i
16484.
18...I
16630.
25...!
16585.
2...|
16671.
9...|
16...!
16550.
23...!
16513.
30... !
16413.
6...!
16676.
16655.
13 -- J
16733.
20...|
16527.
27...!
16851.
4...!
16585.
11...!
18...!
16981.
25...J
16959.

SEASONALLY ADJUSTED

J
|
I
|
|
|
|
|
|
|
|
1
|
|
!
|
!
!
|
|
|
|
!
!
|
!
I
|
|
!
|
|
|
!
!
|
!
|
!
|
!
|
|
|
!
!
|
!
{
]
(
|
!
(
|

I
1
NONJ REQUIRED ! MONETARY |
BASE
!
BORROWED l RESERVES !
RESERVES |
1
I
1
16307."| ” 15987. !
48.2
|
15924. !
47.6
!
16299. |
47.7
1
15921. I
16363. I
15927.
!
47.7
|
16243. |
47.6
!
15894. |
16226. |
47.7
|
15862. !
16096. |
15874. 1
47.8
1
16212. !
47.7
!
15876. !
16144. |
15868. t
47.8
!
16206. |
15916. !
47.9
|
16170. !
47.9
|
16191. |
15839. |
15854. |
47.8
!
16167. !
15847. |
48.0
|
16069. !
48.1
!
15925. 1
16205. |
15861. |
48.0
|
16148. |
15913. |
48.3
!
16289. |
15941.
|
48.3
I
16297. |
15970. 1
16276. |
48.2
!
15974. !
16225.
48.2
|
48.3
!
15933. I
16193. !
15949. |
48.3
(
16121. |
15952. !
48.4
!
16163. !
15910. !
16034. !
48.3
|
15847. !
48.3
|
16018. I
16074. |
15860. |
48.5
|
16049. |
48.6
|
16194. |
16241. |
16138. |
48.8
|
48.7
!
16193. |
16053. |
16288. |
16093. !
48.9
|
16103.
|
48.8
!
16262. |
16069.
|
48.6
|
16223. |
16148. |
49.0
!
16232. |
16084. !
49.0
|
16205. |
16050. !
16158. (
48.9
|
16043. |
48.9
|
16177. (
16216. !
16061. |
49.0
|
49. 1 |
16256. f
16109. |
16136. !
49.0
!
16291. |
16170. |
49.2
|
16242. 1
16233. |
49.2
|
16242. !
16236. |
49.3
|
16279. !
16164. !
49.3
|
16241. !
16084. !
49.2
|
16152. !
16065. |
16214. !
49.2
|
49.4
|
16247. |
16272. |
49.5
|
16355. |
16224. {
16227. !
49.6
J
16302. !
49.4
|
16327. !
16192. |
16344. !
16265. |
49.9
|
49.6
|
16470. !
16395. |
16489. !
50.0
!
16709. !
16485. !
50.0
!
16642. |

NOT SEASONALLY ADJUSTED
TOTAL
|
NONRESERVES ! BORROWED
! RESERVES
1
17644. |
16930.
16885. |
16822.
16726. |
16647.
16560. |
16390.
16290. |
16191.
16354. |
16131.
16307. !
16142.
16198. !
16041.
16172. 1
16043.
16194. |
16052.
16122. |
15985.
16171. !
16114.
16265. |
16024.
16271. |
16097.
16054. |
15967.
16350. |
16193.
16380. |
16223.
16289. |
16195.
16343. |
16233.
16308. |
16109.
16324. |
16043.
16254. |
15988.
16095. |
15879..
16097. (
15849.
16423. !
16139.
16625. I
16391.
16793. !
16464.
16346.
16669. |
16754. |
16354.
16526. |
16214.
16259. |
16116.
16512.. |
16114.
16334. |
15982.
16274. |
15980.
16188. |
15914.
16308. |
15983.
16422. |
16068.
16472. |
16279.
16746. |
16358.
16366.
16709. |
16731. |
16339.
16549.. !
16240.
16513. |
16152.
16338. !
16139.
16701. |
16297.
16615. 1
16315.
16784. !
16353.
16574. |
16374.
16854. (
16347.
16516. |
16401.
17146. |
16874.
17419. !
17102.

| REQUIRED I HONETARY
| RESERVES I
BASE
|
I
1
J.
|
4977“
166107 I
16447. I
|
48.5
|
16205. I
48.0
!
16074. I
47.6
|
15859. 1
47.1
!
15897. 1
47.4
|
15804. 1
47.5
|
47* 3
15773. 1
!
15705. 1
47.2
|
15798. 1
47.4
|
15633. 1
47.5
|
15801. 1
47.5
|
15802. 1
47.5
I
15817. 1
47.6
|
15680. 1
47.8
|
15817. 1
48.0
|
15867. I
47.8
|
15889. I
47. 5
|
48.1
15982. 1
|
15849. 1
48.0
|
15871. 1
48.0
|
15777. 1
47.8
|
48.0
15755. 1
|
15678. 1
48.2
|
15925. 1
48.5
|
16246. !
48.5
|
16361. 1
49.0
|
16206. 1
49.4
|
16159. 1
49.2
|
16055. 1
48.8
|
48.4
15962. 1
|
16030. 1
49.0
15861. 1
48.9
|
|
15872. 1
48.8
|
15780. 1
48.5
15828. 1
!
48.8
|
15921. 1
49.2
!
16124. 1
49.1
|
16286. 1
49.1
16357. 1
49.1
!
49.6
|
16296. 1
49.4
!
16163. 1
16084.
49.3
|
1
15990. I
48.9
|
49.6
|
16272. 1
16184. !
49.9
|
50.0
16278. 1
!
49.9
|
16239. 1
50.5
16268. !
1
50.4
16326. 1
!
16654. 1
50.9
|
51.4
16945. !
!




TABLE 6
AGGREGATE RESERVES 8 MONETARY BASE
ADJUSTED FOR CHARGES IN RESERVE REQUIREMENTS

1961

JAR
JAR
JAR
JAR
FEB
FEB
FSB
FEB
MAR
MAR
MAR
MAR
MAR
APR
APR
APR
APR
RAY
HAY
MAY
HAY
MAY
JUR
JON
JOR
JUR
JOL
JUL
JUL
JOL
AUG
AUG
AOG
AOG
AOG
SIP
SBP
SEP
SEP
OCT
OCT
OCT
OCT
ROV
NOV
ROV
ROV
ROV
DEC
DEC
DEC
DEC

I
1.
TOTAL
1
1 RESERVES
1
1
15878.
A... |
11...1
15241.
15468.
18...|
15744.
25...1
15307.
1...I
15350.
8...|
15390.
15...|
15564.
22...1
15550.
1...I
15248.
8. . . |
15...|
15438.
15355.
22...|
15347.
2 9 __ 1
5 ... |
15322.
15394.
12...|
19...|
15448.
15446.
26... |
15195.
3...I
10...|
15181.
17..• |
15355.
2 4 . . .|
15363.
31...|
15401.
15336.
7...|
1 4 . . .|
15361.
21...|
15445.
28...1
15390.
15374.
5...|
12..
15485.
19...1
15409.
2 6 . . .|
15412.
2... 1
15550.
15577.
9...|
16...|
15641.
23..
15614.
30...|
15644.
6... |
15634.
15667.
1 3...|
20...|
15693.
2 7 . . .|
15754.
4...)
15774.
15733.
11. . . |
1 8...|
15999.
2 5 __ |
15953.
1...I
15901.
8...|
15838.
1 5 ...|
15955.
2 2 -- |
15998.
16083.
2 9 . . .|
6... 1
15909.
13...|
15878.
20... |
15970.
27...(
15894.

SEASONALLY ADJUSTED
|
RON| REQUIRED
| BORROWED | RESERVES
1 RESERVES |
1
14864.
|
15702. |
|
15190. 1
14669.
14676.
|
15433. |
1
14740.
15697. |
14759.
|
15241. |
|
15171. |
14782.
|
14748.
15197. |
|
14839.
15*57. |
14871.
15500. |
1
15154. |
|
14821.
15389. |
14803.
|
|
14851.
15303. |
14747.
|
15269. |
14787.
15215. |
|
|
14813.
15342. |
14767.
15404. |
|
|
15409. |
14715.
|
15134. |
14728.
15117. |
14703.
|
|
14753.
15182. |
15297. |
14798.
|
15309. |
14786.
|
|
14765.
15274. |
|
15290. |
14732.
|
15403. |
14899.
|
15309. |
14763.
\
15326. |
14827.
|
14828.
15438. |
|
15354. |
14720.
|
14762.
15362. |
1
15475. |
15073.
|
15454. |
15020.
1
15037.
15579. |
|
15577. |
15017.
|
15607. |
15050.
1
15577. |
15093.
|
15640. |
15078.
15126.
|
15649. |
15097.
15727. |
|
15290.
|
15740. |
15240.
15704. |
|
15854. |
15425.
|
15405.
|
15897. |
15358.
|
15827. |
15747. |
15365.
|
|
15833. |
15367.
15401.
|
15908. |
|
15982. |
15362.
15874. 1
15364.
1
15838. |
15312.
f
15861. |
|
15392.
|
15678. |
15334.

1
1
| MONETARY |
|
BASE
1
1
1
1
1
|
45.3
|
44.7
|
1
|
44.9
|
|
45.2
|
|
44.8
|
|
44.8
|
1
44.9
|
45.0
|
|
|
45.0
|
44.7
|
|
44.9
|
1
|
44.8
|
|
44.8
|
|
44.9
|
|
44.9
|
|
44.9
|
|
45.0
|
|
44.7
|
|
44.7
|
|
44.9
|
1
44.9
1
|
44.9
1
|
44.9
|
1
44.9
|
45.0
|
|
|
45.0
|
\
45.0
|
|
45.1
|
|
45.0
|
45.0
|
|
|
45.2
|
|
45.2
|
|
45.3
|
\
45.3
1
|
45.4
|
45.4
|
|
|
45.5
|
|
45.5
|
|
45.6
|
|
45.7
1
|
45.7
|
\
46.0
|
|
45.9
|
|
45.8
|
|
45.8
|
|
45.8
|
|
46.0
|
46.1
|
|
|
45.9
1
|
45.9
|
46.0
|
1
46.0
|
|

NOT SEASONALLY ADJUSTED
TOTAL
|
ROMRESERVES 1 BORROWED
1 RESERVES
1.
16311. |
16135.
15631. |
15580.
15717.. |
15682.
15895. |
15848.
15394. |
15328.
15372. |
15193.
15290, .4
15097.
15472. 1
15365.
15433. |
15383.
15099. |
15005.
15258. 1
15209.
15297.
15349. |
15220. |
15142.
15129. |
15022.
15207. |
15149.
15378.
15422. |
15420. |
15383.
15196. |
15135.
15146. |
15082.
15294. |
15121.
15292. |
15226.
15258. |
15166.
15190. |
15128.
15231. |
15160.
15605. 1
15563.
15463. |
15382.
15367.
15415. |
15445. |
15398.
15423. |
15368.
15356. |
15306.
15494.
15569. 1
15512. |
15389.
15506. |
15444.
15509. 1
15472.
15471. |
15434.
15365.
15422. 1
15470.
15497. |
15684.
15728. I
15752.
15779. |
15824. |
15790.
15640.
15669. |
16004. |
45859.
16018. «
15962.
15953. |
15879.
15874. |
15783.
15951. |
15829.
16087. 1
15997.
16044.
16145. |
15967. |
15932.
15948. |
15908.
16263.
16372. |
16464. |
16248.

| REQUIRED | MONETARY
1 RESERVES 1
BASE
|
1
1
|
15297, |
i i T
45.4
|
15059. |
|
14925. |
45.1
1
45.0
14891. |
|
14846. |
44.3
44.6
|
14804, |
|
14648. |
44.5
|
14747. |
44.6
44.4
|
14754. |
|
44.4
14672. |
1
14623, |
44.5
|
44.6
14845. |
14620. |
44.3
|
14594. 1
|
44.4
|
14620. |
44.6
|
44.7
14741, |
1
14689. |
44.4
|
44.3
14729. |
|
44.6
14668, |
44.6
|
14692. |
|
14727. 1
44.5
|
44.4
14643. |
44.7
|
14619. |
|
14602. |
44.8
|
45.1
15059. |
44.8
|
14836. 1
|
45.2
14868, |
|
45.4
14788. |
1
14734. |
45.2
45.0
|
14706. |
|
45.1
15092. |
45.4
|
14955. |
|
45.3
14902. |
45.3
1
14912. |
14877. |
45.0
|
45.4
|
14881. |
|
45.5
14908. |
|
45.6
15161. |
45.5
|
15122. |
|
15340. 1
45.6
|
15176. |
45.8
|
46.1
15430. |
|
15470. |
45.9
|
15410. |
45.8
|
46.1
15401. |
|
15363. |
46.2
1
15490. |
46.5
|
15424. |
46.5
46.5
|
15422. 1
|
46.7
15382. |
|
15794. |
47.2
15904. |
47.5
|




TABLE 6
AGGREGATE RESERVES 8 MONETARY BASF
ADJOSTED FOP CHANGES IN RESERVE REQOIREHFNTS

1960

JAN
JAN
JAN
JAN
FEB
FEB
FEB
FEB
NAN
HAN
HAN
HAN
HAN
APN
APN
APN
APN
HAT
HAT
HAT
HAT
JON
J ON
JON
JON
JON
JOL
JOL
JOL
JOL
A06
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOT
NOT
NOT
NOT
NOT
DEC
DEC
DEC
DEC

SEASONALLY ADJOSTED
I
1
NON| REQOIPED | HONFTARY
TOTAL
|
1
BASE
1 RESENTES | BONNOHED | NESERTES |
1
1 NESENTES \
1
1
1
...
99.6
19650. \
6...1
19169. |
15182. |
99.6
19666. |
19302. \
13..
15213. |
19689. |
99.7
19369. |
15278. |
20...1
19519. |
99.9
19195. |
19918. |
27...j
99.5
19205. |
15013. 1
19532. 1
3...I
99.9
19898. |
19098. |
19969. |
10... |
99.9
19961. |
13988. |
19953. |
17... 1
99.3
19398. \
29... |
19202. 1
19822. |
19925. |
99.9
2...I
19866. |
14073. |
99.3
19908. |
19770. |
19175. |
9...I
99.9
19903. |
19177. |
19392. |
16...|
19835. |
19389. |
23...|
19298. |
99.3
30...1
19107. |
19709. |
19350. 1
99.2
19688. |
13989. |
19251. |
99.2
6...|
13..• |
19669. |
99.2
13993. |
19196. |
2 0 . . .|
19805. |
19299. |
19991. |
99.9
19996. |
19965. |
99.5
27... |
19922. |
V ... |
19795. |
19293. |
19971. |
99.3
19997. |
19999. 1
99.5
19398. |
11... 1
1 8 . . .|
19882. |
19327. |
19925. |
99.9
25...|
19953. 1
19855. 1
19902. |
99.3
19863. |
19927. 1
1...I
99.9
19925. |
19918. |
8...1
19956. |
19518. |
99.9
19857. |
15...1
99.9
19983. |
19932. 1
22...|
15032. |
19975. |
99.5
19982. |
2 9 . . .|
99.9
19922. |
19510. |
19936. |
6...|
19935. |
19998. |
99.5
19995. |
13. . .|
15025. |
19689. |
19951. |
99.5
15205. |
20...|
19776. |
99.7
19689. |
15098. 1
27...1
19797. 1
19629. 1
99.6
15113. |
99.7
3...|
19798. |
19625. |
15191. |
10... |
19898. |
19689. |
99.7
17...|
15281. |
19700. |
19865. |
99.8
15119. |
29...1
99.6
19921. |
19698. |
31... |
15290. |
19967. |
19601. |
99.7
15253. |
7 ... |
19992. |
19597. |
99.8
15909. |
15110. |
1 9...|
19590. 1
99.9
2 1 . . .|
15212. |
15133. |
19693. I
99.8
15217. |
2 8 . ..|
19992. 1
19699. |
99.8
15368. |
5...|
15168. |
19757. |
99.9
15391. 1
19702. |
95.0
12...|
15293. 1
15509. |
1 9 . . .|
15930. |
19628. |
95.0
15260. |
19731. |
26...|
15020. |
99.8
15377. \
15188. 1
19813. |
99.9
2...|
15383. |
15297. |
19777. |
9...|
99.9
19799. |
99.8
1 6 . . .|
15356. |
15188. |
2 3 . . .|
15326. |
15227. |
19719. 1
99.8
19689.
|
3 0 ...|
15773. |
15886. |
95.3
7...|
15266. |
19626. |
99.8
15326. |
19...|
15213. |
15283. |
19573. |
99.7
21... |
15352. |
19672. 1
99.9
15926. 1
28...|
15351. |
15900. |
19706. |
99.8

1
|
|
1
1
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
f
|
|
|
t
1
|
1
|
|
|
1
|
|
|
|
|
|
f
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|

NOT SEASONALLY ADJOSTED
NONTOTAL
|
NESERTES 1 BORNONED
NESERTES
1
1
15699. |
19631.
19629.
15535. |
15996. |
19582.
15056. |
19283.
19309.
15117. |
19028.
19878. |
13903.
19876. |
19701. 1
19081.
19791. |
13998.
13990.
19585. |
19751. |
19025.
19809. |
19222.
19591. |
13939.
13825.
19529. |
19533. |
13862.
19311.
19872. |
19983. |
19959.
19831. |
19279.
19908. |
19359.
19891. |
19286.
<9380.
19782. f
19303.
19739. |
19768. |
19368.
19769. |
19390.
15169. |
19619.
19515.
19927. |
19897. |
19957.
19991. |
19600.
15289. |
19855.
15097. |
19796.
19816.
15131. |
15079. |
19781.
19699.
15115. |
19769.
19957. I
19760.
15033. |
15095. |
19789.
19957.
15256. |
15261. |
15182.
15237. |
15012.
15376. |
15176.
15281. |
15133.
15909.
15978. |
15093.
15333. |
15961. 1
15272.
15399. |
15263.
15179.
15397. |
15279.
15373. |
15913. |
15800.
15391.
15901. |
15919. |
*5399.
15869. |
15795.
15895. |
15796.

| RBQOIRED | MONETARY
| NESENTES |
BASE
|
1
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
1
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|

15112.
19988.
19902.
19652.
19636.
19999.
19368.
19277.
19300.
19223.
19290.
19358.
19182.
19092.
19065.
19508.
19502.
19507.
19910.
19389.
19329.
19301.
19306.
19339.
19607.
19991.
19960.
19367.
19768.
19623.
19693.
19567.
19539.
19991.
19399.
19389.
19937.
19792.
19719.
19765.
19592.
19602.
19809.
19897.
19793.
19735.
19766.
19716..
19701.
19709.
15115.
15151.

|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
\

95.5
95.1
99.8
99.1
99.2
99.1
99.0
93.8
93.7
93.9
99.0
99.1
93.6
93.9
99.0
99.2
99.0
99.0
99.3
99.1
99.0
99.0
99.3
99.2
99.6
99.2
99.7
99.8
99.9
99.5
99.6
99.8
99.8
99.5
99.9
99.8
95.0
99.8
99.6
99.9
95.1
95.2
99.8
99.9
95.2
95.2
95.2
95.7
95.5
95.5
96.1
96.1




adjusted por charges in resepve requirements

1959

JAN
JAN
JAN
JAN
FEB
PEB
FEB
PEB
BAR
NAR
BAR
BAR
APR
APR
APR
APR
APR
BAT
BAT
BAT
BAT
JON
JON
JON
JON
JOL
JOL
JOL
JOL
JOL
AOG
AOG
AOG
AOG
SEP
SEP
SEP
SEP
SEP
OCT
OCT
OCT
OCT
NOT
NO?
NO?
NO?
DEC
DEC
DEC
DEC
DEC

I
1.
TOTAL
1
1 RESERVES
1
1
15219.
7...|
15181.
19...|
15159.
21...|
15212.
28...|
9...1
15197.
15335.
11.. .|
1 8 -- 1
15222.
25...|
15123.
15121.
<1----- |
15239.
11...I
15119.
18.. . |
25...|
15192.
15198.
1...I
15339.
8...|
15280.
15...|
15293.
22...|
15095.
29...|
6...|
15086.
13 . . . |
15167.
15393.
20...|
15096.
27...|
15013.
3...I
15060.
1 0... |
15109.
17-- «
15083.
29...|
19976.
1...I
15127.
8...|
15226.
15.. .|
15369.
22... \
15199.
29...1
5... |
15238.
15339.
12 __ «
15250.
19. . . |
15315.
26...|
15318.
2-..|
9 ...|
15913.
16 . . . |
15305.
15300.
2 3 . . .|
19927.
3 0 . . .|
7...|
15226.
19...1
15187.
15225.
2 1 . . .|
15007.
2 8 . . .|
9. • . f
15150.
15262.
11...1
1 8 . . .|
15188.
25..
15108.
15012.
2...1
15239.
9...1
16...|
15155.
2 3 . . .|
15292.
30... |
15123.

SEASONALLT ADJUSTED
NON|
|
| BORROWED |
1 RESERVES |
\

|
|
|
1
|

|
1
|
|
|

1
|
|

|
|
|
|
|
|

|
|
|
\

|
|

1
|

1
|
|
|
|

|
|
|
|
|
|
|
1
|
|
|
|
|
|
1
1
|
|
|

19588. |
19968. |
19721..|
19723. |
19782. 1
19800. 1
19657. |
19667. |
19592. |
19531. |
19599. |
19592. |
19536. |
19662. |
19577. |
19999. 1
19389. |
19911. |
19958. |
19590. |
19388. |
19169. |
19081. |
19133. |
19207. |
19055. |
19100. f
19229. |
19957. |
19309. |
19209. |
19261. f
19305. |
19375. |
193 53. |
19356. |
19296. |
19991. |
19206. |
19220. |
19139. |
19906. 1
19217. 1
19329. |
19359. |
19332. |
19286. |
19192. 1
19323. |
19199. |
19312. 1
19195. |

NOT SEASONALLT ADJUSTED
91
19
NON| REQUIRED | BONETART
TOTAL
|
REQUIRED | ‘MONETARY II
RESERVES 1
BASE
BASE
II RESERVES | BORROWED | RESERVES |
1
91
1 RESERVES |
1
1
1
.11.
15639. |
9973”" II
15008. |
15091. |
95.1
196717 V
19620. |
19726. |
99.2
15939. |
19878. |
99.6
II
19629. 1
99.3
15321. |
19883. |
19786. |
99.3
II
99.9
19819. |
15391. |
19998. |
99.1
19852. |
II
99.9
15289.
|
19793. |
19869.
|
19880.
|
99.1
91
99.5
19797. |
19782. \
15300. |
19765. 1
99.. 2
19
9 9 .9
19780. |
15130. |
19688. |
99.0
19565. |
II
99.3
19713. |
19520. |
19566. |
19976. |
93.7
II
19703. |
99.3
19969. |
19935. |
19596. |
93.8
II
9 9 .9
19967. |
19681. 1
19317. |
15020. 1
99.0
II
19731. 1
99.3
19985. |
19622. |
15010. |
99.0
II
19739. I
99.9
19665. |
19523. |
99.0
15123. |
1i
9 9 .9
19680. |
19309. |
19953. |
19921. |
93.8
II
99.5
19835. |
19925. |
15299. |
19572. |
99.3
II
99.5
15236. |
19836. |
19533. |
19792. |
99.3
II
99.5
15398. 1
19838. |
9 9 .3
19733. »
19599. |
II
9 9 .9
19730.
|
19677. |
15098.
|
19992.
|
93.9
II
9 9 .9
19759. |
19728. 1
19937. |
15112. |
9 9 .2
II
99.6
19653. |
19713. |
15107. |
19398. 1
9 9 .3
II
99.8
19765. |
99.5
19791. |
19519. |
15367. |
II
99.5
19295. |
19953. |
99.0
19716. |
19623. |
II
99.5
19090. 1
19586. |
19710. |
19889. 1
99.2
II
9 9 .9
19897. {
19969. |
19632. |
99.5
13918. |
II
19636. |
19116. |
9 9 .5
99.6
19653. |
15092. |
II
19293. |
19712. |
9 9 .5
19626. |
15169. |
99.6
II
19019. |
19623. |
99.3
99.5
19990. |
19659. |
11
19580. |
15015. |
13988. |
9 9 .9
99.6
19692. |
II
99.7
19171.
|
19762.
|
9 9 .9
15173.
|
19815. |
II
19985.
|
95.1
19561.
|
19881. 1
99.9
15973.
|
II
19871. |
19330. |
99.6
99.7
19895. |
15220. |
11
19823. |
99.8
99.8
19189. |
19838. |
15223. |
II
19638. |
19107. |
9 9 .9
99.9
15180. |
19792. |
II
99.7
19637. |
19123. |
19819. |
99.8
15068. |
II
19698. |
99.6
19195. |
19878. f
9 9 .9
15135. |
11
99.6
19712. |
19917. |
99.8
19198. |
15113. |
II
19691. 1
95.1
19855. |
9 9 .9
19192. 1
15199. \
11
19717. |
19191. |
9 9 .9
99.8
15200. |
19822. 1
II
19827. |
9 9 .9
19990. |
19778. |
99.8
15399. |
11
19707. \
9 9 .9
19220.
|
19721.
|
99.2
19991. |
II
99.8
19181. |
19709. |
19793. |
99.7
15187. |
II
19025. |
19589. |
99.8
99.6
19698. |
15073. |
II
19910. |
19723. |
99.8
19719. |
99.7
15229. I
II
19803. 1
99.5
19315. |
19705. |
99.5
15105. f
II
99.7
19917. |
19893. |
19750. |
99.6
15293. |
II
19751. 1
95.0
19365. |
19790. |
99.7
15273. |
II
19796. |
19397. |
9 9 .9
19731. 1
9 9 .6
15203. |
11
19699. |
99.8
19310. |
19675. |
99.5
15132. |
II
9 9 .9
19157. |
19661. |
99 . 9
19696. |
15027. |
II
95.9
19939. |
19830. |
19719. i
99.6
15395. |
II
19955.
\
95.9
19992.
|
19712. |
99.5
15398. |
II
15130. |
95.9
19789. |
19653. |
99.7
15769. |
II
15090. |
95.7
19576. |
15509. |
19659. 1
99.5
11