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FEDERAL RESERVE statistical release For Allien at 4:30 Eastern Time N.3 4NQ Table 1 SEPTEBBER AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE 20, 1984 1 Adjusted for changes In rose rvo requirements Averages of dally figures, seasonally ad|ustsd unlsss noted other wtos MIINons of dollars tote? Dais 1 rejssryss of depository Institutions nonborrowad plus nonborrowad required extended credit* 1983—AUG. SEPT. OCT. NOV. DEC. 35,218 35,307 35,317 35,245 35,279 33,672 33,866 34,473 34,340 34,505 1984—JAN. PEB. NAB. APR. 35,502 36,065 36,103 36,104 36,427 37,232 37,177 37,318 HAT JURE JULY AUG. PE exoess NSA4 Monetary bassr Borrowings of depository Institutions from the Federal Reeorvt , NSA seasonal extended total 1,546 198 1,441 190 844 142 906 121 774 96 credit* 34,380 34,729 34,346 34,507 34,772 34,809 34,812 34,716 34,718 56 1 180,127 181,775 182,845 183,949 184,969 34,787 35,498 35,152 34,870 33,439 33,932 31,253 29,301 34,791 35,503 35,179 34,914 33,476 35,804 36,261 36,344 34,889 35,123 35,395 35,614 35,850 36,465 36,571 36,632 613 942 709 490 577 767 607 686 186,940 188,582 188,715 189,662 191,262 193,121 194,026 195,227 715 567 952 1,234 2,988 3,300 5,924 8,017 86 103 133 139 196 264 308 346 5,008 7,043 29,588 29,635 28,926 35,686 36,610 36,110 36,107 36,922 36,394 635 700 678 193,552 195,570 194,979 7,155 7,987 8,146 340 338 360 6,098 6,976 7,184 29,449 36,450 36,537 666 125,410 7,755 309 7,001 34,163 446 498 505 529 491 515 256 6 2 4 5 27 44 37 1,873 TWO WEEKS ENDING 1984-AUG. 29 P 36,743 37,622 37,071 12 PE 37,204 1 15 SEPT. PRELIMINARY PE—PRELIMIBART ESTIBATE RESERTES AND HONETART BASE FIGURES INCORPORATE ADJUSTMENTS POR DISCONTINUITIES ASSOCIATED HITS TBE IBPLEHBNTATIOB OF THE HONETART CONTROL ACT AND OTHER REGULATORY CHANGES TO RESERVE REQUIREMENTS. TO ADJUST FOR DISCONTINUITIES DUE TO CHANGES IN RESERVE REQUIREMENTS ON RESERTABLE NONDEPOSIT LIABILITIES, THE SUM OF SUCH REQUIRED RESERTES ARE SUBTRACTED FROB THE ACTUAL SERIES. SIMILARLY, IN ADJUSTING FOB DISCONTINUITIES IN THE MONETARY BASE, REQUIRED CLEARING BALANCES AND ADJUSTMENTS TO COMPENSATE FOR FLOAT ALSO ARE SUBTRACTED FROM THE ACTUAL SERIES. 2/ TOTAL RESERTES NOT ADJUSTED FOR DISCONTINUITIES CONSISTS OF RESERYE BALANCES WITH FEDERAL RESERYE BANKS (HHICH EXCLUDE REQUIRED CLEARING BALANCES AND ADJUSTMENTS TO COMPENSATE FOR FLOAT) PLUS YAULT CASH USED TO SATISFY RESERYE REQUIREMENTS. SUCH YAOLT CASH CONSISTS OF ALL YAULT CASH HELD DURING THE LAGGED COMPUTATION PERIOD BY INSTITUTIONS HAYING REQUIRED RESERYE BALANCES AT FEDERAL RESERYE BANKS PLUS THE AMOUNT OF YAULT CASH EQUAL TO REQUIRED RESERVES DURING THE MAINTENANCE PERIOD AT INSTITUTIONS HAYING NO REQUIRED RESERYE BALANCES. 3/ EXTENDED CREDIT CONSISTS OF BORROWING AT THE DISCOUNT HINDOB UNDER THE TERMS AND CONDITIONS ESTABLISHED FOR TBE EXTENDED CREDIT PROGRAM TO HELP DEPOSITORY INSTITUTIONS DEAL WITH SUSTAINED LIQUIDITY PRESSURES. BECAUSE THERE IS NOT THE SAME NEED TO REPAY SUCH BORROWING PROMPTLY AS THERE IS RITH TRADITIONAL SHORT-TERM ADJUSTMENT CREDIT, THE HONEY MARKET IMPACT OF EXTENDED CREDIT IS SIMILAR TO THAT OF MONBORRORED RESERVES. 4/ RESERYE BALANCES HITH FEDERAL RESERYE BANKS PLUS YAULT CASH USED TO SATISFY RESERYE REQUIREMENTS LESS REQUIRED RESERVES. 5/ THE MONETARY BASE NOT ADJUSTED FOR DISCONTINUITIES CONSISTS OF TOTAL RESERVES PLUS REQUIRED CLEARING BALANCES AND ADJUSTMENTS TO COMPENSATE FOR FLOAT AT FEDERAL RESERYE BANKS PLUS THE CURRENCY COHPONENT OF THE HONEY STOCK LESS THE AMOUNT OF YAULT CASH HOLDINGS OF THRIFT INSTITUTIONS THAT IS INCLUDED IN THE CURRENCY COHPONENT OF THE MONEY STOCK PLUS, FOR INSTITUTIONS NOT HAYING REQUIRED RESERYE BALANCBS, THE EXCESS OF CURRENT YAULT CASH OVER THE AMOUNT APPLIED TO SATISFY CURRENT RESERVE REQUIREMENTS. AFTER THE INTRODUCTION OF CAR, CURRENCY AND VAULT CASH FIGURES ARE MEASURED OVER THE MONDAY-ENDING COMPUTATION PERIOD. PRIOR TO CRR, ALL COMPONENTS OF THE MONETARY BASE OTHER THAN EXCESS RESERVES ARE SEASONALLY ADJUSTED AS A WHOLE, RATHER THAN BY COMPONENT, AND EXCESS RESERVES IS ADDED ON A NOT SEASONALLY ADJUSTED BASIS. AFTER CRR, THE SEASONALLY ADJUSTED SERIES CONSISTS OF SEASONALLY ADJUSTED TOTAL RESERVES (HHICH INCLUDES EXCESS RESERVES ON A NOT SEASONALLY ADJUSTED BASIS) PLUS THE SEASONALLY ADJUSTED CURRENCY COMPONENT OF THE MONEY STOCK PLUS THE REMAINING ITEMS SEASONALLY ADJUSTED AS A WHOLE. BOTE! HISTORICAL DATA ARE AVAILABLE FROM THE BANKING SFXTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE http://fraser.stlouisfed.org/FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551 Federal Reserve Bank of St. Louis 1/ H.3(502) Table 2 AQQREQATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Not'adjusted for changes in reservej-equirements^ Averages 0? dally figures, not seasonally adjusted^ • Millions of dollars " Vault cash4 of depository institutions Monetitary base e1J Date total nonborrowed Reserve balances with F.R. Banks*' used to satisfy required reserves* I required surplus* / Net carryover of excess or deficit In reserve balances7 pips!!!!! Si::::::::::; •:::i::i::::L. ijiii::::::!::! !::•!!!!!!!!!:! ::::::::::::!:: 5i:5iiji:iiSi ::!:!!!!!:!!! •••yMiBuiin, 1983—AUG. SEPT, OCT* HOY. DEC. 38,661 37,916 38,137 38,144 38,894 37,114 36,475 37,294 37,239 38,120 38,214 37,418 37,633 37,615 38,333 185,398 185,112 186,598 188,971 192,359 21,965 20,585 21,059 20,943 20,986 20,035 20,798 20,471 20,558 20,755 16,695 17,331 17,078 17,201 17,908 3,340 3,467 3,393 3,356 2,847 1984—JAB. FEB. HAB. APB« HAT JUNE JOLT AUG. PE 40,120 36,365 36,278 37,154 36,519 37,518 37,464 37,259 39,405 35,798 35,326 35,920 33,531 34,218 31,540 29,243 39,507 35,423 35,569 36,664 35,942 36,752 36,858 36,574 192,301 186,672 187,813 190,344 191,080 193,962 195,525 195,698 21,325 18,414 19,484 20,351 19,560 20,210 19,885 19,265 22,578 22,269 20,396 20,152 20,446 20,770 21,134 21,688 18,795 17,951 16,794 16,802 16,960 17,308 17,579 17,994 3,782 4,318 3,602 3,349 3,486 3,461 3,555 3,694 36,868 37,613 36,888 29,713 29,626 28,743 36,233 36,914 36,211 194,361 196,504 194,861 19,079 19,691 18,723 21,597 21,533 21,981 17,789 17,923 18,166 3,808 3,610 3,815 37,576 29,821 36,910 196,576 20,180 20,782 17,396 3,386 !!! m iiiiiihi TBO WEEKS BB0IB6 198*—AUG. 1 15 29 SBPT. 12 PE P—PRELIHIMAHY P E — PBELIHIBAHY BSTIHATE. 1/ BEFLECTS ACTUAL BESEBYE BBQOIBEHENTS, INCLUDING THOSE OB SOHDEPOSIT LIABILITIES, BITH BO ADJ0STHBBTS TO BLIHIBATE THE EFFECTS OF DISCOBTIH0ITIBS ASSOCIATED BITH IHPLBHEHTATIOH OF THB HOHITABI COBTBOL ACT OB OTBBB HEG0LATOBY CHARGES TO BESBBfE BEQUIBBHBHIS. 2/ COBSISTS OF TOTAL BBSBBfBS PLOS BEQ0IBED CLEABIBG SALABCBS ABD ADJUSTHEH1S TO COHPEBSATE FOB FLOAT AT FBDEBAL BESBBfE BANCS PLOS THE C0BBEBCT COHPOBBBT OF THE HONEY STOCK LESS THE AHOOHT OF fA0LT CASH HOLDIBGS OF THBIFT IBSTIT0TIOBS THAT IS IBCLODBD IB THB COBBBBCT COHPOBBBT OF THE HOBBT STOCK PLOS, FOB IBSTITOTIOHS MOT HAflHG BEQUIBED BESBBfE BALANCES, THE EXCESS OF COBBEBT fAOLT CASH OfBB THE AHOOHT APPLIED TO SATISFY COBBBBT BBSEBfB BEQDIBEBBNTS. AFTBB THB IBTBODOCTIOB OF CBB, COBBBBCT ABD fAOLT CASH FIGOBBS ABE HEASOBED OfEB THE HOHDAI-ENDING COMPUTATION PEBIOD. 3/ BXCLODBS BEQOIBED CLEABIBG BALABCES AND ADJOSTHBNTS TO COHPBMSATB FOB FLOAT. V DATBS BEFBB TO THE HAINTENANCE PBBIODS IB WHICH THB fAOLT CASH CAB BE USED TO SATISFY BESBBfE BEQUIBBHEHTS. OBDBB CONTEHPOBABEOOS BESBBfE BBQOIBEHENTS, HAIBTENANCE PBBIODS END 30 DAIS AFYEB THE LAGGED COHPOTATIOM PEBIODS _ _ 5/ IB WHICH THE BALANCES ABB HELD. EQUAL TO ALL fAOLT CASH HELD DOBING THE LAGGED COHPOTATION PEBIOD BT INSTITUTIONS HAfING BEQUIBED BESEBfE BALABCES AT FBDEBAL BESEBfE BABKS PLOS THE AHOUNT OF fAOLT CASH EQUAL TO BEQUIBED BBSEBfES DOBING THB HAINTENANCE PEBIOD AT nrm^ «/ INSTITUTIONS HAfING NO BBQOIBED BESEBfE BALANCES. TOTAL fAOLT CASH AT INSTITOTIONS HAfING NO BEQUIBED BESBBfE BALANCES LESS THE AJIOONT OF fAULT CASH KQOAL TO THEIB 7/ BEQUIBED BBSEBfES DOBING THE HAINTENANCE PEBIOD. CONSISTS OF CABHYOfEB ONLY AT DEPOSITORY INSTITUTIONS HAINTAINING BBSEBfES ON THE BASIS OF TBO-BBEK HAINTENANCE PERIODS. BEFLECTS EXCESS <•) OB DEFICIT (-) BBSEBfES ELIGIBLE TO BE CABBIBD FOBMABD INTO THE THO-NEBR BESBBfE HAINTENANCE PERIOD ENDING ON THE DATE SHOWN. 157 H.3(502) T«b»o3 AQQREQATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE Adjusted lor chango* in noorvo requirements1 Averages of daily figures, not tootonoBy adjusted Dote total Reserves of depository institutions oonboffon«d Monotsfy fc£§o required 1983—AOG SEPT. OCT. BOf. DEC. 34,713 35,008 35,313 35,350 35,997 33.167 33,567 34,469 34,445 35,223 34,266 34,510 34,808 34,821 35,436 180,140 181,238 182,672 185,035 188,231 198*—JAB. FEB. BAB. APB. HAT JUBE JOLT AUG. PE 37,303 35,654 35,630 36,464 35,763 36,757 36,803 36,647 36,588 35,087 34,678 35,231 32,775 33,457 30,879 28,630 36,690 34,712 34,921 35,974 35,186 35,990 36,197 35,961 188,100 185,931 187,165 189,655 190,325 193,201 194,864 195,085 36,179 37,019 36,259 29,025 29,032 28,113 35,544 36,319 35,581 193,672 195,910 194,232 36,995 29,240 36,329 195,995 TBO BBEXS EBDIBG 1984—AOG, 1 15 29 P SEPT. 12 PE P — -PBELIHIBABI PE—PBELIBIBABT ESTIBATE. 1/ FIGOBES REFLECT AOJOSTBBBTS FOB DISCOBTIBUITIES ASSOCIATBD BITH THE IBPLEBEBTATIOB OF THE BOBETABI COBTBOL ACT ABO OTBEfi BBGULATOBI CBABGES TO BESEfiVE BEQOIfiBBEBTS.
@FedFRASER