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FEDERAL RESERVE statistical release ?***LK&yy ••'+> H.3(502) ,/i •'<• ' f ^ For Immediate ^.i' Aggregate Reserves and Member Bank deposits L L AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS SEASONALLY ADJUSTED Of SEPT 2 1 , i 9 7 9 *'<Tn, 'W] | MEMBER BANK RESERVES _ l / Period Total Nonborrowed Base 1 / Required DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Private Demand Deposits Time and Savings Total Total 10.0 9.4 9.9 9.8 8.9 10.3 9.8 175.6 173.8 171.1 174.8 173.7 175.9 177.2 177.3 1.9 1.8 1.8 1.8 1.7 2.4 1.8 2.2 189.0 187.5 186.0 9.9 10.0 9.8 179.2 177.6 176.3 2.3 2.1 1.6 431.5 433.2 433.9 434.6 435.6 186.3 186.7 187.2 187.2 186.0 10.1 9.7 8.9 9.7 9.9 176.2 177.0 178.4 177.4 176.1 1.6 3.0 2.6 1.8 1.6 436.8 438.3 188.8 190.0 10.2 11.3 178.6 178.8 1.9 3.0 139.9 142.4 143.4 143.3 143.9 144.5 144.9 145.6 146.9 148.4 621.1 619.7 616.4 618.6 613.9 ol3.1 618.7 623.7 433.5 436.1 434.1 432.0 428.7 425.9 429.4 434.4 185.6 181.9 180.5 184.7 183.5 184.8 187.5 187.1 40.02 40.71 41.02 145.7 147.1 147.3 619.7 618.4 617.4 428.4 428.9 429.7 40.79 40.55 40.71 41.02 41.07 147.8 147.7 148.3 148.5 149.1 &19.4 622.9 623.8 623.6 623.3 150.1 149.2 627.5 631.3 NOV. DEC. 39.75 41.27 39.05 40.40 39.53 41.04 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. 41.48 40.75 40.81 40.65 40.48 40.42 40.82 41.07 40.48 39.78 39.82 39.73 38.72 39.00 39.65 39.99 41.26 40.54 40.66 40.47 40.34 40.20 40.61 40.85 11 18 25 39.98 41.08 41.00 39.04 39.90 39.71 1 8 15 22 29 41.08 40.69 41.01 41.04 41.44 40.13 39.93 39.99 39.65 40.32 41.45 40.93 40.11 39.70 135.3 136.8 1 | 1 Other 3.3 4.0 3.5 2.3 2.3 186 . 5 186.2 187.2 187.0 185.1 37.77 38.02 U.S. Govt. Demand 175.2 176.9 177.0 175.9 175.2 413.0 416.8 418.3 427.5 429.4 36.79 37.15 Net 1 Interbank 11.2 9.3 10.2 11.1 9.8 602.7 607.0 608.9 616.9 616.7 37.93 38.21 1978—AUG. SEPT. WEEK | Monetary I 1 8.1 1 ENDING: 1979—JULY AUG. SEPT. 5 P 12 P i I j j 41.00 40.80 ! SEE REVERSE SIDE FOR EXPLANATION OF FOOTNOTES. H.t(502) Page 2 Aggregate Reserves and Member Bank Deposits AVERAGES OF DAILY FIGURES, IN BILLIONS OF DOLLARS NOT SEASONALLY ADJUSTED | J MEMBER BANK RESERVES jJ DEPOSITS SUBJECT TO RESERVE REQUIREMENTS Monetary Period Nonborrowed Total 1 Basel/ Required Time and Savings Total Private Demand Deposits Total Net U.S. Govt. Demand Other Interbank 1978—AUG. SEPT. OCT. NOV. DEC. 37.57 37.81 38.38 39.65 41.68 36.43 36.75 37.10 38.94 40.81 1979—JAN. FEB. MAR. APR. MAY JUNE JULY AUG. 43.08 40.70 40.22 40.72 40.24 40.10 40.92 40.72 42.08 39.73 39.23 39.81 38.47 38.69 39.75 39.63 WEEK ! ! ! 37.40 37.61 38.22 39.42 41.45 42.87 40.49 40.06 40.55 40.10 39.88 40.71 40.49 ' ! ; 135.2 136.2 137.5 140.5 144.6 599.2 605.9 608.4 615.1 624.0 412.8 416.6 418.5 425.2 429.6 183.9 184.7 186.9 188.0 191.9 l l . i 9.3 10.1 11.4 10.4 172.8 175.4 176.8 176.6 181.5 2.5 4.6 3.0 2.0 2.5 144.4 141.9 142.3 144.2 144.4 145.6 147.9 148.4 627.1 614.3 614.3 621.1 610.9 433.8 434.2 434.9 432.3 429.8 427.2 429.8 434.1 191.5 178.2 177.5 186.8 179.2 183.9 187.8 184.5 10.6 7.9 9.1 9.7 9.2 8.9 10.4 9.7 180.9 170.3 168.4 177.1 170.1 175.0 177.4 174.8 1.9 1.8 1.9 2.0 1.8 2.8 1.6 1.7 191.2 188.9 183.6 10.2 9.9 9.4 181.0 179.0 174.1 2.0 1.7 1.4 1 613.9 619.2 620.3 ENDING: 1979—JULY AUG. SEPT. 11 18 25 1 8 15 22 29 5 P J 39.48 41.5? 41.20 41.15 40.26 40.73 40.66 41.11 40.94 ! 1 1 ' 429.1 428.9 429.8 147.2 148.8 147.9 40.20 39.49 •39.70 39.27 39.99 40.86 40.12 40.43 40.64 40.74 147.6 148.4 148.8 148.4 148.0 617.5 620.6 621.6 619.9 618.0 431.5 433.1 433.6 434.1 435.5 184.7 185.2 186.2 184.2 181.2 10.1 9.8 9.0 9.6 9.7 39.60 40.48 149.7 623.3 436.7 185.3 8.9 | 1 622.3 619.5 614.7 39.51 41.21 41.21 38.54 40.39 39.91 i 1 175.4 i 177.1 174.6 171.5 1.4 2.3 1.9 1.6 1.3 176.4 1.3 174.6 ! 178.8 2.1 11.4 190.1 438.0 630.2 40.20 1 38.97 1 40.06 1 149.0 1 12 P 1 P - PRELIMINARY 1/ MEMBER BANK RESERVES SERIES REFLECTS ACTUAL RESERVES REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES I N REGULATION D AND M. EFFECTIVE NOVEMBER 2 , 1 9 7 8 , A SUPPLEMENTARY RESERVE REQUIREMENT OF 2 PERCENTAGE POINTS WAS IMPOSED ON TIME DEPOSITS OF $ 1 0 0 , 0 0 0 OR MORE. THIS ACTION INCREASED REQUIRED RESERVES APPROXIMATELY $ 3 . 0 BILLION I N THE WEEK BEGINNING NOVEMBER 1 6 , 1 9 7 8 . 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS E A R L I E R ) ; CURRENCY OUTSIDE THE U . S . TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS. NOTE: BACK DATA ARE AVAILABLE FROM THE BANKING SECTION, D I V I S I O N OF RESEARCH AND S T A T I S T I C S , BOARD OF GOVERNORS OF THE FEDERAL RESERVE S Y S T E M WASHINGTON, D . C . 2 0 5 5 1 . H.3 (502) Page 3 Aggregate Reserves and Monetary Base ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS ^ AVERAGES OF DAILY FIGURES, IN MILLIONS OF DOLLARS | SEASONALLY ADJUSTED MEMBER BANK RE8ERVES Period NOT SEASONALLY ADJUSTED MEMBER BANK RESERVES ~| Monetary Base Total Nonborrowed Required Total 40,388 40,623 41,235 40,940 41,447 43,080 40,704 40,218 40,725 40,238 40,105 40,917 40,719 42,078 39,731 39,227 39,808 38,473 38,687 39,747 39,634 42,866 40,495 40,060 40,549 40,097 39,684 40,706 40,494 145,736 147,071 147,296 39,477 41,573 41,201 38,536 40,391 39,909 39,514 41,206 41,215 147,174 148,844 147,867 40,790 40,550 40,713 41,025 41,069 147,848 147,707 148,307 148,543 149,111 41,147 40,257 40,728 40,658 41,109 40,201 39,495 39,705 39,272 39,992 40,857 40,116 40,429 40,644 40,739 147,609 148,371 148,804 148,424 148,027 41,000 40,798 150,064 149,225 40,939 40,198 39,599 38,968 40,484 40,064 40,760 41,031 41,237 41,051 41,039 41,479 40,754 40,815 40,647 40,481 40,421 40,824 41,073 40,476 39,781 39,825 39,730 38,716 39,004 39,653 39,988 41,264 40,545 40,657 40,471 40,340 40,201 40,613 40,848 143,400 143,345 143,893 144,486 144,862 145,601 146,936 148,424 23 39,985 41,081 41,005 39,044 39,899 39,713" 40,022 40,714 41,019 1 8 15 22 29 41,080 40,691 41,012 41,039 41,439 40,134 39,929 39,989 39,653 40,322 5 P 12 P 41,455 40,932 40,115 39,702 J Monetary Base Required 39,416 39,756 40,120 40,459 40,811 39,788 40,163 40,122 40,570 40,403 1979—-JAN. FEB. MAR. APR. MAY JUNE JULY AUG. Nonborrowed 40,555 40,816 41,397 41,162 41,679 138,290 139,841 140,777 141,450 142,381 40*928 41,223 41,399 41,274 41,271 1978—AUG. SEPT. OCT. NOV. DEC. " I 1 1 13*8,204 139,184 140,535 142,028 144,579 J 1 144,429 141,866 142,337 144,190 144,437 145,619 147,927 148,388 1 MEEK ENDING: 1979—JULY AUG. SEPT. 1/ 11 18 ; ! 1 149,720 149,043 ADUSTED FOR BREAKS IN SERIES DUE TO CHANGES IN REGULATIONS D AND M. HISTORICAL DATA AND A DESCRIPTION OF THE ADJUSTMENT PROCEDURE ARE AVAILABLE FROM THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, WASHINGTON, D.C. 20551.