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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.