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•$28&k. FEDERAL RESERVE statistical release H.3 (502) For Immediate Release SEPTEMBER 2 9 , 1980 Table 1 AGGREGATE RESERVES AND MEMBER BANK DEPOSITS Average of daily figures Member bank reserves'! total Period nonborrowed required Monetary base2 total millions of dollars Deposits subject to reserve requiremeMi time and private demand deposits savings other total net interbank billions of dollars U.S. government demand seasonallyf adjusted 1 9 7 9 — AUG. SEPT, OCT. NOV. DEC. 41,110 41,429 42,199 43,057 43,567 40,025 40,089 40,177 41,151 42,095 40,888 41,238 41,927 42,812 43,126 148.6 150.0 151.5 152.8 153.8 625.4 631.5 638.2 641.9 644.4 436.3 441.7 446.6 450.1 451.1 187.0 188.1 189.8 190.0 191.5 12.2 13.3 15.1 14.7 15.4 174.8 174.7 174.7 175.3 176.1 2.1 1.7 1.7 1.9 1.8 1980—JAN. FEB. MAB. APE. MAI JOKE F JOLY P AOG. P 43,441 43,350 43,687 44,354 44,458 43,982 42,795 40,757 42,200 41,695 40,864 42,398 43,439 43,603 42,400 40,099 43,191 43,139 43,483 44,649 44,268 43,759 42,514 40,450 154.7 155.6 156.7 157.9 158.5 159.0 158.8 158.2 643.7 647.2 649.1 655.4 656.8 658.0 658.5 667.8 451.9 454.4 457.9 464.2 467.7 467.9 467.0 474.2 189.5 190.9 189.4 188.7 187.3 188.4 189.1 191.5 13.6 14.5 15.6 17.2 17.1 16.9 16.6 14.4 176.0 176.4 173.9 171.5 170.2 171.5 172.5 177.1 2.3 1.9 1.8 2.4 1.8 1.7 2.5 2.1 P P P P 40,728 39,905 41,073 40,880 39,900 39,515 40,728 40,180 40,040 39,816 40,759 40,791 157.8 156.9 158.2 158.5 662.7 666.0 672.0 671.7 467.5 471.2 476.7 477.7 193.0 192.9 192.8 192.2 15.9 15.2 14.2 14.8 177.1 177.7 178.6 177.5 2.2 2.0 2.5 1.7 3 P 10 P 17 P 41,528 41,136 41,354 40,130 40,542 40,141 41,039 40,897 41,050 159.5 158.6 159.3 673.0 680.1 679.1 478.7 481.4 481.7 192.4 196.3 195.6 16.0 16.1 15.3 176.4 180.3 180.3 1.9 2.4 1.8 WEEK ENDING Z 1 9 8 0 — AUG. SEPT. 6 13 20 27 not seasonally adjusted 1979—AUG. SEPT. OCT. NOV. DEC. 40r715 41,054 42,280 42,997 44,020 39,630 39,713 40,258 41,092 42,547 40,494 40,862 42,007 42,753 43,578 148.4 149.4 151.3 153.5 156.3 620.4 629.1 637.8 642.2 652.6 434.2 439.5 445.7 449.2 452.0 184.5 ! 187.5 190.5 191.3 198.6 12.0 13.3 15.1 15.2 16.0 172.6 174.2 175.4 176.2 182.6 1.7 2.1 1.6 1.7 2.0 1990—JAN. FEB. MAB. APB. MAI JOKE P JOIY P AUG. P 45,179 43,177 43,114 44,888 43,975 43,495 42,873 40,382 43,938 41,522 40,291 42,433 42,957 43,115 42,478 39,724 44,928 42,966 42,910 44,683 43,785 43,272 42,592 40,074 155.9 154.0 154.9 157.5 157.8 158.6 159.6 158.0 652.1 643.9 648.0 657.7 651.5 656.9 658.2 662.5 454.6 455.8 460.6 464.7 467.7 467.4 466.0 471.8 195.4 186.2 185.5 190.4 182.1 187.2 190.0 189.0 14.5 14.3 15.2 16.8 16.2 16.6 16.8 14.2 180.9 172.0 170.4 173.6 165.9 170.6 173.2 174.8 2.1 1.8 1.9 2.6 1.7 2.3 2.2 1.7 P P P P 40,442 39,400 40,902 40,382 39,614 39,010 40,557 39,682 39,754 39,311 40,588 40,293 158.3 157.4 158.4 157.2 660.5 661.0 667.0 663.7 465.8 468.9 474.0 475.1 192.6 190.6 190.8 187.1 16.4 14.9 14.0 14.5 176.3 175.7 176.8 172.7 2.1 1.4 2.3 1.5 3 P 10 P 17 P 41,099 40,291 40,719 39,751 39,657 39,506 40,610 40,052 40,415 159.0 158.9 158.8 666.8 677.5 679.5 476.2 478.8 478.9 189.2 196.6 198.1 14.4 16.5 15.4 174.9 180.1 182.7 1.4 2.1 2.6 £E3K ENDING>: 1980—AU£. SIFT, 6 13 20 27 L See reverse side for explanation of footnotes. , H.3 Table 2 AGGREGATE RESERVES AND MONETARY BASE Adjusted for changes in reserve requirements3 Averages of daily figures Member bank reserves total 1 nonborrowed required Period millions of dollars seasonally adjusted Monetary base total billions of dolIars Member bank reserves I nonborrowed requnritF millions of dollars not seasonally adjusted Monetary base billions of dollars 1979—AOG. SEPT. OCT. NOV. DEC. 38,414 38,696 39,289 39,439 40,047 37,329 37,356 37,267 37,534 38,575 38,192 38,505 39,017 39,195 39,606 145.9 147.3 148.6 149.2 150.2 38,037 38,337 39,376 39,388 40,490 36,951 36,996 37,354 37,483 39,017 37,815 38,145 39,104 39,144 40,048 145.7 146.7 148.4 149.9 152.8 1980—JAK. FEB. MAF. APB. MAY JOKE P JOIY P AOG. P 40,015 39,956 40,084 40,132 40,128 40,101 40,191 40,730 38,774 38,301 37,260 37,676 39,110 39,721 39,797 40,071 39,764 39,745 39,880 39,927 39,938 39,878 39,910 40,422 151.3 152.2 153.1 153.2 154.2 155.1 156.2 158.1 41,715 39,761 39,500 40,155 39,667 39,618 40,281 40,354 40,474 38,106 36,677 37,700 38,649 39,239 39,886 39,696 41,464 39,550 39,296 39,951 39,478 39,395 40,000 40,046 152.5 150.5 151.3 152.8 153.5 154.7 157.0 158.0 P P P P 40,701 39,878 41,045 40,852 39,873 39,488 40,700 40,152 40,013 39,789 40,731 40,763 157.8 156.9 158.2 158.5 40,416 39,373 40,874 40,355 39,588 38,983 40,529 39,655 39,728 39,284 40,560 40,266 158. 157. 158. 157. SEPT. 3 P 10 P 17 P 41,496 41,105 41,324 40,148 40,511 40,111 41,007 40,866 41,020 159 158 159 41,067 40,260 40,689 39,719 39,666 39,476 40,578 40,021 40,385 159.0 158.8 158.7 WEEK ENDING: —.-.—-. 1980—AOG. V 6 13 20 27 S i m RESERVES SERIES REFLECT ACTUAL RESERVE REQUIEEMENTPERCENTAGES WITH j£ « ™ T H « TO S L I H J W B THE EFFECT OF CHANGES IN REGULATIONS D AND H. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE ™ j ^ \ ™ R " " * o E . »» • 1 ? 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS. IN ADDITION M E B " L UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS REDUCED. THIS ACTION T » r « S ^ n BBODIR'D RESERVES ABOUT $1,693 MILLION IN THE WEEK ENDING APRIL 2, 1980. EFFECTIVE HAY 29, 1980, 2/ ' 3/ ON MANAGED ™ L I L I T I E T O D THE 2 PERCENT SUPPLEMENTARY RESERVE REQUIREMENT AGAINST LARGE TIME DEPOSITS BURF BFHOVPI) THESE ACTIONS REDUCED BEQUIRED RESERVES ABOUT $3.2 BILLION. .,„„„„ INCLUDES T M A L RESERVES (MEMBEB BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EIBLIEB," C0RBENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; B A L%RVE I LGR S EGA?ES N SEBlSs E HAvfBlEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED KITH MARGINAL EESERVE REQUIREMENTS THE INCLUSIONS OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K, AND M. "sTOHTCtt M T » H D 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.