The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
;c££ow)
FEDERAL RESERVE statistical release
H.3 (502)
For Immediate Release
Table 1
SEPT,
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND MONETARY BASE
Adjusted for changes in reserve requirements 1
Averages of daily figures
Reserves of depository institutions
tota|2
1 non borrowed
~
Period
required
millions of dollars
seasonally adjusted
Monetary base3
|billions of dollars
Reserves of depository institutions
required
total2 ~~| non borrowed
millions of dollars
not seasonally adjusted
6,
1983
Monetary base3
billions of dollars
1982—AUG.
SEPT,
OCT,
NOV,
DEC,
39,205
39,656
39,932
40,408
40,783
38,690
38,723
39,454
39,787
40,149
38,893
39,273
39,528
40,006
40,283
170.9
172,1
173.2
174.3
175.6
38,609
39,356
39,997
40,679
41,560
38,093
38,423
39,519
40,058
40,926
38,296
38,973
39,592
40,277
41,059
170.7
171.7
173.2
175,4
178.9
1983—JAN,
FEB.
BAR.
APEMAY
JUNE
JULY
AUG, P
40,119
40,341
41,003
4 1,302
41,238
41,719
41,926
4 1,802
39,589
39,758
40,210
40,293
40,286
40,083
40,473
40,255
39,571
39,905
40,570
40,826
40,789
41,239
41,419
41,335
176.3
178-0
180.2
181.3
182.8
184.3
185.1
186.0
42,216
40,227
40,230
41,048
40,706
40,840
41,417
41,133
41,686
39,644
39,438
40,039
39,754
39,204
39,964
39,585
41,668
39,791
39,797
40,572
40,257
40,360
40,909
40,666
177.7
175.9
177.7
180.3
181.7
183,5
185,7
185.7
6
13
20
21
4 2 , 187
41,075
42,497
41,926
39,953
39,928
41,261
40,539
41,333
40,579
42,171
41,554
185.1
183.9
185.6
185.3
41,398
40,166
42,333
41,739
39,164
39,019
41,097
40,352
40,544
39,670
42,007
41,367
186.7
185.0
186.4
184.8
3
10
17 P
24 P
31 P
42,026
41,581
41,831
41,705
41,995
40,715
40,061
40,353
40,125
40,281
41,464
41,187
41,355
41,287
41,454
185.9
185,7
185.9
185.9
186.7
41,467
40,526
41,284
41,231
41,348
40,156
39,006
39,806
39,651
39,634
40,905
40,132
40,808
40,813
40,807
185.6
186.5
186.5
185.3
184.7
WEEK
ENDING:
1983—JUL*
AUG.
RESERVE AGGREGATES INCLUDE REQUIRED RESERVES OF MBH BER BANKS AND EDGE ACT CORPORATIONS AND OTHER DEPOSITORY
INSTITUTIONS. DISCONTINUITIES ASSOC IATED WITH THE I BPLEBEMTATION OF THE MONETARY CONTROL ACT, THE INCLUSION
OF EDGE ACT CORPORATION RESERVES, A ND OTHER CHANGES IN REGULATION D HAVE BEEN REMOVED.
2/ RESERVE BALANCES WITH FEDERAL RESER VE BANKS {WHICH EXCLUDE REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VA ULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS.
3/ INCLUDES RESERVE BALANCES AND REQUI RED CLEARING BAL ANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS
VAULT CASH HELD TWO WEEKS EARLIER U SED TO SATISFY R ESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS
CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND
SURPLUS VAULT CASH AT DEPOSITORY IN STITDTIONS.
P-PRELIHINARY
NOTE: HISTORICAL DATA ARE AVAILABLE FRO M THE BANKING SECTION, DIVISION OF RESEARCH AND STATISTICS,
BOARD OF GOVERNORS OF THE FEDERAL RESER VE SYSTEM, WASHINGTON, D.C 20551.
1/
H.3
Table 2
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS
Not adjusted for changes in reserve requirements
Average of daily figures, not seasonally adjusted
Reserves of depository institutions1
Period
total2
nonborrowed
required
Monetary
base3
millions of dollars
1982—AUG.
SEPT.
OCT.
NOV.
DEC.
40,178
39,962
40,587
41,199
41,853
39,662
39,028
40,109
40,578
41,219
39,866
39,578
40,182
40,797
41,353
172.8
172.4
173.8
176.0
179.3
1983—JAN.
FEB.
MAR.
APR.
MAY
JUNE
JULY
AUG. P
41,864
39,798
38,035
38,650
38,282
38,415
38,948
38,679
41,334
39,215
37,243
37,640
37,330
36,779
37,495
37,131
41,316
39,362
37,602
38,174
37,833
37,934
38,440
38,211
177.9
176.0
175.9
178.4
179.8
181.6
183.7
183.8
6
13
20
21
38,923
37,742
39,829
39,254
36,689
36,595
38,593
37,867
38,069
37,246
39,503
38,882
184.7
183.1
184.4
182.9
3
10
17 P
24 P
31 P
39,016
38,087
38,834
38,759
38,890
37,705
36,567
37,356
37,179
37,176
38,454
37,693
38,358
38,341
38,349
183.7
184.6
184.6
183.4
182.7
WEEK
ENDING:
1983—JULY
AUG.
1/
RESERVES OF DEPOSITORY INSTITUTIONS SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENTS TO ELIMINATE THE EFFECT OF CHANGES IN REGULATION D, INCLUDING CHANGES ASSOCIATED WITH THE IMPLEMENTATION OF THE MONETARY CONTROL ACT. INCLUDES REQUIRED RESERVES OF MEMBER BANKS AND EDGE ACT CORPORATIONS
AND, BEGINNING NOVEMBER 13, 1980, OTHER DEPOSITORY INSTITUTIONS. UNDER THE TRANSITIONAL PHASfi-IN PROGRAM
OF THE MONETARY CONTROL ACT OF 1980 AND PROVISIONS OF THE DEPOSITORY INSTITUTIONS ACT OF 1982, THE NET
CHANGES IN REQUIRED RESERVES OF DEPOSITORY INSTITUTIONS HAVE BEEN AS FOLLOWS: EFFECTIVE NOVEMBER 13, 1980,
A REDUCTION OF $2.9 BILLION; FEBRUARY 12, 1981, AN INCREASE OF $245 MILLION; MARCH 12, 1981, AN INCREASE
OF $75 MILLION; MAY 14, 1981, AN INCREASE OF $245 MILLION; SEPTEMBER 3, 1981, A REDUCTION OF $1.1 BILLION;
NOVEMBER 12, 1981, AN INCREASE OF $210 MILLION; JANUARY 14, 1982, A REDUCTION OF $60 MILLIOK; FEBRUARY 11, 1982
AN INCREASE OF $170 MIILION; MARCH 4, 1982, AN ESTIMATED REDUCTION OF $2.0 BILLION; MAY 13, 1982, AN ESTIMATED
INCREASE OF $150 MILLION; AUGUST 12, 1982, AN ESTIMATED INCREASE OF $140 MILLION; SEPTEMBER 2, 1982, AH ESTIMATED
REDUCTION OF $1.2 BILLION; OCTOBER 28, 1982, AN ESTIMATED REDUCTION $100 MILLION; DECEMBER 23, 1982, AN ESTIMATED
REDUCTION OF $800 MILLION; AND MARCH 3, 1983, AN ESTIMATED REDUCTION OF $1.9 BILLION. BEGINNING WITH THE WEEK
ENDED DECEMBER 23, 1981, RESERVE AGGREGATES HAVE BEEN REDUCED BY SHIFTS OF RESERVABLE LIABILITIES TO INTERNATIONAL
BANKING FACILITIES (IBFS). ON THE BASIS OF REPORTS OF LIABILITIES TRANSFERRED TO IBFS BY U.S. COMMERCIAL BANKS AND
AND AGENCIES AND BRANCHES OF FOREIGN BANKS, IT IS ESTIMATED THAT REQUIRED RESERVES WERE LOWERED ON AVERAGE BY $60
TO $90 MILLION IN DECEMBER 1981 AND $180 TO $230 MILLION IN JANUARY 1982, MOSTLY REFLECTING A REDUCTION IN RESERVABLE
EUROCURRENCY TRANSACTIONS. ALSO, BEGINNING WITH THE WEEK ENDING APRIL 20, 1983, REQUIRED RESBRVES WERE REDUCED AN
ESTIMATED $80 MILLION AS A RESULT OF THE ELIMINATION OF RESERVE REQUIREMENTS ON NONPERSONAL TIME DEPOSITS WITH
MATURITIES OF 2-1/2 YEARS OR MORE TO LESS THAN 3-1/2 YEARS.
2/
RESERVE BALANCES WITH FEDERAL RESERVE BANKS (WHICH EXCLUDED REQUIRED CLEARING BALANCES) PLUS VAULT CASH AT
INSTITUTIONS WITH REQUIRED RESERVE BALANCES PLUS VAULT CASH EQUAL TO REQUIRED RESERVES AT OTHER INSTITUTIONS.
3/ INCLUDES RESERVE BALANCES AND REQUIRED CLEARING BALANCES AT FEDERAL RESERVE BANKS IN THE CURRENT WEEK PLUS
VAULT CASH HELD T*0 WEEKS EARLIER USED TO SATISFY RESERVE REQUIREMENTS AT ALL DEPOSITORY INSTITUTIONS PLUS
CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS, THE VAULTS OF DEPOSITORY INSTITUTIONS, AND
SURPLUS VAULT CASH AT DEPOSITORY INSTITUTIONS.
P-PRELiaiNASY
@FedFRASER