The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
«Q££^&-. FEDERAL RESERVE statistical release H.3 (502) For Immediate Release Table 1 AGGREGATE RESERVES AND MEMBER BANK DEPOSITS Average of daily figures /SEPTEMBER 8 , - Member bank reserves^ total Period nonborrowed required Monetary base2 Deposits subject to reserve requirements time and private demand deposits savings net total other interbank billions of dollars total millions of dollars 1980 U.S. government demand seasonal l\f adjusted 1979—JULY AUG. SEPT. OCT. NOV. DEC. 40,782 41,110 41,429 42,199 43,057 43,567 39,612 40,025 40,089 40,177 41,151 42,095 40,572 40,888 41,238 41,927 42,812 43,126 147.1 148.6 150.0 151.5 152.8 153.8 619.3 625.4 631.5 638.2 641.9 644.4 430.6 436.3 441.7 446.6 450.1 451.1 186.9 187.0 188.1 189.8 190.0 191.5 12.4 12.2 13.3 15.1 14.7 15.4 174.5 174.8 174.7 174.7 175.3 176.1 1.8 2. 1 1.7 1.7 1.9 1.8 1 9 8 0 — JAN. FEB. MAE* APE. MAY JUNE P JULY P 43,441 43,350 43,687 44,854 44,458 43,982 42,795 42,200 41,695 40,864 42,398 43,439 43,603 42,400 43,191 43,139 43,483 44,649 44,268 43,759 42,514 154.7 155.6 156,7 157.9 158.5 159.0 158.8 643.7 647.2 649.1 655.4 656.8 658.0 658.5 451.9 454.4 457.9 464.2 467.7 46 7 . 9 467.0 189.5 190.9 189.4 188.7 187.3 188.4 189.1 13.6 14.5 15.6 17.2 17.1 16.9 16.6 176.0 176.4 173.9 171.5 170.2 171.5 172.5 2.3 1.9 1.8 2.4 1.8 1.7 2.5 159.4 159.1 159.6 159.4 157.2 657.5 656.5 658.9 658.4 656.5 466.8 466.6 466.6 46 7 . 8 467.1 189.3 186.8 190.5 187.9 186.9 17*5 16.7 17.0 15.4 14.7 171.9 170.1 173.5 172.5 172.2 1.4 3.2 1.9 2.7 2.5 662.7666.0 672.0 671.7 adjusted 467.5 471.2 476.7 477.6 193.0 192.9 192.8 192.3 15.9 15.2 14.2 14.8 177.1 177.7 178.6 177.5 2.2 2.0 2.5 1.8 WEEK ENDING: 1980—JULY 2 9 16 23 30 P P P P P 43,873 43,696 43,760 43,168 40,544 43,525 43,481 43,428 42,814 39,915 43,602 43,190 43,420 43,184 40,305 AUG. 6 13 20 27 P P P P 40,728 39,905 41,103 40,880 39,900 39,515 40,759 40,180 40,040 39,816 40,768 40,791 1979—JULY AUG. SEPT. OCT. NOV. DEC. 40,916 40,715 41,054 42,280 42,997 44,020 39,746 39,630 39,713 40,258 41,092 42,547 40,705 40,494 40,862 42,007 42,753 43,578 T47.9 148.4 149.4 151.3 153.5 156.3 619.1 620.4 629.1 637.8 642.2 652.6 42 9 . 7 434.2 439.5 445.7 449.2 452.0 187.8 184.5 187.5 190.5 191.3 198.6 12.6 12.0 13.3 15.1 15.2 16.0 175.2 172.6 174.2 175.4 176.2 182.6 1.6 1.7 2.1 1.6 1.7 2.0 1980—JAN. FEB. MAE. APE. MAY JUNE P JULY F 45,179 43,177 43,114 44,888 43,975 43,495 42,873 43,938 41,522 40,291 42,433 42,957 43,115 42,478 44,928 42,966 42,910 44,683 43,785 43,272 42,592 155.9 154.0 154.9 157.5 157.8 158.6 159.6 652.1 643.9 648.0 657.7 651.5 656.9 658.2 454.6 455.8 460.6 464.7 467.7 467.4 466.0 195.4 186.2 185.5 190.4 182.1 187.2 190.0 14.5 14.3 15.2 16.8 16.2 16.6 16.8 180.9 172.0 170.4 173.6 165.9 170.6 173.2 2.1 1.8 1.9 2.6 1.7 2.3 2.2 466.8 466.5 465.5 466.4 465.7 190.7 191.0 192.9 187.0 184.4 18.7 17.2 17.3 15.2 14.5 172.1 173.8 175.6 171.8 169.8 1.4 3.2 1.7 2.2 1.9 192.6 190.6 190.8 187.2 16.4 14.9 14.0 14.5 176.3 175.7 176.8 172.8 2.1 1.4 2.3 1.5 157.8 156.9 158.2 158.5 not seasonally WEEK ENDINC» : 1980—JULY 2 9 16 23 30 P P P P P 44,065 43,089 43,936 43,726 40,748 43,717 42,874 43,604 43,372 40,119 43,794 42,583 43,596 43,742 40,509 159.5 160.9 161.0 160.3 156.7 658.9 660.7 660.1 655.6 651.9 AUG. 6 13 20 27 P P P P 40,442 39,400 40,932 40,382 39,614 39,010 40,588 39,682 39,754 39,311 40,597 40,293 158.3 157.4 158.4 157.2 660.5 661.0 667.0 663.8 See reverse side for explanation of footnotes. . 465.8 468.9 473.9 475.0 | H.3 Table 2 AGGREGATE RESERVES AND MONETARY BASE Adjusted for changes in reserve requirements3 Averages of daily figures Member bank reserves required total I nonborrowed Period millions of dollars seasonally adjusted Monetary base total 1billions of dollars Member bank reserves I nonborrowed required millions of dollars not seasonally adjusted Monetary base billions of dollars 1979—JULY AUG. SEPT. OCT. NOV. DEC. 38,130 38,414 38,696 39,289 39,439 40,047 36,959 37,329 37,356 37,267 37,534 38,575 37,919 38,192 38,505 39,017 39,195 39,606 144.4 145.9 147.3 148.6 149.2 150.2 38,279 38,037 38,337 39,376 39,388 40,490 37,109 36,951 36,996 37,354 37,483 39,017 38,068 37,815 38,145 39,104 39,144 40,048 145.3 145.7 146.7 148.4 149.9 152.8 1980—JAN. FEB. MAR. APR. MAY JUNE P JULY P 40,015 39,956 40,084 40,132 40,128 40,101 40,191 38,774 38,301 37,260 37,676 39,110 39,721 39,797 39,764 39,745 39,880 39,927 39,938 39,878 39,910 151.3 152.2 153.1 153.2 154.2 155.1 156.2 41,715 39,761 39,500 40,155 39,667 39,618 40,281 40,474 38,106 36,677 37,700 38,649 39,239 39,886 41,464 39,550 39,296 39,951 39,478 39,395 40,000 152.5 150.5 151.3 152.8 153.5 154.7 157.0 155.8 155.6 156.1 155.9 157.2 40,552 39,624 40,442 40,241 40,722 40,204 39,409 40,110 39,887 40,093 40,281 39,118 <40,102 40,257 40,483 155.9 157.4 157.5 156.8 156.6 157.8 156.9 158.2 158.5 40,416 39,373 40,904 40,355 39,588 38,983 40,560 39,655 39,728 39,284 40,569 40,266 158.2 157.4 158.4 157.2 WEEK ENDING: 1980—JULY AUG. 2 9 16 23 30 P P P P P 40,337 40,208 40,255 39,671 40,518 39,989 39,993 39,923 39,317 39,889 40,066 39,702 39,915 39,687 40,279 6 13 20 27 P P P P 40,701 39,878 41,075 40,852 39,873 39,488 40,731 40,152 40,013 39,789 40,740 40,763 . P - PRELIMINARY 1/ MEMBER BANK RESERVES SERIES REFLECT ACTUAL RESERVE REQUIREMENT PERCENTAGES WITH NO ADJUSTMENT TO ELIMINATE THE EFFECT OF CHANGES IN REGULATIONS D AND M. EFFECTIVE OCTOBER 11, 1979, AN 8 PERCENTAGE POINT MARGINAL RESERVE REQUIRMENT WAS IMPOSED ON "MANAGED LIABILITIES". ON OCTOBER 25, 1979, RESERVES OF EDGE ACT CORPORATIONS WERE INCLUDED IN MEMBER BANK RESERVES. THIS ACTION RAISED REQUIRED RESERVES $318 MILLION. EFFECTIVE MARCH 12, 1980, THE 8 PERCENTAGE POINT MARGINAL RESERVE REQUIREMENT WAS RAISED TO 10 PERCENTAGE POINTS. IN ADDITION THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS REDUCED. THIS ACTION INCREASED REQUIRED RESERVES ABOUT $1,693 MILLION IN THE WEEK ENDING APRIL 2, 1980. EFFECTIVE MAY 29, 1980, THE MARGINAL RESERVE REQUIREMENT WAS REDUCED FROM 10 TO 5 PERCENTAGE POINTS AND THE BASE UPON WHICH THE MARGINAL RESERVE REQUIREMENT IS CALCULATED WAS RAISED. THIS ACTION REDUCED REQUIRED RESERVES ABOUT $980 MILLION IN THE WEEK ENDING JUNE 18, 1980. EFFECTIVE JULY 24, 1980 THE 5 PERCENT MARGINAL RESERVE REQUIREMENT ON MANAGED LIABILITIES AND THE 2 PERCENT SUPPLEMENTARY RESERVE REQUIREMENT AGAINST LARGE TIME DEPOSITS WERE REMOVED. THESE ACTIONS REDUCED REQUIRED RESERVES ABOUT $3.2 BILLION. 2/ INCLUDES TOTAL RESERVES (MEMBER BANK RESERVE BALANCES IN THE CURRENT WEEK PLUS VAULT CASH HELD TWO WEEKS EARLIER); CURRENCY OUTSIDE THE U.S. TREASURY, FEDERAL RESERVE BANKS AND THE VAULTS OF COMMERCIAL BANKS; AND VAULT CASH OF NONMEMBER BANKS. 3/ RESERVE AGGREGATES SERIES HAVE BEEN ADJUSTED TO REMOVE DISCONTINUITIES ASSOCIATED WITH MARGINAL RESERVE REQUIREMENTS, THE INCLUSIONS OF EDGE ACT CORPORATION RESERVES, AND OTHER CHANGES IN REGULATIONS D, K, 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.
@FedFRASER