[Economic Indicators June, 2000]
[Page Number 27]
[From the U.S. Government Publishing Office, www.gpo.gov]


AGGREGATE RESERVES AND MONETARY BASE

                            [Averages of daily figures \1\; millions of dollars; seasonally adjusted, except as noted by NSA]
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                                                                  Adjusted for changes in reserve requirements               Borrowings of depository
                                                        ----------------------------------------------------------------  institutions from the Federal
                                                                Reserves of depository institutions                               Reserve (NSA)
                                                        ---------------------------------------------------             --------------------------------
                         Period                                                   Nonborrowed                 Monetary
                                                                                      plus                      base                            Extended
                                                            Total    Nonborrowed    extended     Required                  Total     Seasonal    credit
                                                                                     credit
--------------------------------------------------------------------------------------------------------------------------------------------------------
1990:Dec r.............................................      41,748       41,422       41,445      40,083       293,249        326         76         23
1991:Dec r.............................................      45,495       45,303       45,303      44,506       317,550        192         38          1
1992:Dec r.............................................      54,395       54,272       54,272      53,242       350,935        124         18          1
1993:Dec r.............................................      60,541       60,459       60,459      59,471       386,561         82         31          0
1994:Dec r.............................................      59,433       59,224       59,224      58,274       418,218        209        100          0
1995:Dec r.............................................      56,470       56,212       56,212      55,180       434,327        257         40          0
1996:Dec r.............................................      50,173       50,018       50,018      48,757       451,617        155         68          0
1997:Dec r.............................................      46,868       46,543       46,543      45,183       479,171        324         79          0
1998:Dec r.............................................      45,189       45,073       45,073      43,676       512,749        117         15          0
1999:Dec r.............................................      41,742       41,422       41,422      40,434       591,188        320         67          0
 
1999:May r.............................................      44,381       44,254       44,254      43,159       533,813        127         89          0
      June r...........................................      42,758       42,613       42,613      41,463       536,549        145        127          0
      July r...........................................      42,035       41,726       41,726      40,911       540,488        309        226          0
      Aug r............................................      41,910       41,566       41,566      40,750       544,354        344        271          0
      Sept r...........................................      41,772       41,434       41,434      40,563       550,333        338        282          0
      Oct r............................................      41,339       41,058       41,058      40,189       557,847        281        221          0
      Nov r............................................      41,560       41,325       41,325      40,231       569,432        236         71          0
      Dec r............................................      41,742       41,422       41,422      40,434       591,188        320         67          0
 
2000:Jan r.............................................      43,113       42,739       42,739      41,088       591,970        374         31          0
      Feb r............................................      41,635       41,527       41,527      40,521       573,501        108         44          0
      Mar r............................................      40,453       40,274       40,274      39,244       571,368        179         71          0
      Apr r............................................      40,919       40,615       40,615      39,768       572,724        304        120          0
      May r............................................      41,354       40,992       40,992      40,388       573,764        362        276          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

    Note.--Data for reserves and the 
monetary base reflect annual 
revisions. See Federal Reserve 
release H.3 (502) Aggregate Reserves 
of Depository Institutions and the 
Monetary Base dated June 8, 2000 for 
details.
    Source: Board of Governors of 
    the Federal Reserve System.