[Economic Indicators July, 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 ..............................................      41,748       41,422       41,445      40,083       293,249        326         76         23
1991:Dec ..............................................      45,495       45,303       45,303      44,506       317,550        192         38          1
1992:Dec ..............................................      54,395       54,272       54,272      53,242       350,935        124         18          1
1993:Dec ..............................................      60,541       60,459       60,459      59,471       386,561         82         31          0
1994:Dec ..............................................      59,433       59,224       59,224      58,274       418,218        209        100          0
1995:Dec ..............................................      56,470       56,212       56,212      55,180       434,327        257         40          0
1996:Dec ..............................................      50,173       50,018       50,018      48,757       451,617        155         68          0
1997:Dec ..............................................      46,868       46,543       46,543      45,183       479,171        324         79          0
1998:Dec ..............................................      45,189       45,073       45,073      43,676       512,749        117         15          0
1999:Dec ..............................................      41,742       41,422       41,422      40,434       591,188        320         67          0
 
1999:June .............................................      42,758       42,613       42,613      41,463       536,549        145        127          0
      July ............................................      42,035       41,726       41,726      40,911       540,488        309        226          0
      Aug .............................................      41,910       41,566       41,566      40,750       544,354        344        271          0
      Sept ............................................      41,772       41,434       41,434      40,563       550,333        338        282          0
      Oct .............................................      41,339       41,058       41,058      40,189       557,847        281        221          0
      Nov .............................................      41,560       41,325       41,325      40,231       569,432        236         71          0
      Dec .............................................      41,742       41,422       41,422      40,434       591,188        320         67          0
 
2000:Jan ..............................................      43,113       42,739       42,739      41,088       591,970        374         31          0
      Feb .............................................      41,635       41,527       41,527      40,521       573,501        108         44          0
      Mar .............................................      40,453       40,274       40,274      39,244       571,368        179         71          0
      Apr .............................................      40,919       40,615       40,615      39,768     r 572,866        304        120          0
      May .............................................      41,354       40,992       40,992      40,388     r 574,142        362        276          0
      June ............................................      39,962       39,482       39,482      38,826       575,465        479        389          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

    Source: Board of Governors of 
    the Federal Reserve System.