[Economic Indicators September, 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      40,435     r 591,184        320         67          0
 
1999: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      40,435     r 591,184        320         67          0
 
2000:Jan ..............................................      43,116       42,742       42,742      41,095     r 591,999        374         31          0
      Feb .............................................      41,636       41,529       41,529      40,525     r 573,593        108         44          0
      Mar .............................................      40,463       40,284       40,284      39,258     r 571,441        179         71          0
      Apr .............................................      40,929       40,625       40,625      39,784     r 573,083        304        120          0
      May .............................................      41,357       40,995       40,995      40,414     r 574,288        362        276          0
      June.............................................      39,958       39,478       39,478      38,894     r 575,630        479        389          0
      July r...........................................      40,258       39,688       39,688      39,190       577,406        570        510          0
      Aug .............................................      39,944       39,365       39,365      38,930       577,583        579        554          0
      Sept p...........................................      39,866       39,388       39,388      38,747       579,508        477        427          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.