[Economic Indicators January, 2001]
[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]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                  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       591,184        320         67          0
2000:Dec...............................................      38,688       38,479       38.479      37,363       582,918        210        111          0
 
2000:Jan ..............................................      43,116       42,742       42,742      41,095       591,998        374         31          0
      Feb .............................................      41,636       41,529       41,529      40,525       573,593        108         44          0
      Mar .............................................      40,463       40,284       40,284      39,258       571,441        179         71          0
      Apr .............................................      40,929       40,625       40,625      39,784       573,083        304        120          0
      May .............................................      41,357       40,995       40,995      40,414       574,288        362        276          0
      June.............................................      39,958       39,478       39,478      38,894       575,630        479        389          0
      July ............................................      40,258       39,688       39,688      39,190       577,412        570        510          0
      Aug..............................................      39,944       39,365       39,365      38,930       577,693        579        554          0
      Sept.............................................      39,861       39,384       39,384      38,759     r 579,258        477        427          0
      Oct .............................................      39,540       39,122       39,122      38,411     r 580,933        418        299          0
      Nov .............................................      39,442       39,159       39,159      38,240     r 580,281        283        159          0
      Dec..............................................      38,688       38,479       38,479      37,363       582,918        210        111          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

    *ERR20*Source: Board of 
Governors of the Federal Reserve 
System.