[Economic Indicators February, 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]
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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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991:Dec r.............................................      45,493       45,301       45,302      44,504       317,549        192         38          1
1992:Dec r.............................................      54,391       54,267       54,268      53,237       350,840        124         18          1
1993:Dec r.............................................      60,532       60,450       60,450      59,463       386,510         82         31          0
1994:Dec r.............................................      59,420       59,211       59,211      58,261       418,166        209        100          0
1995:Dec r.............................................      56,452       56,195       56,195      55,162       434,307        257         40          0
1996:Dec r.............................................      50,154       49,999       49,999      48,738       451,712        155         68          0
1997:Dec r.............................................      46,848       46,524       46,524      45,164       479,466        324         79          0
1998:Dec r.............................................      45,183       45,066       45,066      43,669       513,489        117         15          0
1999:Dec r.............................................      41,778       41,457       41,457      40,480       593,094        320         67          0
2000:Dec r.............................................      38,507       38,297       38,297      37,182       583,963        210        111          0
 
2000:Jan r.............................................      43,203       42,829       42,829      41,182       591,863        374         31          0
      Feb r............................................      41,573       41,465       41,465      40,461       574,297        108         44          0
      Mar r............................................      40,306       40,127       40,127      39,097       571,470        179         71          0
      Apr r............................................      40,783       40,479       40,479      39,626       572,495        304        120          0
      May r............................................      41,003       40,641       40,641      40,031       574,144        362        276          0
      June r...........................................      39,882       39,403       39,403      38,766       575,307        479        389          0
      July r...........................................      40,124       39,555       39,555      38,981       576,957        570        510          0
      Aug r............................................      39,643       39,064       39,064      38,639       577,531        579        554          0
      Sept r...........................................      39,386       38,908       38,908      38,267       578,336        477        427          0
      Oct r............................................      39,021       38,602       38,602      37,874       579,698        418        299          0
      Nov r............................................      39,023       38,739       38,739      37,821       581,398        283        159          0
      Dec r............................................      38,507       38,297       38,297      37,182       583,963        210        111          0
 
2001:Jan...............................................      38,827       38,754       38,754      37,574       589,286         73         34          0
      Feb p............................................      38,834       38,783       38,783      37,468       592,395         51         21          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

    Note.--Data revised to reflect 
annual benchmark, seasonal factor, 
and break factor reviews. See 
Federal Reserve release H.3 (502) 
Special Notice, Aggregate Reserves 
of Depository Institutions and the 
Monetary Base, dated March 8, 2001.
    Source: Board of Governors of 
the Federal Reserve System.