[Economic Indicators September, 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...............................................      45,493       45,301       45,302      44,504       317,549        192         38          1
1992:Dec...............................................      54,391       54,267       54,268      53,237       350,840        124         18          1
1993:Dec...............................................      60,532       60,450       60,450      59,463       386,510         82         31          0
1994:Dec...............................................      59,420       59,211       59,211      58,261       418,166        209        100          0
1995:Dec...............................................      56,452       56,195       56,195      55,162       434,307        257         40          0
1996:Dec...............................................      50,154       49,999       49,999      48,738       451,712        155         68          0
1997:Dec...............................................      46,848       46,524       46,524      45,164       479,466        324         79          0
1998:Dec...............................................      45,183       45,066       45,066      43,669       513,489        117         15          0
1999:Dec...............................................      41,778       41,457       41,457      40,480       593,094        320         67          0
2000:Dec...............................................      38,507       38,297       38,297      37,182       583,958        210        111          0
 
2000:Sept..............................................      39,386       38,908       38,908      38,267       578,335        477        427          0
      Oct..............................................      39,021       38,602       38,602      37,874       579,696        418        299          0
      Nov..............................................      39,023       38,739       38,739      37,821       581,395        283        159          0
      Dec..............................................      38,507       38,297       38,297      37,182       583,958        210        111          0
 
2001:Jan...............................................      38,827       38,754       38,754      37,574       589,387         73         34          0
      Feb .............................................      38,867       38,815       38,815      37,434       591,117         51         21          0
      Mar .............................................      38,258       38,200       38,200      36,873       592,420         58         20          0
      Apr..............................................      38,788       38,737       38,737      37,511       595,925         51         35          0
      May .............................................      38,888       38,675       38,675      37,869       599,089        213         79          0
      June.............................................      38,774       38,545       38,545      37,414       601,882        229        120          0
      July r...........................................      39,600       39,317       39,317      38,194       607,683        283        174          0
      Aug r............................................      39,895       39,712       39,712      38,660       615,392        183        164          0
      Sept p...........................................      57,952       54,567       54,567      38,803       640,228      3,385         93          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.