[Economic Indicators February, 2002]
[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
--------------------------------------------------------------------------------------------------------------------------------------------------------
1992:Dec...............................................      54,391       54,267       54,268      53,237     r 350,825        124         18          1
1993:Dec...............................................      60,532       60,450       60,450      59,463     r 386,531         82         31          0
1994:Dec...............................................      59,420       59,211       59,211      58,261     r 418,237        209        100          0
1995:Dec...............................................      56,452       56,195       56,195      55,162     r 434,400        257         40          0
1996:Dec...............................................      50,154       49,999       49,999      48,738     r 451,820        155         68          0
1997:Dec...............................................      46,848       46,524       46,524      45,164     r 479,611        324         79          0
1998:Dec...............................................      45,183       45,066       45,066      43,669     r 513,621        117         15          0
1999:Dec...............................................      41,778       41,457       41,457      40,481     r 593,250        320         67          0
2000:Dec ..............................................      38,440       38,230       38,230      37,012     r 584,008        210        111          0
2001:Dec r.............................................      41,029       40,962       40,962      39,388       634,490         67         33          0
 
2001:Feb ..............................................      38,827       38,775       38,775      37,319     r 590,049         51         21          0
      Mar .............................................      38,267       38,209       38,209      36,867     r 592,032         58         20          0
      Apr .............................................      38,786       38,735       38,735      37,509     r 595,998         51         35          0
      May .............................................      38,881       38,667       38,667      37,861     r 599,622        213         79          0
      June ............................................      38,758       38,528       38,528      37,396     r 602,736        229        120          0
      July ............................................      39,642       39,359       39,359      38,234     r 608,186        283        174          0
      Aug .............................................      39,940       39,757       39,757      38,731     r 615,585        183        164          0
      Sept ............................................      57,887       54,502       54,502      38,868     r 639,530      3,385         93          0
      Oct .............................................      45,463       45,336       45,336      44,142     r 630,063        127         67          0
      Nov .............................................      40,534       40,450       40,450      39,048     r 629,333         84         33          0
      Dec r............................................      41,029       40,962       40,962      39,388       634,490         67         33          0
 
2002:Jan...............................................      42,414       42,365       42,365      41,010       641,806         50         17          0
      Feb p............................................      41,588       41,558       41,558      40,214       646,485         30         17          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

    Note.--Data for monetary base 
reflect annual revisions.
    Source: Board of Governors of 
the Federal Reserve System.