[Economic Indicators March, 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 r.............................................      54,332       54,208       54,209      53,178       350,751        124         18          1
1993:Dec r.............................................      60,460       60,378       60,378      59,390       386,477         82         31          0
1994:Dec r.............................................      59,369       59,160       59,160      58,209       418,205        209        100          0
1995:Dec r.............................................      56,430       56,173       56,173      55,140       434,396        257         40          0
1996:Dec r.............................................      50,149       49,994       49,994      48,733       451,839        155         68          0
1997:Dec r.............................................      46,848       46,523       46,523      45,163       479,703        324         79          0
1998:Dec r.............................................      45,136       45,019       45,019      43,622       513,550        117         15          0
1999:Dec r.............................................      41,824       41,504       41,504      40,527       593,121        320         67          0
2000:Dec r.............................................      38,535       38,326       38,326      37,108       584,042        210        111          0
2001:Dec r.............................................      41,099       41,032       41,032      39,459       634,382         67         33          0
 
2001:Mar r.............................................      38,460       38,402       38,402      37,061       592,272         58         20          0
      Apr r............................................      38,568       38,517       38,517      37,291       595,638         51         35          0
      May r............................................      38,316       38,103       38,103      37,297       598,894        213         79          0
      June r...........................................      39,066       38,836       38,836      37,704       602,835        229        120          0
      July r...........................................      39,785       39,502       39,502      38,377       608,105        283        174          0
      Aug r............................................      40,079       39,895       39,895      38,870       616,025        183        164          0
      Sept r...........................................      58,214       54,829       54,829      39,195       639,692      3,385         93          0
      Oct r............................................      45,655       45,528       45,528      44,334       630,435        127         67          0
      Nov r............................................      40,904       40,820       40,820      39,417       629,468         84         33          0
      Dec r............................................      41,099       41,032       41,032      39,459       634,382         67         33          0
 
2002:Jan r.............................................      41,510       41,460       41,460      40,105       640,703         50         17          0
      Feb r............................................      41,357       41,327       41,327      39,984       645,836         30         17          0
      Mar p............................................      40,962       40,883       40,883      39,563       649,208         79         20          0
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    \1\ Data are prorated averages 
of biweekly (maintenance period) 
averages of daily figures.

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