[Economic Indicators January, 2007]
[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 Reserve (NSA)
Reserves of depository institutions ------------------------------------------------------
Period ------------------------------------------------------ Monetary
Excess base Total Primary Secondary Seasonal Adjust-
Total \2\ Nonborrowed \3\ Required (NSA) ment \4\
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1997:Dec...................... 46,873 46,549 45,189 1,685 r479,914 324 ......... ......... 79 245
1998:Dec...................... 45,129 45,012 43,615 1,514 r513,861 117 ......... ......... 15 101
1999:Dec...................... 41,958 41,638 40,661 1,297 r 593,911 320 ......... ......... 67 179
2000:Dec...................... 38,674 38,464 37,246 1,428 r 584,975 210 ......... ......... 111 99
2001:Dec...................... 41,390 41,323 39,739 1,650 r 635,545 67 ......... ......... 33 34
2002:Dec...................... 40,359 40,279 38,350 2,009 r 681,652 80 ......... ......... 45 35
2003:Dec...................... 42,699 42,654 41,657 1,043 r720,522 46 17 0 29 .........
2004:Dec ..................... 46,625 46,562 44,716 1,909 r759,672 63 11 0 52 .........
2005:Dec r.................... 45,299 45,130 43,396 1,903 788,135 169 97 0 72 .........
2006:Dec ..................... 43,290 43,099 41,476 1,814 812,379 191 111 0 80 .........
2006:Jan r.................... 44,016 43,906 42,432 1,584 791,816 110 78 0 32 .........
Feb r................... 44,127 44,074 42,576 1,551 795,673 53 21 2 30 .........
Mar r................... 43,678 43,509 42,166 1,512 797,953 169 119 0 50 .........
Apr r................... 44,594 44,347 42,766 1,828 800,572 248 164 0 84 .........
May r................... 45,023 44,848 43,220 1,803 804,737 175 24 0 151 .........
June r.................. 45,381 45,129 43,591 1,790 804,580 253 16 0 237 .........
July r.................. 44,180 43,830 42,633 1,547 804,071 350 39 0 312 .........
Aug r................... 42,876 42,507 41,343 1,533 804,687 369 26 0 343 .........
Sept r.................. 42,880 42,477 41,118 1,762 805,199 403 66 0 338 .........
Oct r................... 42,782 42,553 41,102 1,680 806,636 229 24 0 205 .........
Nov r................... 43,198 43,038 41,495 1,703 809,747 160 48 0 112 .........
Dec .................... 43,290 43,099 41,476 1,814 812,379 191 111 0 80 .........
2007:Jan p.................... 41,497 41,329 39,981 1,516 812,878 168 187 0 24 .........
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\1\ Data are prorated averages
of biweekly (maintenance period)
averages of daily figures.
Reserves and monetary base
incorporate adjustments for
discontinuities, or ``breaks,''
associated with changes in reserve
requirements.
\2\ Seasonally adjusted break-
adjusted required reserves plus
unadjusted excess reserves.
\3\ Seasonally adjusted break-
adjusted total reserves less
unadjusted total borrowings of
depository institutions from the
Federal Reserve.
\4\ Discontinued after January
8, 2003.
Source: Board of Governors of
the Federal Reserve System.