[Economic Indicators April, 2008]
[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 Other borrowings from the Federal Reserve (NSA)
--------------------------------------------------------------- Term ------------------------------------------------------------
Reserves of depository institutions auction Primary
Period --------------------------------------------------- Monetary credit dealer Adjust-
Excess base (NSA) Total Primary Secondary Seasonal credit ment \4\
Total \2\ Nonborrowed \3\ Required (NSA) facility
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1998:Dec ................................................ 45,168 45,052 43,656 1,512 513,920 ......... 117 ........ ......... 15 ........ 101
1999:Dec ................................................ 42,115 41,795 40,821 1,294 593,826 ......... 320 ........ ......... 67 ........ 179
2000:Dec ................................................ 38,680 38,471 37,356 1,325 584,944 ......... 210 ........ ......... 111 ........ 99
2001:Dec ................................................ 41,420 41,354 39,777 1,643 635,610 ......... 67 ........ ......... 33 ........ 34
2002:Dec ................................................ 40,357 40,278 38,349 2,008 681,623 ......... 80 ........ ......... 45 ........ 35
2003:Dec ................................................ 42,672 42,626 41,625 1,047 720,362 ......... 46 17 0 29 ........ ........
2004:Dec ................................................ 46,600 46,538 44,692 1,909 759,258 ......... 63 11 0 52 ........ ........
2005:Dec ................................................ 45,144 44,976 43,244 1,900 787,313 ......... 169 97 0 72 ........ ........
2006:Dec r............................................... 43,317 43,126 41,455 1,862 811,824 ......... 191 111 0 80 ........ ........
2007:Dec r............................................... 42,599 27,169 40,848 1,752 823,387 11,613 3,818 3,787 1 30 ........ ........
2007:Mar r............................................... 42,235 42,181 40,618 1,618 814,905 ......... 54 21 5 28 ........ ........
Apr r.............................................. 42,659 42,580 41,072 1,587 817,149 ......... 79 32 0 48 ........ ........
May r.............................................. 43,114 43,010 41,661 1,453 818,712 ......... 103 14 0 90 ........ ........
June r............................................. 43,607 43,420 41,856 1,751 820,080 ......... 187 43 0 145 ........ ........
July r............................................. 41,783 41,521 40,145 1,637 821,336 ......... 262 45 0 217 ........ ........
Aug r.............................................. 44,870 43,895 40,042 4,828 824,451 ......... 975 701 19 255 ........ ........
Sept r............................................. 42,698 41,132 40,972 1,726 821,885 ......... 1,567 1,345 0 221 ........ ........
Oct r.............................................. 42,537 42,283 41,102 1,435 824,742 ......... 254 126 13 115 ........ ........
Nov r.............................................. 42,679 42,313 40,982 1,696 825,673 ......... 366 315 0 50 ........ ........
Dec r.............................................. 42,599 27,169 40,848 1,752 823,387 11,613 3,818 3,787 1 30 ........ ........
2008:Jan r............................................... 41,786 -3,874 40,153 1,633 821,160 44,516 1,143 1,137 0 6 ........ ........
Feb r.............................................. 42,579 -17,578 40,869 1,709 822,450 60,000 157 155 0 3 ........ ........
Mar ............................................... 44,035 -50,489 41,044 2,991 827,208 75,484 \5\ 19,0 1,617 0 6 16,168 ........
40
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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.
\5\ Total for March 2008
includes other credit extensions not
shown separately. For details see
H.3 release of March 27, 2008.
Source: Board of Governors of
the Federal Reserve System.