[Economic Indicators March, 2009]
[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 from the Federal Reserve (NSA)
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Reserves of depository institutions Other borrowings from the Federal Reserve
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Asset-
backed Credit
Primary commerical extended
Period Monetary Term dealer paper to
Excess base Total \4\ auction and other money American Adjust-
Total \2\ Nonborrowed \3\ Required (NSA) credit Primary broker- market Inter- ment \6\
dealer mutual national
credit \5\ fund Group,
liquidity Inc.
facility
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1999:Dec ............................................. 42,183 41,862 40,889 1,294 593,842 320 ........ ........ .......... .......... ........ 179
2000:Dec ............................................. 38,717 38,507 37,391 1,325 584,929 210 ........ ........ .......... .......... ........ 99
2001:Dec ............................................. 41,442 41,376 39,799 1,643 635,559 67 ........ ........ .......... .......... ........ 34
2002:Dec ............................................. 40,400 40,320 38,392 2,008 681,631 80 ........ ........ .......... .......... ........ 35
2003:Dec ............................................. 42,757 42,711 41,710 1,047 720,402 46 ........ 17 .......... .......... ........ ........
2004:Dec ............................................. 46,552 46,489 44,643 1,909 759,072 63 ........ 11 .......... .......... ........ ........
2005:Dec ............................................. 45,139 44,970 43,238 1,901 786,976 169 ........ 97 .......... .......... ........ ........
2006:Dec ............................................. 43,338 43,147 41,475 1,863 811,126 191 ........ 111 .......... .......... ........ ........
2007:Dec ............................................. 42,674 27,244 40,905 1,769 822,357 15,430 11,613 3,787 .......... .......... ........ ........
2008:Dec ............................................. 820,942 167,376 53,530 767,412 1,651,175 653,565 438,327 88,245 47,631 32,102 47,206 ........
2008:Feb ............................................. 42,826 -17,331 41,100 1,726 821,355 60,157 60,000 155 .......... .......... ........ ........
Mar ............................................ 44,299 -50,224 41,321 2,978 825,910 94,523 75,484 1,617 16,168 .......... ........ ........
Apr ............................................ 43,561 -91,848 41,716 1,846 824,631 135,410 100,000 9,624 25,764 .......... ........ ........
May ............................................ 44,128 -111,652 42,115 2,013 827,170 155,780 127,419 14,076 14,238 .......... ........ ........
June ........................................... 43,364 -127,914 41,089 2,275 832,490 171,278 150,000 14,225 6,908 .......... ........ ........
July ........................................... 43,330 -122,334 41,353 1,977 838,062 165,664 150,000 15,204 255 .......... ........ ........
Aug ............................................ 44,559 -123,520 42,568 1,991 842,815 168,078 150,000 17,980 0 .......... ........ ........
Sept ........................................... 102,784 -187,321 42,733 60,051 905,174 290,105 149,814 32,632 53,473 31,877 22,187 ........
Oct ............................................ 315,516 -332,803 47,612 267,904 1,130,304 648,319 244,778 94,017 114,953 117,457 77,047 ........
Nov ............................................ 609,937 -88,849 50,883 559,053 1,433,490 698,786 393,088 95,839 60,655 71,009 78,070 ........
Dec ............................................ 820,942 167,376 53,530 767,412 1,651,175 653,565 438,327 88,245 47,631 32,102 47,206 ........
2009:Jan r............................................ 858,416 294,920 60,167 798,248 1,700,800 563,496 403,523 70,436 33,061 17,745 38,690 ........
Feb ............................................ 700,963 118,466 57,456 643,507 1,554,120 582,497 438,822 65,463 26,250 13,533 38,414 ........
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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\ Includes secondary and
seasonal, and other credit
extensions, not shown separately.
\5\ Includes credit extended
through the Primary Dealer Credit
Facility and credit extended to
other broker-dealers.
\6\ Discontinued after January
8, 2003.
Source: Board of Governors of
the Federal Reserve System.