[Economic Indicators October, 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)
                                                       -----------------------------------------------------------------------------------------------------------------------------------------
                                                               Reserves of depository institutions                                                Other borrowings from the Federal Reserve
                                                       ---------------------------------------------------                                 -----------------------------------------------------
                                                                                                                                                                    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 r............................................     42,173         41,852       40,879      1,294      593,648        320  ........  ........  ..........  ..........  ........       179
2000:Dec r............................................     38,724         38,515       37,399      1,325      584,945        210  ........  ........  ..........  ..........  ........        99
2001:Dec r............................................     41,428         41,361       39,785      1,643      635,595         67  ........  ........  ..........  ..........  ........        34
2002:Dec r............................................     40,339         40,259       38,331      2,008      681,646         80  ........  ........  ..........  ..........  ........        35
2003:Dec r............................................     42,630         42,585       41,583      1,047      720,344         46  ........        17  ..........  ..........  ........  ........
2004:Dec r............................................     46,540         46,478       44,631      1,909      759,186         63  ........        11  ..........  ..........  ........  ........
2005:Dec r............................................     45,089         44,920       43,188      1,901      787,018        169  ........        97  ..........  ..........  ........  ........
2006:Dec r............................................     43,220         43,029       41,357      1,863      811,106        191  ........       111  ..........  ..........  ........  ........
2007:Dec r............................................     43,294         27,864       41,525      1,769      822,320     15,431    11,613     3,787  ..........  ..........  ........  ........
2008:Dec r............................................    820,732        167,166       53,334    767,397    1,650,883    653,565   438,327    88,245     47,631      32,102     47,206  ........
 
2008:Oct r............................................    315,531       -332,789       47,629    267,902    1,130,376    648,319   244,778    94,017    114,953     117,457     77,047  ........
      Nov r...........................................    609,675        -89,110       50,639    559,036    1,433,199    698,786   393,088    95,839     60,655      71,009     78,070  ........
      Dec r...........................................    820,732        167,166       53,334    767,397    1,650,883    653,565   438,327    88,245     47,631      32,102     47,206  ........
 
2009:Jan r............................................    857,422        293,925       59,189    798,233    1,701,886    563,496   403,523    70,436     33,061      17,745     38,690  ........
      Feb r...........................................    700,386        117,889       56,904    643,482    1,556,513    582,497   438,822    65,463     26,250      13,533     38,414  ........
      Mar r...........................................    779,588        167,476       54,964    724,623    1,642,732    612,111   477,049    62,513     20,292       7,857     43,328  ........
      Apr r...........................................    881,019        322,825       56,652    824,367    1,749,274    558,194   444,933    47,324     10,918       4,267     45,057  ........
      May r...........................................    900,866        375,418       56,790    844,076    1,769,674    525,448   403,970    40,124        701      23,347     44,915  ........
      June r..........................................    809,188        370,465       57,824    751,364    1,680,624    438,722   316,868    37,302          0      18,891     43,057  ........
      July r..........................................    794,987        428,026       61,991    732,996    1,665,695    366,961   255,119    34,366          0       6,230     43,108  ........
      Aug r...........................................    828,456        497,006       62,599    765,857    1,704,364    331,450   224,490    32,147          0         184     40,021  ........
      Sept ...........................................    922,466        615,640       62,393    860,073    1,801,234    306,827   196,731    29,243          0          79     39,074  ........
      Oct p...........................................  1,056,393        791,335       61,659    994,734    1,936,456    265,058   155,396    25,163          0          28     41,222  ........
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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.