[Economic Indicators May, 2010]
[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   commercial  extended     Term
                       Period                                                                             Monetary                Term                dealer       paper        to      asset-
                                                                                               Excess       base     Total \4\   auction             and other     money    American    backed
                                                      Total \2\  Nonborrowed \3\   Required     (NSA)                            credit    Primary    broker-     market      Inter-  securities
                                                                                                                                                      dealer      mutual    national      loan
                                                                                                                                                    credit \5\     fund       Group,   facility,
                                                                                                                                                                 liquidity    Inc.      net \6\
                                                                                                                                                                 facility
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2000:Dec ...........................................     38,724         38,515       37,399      1,325      584,984        210  ........  ........  ..........  ..........  ........  ..........
2001:Dec ...........................................     41,428         41,361       39,785      1,643      635,567         67  ........  ........  ..........  ..........  ........  ..........
2002:Dec ...........................................     40,339         40,259       38,331      2,008      681,648         80  ........  ........  ..........  ..........  ........  ..........
2003:Dec ...........................................     42,630         42,585       41,583      1,047      720,391         46  ........        17  ..........  ..........  ........  ..........
2004:Dec ...........................................     46,540         46,477       44,631      1,909      759,378         63  ........        11  ..........  ..........  ........  ..........
2005:Dec ...........................................     45,088         44,919       43,188      1,900      787,578        169  ........        97  ..........  ..........  ........  ..........
2006:Dec ...........................................     43,219         43,028       41,357      1,862      812,410        191  ........       111  ..........  ..........  ........  ..........
2007:Dec ...........................................     43,214         27,783       41,429      1,784      824,373     15,431    11,613     3,787  ..........  ..........  ........  ..........
2008:Dec ...........................................    820,304        166,739       52,972    767,332    1,654,067    653,566   438,327    88,245     47,631      32,102     47,206  ..........
2009:Dec ...........................................  1,138,597        968,670       63,187  1,075,410    2,017,692    169,927    82,014    19,025          0           0     22,023     46,310
 
2009:May ...........................................    900,865        375,417       56,798    844,067    1,768,831    525,448   403,970    40,124        701      23,347     44,915     12,367
      June .........................................    809,196        370,473       57,841    751,355    1,679,686    438,722   316,868    37,302          0      18,891     43,057     22,552
      July .........................................    794,994        428,033       62,015    732,979    1,666,475    366,961   255,119    34,366          0       6,230     43,108     27,993
      Aug ..........................................    828,466        497,017       62,639    765,827    1,703,378    331,450   224,490    32,147          0         184     40,021     33,898
      Sept .........................................    922,473        615,646       62,408    860,065    1,800,960    306,827   196,731    29,243          0          79     39,074     41,036
      Oct ..........................................  1,056,405        791,347       61,673    994,732    1,936,564    265,058   155,396    25,163          0          28     41,222     42,765
      Nov ..........................................  1,140,488        923,181       63,200  1,077,288    2,018,817    217,307   110,049    20,434          0           0     43,222     43,497
      Dec ..........................................  1,138,597        968,670       63,187  1,075,410    2,017,692    169,927    82,014    19,025          0           0     22,023     46,310
 
2010:Jan ...........................................  1,108,869        966,727       62,856  1,046,013    1,986,809    142,142    54,209    16,407          0           0     23,213     47,342
      Feb ..........................................  1,224,492      1,113,265       62,415  1,162,077    2,109,311    111,227    23,677    14,258          0           0     25,544     46,874
      Mar r.........................................  1,186,299      1,094,655       65,701  1,120,599    2,075,381     91,644     7,286    11,136          0           0     25,252     47,306
      Apr r.........................................  1,116,837      1,036,612       66,441  1,050,396    2,010,301     80,225       796     6,468          0           0     25,739     46,617
      May p.........................................  1,109,489      1,033,864       64,565  1,044,924    2,006,897     75,626         0     4,198          0           0     26,397     44,565
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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\ Includes credit extended by 
the Federal Reserve Bank of New York 
to eligible borrowers through the 
Term Asset-Backed Securities Loan 
Facility, net of unamortized 
deferred administrative fees.
    Source: Board of Governors of 
the Federal Reserve System.