[Economic Report of the President (1996)]
[Administration of William J. Clinton]
[Online through the Government Publishing Office, www.gpo.gov]

[DOCID: f:erp_b67._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 104-161
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]


Table B-67.--Aggregate reserves of depository institutions and monetary base, 1959-95
[Averages of daily figures\1\; millions of dollars; seasonally adjusted, except as noted]
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Adjusted for changes in reserve requirements\2\           Borrowings of depository
------------------------------------------------------------  institutions from the Federal
Reserves of depository institutions                             Reserve, NSA
-------------------------------------------------           --------------------------------
Year and month                                                Nonborrowed               Monetary
plus                    base                           Extended
Total    Nonborrowed    extended    Required                Total     Seasonal    credit
credit
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December:
1959.....................................................     11,109      10,168       10,168      10,603      40,880        941  .........  .........

1960.....................................................     11,247      11,172       11,172      10,503      40,977         74  .........  .........
1961.....................................................     11,499      11,366       11,366      10,915      41,853        133  .........  .........
1962.....................................................     11,604      11,344       11,344      11,033      42,957        260  .........  .........
1963.....................................................     11,730      11,397       11,397      11,239      45,003        332  .........  .........
1964.....................................................     12,011      11,747       11,747      11,605      47,161        264  .........  .........

1965.....................................................     12,316      11,872       11,872      11,892      49,620        444  .........  .........
1966.....................................................     12,223      11,690       11,690      11,884      51,565        532  .........  .........
1967.....................................................     13,180      12,952       12,952      12,805      54,579        228  .........  .........
1968.....................................................     13,767      13,021       13,021      13,341      58,357        746  .........  .........
1969.....................................................     14,168      13,049       13,049      13,882      61,569      1,119  .........  .........

1970.....................................................     14,558      14,225       14,225      14,309      65,013        332  .........  .........
1971.....................................................     15,230      15,104       15,104      15,049      69,108        126  .........  .........
1972.....................................................     16,645      15,595       15,595      16,361      75,167      1,050  .........  .........
1973.....................................................     17,021      15,723       15,723      16,717      81,073      1,298         41  .........
1974.....................................................     17,550      16,823       16,970      17,292      87,535        727         32        147

1975.....................................................     17,822      17,692       17,704      17,556      93,887        130         14         12
1976.....................................................     18,388      18,335       18,335      18,115     101,515         53         13  .........
1977.....................................................     18,990      18,420       18,420      18,800     110,323        569         55  .........
1978.....................................................     19,753      18,885       18,885      19,521     120,445        868        135  .........
1979.....................................................     20,720      19,248       19,248      20,279     131,143      1,473         82  .........

1980.....................................................     22,015      20,325       20,328      21,501     142,004      1,690        116          3
1981.....................................................     22,443      21,807       21,956      22,124     149,021        636         54        148
1982.....................................................     23,600      22,966       23,152      23,100     160,127        634         33        186
1983.....................................................     25,367      24,593       24,595      24,806     175,467        774         96          2
1984.....................................................     26,847      23,661       26,265      25,993     187,224      3,186        113      2,604

1985.....................................................     31,452      30,133       30,633      30,415     203,539      1,318         56        499
1986.....................................................     38,940      38,113       38,416      37,570     223,574        827         38        303
1987.....................................................     38,856      38,078       38,562      37,809     239,775        777         93        483
1988.....................................................     40,399      38,683       39,927      39,352     256,897      1,716        130      1,244
1989.....................................................     40,498      40,232       40,252      39,575     267,713        265         84         20

1990.....................................................     41,771      41,445       41,468      40,106     293,275        326         76         23
1991.....................................................     45,536      45,343       45,344      44,557     317,432        192         38          1
1992.....................................................     54,354      54,230       54,231      53,199     351,116        124         18          1
1993.....................................................     60,502      60,420       60,420      59,440     386,602         82         31          0
1994.....................................................     59,342      59,133       59,133      58,174     418,223        209        100          0

1995.....................................................     56,334      56,077       56,077      55,056     434,438        257         40          0

1994: Jan..................................................     60,645      60,571       60,571      59,197     389,945         73         15          0
Feb...................................................     60,775      60,705       60,705      59,635     393,771         70         15          0
Mar...................................................     60,587      60,532       60,532      59,620     396,668         55         24          0
Apr...................................................     60,480      60,356       60,356      59,329     399,229        124         57          0
May...................................................     60,105      59,905       59,905      59,190     401,680        200        134          0
June..................................................     59,989      59,656       59,656      58,885     404,213        333        226          0

July..................................................     60,105      59,647       59,647      58,998     407,175        458        364          0
Aug...................................................     59,839      59,370       59,370      58,835     409,244        469        445          0
Sept..................................................     59,794      59,307       59,307      58,734     411,338        487        444          0
Oct...................................................     59,496      59,116       59,116      58,693     413,854        380        339          0
Nov...................................................     59,401      59,152       59,152      58,394     416,788        249        164          0
Dec...................................................     59,342      59,133       59,133      58,174     418,223        209        100          0

1995: Jan..................................................     59,124      58,988       58,992      57,785     421,054        136         46          4
Feb...................................................     58,919      58,860       58,860      57,973     422,312         59         33          0
Mar...................................................     58,552      58,483       58,483      57,757     425,350         69         51          0
Apr...................................................     57,957      57,847       57,847      57,204     428,127        111         82          0
May...................................................     57,761      57,611       57,611      56,881     430,687        150        137          0
June..................................................     57,352      57,080       57,080      56,388     429,755        272        172          0

July..................................................     57,655      57,284       57,284      56,565     429,659        371        231          0
Aug...................................................     57,515      57,233       57,233      56,527     430,858        282        258          0
Sept..................................................     57,368      57,091       57,091      56,418     431,249        278        252          0
Oct...................................................     56,821      56,575       56,575      55,739     432,437        245        199          0
Nov...................................................     56,269      56,065       56,065      55,326     432,705        204         73          0
Dec...................................................     56,334      56,077       56,077      55,056     434,438        257         40         0
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\1\Data are prorated averages of biweekly (maintenance period) averages of daily figures.
\2\Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For details on aggregate
reserves series see Federal Reserve Bulletin.

Note.--NSA indicates data are not seasonally adjusted.
Monetary base data do not reflect revisions released on February 8, 1996.

Source: Board of Governors of the Federal Reserve System.