[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b69._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-69.--Aggregate reserves of depository institutions and monetary base, 1959-96
[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                                                 Nonbor-
rowed                  Mone-
Total     Nonbor-      plus     Required   tary base    Total     Seasonal   Extended
rowed     extended                                                 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.........................................................     26,854     23,667     26,272     25,999     187,237      3,186        113      2,604

1985.........................................................     31,460     30,141     30,641     30,423     203,529      1,318         56        499
1986.........................................................     38,950     38,123     38,426     37,580     223,571        827         38        303
1987.........................................................     38,866     38,089     38,572     37,820     239,784        777         93        483
1988.........................................................     40,410     38,694     39,938     39,362     256,920      1,716        130      1,244
1989.........................................................     40,508     40,242     40,262     39,585     267,723        265         84         20

1990.........................................................     41,780     41,455     41,478     40,116     293,332        326         76         23
1991.........................................................     45,547     45,355     45,356     44,569     317,502        192         38          1
1992.........................................................     54,367     54,243     54,244     53,212     351,244        124         18          1
1993.........................................................     60,519     60,437     60,437     59,456     386,877         82         31          0
1994.........................................................     59,364     59,156     59,156     58,196     418,723        209        100          0

1995.........................................................     56,364     56,106     56,106     55,086     435,006        257         40          0
1996p........................................................     50,166     50,011     50,011     48,746     453,509        155         68          0

1995:Jan.......................................................     59,145     59,009     59,013     57,806     421,032        136         46          4
Feb.......................................................     58,857     58,798     58,798     57,911     422,421         59         33          0
Mar.......................................................     58,500     58,431     58,431     57,706     425,165         69         51          0
Apr.......................................................     57,988     57,877     57,877     57,235     427,551        111         82          0
May.......................................................     57,801     57,651     57,651     56,921     430,112        150        137          0
June......................................................     57,383     57,110     57,110     56,418     429,308        272        172          0

July......................................................     57,680     57,309     57,309     56,590     429,822        371        231          0
Aug.......................................................     57,499     57,217     57,217     56,512     430,807        282        258          0
Sept......................................................     57,344     57,066     57,066     56,394     431,685        278        252          0
Oct.......................................................     56,839     56,593     56,593     55,758     432,737        245        199          0
Nov.......................................................     56,333     56,129     56,129     55,390     433,206        204         73          0
Dec.......................................................     56,364     56,106     56,106     55,086     435,006        257         40          0

1996:Jan.......................................................     55,606     55,568     55,568     54,121     435,182         38          7          0
Feb.......................................................     54,848     54,813     54,813     53,997     433,667         35          8          0
Mar.......................................................     55,727     55,706     55,706     54,590     436,871         21         10          0
Apr.......................................................     55,182     55,091     55,091     54,062     436,644         91         34          0
May.......................................................     54,227     54,100     54,100     53,368     437,009        127        105          0
June......................................................     54,112     53,726     53,726     52,962     439,088        386        192          0

July......................................................     53,197     52,829     52,829     52,132     441,881        368        284          0
Aug.......................................................     52,269     51,935     51,935     51,308     444,204        334        309          0
Sept......................................................     51,351     50,983     50,983     50,313     445,880        368        306          0
Oct.......................................................     50,135     49,848     49,848     49,142     447,187        287        212          0
Nov.......................................................     49,875     49,661     49,661     48,840     449,345        214        109          0
Decp......................................................     50,166     50,011     50,011     48,746     453,509        155         68          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.

Source: Board of Governors of the Federal Reserve System.