[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 388]]

 
Table B-69.--Aggregate reserves of depository institutions and monetary base, 1959-99
[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
--------------------------------------------------------------------------------------------------------------------------------------------------------
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     110,324        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.........................................................     26,912     23,726     26,330     26,078     187,236      3,186        113      2,604

1985.........................................................     31,558     30,239     30,739     30,495     203,552      1,318         56        499
1986.........................................................     38,826     37,999     38,302     37,653     223,426        827         38        303
1987.........................................................     38,896     38,119     38,602     37,877     239,850        777         93        483
1988.........................................................     40,435     38,719     39,963     39,374     256,888      1,716        130      1,244
1989.........................................................     40,469     40,204     40,224     39,528     267,701        265         84         20

1990.........................................................     41,747     41,422     41,445     40,083     293,240        326         76         23
1991.........................................................     45,493     45,301     45,301     44,504     317,512        192         38          1
1992.........................................................     54,388     54,265     54,265     53,235     350,865        124         18          1
1993.........................................................     60,530     60,448     60,448     59,460     386,451         82         31          0
1994.........................................................     59,419     59,210     59,210     58,260     418,072        209        100          0

1995.........................................................     56,454     56,197     56,197     55,164     434,098        257         40          0
1996.........................................................     50,162     50,008     50,008     48,746     451,373        155         68          0
1997.........................................................     46,861     46,537     46,537     45,176     478,877        324         79          0
1998.........................................................     44,902     44,785     44,785     43,319     512,321        117         15          0
1999........................................................     41,537     41,216     41,216     40,225     590,295     \3\320         67          0

1998:Jan.......................................................     46,680     46,470     46,470     44,887     481,483        210         18          0
Feb........................................................     45,744     45,686     45,686     44,211     483,250         58         12          0
Mar........................................................     45,854     45,813     45,813     44,503     485,295         41         22          0
Apr........................................................     46,119     46,047     46,047     44,731     487,571         72         41          0
May........................................................     45,516     45,363     45,363     44,243     489,571        153         94          0
June.......................................................     45,410     45,159     45,159     43,794     492,314        251        159          0

July.......................................................     44,895     44,637     44,637     43,524     494,736        258        215          0
Aug........................................................     44,983     44,712     44,712     43,453     497,869        271        242          0
Sept.......................................................     44,540     44,290     44,290     42,846     502,038        251        178          0
Oct........................................................     44,405     44,231     44,231     42,831     505,843        174        107          0
Nov........................................................     44,497     44,414     44,414     42,873     509,144         83         37          0
Dec........................................................     44,902     44,785     44,785     43,319     512,321        117         15          0

1999:Jan.......................................................     45,125     44,920     44,920     43,591     516,807        206          7          0
Feb........................................................     44,551     44,435     44,435     43,336     520,843        116          9          0
Mar........................................................     43,717     43,652     43,652     42,412     524,233         65         18          0
Apr........................................................     43,979     43,812     43,812     42,820     528,741        166         39          0
May........................................................     44,360     44,233     44,233     43,105     534,860        127         89          0
June.......................................................     42,867     42,722     42,722     41,606     537,625        145        127          0

July.......................................................     41,978     41,669     41,669     40,902     541,203        309        226          0
Aug........................................................     42,067     41,723     41,723     40,938     544,415        344        271          0
Sept.......................................................     42,113     41,774     41,774     40,916     549,560        338        282          0
Oct........................................................     40,943     40,661     40,661     39,790     557,154     \3\281        221          0
Nov........................................................     41,198     40,962     40,962     39,864     569,349     \3\236         71          0
Dec.......................................................     41,537     41,216     41,216     40,225     590,295     \3\320         67          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.
\3\Total includes borrowing under the terms and conditions established for the Century Date Change Special Liquidity Facility in effect from October 1,
1999 through April 7, 2000.

Note.--NSA indicates data are not seasonally adjusted.

Source: Board of Governors of the Federal Reserve System.