[Economic Report of the President (2003)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-71.--Aggregate reserves of depository institutions and monetary base, 1959-2002
[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     110,324        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.........................................................     26,896     23,710     26,314     26,061     187,241      3,186        113      2,604
1985.........................................................     31,541     30,223     30,722     30,478     203,534      1,318         56        499
1986.........................................................     38,841     38,015     38,318     37,668     223,435        827         38        303
1987.........................................................     38,918     38,141     38,624     37,899     239,838        777         93        483
1988.........................................................     40,428     38,712     39,956     39,366     256,872      1,716        130      1,244
1989.........................................................     40,430     40,164     40,184     39,488     267,677        265         84         20

1990.........................................................     41,699     41,374     41,396     40,035     293,266        326         76         23
1991.........................................................     45,451     45,258     45,259     44,461     317,502        192         38          1
1992.........................................................     54,332     54,208     54,209     53,178     350,751        124         18          1
1993.........................................................     60,460     60,378     60,378     59,390     386,477         82         31          0
1994.........................................................     59,369     59,160     59,160     58,209     418,205        209        100          0
1995.........................................................     56,430     56,173     56,173     55,140     434,396        257         40          0
1996.........................................................     50,149     49,994     49,994     48,733     451,839        155         68          0
1997.........................................................     46,848     46,523     46,523     45,163     479,703        324         79          0
1998.........................................................     45,136     45,019     45,019     43,622     513,550        117         15          0
1999 ........................................................     41,824     41,504     41,504     40,527     593,121    \3\ 320         67          0

2000.........................................................     38,535     38,326     38,326     37,108     584,042        210        111          0
2001.........................................................     41,220     41,154     41,154     39,572     634,414         67         33          0
2002 ........................................................     40,070     39,990     39,990     38,083     680,334         80         45          0

2001: Jan......................................................     37,973     37,900     37,900     36,588     587,776         73         34          0
Feb......................................................     38,382     38,331     38,331     36,875     589,886         51         21          0
Mar......................................................     38,460     38,402     38,402     37,061     592,272         58         20          0
Apr......................................................     38,568     38,517     38,517     37,291     595,638         51         35          0
May......................................................     38,316     38,103     38,103     37,297     598,897        213         79          0
June.....................................................     39,066     38,836     38,836     37,704     602,835        229        120          0

July.....................................................     39,785     39,502     39,502     38,377     608,105        283        174          0
Aug......................................................     40,079     39,896     39,896     38,871     616,024        183        164          0
Sept.....................................................     58,217     54,832     54,832     39,200     639,690      3,385         93          0
Oct......................................................     45,224     45,097     45,097     43,899     629,954        127         67          0
Nov .....................................................     40,867     40,783     40,783     39,415     629,374         84         33          0
Dec .....................................................     41,220     41,154     41,154     39,572     634,414         67         33          0

2002: Jan......................................................     41,735     41,685     41,685     40,340     640,845         50         17          0
Feb......................................................     41,450     41,420     41,420     40,080     646,153         30         17          0
Mar......................................................     41,050     40,971     40,971     39,629     649,629         79         20          0
Apr......................................................     40,806     40,735     40,735     39,594     653,921         71         50          0
May......................................................     39,164     39,052     39,052     37,902     657,887        112        105          0
June.....................................................     39,313     39,171     39,171     38,075     664,105        142        136          0

July.....................................................     39,679     39,488     39,488     38,305     668,755        191        176          0
Aug......................................................     40,054     39,721     39,721     38,417     671,143        333        185          0
Sept.....................................................     39,275     39,045     39,045     37,799     671,568        229        169          0
Oct......................................................     38,918     38,776     38,776     37,368     673,626        143        120          0
Nov .....................................................     39,561     39,290     39,290     37,945     676,238        272         60          0
Dec .....................................................     40,070     39,990     39,990     38,083     680,334         80         45          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.