[Economic Report of the President (2005)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-71.--Aggregate reserves of depository institutions and the monetary base, 1959-2004
[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 Reserve (NSA)
Reserves of depository institutions                -------------------------------------------------------
Year and month              ---------------------------------------------   Mone-
Nonbor-                Execess   tary base    Total     Primary   Secondary   Seasonal  Adjustment
Total      rowed     Required     (NSA)
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December:
1959..................................     11,109     10,168     10,603        506      40,880        941  .........  .........  .........         941

1960..................................     11,247     11,172     10,503        743      40,977         74  .........  .........  .........          74
1961..................................     11,499     11,366     10,915        584      41,853        133  .........  .........  .........         133
1962..................................     11,604     11,344     11,033        572      42,957        260  .........  .........  .........         260
1963..................................     11,730     11,397     11,239        490      45,003        332  .........  .........  .........         332
1964..................................     12,011     11,747     11,605        406      47,161        264  .........  .........  .........         264
1965..................................     12,316     11,872     11,892        423      49,620        444  .........  .........  .........         444
1966..................................     12,223     11,690     11,884        339      51,565        532  .........  .........  .........         532
1967..................................     13,180     12,952     12,805        375      54,579        228  .........  .........  .........         228
1968..................................     13,767     13,021     13,341        426      58,357        746  .........  .........  .........         746
1969..................................     14,168     13,049     13,882        286      61,569      1,119  .........  .........  .........       1,119

1970..................................     14,558     14,225     14,309        249      65,013        332  .........  .........  .........         332
1971..................................     15,230     15,104     15,049        182      69,108        126  .........  .........  .........         126
1972..................................     16,645     15,595     16,361        284      75,167      1,050  .........  .........  .........       1,050
1973..................................     17,021     15,723     16,717        304      81,073      1,298  .........  .........         41       1,257
1974..................................     17,550     16,823     17,292        258      87,535        727  .........  .........         32         548
1975..................................     17,822     17,692     17,556        266      93,887        130  .........  .........         14         104
1976..................................     18,388     18,335     18,115        274     101,515         53  .........  .........         13          40
1977..................................     18,990     18,420     18,800        190     110,324        569  .........  .........         55         514
1978..................................     19,753     18,885     19,521        232     120,445        868  .........  .........        135         734
1979..................................     20,720     19,248     20,279        442     131,143      1,473  .........  .........         82       1,390

1980..................................     22,015     20,325     21,501        514     142,004      1,690  .........  .........        116       1,571
1981..................................     22,443     21,807     22,124        319     149,021        636  .........  .........         54         433
1982..................................     23,600     22,966     23,100        500     160,127        634  .........  .........         33         415
1983..................................     25,367     24,593     24,806        561     175,467        774  .........  .........         96         676
1984..................................     26,896     23,710     26,061        835     187,237      3,186  .........  .........        113         469
1985..................................     31,541     30,223     30,478      1,063     203,540      1,318  .........  .........         56         763
1986..................................     38,841     38,015     37,668      1,173     223,432        827  .........  .........         38         486
1987..................................     38,918     38,141     37,899      1,019     239,847        777  .........  .........         93         201
1988..................................     40,428     38,712     39,366      1,061     256,869      1,716  .........  .........        130         342
1989..................................     40,430     40,164     39,489        941     267,668        265  .........  .........         84         162

1990..................................     41,699     41,374     40,035      1,664     293,262        326  .........  .........         76         227
1991..................................     45,451     45,258     44,461        989     317,509        192  .........  .........         38         153
1992..................................     54,332     54,208     53,178      1,154     350,758        124  .........  .........         18         105
1993..................................     60,460     60,378     59,390      1,070     386,465         82  .........  .........         31          51
1994..................................     59,369     59,160     58,209      1,159     418,196        209  .........  .........        100         109
1995..................................     56,430     56,173     55,140      1,290     434,388        257  .........  .........         40         217
1996..................................     50,149     49,994     48,733      1,416     451,904        155  .........  .........         68          87
1997..................................     46,848     46,523     45,163      1,685     479,826        324  .........  .........         79         245
1998..................................     45,254     45,138     43,741      1,514     513,894        117  .........  .........         15         101
1999..................................     41,928     41,607     40,631      1,297     593,709    \3\ 320  .........  .........         67         179

2000..................................     38,677     38,467     37,249      1,427     585,104        210  .........  .........        111          99
2001..................................     41,411     41,344     39,760      1,651     635,936         67  .........  .........         33          34
2002..................................     40,442     40,362     38,433      2,009     682,151         80  .........  .........         45          35
2003 .................................     42,843     42,797     41,804      1,039     720,978         46         17          0         29  ..........
2004..................................     46,577     46,515     44,661      1,916     760,013         63         11          0         52  ..........

2003: Jan...............................     40,840     40,813     39,132      1,708     685,645         27         12          0         13           2
Feb...............................     41,095     41,070     39,129      1,966     690,639         25         21          0          5  ..........
Mar...............................     41,087     41,065     39,453      1,634     693,925         22         14          0          8  ..........
Apr...............................     40,696     40,666     39,154      1,542     696,642         29          8          0         21  ..........
May...............................     40,884     40,829     39,263      1,621     700,151         55          3          0         53  ..........
June..............................     42,348     42,186     40,486      1,862     702,786        161         87          0         74  ..........

July..............................     43,314     43,183     41,379      1,935     705,363        130         21          0        110  ..........
Aug...............................     45,581     45,252     41,814      3,767     710,239        329        168         15        146  ..........
Sept..............................     44,289     44,109     42,779      1,510     712,123        181         23          0        158  ..........
Oct...............................     43,394     43,287     41,921      1,473     715,834        107         13          0         94  ..........
Nov...............................     43,034     42,966     41,545      1,489     718,968         68         25          0         43  ..........
Dec...............................     42,843     42,797     41,804      1,039     720,978         46         17          0         29  ..........

2004: Jan...............................     43,204     43,098     42,314        891     722,605        106         93          0         13  ..........
Feb...............................     42,999     42,957     41,805      1,194     724,173         42         28          0         14  ..........
Mar...............................     44,739     44,688     42,933      1,806     725,786         51         23          0         28  ..........
Apr...............................     45,688     45,602     43,881      1,807     728,836         86         29          0         57  ..........
May...............................     45,390     45,279     43,747      1,643     732,306        112          9          0        103  ..........
June..............................     45,935     45,755     44,047      1,888     737,809        180         40          0        140  ..........

July..............................     45,733     45,488     44,022      1,711     745,607        245         42          0        203  ..........
Aug...............................     44,754     44,502     43,203      1,551     748,197        251         18          0        233  ..........
Sept..............................     46,252     45,917     44,686      1,566     753,381        335         97          0        238  ..........
Oct...............................     46,035     45,856     44,318      1,717     755,881        179         15          0        164  ..........
Nov...............................     45,946     45,763     44,174      1,772     760,590        183        105          0         78  ..........
Dec...............................     46,577     46,515     44,661      1,916     760,013         63         11          0         52  ..........
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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.