[Economic Report of the President (2006)] [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, 1959-2005 [Averages of daily figures\1\; millions of dollars; seasonally adjusted, except as noted] -------------------------------------------------------------------------------------------------------------------------------------------------------- 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) -------------------------------------------------------------------------------------------------------------------------------------------------------- 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.................................. 26,913 23,727 26,078 835 187,238 3,186 ......... ......... 113 469 1985.................................. 31,569 30,250 30,505 1,063 203,562 1,318 ......... ......... 56 763 1986.................................. 38,840 38,014 37,667 1,173 223,425 827 ......... ......... 38 486 1987.................................. 38,913 38,135 37,893 1,019 239,837 777 ......... ......... 93 201 1988.................................. 40,453 38,738 39,392 1,061 256,892 1,716 ......... ......... 130 342 1989.................................. 40,486 40,221 39,545 941 267,755 265 ......... ......... 84 162 1990.................................. 41,766 41,440 40,101 1,664 293,287 326 ......... ......... 76 227 1991.................................. 45,515 45,323 44,526 989 317,557 192 ......... ......... 38 153 1992.................................. 54,421 54,297 53,267 1,154 350,919 124 ......... ......... 18 105 1993.................................. 60,567 60,485 59,497 1,070 386,594 82 ......... ......... 31 51 1994.................................. 59,454 59,245 58,295 1,159 418,325 209 ......... ......... 100 109 1995.................................. 56,483 56,226 55,193 1,290 434,585 257 ......... ......... 40 217 1996.................................. 50,183 50,028 48,766 1,416 452,081 155 ......... ......... 68 87 1997.................................. 46,873 46,549 45,189 1,685 479,946 324 ......... ......... 79 245 1998.................................. 45,515 45,398 44,001 1,514 514,077 117 ......... ......... 15 101 1999.................................. 42,009 41,778 40,802 1,297 593,635 \3\ 320 ......... ......... 67 179 2000.................................. 38,792 38,582 37,364 1,428 584,831 210 ......... ......... 111 99 2001.................................. 41,496 41,429 39,846 1,650 635,401 67 ......... ......... 33 34 2002.................................. 40,441 40,361 38,432 2,009 681,386 80 ......... ......... 45 35 2003 ................................. 42,772 42,726 41,729 1,043 720,101 46 17 0 29 .......... 2004.................................. 46,795 46,733 44,886 1,909 758,973 63 11 0 52 .......... 2005.................................. 44,798 44,630 42,847 1,951 786,383 169 97 0 72 .......... 2004: Jan............................... 43,004 42,898 42,112 892 721,878 106 93 0 13 .......... Feb............................... 42,915 42,873 41,718 1,196 723,993 42 28 0 14 .......... Mar............................... 44,662 44,610 42,855 1,807 726,571 51 23 0 28 .......... Apr............................... 45,788 45,702 43,980 1,808 730,639 86 29 0 57 .......... May............................... 45,643 45,531 43,956 1,686 734,231 112 9 0 103 .......... June.............................. 46,284 46,104 44,351 1,933 738,990 180 40 0 140 .......... July.............................. 46,400 46,155 44,681 1,719 746,307 245 42 0 203 .......... Aug............................... 45,481 45,229 43,898 1,583 747,704 251 18 0 233 .......... Sept.............................. 46,488 46,153 44,833 1,655 751,823 335 97 0 238 .......... Oct............................... 46,344 46,164 44,587 1,757 754,730 179 15 0 164 .......... Nov............................... 46,368 46,185 44,584 1,784 759,302 183 105 0 78 .......... Dec............................... 46,795 46,733 44,886 1,909 758,973 63 11 0 52 .......... 2005: Jan............................... 47,475 47,413 45,734 1,741 760,531 62 39 0 23 .......... Feb............................... 45,969 45,927 44,472 1,497 763,479 42 26 0 16 .......... Mar............................... 46,804 46,755 45,021 1,783 765,712 49 13 0 37 .......... Apr............................... 46,559 46,428 44,884 1,675 766,942 132 52 0 80 .......... May............................... 45,873 45,734 44,336 1,537 768,134 139 6 0 133 .......... June.............................. 46,670 46,421 44,887 1,782 771,123 249 85 0 164 .......... July.............................. 46,085 45,660 44,343 1,741 772,865 425 176 12 237 .......... Aug............................... 44,540 44,178 42,918 1,622 774,705 362 63 3 297 .......... Sept.............................. 45,720 45,388 43,673 2,047 777,801 332 12 5 315 .......... Oct............................... 44,784 44,500 42,883 1,900 780,069 284 35 29 220 .......... Nov............................... 44,705 44,579 42,909 1,797 783,668 126 20 0 106 .......... Dec............................... 44,798 44,630 42,847 1,951 786,383 169 97 0 72 .......... -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.