[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]
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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..................................     26,913     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  ..........
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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.