[Economic Report of the President (2007)] [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, 1965-2006 [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: 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 26,078 835 187,245 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 1,173 223,418 827 ......... ......... 38 486 1987.................................. 38,913 38,135 37,893 1,019 239,831 777 ......... ......... 93 201 1988.................................. 40,453 38,738 39,392 1,061 256,897 1,716 ......... ......... 130 342 1989.................................. 40,486 40,221 39,545 941 267,757 265 ......... ......... 84 162 1990.................................. 41,766 41,440 40,101 1,664 293,294 326 ......... ......... 76 227 1991.................................. 45,515 45,323 44,526 989 317,555 192 ......... ......... 38 153 1992.................................. 54,421 54,297 53,267 1,154 350,913 124 ......... ......... 18 105 1993.................................. 60,567 60,485 59,497 1,070 386,587 82 ......... ......... 31 51 1994.................................. 59,454 59,245 58,295 1,159 418,331 209 ......... ......... 100 109 1995.................................. 56,483 56,226 55,193 1,290 434,585 257 ......... ......... 40 217 1996.................................. 50,183 50,028 48,766 1,416 452,063 155 ......... ......... 68 87 1997.................................. 46,873 46,549 45,189 1,685 479,914 324 ......... ......... 79 245 1998.................................. 45,129 45,012 43,615 1,514 513,861 117 ......... ......... 15 101 1999.................................. 41,958 41,638 40,661 1,297 593,911 \3\ 320 ......... ......... 67 179 2000.................................. 38,674 38,464 37,246 1,428 584,975 210 ......... ......... 111 99 2001.................................. 41,390 41,323 39,739 1,650 635,545 67 ......... ......... 33 34 2002.................................. 40,359 40,279 38,350 2,009 681,652 80 ......... ......... 45 35 2003 ................................. 42,699 42,654 41,657 1,043 720,522 46 17 0 29 .......... 2004.................................. 46,625 46,562 44,716 1,909 759,672 63 11 0 52 .......... 2005.................................. 45,299 45,130 43,396 1,903 788,135 169 97 0 72 .......... 2006.................................. 43,291 43,100 41,476 1,815 812,381 191 111 0 80 .......... 2005: Jan............................... 47,170 47,108 45,431 1,740 760,391 62 39 0 23 .......... Feb............................... 45,890 45,848 44,396 1,494 762,686 42 26 0 16 .......... Mar............................... 46,627 46,577 44,847 1,780 764,980 49 13 0 37 .......... Apr............................... 46,290 46,158 44,619 1,671 765,980 132 52 0 80 .......... May............................... 45,814 45,675 44,278 1,536 766,935 139 6 0 133 .......... June.............................. 46,293 46,044 44,552 1,742 770,563 249 85 0 164 .......... July.............................. 46,392 45,967 44,605 1,787 773,649 425 176 12 237 .......... Aug............................... 45,310 44,948 43,701 1,609 776,021 362 63 3 297 .......... Sept.............................. 46,223 45,891 44,222 2,001 779,765 332 12 5 315 .......... Oct............................... 45,613 45,329 43,716 1,898 782,147 284 35 29 220 .......... Nov............................... 45,470 45,344 43,687 1,782 785,276 126 20 0 106 .......... Dec............................... 45,299 45,130 43,396 1,903 788,135 169 97 0 72 .......... 2006: Jan............................... 44,016 43,906 42,432 1,584 791,816 110 78 0 32 .......... Feb............................... 44,127 44,074 42,576 1,551 795,673 53 21 2 30 .......... Mar............................... 43,678 43,509 42,166 1,512 797,953 169 119 0 50 .......... Apr............................... 44,594 44,347 42,766 1,828 800,572 248 164 0 84 .......... May............................... 45,023 44,848 43,220 1,803 804,737 175 24 0 151 .......... June.............................. 45,381 45,129 43,591 1,790 804,580 253 16 0 237 .......... July.............................. 44,180 43,830 42,633 1,547 804,071 350 39 0 312 .......... Aug............................... 42,876 42,507 41,343 1,533 804,687 369 26 0 343 .......... Sept.............................. 42,880 42,477 41,118 1,762 805,199 403 66 0 338 .......... Oct............................... 42,782 42,553 41,102 1,680 806,636 229 24 0 205 .......... Nov............................... 43,198 43,038 41,495 1,703 809,747 160 48 0 112 .......... Dec............................... 43,291 43,100 41,476 1,815 812,381 191 111 0 80 .......... -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.