[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]
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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:
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  ..........
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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.