Annual Report 2010

Table 6C. Reserves of depository institutions, Federal Reserve Bank credit, and related items, year-end 1918-1983
Millions of dollars

Period	Factors supplying reserve funds										Factors absorbing reserve funds								Member bank reserves9
	Federal Reserve Bank credit outstanding							Gold stock6	Special drawing rights certificate account	Treasury currency outstanding7	Currency in circulation	Treasury cash holdings8	Deposits with Federal Reserve Banks, other than reserve balances			Other Federal Reserve accounts5	Required clearing balances	Other Federal Reserve liabilities and capital5
	Securities held outright1	Repurchase agreements2	Loans	Float3	All other4	Other Federal Reserve assets5	Total						Treasury	Foreign	Other				With Federal Reserve Banks	Currency and coin10	Required11	Excess11, 12
1918	239	0	1,766	199	294	0	2,498	2,873	...	1,795	4,951	288	51	96	25	118	0	0	1,636	...	1,585	51
1919	300	0	2,215	201	575	0	3,292	2,707	...	1,707	5,091	385	31	73	28	208	0	0	1,890	...	1,822	68
1920	287	0	2,687	119	262	0	3,355	2,639	...	1,709	5,325	218	57	5	18	298	0	0	1,781	...	...	...
1921	234	0	1,144	40	146	0	1,563	3,373	...	1,842	4,403	214	96	12	15	285	0	0	1,753	...	1,654	99
1922	436	0	618	78	273	0	1,405	3,642	...	1,958	4,530	225	11	3	26	276	0	0	1,934	...	...	...
1923	80	54	723	27	355	0	1,238	3,957	...	2,009	4,757	213	38	4	19	275	0	0	1,898	...	1,884	14
1924	536	4	320	52	390	0	1,302	4,212	...	2,025	4,760	211	51	19	20	258	0	0	2,220	...	2,161	59
1925	367	8	643	63	378	0	1,459	4,112	...	1,977	4,817	203	16	8	21	272	0	0	2,212	...	2,256	-44
1926	312	3	637	45	384	0	1,381	4,205	...	1,991	4,808	201	17	46	19	293	0	0	2,194	...	2,250	-56
1927	560	57	582	63	393	0	1,655	4,092	...	2,006	4,716	208	18	5	21	301	0	0	2,487	...	2,424	63
1928	197	31	1,056	24	500	0	1,809	3,854	...	2,012	4,686	202	23	6	21	348	0	0	2,389	...	2,430	-41
1929	488	23	632	34	405	0	1,583	3,997	...	2,022	4,578	216	29	6	24	393	0	0	2,355	...	2,428	-73
1930	686	43	251	21	372	0	1,373	4,306	...	2,027	4,603	211	19	6	22	375	0	0	2,471	...	2,375	96
1931	775	42	638	20	378	0	1,853	4,173	...	2,035	5,360	222	54	79	31	354	0	0	1,961	...	1,994	-33
1932	1,851	4	235	14	41	0	2,145	4,226	...	2,204	5,388	272	8	19	24	355	0	0	2,509	...	1,933	576
1933	2,435	2	98	15	137	0	2,688	4,036	...	2,303	5,519	284	3	4	128	360	0	0	2,729	...	1,870	859
1934	2,430	0	7	5	21	0	2,463	8,238	...	2,511	5,536	3,029	121	20	169	241	0	0	4,096	...	2,282	1,814
1935	2,430	1	5	12	38	0	2,486	10,125	...	2,476	5,882	2,566	544	29	226	253	0	0	5,587	...	2,743	2,844
1936	2,430	0	3	39	28	0	2,500	11,258	...	2,532	6,543	2,376	244	99	160	261	0	0	6,606	...	4,622	1,984
1937	2,564	0	10	19	19	0	2,612	12,760	...	2,637	6,550	3,619	142	172	235	263	0	0	7,027	...	5,815	1,212
1938	2,564	0	4	17	16	0	2,601	14,512	...	2,798	6,856	2,706	923	199	242	260	0	0	8,724	...	5,519	3,205
1939	2,484	0	7	91	11	0	2,593	17,644	...	2,963	7,598	2,409	634	397	256	251	0	0	11,653	...	6,444	5,209
1940	2,184	0	3	80	8	0	2,274	21,995	...	3,087	8,732	2,213	368	1,133	599	284	0	0	14,026	...	7,411	6,615
1941	2,254	0	3	94	10	0	2,361	22,737	...	3,247	11,160	2,215	867	774	586	291	0	0	12,450	...	9,365	3,085
1942	6,189	0	6	471	14	0	6,679	22,726	...	3,648	15,410	2,193	799	793	485	256	0	0	13,117	...	11,129	1,988
1943	11,543	0	5	681	10	0	12,239	21,938	...	4,094	20,449	2,303	579	1,360	356	339	0	0	12,886	...	11,650	1,236
1944	18,846	0	80	815	4	0	19,745	20,619	...	4,131	25,307	2,375	440	1,204	394	402	0	0	14,373	...	12,748	1,625
1945	24,262	0	249	578	2	0	25,091	20,065	...	4,339	28,515	2,287	977	862	446	495	0	0	15,915	...	14,457	1,458
1946	23,350	0	163	580	1	0	24,093	20,529	...	4,562	28,952	2,272	393	508	314	607	0	0	16,139	...	15,577	562
1947	22,559	0	85	535	1	0	23,181	22,754	...	4,562	28,868	1,336	870	392	569	563	0	0	17,899	...	16,400	1,499
1948	23,333	0	223	541	1	0	24,097	24,244	...	4,589	28,224	1,325	1123	642	547	590	0	0	20,479	...	19,277	1,202
1949	18,885	0	78	534	2	0	19,499	24,427	...	4,598	27,600	1,312	821	767	750	706	0	0	16,568	...	15,550	1,018
1950	20,725	53	67	1,368	3	0	22,216	22,706	...	4,636	27,741	1,293	668	895	565	714	0	0	17,681	...	16,509	1,172
1951	23,605	196	19	1,184	5	0	25,009	22,695	...	4,709	29,206	1,270	247	526	363	746	0	0	20,056	...	19,667	389
1952	24,034	663	156	967	4	0	25,825	23,187	...	4,812	30,433	1,270	389	550	455	777	0	0	19,950	...	20,520	-570
1953	25,318	598	28	935	2	0	26,880	22,030	...	4,894	30,781	761	346	423	493	839	0	0	20,160	...	19,397	763
1954	24,888	44	143	808	1	0	25,885	21,713	...	4,985	30,509	796	563	490	441	907	0	0	18,876	...	18,618	258
1955	24,391	394	108	1,585	29	0	26,507	21,690	...	5,008	31,158	767	394	402	554	925	0	0	19,005	...	18,903	102
1956	24,610	305	50	1,665	70	0	26,699	21,949	...	5,066	31,790	775	441	322	426	901	0	0	19,059	...	19,089	-30
1957	23,719	519	55	1,424	66	0	25,784	22,781	...	5,146	31,834	761	481	356	246	998	0	0	19,034	...	19,091	-57
1958	26,252	95	64	1,296	49	0	27,755	20,534	...	5,234	32,193	683	358	272	391	1,122	0	0	18,504	...	18,574	-70
1959	26,607	41	458	1,590	75	0	28,771	19,456	...	5,311	32,591	391	504	345	694	841	0	0	18,174	310	18,619	-135
1960	26,984	400	33	1,847	74	0	29,338	17,767	...	5,398	32,869	377	485	217	533	941	0	0	17,081	2,544	18,988	637
1961	28,722	159	130	2,300	51	0	31,362	16,889	...	5,585	33,918	422	465	279	320	1,044	0	0	17,387	2,823	20,114	96
1962	30,478	342	38	2,903	110	0	33,871	15,978	...	5,567	35,338	380	597	247	393	1,007	0	0	17,454	3,262	20,071	645
1963	33,582	11	63	2,600	162	0	36,418	15,513	...	5,578	37,692	361	880	171	291	1,065	0	0	17,049	4,099	20,677	471
1964	36,506	538	186	2,606	94	0	39,930	15,388	...	5,405	39,619	612	820	229	321	1,036	0	0	18,086	4,151	21,663	574
1965	40,478	290	137	2,248	187	0	43,340	13,733	...	5,575	42,056	760	668	150	355	211	0	0	18,447	4,163	22,848	-238
1966	43,655	661	173	2,495	193	0	47,177	13,159	...	6,317	44,663	1,176	416	174	588	-147	0	0	19,779	4,310	24,321	-232
1967	48,980	170	141	2,576	164	0	52,031	11,982	...	6,784	47,226	1,344	1,123	135	653	-773	0	0	21,092	4,631	25,905	-182
1968	52,937	0	186	3,443	58	0	56,624	10,367	...	6,795	50,961	695	703	216	747	-1,353	0	0	21,818	4,921	27,439	-700
1969	57,154	0	183	3,440	64	2,743	63,584	10,367	...	6,852	53,950	596	1,312	134	807	0	0	1,919	22,085	5,187	28,173	-901
1970	62,142	0	335	4,261	57	1,123	67,918	10,732	400	7,147	57,093	431	1,156	148	1,233	0	0	1,986	24,150	5,423	30,033	-460
1971	69,481	1,323	39	4,343	261	1,068	76,515	10,132	400	7,710	61,068	460	2,020	294	999	0	0	2,131	27,788	5,743	32,496	1,035
1972	71,119	111	1,981	3,974	106	1,260	78,551	10,410	400	8,313	66,516	345	1,855	325	840	0	0	2,143	25,647	6,216	32,044	98
1973	80,395	100	1,258	3,099	68	1,152	86,072	11,567	400	8,716	72,497	317	2,542	251	1,14913	0	0	2,669	27,060	6,781	35,268	-1,360
1974	84,760	954	299	2,001	999	3,195	92,208	11,652	400	9,253	79,743	185	3,113	418	1,27513	0	0	2,935	25,843	7,370	37,011	-3,798
1975	92,789	1,335	211	3,688	1,126	3,312	102,461	11,599	500	10,218	86,547	483	7,285	353	1,090	0	0	2,968	26,052	8,036	35,197	-1,10314
1976	100,062	4,031	25	2,601	991	3,182	110,892	11,598	1,200	10,810	93,717	460	10,393	352	1,357	0	0	3,063	25,158	8,628	35,461	-1,535
1977	108,922	2,352	265	3,810	954	2,442	118,745	11,718	1,250	11,331	103,811	392	7,114	379	1,187	0	0	3,292	26,870	9,421	37,615	-1,265
1978	117,374	1,217	1,174	6,432	587	4,543	131,327	11,671	1,300	11,831	114,645	240	4,196	368	1,256	0	0	4,275	31,152	10,538	42,694	-893
1979	124,507	1,660	1,454	6,767	704	5,613	140,705	11,172	1,800	13,083	125,600	494	4,075	429	1,412	0	0	4,957	29,792	11,429	44,217	-2,835
1980	128,038	2,554	1,809	4,467	776	8,739	146,383	11,160	2,518	13,427	136,829	441	3,062	411	617	0	0	4,671	27,456	13,654	40,558	675
1981	136,863	3,485	1,601	1,762	195	9,230	153,136	11,151	3,318	13,687	144,774	443	4,301	505	781	0	117	5,261	25,111	15,576	42,145	-1,442
1982	144,544	4,293	717	2,735	1,480	9,890	163,659	11,148	4,618	13,786	154,908	429	5,033	328	1,033	0	436	4,990	26,053	16,666	41,391	1,328
1983	159,203	1,592	918	1,605	418	8,728	172,464	11,121	4,618	15,732	171,935	479	3,661	191	851	0	1013	5,392	20,413	17,821	39,179	-945

Note: For a description of figures and discussion of their significance, see Banking and Monetary Statistics, 1941-1970 (Board of Governors of the Federal Reserve System, 1976), pp. 507-23. Components may not sum to totals because of rounding.

1. In 1969 and thereafter, includes securities loaned--fully guaranteed by U.S. government securities pledged with Federal Reserve Banks--and excludes securities sold and scheduled to be bought back under matched sale-purchase transactions. On September 29, 1971, and thereafter, includes federal agency issues bought outright. Return to table

2. On December 1, 1966, and thereafter, includes federal agency obligations held under repurchase agreements. Return to table

3. In 1960 and thereafter, figures reflect a minor change in concept; refer to Federal Reserve Bulletin, vol. 47 (February 1961), p. 164. Return to table

4. Principally acceptances and, until August 21, 1959, industrial loans, the authority for which expired on that date. Return to table

5. For the period before April 16, 1969, includes the total of Federal Reserve capital paid in, surplus, other capital accounts, and other liabilities and accrued dividends, less the sum of bank premises and other assets, and is reported as "Other Federal Reserve accounts;" thereafter, "Other Federal Reserve assets" and "Other Federal Reserve liabilities and capital" are shown separately. Return to table

6. Before January 30, 1934, includes gold held in Federal Reserve Banks and in circulation. Return to table

7. Includes currency and coin (other than gold) issued directly by the Treasury. The largest components are fractional and dollar coins. For details refer to "U.S. Currency and Coin Outstanding and in Circulation," Treasury Bulletin. Return to table

8. Coin and paper currency held by the Treasury, as well as any gold in excess of the gold certificates issued to the Reserve Bank. Return to table

9. In November 1979 and thereafter, includes reserves of member banks, Edge Act corporations, and U.S. agencies and branches of foreign banks. On November 13, 1980, and thereafter, includes reserves of all depository institutions. Return to table

10. Between December 1, 1959, and November 23, 1960, part was allowed as reserves; thereafter, all was allowed. Return to table

11. Estimated through 1958. Before 1929, data were available only on call dates (in 1920 and 1922 the call date was December 29). Since September 12, 1968, the amount has been based on close-of-business figures for the reserve period two weeks before the report date. Return to table

12. For the week ending November 15, 1972, and thereafter, includes $450 million of reserve deficiencies on which Federal Reserve Banks are allowed to waive penalties for a transition period in connection with bank adaptation to Regulation J as amended, effective November 9, 1972. Allowable deficiencies are as follows (beginning with first statement week of quarter, in millions): 1973--Q1, $279; Q2, $172; Q3, $112; Q4, $84; 1974--Q1, $67; Q2, $58. The transition period ended with the second quarter of 1974. Return to table

13. For the period before July 1973, includes certain deposits of domestic nonmember banks and foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System program of credit restraint. As of December 12, 1974, the amount of voluntary nonmember bank and foreign-agency and branch deposits at Federal Reserve Banks that are associated with marginal reserves is no longer reported. However, two amounts are reported: (1) deposits voluntarily held as reserves by agencies and branches of foreign banks operating in the United States and (2) Eurodollar liabilities. Return to table

14. Adjusted to include waivers of penalties for reserve deficiencies, in accordance with change in Board policy, effective November 19, 1975. Return to table

... Not applicable. Return to table