Skip to Content
Release Date: August 26, 2004
Release dates |
Historical data |
About
Current release Other formats:
Screen reader |
ASCII |
PDF (17 KB)
FEDERAL RESERVE STATISTICAL RELEASE
H.3 (502)
Table 1 For Release at 4:30 p.m. Eastern Time
August 26, 2004
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements(1)
Seasonally adjusted unless noted otherwise
Millions of dollars
--------------------------------------------------------------------------------------------------------------------------------------------
Reserves of depository institutions Borrowings of depository institutions from
the Federal Reserve, NSA
-------------------------------------------------- --------------------------------------------------
Date total(2) non- required excess Monetary total primary secondary seasonal
borrowed(3) NSA(4) base(5)
--------------------------------------------------------------------------------------------------------------------------------------------
Month(6)
2003-July 43314 43183 41379 1935 705363 130 21 0 110
Aug. 45581 45252 41814 3767 710239 329 168 15 146
Sep. 44289 44109 42779 1510 712123 181 23 0 158
Oct. 43394 43287 41921 1473 715834 107 13 0 94
Nov. 43034 42966 41544 1489 718967 68 25 0 43
Dec. 42827 42781 41788 1038 720964 46 17 0 29
2004-Jan. 43152 43046 42253 899 722554 106 93 0 13
Feb. 42916 42874 41715 1201 724094 42 28 0 14
Mar. 44612 44561 42854 1758 725672 51 23 0 28
Apr. 45591 45505 43836 1755 728748 86 29 0 57
May 45353 45242 43761 1592 732304 112 9 0 103
June 45902 45722 44068 1833 737797 180 40 0 140
July 45742 45498 44057 1685 745608 245 42 0 203
2 weeks ending(7)
2004-June 23 45340 45157 43407 1933 735872 183 44 0 139
July 7 45611 45388 43663 1947 742927 223 59 0 165
21 45038 44797 43669 1369 745061 242 40 0 203
Aug. 4 46820 46556 44878 1942 748250 264 34 0 230
18p 42426 42183 41077 1348 746095 243 14 0 229
---------------------------------------------------------------------------------------------------------------------------------------------
1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks", associated with regulatory changes in reserve
requirements. (For more information, see Table 3).
2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess
reserves. (Also, see footnote 2 on Table 2 and footnote 2 on Table 3.)
3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total
borrowings of depository institutions from the Federal Reserve.
4. Excess reserves NSA equals unadjusted total reserves (Table 2, column 1) less adjusted required reserves (Table 2, column 3).
5. The seasonally adjusted, break-adjusted monetary base consists of (1) seasonally adjusted, break-adjusted total reserves plus (2)
the seasonally adjusted currency component of the money stock plus (3), for all quarterly reporters on the "Report of Transaction
Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose vault cash exceeds their required reserves, the
seasonally adjusted, break-adjusted difference between current vault cash and the amount applied to satisfy current reserve requirements.
(Also see footnote 3 on Table 2 and footnote 4 on Table 3.)
6. Prorated averages of biweekly averages.
7. Averages of daily figures.
p preliminary
1
H.3 (502)
Table 2
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Not adjusted for changes in reserve requirements(1)
Not seasonally adjusted
Millions of dollars
-------------------------------------------------------------------------------------------------------------------------------------------
Reserves of depository institutions Vault cash(5)
-------------------------------------- --------------------------------------
Reserve used to Net carryover
Date total(2) nonborrowed required Monetary balances total satisfy surplus(7) of reserve
base(3) with F.R. required balances(8)
Banks(4) reserves(6)
-------------------------------------------------------------------------------------------------------------------------------------------
Month(9)
2003-July 43593 43463 41659 717038 12179 42650 31414 11237
Aug. 46105 45776 42338 720544 14142 43019 31963 11056
Sep. 44437 44257 42927 720721 12491 43075 31946 11129
Oct. 43127 43019 41653 724368 11606 43380 31520 11859
Nov. 42651 42582 41161 729473 11525 42598 31126 11472
Dec. 42925 42879 41887 737601 10845 44077 32080 11997
2004-Jan. 45404 45298 44505 736224 11528 46583 33876 12707
Feb. 43778 43736 42577 734833 10819 46429 32959 13470
Mar. 44049 43997 42291 736324 11932 44402 32117 12285
Apr. 45964 45878 44209 740224 14000 42843 31964 10879
May 46300 46188 44707 743748 14080 43050 32220 10830
June 45534 45353 43700 749323 13052 43610 32481 11129
July 46202 45957 44517 756485 12796 44481 33406 11075
2 weeks ending(10)
2004-June 23 45725 45542 43792 747564 13188 43342 32537 10805 103
July 7 45110 44887 43162 754649 12174 45361 32936 12425 93
21 45351 45110 43982 757116 12361 44021 32990 11031 228
Aug. 4 48158 47894 46216 756886 13840 44511 34319 10192 138
18p 42185 41943 40837 755806 9864 45863 32322 13541 365
--------------------------------------------------------------------------------------------------------------------------------------------
1. Reflects actual required reserves, with no adjustments to eliminate the effects of discontinuities, or "breaks", associated with
regulatory changes in reserve requirements.
2. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements.
3. The monetary base, not break-adjusted and not seasonally adjusted, consists of (1) total reserves plus (2) required clearing balances
and adjustments to compensate for float at Federal Reserve Banks plus (3) the currency component of the money stock plus (4), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and Vault Cash" and for all those weekly reporters whose
vault cash exceeds their required reserves, the difference between current vault cash and the amount applied to satisfy current reserve
requirements. Currency and vault cash figures are measured over computation periods ending on Mondays.
4. Excludes required clearing balances and adjustments to compensate for float and includes other off-balance sheet "as-of" adjustments.
5. Vault cash eligible to satisfy reserve requirements. It includes only vault cash held by those banks and thrifts that are not exempt
from reserve requirements. Dates refer to the maintenance periods in which the vault cash can be used to satisfy reserve requirements.
6. All vault cash held during the lagged computation period by "bound" institutions (i.e., those whose required reserves exceed their vault
cash) plus the amount of vault cash applied during the maintenance period by "nonbound" institutions (i.e., those whose vault cash
exceeds their required reserves) to satisfy current reserve requirements.
7. Total vault cash eligible to satisfy reserve requirements, held by depository institutions not exempt from reserve requirements, minus the
amount used to satisfy reserve requirements.
8. Consists of carryover only at depository institutions maintaining reserves on the basis of two-week maintenance periods. Reflects excess (+)
or deficit (-) reserves eligible to be carried forward into the two-week reserve maintenance period ending on the date shown.
9. Prorated averages of biweekly averages.
10. Averages of daily figures.
p preliminary
1
H.3 (502)
Table 3
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements(1)
Not seasonally adjusted
Millions of dollars
---------------------------------------------------------------------------------
Reserves of depository institutions
---------------------------------------
Date total(2) nonborrowed required(3) Monetary base(4)
----------------------------------------------------------------------------------
Month(5)
2003-July 43268 43137 41333 705643
Aug. 45711 45382 41945 709012
Sep. 43982 43802 42472 708982
Oct. 42613 42505 41139 712583
Nov. 42083 42015 40594 717147
Dec. 42431 42385 41392 725188
2004-Jan. 45339 45233 44440 725098
Feb. 43713 43671 42512 723867
Mar. 43942 43891 42184 725523
Apr. 45796 45711 44041 729838
May 46073 45961 44480 733467
June 45265 45085 43432 738783
July 45867 45623 44183 745961
2 weeks ending(6)
2004-June 23 45459 45276 43526 737115
July 7 44817 44594 42869 743613
21 45025 44784 43656 746501
Aug. 4 47781 47517 45839 746850
18p 41816 41573 40467 745044
1. Figures reflect adjustments for discontinuities, or "breaks", associated with
regulatory changes in reserve requirements.
2. Break-adjusted total reserves equal break-adjusted required reserves (Table 3,
column 3) plus excess reserves NSA (Table 1, column 5).
3. To adjust required reserves for discontinuities due to regulatory changes in
in reserve requirements, a multiplicative procedure is used to estimate what
required reserves would have been in past periods had current reserve
requirements been in effect. Break-adjusted required reserves are equal to
break-adjusted required reserves against transactions deposits.
4. The break-adjusted monetary base equals (1) break-adjusted total reserves plus
(2) the (unadjusted) currency component of the money stock plus (3), for all
quarterly reporters on the "Report of Transaction Accounts, Other Deposits and
Vault Cash" and for all those weekly reporters whose vault cash exceeds their
required reserves, the break-adjusted difference between current vault cash and
the amount applied to satisfy current reserve requirements.
5. Prorated averages of biweekly averages.
6. Averages of daily figures.
p preliminary
Note: Current and historical H.3 data are available each week on the Federal Reserve
Board's web site (http://www.federalreserve.gov/). Monthly data are available
back to January 1959, and weekly data are available back to January 1975 for most
series. For information about individual copies or subscriptions, contact
Publications Services at the Federal Reserve Board (phone 202-452-3245,
fax 202-728-5886). For paid electronic access to current and historical data,
call STAT-USA at 1-800-782-8872 or 202-482-1986.
Release dates |
Historical data |
About
Current release Other formats:
Screen reader |
ASCII |
PDF (17 KB)
Statistical releases