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`FEDERAL RESERVE statistical release
  
 H.3 (502)
 Table 1                                                                                                For release at 4:30 p.m. Eastern Time
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE                                                   October 22, 2009
 Adjusted for changes in reserve requirements(1)                                                                                              
 Seasonally adjusted unless noted otherwise
 Millions of dollars
 -----------------------------------------------------------------------------------------------------------------------------------------------
                                             Reserves of depository institutions                             
                      ---------------------------------------------------------------------------------
                                                                                                                              Total borrowings    
      Date                      Total            Nonborrowed           Required            Excess,            Monetary            from the    
                                 (2)                 (3)                                     NSA                base          Federal Reserve,    
                                                                                             (4)                 (5)                NSA     
------------------------------------------------------------------------------------------------------------------------------------------------
 Month(6)
  2008-Sep.                    102763             -187342               42710               60053              905162              290105
                                                                                                                                         
       Oct.                    315495             -332825               47593              267902             1130293              648319
       Nov.                    609933              -88853               50897              559036             1433491              698786
       Dec.                    821025              167460               53628              767397             1651264              653565
                                                                                                                                         
  2009-Jan.                    858400              294903               60166              798233             1703108              563496
       Feb.                    700983              118486               57501              643482             1557485              582497
       Mar.                    779957              167846               55333              724623             1643134              612111
                                                                                                                                         
       Apr.                    881556              323362               57189              824367             1749781              558194
       May                     901287              375839               57211              844076             1770159              525448
       June                    809007              370284               57643              751364             1680619              438722
                                                                                                                                         
       July                    795558              428597               62562              732996             1666239              366961
       Aug.                    829367              497917               63510              765857             1705406              331450
       Sep.                    922762              615935               62688              860074             1801734              306827

 Two weeks ending(7)                                                                                                                           
  2009-Aug. 26                 856258              528611               61713              794545             1734129              327647
                                                                                                                                         
       Sep.  9                 890311              570017               67127              823184             1764195              320295
            23                 914620              607321               60009              854611             1795948              307300
                                                                                                                                         
       Oct.  7                 980767              692203               62339              918428             1861570              288565
            21p               1048173              782945               61368              986805             1928382              265229
------------------------------------------------------------------------------------------------------------------------------------------------  
 1. Reserves and monetary base figures incorporate adjustments for discontinuities, or "breaks," associated with regulatory changes in reserve 
    requirements. (For more information, refer to table 3.)
 2. Seasonally adjusted, break-adjusted total reserves equal seasonally adjusted, break-adjusted required reserves plus unadjusted excess 
    reserves. (Also, refer to footnote 2 in table 2 and footnote 2 in table 3.)
 3. Seasonally adjusted, break-adjusted nonborrowed reserves equal seasonally adjusted, break-adjusted total reserves less unadjusted total
    borrowings from the Federal Reserve.
 4. Excess reserves NSA equals unadjusted total reserves (table 2, column 1) less unadjusted 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, refer to 
    footnote 3 in table 2 and footnote 4 in table 3.)
 6. Prorated averages of biweekly averages.
 7. Averages of daily figures.
 
 p  preliminary
1
   
  
  
  
 H.3 (502)
 Table 1a                                                                                                
 AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE                                                          
 Not seasonally adjusted
 Millions of dollars
 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 
                                                                              Other borrowings from the Federal Reserve(1)                                       
                                                 -------------------------------------------------------------------------------------------------------------- 
      Date                  Total                                                      Primary dealer    Asset-Backed       Credit                             
                          borrowings    Term                                              and other    Commercial Paper   extended to       Term       Other     
                           from the    auction      Primary     Secondary    Seasonal   broker-dealer    Money Market      American     Asset-Backed   credit   
                           Federal     credit                                              credit         Mutual Fund    International   Securities  extensions 
                           Reserve                                                           (2)          Liquidity    Group, Inc., net     Loan                
                                                                                                           Facility          (3)          Facility             
 -------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Month(4)                                                                                                                                                 
  2008-Sep.                 290105       149814        32632           35           87         53473         31877            22187                        0  
                                                                                                                                                              
       Oct.                 648319       244778        94017           38           28        114953        117457            77047                        0  
       Nov.                 698786       393088        95839          117            8         60655         71009            78070                        0  
       Dec.                 653565       438327        88245           52            3         47631         32102            47206                        0  
                                                                                                                                                              
  2009-Jan.                 563496       403523        70436           39            1         33061         17745            38690                        0  
       Feb.                 582497       438822        65463           11            3         26250         13533            38414                        0  
       Mar.                 612111       477049        62513            9            3         20292          7857            43328           1061         0  
                                                                                                                                                              
       Apr.                 558194       444933        47324           45            2         10918          4267            45057           5649         0  
       May                  525448       403970        40124           14           10           701         23347            44915          12367         0  
       June                 438722       316868        37302           21           32             0         18891            43057          22552         0  
                                                                                                                                                              
       July                 366961       255119        34366           66           80             0          6230            43108          27993         0  
       Aug.                 331450       224490        32147          600          110             0           184            40021          33898         0  
       Sep.                 306827       196731        29243          554          111             0            79            39074          41036         0  
                                                                                                                                                               
 Two weeks ending(5)                                                                                                                                           
  2009-Aug. 26              327647       221081        30346          667          121             0           111            39255          36067         0  
                                                                                                                                                              
       Sep.  9              320295       212110        31517          586          110             0            79            38849          37045         0  
            23              307300       196020        28434          569          117             0            79            39269          42813         0  
                                                                                                                                                              
       Oct.  7              288565       178379        27938          482          102             0            79            38973          42614         0  
            21p             265229       155442        25610          446           83             0            22            40578          43049         0  
---------------------------------------------------------------------------------------------------------------------------------------------------------------  
 1. The Federal Reserve Bank of New York (FRBNY) has extended credit to Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and Commercial Paper Funding
    Facility LLC, as discussed in the notes to the Board's H.4.1 statistical release, "Factors Affecting Reserve Balances of Depository Institutions and 
    Condition Statement of Federal Reserve Banks."  Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have
    been consolidated with the assets and liabilities of the FRBNY because the FRBNY is either the sole or primary beneficiary of the LLCs.  As a consequence
    of this consolidation, the extensions of credit from the FRBNY to these LLCs are eliminated from the Federal Reserve's balance sheet, and, thus, the loans
    are not included in borrowed reserves.
 2. Includes credit extended through the Primary Dealer Credit Facility and credit extended to certain other broker-dealers.
 3. Includes outstanding principal and capitalized interest net of unamortized deferred commitment fees and allowance for loan restructuring. Excludes credit 
    extended to consolidated LLCs as described in footnote 1 above.
 4. Prorated averages of biweekly averages.
 5. 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
      Date                Total     Nonborrowed   Required     Monetary      balances       Total       satisfy      Surplus      carryover
                           (2)                                   base       with F.R.                  required        (7)        of reserve
                                                                 (3)          Banks                    reserves                    balances
                                                                               (4)                        (6)                         (8)  
 -------------------------------------------------------------------------------------------------------------------------------------------
 Month(9)                                                                                
  2008-Sep.              102548      -187557         42495       908017        67169        50453        35379         15074
                                                                                                                            
       Oct.              314888      -333431         46986      1132506       278021        51747        36867         14879
       Nov.              609503       -89282         50467      1441062       571079        53052        38424         14628
       Dec.              821302       167736         53904      1663927       783635        53692        37667         16025
                                                                                                                            
  2009-Jan.              860670       297174         62437      1712076       820933        53899        39737         14162
       Feb.              701261       118764         57779      1562247       662244        54385        39017         15368
       Mar.              778125       166014         53502      1646927       740998        50745        37127         13618
                                                                                                                            
       Apr.              881836       323642         57469      1752736       844596        50644        37240         13404
       May               902944       377496         58868      1774877       865427        51390        37517         13873
       June              809853       371131         58489      1684029       772066        52343        37787         14556
                                                                                                                            
       July              796543       429581         63546      1673102       758883        51723        37660         14064
       Aug.              828786       497336         62929      1706211       790765        51985        38021         13964
       Sep.              922620       615794         62547      1800156       884160        52086        38461         13625

 Two weeks ending(10)                                                                                                                    
  2009-Aug. 26           858688       531041         64143      1735087       820245        51895        38443         13453         1858
                                                                                                                                         
       Sep.  9           886635       566340         63450      1763252       848300        51364        38335         13029         2118
            23           916573       609274         61962      1794860       878503        52142        38070         14071         1823
                                                                                                                                         
       Oct.  7           980983       692418         62554      1858198       941580        52903        39403         13499         2021
            21p         1046552       781324         59747      1927481      1007849        54237        38704         15533         2024
--------------------------------------------------------------------------------------------------------------------------------------------   
 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             Nonborrowed            Required            Monetary
                                      (2)                                        (3)                base
                                                                                                    (4) 
 ----------------------------------------------------------------------------------------------------------
 Month(5)
  2008-Sep.                         102487              -187618                42434               900637
                                                                                                         
       Oct.                         314813              -333507                46911              1125953
       Nov.                         609413               -89372                50377              1435231
       Dec.                         821211               167645                53813              1659314
                                                                                                         
  2009-Jan.                         860637               297141                62404              1707643
       Feb.                         701258               118761                57776              1557791
       Mar.                         778120               166009                53497              1642469
                                                                                                         
       Apr.                         881815               323621                57448              1748338
       May                          902909               377461                58833              1770551
       June                         809816               371094                58452              1679796
                                                                                                         
       July                         796488               429526                63491              1668374
       Aug.                         828714               497264                62856              1701430
       Sep.                         922547               615720                62473              1796282

 Two weeks ending(6)                                                       
  2009-Aug. 26                      858615               530968                64070              1730414
                                                                                                         
       Sep.  9                      886559               566265                63375              1759117
            23                      916501               609201                61890              1790944
                                                                                                         
       Oct.  7                      980908               692343                62480              1854740
            21p                    1046463               781234                59658              1924017
 ----------------------------------------------------------------------------------------------------------
 Note: Current and historical H.3 data are available each week on the Federal Reserve Board's website
       (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. 

 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 4).
 3. To adjust required reserves for discontinuities due to regulatory changes 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`

Statistical releases

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