THIS FILE CONTAINS THE DATA USED IN THE CHARTS AND PROGRAMS FOR DAN THORNTON'S JAN/FEB 1994 REVIEW ARTICLE "FINANCIAL INNOVATION, DEREGULATION AND THE 'CREDIT VIEW' OF MONETARY POLICY" THE FOLLOWING IS THE RAW DATA USED FOR FIGURES 3 AND 4. THE SOURCE OF THE DATA IS THE BOARD OF GOVERNORS, FLOW OF FUNDS. IMMEDIATELY FOLLOWING ARE THE FORMULAS USED TO COMPUTE THE QUANTITIES CHARTED, AND THE ACTUAL VALUES CHARTED FOR FIGURE 3 AND THEN FOR FIGURE 4. (MILLIONS $) TOTAL CREDIT DOMESTIC ISSUED BY CREDIT NON-FIN. PRIVATE ISSUED BY CREDIT SECTOR FINANCIAL COMMERC. ISSUED BY DATE CREDIT INTERMED. BANKS THRIFTS (TDNFSC) (CIPFI) (CICB) (CITH) 01JAN50 403127 248134 125609 37436 01JAN51 427160 264264 132838 40359 01JAN52 458827 287569 141401 45154 01JAN53 488172 307431 145228 50919 01JAN54 513290 332683 154921 57155 01JAN55 549055 357182 159191 65212 01JAN56 575763 379251 164762 72583 01JAN57 602289 402523 170053 79861 01JAN58 639822 435206 184962 88631 01JAN59 689965 463844 189696 98952 01JAN60 724132 497744 199695 108654 01JAN61 767166 537083 215909 120260 01JAN62 819237 584815 235230 133873 01JAN63 874503 634368 252759 150859 01JAN64 937601 692364 276102 167358 01JAN65 1005788 754524 305066 181773 01JAN66 1072568 802497 323110 191053 01JAN67 1148932 865673 359838 205177 01JAN68 1241615 940277 398738 220644 01JAN69 1331123 999233 418349 235286 01JAN70 1422872 1077106 455336 252267 01JAN71 1558665 1185572 506505 289380 01JAN72 1714784 1339236 575730 334562 01JAN73 1899209 1510878 662361 371587 01JAN74 2069341 1651187 737528 396421 01JAN75 2253537 1782096 768797 447351 01JAN76 2498153 1985517 833225 516965 01JAN77 2823132 2241708 924639 595813 01JAN78 3199213 2544561 1052600 668210 01JAN79 3578854 2855284 1181845 724345 01JAN80 3935488 3164658 1289880 775670 01JAN81 4318833 3498848 1398222 803728 01JAN82 4714616 3769336 1482863 813990 01JAN83 5270867 4177079 1626148 948789 01JAN84 6034475 4792309 1799740 1102902 01JAN85 6934518 5360835 1989125 1195121 01JAN86 7816773 6154381 2183884 1303507 01JAN87 8549197 6677354 2319156 1451226 01JAN88 9316309 7238386 2476302 1571987 01JAN89 10087122 7823613 2643939 1484926 01JAN90 10760750 8243418 2769347 1335517 01JAN91 11222949 8715037 2853307 1190659 01JAN92 11801265 9158120 2945241 1128959 EXACT DATA FOR FIGURE 3 INTERMEDIATED CREDIT = (CIPFI/TDNFSC)*100 BANKS CREDIT = ((CICB+CITH)/CIPFI)*100 INTERMEDIATED YEAR CREDIT BANKS CREDIT 1950 61.552314779 65.708447855 1951 61.865343197 65.539384858 1952 62.674820793 64.873126102 1953 62.975959293 63.801958814 1954 64.813847922 63.74717073 1955 65.053956343 62.825954275 1956 65.869289968 62.582564054 1957 66.832201817 62.08688696 1958 68.019855522 62.865171896 1959 67.22717819 62.229542691 1960 68.736639176 61.949315311 1961 70.008707372 62.591629227 1962 71.385325614 63.114489197 1963 72.540402949 63.625214387 1964 73.844204518 64.050123923 1965 75.018194689 64.522665946 1966 74.820151263 64.070395279 1967 75.345886441 65.268871733 1968 75.730157899 65.872290825 1969 75.066917182 65.413672287 1970 75.699430448 65.69483412 1971 76.063297758 67.130887032 1972 78.099399108 67.970992417 1973 79.553013913 68.433586299 1974 79.792890587 68.674777599 1975 79.079952981 68.242563812 1976 79.47939938 68.00193602 1977 79.405001254 67.825604405 1978 79.537092404 67.626989489 1979 79.782075491 66.760084111 1980 80.413356615 65.269296082 1981 81.013736813 62.933571278 1982 79.950010775 60.935215115 1983 79.248423457 61.644441008 1984 79.415508391 60.568757148 1985 77.306526568 59.398321344 1986 78.73301425 56.665178838 1987 78.105043082 56.465210621 1988 77.69585573 55.928061864 1989 77.560408212 52.774402313 1990 76.606351788 49.795655152 1991 77.653716505 46.402166738 1992 77.60286715 44.487296519 EXACT DATA FOR FIGURE 4 BANKS = (CICB/CIPFI)*100 THRIFTS = (CICTH/CIPFI)*100 YEAR BANKS THRIFTS 1950 50.621438416 15.087009438 1951 50.267157085 15.272227772 1952 49.171155444 15.701970657 1953 47.239217906 16.562740908 1954 46.567152515 17.180018216 1955 44.568595282 18.257358993 1956 43.444051565 19.138512489 1957 42.246778445 19.840108516 1958 42.499873623 20.365298273 1959 40.896508309 21.333034382 1960 40.120021537 21.829293774 1961 40.200304236 22.391324991 1962 40.222976497 22.891512701 1963 39.844222912 23.780991475 1964 39.878156577 24.171967347 1965 40.431583356 24.09108259 1966 40.263078865 23.807316414 1967 41.567427886 23.701443848 1968 42.406439804 23.46585102 1969 41.867011998 23.546660288 1970 42.274019456 23.420814664 1971 42.722415847 24.408471185 1972 42.989435768 24.981556649 1973 43.839476119 24.59411018 1974 44.666533833 24.008243766 1975 43.140044083 25.10251973 1976 41.965140565 26.036795454 1977 41.24707589 26.578528515 1978 41.366664034 26.260325455 1979 41.391504313 25.368579798 1980 40.75890665 24.510389432 1981 39.962353323 22.971217955 1982 39.340164952 21.595050163 1983 38.93026682 22.714174187 1984 37.554757008 23.014000141 1985 37.104760732 22.293560611 1986 35.485030907 21.18014793 1987 34.731661673 21.733548948 1988 34.210692826 21.717369038 1989 33.794347957 18.980054356 1990 33.594644843 16.201010309 1991 32.740044592 13.662122146 1992 32.159886527 12.327409992 THE FOLLOWING SETS OF DATA ARE FOR USE IN TABLES 1 & 2 DATA FOR COMMERCIAL BANKS REFERRED TO AS "CBASST" IN CORRESPONDING PROGRAM FILE FOR ARTICLE SOURCE: BOARD OF GOVERNORS, FLOW OF FUNDS (MILLIONS $) DATE TOTAL CHECKABLE SMALL TIME LARGE TIME LOANS DEPOSITS DEPOSITS DEPOSITS (TLCB) (CDCB) (STDCB) (LTDCB) 01JAN59 99183 115427 57702 8982 01APR59 105048 116368 59026 8594 01JUL59 108684 118456 59934 7829 01OCT59 112616 121810 60236 7305 01JAN60 111717 115276 60268 7233 01APR60 115337 117710 61326 7691 01JUL60 115952 119776 62726 8485 01OCT60 118980 123722 62504 10832 01JAN61 116391 117591 65070 11163 01APR61 119473 119271 67306 12358 01JUL61 120724 123221 68058 13452 01OCT61 126277 128746 69471 13239 01JAN62 124912 121985 73020 15268 01APR62 129938 124344 76436 15907 01JUL62 133312 124443 79275 15279 01OCT62 139972 133317 82207 16073 01JAN63 138207 125274 84848 17847 01APR63 145508 129328 88043 18129 01JUL63 149015 128528 90169 18437 01OCT63 156840 135577 92671 19956 01JAN64 156062 129182 94706 21703 01APR64 165134 133235 97647 22261 01JUL64 167552 134858 99882 22833 01OCT64 175678 141532 102468 24696 01JAN65 178192 134683 106906 26699 01APR65 189037 139612 109851 28093 01JUL65 191371 137153 113170 29389 01OCT65 202309 146990 116662 30535 01JAN66 201798 139126 119887 31878 01APR66 214801 145591 124214 32481 01JUL66 213765 138974 125920 32928 01OCT66 220841 148597 127701 32820 01JAN67 217761 141810 133800 35939 01APR67 226082 144371 139383 36485 01JUL67 227997 148650 143702 36964 01OCT67 238530 160572 145762 38622 01JAN68 234694 150422 150491 39476 01APR68 246535 154770 153466 37750 01JUL68 252196 159770 157357 41371 01OCT68 266085 172726 159676 45208 01JAN69 264046 158051 162934 40702 01APR69 278561 164970 163489 37898 01JUL69 275442 161884 164239 31191 01OCT69 287972 177372 165771 29453 01JAN70 278116 160688 167275 30274 01APR70 286197 168108 171742 33744 01JUL70 291057 167348 174088 47421 01OCT70 300369 182498 179924 52562 01JAN71 295832 167915 191411 57436 01APR71 308994 178626 198473 57035 01JUL71 315250 176425 201959 61119 01OCT71 330213 195471 208493 64972 01JAN72 332418 189445 217888 65871 01APR72 351754 194532 222105 71649 01JUL72 362664 198483 226997 77669 01OCT72 387455 218373 232997 82110 01JAN73 401832 204024 239950 94371 01APR73 426696 209270 244059 101253 01JUL73 440085 204901 239702 120075 01OCT73 458385 230851 245620 119165 01JAN74 462596 210594 254777 124418 01APR74 490754 211926 256302 141724 01JUL74 499810 209527 255244 154439 01OCT74 508870 229526 263701 157390 01JAN75 490393 209558 274177 155745 01APR75 495032 222066 286136 146813 01JUL75 490513 217727 294493 144288 01OCT75 504705 236537 303497 144070 01JAN76 496407 219247 320985 134788 01APR76 511906 229736 328982 133674 01JUL76 517437 225169 340190 128177 01OCT76 544156 247535 357988 128428 01JAN77 546268 233691 375100 127079 01APR77 570699 240773 381037 128323 01JUL77 592541 240175 385580 136017 01OCT77 620033 268987 386098 152191 01JAN78 627512 244566 394590 162524 01APR78 663105 260119 397627 170369 01JUL78 686341 259553 402105 178999 01OCT78 715980 291901 399330 194326 01JAN79 722700 258049 406099 195291 01APR79 757427 282242 412702 186235 01JUL79 785561 292789 422077 197548 01OCT79 804616 317512 428780 204489 01JAN80 806236 292131 443457 211104 01APR80 798450 306173 455261 205416 01JUL80 814951 316860 463205 212499 01OCT80 848886 328203 473608 243818 01JAN81 842560 311364 481911 246058 01APR81 875937 321479 486743 261197 01JUL81 897590 322757 495741 278657 01OCT81 923196 342971 513678 287742 01JAN82 928320 322888 537161 290642 01APR82 954008 323304 548582 303634 01JUL82 972339 338195 563007 311541 01OCT82 991587 363860 611446 289554 01JAN83 987926 349665 683472 249138 01APR83 1008067 369389 701721 241019 01JUL83 1027298 366074 718096 243688 01OCT83 1073859 379434 742247 250842 01JAN84 1098241 373557 755560 253363 01APR84 1147455 376117 774366 270710 01JUL84 1173827 378488 786852 281874 01OCT84 1222941 409662 816830 284743 01JAN85 1233121 380133 841824 284419 01APR85 1269199 407789 866276 277015 01JUL85 1303463 423353 879121 284344 01OCT85 1342277 461438 897178 295592 01JAN86 1355517 437932 911942 294263 01APR86 1383706 478563 931531 283768 01JUL86 1399097 478388 950062 286929 01OCT86 1473765 554634 968728 289022 01JAN87 1445966 483616 969983 292323 01APR87 1488063 520554 976268 303703 01JUL87 1517853 517793 981071 309530 01OCT87 1554373 535501 996081 326675 01JAN88 1567901 516134 1021039 331736 01APR88 1609445 538530 1037328 331954 01JUL88 1641413 525661 1049311 353952 01OCT88 1673989 551321 1069216 361884 01JAN89 1686917 499973 1089697 377726 01APR89 1737764 525092 1105635 380265 01JUL89 1773134 510532 1130524 384075 01OCT89 1810840 547788 1165680 385843 01JAN90 1808214 509271 1193454 383786 01APR90 1836998 533402 1231091 377810 01JUL90 1853170 530537 1260881 373772 01OCT90 1862770 569485 1287534 365367 01JAN91 1848932 532491 1320761 351437 01APR91 1849188 552528 1338145 330166 01JUL91 1831183 571038 1361135 315742 01OCT91 1821931 607118 1367484 292268 01JAN92 1831564 591504 1378868 273332 01APR92 1825103 623372 1371212 251694 01JUL92 1830816 642624 1369168 238646 01OCT92 1842416 700091 1369589 216094 01JAN93 1827241 660179 1368945 212376 CONTINUATION OF DATA FOR TABLES 1 & 2 DATA FOR THRIFTS REFERRED TO AS "CBASST" IN CORRESPONDING PROGRAM FILE FOR ARTICLE SOURCE: BOARD OF GOVERNORS, FLOW OF FUNDS (MILLIONS $) THRIFTS INCLUDE: SAVINGS AND LOAN INSTUTITIONS, MUTUAL SAVINGS BANKS, FEDERAL SAVINGS BANKS, AND CREDIT UNIONS. CONSUMER CREDIT NOT OTHER TOTAL INSTALLMENT ELSEWHERE LOANS TO DATE MORTGAGES CREDIT CLASSIFIED BUSINESS DEPOSITS (MTH) (CICTH) (CINTH) (OLTH) (DEPTH) 01JAN59 99183 115427 57702 8982 69722 01APR59 105048 116368 59026 8594 72201 01JUL59 108684 118456 59934 7829 74970 01OCT59 112616 121810 60236 7305 77185 01JAN60 111717 115276 60268 7233 78929 01APR60 115337 117710 61326 7691 81198 01JUL60 115952 119776 62726 8485 83869 01OCT60 118980 123722 62504 10832 86196 01JAN61 116391 117591 65070 11163 88169 01APR61 119473 119271 67306 12358 90926 01JUL61 120724 123221 68058 13452 93920 01OCT61 126277 128746 69471 13239 96836 01JAN62 124912 121985 73020 15268 99326 01APR62 129938 124344 76436 15907 102625 01JUL62 133312 124443 79275 15279 106174 01OCT62 139972 133317 82207 16073 109546 01JAN63 138207 125274 84848 17847 112792 01APR63 145508 129328 88043 18129 116881 01JUL63 149015 128528 90169 18437 121161 01OCT63 156840 135577 92671 19956 125142 01JAN64 156062 129182 94706 21703 128396 01APR64 165134 133235 97647 22261 132342 01JUL64 167552 134858 99882 22833 136524 01OCT64 175678 141532 102468 24696 140197 01JAN65 178192 134683 106906 26699 143070 01APR65 189037 139612 109851 28093 146469 01JUL65 191371 137153 113170 29389 150134 01OCT65 202309 146990 116662 30535 153305 01JAN66 201798 139126 119887 31878 156079 01APR66 214801 145591 124214 32481 158322 01JUL66 213765 138974 125920 32928 159963 01OCT66 220841 148597 127701 32820 161126 01JAN67 217761 141810 133800 35939 162161 01APR67 226082 144371 139383 36485 164529 01JUL67 227997 148650 143702 36964 167737 01OCT67 238530 160572 145762 38622 170706 01JAN68 234694 150422 150491 39476 172932 01APR68 246535 154770 153466 37750 175792 01JUL68 252196 159770 157357 41371 179082 01OCT68 266085 172726 159676 45208 182517 01JAN69 264046 158051 162934 40702 185263 01APR69 278561 164970 163489 37898 188820 01JUL69 275442 161884 164239 31191 192586 01OCT69 287972 177372 165771 29453 194779 01JAN70 278116 160688 167275 30274 195750 01APR70 286197 168108 171742 33744 198276 01JUL70 291057 167348 174088 47421 201878 01OCT70 300369 182498 179924 52562 206001 01JAN71 295832 167915 191411 57436 210163 01APR71 308994 178626 198473 57035 216879 01JUL71 315250 176425 201959 61119 224645 01OCT71 330213 195471 208493 64972 232046 01JAN72 332418 189445 217888 65871 238814 01APR72 351754 194532 222105 71649 248241 01JUL72 362664 198483 226997 77669 258489 01OCT72 387455 218373 232997 82110 268529 01JAN73 401832 204024 239950 94371 276703 01APR73 426696 209270 244059 101253 287486 01JUL73 440085 204901 239702 120075 296201 01OCT73 458385 230851 245620 119165 301737 01JAN74 462596 210594 254777 124418 307052 01APR74 490754 211926 256302 141724 314046 01JUL74 499810 209527 255244 154439 319646 01OCT74 508870 229526 263701 157390 322490 01JAN75 490393 209558 274177 155745 325935 01APR75 495032 222066 286136 146813 334426 01JUL75 490513 217727 294493 144288 343823 01OCT75 504705 236537 303497 144070 352704 01JAN76 496407 219247 320985 134788 360929 01APR76 511906 229736 328982 133674 373927 01JUL76 517437 225169 340190 128177 387692 01OCT76 544156 247535 357988 128428 400304 01JAN77 546268 233691 375100 127079 411077 01APR77 570699 240773 381037 128323 428202 01JUL77 592541 240175 385580 136017 445877 01OCT77 620033 268987 386098 152191 462246 01JAN78 627512 244566 394590 162524 474726 01APR78 663105 260119 397627 170369 490926 01JUL78 686341 259553 402105 178999 506329 01OCT78 715980 291901 399330 194326 520594 01JAN79 722700 258049 406099 195291 530627 01APR79 757427 282242 412702 186235 545615 01JUL79 785561 292789 422077 197548 559061 01OCT79 804616 317512 428780 204489 568987 01JAN80 806236 292131 443457 211104 574456 01APR80 798450 306173 455261 205416 577949 01JUL80 814951 316860 463205 212499 587642 01OCT80 848886 328203 473608 243818 598949 01JAN81 842560 311364 481911 246058 604285 01APR81 875937 321479 486743 261197 611936 01JUL81 897590 322757 495741 278657 616287 01OCT81 923196 342971 513678 287742 616605 01JAN82 928320 322888 537161 290642 611564 01APR82 954008 323304 548582 303634 607123 01JUL82 972339 338195 563007 311541 593754 01OCT82 991587 363860 611446 289554 580571 01JAN83 987926 349665 683472 249138 583519 01APR83 1008067 369389 701721 241019 595452 01JUL83 1027298 366074 718096 243688 615247 01OCT83 1073859 379434 742247 250842 633758 01JAN84 1098241 373557 755560 253363 650187 01APR84 1147455 376117 774366 270710 679665 01JUL84 1173827 378488 786852 281874 704879 01OCT84 1222941 409662 816830 284743 718930 01JAN85 1233121 380133 841824 284419 730049 01APR85 1269199 407789 866276 277015 745531 01JUL85 1303463 423353 879121 284344 764163 01OCT85 1342277 461438 897178 295592 777433 01JAN86 1355517 437932 911942 294263 780432 01APR86 1383706 478563 931531 283768 787666 01JUL86 1399097 478388 950062 286929 795845 01OCT86 1473765 554634 968728 289022 803553 01JAN87 1445966 483616 969983 292323 818044 01APR87 1488063 520554 976268 303703 837284 01JUL87 1517853 517793 981071 309530 856116 01OCT87 1554373 535501 996081 326675 879904 01JAN88 1567901 516134 1021039 331736 902656 01APR88 1609445 538530 1037328 331954 925340 01JUL88 1641413 525661 1049311 353952 943004 01OCT88 1673989 551321 1069216 361884 962897 01JAN89 1686917 499973 1089697 377726 978313 01APR89 1737764 525092 1105635 380265 985057 01JUL89 1773134 510532 1130524 384075 980662 01OCT89 1810840 547788 1165680 385843 957600 01JAN90 1808214 509271 1193454 383786 959045 01APR90 1836998 533402 1231091 377810 927295 01JUL90 1853170 530537 1260881 373772 904037 01OCT90 1862770 569485 1287534 365367 872933 01JAN91 1848932 532491 1320761 351437 846589 01APR91 1849188 552528 1338145 330166 825610 01JUL91 1831183 571038 1361135 315742 792608 01OCT91 1821931 607118 1367484 292268 780798 01JAN92 1831564 591504 1378868 273332 757280 01APR92 1825103 623372 1371212 251694 734527 01JUL92 1830816 642624 1369168 238646 721976 01OCT92 1842416 700091 1369589 216094 700973 01JAN93 1827241 660179 1368945 212376 692855 CONTINUATION OF DATA FOR TABLES 1 & 2 PRIVATE DOMESTIC CHECKABLE DEPOSITS OF COM. BANKS REFERRED TO AS "PDLCB" IN CORRESPONDING PROGRAM FILE FOR ARTICLE SOURCE: BOARD OF GOVERNORS, FLOW OF FUNDS (MILLIONS $) DATE PDLCB 01JAN59 110415 01APR59 110362 01JUL59 110837 01OCT59 115235 01JAN60 109780 01APR60 109326 01JUL60 110951 01OCT60 116128 01JAN61 111325 01APR61 110907 01JUL61 113335 01OCT61 120214 01JAN62 112841 01APR62 111976 01JUL62 113989 01OCT62 123419 01JAN63 115474 01APR63 115464 01JUL63 116892 01OCT63 125965 01JAN64 118153 01APR64 119494 01JUL64 121978 01OCT64 131125 01JAN65 122508 01APR65 124076 01JUL65 125843 01OCT65 137400 01JAN66 130056 01APR66 130797 01JUL66 128949 01OCT66 139354 01JAN67 132140 01APR67 135153 01JUL67 137328 01OCT67 150776 01JAN68 140622 01APR68 145398 01JUL68 146130 01OCT68 162880 01JAN69 147716 01APR69 154517 01JUL69 149274 01OCT69 167113 01JAN70 149323 01APR70 154794 01JUL70 153378 01OCT70 168831 01JAN71 157970 01APR71 165116 01JUL71 162330 01OCT71 180069 01JAN72 175125 01APR72 179492 01JUL72 182720 01OCT72 201163 01JAN73 186561 01APR73 192160 01JUL73 189780 01OCT73 212423 01JAN74 192963 01APR74 194085 01JUL74 192592 01OCT74 214085 01JAN75 196496 01APR75 209061 01JUL75 204875 01OCT75 223247 01JAN76 207148 01APR76 215218 01JUL76 208861 01OCT76 232655 01JAN77 219106 01APR77 226528 01JUL77 223666 01OCT77 248139 01JAN78 228477 01APR78 239304 01JUL78 239426 01OCT78 264341 01JAN79 242359 01APR79 252692 01JUL79 258593 01OCT79 285996 01JAN80 267570 01APR80 273772 01JUL80 281593 01OCT80 299413 01JAN81 285974 01APR81 287266 01JUL81 286212 01OCT81 318317 01JAN82 298167 01APR82 299619 01JUL82 305889 01OCT82 335391 01JAN83 322770 01APR83 334399 01JUL83 331096 01OCT83 355067 01JAN84 347832 01APR84 351187 01JUL84 340822 01OCT84 378180 01JAN85 352460 01APR85 368759 01JUL85 391097 01OCT85 419673 01JAN86 410225 01APR86 437080 01JUL86 433939 01OCT86 508449 01JAN87 457837 01APR87 472122 01JUL87 469537 01OCT87 496652 01JAN88 476629 01APR88 488796 01JUL88 475350 01OCT88 505684 01JAN89 469561 01APR89 475307 01JUL89 463965 01OCT89 505079 01JAN90 477267 01APR90 485995 01JUL90 477099 01OCT90 521834 01JAN91 490848 01APR91 502559 01JUL91 517764 01OCT91 556176 01JAN92 561056 01APR92 571670 01JUL92 587761 01OCT92 653279 01JAN93 625954 01APR93 651389 CONTINUATION OF DATA USED IN TABLES 1 & 2 REFERRED TO AS "NBRTRNSL" IN CORRESPONDING PROGRAM FILE FOR ARTICLE NBRNSL = NON-BORROWED RESERVES(14-DAY AVG), ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS, NOT SEASONALLY ADJUSTED TRNSL = TOTAL RESERVES(14-DAY AVG), ADJUSTED FOR CHANGES IN RESERVE REQUIREMENTS, NOT SEASONALLY ADJUSTED (MILLIONS $) DATE NBRNSL TRNSL 01JAN59 10711 11263 01FEB59 10563 11068 01MAR59 10365 10965 01APR59 10420 11112 01MAY59 10273 11014 01JUN59 10005 10935 01JUL59 10132 11094 01AUG59 10056 11047 01SEP59 10143 11069 01OCT59 10157 11064 01NOV59 10233 11092 01DEC59 10402 11343 01JAN60 10384 11271 01FEB60 10017 10827 01MAR60 10044 10685 01APR60 10131 10737 01MAY60 10299 10795 01JUN60 10422 10857 01JUL60 10604 10983 01AUG60 10668 10964 01SEP60 10879 11094 01OCT60 11058 11226 01NOV60 11204 11337 01DEC60 11406 11480 01JAN61 11445 11510 01FEB61 11039 11172 01MAR61 10935 11005 01APR61 10992 11049 01MAY61 10882 10977 01JUN61 11012 11075 01JUL61 11057 11111 01AUG61 11079 11144 01SEP61 11201 11238 01OCT61 11357 11427 01NOV61 11430 11528 01DEC61 11604 11738 01JAN62 11595 11682 01FEB62 11169 11236 01MAR62 11070 11159 01APR62 11169 11241 01MAY62 11237 11298 01JUN62 11212 11314 01JUL62 11304 11395 01AUG62 11137 11261 01SEP62 11271 11352 01OCT62 11410 11473 01NOV62 11404 11525 01DEC62 11571 11831 01JAN63 11615 11761 01FEB63 11229 11394 01MAR63 11169 11317 01APR63 11227 11357 01MAY63 11141 11352 01JUN63 11152 11410 01JUL63 11252 11550 01AUG63 10999 11328 01SEP63 11164 11482 01OCT63 11144 11464 01NOV63 11219 11567 01DEC63 11609 11942 01JAN64 11590 11865 01FEB64 11172 11458 01MAR64 11215 11492 01APR64 11261 11472 01MAY64 11175 11436 01JUN64 11358 11626 01JUL64 11409 11673 01AUG64 11309 11624 01SEP64 11501 11847 01OCT64 11555 11876 01NOV64 11571 11972 01DEC64 11968 12232 01JAN65 11892 12192 01FEB65 11439 11844 01MAR65 11423 11835 01APR65 11486 11957 01MAY65 11415 11910 01JUN65 11521 12058 01JUL65 11597 12125 01AUG65 11354 11901 01SEP65 11448 12002 01OCT65 11608 12096 01NOV65 11614 12046 01DEC65 12120 12563 01JAN66 12146 12566 01FEB66 11660 12141 01MAR66 11535 12095 01APR66 11653 12289 01MAY66 11516 12203 01JUN66 11565 12272 01JUL66 11677 12418 01AUG66 11252 11988 01SEP66 11373 12142 01OCT66 11466 12200 01NOV66 11553 12161 01DEC66 11965 12497 01JAN67 12200 12610 01FEB67 11871 12234 01MAR67 12174 12374 01APR67 12327 12473 01MAY67 12252 12342 01JUN67 12300 12406 01JUL67 12607 12722 01AUG67 12412 12492 01SEP67 12657 12746 01OCT67 12925 13053 01NOV67 12910 13041 01DEC67 13212 13440 01JAN68 13294 13540 01FEB68 12814 13186 01MAR68 12457 13117 01APR68 12479 13164 01MAY68 12303 13044 01JUN68 12507 13201 01JUL68 12860 13387 01AUG68 12685 13250 01SEP68 12742 13245 01OCT68 13103 13546 01NOV68 13037 13582 01DEC68 13099 13845 01JAN69 13630 14366 01FEB69 13077 13913 01MAR69 12646 13548 01APR69 12561 13565 01MAY69 12520 13895 01JUN69 12185 13570 01JUL69 12256 13508 01AUG69 12339 13557 01SEP69 12542 13621 01OCT69 12672 13822 01NOV69 12890 14092 01DEC69 13212 14330 01JAN70 13847 14807 01FEB70 13165 14245 01MAR70 13037 13934 01APR70 13390 14236 01MAY70 13057 14024 01JUN70 12937 13818 01JUL70 12738 14098 01AUG70 13204 14041 01SEP70 13601 14201 01OCT70 13871 14334 01NOV70 13921 14336 01DEC70 14330 14663 01JAN71 14969 15333 01FEB71 14566 14898 01MAR71 14310 14628 01APR71 14549 14702 01MAY71 14688 14972 01JUN71 14261 14753 01JUL71 14202 15025 01AUG71 14094 14904 01SEP71 14574 15069 01OCT71 14651 15008 01NOV71 14680 15064 01DEC71 15129 15255 01JAN72 16143 16164 01FEB72 15439 15472 01MAR72 15284 15382 01APR72 15688 15806 01MAY72 15778 15890 01JUN72 15545 15645 01JUL72 15718 15956 01AUG72 15474 15862 01SEP72 15202 15744 01OCT72 15600 16155 01NOV72 15776 16384 01DEC72 15793 16843 01JAN73 16634 17794 01FEB73 15234 16828 01MAR73 14894 16718 01APR73 15127 16838 01MAY73 14903 16745 01JUN73 14603 16454 01JUL73 15139 17091 01AUG73 14377 16542 01SEP73 14597 16449 01OCT73 15382 16858 01NOV73 15443 16836 01DEC73 15944 17242 01JAN74 17239 18290 01FEB74 15964 17155 01MAR74 15539 16853 01APR74 15643 17380 01MAY74 14765 17355 01JUN74 14043 17050 01JUL74 14279 17580 01AUG74 13732 17068 01SEP74 13764 17046 01OCT74 15407 17220 01NOV74 16069 17321 01DEC74 17041 17768 01JAN75 17898 18296 01FEB75 17124 17271 01MAR75 17049 17155 01APR75 17441 17552 01MAY75 17245 17311 01JUN75 17186 17413 01JUL75 17421 17722 01AUG75 17193 17404 01SEP75 17140 17536 01OCT75 17293 17484 01NOV75 17744 17804 01DEC75 17958 18088 01JAN76 18588 18666 01FEB76 17686 17766 01MAR76 17471 17524 01APR76 17697 17741 01MAY76 17724 17839 01JUN76 17509 17636 01JUL76 17802 17934 01AUG76 17711 17811 01SEP76 17675 17737 01OCT76 17939 18033 01NOV76 18268 18340 01DEC76 18626 18679 01JAN77 19470 19538 01FEB77 18182 18253 01MAR77 17877 17981 01APR77 18400 18473 01MAY77 18229 18436 01JUN77 17855 18117 01JUL77 18506 18829 01AUG77 17604 18664 01SEP77 17990 18615 01OCT77 17666 18971 01NOV77 18179 19041 01DEC77 18768 19337 01JAN78 20014 20498 01FEB78 19075 19481 01MAR78 18478 18806 01APR78 18815 19372 01MAY78 18232 19443 01JUN78 18361 19455 01JUL78 18878 20196 01AUG78 18499 19639 01SEP78 18679 19739 01OCT78 18875 20152 01NOV78 19211 19914 01DEC78 19280 20148 01JAN79 20112 21115 01FEB79 18327 19300 01MAR79 17941 18932 01APR79 18557 19475 01MAY79 17557 19322 01JUN79 17966 19384 01JUL79 18848 20019 01AUG79 18612 19698 01SEP79 18431 19771 01OCT79 18415 20437 01NOV79 18551 20457 01DEC79 19727 21200 01JAN80 20826 22068 01FEB80 18853 20508 01MAR80 17354 20178 01APR80 18152 20607 01MAY80 19176 20195 01JUN80 19762 20142 01JUL80 20385 20780 01AUG80 20012 20670 01SEP80 19678 20990 01OCT80 19867 21177 01NOV80 20167 22227 01DEC80 20868 22558 01JAN81 21699 23094 01FEB81 20379 21682 01MAR81 20572 21571 01APR81 20847 22184 01MAY81 19979 22202 01JUN81 19836 21874 01JUL81 20592 22271 01AUG81 20567 21987 01SEP81 20780 22237 01OCT81 21099 22280 01NOV81 21752 22415 01DEC81 22362 22999 01JAN82 22559 24077 01FEB82 20590 22379 01MAR82 20439 21994 01APR82 20787 22355 01MAY82 21087 22205 01JUN82 20736 21941 01JUL82 21414 22105 01AUG82 21469 21985 01SEP82 21500 22433 01OCT82 22382 22859 01NOV82 22795 23415 01DEC82 23513 24147 01JAN83 24066 24595 01FEB83 23154 23737 01MAR83 23155 23947 01APR83 23914 24923 01MAY83 23729 24682 01JUN83 23187 24823 01JUL83 23802 25255 01AUG83 23440 24986 01SEP83 23708 25149 01OCT83 24559 25403 01NOV83 24546 25451 01DEC83 25140 25914 01JAN84 26211 26926 01FEB84 24835 25402 01MAR84 24502 25454 01APR84 24923 26157 01MAY84 22496 25485 01JUN84 22898 26199 01JUL84 20138 26062 01AUG84 17853 25869 01SEP84 18775 26016 01OCT84 20011 26028 01NOV84 21907 26525 01DEC84 24470 27656 01JAN85 26439 27834 01FEB85 25772 27061 01MAR85 25585 27178 01APR85 26986 28308 01MAY85 26387 27721 01JUN85 27682 28886 01JUL85 28107 29214 01AUG85 28430 29503 01SEP85 28621 29910 01OCT85 29017 30204 01NOV85 29169 30909 01DEC85 31051 32369 01JAN86 31769 32539 01FEB86 30160 31043 01MAR86 30809 31570 01APR86 32054 32947 01MAY86 31872 32748 01JUN86 33140 33943 01JUL86 34070 34811 01AUG86 34171 35044 01SEP86 34530 35539 01OCT86 35093 35934 01NOV86 36616 37368 01DEC86 39188 40014 01JAN87 40014 40594 01FEB87 37704 38260 01MAR87 37709 38236 01APR87 39191 40183 01MAY87 38262 39297 01JUN87 38639 39416 01JUL87 38640 39312 01AUG87 38411 39058 01SEP87 38145 39085 01OCT87 38586 39529 01NOV87 38817 39441 01DEC87 39175 39953 01JAN88 39722 40804 01FEB88 38257 38653 01MAR88 36905 38657 01APR88 37388 40381 01MAY88 36712 39290 01JUN88 37174 40257 01JUL88 37474 40914 01AUG88 36994 40235 01SEP88 37382 40221 01OCT88 37754 40054 01NOV88 37748 40609 01DEC88 39930 41646 01JAN89 39931 41593 01FEB89 38021 39507 01MAR89 37422 39235 01APR89 38044 40333 01MAY89 36832 38552 01JUN89 37618 39108 01JUL89 38883 39577 01AUG89 38383 39058 01SEP89 38806 39499 01OCT89 39209 39764 01NOV89 39959 40308 01DEC89 41508 41773 01JAN90 41319 41758 01FEB90 38505 39953 01MAR90 37953 40077 01APR90 40053 41680 01MAY90 38579 39914 01JUN90 39790 40672 01JUL90 39864 40622 01AUG90 39546 40473 01SEP90 40253 40877 01OCT90 39982 40392 01NOV90 40908 41138 01DEC90 42742 43068 01JAN91 42748 43282 01FEB91 41103 41355 01MAR91 41033 41274 01APR91 42453 42684 01MAY91 41319 41622 01JUN91 42397 42737 01JUL91 42311 42918 01AUG91 42121 42885 01SEP91 42634 43279 01OCT91 43406 43667 01NOV91 44753 44861 01DEC91 46783 46975 01JAN92 47111 47344 01FEB92 46764 46841 01MAR92 47583 47674 01APR92 49908 49998 01MAY92 48447 48602 01JUN92 48991 49220 01JUL92 49210 49494 01AUG92 49526 49777 01SEP92 50784 51071 01OCT92 52474 52616 01NOV92 53974 54079 01DEC92 55933 56056 01JAN93 55803 55969 01FEB93 53765 53810 01MAR93 54086 54177 01APR93 56292 56365 THE FOLLOWING SETS OF DATA ARE FOR USE IN TABLES 3 & 4 DATA ON LOANS AND SECURITIES AT ALL COMMERCIAL BANKS REFERRED TO AS "CNISEC" IN CORRESPONDING PROGRAM FOR ARTICLE SOURCE: BOARD OF GOVERNORS, SEASONALLY ADJUSTED TOTAL LOANS AND SECURITIES = TOTLAS U.S. GOVERNMENT SECURITIES = USGOVSEC OTHER SECURITIES = OTHERSEC COMMERCIAL AND INDUSTRIAL LOANS = CNI OTHER COMMERCIAL AND INDUSTRIAL LOANS = OTHERCNI U.S. ADDRESSEES = USADDRES DATE TOTLAS USGOVSEC OTHERSEC CNI OTHERCNI USADDRES 01NOV72 564428.54 89238.45 93472.06 130164.37 127355.88 123682.52 01DEC72 572520.03 89049.19 93363.56 137098.01 133195.67 128308.63 01JAN73 575937.03 89044.36 93437.51 139194.13 135300.72 129865.27 01FEB73 586199.54 85951.92 94141.44 144657.26 140729.3 134997.21 01MAR73 592986.53 83960.23 94913.62 149558.38 145413.41 139009.99 01APR73 598381.38 82694.63 95350.42 151778.67 147514.76 141221.5 01MAY73 605015.62 82303.64 95899 154353.55 149960.77 143455.41 01JUN73 611399.33 82482.54 96143.34 157383.94 152754.52 146152.71 01JUL73 619710.74 83321.79 96666.56 159523.01 154855.2 148288.77 01AUG73 627295.34 82131.65 98149.27 162402.42 157534.87 150986.79 01SEP73 631377.67 83060.38 98912.92 162629.34 158104.27 151597.44 01OCT73 636371.08 85384.89 99191.61 163346.93 158986.16 152414.73 01NOV73 641390.46 87498.95 98694.58 163850.81 159729.24 153252.01 01DEC73 647810.35 88241.95 99395.5 164987.91 160769.48 154948.64 01JAN74 655686.68 88993.88 101044.46 167593.99 163347.76 156996.06 01FEB74 662358.49 88671.41 101807.9 169668.37 165402.48 158897.77 01MAR74 668719.85 88834.25 103125.04 174398.7 169897.5 163029.83 01APR74 680611.74 87262.11 104011.07 180356.16 175512.17 168505.84 01MAY74 686773.55 85886.91 105149.46 183157.07 178049.14 170870.75 01JUN74 692117.76 85163.75 105915.46 185639.96 180326.44 172767.15 01JUL74 699080.38 84457.95 106491.59 189326.85 183741.62 175870.05 01AUG74 704243.63 85100.57 106174.92 191911.75 186446.9 178549.84 01SEP74 706457.97 83736.07 107070.27 193337.91 187870.36 180068.54 01OCT74 707644.8 83771.71 107440.68 194613.3 189176.99 181413.57 01NOV74 709989.72 85093.23 106840.19 195828.11 190386.31 182819.79 01DEC74 713732.32 86301.48 107539.61 196645.99 191123.73 184190.02 01JAN75 715247.19 86373.59 108613.66 197795.4 192291.8 184571.83 01FEB75 714700.31 85977.76 109393.63 196789.23 190701.52 182702.16 01MAR75 716235.83 90300.19 109420.42 195008.8 189030.47 180773.42 01APR75 717763.62 94075.17 109372.67 193891.87 187980.73 179573.52 01MAY75 719213.12 98024.25 108686.62 192519.12 186321.03 177990.33 01JUN75 721766.7 101610.1 109101.96 190879.88 184539.83 176211.5 01JUL75 724251.63 105011.71 109472.44 189631.41 183214.67 174702.76 01AUG75 726425.73 107456.75 110140.69 188936.86 182344.65 173768.75 01SEP75 732065.72 111754.06 109813.74 188707.18 182183.47 173352.22 01OCT75 736099.73 113581.25 110614.36 188711.1 182237.96 173202.14 01NOV75 738802.42 114468.95 111402.87 188741.18 181487.8 172476.2 01DEC75 745115.92 116723.97 111222.17 189326.73 181032.62 172456.86 01JAN76 745252.53 118612.62 111011.18 189220.29 181601.72 172292.36 01FEB76 749321.74 119855.84 110830.79 188926.96 181266.01 172051.88 01MAR76 753535.65 121931.43 110394.52 186535.1 179060.08 169666.16 01APR76 757780.13 124614.47 110493.35 183596.47 176118.75 166576.63 01MAY76 762307.62 125942.15 110839.37 184484.7 177044.7 167168.44 01JUN76 767471.66 125673.57 111997.31 185022.88 177798.34 167694.96 01JUL76 770161.49 126217.88 112716.32 184858.05 177577.49 167645.94 01AUG76 775965.97 128047.41 112803.27 185478.45 177744.92 167662.39 01SEP76 780405.85 128555.67 113178.26 186715.29 178460.25 168277.76 01OCT76 788825.6 131299.77 113255.8 188070.98 179590.4 169235.09 01NOV76 796291.43 133137.23 113869 189706.57 180636.37 170391.63 01DEC76 804636.18 136326.39 113465.24 190903.47 180479.2 170627.15 01JAN77 809653.65 137771.6 113262.55 191495.09 181961.56 171464.59 01FEB77 816365.25 138665.28 113557.48 192986.25 184001.33 173549.01 01MAR77 824248.82 140954.02 113054.56 195140.95 186186.51 175895.44 01APR77 831035.95 139118.1 115633.84 196122.06 186926.43 176817.38 01MAY77 840063.8 139334.03 117297.73 197821.92 188738.38 178636.31 01JUN77 846260.26 139414.79 117732.5 199669.2 190841.22 180681.2 01JUL77 853493.27 138829.46 119099.81 201150.07 192248.24 182061.71 01AUG77 862987.02 138329.96 119718.42 203338.32 194093.33 183956.79 01SEP77 869352.11 137635.02 120578.21 204654.08 195370.65 185012.95 01OCT77 876278.34 136596.57 121550.08 206990.16 197541.75 186999.22 01NOV77 884988.9 136241.71 122755.12 209169.57 199645.91 189277.28 01DEC77 891521.13 136586.14 122663.62 211037.3 200588.49 190826.69 01JAN78 899736.66 136424.6 122486.79 213273.16 203732.63 193516.48 01FEB78 907909.7 137693.27 122191.96 216199.61 207142.96 196702.45 01MAR78 918901.04 138430.99 122851.09 220271.55 211035.48 200385.83 01APR78 930305.98 138548.31 124276.5 223711.58 214531.04 203682.16 01MAY78 941290.03 138162.53 124937.69 227788.85 218635.54 207359.21 01JUN78 952085.74 138110.24 125761.52 231105.76 221761.95 210309.33 01JUL78 963584.01 138818.96 125538.32 233796.02 224658.03 213047.01 01AUG78 970982.33 139193.53 125807.98 235843.49 226864.34 214875.94 01SEP78 981989.7 139695.31 127087.67 237718.46 228423.05 216090.86 01OCT78 992415.3 139861.86 127419.31 240390.8 230729.66 218102.93 01NOV78 1004724.13 139281.57 128052.91 244006.6 234470.99 221178.77 01DEC78 1013915.66 137579.79 129245.99 246158.46 236532.03 222800.17 01JAN79 1026887.43 136865.12 133863.68 250655.39 240884.5 225736.44 01FEB79 1036074.29 135835.52 135333.63 254530.61 244311.58 228853.53 01MAR79 1047581.99 137274.18 136303.16 258251.52 247980.8 232158.62 01APR79 1060663.22 138101.02 136942.58 263304.59 253086.16 236841.42 01MAY79 1069950.18 138801.67 136706.45 267897.97 257580.99 240836.83 01JUN79 1082864.95 139862.12 136851.49 272080.92 261499.71 244287.67 01JUL79 1096864.69 140226.51 138048.19 276527.68 265556.09 248037.47 01AUG79 1108078.19 139738.34 139681.31 280401.45 269580.38 251430.47 01SEP79 1126329.93 141275.97 140976.49 285360.65 274310.5 255439.31 01OCT79 1130406.09 142549.21 141315.98 287280.14 276355.2 257375.85 01NOV79 1128643 142934.25 141932.67 288218.86 277260.83 258213.67 01DEC79 1135642.45 144345.17 141900.33 291350.61 279674.34 260540.42 01JAN80 1142795.64 143847.8 142865.3 295557.35 284071.35 264221.71 01FEB80 1156679.27 145682.72 143693.42 299155.84 287099.92 267132.97 01MAR80 1165560.28 147040.9 144070.09 302842.63 291270.8 271260.42 01APR80 1164215.12 146148.26 145556.15 303096.93 291835.89 271704.29 01MAY80 1160028.59 148346.2 147723.35 300073.37 288370.79 267865.97 01JUN80 1158905.05 151492.57 148815.18 298367.73 286480.12 266170.39 01JUL80 1167667.52 155301.75 150558.63 298607.38 286654.87 266959.21 01AUG80 1184581.76 160627.99 151272.09 302950.93 290666.25 270583.4 01SEP80 1193467.59 162664.02 151781.88 307150.46 295207.37 274932.08 01OCT80 1205894.09 164297.49 153735.04 312368.53 300466.58 280148.37 01NOV80 1225393.56 168062.36 154359.97 320602.97 308757.29 287500.59 01DEC80 1238572.14 170585.53 154440.64 325654.04 314739.09 292821.32 01JAN81 1246842.8 173774.88 154216.98 327202.9 315422.59 292386.03 01FEB81 1252343.66 174620.47 155352.46 327735.75 315998.92 292340.12 01MAR81 1257625.13 175349.87 156487 329601.25 317693.04 293420.25 01APR81 1264289.95 176521.49 156166.26 332584.73 320187.39 295488.22 01MAY81 1279140.2 179248.83 155697.31 338259.07 326053.42 300595.27 01JUN81 1286527.09 180992.99 155791.64 341797.75 329426.37 303826.73 01JUL81 1289253.84 180971.24 155404.12 345180.78 333559.22 306394.27 01AUG81 1298720.31 181451.05 155209.74 350268.95 339330.77 312405.17 01SEP81 1306130.27 180205.93 156636.04 352142.82 341945.69 315114.93 01OCT81 1312892.41 180104.81 159118.06 356047.09 345133.36 318174.89 01NOV81 1319784.4 176903.39 162380.98 360346.25 349812.91 322961.94 01DEC81 1307014.88 179308.69 160453.46 355373.17 344583.69 329258.29 01JAN82 1309961.57 181217.46 157887.04 358574.12 347941.15 334878.78 01FEB82 1321356.14 182389.38 159115.81 363433.25 352405.22 339816.58 01MAR82 1329659.64 181602.48 161139.95 366137.88 354846.22 342283.73 01APR82 1341138.74 184875.85 160958.9 371933.93 360243.64 347585.31 01MAY82 1348765.01 184249.62 161986.37 376384.87 364507.3 351452.11 01JUN82 1356465.13 185404.15 162124.51 380706.89 369440.38 356149.97 01JUL82 1363883.69 186325.9 162423.68 384076.64 373474.07 360303.26 01AUG82 1371334.65 188760.83 161938.87 385905.07 374435.55 361536.83 01SEP82 1380380.68 190937.94 162225.77 391194.22 379109.74 365950.77 01OCT82 1389585.78 195058.2 162219.64 393233.37 380966.07 368021.47 01NOV82 1390380.14 197255.82 161670.54 392493.49 380826.47 368283.4 01DEC82 1400410.06 201729.37 164765.2 392474.29 380601.18 368232.48 01JAN83 1411882.28 208649.69 165412.14 394966.97 382728.85 370223.05 01FEB83 1418175.59 213049.11 166739.14 394146.18 382695.28 370423.35 01MAR83 1431475.07 221049.5 166716.58 394471.61 382620.26 370402.04 01APR83 1441502.09 227559.55 168328.24 392079.04 380793.18 368845.86 01MAY83 1453028.74 234691.59 169820.17 390939.53 380067.72 367539.65 01JUN83 1468649.04 240467.01 171463.24 393361.98 382410.94 370003.9 01JUL83 1481828.73 240979.33 173044.36 397419.19 386281.81 374036.55 01AUG83 1495432.66 241718.52 174151.77 401366.04 389890.56 377769.17 01SEP83 1507075.85 246051.62 174216.42 402446.27 390944.01 378772.02 01OCT83 1523092.9 253013.49 172573.9 406294.58 394391.96 381709.06 01NOV83 1538744.65 256310.25 172435.52 409972.91 398044.12 385441.78 01DEC83 1552164.28 259203.42 169076.52 414162.38 402246.98 389966.34 01JAN84 1564823.4 259530.57 141391.39 416180.32 405481.8 393469.83 01FEB84 1585386.36 259916.73 141320.62 423695.74 412894.84 401105.79 01MAR84 1598728.82 261220.69 142636.91 431142.07 420042.63 408064.89 01APR84 1614997.21 261216.82 142843.21 436754.45 425707.6 414093.79 01MAY84 1631278.13 259891.43 142073.98 445261.05 433461.58 421783.17 01JUN84 1641429.63 257771.83 141492.3 450303.95 438410.49 427117.05 01JUL84 1657534.39 258242.08 141948.15 455415.5 442993.56 431333.8 01AUG84 1665587.43 257911.34 142416.63 458751.43 446572.71 435368.28 01SEP84 1679631.47 258421.25 143384.06 462596.4 450525.97 439732.41 01OCT84 1690676.57 258204.88 142298.57 467019.45 455223.02 444133.65 01NOV84 1706680.37 258453.1 142118.12 470906.33 458922.74 447930.52 01DEC84 1722895.65 259837.47 140879.56 473209.5 461592.34 451030.25 01JAN85 1731431.11 261826.01 142131.27 473305.56 462607.87 452226.51 01FEB85 1749319.79 267265.42 142067.01 477410.59 465687.14 455709.49 01MAR85 1764293.51 269007.99 141052.13 481662.63 469789.32 459567.57 01APR85 1776695.98 267364.57 143384.8 483180.1 472049.99 462438.64 01MAY85 1793704.42 271358.8 145715.14 485117.03 475275.3 465590.43 01JUN85 1812358.97 274460.33 147943.01 486962.31 477209.41 468079.7 01JUL85 1825626.75 276318.11 149716.48 487632.61 477918.71 468747.33 01AUG85 1832424.91 273035.17 151650.53 490095.7 480686.97 471554.76 01SEP85 1847415.65 273121.3 154921.34 493305.78 484232.68 475164.17 01OCT85 1854800.59 270770.07 157957.24 493074.33 484099.69 475100.49 01NOV85 1881102.37 273371.89 164311 496947.29 488010.91 479274.84 01DEC85 1910386.58 270799.84 178959.71 500156.02 491185.54 482338.08 01JAN86 1936741.73 267320.53 192700.73 502515.77 494066.63 484411.38 01FEB86 1946311.59 273198.57 190014.53 503804.33 495406.56 486038.59 01MAR86 1959417.52 270593.82 187013.09 507332.95 498724.29 488945.48 01APR86 1963454.08 272292.02 185910.73 509135.18 500510.52 490906.14 01MAY86 1972203.73 275394.34 186107.46 508978.14 499858.86 489701.92 01JUN86 1980860.41 276310.96 187376.78 512607.06 503398.94 494041.31 01JUL86 2003427.17 286844.42 190625.76 512700.84 504038.66 495002.35 01AUG86 2023308.79 291944.83 196499.87 514203.07 505987.17 497119.75 01SEP86 2044945.49 295475.32 204930.07 516345.04 508656.73 499628.67 01OCT86 2046637.99 299272.53 198683.09 516844.81 509597.73 500536.16 01NOV86 2060951.8 304453.8 195520.17 521115.52 514224.18 505386.47 01DEC86 2093667.3 310075.01 193860.12 536689.32 529830.92 521424.28 01JAN87 2123068.85 314592.99 192102.76 548159.76 541224.04 532545.81 01FEB87 2126606.08 317093.5 192725.58 547666.69 540638.48 532304.15 01MAR87 2133898.61 315343.37 193102.16 548054.42 541314.52 533103.44 01APR87 2154987.82 316931.92 194265.82 548940.66 541888.93 533732.98 01MAY87 2168655.07 320858.46 195510.48 551071.95 543880.89 535229.38 01JUN87 2175966.28 319642.78 195337.88 553523.39 546308.87 537906.48 01JUL87 2181164.43 323836.47 193947.73 554148.96 546889.54 538455.31 01AUG87 2199153.76 330089.2 193126.74 555315.09 547370.24 539129.53 01SEP87 2218794.2 333696.53 193245.59 560861.9 552937.96 544778.85 01OCT87 2227520.16 331796.1 191795.53 559696.38 551676.39 544378.77 01NOV87 2231358.63 332085.52 193278.02 559892.04 552361.99 545159.16 01DEC87 2241227.46 335815.97 195799.75 566401.27 558251.39 550369 01JAN88 2259132.62 337065.51 193936.65 568774.49 559524.66 551016 01FEB88 2272152.92 338422.69 193983.98 570811.21 561996.06 553535.28 01MAR88 2285611.48 339078 195356.24 573138.63 564183.8 555933.25 01APR88 2309512.14 341555.4 196576.48 580122.2 571441.5 563415.25 01MAY88 2333058.96 344728.91 197407.13 587112.42 578728.09 571100.05 01JUN88 2349617.32 347421.34 197916.17 591686.09 583229.21 576435 01JUL88 2364483.89 348786.81 197757.26 595774.87 587203.33 580365.36 01AUG88 2378281.88 351309.11 197106.65 597632.29 588796.28 582137.89 01SEP88 2379450.15 353268.04 195242.01 597131.64 588152.74 581426.66 01OCT88 2396294.24 354582.91 195092.63 601314.87 592160.27 585501.17 01NOV88 2408727.4 357131.86 194725.47 601938.52 592680.51 585924.72 01DEC88 2422926.64 362696 193682.64 605305.96 596075.5 589253.35 01JAN89 2424020.68 362176.08 191603.7 605798.84 596496.67 589857.78 01FEB89 2450494.03 363134.53 190307.95 617612.95 608544.37 602188.01 01MAR89 2459702.08 366581.05 190102.25 616719.13 607546.01 601103.45 01APR89 2470642.14 368066.07 188544.41 620996.66 611847.28 605601.06 01MAY89 2487647.13 371373.37 188039.27 627047.3 617776.81 610849.95 01JUN89 2497676.74 371543.87 187444.67 625863.85 616714.78 610338.71 01JUL89 2520244.15 373247.72 186602.71 632170.66 623500.32 616778.47 01AUG89 2537154.04 376217.01 184581.49 637699.5 628612.83 622089.62 01SEP89 2548877.44 378154.69 184180.26 638177.47 628997.83 622287.63 01OCT89 2575940.06 389348.37 182211.5 642544.19 632742.99 625621.41 01NOV89 2587364.84 394195.94 180600.63 642074.06 633382.48 626297.56 01DEC89 2590809.38 397004.63 182390.37 638440.09 630186.07 623397.46 01JAN90 2599222.73 405180.82 181282.68 636347.54 628286.1 621771.81 01FEB90 2619574.06 415449.93 180994.01 638466.11 630142.72 623815.28 01MAR90 2633549.18 419815.51 180903.02 640747.99 632349.76 625904.29 01APR90 2646789.13 424782.22 180306.97 641750.6 633328.03 627133.85 01MAY90 2659054.91 429465.54 178830.88 641746.08 633233.19 626854.24 01JUN90 2674379.31 437174.16 178802.37 643071.53 634049.22 628595.14 01JUL90 2691885.07 441690.34 178506.61 643033.07 634596.87 628854.46 01AUG90 2714166.37 444290.48 179834.32 644856.68 636478.63 630574.15 01SEP90 2717014.75 449575.69 179753.66 642703.4 634154.98 627743.76 01OCT90 2726296.8 453605.67 178944.95 642277.9 633364.65 626863.07 01NOV90 2727183.63 452873.01 177657.9 642687.59 633612.19 626772.17 01DEC90 2732350.69 452148.93 178771.23 642566.77 632880.18 625843.68 01JAN91 2732765.92 455521.96 178853.61 638100.63 628313.24 620525.45 01FEB91 2749002.35 460163.34 178609.61 639510.61 630620.17 622407.33 01MAR91 2759019.62 470774.95 179008.17 639231.73 630570.56 622266.46 01APR91 2760864.41 477695.32 177457.93 635228.33 626728.65 618848.35 01MAY91 2764132.53 483670.31 176938.73 631513.88 623405.11 615596.57 01JUN91 2774739.09 493053.88 177848.17 627272.18 619568.84 612209.98 01JUL91 2779404.13 503088.86 176358.2 625655.74 617982.19 610710.33 01AUG91 2782598.78 511541.8 175152.38 621938.16 613932.21 606576.57 01SEP91 2792243.98 522561.67 177255.67 622977.24 615557.13 607752.26 01OCT91 2811707.21 539398.51 178642.89 624321.59 617433.77 609155.56 01NOV91 2825292.96 549520.39 178524.47 620967.53 613622.78 605057.5 01DEC91 2836932.85 559293.57 179871.49 617034.11 609455.87 600143.89 01JAN92 2846026.57 564206.16 179623.73 615422.85 608401.47 599129.92 01FEB92 2855390.95 570864.81 180265.22 613528.01 606479.88 597470.99 01MAR92 2862681.2 579605.77 178543.37 610841.81 603994.96 594883.77 01APR92 2874283.93 590836.28 178516.42 609040.07 602586.61 593169.55 01MAY92 2875265.27 600175.7 176936.13 607577.66 600885.08 590778.79 01JUN92 2882752.76 610693.16 175814.95 604636.84 598374.82 588288.97 01JUL92 2886907.03 619231.35 177890.18 602546.62 596006.72 585305.44 01AUG92 2902196.12 632579.77 178239.3 601376.44 594904.4 584257.12 01SEP92 2917377.37 640576.87 178224.53 601196.94 594900.66 583622.75 01OCT92 2925963.46 647310.76 178841.56 600805.82 593291.77 582584.9 01NOV92 2932441.99 651427.38 177251.82 600533.63 592610.27 582269 01DEC92 2937614.46 657074.94 175987.22 597630.43 589877.27 580193.58 01JAN93 2933422.05 656921.76 174041.17 598077.09 590585.39 580904.46 01FEB93 2937633.77 667262.01 175204.47 596094.17 587355.58 577568.83 01MAR93 2950842.17 681645.55 176900.76 592450.13 583521.86 573402.45 01APR93 2962956.84 691676.45 178091.44 589868.05 580832.9 571121.37 01MAY93 2984829.79 694312.05 179225.53 592710.44 583116.05 573483.75 CONTINUATION OF DATA SETS USED FOR TABLES 3 & 4 TOTAL RESERVES ADJUSTED FOR RESERVE REQUIREMENTS, SEASONALLY ADJUSTED BILLIONS OF DOLLARS REFFERED TO AS "TRARR1" IN CORRESPONDING PROGRAM FILE FOR ARTICLE SOURCE: BOARD OF GOVERNORS DATE TRARR 01JAN59 11.1 01FEB59 11.1 01MAR59 11.1 01APR59 11.1 01MAY59 11.1 01JUN59 11 01JUL59 11.1 01AUG59 11.2 01SEP59 11.1 01OCT59 11.1 01NOV59 11.1 01DEC59 11.1 01JAN60 11.1 01FEB60 10.9 01MAR60 10.8 01APR60 10.8 01MAY60 10.8 01JUN60 10.9 01JUL60 11 01AUG60 11.1 01SEP60 11.1 01OCT60 11.2 01NOV60 11.3 01DEC60 11.2 01JAN61 11.3 01FEB61 11.2 01MAR61 11.1 01APR61 11.1 01MAY61 11 01JUN61 11.1 01JUL61 11.1 01AUG61 11.2 01SEP61 11.3 01OCT61 11.4 01NOV61 11.5 01DEC61 11.5 01JAN62 11.5 01FEB62 11.3 01MAR62 11.3 01APR62 11.3 01MAY62 11.4 01JUN62 11.3 01JUL62 11.4 01AUG62 11.4 01SEP62 11.4 01OCT62 11.5 01NOV62 11.5 01DEC62 11.6 01JAN63 11.6 01FEB63 11.5 01MAR63 11.4 01APR63 11.4 01MAY63 11.4 01JUN63 11.4 01JUL63 11.5 01AUG63 11.5 01SEP63 11.5 01OCT63 11.5 01NOV63 11.5 01DEC63 11.7 01JAN64 11.6 01FEB64 11.5 01MAR64 11.6 01APR64 11.5 01MAY64 11.5 01JUN64 11.6 01JUL64 11.7 01AUG64 11.8 01SEP64 11.9 01OCT64 11.9 01NOV64 12 01DEC64 12 01JAN65 12 01FEB65 11.9 01MAR65 11.9 01APR65 12 01MAY65 11.9 01JUN65 12 01JUL65 12.1 01AUG65 12.1 01SEP65 12.1 01OCT65 12.1 01NOV65 12.1 01DEC65 12.3 01JAN66 12.3 01FEB66 12.2 01MAR66 12.2 01APR66 12.3 01MAY66 12.3 01JUN66 12.3 01JUL66 12.4 01AUG66 12.2 01SEP66 12.2 01OCT66 12.2 01NOV66 12.2 01DEC66 12.2 01JAN67 12.3 01FEB67 12.3 01MAR67 12.4 01APR67 12.5 01MAY67 12.4 01JUN67 12.5 01JUL67 12.7 01AUG67 12.7 01SEP67 12.8 01OCT67 13.1 01NOV67 13.1 01DEC67 13.2 01JAN68 13.2 01FEB68 13.2 01MAR68 13.2 01APR68 13.1 01MAY68 13.1 01JUN68 13.3 01JUL68 13.5 01AUG68 13.4 01SEP68 13.4 01OCT68 13.5 01NOV68 13.6 01DEC68 13.8 01JAN69 13.6 01FEB69 13.7 01MAR69 13.7 01APR69 13.5 01MAY69 13.8 01JUN69 13.8 01JUL69 13.5 01AUG69 13.8 01SEP69 13.8 01OCT69 13.9 01NOV69 14.2 01DEC69 14.2 01JAN70 14.1 01FEB70 14.1 01MAR70 14.1 01APR70 14.2 01MAY70 14 01JUN70 14.1 01JUL70 14.2 01AUG70 14.3 01SEP70 14.4 01OCT70 14.5 01NOV70 14.5 01DEC70 14.6 01JAN71 14.6 01FEB71 14.8 01MAR71 14.8 01APR71 14.8 01MAY71 15 01JUN71 15.1 01JUL71 15.1 01AUG71 15.2 01SEP71 15.4 01OCT71 15.2 01NOV71 15.2 01DEC71 15.2 01JAN72 15.4 01FEB72 15.4 01MAR72 15.5 01APR72 15.7 01MAY72 15.7 01JUN72 15.9 01JUL72 15.8 01AUG72 16 01SEP72 16 01OCT72 16.2 01NOV72 16.4 01DEC72 16.6 01JAN73 16.7 01FEB73 16.7 01MAR73 16.9 01APR73 16.7 01MAY73 16.7 01JUN73 16.7 01JUL73 17 01AUG73 16.8 01SEP73 16.7 01OCT73 16.9 01NOV73 17 01DEC73 17 01JAN74 17.2 01FEB74 17.1 01MAR74 17.1 01APR74 17.3 01MAY74 17.4 01JUN74 17.4 01JUL74 17.5 01AUG74 17.4 01SEP74 17.4 01OCT74 17.3 01NOV74 17.5 01DEC74 17.6 01JAN75 17.3 01FEB75 17.3 01MAR75 17.4 01APR75 17.5 01MAY75 17.4 01JUN75 17.7 01JUL75 17.6 01AUG75 17.7 01SEP75 17.8 01OCT75 17.6 01NOV75 17.8 01DEC75 17.8 01JAN76 17.6 01FEB76 17.8 01MAR76 17.9 01APR76 17.7 01MAY76 17.9 01JUN76 17.9 01JUL76 17.8 01AUG76 18.1 01SEP76 18 01OCT76 18.1 01NOV76 18.3 01DEC76 18.4 01JAN77 18.4 01FEB77 18.3 01MAR77 18.4 01APR77 18.5 01MAY77 18.6 01JUN77 18.5 01JUL77 18.7 01AUG77 18.9 01SEP77 18.9 01OCT77 19 01NOV77 19 01DEC77 19 01JAN78 19.3 01FEB78 19.6 01MAR78 19.3 01APR78 19.4 01MAY78 19.7 01JUN78 19.9 01JUL78 20.1 01AUG78 19.9 01SEP78 20 01OCT78 20.1 01NOV78 19.9 01DEC78 19.8 01JAN79 19.8 01FEB79 19.4 01MAR79 19.4 01APR79 19.5 01MAY79 19.6 01JUN79 19.8 01JUL79 20 01AUG79 20 01SEP79 20 01OCT79 20.4 01NOV79 20.4 01DEC79 20.7 01JAN80 20.7 01FEB80 20.7 01MAR80 20.7 01APR80 20.6 01MAY80 20.4 01JUN80 20.6 01JUL80 20.8 01AUG80 21 01SEP80 21.2 01OCT80 21.1 01NOV80 22.2 01DEC80 22 01JAN81 21.7 01FEB81 21.8 01MAR81 22.1 01APR81 22.2 01MAY81 22.4 01JUN81 22.3 01JUL81 22.3 01AUG81 22.4 01SEP81 22.5 01OCT81 22.3 01NOV81 22.3 01DEC81 22.4 01JAN82 22.7 01FEB82 22.6 01MAR82 22.5 01APR82 22.3 01MAY82 22.4 01JUN82 22.4 01JUL82 22.2 01AUG82 22.3 01SEP82 22.7 01OCT82 22.9 01NOV82 23.4 01DEC82 23.6 01JAN83 23.2 01FEB83 23.9 01MAR83 24.4 01APR83 24.9 01MAY83 24.9 01JUN83 25.3 01JUL83 25.4 01AUG83 25.4 01SEP83 25.4 01OCT83 25.5 01NOV83 25.4 01DEC83 25.4 01JAN84 25.5 01FEB84 25.9 01MAR84 25.8 01APR84 25.7 01MAY84 26 01JUN84 26.3 01JUL84 26.1 01AUG84 26.1 01SEP84 26.1 01OCT84 26.2 01NOV84 26.4 01DEC84 26.8 01JAN85 27.1 01FEB85 27.6 01MAR85 27.6 01APR85 27.9 01MAY85 28.2 01JUN85 29 01JUL85 29.2 01AUG85 29.7 01SEP85 30 01OCT85 30.4 01NOV85 30.8 01DEC85 31.4 01JAN86 31.6 01FEB86 31.7 01MAR86 32.1 01APR86 32.5 01MAY86 33.3 01JUN86 34.1 01JUL86 34.8 01AUG86 35.3 01SEP86 35.7 01OCT86 36.2 01NOV86 37.2 01DEC86 38.9 01JAN87 39.4 01FEB87 39.1 01MAR87 38.8 01APR87 39.6 01MAY87 40 01JUN87 39.6 01JUL87 39.2 01AUG87 39.4 01SEP87 39.2 01OCT87 39.9 01NOV87 39.3 01DEC87 38.9 01JAN88 39.6 01FEB88 39.5 01MAR88 39.3 01APR88 39.8 01MAY88 40.1 01JUN88 40.4 01JUL88 40.8 01AUG88 40.6 01SEP88 40.4 01OCT88 40.4 01NOV88 40.5 01DEC88 40.4 01JAN89 40.5 01FEB89 40.3 01MAR89 39.9 01APR89 39.7 01MAY89 39.4 01JUN89 39.1 01JUL89 39.5 01AUG89 39.4 01SEP89 39.7 01OCT89 40.1 01NOV89 40.2 01DEC89 40.5 01JAN90 40.7 01FEB90 40.8 01MAR90 40.8 01APR90 40.9 01MAY90 40.7 01JUN90 40.7 01JUL90 40.6 01AUG90 40.9 01SEP90 41.1 01OCT90 40.7 01NOV90 40.9 01DEC90 41.8 01JAN91 42.2 01FEB91 42.2 01MAR91 42 01APR91 41.9 01MAY91 42.4 01JUN91 42.8 01JUL91 43 01AUG91 43.3 01SEP91 43.5 01OCT91 43.9 01NOV91 44.6 01DEC91 45.5 01JAN92 46.2 01FEB92 47.8 01MAR92 48.5 01APR92 49 01MAY92 49.5 01JUN92 49.3 01JUL92 49.6 01AUG92 50.3 01SEP92 51.3 01OCT92 52.8 01NOV92 53.8 01DEC92 54.4 01JAN93 54.7 01FEB93 54.9 01MAR93 55.2 01APR93 55.2 01MAY93 56.9 CONTINUATION OF DATA SETS USED FOR TABLES 3 & 4 NON-BORROWED RESERVES ADJUSTED FOR RESERVE REQUIREMENTS, SEASONALLY ADJUSTED, BILLIONS OF DOLLARS SOURCE: BOARD OF GOVERNORS DATE NBR 01JAN59 10.6 01FEB59 10.6 01MAR59 10.5 01APR59 10.4 01MAY59 10.3 01JUN59 10 01JUL59 10.1 01AUG59 10.2 01SEP59 10.2 01OCT59 10.2 01NOV59 10.2 01DEC59 10.2 01JAN60 10.2 01FEB60 10.1 01MAR60 10.2 01APR60 10.2 01MAY60 10.3 01JUN60 10.5 01JUL60 10.6 01AUG60 10.8 01SEP60 10.9 01OCT60 11 01NOV60 11.2 01DEC60 11.2 01JAN61 11.3 01FEB61 11.1 01MAR61 11 01APR61 11.1 01MAY61 10.9 01JUN61 11 01JUL61 11.1 01AUG61 11.2 01SEP61 11.3 01OCT61 11.3 01NOV61 11.4 01DEC61 11.4 01JAN62 11.4 01FEB62 11.2 01MAR62 11.2 01APR62 11.3 01MAY62 11.3 01JUN62 11.2 01JUL62 11.3 01AUG62 11.2 01SEP62 11.3 01OCT62 11.4 01NOV62 11.4 01DEC62 11.3 01JAN63 11.4 01FEB63 11.3 01MAR63 11.3 01APR63 11.3 01MAY63 11.2 01JUN63 11.1 01JUL63 11.2 01AUG63 11.2 01SEP63 11.2 01OCT63 11.1 01NOV63 11.2 01DEC63 11.4 01JAN64 11.4 01FEB64 11.3 01MAR64 11.3 01APR64 11.3 01MAY64 11.3 01JUN64 11.3 01JUL64 11.4 01AUG64 11.5 01SEP64 11.5 01OCT64 11.6 01NOV64 11.6 01DEC64 11.7 01JAN65 11.7 01FEB65 11.5 01MAR65 11.5 01APR65 11.6 01MAY65 11.4 01JUN65 11.5 01JUL65 11.5 01AUG65 11.5 01SEP65 11.5 01OCT65 11.6 01NOV65 11.7 01DEC65 11.9 01JAN66 11.9 01FEB66 11.7 01MAR66 11.6 01APR66 11.6 01MAY66 11.6 01JUN66 11.5 01JUL66 11.6 01AUG66 11.4 01SEP66 11.5 01OCT66 11.5 01NOV66 11.6 01DEC66 11.7 01JAN67 11.9 01FEB67 11.9 01MAR67 12.2 01APR67 12.3 01MAY67 12.3 01JUN67 12.4 01JUL67 12.6 01AUG67 12.6 01SEP67 12.8 01OCT67 13 01NOV67 13 01DEC67 13 01JAN68 13 01FEB68 12.8 01MAR68 12.5 01APR68 12.4 01MAY68 12.4 01JUN68 12.6 01JUL68 12.9 01AUG68 12.9 01SEP68 12.9 01OCT68 13.1 01NOV68 13.1 01DEC68 13 01JAN69 12.9 01FEB69 12.9 01MAR69 12.8 01APR69 12.5 01MAY69 12.5 01JUN69 12.4 01JUL69 12.2 01AUG69 12.6 01SEP69 12.7 01OCT69 12.8 01NOV69 13 01DEC69 13 01JAN70 13.1 01FEB70 13 01MAR70 13.2 01APR70 13.4 01MAY70 13 01JUN70 13.2 01JUL70 12.8 01AUG70 13.4 01SEP70 13.8 01OCT70 14 01NOV70 14.1 01DEC70 14.2 01JAN71 14.2 01FEB71 14.5 01MAR71 14.5 01APR71 14.6 01MAY71 14.7 01JUN71 14.6 01JUL71 14.3 01AUG71 14.4 01SEP71 14.9 01OCT71 14.9 01NOV71 14.9 01DEC71 15.1 01JAN72 15.3 01FEB72 15.3 01MAR72 15.4 01APR72 15.5 01MAY72 15.6 01JUN72 15.8 01JUL72 15.6 01AUG72 15.6 01SEP72 15.5 01OCT72 15.6 01NOV72 15.8 01DEC72 15.6 01JAN73 15.5 01FEB73 15.1 01MAR73 15.1 01APR73 15 01MAY73 14.8 01JUN73 14.9 01JUL73 15 01AUG73 14.6 01SEP73 14.9 01OCT73 15.4 01NOV73 15.6 01DEC73 15.7 01JAN74 16.2 01FEB74 15.9 01MAR74 15.8 01APR74 15.6 01MAY74 14.8 01JUN74 14.4 01JUL74 14.2 01AUG74 14.1 01SEP74 14.1 01OCT74 15.5 01NOV74 16.2 01DEC74 16.8 01JAN75 16.9 01FEB75 17.1 01MAR75 17.3 01APR75 17.4 01MAY75 17.3 01JUN75 17.5 01JUL75 17.3 01AUG75 17.4 01SEP75 17.4 01OCT75 17.4 01NOV75 17.8 01DEC75 17.7 01JAN76 17.5 01FEB76 17.7 01MAR76 17.8 01APR76 17.7 01MAY76 17.8 01JUN76 17.8 01JUL76 17.7 01AUG76 18 01SEP76 17.9 01OCT76 18 01NOV76 18.3 01DEC76 18.3 01JAN77 18.4 01FEB77 18.2 01MAR77 18.3 01APR77 18.4 01MAY77 18.4 01JUN77 18.2 01JUL77 18.4 01AUG77 17.9 01SEP77 18.2 01OCT77 17.7 01NOV77 18.2 01DEC77 18.4 01JAN78 18.8 01FEB78 19.2 01MAR78 19 01APR78 18.9 01MAY78 18.4 01JUN78 18.8 01JUL78 18.8 01AUG78 18.8 01SEP78 18.9 01OCT78 18.8 01NOV78 19.2 01DEC78 18.9 01JAN79 18.8 01FEB79 18.4 01MAR79 18.4 01APR79 18.6 01MAY79 17.8 01JUN79 18.4 01JUL79 18.8 01AUG79 18.9 01SEP79 18.7 01OCT79 18.4 01NOV79 18.5 01DEC79 19.2 01JAN80 19.5 01FEB80 19 01MAR80 17.9 01APR80 18.2 01MAY80 19.4 01JUN80 20.2 01JUL80 20.4 01AUG80 20.4 01SEP80 19.9 01OCT80 19.8 01NOV80 20.1 01DEC80 20.3 01JAN81 20.3 01FEB81 20.5 01MAR81 21.1 01APR81 20.8 01MAY81 20.2 01JUN81 20.3 01JUL81 20.7 01AUG81 20.9 01SEP81 21 01OCT81 21.1 01NOV81 21.7 01DEC81 21.8 01JAN82 21.2 01FEB82 20.8 01MAR82 20.9 01APR82 20.8 01MAY82 21.3 01JUN82 21.2 01JUL82 21.5 01AUG82 21.8 01SEP82 21.8 01OCT82 22.4 01NOV82 22.7 01DEC82 23 01JAN83 22.7 01FEB83 23.3 01MAR83 23.6 01APR83 23.9 01MAY83 23.9 01JUN83 23.6 01JUL83 23.9 01AUG83 23.8 01SEP83 24 01OCT83 24.6 01NOV83 24.5 01DEC83 24.6 01JAN84 24.7 01FEB84 25.3 01MAR84 24.9 01APR84 24.5 01MAY84 23 01JUN84 23 01JUL84 20.2 01AUG84 18.1 01SEP84 18.8 01OCT84 20.2 01NOV84 21.8 01DEC84 23.7 01JAN85 25.7 01FEB85 26.3 01MAR85 26 01APR85 26.5 01MAY85 26.9 01JUN85 27.8 01JUL85 28.1 01AUG85 28.6 01SEP85 28.7 01OCT85 29.3 01NOV85 29.1 01DEC85 30.1 01JAN86 30.9 01FEB86 30.8 01MAR86 31.3 01APR86 31.6 01MAY86 32.5 01JUN86 33.3 01JUL86 34 01AUG86 34.5 01SEP86 34.7 01OCT86 35.4 01NOV86 36.5 01DEC86 38.1 01JAN87 38.8 01FEB87 38.5 01MAR87 38.3 01APR87 38.6 01MAY87 39 01JUN87 38.8 01JUL87 38.5 01AUG87 38.7 01SEP87 38.3 01OCT87 38.9 01NOV87 38.7 01DEC87 38.1 01JAN88 38.5 01FEB88 39.1 01MAR88 37.5 01APR88 36.8 01MAY88 37.5 01JUN88 37.3 01JUL88 37.4 01AUG88 37.4 01SEP88 37.6 01OCT88 38.1 01NOV88 37.6 01DEC88 38.7 01JAN89 38.8 01FEB89 38.8 01MAR89 38.1 01APR89 37.4 01MAY89 37.7 01JUN89 37.7 01JUL89 38.8 01AUG89 38.7 01SEP89 39 01OCT89 39.5 01NOV89 39.8 01DEC89 40.2 01JAN90 40.2 01FEB90 39.3 01MAR90 38.6 01APR90 39.3 01MAY90 39.4 01JUN90 39.8 01JUL90 39.9 01AUG90 39.9 01SEP90 40.4 01OCT90 40.3 01NOV90 40.7 01DEC90 41.4 01JAN91 41.7 01FEB91 41.9 01MAR91 41.7 01APR91 41.7 01MAY91 42.1 01JUN91 42.5 01JUL91 42.4 01AUG91 42.6 01SEP91 42.8 01OCT91 43.7 01NOV91 44.5 01DEC91 45.3 01JAN92 46 01FEB92 47.7 01MAR92 48.4 01APR92 48.9 01MAY92 49.3 01JUN92 49.1 01JUL92 49.3 01AUG92 50.1 01SEP92 51 01OCT92 52.7 01NOV92 53.7 01DEC92 54.2 01JAN93 54.5 01FEB93 54.9 01MAR93 55.1 01APR93 55.1 01MAY93 56.8 CONTINUATION OF DATA SETS USED FOR TABLES 3 & 4 COMMERCIAL PAPER OUTSTANDING-TOTAL, MILLIONS OF DOLLARS, END OF PERIOD SOURCE: FEDERAL RESERVE BANK OF NEW YORK DEALER = DEALER PLACED DIRECT = DIRECTLY PLACED DATE TOTAL DEALER DIRECT 01JAN59 3103 894 2209 01FEB59 3188 880 2308 01MAR59 3201 860 2341 01APR59 3288 820 2468 01MAY59 3386 805 2581 01JUN59 3453 769 2684 01JUL59 3468 776 2692 01AUG59 3704 873 2831 01SEP59 3638 831 2807 01OCT59 3839 813 3026 01NOV59 3740 825 2915 01DEC59 3731 729 3002 01JAN60 4036 780 3256 01FEB60 4083 807 3276 01MAR60 4408 888 3520 01APR60 4376 998 3378 01MAY60 4503 1050 3453 01JUN60 4674 1177 3497 01JUL60 4735 1241 3494 01AUG60 4998 1340 3658 01SEP60 4949 1312 3637 01OCT60 5109 1393 3716 01NOV60 5196 1420 3776 01DEC60 5162 1450 3712 01JAN61 5107 1516 3591 01FEB61 4935 1485 3450 01MAR61 5009 1505 3504 01APR61 5031 1527 3504 01MAY61 4785 1533 3252 01JUN61 5008 1544 3464 01JUL61 4930 1571 3359 01AUG61 4823 1600 3223 01SEP61 5043 1667 3376 01OCT61 4915 1673 3242 01NOV61 5185 1745 3440 01DEC61 5295 1808 3487 01JAN62 5588 1824 3764 01FEB62 5439 1770 3669 01MAR62 5679 1863 3816 01APR62 5604 1889 3715 01MAY62 5778 1952 3826 01JUN62 5978 1990 3988 01JUL62 6097 2056 4041 01AUG62 6393 2109 4284 01SEP62 6789 2145 4644 01OCT62 6685 2208 4477 01NOV62 6846 2321 4525 01DEC62 6730 2188 4542 01JAN63 6868 2170 4698 01FEB63 6926 2197 4729 01MAR63 7099 2253 4846 01APR63 7362 2221 5141 01MAY63 7376 2182 5194 01JUN63 7424 2173 5251 01JUL63 7397 2113 5284 01AUG63 7572 2060 5512 01SEP63 7445 2021 5424 01OCT63 7582 2034 5548 01NOV63 7949 2015 5934 01DEC63 7582 2013 5569 01JAN64 7903 2127 5776 01FEB64 8058 2079 5979 01MAR64 7815 2028 5787 01APR64 7918 2062 5856 01MAY64 8142 2056 6086 01JUN64 8327 2065 6262 01JUL64 8688 2049 6639 01AUG64 8625 2067 6558 01SEP64 8866 2136 6730 01OCT64 9105 2232 6873 01NOV64 8956 2272 6684 01DEC64 9359 2326 7033 01JAN65 9125 2242 6883 01FEB65 9022 2242 6780 01MAR65 9187 2052 7135 01APR65 9548 2066 7486 01MAY65 9748 2044 7692 01JUN65 9820 2075 7745 01JUL65 10213 2078 8135 01AUG65 10122 2105 8017 01SEP65 10304 2105 8199 01OCT65 10529 2091 8424 01NOV65 10379 2077 8302 01DEC65 10242 2004 8238 01JAN66 10134 1849 8285 01FEB66 10538 1843 8695 01MAR66 10931 2307 8894 01APR66 11510 2219 9291 01MAY66 11551 2148 9403 01JUN66 11469 2172 9297 01JUL66 12199 2380 9819 01AUG66 12879 2560 10319 01SEP66 12631 2726 9905 01OCT66 13514 2930 10584 01NOV66 14086 3101 10985 01DEC66 14270 3220 11050 01JAN67 15039 3540 11499 01FEB67 15553 3865 11688 01MAR67 16236 4186 12050 01APR67 16590 4193 12397 01MAY67 17311 4789 12522 01JUN67 17014 5000 12014 01JUL67 17269 5163 12106 01AUG67 16948 4901 12047 01SEP67 17253 4952 12301 01OCT67 17349 5088 12261 01NOV67 17257 5098 12159 01DEC67 17918 5173 12745 01JAN68 18351 5347 13004 01FEB68 18372 5545 12827 01MAR68 18892 5650 13242 01APR68 18104 5746 12358 01MAY68 18937 5834 13103 01JUN68 19955 5966 13989 01JUL68 20179 6483 13696 01AUG68 21050 7013 14037 01SEP68 21482 7524 13958 01OCT68 21535 7451 14084 01NOV68 22472 7674 14798 01DEC68 22110 7541 14569 01JAN69 22494 7720 14774 01FEB69 23308 8040 15268 01MAR69 24265 8663 15602 01APR69 24866 9617 15249 01MAY69 25469 9592 15877 01JUN69 27369 10546 16823 01JUL69 29768 11179 18589 01AUG69 30756 11991 18765 01SEP69 31160 12056 19104 01OCT69 32277 11840 20437 01NOV69 33826 12246 21580 01DEC69 32994 12168 20826 01JAN70 34964 11756 23208 01FEB70 36553 12448 24105 01MAR70 38236 13209 25027 01APR70 39228 13438 25790 01MAY70 40763 13884 26879 01JUN70 39519 13132 26387 01JUL70 38914 12500 26414 01AUG70 38358 12386 25972 01SEP70 35980 12479 23501 01OCT70 34891 12510 22381 01NOV70 34422 12618 21804 01DEC70 33415 12924 20491 01JAN71 33284 13009 20275 01FEB71 33270 13332 19938 01MAR71 32593 13325 19268 01APR71 32861 13369 19492 01MAY71 32417 13217 19200 01JUN71 31439 12174 19265 01JUL71 32183 12334 19849 01AUG71 32327 12707 19620 01SEP71 32397 12598 19799 01OCT71 32360 11999 20361 01NOV71 32222 11861 20361 01DEC71 32444 11781 20663 01JAN72 32661 12139 20522 01FEB72 32836 12463 20373 01MAR72 33573 12706 20867 01APR72 33875 13009 20866 01MAY72 33775 12973 20802 01JUN72 34988 13597 21391 01JUL72 35707 13909 21798 01AUG72 34853 13810 21043 01SEP72 34814 13405 21409 01OCT72 34771 13298 21473 01NOV72 34816 13098 21718 01DEC72 35075 12903 22172 01JAN73 35177 12489 22688 01FEB73 34542 10940 23602 01MAR73 34132 9872 24260 01APR73 34652 9908 24744 01MAY73 35417 10275 25142 01JUN73 36247 10590 25657 01JUL73 36079 10532 25547 01AUG73 37445 10356 27089 01SEP73 38553 11125 27428 01OCT73 40752 13427 27325 01NOV73 41897 14348 27549 01DEC73 41591 14275 27316 01JAN74 44791 15471 29320 01FEB74 46166 17186 28980 01MAR74 44777 15732 29045 01APR74 44872 15867 29005 01MAY74 45923 16004 29919 01JUN74 45390 15435 29955 01JUL74 46487 15985 30502 01AUG74 48617 16934 31683 01SEP74 50190 18093 32097 01OCT74 50465 18525 31940 01NOV74 50744 18597 32147 01DEC74 49994 18015 31979 01JAN75 50881 18894 31987 01FEB75 51321 18960 32361 01MAR75 51030 19636 31394 01APR75 51626 19342 32284 01MAY75 51042 18819 32223 01JUN75 49200 18153 31047 01JUL75 50233 18792 31441 01AUG75 50499 18399 32100 01SEP75 49330 17940 31390 01OCT75 49631 17521 32110 01NOV75 48552 16920 31632 01DEC75 48421 16991 31430 01JAN76 48219 16919 31300 01FEB76 49052 17577 31475 01MAR76 49591 18115 31476 01APR76 49353 18189 31164 01MAY76 50196 18940 31256 01JUN76 50270 19237 31033 01JUL76 51899 19191 32708 01AUG76 50829 19228 31601 01SEP76 51105 18571 32534 01OCT76 50789 19017 31772 01NOV76 52228 19893 32335 01DEC76 52937 20367 32570 01JAN77 53183 20549 32634 01FEB77 53522 21195 32327 01MAR77 54986 21025 33961 01APR77 55708 21583 34125 01MAY77 57043 22165 34878 01JUN77 59356 22875 36481 01JUL77 59350 22792 36558 01AUG77 60423 23071 37352 01SEP77 61526 23541 37985 01OCT77 63545 24139 39406 01NOV77 63044 23850 39194 01DEC77 65051 24477 40574 01JAN78 65734 24371 41363 01FEB78 66220 23824 42396 01MAR78 67549 24662 42887 01APR78 69681 25737 43944 01MAY78 71155 26407 44748 01JUN78 72579 26771 45808 01JUL78 74305 27910 46395 01AUG78 74643 28318 46325 01SEP78 76998 29034 47964 01OCT78 78309 29460 48849 01NOV78 80948 30572 50376 01DEC78 83438 31791 51647 01JAN79 85147 32668 52479 01FEB79 87710 33377 54333 01MAR79 90604 35081 55523 01APR79 93550 37683 55867 01MAY79 96171 38131 58040 01JUN79 99477 39626 59851 01JUL79 101690 41249 60441 01AUG79 104338 43254 61084 01SEP79 106777 45455 61322 01OCT79 107455 44245 63210 01NOV79 108903 44303 64600 01DEC79 112803 48046 64757 01JAN80 115869 50185 65684 01FEB80 117552 51246 66306 01MAR80 119072 54106 64966 01APR80 121534 54807 66727 01MAY80 120399 55693 64706 01JUN80 122036 59328 62708 01JUL80 119999 56619 63380 01AUG80 120607 56552 64055 01SEP80 120513 55951 64562 01OCT80 120944 54499 66445 01NOV80 122869 56278 66591 01DEC80 124374 56520 67854 01JAN81 127457 58272 69185 01FEB81 129408 59764 69644 01MAR81 131504 61058 70446 01APR81 133821 62859 70962 01MAY81 139300 66406 72894 01JUN81 144547 69445 75102 01JUL81 150175 71600 78575 01AUG81 155108 75291 79817 01SEP81 161808 80499 81309 01OCT81 162593 80957 81636 01NOV81 164580 83058 81522 01DEC81 165829 84169 81660 01JAN82 168467 86666 81801 01FEB82 167788 87422 80366 01MAR82 168165 89117 79048 01APR82 172372 90734 81638 01MAY82 176742 93054 83688 01JUN82 177029 92467 84562 01JUL82 178975 94304 84671 01AUG82 174794 93833 80961 01SEP82 170424 90531 79893 01OCT82 168871 89799 79072 01NOV82 165179 86641 78538 01DEC82 166436 82043 84393 01JAN83 167796 83291 84505 01FEB83 168744 84509 84235 01MAR83 168242 83164 85078 01APR83 169728 83001 86727 01MAY83 169945 82325 87620 01JUN83 169734 82038 87696 01JUL83 170925 81449 89476 01AUG83 173805 82840 90965 01SEP83 176259 84944 91315 01OCT83 176713 84182 92531 01NOV83 180954 86903 94051 01DEC83 187658 90616 97042 01JAN84 189504 89894 99610 01FEB84 194325 92710 101615 01MAR84 201778 96613 105165 01APR84 208594 100964 107630 01MAY84 215037 104311 110726 01JUN84 217835 108681 109154 01JUL84 220818 111303 109515 01AUG84 222085 113126 108959 01SEP84 225582 117845 107737 01OCT84 229212 123498 105714 01NOV84 234791 125371 109420 01DEC84 237586 127043 110543 01JAN85 243654 130766 112888 01FEB85 246389 132571 113818 01MAR85 249979 133152 116827 01APR85 253918 136603 117315 01MAY85 258417 139133 119284 01JUN85 259411 138866 120545 01JUL85 266327 145912 120415 01AUG85 274102 146232 127870 01SEP85 275999 145077 130922 01OCT85 279627 148563 131064 01NOV85 287715 156245 131470 01DEC85 298779 163459 135320 01JAN86 300195 166387 133808 01FEB86 298581 164161 134420 01MAR86 302434 166701 135733 01APR86 296482 161018 135464 01MAY86 305698 166605 139093 01JUN86 311679 168066 143613 01JUL86 313958 170065 143893 01AUG86 324219 177161 147058 01SEP86 326806 178635 148171 01OCT86 328348 180604 147744 01NOV86 327612 178545 149067 01DEC86 331316 179419 151897 01JAN87 335442 179654 155788 01FEB87 337335 178359 158976 01MAR87 340403 180335 160068 01APR87 344862 182491 162371 01MAY87 349977 184425 165552 01JUN87 348181 185655 162526 01JUL87 348479 185061 163418 01AUG87 349679 187122 162557 01SEP87 360428 191883 168545 01OCT87 360756 188691 172065 01NOV87 357018 185635 171383 01DEC87 358997 184665 174332 01JAN88 378904 205865 173039 01FEB88 386635 213122 173513 01MAR88 390641 217752 172889 01APR88 401900 224477 177423 01MAY88 409204 227377 181827 01JUN88 412501 231119 181382 01JUL88 420847 235128 185719 01AUG88 424308 237608 186700 01SEP88 425430 241820 183610 01OCT88 430170 245601 184569 01NOV88 448019 254087 193932 01DEC88 458464 263533 194931 01JAN89 467742 269980 197762 01FEB89 482872 281741 201131 01MAR89 489734 284875 204859 01APR89 490106 285492 204614 01MAY89 496369 291181 205188 01JUN89 500977 290986 209991 01JUL89 506735 298984 207751 01AUG89 517790 308632 209158 01SEP89 512281 302446 209835 01OCT89 515638 304184 211454 01NOV89 521313 309735 211578 01DEC89 525831 314901 210930 01JAN90 529211 316188 213023 01FEB90 534987 320562 214425 01MAR90 543048 327934 215114 01APR90 544172 327728 216444 01MAY90 544843 331435 213408 01JUN90 542716 336224 206492 01JUL90 547914 343853 204061 01AUG90 552231 347538 204693 01SEP90 562836 358003 204833 01OCT90 563200 358598 204602 01NOV90 559198 356432 202766 01DEC90 562656 362620 200036 01JAN91 567702 364605 203097 01FEB91 560337 361261 199076 01MAR91 564984 372904 192080 01APR91 547407 357419 189988 01MAY91 542639 353227 189412 01JUN91 542308 348656 193652 01JUL91 546606 352835 193771 01AUG91 539644 347549 192095 01SEP91 532606 344892 187714 01OCT91 531757 352294 179463 01NOV91 531993 351335 180658 01DEC91 531724 348345 183379 01JAN92 532085 352572 179513 01FEB92 526931 348074 178857 01MAR92 537954 357181 180773 01APR92 539174 364225 174949 01MAY92 537045 365702 171343 01JUN92 546609 372971 173638 01JUL92 547314 369888 177426 01AUG92 547234 373375 173859 01SEP92 550727 372543 178184 01OCT92 557915 376527 181388 01NOV92 558414 379135 179279 01DEC92 549433 376620 172813 01JAN93 540191 358927 181264 01FEB93 527529 350159 177370 01MAR93 534116 362157 171959 01APR93 535971 360587 175384 THE FOLLOWING SETS OF DATA ARE FOR USE IN TABLE 5 NOTE: TO REPLICATE TABLE 5, YOU'LL NEED SOME OF THE DATA FROM TABLES 3 AND 4. SEE PROGRAM FILE FOR THE NECESSARY DATA SETS. COMMERCIAL AND INDUSTRIAL LOANS MADE UNDER COMMITMENT REFERRED TO AS "LNUCLUC" IS CORRESPONDING PROGRAM FILE FOR ARTICLE SOURCE: FEDERAL RESERVE BANK OF KANSAS CITY DATE LUC 01/1975 95 02/1975 93.4 03/1975 91.7 04/1975 90.9 05/1975 88.2 06/1975 88 07/1975 87.5 08/1975 85.3 09/1975 85.3 10/1975 84.9 11/1975 84.8 12/1975 83.5 01/1976 82.1 02/1976 81.6 03/1976 79.6 04/1976 78.6 05/1976 78.2 06/1976 78.8 07/1976 77.7 08/1976 77.5 09/1976 77.3 10/1976 78.1 11/1976 78.5 12/1976 78.8 01/1977 76.3 02/1977 78.4 03/1977 78.7 04/1977 77.6 05/1977 77.5 06/1977 78 07/1977 79 08/1977 79.4 09/1977 79.2 10/1977 81.2 11/1977 80.9 12/1977 80.3 01/1978 81.8 02/1978 84.1 03/1978 85.1 04/1978 88.6 05/1978 91.5 06/1978 92.5 07/1978 92.9 08/1978 93.2 09/1978 93.3 10/1978 95 11/1978 96.3 12/1978 97.1 01/1979 97.9 02/1979 100.4 03/1979 102.5 04/1979 104.3 05/1979 105.2 06/1979 107.8 07/1979 109.5 08/1979 111.6 09/1979 113.5 10/1979 115.1 11/1979 114.4 12/1979 117.7 01/1980 117.9 02/1980 119.9 03/1980 122.4 04/1980 120.1 05/1980 116.9 06/1980 116.6 07/1980 117.3 08/1980 119.5 09/1980 121 10/1980 123.9 11/1980 128 12/1980 129.8 01/1981 128.5 02/1981 128 03/1981 128.7 04/1981 130.4 05/1981 133.8 06/1981 135.1 07/1981 137.7 08/1981 140.9 09/1981 141.3 10/1981 141.4 11/1981 143.6 12/1981 143.4 01/1982 147 02/1982 149.9 03/1982 151.8 04/1982 154.5 05/1982 157.8 06/1982 159.8 07/1982 159.2 08/1982 160 09/1982 157.2 10/1982 158.8 11/1982 156.9 12/1982 155.8 01/1983 155.2 02/1983 157.1 03/1983 156.4 04/1983 153.8 05/1983 152.9 06/1983 151.8 07/1983 151.2 08/1983 150.9 09/1983 149.2 10/1983 149.9 11/1983 150.2 12/1983 154.4 01/1984 152.3 02/1984 156.9 03/1984 161.9 04/1984 165.9 05/1984 167.5 06/1984 170.7 07/1984 171.5 08/1984 171.1 09/1984 167.7 10/1984 167.5 11/1984 168 12/1984 167.6 01/1985 167.3 02/1985 171 03/1985 171.4 04/1985 170.9 05/1985 172.1 06/1985 171.7 07/1985 173 08/1985 173.6 09/1985 173.5 10/1985 171.8 11/1985 171 12/1985 170.6 01/1986 168.5 02/1986 172.4 03/1986 174.6 04/1986 172.5 05/1986 172.5 06/1986 176.7 07/1986 175.3 08/1986 175.7 09/1986 174.9 10/1986 176.1 11/1986 177.1 12/1986 187.5 01/1987 185.7 02/1987 188.9 03/1987 186.6 04/1987 186.9 05/1987 187.4 06/1987 185.5