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Home > Part C - Economic Structure and Performance > Chapter Cj - Financial Markets and Institutions > Table Group Cj108-141 - Monetary Policy
 
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David C. Wheelock
Table Cj135-140 - Commercial bank reserves and the monetary base: 1918-1999

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  Cj135 Cj136 Cj137 Cj138 Cj139 Cj140
  Board of Governors measure Federal Reserve Bank of St. Louis measure
Monetary base Adjusted monetary base Adjusted reserves Monetary base Adjusted monetary base Adjusted reserves
Row Year Million dollars Million dollars Million dollars Million dollars Million dollars Million dollars
1 1918 ---- ---- ---- 5,869 5,177 ----
2 1919 ---- ---- ---- 6,446 5,687 ----
3 1920 ---- ---- ---- 7,025 6,197 ----
4 1921 ---- ---- ---- 6,336 5,590 ----
5 1922 ---- ---- ---- 6,027 5,315 ----
6 1923 ---- ---- ---- 6,402 5,642 ----
7 1924 ---- ---- ---- 6,614 5,829 ----
8 1925 ---- ---- ---- 6,747 5,947 ----
9 1926 ---- ---- ---- 6,853 6,040 ----
10 1927 ---- ---- ---- 6,895 6,077 ----
11 1928 ---- ---- ---- 6,851 6,038 ----
12 1929 ---- ---- ---- 6,833 6,022 ----
13 1930 ---- ---- ---- 6,637 5,850 ----
14 1931 ---- ---- ---- 6,994 6,164 ----
15 1932 ---- ---- ---- 7,441 6,558 ----
16 1933 ---- ---- ---- 7,918 6,978 ----
17 1934 ---- ---- ---- 9,073 7,996 ----
18 1935 ---- ---- ---- 10,583 9,341 ----
19 1936 ---- ---- ---- 12,089 10,110 ----
20 1937 ---- ---- ---- 13,304 9,371 ----
21 1938 ---- ---- ---- 14,440 10,709 ----
22 1939 ---- ---- ---- 17,400 13,200 ----
23 1940 ---- ---- ---- 21,124 16,119 ----
24 1941 ---- ---- ---- 22,995 17,146 ----
25 1942 ---- ---- ---- 25,328 18,299 ----
26 1943 ---- ---- ---- 30,235 22,475 ----
27 1944 ---- ---- ---- 35,771 26,894 ----
28 1945 ---- ---- ---- 41,897 31,617 ----
29 1946 ---- ---- ---- 44,256 33,243 ----
30 1947 ---- ---- ---- 44,878 33,538 6,643
31 1948 ---- ---- ---- 46,060 33,117 6,643
32 1949 ---- ---- ---- 45,303 33,095 6,983
33 1950 ---- ---- ---- 43,571 32,740 6,993
34 1951 ---- ---- ---- 47,111 33,738 7,371
35 1952 ---- ---- ---- 49,416 35,342 7,755
36 1953 ---- ---- ---- 50,133 36,458 7,922
37 1954 ---- ---- ---- 49,305 36,746 8,202
38 1955 ---- ---- ---- 49,091 36,945 8,271
39 1956 ---- ---- ---- 49,651 37,381 8,350
40 1957 ---- ---- ---- 50,022 37,692 8,399
41 1958 ---- ---- ---- 49,824 38,379 8,792
42 1959 50,483 40,789 11,089 50,405 38,930 8,964
43 1960 49,996 40,832 11,021 49,918 39,132 9,057
44 1961 49,306 41,176 11,248 49,228 39,928 9,526
45 1962 50,938 42,333 11,397 50,859 41,482 9,988
46 1963 52,444 43,913 11,494 52,365 43,319 10,372
47 1964 55,186 46,081 11,714 55,108 45,728 10,859
48 1965 58,109 48,273 12,044 58,031 48,300 11,532
49 1966 61,533 50,765 12,248 61,454 51,083 12,086
50 1967 64,656 53,137 12,661 64,577 53,820 12,809
51 1968 69,389 56,492 13,342 69,312 57,336 13,637
52 1969 73,657 59,881 13,816 73,578 60,584 14,109
53 1970 77,565 63,324 14,228 77,486 63,894 14,639
54 1971 83,260 67,633 14,968 83,184 68,934 16,020
55 1972 89,065 72,230 15,942 89,082 74,129 17,440
56 1973 94,643 78,303 16,866 94,676 80,912 19,246
57 1974 103,622 84,939 17,341 103,652 87,647 20,529
58 1975 108,542 90,810 17,586 108,573 93,692 21,076
59 1976 114,698 98,004 17,976 114,728 99,900 21,458
60 1977 122,930 106,061 18,688 122,967 107,543 22,507
61 1978 134,551 115,907 19,737 134,599 117,363 24,211
62 1979 147,559 125,712 19,926 147,608 126,433 25,039
63 1980 158,589 136,838 21,008 158,641 136,769 26,385
64 1981 163,916 145,330 22,233 164,087 145,809 26,855
65 1982 172,069 154,425 22,658 172,317 156,355 28,578
66 1983 183,362 169,273 24,905 183,559 172,858 32,764
67 1984 195,244 182,318 26,144 195,564 187,999 35,986
68 1985 210,637 195,576 29,094 210,960 201,846 39,502
69 1986 230,796 212,944 34,446 231,002 220,448 46,017
70 1987 253,086 232,222 39,359 253,340 241,163 52,357
71 1988 271,881 249,584 40,125 272,211 258,970 53,703
72 1989 283,232 261,954 39,847 283,732 271,385 54,002
73 1990 301,658 280,886 40,879 302,428 290,731 55,664
74 1991 318,119 307,229 43,117 318,285 318,324 59,324
75 1992 341,539 333,910 50,235 341,758 347,878 68,753
76 1993 376,353 369,778 57,403 376,670 386,185 78,335
77 1994 411,133 405,231 60,035 411,498 421,571 81,104
78 1995 433,695 429,191 57,630 433,940 443,486 77,261
79 1996 447,789 441,583 53,016 448,033 455,562 73,920
80 1997 471,451 464,430 47,204 471,934 478,714 69,514
81 1998 502,109 495,221 45,216 502,599 508,958 67,816
82 1999 550,529 543,529 42,992 551,895 557,926 72,426



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