RESERVE REQUIREMENTS OF MEMBER BANKS, November 1972 to February 1980 Net Demand Deposits Date Under $2 million Over $2 million to $10 million Over $10 million to $100 million Over $100 million to $400 million Over $400 million Reserve City 16 Nov 1972 8.0% 10.0% 12.0% 13.0% 17.5% 19 Jul 1973 8.0% 10.5% 12.5% 13.5% 18.0% 12 Dec 1974 8.0% 10.5% 12.5% 13.5% 17.5% 13 Feb 1975 7.5% 10.0% 12.0% 13.0% 16.5% 30 Dec 1976 7.0% 9.5% 11.75% 12.75% 16.25%
Time Deposits Other Time Deposits
DateSavings deposits Up to $5 million In excess of $5 million 16 Nov 1972 3.0% 3.0% 5.0% Maturing in Maturing in 30-179 days 180 days to 4 years 4 years or more 30-179 days 180 days to 4 years 4 years or more 12 Dec 1974 3.0% 3.0% 3.0% 3.0% 6.0% 3.0% 3.0% 30 Oct 1975 3.0% 3.0% 3.0% 1.0% 6.0% 3.0% 1.0% 8 Jan 1976 3.0% 3.0% 2.5% 1.0% 6.0% 2.5% 1.0% Source: Colin D. Campbell and Rosemary Campbell. An Introduction to Financing the Economy. Hinsdale, IL: Dryden Press, 1981: 272.