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FEDERAL RESERVE statistical release

•Mm;-

For Immediate Release
January 31, 1980

H.9 (511)
WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES
Averages of daily figures
Levels
Week ended

4 weeks ended

Jan. 30
Jan. 23
J an. 30
Jan • 2
Billions of dollars, seasonally adjusted

Percent change
Average of 4 weeks ended
January 30, 1980
from 4 weeks averages
13 weeks I 26 weeks
52 week:
previous I previous
previous
Seasonally adjusted annual rates

Reserve aggregates1
Total reserves
Nonborrowed reserves
Required reserves
Monetary b a s e 2

43,697
41 876
43',322
155,447

43,203
42 006
42 ,*960
154,648

43,612
42 368
43^260
155,033

43,512
42 104
. 43,074
153,950

lliylliiii

Reserve aggregates (adjusted) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary b a s e 2

43,423
41,602
43,048
155,173

42,975
41,778
42,732
154,420

43,387
42,143
43,035
154,808

43,211
41,803
42,773
153,649

8.2
11.2
4.0
10.7
17.3
3.5
7.3
10.3
3.6
10.2
7.9
7.7
Average of 4 weeks ended
January 23, 1980
from 4 weeks averages
13 weeks
26 weeks
52 weel
previous
previous
previou
Seasonal y adjusted annual rates

Week ended
Jan. 23p
Monetary aggregates
M-1 (Currency plus demand deposits)
M-2 (M-1 plus time deposits at commercial
banks other than large time CD's)
Time deposits, all commercial banks

Other reserve measures and interest rates
Member bank borrowings ($ mil.)
Includes seasonal borrowings of:
Federal funds rate
3-month Treasury bill rate
90
day dealer placed commercial paper4
3-month CD rate (secondary market)
3-month Eurodollar rate
U.S. Government bond rate5

Jan. 16p

4 weeks ended
Jan. 23p

Dec. 26p

Billions of dollars, seasonally adjusted

Mi

380.3

383.2

382.3

381.6

2.0

4.9

6.0

954.9
670.9

957.5
669.9

955.4
667.6

951.7
664.8

5.3
9.0

8.3
12.3

8.6
8.0

Week ended
4 weeks ended
Jan. 30 | Jan. 23 "" Jan. 30 | Jan. 2
Not seasonally adjusted
1821
87
13.54
12.21
13.06
13.40
14.41
11.09

1197
78
13.77
12.08
13.02
13.36
14.20
10.72

1244
75
13.79
11.99
13.03
13.40
14.34
10.65

1408
77
13.81
12.09
13.30
13.47
14.53
10.20

1 Includes required reserves against deposits at member banks and Edge Act corporations; against bank related commercial paper; and
marginal reserves against selected borrowings of member banks, Edge Act corporations and agencies and branches of foreign banks.
Marginal required reserves averaged $ 244
million in the week ending January 30, 1980 and $ 229
million in the week
ending January 23, 1980
2 Includes total reserves (reserve balances of member banks, Edge Act corporations and agencies and branches of foreign banks in the current
week and vault cash held two weeks earlier); currency outside the U.S. Treasury, Federal Reserve banks and the vaults of commercial banks
and vault cash of nonmember banks.
3 Reserve aggregates series have been adjusted to remove discontinuities associated with marginal reserve requirements and changes in other
reserve requirement regulations.
4 On January 23, 1980 bank-related commercial paper outstanding was $ 21,539 million.
5 Yield at 20-year constant maturity. Source: U.S. Treasury.
NOTE: All percentage changes are at seasonally adjusted annual rates, not compounded.
p-Preliminary; special caution should be taken in interpreting week-to-week changes in money supply data, whicl
are often highly volatile and subject to revision in subsequent weeks and months.