The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
g&i-. FEDERAL RESERVE statistical release For Immediate Release H.9 (511) July 7, 1980 WEEKLY SUMMARY OF BANKING AND CREDIT MEASURES Levels Week ended 4 weeks ended June 4 July 2 June 25 July 2 Millions of dollars, seasonally adjusted Reserve aggregates 1 Total reserves Nonborrowed reserves Required reserves Monetary base2 43,858 43,510 43,603 159,672 43,657 43,339 43,465 158,704 43,794 43,428 43,618 158,878 Reserve aggregates (adjusted) 3 Total reserves Nonborrowed reserves Required reserves Monetary base 2 43,559 43,211 43,304 159.373 43,367 43,049 43,175 158.413 43,260 42,894 43,084 1 SB,344 Week ended June 25p June 18p 44,578 43,718 44,386 158,766 43,410 42,549 43,218 1S7,598 4 weeks ended June 25p May 28P Billions of dollars, seasonally adjusted Monetary aggregates M-1A (Currency plus demand deposits) M-1B (M-1 A plus other checkable deposits) 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 paper* 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate5 371.9 391.6 372.7 392.6 348 5 9.41 7.82 8.30 8.59 9.61 10.10 318 8 9.08 7.12 8.08 8.36 9.25 9.70 367.9 370.9 386.3 390.4 4 weeks ended Week ended July 2 1 June 4 | June 25 July 2 Not seasonally adjusted 366 9 9.29 7.08 8.16 8.42 9.33 9.84 Percent change Average of 4 weeks ended J u l y 2 , 1980 from 4 weeks averages 52 weeks 13 weeks 26 weeks previous previous | previous Seasonally adjusted annual rates 6.0 0.1 9.0 5.1 6.2 1.6 6.2 8.?, Average of 4 weeks ended June 25, 1980 from 4 weeks averages 52 weeks 13 weeks 26 weeks previous previous | previous Seasonally adjusted annual rates -0.1 24.3 -0.3 s.s -2.5 -0.8 0.9 2.3 3.2 4.4 861 35 10.44 8.12 8.98 9.25 10.53 10.44 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 $265 million in the week ending J u l y 2 , 1980 and $ 257 million in the week ending June 25, 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 t w o 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 June 2 5 , 1980 bank-related commercial paper outstanding was $ 22,603 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-Indicates preliminary data. Special caution should be taken in interpreting week-to-week changes in money supply data, which are often highly volatile and subject to revision in subsequent weeks and months.