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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.