The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
; Of GOy/- FEDERAL RESERVE statistical release H.9 (511) For Release at 4 : 1 5 p.m. Eastern Time June 2 4 , WEEKLY SUMMARY O F R E S E R V E S AND INTEREST RATES Levels Week ended J u n e 22P June 15P 4 weeks ended June 22P Bay 25P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit3 Required reserves Monetary base 4 #2,360 40,645 41,706 41,753 184,841 41,288 39,476 40,572 40,939 183,802 Week ended J u n e 22 41,682 40,294 41,079 41,159 184,132 41,203 40,289 40,797 40,744 182,524 1983 Percent change Average of 4 weeks ended J u n e 2 2 . 1983P from 4 weeks averages 13 weeks 26 weeks 52 weeks previous previous previous Seasonally adjusted annual rates 7.5 0.9 5.6 6.7 9.7 5.0 1.0 3.9 4.4 10.2 7.2 6.5 8.3 6.7 8.8 4 weeks ended June 15 Jume 22 Hay 2 5 Not seasonally adjusted Other reserve measures and Interest rates Discount window borrowing ($ mil.) Includes: seasonal borrowings of extended credit of Federal funds rate. 3-month Treasury bill rate 90 day dealer placed commercial paper9 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate® 1 1715 125 1061 9 . 14 8.84 9.04 9.24 9.70 11.01 1812 110 1096 8.84 8.73 8.96 9.15 9.60 11.06 1388 113 785 8.90 8.70 8.88 9.09 9.57 11.05 914 97 507 8.65 8 . 13 8.29 8.43 8.91 10.61 llllilllliliil R e s e r v e a g g r e g a t e s i n c l u d e r e q u i r e d r e s e r v e s o f member banks and Edge Act C o r p o r a t i o n s and o t h e r depository institutions. D i s c o n t i n u i t i e s a s s o c i a t e d w i t h t h e i m p l e m e m t a t i o n o f t h e Monetary C o n t r o l A c t . t h e i n c l u s i o n o f Edge Act C o r p o r a t i o n r e s e r v e s , and o t h e r c h a n g e s i n R e g u l a t i o n D have been r e n o v e d . 2 R e s e r v e b a l a n c e s w i t h F e d e r a l R e s e r v e Banks (which e x c l u d e r e q u i r e d c l e a r i n g b a l a n c e s ) p l u s v a u l t c a s h a t i n s t i t u t i o n s with required r e s e r v e b a l a n c e s plus v a u l t cash equal t o required r e s e r v e s at other institutions. 3 Extended c r e d i t c o n s i s t s o f b o r r o w i n g a t t h e d i s c o u n t window under t h e t e r n s and c o n d i t i o n s e s t a b l i s h e d f o r the extended c r e d i t progcan t o h e l p d e p o s i t o r y i n s t i t u t i o n s d e a l with s u s t a i n e d l i q u i d i t y p r e s s u r e s . B e c a u s e t h e r e i s n o t t h e same need t o r e p a y s u c h b o r r o w i n g promptly a s t h e r e i s w i t h t r a d i t i o n a l s h o r t t e r n a d j u s t m e n t c r e d i t , t h e money market i m p a c t o f e x t e n d e d c r e d i t i s s i m i l a r t o t h a t o f nonborrowed reserves. 4 I n c l u d e s r e s e r v e b a l a n c e s and r e q u i r e d c l e a r i n g b a l a n c e s a t F e d e r a l R e s e r v e Banks i n t h e c u r r e n t week p l u s v a u l t c a s h h e l d t w o weeks e a r l i e r u s e d t o s a t i s f y r e s e r v e r e q u i r e m e n t s a t a l l d e p o s i t o r y i n s t i t u t i o n s p l u s c u r r e n c y o u t s i d e t h e U.S. T r e a s u r y , F e d e r a l Reserve Banks, t h e v a u l t s of d e p o s i t o r y i n s t i t u t i o n s , and s u r p l u s v a u l t c a s h a t d e p o s i t o r j i n s t i t u t i o n s . 5 On June 15, 19 83 b a n k - r e l a t e d c o m m e r c i a l p a p e r o u t s t a n d i n g was $ 3 3 , 9 0 9 m i l l i o m . 6 Yield at 20-year c o n s t a n t maturity. Source: U.S. Treasury. Note: A l l p e r c e n t a g e c h a n g e s a r e a t s e a s o n a l l y a d j u s t e d a n n u a l r a t e s , n o t compounded. P—indicates preliminary data.
@FedFRASER