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FEDERAL RESERVE statistical release
For Immediate Release
April 11, 1980

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

4 weeks ended

Apr. 2
Apr. 9
Apr. 9
Mar. 12
Millions of dollars, seasonally adjusted

Reserve aggregates 1
Total reserves
Nonborrowed reserves
Required reserves
Monetary base2

45,341
42,955
44,954
158,140

44,248
41,986
43,850
157,318

44,283
41,706
43,998
157,243

43,673
41,124
43,418
156,208

Reserve aggregates (adjusted) 3
Total reserves
Nonborrowed reserves
Required reserves
Monetary base 2

43,290
40.904
42,903
156,088

43,739
41,477
43,341
156,809

43,432
40,855
43,147
156,393

43,222
40,772
43,067
155,858

Percent change
Average of 4 weeks ended
April 9, 1980
from 4 weeks averages
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonally adjusted annual rates

Week ended

Monetary aggregates
M-1A (Currency plus demand deposits)
M-1B (M-1A 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

4 weeks ended

Apr. 2
Mar. 26
Apr. 2
Mar. 5
Billions of dollars, seasonally adjusted
374.3
391.5

374.4
391.3

375.0
392.0

375.8
392.4

6.4
2.0
6.9
-10.4
0.5
2.3
2.6
6.2
6.9
6.5
8.4
7.3
Average of 4 weeks ended
April 2, 1980
from 4 weeks averages
13 weeks
26 weeks
52 weeks
previous
previous
previous
Seasonal y adjusted annual rates
3.7
4.2

4.0
4.5

6.4
7.5

Week ended
4 weeks ended
Apr. 9
Apr. 2
Apr. 9 I Mar. 12
Not seasonally adjusted
2386
154
19.04
14.54
17.61
17.88
19.45
11.99

2262

165
19.39
14.80
17.22
17.97
19.60
12.48

2577
163
18.11
14.94
17.19
17.88
19.26
12.35

2550
116
15.53
14.17
15.15
15.78
16.87
12.54

:«=0g3H==5S

::::::

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 $2011 million in the week ending April 9, 1980
and $469 million in the week ending April 2, 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 April 2, 1980
bank-related commercial paper outstanding was $21,828 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-lndicates 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.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102