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FEDERAL RESERVE statistical release ([[[ ••ftALRES*- For Release at 4:15 p.m. EST A p r i l 2 2 , 1983 H.9 (511) WEEKLY SUMMARY OF RESERVES AND INTEREST RATES Percent change Average of 4 weeks ended Levels Week ended 4 weeks ended A p r i l 2 0 , 1983P from 4 weeks averages 52 weeks 26 weeks 13 weeks previous previous previous Seasonally adjusted annual rates Apr 13P Apr 20P Bar 23P Apr 20P Millions of dollars, seasonally adjusted Reserve aggregates (adjusted)1 Total reserves2 Nonborrowed reserves Nonborrowed reserves plus extended credit3 Required reserves Monetary base 4 41,415 40,750 41,155 41,249 180,814 40,490 39,905 40,258 39,955 179,365 40,672 39.956 40,272 40,251 178,880 -1.3 -4.1 -2.1 0.7 7.5 6.5 4.4 5.6 6.1 8.8 7.0 8.8 8.9 6.6 8.4 4 weeks ended Week ended 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 paper5 3-month CD rate (secondary market) 3-month Eurodollar rate U.S. Government bond rate6 40,992 40,013 40,361 40,525 180,043 Apr 20 Apr 13 Apr 20 Not seasonally adjusted Bar 2 3 665 77 405 8 . 70 8 . 12 8.46 8.58 9.14 10.57 585 72 353 6-76 8.25 8.56 8.70 9.30 10.66 978 73 348 8.94 8.38 8.69 8.83 9.39 10.71 717 48 316 8.59 8.20 8.35 8.53 9.11 10.77 h 1 B e s e t re 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 of member banks and Edge Act C o r p o r a t i o n s and o t h e r d e p o sitory institutionsD 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 n 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 of 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 h a v e been removed. B e g i n n i n g w i t h t h e week ended December 3 1 , 1981, r e s e r v e s a g g r e g a t e s h a v e b e e n r e d u c e d by s h i f t s of r e s e r v a b l e l i a b i l i t i e s t o I n t e r n a t i o n a l banking f a c i l i t i e s ( I B F s ) . 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 at i n s t i t u t i o n s with r e q u i r e d r e s e r v e b a l a n c e s p l u s v a u l t cash e q u a l t o r e q u i r e d r e s e r v e s a t other institutions. 3 Extended c r e d i t c o n s i s t s of 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 m 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 t h e e x t e n d e d c r e d i t program 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 w i t h 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 . Because 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 term 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 two 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 R e s e r v e 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 y i n s t i t u t i o n s . 5 On A p r i l 13, 3 983 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 , 5 9 5 m i l l i o n . 6 l i e l d at 20-year constant maturity. Source: O.S. T r e a s u r y . 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